I don’t really understand how the price has dropped so much but they’re still 120% shorted....? I don’t know anything about stocks though, I only bought GME to fuck with the hedge funds
Apparently the hedgies sell the stock amongst themselves to make it look like people are selling lower and lower sell massive quantities to each other for $100 then sell back for $90 etc with thousands of shares it makes it appear as though the price is falling. They are hoping to scare redditors into giving up their tendies. BUT the reddit boys mostly bought in at like $17 so they still have not lost! It should shoot back up after their manipulation wears thin...... should
I don’t really understand how the price has dropped so much but they’re still 120% shorted....? I don’t know anything about stocks though, I only bought GME to fuck with the hedge funds
Apparently the hedgies sell the stock amongst themselves to make it look like people are selling lower and lower sell massive quantities to each other for $100 then sell back for $90 etc with thousands of shares it makes it appear as though the price is falling. They are hoping to scare redditors into giving up their tendies. BUT the reddit boys mostly bought in at like $17 so they still have not lost! It should shoot back up after their manipulation wears thin...... should