Yeah, but there's one moment where she clearly implies that it's Reddit manipulating the market but then is quick to correct herself to say that it's both sides. Then she ignores answering the actual question, when in reality social media is important. Then wears her little tinhat and says that the hedge funds (yeah, ok) have changed sides, and on the manipulator side (which would be Reddit.)
She clearly has no clue what she's talking about either because at one point she calls 'Gamestop' - GameStock.
No, dummie. Robinhood and the hedge funds are the ones manipulating the market. When they restricted users to buy GME, AMC and other "meme stocks" but allowed them to sell, it immediately caused a dip up from around 350 to 150, and the available amount of shares were up as the users dumped them back into the market, so the short betters could buy them back in and cut their losses. They were colluding to create this impression that the bubble is bust, you stupid unwashed masses better get out before you lose everything. However, the last time I checked, the price went back up as the hedge funds started to buy in.
Limiting their involvement in a market manipulation scheme isn't the same as manipulating the market. Right now GME is a massive pump and dump. People think they are fighting a war by somehow being willing to give money to their "enemies". It's doesn't even make since. Do you want to know who is benefitting the most? Look at the institutional ownership of GME on Yahoo Finance. That's how much GME hedgefunds own. People aren't investing in Melvin capital to save them, they are investing because they know they will make a killing. Melvin most would have had far out calls to cover their shorts anyway and they have certainly been selling puts to offset any costs. They claim they covered at a 100% loss, so what does that even mean? In shorting that doesn't really make sense because if they shorted at $10 then they covered at $20 for a 100% loss.
Yeah, but there's one moment where she clearly implies that it's Reddit manipulating the market but then is quick to correct herself to say that it's both sides. Then she ignores answering the actual question, when in reality social media is important. Then wears her little tinhat and says that the hedge funds (yeah, ok) have changed sides, and on the manipulator side (which would be Reddit.)
She clearly has no clue what she's talking about either because at one point she calls 'Gamestop' - GameStock.
Reddit is manipulating the market though, trying to create a short squeeze on purpose is illegal. Its explicitly stated that it is illegal.
No, dummie. Robinhood and the hedge funds are the ones manipulating the market. When they restricted users to buy GME, AMC and other "meme stocks" but allowed them to sell, it immediately caused a dip up from around 350 to 150, and the available amount of shares were up as the users dumped them back into the market, so the short betters could buy them back in and cut their losses. They were colluding to create this impression that the bubble is bust, you stupid unwashed masses better get out before you lose everything. However, the last time I checked, the price went back up as the hedge funds started to buy in.
Limiting their involvement in a market manipulation scheme isn't the same as manipulating the market. Right now GME is a massive pump and dump. People think they are fighting a war by somehow being willing to give money to their "enemies". It's doesn't even make since. Do you want to know who is benefitting the most? Look at the institutional ownership of GME on Yahoo Finance. That's how much GME hedgefunds own. People aren't investing in Melvin capital to save them, they are investing because they know they will make a killing. Melvin most would have had far out calls to cover their shorts anyway and they have certainly been selling puts to offset any costs. They claim they covered at a 100% loss, so what does that even mean? In shorting that doesn't really make sense because if they shorted at $10 then they covered at $20 for a 100% loss.