The entire GME thing was amazing at all levels. This dude, and no matter what you think of him, was essentially a nobody who posted a massive GME position with why he thinks the company could be awesome. This position and his post lived for months or almost a year if I remember reading the story correctly. Then, for apparently no reason, the thing gets necro's and because gamers are autistic, they want to crush the big corporations/banks and they push GME to an absolutely unfounded price in a short squeeze, making this dude a multi-millionaire many times over.
During this process the big corp./banks pulled out all stops to try and curb the pain. All the funky shit with halts but somehow massive sells still going through. Then he gets brought before congress...wtf?
Then he tried to do it again, but this time they were ready. The needle barely moved and to put a beautiful amount of icing on the cake, GME does a surprise early release of earnings(which sucked of course) *AND* announces an absolutely monumental share offering creating enough dilution to avoid any problems. Sure....that was planned and totally normal.
I would bet someone made a phone call to the CEO/board members that if they do this they'll all get some perfectly legal side payout. The entire thing reeked to the high heavens. The little guy will *never* win at scale.
Good for him for sure, but just like politics and trump revealed the deep state for what it is, this event absolutely shed light on the fact that when someone needs a piece of the market to go a certain way, it absolutely can happen.
Anyway, sorry for derail.
I also believe we seeing a fake crawl up that will revert, took a smaller short position on QQQ, plan to sell if it's worth 4.00$ or close to break even if I'm wrong.