[Copypasta] GME short squeeze

Lets dumb this down for you apes: - Let's say 5 banana's currently cost 10 dollar - One ape on the market has 5 banana's - Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference. - Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed - If group of apes stay strong then price will go ๐Ÿš€๐Ÿš€๐Ÿš€
January 2021

WallStreetBets

https://www.reddit.com/r/wallstreetbets/comments/l4syrd/gme_megathread_part_2/gkqn4uc
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The Battle of Gamestop rages on.

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Anyone basing trades on technical analysis right now is a fucking tool

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bears are fuk

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