That’s why I question spending more money on DR and that includes the inconvenience of having a “certificate” share.
And kudos on the math 76millionx4=304million
So now there are only 48million DR..the split essentially bought the crooks more time.
I do find the shut down January 2021 interesting.
Note: that Ryan Cohen bought 9,000,000 shares in the fall of 2021. Retail investors, became fully aware of what Ryan Cohen’s expertise brings to the table, went into a worldwide buying frenzy.
This sent GME's stock price soaring. As this was happening, a small amount of short sellers started to buy-to-close their short positions. This extra buying demand exerted even further upward momentum on the stock price.
The buy button was shut off in January of 2021 due to a kind of short selling known as naked short selling (short selling without first finding a stock to borrow)
Wall Street had to step in and prompt Robinhood (and other brokers) to turn off the buy button. This immediately resulted in its intended purpose of driving GME's (as well as many other heavily short-sold companies then and still maliciously referred to by MSM as “meme stocks”) stock price from $482.85 on January 28th all the way down to $193.60 on January 31st!
There were congressional hearings in the months afterward.
A lot of feckery going on with this stock, and it is worth following.
That’s why I question spending more money on DR and that includes the inconvenience of having a “certificate” share.
And kudos on the math 76millionx4=304million So now there are only 48million DR..the split essentially bought the crooks more time.
I do find the shut down January 2021 interesting.
Note: that Ryan Cohen bought 9,000,000 shares in the fall of 2021. Retail investors, became fully aware of what Ryan Cohen’s expertise brings to the table, went into a worldwide buying frenzy.
This sent GME's stock price soaring. As this was happening, a small amount of short sellers started to buy-to-close their short positions. This extra buying demand exerted even further upward momentum on the stock price.
The buy button was shut off in January of 2021 due to a kind of short selling known as naked short selling (short selling without first finding a stock to borrow)
Wall Street had to step in and prompt Robinhood (and other brokers) to turn off the buy button. This immediately resulted in its intended purpose of driving GME's (as well as many other heavily short-sold companies then and still maliciously referred to by MSM as “meme stocks”) stock price from $482.85 on January 28th all the way down to $193.60 on January 31st!
There were congressional hearings in the months afterward.
A lot of feckery going on with this stock, and it is worth following.
Hedgies never covered or closed.