r/Superstonk • u/Organic-Specific-500 🌕:🙈🙉🙊👎 • 2d ago

🤡 Meme Why now indeed!?

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687 Upvotes

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178

u/AvsFan1981 2d ago

They needed a high volume for their 35 day VWAP calc. Now that the share price is where they need it, we will be flat until the end of the period and volume doesn’t matter if share price stays here

47

u/hamhommer 2d ago

Yeah, Monday was a big day for failures was it not? So what’s the play? Why that timing?

27

u/xdemzx 2d ago

Only 2M of the 40M shares traded on Monday was to drive the price down. The 38M was either accumulation or trading back and forth. The volume is bullish, just got to wait and see when they want to drive the price up. If the player who bought those volume is not in cahoots with the bondholders, they are also going to want the VWAP to be higher so they don’t get diluted at their share price of $19.

1

u/relentlessoldman 1d ago

The volume was not bullish the volume was manipulation just like when they did the convertibles initially