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Thursday, January 28, 2021 9:54:12 PM
It’s a hedge fund bust party. It’s all about the hedge funds shorting 150% of float. It is a technical play/vulnerability. They realized they could create an incredible squeeze and the funds would not be able to cover if they locked up the entire float with options. Probably not all those participating understand, but that is the fundamental circumstance, plus the equity investor who is supposedly helping them covert into an online platform.
But the real reason is there are no shares that are available to cover until those with shares or options, put those shares on the market. They can short with unlimited numbers of shares, because the brokerages borrow the shares, but you can only cover with real shares.
But the real reason is there are no shares that are available to cover until those with shares or options, put those shares on the market. They can short with unlimited numbers of shares, because the brokerages borrow the shares, but you can only cover with real shares.
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