A hedge fund got into it with average Joe via Twits. Average Joe is actually a stock trader with experience.
Average Joe got his trading buddies together to start this and then used social media to create a short rally. Each company has a certain amount of available shares that can be purchased on the market. This is the ‘float’. If the company has a very large float its hard to move but if they have a small float like Game Stop or Cambium it doesn’t take much to move it up or down. Even you and I can push a low float stock up or down easy. Truth is, Two major funds short tried to stop it but ultimately had to cover for losses. When they covered, it created even more of an upward swing. I believe one hedge fund closed his short and bought a bunch of shares at $50 and rode the swing up to hedge the loss which was a smart move. And yes, to stop it, brokers are shutting down trades or limiting the stock access which in turn stops the whole shit show which in my personal opinion is protecting big money. At some point buying exhausting will occur and the stocks will come back down. However, nothing is stopping it from happening again unless brokers come up with new rules to put in place. Tyson Burris, President Internet Communications Inc. 739 Commerce Dr. Franklin, IN 46131 Office # 317-738-0320 Cell/Direct # 317-412-1540 Online: www.surfici.net [ICI] What can ICI do for you? Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP Cameras - Fiber - Towers - Infrastructure. CONFIDENTIALITY NOTICE: This e-mail is intended for the addressee shown. It contains information that is confidential and protected from disclosure. Any review, dissemination or use of this transmission or its contents by unauthorized organizations or individuals is strictly prohibited. From: AF <af-boun...@af.afmug.com> On Behalf Of Steve Jones Sent: Thursday, January 28, 2021 12:26 PM To: AnimalFarm Microwave Users Group <af@af.afmug.com> Subject: [AFMUG] Ot: gamestop Can someone break this down for me to a window licker level of dumb? If i understand it, hedgefund operators banked on the price going down, so shit posters rallied together to drive it up, and on friday the hedgefund operators are forced to purchase at the inflated price? Is this the gist? Now government is trying to step in to protect the hedgefunds from the shitposters?
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