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I mean just looking at the trade volumes it seems pretty clear that Robinhood and other retail brokers killed it as opposed to it playing out naturally.
The WSB plan would have worked just fine according to the rules of the game, their mistake was not realizing that the rules can change at pretty much anytime.
The WSB plan would have worked just fine according to the rules of the game, their mistake was not realizing that the rules can change at pretty much anytime.
This is the funniest part to me. Like, WSB has the numbers advantage in just random people willing to play for memes, but that’s got nothing on being able to take Robinhood’s CEO out to lunch and telling them to shut down trading.
Wall Street’s a big ol’ club, and WSB wasn’t part of it.
The proffered justification is that Robinhood is on the hook to have a certain percentages of the value of the users investments off to the side in a big bucket separate from user money, and when millions of new users sign up to buy a meme stock that is growing unboundedly, having that much money in the other bucket became problematic.
You bought your last stonk, kid. Sorry you got mixed up in this scene. From where your posting it must seem like an 18 Dogecoin run of bad luck. Truth is…gme was rigged from the start
just playing devil’s advocate here, but isn’t it possible they’ve closed their troublesome shorts last week and any high short-interest is from opening new shorts in the $300+ range?
Volume wasn’t high enough to support that.
https://www.nasdaq.com/market-activity/stocks/gme/historical
They may have gotten out from under some of those shorts during the big dips, such as when trading was halted by RH and others on Thursday and the price went down to 132, but they were still bleeding out of their eyes to make that happen if they bought all their shorts back when the price was under $20 a share.
Your own link has historical volume average <10 million daily except for the days where le epic redditors were buying like crazy (after the shorts were made).
What the fuck are you talking about.
Imagine coping this hard.
The volume isn’t low, it’s fucking high, stop reading WSB for DD.
The hedge funds have been doing weird and probably illegal shit
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No.
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Even if they were, what the fuck do you think is gonna happen? The answer? Nothing.
House always wins and anyone who thought anything else was on pure unfiltered :cope:
I can’t even derive schadenfreude from this. As annoying as the redditors are, them getting a leg over some hedge fund ghouls would’ve been infinitely funnier and preferrable.
