Oh wow I think I just realized what happened today. These nikkas are playing dirty
Correct me if I'm wrong, but to short a stock is to buy it at its current price with the expectation that the stock price will decrease. This decrease would net you a profit once you sell it back, right?
So essentially, let say you bought gme at close yesterday which was 47. If you shorted the stock at, depending on the price point you selected, you would be up 40% today.
So essentially, every halt, which drives the price down, is a gimme to the short position, which is largely held by the large fund managers? On top of every price decrease allowing short positions that took heavy losses this past month to get out with large but bearable losses?
Do I have that right?