Incredible movement in the past 24 hours - it surely can't be all LIHKG people buying as an act of protest...or is it?
Incredible movement in the past 24 hours - it surely can't be all LIHKG people buying as an act of protest...or is it?
according to Bloomberg it seems to be individual investors?
https://www.bloomberg.com/news/artic...d=premium-asia“There are a huge number of retail investors buying,” said Castor Pang, head of research at Core Pacific-Yamaichi. “If you just look at the bid-ask price and the size of single trades, most are super small.”
Too bad there's no way to short this stock or is there?
Think a lot of the price movement was caused by a sudden increase in retail investor market orders, which are the default order type with the discount brokers. Then a classic pump and dump.