Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up
Jan 26, 2021
8:29:35am
The Old Y All-American
Here's the problem with the short squeeze. Everyone is in it for themselves.
It's why these things pretty much never actually work for any amount of time that makes it a better idea than the lottery.

It isn't a valuation of the company, it's a play on the metrics of the available stocks and the number of positions that are coming due.

So, if there is a major increase in stock price it is temporary. Everyone wants to be the first one out at the max price. It's why current stock owners will have set automatic sales at internvals going all the way up to $1000+. I'd be shocked if the price really ever bounced over $200 or $300. I think we saw the downward pressure yesterday at about $150. There's just too much incentive to be the first one out.

These diamond hands guys saying to hold to $1000 are nice, but I guarantee you they are selling at $999. When the shorts get taken care of, the price will represent the value of the company---which is probably around $5 to $25 a share. There are a limited number of must buy contracts (shorts). And when those shorts are filled, the price will drop as quickly as it rose.
This message has been modified
Originally posted on Jan 26, 2021 at 8:29:35am
Message modified by The Old Y on Jan 26, 2021 at 8:30:42am
Message modified by The Old Y on Jan 26, 2021 at 8:31:57am
Message modified by The Old Y on Jan 26, 2021 at 8:32:55am
Message modified by The Old Y on Jan 26, 2021 at 8:33:29am
Message modified by The Old Y on Jan 26, 2021 at 8:34:14am
Message modified by The Old Y on Jan 26, 2021 at 8:46:19am
The Old Y
Bio page
The Old Y
Joined
Apr 4, 2005
Last login
Mar 28, 2024
Total posts
13,203 (179 FO)
Messages
Author
Time

Posting on CougarBoard

In order to post, you will need to either sign up or log in.