BBBY announced a buyback of 2/3rds of their outstanding shares yesterday which triggered an 80% jump after hours in their stock price. There is a theory that GME is being shorted through equity basket swaps. The theory is there are also other "meme stock" companies within these baskets. Yesterday when BBBY jumped big AH so did BB, AMC, KOSS, etc.
Also of note, GME trade volume was almost 5x the entire daily average in the first hour of trading today. This plays into the rehypothecated shares theory.
MOASS!
There was a new rule that kicked in last week that pushed it yesterday and now its continuing. Also RC tweeted MGGA last week, and LoopRing ceo posted a battle hymn this week. Its habbening!
Bbby started it.
It's because I stopped watching it and went to fix the garage door instead.
BBBY announced a buyback of 2/3rds of their outstanding shares yesterday which triggered an 80% jump after hours in their stock price. There is a theory that GME is being shorted through equity basket swaps. The theory is there are also other "meme stock" companies within these baskets. Yesterday when BBBY jumped big AH so did BB, AMC, KOSS, etc.
Also of note, GME trade volume was almost 5x the entire daily average in the first hour of trading today. This plays into the rehypothecated shares theory.
MOASS! There was a new rule that kicked in last week that pushed it yesterday and now its continuing. Also RC tweeted MGGA last week, and LoopRing ceo posted a battle hymn this week. Its habbening!
And Loopring crypto practically tripled over a few days. Bullish
Also watch out for AMC, BBBY, OSTK, and CAR
I saw the after-hours action yesterday.
And didn't bother getting up early today to look at ticker.
Diamond hands,price doesn't matter.