JackTally·5 years ago·discussRH goes down. Minutes later there is a ladder driving the price down $100s. Minutes later someone longs $100M position. Take it how you see it. And agree about the risk.
JackTally·5 years ago·discussYou are probably right!Justin Kan (YC) just posted this: https://twitter.com/justinkan/status/1354861575916515330?s=2...
JackTally·5 years ago·discussDuring today's short ladder immediately after Robinhood removed the ability to buy shares...• There was 443k shares sold in a single batch at $120 at 11:24:36 AM EST. • There was 347k shares sold in a single batch at $140 at 11:19:09 AM EST.Someone took a total loss of $300M from the price an hour prior OR that is a $100M short sale.