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Could you elaborate a bit on what you mean by this? I have seen similar comments elsewhere but don't really understand what is being suggested.
by ihunter2839 6y ago
Could you elaborate a bit on what you mean by this? I have seen similar comments elsewhere but don't really understand what is being suggested.
- julianandjuliet 6y agoA strat that quant funds use are algorithms that look for movement in the market. When they noticed an uptick in gamestop they bought in. When they buy in the price goes up which signals to other algorithms to also buy in. Thus raising the price and causing a tsunami.
- mmahemoff 6y agoThe media portrays it as "Redditors take on hedge funds". In reality, the volume indicates there's hedge funds, as well as a broad group of retail investors from outside Reddit, who have all jumped on the train. Hedge funds are on both sides of this.
- rantwasp 6y agoyes, there are large whales that are long on gme. yes, a lot of retail investors have jumped on it. reddit is the propaganda machine that ignited the fire