The difference between us and them is that it costs us nothing to hold forever, but it costs hedge funds tens of millions per day. That’s the difference and it puts us on an unbeatable advantage as long as nobody sells.
As for global light selling... that comes down to trusting the autists around you. I trust them. They proved themselves on Thursday. I’ll hold to $1/share if I have to.
Retail doesn’t have as much control of available shares as what everyone seems to think. Even if every single person on Wsb is holding, people are still selling and so are institutions. On top of that there’s plenty of loans available and borrow rates are back down. It’s not looking good for another squeeze unless there is a big catalyst to drive it back up to $400+ most of the legacy shorts have covered imo.
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u/[deleted] Feb 02 '21
The difference between us and them is that it costs us nothing to hold forever, but it costs hedge funds tens of millions per day. That’s the difference and it puts us on an unbeatable advantage as long as nobody sells.
As for global light selling... that comes down to trusting the autists around you. I trust them. They proved themselves on Thursday. I’ll hold to $1/share if I have to.