Years of experience and my crystal ball.
Several news outlets have reported that HF have lost several billion $$ shorting the meme stocks. They had AMC on the ropes and planned to short them into bankruptcy, like they successfully did with several other failing corporate entities.
The difference here is the Apes stepped in and drove the price up, and the HF (which are now trapped) kept shorting, believing they had more ammo and willpower. They were wrong, which is why they have lost billions $$ shorting it from $2-$4 or whatever low figure you want to use. The HF are underwater and it is costing them big $$.
There is no easy way out of this one. The HF are kicking the can down the road and the government has allowed this charade to go on long enough, without enforcement. Clearly, the government doesn't want disruptions in the markets, with covid and mid-term elections coming up.
Soon it will be time to pay the piper (Apes).
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