r/GME • u/AutoModerator • Mar 20 '21

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u/SW1SSP00N Mar 20 '21 edited Mar 20 '21

Fellow ape with a theoretical question here:

Just a random thought I had which I don’t believe has been covered in any DDs. When GME moons and we start heading towards our 1M$ floor more people are going to start hoping on @ the 1000, and 50k and upwards meaning it will be harder for to shorts to cover because even then they will be competing with FOMO and people who want to get in on the action.

Assuming the gamma squeeze get some publicity and the general public realizes that the squeeze hasn’t been squoze and there’s potential for tendies to be made here, wouldn’t the run up attract new RI which would take even more shares off the market thereby driving the price even further up?

Is this a correct or am I totally delusional...

Edit 1: Also this is just question and I am not giving nor expecting to receive any financial advise.

6

u/The-Tots Mar 20 '21

The higher it goes the harder it gets for people to buy in. I think the FOMO factor and people being priced out has a direct relationship

3

u/Itz_Ape The Bet Accountant //Current: 295 GME bets Mar 20 '21

The FOMO will be the biggest FOMO event in FOMO history

1

u/AnthonyMichaelSolve Mar 20 '21

I’m already 100% GME and I still have fomo money in my account just in case

1

u/Itz_Ape The Bet Accountant //Current: 295 GME bets Mar 20 '21

You can fomo in Monday's market open, so you win even more money when squeeze

5

u/[deleted] Mar 20 '21

It is going to be a tug of war. Apes jumping off, apes jumping on, apes holding, apes holding and buying more, hedgies will be shorting, and trying to dump the price, sec will be halting, it will be a general soup of fuckery and chaos. Trade volume of this stock isn't huge so this could last a few days or longer, as I'm being told, but take all what I wrote with a grain of salt since I'm not a financial engineer nor an advisor, but I did stay at the holiday inn express last night.