What’s going on with the GME stock going up again?

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by bramzero

Answer: What happened last year was actually not a short squeeze, but FOMO buying pressure, as confirmed by the report released by the SEC


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Many have been speculationg that shorts never closed their position, they’ve been using illegal methods/loopholes like “covering” their shorts with synthetic long shares generated from the use of options.

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GME is going up again due to the news surrounding their NFT marketplace and the fact that more than 125 000 GME holders have directly registered more than 10 million GME shares (and still growing) under their names through the GME transfer agent Computershare, these shares are out of DTCC/brokers therefore locked away from the short sellers.

See also  $29 billion deposited to commercial banks in the last week (May 10th-17th). $1,006 billion in deposits has been pulled since the all time hit 4/13/22. Since the run picked up momentum 2/22/2023, $538 billion in deposits have been pulled. A transitory break before accelerating again?



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