/biz/ - Business & Finance

>>52957473

"the SEC has told you (as I’ve previously obliquely suggested) that January 2021 was a classic retail-driven mania. People got excited about stocks, way out of proportion to valuation, and eagerness to buy drove prices way way up. And the combination of prices-going-up and markets going-irrationally-unpredictable drove shorts out of the trade. It wasn’t technically a short squeeze in the narrow sense that shorts covering wasn’t the primary driver of the price, but that didn’t mean that shorts didn’t cover. It’s just that, of the 1,680 million shares of GME that traded from January 1 to February 12, the ~55 million attributable to shorts covering were less important than the other 1,525 million trades."

Shorts closed Fren.

https://www.reddit.com/r/GME_Meltdown_DD/comments/rinmob/fyi_the_sec_told_you_the_moass_already_happened/