| Comment | We saw no squeeze, so I'm 99% sure a deal has been done and this is already settled, so I don't think you're far off.
My thesis based on today's activity (or lack of it) is that GME is waiting for year end on Sunday, then on Monday pre-trading it will announce a new share release which will settle the shorts and create a new price of somewhere around $150.
The shorts cut their losses to a manageable level, Gamestop becomes a $10bn company that can go out and make huge acquisitions, most of r/wsb does pretty well overall, and the only ones left out are the folks who bought in the last 3 days.
I got out today at a small profit, I don't believe the squeeze is going to happen now. |
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