Reddit group WallStreetBets said they would push the company’s share price up to $1,000 or even $5,000. They urged each other to hold onto the stock through the market turmoil.
“There will be dips today. Expect them,” WallStreetBets user yvngpillow wrote early Friday. “The rich are freaking out and they’re going to do whatever they can to try and save their own asses. They basically have immunity. WE JUST HAVE TO HOLD.”
CNBC reported: The SEC Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing, the regulator added.
The GameStop/Robinhood trading story is not calming down and Democrats are opening hearings in both Houses.
Trading of GameStop has resumed.
“Self-regulatory” is scary coming from Democrats. They LOVE oppressive regulations which often make matters much worse. These Democrats hate capitalism and want to install a socialist/communist government. If they regulate, we’ve got a problem.