GME + π the real Kansas City Shuffle
RK bought π on 6/24 then filed a 13/G. Hedgefunds and Algos interpret this (or at least the prevailing narrative from MSM) as RK selling GME and pump news articles speculating he sold. They dump more shorts into GME. (Everyone looks left - π).
I think he will provide a yolo update or we will come to find out that he has not sold GME and used a different brokerage (ie fidelity) to buy π shares. (And he looks right - has not sold GME) This causes all the shorts that piled in to GME to FTD, creating another cycle, only this time, they canβt use XRT to close as they are being pressured on two fronts (GME + π both in XRT, but heaviest weight is currently in π) and leads to substantial price increases in GME -> MOASS. Itβs harder for HF to keep shorting when there are two companies (two fronts) they are fighting to keep suppressed.
TLDR: RK buys π -> algos short GME + π -> RK reveals he is still holding GME -> π₯ π» (both GME and π investors cheer) -> MOASS soon