LogFAQs > #966369528

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TopicStock Topic 37
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07/05/22 11:55:34 PM
#217:


It happens pretty often trust me. For instance as an obvious dumb thing just a few weeks ago Novavax went DOWN with FDA approval of the covid vaccine. It has since moved up a lot but yeah it's pretty common.

The difference is the price movement isn't so blatant as with this one. Like I don't think you realize quite how weird the price movement is with this one because you're not following it but a stock trading tens of millions a day ping pinging from 1.15 to 1.16 for 6 hours is very strange. Particularly after an opening dump of 10 cents in like 5 minutes. And you've got months and months of stuff like this.

The big enabler for this is the market maker has a conflict of interest. So you've got three things working in tandem here

Two short hedge funds with large amounts of shares to lend out and warrants (not any longer, but had) to hedge moon risk.
Market maker that wants it going down because they own like 60 billion in Tiktok
Bear market in general

So it's tough. And blatant. But maybe it'll get there.

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