INSANEMODE/wikAPEdia
1
0
Fork 0
mirror of https://github.com/verymeticulous/wikAPEdia.git synced 2025-06-07 18:47:49 -05:00
Code Issues Projects Releases Wiki Activity

Create 2021-07-01-GME-Appears-to-have-Thirty-Times-more-FTDs-than-TSLA.md

Browse Source
This commit is contained in:
verymeticulous 2021-07-01 10:06:47 -04:00
parent 2827f66beb
commit fbccd61848
1 changed files with 46 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

46
Confirmation-Bias-and-Discussion/2021-07-01-GME-Appears-to-have-Thirty-Times-more-FTDs-than-TSLA.md Normal file
View File

@ -0,0 +1,46 @@
Simple FTD math based on u/ChrisCraftTexasUSA post... GME appears to only have about 30 times more FTDs than TSLA... Just...
============================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/taranasus](https://www.reddit.com/user/taranasus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obh3z3/simple_ftd_math_based_on_uchriscrafttexasusa_post/) |
---
[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
The starting point of my maths: [(1) GME FTD shares Failed to Deliver SEC link: https://sec.report/fails.php?tc=36467W109 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/obet09/gme_ftd_shares_failed_to_deliver_sec_link/)
I think "FUCK ME" is an understatement here. I've been comparing GME FTDs with TSLA FTDs since TSLA is the more "Volatile" of the stocks out there. The numbers are mind blowing.
The very last datapoint we have on GME is June 14, with a FTD count of 105,712
The highest ever nr of FTDs in one day for TSLA was on DEC 17, 2020, at 1,382,452 FTDs.
At first glance, it would look like the tesla number is 10 bigger than the GME one no? Well you'd be right, however we need to remember that the number of outstanding shares for the two companies are wildly different. On Dec 17, TSLA had 905,000,000 outstanding shares, while on June 14, GME had only (assumed) 77,000,000 outstanding shares.
So if you put these percentage wise:
- TSLA: 1382452 / 905000000 * 100 = 0.1527 % of total shares were FTD
- GME: 105172 / 77000000 * 100 = 0.1372 % of total shares were FTD
So just a random day in June for GME had as many FTDs as Tesla did in its highest day ever in its history.
So then... the question on everyone's mind... what was GME's highest FTD day? Well you see everyone, Oct 13 2020: 3,210,148. On that date, according to ycharts, GME had 65.2M outstanding shares. I'm actually going to go with 70 mill shares as I think the 65M number is wrong. So
- 3210148 / 70000000 * 100 = 4.5% of total shares were FTD. THEY COULDN'T LOCATE 4.5% OF THE GOD DAMN COMPANY!
SEC what the fuck are you doing??? Seriously who looks at these numbers and goes like "YEP, THIS IS FINE!". Do your god damn job!
Sources:
GME FTD data <https://sec.report/fails.php?tc=36467W109>
TSLA FTD data <https://sec.report/fails.php?tc=TSLA>
GME Outstanding Share Count data: <https://ycharts.com/companies/GME/shares_outstanding>
TSLA Outstanding Share Count data: <https://ycharts.com/companies/TSLA/shares_outstanding>
No fuckery going on here people....