Lots of behind the scenes going on. The main issue here is that the little guys aren’t selling. Because the stock is shorted over 100% and the Call contracts were due Friday - the Hedges are having to get inventive. They’ve been trading between themselves on Thur/Fri in order to try to bid the price down, but they don’t have enough float to be able to force the issue and the little Guys now have some big guys jumping in like sharks that smell blood. Every time there is a dip the non-hedges are jumping in with both feet to buy up any available shares.
Eventually it has to unwind.
I’ve also been hearing some talk about how hedges have a way to create phantom stocks. this discussion is pertinent:
Key points are: For you to follow this argument, you need to go read the white paper “Counterfeiting Stock 2.0” so you understand how the hedge funds can create fake stock out of thin air and disguise it so it looks like real shares. They use these fake shares in short attacks to drive the price of a company down until they put them into bankruptcy. This practice seems to be widespread among hedge funds that go short. There is even a term for it, “strategic fails–to–deliver.” Counterfeiting shares is extremely illegal (similar level to counterfeiting money) but it’s very difficult to prove and even getting the court to approve subpoenas because of the way the financial industry has stacked the deck against investigations.
The redditors are exposing the stock fraud, like Q (and PDJT) is exposing the election fraud.