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50
00-Getting-Started/2021-05-07-Recommended-Reading.md
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50
00-Getting-Started/2021-05-07-Recommended-Reading.md
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@ -0,0 +1,50 @@
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Recommended Reading
|
||||
===================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended_reading/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
When I first got a job trading, my boss recommended a couple of books - everyone in the industry has read them. Many of you probably have too, but just in case I thought I'd post this list. I'd love to hear other recommendations in the comments - most of what I read is sci-fi, history, physics and AI.
|
||||
|
||||
I'll also link to the Strand, because it's the best book store, and wherever possible we should try to not give money to monopolists like Amazon:
|
||||
|
||||
- [Reminiscences of a Stock Operator](https://www.strandbooks.com/product/9780486439266?title=reminiscences_of_a_stock_operator), by Edwin Lefevre
|
||||
|
||||
- This is the classic. You must read this if you haven't. There's nothing new under the sun. What you're attempting to do with GME is to corner the market, a tactic as old as markets. I've read this book several times and it gets better every time. There's a [new edition](https://www.strandbooks.com/product/9780470481592?title=reminiscences_of_a_stock_operator_with_new_commentary_and_insights_on_the_life_and_times_of_jesse_livermore) available too, which I haven't gotten but have heard great things about.
|
||||
|
||||
- [Against The Gods: The Remarkable Story of Risk](https://www.amazon.com/gp/product/0471295639/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0471295639&linkCode=as2&tag=urvinai-20&linkId=43635b8d6bd06a5e37fbd6f8de072107), Bernstein
|
||||
|
||||
- This is the history of risk - how we understand it, and how that understanding has evolved. Traders that survive are the ones who understand risk. I've linked to Amazon because I couldn't find it on the Strand.
|
||||
|
||||
- [When Genius Failed: The Rise and Fall of Long-Term Capital Management](https://www.strandbooks.com/product/9780375758256?title=when_genius_failed_the_rise_and_fall_of_longterm_capital_management), Lowenstein
|
||||
|
||||
- The story of LTCM - the smartest people in the room who couldn't manage risk and nearly took down the US economy when they went bust.
|
||||
|
||||
- [The Misbehavior of Markets](https://www.amazon.com/gp/product/0465043577/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0465043577&linkCode=as2&tag=urvinai-20&linkId=baf61ff7c5fd646b8e1e82d45ffca496), by Benoit Mandelbrot
|
||||
|
||||
- This is more for the math geeks who want to read about markets and fractals. I've linked to Amazon because it's not available on the Strand's website.
|
||||
|
||||
- A Random Walk Down Wall St, Malkiel
|
||||
|
||||
- It's been a while since I read it, but I remember it being an excellent overview of markets and trading. It doesn't get deep into market structure, but it's comprehensive otherwise.
|
||||
|
||||
- [Strand](https://www.strandbooks.com/product/9780393358384?title=a_random_walk_down_wall_street_the_timetested_strategy_for_successful_investing_twelfth_edition) (only a couple copies left) or [Amazon](https://www.amazon.com/gp/product/0393358380/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393358380&linkCode=as2&tag=urvinai-20&linkId=a4f466dfc73482a77ac3fee3a9ba3062)
|
||||
|
||||
- [Liar's Poker](https://www.strandbooks.com/product/9780140143454?title=liars_poker_rising_through_the_wreckage_on_wall_street) and [Flash Boys](https://www.strandbooks.com/product/9780393351590?title=flash_boys_a_wall_street_revolt), Lewis
|
||||
|
||||
- I'd be remiss if I didn't call out Michael Lewis (who I had the pleasure of meeting when he was writing Flash Boys). Liar's Poker is an awesome book about the bond trading culture. Flash Boys has some issues - he got a lot right and he got a lot wrong. But he really highlighted the conflict-of-interest that brokers face, and I thought that made the book worthwhile.
|
||||
|
||||
- Honorable mentions:
|
||||
|
||||
- [The Predictors](https://www.strandbooks.com/product/9780805057577?title=predictors_how_a_band_of_maverick_physicists_used_chaos_theory_to_trade_their_way_to_a_fortune_on_wall_street), Bass - I read this book in the midst of learning about complex systems and chaos theory, it's the perfect complement to that if you're interested in the intersection of trading and chaos theory.
|
||||
|
||||
- [Dark Pools](https://www.strandbooks.com/product/9780307887184?title=dark_pools_the_rise_of_the_machine_traders_and_the_rigging_of_the_us_stock_market), Patterson - One of the more accessible takes on modern market structure, Scott does a great job of illustrating the influence of HFT, broker-owned dark pools, and electronic trading. He also wrote [this article](https://www.wsj.com/articles/SB10000872396390443890304578006603819735098) about me, so he's cool.
|
||||
|
||||
- [My Life as a Quant](https://www.strandbooks.com/product/9780470192733?title=my_life_as_a_quant_reflections_on_physics_and_finance), Derman - A fun read about the origins of quantitative trading, the precursor to HFT.
|
||||
|
||||
There are a couple of other much deeper books that get into market structure, execution cost analysis, and other more esoteric topics, but the books above are accessible for everyone and I think are generally great reads.
|
14
00-Getting-Started/2021-05-27-A-House-of-Cards-PDF.md
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14
00-Getting-Started/2021-05-27-A-House-of-Cards-PDF.md
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|
||||
A House of Cards parts I, II, & III in PDF
|
||||
==========================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) |
|
||||
|
||||
---
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
<https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf>
|
||||
|
||||
BIIIIIIGGGG shoutout to [u/Softlykile2](https://www.reddit.com/u/Softlykile2/) for providing the link and [u/jupitair](https://www.reddit.com/u/jupitair/) for the post. Go forth and share across all of the interwebs. Let every boomer-ape absorb this information through a traditional & newspapery medium.
|
@ -0,0 +1,38 @@
|
||||
🖍 Explain w/ Crayons Series: Fundamentals of $GME! Why $GME Should Be Trading Higher
|
||||
=====================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/AaronJamesArq](https://www.reddit.com/user/AaronJamesArq/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkouqs/explain_w_crayons_series_fundamentals_of_gme_why/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||

|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
|
@ -0,0 +1,5 @@
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [Superstonk](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) | [YouTube](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s) |
|
||||
|
||||
---
|
@ -0,0 +1,298 @@
|
||||
POST AMA DD- Lucy Komisar AMA powerpoint and partial script
|
||||
===========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Many of you noticed I made a snazzy powerpoint to use during the Lucy K AMA today, but didn't get to use it due to technical difficulties. So even though it's not the same, here is the bulk of what was intended for the interview, including Lucy's written script. Knowledge is Power! 💪
|
||||
|
||||
[](https://preview.redd.it/g8nivrt6l6171.jpg?width=677&format=pjpg&auto=webp&s=60102104cecd6de43dfc9d914a4525be62e1f80b)
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
Lucy Komisar AMA Part 2 [(Link here)](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s)
|
||||
|
||||
Topic of Discussion- The SEC
|
||||
|
||||
[](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec)
|
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|
||||
Securities and Exchange Commission
|
||||
|
||||
THE SEC for Superstonk- Script By Lucy Komisar
|
||||
|
||||
*When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."* --- Frédéric Bastiat, 19th century French Economist
|
||||
|
||||
How the SEC was created
|
||||
|
||||
One reason for the stock market collapses in 1929 was watering stock. A meme went "he who sells what isn't his'n must pay it back or go to prison." Traders would print up counterfeit stock certificates. Sound familiar. Naked short selling. The crash that started the depression.
|
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|
||||
[](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990)
|
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|
||||
Ferdinand Pecora
|
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|
||||
1932 Ferdinand Pecora was an immigrant working class kid from Sicily who put himself through New York Law School. He was hired in 1932 by the Senate Banking Committee to investigate the causes of the crash, to do a whitewash, but he didn't get the memo. His hearings exposed such practices as pools to support bank stock prices. Such as Let's all coordinate trades to pump up the stock. Sound familiar? GameStop? National City Bank (now Citibank) had hidden bad loans by packaging them into securities and selling them off to unwary investors. Sound familiar? Mortgage-backed securities that tanked? And that the bank sellers knew would tank?
|
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|
||||
The findings of the Pecora Commission exposing corruption of the financial industry let to public support for regulation, -- it took really dirty stuff to move the pubic -which would be the Glass--Steagall Banking Act of 1933, the Securities Act of 1933, and the Securities Exchange Act of 1934. That last set up the SEC.
|
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|
||||
Franklin Roosevelt appointed Joseph Kennedy (father of Jack and Robert) SEC chair. He had built the family fortune on financial manipulation, but Roosevelt thought he knew where the bodies were buried, who the miscreants. So the SEC cleaned up the Wall Street stables for five years. Then Kennedy's buddies of the financial oligarchy took charge again, in early regulatory capture.
|
||||
|
||||
Pecora wrote a memoir, Wall Street Under Oath. He said: "Bitterly hostile was Wall Street to the enactment of the regulatory legislation." What, the thieves don't want rule of law? About disclosure rules, he said that "Had there been full disclosure of what was being done in furtherance of these schemes, they could not long have survived the fierce light of publicity and criticism. Legal chicanery and pitch darkness were the banker's stoutest allies." Think about who are their allies today.
|
||||
|
||||
[](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1)
|
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|
||||
Irving Pollack- Father of the SEC Division of Enforcement
|
||||
|
||||
1985 Irving Pollack
|
||||
|
||||
Fast forward about half a century. With the support of friends in Congress, Wall Street has neutered the securities acts by assuring the SEC would not enforce them. It made sure its foxes were guarding the henhouse. But the corruption was sometimes inconvenient. In 1985, the National Association of Securities Dealers, now FINRA, which represents the brokers, hired Irving Pollack, a former SEC commissioner who was honest, to look at short selling. Among his report's proposals: reporting of short interest -- the amount of short sales not yet covered -- should be public and perhaps more frequent. A borrowing for delivery in broker-dealer transactions should be required. A mandatory buy-in should be adopted for a delivery after a reasonable period when there has been a fail. That means the broker for the buyer who hasn't gotten the shares can buy them on the market and charge the short seller's broker. There should be surveillance of large short-interest positions, shorts not yet covered.
|
||||
|
||||
Did the SEC adopt these proposals with enthusiasm? Obviously not. Short interest is not reported frequently. Broker dealers "locate" instead of borrow or they use counterfeit shares. There's no buy-in. Buy-ins were allowed but not required. And Leslie Boni, an academic who in 2004 did a paper for the SEC on buy-ins said they were rare. But requiring buy-ins would make the stock go up, the shorts lose money.
|
||||
|
||||
And there was no surveillance of large short-interest positions.
|
||||
|
||||
In fact, corruption would be increased thanks to friends of Wall Street president Bill Clinton and his collaborator Treasury Secretary Robert Rubin (formerly of Citibank) who in 1999, killed the Glass-Steagall Act which had separated investment banking from retail banking. Retail banks till then could not use depositors' funds for risky investments. Only 10% of their income could come from selling securities.
|
||||
|
||||
That sets the stage for the last few decades.
|
||||
|
||||
2004 RegSHO set up to fail
|
||||
|
||||
The SEC, battered with complaints, in July 2004 promulgated Reg SHO, SHO for short selling. The hedge funds and big brokers who had been or would be shown to be illegally shorting all lobbied against it. It was a tepid reform of short selling that was Swiss-cheesed with loopholes. Think of Al Capone writing the tax laws. (On the other hand, his crooked progeny do write the tax laws!) Reg SHO would be implemented in 2005
|
||||
|
||||
The SEC knocked out a proposal for penalties for failing to deliver.
|
||||
|
||||
And it wrote two giant exceptions into Reg SHO. Ex-clearing and market makers.
|
||||
|
||||
The rule didn't apply to ex-clearing, which means clearing outside the DTCC, The Depository Trust Clearing Corporation, the national stock clearing company. (Yes, it's a private company owned by the broker dealers) It applied only to trades going through a registered clearing agency, i.e. what got sent through the DTCC. It said ex-clearing was "rare."
|
||||
|
||||
Sales that avoided clearing agencies could fail -- not be delivered -- without buyers' brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks.
|
||||
|
||||
The major perpetrators are the large banks, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately [ex-clearing], RegSHO doesn't apply. Now about 40% of trades go through dark pools. *If a trade failed ex-clearing, it didn't fail at the DTCC!*
|
||||
|
||||
Reg SHO also didn't apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house.
|
||||
|
||||
Even stocks that cleared through the DTCC were not always covered. The brokers got a "grandfather clause" that allowed existing fails to continue! Because we know that brokers simply rolled them over. And brokers didn't have to close out the shares they had sold short before the stock went on the Threshold List which includes shares that for five consecutive settlement days had fails to deliver of 10,000 shares or more at a clearing agency and where the level of fails was equal to at least one-half of one percent of the issuer's outstanding shares.
|
||||
|
||||
Then brokers were subject to mandatory covering only on the fifth day. Then the broker-dealer had 13 days to deliver the shares to the buyer or lender, and if it failed to do so, it could not trade that stock until it did. But the SEC knew, because staff wrote a paper on it, how options conversions allowed brokers to put off fail dates forever.
|
||||
|
||||
MARKET MAKERS
|
||||
|
||||
RegSHO allowed an options market maker exception, called after the person who designed and pushed for it: the Madoff Exception! (Did I say the crooks wrote the rules?)
|
||||
|
||||
[](https://preview.redd.it/ndifb6fvk6171.png?width=1482&format=png&auto=webp&s=4b96285ed2e17c6fa057802f34861c4c532400c0)
|
||||
|
||||
Bernie Madoff, who died in prison in Apr 2021
|
||||
|
||||
In prison in 2012 Madoff told Forbes journalist Diana Henriques: "I fell into my crime of staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great." Clueless, or complicit? You just don't go there.
|
||||
|
||||
The SEC in 2007 eliminated Uptick Rule that requires short sales to be conducted at a higher price than the previous trade. Not helpful if the purpose is to batter down the stock price. It was never enforced.
|
||||
|
||||
2008 Stock lending and taking care of the banks
|
||||
|
||||
According to the SEC Office of Economic Analysis (2008) Reg SHO in effect since 2005 had not reduced outstanding fails. Many stocks remained on the SEC Regulation SHO Threshold List for hundreds of trading days
|
||||
|
||||
For years, the SEC claimed naked short selling and fails to deliver were not a problem. Once things began to go sour in 2008, the first thing the SEC did was ban naked short selling in 17 financial stocks plus Fannie and Freddie. It was ironic, since the big banks/brokers had been carrying out the scam on others. Hoist on their own petard.
|
||||
|
||||
And they chose the solution that people battling naked short selling had advocated for years. A July 2008 order said no traders could make trades involving those institutions unless they had pre-borrowed the security or otherwise had it available in their inventory. They had to deliver the security on the settlement date. Borrow shares before you sell them short. Stop the counterfeiting. All the regs that came out were because naked shorting, the counterfeiting of shares, was undermining banks. The SEC went from nothing is happening till the fall of 2008 that the market coming apart because of naked shorting. They chose the solution that people battling naked short selling had advocated for years. Borrow shares before you sell them short. Stop the counterfeiting.
|
||||
|
||||
The SEC said it was investigating the collapse of Bear Stearns. It had been massively naked shorted. The SEC didn't come up with anything.
|
||||
|
||||
[](https://preview.redd.it/jca68d5g56171.jpg?width=330&format=pjpg&auto=webp&s=741e78b0f0b0ac9ab85b0f27f872316eabbca976)
|
||||
|
||||
Ted Kaufman- former US Senator, Delaware
|
||||
|
||||
2009 Kaufman and the hard locate
|
||||
|
||||
A little-known backstory involved former Delaware Senator Ted Kaufman who ran Biden's post-election transition team. It shows how big stock market players and the institutions they control have blocked attempts to deal with naked short selling. Kaufman was Biden's longtime chief of staff, and was named to the Senate seat vacated by his boss when Biden became Barack Obama's vice president.
|
||||
|
||||
After the 2008 market meltdown that included abusive naked short selling of Bear Stearns and Lehman Brothers, Kaufman, a Democrat, and Georgia senator Johnny Isakson, a Republican, introduced legislation that directed the SEC to write regulations to end the practice. They determined that the SEC's current regulations were unenforceable. Hedge funds could spread rumors, do massive shorts without locating stocks, and deliver after the prices dropped.
|
||||
|
||||
In July 2009, Kaufman and six colleagues from both parties wrote to the SEC, proposing a "hard locate" plan that would ban all short sales unless the executing broker first obtained a unique identification number for the shares, perhaps through an automated centralized system. This would prevent multiple short sales on the basis of a single share.
|
||||
|
||||
According to Jeff Connaughton, then Kaufman's chief of staff, months before the letter, "the DTCC (the national stock clearing agency) had gone to the SEC with a proposed solution to naked short selling that looked like Kaufman's solution, with the DTCC creating a centralized database that would prevent the same shares from being used for multiple short sales.
|
||||
|
||||
The DTCC told Connaughton, 'We got pulled back.' They meant, he said, by their board, by the Wall Street powers-that-be." Because in the case of the DTCC as well as the SEC, the fox is guarding the henhouse.
|
||||
|
||||
In 2009 staffers of the Senators met with the SEC's Enforcement Division to find out the status of its investigation into the naked short selling of Bear Stearns and Lehman stock. SEC lawyers told them they'd have to be patient and that the investigation would take at least another year. It never happened.
|
||||
|
||||
[](https://preview.redd.it/m6a9h2jl56171.png?width=263&format=png&auto=webp&s=4074499e1301f9ad2712d1a806d20a0383873fa2)
|
||||
|
||||
Ted Kaufman as long time advisor to the current President
|
||||
|
||||
2010 Kaufman continued to try to fight naked short selling in the Dodd-Frank debate. SEC had been ordered by the Dodd-Frank law of 2010 11 years ago to require more transparency in short selling and stock lending. It has ignored it.
|
||||
|
||||
There were some alleged improvements made that year, 2008.
|
||||
|
||||
The market makers exemption was eliminated, because the SEC said substantial levels of fails had continued in Threshold securities, and a significant number were the result of market maker exceptions. But they still had 6 days to settle their trades. So you have market makers failing and rolling their shares over every 5 ½ days.
|
||||
|
||||
The grandfather provision on Threshold securities was eliminated. Unless its position in Threshold securities was closed, a broker-dealer couldn't effect further shorts in them without borrowing or arranging to borrow the securities. Don't worry, they finessed that.
|
||||
|
||||
The amendments addressed fake borrows. It said that where a broker-dealer entered into an arrangement with another party to purchase or borrow securities, and the broker-dealer knew or has reason to know that the other party would not deliver securities in settlement of the transaction, the purchase or borrow would not be *"bona fide."*
|
||||
|
||||
It repeated that: "The NSCC - clears and settles the majority of equity securities trades conducted on the exchanges and in the over-the-counter market."
|
||||
|
||||
So the rules still didn't apply to ex-clearing and dark pools. So the ex-clearing route to naked shorts was protected. fails could be concealed at the start by ex-by not reporting them to the NSCC, the National Securities Clearing Corporation.
|
||||
|
||||
In fact, the dealers could use ex-clearing to opt out of fails from trades through the exchanges. They could take them onto their own books and deal with the fails as they chose to, meaning do nothing, let the fails sit*.*
|
||||
|
||||
And protecting the interests of the big banks/brokerages, the SEC did not include a hard locate requirement in its amendments to Reg SHO.
|
||||
|
||||
But the SEC occasionally takes enforcement actions that go after low-hanging fruit, ie don't bother anyone significant or don't order more than minor penalties, the cost of doing business.
|
||||
|
||||
2003 Sedona/Badians
|
||||
|
||||
The Sedona case, where the Badian brothers ran a death spiral financing scheme that in 2001 involved providing a loan that would be repaid in shares. And then it did a massive shorting attack that knocked down the price of the shares from $6 to 20cents. the SEC in February 2003 filed a complaint against Thomas Badian and his company, Rhino, for fraud and market manipulation of Sedona shares. Badian and Rhino immediately settled with the SEC for a $1-million fine without admitting or denying guilt. The $1 mil was a pittance, cost of doing business.
|
||||
|
||||
In 2006, the SEC filed a civil suit against Andreas Badian, four officials of Pond Equities and a trader at Refco, all involved directly in the naked shorting, but not against Ladenburg, the high-profile broker-dealer that facilitated the deals and collaborators.
|
||||
|
||||
[](https://preview.redd.it/fqrt6qam66171.jpg?width=960&format=pjpg&auto=webp&s=f91e36651dc8f18ba0e83a6e77d3bc079b718f3c)
|
||||
|
||||
2005 Eagletech
|
||||
|
||||
Eagletech, which had an invention, new at the time, to push phone calls to other devices. letting people to usee a single phone number that followed them from phone to phone. He became a target of a group of death spiral financing criminals working with Salomon Smith Barney in New York five Salomon officers and a group of investors offering to buy convertible preferred shares from Eagletech for up to $6 million
|
||||
|
||||
They did a pump up and then naked shorting so the stock dropped from $14 to 75 cents, reducing the market value by $113 ml. The stock went to 2 cents. The FBI was investigating. They busted 17 members of organized crime, including the crooks that ran the scheme against Eagletech.
|
||||
|
||||
SEC filed suit against Serubo, Labella and organized crime collaborators who ran the corrupt operation that got control of stock of Eagletech. It said they generated in excess of $12.7 million from the sale of Eagletech stock. Members of his Salomon Smith Barney financing team and their options market-makers in Chicago were selling shares and then failing to deliver.
|
||||
|
||||
Serubo, Labella and organized crime collaborators would be banned from penny stock trading and pay back the ill-gotten gains and fines. I couldn't find any penalties against the Salomon Smith Barney team or their options market maker collaborators.
|
||||
|
||||
Then the SEC filed suit against the victim, Eagletech, to deregister its shares because it couldn't afford several hundred thousand dollars to file audited financial reports. The delisting is like a bankruptcy, all investors are wiped out and the naked shorters never have to cover. The SEC finished what the mob started, it killed the company.
|
||||
|
||||
2007 Goldman
|
||||
|
||||
From at least March 2000 to May 2002, that's more than 2 years, certain customers of Goldman Clearing used the firm's direct market access, automated trading system to unlawfully sell securities short in advance of follow-on and secondary offerings when they could get the shares cheaper.
|
||||
|
||||
Although they were selling the offered securities short, used Goldman Clearing's direct market access, automated trading platform, the REDI System, preparing their own orders to sell on computer terminals and falsely marked them "long." The orders were routed directly to the New York Stock Exchange and other markets for execution.
|
||||
|
||||
Goldman Clearing's own records contained information that Customers were selling securities short and that they were misrepresenting their "short" sales as "long". Goldman Clearing's records showed that the customers were repeatedly failing to deliver to Goldman Clearing the securities that they purported to sell long.
|
||||
|
||||
So for two years of allowing shorts to be marked longs, Goldman had to pay civil money penalty of -- wait for it -- $1 million
|
||||
|
||||
2012 SEC v OptionsXpress
|
||||
|
||||
OptionsXpress, a wholly-owned subsidiary of Charles Schwab repeatedly engaged in sham transactions, known as "resets," designed to give the appearance of having purchased shares to close-out an open failure-to-deliver position while in fact not doing so.
|
||||
|
||||
OptionsXpress had its customers buying shares and simultaneously selling call options that were the equivalent of selling shares short. The purchase of shares created the illusion that the firm had covered the short; however, the shares were never actually delivered to the buyers because on the same day, calls were exercised, effectively reselling the shares. The purpose was to perpetuate an open short position.
|
||||
|
||||
In 2009, the six optionsXpress customer accounts bought $5.7 billion worth of securities and sold short approximately $4 billion of options. They did this to a couple of dozen companies. In January 2010, the customers who did the scam accounted for 48% of the daily trading volume in Sears. In the end OptionsXpress had to pay $4 million. Cost of doing business.
|
||||
|
||||
[](https://preview.redd.it/si49uknr56171.jpg?width=206&format=pjpg&auto=webp&s=56bf1d0512b8fdfc9e42c662d506fd8bc85c821f)
|
||||
|
||||
Gary Aguirre- Former Investigator for SEC & Whistleblower
|
||||
|
||||
The insiders tell the SEC corruption
|
||||
|
||||
The story of Gary Aguirre says it all
|
||||
|
||||
As a student at Georgetown Law School, Aguirre got a prize from the SEC for paper on Wall Street corruption as detailed in the Pecora hearings that led to passage of the Securities Act of 1933. So we know where he stands. In September 2004, he started as a senior counsel at the SEC Division of Enforcement. He said, "I understood what SEC was supposed to be doing: keep Wall Street from running amok. The SEC in July had promulgated Reg SHO, which it said would stop abusive naked short selling. He recalled, "The first thing I noticed is there seemed to be a deference to the large law firms who represented Wall Street players. And there were a lot of people there not at the same skill set level as the attorneys representing some of the players from Wall Street.
|
||||
|
||||
Aguirre was assigned to an investigation that implicated a powerful Wall Street insider. John Mack had been head of the hedge fund Pequot Capital Management. The suspicion was that Mack had tipped Pequot's then CEO, Arthur Samberg, of General Electric's pending acquisition of Heller Financial. Mack was the only suspect. Without that investigation, the SEC would never be able to even consider the filing of insider trading charges against Mack, Samberg, Pequot or anyone else arising out of Pequot's trading in GE and Heller
|
||||
|
||||
Aguirre refused to stop his investigation; Senior officials within the SEC's Division of Enforcement blocked an SEC subpoena seeking Mack's testimony and records in the investigation. Aguirre had contacted the Office of Special Counsel to discuss the filing of a complaint about the SEC's protection of Mack. Three days later, while on vacation, Aguirre was abruptly fired without warning on September 1, 2005, he was fired by phone.
|
||||
|
||||
An SEC official told him it would be very difficult to take Mack's testimony because of his political influence. He told him that Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda was Linda Thomsen, the head of enforcement. Aguirre confirmed the conversation in two e-mails to the official the next morning. The first email referenced Ferdinand Pecora.
|
||||
|
||||
Aguirre gave key papers to Charles Grassley on the Senate Finance Committee. And to the Judiciary Cmte. There were hearings in 2006.
|
||||
|
||||
He told Congress that an SEC official told him it would be very difficult to take Mack's testimony because of his political influence. The official told him Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda Thomsen was head of enforcement.
|
||||
|
||||
He said the SEC "favor" to Mack cleared the way for his return on June 30, 2005, as Morgan Stanley's CEO with no danger of an SEC lawsuit for insider trading. Mary Jo White would become chair of the SEC 2013 to 2017, appointed by Wall Street's favorite guy, Barak Obama, who apparently didn't know the Aguirre story.
|
||||
|
||||
Later David Kotz, the SEC's inspector general, said he had found evidence that "raised serious questions about the impartiality and fairness" of the SEC's investigation of possible insider trading at the Pequot Capital Management hedge fund.
|
||||
|
||||
Kotz also condemned what he called the "common practice" of giving outside lawyers' clients access to high-level SEC officials when they had complaints about front-line investigators. Kotz made numerous recommendations for reform, which the SEC ignored.
|
||||
|
||||
Aguirre sued the SEC and won ¾ of million $ in back pay and damages.
|
||||
|
||||
Mack, after being CEO Morgan Stanley, became CEO of Credit Suisse, then chair of Morgan Stanley and now is senior advisor to the global investment firm Kohlberg Kravis Roberts, whose strategic partners are hedge funds.
|
||||
|
||||
[](https://preview.redd.it/odru363cqa171.jpg?width=200&format=pjpg&auto=webp&s=852f95acbb1d5354e65c9f6b1fc32c131c93a32a)
|
||||
|
||||
Mark Fickes
|
||||
|
||||
2005 Fickes and Overstock, Chris Cox
|
||||
|
||||
Here's another case of an SEC staffer who tried to do the right thing but was pulled back. In August 2005, Overstock.com filed suit against hedge fund Rocker Partners and the equities research firm, Gradient Analytics saying they illegally colluded in short-selling the company while paying for negative reports to drive down share prices.
|
||||
|
||||
Byrne took his information to the SEC. Mark Fickes of the SEC San Francisco office. He said, "Look at the patterns, their stocks are naked shorted by Dan Loeb, David Einhorn, Steven Cohen, David Rocker. [Look at] the dates journalists Bethany, Boyd, Remond, Greenberg wrote trash jobs. [that was Bethany McLean writing for Fortune, Carol Remond for Dow Jones, Roddy Boyd for the NY Post, Herb Greenberg for MarketWatch] Byrne said, "It was the same pattern, each one of these one of these journalists writes a hatchet job, there is naked shorting, SEC action begins against them, and the Milberg Weiss lawsuit. In every case, it's part of same bum rush on the stock."
|
||||
|
||||
Byrne argued that Gradient, an investment advisor which was putting out fraudulent reports the shorters used, should be investigated -- and that the journalists were central to his case. The subpoenas were issued to Carol Remond and Herb Greenberg to provide information about conversations that they had with stock traders and analysts.
|
||||
|
||||
Fickes issued the subpoenas with the approval of the SEC's head of enforcement, Linda Thomsen. It was announced that the SEC was investigating Gradient and had issued subpoenas to Carol Remond, Herb Greenberg and to Jim Cramer of TheStreet. David Rocker sold his shares in TheStreet. A month later Cramer sold some of his shares.
|
||||
|
||||
Bryne: "Jim Cramer gets a subpoena; you have three days to disclose it. He knows TheStreet will crater, he can't just go sell it with undisclosed material information. He can get a plan to sell x amount per quarter after he gets the subpoena. TheStreet broke under a dollar."
|
||||
|
||||
"Why would a hedge fund guy have an interest to own a financial publication? Cramer discloses in his books stuff that is widely illegal. Protection for journalists is about protecting sources about stories they are writing, not about their own corrupt market manipulation."
|
||||
|
||||
The question is whether freedom of the press extends to reporters whose articles are part of illegal naked short selling scams. Fickes wanted to know.
|
||||
|
||||
[](https://preview.redd.it/s650tr5z56171.jpg?width=330&format=pjpg&auto=webp&s=e085154954818611d3c78b7b0ed95a00a02303c7)
|
||||
|
||||
Chris Cox- Former SEC Chair
|
||||
|
||||
He was summoned to Washington to meet with the new SEC chair, Cris Cox. Ultimately, Byrne said, the SEC caved under the media pressure. Cox killed the subpoenas and the SEC dropped its investigation of Gradient. Cox was SEC chair when Gary Aguirre was fired.
|
||||
|
||||
What should the SEC do now? Solutions are there if it wants to protect investors, not do as it is told by the big broker-dealers.
|
||||
|
||||
- Require buy-ins. Require the broker of the investor who doesn't get shorted stock delivered to buy it on the market and charge the seller's broker. Of course, requiring buy-ins would make the stock go up, the shorters lose money.
|
||||
|
||||
- Restore the uptick rule so shorters can't sell for less that the last shorted trade. That would stop shorters hammering a stock down to bankruptcy.
|
||||
|
||||
- Create a consolidated audit trail (CAT) to collect order and trade execution information to identify and enable punishment of illegal trading activities, including naked short selling. More than a decade after the SEC promised it, following the 2010 flash crash, CAT doesn't exist.
|
||||
|
||||
- Impose real penalties on transgressors, like loss of license.
|
||||
|
||||
- Send cases of serial trading cheats to the Justice Department for criminal prosecution.
|
||||
|
||||
- End the revolving door with Wall Street.
|
||||
|
||||
- What will Gary Gensler do? And will he listen most to the pushback from the big brokers or investors like people on Superstonk?
|
||||
|
||||
[](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a)
|
||||
|
||||
Gary Gensler- Current SEC Chair
|
||||
|
||||
_____________________________________________________________________________________
|
||||
|
||||
Questions
|
||||
|
||||
[](https://preview.redd.it/wwox8t4896171.jpg?width=998&format=pjpg&auto=webp&s=01378e780fc8c6f174a6c840b76132b2b9e33c1e)
|
||||
|
||||
- You mentioned in your last interview that NSS has been going on for a very long time, but that it ends with Gamestop. Can you clarify further *how* you see this ending with Gamestop?
|
||||
|
||||
>LK: I meant the story I tell in the book I am writing ends with GameStop. NSS goes on.
|
||||
|
||||
[](https://preview.redd.it/x8tcjb0m96171.png?width=1234&format=png&auto=webp&s=051d06480a45392f1cf48bd7579fc85a6f609447)
|
||||
|
||||
- Understanding that this is an unprecedented situation, we would simply like your personal opinion: Do you think that Wall Street/ US Gov't could/would pull some "trickery" to prevent the short squeeze from happening? What rules are they unable, or unwilling to break?
|
||||
|
||||
>LK: We saw in GameStop trickery using dark pool trades of single shares. We know -- even the SEC admits -- that brokers create fake options conversions shares. They will break every rule, helped by the SEC which chooses not to enforce or orders mild penalties.
|
||||
|
||||
[](https://preview.redd.it/6prc9two96171.jpg?width=1079&format=pjpg&auto=webp&s=5901203d74c13d3f0177dc484a6838a6b62a12e6)
|
||||
|
||||
now i want to play stardew valley
|
||||
|
||||
- What is your recommendation for finding a trustworthy, easily digestible news source for those of us who "don't have the time" to watch full hearings or read full bills?
|
||||
|
||||
>LK: Depends on the subject. An aggregator I like is Naked Capitalism which has a lot of economic stories. The Daily Poster of David Sirota. I think the American Prospect that ran my NSS story is good. You have to try various online media to find the ones that do what your asking.
|
||||
|
||||
[](https://preview.redd.it/iosfnjcv96171.jpg?width=1080&format=pjpg&auto=webp&s=dc409dc5f02241f1aa8d009096fcb65758e029a9)
|
||||
|
||||
*For clarification- The Hearings will be held: by U.S. Senate Committee on Banking, Housing, and Urban Affairs on May 26, and by the U.S. House Committee on Financial Services on May 27.*
|
||||
|
||||
- Congress has 2 hearings scheduled this week that are bringing megabank execs up to testify. In your opinion, will the correct questions be asked, or do you believe this is just political theatre?
|
||||
|
||||
>LK: It's political theater. This is the same congress that has not reinstated the Glass -Steagall act of 1933 that separated commercial and investment banking, meaning keeping depositors' money from being used for banks own investments. thanks to Bill Clinton and Robert Rubin, the friends of Wall Street. You can tie the 2008 crash to that.
|
||||
|
||||
_________________________________________________________________________________________________
|
||||
|
||||
Thank y'all again for being so awesome through technical difficulties!! The show must go on, right?
|
||||
|
||||
Thanks again to Lucy Komisar for joining us for a second time. Lucy will be back next Wednesday to speak with Wes Christian. Details to come in tomorrow's Jungle Beat! Be sure to follow [u/theJungleBeat](https://www.reddit.com/u/theJungleBeat/) so you catch the latest news from around Superstonk, every day at market close!
|
||||
|
||||
I did speak to Lucy on the phone tonight and we agreed to both have a glass of wine in honor of Supertonk. And she said she will be sure to charge her iPad ;) 🥂
|
@ -0,0 +1,44 @@
|
||||
OFFICIAL AMA- Wes Christian with Special Guest Host Dave Lauer- Tuesday, May 18, 2021 @ 4:30 p.m. Eastern
|
||||
=========================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/) |
|
||||
|
||||
---
|
||||
|
||||
[AMA 🏆](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)
|
||||
|
||||
This is the official AMA (Ask Me Anything) post for Wes Christian, who will be joining special guest host Dave Lauer- [u/d](https://www.reddit.com/u/jsmar18/)lauer- on [Superstonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) for a one-on-one discussion, with questions influenced by and taken directly from this post.
|
||||
|
||||
Please make comments on this post directly, as we will be referencing this exclusively to form the outline of questions for the AMA.
|
||||
|
||||
Please visit the [Superstonk Youtube Channel](https://youtu.be/2rJujnpKiqM) and subscribe and enable notifications so that you are prepared for the [live stream on May 18, 2021 @ 4:30 p.m.](https://youtu.be/2rJujnpKiqM)eastern.
|
||||
|
||||
Don't forget to like the video for more exposure! 👍
|
||||
|
||||
---
|
||||
|
||||
[](https://preview.redd.it/zw5a517hs6z61.png?width=170&format=png&auto=webp&s=569504eb49246cae1e7b869684ae36057ce46963)
|
||||
|
||||
Wes Christian
|
||||
|
||||
[Tuesday at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!!
|
||||
|
||||
His primary focus in the last 11 years has been suing Wall Street for fraud.
|
||||
|
||||
Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, [u/dlauer](https://www.reddit.com/u/dlauer/) has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back...
|
||||
|
||||
Which is why we're having [u/Dlauer](https://www.reddit.com/u/Dlauer/) cohost* this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀
|
||||
|
||||
*the AMA will be curated and hosted by [u/Jsmar18](https://www.reddit.com/u/Jsmar18/)
|
||||
|
||||
This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED. Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility.
|
||||
|
||||
---
|
||||
|
||||
YOUTUBE INFO
|
||||
|
||||
Please note... This channel is not monetized, nor will it ever be (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube.
|
||||
|
||||
Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes
|
@ -0,0 +1,25 @@
|
||||
Biggest Broker In Sweden, Avanza, Not Providing Votes or Verification of Ownership.
|
||||
===================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Sometimesiworry](https://www.reddit.com/user/Sometimesiworry/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkmqvp/biggest_broker_in_sweden_avanza_not_providing/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
The swedes have been fighting with Avanza over this for weeks now. On the Swedish sub iskbets a post have gained traction about a Swedish ape calling the financial inspection agency to talk about this. He got the answer that this indeed seems like malpractice and that we should contact the "konsumentverket" and make a complaint.
|
||||
|
||||
So all swedes reading this, go to [www.konsumentverket.se](http://www.konsumentverket.se/) and make a complaint. We are getting royaly fucked
|
||||
|
||||
EDIT: Avanzas clearing bank is BNP Paribas. BNP was heavily involved with the Panama papers. As soon as this is over I'm getting the duck out of there.
|
||||
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Drollific](https://www.reddit.com/user/Drollific/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkq6ni/the_biggest_broker_in_sweden_doesnt_allow/) |
|
||||
|
||||
---
|
||||
|
||||

|
@ -0,0 +1,61 @@
|
||||
Fidelity didn't sell. Don't believe the FUD.
|
||||
============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/locomoroco](https://www.reddit.com/user/locomoroco/) | [Reddit](https://www.reddit.com/r/GME/comments/lhfsbq/fidelity_didnt_sell_dont_believe_the_fud/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
Edit 1: *Disclaimer: I am not a financial advisor and IANAL. This material and information contained here are for educational purposes only. You should not rely on this material to make financial or legal decisions*.
|
||||
|
||||
I commented this, but it deserved a post.
|
||||
|
||||
You probably saw the WSJ claiming Fidelity sold along with several post here about the same. Seems like more propaganda. I've also noticed several post claiming that we should leave Fidelity. I swear hedgies are desperate now.
|
||||
|
||||
They didn't sell. What happened was a transfer of ownership. The WSJ article is worthless, because all they did was look at the 13G form submitted on February 10, 2021 which only shows 87 shares. See below.
|
||||
|
||||
Even if they really had sold, this occurred Jan 26-29 which means that it's already included in the [FINRA SI% 78%. ](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0)Don't believe everything you read specially without ANY SOURCES.
|
||||
|
||||
I think everyone is confused about what form 13G is. [It represents change of ownership when a party acquires more than 5% beneficial ownership, NOT SELLING.](https://www.investopedia.com/terms/s/schedule13g.asp) So on [February 8, 2021 FMR LLC gave beneficial ownership of 9,276,087 shares to FMR Co. LLC.](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt)
|
||||
|
||||
Then on [February 10, 2021 FMR LLC gave beneficial ownership of 87 shares to Strategic Advisers LLC.](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001389/filing.txt)
|
||||
|
||||
FMR LLC has 0 shares of beneficial ownership now.
|
||||
|
||||
FMR Co LLC has 9,276,000 shares of beneficial ownership now.
|
||||
|
||||
Strategic Advisers LLC has 87 shares of beneficial ownership now. Based on this Fidelity fund, [FCTDX](https://fundresearch.fidelity.com/mutual-funds/summary/31635R363), this group manages it based on the [prospectus](https://www.actionsxchangerepository.fidelity.com/ShowDocument/ComplianceEnvelope.htm?_fax=-18%2342%23-61%23-110%23114%2378%23117%2320%23-1%2396%2339%23-62%23-21%2386%23-100%2337%2316%2335%23-68%2391%23-66%2354%23103%23-16%2369%23-30%2358%23-20%2376%23-84%23-11%23-87%230%23-50%23-20%23-92%23-98%23-116%23-28%2358%23-38%23-43%23-39%23-42%23-96%23-88%2388%23-45%23-55%23-85%23112%230%2340%23-99%2332%2357%23-74%235%23-89%23-105%23-67%23126%2377%23-126%23100%2345%23-44%23-73%23-15%238%23-21%23-37%23-17%23-14%23-98%23123%23-18%2345%23-59%23-82%2367%2383%23112%2317%2370%23-78%2378%23-50%2336%23-86%23-90%2381%23-21%23-119%23-30%23120%2349%2328%23-98%2333%2351%23-78%23-119%23-16%2350%23-58%2350%23102%2348%23-17%2352%23-99%23#doc_div).
|
||||
|
||||
The additional 6,800,276 shares belong to this fund, [FDMLX](https://fundresearch.fidelity.com/mutual-funds/summary/316345875#), and I believe they remain there since the transfer of ownership did not include this number.
|
||||
|
||||
Edit 2: IMPORTANT: From the comments, some people still believe Fidelity sold on 12/31/2020 to FMR Co LLC. So, I am providing more info on it. My brain hurts from all the legal jargon.
|
||||
|
||||
THEY DIDN'T SELL. To understand why I say this let's look at Schedule 13D. But first:
|
||||
|
||||
Look at [Item 7 which points you to Exhibit A:](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt)
|
||||
|
||||
> Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G.
