One guy had 4500 shares. It would only take 7,000 or so investors like that.
Thats millions of dollars how do you know he's not a plant or a double agent and in on the scheme. Go on reddit whip up a frenzy get the snowball rolling and the prawns jumping. Like i said whales it's not reddit peons moving this. Anyone can go on reddit make an account and claim anything.
how do you know he's not a plant or a double agent and in on the scheme.
You don't know if he is or isn't. The question wasn't whether anybody was a plant, the question was whether it was possible for the masses to move securities markets. The answer is YES.
no your argument is specifically that the masses arent moving it. Dudes with 4500 shares arent the masses. its a bunch of whales and a lot of little guys that got attracted into the bait ball with a few hundred dollars specifically so this could be called some sort of david vs goliath situation.
At the end of the day the exchange owns the Market Maker servers that set the price. They could, if they wanted, have the market maker reject a buying price and set the MM to only accept lower buying prices.
Do this bunch of times, and I bet they can drive down the price to their desire.
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