Let me explain one more time for everyone. This stock is in a infinite short/gamma squeeze with no way out until you get enough sellers at a certain price. It's a loop that only occurs once in a lifetime, and after this new guidelines will be written. So follow along. there is a float of 47 million shares. Cohen bought 13% and had the option of 20% which the float hasn't been adjusted. so lets say he owns 14 million shares because shares outstanding 70 million. Ok so the float is 34 million and this is the number to base everything off. The total shares short when last listed were 70 million. Then you have 2 million CALLS deep IN THE MONEY this is important. The 2 million CALLS represent 200 million shares and if the float is only 34 million then the CALL sellers are net short 166 million followed by the other 70 million shares which gets you at 236 million shares net short. So it's like a spring coil every time the stock goes up the CALL sellers need to delta hedge or buy shares to off set their CALLS, but they can't because really only 34 million available shares. So the stock goes up, CALL buyers buy even more shares, shorts cover some because price rockets. Then the price goes really high the longs decide to sell to lock in some gains causing the stock to go back down, but then when it drops the shorts start covering more causing it to go back up and the CALL Sellers are still way off on the delta hedge. This spring is in a infinite loop causing it to go higher and higher. The only way out because there is not enough shares to buy, is for the price to rise to such a level that people sell in mass. This won't stop until 3 things happen, and all three will cause the price so much higher than right now. 1st they can't short this and they need to cover in mass. 2nd they need to buy back these CALLS in mass and I mean maybe 200K total CALLS outstanding. 3rd they need to drop the short float to like 10-12 million or 30% or below. Lastly they need so many sellers and I mean like millions of people selling. The only way this stops is if everything comes to fruition, but the price is going to be SO much higher than now for these to happen. Gamestop could spit in everyone face when they walk in the door and it's won't matter because this stock is stuck in this insane loop
https://finance.yahoo.com/quote/GME/community