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.
Sure redditors don't have much money, but this is more than reddit, the world will wake up to this and want some action.
The citizens of India, Australia, Europe, Canada, and even China are in on this. It went viral and there are a lot of people throwing some money at this weather it is a couple hundred to a couple million. Things could get interesting seeing as GME is still over extended at like 117% of shares in trade.....