% Short float is public information. And based on the discussions I've had online, it seems people are confused between %short float and %short outstanding.
> Everyone knew 400/share was unmaintainable.
Clearly not. My friend was buying in at that time, despite me arguing with him that he shouldn't. There's also plenty of retail-buys that occurred at $300 to $400: millions and millions of shares bought.
So plenty of people were buying at $300 and $400. That's just a fact. Retail purchases and retail volume by the way, is also public information. (Along with other indicators of volume: open interest to options for example)
% Short float is public information. And based on the discussions I've had online, it seems people are confused between %short float and %short outstanding.
> Everyone knew 400/share was unmaintainable.
Clearly not. My friend was buying in at that time, despite me arguing with him that he shouldn't. There's also plenty of retail-buys that occurred at $300 to $400: millions and millions of shares bought.
So plenty of people were buying at $300 and $400. That's just a fact. Retail purchases and retail volume by the way, is also public information. (Along with other indicators of volume: open interest to options for example)