Leavingtheecstasy
All Star
They have admitted they've gone on to look at message boards and reddit. They know damn well people are not selling at 70-100Agreed.
I think it's just a number to them...almost a psychological barrier they're setting up. They don't realize that we won't sell at $70, $100 etc.
It's possible they "might" believe that if the price gets into the $70-ish range that FOMO takes over and then things might get out of hand.
They know for a fact if they start covering they are fukked worse than any one in the market is getting fukked. People post on there everyday they ain't selling till 500k (now it's 700k) with thousands of upvotes.
People are not fukking selling at 100, 200, or 500
It's 10k at the very least.
Citadel and Melvin and everyone else shorting knows it's the end of their business the day they get margin called. So they're gonna operate like this until they get someone to save them or they get margin called