|
||||
>
|
||||
> Fidelity Management & Research Company LLC * IA
|
||||
>
|
||||
> *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G.
|
||||
|
||||
Per [form 13F](https://www.sec.gov/Archives/edgar/data/1145247/000114524720000003/xslForm13F_X01/primary_doc.xml), on January 1, 2020 four companies (FMR Co., Inc., Fidelity SelectCo, LLC, Fidelity Investments Money Management, Fidelity Management & Research Company (FMR Co,. Inc)) merged and became Fidelity Management & Research Company LLC (FMR Co. LLC).
|
||||
|
||||
FMR Co. LLC is owned by FMR LLC, [per 13G Exhibit A 2021-02-08](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt).
|
||||
|
||||
> *Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC*
|
||||
|
||||
What is Schedule 13D:
|
||||
|
||||
[Schedule 13D](https://www.investopedia.com/terms/s/schedule13d.asp) is also known as the "beneficial ownership report". This is a form that must be filed with the SEC when a person or group ACQUIRES MORE THAN 5% of any class of a company's equity shares. KEYWORD, ACQUIRES, NOT SELLS.
|
||||
|
||||
In form 13G you'll see this text, [RULE 13d-1(k)(1) AGREEMENT](https://www.law.cornell.edu/cfr/text/17/240.13d-1). All this legal jargon is making my brain hurt. This agreement simply means if each person/group can individually file form 13G for all the changes within form 13G, then only one statement is required. This is why we see FMR LLC file the forms.
|
||||
|
||||
Why is December 31, 2020 important? Form 13G says, "*Institutional investors are required to file an amendment to report any changes within 45 days of the end of the year*". What are these changes? Glad you asked, CHANGE IN OWNERSHIP.
|
||||
|
||||
From the filing date of [2021-02-08](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt) to 2020-12-31, there are 39 days. They are reporting (6 days before the deadline of Schedule 13G) that FMR Co. LLC is now the beneficial owner of 9,276,087 shares.
|
||||
|
||||
They do the same 2 days later on [February 10, 2021](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001389/filing.txt), because of *changes to the information contained in a Schedule 13G form must be amended through additional reporting.* What changes? 87 shares are now owned by Strategic Advisers LLC*.* This had to be submitted *within 10 days of any month-end where the holder's ownership increases or decreases by 5% or more.*
|
@ -0,0 +1,56 @@
|
||||
The real reason Wall Street is terrified of the GME situation
|
||||
=============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
||||
I have been following GME since mid-September and over that time I have banked myself a %1300 return in the process. However, the whole time I was a little puzzled with how severe the reactions from Wall Street have been, especially this week. "The company had more than 100% of its stock sold short! That's never happened before!", you say. I know, I know, but that's [not actually not a new thing](https://www.forbes.com/2006/08/25/naked-shorts-global-links-cx_lm_0825naked.html?sh=f59ff078400b). A short squeeze, even one of this magnitude, should have squoze by now with GME up more than 10x in the span of weeks. Something is just not right. I think there is something much, much bigger going on here. Something big enough to blow up the entire financial system.
|
||||
|
||||
Here is my hypothesis: I think the hedge funds, clearing houses, and DTC executed a coordinated effort to put Game Stop out of business by conspiring to create a gargantuan number of counterfeit shares of GME, possibly 100-200% or more of the shares originally issued by Game Stop. In the process, they may have accidentally created a bomb that could blow up the entire system as we know it and we're seeing their efforts to cover this up unfold now. What is that bomb? I believe retail investors may hold more than 100% of GME (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system.
|
||||
|
||||
For you to follow this argument, you need to go read the white paper ["Counterfeiting Stock 2.0"](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) so you understand how the hedge funds can create fake stock out of thin air and disguise it so it looks like real shares. They use these fake shares in [short attacks to drive the price of a company down until they put them into bankruptcy](https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D). This practice seems to be widespread among hedge funds that go short. There is even a term for it, "strategic fails--to--deliver." Counterfeiting shares is extremely illegal (similar level to counterfeiting money) but it's very difficult to prove and even getting the court to approve subpoenas because of the way the financial industry has stacked the deck against investigations.
|
||||
|
||||
This completely explains why so many levels of the financial system seem to be actively trying to get in the way of retail investors purchasing more GME. It's not just about a short squeeze, it's about their firms' very existence and their own personal freedom. We have the opportunity to put all these people in jail by proving that we own more than 100% of shares in existence.
|
||||
|
||||
There are are 71 million shares of GME that have ever been issued by the company. Institutions have reported to the SEC via [13F filings](https://fintel.io/so/us/gme) that they own more than 102,000,000 shares (including the 13% of GME stock is owned by Ryan Cohen). Now, I don't know the delay/variance on these ownership numbers, but I think there is a pretty solid argument that close to 100% of GME is owned by these firms, if not more.
|
||||
|
||||
Moreover, there are now more than 7 million people subscribed to [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/)~~. I know lots of people here are sitting on a few hundred shares that they bought back when it was under $50. Some of us are even holding thousands. If the average number of shares owned by each subscriber is even close to 5-10, we have a very good shot at also owning a similarly enormous amount of GME.~~ Even if the average was just 10 shares per legit subscriber, that puts the minimum retail position at about 30-50% of the entire company.
|
||||
|
||||
GME has been on the NYSE threshold list for almost a month. We don't have January data yet, but I just analyzed the data from the [SEC's fails--to--deliver list for December](https://www.sec.gov/data/foiadocsfailsdatahtm) (all 65,871 lines of it) and looked up the number of shares that were likely counterfeit. For comparison, I did the same for a couple random tickers. Most companies have close to no shares not show up. Of those that do, it's a relatively small number of shares. For example, two random companies: Lowes ($LOW, ~$125B market cap) had 13,960 shares fail to be delivered at its highest point that month, Boston Beer Company ($SAM, $11.5B market cap) had 295 shares fail to be delivered.
|
||||
|
||||
How many shares of GME failed to deliver? 1,787,191. As the white papers points out, the true number of counterfeit shares can be 20x this number. How bad do you think that number will be when we get the numbers for January? I'm willing to bet its many times that. Look at how that compares to other companies' stock:
|
||||
|
||||
[](https://preview.redd.it/g723jvyhine61.png?width=445&format=png&auto=webp&s=39bad6c47b428d364de36e9888de35b79572d1da)
|
||||
|
||||
Histogram showing number of shares that weren't delivered in December (x-axis) vs the number of companies that fall into that bin (y-axis). GME is an extreme outlier.
|
||||
|
||||
I think this explains all the shenanigans going on the last few days. There is way too much counterfeit GME stock out there and DTC, the clearing houses, and the hedge funds are all in on it. That's why there has been such a coordinated effort to disrupt our ability to buy shares. No real shares can be found and it's about to cause the system to fall apart.
|
||||
|
||||
*TLDR; We probably own way more of GME than we think and that is freaking out Wall Street because it could prove they've been up to some extremely illegal shit and the whole system could implode as a result.*
|
||||
|
||||
Disclaimer: I'm just a starving engineering PhD student and I don't work in finance. I have no inside knowledge of how the financial system works and I may be wrong on some of this. This is not financial advice and you shouldn't trade based on it. I am book-smart but I still eat crayons like the rest of you. Obligatory rocket: 🚀
|
||||
|
||||
EDIT 0: Looks like I truly belong on this sub. On the first version of this post I didn't read the file description properly and summed a cumulative distribution. My numbers were wrong, but I have updated the plot and post with the correct numbers.
|
||||
|
||||
EDIT 1: You should also note this is the distribution for NASDAQ tickers, not the entire NYSE. I doubt that the distribution trend is any different though.
|
||||
|
||||
EDIT 2: Evidence that Fannie May and Freddie Mac were killed in 2008 via short attacks using counterfeit shares: [report](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf). Exactly what I think they were trying to do to GME.
|
||||
|
||||
EDIT 3: A lot of people were hung up on the "3 shares per wsb subscriber thing". I know many accounts are bots, I was intentionally underestimating that number. I have adjusted to 10 shares per "legit subscriber" to reflect this without changing the total amount I think retail owns.
|
||||
|
||||
EDIT 4: What I'm seeing on Twitter makes me think I'm being interpreted a little too hyperbolically when I say "Something big enough to blow up the entire financial system." We're not going to go back to mud huts, people. This could just be really disruptive for a short amount of time and cause a number of firms to face liquidity problems, possibly bankrupting some of them. Life will go on and I'm confident regulators and government will step in and protect people if necessary. Hopefully they pay more attention to enforcing securities laws going forward to prevent this from happening again.
|
||||
|
||||
EDIT 5: [Backup link for white paper.](https://web.archive.org/web/20210131014127/counterfeitingstock.com/CS2.0/CounterfeitingStock.html)
|
||||
|
||||
EDIT 6: I am getting thousands of messages. I won't be able to respond to all of them. Here is an FAQ:
|
||||
|
||||
1. *How do I learn investing?*I am not an authority on this, but my personal opinion is to first learn how to read a company's financial documents and value businesses and only then start thinking about putting your money into specific stocks. Read "the intelligent investor" by Benjamin Graham for this. Then learn how to think about picking stocks. I like Peter Lynch's books for this.
|
||||
|
||||
2. *What is going to happen this week?*I have no idea and I wouldn't dare to guess.
|
||||
|
||||
3. *Are you going to be killed?*I don't know where people are getting this idea. I have no special knowledge or insider contacts, and I am in no way, shape, or form an expert on the market or the system behind it. Please treat my tinfoil-hat conspiracy theories as just that. There is nothing to gain from harming me and I have no doubts about my safety. These are just personal opinions and I don't have any schemes to "take down the shorts" or anything like that. I do not advocate for you to buy, hold, or sell. I'm just postulating on how we might have found ourselves in this place.
|
@ -0,0 +1,80 @@
|
||||
$GME is a time bomb and it's highlighting a severe vulnerability in the financial system.
|
||||
=========================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/forzan](https://www.reddit.com/user/forzan/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/) |
|
||||
|
||||
---
|
||||
|
||||
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Disclaimer:
|
||||
|
||||
I am not a financial advisor and this is not financial advice. I barely understand how the stock market works. Professionally I'm a network security researcher -- my job is to find and explain vulnerabilities in other complicated systems that my smooth brain barely understands.
|
||||
|
||||
* * * * *
|
||||
|
||||
Guess what you fucking idiot -- you aren't allowed to collapse the entire financial market in less than a week using a phone app. It takes more time.
|
||||
|
||||
* * * * *
|
||||
|
||||
There are likely several million new synthetic longs of $GME, diluting the market, that were created on 01/28/21.
|
||||
|
||||
They were created by a market maker (or possibly several market makers) to stop the beginning of a short squeeze that would have bankrupted hedge funds if a margin call hit them, which ultimately could have financially impacted those market makers once liability for the shares was transferred. These shares weren't borrowed from anyone. They're imaginary. Pure fiction. A promise only a handful of entities can make.
|
||||
|
||||
The reason they did this was to buy time to save their own asses. [The reason they were allowed to do this is because regulations let them](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html).
|
||||
|
||||
The creators of those shares have 21 days to deliver. Until then, they aren't paying interest. There isn't a public record of their creation -- the closest insight we have to the number of synthetic longs in existence for $GME are the [failure-to-deliver numbers](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/), and $GME is a major outlier in that field. A fucking terrifying outlier.
|
||||
|
||||
We aren't bleeding out a hedge fund by holding. Melvin very likely *is* out of their position after losing half of their fund. There aren't 'new shorts replacing the old'. Instead, a buffer of imaginary stock was created by a market maker to 'flatten the curve' when a massive number of shorts had to cover once retail buyers started rushing in.
|
||||
|
||||
* * * * *
|
||||
|
||||
That's why you aren't seeing short interest increase even though there aren't any short shares left to borrow.
|
||||
|
||||
These assholes are praying that in the next month, retail buyers get scared, bored, or distracted. They're spreading FUD, attacking with short ladders, hoping you watch the short interest drop and think it's over. They're counting on you to sell your $GME at a bargain rate so you can pay rent, because they think *you're just fucking retail scum betting on a shit company,* and they've been playing this game longer than you've been alive.
|
||||
|
||||
They're also counting on you to obsess over things you can measure that they can hide. They want you to set rules and limits on when you're going to run away.
|
||||
|
||||
* * * * *
|
||||
|
||||
Simultaneous to the creation of these synthetic longs, DTCC increased collateral requirements on 01/28/21 to purchase $GME to 100%.
|
||||
|
||||
This led smaller brokers like Robinhood to restrict trading, depressing the price, conveniently making it less expensive for market makers to recover their synthetic longs.
|
||||
|
||||
The people that pushed this collateral increase knew exactly what would happen, because *it's their job* to know what the impact will be when they make changes like this.
|
||||
|
||||
DTCC openly stated they increased collateral requirements for $GME to reduce risk to their organization. DTCC recognized financial liability in this squeeze could eventually reach clearinghouses if the market makers went bankrupt. They know exactly what the failure-to-deliver numbers mean for this security.
|
||||
|
||||
It's possible that DTCC created new collateral requirements in coordination with the flood of synthetic longs explicitly to make it easier to recover those shares. It is also possible these actions were taken without any coordination with market makers, because DTCC knows it could have dampened and stretched out a squeeze through this act alone.
|
||||
|
||||
Their strategy is to stretch out a short squeeze into a 'long high' they can recover from if retail shares are sold over time, since retail can't buy them back.
|
||||
|
||||
And the people working at DTCC likely rationalized this was 'the right thing to do' -- to prevent a systemic failure that could have impacted the entire stock market -- because preventing systemic failures is the only reason organizations like DTCC exist.
|
||||
|
||||
Meanwhile, Robinhood -- the smallest player in the game -- honestly DTCC's buttboy in this scheme -- is going to be grilled by Congress over this shit.
|
||||
|
||||
* * * * *
|
||||
|
||||
Did you think we were the only ones that saw a black swan event coming when we bought shares?
|
||||
|
||||
The root problem is there are several players in the market capable of creating new shares without paying interest, capable of restricting trading -- and they all face severe financial liabilities if a squeeze happens. They want to turn the squeeze into a slow burn so the damage doesn't hit them.
|
||||
|
||||
If we continue to hold, a squeeze could happen sometime around or after Feb 18th, or another market maker could create *even more* synthetic longs to dilute the market, passing the hot potato. This could make their problem even worse once *those shares* are bought and held.
|
||||
|
||||
This could continue for an extremely long period of time until a financial regulator steps in and forces them to buy the shares they've sold.
|
||||
|
||||
* * * * *
|
||||
|
||||
TL;DR:
|
||||
|
||||
WSB is being made into a fall guy for the collapse of the market due to the creation of a massive number of preexisting synthetic longs that were bought and held. To fix it, market makers decided to make more, but their cure is also a poison they can't stop taking.
|
||||
|
||||
Strategy:
|
||||
|
||||
Hold your positions, buy at any price you can afford to hold forever, and hope that retail owns more shares than the total number that exist for $GME. Contact the SEC and ask them to investigate and to halt trading of $GME -- time is on your side if the clock ticks down the deadlines for market makers, while the stock cannot be sold by paper hands.
|
||||
|
||||
Postitions:
|
||||
|
||||
100 $GME 💎🙌 -- but only holding for $10,000/share -- I'm not so greedy that I want the entire market to collapse.
|
@ -0,0 +1,34 @@
|
||||
Why to REALLY buy GME (Solid DD)
|
||||
================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/tarheelsurfer](https://www.reddit.com/user/tarheelsurfer/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lf023x/why_to_really_buy_gme_solid_dd/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
||||
LEGITIMATE ARGUMENT TO INVEST IN GME AT THESE PRICES (Short sqeeze and hype aren't reasons).
|
||||
|
||||
Sherman started a turnaround of Gamestop when he first took over April 2019. He cut the dividend, began consolidation (cut some fatty stores), and began debt reduction. COVID threw a wrench in this because he didn't move online nearly fast enough.
|
||||
|
||||
When Burry first invested in GME, there was a reason. What reason? He spoke with Sherman about his plans and thought they wouldn't just survive, but thrive. Cohen also had a similar situation, and later of course he got involved. Sherman listens to both, and in their letters to him they basically tell him where he fucked up and how to move Gamestop forward.
|
||||
|
||||
Fils-Aimé the Nintendo guy that likes to turn companies around is added to the board. He turns stuff around as a hobby and is an insanely good marketer. This is shown in particular with his Nintendo of America endeavors. [u/kitrosreddit](https://www.reddit.com/u/kitrosreddit/) told me not to forget about Reggie so I didn't this time (sorry to the 100ish people that saw this a few days ago)
|
||||
|
||||
Next up we see the Microsoft deal. Although exact numbers aren't available that I can find, Gamestop will be receiving a royalty from gaming equipment sold via Microsoft. Microsoft is also expanding Gamestop's inventory on the inside and employees will use Microsoft software to run the stores. Microsoft doesn't want Gamestop to fail, nor will they let them. With 27% of new games bought at Gamestop and 40% of used games bought there, Microsoft saw an excellent way to try and compete this console cycle.
|
||||
|
||||
We recently saw Gamestop's holiday earnings. With a yearly revenue of roughly $7 bil, they were unprofitable this year. The current P/S ratio makes no sense unless it is expected to go out of business (good luck) or that it will not grow significantly over the coming years (lol). However, this is expected to change with earnings starting in March. They are expected to continue to be profitable moving forward as well. Gamestop still has roughly $500 mil in debt. How are they going to pay this off!!!??? Liquidating stores and consolidation. This was a Cohen continuation idea that Sherman had started, just without the vision to make it succeed. A small stock offering (let's say 2%) would also leave them in an excellent financial situation. Additionally, we have the 300% YOY online sales increase, which accounted for over 30% of total sales. This is only expected to increase moving forward. While overall sales decreased by 3% YOY, inefficient stores were cut out of the picture. Comparative store sales increased by 5% YOY, but this was even stagnated due to state restrictions on 'nonessential' businesses. Places that had significantly fewer COVID numbers had over 30% YOY growth.
|
||||
|
||||
Next, we have the Chewy powerhouses joining the board of directors. Out with the old, in with the new. Even though most directors were acquired in 2020, these new additions add incredible value to the company. Sherman listens to Cohen. Cohen and friends had some focuses at Chewy that led to insane amounts of profit. They focused on cutting costs and maximizing efficiency. Expect the same for Gamestop. This was something that can be effectively implemented with all the new leadership. All ears are on Cohen and his ideas to make Gamestop a 1 stop gaming shop.
|
||||
|
||||
Most recently were the adds on 2/3/21 Francis: That AWS engineering guy that's now heading technology!? Nice. Durkin: Customer service VP from Chewy is now in charge of Gamestop's customer service!? Fuck yes Chewy has insanely good customer service. Krueger: Big filler boi from Amazon et all now running e-commerce fulfillment!? Dope.
|
||||
|
||||
Conservative price target: $200 by mid 2021 with little hype and absent a short squeeze
|
||||
|
||||
Tldr: Idc about a squeeze or hype but I like the stock.
|
||||
|
||||
But what do I know I'm literally retarded and not a financial advisor... positions 5200 shares GME, 52x covered calls sold exp 2/12, 50x calls bought exp 2/26, a few bucks in cash waiting for a drop if it happens. Tell if I'm wrong somewhere with sources linked please and thank you.
|
||||
|
||||
Edit: As requested, my average cost is roughly $60 after buying back in late last week. I had original shares at an average buy in of about $30 assigned to covered calls on 1/29. I believed the company had too much downside at those prices.
|
@ -0,0 +1,82 @@
|
||||
GME Short Percentage of Float is 117% - Crunching the Short Interest Numbers
|
||||
============================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/joethejedi67](https://www.reddit.com/user/joethejedi67/) | [Reddit](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme_short_percentage_of_float_is_117_crunching/gmsm1pu/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/Wallstreetbetsnew/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Gather round, diamond handed apes and crayon eating retards. There is a lot of confusion about what short interest from the short interest report today actually means. Here is how it breaks down.
|
||||
|
||||
Today's reported short interest is 78.46. Short Interest is the percentage of short shares of the outstanding shares. Outstanding shares means ALL the shares of the stock, including restricted shares and shares held by insiders.
|
||||
|
||||
GME has 69,750,000 outstanding shares. 78.46% of those outstanding shares is 54,725,850 shares. So as of the settlement date of 1/29 there were 54,725,850 shorted shares out there that need to be covered. By comparison, the number of shorted shares from the 1/15 report was 61,780,000 . So since the 1/15 report to the 1/29 only 7,054,150 shorts were covered.
|
||||
|
||||
Got it so far? Ok here is the good shit.
|
||||
|
||||
Float is the number of shares that are available to trade. Float is the number of outstanding shares minus the restricted shares and the shares held by insiders. GME Float is 46,890,000 .
|
||||
|
||||
So the short float percentage is the number of shorted stocks (54,735,850) divided by the float (46,890,000) x 100. So, the SHORT PERCENTAGE OF FLOAT IS 117%.
|
||||
|
||||
Thats right, the 1/29 report tells us that the short stocks are 117% of the available GME stock. Did you all hear me?
|
||||
|
||||
The next part is the REALLY GOOD SHIT
|
||||
|
||||
Let's take a a look at the 7,054,150 shorts that were covered between the 1/15 report and the 1/29 report. The short interest report from 1/29 is from the SETTLEMENT date, not the trading date. It takes two days for settlement, so the short interest you see is actually from trading through 1/27. Likewise, the 1/15 report is from trading through 1/13.
|
||||
|
||||
Ok, according to todays report, 7,054,150 shorts were covered between 1/13 and 1/27. So what happened during that period?
|
||||
|
||||
On 1/13 GME opened at 20.42 and closed at 31.40. On January 27 GME closed at 347.51. That is an increase of 327.09. That is an increase of just over 1600%!
|
||||
|
||||
Of course, everyone knows what happened on the following day. The price shot up to 450, the DTC increased margins and shut down retail buyers.
|
||||
|
||||
Only 7,054,150 shares were covered during that 1600% increase in GME stonks. Some of that increase must have been due to people jumping on the bandwagon so the increase probably isn't completely due to the short squeeze that had started.
|
||||
|
||||
TLDR: The Short Interest Report today shows us that on there was 112% more shares shorted than were actually available to purchase on 1/27/21. Between 1/13 and 1/27 on about 7 million shorts were covered.
|
||||
|
||||
The hedges are fucked. They have been shorting like crazy since 1/27 because they were really bleeding by that point. They had to keep the price down and try to reduce retail purchases and holdings by all the shit we have seen in the subs, on twitter and tv.
|
||||
|
||||
Nothing has changed, the squeeze has not happened yet.
|
||||
|
||||
Buy Hold. Peace
|
||||
|
||||
---
|
||||
|
||||
## Relevant Comment by [u/Rabbit_TRK](https://www.reddit.com/user/Rabbit_TRK/)
|
||||
GUYS I SOLVED IT! I WANT YOU ALL TO LOOK AT THIS
|
||||
|
||||
<https://imgur.com/a/0C748cH>
|
||||
|
||||
look at the difference in volume as of today.
|
||||
|
||||
THIS IS JUST TODAY
|
||||
|
||||
<https://www.theoptionsguide.com/synthetic-long-call.aspx>
|
||||
|
||||
Now this is what a synthetic long call is
|
||||
|
||||
This is what a synthetic long call is. Basically. When you short a stock. You are take 100 shares and selling them from an institution even if you dont have them. You have to cover that 100 shares at some point.
|
||||
|
||||
however. If you make another contract to -buy- 100 shares. You have in effect cancelled out your 100 shares you sold. Because you wrote a contract to buy 100 shares.
|
||||
|
||||
Now! Look at this
|
||||
|
||||
<https://www.ortex.com/symbol/NYSE/GME/short_interest>
|
||||
|
||||
The ortex short interest has been falling all last week along with the price. When GME is falling 100$ who is going to be looking at 800$ calls
|
||||
|
||||
which tells me that they have been buying 800$ call this whole time in order to cancel out their short positions. Because as the stock price falls those 800$ are going to get dirt cheap. Even when GME was going up 800$ were like 4$
|
||||
|
||||
i even have proof of one of the HFs doing it!
|
||||
|
||||
<https://www.holdingschannel.com/bystock/?symbol=gme>
|
||||
|
||||
look at seqouia or whatever.
|
||||
|
||||
they have like 1.8 million puts and over 6 million calls
|
||||
|
||||
I am trying to get this out there for people to see!
|
@ -0,0 +1,244 @@
|
||||
$GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **
|
||||
=========================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/ihatedmyboss](https://www.reddit.com/user/ihatedmyboss/) | [Reddit](https://www.reddit.com/r/GME/comments/mfk7xa/gme_price_significantly_jumps_every_2122nd/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion](https://www.reddit.com/r/GME/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
||||
Edit 5: May T+21 FTD prediction dates posted. Scroll down to view **May Prediction**
|
||||
|
||||
Edit 4: As predicted, price jump occurred once again on April 26-27th. Scroll down to see **April Update**
|
||||
|
||||
Edit 3: Updated post to reflect the [FINRA 7140](http://finra.org/rules-guidance/rulebooks/finra-rules/7140) rule using the Reddit mobile app, and now all the images I posted are gone (wtheck!). Trying to locate them all in my recycle bin and will be re-uploading all pics.
|
||||
|
||||
Edit 2: I'm receiving some comments today on 4/21 about my thesis. Remember, I'm not referring to the 21st of every month, I'm referring to trading days (excluding weekends and NYSE holidays), which I've explained in detail below.
|
||||
|
||||
Edit 1: Will be updating for April around 4/28 once all the data is available. Please scroll down to April Assumptions.
|
||||
|
||||
Theory/TL;DR
|
||||
|
||||
There seems to be a consistent pattern in GME's price jumping around the 21st/22nd trading day of every month, since the December 22, 2020 price jump.
|
||||
|
||||
This may be related to MM's/Shitadel 21-Day fail-to-deliver, since GME jumps in price even without any catalysts on those particular days.
|
||||
|
||||
Edit: ~~I'm unable to find any concrete info from~~ ~~SEC/FINRA~~ ~~about the 21-day FTD rule for Market Makers (I've seen several posts across diff subreddits about it)~~. Found it, see edit below.
|
||||
|
||||
Edit 1: I found this [FINRA 7140 rule](https://www.finra.org/rules-guidance/rulebooks/finra-rules/7140) about T+21 days and it mentions the following:
|
||||
|
||||
> (3) Automatic Lock-in
|
||||
>
|
||||
> Any trade that remains open (i.e. unmatched or unaccepted) at the end of its entry day will be carried over for continued comparison and reconciliation. The System will automatically lock in and submit to DTCC as such any carried-over T to T+21 (calendar day) trade if it remains open as of 2:30 p.m. on the next business day. The System will carry over any T+22 (calendar day) or older "as/of" trade that remains open, but such trade will not be subject to the automatic lock-in process.
|
||||
|
||||
Note: The part that threw me off from the above rule is that it mentions calendar days =
|
||||
|
||||
Edit 2: Apes 🦍, this isn't DD. I'm simply sharing my observation and would love others' input (hence marked as a Discussion).
|
||||
|
||||
Now, we all know the reported short interest is BS, and if it was as low as they're reporting, this particular price pattern would not persist.
|
||||
|
||||
According to some past posts (not Shitadelling on anyone's DD, respect to all apes contributing to this beautiful community!), a lot of emphasis was placed on options expiry date (Friday); esp the 3rd Friday of every month-- the assumption has been that GME's price will significantly jump on those particular days.
|
||||
|
||||
However, GME seems to jump every 21st and 22nd trading days, and not necessarily on Friday's options expiry date.
|
||||
|
||||
------ My Thoughts
|
||||
|
||||
Shitadel and friends purposely bring down price on options expiry date in order to slow down momentum and delay MOASS. However, if options expiry date happens to be around the 21st/22nd trading day, then we may see an even higher price jump on those particular days.
|
||||
|
||||
Edit: Perhaps I may not have explained myself properly/worded this post correctly, considering the comments. To be clear, I see a relation in the 21-day FTD rule (MM's can't locate shares to deliver) to GME's price jump around every 21-22 trading days (again, not calendar days), ever since December 22, 2020.
|
||||
|
||||
I'm assuming the price jump on Dec. 22, 2020 occurred because [Ryan Cohen filed a 13D](https://news.gamestop.com/node/18366/html) on 12/21/2020, increasing his position in $GME, which served as a catalyst. This is likely where the HFs/MMs knew they truly were screwed.
|
||||
|
||||
Important: I am NOT predicting dates of a MOASS here, just simply pointing out my observation in $GME price jumps. I explain more in detail below, with pics for my fellow apes who can't read.
|
||||
|
||||
Also, I didn't flair this as DD because this ain't no bombshell discovery.
|
||||
|
||||
I would simply like some insight and hoping an intelli-ape can shed some light on this.
|
||||
|
||||
I'm sure some smart ape must've noticed this price pattern before.
|
||||
|
||||
Me just a dumb ape who has a brain as smooth as the buns on this filet o' fishy:
|
||||
|
||||
[](https://preview.redd.it/pav0v0v8pmu61.jpg?width=500&format=pjpg&auto=webp&s=8be24aeb1e7b31a4fe48079be274896bb1c34ffc)
|
||||
|
||||
LOL! This is a fish sammich from McDonald's for those asking 😂😂
|
||||
|
||||
------ My Observation
|
||||
|
||||
So check this...
|
||||
|
||||
Last month, I noticed an interesting pattern and didn't want to post about it until I tested out the theory to see if it played out this month as well.
|
||||
|
||||
And lo-and-beHODL, it happened again.
|
||||
|
||||
This is something I noticed in Feb, and the price jump has been consistent since December 2020 (though I did see a similar trend in November, but on different trading days: Nov 25-28th, if you wanna take a look).
|
||||
|
||||
Price Jumps every 21-22nd Trading Day since Dec 2020
|
||||
|
||||
Trading Day: days the U.S. stock market is open, excluding any weekends/holidays.
|
||||
|
||||
[](https://preview.redd.it/sitybl06k0v61.png?width=600&format=png&auto=webp&s=4327b96dcd3d4088f296cdce2851a946b9b32c10)
|
||||
|
||||
REMINDER: market will be closed Friday, April 2nd.
|
||||
|
||||
Alright, so around every 21-22nd trading day, since the December 22, 2020 price jump, $GME tends to jump up significantly, followed by a downward price pressure typically on the 23rd trading day.
|
||||
|
||||
Friendly reminder, I'm talking trading days here, and not the 21st or 22nd of every month.
|
||||
|
||||
This may have a direct correlation to the 21-day FTD rule for Market Makers.
|
||||
|
||||
I'm going to try my best to break this down, but it may help you understand better if you take a look at [GME's price history](https://finance.yahoo.com/quote/GME/history?p=GME) as I explain this.
|
||||
|
||||
------ The Pattern
|
||||
|
||||
On the 21st trading day (since the Dec 22, 2020 price jump), momentum in price starts to build up
|
||||
|
||||
On the 22nd trading day, the price significantly jumps up from the previous day
|
||||
|
||||
On the 23rd trading day, the price starts to decrease
|
||||
|
||||
This same pattern has occurred every month since Dec 2020.
|
||||
|
||||
Now, let's put this theory into action and take a look at $GME's price jump since December 2020:
|
||||
|
||||
[](https://preview.redd.it/2bkzgsiek0v61.png?width=894&format=png&auto=webp&s=6db34284c029da30bf46ca8e0623ebabdc08ce0d)
|
||||
|
||||
~ $7 price jump from the Dec 21st closing price
|
||||
|
||||
December 21 (Mon): $GME closed at $15.53
|
||||
|
||||
December 22 (Tues): $GME high $20.04 (price jumped significantly from prev day's close)
|
||||
|
||||
December 23 (Wed): $GME high $22.35 (price slightly jumped from prev day's high)
|
||||
|
||||
December 24 (Thurs): $GME closed at $20.15 (price starts to decrease)
|
||||
|
||||
[](https://preview.redd.it/bnb5r4eqk0v61.jpg?width=600&format=pjpg&auto=webp&s=f86b29696fbdc9c23e39125cf4fb95277e64134a)
|
||||
|
||||
Now, if you count the # of trading days from December 22 (when the price started to jump), you'll notice the same pattern in January:
|
||||
|
||||
[](https://preview.redd.it/dzrcl984l0v61.png?width=894&format=png&auto=webp&s=5e83339b52bc4323718962469614131a062d1bb8)
|
||||
|
||||
~ $116 price jump from the Jan 21st closing price
|
||||
|
||||
January 21 (Thurs): $GME closed at $43.03
|
||||
|
||||
January 22 (Fri) : $GME high was $76.76 (notice the momentum in price? This was the 21st trading day from the Dec. 22nd jump)
|
||||
|
||||
January 25 (Mon): $GME high was $159.18 (this was the 22nd trading day and price jumped significantly)
|
||||
|
||||
Price went down slightly on Jan 26th, and on Jan 27/28 it rocketed to $380/$483.
|
||||
|
||||
NOTE: Now I know January price continued to rise even after the 23rd trading day, but this is because of the massive media attention, RobbingHood Vlad-born-in-Bulgaria's f*ckery, FOMO, etc.
|
||||
|
||||
Nonetheless, the price still followed the pattern on the 21st and 22nd trading day in January.
|
||||
|
||||
[](https://preview.redd.it/wfznl0v9l0v61.jpg?width=599&format=pjpg&auto=webp&s=b18b0a3f66da936901f8f435757c683002dff180)
|
||||
|
||||
Moving on, it happens yet again in February.
|
||||
|
||||
[](https://preview.redd.it/bmz95jycl0v61.png?width=916&format=png&auto=webp&s=4780ce2df9522563e8abef9835906c2aec611a56)
|
||||
|
||||
~ $140 price jump from the Feb 23rd closing price
|
||||
|
||||
February 23 (Tues): $GME closed at $44.97 (interesting how it opened and closed at the same exact price)
|
||||
|
||||
February 24 (Wed): $GME high was $91.71 (again, price momentum building up on the 21st trading day since the Jan 25th price jump)
|
||||
|
||||
February 25 (Thurs): $GME high was $184.68 (price significantly jumped on the 22nd trading day)
|
||||
|
||||
February 26 (Fri): $GME closed at $101.74 (price decreased on 23rd trading day)
|
||||
|
||||
[](https://preview.redd.it/0nn7c66kl0v61.jpg?width=599&format=pjpg&auto=webp&s=8b07df71f392e8ae6fcd28c24e1eb986d3d03ac2)
|
||||
|
||||
Here we go again in March, we see the same pattern:
|
||||
|
||||
[](https://preview.redd.it/bpo4e29nl0v61.png?width=921&format=png&auto=webp&s=72a1adc3220f05058ffe65bed839cefcfb69988a)
|
||||
|
||||
~ $98 price jump from the Mar 24th closing price
|
||||
|
||||
March 24 (Wed): $GME closed at $120.34
|
||||
|
||||
March 25 (Thurs): $GME high was $187.50 (this was the 21st trading day since Feb 24th price build up)
|
||||
|
||||
March 26 (Fri): $GME high was $218.93 (again, price had a nice jump from previous day's close)
|
||||
|
||||
Edit: Even after the March 24th f*ckery where the price was dropped all the way to $118.62, it STILL jumped up on the 21st trading day: March 25th.
|
||||
|
||||
Note: I didn't include the March 8-10th price jump because I believe that was the result of catalysts: GME announced Ryan Cohen to lead special Board Committee on 3/8, including appointing a new CTO. On 3/9, GME announced the Q4 earnings release date.
|
||||
|
||||
My point is that **aside from catalysts**, GME price jumps on those particular 21/22 trading days. This goes to show that shorts obviously haven't covered because GME increases in price even without any catalysts.
|
||||
|
||||
[](https://preview.redd.it/er28vzswl0v61.jpg?width=599&format=pjpg&auto=webp&s=61f3c0db62828639addae3b85f74e43b62ca5070)
|
||||
|
||||
------ Question about FTD
|
||||
|
||||
Can this be related to the 21 days failure-to-deliver rule for Market Makers (Shitadel) because they're unable to deliver the shares?
|
||||
|
||||
~~I've read DD on the~~ ~~21-day FTD~~ ~~rule for MM's, but can't for the life of me find this rule online; please link if anyone knows~~. Found the FINRA 7140 rule, see edit below.
|
||||
|
||||
If true, this proves what we all already know-- shorts obviously have not covered.
|
||||
|
||||
Edit: I found this [FINRA 7140 rule](https://www.finra.org/rules-guidance/rulebooks/finra-rules/7140) about T+21 days and it mentions the following:
|
||||
|
||||
> (3) Automatic Lock-in
|
||||
>
|
||||
> Any trade that remains open (i.e. unmatched or unaccepted) at the end of its entry day will be carried over for continued comparison and reconciliation. The System will automatically lock in and submit to DTCC as such any carried-over T to T+21 (calendar day) trade if it remains open as of 2:30 p.m. on the next business day. The System will carry over any T+22 (calendar day) or older "as/of" trade that remains open, but such trade will not be subject to the automatic lock-in process.
|
||||
|
||||
------ Assumptions for April
|
||||
|
||||
If indeed this pattern continues, then it's likely we see a similar pattern around April 26-28th (if my ape math is wrong by a day or so, pattern may occur earlier on Friday, Apr 23rd).
|
||||
|
||||
** April Update **
|
||||
|
||||
Alrighty apes, the T+21 FTD occured once again on April 26th as predicted.
|
||||
|
||||
Granted, this time around the price jumps weren't as significant as the prior months', but nonetheless, the price jumps *did* occur on the 21st and 22nd trading days, especially on low volume.
|
||||
|
||||
April 23 (Fri): $GME closed at $151.18
|
||||
|
||||
April 26 (Mon): $GME high was $174.68 (this was the 21st trading day since Mar 25th price build up). Also worth noting, GME hit $198 in after hours.
|
||||
|
||||
There were over 6k options expiring at the $200 strike price, and Shitadel made sure it didn't hit $200. Otherwise, we would've seen a significant spike in price since those options would've been in-the-money.
|
||||
|
||||
April 27 (Tues): $GME high was $188 (again, price jumped on the 22nd trading day from previous day's close)
|
||||
|
||||
[](https://preview.redd.it/8dejfl37c5171.png?width=917&format=png&auto=webp&s=75a53af49735e2d46774d4d67e8e5c290d154e2a)
|
||||
|
||||
~ $37 price jump from the April 23rd closing price. After hours jumped to $198 on 4/26-- this would make it a ~$47 price jump
|
||||
|
||||
------ May Prediction
|
||||
|
||||
The next T+21 FTD cycle is expected to occur on May 25-26th.
|
||||
|
||||
At the time of writing, there are nearly 4k options expiring at the $200 strike price, so expect some resistance at this price point.
|
||||
|
||||
If we're able to break through $200, we should see a pretty handsome price jump.
|
||||
|
||||
I will make updates here on May 27th.
|
||||
|
||||
------ Things to Consider
|
||||
|
||||
Remember: I'm referring to a price jump with or without any catalysts, given the MM's 21-day fail-to-deliver. I am NOT fixing dates here.
|
||||
|
||||
Edit: In other words, regardless of what price point GME is trading at, this pattern reflects an increase in price on those particular trading days.
|
||||
|
||||
This doesn't mean the price jumps will necessarily be higher than the previous month's. It's simply tracking the T+21 FTD cycle.
|
||||
|
||||
Of course A LOT can happen between now and then. GME can announce the shareholder meeting date, appoint new CFO, new Board members, more SEC filings, etc.
|
||||
|
||||
And as expected, more HF/Shitadel and friends f*ckery expected.
|
||||
|
||||
But regardless of a catalyst or not, it appears that a price jump always occurs on these particular trading days, since Dec 22, 2020.
|
||||
|
||||
With that said, anyone else seeing this pattern, or am I trippin?
|
||||
|
||||
[](https://preview.redd.it/ch4hpm71m0v61.jpg?width=640&format=pjpg&auto=webp&s=627b7baac0413eb7edc9b50346a6f673c8e5e44f)
|
||||
|
||||
Would love to get some insight on this!
|
||||
|
||||
Obligatory: No SEC, this isn't financial advice. You should know by now I'm a smooth-brain ape. The other day I put 2 quarters in my ear and thought I was listening to 50 Cent.
|
||||
|
||||
Even more obligatory: 🚀🚀🚀🚀🚀🚀🙌💎
|
@ -0,0 +1,142 @@
|
||||
Russel 1000
|
||||
===========
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Leenixus](https://www.reddit.com/user/Leenixus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6sv66/russel_1000/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
*Not financial advice.*
|
||||
|
||||
There is 1 big bullish event no one's talking about. I've posted about it 3 times before, let's go for attempt #4.
|
||||
|
||||
- TLDR: GME might join a super massively big Index. The Russel 1000 series of Indexes.
|
||||
|
||||
- TLDR 2: This could be an anti-catalyst, not sure. Unconfirmed, must wait and see what happens if anything happens at all. Perhaps there could be an initial sell off if we move from one Index to another or other unforeseen price drops for reasons i don't know.
|
||||
|
||||
NOTICE: Probably not happening, there's 1 funny requirement for joining the Russel 1000 that GME does not tick the box for.
|
||||
|
||||
Companies with only a small portion of their shares available in the marketplace are not eligible for the Russell indexes. Companies with less than an absolute 5% of shares available will be removed from eligibility. See Section 7: Adjustments to Members' Shares Outstanding (Float), for details on calculations of available shares.
|
||||
|
||||
LMAO
|
||||
|
||||
What the hell is the Russel 1000 and why should i give a shit?
|
||||
|
||||
TLDR: Tons of non-GME lovers buy GME daily by buying ETF shares. If we join the Russel 1000, this is bullish as fuck. The price will go vroom vroom.
|
||||
|
||||
-----
|
||||
|
||||
Right now, the biggest index containing GME is the Russel 2000. Yes the 2000, not the 1000.
