Quote:
Originally Posted by vreihen16
Quote:
Originally Posted by Noneya
You may feel better knowing that the majority of the paper millionaires who hold GME right now will go back to being thousandaires soon.
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...and (ironically) somebody is going to make billions riding that short all the way down..... |
But, in the meantime while the stock goes up, and as volatility goes up, the hedge funds need to hold more cash in their accounts to allow the short position. And with interest rates at zero, that cash position is effectively a money-loser. So the longer the stock price stays elevated, or worse: goes up, the harder it is for the hedge funds to hold. Its a question of who has diamond hands. 🍿