That answers my question of who is selling, but doesn't this just dig them deeper into what was causing the problem in the first place - having shorted too much stock? Do they think we'll see the price drop and suddenly sell?
That's their hope. They are pushing the price down through shorts to get people to stop holding and sell. So instead of not shorting the stock anymore they are trippling down on shorts so that they can "artificially" create selling.
You know when this whole $GME squeeze attempt was discussed a gamble by people who just like the stock? Well now the big boys are gambling that they can demoralize the holders of stock to sell.
Yea, but when they lose they get bailed out by the government at the taxpayers expense. This is, and has always been the problem with "trust", fractional reserve banking, and stonks.
The best thing average people could do would be to just abandon their rigged games, move into trust less assets like gold, silver and crypto. What else do we need? I'm sure local communities could use gold and silver coins as currency, and crypto works great for online shopping. Small businesses are more likely to accept it as well.
Yes. The point is to depress the price to depress the muh hype to da moon. As people lose focus they slowly buy back at better and better rates. They can print imaginary stocks all day and night, for that matter. They seem to dump these naked shorts at night when retail traders are asleep.
Massive amounts of naked shorts. They are selling stocks that don't exist and buy real ones to cover once the price is deflated. The game is rigged.
That answers my question of who is selling, but doesn't this just dig them deeper into what was causing the problem in the first place - having shorted too much stock? Do they think we'll see the price drop and suddenly sell?
That's their hope. They are pushing the price down through shorts to get people to stop holding and sell. So instead of not shorting the stock anymore they are trippling down on shorts so that they can "artificially" create selling.
You know when this whole $GME squeeze attempt was discussed a gamble by people who just like the stock? Well now the big boys are gambling that they can demoralize the holders of stock to sell.
I can stay retarded longer than they can stay solvent.
HOLD THE LINE
That’s exactly what they think. They are not prepared.
Yea, but when they lose they get bailed out by the government at the taxpayers expense. This is, and has always been the problem with "trust", fractional reserve banking, and stonks.
The best thing average people could do would be to just abandon their rigged games, move into trust less assets like gold, silver and crypto. What else do we need? I'm sure local communities could use gold and silver coins as currency, and crypto works great for online shopping. Small businesses are more likely to accept it as well.
Yes. The point is to depress the price to depress the muh hype to da moon. As people lose focus they slowly buy back at better and better rates. They can print imaginary stocks all day and night, for that matter. They seem to dump these naked shorts at night when retail traders are asleep.
Right. This like you and I selling your neighbors mower back and forth to one another and marking that we now each own 3 mowers.