|
||||
|
||||
Simply by joining this index, because it's a bigger index than the Russel 2000, ETFs that hold GME will have to increase their holdings of GME accordingly and this means buying more GME shares.
|
||||
|
||||
Well, put simply, the price would start going vroom vroom!
|
||||
|
||||
How big is this Russel 1000 thing?
|
||||
|
||||
TLDR: Pictures speak volumes, so i'll just leave this here. Ticker IWC.
|
||||
|
||||
[](https://preview.redd.it/qjekdww2lox61.png?width=712&format=png&auto=webp&s=6d4acc6a939a19be33b9b28b5eeb776c03272cfd)
|
||||
|
||||
I don't know if we'll be leaving one Index to join the other or if we will be in both.
|
||||
|
||||
When do they check if GME is eligible to join?
|
||||
|
||||
TLDR: Not guaranteed we're 100% joining yet, but we'll know soon. The process starts TODAY (May 7)
|
||||
|
||||
-----
|
||||
|
||||
Russel Ranking Day
|
||||
|
||||
TODAY (May 7) the FTSE Russel people are going to start the process of ranking a bunch of stocks out there to figure out which ones should join the Russel 1000 (or get removed from it cause they turned to shit).
|
||||
|
||||
This is called the Russel Ranking Day.
|
||||
|
||||
Source and details here: <https://www.ftserussell.com/resources/russell-reconstitution>
|
||||
|
||||
[](https://preview.redd.it/oeon01ejcnx61.png?width=962&format=png&auto=webp&s=ff325712a067b75b222f7d8a1dc49940ee203efc)
|
||||
|
||||
What's going to happen when if we do join
|
||||
|
||||
TLDR: Massively bullish. The ETFs who follow the Russel Indexes will have to buy more GME shares so they can offer them to their buyers. BUY = PRICE UP = Happy Ape
|
||||
|
||||
-----
|
||||
|
||||
The change in the contents of ANY Index is called "Reconstitution". This is because the Index reconstitutes itself, it changes it's contents e.g stocks that it contains, hence the word "Reconstitution".
|
||||
|
||||
In the last Reconstitution in 2020, this happened!
|
||||
|
||||
[](https://preview.redd.it/grjmwk69cnx61.png?width=933&format=png&auto=webp&s=7b87902ee51d7693b08dd673ce80f5217846a473)
|
||||
|
||||
Nice
|
||||
|
||||
- This doesn't mean you'll see VOLUME = 69.9 Billion (nice) for GME on the day of the Reconstitution.
|
||||
|
||||
- ~~You are likely to see a big number close or above~~ ~~100 Million~~ ~~(guestimate) as they buy the shares they need for their ETF.~~
|
||||
|
||||
You know what that means you dirty monkeys.
|
||||
|
||||
[](https://preview.redd.it/v0kyut45enx61.jpg?width=1280&format=pjpg&auto=webp&s=d8f74fa19854a0978beda790603267e1296dc7c3)
|
||||
|
||||
https://en.wikipedia.org/wiki/Jacques_Tits
|
||||
|
||||
Aight, so when are we joining this Russel 1000 thing?
|
||||
|
||||
TLDR: June 25 (Really it's June 28)
|
||||
|
||||
-----
|
||||
|
||||
The reconstitution finishes on June the 25'th (Friday)
|
||||
|
||||
<https://www.ftserussell.com/resources/russell-reconstitution>
|
||||
|
||||
[](https://preview.redd.it/w0w8266wenx61.png?width=947&format=png&auto=webp&s=9a5c9b41140715097e723e3bef788927bf312d23)
|
||||
|
||||
The actual finished and reconstituted Index will be available to trade on the 28'th of June (Monday). We will find out whether we're actually truly joining the Russel 1000 series of Indexes sometime from TODAY until the 25'th of June.
|
||||
|
||||
So sometime in the next 49 day from today May 7, we'll know whether we're joining.
|
||||
|
||||
How do they decide whether we're good to join?
|
||||
|
||||
TLDR: If stock price is high enough = Join
|
||||
|
||||
-----
|
||||
|
||||
If you're a wrinkly brained bastard with free time, the methodology on how they pick stocks during the Ranking is available here
|
||||
|
||||
[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.22793595.1387236641.1620369231-174493700.1617795049)
|
||||
|
||||
From what I've read, we're good to join. Have a read as well and "AKSHUALLY" me if you think i'm wrong.
|
||||
|
||||
[](https://preview.redd.it/l1n21bkfgnx61.png?width=680&format=png&auto=webp&s=92f7f9a0278d9f3cbded903f684bb1a244f81962)
|
||||
|
||||
Kidding tho, do correct me if i'm wrong in something and i'll amend the post.
|
||||
|
||||
Try not to ignore important shit like this
|
||||
|
||||
This sub (Some users) is pretty reactionary and disses future looking (speculative) information. I'm here to shit on those users.
|
||||
|
||||
This is important future looking information you need to take in consideration. For you who are totally smoothbrained, don't be disappointed if nothing happens. GME will still moon.
|
||||
|
||||
*"Simple as" - Baz*
|
||||
|
||||
The Russel 1000 isn't 1 Index. It's a series of Indexes like Kathy Woods ARK ETFs (but isn't an ETF). Just like she has ARKW, AWKW and so on... the Russel series of ETFs have Russel 1000 Growth, Russel 1000 Value and so on. I don't know which one we might be joining.
|
||||
|
||||
More Russel Info
|
||||
|
||||
<https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf>
|
||||
|
||||
Random info
|
||||
|
||||
- We're not joining the S&P500 anytime soon. They need "the sum of the previous four quarters of earnings must be positive as well as the most recent quarter." <https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp>
|
||||
|
||||
[](https://preview.redd.it/otlnmbdjfnx61.png?width=554&format=png&auto=webp&s=a6516c3fcdd2a01b3465ad9371bf83ed9d4aa866)
|
||||
|
||||
"Original Content"
|
||||
|
||||
Edit: Corrected ETF/Index wording.
|
||||
|
||||
TLDR: MAYBE WE JOIN BIG INDEX AND GME PRICE GO VROOM VROOM OR MAYBE NOT
|
@ -0,0 +1,192 @@
|
||||
I think I solved the Rubix Cube and... it is so much bigger than everyone thought.
|
||||
==================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/SoulSolus](https://www.reddit.com/user/SoulSolus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n7e18t/i_think_i_solved_the_rubix_cube_and_it_is_so_much/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
This is it. Game ends. I win.
|
||||
|
||||
Let me preface: I have been trying to crack this code for 3 days now. And after the Bill Gates divorce, I got on the right track all because of his relationship with Buffet. But it was always just out of reach of the right ideas. Without further ado. Thank you to all the apes who kept asking questions, kept making me question it in the comments. This is how great ideas are made by design.
|
||||
|
||||
The Achilles heel of Berkshire Hathaway: JP Morgan & Chase. & Berkshire Assurance (A government bond insurance company/their insurance float and basically insurance altogether. If this were to fail, Berkshire fails. (Tl;DR btw)
|
||||
|
||||
A small list:
|
||||
|
||||
- Berkshire Hathaway GUARD Insurance Companies.
|
||||
|
||||
- Berkshire Hathaway Specialty Insurance.
|
||||
|
||||
- Applied Underwriters.
|
||||
|
||||
- Gateway Underwriters Agency.
|
||||
|
||||
- GEICO.
|
||||
|
||||
- General RE.
|
||||
|
||||
- MedPro Group.
|
||||
|
||||
- National Indemnity Company
|
||||
|
||||
Here's how I reached this conclusion, it was handed to us on a silver... no, a GOLDEN platter. I am going to try to do this, quick & dirty, nice and concise.
|
||||
|
||||
[](https://preview.redd.it/59tgss14psx61.jpg?width=640&format=pjpg&auto=webp&s=41a6b2cf6d9ab6a43124b2d7c77285e8ae7cfb0a)
|
||||
|
||||
This is the third time I will be posting this. But this time I am 98% confident I have almost every piece to this puzzle and can at least make out a pretty clear picture. But anyone who thinks they have even the slightest grain to offer, I will take it, it doesn't matter how many times I have to rehash this to get it PERFECT.
|
||||
|
||||
Again I'll reiterate this same little Motley Fool article that piqued my interest in how Berkshire works.
|
||||
|
||||
"*Then there's perhaps the most overlooked (but most important) nuance of the Berkshire Hathaway portfolio -- it's not all stocks. The fund only owns about a quarter of a trillion dollars' worth of the same equities any other investor can own. But it's got around twice that amount's worth of privately owned, cash-generating companies like See's Candies, Duracell batteries, GEICO auto insurance, Pampered Chef kitchenware, Acme bricks, and more. These are makers of consumer goods that people tend to buy over and over again.*
|
||||
|
||||
*This is the sort of flexible, cash-driving portfolio that allows any manager to prioritize bigger-picture value creation. Not only does Berkshire not have to worry about stock price volatility for those organizations, it can buy, sell, and manage companies as needed so retirees don't have to worry about doing the same." -The Motley Fool*
|
||||
|
||||
(I keep my friends close but my enemies closer)
|
||||
|
||||
[](https://preview.redd.it/jcvtk3x5psx61.jpg?width=1853&format=pjpg&auto=webp&s=4d71609beae66d8ff1ad8af8433b7d2daa194e9a)
|
||||
|
||||
And this is amazingly reflected in this chart. Not only that, here is from my other post some of the conclusions I drew.
|
||||
|
||||
So Why?
|
||||
|
||||
Well... Let me let Buffet himself explain EXACTLY in detail how he makes his money. By the way this guy may be the greatest holder of unrealized gains as he holds an iron fist of his own shares.
|
||||
|
||||
Here's Buffett on the float:
|
||||
|
||||
"Insurers receive premiums upfront and pay claims later. ... This collect-now, pay-later model leaves us holding large sums -- money we call "float" -- that will eventually go to others. Meanwhile, we get to invest this float for Berkshire's benefit. ...
|
||||
|
||||
If premiums exceed the total of expenses and eventual losses, we register an underwriting profit that adds to the investment income produced from the float. This combination allows us to enjoy the use of free money -- and, better yet, get paid for holding it. Alas, the hope of this happy result attracts intense competition, so vigorous in most years as to cause the P/C industry as a whole to operate at a significant underwriting loss. This loss, in effect, is what the industry pays to hold its float. Usually this cost is fairly low, but in some catastrophe-ridden years the cost from underwriting losses more than eats up the income derived from use of float. ...
|
||||
|
||||
Our float has grown from $16 million in 1967, when we entered the business, to $62 billion at the end of 2009. Moreover, we have now operated at an underwriting profit for seven consecutive years. I believe it likely that we will continue to underwrite profitably in most -- though certainly not all -- future years. If we do so, our float will be cost-free, much as if someone deposited $62 billion with us that we could invest for our own benefit without the payment of interest.
|
||||
|
||||
Let me emphasize again that cost-free float is not a result to be expected for the P/C industry as a whole: In most years, premiums have been inadequate to cover claims plus expenses. Consequently, the industry's overall return on tangible equity has for many decades fallen far short of that achieved by the S&P 500. Outstanding economics exist at Berkshire only because we have some outstanding managers running some unusual businesses."
|
||||
|
||||
Source: <https://www.npr.org/sections/money/2010/03/warren_buffett_explains_the_ge.html>
|
||||
|
||||
This is a letter to his shareholders (as per Bury's book recommendations above)
|
||||
|
||||
Yeah those are some unusual businesses alright. Like Citadel who we've read enough DD about to know that they short things into the ground and never even pay tax on the earnings and then hold big positions, like this
|
||||
|
||||
<https://fintel.io/so/us/brk.b/citadel-investment-advisory-inc>
|
||||
|
||||
So what was the whole thing that really set me off though?
|
||||
|
||||
Just a happy little accident that I didn't even notice I made myself.
|
||||
|
||||
You're going to laugh when you read what I wrote (#boycottcoke as per Burry again):
|
||||
|
||||
"Let's look at Coca Cola,
|
||||
|
||||
As of most recently, Coca Cola is Berkshire's 3rd highest holdings composing roughly 8% of it's portfolio. For such a prolific company I find it interesting that just as of most recently, from April 28th-May 5th they have issued Debt Tender Offers.
|
||||
|
||||
Better yet,
|
||||
|
||||
*"The Offers will expire at 5:00 p.m. (New York City time) on May 5, 2021 with respect to any Offer (as the same may be extended with respect to such Offer, the "Expiration Date"). Tendered Notes may be withdrawn at any time prior to 5:00 p.m. (New York City time), on May 5, 2021 with respect to each Offer (as the same may be extended with respect to any Offer, the "Withdrawal Date"), but not thereafter, except as required by applicable law as described in the Offer to Purchase.*
|
||||
|
||||
*Source:*[*https://finance.yahoo.com/news/coca-cola-company-announces-pricing-181500128.html*](https://finance.yahoo.com/news/coca-cola-company-announces-pricing-181500128.html)
|
||||
|
||||
Now in my previous post, I alluded to this being like in the movie *margin call where they are selling crap to the people who already buy from them at a discount because who the hell else is going to buy it. But it's Coca Cola! Why would they do that!? Well there are a couple of things interesting about this date.
|
||||
|
||||
See what I've prefaced in the past few days is that when Citadel et Al. that own parts of Berkshire Hathaway fall and have to liquidate their positions. Berkshire will be exposed to a sell-off. Not only that but Buffet as per the Motley Fool, challenged anyone to come try and short his stock as of February this year. I think this was a big bluff on his part and that he is quaking in his boots. Edit addition: Maybe so much so he would be willing to sacrifice coke's reputation to try and prop up Berkshire? Addition to the addition: thanks to [u/CookShack67](https://www.reddit.com/u/CookShack67/) , "According to SEC filings, Melinda Gates is now one of the largest shareholders in Coca-Cola KO, +0.14% bottler Coca-Cola Femsa SAB". New Edit: This was recent news and we will see where it goes from here. If my initial thoughts are true and Burry's boycott not unfounded then... You can draw your own conclusions with the below.
|
||||
|
||||
But let me finish the thought on Coke as per the source,
|
||||
|
||||
**this right here pay attention**
|
||||
|
||||
*"We have retained BofA Securities, Inc. ("BofA Securities"), Citigroup Global Markets Inc. ("Citi"), J.P. Morgan Securities LLC ("J.P. Morgan"), and J.P. Morgan Securities plc ("JPM London") to act as the Dealer Managers in connection with the Offers (collectively, the "Dealer Managers"). "*
|
||||
|
||||
What? Hasn't BofA had terribly large sell-offs? J.P Morgan. Funny Pretty sure if you check: <https://hedgefollow.com/funds/Berkshire+Hathaway>
|
||||
|
||||
Oh wow. Look They dropped J.P Morgan a while ago 100% Change 967.27k, to zero. Along with Pfizer, PnC Financial, M & T bk and Barrick Gold corp.
|
||||
|
||||
I mean, in a way, we knew all of this.So Coca Cola... Not looking good. But hey, I could be wrong. I accept that. But wait there is something else about these dates..
|
||||
|
||||
GME Chart
|
||||
|
||||
[](https://preview.redd.it/e34jo8pfpsx61.jpg?width=809&format=pjpg&auto=webp&s=ace87cc167e8550e55b00768d795be07bd34e2b1)
|
||||
|
||||
"On April 28th we saw the GME price peak up @ 178.58 and then May 5th it bottomed out @ 159.48 and lower in AH, currently upward trending in pre-market as I write (7:59AM May the 7th). Seems a little too coincidental... Could it be that someone, some people got or are getting that special call real soon? Who knows. I just know to Hodl. As per Bodson in yesterday's hearing we know for sure at least that, they certainly got no call in January.
|
||||
|
||||
*Did you catch that?*
|
||||
|
||||
If you didn't let me explain. They are finished, caput wanted nothing more to do with JP Morgan. I literally called them out, and Bank of America out and didn't even recognize what I was doing.
|
||||
|
||||
April 16th
|
||||
|
||||
JP Morgan issues junk bonds <https://www.pionline.com/markets/jp-morgan-sells-13-billion-bonds-largest-ever-bank-deal>
|
||||
|
||||
BofA issues Junk Bonds
|
||||
|
||||
<https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409>
|
||||
|
||||
BofA one of Berkshires Biggest Holdings and JP Morgan whom used to be:
|
||||
|
||||
Berkshire cut its holdings of JPMorgan from 22.2 million shares, worth more than $2 billion, to less than 1 million shares, worth less than $100 million. That's down even more since the end of 2019, when Berkshire owned more than 59 million shares of JPMorgan, valued at nearly $8.3 billion.
|
||||
|
||||
(thank you again our great friends form the FOOL: <https://www.fool.com/investing/2021/01/11/is-jpmorgan-chase-still-a-warren-buffett-stock/#:~:text=Berkshire%20cut%20its%20holdings%20of,valued%20at%20nearly%20%248.3%20billion>.)
|
||||
|
||||
And then to ZERO.
|
||||
|
||||
But what really caught my eye? It was coke in just that little week, more trash debt tender offerings, desperation. So what I wrote wasn't complete trash. The moment they were offered the price of GME started to inflate a little and just like in margin call as they loaded all their friends with the dog shit bags for Cents on the dollar, they took their little cash to push GME back down. Their backs are literally against the wall if I'm right. And I think I am.
|
||||
|
||||
And Warren, why do you hate JP Morgan so much? You used to be best friends, Berkshire, JP and AMAZON. America was going to have a Haven for health care Insurance (#Boycott Amazon)
|
||||
|
||||
<https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html>
|
||||
|
||||
[January 4th this year so the break up is still fresh :( ] JP went on a little solo adventure and kinda goofed up the entire system.
|
||||
|
||||
As for #boycottMLB #BoycottFacebook, My assumptions are Steve Cohen and Melvin but with the information above we have all we need. So I don't see a need to go there (yet).
|
||||
|
||||
This is why BlackRock was arguing with Buffet about ESG and greater transparency.
|
||||
|
||||
<https://www.gobyinc.com/esg-solutions/the-esg-reporting-matrix/> ( a better understanding of ESG)
|
||||
|
||||
<https://www.livemint.com/companies/people/blackrock-at-odds-with-warren-buffett-s-berkshire-hathaway-over-disclosures-11620323632301.html> (the details of why they are at odds)
|
||||
|
||||
Because BlackRock knows, just like I've been posting for days now. That once the hedge funds and ANYONE who shorted GME has to cover and force liquidate. Berkshire will plummet & it is Infinite exposure. The Jig will be up. In this multi tiered berkshire class A and Class b a stock of a stock scheme. All of them have to liquidate their positions in Berkshire and if I'm understanding some of the insurance policies correctly, the debt obligations are going to be so much worse than 2008. You can literally go through the Berkshire's list of insurances to get an idea.
|
||||
|
||||
Citadel with their , slowlyyyy slipping away
|
||||
|
||||
[](https://preview.redd.it/o9fmknywpsx61.jpg?width=1392&format=pjpg&auto=webp&s=2b0a99b9fc43e006edd0243c55cb0807dbda951d)
|
||||
|
||||
BlackRock
|
||||
|
||||
[](https://preview.redd.it/lm3m2utxpsx61.jpg?width=813&format=pjpg&auto=webp&s=64266e0dedcc955a9bb027d2b65f20e01a999e9a)
|
||||
|
||||
[](https://preview.redd.it/qolbv4a0qsx61.jpg?width=530&format=pjpg&auto=webp&s=1270d374b56c7e1611967647a0ff5957bf14e34e)
|
||||
|
||||
Big Mad. Now I realize they are just hedged sadly with us.
|
||||
|
||||
And I could just keep pulling up 13Fs all day (like Vanguard right off the top of my head) holding Berkshire. Link them in the comments down below.
|
||||
|
||||
It's not just a house of cards falling, but the entire Shire.
|
||||
|
||||
Edit: I have removed the political reference, I simply thought it was interesting. I am not even from the U.S so it did not pertain to me., It in a way detracts from the importance of this for some who cannot keep their minds out of political headspaces and I believe distracts from the importance of this post overall.
|
||||
|
||||
And Bill, oh my god Bill Gates, the desperate divorce to move assets and try to protect. His portfolio is somewhere around 45% last time I checked. He owns so much of this shit, he is poised to lose grandly. (you can see my older post for all the Bill Gates stuff I came up with).
|
||||
|
||||
If I missed anything, I'll come back to it. Oh and this?
|
||||
|
||||
[](https://preview.redd.it/izvoip7aqsx61.jpg?width=778&format=pjpg&auto=webp&s=4e26a47e1155b5aa4282c5569454b00d71286c17)
|
||||
|
||||
it's 9:05pm as of posting, AH ended there though.
|
||||
|
||||
This ain't no glitch. So stop, I thought you guys knew better than to listen to the media. Literally EVERYTHING they've said to date is a lie. I also disproved it in my previous post
|
||||
|
||||
<https://www.reddit.com/r/investing/comments/1n90gr/berkshire_hathaway_inc_brka_current_share_price_a/>
|
||||
|
||||
From August 19 2015 the computers had no trouble seeing above 1 million even though that too was a glitch. So that is crock. Whatever is making it glitch can't be good. Also if you look at my Tinfoil legends post, look at my chart analysis of Berkshire for crashes of 1998,2008,feb 2020. Basically, I assume feb.2020 was so bad because they didn't see it coming, but now I can also add that they literally could have lost everything if that buy button didn't get turned off. Ironically now, they will lose more than everything because I have a floor. And it is really, really high with all these contributors.
|
||||
|
||||
*This of course is still all my opinion and what I speculate to be correct, and some of it could be wrong, all of it could be. But I don't think so this time. In a matter of fact, I'm hoping someone here proves this stuff wrong. I am always willing to keep improving it until it is PERFECT.*
|
||||
|
||||
*I am not a financial advisor and there is no financial advise. This is all for educational purposes that I did this research and am simply sharing my findings.*
|
||||
|
||||
*Which initially I never had planned to even go further than examining the Gates Divorce. This is simply information I stumbled upon while doing my due diligence as an investor.*
|
||||
|
||||
*Disclaimer(s): I assume no responsibility with how this information is used I am my own independent actor in all of this as an investor in gamestop.*
|
||||
|
||||
I am also pretty messy so I'm sure this could be neater, but that's just how I am. Sorry. I want to go play video games now.
|
@ -0,0 +1,128 @@
|
||||
Follow the crumbs. $GME exposed the meta.
|
||||
=========================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/bcRIPster](https://www.reddit.com/user/bcRIPster/) | [Reddit](https://www.reddit.com/user/bcRIPster/comments/labq6u/follow_the_crumbs_gme_exposed_the_meta/) |
|
||||
|
||||
---
|
||||
|
||||
A friend of mine just sent this over to me. He's a noob and I'm a noob but in the true spirit of karma whoring for fake internet points I wanted to share and they said it's my funeral. Note we are both total retards, noobs and have no skin in the game cuz we too poor and can only afford plain popcorn, but we desperately want to see WSB succeed and Power to the Players! Do not take this as financial advice or god have mercy on your soul.
|
||||
|
||||
* * * * *
|
||||
|
||||
Uh guys... so we may see a crash that makes Enron look like a joke. There could be more than a short going on here, and more than firms pulling capital from other companies to cover.
|
||||
|
||||
I don't mean to go all conspiracy theory on you, but hear me out.... I think everything is going so off-the-rails not because of the short, but because Vanguard, Fidelity and BlackRock have sold more stock than exists. This is illegal (duh) but it has happened lots of times in the past. In fact, we didn't have real laws against it until 2008. We may see some bizarre moves if WSB doesn't sell, because some people need to hide some crimes. No joke. Here's why I think this may be the case:
|
||||
|
||||
---------- The Background ----------
|
||||
|
||||
Read this first to understand how naked shorts work:
|
||||
|
||||
<https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf>
|
||||
|
||||
Basically, to short a stock, you must "borrow" the stock from another account, usually something like a margin account. This is something that typically the clearing house does on behest of the fund doing the shorting. Most people don't even know when their shares are being borrowed by a hedge fund for the purposes of shorting.
|
||||
|
||||
A "naked short" is when you short a stock, but don't confirm that the stock you are borrowing actually exists. This can happen when a clearing house either purposefully or inadvertently (ahem, sure) lends the same stock more than once. This basically clones the stock, just like an item cloning glitch in a video game. There are now two copies of the same stock in existence being actively traded... at least temporarily. Hold that thought.
|
||||
|
||||
Naked shorts can be devastating to the company being shorted, as not only do they lose liquidity because of the short, the cloned stocks serve to dilute the value of the real stocks being held by artificially increasing the number of stocks being traded. Especially for small companies doing initial investment rounds, this practically guarantees bankruptcy: the diluted value limits the amount of capital they can raise, as the company never sees the cash from the cloned stock.
|
||||
|
||||
Now, after the 2008 crash the SEC in theory made this illegal. Obviously, this practice kills companies if the short succeeds or destroys markets if the short doesn't succeed. Either way, someone gets hurt.
|
||||
|
||||
HOWEVER, there's a catch: Because hedge funds and clearing houses are permitted to operate behind closed doors, the SEC can only detect a naked short when a "failure to deliver" occurs. When someone calls the short, either because of a buy or because someone withdraws the right to loan their shares, the person shorting then has 3 days to deliver. If they can't deliver the share (because it doesn't exist) within 3 days, then this gets reported as a "failure to deliver". Now, the SEC may look past a few of these because floats do happen, but too many and the SEC is obligated to open an investigation.
|
||||
|
||||
But of course, that never happens. The clearinghouse only has to report the net deliveries, not the actual transactions. This means that as long as there is someone buying on the day the failure-to-deliver would occur, the clearinghouse can roll the transaction forward... basically just like floating a check. The non-existent cloned stock is bought with the new buy, and the sell of real shares that should have covered that buy is left open but doesn't need to be fulfilled for three more days. The clock resets. This is sort of like somebody-I-know used to do by floating checks back and forth between two different bank accounts: keeping the money in the air for several weeks until payday by continually writing checks to cover checks. Super unethical, but does work.
|
||||
|
||||
But, this can't be continued indefinitely. There are SEC rules that make it tough to do this for longer than 21 days. IANAL, I don't know every loophole, but that's my understanding.
|
||||
|
||||
This is why after 2008 it became so important for the hedge fund to bankrupt the target company. If the company goes bankrupt, then the shares cease to be and the books never resolve. Even some kinds of restructuring can keep the books from resolving. It's still possible to cover this without bankrupting the company if you can get enough people to sell, but it's easier to crash the company and just make it all go away while pocketing cash from more shares than were ever real.
|
||||
|
||||
---------- The WSB Play ----------
|
||||
|
||||
Ok, now read this:
|
||||
|
||||
<https://seekingalpha.com/article/4370860-gamestop-short-squeeze>
|
||||
|
||||
This was basically the original WSB plan back from October. Don't worry about the plan... we know what's going on here already. Melvin Capital shorted by 140% which is more than the float. Gamestop had enough cash to cover debt so it seemed unlikely they would fail unless the hedge funds forced it to. Squeeze looks obvious when you lay it out that way.
|
||||
|
||||
BUT, there is one chart here that is super important when folks were trying to figure this out: look at the chart for institutional ownership!
|
||||
|
||||
<https://i.imgur.com/Jh5AI8V.png>
|
||||
|
||||
The top three names on that chart are Vanguard, Blackrock and Fidelity. As is suggested by the author, there is a strong likelihood that the top holders already loaned out all their shares to Melvin Capital. The shares had to come from somewhere, and this is the only place they could have come.
|
||||
|
||||
This is why some people thought this was a good move. Not just because there was a short, but because they could see that all the shares had already been "borrowed" which would force the hedge fund to buy at any price. There were simply no more shares available to option for any other kind of fuckery.
|
||||
|
||||
---------- The Expected Response ----------
|
||||
|
||||
Okay, so WSB made their move. And predictably Robinhood and a bunch of trading platforms cut the ability to buy GME. Seems obvious enough as a strategy to stem the bleeding, regardless of whether it is coming from Robinhood or, as they claim, the brokerage above them limiting trades for reasons. Whatever. Either way, this is an obvious response.
|
||||
|
||||
Likewise, there have been numerous pushes from the hedge funds to either convince WSB the positions are closed, or to convince them to change their position from GME to Silver.
|
||||
|
||||
Despite what the news is reporting, no one in WSB appears to be buying silver. Maybe someone is, but it ain't them. I did a site-wide search for silver, then pulled the post history for all the accounts that made the posts--of which there are shockingly few compared to what the news media is implying. The only accounts promoting this appear to be mostly bots: they became reddit premium within the last week, or they are necro accounts that have no posts for two or three years until suddenly dozens of silver related posts in the last few days. Conversely, there are been numerous long standing accounts warning others that these silver posts are bots.
|
||||
|
||||
None of this is unexpected. Bots and media manipulation have been par for the course for political bullshit for the last few years.
|
||||
|
||||
Boots on the ground, I have literally no idea where the news media is getting this story other than a change in silver pricing. I am not seeing any such discussion in related communities, and certainly none that pre-dates the news stories! To be fair and avoid conspiracy: I don't hang out on twitter. There are retail traders outside of Reddit, and perhaps the media is clumping multiple groups together and mistaking Twitter for Reddit. Wouldn't be the first time. Even on 4chan /b/ is not /pol/ and so on. People make that mistake all the time, so the misrepresentation may be entirely unintentional. I know the internet is a weird weird place and not everyone gets how it works.
|
||||
|
||||
The last expected response is the fact that many of the hedge funds bought new short positions, especially assuming that most of Reddit would sell on Friday. (Which they did not) There are additional short positions held that expect WSB to fold within the next week. This coincides with the news reports expecting people to try to collect their profits. Of course, many people don't intend to do that. They aren't worried about the profits they want to see hedge funds go down.
|
||||
|
||||
But all this movement leads to an obvious question: If there are no shares available to borrow, then what are they borrowing against for the short??
|
||||
|
||||
---------- Clearing Houses are Sus ----------
|
||||
|
||||
Okay, soooo.... We expect Wall Street to prevent buying GME, which they have; and to unleash bots to change sentiment, which they have; and to promote news stories to try to change the situation, which they have.
|
||||
|
||||
BUT, with all of this, there are two retail trading platforms that are still allowing GME trades: Vanguard and Fidelity. There is also one firm that started buying GameStop themselves five days ago: BlackRock. Sound like a familiar list?????? These are the firms that held the shares that the hedge funds were borrowing against to short.
|
||||
|
||||
Now, if all the funds are trying to stop the bleeding, WHY would these firms still allow trading when no one else is... much less start buying themselves?
|
||||
|
||||
Unless.... The shares DON'T EXIST.
|
||||
|
||||
You can't float a check between two accounts without writing another check. Someone needs to buy the shares in order to push the failure-to-deliver of the non-existent cloned stock into the future, otherwise the gig is up and the SEC finds out. If Vanguard and Fidelity become the only source for Redditors to buy from, then they can keep moving the doomsday clock forward. BlackRock can do the same thing by buying the stock themselves. Not as good a position, but not a lot of other choice if they need the books to read clean. Ok, someone with more experience than me can surely explain this better as there are some gotchas, but that's the basic gist.
|
||||
|
||||
More proof those shares don't exist? This academic paper from last year gives a clue:
|
||||
|
||||
<https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3673531>
|
||||
|
||||
Even if you own shares, you can't vote in a shareholder's meeting if your shares have been loaned out. Less than half of GameStop shareholders were eligible to vote by April of last year, with even fewer by August! There were so many shares borrowed SIX MONTHS AGO that it was affecting GameStop's ability to hold a quorum among shareholders.
|
||||
|
||||
Now the paper was only concerned about how short selling was affecting company's ability to administer. The idea that these were naked shorts never came up AFAIK. But knowing what we do now, this seems increasingly likely.
|
||||
|
||||
Also, for good measure beyond academia, this was in the news from last year:
|
||||
|
||||
<https://www.wsj.com/articles/how-investing-giants-gave-away-voting-power-ahead-of-a-shareholder-fight-11591793863>
|
||||
|
||||
If you look at the volume that WSB has bought since then, and the amount held in options, and the amount of shares that have been borrowed against in the last week or two as hedge funds have placed a second set of shorts... well... it sure looks like there are way more shares on the market THAN EXIST. Of course, without having the records from the clearing houses, AFAIK there's no way to know for sure. Only the SEC can do that.
|
||||
|
||||
I don't mean the bet WSB played... that Marvin had 140% of the FLOAT. I mean that Vanguard, Fidelity and BlackRock have sold more than the TOTAL SHARES that EXIST.
|
||||
|
||||
That's a completely different problem and it's punishable by jail time. Not a joke. It's basically counterfeiting stock shares, although that's not the terminology used. If this is true, who knows how many other times they've done this. Or maybe it's not true, and they just really like the stock??? If BlackRock started buying five days ago, and the longest they can likely do this is 21 days, then the doomsday clock doesn't run out until at least February 17th. If Wall Street can get WSB to sell before then, then they won't get caught and won't go to jail. But if they don't.... well, this will make Enron look like chump change.
|
||||
|
||||
If enough people hold until the end of February, and this is truly the situation, then there is a chance that major parts of Wall Street are going to IMPLODE.
|
||||
|
||||
---------- The Conclusion ----------
|
||||
|
||||
Apes need diamond hands until the end of February in order to get the SEC involved, most likely somewhere between Feb 17th - 19th. Whether or not this will happen is anybody's guess, but if it does all heck may break loose!
|
||||
|
||||
Wall Street will probably do everything in their power to prevent that. There are too many top players involved. Crazy moves are likely because stock brokers are smooshy and jail is uncomfortable.
|
||||
|
||||
This may effect the market. (Duh) Bloomberg may be correct, but not at all for the reasons stated. But, that said, I wouldn't panic if it does. I think it will be fine in the long run, but that's a whole other set of reasoning for another day.
|
||||
|
||||
Standard Disclaimer: This is not financial or legal advice. I am a retard and I have no idea what I am talking about. This is entirely speculation. :)
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit: here is the link to my second attempt to post to [r/WSB](https://www.reddit.com/r/WSB/), maybe a mod can reverse the removal? The post still shows listed on my end: <https://www.reddit.com/r/wallstreetbets/comments/la9ms9/follow_the_crumbs_gme_exposed_the_meta/>
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit 2: Ok so don't ask me for stock advice. I don't know stocks and neither does my friend. We both think holding is the right move but beyond that we don't know and could even be wrong about that. And furthermore I don't want this to come off like we're accusing these companies of nefarious deeds. We don't know what is going on. The data is sus. The activities are sus. Google is your friend and the post tries to list sources for the research. Do your own research though! For ducks sake this is a rando post on UserSub. I'm happy to see the love but this is a one shot research dump by someone who knows nothing about this topic.
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit 3: [u/traveljg](https://www.reddit.com/u/traveljg/) has commented that Blackrock is on the record for selling not buying but I don't know enough about any of this to challenge the idea one way or another and my friend is off on some other crusade at this point so he's worthless for questions. This is why it is SUPER important that you do your own research and not take advice from a rando.
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit 4: I'm not responding to chat requests. If you have comments make them on the post. What is wrong with you retards?
|
48
DD/2021-02-01-Lets-Talk-About-Options-Calls.md
Normal file
48
DD/2021-02-01-Lets-Talk-About-Options-Calls.md
Normal file
@ -0,0 +1,48 @@
|
||||
Let's talk about the GME $800 Calls for 2/5, 2/12, 2/19 and 3/19
|
||||
================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/PDX4](https://www.reddit.com/user/PDX4/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lalnju/lets_talk_about_the_gme_800_calls_for_25_212_219/) |
|
||||
|
||||
---
|
||||
|
||||
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Okay fellow retards...time for some DD on the metric-fuckton of GME $800 call options for the above referenced expiration dates.
|
||||
|
||||
Obligatory I am not a financial advisor, just a smooth brain neanderthal.
|
||||
|
||||
I noticed a post earlier calling out the 3/19 $800 call options and the significant volume. I wanted to do some digging, below is my attempt to explain what *might* be going on. Constructive criticism and contrarian ideas are more than welcomed.
|
||||
|
||||
Let's start with the numbers...there were a total of 29,935 contracts of the GME $800 calls traded across these 4 expirations. This is compared to only 9,106 of open interest (for all you autists out there that don't know, the open interest aka OI is how many contracts were open through yesterday). Tomorrow morning will be interesting to see if the OI increases or decreases...this will help us understand if some of that volume was opening new positions or closing existing ones but regardless, many of them *have to be opening* *new contracts* since the volume is 3x the OI. Proof below.
|
||||
|
||||
[](https://preview.redd.it/3ovlfm0r5ze61.png?width=1777&format=png&auto=webp&s=ac534b7e8fd03d8dc1b1ac3ff68e16e2773a5df6)
|
||||
|
||||
GME 2/5 $800 Calls
|
||||
|
||||
[](https://preview.redd.it/y9fov47t5ze61.png?width=1774&format=png&auto=webp&s=2b963e0f8e1a6edc6ab193cd64d7e9c6ffbe62aa)
|
||||
|
||||
GME 2/12 $800 Calls
|
||||
|
||||
[](https://preview.redd.it/4mui0z6x5ze61.png?width=1786&format=png&auto=webp&s=3937bb23e0bb7e2c1e74fcd9066817777d431c1b)
|
||||
|
||||
GME 2/19 $800 Calls
|
||||
|
||||
[](https://preview.redd.it/b21gob6z5ze61.png?width=1788&format=png&auto=webp&s=615555f4e98da988c49a89ea5991d6c7063ff7a9)
|
||||
|
||||
GME 3/19 $800 Calls
|
||||
|
||||
Why would there be so much volume today for the GME $800 calls across so many expirations? There's a lot of different reasons this could happen, let's conduct a process of elimination to hopefully follow Occam's Razor and see what is the most likely and/or most reasonable explanation. My first assumption is that hedge funds are responsible for the volume, too much $ for retail IMO. If I take the last price at market close of each contract and add it up, this is ~$57M...also note that these were all traded in small chunks throughout the day, no massive orders of 1,000 blocks or anything, largest is a hundred or so. They accumulated throughout the day so that $57M should be a conservative estimate. Perhaps these were traded in sweeps throughout the day to not get seen by option scanners?
|
||||
|
||||
I don't see a good reason why HF's would sell all these naked...could they collect premium on downward or flat movement of GME? Yes, but that seems like a poor method to do so since the delta stinks. It also exposes the seller to *massive* risk of having to sell shares should they end up ITM. It's like picking up pennies in front of a steamroller, just not worth the money...we know they don't have shares to sell, they need to buy shares to cover their shorts.
|
||||
|
||||
I also don't see why these would be covered calls where they own the underlying because DUH the whole point is they are trying to obtain shares of GME to cover.
|
||||
|
||||
If they weren't sold naked or covered, then they had to be bought, but why? Well...~$57M isn't *that* much when you're down billions so far on your shorts. If GME's price can be driven down through short ladder attacks from HF's to shake out weak paper handed bitches, through artificially suppressed retail demand by Brokers and their fuckery, and through the media's fear tactics, this means 2 *very important* things could be achieved: 1.) They can have GME's price be lower than it otherwise would to begin the squeeze en masse that they know is inevitable and 2.) they can recognize significant profit/hedging from their deep OTM calls options on the way up.
|
||||
|
||||
The HF's were caught with their pants down and have been given the luxury of time and support from external actors (Fuck you, RH IBBK TD and every other shady broker and the media) to get their ducks in a row. They are trying to engineer the squeeze *on their terms* to reduce their losses.
|
||||
|
||||
TLDR: There is a TON of GME $800 call volume across multiple strikes. Seems weird for them to be sold. Might be HF's plan to profit/hedge on way up once the real squeeze begins now that they have been able to grind GME down with short ladder attacks and artificially suppressed retail demand from asshole brokers.
|
||||
|
||||
Chime in my fellow Idiot-Savants!
|
@ -0,0 +1,148 @@
|
||||
How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares
|
||||
=============================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/President_Wolfe](https://www.reddit.com/user/President_Wolfe/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/) |
|
||||
|
||||
---
|
||||
|
||||
OC[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
*EDIT: This post is meant as a mathematical (~Middle School Algebra) exercise regarding GME stock and shorts. The title itself is meant to be the literal end as intended, and describes how it would be impossible for all shorts (estimated) to be covered, closed and completely done and finished, with only using the available outstanding shares on the specific days stated. Please note that I have made no comments on possible options that HF's can/did use as* *I DO NOT HAVE THAT DATA!* *I have, hopefully, labelled the assumptions I made to do these calculations, and pointed out some general assumptions,more shorts mean more gains, sarcastically, that do not always appear to be true in the given data.*
|
||||
|
||||
These are just general findings, so chill the fuck out!
|
||||
|
||||
Please note that the below plots are all done using publicly available data from FINRA, Jan29th text file ( <http://regsho.finra.org/CNMSshvol20210129.txt>) Feb 5th text file (<http://regsho.finra.org/CNMSshvol20210205.txt>) regarding short volumes and Yahoo Finance for daily volume and GME daily prices.
|
||||
|
||||
I promise you the long read is worth it, but the TLDR version is at the bottom in Figure 9. The majority of the text is needed to inform a general audience of how an estimate of over 70 million shorts a day was reached. Please help out if there are any huge oversights, or wrong calculations, in the comments below, as I'm not responding to nearly any chats these days due to all the bots wanting me to either join an illegal conspiracy to raise the price of silver, or just shady as fuck.
|
||||
|
||||
Below is just a plot of the daily stock prices at the open and close of trading during regular hours for GME (source Yahoo Finance).
|
||||
|
||||
[](https://preview.redd.it/hm1mk6i09yf61.png?width=600&format=png&auto=webp&s=1bbe89497fafa8b1d449cf203c66ad2b62cbe111)
|
||||
|
||||
Figure 1: No real new information from this plot that everyone doesn't already know.
|
||||
|
||||
So as EVERYONE KNOWS, shorts can cause the price to rise in a given stock as the share of stock must be purchased, and with supply and demand, we aim for the heavens...
