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Create 2021-05-05-The-OTC-Conspiracy-Part-2.md
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The OTC Conspiracy (Part 2) - Shining Some Light into the Dark Pool data (March Update)
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=======================================================================================
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| Author | Source |
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| :-------------: |:-------------:|
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| [u/nayboyer2](https://www.reddit.com/user/nayboyer2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/) |
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---
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[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
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I'll try to make this post short and sweet!
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Please refer to my previous post ([The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/)), which I updated with some charts and will continue to update with weekly data as it becomes available from the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData).
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For this DD, I took a look at the monthly OTC data for GME vs 33 other "popular" stocks. I chose the stocks more or less at random based on Boomer-ism, personal interest, or stock price. I'd be happy to include some additional ticker requests in the next update.
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Let's start with the monthly OTC trading data for GME.
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Table 1: GME Monthly OTC Data
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[](https://preview.redd.it/xagcvi1urcx61.png?width=699&format=png&auto=webp&s=59d24224edd893bff98bad42082bd42c5a2d5558)
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A major increase in number of OTC trades and a major decrease in average shares/trade
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For all those visual apes:
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[](https://preview.redd.it/ujdumvoc4cx61.png?width=699&format=png&auto=webp&s=d7a663e9f9cf1b3ea761329518d136bcf16fe310)
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Increasing number of OTC trades
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[](https://preview.redd.it/drp10zbl4cx61.png?width=745&format=png&auto=webp&s=e46a18e14bc7d8bbd21a854a493fd725193abf61)
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GME OTC trades are getting smaller and smaller
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That's interesting. So an increasing number of smaller trades (aka high frequency trading). I wonder how these metrics compare to other stocks...
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Let's start from the beginning.
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December 2020
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[](https://preview.redd.it/bbhpm3g6acx61.png?width=1216&format=png&auto=webp&s=d1245f7fcb0247a1788844ce5271edcd4f2ab439)
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GME with less than 500,000 OTC trades in December 2020
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[](https://preview.redd.it/jcxj1y4bdcx61.png?width=1213&format=png&auto=webp&s=8efc3fcdb1516ed73d5a2a54e98110ce260ec121)
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The number of shares/trade looks fairly typical compared to the rest
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What about % of Float traded OTC in December?
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[](https://preview.redd.it/o14u19bodcx61.png?width=1221&format=png&auto=webp&s=f1e655efcb99f04c3a0fa009569a129ce5e05784)
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Over 410% of the GME float traded OTC in December
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January 2021
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[](https://preview.redd.it/f2d2sw13icx61.png?width=1226&format=png&auto=webp&s=f9051eeb10975dfa383b6c8ef7419403febd8fe9)
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GME OTC trades markedly increased (13.75x) from December (420,166) to January (5,777,645). Only AMC, Tesla, and Apple had more OTC trades in January.
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[](https://preview.redd.it/xf2d72pficx61.png?width=1222&format=png&auto=webp&s=f31d78b3565be94f030df9302594a14c7c00a2a4)
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A substantial decrease in shares/trade, from 263 in December to 90 in January
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What about % of Float traded OTC in January?
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[](https://preview.redd.it/yj200ux2jcx61.png?width=1220&format=png&auto=webp&s=6e990d1f76814a3fcdb24b541a6c0f1573d47eb9)
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Little bit of an outlier, with almost 2000% of the GME float traded OTC in January
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February 2021
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[](https://preview.redd.it/1hjg1qdjjcx61.png?width=1228&format=png&auto=webp&s=04f55c207cb04d50f10dbedc8c2c4a9cdc9afb6f)
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Another increase in the number of trades made OTC. Only AMC had more.
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Only AMC had more OTC trades than GME in February 2021.
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[](https://preview.redd.it/nvxw191ujcx61.png?width=1226&format=png&auto=webp&s=8790195664be905be35aae0879e3d1c298b9f3d4)
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Further decrease in the number of shares/trade, from 90 in January to 39 in February
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Only Tesla (36.42) and Sony (37.9) had lower shares/trade than GME (39.0) in the OTC marketplace in February.
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What about % of Float traded OTC in February?
