I posted the official response from Discord in a previous post, but this is freaking those stocks afterhours... no telling what's going to happen to them by tomorrow. They could be down to $5 or up to $500. LOL.
What's interesting is that UVXY has actually come down a bit afterhours. Of course the WSB stocks are a small portion of the market, but ... I'm still interested in seeing what the rest of the market does for the next few days. I really don't care about what happens to the WSB stocks - more power to them - but I don't want the effects to bleed over into the "real" stocks. lol.
I'm a huge novice to this, and recognize I don't see all the angles. But it seems to me there has got to be more companies that these hedge funds shorted than just Gamestop and that even though they recognize the risk, they can't just pull out of the stocks they already shorted meaning their is more opportunity if WSB mob gets behind these other stocks.... Tell me what I'm missing...
Well, I heard that both Melvin and Citron have been out of GME for a day or so, I think. Melvin had to borrow money to stay solvent from Citadel and others. It also depends on how much of a short position they have in other stocks. The GME short position was massive. I'm still trying to figure out why the subreddit went private.