|
||||
|
||||
[](https://preview.redd.it/t8yyps5bayf61.png?width=600&format=png&auto=webp&s=e17249ce1c3e2349d7d082a2690d77bfa4a8c3ad)
|
||||
|
||||
Figure 2: Shorts and Short Exempts (note y-axis is in MILLIONS) as reported by FINRA during regular business hours.
|
||||
|
||||
So let's do a quick sanity check. Looking at Figure 2, we see that on Jan 13th, over 40 MILLION shorts were executed! So if we check Figure 1on Jan 13th, we should expect to see that the price increased, which it did.
|
||||
|
||||
Let's look at it a different way and plot the Closing Price minus the Opening Price to see just how much GME stock price changed each day.
|
||||
|
||||
[](https://preview.redd.it/8dutm3frcyf61.png?width=600&format=png&auto=webp&s=458d804b49dea6f728ea29f3946a506a6ac2113b)
|
||||
|
||||
Figure 3: Overall change in stock price from open to close of GME.
|
||||
|
||||
This plot seems to be dominated by the wild changes in price during late January/early February, so let's do a normalization trick by taking the above values and dividing them by their respective opening price that day.
|
||||
|
||||
[](https://preview.redd.it/iokqj1i4dyf61.png?width=600&format=png&auto=webp&s=533c7228e8ff52bbb6cc23fe7bc0a145f0716efe)
|
||||
|
||||
Figure 4: GME Price change relative to the opening price that day.
|
||||
|
||||
Now in Figure 4 we can see the change in price relative to what it was starting out on that day. Again we see that Jan 13th increased, by over 50% that day.
|
||||
|
||||
So let's make it easier for everyone and combine Figure 2 and Figure 5 to see both the total number of shorts executed, and the price change, for the same day.
|
||||
|
||||
[](https://preview.redd.it/udf0do41fyf61.png?width=600&format=png&auto=webp&s=af67822fa65e5df33bf2b994c30602f7b8582904)
|
||||
|
||||
Figure 5: GME Price change relative to opening price, and the total number of shorts(both short and "short exempts") during Regular Business Hours, via FINRA
|
||||
|
||||
NOW WE GOT A PLOT! Here we see both the change in price AND the number of shorts being executed for a single day.
|
||||
|
||||
But what do we actually get from Figure 5? Jan 13th keeps with our hypothesis that MORE SHORTS MEANS MORE GAINS, but we don't see that across the board though.....?
|
||||
|
||||
Jan 13th, Jan 22nd, Jan 26th, and Feb. 5th all show gains in price, and large number of shorts...
|
||||
|
||||
22 days I tracked, and 11 of those days have over 10million shorts during regular business hours, but only 4 days have gains of 20% or greater, and only 3 of THOSE days have gains over 50%.....?
|
||||
|
||||
Eye Raise:
|
||||
|
||||
- Why hasn't GME reached the Moon with all the Rocket/Shorts Fuel yet?
|
||||
|
||||
-"The screaming cries of wallstreetbets"
|
||||
|
||||
Hmmmmm, ok, well maybe we should also compare the overall volume of GME also and not just the shorts. The HYPE was/IS real over GME, and the world took notice. Let's see how the volume changed with it.
|
||||
|
||||
First, just plot out the daily volume during regular business hours.
|
||||
|
||||
[](https://preview.redd.it/8401qqamiyf61.png?width=600&format=png&auto=webp&s=308bf45b5b5f75766d96d57ca55bbee0b9c873eb)
|
||||
|
||||
Figure 6a: Regular Hours Daily Volume for GME, as reported by FINRA
|
||||
|
||||
Alright, what do we get out of this plot...? Well, from Jan 13th and onward the volume shot THROUGH THE FUCKING ROOF, compared to early January.
|
||||
|
||||
BUT WAIT A DAMN MINUTE?!?!?!?
|
||||
|
||||
I didn't hear about the GME Hype Train until mid to late January!? From what I can find googling it seems that most major news outlets didn't really report on WSB/GME until Jan 21st, with serious mentions coming around Jan 24th weekend.
|
||||
|
||||
General Assumption I'M MAKING:
|
||||
|
||||
Most of the actual "Retail Investors" didn't join GME until weekend after Jan 22nd.
|
||||
|
||||
[](https://preview.redd.it/bxnpcbheuyf61.png?width=600&format=png&auto=webp&s=9fe167ab117d9d361f7f2926d85bc837319dcf33)
|
||||
|
||||
Figure 6b: Full Daily Volume as reported by Yahoo Finance for GME. Note that Figure 6a is contained within Figure 6b.
|
||||
|
||||
So, ASSUMING, the above, let's say the higher volume AFTER Jan 25th is from Urist McLossesMoney.
|
||||
|
||||
So what's with the crazy high volume before then? Is it from the insiders, the true chosen among us, the users in [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) that aren't bots?----->NOPE.
|
||||
|
||||
Almost certainly volume before Jan 22nd is from the hedge funds having to buy up the shorts they WAY THE FUCK overextended on! The "big bois" had to join us bottom feeders and buy up the stock to cover their 9000% short shares... maybe.
|
||||
|
||||
Anyway we can check something else that to shine some light into what happens during the dark hours of trading... After Hours Volume.
|
||||
|
||||
[](https://preview.redd.it/dzjkv3zqlyf61.png?width=600&format=png&auto=webp&s=30b68bc546184bc5e079101a4c9d9d66b1955365)
|
||||
|
||||
Figure 7: Regular Hours Trading compared against After Hours Trading for GME
|
||||
|
||||
I DO LOVE PLOTS!!!! Here, I've taken the regular hours volume(again from FINRA) and subtracted it from the day's total volume, as reported by Yahoo Finance, to get the After Hours Volume. But again what stands out/what's the point of this plot?
|
||||
|
||||
After Hours Volume overtakes Regular Hours Volume Jan 22nd, and has remained where MOST of the action is going on!
|
||||
|
||||
GENERALLY, "Retail Investors" don't/CANT engage in after hours trading. And also, don't confuse what you do on your trading app at 2am with what broker-dealers and big bois are doing at 2am.
|
||||
|
||||
We see around Jan 13th, after hour volume went above 50million, my general dumbass guess is because HF's needed to buy shares to cover shorts, and the few following days thereafter.
|
||||
|
||||
Hmmmm. OK, let's take a step back and look shorts again....
|
||||
|
||||
[](https://preview.redd.it/kolo2hw7ryf61.png?width=600&format=png&auto=webp&s=da005e3f065d05341a1fa196c07c9b3b3523793b)
|
||||
|
||||
Figure 8: Percentage of Regular Hour Short Volume as a Percentage of Total Volume during Regular Hours.
|
||||
|
||||
Figure 8 just shows that over half of all volume, just during regular hours, are shorts. I don't know if there are numbers out there that show after hours shorts, if so PLEASE COMMENT IT!!!!!!
|
||||
|
||||
And because I can't get after hours short volume, we have to make a wild guess as to this next step.
|
||||
|
||||
So multiply Figure 8 by Figure 6b and you get.....
|
||||
|
||||
[](https://preview.redd.it/yscv7o1ssyf61.png?width=600&format=png&auto=webp&s=86594c24fa071bee2a7b7b2e25f607241c13e9b3)
|
||||
|
||||
Figure 9: Estimated the full daily short volume by multiplying the regular hours short ratio from Figure 8 by the whole daily volume reported by Yahoo Finance.
|
||||
|
||||
NOTE: Figure 9 is an estimate, but it's still a low-ball estimate.
|
||||
|
||||
ASSUMPTION --> Let's assume that after hours volume plays just like regular hours trading.
|
||||
|
||||
I STILL HIGHLY FUCKING DOUBT THAT AND WOULDNT BE SURPRISED IF AfterHoursVolume was higher than 75% of just shorts.
|
||||
|
||||
Still, let's roll with Figure 9. Looking at Jan 13th, we estimate the number of shorts executed was...over 76 MILLION!
|
||||
|
||||
And there are.... 69.75M shares outstanding... yep... ok... checks out!
|
||||
|
||||
TLDR: Go to Figure 9, NOTE THAT IT'S AN ESTIMATE(and a low one at that), and see how it's impossible that they covered their shorts (ON THOSE DAYS) see edit below.
|
||||
|
||||
Not financial advice, not advocating violence, not legal advice, just doing some math while my wife and her boyfriend watch The Crown.
|
||||
|
||||
Edit 1: Yes, title is a typo. "...Shorts WE ARE Covered..." smh
|
||||
|
||||
Edit 2: finra link seems to break for some with the https:// in the front, try it without and added direct links to text files. Also, no I did not include ways to cover shorts with options/bought/sold/traded/fails-to-deliver/NoExpirationShortsJustPayInterest/t+3/etc.... since I already threw a god-awful amount of text at you and literally pointed to exact dates and I don't have Bloomberg/L50Data...
|
||||
|
||||
Edit 3: Removed comment by request of user.
|
||||
|
||||
Edit4: And thanks to u/[jusmoua](https://www.reddit.com/user/jusmoua) for getting the post back up!
|
||||
|
||||
and Thank You Everyone For the Awards!
|
@ -0,0 +1,114 @@
|
||||
WSB deleted post about how the GME short report tomorrow can be manipulated with concrete history of past Melvin/Citadel fines...here's the archived version
|
||||
============================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| Re-posted by [u/cdgullo](https://www.reddit.com/user/cdgullo/) | [Reddit](https://www.reddit.com/r/GME/comments/lfev5s/wsb_deleted_post_about_how_the_gme_short_report/) |
|
||||
|
||||
---
|
||||
|
||||
EDIT: It may not be apparent that I am not the original writer of this DD. I have simply found the [archive.org](https://archive.org/) version of the deleted WSB post and reproduced it below. Neither I or the OP are financial advisors.
|
||||
|
||||
<https://web.archive.org/web/20210208143828/https://www.reddit.com/r/wallstreetbets/comments/lf5tkc/dd_how_the_short_interest_report_for_gme_and/>
|
||||
|
||||
There is also a post from a week ago on WSB about all the $800 calls on 2/12, 2/19 and 3/19 and why they might exist which I found pretty insightful (it has half the upvotes of this post despite being in a sub with almost 9 million people):
|
||||
|
||||
<https://www.reddit.com/r/wallstreetbets/comments/lalnju/lets_talk_about_the_gme_800_calls_for_25_212_219/>
|
||||
|
||||
This is the reproduced deleted post:
|
||||
|
||||
- Disclaimer 1: I'm a novice. I'm informing you of what I'm aware of, and what I know of. I would extremely appreciate it if commenters can post some DD or any related facts on the topic.
|
||||
|
||||
- Disclaimer 2: This is based on my current understanding, which may be incorrect. If you object to any of the points I make, please make them clear in the comments and state why.
|
||||
|
||||
- Disclaimer 3: I'm not a financial advisor, and this is my PERSONAL opinion.
|
||||
|
||||
- Disclaimer 4: This post is making the assumption that you already believe, or at least believe in the possibility, that hedge funds have not covered and the squeeze has not squoze. If you don't, just see the hundreds of DD's floating around on this topic. Here's the most recent one I read by [u/RubinoffButtChug69](https://web.archive.org/web/20210208143828/https://www.reddit.com/user/RubinoffButtChug69/)
|
||||
|
||||
[https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/?utm_medium=android_app&utm_source=share](https://web.archive.org/web/20210208143828/https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/?utm_medium=android_app&utm_source=share)
|
||||
|
||||
- Disclaimer 5: If you disagree and think the squeeze has squoze, then I really have no idea why you're wasting your time and energy reading this and posting negative comments with your paper hands.
|
||||
|
||||
In my DD below, I will post links to where I'm getting my information in the [1], [2], [3], [4], [5], etc; at the end of the sentence. Matching numbers means it's the same link.
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
Some background information
|
||||
|
||||
> "FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month. " [[1]](https://web.archive.org/web/20210208143828/https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#overview)
|
||||
|
||||
The next reporting date is Feb 09th. where data from January 15 - January 29th will be reported. This information must be sent to FINRA by February 02nd. [[1]](https://web.archive.org/web/20210208143828/https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#overview)
|
||||
|
||||
This reporting is what nearly all other markets use as a reference point. For example, NASDAQ references the use of FINRA as the source of their short interest [[2]](https://web.archive.org/web/20210208143828/http://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch)
|
||||
|
||||
> "Member firms that have short positions in OTC equity securities and in securities listed on a national securities exchange, such as NASDAQ, NYSE, NYSE American, NYSE Arca, Cboe BZX, and IEX, must file a Short Position Report with FINRA via the Web-based system" [[11]](https://web.archive.org/web/20210208143828/https://www.finra.org/filing-reporting/short-interest/regulation-filing-applications-instructions)
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
What is my concern?
|
||||
|
||||
My concern lies with the potential of firms to inaccurately report their short interest levels to FINRA. From my understanding, it is the short investment firms that send these reports to FINRA, and not the company itself [Gamestop].
|
||||
|
||||
What is the reasoning behind my concern? It is the penalty/fines for frauding the short interest that is the issue. In the most simple terms: The amount fined is extremely low.
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
Some examples of fines in the past:
|
||||
|
||||
> FINRA fines NOMURA $300,000 for violations of short interest [[3]](https://web.archive.org/web/20210208143828/https://financefeeds.com/finra-fines-nomura-violations-short-interest-reporting-requirements/)FINRA fines Barclays Capital Inc. $125,000 for failure to accurately report short interest positions[[4]](https://web.archive.org/web/20210208143828/https://financefeeds.com/finra-fines-barclays-capital-failure-accurately-report-short-interest-positions/)FINRA fines Morgan Stanly & Co. LLC $2 million for short interest reporting and short sale rule violations [[5]](https://web.archive.org/web/20210208143828/https://www.finra.org/media-center/news-releases/2015/finra-fines-morgan-stanley-2-million-short-interest-reporting-and-short)FINRA fines Oppenheimer $275,000 over short-interest reports [[6]](https://web.archive.org/web/20210208143828/https://www.finra.org/media-center/news-releases/2015/finra-fines-morgan-stanley-2-million-short-interest-reporting-and-short)FINRA fines Albert Fried & Company $27,500 for failing to report 28 short positions, totaling 8,757,100 shares [[7]](https://web.archive.org/web/20210208143828/https://www.finra.org/media-center/news-releases/2015/finra-fines-morgan-stanley-2-million-short-interest-reporting-and-short)
|
||||
|
||||
Slightly related:
|
||||
|
||||
> FINRA fines Citadel $700,000 for allegedly breaching FINRA Rule 5320: Prohibition against trading ahead of customer orders. And Rule 6460: Display of Customer Limit orders. [[8]](https://web.archive.org/web/20210208143828/https://www.bloomberg.com/news/articles/2020-07-21/citadel-securities-fined-by-finra-for-trading-ahead-of-clients)FINRA fines Robinhood 1.25 Million for best execution violations related to customers' equity orders.[[9]](https://web.archive.org/web/20210208143828/https://www.finra.org/media-center/newsreleases/2019/finra-fines-robinhood-financial-llc-125-million-best-execution)FINRA fines Melvin securities $15,000 for failing to make, and keep an accurate trail balance, general ledger, and net capital calculation by failing to timely accrue liabilities for certain invoices [[10]](https://web.archive.org/web/20210208143828/https://www.finra.org/sites/default/files/publication_file/Disciplinary_Actions_January_2019.pdf) (found on page 3 of the link)
|
||||
|
||||
I hope you're starting to see the pattern here. These "fines" are just repulsively low in the grand scheme of the companies.
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
How does this relate to GME?
|
||||
|
||||
If you haven't been living underneath a rock the past two weeks, you should know about all the market manipulation going on for GME. All the short ladder attacks against GME by hedge funds, all the media manipulation, the brokerages restricting GME orders and plummeting the price, the immense failure-to-deliver orders on GME; There's honestly way too much to list.
|
||||
|
||||
Hedge funds are spending millions, tens of millions, hundreds of millions, every single day for these strategies and to pay off the interest on their expired short interest and failure-to-deliver positions.
|
||||
|
||||
Do you really think they wouldn't pay a million-dollar fine in order to save billions on their short position?
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
Get your tinfoil hats ready
|
||||
|
||||
A lot of people are waiting on the February 09th date to decide what to do with their GME stock positions. We will probably see the wildest price fluctuations on the 9th, whether it soars or plummets. I know, I know, most people here will HOLD GME to the god damn ground. But unfortunately, a lot of people are looking at the February 9th date to understand the situation.
|
||||
|
||||
And Hedge funds should know that.
|
||||
|
||||
They should be aware that, if the Feb 09th report is accurate, it will show their short-positions. It will rally the stock again, and it will soar to the moon. At that point, there isn't much they can do to manipulate the stock. Everyone will know they lied to the media about covering their positions, and won't believe a thing they say. Everyone will have moved on to a real brokerage by then and can execute trades again.
|
||||
|
||||
So why haven't they covered yet?
|
||||
|
||||
In my eyes, there are three possible reasons why they haven't covered their position yet.
|
||||
|
||||
1. They're waiting for the February 09th date. After the short interest report is released (and it inaccurately shows the low short-interest due to fraud) there will be a huge selloff in the next few days. They will probably cover their positions a few days/week after February 09th: as the GME stock will have had plenty of time to react and fall in light of news of the fraud short-interest. At some point, the increasing interest in their expired short-positions and failure to delivers will outweigh the decreasing GME stock, and they will cover. They would also want to sell this before FINRA catches wind of this, and publicly announces that there was fraud regarding GME short interest (I personally think it takes FINRA a while to discover these things, so don't count on it. But GME might be an exception they're eyeing due to all the attention surrounding it)
|
||||
|
||||
2. They're going to cover on February 08th, before the news is released. They will use everything they have left at their disposal, all the media attacks, the short ladders, EVERYTHING. They will bring the price as low as they possibly can, and close out their positions towards the end of the market day. If we see huge downwards movement tomorrow despite low volume, this is probably what is happening.
|
||||
|
||||
3. They are somehow clueless that the short-interest report on Feb 09th will cause a retaliation of the stock, and increase the volume. The stock will rise immensely within days, and they will be caught with their pants under their ass. The paper hands will again see their opportunity, and join back into the stock as the price keeps rising
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
What should you do?
|
||||
|
||||
If the short interest report comes out, and you believe, based on your DD and research, that the short-interest levels simply don't match up to what they should be: You should HOLD.
|
||||
|
||||
HOLD through the crash. HOLD through the FUD.
|
||||
|
||||
The shorts will cover a few days/week after Feb 09th, and there will be a very indicative spike in volume and price. This will also probably be followed with momentary confused hype around the stock for a few days, further increasing the price. Keep an eye out for these days!!!
|
||||
|
||||
_________________________________________________________________________________________________________
|
||||
|
||||
TL;DR
|
||||
|
||||
There is a possibility the February 09th release of Short-Interest info will be fake, frauded. This is because the fine/penalty for reporting false information is EXTREMELY LOW (anywhere from 100k to 2 million on average in the past). Hedge funds will save BILLIONS by taking that measly 1 million fine. They already are spending millions every day on interest for their expired short and failure-to-deliver positions, short ladders, media manipulation, etc strategies.
|
||||
|
||||
Be prepared to HOLD through this. Expect them to cover their positions after a few days/week after the rising interest cost of their expired short position and FTD > the continued decreasing price in GME
|
||||
|
||||
At the very least, just read the "So why haven't they covered" part of my DD so you know what MIGHT happen in the next few days and what to do.
|
32
DD/2021-02-09-GME-and-AMC-Short-Interest-Data.md
Normal file
32
DD/2021-02-09-GME-and-AMC-Short-Interest-Data.md
Normal file
@ -0,0 +1,32 @@
|
||||
GME and AMC short interest data
|
||||
===============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/missing_the_point_](https://www.reddit.com/user/missing_the_point_/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lghaex/gme_and_amc_short_interest_data/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Finra, Fintel, and Wall Street Journal are reporting different percentages.
|
||||
|
||||
[Finra - GME](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) -- Short Interest: 78.46\
|
||||
[Finra - AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) -- Short Interest: 15.70 (some people have reported that it's not updating for them and they still see 38.12)
|
||||
|
||||
[Fintel - GME](https://fintel.io/ss/us/gme) -- Short interest % of Float: 44.02\
|
||||
[Fintel - AMC](https://fintel.io/ss/us/amc) -- Short interest % of Float: 68.48
|
||||
|
||||
[WSJ - GME](https://www.wsj.com/market-data/quotes/GME) -- Short interest % of Float: 41.95\
|
||||
[WSJ - AMC](https://www.wsj.com/market-data/quotes/AMC) -- Short interest % of Float: 66.06
|
||||
|
||||
Edit 1: As a post mentioned earlier today, Citadel has lied before about their short interest data. There is a small fine of, like, $149,000 for doing so. Paying the fine could save them billions of dollars, so it's possibly that all of the data is completely inaccurate.
|
||||
|
||||
Edit 2: Stop commenting that it's old data. We were waiting for data for the 29th. The reports are behind. This is the data that came out today, I assure you.
|
||||
|
||||
Edit 3: I usually use Fintel, not Finra, but I don't think some of the people commenting are right in assuming the Short Interest on Finra is the % of the float. Short interest ≠ Short Interest % of Float. They are different. Some other posts that recently updated are just throwing a % sign on there and saying it's % of float
|
||||
|
||||
Edit 4: Hedge funds, if you're reading this right now, go fuck yourself.
|
||||
|
||||
Edit 5: I've got about 750 shares of GME and a little over 8,000 AMC. I'm holding both. The discrepancies in the data across all these sites is all you need to know. To the moon 🚀🌒
|
131
DD/2021-02-11-ETFs-have-the-Biggest-Diamond-Hands.md
Normal file
131
DD/2021-02-11-ETFs-have-the-Biggest-Diamond-Hands.md
Normal file
@ -0,0 +1,131 @@
|
||||
The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!
|
||||
========================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/diamondhandsbaby0](https://www.reddit.com/user/diamondhandsbaby0/) | [Reddit](https://www.reddit.com/r/Wallstreetbetsnew/comments/lhiwhh/the_etfs_have_the_biggest_diamond_hands_and_went/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/Wallstreetbetsnew/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
I am not a financial adviser, this is not financial advice.
|
||||
|
||||
I have a theory:
|
||||
|
||||
The sudden increase in the share price, and therefore market cap, has triggered dozens of ETFs and Index Funds to automatically buy shares in GameStop at the market price. In the process, they have discovered they have diamond hands.
|
||||
|
||||
These funds are tracking the market, so once a company reaches a certain size, they must include them as part of the fund (as long as fits the other criteria as well). GameStop all of a sudden crossed that threshold.
|
||||
|
||||
I think the funds hold shares closely. They could be "locked up" for a certain time and therefore an argument could be made they no longer count towards the float. This is because the public will not be able to buy them for an extended period. The float only counts shares that can be publicly traded on the stock market.
|
||||
|
||||
You could say that the ETFs have Diamond Hands. They hold them so closely they're no longer on the float!
|
||||
|
||||
Background: the float has been reported to be 50 million shares widely for a while. Recently, there has been an exception for MorningStar, which puts the float at ~27 million. I also believe this is the number that FINRA has based its short interest % on, because it works out exactly. ([see my post on that](https://www.reddit.com/r/Wallstreetbetsnew/comments/lhdylm/gamestop_short_interest_and_floats/))
|
||||
|
||||
These are the numbers from MorningStar, note the size of the Float.
|
||||
|
||||
[](https://preview.redd.it/que46dcz8ug61.png?width=479&format=png&auto=webp&s=88d0b013d6e46a5b6a32796427300aedc75e1655)
|
||||
|
||||
Source: https://www.morningstar.com/stocks/xnys/gme/quote
|
||||
|
||||
Here is some evidence to back up this theory:
|
||||
|
||||
Table of Shares that are "closely held", compiled from public records.
|
||||
|
||||
Note the filing dates in bold. You will notice a lot of new buys around the very end of January, precisely when the share priced rocketed and market cap was very high.
|
||||
|
||||
"Diamond Hands"
|
||||
|
||||
| Owner | Shares | Type | Filing Date | Source |
|
||||
| --- | --- | --- | --- | --- |
|
||||
| RC Ventures | 9,001,000 | Ryan Cohen | 1/10/21 | Gamestop IR |
|
||||
| Fidelity Intrinsic Opportunities Fd | 6,801,757 | Fund | 10/31/2020 | [Finra](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0) |
|
||||
| iShares Core S&P Small-Cap ETF | 3,621,031 | ETF | 1/28/2021 | Finra |
|
||||
| Fidelity Low-Priced Stock Fund | 2,000,679 | Fund | 10/31/2020 | Finra |
|
||||
| Vanguard Total Stock Market Index Fund | 1,468,071 | Index Fund | 12/31/2020 | Finra |
|
||||
| iShares Russell 2000 ETF | 1,361,091 | ETF | 1/28/2021 | Finra |
|
||||
| DFA US Small Cap Value Portfolio | 1,121,503 | Fund | 11/30/2020 | Finra |
|
||||
| Vanguard Extended Market Index Fund | 817,863 | Index Fund | 12/31/2020 | Finra |
|
||||
| Vanguard Strategic Equity Fund | 703,551 | Fund | 09/30/2020 | Finra |
|
||||
| Vanguard Small Cap Index | 634,259 | Index Fund | 12/31/2020 | Finra |
|
||||
| iShares Russell 2000 Value ETF | 595,041 | ETF | 1/28/2021 | Finra |
|
||||
| DFA US Targeted Value Portfolio | 559,288 | Fund | 12/31/2020 | Finra |
|
||||
| Vanguard Tax Managed Small Cap Fund | 519,077 | Fund | 12/31/2020 | Finra |
|
||||
| iShares S&P Small-Cap 600 Value ETF | 456,921 | ETF | 1/29/2021 | Finra |
|
||||
| DFA US Small Cap Portfolio | 452,337 | Fund | 12/31/2020 | Finra |
|
||||
| Schwab Fundamental US Large Company ETF | 432,351 | ETF | 1/29/2021 | Finra |
|
||||
| Schwab Fundamental US Large Com Idx Fd | 417,240 | Index Fund | 12/31/2020 | Finra |
|
||||
| Invesco FTSE RAFI US 1000 ETF | 384,841 | ETF | 1/31/2021 | Finra |
|
||||
| Fidelity® Small Cap Index Fund | 373,056 | Index Fund | 10/31/2020 | Finra |
|
||||
| Vanguard Small Cap Value Index Fund | 360,565 | Index Fund | 12/31/2020 | Finra |
|
||||
| EQ/Morgan Stanley Small Cap Growth Port | 350,679 | Fund | 11/30/2020 | Finra |
|
||||
| FERNANDEZ RAUL J | 29,289 | Director | 1/19/2021 | [Finviz](https://finviz.com/quote.ashx?t=GME) |
|
||||
| VRABECK KATHY P | 79,537 | Director | 1/15/2021 | Finviz |
|
||||
| Dunn Lizabeth | 57,258 | Director | 1/15/2021 | Finviz |
|
||||
| Wolf Kurt James | 91,000 | Director | 1/14/2021 | Finviz |
|
||||
| Sherman George E Jr | 1,127,762 | CEO | 4/17/2020 | Finviz |
|
||||
| Bell James A | 242,596 | EVP & Chief Financial Officer | 4/17/2020 | Finviz |
|
||||
| Koonin Steven R | 25,271 | Director | 4/15/2020 | Finviz |
|
||||
| Total | ~34 million | | | |
|
||||
|
||||
As you can see, the evidence very much supports this theory.
|
||||
|
||||
The rough numbers for our calculated Float, so far, based on numbers above:
|
||||
|
||||
Float = Shares Outstanding - "Restricted" Shares
|
||||
|
||||
Float = 70 million - 34 million
|
||||
|
||||
Float = 36 million so far, much lower than the 50 million float reported around town.
|
||||
|
||||
Only 9 million shares away from MorningStar's number of 27 million. I'm think I'm missing a lot of ETFS with smaller buys. NASDAQ have a comprehensive list, but that will take a bit of time as it is a lot of small transactions.
|
||||
|
||||
TLDR: The ETFs have the biggest diamond hands of any of us and went on a buying spree.
|
||||
|
||||
Let me know what you think.
|
||||
|
||||
Edit: Check the owner activity from Finra
|
||||
|
||||
[](https://preview.redd.it/anbpcwwievg61.png?width=638&format=png&auto=webp&s=5c5bc1cfc543ef5eb7cfcea77fd623e7cfc6493a)
|
||||
|
||||
Source: http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0 (2/11/2021)
|
||||
|
||||
Update 2:
|
||||
|
||||
Look which Funds and Institutions have been Buying!
|
||||
|
||||
[](https://preview.redd.it/9dy3aif1gvg61.png?width=678&format=png&auto=webp&s=226115f2d52e6b3a52bd626810b4d431d7ce1b87)
|
||||
|
||||
[](https://preview.redd.it/9lvs77bxgvg61.png?width=633&format=png&auto=webp&s=ab2f16e293afd18e974655293e6ddc55207b9a15)
|
||||
|
||||
[](https://preview.redd.it/3mpb1po2gvg61.png?width=603&format=png&auto=webp&s=82479db15f7cbbe56f64a46e87a1c69b3e25ea52)
|
||||
|
||||
[](https://preview.redd.it/0tbdq0xygvg61.png?width=594&format=png&auto=webp&s=f63084139f9e9f43b82c323821ee63c100e04b41)
|
||||
|
||||
They also list the ones selling!
|
||||
|
||||
[](https://preview.redd.it/tpb2tiqkivg61.png?width=643&format=png&auto=webp&s=f7efb32cb493ee491de413db88ff24ae8b331fcb)
|
||||
|
||||
[](https://preview.redd.it/5f5upr8dlvg61.png?width=620&format=png&auto=webp&s=a1de0b9ccb23735c232613cf7cd058761a3a56fd)
|
||||
|
||||
[](https://preview.redd.it/uyrjp6anivg61.png?width=609&format=png&auto=webp&s=e01214466fc0f72223b79c63d7f4b363ded460d9)
|
||||
|
||||
[](https://preview.redd.it/8ju0y0foivg61.png?width=622&format=png&auto=webp&s=b8368b6cc7d07a2076513991077414e52c2cfd71)
|
||||
|
||||
Update 3: found something called "Concentrated holdings". Recent dates.
|
||||
|
||||
[](https://preview.redd.it/t8sujprpovg61.png?width=630&format=png&auto=webp&s=3bde5c603584b3e2515fe0055de8fa1474d1fabc)
|
||||
|
||||
[](https://preview.redd.it/6875mlsqovg61.png?width=620&format=png&auto=webp&s=6911abb592c70927c6d6c5b6b253e4d009655924)
|
||||
|
||||
[](https://preview.redd.it/6627b67sovg61.png?width=615&format=png&auto=webp&s=542d3f15e81d2ba4cd7f5ac8bd07bfd4ec192e6c)
|
||||
|
||||
[](https://preview.redd.it/m0gp1hqtovg61.png?width=618&format=png&auto=webp&s=42cd7da38ab885fea5ef44a5484ae775453addfe)
|
||||
|
||||
Source: <http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0>
|
||||
|
||||
I am not a financial adviser, this is not financial advice.
|
||||
|
||||
Disclosure: I own GameStop shares.
|
139
DD/2021-02-11-GameStop-Short-Interest-and-Floats.md
Normal file
139
DD/2021-02-11-GameStop-Short-Interest-and-Floats.md
Normal file
@ -0,0 +1,139 @@
|
||||
GameStop: Short Interest and Floats
|
||||
===================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/diamondhandsbaby0](https://www.reddit.com/user/diamondhandsbaby0/) | [Reddit](https://www.reddit.com/r/Wallstreetbetsnew/comments/lhdylm/gamestop_short_interest_and_floats/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion](https://www.reddit.com/r/Wallstreetbetsnew/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
||||
I am not a financial adviser, this is not financial advice.
|
||||
|
||||
Discussion
|
||||
|
||||
Why is MorningStar stating the float to be only ~27 million shares?
|
||||
|
||||
Edit: I have theory that ETFs have the Biggest Diamond Hands and went on a Buying Spree. See my new post about that: <https://www.reddit.com/r/Wallstreetbetsnew/comments/lhiwhh/the_etfs_have_the_biggest_diamond_hands_and_went/>
|
||||
|
||||
Link to MorningStar data: <https://www.morningstar.com/stocks/xnys/gme/quote>
|
||||
|
||||
It is widely reported that the Shares Outstanding for GME is about ~70 million shares.
|
||||
|
||||
Therefore, is it the case that only ~39% of the company shares are available for the public to buy and sell? Calculation: ( 27 / 70 ) * 100
|
||||
|
||||
If it is indeed the case, this puts an incredible amount of power into the hands of retails investors, in my opinion. This is because as ~61% shares are restricted or "locked up", the short sellers would not be able to buy them back as they are not available to be traded publicly.
|
||||
|
||||
The short sellers would need to buy back ~21 million shares and there are only ~27 million shares available on the market. If retail investors hold and don't sell, the short sellers have got big problems. Really big problems. The limited supply will drive up the price, and the very act of buying back the shares on the limited market will continue to push the share price up higher and higher.
|
||||
|
||||
Notes
|
||||
|
||||
Please keep in the mind the numbers are a bit stale, we're not dealing with perfect information. It is also possible that some numbers have not been reported correctly.
|
||||
|
||||
--- The boring but important stuff ---
|
||||
|
||||
*Definitions*
|
||||
|
||||
Shares Outstanding - The total number of shares in the company. This changes over time, as companies can issue new shares to raise capital, among other things. Yes, this dilutes the values of your shares. The company can also buy back shares, which increases the value of your shares.
|
||||
|
||||
Float - The number of shares that are available for the public to trade on the stock exchange. There are certain shares that are restricted for public trade, which is why the Float is smaller than the Shares Outstanding.
|
||||
|
||||
Example of restricted shares: a company employee has shares that are "locked up" for 3 years. The employee owns them, but cannot sell them for 3 years, therefore they cannot be publicly traded.
|
||||
|
||||
The exact classification of which shares count towards the float, and which don't, depends on who you ask. This is a cause for large discrepancies in short interest numbers.
|
||||
|
||||
Short Interest - The number of shares that have been 'short sold' i.e. shares that have borrowed and sold with a promise to return the borrowed shares at a later date
|
||||
|
||||
Short Interest % - could be one of two definitions, make sure to clarify
|
||||
|
||||
1. Short Interest % of Shares Outstanding = ( Number of Short Sold Shares / Shares Outstanding ) * 100
|
||||
|
||||
2. Short Interest % of Float = ( Number of Short Sold Shares / Float ) * 100
|
||||
|
||||
*Why different numbers are flying around*
|
||||
|
||||
Let's put this knowledge into action and use it to explain the difference between MorningStar's short interest numbers and WSJ's short interest numbers:
|
||||
|
||||
MorningStar's Short Interest
|
||||
|
||||
Short Interest % of Float = ( Shares Short / Float ) * 100
|
||||
|
||||
Short Interest % of Float = ( 21.41 Mil / 27.29 Mil ) * 100
|
||||
|
||||
Short Interest % of Float = 78.45%
|
||||
|
||||
Note the Float is only 27.29 Mil - this is important, we'll come back to that later
|
||||
|
||||
[](https://preview.redd.it/z7dyzgit2sg61.png?width=479&format=png&auto=webp&s=76cebbecbe12ec4c25ff9ea2aedd5d3ac20d9e7a)
|
||||
|
||||
MorningStar's SI numbers: https://www.morningstar.com/stocks/xnys/gme/quote
|
||||
|
||||
Wall Street Journal's Short Interest
|
||||
|
||||
Short Interest % of Float = ( Shares Short / Float ) * 100
|
||||
|
||||
Short Interest % of Float = ( 21.41 Mil / 51.03 Mil ) * 100
|
||||
|
||||
Short Interest % of Float = 41.96%
|
||||
|
||||
[](https://preview.redd.it/1o9ddkz44sg61.png?width=221&format=png&auto=webp&s=cfe840f7d74c91f8765d7efb94caf4550cf2f34a)
|
||||
|
||||
WSJ SI Numbers: https://www.wsj.com/market-data/quotes/GME
|
||||
|
||||
[](https://preview.redd.it/inlvx72t4sg61.png?width=104&format=png&auto=webp&s=d73e4c70b17ddc7ef8191f8ff2f617462f9d58f3)
|
||||
|
||||
Explanation
|
||||
|
||||
In both reports, the number of shares sold short is 21.41 million. However, MorningStar states the float is 27.29 million, while the Wall Street Journal states the float is 51.03 million.
|
||||
|
||||
I am not a financial adviser, this is not financial advice.
|
||||
|
||||
Disclosure: I own shares in GameStop. I am long on GME.
|
||||
|
||||
Update:
|
||||
|
||||
Table of Suspected "Restricted" Shares [in progress - please comment more]
|
||||
|
||||
| Owner | Shares | Type | Filing Date | Source |
|
||||
| --- | --- | --- | --- | --- |
|
||||
| RC Ventures | 9,001,000 | Ryan Cohen | 1/10/21 | Gamestop IR |
|
||||
| Fidelity Intrinsic Opportunities Fd | 6,801,757 | Fund | 10/31/2020 | [Finra](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0) |
|
||||
| iShares Core S&P Small-Cap ETF | 3,621,031 | ETF | 1/28/2021 | Finra |
|
||||
| Fidelity Low-Priced Stock Fund | 2,000,679 | Fund | 10/31/2020 | Finra |
|
||||
| Vanguard Total Stock Market Index Fund | 1,468,071 | Index Fund | 12/31/2020 | Finra |
|
||||
| iShares Russell 2000 ETF | 1,361,091 | ETF | 1/28/2021 | Finra |
|
||||
| DFA US Small Cap Value Portfolio | 1,121,503 | Fund | 11/30/2020 | Finra |
|
||||
| Vanguard Extended Market Index Fund | 817,863 | Index Fund | 12/31/2020 | Finra |
|
||||
| Vanguard Strategic Equity Fund | 703,551 | Fund | 09/30/2020 | Finra |
|
||||
| Vanguard Small Cap Index | 634,259 | Index Fund | 12/31/2020 | Finra |
|
||||
| iShares Russell 2000 Value ETF | 595,041 | ETF | 1/28/2021 | Finra |
|
||||
| DFA US Targeted Value Portfolio | 559,288 | Fund | 12/31/2020 | Finra |
|
||||
| Vanguard Tax Managed Small Cap Fund | 519,077 | Fund | 12/31/2020 | Finra |
|
||||
| iShares S&P Small-Cap 600 Value ETF | 456,921 | ETF | 1/29/2021 | Finra |
|
||||
| DFA US Small Cap Portfolio | 452,337 | Fund | 12/31/2020 | Finra |
|
||||
| Schwab Fundamental US Large Company ETF | 432,351 | ETF | 1/29/2021 | Finra |
|
||||
| Schwab Fundamental US Large Com Idx Fd | 417,240 | Index Fund | 12/31/2020 | Finra |
|
||||
| Invesco FTSE RAFI US 1000 ETF | 384,841 | ETF | 1/31/2021 | Finra |
|
||||
| Fidelity® Small Cap Index Fund | 373,056 | Index Fund | 10/31/2020 | Finra |
|
||||
| Vanguard Small Cap Value Index Fund | 360,565 | Index Fund | 12/31/2020 | Finra |
|
||||
| EQ/Morgan Stanley Small Cap Growth Port | 350,679 | Fund | 11/30/2020 | Finra |
|
||||
| FERNANDEZ RAUL J | 29,289 | Director | 1/19/2021 | [Finviz](https://finviz.com/quote.ashx?t=GME) |
|
||||
| VRABECK KATHY P | 79,537 | Director | 1/15/2021 | Finviz |
|
||||
| Dunn Lizabeth | 57,258 | Director | 1/15/2021 | Finviz |
|
||||
| Wolf Kurt James | 91,000 | Director | 1/14/2021 | Finviz |
|
||||
| Sherman George E Jr | 1,127,762 | CEO | 4/17/2020 | Finviz |
|
||||
| Bell James A | 242,596 | EVP & Chief Financial Officer | 4/17/2020 | Finviz |
|
||||
| Koonin Steven R | 25,271 | Director | 4/15/2020 | Finviz |
|
||||
| Total | ~34 million | | | |
|
||||
|
||||
Rough numbers for our calculated Float, so far, based on numbers above:
|
||||
|
||||
Float = Shares Outstanding - "Restricted" Shares
|
||||
|
||||
Float = 70 million - 34 million
|
||||
|
||||
Float = 36 million so far, much lower than the 50 million float reported around town. Only 9 million shares away from MorningStar's number of 27 million
|
||||
|
||||
Theory: The ETFs have the biggest Diamond Hands and went on a Buying Spree. See my new post about that: <https://www.reddit.com/r/Wallstreetbetsnew/comments/lhiwhh/the_etfs_have_the_biggest_diamond_hands_and_went/>
|
@ -0,0 +1,102 @@
|
||||
DD: I did the math, there is literally NO DOUBT that we own >100% of the remaining float (could be up to 1000% or even more), SHARE THIS ! 🚀
|
||||
=============================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) | [Reddit](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/?utm_source=share&utm_medium=web2x&context=3) |
|
||||
|
||||
---
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Okay fellow apes, listen up, here is some fresh DD straight out of the oven to feed your confirmation bias. 🚀
|
||||
|
||||
[](https://preview.redd.it/jlivhj2mttn61.png?width=454&format=png&auto=webp&s=1aa1145e82687682b56b14ab315fbb0734d47e30)
|
||||
|
||||
actual footage of me feeding my confirmation bias
|
||||
|
||||
I stumbled across [this sweet little screenshot from eToro](https://www.reddit.com/r/GME/comments/m7r42a/everyone_on_etoro_is_long_on_gme/) posted by [u/kapein](https://www.reddit.com/u/kapein/) which shows that 9.11% of all eToro users are holding GME. (Update as of 30/03/2021: still standing at 9.02%)
|
||||
|
||||
[](https://preview.redd.it/oqd5jj2prtn61.png?width=386&format=png&auto=webp&s=0bd0a24b23e1da28f023594848891bd3a781bb46)
|
||||
|
||||
credits to u/kapein
|
||||
|
||||
So i thought to myself, why don't we take this percentage and try to get an estimation about how many apes in total are holding GME right now and see where some variables regarding shares per ape get us. Are you exicted? Because I AM, LETS GO! 🚀🚀🚀
|
||||
|
||||
I spent the last hour(s) or so researching the largest broker firms and gathered their total user numbers. This list is by far not complete which means that the % held by retail investors could be way way (!) higher than my estimates. Please let me know if you have access to more brokers data and i will update my list.
