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[–] 0 pt

If the HFs have to sell other holdings to cover their shorts, the rest of the market will go down; it already had a bad bad week. WSB has identified the largest short holders and their 50 largest non GME holdings. Want to play? Short those holdings and make $$ [If you don't like those stocks.] If the HFs are really irrational (don't want to give in to retail horde at all), then the dollar may be affected with all the Fed printing. Some who math think that the cost of holding all the shorts will make most of the large short position HFs insolvent within a couple months. I don't think it will take that long. Must be ready to rotate the play; it can happen fast.

[–] 0 pt

What? In layman's terms - is it good! or bad (for the average everyday) investor?

[–] 0 pt

stocks other than GME are probably heading down somewhat until the squeeze is all squeezed out. But it could be uglier since there's a bit of a bubble to pop. GME, on the other hand may be headed up a lot, so there's that, if you like the stock.