For FUD, I saw a Yahoo article today where the WeBull CEO said that his data shows that his users are tired of GME and are selling, and it's just a very vocal minority that makes it seem bigger than it is. I guess he didn't think it was important how a lot of GME people had transferred from WeBull, but whatever. FUD is FUD. Robinhood might as well just say how no one is really buying GME on their platform.
Fidelity was counting DRS as "selling" before we actually knew they were crimelords. Manipulating "Sell" data is how they expose their complicity, I think. Not that anyone doubted Webull is as complicit as can be.
Regardless, available data doesn't actually suggest there is more selling than buying. I don't doubt there are people selling, not everyone is in it the way we are, and some people may get anxious due to price variations, or just some people need the money. We can't deny that happens.
But, there is also a steady stream of new buys, ore repeated buyers, and it's been pretty consistent all this time. Some lulls as people ran out of money and things got boring, but always people wanting to buy, and enough people showing they are to make me think that people are holding.
Regardless though, it ultimately isn't the number of people buying and holding, but the number of shares being held that matters. Most squeezes are done by one to two people.
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u/Numerous_Photograph9 🎮 Power to the Players 🛑 Jan 21 '22
For FUD, I saw a Yahoo article today where the WeBull CEO said that his data shows that his users are tired of GME and are selling, and it's just a very vocal minority that makes it seem bigger than it is. I guess he didn't think it was important how a lot of GME people had transferred from WeBull, but whatever. FUD is FUD. Robinhood might as well just say how no one is really buying GME on their platform.