|
||||
|
||||
Some friendly ape posted a statement from neo-broker Wealthsimple, thats states a GME-ownership of [up to 14%](https://www.wealthsimple.com/en-ca/magazine/gme-data) (!) of their total users. Therefore I made assumptions regarding the share of users that invested in GME for each broker. For neo-brokers like eToro, Robinhood, Revolut and WeBull I went with an average of 10% GME ownership of all users. (*EDIT 3: Also included a scenario for only 5% GME-ownership, as some raised concerns that my 10% assumption may be too optimistic.)*
|
||||
|
||||
Of course we have to consider that the average eToro user might have a higher risk tolerance and is more likely to invest in GME compared to average Joe. So for "classic" brokers that are more known for "passive investing" like Vanguard or Schwab I went with a lower share of users that are invested in GameStop. Some brokers from the Nordics report an ownership of [around 1.5% - 2.0%](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/grebfmc?utm_source=share&utm_medium=web2x&context=3) of their users.
|
||||
|
||||
From the godlike [Due Diligence](https://iamnotafinancialadvisor.com/Current-DD/) that is around since yesterday I took the total remaining float that is accessible to retail investors, which is only 19.3m shares. *(The rest is in hands of "single" shareholders like Ryan Cohan, BlackRock, etc..)*
|
||||
|
||||
Okay, now that we have a vague feeling of how many GME retail investors we are, lets play with some scenarios.
|
||||
|
||||
Scenario 1: GME-ownership of 10% for neo-brokers and 1.5% for classic investment platforms:
|
||||
|
||||
[](https://preview.redd.it/eb99z717i8o61.png?width=1170&format=png&auto=webp&s=75a7195987db9ed41b8407eaa0c1e3cacc56a627)
|
||||
|
||||
% of remaining float that is held by retail (Scenario 1)
|
||||
|
||||
Scenario 2: GME-ownership of 5% for neo-brokers and 1.5% for classic investment platforms:
|
||||
|
||||
[](https://preview.redd.it/i8fahnkgi8o61.png?width=1170&format=png&auto=webp&s=0849de187deb52bafb8604c8566def34cb819714)
|
||||
|
||||
% of remaining float that is held by retail (Scenario 2)
|
||||
|
||||
As you can see above, if the average ape is holding only 5 shares, we would own more than 150% of the total remaining float. Even in Scenario 2, which is more conservative, it is more than 125% (!). To be honest i believe that the average ape holds not only 5 shares. There is a good chance that this numbers is more like 25+ shares per ape. Some fellow ape made a comment where he calculated an average of [40 shares](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/grebfmc?utm_source=share&utm_medium=web2x&context=3) per invested user for his broker. I know, i know, there are a lot of apes that only hold 1 or 2 bananas or even fractional shares, but dont forget that there are real retail whales like [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) or [u/HeyItsPixel](https://www.reddit.com/u/HeyItsPixel/) who own thousands, ten-thousands or even hundred-thousands shares! If we estimate 25 shares for the average ape, we would own around 800% (!!!) of the entire remaining float. Thats just fucking insane! There seems to be a ton of synthetic and counterfeit shares around.
|
||||
|
||||
Even if there are plenty catalysts, that are still open and likely possible, a share callback from GameStop should send us to Andromeda and beyond.
|
||||
|
||||
I am literally shaking writing this down. We are about to make history!
|
||||
|
||||
MELVIN AND SHITADEL WILL FUCKING EXPLODE! THERE IS NO WAY OUT! 🚀🚀🚀
|
||||
|
||||
[](https://preview.redd.it/wzqwxg1s4vn61.png?width=453&format=png&auto=webp&s=17f4324686bb3fde2911574f86051e24e7e376c2)
|
||||
|
||||
retail whale has entered the chat
|
||||
|
||||
IMPORTANT: If you have access to more detailed data regarding number of users or even GME-ownership for a specific broker, please let me know via dm. There are too many comments here and it's hard to keep track of all of them. And please add your source (link or screenshot) so I can publish this here as well.
|
||||
|
||||
EDIT 1: Made some amendments regarding assumptions for GME ownership, divided into neo-brokers and classic brokers. Added multiple brokers from CA, EU and UK. Please let me know if you are missing a broker and have the respective data about GME-ownership and/or total users for that broker.
|
||||
|
||||
EDIT 2: Many brother (and sister) apes from Australia and New Zealand reached out to me. Special thanks to [u/wawa-weewa](https://www.reddit.com/u/wawa-weewa/) who provided me with data for the brokers Sharesies & Hatch. According to these both brokers GME ownership is 3.60% and 2.00%. (Source ~~not~~ confirmed, ~~will add once~~ [available here](https://www.interest.co.nz/personal-finance/108826/thousands-nzers-partake-gamestop-movement-sharesies-users-alone-make-20)).
|
||||
|
||||
EDIT 3: [u/eoinythegod](https://www.reddit.com/u/eoinythegod/) pointed out that my assumptions of Revoluts 12m investors might be misleading as Revolut also provides standard bank accounts. Unfortunatly there is no reporting about trading-only accounts for Revolut, so i guesstimated that around 10% of all Revolut users might use the trading option. If you should have more detailed data, please let me know. Also included a second scenario where only 5% of neo-brokers hold GME (which is very low imo, but some users raised concerns that my 10% assumption might be too optimistic).
|
||||
|
||||
THIS OVERVIEW WILL BE UPDATED ON A REGULAR BASIS!!
|
||||
|
||||
*(no financial advise in any way)*
|
||||
|
||||
TL;DR:
|
||||
|
||||
There is no way that retail holds less than 100% of the remaining float, the actuals number might be much (!!!) higher, maybe even in the 1000%+. Buckle up, because this rocket is about to enter fucking lightspeed! 🚀🚀🚀
|
||||
|
||||
Sources:
|
||||
|
||||
<https://www.fidelity.com/about-fidelity/our-company>
|
||||
|
||||
<https://about.vanguard.com/who-we-are/fast-facts/>
|
||||
|
||||
<https://www.brokerage-review.com/online-brokers/largest-online-brokers-by-size.aspx>
|
||||
|
||||
<https://fortune.com/2021/02/02/robinhood-stock-trader-revolt-webull-alternative-china-app/>
|
||||
|
||||
<https://www.businessofapps.com/data/revolut-statistics/>
|
||||
|
||||
<https://www.businesswire.com/news/home/20180911005141/en/Merrill-Edge-Hits-200-Billion-in-Assets-Under-Management>
|
||||
|
||||
<https://www.comdirect.de/cms/ueberuns/de/presse/monatszahlen-april-2020.html>
|
||||
|
||||
<https://www.interactivebrokers.eu/de/?f=564>
|
||||
|
||||
<https://flatexdegiro.com/en/company/who-we-are>
|
||||
|
||||
<https://finanz-szene.de/digital-banking/trade-republic-duerfte-schon-um-die-500-000-kunden-haben/>
|
||||
|
||||
<https://en.wikipedia.org/wiki/Freetrade>
|
||||
|
||||
<https://www.wealthsimple.com/en-ca/magazine/gme-data>
|
||||
|
||||
<https://www.interest.co.nz/personal-finance/108826/thousands-nzers-partake-gamestop-movement-sharesies-users-alone-make-20>
|
@ -0,0 +1,136 @@
|
||||
Mythbuster DD: Can you set the price for your shares?
|
||||
=====================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/BinBender](https://www.reddit.com/user/BinBender/) | [Reddit](https://www.reddit.com/r/GME/comments/mhjfee/mythbuster_dd_can_you_set_the_price_for_your/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
In this episode of *'The Mythbusters'* we will dive into one of the most repeated myths in this sub: "You get to set the price!"
|
||||
|
||||
The myth goes:
|
||||
|
||||
"Since the short interest is above 100%, there are more shares that need to be bought back than there are shares in existence, which means you can sell YOUR share(s) at any price you want."
|
||||
|
||||
If this myth is true, you can hold a single share and be a millionaire! Or why not a billionaire? Or trillionaire?
|
||||
|
||||
But is it really that simple? Stay tuned to find out!
|
||||
|
||||
(Or skip to the TLDR at the end...)
|
||||
|
||||
Does a short interest above 100% mean there are more shares that need to be bought back than there are shares available?
|
||||
|
||||
Listen fellow apes, I know we would love this myth to be true. But my momma-ape told me that if something sounds too good to be true, it usually is. So we need to do some digging.
|
||||
|
||||
But to look into this, we need to really understand how shorting works.
|
||||
|
||||
The first thing we need to understand is that when a share is sold short, someone is actually buying the share, but nobody is actually selling it! (At best, somebody lent the short seller their share, and knew it would be sold short, but they still own it through a contract with the short seller.) This means that if someone sells 10M shares short, there will be 10M more shares on the market, that are now owned by somebody. This is true regardless of whether the shares were borrowed first (conventional and legal shorting), or sold through naked shorting (which is illegal, but possible through loopholes).
|
||||
|
||||
This is complicated stuff, so I'll try to simplify it as much as possible with an example.
|
||||
|
||||
> Anna lives in Norway, but owns a house worth 10 million dollars in the Cayman Islands where she spends her vacation every June. Dick is a greedy bastard, and in September he heard a rumor that a hurricane might hit the Caymans very soon, which would definitely destroy Annas property. Dick knows this guy, Ben, who would really love to own a house in the Caymans to go there on vacation in June, and he would gladly 10M for it. Dick thinks that if he sold the house to Ben now, he could buy the house back from him after the hurricane , and earn a lot of money, as it will be worth very little after the hurricane hits (if it even exists anymore). Problem is, Dick doesn't own any house in the Caymans he can sell. But greedy as he is, he still sees a way to pull this scam off: Dick pays Anna to borrow the deed for the house, and signs a contract that she can get it back anytime she wants, then Dick sells the deed to Ben. The result is that both Anna and Ben go bragging to their friends about how they own a house in the Caymans. And they are both right! They both really DO own that house. Ben has the deed, and Anna has a contract saying she can get the deed back anytime she wants.
|
||||
>
|
||||
> Dick feels invincible, and since he is a complete Dick with a capital D, when Charles comes and asks if Dick has a house for him in the Caymans as well, so he can go there in June, Dick says "Sure!", and does the same once more, by paying Ben a rent to borrow the deed, signing a contract he'll get it back when he wants, and selling the deed to Charles. (Or maybe he even skipped borrowing the deed, and just signed a contract with Charles saying he would get the deed soon? Doesn't really matter.) And boom, there are three people who all (rightfully) consider themselves owners of that one house in the Caymans.
|
||||
>
|
||||
> Dick is very pleased with himself, leans back, and waits for that hurricane to hit.
|
||||
>
|
||||
> But more and more time passes by, June approaches, and there is no hurricane ! In fact, weather reports are great, and a successful advertising campaign has created a high demand for houses in the Caymans, and the house Dick sold twice for 10M is now worth 15M! This means Dick now has to pay 30M to buy the house back twice.
|
||||
>
|
||||
> Now his bank comes knocking on his door. He had 15M from before, made 20M from selling the house twice, and has paid 2M in rent for the deed to Anna and Ben. He now only has 33M left in his bank account, with an obligation to get the deed back to both Anna and Ben. If this goes on, he simply won't be able to buy that house back twice. But June is approaching, and Anna, Ben and Charles are all preparing to go on vacation. Dick is screwed...
|
||||
|
||||
In this example, the single deed for the house is the "shares outstanding". The short interest is a staggering 200% of the shares outstanding (the deed has been sold twice).
|
||||
|
||||
But are there more shares that need to be bought back than there are shares available?
|
||||
|
||||
In this scenario it doesn't really matter if it is Anna, Ben or Charles who has the real deed. They can all choose to sell it to Dick. This means Dick has to buy two deeds, and there are *three* deeds on the market.
|
||||
|
||||
So even with a 200% short interest of the shares outstanding, there are still more shares on the market than need to be covered.
|
||||
|
||||
> With his tail between his legs, Dick asks Anna, Ben and Charles at which price they would be willing to sell the house.
|
||||
>
|
||||
> Anna loves that house, and says she will only sell it for 30M. Ben sees that Dick is screwed, but is more than happy with a 100% profit, and only asks for 20M. Charles heard on Reddit that he gets to set the price, so he promptly says 1 billion!
|
||||
>
|
||||
> Dick buys the house from Anna and Ben. He empties his bank account of 33M, and his bank has to chip in another 17M to pay Anna and Ben a total of 50M, and then all obligations are resolved. Charles ends up with the house, and Anna and Ben end up with 30M and 20M, respectively.
|
||||
>
|
||||
> Charles now has the option to either keep the house, or sell it at fair market value (15M) and earn 5M from his original investment. He could keep it because he likes the house, or because he speculates that the market price will rise more, even without a short squeeze. But Charles did not get to sell the house at any price he wanted, like he thought he would.
|
||||
>
|
||||
> The problem for Charles was that there was enough shares available for Dick to cover his position without Charles' share, even with a short interest at 200% of shares outstanding.
|
||||
|
||||
The fact is that short selling increases the number of shares on the market! In general, the total number of shares owned by anyone equals the shares outstanding (shares originally issued) PLUS the shares sold short. (This is one of the main arguments to allow short selling, to increase the liquidity of the stock market by increasing the number of shares available on the market, a ridiculous argument if you ask me.)
|
||||
|
||||
For GME, the shares outstanding is 70M. Say that 100M shares have been sold short. If the float is 50M, the short interest is then at 200% of the float (or 143% of the shares outstanding). With 100M shares sold short, there is now a total of 170M shares owned by insiders, institutions, funds, ETFs and retail. Let's say that the 20M shares *not* included in the float are held by insiders, and will never be sold, no matter the price. Unless the shares sold short were sold to someone who will never sell them, the "shares available on the open market" is now increased by 100M! The available shares is then 150M, 50M from the original float, and another 100M sold short. And if all shares are recalled, only 100M of those 150M shares must be bought back.
|
||||
|
||||
The myth that there are more shares that need to be bought back than there are shares in existence is actually:
|
||||
|
||||
BUSTED!
|
||||
|
||||
Unless!
|
||||
|
||||
I'm not trying to spread FUD, only to educate us. But the fact is that if you, like Charles, is the only one setting a ridiculous price target, that target will never be reached. Charles actually held the entire float, but it was still not enough. But in this example, *he was on his own.*
|
||||
|
||||
That is what makes GME unique! We are in this together! (Apes together strong!) I have read several people suggest retail may in fact own more than the entire float. If that is the case, and if all of us diamond hand, and simply refuse to sell, the "shares available in the open market" is then actually less than the shares sold short. And in that case, we CAN set our price!
|
||||
|
||||
If most apes sell at 1k, we won't climb above that. If all apes hold to 10M, we will get there!
|
||||
|
||||
A word of caution:
|
||||
|
||||
This only lasts as long as we continue to hold more than the entire float. If people start to sell off their entire positions, we may quickly reach a situation where this is no longer the case, and the peak will be reached. So when you *do* decide to start selling, do so SLOWLY! If we reach your price target, sell ONE share at a time! Give other apes time to sell as well, and wait to see if we can climb even higher! Multiple DD's have explained that the price won't ever plummet in an instance, so take your time! The squeeze may last for days, even weeks! But be prepared for some turbulence! The price won't plummet at the first sign of a dip, it may just be a whale exiting, before the climb continues!
|
||||
|
||||
NEVER PANIC SELL!
|
||||
|
||||
What if we don't own the entire float, or paper hands hold much of the float?
|
||||
|
||||
We have no reliable source telling us how many shares are held by retail, so we cannot know whether we own the entire float or not. Even if we did, we would not get any real-time updates during the ride to Andromeda, to tell us how many who had already paperhanded. All we know is that the price WILL skyrocket!
|
||||
|
||||
The peak will ultimately be determined by good ol' supply and demand. But we know there will be a HUGE demand and low supply!
|
||||
|
||||
- If the short interest is 100% of the float, 1 out of every 2 shares, MUST be bougth back.
|
||||
|
||||
- If the short interest is 200%, 2 of 3 shares MUST be bougth back.
|
||||
|
||||
- If the short interest is 900%, 9 of 10 shares MUST be bought back.
|
||||
|
||||
The price WILL skyrocket, but the peak will be decided by the collective market (not by you and me alone).
|
||||
|
||||
> In the exmple with Anna, Ben and Charles, the peak was reached at 30M, the asking price of Anna (the long whale in the example). Ben could have gotten a lot more than Anna, if he hadn't paperhanded at 20M. But Ben was only able to get 20M because Charles asked for more.
|
||||
|
||||
There are many more actors in our GME situation than in that simple example, but the principle is the same. For a price to be reached, enough actors must ask for even more, and paper hands will reduce the peak.
|
||||
|
||||
We must at some point accept that the peak is reached, even if we have not reached our personal price target. But how far the rocket goes depends on the number of shares available on the open market, which you and I contribute to! The available shares are reduced by every share held by diamond hands! However, the peak also depends on (but is NOT solely determined by) the actions of long whales, like how much it will take for BlackRock to sell off their *millions* of shares.
|
||||
|
||||
We can learn a lot from the infamous [Volkswagen squeeze](https://www.reddit.com/r/GME/comments/mgya1f/minidd_the_volkswagen_squeeze_tldr_and_key_lessons/). The short interest was at 12% of shares outstanding, but Porshe held 74% of the shares, and the state of Lower Saxony held another 20%, leaving the float at less than 6%, and the short interest was thus over 200% of the float. This was enough to rocket the price from €200 to €1000, before Porsche decided to release 5% of the shares to the market, to bail out the short sellers, and effectively end the squeeze. The price still stayed at around €500 for several days, before SLOWLY declining, and it took a MONTH before the price got down to €300. (There are several aspects of this situation that does not apply to GME, the most obvious that no single owner holds anywhere near that much of GME stock, and the short interest compared to shares outstanding is a lot higher for GME, so there is no chance for a bail-out like that. But there is still a lot to learn from that situation, imho.)
|
||||
|
||||
TLDR
|
||||
|
||||
The myth is (mostly) busted, because, for every share sold short, the float is also increased by 1. BUT for every share held by diamond hands, the float is *reduced* by 1.
|
||||
|
||||
We can only truly "set the price" if we collectively hold the entire float.
|
||||
|
||||
If we don't hold the entire float:
|
||||
|
||||
- The price will still skyrocket, but the peak will be determined by supply and demand.
|
||||
|
||||
- By holding shares, we reduce the supply, and will contribute to a higher peak.
|
||||
|
||||
- Paperhands will reduce the rocket fuel, and ultimately the peak price.
|
||||
|
||||
- The peak also depends on the long whales, and if their hands are made of paper or diamonds.
|
||||
|
||||
No matter what, once GME skyrockets, and you do decide to sell, do so SLOWLY, not all at once! The squeeze will last for DAYS, maybe even weeks!
|
||||
|
||||
Conclusion
|
||||
|
||||
BUY AND HODL! 💎🙌
|
||||
|
||||
It really is that simple.
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit:
|
||||
|
||||
I'm getting some comments about leavig out naked shorting, though I did mention it in my post. The point is that it really doesn't matter if the shares were sold naked, or borrowed first. The result is the same, all shares sold short must be covered, sooner or later.
|
||||
|
||||
Keeping up the trickery to avoid Failure To Deliver's from naked shorting is getting trickier and more expensive as time goes by, so I believe this will accelerate the launch, but I don't think it will affect the peak price. Only the sellers determine the price.
|
@ -0,0 +1,48 @@
|
||||
Institutional ownership and Short Interest. Proof that Hedgies are in deep shit.
|
||||
================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/tacosformysadness](https://www.reddit.com/user/tacosformysadness/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mofkra/institutional_ownership_and_short_interest_proof/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
Ok, I'm just gonna get right into the meat and potatoes. I am not an expert. I'm not a financial advisor. I'm quite a smooth brain and I'm putting my thoughts out there to learn more than anything. Please correct me on any mistakes I am making. But given my knowledge, this is what I see. **Also note I wrote this to share my thoughts with family members and friends who arent involved in this (yet!) so forgive some of the oversimplifications of some parts and over-explaining of others*
|
||||
|
||||
Between the top to index funds containing GameStop and the top ten institutions holding shares, the % of total shares held is already at 214.93% (PLEASE see edit 1 for a correction of this claim), or OVER A HUNDERED AND FIFTY MILLION SHARES. With the total number of shares held by the company and not put out for sale equaling about 20 million of the 70 million total of the company, only 50 million shares should be held by outside investors and able to be actively traded. Ownership by institutions and mutual funds is already triple this (FIRA data taken from <https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0>).
|
||||
|
||||
<https://preview.redd.it/yuwobuhdjfs61.png?width=482&format=png&auto=webp&s=bc499b64117c67fc702831fcf8d34023ea0468d2>
|
||||
|
||||
<https://preview.redd.it/4cks6y2gjfs61.png?width=459&format=png&auto=webp&s=0ad2f67a16c0fd3b087270df1cce7e1b1d0323eb>
|
||||
|
||||
Not only does the price reveal the falsified nature of the reported short interest (the fines for lying about this are pennies in comparison to what they have to lose), but also has some incredible implications for the magnitude of the squeeze.
|
||||
|
||||
Where do these shares come from? Hedge funds writing NAKED SHORT CONTRACTS in which they sell a shorted share despite it not actually existing or being held by the fund. This allows them to drive stock prices down by diluting the market and has long been a scummy tactic for making a quick buck by shorting a stock, driving the price down, and profiting off the dip. They have been using these same tactics to try and shake investors off of GameStop. It has fortunately not worked and now they are in deep shit. This number of shares held by institutions alone (which doesn't even account for the mass of retail investors who have been religiously picking up shares over the past few months) implies at least a 200% short interest. That is a historic level and, given that it only accounts for the top to mutual funds and institutions, is likely much lower than the actual number. THAT'S INSANE and if this thing ever gets off the ground the price could go up tens, even hundreds of thousands of dollars within a matter of days or even hours. This is a powder keg waiting to explode and hedge funds long on the stock (who believe the price will go up and are on the side of the squeeze) are doing everything they can to make it happen. It honestly just seems like a matter of time.
|
||||
|
||||
Price Dips:
|
||||
|
||||
As of the last trading day, April 9th 2021, the price of GME dropped approximately $12 a share. Normally, price drops of this magnitude indicate selling from investors exiting their position on the stock. These drops also have a psychological effect in which people panic sell to exit a falling position.
|
||||
|
||||
So, what was the buy/sell ratio of Gamestop by retail investors? OBVIOUSLY, a day this far in red would both be caused by, and cause, people to sell off their shares? Right??
|
||||
|
||||
Well, if we take a look at Fidelity, an investment platform for retail traders, Gamestop had a 5 to 1 buy/sell ratio. For every sell transaction input to the broker, approximately 5 buy orders were placed. That's incredibly impressive even on a green day, but downright insane on a day this far in the red.
|
||||
|
||||
<https://preview.redd.it/tl4kb0f1kfs61.png?width=624&format=png&auto=webp&s=3d54be3eb7e94ab25957b848ad0f24f930dcb1e7>
|
||||
|
||||
This shows two things:
|
||||
|
||||
1. The price drops are not caused by people selling their shares.
|
||||
|
||||
2. The price drops are not having the desired effect of shaking off investors.
|
||||
|
||||
Hedge funds short on the stock have multiple ways to drop the stock, either by selling further naked shorts or other, more complicated methods. It's highly unlikely that these dips are the result of anything other than this manipulation. Fortunately, they aren't working, and if anything, are just digging the hedge funds into an even deeper hole once they are forced to cover.
|
||||
|
||||
Media Misinformation and Corruption:
|
||||
|
||||
Checking the news evidently gives a very bleak outlook on the Gamestop situation, with articles for months reading "Forget about Gamestop", "Gamestop is over, check these stocks out instead", "Retail investors Burned by GME pump and dump" etc. They have been saying this is over since the first squeeze. They said it was over right before GameStop soared again all the way up to 350/share last month. They do not cover any positive news on Gamestop, and even spin the positive progress towards transforming the company in a negative light (when certain executives resigned and were replaced by hard hitting ecommerce leaders handpicked by Ryan Cohen, most media outlets painted the departure as them jumping from a sinking ship rather than the incredibly positive change for the company it actually is). They have proven, time and time again, that they are not on the side of truth but on the side of the wealthy investors trying to cover their own asses by filtering what sort of content is published by the media outlets they have so much sway over. The research speaks for itself. I believe that a hell of a lot more than the unsupported, uncited, hit pieces that try to divert attention from the mess Melvin Capital and Citadel (and friends) have gotten themselves into. As indicated by the buy/sell ratios on retail investment platforms, so do most investors. People are not falling for this. Most retail investors are simply buying our time and waiting for the inevitable catalyst that sends us into space. By bombarding investors with constant waves of Fear, Doubt, and Uncertainty, they have only hardened our resolve and proved the lack of weight behind their words.
|
||||
|
||||
TLDR: I like the stock. If you like the stock just HODL. Cracks are forming on the short side and this thing is primed for liftoff.
|
||||
|
||||
EDIT1 please read: It has come to my attention that there are repeated institutions and funds on the FINRA data. While I believed in the legitimacy of the data and assumed these were slightly different from each other (that happened to share similar names), it is now clear that the data itself is flawed in that it reports multiple entries for firms like Fidelity and Blackrock. HOWEVER, if we recalculate these values while eliminating duplicates, we still end up with ownership of 59,815,466 shares, which is equivalent to about 85% of the total shares and 132% of the float. While not the home run value I reported previously, this is still incredible news. Keep in mind that this is just the top 10 (or really top 6 after removing duplicates) institutions and we already have ownership of more than 100% of the float. Including smaller institutions and what I suspect to be a further 100%+ ownership by retail, this stock is still primed for the ride of a lifetime.
|
90
DD/2021-04-15-GME-DD-Cheat-Sheet.md
Normal file
90
DD/2021-04-15-GME-DD-Cheat-Sheet.md
Normal file
@ -0,0 +1,90 @@
|
||||
The GME DD Cheat Sheet
|
||||
======================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/ayyyybro](https://www.reddit.com/user/ayyyybro/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mre9ma/the_gme_dd_cheat_sheet/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
[The MOASS is Inevitable](https://www.reddit.com/r/GME/comments/mjo3jj/the_moass_is_inevitable/). It's no longer a question of if, just when.
|
||||
|
||||
Here is a cheat sheet to get you through the FUD when this takes off. The most important thing to remember here is that Apes have the data to back the thesis.
|
||||
|
||||
It will be a bumpy ride, but the DD here will make it easier:
|
||||
|
||||
Look back over things they've done to scare you into selling...
|
||||
|
||||
- [FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/)
|
||||
|
||||
- [Market Manipulation](https://www.reddit.com/r/GME/comments/mqyp5w/now_is_the_time_to_stay_ready_a_running_list_of/)
|
||||
|
||||
And yet Apes [still](https://www.reddit.com/r/GME/comments/mcw74g/even_yesterday_there_was_a_31_buysell_ratio_on/) [have](https://www.reddit.com/r/GME/comments/mebvks/daily_fidelity_update_buysell_ratio_still/) [diamond](https://www.reddit.com/r/GME/comments/mo0qp2/buysell_ratio_is_51_on_fidelity_apes_buying_the/) [hands](https://www.reddit.com/r/Superstonk/comments/mpw0ru/fidelity_orders_updated_412_still_looking_like_a/)
|
||||
|
||||
You wouldn't short a car would you? Well Citadel would, probably.
|
||||
|
||||
Citadel has shorted everything to oblivion and the bill is about to come due. Press X to hold.
|
||||
|
||||
- [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
|
||||
|
||||
- [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
- More [Naked Shorting](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/)
|
||||
|
||||
It's easy to sit there and think the numbers being thrown around aren't realistic, and that's because up until now they haven't been.
|
||||
|
||||
- [KBIO Squeeze was 6% SI with 10,000% growth](https://moxreports.com/kbio-infinity-squeeze/)
|
||||
|
||||
- [Overstock was 13.7% SI with 4000% growth](https://www.reddit.com/r/GME/comments/mqt7w6/gamestop_vs_overstock/)
|
||||
|
||||
- [VW was 12-15% SI with 500% growth](https://imgur.com/a/Z2bF2wy)
|
||||
|
||||
- The part that always gets me, "Why did the short sellers hang on for so long when the tide was moving against them? Perhaps they remained focused on the long-term anticipated drop in price rather than the risk of being squeezed in the meantime." What'd we learn Kenny?
|
||||
|
||||
Yes, these are entirely different scenarios, and each one had additional variables that affected the squeeze. But it really puts things in perspective huh?
|
||||
|
||||
Because:
|
||||
|
||||
GME Short Interest*
|
||||
|
||||
- [Conservative Short Interest Calculation: 38M](https://www.reddit.com/r/GME/comments/lzj00a/super_conservative_calculation_puts_gme_short/) (~147%)
|
||||
|
||||
- [Slightly less conservative: 250-900%](https://www.reddit.com/r/GME/comments/m19oh7/true_short_interest_could_be_anywhere_from_250_to/)
|
||||
|
||||
GME Float
|
||||
|
||||
- [APES. OWN. THE. FLOAT](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
- [Float/SI](https://www.reddit.com/r/Superstonk/comments/mofkra/institutional_ownership_and_short_interest_proof/)
|
||||
|
||||
*DD to get a realistic understanding of Short Interest:
|
||||
|
||||
- [Fake Shares to Millionaires Common Misconceptions of Short Interest](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/)
|
||||
|
||||
- [Mythbusters DD: Can We Set Share Price](https://www.reddit.com/r/GME/comments/mhjfee/mythbuster_dd_can_you_set_the_price_for_your/)
|
||||
|
||||
[January was a 1500% increase](https://www.cnbc.com/2021/01/27/gamestop-mania-explained-how-the-reddit-retail-trading-crowd-ran-over-wall-street-pros.html) and that wasn't even the squeeze.
|
||||
|
||||
The only thing that truly matters, is that by most conservative estimates, Short Interest is over 100%, and Apes own a significant portion of the float.
|
||||
|
||||
If even after all of this you STILL find yourself doubting, take a look back at the long term value. Or should I say, [the Deep Fucking Value](https://www.youtube.com/watch?v=GZTr1-Gp74U)
|
||||
|
||||
And there you have it. The only doubts you should have left over should be about what champagne you're celebrating with.
|
||||
|
||||
As for your [exit strategy?](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)
|
||||
|
||||
[](https://preview.redd.it/w1t2xj7v4ct61.png?width=730&format=png&auto=webp&s=8fd0f6a31b05979ca2943407ad50985ed86d0b15)
|
||||
|
||||
From /u/BinBender's Fake Shares to Millionaires
|
||||
|
||||
[Look at what this community created.](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) Look at the time and effort that's been put in. The DD is incredible. Take a moment to appreciate what "dumb money" has accomplished. Thank you to every Ape here for being a part of this, from [r/WallStreetBets](https://www.reddit.com/r/WallStreetBets/), to [r/GME](https://www.reddit.com/r/GME/), to [r/Superstonk](https://www.reddit.com/r/Superstonk/), to every other sub. You all are truly amazing.
|
||||
|
||||
The hard DD has been done. The only thing that can work against the squeeze now is the artificial limit you place on it.
|
||||
|
||||
[Remember why you hold](https://www.youtube.com/watch?v=UMKNU04cMvU)
|
||||
|
||||
[Remember](https://www.reddit.com/r/Superstonk/comments/mqmhnm/its_430_am_cant_sleep_read_the_dd_a_million_times/) [why](https://www.reddit.com/r/GME/comments/mqukfw/i_hodl_to_afford_my_transgender_surgery/) [the](https://www.reddit.com/r/GME/comments/m83920/this_is_why_i_hold_its_time_for_things_to_change/) [Ape](https://www.reddit.com/r/Superstonk/comments/mr4ec7/live_in_my_vehicle_this_is_my_bed_and_that_drink/) [next](https://reddit.com/r/Superstonk/comments/mo9bjt/this_is_why_im_holding/) [to](https://www.reddit.com/r/GME/comments/lur26s/why_they_hold/) [you](https://www.reddit.com/r/Superstonk/comments/moqsuv/why_i_will_hold_to_the_end_whatever_that_looks/) [holds](https://www.reddit.com/r/wallstreetbets/comments/lb1dj8/why_im_holding_gme/)
|
||||
|
||||
And that's really all that's left to do: Hold for yourself, and hold for the Ape next to you. That's the only way GME hits 10M. It's that simple.
|
36
DD/2021-05-07-Negative-Volume-Prints.md
Normal file
36
DD/2021-05-07-Negative-Volume-Prints.md
Normal file
@ -0,0 +1,36 @@
|
||||
Negative Volume Prints
|
||||
======================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
I have been looking into the negative volume prints, because I agree it's very strange. However, just to be clear, I believe in Occam's Razor, and so am still under the impression that this is a bug or data glitch. Here's what I've done so far:
|
||||
|
||||
- I have two data providers for this kind of information, one for raw market data and the other for historical fundamental data. Neither shows anything strange. This was not something that came in the raw market data feeds. The historical fundamental data provider I use shows this as the last 3 days' trading volumes:
|
||||
|
||||
"date": "2021-05-06", "value": 2942802.0
|
||||
|
||||
"date": "2021-05-05", "value": 1789186.0
|
||||
|
||||
"date": "2021-05-04", "value": 4007512.0
|
||||
|
||||
- I do not see negative volume bars in Fidelity or Interactive Brokers.
|
||||
|
||||
- I reached out to a friend who is very high up at one of the exchanges. He had the same reaction to this as I have. Here is what he said:\
|
||||
Corrections to the tape are rarely (if ever) done. It's mostly cancels to ensure last sale is correct. There is no "input" for a negative number. Its cancel old and insert new.\
|
||||
If they use like a last sale feed for api from somewhere else - well that could be a bug. Can it be corroborated with other sources?
|
||||
|
||||
If this is just TD Ameritrade, then it could simply be a bug on their side. If this is seen in other discount broker platforms, then the likeliest explanation is that they are all using the same data provider and there's some unexpected data coming down the pipe via API.
|
||||
|
||||
So here's what I'd ask. First, if you see this somewhere other than TDA, let us know in the comments. My friend at the exchange is interested too.
|
||||
|
||||
Second, reach out to your broker if you see it and ask what's going on. Let's see what they say, and I can let you know if they're bullshitting or not.
|
||||
|
||||
Finally, I still don't see the mechanism for this to be indicative of any kind of margin call. I don't mean to throw cold water on it, but if there was a margin call of any size, the only way you'd know is from news reports. It would not show up in market data. Trades wouldn't be busted at the end of the day because of no collateral, at least as far as I've ever seen. I don't claim to know everything, but I've seen trades busted before and this isn't what it would look like.
|
||||
|
||||
Hope this is helpful!
|
180
DD/2021-05-07-Ryan-Cohens-Kill-Shot-The-Reverse-Merger.md
Normal file
180
DD/2021-05-07-Ryan-Cohens-Kill-Shot-The-Reverse-Merger.md
Normal file
@ -0,0 +1,180 @@
|
||||
Ryan Cohens Kill Shot....the Reverse Merger
|
||||
===========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Alert_Piano341](https://www.reddit.com/user/Alert_Piano341/) | [Reddit](https://www.reddit.com/user/Alert_Piano341/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
What's RC plan, does he have a plan?
|
||||
|
||||
[](https://preview.redd.it/u187w1yyxrx61.png?width=512&format=png&auto=webp&s=eba4369c1f55655cae2c4603de8d74fa4dd2c44b)
|
||||
|
||||
This Guy Fucks
|
||||
|
||||
Here is what I think Ryan Cohens plan is
|
||||
|
||||
[](https://preview.redd.it/e7c3rodiyrx61.png?width=1264&format=png&auto=webp&s=356944c81ec0e08be4da473605260def8e819f75)
|
||||
|
||||
REVERSE Merger
|
||||
|
||||
Ok I have heard allot of talk about stock splits, reverse splits, dividends or crypto dividends ect on how RC can shake the shorts.
|
||||
|
||||
None of those really go the whole way. Reverse split is out of the question as the stock is not liquid enough, and there is legal questions surrounding the crypto dividend. [OVERSTOCK](https://www.coindesk.com/after-lawsuits-and-delays-overstock-hands-shareholders-digital-dividend)
|
||||
|
||||
Also none of these moves benefit Ryan Cohen and GameStop at the same time. They may hurt the shorts or help retail investors but none of the options help Gamestop and RC at the sametime.
|
||||
|
||||
I have [Posted](https://www.reddit.com/r/Superstonk/comments/mwy324/can_ryan_cohen_increase_his_ownership_to_199/) and others have thought about RC buying more GameStop, after reviewing the filings he can buy up to 20% of the company at any point. This whole time I have been waiting for him to buy, and thinking that he is waiting for volume to dry up, or to save his ammo to protect the stock if the price starts to fall.
|
||||
|
||||
but there is a serious flaw in that thinking......it doesn't help Gamestop.
|
||||
|
||||
I lay out the timeline of RC and GameStop below more in-depth below, but at this point RC has control of the board and the chairmanship, he doesn't need to buy anymore stock the way normal people do.
|
||||
|
||||
GameStop, with the help of RC and his marry band of Apes has erased its long term debt (minus leases) and raised 555m (a nice down payment on the transformation)
|
||||
|
||||
Ryan Cohen wants to own more of GME, most owner/ceo own over 20% of the companies they run.
|
||||
|
||||
He is totally invested in the GameStop turnaround, the best thing he can do is a Reverse Merger.
|
||||
|
||||
He capitalizes RC ventures with allot of money (500m, 750m, 1.5b) he can even bring in other private investors.
|
||||
|
||||
RC Ventures and GME merge, they create a Holding Company that they both merge into. The holding company is renamed Gamestop and eventually trades as GME under a new CUSIP#
|
||||
|
||||
How does it help Ryan Cohen- He gets ownership of whatever % of the stock at the agreed upon merger price (it would be the same amount as if he bought on the open market)
|
||||
|
||||
How does it help Gamestop- they actually get the CAPITAL, if Ryan buys on the open market they don't get the money they sold that stock when they issued it. this way Ryan gets to infuse the company with much needed cash and increase his ownership stake at the same time.
|
||||
|
||||
You are probable asking
|
||||
|
||||
HOW DOES IT HELP APE - Did you gloss over the part about the CUSIP#...here read this
|
||||
|
||||
[Example 1](https://groovevc.wordpress.com/2017/04/12/is-this-the-beginning-of-a-remarkable-short-squeeze/) or <https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/>
|
||||
|
||||
" Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market. "
|
||||
|
||||
Now the reverse split or the reverse merger has been tried before and it does squeeze the stock price a bit, but then it goes right back down. Typically this is because it is done on Penny Stocks and the shorts can simply cover as its not that expensive or there is not as many Naked shorts as people think.
|
||||
|
||||
but what if there is a ton of NAKED SHORTS, then those SHORTS ARE FUCKED. If they sold a bunch of shares naked and kept doing it without ever thinking they would need to be returned they would be foreced to buy a TON of GME under the new CUSIP #
|
||||
|
||||
[](https://preview.redd.it/rcjd1rbu3sx61.png?width=1027&format=png&auto=webp&s=94a30a8b7979391f95da12571a11c17212049340)
|
||||
|
||||
There goal was never to cover
|
||||
|
||||
I have been writing a DD where I believe that Citadel and SUS has been stashing their Naked options sales or Naked short sales in [Sold not yet purchased liabilities](https://www.reddit.com/r/DDintoGME/comments/n6mj3h/knight_capital_groupthe_precursor_to_citadel_part/) which are Ballooning.
|
||||
|
||||
Oh and GME has done this before when the merged with EB games
|
||||
|
||||
[Gamestop EBgaming Merger](https://news.gamestop.com/node/11616/html)
|
||||
|
||||
They created a new Holding company like a laid out above
|
||||
|
||||
More Fuel for the Fire-
|
||||
|
||||
Ryan Cohen changed lawyers (DFV pointed it out in his tweets)
|
||||
|
||||
new lawyer.....rising start in Mergers and Acquisitions
|
||||
|
||||
<https://profiles.superlawyers.com/new-york-metro/new-york/lawyer/ryan-p-nebel/c6896fb3-ede6-4eca-8bbe-40b0dc317589.html>
|
||||
|
||||
He also has a team of lawyers but Ryans on the Filings now . [NEW TEAM](https://www.globallegalchronicle.com/gamestops-agreement-with-ryan-cohen-for-the-board-of-directors/)
|
||||
|
||||
Ryan Cohen has the Assets-
|
||||
|
||||
He sold CHewy for Billions....he bought two stocks Apple and Wells fargo (we dont know the ratio but articles point to it being heave on apple)
|
||||
|
||||
Do you like apples?
|
||||
|
||||
[](https://preview.redd.it/yx4fhnni0sx61.png?width=853&format=png&auto=webp&s=acecc5de4bd90ec5f9954cf3521f0c1cca8f88c3)
|
||||
|
||||
Ryan Cohen owns 6.2 million shares of Apple How do you like them apples?
|
||||
|
||||
Tinfoil Hat time-
|
||||
|
||||
Apple has been acting weird since mid February.
