> This completely ignores the fact that the stock was shorted over 100% of float, and people knew it was going to squeeze so they bought in hoping to ride the wave. And that did in fact happen, although timing is everything.
Except the squeeze failed at $400, and short interest was still above 100% as GME dropped below $50 by my understanding.
As such, the short-interest story seems to be a weak argument for anything. Clearly, short interest > 100% is meaningless: the stock can go up, or down, no matter what its short interest is.
Except the squeeze failed at $400, and short interest was still above 100% as GME dropped below $50 by my understanding.
As such, the short-interest story seems to be a weak argument for anything. Clearly, short interest > 100% is meaningless: the stock can go up, or down, no matter what its short interest is.