Here’s my theory; the volume of trading was tiny, Yahoo finance says $500M. This is chump change that any of the billionaires that bought into X can throw in without thinking about it. What’s stopping these people from propping up the value up until they can get it into the index funds and then dumping the bag on the consumer? Nothing.
Here’s my theory; the volume of trading was tiny, Yahoo finance says $500M. This is chump change that any of the billionaires that bought into X can throw in without thinking about it. What’s stopping these people from propping up the value up until they can get it into the index funds and then dumping the bag on the consumer? Nothing.