Is it not market manipulation when you can control (a mojority in this case) buyers actions ?
My belief is they wouldn't take action blocking trades without their intermediary influencing.. It makes no difference to them otherwise.
So who is RH's intermediary?
I couldn't find from a brief google search but I am curious how and why this occurred when it looks like such a bad move for RH. Especially with rumours of them wanting to move for an IPO themselves.
1) Something happened here, either they didn't have capacity tech wise, which is a legit concern. - I haven't heard that being the reason yet.
2) Their intermediary blocked their trades, and so they got cucked, can't think of a better expression.
3) Someone told them to slow that squeeze down - This is probably the most UNLIKELY, but the one that everyone wants to jump to.
We might find out why, but really in the end it doesn't matter.. WSB and co has proven, the market is as strong as the confidence people give it.
Lies propogate when money is involved, shorting +20% is considered risk, +100%.. I'm sorry but I personally don't have sympathy. Infact, I appreciate when it's caled out.
I'd rather not bail out any more banks for bad practices that might be legal purely because they haven't had a light shone on them.
I do worry about the losers in this all though, and it's not the people with money. If you're in this deep, rent money deep, get out. It's a good fight, but there is no unsung hero reward on this one. If you have money, pump that to pluto idk.