03-08-2021, 01:33 PM
(03-08-2021, 01:18 PM)crimsonghost747 Wrote: Yeah don't buy the options, unless you really believe in the squoze and are happy buying a $600 call or something.The short position was so ridiculous it could be cut in half now and it's still a problem. By now there are pros with money riding the monkey long train. This could continue off and on for a long time. I am sure some non-pros with money thought shorting at $50 was easy money. The Senate has no clue what to do about this. The SEC probably hoped it would just fade away.
But yeah, I thought it was over when we were at $40 and $50 for weeks. That was the spot for the shorts to cover (at a massive loss) but right now my theory is this:
a)the big boys just cannot accept losing to monkeys, so they never covered.
and/or
b) when we were at $40 the smart people got out but lots of people also shorted because they thought it'd go back to $15.
The short interest is still massive, otherwise it wouldn't have jumped from $40 to $120 in days.