Amazing what a lack of full on NYSE enabled price manipulation does.
You'll have to use the app above to check the prices. The price changes aren't showing up in any of my other apps like Fidelity or RobinHood.
Here's to hoping we can crack $80 (All time high price pre-split) today so all hell breaks loose Tues morning.
Speculation based off of a lot of evidence:
It looks like Gamestops announcing a merger or something to that effect either possibly today or tomorrow. United Bank of Switzerland (UBS) appears to be closing all their short positions out and purchased a absolute shit ton of calls in order to profit when the price goes up to cover the cost of all the short positions they inherited. If you recall they bought Credit Suisse for $3.2 billion last year. I don't think at the time they realized the naked short positions CS had. I think they worked out a deal with GameStop to unwind it so they can come out of this alive. I think that's probably a significant portion of the reason why GameStop just sold 2 billion dollars worth of stock. UBS was the buyer. Figures the swiss would decide to get the fuck out first. They get to survive now. (They always seem to have the survival role) That was the only lifeboat me thinks. All the other big guys are locked in.
Amazing what a lack of full on NYSE enabled price manipulation does.
Here's to hoping we can crack $80 (All time high price pre-split) today so all hell breaks loose Tues morning.
Speculation based off of a lot of evidence:
It looks like Gamestops announcing a merger or something to that effect either possibly today or tomorrow. United Bank of Switzerland (UBS) appears to be closing all their short positions out and purchased a absolute shit ton of calls in order to profit when the price goes up to cover the cost of all the short positions they inherited. If you recall they bought Credit Suisse for $3.2 billion last year. I don't think at the time they realized the naked short positions CS had. I think they worked out a deal with GameStop to unwind it so they can come out of this alive. I think that's probably a significant portion of the reason why GameStop just sold 2 billion dollars worth of stock. UBS was the buyer. Figures the swiss would decide to get the fuck out first. They get to survive now. (They always seem to have the survival role) That was the only lifeboat me thinks. All the other big guys are locked in.
Amazing what a lack of full on NYSE enabled price manipulation does.
Here's to hoping we can crack $80 (All time high price pre-split) today so all hell breaks loose Tues morning.
Speculation based off of a lot of evidence: It looks like Gamestops announcing a merger or something to that effect either possibly today or tomorrow. United Bank of Switzerland (UBS) appears to be closing all their short positions out and purchased a absolute shit ton of calls in order to profit when the price goes up to cover the cost of all the short positions they inherited. If you recall they bought Credit Suisse for $3.2 billion last year. I don't think at the time they realized the naked short positions CS had. I think they worked out a deal with GameStop to unwind it so they can come out of this alive. I think that's probably a significant portion of the reason why GameStop just sold 2 billion dollars worth of stock. UBS was the buyer. Figures the swiss would decide to get the fuck out first. They get to survive now. (They always seem to have the survival role) That was the only lifeboat me thinks. All the other big guys are locked in.
Amazing what a lack of full on NYSE enabled price manipulation does.
Here's to hoping we can crack $80 (All time high price pre-split) today so all hell breaks loose Tues morning.