I'm not saying that - I'm saying if there is a coordinated effort to drive a shareprice 25X higher than what it is worth based upon lies and faulty assumptions spread throughout social media (e.g. "hedge funds will be forced to short cover driving this all the way up to $4000 a share). Yesterday's trading volume in GME was the lowest in 5 days - that wasn't hedge funds involuntarily covering, it was retail idiots pumping on a massive scale. Look at the afterhours trading yesterday....news leaked that WSB was locked....shares drop $100 in minutes....then at 5AM this morning zerohedge releases an article saying "short-covering hasn't even begun yet" and shares run $140 higher in 10 minutes....it's all retail getting sucked in.
Mark Cubans son was trading from wallstreetbets as well https://www.cnbc.com/2021/01/28/mark-cuban-son-traded-amc-bb-with-reddit-amid-gamestop-frenzy.html
I get it. It's the age we live in, Social Media. Just like retail day traders need to adapt to bots taking their lunch money then perhaps the big boys need to adapt to the age of the millennials taking their lunch money via social media platforms. lol. Get long instead of being short. The rules cant be changed when one of the hedgies gets hurt because they have more political, media clout than the 21 year old tapping away on their keyboard. I mean the rules can be changed as we are seeing right now with brokers restricting and the media blabbing away.
What about the people who send the last of their LIFE savings to a post office box in Jamaica fr a payment to get their whopping 50 million dollar lottery winnings from the contest they didn’t enter!!! people don’t use their head! We can’t be babysitters! people need to be a little more responsible for their own actions!