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| Topic | Stock Topic 24 |
| red sox 777 03/10/21 5:26:19 PM #299: | CoolCly posted... is it a real thing? i walked away from the first GME thing with the understanding that short ladder attacks aren't a real thing and it's just a WSB made up explanation for their narrative. the explanations iv seen don't actually make any sense. but I see you used it just a little while ago here to see if it was possibly what happened. I don't know about the "ladder" portion of it, but selling large quantities of a stock in a short time to drive the price down is definitely a real thing and a very very old tactic. The idea would be to trigger stop loss orders or margin calls for longs and then buy the stock for cheap. Unless you actually catch a lot of longs either panic selling or hitting their stop losses or margin limits, it usually hurts the person doing it, as they end up selling stock for cheap. There are also some questions about legality. Of course not everything is manipulation and people have been way too eager to call any downward movement manipulation, but there are nonetheless 3 major downward movements in GME that really stand out - on 1/25, 1/28, and today, in each case plummeting by 50%+ within a very short time (just a few minutes of actual trading time in between halts). We apparently halted 6 times in 31 minutes today so most of the move may have happened within 60 seconds of actual trading time. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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