Yeah, I used stagnate incorrectly there. I want to specify that what will most likely happen is that after people realize that they can’t get any more people to buy the stock (because the long term price is dubious), people will start to sell over time. It might even be true that some people will short the stock AGAIN because it’s so high. Whatever the case is for management at GameStop, nothing it’s been doing could warrant a tripling in common stock value over 10 days. In the end the only people making profit are the shorters who held or started now and the people who bought and sold the stock already.
Yeah, I used stagnate incorrectly there. I want to specify that what will most likely happen is that after people realize that they can’t get any more people to buy the stock (because the long term price is dubious), people will start to sell over time. It might even be true that some people will short the stock AGAIN because it’s so high. Whatever the case is for management at GameStop, nothing it’s been doing could warrant a tripling in common stock value over 10 days. In the end the only people making profit are the shorters who held or started now and the people who bought and sold the stock already.
Elon tweeted and pushed the end of day $148 to past $200 after hours today ?
I don't think they're escaping those short bets.