Bankrupt Hertz targets Robinhood traders in plot to dump $1B in stock

Re:Bankrupt Hertz targets Robinhood traders in plot to dump ... by OldHand2018 on Friday June 12, 2020 @07:33PM (#23505017)

I'm thinking that this strange trading behavior with Hertz and others is an unanticipated consequence of commission-free trading combined with a lot of fully-employed people getting free money from the government.

[ Parent | on HN ]

Re:Bankrupt Hertz targets Robinhood traders in plot to dump ... by albntomat0 on Friday June 12, 2020 @07:47PM (#23505129)

Matt Levine of Bloomberg has written a bunch of the "boredom market hypothesis," which says a lot of folks are investing, who wouldn't otherwise, because they're stuck at home due to coronavirus, and the stock market is the most entertaining thing.

[ Parent | on HN ]

Re:Bankrupt Hertz targets Robinhood traders in plot to dump ... by tick_tock_tick on Friday June 12, 2020 @08:00PM (#23505243)

No sports and the casinos are closed wouldn't surprise me.

[ Parent | on HN ]

Re:Bankrupt Hertz targets Robinhood traders in plot to dump ... by albntomat0 on Friday June 12, 2020 @08:08PM (#23505290)

Those are the literally the ones he mentions!

https://www.bloomberg.com/opinion/articles/2020-06-09/the-ba...

[ Parent | on HN ]