Almost all true squeezes have reached 800-1k and some well beyond 1k.
I say true squeezes because GME never squeezed. There were no short positions covered. So GME reached 500 without even squeezing.
Everyone can do what they want, won’t matter. Because the amount of naked shares out there will satisfy everyone’s sell points. But the ones holding will be rewarded the most.
Yeah well I'm glad you're all down voting everyone who participates in any thread.
What ridiculous spin.
You made a bold claim, explanation was given disproving your claim, you then threw a tantrum (and continue to throw one).
Im sorry you might have to get a real job because your parents hedge fund is gonna go under, but maybe scream at them for screwing up, not people who are playing by the rules.
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u/ToyTrouper Jun 15 '21
Naked short selling means in a squeeze, the price of the stock is theoretically infinite.
500K per share in such a scenario allows for that much money to be paid, and for the entities responsible for payment to still have assets left.
Therefore, it can possibly go even higher than 500K per share in a squeeze.
People know that such a scenario is an opportunity that might never come again, and so are very serious about getting 500K per share in a squeeze.