Listen up retards: it is mathematically impossible for shorts to be covered by now. If it was possible to cover like that do you think short squeezes would EVER happen?
Itâs simple. Letâs use the worst possible numbers here.
Jan 15 226% of the 51 million floating shares were shorted. 51 million x 2.26 = 115.26 million shares. Letâs say they shorted the shares at $5. They borrowed at least 576 million dollars worth of stock to do that. Over half a billion just to set up this short.
Now people are saying they covered by shorting at 300, 400, 500. Ok, letâs say they covered at 300. Youâre telling me Melvin was able to come up with 300 x 115.26 = 34.5 billion dollars loan to cover their massive fuck up? Even if they covered HALF the shorts at 100 per share weâre still talking about 5.75 BILLION US DOLLARS JUST TO COVER THEIR ORIGINAL FUCK UP and they wouldâve had to fabricate THREE TIMES as many FAKE shares as they did in the first place. Remember 226% short over float? It would have to be 452% now to cover.
Hold your fucking shares.
Edit: I am not a financial advisor and this post does not constitute financial advice. I used my cell phone calculator to do this math.
Edit 2: I know I shouldnât be surprised you retards donât understand simple math but let me try to explain this to you: if I short a stock at $5 and it goes to $100, I owe $95 to the lender. If I short again at $100 and it drops to $5, I made $95. My net gain is a big fat fucking ZERO . If I short again at $100 and it goes to $50 my net is 50-95= -$45 Not to mention the interest rate on that short position, which if Iâm getting for less than inflation means the lender is paying me to borrow money.
Please get your head out of your ass. if it were possible to cover a short squeeze then a short squeeze would never ever happen. The reason short squeezes happen is BECAUSE THEY CANT COVER.
Salsawood-reddit
Eg er alt for dÄrlig i matte til Ä verifisere dette, men slakt taes med takk