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Robinhood accounts were net selling most of last week. All the big holders were already gone by this Monday. Only bagholders left. What is surprising is that t
by hogFeast 6y ago
Robinhood accounts were net selling most of last week. All the big holders were already gone by this Monday. Only bagholders left.
What is surprising is that this happens in every pump and dump, 100% of the time, and people act like it is a low probability outcome.
Brokers are going to make an absolute bomb: I have seen the spread on GME was as much as $1 at times, and the stock was doing 50m/day. In the past year, retail investors have been overtrading as well, big year for brokers. But GME was not really a big battleground stock for hedge funds, it was too small.
I don't know what regulators can do but the current situation on wsb is just funnelling cash into the pockets of people who are saying one thing and doing another.