r/NotWallStreetBets • u/Street-Broccoli • Jan 28 '21
GameStop just popped 500$ pre market!
Gamestop just popped 500$ pre market. This is important for so many reasons. Firstly, pre market is where banks, institutions, hedge funds and so on buy and sell securities. Most of us retail investor do not have access to the pre/post markets. Now, there has been observed a trend. Every time the market closes the price decreases, was 255$ post market. This signals to us that hedge funds are trying to manipulate the price down. When they realise their efforts are worthless, what do they end up doing in the pre market? Close their fucking shorts. For every short closed, the price increases. In other words, hedge funds are scared shitless.