Big short squeeze, page-91

Want to credit@Psalty with this from the NEA forum. Would be great to see Z1P take on the shorters. Fighting fire with fire.

"I see the latest craze on Wall Street is to "Bust the Shorts", am looking forward to this happening on the ASX.

Extract from James Cramer of The Street.com yesterday:

"There's a site I have mentioned, WallStreetBets, and there is a community of lots of people who are choosing individual stocks and running with them. They don't target any stocks. They target stocks that are heavily shorted. They come up with a thesis - all on display - and then run them and run them until the hedge funds that are short the stocks have to cover them less they go bankrupt.

I have been in these situations several times. The only thing the short-seller can do when you are targeted - and I was targeted several times because it leaked out what I was shorting - is to throw in the towel and cover your short. You can see the battle in GameStop, where the shorts believe the company is worthless and the longs think it is going to the moon and, as I said with my short-selling efforts, the gunners have it.

The WallStreetBets crowd easily access the short positions. GameStop was ludicrously shorted. More than 148% of the stock was sold short, which is insane. The shorts just didn't understand the power of what can happen when the longs gang up.

We saw the same thing happen today in the stocks of B&G Foods (BGS) and Bed Bath & Beyond (BBBY) which have short positions of 36% and 67% of the float, respectively. My advice to the shorts?

You don't know who WallStreetBets will target next."https://realmoney.thestreet.com/jim-cramer/jim-cramer-this-is-a-market-of-stocks-not-a-stock-market-15547532