This week was definitely International Fry the Shorts Week. The companies that shorted GmE and the other recent rockets no doubt had to close some of their other short positions to meet margin calls. Haha. So many heavily shorted stocks are profiting. Anyway, that’s my sense of what’s happening. Now that many have covered, the stocks are falling back along with the rest of the market!
GME is like Wiley Coyote, he’s run off the end of a cliff and is now suspended over a chasm... waiting for gravity to take effect!
Nice to see some shorts get fried fur a change. But some of those Robinhooders...