10 upvotes, 0 direct replies (showing 0)
yes and no
First there will be a surge of people who borrowed shares and immediately sold them. They need to return the shares they bought. There will be a MASSIVE price hike for less than 24 hours while these guys liquidate their grandmothers purses to pay back every last stock they shorted.
Once thats done, then yes the chain reaction has started and the price will tank like nobodys business.
There's nothing here!