But it’s a highly shorted stock and a lot of people jumped on it after GME took off. I don’t think it can go as high as GME but I believe it will go much higher than the $8 it’s at now. Hedge funds are watching GME carefully and they don’t want to be the next Melvin. They will likely cover the losses much sooner and start a squeeze faster with less of an impact than GME is seeing. I’ve got interest in AMC right now so TTFWIW.

The general sentiment by people that it’s a losing bet can be considered good for people betting on higher prices. Those who are bearish are going to be shorting which creates a potentially bigger squeeze. GME saw this today when short interest was announced higher than last reporting. It’s just exacerbating the problems for the bears.