Really a time to short this stock
They won’t sell until it hits 1000 a share.
Really a time to short this stock
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On one level, I suspect your right because it is so overpriced at $325 and it of course will eventually come down. However, here’s the problem... Shorting a stock requires an account with a certain amount of margin......the standard margin requirement being about 150%. This means that one has to come up with 50% of the proceeds that would accrue from shorting a stock. It’s a lot cheaper to short a $5 stock than a $325 one.
It gets better.... the reason GameStop was targeted was because it was noticed by the WSB crew just how much of the float of GameStop was being shorted. What do you think that this same crew would do if they see that they are shorting at the current price of $325?