No. Read about short selling and short squeezes. I
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Posted On: 02/01/2021 10:40:38 AM
No. Read about short selling and short squeezes. It works opposite your question. What we just saw with GameStop is what you see when "shorts get scared". https://www.cnbc.com/2021/02/01/gamestop-shar...ruary.html
After the pump and the frenzied covering by those with short positions, the stock will come crashing back down since the inflated pps is NOT supported by true shareholder value, the "pumpers" will take profits, and the shorters will short the stock again to try and recoup losses from the pump attack.
After the pump and the frenzied covering by those with short positions, the stock will come crashing back down since the inflated pps is NOT supported by true shareholder value, the "pumpers" will take profits, and the shorters will short the stock again to try and recoup losses from the pump attack.
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