GME is trading at 181 atm, it dropped to 117 last week and the next day went over 200.
Some have suggested that the hedge funds have been trying to attack the price in order to drive it down, but it keeps getting bought up by investors.
The ultrarich DS uses AI for microsecond strip offs
of profit. Ameritrade SELLS like the others knowledge
of your upcoming trade (ie before it proceeds) to the
DS to take advantage of YOUR biz.
Also they probably make more money with the puts gets etc.
which are multipliers of the relative tiny money they
use to push the stock price up and down.
And there are those counterfeit shares allowed by “law”
for them only. Counterfeiting helped China take over the
America by paying fake=”billions to each power in Congress”
in addition to their fake=”ballots”.
Counterfeiting should have been ILLEGAL for them, too;
BEFORE America tanked due to stolen election.
GME is an extraordinary story and it is in almost nobody’s interest to investigate it and fix the regulations. There are many ways to exploit the short selling loopholes. Frankly I am about 99% opposed to the idea of short selling. It may have some legitimate function in theory but in practice it’s a con.
So you own a stock. Without your knowledge or consent I ‘borrow it’ and sell it to someone else. Your account still shows you own the stock. The person I sold your borrowed share to also sees that he owns the stock. Now the supply of shares has doubled, and when you increase the supply you know what tends to happen to the price. You and the other guy can both sell the stock if you want, even though there is really only one owner of it. As for me, I just have an IOU to your broker.
Then, I can borrow the share I sold to the other guy, and sell it to a 3rd person. Now there are 3 ‘shares’ trading all based on the one share you own.
Meanwhile, market makers and options makers desks are free to short sell without even borrowing shares from anyone. They technically have 10 days to “cover” their shorts, but it is fairly easy to keep rolling that 10 day period out by closing and re-opening a new transaction, borrowing ‘shares’ from a broker, or going to another options market maker.
Almost 100% a scam.