Like the famous economist John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.”
you might be right but the situation at GME is different than all the other short squeezes : there is real fundamental change on the horizon. It may or may not work but the stock should reprice from before there was that fundamental change.
It spikes again today. There are 45mm float out there. Assume we have 5mm held by passive ETFs, 5mm held by funds that for some reason is not going to sell. 1mm retails hold 10 each which is 10mm shares. Currently short interest is around 15mm shares. That leaves 10mm shares. Which means if they buy 5mm shares more this thing could go to $800 again. Honestly with the new stimulus check I don't know what will happen to this stock.