hidden shenanigans in short swaps held by MMs and hedgies over 8000 POS penny stocks across the OTCM....covering after game stonk popped up...much more likely than retailers on the ask. the fact that we went right up to 1/2 and then back down BUT no heavy ask cap, plus I have very little confidence in angry retailers owning enough of the float they'd stack the ask that heavily. retailers want this to run so they'd keep the ask as light as possible.
I think game stonk announced great cash flow positive earnings. and manyh banks were failing (we later had a 320M SELL to 000001 which I'm sure was a bad guy in receivership being force-sold)
but on game stonk run up, they needed some covering IMO, so to avoid game stonk squeezing, they covered over a bunch of POS pennies they had some credit default swaps stored in.
I think GPL is more patient than heavy stacking the ask (not sure they CAN stack GTC with O/S)
I think that was a market maker (maybe virtu maybe CTSI maybe one of the little ones) absorbing that, then once we had 1/2 and got the situtation stable on greater markets shoved it right back down and they DID restack the ask...then they LOST 320M of that ask-stack. and now I think they are positioning for a run up.
I doubt few retailers sold enough. I am sure if that was a retailer getting out, they'd be on the floor saying "so glad I got out of this POS"
I think GPL now realizes they have a squeeze potential instead of just a "screw the retailers" machine. besides, with us at nobid, and the general meme stock situation about to blow....there would be no reason for GPL to continue to sell to ...000001 (?) and angry retailers wouldn't buy anyways. they are waiting now imo for mms, and hedgies to run this stock up for either temporary collateral proof or the greatest of all pump & dumps.
