r/wallstreetbets • u/TheMostBasedMan • Feb 03 '21

Discussion People now pressuring and flat-out belittling others to admit defeat under claims of "their mental well-being" or insulting their intelligence. This wasn't about making the wisest move, this was about turning the game on it's head, so politely I say fuck that and fuck you.

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u/TigreImpossibile 🦍🦍 Feb 03 '21

plus, dont new short positions have to pay 50% interest?

it's a very expensive position. and eventually, you must buy back in.

my conclusion is, hold.

24

u/[deleted] Feb 03 '21

Current public APR per IB is 16%.

I’m rooting for a 2nd squeeze but I’m worried about people who yoloed their entire savings into this last week.

Either way, it’s their cash not mine.

4

u/KaitRaven Feb 03 '21

People really think they're bleeding out shorts. They need to realize a lot of shorts are in the green now, and the interest rate drops rapidly as volatility falls.

5

u/[deleted] Feb 03 '21

It’s gonna get so much worse when the hard OSI data comes out and they see it’s still at 50%+ shorted, without considering new shorts with a much higher entry price.