/biz/ - Business & Finance

>>27825674
>literally nothing prevented shorters from opening NEW SHORTS at $300+ to suppress the price
By that thesis, literally nothing prevents any stock price whatsoever from being shorted to zero.
In reality, shorting is risky and costs money. So you can only do so much of it.
And the hedgies have had to do a LOT on GME, and will need to do more to get the price low enough to get out of their bets to date.

In reality, GME is a stock that naturally sits at $50 at the start/mid of each console gen, and spending billions to short it much below that is not going to work out very well.
All memes aside, the WSB autist were right all along. They were right to buy at the absurdly low prices ($4-5) which the stock had been shorted to and they are right to hold because GME will make money this console gen. Plebs will not bite at digital distribution at the prices publishers want, and will prefer discs and reselling those discs at local GameStop pawn shops.

And even if Sony crash the AAA industry, kids still have to go to the store to buy Nintendo eShop cards. The Big Short is OGRE.