GME oddly seems positively correlated with COVID cases.
Posted Dec 21, 2021, 7:27 AM UTC
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negative beta?
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☹️
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[deleted]
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If you look closer COVID cases go up there, GME goes up harder than cases but they do move up at the same. Or if you're talking about January that hard Dip was Robinhood. Don't forget.
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Covid cases up= indices down. Indices down= GME up
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Let’s not go there. Correlation does not mean causation.
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I never said it did. I'm merely implying that there is something going on there. I just think HFT algorithms may be using COVID cases to make some decisions.
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Well, that’s more plausible. Should have said that in the post.
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What else could have been implied here?? The only other assumption is that I believed HF are spreading COVID?
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Well, the Q morons would take this is as Covid or Covid info is manufactured so GME can’t moon.
Sorry, but that’s a reality of perception by some to be taken into account.
I now understand your intent. And I agree that SHFs are probably plugging their algos into this overall market sentiment or narrative relating to Covid.
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Probably because they manipulate the price down based off these types of events to inflict uncertainty about the stocks validity.