these guys are holding firm...they will not sell...now its going global, LTFO...
The hedge funds should just take the “loss” and target another stock for shorting. They shouldn’t ask for more regulation of stock trading.
Some of them are getting killed though. GME went to 520 pre-market and just hit 120 (!) an hour ago. I hope these kids didn't trade with margin.
I had my fun but got out fast:
AMC
Bought 5.07. Sold 20.20, 24.91 (now 9.59)
KOSS
Bought 12, 14.50. Sold 36, 50.25 (went to 140, now 37)
If I understand correctly, if the Reddit buyers all stick together and refuse to sell, the hedge fund guys are screwed as they need to return all those shares they "borrowed" or face a margin call - which they evidently cannot afford.