|
||||
|
||||
[Apple bought back 19B in March](https://www.barrons.com/articles/tech-giants-have-ramped-up-stock-buybacks-apple-is-the-champ-51619780412), the stock didnt pop up until they crushed earnings and annouced that they are going to buy back 90B more....and its dipping again.
|
||||
|
||||
I have been thinking it is Funds selling out to cash out or to cover your position. Probably covering the position as apple it is safe haven stock.
|
||||
|
||||
but what if it was someone ready to go .....all in on GME
|
||||
|
||||
yeah crazy theory
|
||||
|
||||
[](https://preview.redd.it/upodiaca6sx61.png?width=1072&format=png&auto=webp&s=29e37b1a8cce286ee975db6237fea537941885cc)
|
||||
|
||||
Apple Dipped in march
|
||||
|
||||
[](https://preview.redd.it/rhyt5ueg7sx61.png?width=782&format=png&auto=webp&s=e3c2b3dd492f84109a3250ec7454066731b2bf4c)
|
||||
|
||||
Is Ryan Bluffing.....Citadels about to find out
|
||||
|
||||
Lets Recap what Ryan has done to Date-
|
||||
|
||||
-Ryan Cohen Started purchasing Gamestop on 8/13/2020
|
||||
|
||||
-Registers and Incorporates RC Ventures LLC on 8/28/2020
|
||||
|
||||
-Files [first 13D](https://sec.report/Document/0001013594-20-000670/) on 8/28 signifying that he owns more than 5%
|
||||
|
||||
-Buys more GME and then on 11/16/2020 rights a [letter to the board](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) (This really the only DD I need)
|
||||
|
||||
he points out in the letter Game stop is failing and squandering a Golden opportunity
|
||||
|
||||
[](https://preview.redd.it/9cdlcnszmrx61.png?width=660&format=png&auto=webp&s=7e2484774d51eb4f04717fbfcf5778088790cae9)
|
||||
|
||||
RC points out they are being shorted
|
||||
|
||||
[](https://preview.redd.it/zbwbki57nrx61.png?width=721&format=png&auto=webp&s=7ee342586d2f18d1d2c04392b99511aca7b310fb)
|
||||
|
||||
Ends the letter by saying you will not buy me off with one board seat
|
||||
|
||||
- On 12-21-2021 RC aquires more [GME](https://sec.report/Document/0001193805-20-001571/) he now owns 12.9%, [DFV](https://twitter.com/TheRoaringKitty/status/1341074590534152192) eagle eyes it a notes Ryan switched attorneys, thanks DFV you look at everything
|
||||
|
||||
- GME and RC file a [13D/A](https://sec.report/Document/0001193805-21-000031/) that they have come to agreement that the board will expand from 10-13 seats, and Alan Attal, Ryan Cohen and Jim Grube will be added to the board. At the share holders meeting it will go back to 9 members. [Agreement](https://sec.report/Document/0001193805-21-000031/#e620202_ex99-1.htm) (please read)
|
||||
|
||||
[](https://preview.redd.it/yd73uunuprx61.png?width=1624&format=png&auto=webp&s=d1fcb33279f19180016899e26c7985ab47c48f53)
|
||||
|
||||
Basically he cant say much during the standstill period
|
||||
|
||||
the standstill provision last until 120 days after the annual meeting (unless they amend or terminate it)
|
||||
|
||||
[](https://preview.redd.it/l0jpu8o6rrx61.png?width=1649&format=png&auto=webp&s=28b7feeae5c4196c6c8da7d117d78a86922f5cb5)
|
||||
|
||||
Standstill period for stock ownership, and it changes the definition of an interested stockholder from 15% to 20%. it notes that an interested stockholder would be restricted on any business combination for 3 years after they reach 20% (changed from 15%)
|
||||
|
||||
[](https://preview.redd.it/0b5p08rdrrx61.png?width=1643&format=png&auto=webp&s=d7fd82608601775e596b1b46ca5f69b39cc06fd0)
|
||||
|
||||
203 approval, he has approval to buy up to 20% of the stock
|
||||
|
||||
-James Bell Resigns 2/23
|
||||
|
||||
-GME hires new COO from amazon 3/23 (they also hired a series of C-suite executives to lead the transformation)
|
||||
|
||||
-Gme 4/5/2021 updates their [ATM offering](https://sec.report/Document/0001193125-21-105564/) reduce shares from being offered and increased the target price and the press thought it was Bad??? (side note in late 2019, GME bought back over 30,000,000 shares!!! so they bought back 30,000,000 shares in 2019 for 150 million, and sold 3.5 million shares in 2021 for 555million)
|
||||
|
||||
-GME 4/8/2021 announces Ryan Cohen will be director of the board on 6/9 and that the board will be 6 members (Ryan has 4 of the 6 seats) OK He wrote a letter on November 11/16 and 6 months later he is the chairman of the board and has board control.
|
||||
|
||||
-Gme 4/13/21 Announces Voluntary Early Redemption of Senior note (cool they will be debt free) lets check out the note
|
||||
|
||||
[](https://preview.redd.it/uj064b2iwrx61.png?width=1547&format=png&auto=webp&s=c5d8a416efddec1808b860f02e1623027d6dd293)
|
||||
|
||||
ohh thats interesting. it was at 10% which sucks and now they can do cool shit
|
||||
|
||||
GME 4/19/21- Announces CEO succession plan ( I don't think it matters if its Ryan or not, Ryan is steering the ship another person would just bring in added brain power and experience)
|
||||
|
||||
GME 4/26/21- Gme Complete At the market equity offering program (21 days) Sells 3,500,000 shares for $551,000,000
|
||||
|
||||
GME 4/30/21 Retired the debt and announced the opening of a new [Fulfillment](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) center
|
||||
|
||||
Ryan Cohen buys in August, wrights a letter in November and in less than 6 months he has
|
||||
|
||||
-erased long term debt (outside of leases)
|
||||
|
||||
-raised over 500million dollars
|
||||
|
||||
-Remade upper management
|
||||
|
||||
-Started the process of opening a fulfillment center for the east coast
|
332
DD/2021-05-19-Hedge-Funds-Stole-the-American-Economy.md
Normal file
332
DD/2021-05-19-Hedge-Funds-Stole-the-American-Economy.md
Normal file
@ -0,0 +1,332 @@
|
||||
Hedge Funds Stole the American Economy & Created the Richest Man in the World
|
||||
=============================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/AvidTreesFan](https://www.reddit.com/user/AvidTreesFan/) | [Reddit](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) |
|
||||
|
||||
---
|
||||
|
||||
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
Oh, hey, let me just finish up this game of Smash Bros, grab a coffee, smoke a bowl real quick, watch a few episodes of Twilight Zone, then let's deep dive into this DD. It's a certified smooth-brained wall of text I promise.
|
||||
|
||||
I hope this write-up finds you well. Don't mind me. Just a playdoh-munching ape with a rambling problem and a stubborn interest in Wall Street's unscrupulous activities. Remember; hedge funds thrive from making money off EVERY TRANSACTION. Like 08' when they built nuclear bomb CDO's, sold them to unsuspecting investors, shorted them, then coordinated with ratings agencies to downgrade the bonds. Turns out the Stock Market is a ponzi scheme endorsed by the U.S government (what did you say Kenny? Or was that Janet Yellen just now?). Fuckery and corruption is afoot, but how did we get here?
|
||||
|
||||
So... let us journey to a simpler time; before the AMZN.
|
||||
|
||||
[Former V.P of Hedge Fund D.E Shaw: Jeff Bezos](https://preview.redd.it/k0zfv9ins3071.jpg?width=1200&format=pjpg&auto=webp&s=111dac518a6ec1b30f08ca40319c573114e97d63)
|
||||
|
||||
To put it bluntly; *HEDGE FUNDS STOLE THE AMERICAN RETAIL ECONOMY. ahem, I will explain...*
|
||||
|
||||
*By naked shorting competing stocks, hedge funds can invest the proceeds (from that naked short sale) into AMZN stock, essentially; Wall Street steals money from a competitors' market cap and artificially inflates the price of AMZN stock. I believe this is the largest successful financial scam/grift pulled in history.*
|
||||
|
||||
*AMZN stock is the highest % returning stock in the last decade. Amazon was only $43 per share at 2008 lows.*
|
||||
|
||||
<https://www.macrotrends.net/stocks/charts/AMZN/amazon/stock-price-history>
|
||||
|
||||
*Understanding* *Jeff Bezos; the* ~~*"modest"*~~ *mastermind* *VP Quant of D.E Shaw:*
|
||||
|
||||
You know Jeff Bezos; the Former CEO of Amazon (the web-focused retailer for literally every product you can think of) has amassed quite a shameful amount of wealth in the last 2 decades. Currently worth over $200B.
|
||||
|
||||
You may be familiar with Bezos' modest lifestyle early on in his career, he himself mentioned still driving his 1997 Honda Civic after Amazon went public (making Bezos worth $12 Billion) and claims he did not believe in indulging in a wasteful lifestyle.
|
||||
|
||||
<https://www.cnbc.com/2018/01/18/why-amazons-jeff-bezos-drove-a-honda-after-he-was-a-billionaire.html>
|
||||
|
||||
That persona seems to have dissipated since.
|
||||
|
||||
"Bezos has some [bigger extravagances](https://www.cnbc.com/2017/07/27/how-richest-man-alive-jeff-bezos-spends-his-billions.html), like multiple homes, a private jet and Blue Origin" (Blue Origin is a space exploration company.
|
||||
|
||||
Up until recently, Bezos has promoted a public image that emphasized his "geeky" side, drawing focus to his coder, bookworm persona. It would be a great way to distract from his relationships and history with Wall Street. I mean, despite the PR, the guy is a quant!
|
||||
|
||||
WHAT IS A QUANT?
|
||||
|
||||
Quant is short for quantitative; in Wall Street speak it describes a process of using mathematic modeling and HIGH FREQUENCY TRADING to identify and act on trading opportunities. In short (pardon the pun), quants specialize in calculating probability and risk, HEDGING positions/SHORTING stocks is a commonplace practice in quantitively driven fund portfolio.
|
||||
|
||||
Bezos saw a business opportunity by creating and controlling a company that had strong relationships with Wall Street. A company that was willing to act in blatant anti-competitive fashion; possessing an understanding of the complex practices that inflate AMZN's market cap. A company that could rely of private equity doing their dirty work by targeting competitors through leveraged buyouts and naked shorting.
|
||||
|
||||
<https://www.investopedia.com/articles/active-trading/111214/quants-what-they-do-and-how-theyve-evolved.asp>
|
||||
|
||||
"back in 1994, a 30-year-old, newly married Bezos quit his Wall Street job to [start Amazon](https://www.cnbc.com/2018/01/09/amazons-jeff-bezos-son-of-a-teen-mom-to-a-105-billion-fortune.html)."
|
||||
|
||||
Okay, so timeline check here: <https://www.biography.com/business-figure/jeff-bezos>
|
||||
|
||||
"After graduating from Princeton, Bezos found work at several firms on Wall Street, including Fintel, Bankers Trust and the investment firm D.E. Shaw. In 1990, Bezos became D.E. Shaw's youngest vice president."
|
||||
|
||||
Bezos was known for his ability to fundraise and meet with venture capital and large investors in Amazon face to face:
|
||||
|
||||
<https://officechai.com/stories/jeff-bezos-raising-money/>
|
||||
|
||||
Bezos sourced funding for Amazon while he was still working as VP of D.E Shaw (before Amazon went public):
|
||||
|
||||
<https://www.scmp.com/news/world/united-states-canada/article/2143375/1994-he-convinced-22-family-and-friends-each-pay>
|
||||
|
||||
[David E. Shaw Circa 2009](https://preview.redd.it/u316hew0t3071.jpg?width=250&format=pjpg&auto=webp&s=e5a709959d69aff46eb537c2595bf60a0b175def)
|
||||
|
||||
UNDERSTANDING D.E SHAW & THE ADVANTAGE OF KNOWING THE WINNER BEFORE THE RACE STARTS + THE CONFIDENTIAL ADVANTAGE:
|
||||
|
||||
<https://money.cnn.com/magazines/fortune/fortune_archive/1996/02/05/207353/index.htm>
|
||||
|
||||
David Elliot Shaw is an American billionaire, scientist and former [hedge fund manager](https://en.wikipedia.org/wiki/Hedge_fund). He founded [D. E. Shaw & Co.](https://en.wikipedia.org/wiki/D._E._Shaw_%26_Co.), a hedge fund company which was once described by [*Fortune*](https://en.wikipedia.org/wiki/Fortune_(magazine)) magazine as "the most intriguing and mysterious force on Wall Street".
|
||||
|
||||
The title of that Fortune article, dated February 5th, 1996 reads: WALL STREET'S KING QUANT DAVID SHAW'S SECRET FORMULAS PILE UP MONEY. NOW HE WANTS A PIECE OF THE NET.
|
||||
|
||||
Secret formulas you say? like Kenny's secret formulas?
|
||||
|
||||
<https://yourstory.com/2020/02/jeff-bezos-boss-david-shaw-ecommerce-amazon/amp>
|
||||
|
||||
"I was living and working in New York City. I came across the fact that the world wide web was growing very fast and came up with this simple idea to sell books on the internet. I went to my boss David and told him the idea," Bezos reminisced, explaining how the first seed of Amazon was sown in his head.
|
||||
|
||||
Okay, so it's clear David E. Shaw (among others at D.E Shaw) was aware of Amazon's concept before it went public, had an active interest in investing in the web space and managed D.E Shaw; employing quantitative strategies during this time.
|
||||
|
||||
"D.E. Shaw & Co. went on to become one of the five highest-grossing hedge funds of all time."
|
||||
|
||||
<https://www.institutionalinvestor.com/article/b16m71ft1vxr80/the-top-earning-hedge-fund-firms-of-all-time>
|
||||
|
||||
2 of the 5 largest holdings for D.E Shaw are AMZN and MSFT:
|
||||
|
||||
<https://stockzoa.com/fund/d-e-shaw-co-inc-see-notes-1-2-and-3/>
|
||||
|
||||
Since Bezos announced he was stepping down as Amazon CEO February 2nd , D.E Shaw has sold 47% of their AMZN holdings. Wonder what they know?
|
||||
|
||||
Oh, and Citadel Securities (long time AMZN investor) is one of the other "top 5 highest grossing" hedge funds of all time. George Soros' (long time Amazon investor through Soros Fund Management LLC) and Ray Dalio (long time Amazon investor through Bridgewater Associates) are also included in this list.
|
||||
|
||||
<https://www.profitconfidential.com/stock/amazon-stock/this-is-why-george-soros-bought-more-amzn-stock/>
|
||||
|
||||
<https://finance.yahoo.com/news/dalios-bridgewater-associates-dumps-amazon-com-coca-cola-205346892--sector.html>
|
||||
|
||||
[In 2015, the largest private equity fund managed $87B, 1 year later, the largest private equity fund managed $140B. Modern day the largest fund (Blackstone Capital) manages $211B.](https://preview.redd.it/xzs37ae5t3071.png?width=593&format=png&auto=webp&s=cfc2e476614ed1bb11a85b6fe76bdc4776765b05)
|
||||
|
||||
Bridgewater was the largest hedge fund in the world in 2016 managing $140B AUM. The Blackstone Group, currently the largest private equity conglomerate by AUM; manages an absolutely absurd $211B through Blackstone Capital Partners. This loops back to property acquisition of AMZN competitors as Blackstone owned at least one entity in every single acquisition of an AMZN competitor. Blackstone owned Bain Capital (Toys R' Us lender) in the Toys R Us acquisition, Bain Capital had input on whether or not Toys R' Us would declare bankruptcy:
|
||||
|
||||
Toys R' Us bankruptcy explained in a prior DD:
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/n1x909/companies_destroyed_by_hedge_funds_how_gamestop/>
|
||||
|
||||
THE BLACKSTONE GROUP collectively manages $619B in AUM and played an integral role in appropriating the success of Amazon's stock.
|
||||
|
||||
<https://www.nasdaq.com/articles/if-you-invested-%241000-in-blackstone-group-a-decade-ago-this-is-how-much-itd-be-worth-now>
|
||||
|
||||
"Blackstone's private equity business has been one of the largest investors in [leveraged buyouts](https://en.wikipedia.org/wiki/Leveraged_buyout) in the last three decades, while its real estate business has actively acquired commercial real estate".
|
||||
|
||||
<https://www.blackstone.com/wp-content/uploads/sites/2/2021/01/Blackstone4Q20EarningsPressRelease.pdf>
|
||||
|
||||
Kenny.....? Do you know these guys? Actively acquiring real estate sounds a lot like you; whether it be in Texas, or New York or Florida or California or... really, must I continue to list all the states (and countries)?: <https://dealbreaker.com/2020/04/citadel-coronavirus-hotel>
|
||||
|
||||
<https://www.palmbeachdailynews.com/business/real-estate/griffin-million-deal-adds-more-land-his-palm-beach-estate/jfLaNFMYROujhGUHCRzxcK/>
|
||||
|
||||
<https://therealdeal.com/2020/08/27/ken-griffin-is-approaching-1b-in-worldwide-luxury-real-estate/>
|
||||
|
||||
<https://www.corporationwiki.com/search/results?term=ken%20griffin>
|
||||
|
||||
Blackstone expressed interest in an ownership deal with Citadel Securities and known fuck-head Kenny Grift(en): <https://www.bloomberg.com/news/articles/2019-10-12/blackstone-held-talks-with-citadel-about-buying-stake-dj>
|
||||
|
||||
D.E SHAW, CITADEL & EVERY OTHER FUND CONTINUES TO CONCEAL THEIR POSITIONS TO THIS DAY. WHY A 13F IS BAD DATA.
|
||||
|
||||
<https://www.thinkadvisor.com/2005/01/12/sec-ruling-forces-d-e-shaw-portfolio-disclosure/>
|
||||
|
||||
"It's this kind of detailed hedging information that hedge funds like D.E. Shaw often seek to keep secret."
|
||||
|
||||
"Prior to the filing of the amended holding reports, all of D.E. Shaw's 13F filings dating back to May 1999 included minimal details."
|
||||
|
||||
This would allow D.E Shaw to establish confidential naked short positions in AMZN competitors and large amounts of undisclosed shares and options in AMZN and MSFT.
|
||||
|
||||
HMMMMMMM. OKAY.... WHAT!?
|
||||
|
||||
Oh yeah, In 2013, D.E Shaw violating short selling regulations.
|
||||
|
||||
<https://www.sec.gov/litigation/admin/2013/34-70396.pdf>
|
||||
|
||||
"On five occasions, from May 2010 through March 2012, D. E. Shaw bought offered shares from an underwriter or broker or dealer participating in a follow-on public offering after having sold short the same security during the restricted period. The violations resulted in profits of $447,794. "
|
||||
|
||||
[MFW I realize the SEC has allowed hedge funds to avoid reporting positions through 13F reports by applying for confidentiality exemptions. Then, finding out these same hedge funds violate short selling regulations.](https://preview.redd.it/efrrr1yat3071.jpg?width=1200&format=pjpg&auto=webp&s=62359acf5fc0c64808792bbbc3178211799371da)
|
||||
|
||||
*Citadel, Melvin, Point 72 & Susquehanna aren't the first hedge funds to fuck up catastrophically:*
|
||||
|
||||
<https://www.valuewalk.com/2020/02/top-10-hedge-fund-blow-ups/>
|
||||
|
||||
<https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp>
|
||||
|
||||
When it comes to quantitative funds, Ponzi schemes and Insider Trading grifts are common place (looking your way again right now Kenny). An alarming number of quantitative funds failed catastrophically due to poor risk management and over-leveraged betting. In 1998, Long-Term Capital Management (LTCM) almost caused a fucking Global Financial Crisis (GFC) due to their leveraged bets based off mathematical modeling and high frequency trading. The perils in the quantitative approach often includes extremely high risks as mathematics fails to account for human behavior (just like GME apes continue holding no matter the price) and cannot accurately predict long term market activity trends.
|
||||
|
||||
This highlights the value of knowing the future on Wall Street. If you know AMZN competitors stock price will drop and AMZN stock will appreciate, you can structure shares and options portfolios with ridiculous leverage (just ask Bill Hwang) and insane gain potential while keeping it completely confidential.
|
||||
|
||||
[Former Sears store signage circa 2012](https://preview.redd.it/l97ti4oet3071.jpg?width=450&format=pjpg&auto=webp&s=a85944b753c054bf22145f8caf2b7c7e42d719ba)
|
||||
|
||||
It would make sense, if private equity hedge funds intentionally exercised their relationships and capital to destroy Amazon competitors deliberately (through leveraged buyouts and naked shorting) so Amazon could capture their market share while The Blackstone Group and KKR consumed their real estate assets.
|
||||
|
||||
"Hedge funds have killed Sears & many other retailers"
|
||||
|
||||
"Sears is the fifteenth retailer to file for bankruptcy this year, Ablin noted. It joins other high profile private equity backed casualties Toys "R" Us, shoe seller Nine West and quirky gadget retailer Brookstone".
|
||||
|
||||
<https://www.cnn.com/2018/10/16/investing/retail-sears-private-equity/index.html>
|
||||
|
||||
"Hedge funds are systematically destroying jobs across the nation," said Carrie Gleason, campaign manager for Rise Up Retail, a worker advocacy group.
|
||||
|
||||
"From Toys 'R' Us to Sears, these financial predators are extracting the value out of these retail establishments, forcing the closure of thousands of stores, and throwing tens of thousands of workers into the streets," Gleason added.
|
||||
|
||||
EVERY SINGLE ONE OF THESE RETAILERS WERE PURCHASED BY PRIVATE EQUITY FIRMS. MANY OF THESE PRIVATE EQUITY FIRMS HAD LONG POSTIONS IN AMAZON. THIS IS A DIRECT CONFLICT OF INTEREST SINCE A FIRM LONG AMZN WOULD HAVE MORE TO GAIN FROM A COMPETITOR GOING OUT OF BUSINESS/RELIQUISHING MARKET SHARE.
|
||||
|
||||
You'll also notice that the above CNN article does it's best to shift narrative to competing retailers inability to take online shopping seriously; but if private equity had controlling interest, wouldn't they be at fault from negligence? You're telling me that private equity funds who are tech-conscious, going long AMZN aren't aware of how important online retail is?
|
||||
|
||||
When you actually look at the numbers these "failing" businesses produced, they aren't "bankruptcy" bad at all. Toys R' Us booked $941M in e-commerce sales in 2016.
|
||||
|
||||
In 2012, KKR, Blackstone, Bain, J.P Morgan and Goldman Sachs where accused of insider trading and co-operation by rigging the prices of securities (sound familiar?)
|
||||
|
||||
<https://www.cbsnews.com/news/bain-blackstone-kkr-accused-of-rigging-bids/>
|
||||
|
||||
Bain Capital was exposed for corporate-tax avoidance through Cayman Island Ratholes by Gawker in 2009 (co-founder Mitt Romney is still an active investor in Bain):
|
||||
|
||||
<https://www.cbsnews.com/news/bain-capitals-tax-breaks-are-they-legal/>
|
||||
|
||||
Establishing a Narrative: The "Only" Online Retailer and "the Technological Advantage"
|
||||
|
||||
I just want to ask one question. If being an online only retailer is the most competitive business model. Why the fuck is Amazon opening physical retail locations?
|
||||
|
||||
Because the "people only shop online" narrative is over-embellished and AMZN was not the "only" online retailer (contrary to press opinion). Amazon was a company that received insanely positive reception by mainstream press and financial tabloids but the majority of their income is not provided by retail, but a result of Amazon Web Services (AWS).
|
||||
|
||||
Bezos intentionally breached anti-competitive law to ensure Amazon competitors would have more difficulty establishing themselves as an online retailer.
|
||||
|
||||
Toys R Us was acquired by hedge funds 2005; Amazon started selling Toys and Childcare products 2006 with exclusivity agreement with Toys R' Us.
|
||||
|
||||
Amazon abused agreements through Merchant Partnerships with Toys R' Us:
|
||||
|
||||
<https://en.wikipedia.org/wiki/Amazon_(company)>
|
||||
|
||||
" In 2000, U.S. toy retailer [Toys "R" Us](https://en.wikipedia.org/wiki/Toys_%22R%22_Us) entered into a 10-year agreement with Amazon, valued at $50 million per year plus a cut of sales, under which Toys "R" Us would be the exclusive supplier of toys and baby products on the service, and the chain's website would redirect to Amazon's Toys & Games category. Amazon had knowingly allowed third-party sellers to offer items on the service in categories that Toys "R" Us had been granted exclusivity. In 2006, a court ruled in favor of Toys "R" Us, giving it the right to unwind its agreement with Amazon and establish its own independent e-commerce website. The company was later awarded $51 million in damages."
|
||||
|
||||
Examining the (resourceful) Amazon's Board of Directors:
|
||||
|
||||
[This graphic does not include U.S Army General Keith B. Alexander, who joined the BOD in September 2020](https://preview.redd.it/zjq6nc6ht3071.jpg?width=1200&format=pjpg&auto=webp&s=8a637b0cc56810ad86ba13fb4c019852dfb640f5)
|
||||
|
||||
As of September 2020 the Amazon Board of Director's includes:
|
||||
|
||||
> Former National Security Agency (NSA) Director and 4 Star Army General Keith Alexander
|
||||
|
||||
> Former Gates Foundation Executive Patty Stonesifer
|
||||
|
||||
> Managing Partner at the Seattle based Madrona Venture Group and former Harvard alumi: Tom Alberg. Madrona VG specializes in early-stage technology investing and have long held big positions in MSFT and AMZN, which are both headquartered in Seattle.
|
||||
|
||||
This article highlights just how influential Madrona is: "The firm is nearly synonymous with Seattle's venture capital scene --- a powerhouse so strong that some entrepreneurs fret over the influence it holds as a funding gatekeeper."
|
||||
|
||||
<https://www.geekwire.com/2020/tom-alberg-bet-seattle-amazon-shaping-regions-tech-industry-building-legacy-understated-influence/>
|
||||
|
||||
Fun Fact: In this video Bezos mentions starting Amazon in Seattle because of Bill Gates and Microsoft's presence there: <https://www.youtube.com/watch?v=f3NBQcAqyu4&t=223s>
|
||||
|
||||
Fast forward to today MSFT and AMZN are two of the largest web services companies in the world and Bill Gates + Jeff Bezos are two of the richest men in the world.
|
||||
|
||||
<https://www.wsj.com/articles/microsoft-seeks-startup-partnerships-in-battle-with-amazon-over-cloud-11600077601>
|
||||
|
||||
<https://www.cnbc.com/2019/10/25/microsoft-wins-major-defense-cloud-contract-beating-out-amazon.html>
|
||||
|
||||
Gates' Cascade Investments and Alberg's Madrona provided unique relationships and capital to Bezos in Seattle.
|
||||
|
||||
PRIVATE EQUITY PURCHASES THE COMPETIOR, HEDGE FUNDS NAKED SHORT THE COMPETITOR, HEDGE FUNDS PUT PROCEEDS OF NAKED SHORT SALES INTO AMAZON STOCK.
|
||||
|
||||
[Henry Kravis of KKR: All around scumbag and pioneer of the private equity Leveraged Buyout; starting with RJR Nabisco in 1989. At the time the buyout was described in the book \"Barbarians at the Gate\" as a preeminent example of corporate and executive greed.](https://preview.redd.it/utb0pk8lt3071.jpg?width=474&format=pjpg&auto=webp&s=c9d6c327a47a8f6376dd346f29a10f715391c19b)
|
||||
|
||||
KKR purchased Toys R Us by way of leveraged buyout in 2005 (and abandoned that debt to schmuck fund; Solos Alternative Asset Management and eventually the taxpayer), you can read about this saga here:
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/n1x909/companies_destroyed_by_hedge_funds_how_gamestop/>
|
||||
|
||||
Former executives of Bain Capital & KKR were sued by the creditors of Toys R Us' for theft and improper appropriation of debt before filing for bankruptcy:
|
||||
|
||||
<https://finance.yahoo.com/news/toys-r-us-creditors-sue-050000919.html>
|
||||
|
||||
<https://www.barrons.com/articles/private-equity-firms-provide-20-million-in-assistance-for-former-toys-r-us-employees-1542737621>
|
||||
|
||||
Toys R Us cost to society: 36,000 jobs
|
||||
|
||||
The CEO of Borders Group was fired and replaced with a former private equity manager; then over the next decade ownership was sold through a leveraged buyout to 3 different private equity firms until Borders Group declared bankruptcy (I think I'm noticing a pattern here):
|
||||
|
||||
<https://www.mlive.com/business/ann-arbor/2009/04/borders_paid_ousted_ceo_george.html>
|
||||
|
||||
Borders bankruptcy cost to society: 19,500 jobs lost
|
||||
|
||||
SEARS (who merged with Kmart in 2005) was the victim of a leveraged buyout by private equity:
|
||||
|
||||
<https://www.cnbc.com/2019/02/07/eddie-lamperts-deal-to-buy-sears-approved-retailer-given-second-life.html>
|
||||
|
||||
Eddie Lampert, Steve Mnuechin and others were sued for damages over $2 Billion; claiming Eddie Lampert had siphoned money from Sears assets to his hedge fund ESL Investments.
|
||||
|
||||
<https://www.cnbc.com/2019/04/18/sears-sues-eddie-lampert-steven-mnuchin-others-for-alleged-thefts.html>
|
||||
|
||||
Sears/Kmart bankruptcy cost to society: 66,000 jobs
|
||||
|
||||
<https://www.theguardian.com/business/2018/dec/01/sears-workers-kmart-retail-eddie-lampert>
|
||||
|
||||
" For the last three years, traditional retail has announced the largest number of layoffs of any industry; this year marks the highest number of cuts since the recession recovery in 2009".
|
||||
|
||||
I believe every single one of these competitors stocks were the victim of naked shorting so Amazon could capture a larger market share; also allowing for further inflation in AMZN market cap regardless of sales and revenue results.
|
||||
|
||||
KKR has employed former Amazon and Walmart (another retail/grocery competitor with huge private equity backing) employees to senior positions of management and governance:
|
||||
|
||||
<https://www.bloomberg.com/news/articles/2019-09-19/kkr-appoints-amazon-veteran-piacentini-as-senior-adviser>
|
||||
|
||||
Thomas M. Schoewe has been a member of the board of directors since March 14, 2011. Mr. Schoewe was executive vice president and chief financial officer for Wal-Mart Stores, Inc.
|
||||
|
||||
<https://ir.kkr.com/corporate-governance/>
|
||||
|
||||
KKR has also completed several real estate acquisitions with Amazon at a total cost of $840M:
|
||||
|
||||
<https://www.bloomberg.com/news/articles/2021-04-01/kkr-buys-seattle-building-leased-to-amazon-for-580-million>
|
||||
|
||||
<https://www.cpexecutive.com/post/kkr-buys-1-msf-amazon-leased-warehouse-near-atlanta/>
|
||||
|
||||
<https://www.bizjournals.com/charlotte/news/2020/07/01/amazon-clt3-kannapolis-sale-to-kkr.html>
|
||||
|
||||
<https://www.kenoshanews.com/news/local/amazon-facilities-in-kenosha-sold-for-176-million-called-a-chicago-area-industrial-record/article_e4b24eed-e6af-582f-8eb5-14aaa82dd8c0.html>
|
||||
|
||||
Jeff Bezos stepping down from the role of CEO on Feb 2nd. I believe this was done to prevent an individual like me from focusing on and informing a bunch of apes like you about his hedge fund history; raising questions about the legitimacy of competitive capitalism in an economy that allows for theft through naked shorting.
|
||||
|
||||
Alright so, Jeff Bezos' and Bill Gates' (among other billionaires such as Gabe Plotkin's) recent divorce filings. As I had the pleasure of learning from Joe Exotic in the documentary "Tiger King", individuals will use a divorce (or marriage) as a way to protect assets from seizure through legal maneuvering.
|
||||
|
||||
I believe Bezos and Gates understand that the current market environment is perilous and that many of the funds short on GME (among other high SI stocks) will need to liquidate their positions in blue chip stock upon margin call. AMZN and MSFT stand to lose a lot of capital.
|
||||
|
||||
Also, real quick why hasn't Gates' firm Cascade Investments filed a 13F (required by law) since September 2008 (when Lehman and Bear collapsed)? <https://fintel.io/if/cascade-investment>
|
||||
|
||||
Since 08' Cascade Investments has only filed a 15G, the SEC states this is a special form especially for firms that own "asset backed securities".
|
||||
|
||||
- SEC Form 15-12G is the certification and notice of termination of registration of a class of securities under Section 12(g)of the Securities Exchange Act of 1934.
|
||||
|
||||
- The Form is also used to provide notice of suspension of duty to file reports under sections 13 and 15(d) of the Securities Exchange Act.
|
||||
|
||||
- When a company registers securities, it is obligated by regulation to file periodic and current reports with the SEC. Form 15-12G may end those obligations as securities are de-issued.
|
||||
|
||||
Terminated registration of securities? Notice of suspension of duty to file? End obligation to file as securities are de-issued? Sounds strange.
|
||||
|
||||
<https://www.investopedia.com/terms/s/sec-form-15-12g.asp>
|
||||
|
||||
Especially with his Epstein relationship this man has A LOT OF FUCKING QUESTIONS TO ANSWER.
|
||||
|
||||
Jeff Bezos stepped down as Amazon CEO on February 2nd, 5 days after the GME Gamma Squeeze, Jan 27th, 2021.
|
||||
|
||||
Now, you know why.
|
||||
|
||||
*HEDGE FUNDS and PRIVATE EQUITY STOLE THE AMERICAN RETAIL ECONOMY AND HANDED IT TO JEFF BEZOS.*
|
||||
|
||||
*Edit: This DD from* [u/Ren3666](https://www.reddit.com/u/Ren3666/) *as it provides AMAZING INSIGHT into the current media debt issue and digging into a "BLACK HOLE OF COVERAGE":*
|
||||
|
||||
<https://www.reddit.com/r/DDintoGME/comments/mwc62t/blackhole_of_coverage_biased_narrative_and_the/>
|
||||
|
||||
Couple that DD with this article: <https://www.cnbc.com/2018/11/07/billionaires-are-buying-media-companies-new-york-times-not-for-sale.html> Credit: [u/Slow_learner04](https://www.reddit.com/u/Slow_learner04/)
|
||||
|
||||
Bezos and Wall Street have the resources to disseminate narratives.
|
||||
|
||||
Fellow ape in the comments [u/BoAnonKryze](https://www.reddit.com/u/BoAnonKryze/) :
|
||||
|
||||
"one possible reason why the SHFs have been attacking GME so ruthlessly and pushing hard against retail is that GameStop has positioned itself to become a very real threat to Amazon in one of the biggest and fastest growing markets on the planet"
|
||||
|
||||
"You 🦍s are absolutely fucking magnificent."
|
||||
|
||||
TLDR:
|
||||
|
||||
By naked shorting competitors stocks; hedge funds who held long positions in AMZN could effectively "steal" money from a competing companies market cap and invest it into AMZN to inflate their stock price. Jeff Bezos maintained Wall Street relationships and breached anti-competitive corporate law to ensure competitors could not pivot to e-commerce in a time sensitive fashion. It is clear that multiple conflicts of interest went unchallenged, this helped to establish a narrative while relying on hedge funds to naked short competitors stocks using HFT strategies used at D.E Shaw.
|
||||
|
||||
The combined cost to society of Sears/Kmart, Toys R Us and Borders Group Bankruptcies = 121,000 JOBS + billions in taxpayer dollars. I FEEL SICK.
|
||||
|
||||
IF HEDGE-FUCKS DON'T UNDERSTAND IT YET, THIS IS WHY I 💎DIAMOND HAND🙌 THE GIGASTONK: GME. THIS BLATANT ABUSE OF THE SYSTEM HAS NOT (AND WILL NOT) BE ADRESSED UNTIL IT HAS TO BE.
|
||||
|
||||
SO I WILL HOLD UNTIL IT HAS TO BE. CORRUPT FOLKS OF THE FINANCIAL ELITE BEWARE. YOUR MONEY IS ABOUT TO BE APES' MONEY. HEDGE FUNDS ARE THE EXPIRED APEX PREDATOR AND APES ARE ABOUT TO REPLACE THEM. I'LL TAKE ALL YOUR TENDIES BEFORE YOU TAKE GAMESTOP.
|
||||
|
||||
BEWARE HEDGIE, BEWARE. 🚀🚀🚀🚀🚀🚀
|
476
DD/2021-05-24-GME-Masters-Guide.md
Normal file
476
DD/2021-05-24-GME-Masters-Guide.md
Normal file
@ -0,0 +1,476 @@
|
||||
The GME Masters' Guide: A DD Campaign for Apes Levels 1-20 (The GME Story in 100 DDs)
|
||||
=====================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
Hi all, Blanderson here, back this time with all the DD you wanted in a story you didn't ask for.
|
||||
|
||||
Here are 100 DDs that have shaped the GME saga.
|
||||
|
||||
This is the story of you, Apes, and the DD writers who have held us together and made us proud. As always, I hope you will enjoy.
|
||||
|
||||
I polled the Daily Chat about the name of this post and wanted to shout out some of the top alternatives.
|
||||
|
||||
[u/scrollwheeler](https://www.reddit.com/u/scrollwheeler/) - "The Snoop Scoop"
|
||||
|
||||
[u/jaxpied](https://www.reddit.com/u/jaxpied/) - "🍌🚀"
|
||||
|
||||
[u/Hefaystos](https://www.reddit.com/u/Hefaystos/) - "Another useless DD that has nothing smart inside and is nothing more than karma farming."
|
||||
|
||||
All very strong contenders, tbh.
|
||||
|
||||
💎🙌🦍💗🚀🚀
|
||||
|
||||
Lately I have seen a lot of new Apes joining the community, but confused about where to start. I have also seen Apes that need a bit of a confidence boost, or that just want to add a wrinkle about a particular topic so they can sleep better at night. And yes, even some shills get in on the action when they think they can use it to drive a wedge in the community. I literally saw two MOAFUDs in the Daily Chat last night while on patrol.
|
||||
|
||||
And you know what, I often find myself unable to answer their questions satisfactorily. I know that *at some point in the past* I came to understand or believe a piece of the puzzle -- SI% is Fake, shorts haven't covered, MOASS inevitable, for example -- but my diamond mind had forgotten the source of its strength.
|
||||
|
||||
In my opinion we want to welcome as many new Apes into the fold as possible, and we want to be able to parry any FUD quickly with a link to the 💎🙌 facts and arguments.
|
||||
|
||||
That's what this guide is for.
|
||||
|
||||
tl;dr: A chronologically and topically organized guide to the DD that explains the situation at hand and the history of the Apes' contributions to one another. This can be used to quickly get new Apes up to speed, or to confidently shoot down FUD and leave evidence for those who find the comments and posts later.
|
||||
|
||||
I selected DD that I think tells the story of how we got from there to here, as simply and clearly as possible. It's meant to be all the DD necessary to explain the Ape mantra:
|
||||
|
||||
Buy. HODL. Vote. Shorts must cover. MOASS is inevitable.
|
||||
|
||||
Oh yeah, and just for fun I organized it like an RPG campaign guide, combining backstory with mechanics and an actual play report. I know, I can be a little extra at times.
|
||||
|
||||
You'll have to forgive me writing my own character in. I might be one of those annoying GMs that falls too in love with their own character. It's all in good fun, and as always I'm proud to be one among the many (the all!) that have made us stronger together.
|
||||
|
||||
This is not an exhaustive list and I'm happy to add to it if I missed something. Let me know in the comments. The fact that this is such a limited-yet-still-overwhelming amount of DD fills me with such gratitude for everyone that has contributed to this journey, including those not named here, the silent HODLers, and everyone else I wrote about in [my poem at the end of Wargame Theory II](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/). Just the DD produced in the last week is mindblowing and has its own section.
|
||||
|
||||
In addition to a handy guide, I hope this will forever be a fun way to remember a small fraction of what we've built here.
|
||||
|
||||
Love you Apes. 💕🦍🦍🦍🦍💕
|
||||
|
||||
--Blanderson
|
||||
|
||||
Overview of the Campaign
|
||||
|
||||
*The first link contains a glossary of key terms and basic overview of the GME story from 2019 to the present. The second link is a broad overview of how GameStop, $GME, the Apes, and retail have been deceived and attacked over the past two years.*
|
||||
|
||||
*These are included for 0-level Apes who are just joining the party. Reading them will give you enough experience to hit Level 1 and start the DD adventure!*
|
||||
|
||||
frugihoyi
|
||||
|
||||
[The Mother of All GME Summaries for the Smooth Brained](https://www.reddit.com/r/GME/comments/mk46c5/the_mother_of_all_gme_summaries_for_the_smooth/) - Apr 4
|
||||
|
||||
TitusSupremus
|
||||
|
||||
[One DD to Rule Them All](https://www.reddit.com/r/wallstreetbets/comments/kz7ygv/gme_dd_one_dd_to_rule_them_one_dd_to_find_them/) - Jan 17 (amazing historical post!)
