The corollary seems to be that citizen and retail investors have teamed up to take on big funds. This is a classic underdog uprising tale that just cannot be passed up.
This couldn't be further from the truth.
The combined buying power of Reddit investors would be no more than 30 - 40 million dollars. Piling on some citizen investors on Robinhood, I surmise that the total investment power couldn't surpass $200 million dollars if they tried their best.
Think about it - Most people on Robin Hood only invest 10s, or hundreds of dollars, let alone thousands. Even aggressive day traders only play with $25,000 at a time. It would take a massive army of hundreds of thousands to get the kind of buying power that could take on the big funds.
Here are some questions to ask;
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Why are specific hedge funds being targeted?
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Why are government officials suddenly interested in regulating the stock market when exploitative behavior has been happening like this for decades?
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Why is this happening while Biden is in office?
This is a well-orchestrated, engineered, and versed effort to collapse and siphon certain questionable funds, with supreme precision. The targeted funds are schemes that launder money (AMC is owned by CCP Wanda, for example) which would normally be too difficult to take down and might take years.
I have a heavy suspicion that White Hats are doing this. This isn't a coincidence.
I think you might be underestimating the buying power behind this movement a little, it's world wide now and involves millions of people. That said, I don't disagree that there are likely some whitehats synergizing with the movement behind the scenes. It's yet again an opportunity for the average person to get involved in the incredible events that are unfolding.
Supposedly an anonymous investor from Florida bought in several millions overnight Tuesday into Wednesday. Haven't found a decent sauce to confirm, but I am entertained by the thought it could be Trump or one of his kids!