Quote (Kimiko_tan @ Apr 6 2021 11:08am)
The other week, Gamestop came out saying SI is above 100% even tho its claimed to be at 10%. They reduced the number of shares they are willing to sell and it was announced by the media as if that was a reason for you to sell. Everytime big news comes out, the media publishes a story before the news comes out. It's all lies trying to drop the price. Eventually, they will get margin called, til then I wait.
essentially you're wagering that the hands of average people will remain diamond through any storm, and even if there is immense shorting pressure in which billionaires/millionaires can ping pong shares back and forth to themselves at the bid price to lower the value, you still believe that wont cause bearish behavior (those same average people getting scared and selling)
even if we assume that the average joe is thinking just like you and will remain diamond, there still needs to be buying pressure at the current price level to counter any selling pressure. it's not just as simple as short interest and time