|
||||
|
||||
FfMCaR
|
||||
|
||||
[Anatomy of a Short Attack](https://www.reddit.com/r/Superstonk/comments/mo9a9f/anatomy_of_a_short_attack_written_2014/) - Apr 10
|
||||
|
||||
Introductory Adventure: Mystery at WallStreetBets (Lvl 1-5)
|
||||
|
||||
Encounter 1: The WTF in Late January
|
||||
|
||||
> *"That's not a squeeze, this (MOASS) is a squeeze!"*
|
||||
|
||||
*Whether you lived through it or arrived to the GME party fashionably late, this is a fascinating series of posts that read like a war journal written the week of the January blip. They also act as an introduction to technical analysis and the confusion people felt over how it all went down.*
|
||||
|
||||
jn_ku
|
||||
|
||||
[Gamestop Big Picture: The Short Singularity Part 1](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/) - Jan 26
|
||||
|
||||
[Gamestop Big Picture: The Short Singularity Part 2](https://www.reddit.com/r/investing/comments/l6xc8l/gamestop_big_picture_the_short_singularity_pt_2/) - Jan 28
|
||||
|
||||
[Gamestop Big Picture: The Short Singularity Part 3](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/) - Jan 29
|
||||
|
||||
[Gamestop Big Picture: Technical Recap 1/25-1/29](https://www.reddit.com/r/investing/comments/l8jwsl/gamestop_big_picture_technical_recap_125_129/) - Jan 30
|
||||
|
||||
Encounter 2: Gremlins in the Squeeze Engine
|
||||
|
||||
*We follow jn_ku over the next few weeks, as Gamestop spirals farther and farther away from technical analysis and everyone wonders, what's next? You can hear and feel the struggle that rational, technical traders felt regarding Gamestop during this period. The machine wasn't working, but they couldn't yet see the gremlins.*
|
||||
|
||||
*To be fair, it was hard to concentrate as the distant echo of millions of Apes bubbled up through the air ducts like drums...drums in the deep.*
|
||||
|
||||
*You can also see early evidence of shilling, or social attacks on and off Reddit, which* [will become one of the recurring enemies in this campaign](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/)*. Just like DFV, jn_ku suffers ridicule, shaming, and aggressive attempts to scare him off talking about GME at all. Here's his beautiful response:*
|
||||
|
||||
> I have to admit, I was conflicted about this, because the risk is very high, as I've always stated.
|
||||
>
|
||||
> That being said, I believe that participation in the market is one of the most important rights people should have, and equal participation in the market requires knowledge, transparency, and information. You are all free to make our own choices. Whatever others may say, You *will* make your own choices. At least we can try to help each other make those choices with the best information we have available.
|
||||
|
||||
*Fucking legend.*
|
||||
|
||||
*His persistence pays off, as he realizes early on that the MOASS is not only a dream, but a technical possibility. The Mother of All Short Squeezes is no macguffin, as the shills claim, but the priceless treasure that drives the entire campaign.*
|
||||
|
||||
*Of course, our heroes still do not know how much acquiring that treasure could change the world. That came later.*
|
||||
|
||||
jn_ku
|
||||
|
||||
[Gamestop Big Picture: Market Mechanics](https://www.reddit.com/r/investing/comments/l97jbo/gamestop_big_picture_market_mechanics/) - Jan 31
|
||||
|
||||
[Gamestop Big Picture: Theory, Strategy, Reality](https://www.reddit.com/r/investing/comments/lasgrh/gamestop_big_picture_theory_strategy_reality/) - Feb 2
|
||||
|
||||
[Gamestop Big Picture: Has the Game Stopped?](https://www.reddit.com/r/investing/comments/lbjzsn/gamestop_big_picture_has_the_game_stopped/) - Feb 3
|
||||
|
||||
[Gamestop Big Picture: Evolution of a Trade](https://www.reddit.com/r/investing/comments/lcc24v/gamestop_big_picture_evolution_of_a_trade/) - Feb 4
|
||||
|
||||
[Gamestop Big Picture: The Bigger Picture](https://www.reddit.com/r/investing/comments/leju1l/gamestop_big_picture_the_bigger_picture/) - Feb 7
|
||||
|
||||
[Gamestop Big Picture: Final Thoughts](https://www.reddit.com/r/investing/comments/ljo7cp/gamestop_big_picture_final_thoughts/) - Feb 14
|
||||
|
||||
*Finally, jn_ku lays out the five pillars of the MOASS from which much of the technical and cultural DD will follow. This guy is like the Dead Sea Scrolls of the Ape Bible.*
|
||||
|
||||
[Gamestop MOASS: No Tinfoil Required](https://www.reddit.com/user/jn_ku/comments/m4fnfg/gamestop_moass_no_tinfoil_hat_required/) - Mar 13
|
||||
|
||||
*With the MOASS a confirmed possibility, and armed with a treasure map in the form of technical analysis, our heroes set off to claim that which should have been theirs. But something seems off about the map. Lines and images shift as quickly as they are followed. Going up takes them down, in contrast to all normal market mechanics. They can never quite get where they are going.*
|
||||
|
||||
*They consult an oracle, who tells them to look for turmoil in other lands for a sense of what is coming.*
|
||||
|
||||
Tucker-French
|
||||
|
||||
[Detecting Squeezes Based on Regional Variance](https://www.reddit.com/r/GME/comments/lqrzau/detecting_squeezes_based_on_regional_variance_a/) - Feb 23
|
||||
|
||||
*And lo! They found much turmoil, and for the next two weeks the price of Gamestop rose sharply. It seemed the oracle was right and the squeeze was on!*
|
||||
|
||||
*Until, on March 10th, it all came crashing back down.*
|
||||
|
||||
*But how? And who was behind this shadowy manipulation? The Apes would spend the next months convening sages and wizards from different lands about this dark magic that should not exist.*
|
||||
|
||||
*What they found would change the way they see the world forever.*
|
||||
|
||||
Second Adventure: The Citadel on Loch Mihgn (Lvl 6-10)
|
||||
|
||||
*This adventure introduces the campaign's main villain, Citadel Securities, and uncovers the fuckery afoot in the treasure map.*
|
||||
|
||||
Adventure Background
|
||||
|
||||
*The Apes found themselves in a strange position throughout February. Those who held through the dip to $40 were granted the title* 💎🙌 *and, as individual investors, chose to repeat the* 💎🙌🦍 *Mantra*:
|
||||
|
||||
Buy. Hodl. The Shorts Must Cover.
|
||||
|
||||
*They still had no idea wen moon, though, and shills had infiltrated the community to its highest levels. Tensions were running high, as the technical picture still wasn't clear and the lines on the map just kept squirming. Fear, Uncertainty, and Doubt were on the rise.*
|
||||
|
||||
*In came an Ape with a particular set of skills, a master shill-hunter, to lend the Apes support and help them stay strong together.*
|
||||
|
||||
Blanderson_Snooper
|
||||
|
||||
[GME Apes: A Cultural Due Diligence](https://www.reddit.com/r/Superstonk/comments/nhx7f2/gme_apes_a_cultural_due_diligence_prequel_to_the/) - Mar 17
|
||||
|
||||
*The shill-hunter gave them this advice:*
|
||||
|
||||
> Since the hedgies' primary weapon is hidden information, they are trapped. To wield their weapon is to lose it, and to lose it guarantees defeat. The open, shared information of the Apes is the opposite. It is a weapon that appears weak in the face of institutional authority and lies, but at least it can be wielded. And if wielded long enough, it forces the other side to flee the battlefield or admit defeat.
|
||||
>
|
||||
> This is how the squeeze gets squoze.
|
||||
|
||||
*The Apes looked at the masterwork information they had gathered so far, and set out to enchant it with magical powers.*
|
||||
|
||||
Encounter 1: The Sages of Technical Analysis
|
||||
|
||||
*The Apes sought the Sages of Technical Analysis to add wrinkles to their very smooth brains. The first two sages they found were young and eager. Believing the MOASS to be at hand, they tried to teach the Apes how to individually unlock the MOASS treasure vault.*
|
||||
|
||||
WardenElite - [Exit Strategy (partial)](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) - Mar 7
|
||||
|
||||
NHNE - [Exit Strategy (partial)](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am) - Mar 8
|
||||
|
||||
*The Apes found this information confounding at the time, because no MOASS seemed to be appearing on the map. As they went on their way, they came upon a strange sight: a robust, white-haired sage emerging from an outhouse, still wiping his $ASS with a treasure map just like the ones the Apes were holding. They had found a master, and in his (clean) hand he held a book!*
|
||||
|
||||
HomeDepotHank69
|
||||
|
||||
[An Iliad of GME Technical Analysis and DD](https://www.reddit.com/r/wallstreetbets/comments/ma4oeo/an_illiad_of_gme_technical_analysis_and_dd/) - Mar 21
|
||||
|
||||
*Now this book was a trove of knowledge most certain, but it could only describe what was happening, not explain it. Hank farted as the Apes ooked and aaked, and neither was sure what to make of the other. As a parting gift, or just to get them to leave, Hank told the Apes where to find the Wizards of Data Discovery, who could decipher the various forms of fuckery afoot on the map.*
|
||||
|
||||
*The Apes sensed a lot of grinding and side quests ahead, and they weren't wrong. A list of new quests popped up on the Campaign Journal:*
|
||||
|
||||
- *How deep in the hole were the shorts?*
|
||||
|
||||
- *How were they manipulating the price in the face of constant Ape buying pressure?*
|
||||
|
||||
- *How long could they keep manipulating the price?*
|
||||
|
||||
- *Could the shorts win?*
|
||||
|
||||
*Before they could answer these questions, though, the enemy played a trump card. Shills infiltrated the moderation team of WallStreetBets and the Apes were forced to flee to the town of* [r/GME](https://www.reddit.com/r/GME/)*. There, for a time at least, they would be safe to research and HODL together.*
|
||||
|
||||
Encounter 2: The Wizards of Data Discovery and Analysis
|
||||
|
||||
*The Apes assembled the Data Wizards and each took on a quest, vowing to meet back at the Inn of the Last DFV Tweet in a few weeks' time. As soon as the Apes sent the wizards on their way, they began to ook and aak at memes until the front door of the inn SLAMMED open, revealing a bearded CannaBinoid wizard who bellowed, "Do you even know who you fight, you smoothbrained legion?!"*
|
||||
|
||||
atobitt
|
||||
|
||||
[Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) - Mar 13
|
||||
|
||||
[Blackrock Bagholders, Inc.](https://www.reddit.com/r/GME/comments/m7o7iy/blackrock_bagholders_inc/) - Mar 18
|
||||
|
||||
*"Good lord!" thought the Apes. "Our enemy is vast, and the game is much larger than we thought. We must know what the wizards have found!"*
|
||||
|
||||
broccaaa - [Why GME prices are Suppressed](https://www.reddit.com/r/GME/comments/m5k32p/why_current_gme_prices_are_suppressed_and_hedges/) - Mar 15
|
||||
|
||||
Lancerevo012 - [GME Turnover Rate is 93%](https://www.reddit.com/r/GME/comments/m6m8fw/gme_turnover_ratio_at_93_rocket_is_fueled_primed/) - Mar 16
|
||||
|
||||
animasoul - [Extremely Abnormal Negative Beta (shorts haven't covered)](https://www.reddit.com/r/Wallstreetbetsnew/comments/m6g8u4/extremely_abnormal_negative_beta_of_gme_evidence/) - Mar 16
|
||||
|
||||
PM_ME_YOUR_ZeU - [It's Not Just GME: Decades of FTDs Are About to Crash the Entire Market](https://www.reddit.com/r/GME/comments/mbiocm/it_isnt_just_gme_the_entire_stock_market_has_been/) - Mar 23
|
||||
|
||||
animasoul - [Mystery of the Negative beta Solved - HFs are leveraged to the tits](https://www.reddit.com/r/GME/comments/mcwu5m/mystery_of_the_negative_beta_solved_hfs_are/) - Mar 25
|
||||
|
||||
AlternativeNo2917 - [True Value of a GME Share is $7,300](https://www.reddit.com/r/GME/comments/me2dm1/true_value_of_a_gme_share_is_722783/) (and $10m is not a meme) - Mar 26
|
||||
|
||||
Unowned-Instruction - [SI is > %2000, GME is a $100 Trillion Bubble](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/) - Mar 28
|
||||
|
||||
broccaaa - [The naked shorting scam revealed](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) - Mar 30
|
||||
|
||||
dejf2 - [The SI% Is Fake](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) - Apr 1
|
||||
|
||||
*These investigations did wonders for the Apes' morale, as it became clear the hedge funds had no way out as long as the Apes never sold their shares. How long the game would go on was still anybody's guess, but the Apes were feeling good.*
|
||||
|
||||
*But wherever Apes party, shills lurk in the shadows.*
|
||||
|
||||
*One of the wizards had not yet returned, and the Apes were worried. Finally, dirty and bleeding, the missing wizard collapsed through the door.*
|
||||
|
||||
*"I was attacked by shills on the road outside town. They fear what I have to say. It's...it's..." he gasped as pain took over his senses.*
|
||||
|
||||
*"...worse than you thought?" Atobitt finished the unconscious man's sentence.*
|
||||
|
||||
Encounter 3: Investigating the Citadel
|
||||
|
||||
NorthBalance
|
||||
|
||||
[Citadel May Crash the Market Through Naked Shorting ETFs](https://www.reddit.com/r/GME/comments/md69vo/dd_why_gme_went_up_today_and_how_citadel_may/) - Mar 25
|
||||
|
||||
atobitt
|
||||
|
||||
[Walkin' and Talkin' Like a Duck: Citadel's Business Model is Fraud](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) - Apr 6
|
||||
|
||||
*Just then, one of the barmaids pulled a wand and a sword out from behind the bar and said, "Now that you know, I can't let you leave here alive." Shills sprang from every direction,* [r/GME](https://www.reddit.com/r/GME/) *was infiltrated just as WallStreetBets had been before. Was there no end to the Citadel's reach?*
|
||||
|
||||
*The Apes chose to flee once again, this time to the land of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *where they hoped they could decipher the map at last.*
|
||||
|
||||
(Note: atobitt's [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) from Mar 30 fits into the story here, but I have put it at the end in the Epic Level Adventure along with other things that veer away from pure GME analysis into something much deeper.)
|
||||
|
||||
Third Adventure: A Race for Time (Lvl 11-15)
|
||||
|
||||
Adventure Overview
|
||||
|
||||
*Having explored WallStreetBets and found a most curious treasure map, the Apes assembled the most wrinklebrained among them to try and decipher it. Each time they get close to finding the treasure, some foul market magic sends them back to the beginning.*
|
||||
|
||||
*A mysterious group called the FTD seems to be at the center of things, but they only emerge every few weeks for study. The nature of their magic is still unknown to the Sages and Wizards, who would be kept busy with these questions indefinitely.*
|
||||
|
||||
*At the same time, two new forms of analysis emerge during April and May, focusing on the evolving cultural and political environment surrounding GME. As Apes learned of the corruption they were facing, several questions began to emerge:*
|
||||
|
||||
- *Why is the SEC quiet on this?*
|
||||
|
||||
- *Why can we watch illegal activity on the ticker every day and nobody seems to care?*
|
||||
|
||||
- *How come Michael Burry deleted his Twitter after being visited by the SEC?*
|
||||
|
||||
- *Why are Ryan Cohen and Gamestop talking to Apes so much?*
|
||||
|
||||
- *How have we whittled the concept of 💎🙌 down to its simplest, most powerful form?*
|
||||
|
||||
- *How has our community made all the right choices along the way?*
|
||||
|
||||
*So the Apes called in yet more allies: the Bards of Bureaucracy, to unravel the mystery of the missing MOASS, and the Clerics of Culture to help forge Apes into diamond-minded FUD-killers as well as diamond hands.*
|
||||
|
||||
Encounter 1: The Bards of Bureaucracy
|
||||
|
||||
*These Apes started looking into a flurry of newly proposed and/or passed rules within the SEC, as well as the nomination of Gary Gensler to be its new chief, for clues as to why the price of the stock moved how it did. Apes were losing faith in technical analysis at this point because the stock never behaved as it should. While the sages and wizards investigated the hidden rules of the market, the bards took a trip to Washington D.C.*
|
||||
|
||||
c-digs - [Why Are We Trading Sideways? The Theory of Everything GME](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) - Apr 5
|
||||
|
||||
Beebsgaming - [The Latest Possible Date the Short Squeeze Can Start](https://www.reddit.com/user/BeebsGaming/comments/mnmynz/amc_gme_the_latest_possible_date_the_short/) - Apr 9
|
||||
|
||||
c-digs - [SR-OCC-2021-004: Why This Rule Change is Important and Possible Shell Games](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) - Apr 9
|
||||
|
||||
Makataui - [Critical Thinking (from a Psychology academic)](https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/) - Apr 18
|
||||
|
||||
c-digs - [Why We're Still Trading Sideways](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) - Apr 19
|
||||
|
||||
*What they found were a handful of rules that suggested it might be the government or long whales controlling the price rather than the shorts, or at the very least that it might be a tug-of-war between both parties.*
|
||||
|
||||
*At some point could the longs have taken control of the game? If so, for what purpose and were the shorts even still involved?*
|
||||
|
||||
*Enter the Clerics of Culture to assure Apes that the game was still afoot, and that they were winning.*
|
||||
|
||||
Encounter 2: The Clerics of Culture
|
||||
|
||||
*As time went on, it became clear to the Apes that they were under constant surveillance and attack. They had gained 50,000 members in a matter of days, many of whom were certainly shills hiding amongst them. Enter the Clerics to guide them to the end of the journey.*
|
||||
|
||||
Eff_RobinHood - [Predatory Human Behaviors and Counter-Tactics](https://www.reddit.com/r/GME/comments/m56sb3/my_professionalacademic_background_has_been_in) - Mar 14
|
||||
|
||||
ayyyybro - [A Running List of GME FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) - Apr 9
|
||||
|
||||
Jakob_Xavier - [COINTELPRO Techniques for Dilution, Misdirection, and Control](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) - Apr 16/20
|
||||
|
||||
Blanderson_Snooper - [The GME Wargame: A New Theory of Everything (My Final DD)](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) - Apr 22
|
||||
|
||||
Blanderson_Snooper - [The GME Wargame DD FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/myi3zb/the_gme_wargame_dd_faq/) - Apr 25
|
||||
|
||||
Pimmeltitte - [Ways Out of the Impatience Trap - A Psychological View](https://www.reddit.com/r/Superstonk/comments/n10kku/ways_out_of_the_impatience_trap_a_psychological/) - Apr 29
|
||||
|
||||
HomeDepotHank69 - [Helping You Understand Why MM/HF Would Take These Risks](https://www.reddit.com/r/Superstonk/comments/n42suk/hank_helping_you_understand_why_mmhfs_would_take/) - May 3
|
||||
|
||||
*At the same time, the wizards and sages had returned to fill Apes in on everything they had learned. The news was good, very good. Understanding the FTDs had led to the discovery of their mechanism for hiding them. Better still, that mechanism proved that not only had the shorts not covered, but that they had continued digging their hole every day since the January blip.*
|
||||
|
||||
augrr - [The Shell Game](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) - Apr 21
|
||||
|
||||
augrr - [The Shell Game Pt2](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) - Apr 22
|
||||
|
||||
ChefLambsauce1 - [Retail Easily Owns the Float](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) - Apr 23
|
||||
|
||||
TheCaptainCog - [Retail owns at absolute MINIMUM 138 million shares](https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/) - Apr 25
|
||||
|
||||
augrr - [The Shell Game Pt3](https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/) - Apr 25
|
||||
|
||||
dejf2 - [Put Anomalies Pt1](https://www.reddit.com/r/DDintoGME/comments/n0ee7j/put_anomalies_pt1_were_127_million_synthetic/) - Apr 26
|
||||
|
||||
eastrod - [A Method for Hiding FTD's with Useless Puts](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/) - Apr 28
|
||||
|
||||
broccaaa - [The naked shorting scam using ETFs](https://www.reddit.com/r/DDintoGME/comments/n1x75w/the_naked_shorting_scam_using_etfs_mass_shifting/) - Apr 30
|
||||
|
||||
HomeDepotHank69 - [Huge FTD Cycle Update](https://www.reddit.com/r/Superstonk/comments/n1wqlg/huge_ftd_cycle_dd_update_from_hank/) - Apr 30
|
||||
|
||||
Uncle Ziggy - [25 Reasons GME's Short Interest is High: A 6-Month Review](https://www.reddit.com/r/Superstonk/comments/n8lraz/25_reasons_why_gmes_shortinterest_is_high_a/) - May 9
|
||||
|
||||
Nice-Violinist-6395 - [Presenting the Big Four - A Citadel Shorting Algo Gone Wild](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/) - May 12
|
||||
|
||||
*Of course, with that news the Apes now shifted their attention once again to exit strategies and figuring out when the MOASS might occur using ALL of the knowledge they had gained. The Endgame was here...again.*
|
||||
|
||||
Fourth Adventure: To the MOASS and Beyond (Lvl 16-20)
|
||||
|
||||
*Superstonk's* [*non-monetized YouTube channel*](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) *has begun hosting live AMAs with journalists, lawyers, economists, activists, and fintech experts to discuss the GME situation. These have been valuable for clarifying and improving the Apes' information, and raising morale with seasoned reinforcements.*
|
||||
|
||||
*May has been all about the slow march to the MOASS, preparing for executing our individual exit strategies, and dreaming about the future. We aren't dancing, we are adamant. We are diamond hands and diamond minds.*
|
||||
|
||||
*Here's how Apes are gearing up for the final adventure.*
|
||||
|
||||
Encounter 1: Predicting the MOASS
|
||||
|
||||
WardenElite - [The Mother of All Wedges: An Endgame DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) - May 5
|
||||
|
||||
canhazreddit - [DTC Says No Margin Calls in Jan, i.e. Shorts Didn't Cover](https://www.reddit.com/r/Superstonk/comments/n6er77/holy_balls_from_the_dtcc_ceos_own_mouth_no_margin/) - May 6
|
||||
|
||||
Tucker-French - [Variance Update](https://www.reddit.com/user/Tucker-French/comments/n6ldp4/56_variance_update/) - (ignore his request to contact him.) - May 6
|
||||
|
||||
HomeDepotHank69 - [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/) - May 6
|
||||
|
||||
Criand - [Shorts are Entering the Danger Zone](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) - May 9
|
||||
|
||||
Leenixus - [FTD Cycle Reset Theory](https://www.reddit.com/r/Superstonk/comments/ne0a9n/theory_ftd_reset_cycles_whats_coming_next/) - May 16
|
||||
|
||||
jollyradar - [SI Was Already Greater Than 140% in January](https://www.reddit.com/r/Superstonk/comments/ndn2vt/some_of_you_may_not_be_aware_but_gme_had_ftds_all/) - May 16
|
||||
|
||||
Encounter 2: MOASS Preparation Resources
|
||||
|
||||
oaf_king - [Mental/Behavioral Preparation for a Short Squeeze](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/) - Mar 7
|
||||
|
||||
Limecandi - [Therapeutic techniques for managing during the MOASS](https://www.reddit.com/r/GME/comments/mdnohu/repost_therapeutic_techniques_for_managing_during) - Mar 26
|
||||
|
||||
franciscogil90 - [Anatomy of a Short Squeeze and Why No Ape Will Be a Bagholder](https://www.reddit.com/r/Superstonk/comments/mos6zf/anatomy_of_a_short_squeeze_and_why_no_ape_will_be) - Apr 11
|
||||
|
||||
Anonymous - [An Ape's guide to self-care and anxiety management](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/) - Apr 15
|
||||
|
||||
Blanderson_Snooper - [Compilation of MOASS and Exit Strategy DDs and Advice](https://www.reddit.com/r/DDintoGME/comments/n69qhp/compilation_of_moass_and_exit_strategy_dds_and/) - May 6
|
||||
|
||||
mrrippington - [Game Theory to Maximize Gains](https://www.reddit.com/r/Superstonk/comments/n6wcum/an_apes_primer_to_decision_making_game_theory_vs/) (more complex) - May 7
|
||||
|
||||
HomeDepotHank69 - [Hank Visits GME's Bermuda Triangle](https://www.reddit.com/r/Superstonk/comments/n9vyr4/hank_visits_gmes_bermuda_triangle_gone_sexual/) - May 11
|
||||
|
||||
2008UniGrad - [Moass Checklist R2](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) - May 12
|
||||
|
||||
floodmayhem - [A Little HODL Game Theory About Trust](https://www.reddit.com/r/Superstonk/comments/nhsbwt/a_little_hodl_game_theory_even_the_smooth_apes/) (simpler) - May 21
|
||||
|
||||
Magistricide - [The MOASS is Not a Straight Line Up: Don't Paperhand](https://www.reddit.com/r/Superstonk/comments/njd8au/the_moass_is_not_a_straight_line_up_do_not_paper/) - May 23
|
||||
|
||||
NHNE - [Total Exit Strategy Overview](https://www.reddit.com/r/Superstonk/comments/njrwwy/re_important_all_apes_need_to_read_this_to/) - May 23
|
||||
|
||||
Encounter 3: Post-MOASS Planning Resources
|
||||
|
||||
Soluna7827 - [Post-MOASS: Financial Advisors, Tax Attorneys, CPAs, & Wills](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/) - Apr 20
|
||||
|
||||
dodecaphonecism - [Attorneys and You: A Guide for the Newly Rich](https://www.reddit.com/r/Superstonk/comments/mzt5sm/attorneys_and_you_a_guide_to_the_newly_rich/) - Apr 27
|
||||
|
||||
DamsellinDistress - [Being Rich is Easy, Staying Rich Isn't - Harsh Truths](https://www.reddit.com/r/Superstonk/comments/n3wdy1/being_rich_is_easy_staying_rich_isnt_harsh_truths/) - May 3
|
||||
|
||||
Encounter 4: The Week of May 17-May 23: Is the End Near?
|
||||
|
||||
tombq - [Glacier Capital Reveals New Short Position in GME](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/) - May 17
|
||||
|
||||
AdNo8854 - [Theory: Citadel is Hiding FTDs/Puts in Shell Companies](https://www.reddit.com/r/Superstonk/comments/nf8nsd/theory_glacier_and_other_new_hfs_are_just_shells/) - May 18
|
||||
|
||||
daddysmemes - [In Regards to Glacier's Short Positions](https://www.reddit.com/r/Superstonk/comments/nf2kub/reposting_this_for_more_visibility_in_regards_to/) - May 18
|
||||
|
||||
Leenixus - [Are We In Runaway Train Mode?](https://www.reddit.com/r/Superstonk/comments/nf68lm/theory_are_we_already_in_runaway_train_mode_or_in/) - May 18
|
||||
|
||||
c-digs - [The Brakes Might Be Off This Week](https://www.reddit.com/r/Superstonk/comments/nfagu1/this_week_might_be_it_the_brakes_are_possibly/) - May 18
|
||||
|
||||
jale_vm - [Suspicious Activity on German Exchange 3 Days In a Row](https://www.reddit.com/r/Superstonk/comments/ngl441/suspicious_volume_in_german_stock_exchange_xetra/) - May 19
|
||||
|
||||
Blanderson_Snooper - [Wargame Theory II: Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/) - May 19
|
||||
|
||||
Criand - [ICC, DTC, OCC Rules Updates](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) - May 20
|
||||
|
||||
Existing-Reference53 - [SR-DTC-2021-005 Locked and Loaded](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) - May 20
|
||||
|
||||
nothingbuttherainsir - [Go/No-Go for Launch - The Rules Checklist](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) - May 20
|
||||
|
||||
HomeDepotHank69 - [Random Updates and Systemic Analysis](https://www.reddit.com/r/Superstonk/comments/nhs1wy/hank_returns_from_the_dead_and_takes_a_dump/) - May 21
|
||||
|
||||
BeebsGaming - [An AMC Theory of Everything](https://www.reddit.com/r/DDintoGME/comments/n21ml0/amc_and_gme_why_share_price_doesnt_matter_right/) - May 22 (Echoes/updates the GME Wargame Theory)
|
||||
|
||||
Themeloncalling - [Every Ape Gets Paid (and It Won't Ruin the Economy)](https://www.reddit.com/r/Superstonk/comments/nihl31/every_ape_gets_paid_a_look_at_the_numbers/) - May 22
|
||||
|
||||
- ChemicalFist - [Comment About Taxes on Every Ape Gets Paid](https://www.reddit.com/r/Superstonk/comments/nihl31/every_ape_gets_paid_a_look_at_the_numbers/gz1xa7v) - May 22
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
There we go, 100 DDs that tell the story, calm the mind, and shine a light on just a fraction of what we have been through and accomplished together.
|
||||
|
||||
For visual purposes I decided not to tag the individual authors, so if you think one of them would like to see this or you've been helped or moved by something written above, I encourage you to tag the authors in a comment below and thank them.
|
||||
|
||||
I finish typing this as I wait for the markets to open on what could be the greatest day of Apes' lives (Homer: "Greatest day SO FAR"), the beginning of the worst financial crisis in history, or some combination of both (May 24). Now I'm going to post this and join the rest of you. Maybe today's the day we decipher the map, if not there are more good days ahead.
|
||||
|
||||
I'll let Lou Reed close this out for me,
|
||||
|
||||
> Oh such a perfect day
|
||||
>
|
||||
> I'm glad I spent it with you
|
||||
>
|
||||
> Oh such a perfect day
|
||||
>
|
||||
> You just keep me hangin' on
|
||||
>
|
||||
> You just keep me hangin' on
|
||||
|
||||
With love and rockets,
|
||||
|
||||
Blanderson
|
||||
|
||||
💎🙌💎💓🦍🚀🚀🌜
|
||||
|
||||
Appendix A
|
||||
|
||||
Venture into the epic-level DD below if you want to see just how far this thing might go. By the time you read this, we may know the truth about all of this.
|
||||
|
||||
Epic Level Adventure: The Deepest Depths of DD
|
||||
|
||||
These DDs are not for the faint of heart, and go beyond what I consider to be strictly GME DD. They are about what the GME saga has revealed about the U.S. economy and stock market. It's the best investigative journalism on the subject, and will, IMO, be where future journalists start when they seek to understand what's to come.
|
||||
|
||||
Again, if you're here for GME DD, this section is, IMO, unnecessary unless you've read everything else and STILL wonder how the fuck we got here and where we might be going. Here ya go.
|
||||
|
||||
atobitt - [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) - Mar 30
|
||||
|
||||
sharkbaitlol - [Chaos Theory: The Final Connection](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) - Apr 6
|
||||
|
||||
JustBeingPunny - [SR-DTCC-2021-004, Dozens of New Netting Accounts, and the CMBS Crisis](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) - Apr 20
|
||||
|
||||
atobitt - [A House of Cards Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) - Apr 21
|
||||
|
||||
plants69 - [The Imminent Liquidity Crisis and Reverse Repos Usage](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/) - May 20
|
||||
|
||||
Criand - [DTC Preparing for Massive Defaults, Crypto May Keep Tanking](https://www.reddit.com/r/CryptoCurrency/comments/nj2quj/dtc_icc_occ_passed_rules_this_week_to_prepare_for/) - May 23
|
||||
|
||||
Freadom6 - [CEOs of Major Banks Testifying/Margin Debt at All-Time High](https://www.reddit.com/r/GME/comments/nj6iz0/ceos_of_major_banks_testifying_this_week_margin/) - May 23
|
156
DD/2021-05-29-Another-GME-DD-Dump-by-Hank.md
Normal file
156
DD/2021-05-29-Another-GME-DD-Dump-by-Hank.md
Normal file
@ -0,0 +1,156 @@
|
||||
Another GME DD dump from Hank
|
||||
=============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nnsfs6/another_gme_dd_dump_from_hank/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
********** I am not a financial advisor, this is not financial advice **********
|
||||
|
||||
Apes, I've recently gotten into comedy and wanted to test out some of my jokes on you:
|
||||
|
||||
Why did the chicken cross the road? Because my wife is fucking the mailman.
|
||||
|
||||
What's the difference between GME and my wife? GME doesn't have four boyfriends.
|
||||
|
||||
How many HFs does it take to screw in a lightbulb? Seriously guys my wife is a cheating whore.
|
||||
|
||||
What happens after you eat five bags of flaming hot cheetos? You take a dump.
|
||||
|
||||
And that brings me to my next point. DUMP. Yes, apes, this will be yet another DD dump. No main purpose or direction, just a few DD theories from your favorite guncle Hank. As always this is not financial advice and I am not a financial advisor.
|
||||
|
||||
[](https://preview.redd.it/j62o5z1nd3271.png?width=1280&format=png&auto=webp&s=3fadd49ed2199aecd9c01ac7b217ef553c17e13e)
|
||||
|
||||
Hankey the Christmas Poo for those of you who don't know
|
||||
|
||||
FTD cycle update
|
||||
|
||||
Alright everyone, so the FTD cycle theory was correct again for this period. For those of you who don't know/remember, this theory says that because of SEC FTD regulations, there is a predictable price and volume spilke every 21 trading days or 35 calendar days with about a +/- one day margin of error. If you look at the FTD cycle since september when it was only $10, the price each cycle is increasing exponentially as it is now over $200, which means that it is getting more and more expensive to stay in this game. Not gonna spend much time on this because I've covered it tons in my past DDs and many other apes are also getting into smaller FTD cycle research (which I love):
|
||||
|
||||
[](https://preview.redd.it/zfcmkgu0e3271.png?width=992&format=png&auto=webp&s=5eafc5606eff94d6cba24d8431f1b86b56ebf694)
|
||||
|
||||
In my opinion, this shows us something very important. First, it shows us that it is getting exponentially more expensive to stay in this game and that there should be a breaking point soon. Second, it shows that the media narrative that retail is the reason for this run up is flat out wrong. IMO retail stopped mass-buying GME in late January and has simply held and bought small amounts since then. This right now is all about institutions being forced to cover because retail continues to hold. It makes absolutely no sense that retail is just randomly deciding to buy GME in mass on absolutely no news every 21 trading days. This narrative makes sense because then they can blame us when it all blows up.
|
||||
|
||||
[](https://preview.redd.it/z68ruuskh3271.png?width=1252&format=png&auto=webp&s=e83db4f3f6313f9fdc367f5837e0ad3a2d689b16)
|
||||
|
||||
Midday spikes
|
||||
|
||||
Apes, this has been one of the most baffling things for me to research and it has taken a ridiculously long amount of time. As I've explained, I have noticed that GME has these midday spikes in positive volume and price. Here are the requisites for those spikes:
|
||||
|
||||
1. They occur between 11am - 2:30pm (any times before or after that cannot be counted becuase it could be due to early market high volumes or power hour volumes)
|
||||
|
||||
2. They are the highest, second highest, or third highest single minute volume candles for the whole day (usually the highest)
|
||||
|
||||
3. They occur on no news and preceeding and proceeding candles are always significantly lower than them.
|
||||
|
||||
Here is an example of one:
|
||||
|
||||
[](https://preview.redd.it/lf7an2osz2271.png?width=860&format=png&auto=webp&s=b7c852928a9c6543c79398ab6ca62e70ed56586c)
|
||||
|
||||
Just to show you how pervasive this is, I went to a random day and found this one on my first try
|
||||
|
||||
Here is an example of one that IS NOT one of these spikes:
|
||||
|
||||
[](https://preview.redd.it/83uq0evwz2271.png?width=968&format=png&auto=webp&s=55d830e91024a94a4e9d80f3839712e16f01152d)
|
||||
|
||||
Volume is far too low compared to other times in the day.
|
||||
|
||||
IMO it would be far too dificult to document literally every single one of these and run some data comparisons on it. However, after looking at many of these, here are my observations:
|
||||
|
||||
1. This DOES NOT happen to normal stocks, this is extremely weird
|
||||
|
||||
2. This DOES happen to stocks like AMC, EXPR, NOK, etc. but happens less frequently
|
||||
|
||||
3. These midday volume spikes have picked up drastically post-squeeze
|
||||
|
||||
4. The spikes also started to pick up after GME hit $10 in October 2020
|
||||
|
||||
5. The spikes increased progressively more throughout 2020 and up to the squeeze
|
||||
|
||||
6. The spikes have been going on since 2018ish and have been increasing more and more
|
||||
|
||||
7. The spike sometimes happen for a few days in a row but never more than three days in a row
|
||||
|
||||
8. There is typically a 1-4 day break in between spikes but never more than 5 days
|
||||
|
||||
9. The volume of these spikes (not price) has increased pretty regularly since 2020 but not consistently
|
||||
|
||||
What do I take away from all of this? I said in my last post that I think they are covering during these times. That would make sense because 11-2:30 is usually the lowest volume of the trading day, so they want to cover when they can be positive that a HFT wont swoop in and screw them over on the price. They also don't want their trades to give the stock momentum during high volume times because that could cause a price spike.
|
||||
|
||||
If you all rememeber that big beautiful FTD squeeze DD doc (I think it's from this website <https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf> which is now defunct) they say that the GME shorting likely happened in 2017 or 2018 when they took on some debt and it was likely that they would default in 2020. Why did these midday spikes start increasing more in 2020? I'm guessing that the shorts piled on more naked shorts between March-May (when GME hit its all time lows) because they thought that it was going to go bankrupt because of covid. Once it got above $10, their positions got more and more expensive, so these midday FTD covers happened more and more. Now these midday covers seem like a mainstay, which IMO indicates that they are indeed fucked in their short positions.
|
||||
|
||||
Sadly, there is far too much data for me to codify and find significance; however, I have done enough observations that I'm pretty confident my above findings are correct. So IMO, it appears that this is what we are looking at in terms of the FTD cycle:
|
||||
|
||||
[](https://preview.redd.it/642523aw23271.png?width=1260&format=png&auto=webp&s=027d9261966882914a4e5c24065c00d8ee6bd898)
|
||||
|
||||
So within our giant 21 day FTD cycle we have these other cycle occuring as well (the smaller the shape, the more frequently it happens, but the more frequently it happens the smaller and less noticable it is). Again this is just a theory / my opinion but what this means is that because the shorts have such a giant short position that's too big for them to unravel (they financially cannot do it), there are predictable days and times where they have to cover based on SEC regulations. Now, this is not an invitation to try to predict these times and profit off of them, that's stupid and will probably lose you money (not financial advice). However, the fact that some retard named hank can find this simply by using trading chart patterns, a calendar, and SEC rules, shows that they are indeed in too deep.
|
||||
|
||||
What's the best part about all of this? Well, it's increasing at an exponential rate meaning it's getting exponentially more and more expensive for them to keep this shit up (see one of my previous posts for proof of exponential increase as this recent FTD cycle increase only adds to that). AGAIN, this, unlike my other FTD posts, is not based on concrete data, it is based on my observations when doing back testing. However, because I did many hours of back testing, I am confident that these observations are accurate. If someone does some kind of data collection on this, WOW you really are a god becuase that would be the most time consuming thing ever, but I think that based on what I've observed, my findings are correct.
|
||||
|
||||
One genius-retard, [u/startanks](https://www.reddit.com/u/startanks/), sent me this message a week ago and it has been giving me wet dreams ever since:
|
||||
|
||||
"Current regulations forces market makers to have their net capital requirements positive, which they check once a day at 1pm est. Therefore it is most likely shorts, as you said, buying back stock so their net cspital stays positive for the day. This is what dtcc-002 is trying to change. To add to your discussion of the spikes around 2pm everyday - Reverse Repos have same day maturity date that closes ~1:15-2pm everyday."
|
||||
|
||||
This, IMO, is fucking genius and gives even more credence to the DD coming out of this sub about the repo market. Apes, I have been a bull my entire life. I legit drink bull semen. But holy fuck, this market is making me a 🌈🐻. IMO, the market is over-leveraged, the market is pricing things like the recovery happened 6 months ago, banks and institutions did some shady-overleveraged shit with the SLR releif and other easings of restrictions during covid, inflation is likely to happen, the repo market is absolutely fucked, etc. etc. etc. I could literally write a giant DD on why I think that there is going to be a serious correction soon (not financial advice) - don't ask me to do this though - I am focused on GME and nothing else. I think this is why Burry shorted TSLA. I think that he has the same thesis as I do, but he thought that growth stocks would be hit the hardest during a correction. So his bet against TSLA is really just a bet against the market that uses TSLA as further leverage. If the market corrects it is likely that HFs will be forced to liquidate their GME positions. Like I said in my other post, we should not be praying for a market crash because that destroys lives. Instead, we should be grateful for the fact that we seem to have found a way to profit off of it at the expense of those who created it. Does GME benefit from a market correction or does it cause a market correction? Who knows.
|
||||
|
||||
[](https://preview.redd.it/6aehjy8pg3271.png?width=1102&format=png&auto=webp&s=79c0e339113e137ebe0e27b0bf212f944f75afd8)
|
||||
|
||||
Earnings and annual meeting
|
||||
|
||||
You might have noticed that the very first chart in this post shows a consolidation pattern (red lines) that converge on earnings. I also covered this in a previous post. It appears that we have broken that trend. IMO, as I said in my post recent post, there is a good chance that this was simply to make apes think that the squeeze is over so that we sell before the annual meeting. IMO, I think that the annual meeting will be a slam fucking dunk. It will probably be the start of the squeeze (i.e. the catalyst that gets it going) but will probably not be the squeeze itself. Essentially, the annual meeting, IMO, will show us whether the MOASS will be a January-style squeeze (rapid and short) or a TSLA-type squeeze (slow and long).
|
||||
|
||||
The reason I think it will be the start is because of the lack of information that we've been given about GME from leadership in the past few weeks and their incentive to have a good meeting. We've seen teasers (NFT thing) and RC tweets (btw there's no doubt in my mind that he reads through GME reddit posts and is on our side because you don't tweet like that if you're not. He's just being vague so he doesn't get investigated) that all point to a huge announcement. Could it be a CEO, a crypto dividend, notice that there are more votes than shares, NFT stuff, etc.? Either way, I think there will be an announcement there that kicks off the squeeze. More importantly, I think that it will gives whales a good entry point. Here's why:
|
||||
|
||||
I am going to use the example of George Soros' genius British pound trade (you can watch literally a billion Youtube videos on this). George soros made one of the greatest trades in history by shorting the British Pound. Essentially, he saw the British Central Bank doing dumb things that were going to devaule the currency and he saw technical weakness as well. He knew he was going to do this trade and knew why, however, he first needed some kind of news event or catalyst so that he could enter the trade so that others would join in. Essentially, Soros took a huge short position after some only slightly negative news about the Pound and it tanked. This made the rest of the market think that everyone was bearish, so it created a panic (after hours I may add so the volume was easily affected). People didn't realize that it was just one man doing this until it was far too late. (This is a metaphor for what I believe will happen to GME, George Soros is not involved in GME in any way - do not put your tin foil hat on).
