160k new stockholders is still a drop in the bucket. The daily average for HTZ is 60M stocks traded.

The real action happened on the days leading to that June 6 peak, when it hit $5, and it has already retreated. This is a straight pump-n-dump operation and I’m surprised there has been no crackdown on these in reddit...

a good friend of mine was a trader for Goldman.

He is almost 100% positive the funds and larger firms are pumping this market to get newer retail investors to buy in and right now we are at the top or close to the top of one of the largest bear markets we have seen in a long time.

He expects maybe 2-3 weeks of small but choppy rise in the market to hit around Feb highs. Then you will see big time collapse that will make what we saw in Feb seem tiny. Then we will enter a bear market for a good 12-16 months.

I see a lot of traders blaming the "retail investor" for the general rise in stock prices, but retail investors are not even 3% of the market. The HFT and over-leveraged hedge funds are doing something for sure. And they'll blame Robinhood.

So basically we have the equivalent of "millenials have ruined the housing market" in terns of reporting quality here. Find something negative that happened, and blame it on a weired group of people without checking if the theory is even plausible.

Right up there with "4chan elected trump" and "immigrants have ruined the economy"

The stock market is the rule of the minority who is looking (sending trade orders for a specific stock, driving price up or down). And for Hertz, the pros may be looking the other way these days because that serves their purpose, letting retail investors drive the price.