THIS IS WHY we know they didn't cover in 2021. And why they didn't cover now. And why they've now just shorted even more.

🗣 Discussion / Question

Shorts have the same mentality now as they did in 2021. Why cover when the price is high? They know in a few days they can just kick the can by walking the price down using the 100's of manipulation tactics available to them and hope GME goes bankrupt.

If their mentality then was 'just wait and it'll go back down, no need to cover and get squeezed'...Why would it be any different now?

This ends only when GME is profitable enough to issue quarterly cash dividends. Then every naked obligation they've created must receive that cash dividend. And this will happen soon.

In other news, I fully expect Citadel to be in the news soon because they must borrow even more money now. Whenever they manipulate GME like this, it costs them money. Survive another day. And whenever a short seller does cover, the short bags, over time, gather towards the single party that provides them these shares (infinite liquidity). That is Citadel in this case. Everytime a huge buy order comes in (even a small short covering)...Citadel steps in to fulfil their orders so the price doesn't shoot upwards.

Posted May 16, 2024, 10:08 PM UTC

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