$GME had a high volume GLB last Friday and went on to skyrocket +434%, in 3 days–$T2108 falling, beware


No, I did not buy GME. I missed it. It was not on any of my growth stock watchlists that I monitor. But I think this crowd sourced manipulation will hurt the market. As the hedge funds have to buy back their shorts at much higher prices they will have to raise funds by selling their stronger long holdings, the types of growth stocks that most of us own and trade. Note that T2108, the % of NYSE stocks above their 40 day moving average has cratered to 46%. Beware….

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