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Friday, June 07, 2024 6:01:02 PM
and I think todays Livestream was a planned act, why he would want people and shorters to sell, and the price to go down, but to me it was obvious
he acted like a drunk cousin that randomly stopped by your house after not seeing them for years and goes on some semi stupor rant
Shorts don't sell. They buy to cover. They might, of course, sell any options they used to hedge.
But what happened with Kitty doesn't seem very complicated. He'd planned a livestream pump, making his followers salivate as he demonstrated his riches. And then the company made its morning announcements, and the bottom fell out. Kitty dithered for a while, considering what to do, and so was very late to start. Evidently he'd decided just dress weirdly and try to be funny. But I guess he didn't want to say anything that might make things worse.
Or piss off the people investigating him.
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