Quote:
Originally Posted by Slava
It can definitely be both and this could well be. The truth is delineating between which portion is a result of shorts scrambling to cover and which is due to the gamma squeeze is hard to know.
As far as what happens now, I have no idea. If call buying drops, you could see shares drop quickly as well, but if people keep piling in, it could roll on for longer. I can't really predict that, and this kind of thing isn't my bag. I'm fairly fundamental, so a company like Gamestop doesn't mesh with that. It doesn't mean you can't make money there and there are plenty of different ways to do things. There's no right or wrong way!
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I think its pretty likely GME will issue more shares. Either underwritten, at-the-market, or through a PIPE. They'd be crazy not to take advantage of this, imo, and issuing new stock at the current prices would be very accretive to the actual value of their business.