Here 'l'll Let You in on a Little Secret:It's Called Gun and Run
That's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning.
Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the morning. Of course nothing is guaranteed and it could go wrong, but the risk reward is very strong
Those figures could be an exaggeration because I've never done it before and nor am I a market maker, but you get the jist.
Nobody knows that by the way. Just letting you know. I found that out by pure chance, and maybe by the grace of god.
Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the morning. Of course nothing is guaranteed and it could go wrong, but the risk reward is very strong
Those figures could be an exaggeration because I've never done it before and nor am I a market maker, but you get the jist.
Nobody knows that by the way. Just letting you know. I found that out by pure chance, and maybe by the grace of god.
Comment:
Sorry a better example was to say buy $2 million for an average $25, then sell $20 million shares for an average of $24, then cover once it crashes. Your average was lower, but you sold more. This is all just hypothetical, but it helps put into perspective the possibilities. Again, I've never done it, I just heard about from somebody