I am not an experienced trader nor an expert.
So .... if someone can change my mind with a solid argument i am happy to change my mind.
The price is wrong.
If prices in a market are determined by supply and demand, and there are less and less shares of Gamestop available in the market (because of Direct registration and normal buys)
Then how does a share price drop?
On broker capital.com the buy to sell ratio of GME is 90%, meaning that 90% of the trades are buy trades
On broker fidelity the ratio is 86%
More people are drs-ing their shares, so that combined should push the price up, its very simple. Those ratio's have been so for months now.
Todat after earnings we will see how many more shares are drs-ed.
It should make you think..... smth is wrong, and its the price. The manipulation will be clear and resolved, nobody is selling, in fact we are buying.
So .... if someone can change my mind with a solid argument i am happy to change my mind.
The price is wrong.
If prices in a market are determined by supply and demand, and there are less and less shares of Gamestop available in the market (because of Direct registration and normal buys)
Then how does a share price drop?
On broker capital.com the buy to sell ratio of GME is 90%, meaning that 90% of the trades are buy trades
On broker fidelity the ratio is 86%
More people are drs-ing their shares, so that combined should push the price up, its very simple. Those ratio's have been so for months now.
Todat after earnings we will see how many more shares are drs-ed.
It should make you think..... smth is wrong, and its the price. The manipulation will be clear and resolved, nobody is selling, in fact we are buying.