rofl. Wake me up when the farm is lost and you gotta move back in with mom. Take some of that money you supposedly have and get a maid, hoarder.
Aren't you worried that you will be forced to buy back when those shares are recalled. How much time do you have?
I just checked and for shorting GME, IB requires 300% initial margin with 80% maintenance, and they seem to have more than 1mil shares available. The fee sits at about 1%. Did they impose some kind of restrictions yesterday?
imo this tanks hard by the next close. everyone knows this crap isn't worth $100, and all the bagholders from the previous pump can not miss this opportunity to sell
Borrowing shares, your risk to the upside is unlimited. Just like Point 72 and Citadel hedge funds did with shorting GME and AMC before. That was a colossal mistake. If you want to short a stock, you buy a put option. Your risk is limited to the cost of the premium and not a penny more on a worst case scenario. In this case, you stand to lose quite a bit of monies as GME stock runs up in price. You could be facing margin calls and the broker could just close the trade because they are not going to eat the losses.