I don’t have a problem with the shorts getting crushed. I just hate to see some less sophisticated guy buy thinking it will keep going up. When this is over it will plummet.
That’s easy, you have your brokerage put a stop on it. When it reaches a certain point, it gives a sell order and you’re out. I’d say most people aren’t in it for the money, they just like watching the shorts getting hoisted by their own petard. If they break even they’re happy and have something to tell their grandkids.
“When this is over it will plummet.”
Yep. There’s many that got burned selling short, but there are always others that say “now is the time”.
You don’t have to buy much to join the party. A share or two won’t cost you much. Or wouldn’t have. It’s already at $209 after hours.
The wallstreetbets ‘tards have a target price of $420.69 and they may well hit it. Two more hedge funds are helping their short pal Melvin Capital stay solvent but the Joes are hanging tough and not breaking ranks. An epic battle. A better show than the Superbowl.