That last minute fuck you kick though! Nearly 247 at close, pretty good. I've been noticing that on several days...Someone seems to have learned from the hedge fund short ladders. Instead of laddering down, in the last 10 minutes of trading it drives up. And then usually explodes even more after hours as the sell laddering pressure comes off.
Seems like some whale or group of whales have learned from the dark side.
99.9% certain this is now HF vs HF mainly.
Like i said in the past weeks/month/pages,
if there's a play against shorts, to squeeze them, and potentially backstab a competitor and maybe even bankrupt them along the way,
it will happen. Wall Street isn't some carebear place where you let a wounded market maker or hedge fund time to recover if there's a legit play to fuck em up and make money along the way. Might even be bigger than hedge funds at this point, with institutions holding so many shares, there's a legit play to perhaps even close down a market maker/bank that tried to fuck with them by shorting in the past year. Perhaps even an alliance between HFs or institutions.
So i don't think there's anything learned from the "dark side", HF are always short/long on so many positions, they know the playbook of their competitors. Just like the short side probably knows exactly who is fighting them, with access to data we don't have. Now it's a battle of how much cash they can throw into this, come out with possibly billions of cash and bankrupt a competitor.
That's kind of why i'm really relaxed with all this. I feel retail helped create a unique situtation here and that holding shares makes the short side kind of fucked, but we're not the driver of this anymore. Look at the volume, there's no retail "frenzy" like the first time. Yet steady she goes up. There's probably a play going on that our puny brains would not even begin to understand.
It's probably why it's not moving as fast as before, there's probably critical dates/catalysts that are not this week. For example, i think the DTCC change of rules as to "margin call" market makers won't take effect until March 19th?