“GME isn’t a pump and dump.”
I’m not saying that. Just saying that it’s a juicy target for a pump ‘n dump.
Someone with throw-away money could do this as a spank down against common investors to teach them a lesson not to mess with Wall Street.
Something is cooking.
Reports are that Fidelity has picked up 10 million accounts transferring shares from Robin Hood. To be worth transferring, you probably have more than a share or two, many had xx and xxx shares.
There are only 71 million official Game Stop shares. A lot are locked up in “institutional” accounts that can’t be easily traded out.
What if retail somehow has more shares than actually exist? This means someone has sold multiple copies of shares. They have to be bought back and consolidated. What if not enough “apes” are willing to sell? What if they “HODL” Hold with “Diamond Hands”?
That would be interesting, right?