1.- After the rise in GameStop shares are individual investors grouped in the WallStreetBets forum of Reddit
2.- Large investors were shorting GameStop and decided to take advantage of it to buy shares in the company. By investing in these stocks, the price started to rise very quickly.
3.- Began to buy back the shares they had sold to minimize losses, but that only caused the price to rise further. This is known as a short squeeze.
4.- As of today, February 5, 2021, the stock price has dropped. This has caused people who bought shares at the highest point of their value to lose a significant part of their investment due to the drop in price.
If they like me, reward me with a like or coins tradingview
Also ... they keep halting the stock on the rise but not the falls?
I have no more stake in GME, but I got to admit some shady things going on. I thought the 'apes' we exaggerating about HF's playing dirty tricks, but there is some odd things happening everytime GME hits a sharp increase.
52% Short interest outstanding, shares-failed-to-deliver skyrockets..!
TA is completly useless here.
Although we really don't know what the short interest is until the numbers are released on Feb 9th and even then, there may be reporting loopholes using options contracts where the report may be borderline useless.
That being said, I've been watching this closely given the unusual market behavior and the severe buy restrictions at the broker level. I'd bet given the volume going into the options market at this point that shorts may be trying to use that to avoid reporting requirements but that's just speculation at this point.
Saw more than a few suspicious batch buy orders go through yesterday with volume of 1600 immediately followed by a sell order for 100 at the lower price dropping the price difference back down though in a working market you should expect to see the price go up when there are more buys than sells. Super shady imo, but not financial advice.