224 Holy 💩 Eyes on 👀 ! GameStop is up 15% on news of potential stock split. Will it be 1:2 or 1:5 or maybe 1:7 ??? This will open the floodgates as they will have to count actual existing shares. Synthetic fake shares can no longer hide! (seekingalpha.com) posted 2 years ago by What-Me-Worry 2 years ago by What-Me-Worry +225 / -1 70 comments share 70 comments share save hide report block hide replies
This is the key. They force hedgies to cover through margin call and the like. This drives the price up. However, no one buys GME if it gets to 1000000000000000....so no one can sell. And poof, back to 40
Margin call will force hedgies to cover.
Forcing them to cover means forcing them to buy... at whatever price.
Right