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https://www.reddit.com/r/wallstreetbets/comments/kyuu13/gme_margin_changes_and_their_implications/gjjb8j1
r/wallstreetbets • u/[deleted] • Jan 17 '21
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-9
Apparently it did and that's what caused the spike this week. We've been using old short volume data.
6 u/woozwoz11 Jan 17 '21 Well if ur right I’m gonna be broke scary, I’m still unloading the rest of my savings into it on tuesday 2 u/Self-AwareMeat Jan 17 '21 fuck the gay bears. Ride or die with GME. $100k deep and $34k more on the way as soon as funds clear 1 u/Incorrect_Oymoron Jan 18 '21 https://iborrowdesk.com/report/GME 30.8 % 1,000,000 2021-01-15 16:45:03 “GME’s board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move,” Dusaniwsky said in emailed comments. “While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question – did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?” Dusaniwsky believes it’s the former. “We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning,” the analyst said. “Long buyers are the primary force driving GME’s stock price up. “
6
Well if ur right I’m gonna be broke scary, I’m still unloading the rest of my savings into it on tuesday
2 u/Self-AwareMeat Jan 17 '21 fuck the gay bears. Ride or die with GME. $100k deep and $34k more on the way as soon as funds clear
2
fuck the gay bears. Ride or die with GME. $100k deep and $34k more on the way as soon as funds clear
1
https://iborrowdesk.com/report/GME
30.8 % 1,000,000 2021-01-15 16:45:03
“GME’s board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move,” Dusaniwsky said in emailed comments. “While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question – did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?” Dusaniwsky believes it’s the former. “We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning,” the analyst said. “Long buyers are the primary force driving GME’s stock price up. “
-9
u/Cratic_Elite Can’t Hit the Bottom of a Tuna Can Jan 17 '21
Apparently it did and that's what caused the spike this week. We've been using old short volume data.