Quote:
Originally Posted by vreihen16
Me thinks that the GameFlop ship has officially sailed, and the shorts are recovering all of their losses on the ride back to zero.....
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You certainly may be right. But there are still certainly external factors at play.
-Robinhood is slowly easing limits, but still has a 100 share limit on GME as of today. (Limiting any bigger purchases).
-A number of people with deeper wallets have decided to pull funds out of RH and move them to a new brokerage which can take 1-2 weeks. Those people may choose to stay out of the game based on what happens this week and next, or jump right back in now that the price is down.
-You're still seeing positive momentum today, which is a sign there's still some fight left in the game.
I'm just letting my free money ride at this point.
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