When there were $10.00 shares everyone was looking
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When there were $10.00 shares everyone was looking for $8.00. I suspect that $10.00 would seem very cheap now but none the less it's always better to get shares at the lowest price you can. Of course the problem with that is for now it appears as if there are none less than the ask. Will the ask come down ? Hard to say. Will the bids go up ? Well if you were trying to buy shares from someone you could offer more and see if they will sell. That's what this part is all about. Those who score shares are the real winners here.
When the real time for selling comes there will be shares available but I'm afraid you will not believe the price they will go for then.
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There is no limit to the loss of someone has been caught in a short squeeze.