Big money moves stocks not small money. This is a billionaires dance. Don’t get sucked into the idea that little guys are doing this.
But I believe in the case of Game Stop the amount of shares that were sold short was greater than the total amount of shares available.
So when just one share was bought, some short had to sell back a share to cover. And on and on.
Not sure how that works, but that’s what I read.
“Big money moves stocks not small money. This is a billionaires dance. Don’t get sucked into the idea that little guys are doing this.”
Yep.
I spoke with my co worker about 5 minutes ago. He’s doing this as we speak. Looks like he might be up $22 million by the end of the week.
He’s definitely a little guy in investment terms. He just figured out how to take advantage of the big boy shorts.