Yes and no.
Basically we're waiting for Melvin to settle. They need to buy what they promised or each day they'll have to pay high-as-fuck fees. This means losing millions/billions a day depending.
If people continue to hold, it'll skyrocket higher. It looks like Melvin might try to get some people with shaky feet to sell/jump train before they settle and run that price down as much as they can.
When Melvin finally gives in the price will surge high, then everyone will jump ship pretty quick. The amount that price will surge depends on how many people hold Gamestop until they make their move.
Yes and no.
Basically we're waiting for Melvin to settle. They need to buy what they promised or each day they'll have to pay high-as-fuck fees. This means losing millions/billions a day depending.
If people continue to hold, it'll skyrocket higher. It looks like Melvin might try to get some people with shaky feet to sell/jump train before they settle and run that price down as much as they can.
When Melvin finally gives in the price will surge high, then everyone will jump ship pretty quick. The amount that price will surge depends on how many people hold Gamestop until they make their move.
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