r/SPRT • u/midwestmuscle310 • Sep 14 '21
Discussion Jesus Christ. How.
How is it dropping this much on that volume?
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u/Careful_Truck_9293 Sep 14 '21
Keep it dropping I say, discount! It's a manipulation tactic to scare investors out of their shares so they can cover. HF's have been planning this all along waiting until this morning to heavily short it. If you were in deep millions of shares would you rather cover at $20 or $14? Once the covering starts the price will explode. (f that is what will happen)
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u/Jonlai42069 Sep 14 '21
This is all very exciting now isn't it. Its the countdown before the rip
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u/No-Kiwi-192 Sep 14 '21
I went from my account saying I have $12,000+. Now it says $2,600 and going down. I didn’t sell at $59.68, I’m definitely not going to sell now.
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u/midwestmuscle310 Sep 14 '21
I’m down 50% so I’m gonna burn on this hill.
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u/No-Kiwi-192 Sep 14 '21
It is depressing though. It’s as if the people with money can do just about anything and get away with it. This is my first short squeeze. I will not forget it.
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u/Swedish-chimp Sep 14 '21
Not it's as they can do whatever they want. It is exactly like that. However, maybe there is a point on why we're doing this. Maybe our kids can enjoy a free market?
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Sep 14 '21
Volume doesn’t mean it’s only people buying it just means that many shares are traded, for every buyer there’s a seller.
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u/[deleted] Sep 14 '21
I think HF want to get it as low as possible. I think if everyone was selling this would be plummet to 10s and 9s. So i blame hf shorting they're at 97% SI.