LogFAQs > #950847024

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TopicStock Topic 22
CoolCly
02/19/21 5:11:58 PM
#224:


I completely agree with Nanis - that was just an excuse to continue to encourage everyone to keep buying without looking like you are trying to screw over the retail people buying, and without having do what red sox just astutely pointed out... nobody is telling you when to sell. WSB absolutely wanted nobody to ever sell, but that was a critical part of coming out of GME without a loss.

As for what the Interactive Broker says, that lines up with some data Destiny shows that in the later days of the price increases, buying was actually coming from institutions and not retail investors. Retail investors were net selling. So it really did require the insitutions to keep buying to cause the squeeze. But I wonder why they stopped.... would they have stopped regardless of the retail investors getting their buys halted or not, or was that the signal to them that this was probably over and to reverse course?

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