Loading ...Of course I had read about the GME short squeeze and found some entertainment in it. But now that one of my bigger positions is caught up in it (AG) I have had to seriously think about it.
What is the exit plan? Perhaps some small accounts don’t care if they are blown up. But the others? Eventually the buying will stock and then no regular investor will buy. How long until someone starts for the door. It could get very ugly very quickly.
I suspect the hedge funds simply obtained money to cover their margin calls but held their shorts perhaps even adding seeing the train wreck coming.
This has to potential to destroy AG as something I want to be involved with for a long time.
Tell me it ain’t so?
aurum