4 ms·
Let's say the average bet is 1-5k into this the average Robinhood user invests around 5k), it only takes 200k-1M buying in to move $1B into the stock. When you
by kenneth 6y ago
Let's say the average bet is 1-5k into this the average Robinhood user invests around 5k), it only takes 200k-1M buying in to move $1B into the stock. When you start with a $200M market cap on a heavily shorted stock, you easily end up where we are today
- dkrich 6y agoAnd doing it every day? Even now that the stock is $350 a share? If they are able to do that I have to question the “little guy” tag.
- BoorishBears 6y agoAverage bet being 1-5k feels optimistic by an order of magnitude... The entire account value of normal RH users in the range of 1-5k Most people just joining don't have 1k to just throw at a lottery ticket, and remember that until today RH allowed fractional shares of GME - But you know, that's not even it... The other day GME did 20 Billion in volume in a single trading day. More than the S&P 500. I don't understand how people think retail can account for that.