If it isn't obvious by now, a new meme has developed. A whole bunch of RH/reddit folks finally figured out a way to pump up cheapo stocks...Find the ones with the highest short % v. float, egg on their buds to pile in and then watch as everyone else jumps on the same train. Wash, rinse and repeat until they all decide to pull the plug.
Exactly. Tomorrow they will do it again with another handful set of stocks. But thats what they are doing as a team on forums. Finding stocks with high short interest and running them up.
GameStop analyst calls stock surge a pyramid scheme and says nobody cares about his $16 price target https://www.cnbc.com/2021/01/27/gam...chter-calls-stock-surge-a-pyramid-scheme.html
Anyone seen Macerich co (MAC), its got a 71% short interest. Looks like another definite gamma squeeze
Haha. I'm in a 120K-member Discord server right now, where all the strings are pulled. Reddit only recycles stuff afterwards. And when are they going to take down CNBC, Bloomberg, and other media outlets that scare people and make them sell stuff in bull market? What about Left/Citron manipulating markets and everyone selling when he says so (until recently when tables turned)? And are investors so dumb they can't figure out a way to communicate in the age of the internet? The suits would need to take down the stock market to prevent people from trading any way they want.