Gamestop trading
Last week surprised nearly everyone... because it was unprecedented. Mass “meme stock” buying campaigns significantly increased collateral deposit requirements on those stocks, which led to industry-wide trading restrictions... on those stocks. And retail investing reached a new level of social relevance. As the “mainstreamification” of investing continues, the “plumbing” powering the system will become more and more relevant to individual investors, too.
- Buying platforms of investor stock remove buy ability on a stock that is up 300% in the day, allowing the price to plummet 200%.
Apparently removing the buy options on a stock, thats already verified to have received even more shorts than what was shorted before this started has been manipulated by the BIG BOYS to allow their hedge funds to continue to short GME while removing buyers ability to continue purchasing the stock.
TOO BIG TO FAIL hedge funds double down on manipulated stock price with shorts on its $343 price, knowing no one is able to keep purchasing the stock and will eventually reverse their 17B in losses into record gains.
The short squeeze hasn't happened yet. if buyers were to keep buying GME and hitting $1000, the losses on the hedge funds would quadruple, hitting 70 billion in losses, collapsing all financial hedge funds who have any interest in GME stock.
GME still shorted 140% of its outstanding shares.
Anyone care to chip in on how unethical it is to artificially reduce the stock price, buy removing the regular retail investor a chance to buy the stock.