RE: Qube reduced5 Jul 2025 09:54
@wookiemonster, someone who borrows something can always decide to not meet their liabilities - but that would leave them open to legal action and being wound up if a business or bankruptcy if an individual, it would leave the lenders of the asset(s) out of pocket as they wouldn't have them anymore (which could cause some really interesting conversations for whomever thought they owned them) and a very public legal bust-up. And it would threaten the whole concept as who would lend in future?
I'm with you on the whole "feels like people want a Gamestop scenario" and think it unlikely (ultimately that was an elaborate pump and dump taking advantage of the company being shorted by more than 100% of the shares) - just nothing like that scenario. However, buying pressure would increase the share price and as myoung and I were discussing a few days ago, if the breakout continues and the resistance at roughly £1.20 falls, then there is a gap straight to £1.50 and very little resistance to a weak hold at £2 and on up to £3+, it is those technical markers that are the indicators, not hyperbole about a short squeeze.
I'm not a technical expert by any means but I trust myoung's insights and I can see these signs in the charts. None of them is a predictor of what will happen, they are just ways of assessing probabilities of something happening and at the moment the odds are looking favourable.