Why did GME drop from 344 to 198 in a few minutes today?

[DiceAreCast]

No, you nutcase. It does not make more sense. Goodness. When mostly a handful of large players manipulate the market then they move the stock up in tandem and down in tandem. Everyone else trades alongside in a frantic rush to not miss out. Not much other volume. This will result in bids taken out on the way down and offers taken out on the way up, evidenced by trades on the bid and offer, respectively. Exactly that pattern that you are describing. So, which part appears to you as incomprehensible?

I calculate shares that trade at the bid/offer, you are seeing all the volume in the spread. Volume at the bid/offer is what moves stocks and shows how aggressive buyers and sellers are while volume in the spread tells you very little.

Think about it logically, we have now seen 3 recent examples of what happens when retail stops get flushed. First it was the GME move from $400 to $100, then CCIVWS from $30 to $10, and now GME again from $340 to $180. This is a new pattern due to WSB/RH with tons of tiny orders creating these vacuum moves because there are literally no bids in place so far away from the normal market.

Doesn't this make a lot more sense than manipulation/conspiracy theories?

 

[Dustin]

I was actually responding to the other guy, so we can be done with this discussion.

 

[DiceAreCast]

If you could actually reply via quote then people would know whom you are conversing with. In either case, you erroneously make the assumption that your alleged trading pattern and market manipulation are mutually exclusive. They are not.

I was actually responding to the other guy, so we can be done with this discussion.

 

[NoahA]

If you could actually reply via quote then people would know whom you are conversing with.

Sounds to me like Math_Wiz has you on ignore. LOL... When you see a poster reply with no quotes, it quite often means that the person they quoted you can't see. Here is what it looks like and its clear who Dustin was replying to.