So much for diamond hands.
The whole diamond hands was aimed at trapping the first round of shorters. -Those slobs who shorted 140% of GME’s float when it’s price was under $20! Once those shorts covered and exited it was all over. New shorts took their place in the $300 range but it’s basically impossible to make money off of a $300 short position on a $10 stock. The math ain’t there.
Some WSB Reddit ‘Retards’ honestly believed they could push it above $300 and keep it there to squeeze the new shorts but they were deluding themselves. They had no other choice though due to Robinhood freezing their GWE trades to let the hedge funds cover/exit the bear trap.
At least Portnoy stayed with it until after Robinhood S@#@#$@-ed him. Criminal really. He’s got serious creds now. He ain’t going anywhere and has a more loyal following.