- Joined:
- Oct 7, 2011
- Posts:
- 21,315
- Liked Posts:
- 14,835
- Location:
- Dongbears is thee worst!
My favorite teams
Yeah, by the time these guys get new accounts and verified, the hedge funds will have cashed out.
That's the thing though with a short squeeze. The hedge funds can't "cash out" They have bet that the stock would go down when they shorted. When it went up, they kept shorting. Now come tomorrow,they are forced to buy on margin calls. This will send the stock up again.
What you are seeing now is retailers bailing on the stock, but the lasting effects of this could go on for a while.
All that said,would I buy again? Maybe if it starts sailing again. This is 100% gambling though. The stock is shit.
I said earlier, if I am a hedge fund, I'd buy now joining retailers. They shorted from 20 to 30 and then on so they are screwed either way.