re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence

I believe the play taking place right now is the push for a major short squeeze. GME and AMC short sellers have lost over $69.42 billion dollars in the last 48 hours. In GME alone the short interest is approximately 27% of its float (the 27% is from the official FINRA numbers from April 30th which was 16 days ago).

The Options Clearing Corporation said that over 1.58 billion dollars of Gamestop are now currently on loan which was 10.56% of GME's market cap. There are reports coming out tonight that the number of GME shares borrowed is now 3.1 billion. This is important because this number exceeds the total number of shares GME has available.



The high level of short interest and the rapid increase of GME's stock price could lead to a situation where the short sellers are forced to buy back their shares to cover their positions. Here is the problem for the short sellers--GME doesn't have enough stock for them to buy and there aren't enough sellers of the stock which is why the retail investors are holding GME right now. This could very likely trigger a situation where those short sellers are now forced to pay for overinflated shares in order for them to cover their positions.

This is what took place in 2021 with GME and right now if the shorts can't get the GME stock price down significantly its going to happen again.

It is also very likely that someone major becomes insolvent too which is why you are seeing all of the trading halts on GME stock, Robinhood maintenance BS, and PR assault on the retail investors who are aware of what is actually taking place.

I haven't not looked at DJT stock but suspect it may be on a similar course as GME.