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SkinnyPupp · 01-29-2021, 04:05 PM

I think it mostly comes down to how many of the people holding GME are "true believers". If it's enough, it can work. A famous (I guess?) Chinese billionaire said he'd buy $10 million worth but I doubt his motives. Who knows though

Because the hedge funds shorted around 150% of the stocks that exist, it will actually take fewer of these "true believers" than it would if they were just a tiny bit less greedy.

01-29-2021, 04:05 PM	#11054
SkinnyPupp Hacked RS to become a mod Join Date: Feb 2002 Location: Sunny Hong Kong Posts: 55,113 Thanked 25,916 Times in 9,108 Posts Failed 1,574 Times in 720 Posts Member's Picture Albums	I think it mostly comes down to how many of the people holding GME are "true believers". If it's enough, it can work. A famous (I guess?) Chinese billionaire said he'd buy $10 million worth but I doubt his motives. Who knows though Because the hedge funds shorted around 150% of the stocks that exist, it will actually take fewer of these "true believers" than it would if they were just a tiny bit less greedy.