Jim Cramer Says ‘People Were Worried About The MicroStrategy Incorporated (MSTR) Convert’
MicroStrategy Incorporated's late selloffs have sparked Jim Cramer's concern, as he believes the market was artificially manipulated to send prices down. Cramer thinks there's no logical reason for such a deliberate attempt, making it likely that someone wanted to bring the market down. The timing of the selloffs coincides with the end of the quarter, suggesting that buyers might be trying to cover their positions.
- The lack of transparency surrounding the identity of those behind the selloffs raises questions about the ethics of algorithmic trading and its impact on market volatility.
- Can regulatory bodies effectively address the issue of late-hours market manipulation, or will it continue to be a challenge for investors and policymakers alike?