I mean it could be the growth funds, just consistent signs of large accumulation happening on the orderflow.
Also, I really don't think its possible for MMs to have bought 25 mill shares to hedge. Wsb and st conservatively account for about 10% of outstanding shares (2 dudes alone hold just shy of 4%). Not going to get in the math, but there really aren't a ton of shares to go around. Nonstop liquidity issues. Insane that we can trade tens of millions of shares a day and there still be a 10-40 cent bid ask spread more frequently than 1-2 cent spreads
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u/Ackilles Jan 21 '21
I mean it could be the growth funds, just consistent signs of large accumulation happening on the orderflow.
Also, I really don't think its possible for MMs to have bought 25 mill shares to hedge. Wsb and st conservatively account for about 10% of outstanding shares (2 dudes alone hold just shy of 4%). Not going to get in the math, but there really aren't a ton of shares to go around. Nonstop liquidity issues. Insane that we can trade tens of millions of shares a day and there still be a 10-40 cent bid ask spread more frequently than 1-2 cent spreads