News for hackers. Stuff that matters.

A comment on Never Hertz to Ask. Parent comment

Re:Never Hertz to Ask by fluffything on Sunday June 14, 2020 @03:29PM (#23520588)
Reading WSBs, those buying Hertz right now know they are idiots, and do it anyway, knowing that they will probably lose all their money, but hoping that if they do not, they can buy a lambo.
[ Parent | on HN ]
Re:Never Hertz to Ask by qeternity on Sunday June 14, 2020 @04:32PM (#23521070)
/r/wsb are not the ones driving this but rather the millions of new accounts at zero-cost brokers, hours and hours of boredom, and possibly stimulus checks
[ Parent | on HN ]
Re:Never Hertz to Ask by 0x8BADF00D on Sunday June 14, 2020 @05:23PM (#23521517)
Don’t forget about the market makers either. Robinhood and other brokerages sell data on the positions their traders are entering to their market makers (like Citadel). Then the algos front run the trade, and you end up in a situation where a stock like HTZ can rally exponentially in a day.
[ Parent | on HN ]