Statement of SEC Regarding Recent Market Volatility

Re:Statement of SEC Regarding Recent Market Volatility by kenneth on Friday January 29, 2021 @11:30AM (#25959071)

Let's say the average bet is 1-5k into this the average Robinhood user invests around 5k), it only takes 200k-1M buying in to move $1B into the stock. When you start with a $200M market cap on a heavily shorted stock, you easily end up where we are today

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Re:Statement of SEC Regarding Recent Market Volatility by BoorishBears on Friday January 29, 2021 @12:02PM (#25959537)

Average bet being 1-5k feels optimistic by an order of magnitude...

The entire account value of normal RH users in the range of 1-5k

Most people just joining don't have 1k to just throw at a lottery ticket, and remember that until today RH allowed fractional shares of GME

But you know, that's not even it...

The other day GME did 20 Billion in volume in a single trading day. More than the S&P 500.

I don't understand how people think retail can account for that.

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Re:Statement of SEC Regarding Recent Market Volatility by dkrich on Friday January 29, 2021 @11:50AM (#25959349)

And doing it every day? Even now that the stock is $350 a share? If they are able to do that I have to question the “little guy” tag.

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