Alright fellow Monkeys listen here. I found a great quote on nasdaq.com that summarizes how fucked the shorts are going to be.
"Here’s An Example Of How To Short A Stock
For example, let’s say ABC stock is currently trading at $10. After doing your research and due diligence (DD) you think that ABC stock could fall to $5 a share. You will then contact your broker, and your broker will lend you shares of ABC stock that you will then sell in the open market. In this example, let’s say you short 10 shares of stock.
So, after selling those 10 borrowed shares of stock, you now have net positive $100 cash in your account. Next, ABC stock drops to $5 a share the following week. You will then do what’s called “cover your short position” by buying the stock back. In this case, you buy back at $5. Lastly, you will pay your lender back the shares you borrowed and profit the difference. So with 10 shares as the example, you, as the investor, would profit $50 shorting ABC stock from $10 to $5 a share.
It’s crucial to note that, despite some investors having made their fortunes by short selling, it’s considered a high-risk investment strategy. The reason being is because short selling has infinite risk. In simpler terms, the amount you can lose by shorting a stock is unlimited."
What we are seeing today is the HFs trying lower the price of GME in order to scare retail investors. They squeeze has not been squoze.
(insert a lot of rocket emojis, diamond hands and all that.)
I am a degenerate and this is no investment advice. Do your own DD and don't spam me. I increased my GME position today at 80$. But what do I know? I just buy GME and today it was cheeper than yesterday.
EDIT 1: If you want to check my source feel free! According to nasdaq.com the two most shorted stocks to watch are #1 GME and #2 AMC.
Apes together stronk!