D onald
W as
A lways
C orrect
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My instinct is that all the heavily shorted meme stocks are itching to rise and the hedgies are trying to keep a lid on them. BBBY has just had a huge increase in the past few days and I wonder if people won't sell those and move over to the next meme stock which looks froggy. and so on.
Now there's probably a better reason than this, but this is what it feels like.
This.
I watch the market every day. When the US sends money to Ukraine, Blackrock and Goldman Sachs stocks shoot up because billions of that fake fiat cash is laundered to them. Conversely, when interest rates rise, it prevents fake money from being printed which causes these stocks to tumble.
I am certain the same mechanism and laundering applies to hedge funds that short GME and DWAC. They put the laundered money toward interest to borrow "synthetic shares" (which should be illegal) to sell these stocks short, and they also use ladder attacks which is are automated buy/sell transactions between hedges that rapidly repeat many times a minute, always selling at a lower price, which artificially suppresses the stock price.
Well if the House prevents the fake money from being printed or being laundered, the illegal shorting machines run out of fuel.
This is why I recently bought more DWAC and short sold Blackrock. Almost time to light the fireworks.
That's a very cogent explanation.