No, not at all. The short hedge funds are playing hot potato with the shorts but the mechanisim they are using to do it (Total Default Swaps) expire on a quarterly basis so the one holding the potato has to pay up a bit before they bring the price back down again and repeat the process.
Unless Gamestop issue an NFT dividend or the SEC changes the rules, it’s starting to look like an inifinite money machine that goes off every three months.
Having said that, the rules have been changed slightly since last time this happened three months ago. There are now hourly margin call checks and the ‘deep out of the money’ puts the short hedge funds have been using to keep things in check are running low so you never know, massive price rise could trigger a few calls and it could all go gonzo.