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[](https://preview.redd.it/6jov1s60lcx61.png?width=1222&format=png&auto=webp&s=2426aa735011c5b88468fe183085bfcf46686d52)
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Still an outlier, with over 1130% of the GME float traded OTC
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March 2021
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[](https://preview.redd.it/8c9zmwp5mcx61.png?width=1219&format=png&auto=webp&s=d65aa084618085a2679daf917037b2576b812c5c)
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Only Tesla (7.89 million) had more OTC trades than GME (7.67 million) in March
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[](https://preview.redd.it/yoj8b8zmmcx61.png?width=1226&format=png&auto=webp&s=c71a4f150235664a0a10230fb2ad707edc69ce4b)
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GME (32.87) had the lowest shares/trade of any stock in March
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[](https://preview.redd.it/xd2zzngvmcx61.png?width=1228&format=png&auto=webp&s=3c6fc76c80238e6369e2f4893d07793b50943698)
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Only SLGG (1724%) had higher % of Float traded OTC than GME (944%)
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Let's add January, February, and March OTC Trades to get Q1 2021 Total
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[](https://preview.redd.it/pwzab4i0hdx61.png?width=1418&format=png&auto=webp&s=efc9c757565f4a77849514d54b56defc9411dba8)
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Only AMC (24.2 million) had more OTC trades than GME (21.2 million) in 2021
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And what was the % of Float traded OTC in Q1?
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[](https://preview.redd.it/qy7rbq5d3ex61.png?width=1198&format=png&auto=webp&s=69ca8be113ca4b1431444886e81c9a2edd1c75b1)
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Over 4000% of the GME float was traded OTC in Q1. SLGG and AMC were also over 1000%
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Table 2:
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[](https://preview.redd.it/eo9r16vsscx61.png?width=790&format=png&auto=webp&s=6efa5a0028fab5c2c0d7a4a2a113f60657e478c7)
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Putting it all together
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Conclusions
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Please take a look at my previous post ([The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/)) for a more in-depth dive into the weekly OTC data. It also includes a breakdown of the major players in the OTC marketplace. I will continue to update that post as data is released.
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The purpose of this post was to compare the OTC trading of GME vs some other "popular" stocks.
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- The number of monthly GME OTC trades increased over 28x from September 2020 to March 2021.
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- The average shares/trade has decreased every month, from over 400 shares/trade in September to 32 shares/trade in March.
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- Only GME, Tesla, and Sony averaged less than 40 shares/trade in a month. GME has done it twice - each of the last two months.
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- The 32.87 shares/trade average in March was the lowest for any stock across any month.
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- The % of GME float traded OTC has been over 260% every month since September 2020 and increased to almost 2000% in January 2021.
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- In February, another 1131% of the GME float was traded in OTC, followed by 944% in March.
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- The % of float traded OTC is much higher for GME than any of the other stocks that were evaluated. The only exception was SLGG (1724% in March). Shout out to the sluggs!
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- Besides GME (and SLGG in March), only AMC had more than 100% of float traded OTC in any month.
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- If we look at Q1 data, over 4043% of the GME float was traded OTC in Q1 alone.
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- In Q1, only AMC (24.2 million) had more OTC trades than GME (21.2 million).
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- SLGG (1883%) and AMC (1195%) are the only other stocks with over 220% of their floats traded OTC.
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- Including SLGG and AMC, only 6 of the 33 stocks traded over 100% of their floats OTC during Q1.
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- 22 of the 33 had less than 40% of their floats traded OTC during Q1.
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- 19 of the 33 had less than 20% of their floats traded OTC during Q1.
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Bananas for Thought
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How did those sneaky Market Makers trade over 4000% of the GME float on just the OTC marketplace during Q1?
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What about those diehard, diamond-handed apes who have been holding bananas since 2020?
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Why have we seen a progressive decrease in GME volume every month?
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- 1.26 billion in January
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- 827.56 million in February
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- 679.79 million in March
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- 172.43 million in April
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- Record lows in May...
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Is the banana factory broken? Are all of the bananas finally drying up?
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Where did they come up with the 172.43 million additional shares that were traded in April?
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What about those April options contracts? Tick tock...
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How many bananas did they "produce" in their factory?
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And how many bananas are they now going to have to buy back???!!!
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OoOoOoOoOo I think they naked...
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TLDR: Buy, HODL, Vote --> tendies!!! (not financial advice)
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Appendix
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OTC Data January - March 2021 (December didn't really fit)
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[](https://preview.redd.it/7jistucubex61.png?width=1520&format=png&auto=webp&s=9633d6381bc5171307004bbb844f3bb628d9f993)
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Edit 1: Added January, February, and March to get Q1 2021 Data
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Edit 2: Added Bananas for Thought
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