- Aug 28, 2011
- Reaction score
The speculators who shorted are losing their a$$es as the price rises. Their only recourse is to buy it back to cover their positions, which drives the price even higher. Too many people need to buy, and the float is relatively small, which leads to ridiculous prices.Ok, so if I'm a hedge fund - or anyone - who shorted these things, I just hang on until the inevitable drop (assuming that's feasible). Or are some of these guys (hopefully not S2 ) overleveraged?
Sorry, these are probably things I can look up, but it's not my area, so I thought I would cut to the chase here. I have barely read anything about this and should....but is there any reason to believe it won't ultimately drop and whoever played the last bet will lose his ass and all the shorters will be just fine?