Is it possible the people behind the scenes to just decide gme stock is worth $3.00 and drop it down to that? Kinda like fake ballot dumps and dominion and not allowed to see the wizard of oz behind the curtain and no court will touch it.
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No, because too many retards have diamond hands. As long as we hold, stock prices will not drop. Problem is too many are selling, that's why it's dropping. But if we keep buying the dip, prices will bounce back up.
market maker determines price. my guess is too many WSBETS weak hands are bailing to cash in, driving it down.
This is the data that I have on institutional and fund owners of $GME.
They report this information quarterly, so it's a bit delayed and there's no doubt that this has changed drastically. But it gives you an idea of how much can be owned by one of these groups. Theoretically, if Blackrock and Vanguard alone conspired, $GME would crater. But I doubt they hold anywhere near this much anymore given the short interest on the company and the volatility we've experienced. So I suspect $GME's ownership is now way more fractured and decentralized. But theoretically, yes, one hedge alone can come close to crashing a stock by dumping their assets. Normally though, they drop it a little at a time.
Wall Street's only currency is trust. Once they lose that, they're dead. People and trust and money are on very short leashes. The whole world is watching them all very closely right now. If WS starts getting squiggly, they'd only be shooting themselves in the foot.