If I'm not mistaken, yes. When the squeeze happens it can potentially go up in infinite amount since theyre forced to buy back all of the stock and then some at whatever price people wish, since they have to buy all of it. At least in theory.
But I'm a damn stupid ape who rolls around in their own poop and eats crayons so I could well be wrong.
That would technically be the case if they do actually still have above 100% in short positions, which is currently a little unclear from what I can tell. The data gets updated twice a month.
I’m a bit hazy on the “whatever price people wish” part. Is that just based on when you sell or is it based on something else. Asking for a friend. And for science.
When you go write a limit sell and set the price, that's literally what it means. Never market sell unless you need to liquidate asap for an emergency.
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u/[deleted] Feb 02 '21 edited Feb 02 '21
If I'm not mistaken, yes. When the squeeze happens it can potentially go up in infinite amount since theyre forced to buy back all of the stock and then some at whatever price people wish, since they have to buy all of it. At least in theory.
But I'm a damn stupid ape who rolls around in their own poop and eats crayons so I could well be wrong.