540 Down $1,800 on GME - STILL FKING HOLDING posted 71 days ago by Speechify 71 days ago by Speechify +540 / -0 28 comments share 28 comments share save hide report block hide child comments Comments (28) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 28 ▼ – ChuckedBeef 28 points 71 days ago +28 / -0 It seems these hedge funds have the power to deflate or inflate the value of any stock they want at any time. permalink save report block reply ▲ 25 ▼ – Speechify [S] 25 points 71 days ago +25 / -0 they're just selling it back and forth with each other to drive it down. permalink parent save report block reply ▲ 15 ▼ – nanowerx 15 points 71 days ago +15 / -0 As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days permalink parent save report block reply
It seems these hedge funds have the power to deflate or inflate the value of any stock they want at any time.
they're just selling it back and forth with each other to drive it down.
As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days