These stories of GME remind me of something else.
(media.greatawakening.win)
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I call BS on the MSM spin that this short squeeze is due to oddlot Robinhood trading. No way! This is an attack on MUCH larger scale. It requires a lot more to squeeze this many positions. GME, BBBY, NOK, etc. etc. I am not discounting the power of the small guys banding together and piling on but the catalyst for this squeeze originated from somewhere else.
ohhh interesting. Can you elaborate? Is this affecting other companies? Who do you think is behind this?
Motive and who is behind it is above my pay grade. It will create a liquidity crisis as margin calls require cash. There will be forced sellers of high quality positions to cover. The severity is yet to be determined but it looks really ugly. Ugly forced selling of quality positions is music to a rational investors ears.
So do you see the stock being maxed out or can the ride go on for awhile as little guys pile on?
Banks closed President Trumps accounts therefore he had a considerable amount of cash available. Possibly he invested 20 or 30 million on a short term bet. No longer in office there are no restrictions on his investments and no reason to report them. Good way to replenish his coffers.