/biz/ - Business & Finance

>>58446470
I believe the stock is totally illiquid, the volume yesterday was HFT using super fast trades/spoofs to walk the price up / down to where a REAL NBO trade was so it could find liquidity.

Fuck me.... thats it, thats why the volume spikes on these days, its not naked selling shares, it is, but the volume is the algo creating shares, then spoofing and moving the price up and down to where they want it, for options baiting when they do a WSB or other push, HFT is simply batting a block of operational liquidity shares back and forth to move the price, the short exempt or naked short selling is the only way this volume can be explained in an illiquid stock like GME, where they seem to be able to borrow more and more every day.

Which in turn leads creedance to Plan being lent, which has diminished over time, broker shares have diminished over time, they have zero liquidity but the short exempt now and they have to use super fast trading tricks to manage the price