/biz/ - Business & Finance

Melvin have covered all of their initial short positions at this point. It's all over. Sell now if you're still bagholding, don't bother waiting for the 9th, the price will plummet to mid 10s then.

GME Short interest is still high at 113%:

https://edition.cnn.com/business/live-news/wallstreetbets-reddit-wall-street-gamestop/h_7cdf8440b148756c2719f7bef363f150

Doesn't matter if early shorts already covered, if the price continue rising the late shorters will still get margin called and there's not enough available shares for covering.

Brokers and clearing house practically admitted they ran out of shares/liquidity/collateral on Thursday hence the buying restrictions - This is exactly what a short squeeze is supposed to cause. It was only stopped within minutes by restricting buying i.e. demand.

Guess what's going to happen as people find other ways to buy over the next few weeks.

FUD all you want, you are either jelly or a shortist.