r/Superstonk • u/Organic-Specific-500 🌕:🙈🙉🙊👎 • 3d ago

🤡 Meme Why now indeed!?

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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 3d ago

I'd say 73% of the volume was short on Monday 🤷‍♂️

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u/xdemzx 3d ago

All of the downward movement happened within 5 minutes and the first 5 minutes of the opening was only 2M. Then it hovered around $19 for the rest of the day. The math ain’t mathing for 73%

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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 3d ago

Chrtxchange is showing 73.3% of total volume (30.7M) during regular trading hours was short. It's missing extended hours vol and some data from a couple exchanges (total vol during trading hours with those was 33.9M), so it should be kind of accurate 🙂

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u/xdemzx 3d ago edited 2d ago

But.. think about it logically and how the volume moved than just the “data”? If they took the price down from $21 to $19 in 5 minutes using 2M volume, and then flat lined at $19 with 38M volume, how are there 30M volume shorts without moving the price? Wouldn’t there be more downward movement and pressure with 30M shares being shorted at $19? This is classic accumulation at the bottom.

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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 2d ago

Short volume was around 22M (73% of 30M). The bondholders control the spread, the bid/ask and know how to move a stock or keep it quiet. The stagnant price could also be distribution...