I think that the hedgies were trying hard to suppress the price all of Friday. It was quite high volume trading all day. They only managed to get it down 14% or so.
Keeping the price down artificially by borrowing and selling shares is expensive for them.
They’ve been keeping gme down for years now. Years. They’re not gonna allow dwac to go anywhere but down. There’s zero oversight and accountability on the public market. Rules only apply to the little guys.
They make their money on dark pools and insider trades. Peasants can go F off.
I think that the hedgies were trying hard to suppress the price all of Friday. It was quite high volume trading all day. They only managed to get it down 14% or so.
Keeping the price down artificially by borrowing and selling shares is expensive for them.
Can they keep it up all day Monday?
Can you share with us how/where you see this?
I'm an amateur investor but I'm holding some DWAC in a couple accounts.
And since it fell more than 14% on Friday, doesn't the 10% short rule kick in?
https://web.archive.org/web/20240124230503/https://www.sec.gov/news/press/2010/2010-26.htm
I am no expert at all, you need to wait until one comes along!
I'm sure I've seen this stock and GME drop more than 10% in a day before. Perhaps this rule is ineffective.
They are fast to halt trading if one of our stocks rises sharply though. I've taken screenshots of that before.
Anyone? There must be some wise investors out there than can provide some insight.
Meanwhile, I'm still holding.
I'm holding too fren.
Shares convert at merger day. If their are to many shares, they have to buy them back.
Moon soon.
So if there are too many shares, the shorts get stuck, right? They have to cover their short positions and if they don't they lose everything, right?
Everyone that bought a share, gets a new one.
They will not/ should not issue extra shares.
DWACW + $11.50 has entered the chat
Yes, most nights.
Short rule is shit, they have many ways of getting around it.
Kinda figured that but at least wanted to ask.
They are so horrible. Why is Potus working with Jeff Yass?
I have like 10 whole shares ooooo
??? I'm seeing 11% short positions...3,170,533 shares.
I’d say it’s not a high short rate, it’s like purposefully above 10% by a little
I don't know. I'm just waiting and seeing.
They’ve been keeping gme down for years now. Years. They’re not gonna allow dwac to go anywhere but down. There’s zero oversight and accountability on the public market. Rules only apply to the little guys.
They make their money on dark pools and insider trades. Peasants can go F off.
Almost like someone is exposing the corruption.
Another Kodak moment.