|
||||
|
||||
I theorize that there is a long whale or several long whales waiting to pounce on GME for this exact reason. Whoever they are they have been consolidating GME's price for the past few months. I don't even think it's to lower IV anymore to set up a gamma squeeze. I know fully believe that whoever is doing this is trying to tame GME's price and will then pounce on it once there is appropriate news. Why? If the long whale just did this on no news the market wouldn't pounce on and be like "oh shit positive news, market loves GME" it would just be like "oh great more gamestop shit, it's retail again and it's gonna go away, I'm not getting in on this." Instead, if there's news and an influx of buying, the market might perceive that as "oh shit this news was way better than I thought I gotta get in. This is actually a fundamentally good opportunity." It doesn't matter if this is short or long term buying because once the price gets sufficiently high, the shorts get a call from marge. Again, this is all just a theory. However, RC tweet seems to confirm this as it says its coming back from the dead
|
||||
|
||||
If you have FUD, I would direct you to see my previous posts where I address FUD, but just to add some more. Remember all of the things that aren't normal about GME. Remember that DFV doubled down. Remember that we have more evidence of a squeeze happening than the people pre January did... and they didn't have a previous squeeze to compare to. Imagine how crazy people mustve thought they sounded, "you think it's gonna squeeze past $300? yeah ok." Then it happened. If they can hold with less evidence, fewer apes, and no previous squeeze to compare to, then yeah I FUCKING CAN TOO. (Not financial advice).
|
||||
|
||||
[](https://preview.redd.it/0lt1ep8mh3271.png?width=1190&format=png&auto=webp&s=9469b4104c46247cc21a335218b07c48c177f585)
|
||||
|
||||
Crypto and the FTD cycle
|
||||
|
||||
A few sexy apes have sent me some messages about crypto and GME. At first I thought this was bullshit but after doing some research, there seems to be something there. Every single FTD cycle is the lowest point that BTC gets (i.e. it decreases up to that day but doesn't decrease on that actual day by much then it goes back up). This got me thinking more about crypto and GME. Just like with GME's FTD cycle, when you see a repeating pattern like this in BTC (especially because it's so unregulated and easily manipulated) it's probably not a coincidence. What I think could be going on is that shorts are storing liquid cash in BTC in an attempt to hide their cash positions for disclosure/filing purposes. They are then liquidating those positions in the days preceeding the FTD cycle so they can pay for it. Notice how BTC climbs up the next few days after every FTD cycle? I still think there's something more going on here, however, because IMO it doesn't make sense to store cash in such a volatile asset, so if anyone has more ideas please send them my way:
|
||||
|
||||
[](https://preview.redd.it/5jrxoslbw2271.png?width=1900&format=png&auto=webp&s=f27bdbd05a28f3c9a646fa0a21dc86cc1ed920de)
|
||||
|
||||
Sorry about all the crazy dots and stuff those are my tard indicators. The red lines are FTD cycle days. Notice how there isn't a discerable up or down day on those dates. However, before each of those dates, BTC drops precipitously a few days prior. Like I said, that makes me think that HFs are storing capital in BTC (for whatever reason) and are liquidating it a few days prior to pay for the FTD cycle. Why was this recent BTC drop particularly bad? Well, it's because this FTD cycle was extremely more expensive AND there was horrible BTC news (elon tweets and investigations for one of the exchanges). Again, I think there's something else that I'm missing here, so if anyone has any ideas please send them my way or make your own DD!
|
||||
|
||||
Here is perhaps the most interesting thing that I've seen all week. A genius-retard by the name of [u/pleasantlyunbothered](https://www.reddit.com/u/pleasantlyunbothered/) (great name btw) sent me some information on a unique type of crypto that may have some relation to GME. This ape brought to my attention something called Saffron Finance, which "is designed to pool lioquidity to ease pressure off of over leveraged investors." So, I went on it's chart and marked the FTD cycle dates and circled days where GME had significant price dips:
|
||||
|
||||
[](https://preview.redd.it/5hprzpt2a3271.png?width=1930&format=png&auto=webp&s=ac9fdc266ac1f4fddf6c63d27e0d83372ad6407a)
|
||||
|
||||
It's not entirely clear if there is a correlation; however, it seems obvious, IMO that this concept (a place to ease liquidity troubles for overleveraged investors) could be a safe-haven for someone trying to hide a short position or hide capital to be used for short attacks. I am not saying anything definitive here and definitely need to do more research on this coin but it is something interesting to think about and again excellent find by the user who sent this to me.
|
||||
|
||||
AMC
|
||||
|
||||
I am now going to adress AMC. I've heard a lot of talk on here about how AMC is a distrction from GME or how anyone talking about AMC is a shill or how AMC is a HF ploy. What I'm about to say may make some of you mad but it needs to be said: stop fucking saying that because it's untrue, it makes us look jealous, it divides retail, and it makes us look like conspiracy theorists. Before I go further, let me first say that I have no position in AMC and am all in on GME. I think that GME is the better stock and has millions of times more potential than AMC.
|
||||
|
||||
If you look at my previous post where I discuss how there's a group of stocks that all have a similar pattern to GME (AMC, NOK, EXPR, KOSS, etc.), you will see that AMC is one of them. These stocks have a remarkably similar pattern and all seem to have started around may 2020. In that post, I go into how I think that HFs shorted all of these in concert because they expect covid to destroy them. When the market picked up, they got shafted on these bets, so they unravelled together. I said that GME was probably shorted the most and the best news happened to it, so that's why it shot up the most. Moreover, it is impossible for someone to be able to make a series of stocks behave in the exact same pattern for such a long period of time - it is the result of them being similarly shorted and SEC rules requiring similar coverages. Moreover, it makes absolutely no sense for a fund to pump up a stock that is already heavily shorted for the purpose of distracting from GME. Why would they spend their money on that when they could just short GME? It's clearly the result of an FTD cycle similar to GME (I mean GME did rise pretty significantly this week as well).
|
||||
|
||||
The thing that I keep seeing are these posts on days that AMC rises more than GME saying "if you talk about AMC, I'll report and downvote you." ARE YOU KIDDING ME? We should be saying "look at AMC, this shows us that the FTD cycle and naked shorting are happening to yet another GME-related stock. This is further evidence for our theory!"
|
||||
|
||||
So, please PLEASE stop saying that bullshit about AMC being a ploy to make us forget about GME. That is illogical, makes us look like conspiracy theorists, divides retail, and makes us look jealous. Do you realize that the fact that GME and AMC are rising in concert is further evidence that we are correct about all of this? It shows that HFs are being forced to cover on specific dates. If GME and AMC went up and down separately then the media would probably be correct about retail just buying in at random times, but this rise in concert gives us proof that they did the same thing with AMC that they did to GME (but to a lesser extent). So again, we should not be hostile to AMC - it is bad for us. Again, I do not have a position in AMC and think that GME is a better stock by miles (not financial advice). We should use the AMC run up as FURTHER PROOF that the FTD cycle theory and naked short theories are correct - we should not be saying that it's a distraction. To add to that, I've long said that if AMC squeezes first, I'd bet that people will use their profits on AMC to join GME.
|
||||
|
||||
We are all apes, we all have the same thesis about our respective stocks, and we are all fighting the same enemy - so let's not divide retail with this anti-AMC nonsense.
|
||||
|
||||
Before you message me, dont ask my thoughts on AMC. I am all in on GME because I like it better than AMC, so I will not be giving my thoughts on that stock, I just wanted to adress that point becuase I've been seeing it a lot.
|
||||
|
||||
Messages
|
||||
|
||||
Finally, I just wanted to adress my messages. As I have said, my inbox is always open and I try to answer every question. Just a warning though, if you want to message me, do it through my PMs (DMs). My posts get a lot of awards and activity so it's much harder for me to see regular messages because they get lopped in with award notifications, so if you want to reach me I'd recommend PMs. I'd say my response rate to PMs is probably 95% or so, but my regular message response rate is probably only like 50%. Finally, please do not message me about price floors, "thoughts on GME for the week," financial advice, selling advice, predictions, etc. as I will not be responding to these. If you have some information you'd like to share, I'd be happy to discuss it or if you have a question like "what is a gamma squeeze" I will probably answer it. But please do not ask me any questions about financial advice and the like as I will not be responding to those. To those of you who send me information, however, thank you so much. Many of you are often inspirations for my DDs and often contribute legitimate points to my DDs.
|
||||
|
||||
Closing thots
|
||||
|
||||
Apes, I, like many of you, feel that something is coming. The price action alone says enough but the information surrounding it says even more. As I said in my most recent warning post, be ready for some absolutely crazy price action in the coming weeks. I'm not sure when I'll be posting again but I hope that it will be soon. I will not be posting just for the fuck of it, I will be posting when I have something to say, so hopefully that will be within a week or two. Many of my very close followers saw that I put out a message saying I was thinking of expanding to another platform. You all overwhelmingly said YouTube. I am not sure when I will be doing this but I think it's a great idea and am going to make a plan to expand sometime in the future (probably not the near future but sometime in the future). As always,
|
||||
|
||||
Stay strong, apes.
|
||||
|
||||
********** I am not a financial advisor, this is not financial advice **********
|
||||
|
||||
EDIT: I did not want this post to be about AMC but so many people have messaged me about it so I had to make this edit. It makes absolutely zero sense for a fund to spend money on AMC for the sole purpose of making apes transfer over to AMC when they could be spending that money on shorting GME. If you think that AMC doubled this week because of FUD and misinformation and not institutions buying in then you don't understand how markets work. No stock doubles in a week without it being because of institutional buying. Retail has power but has been holding for months, so it was not retail. If it was retail, then wouldn't we have seen a drop in GME due to apes selling GME to buy AMC? Instead, we saw both increases. It's the result of two stocks being the victims of naked shorting. I absolutely love this sub more than anything and it kills me to see this kind of illogical, confirmation bias from some of you. Again, I do not have an AMC position and think that GME is infinitely better than AMC but we need to stop with this rhetoric because it's not helpful.
|
@ -0,0 +1,324 @@
|
||||
[1/3] The Ultimate DD guide to the moon!!. Crazy Melon
|
||||
======================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/sydneyfriendlycub](https://www.reddit.com/user/sydneyfriendlycub/) | [Reddit](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) |
|
||||
|
||||
---
|
||||
|
||||
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
Hey everyone!!! It's the crazy 🍉🍉🍉🍉 here!
|
||||
|
||||
In this posts (3 Parts) you will find my hypothesis of the entirety of Shitadel and friends Fuckery (Ken Griffin fully exposed!!).
|
||||
|
||||
Please make sure you read all 3 posts to fully understand and connect all the dots.
|
||||
|
||||
Will also explain GME situation and possible predictions of what's going to happen.
|
||||
|
||||
BUCKLE UP!!
|
||||
|
||||
This DD is fully connected and logical, due to the limited information provided to the public, I'll ask you to wear your Tin Hat time to time, take everything with a grain of salt and do your own research
|
||||
|
||||
I would love some feedback! If I'm wrong please correct me in a very nice and respectful way.
|
||||
|
||||
If this reading is too much, just BUY AND HODL!!!!
|
||||
|
||||
THIS IS FOR YOU MY APES!! None of this is financial advice. I'm a retarded ape playing with crayons and keys.
|
||||
|
||||
---------------------------------
|
||||
|
||||
Click on the links to go to PART 2 and 3
|
||||
|
||||
CONTENTS:
|
||||
|
||||
PART 1
|
||||
|
||||
- US DOLLAR BACKING
|
||||
|
||||
- OVERVIEW OF KENNY'S/SHITADEL'S FUCKERY EXPOSED!
|
||||
|
||||
- HOW IS KENNY WASHING THE MONEY?
|
||||
|
||||
- TRUST BONDS: The basket of bonds INFITINE MONEY GLITCH!!!
|
||||
|
||||
- BIG BANKS ARE HOLDINGS COMPANIES???? WHAT IS THAT?
|
||||
|
||||
[PART 2](https://www.reddit.com/r/GME/comments/n2hhhn/23_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
- HOW AND WHY TO BANKRUPT COMPANIES
|
||||
|
||||
- QUICK RECAP MIXING GME IN:
|
||||
|
||||
- THE MASSIVE REAL ESTATE SCAM!
|
||||
|
||||
- KENNY SCAMMING AROUND THE WORLD
|
||||
|
||||
- WHAT HAPPENS AFTER THE COMPANY GOES BANKRUPT??
|
||||
|
||||
- THE PANDEMIC STIMULUS: The beginning of the end of Kenny
|
||||
|
||||
- KENNY'S FUCK UP!!
|
||||
|
||||
[PART 3](https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
- THE ENDGAME: INEVITABLE! NO FUD
|
||||
|
||||
- SUMMARY
|
||||
|
||||
- TL;DR1:
|
||||
|
||||
- BURRY CONCERN: HYPERINFLATION
|
||||
|
||||
- LIBOR to SOFR
|
||||
|
||||
- TL;DR2 :
|
||||
|
||||
---------------------------
|
||||
|
||||
US DOLLAR BACKING
|
||||
|
||||
The US dollar backing system has changed from gold to oil and finally to [fiat](https://www.investopedia.com/terms/f/fiatmoney.asp).
|
||||
|
||||
Basically means the Federal Reserve can print "an almost unlimited amount of dollars" and they've been doing exactly that! 1/5th of the total dollars ever minted in the history of the US have been printed in the last year and a half. All that liquidity has been used by Kenny as part of his strategy.
|
||||
|
||||
---------------------------
|
||||
|
||||
OVERVIEW OF KENNY'S/SHITADEL'S FUCKERY EXPOSED!
|
||||
|
||||
More details and explanation of everything will be found as you keep reading!!
|
||||
|
||||
First we start with their relationship with retail brokerages (Us Ape GME owners), then we move on to even shadier things:
|
||||
|
||||
Retail brokerages send money/order flow to Citadel MM (Market Maker)
|
||||
|
||||
Shitadel take the money, buys the shares mainly through home mortgage and auto loan-funded/related ETFs (so it doesn't reflect positively on the price) then sell them through the main exchanges (the price is affected by a sell and tanks)
|
||||
|
||||
Kenny doesn't deliver the share to the broker/retail (the retail receives an IOU) and instead he borrows the share and sells it again on the main exchange to short (tanking the price again).
|
||||
|
||||
Kenny will use the same share and recycle it (borrowing and selling) many times creating multiple IOUs to brokers/retail (with one share sometimes producing 9-10 IOUs) My wild dreams say is 2000% the SI. That's just my crazy me, time will tell.
|
||||
|
||||
At the same time while shorting they will (Shitadel) [creates their own trust bonds](https://www.wiredupreport.com/2021/03/16/viral/citadel-issued-600m-worth-of-bbb-rated-bonds/) and ties those fake shares to those trust bonds as collateral, sells them (whoever buys this bonds hold the garbage), and gets a shit ton of money (remember, fake shares money).
|
||||
|
||||
THIS IS HIS INFINITE MONEY GLITCH AND SHITADEL SOURCE OF LIQUIDITY FOR EVERYTHING!!
|
||||
|
||||
I will explain more about this later on!!
|
||||
|
||||
Now Shitadel has a stupid amount of money, and what he needs to do? HE NEEDS TO WASH IT TO MAKE IT LEGITIMATE!!!
|
||||
|
||||
-------------------------
|
||||
|
||||
HOW IS KENNY WASHING THE MONEY?
|
||||
|
||||
With that money he is most likely doing shady things, in order to wash it and make it "LEGIT":
|
||||
|
||||
He might be using more methods but this are the ones I caught him off guard so far, I think we all have seen his fuckery!!
|
||||
|
||||
METHOD #1: buy real shares (a bit for themselves and also transactions from the brokers and MM, order flow).
|
||||
|
||||
They buy real shares to keep creating naked shares from them and recycling them to keep the machine running over and over.
|
||||
|
||||
They make transactions with other brokers and charge fees for that, making money for the books. Also the good old payment for order flow PFOF system RH loves.
|
||||
|
||||
Making money and also using it to wash the empty fake trust bonds (sometimes partially empty), that's where the money is for him!!
|
||||
|
||||
They're not just shorting GME, they short tons of other companies as well. Those shorts need to seem legitimate and have real money backing them up (trust bond money) so no margin call happens if the SEC comes looking. Real money backing it so it's "ALL LEGAL AND LEGITIMATE"
|
||||
|
||||
You know the drill! Boom Money Washed!
|
||||
|
||||
METHOD #2: Betting in the company knowing the result (manipulate the performance and outcome).
|
||||
|
||||
Bet on the companies performance (not only short betting, but also making calls and manipulating it up and down)
|
||||
|
||||
It's easy to bet if you can manipulate the outcome right?
|
||||
|
||||
Nice casino Kenny! Boom Money Washed!
|
||||
|
||||
METHOD #3: Move the money overseas by funding overseas companies
|
||||
|
||||
Fund companies overseas (together with other bank friends) and receive assets or Treasury bonds strips (T-bonds) as collateral (countries overseas have T-bonds to use as collateral for money) with interest rates of about 12%+!! Boom Money Washed!
|
||||
|
||||
He's making money on both sides of the trade, when giving the money he is making huge $$ in conversion exchange rates and fees, as well as when receiving the Collateral $$ for fees and exchange rates when it applies. Boom! *this money is legitimate now!*
|
||||
|
||||
<https://sec.report/Document/0001752724-21-087103/>
|
||||
|
||||
METHOD 4: Scoop all the real estate from bankrupted companies
|
||||
|
||||
[Scoop up all the real estate and assets](https://www.forbes.com/sites/amydobson/2019/09/19/billionaire-ken-griffin-adds-99-million-purchase-to-massive-real-estate-portfolio/amp/) that are left behind when the companies are bankrupt, buying the retail dirt cheap. That's why Kenny targets brick and mortar, imagine GME stores closing and Kenny buying those properties for pennies.
|
||||
|
||||
With real estate the scam is even bigger! I'll explain more after!
|
||||
|
||||
Boom Money Washed!
|
||||
|
||||
METHOD 5: Buy real estate and assets (art, gold and other tangibles)
|
||||
|
||||
With the real money made by selling his trust bonds, buy expensive houses
|
||||
|
||||
<https://www.google.com/amp/s/www.businessinsider.com/ken-griffin-most-expensive-home-ever-sold-us-nyc-penthouse-2019-1%3famp>
|
||||
|
||||
Expensive art
|
||||
|
||||
<https://www.google.com/amp/s/www.cnbc.com/amp/2016/02/18/ken-griffin-spent-500-million-on-two-paintings-sources.html>
|
||||
|
||||
And any other valuable asset you could imagine to try to wash his money and make it legitimate!
|
||||
|
||||
With real estate the scam is huge, check this link up!
|
||||
|
||||
<https://news.utexas.edu/2020/12/03/lending-fraud-could-wreck-economy-again/>
|
||||
|
||||
Means he can get loans and allocate his TRUST BONDS (derivates) as collateral instead of buying the real estate with money! So the banks are getting SHIT TRUST BONDS in exchange of houses and real estate!!
|
||||
|
||||
Omfg!!!! ANOTHER HOUSING MARKET BUBBLE!!!! Boom Money Washed!
|
||||
|
||||
I'll explain a bit more about those TRUST BONDS SOON! Very important
|
||||
|
||||
METHOD 6: He's buying the competition!!
|
||||
|
||||
[They use part of that money to buy other Market Makers](https://www.thetradenews.com/citadel-securities-expands-trading-floor-unit-at-nyse-with-imc-takeover/)!!! So they buy the actual stock floor!
|
||||
|
||||
Buy out the competition!
|
||||
|
||||
Right after they bought IMC, [they sued The SEC for approving a new "D-limit" order type for IEX](https://i.imgur.com/h2QMqV3.png).
|
||||
|
||||
Boom Money Washed!
|
||||
|
||||
METHOD 7: Buy Treasury (bills, notes and bonds) mostly those juicy 10 years notes!
|
||||
|
||||
The buy Treasuries (especially 10 years notes) to wash the money and have leverage, leverage for what? They are shorting the treasury too! So counter leverage... YIKES!
|
||||
|
||||
Boom Money Washed!
|
||||
|
||||
METHOD 8: Short the Treasury!!
|
||||
|
||||
[Using part of that money to short the government bonds](https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/) (especially 10 Year Treasury bonds) knowing about a highly probably hyperinflation caused by the federal reserve printing too much money, the stimulus and other factors.
|
||||
|
||||
They counter the leverage by having T-bonds and T-notes of the ones they bought and also the collateral when lending money to other countries.
|
||||
|
||||
Refer to "The Everything Short" by [u/atobitt](https://www.reddit.com/u/atobitt/).
|
||||
|
||||
[https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf)
|
||||
|
||||
Additionally, he's shorting treasury T-bonds and T-notes because he expects a lack of solvency on the part of the Federal Reserve.
|
||||
|
||||
<https://www.reuters.com/article/us-usa-bonds-pricing-idUSKBN2342VN>
|
||||
|
||||
Boom Money Washed!
|
||||
|
||||
Read this bit about bonds (taken from the linkl bellow):
|
||||
|
||||
However, government-backed bonds, particularly those in emerging markets, can carry risks that include country risk, political risk, and central-bank risk, including whether the banking system is solvent. Investors saw a bleak reminder of how risky some government bonds can be during the Asian financial crisis of 1997 and 1998. During this crisis, several Asian nations were forced to devalue their currency which sent reverberations around the globe. The crisis even caused Russia to default on its debt.
|
||||
|
||||
<https://www.investopedia.com/terms/g/government-bond.asp>
|
||||
|
||||
About all this... Michael Burry has been warning us about a possible hyperinflation, all this will be explained LATER ON!!
|
||||
|
||||
I'm going to break down each one of Kenny strategies as we go in the post.
|
||||
|
||||
--------------------------------------------------------------------------------
|
||||
|
||||
TRUST BONDS: The basket of bonds INFITINE MONEY GLITCH!!!
|
||||
|
||||
First of all let me stress how important this is!
|
||||
|
||||
THIS IS KENNY MAIN SOURCE OF CASH (LIQUIDITY), with this he's able to do all kinds of fuckery from shorting, to all the washing methods above (Ill explain more with sources as we move forward).
|
||||
|
||||
They love shorting because they love producing naked shares to fill up the juicy [TRUST BONDS](https://www.investopedia.com/terms/c/collateraltrustbond.asp#:~:text=A%20collateral%20trust%20bond%20is,pay%20the%20bondholder%2C%20if%20necessary) and get more and more cash for liquidity and fukery!!
|
||||
|
||||
So what's inside those TRUST BONDS?
|
||||
|
||||
"A collateral trust bond is a bond that is secured by a financial asset such as stock or other bonds"
|
||||
|
||||
WAIT WHAT???
|
||||
|
||||
So you telling me that Kenny is not only able to put his NAKED SHARES inside this basket called TRUST BONDS and pack it to sell, but that he can PUT TRUST BONDS INSIDE OTHER TRUST BONDS?
|
||||
|
||||
This is the pyramid and biggest PONZI SCHEME!!!!
|
||||
|
||||
Hear me out:
|
||||
|
||||
They have been shorting many businesses and also buying some long positions in many other businesses (I read somewhere and I cant find the source that Citadel controls 26% (according to the senate in the hearing) of the market). Thank you for the comment [u/citadelsecuritiesLLC](https://www.reddit.com/u/citadelsecuritiesLLC/)
|
||||
|
||||
So this means that they can grab a basket (TRUST BOND) and filling it up with half "good solid long positions"(lets say aple, tesla, amazon) and half GME naked made up shares!!, close the basket and sell it!. Thats a 50% Good old TRUST BOND from citadel.
|
||||
|
||||
HOLY ACTUAL FU%^CK!! Are you serious??
|
||||
|
||||
Gets worse!!
|
||||
|
||||
So you telling me that you can fill bonds with other bonds? That's tranching and creating the pyramid of shit underneath!
|
||||
|
||||
THIS IS THE BIG SHORT ALL OVER AGAIN!!
|
||||
|
||||
The first baskets full with the Good nice long positions and real shorts go first! like the AAA in the movie?
|
||||
|
||||
The last baskets are going be filled with not only GME naked shorts, but with a MIX OF ALL THE OTHER COMPANIES THEY ARE SHORTING INCLUDING TESLA, AMAZON and you name to give them a better rating and price, BUT THEY ARE COMPLETELY FULL OF NOTHING INSIDE!! those ones are the equivalent of the BBB LIKE IN THE BIG SHORT!!!
|
||||
|
||||
Come on! is this HAPPENING AGAIN, are you serious?????
|
||||
|
||||
WHEN IS THIS PEOPLE GOING TO LEARN???
|
||||
|
||||
&amp;#x200B;
|
||||
|
||||
Now... The biggest banks are holdings! (READ BELLOW ABOUT IT)
|
||||
|
||||
Kenny and kids (Melvin, Susquehanna and other baby hedge funds) have been shorting over and over to own companies debt to hold leverage against the banks for daddy Kenny as well!
|
||||
|
||||
So... While the company is not yet bankrupt .... [Shitadel MM makes trust bonds](https://www.chicagotribune.com/news/ct-xpm-2006-12-08-0612080128-story.html), pack them with all the fake GME naked shares inside (can be mixed with other company shorts or full GME) and [sell them as if they were full of valuable real GME](https://www.wiredupreport.com/2021/03/16/viral/citadel-issued-600m-worth-of-bbb-rated-bonds/) (the system don't recognize fakes from reals, right?) Getting tons of money!
|
||||
|
||||
That's a big part of how he gets his Liquidity!!
|
||||
|
||||
His process is extremely complex, he uses algorithms to move the money constantly and very fast, trenching those bonds inside others and reposition them to hide all the rubbish undetected, also buying T-bonds, mortgages, short more companies and etc.
|
||||
|
||||
--------------------------------
|
||||
|
||||
Also, like the [SEC document](https://sec.report/Document/0001752724-21-087103/) states, Kenny and other banks are funding other business in many other countries giving them money and taking advantage (we know how).
|
||||
|
||||
When those business bankrupt too! Archegos style!!, they go and buy the real estate overseas dirt cheap!) They love making naked shares because that's how they get liquidity out of those useless juicy trust bonds.
|
||||
|
||||
Explained better in the KENNY SCAMMING AROUND THE WORLD in PART 2
|
||||
|
||||
So the money come from none existent trash and then make a shit ton more moving it? Holy Balls!
|
||||
|
||||
The ones who buy those Shitadel trust bonds are the bagholders!! They are buying bonds that are full of shit!!
|
||||
|
||||
He is successfully draining the money from the company, from the retail shareholder and for all the people that bought those trust bonds!! While making a shit ton of money from NON EXISTING SHARES PACKED IN BIG BAGS OF SHIT!
|
||||
|
||||
---------------------------------------
|
||||
|
||||
BIG BANKS ARE "HOLDINGS"???? WHAT IS THAT?
|
||||
|
||||
First we need to learn [what is a holding company?](https://www.wolterskluwer.com/en/expert-insights/using-a-holding-company-operating-company-structure-to-help-mitigate-risk) [Restaurant Brands International (RBI)](https://en.wikipedia.org/wiki/Restaurant_Brands_International) is an example of a holding company for a group of popular Quick Service (Fast Food) restaurants. They own Burger King, Tim Horton's and Popeyes. In this case RBI holding is basically a basket of a few fast food restaurants put together, like a stock ETF. It is the basket of those businesses and the value is according to those companies performance.
|
||||
|
||||
So are banks holding companies? Well...
|
||||
|
||||
As a result of the global financial crisis of 2008, many traditional investment banks and finance corporations such as Goldman Sachs, Morgan Stanley, American Express, CIT Group and GMAC (now Ally Financial) converted to bank holding companies in order to gain access to the Federal Reserve's credit facilities. ([Wikipedia](https://en.m.wikipedia.org/wiki/Bank_holding_company))
|
||||
|
||||
These holdings are filled up by pieces of many private institutions they lent money to: businesses, hedge funds, as well as people they lent money to (mortgages, auto loans, student loans, etc., plus money they lent to the government. Obviously as well as the money the people deposit and keep in their bank account (it will be their liquidity if they don't use your money, most of the time they move your money.)
|
||||
|
||||
Keep in mind: The federal reserve is privately owned (not part of the government and instead is sanctioned and backed by it) by the 12 reserve banks and the 0.01% (THE BIG BIG WHALES) (they are the top contributors to the reserve). [Federal Reserve Structure](https://en.wikipedia.org/wiki/Structure_of_the_Federal_Reserve_System) WHAAAAAT?
|
||||
|
||||
But lets keep going with the banks...
|
||||
|
||||
Think about every company borrowing money from a bank and putting their assets as collateral (putting that stock collateral inside the bank's basket/pool, mainly ETFs).
|
||||
|
||||
Now the bank owns part of the company in form of debt collateral. The bigger the company debt the bigger part of the pie the bank owns as collateral, right? Big leverage!
|
||||
|
||||
Also, some ETFs are pretty much a basket/pool full of many many company shares that are supposed to be the collateral for the debts. Some others are filled with as packages of people's debt (student loans, mortgages, etc). Others full of government debt to the banks.
|
||||
|
||||
Put all those shares and pieces of the company (could be turned into liquidity if sold in case of company liquidation or too much risk) and their liquidity backing of cash (people's bank accounts deposited) together and that's what the bank is made of. Correct me if I'm wrong on the comments please. The banks own leverage on those companies they lend money too.
|
||||
|
||||
Take a break!! I know this is very intense, but with every word I can see your hands getting harder and harder after knowing WTF is going on!
|
||||
|
||||
Click bellow to continue to [PART 2](https://www.reddit.com/r/GME/comments/n2hhhn/23_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
CONTINUE IN [PART 2](https://www.reddit.com/r/GME/comments/n2hhhn/23_the_ultimate_dd_guide_to_the_moon_crazy_melon/) ------------------------------
|
||||
|
||||
[PART 3](https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/n2hhhn/23_the_ultimate_dd_guide_to_the_moon_crazy_melon/>
|
||||
|
||||
Lets go!
|
||||
|
||||
Now this chart does look that crazy now?
|
||||
|
||||
<https://www.docdroid.net/Q8qCCvM/rgme-pokes-at-kenny-g-pdf>
|
@ -0,0 +1,556 @@
|
||||
[2/3] The Ultimate DD guide to the moon!!. Crazy Melon
|
||||
======================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/sydneyfriendlycub](https://www.reddit.com/user/sydneyfriendlycub/) | [Reddit](https://www.reddit.com/r/GME/comments/n2hhhn/23_the_ultimate_dd_guide_to_the_moon_crazy_melon/) |
|
||||
|
||||
---
|
||||
|
||||
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
THIS IS FOR YOU MY APES!! None of this is financial advice. I'm a retarded ape playing with crayons and keys.
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/> PART 1!
|
||||
|
||||
CONTENTS:
|
||||
|
||||
[PART 1](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
- US DOLLAR BACKING
|
||||
|
||||
- OVERVIEW OF KENNY'S/SHITADEL'S FUCKERY EXPOSED!
|
||||
|
||||
- HOW IS KENNY WASHING THE MONEY?
|
||||
|
||||
- TRUST BONDS: The basket of bonds INFITINE MONEY GLITCH!!!
|
||||
|
||||
- BIG BANKS ARE HOLDINGS COMPANIES???? WHAT IS THAT?
|
||||
|
||||
PART 2
|
||||
|
||||
- HOW AND WHY TO BANKRUPT COMPANIES
|
||||
|
||||
- QUICK RECAP MIXING GME IN:
|
||||
|
||||
- THE MASSIVE REAL ESTATE SCAM!
|
||||
|
||||
- KENNY SCAMMING AROUND THE WORLD
|
||||
|
||||
- WHAT HAPPENS AFTER THE COMPANY GOES BANKRUPT??
|
||||
|
||||
- THE PANDEMIC STIMULUS: The beginning of the end of Kenny
|
||||
|
||||
- KENNY'S FUCK UP!!
|
||||
|
||||
[PART 3](https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
- THE ENDGAME: INEVITABLE! NO FUD
|
||||
|
||||
- SUMMARY
|
||||
|
||||
- TL;DR1:
|
||||
|
||||
- BURRY CONCERN: HYPERINFLATION
|
||||
|
||||
- LIBOR to SOFR
|
||||
|
||||
- TL;DR2 :
|
||||
|
||||
------------------------------------------------
|
||||
|
||||
PART 2
|
||||
|
||||
We are getting there!!! By the end of this posts, Kenny will be FULLY EXPOSED!
|
||||
|
||||
-----------------------------------------------------------------------
|
||||
|
||||
HOW AND WHY TO BANKRUPT COMPANIES
|
||||
|
||||
While a company is heading to bankruptcy (still not bankrupt), they keep shorting and shorting with those naked shares created to drop the price, once they used a share too many times (too many IOUs) they either pack them into trust bonds (for more liquidity for fuckery) and sell them or dump them into a bank ETF (that also tanks the price in the main exchange while also "hiding" the naked shares).
|
||||
|
||||
Seriously Kenny?
|
||||
|
||||
Then they try so hard to bankrupt the company. The company shares are now worthless so they don't need to return any naked shares they produced (and I think they don't even need to pay tax on the difference they make). They made a shit ton of money on betting against the company with options (puts) predicting the company is going down while manipulating the price the whole time.
|
||||
|
||||
So Kenny has been shorting this companies for a reason: yes, it makes him a shit ton of money.
|
||||
|
||||
Is that his goal though? No.
|
||||
|
||||
His goal is to be the king of everything, to own it all. But how does shorting companies help him achieve that? Additionally, if he truly is shorting treasury bonds it is because he expects a lack of solvency on the part of the Fed.
|
||||
|
||||
so lets keep looking at how he does it. Bloody King of fake shares (nothing) Kenny. Yikes!
|
||||
|
||||
When the company is worthless it is then the best time for Shitadel to buy the business shares super cheap along with the real estate! They also buy the business debt providing leverage to the banks.
|
||||
|
||||
Bankruptcy is wonderful for buying real estate at a deep discount. We know he's gobbling up as much as he can get and land is a *tangible asset.*
|
||||
|
||||
They use third party real estate investment companies such IOR Inc (very very shady) that invest in real estate though direct equity. I'll share more details later on.
|
||||
|
||||
Let's continue...
|
||||
|
||||
So we know they buy the real estate, the assets, the shares but what we don't know is.... They also buy the business's debt (all dirt cheap!!). BUYING THE DEBT provide leverage against the banks.
|
||||
|
||||
but the bubble is bigger!
|
||||
|
||||
They have previously flooded the banks ETFs with heaps and heaps of naked shares and when the Kenny go to rebuy the company shares back from the bank the bank don't want to sell in a huge loss! (the company shares worth almost nothing!) So they keep the leverage.
|
||||
|
||||
But not only Shitadel is doing that,
|
||||
|
||||
All his friends are doing it too!!!!! (Melvin, Susquehanna and others). Shorting the government bonds and business debt means the have big leverage on the banks. Owning big pieces of the major banks means they own big part of the Federal Reserve bank (the machine that goes brrrrr).
|
||||
|
||||
----------------------------------------------
|
||||
|
||||
QUICK RECAP MIXING GME IN:
|
||||
|
||||
Draining money from the Businesses, shareholders and scamming people with his empty shells of TRUST BONDS. That's where the liquidity is coming from!
|
||||
|
||||
So where does GME come into play with this scheme? Ill elaborate lot more later on!
|
||||
|
||||
GME resisted and didn't break or bankrupt (thank you papa RC, DFV and every single one of you magnificent apes), instead it went up!
|
||||
|
||||
Kenny then tried harder and harder to break it (kept doubling and doubling down), but he didn't expect retail to be so resilient and not give up, also he didn't expect RC to come and transform the company!
|
||||
|
||||
RC did something that most of us don't see as a big deal, but is a MASSIVE FU**ING DEAL. HE GOT RID OF THE DEBT!!! Now GME is free!! Fuming bloody genius!
|
||||
|
||||
All power to the shareholders, power to the players!
|
||||
|
||||
Lets continue now!!!
|
||||
|
||||
----------------------------------------
|
||||
|
||||
THE MASSIVE REAL ESTATE SCAM!
|
||||
|
||||
--------- EDIT 3: I'm I Wrong?? HASN'T HAPPENED BEFORE?
|
||||
|
||||
<https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds>
|
||||
|
||||
Am I a shill? Is this a conspiracy? There are no facts or proof? This hasn't happened before? Nothing to see here?
|
||||
|
||||
QaNoN tin foil???
|
||||
|
||||
If you don't believe me Check out this video from the Majority report on your tube. This has been uploaded today 2 of may 2021. That's after my first posts in here.
|
||||
|
||||
<https://m.youtube.com/watch?v=x2xIgseFCpc>
|
||||
|
||||
I'm not crazy, my mum got me tested!
|
||||
|
||||
This is a huge finding Thank you as always you beautiful Jtothetriple!!
|
||||
|
||||
<https://news.utexas.edu/2020/12/03/lending-fraud-could-wreck-economy-again/>
|
||||
|
||||
The article states:
|
||||
|
||||
- Loan originators, who made their profits on volume and pricing of loans, not quality. They misreported key financial information in [48% of loans](https://academic.oup.com/rfs/article/29/2/384/1903200) securitized by nongovernment agencies.
|
||||
|
||||
BOOM!
|
||||
|
||||
- Underwriters at investment banks, who earned more by securitizing low-quality loans with high interest rates and marketing them to investors as high-quality. In legal settlements with the Department of Justice, many admitted they knowingly put false figures into prospectuses.
|
||||
|
||||
BOOM!
|
||||
|
||||
- Credit rating agencies, which needed underwriters as clients. They often inflated ratings of mortgage-backed securities by adjusting their standard rating models. Without such adjustments, one study found, a top-quality AAA security would have fallen to a barely-investment-grade BBB.
|
||||
|
||||
BOOM!
|
||||
|
||||
- The biggest fraud potential, Griffin said, is no longer with home mortgages. It's with other kinds of securitized assets, such as commercial mortgages. For collateralized loan obligations (CLOs), a kind of security backed by business loans, he's found evidence that [the underlying loans are riskier than the CLOs' ratings reflect](https://retirementincomejournal.com/wp-content/uploads/2020/11/SSRN-id3707557.pdf).
|
||||
|
||||
BIG BADA BOOM!!!
|
||||
|
||||
This is telling us that there is a MASSIVE scam going on!
|
||||
|
||||
[BOOM!](https://www.cnbc.com/2015/10/04/ken-griffin-goes-on-290-million-real-estate-spree.html)
|
||||
|
||||
[BOOM!](https://www.newsbreak.com/illinois/chicago/news/0NNQ2yrU/ken-griffin-invests-in-real-estate-tech-firm)
|
||||
|
||||
[BOOM!](https://www.ft.com/content/25e6100d-4cdd-45d0-aaab-6f9b77b14257)
|
||||
|
||||
No comments on the deals? All the real estate deals "Personal investment" and no other comment?
|
||||
|
||||
Kenny seems to go on real estate shopping's spree quite often!!
|
||||
|
||||
Ohhh wait a minute!!
|
||||
|
||||
I almost forgot that HE CAN GET LOANS to buy REAL ESTATE and put TRUST BONDS AS COLLATERAL!!!
|
||||
|
||||
How? Using those third party realty investors!
|
||||
|
||||
Basically give the BAG to the bank and leave them HOLDING IT!!
|
||||
|
||||
Guess who has a SHIT TON OF REAL ESTATE???
|
||||
|
||||
You guessed right!!! GME AND AMC!!! Woooohoool
|
||||
|
||||
<https://outline.com/pTpkmm>
|
||||
|
||||
SO where is the bubble?
|
||||
|
||||
Like professor Jhon Griffin said on that glorious article.... Some institutions are BACKING their loans with "AAA" bonds thats really are "BBB".
|
||||
|
||||
I bet if those banks open the bags of Kenny's Trust Bonds THEY ARE GOING TO FIND OUR PRECIOUS GME NAKED SHARES IN IT!!!! MADE UP MONEY!!
|
||||
|
||||
EDIT:!!!!------- THERE IS MORE!!!!
|
||||
|
||||
WAIT WHAT??
|
||||
|
||||
I think they are doing extra fukery here with the real estate and the banks based on the article here!!
|
||||
|
||||
I found this little article on the floor of the internet!!
|
||||
|
||||
<https://theintercept.com/2021/04/23/deconstructed-whistleblower-financial-crisis/>
|
||||
|
||||
This article says that commercial mortgages are being resold, but the borrower's info is being inflated to make the mortgage more valuable to the new buyer.
|
||||
|
||||
Ohhhh opportunity for fukery I see!!
|
||||
|
||||
crazy talk over here.... So what they could be doing is... follow me on this one
|
||||
|
||||
Is it possible that leased real estate from those companies they are trying to bankrupt can be collateralized for loans by a third party?
|
||||
|
||||
YES!
|
||||
|
||||
So.....
|
||||
|
||||
They buy the property (not from game stop but form the current owners of the real estate) with a loan trough a third party realty investor that uses equity to get the loans (the property appraisal then is inflated so the loan is higher).
|
||||
|
||||
They get the loan for the appraised amount first and put the current GameStop lease as collateral. No liability for Citadel, is using a third party, equity from non existing money (the trust bonds money) and the current GameStop lease as collateral (GameStop is not planning to move or leave for a while!)
|
||||
|
||||
Whith the bigger loan they buy the property cheaper (at the price really worth not the inflated appraisal price) and pocket the difference.
|
||||
|
||||
Once GameStop bankrupt then the they stop paying the loan and let it defaults, the collateral is gone!.
|
||||
|
||||
Now the bank has to sell the property (usually action), citadel uses the third party again and buys the property dirt cheap at auction with equity again (yup money from the trust bonds!) at lower prices.
|
||||
|
||||
It's a delicious double wash! BOOM! 🤯
|
||||
|
||||
BOOM!
|
||||
|
||||
They don't buy the real estate directly tho. They are using this CITY TERRACE LLCand others, this is how I connected citadel with them
|
||||
|
||||
I started here
|
||||
|
||||
<https://opencorporates.com/companies?q=CITADEL+SECURITIES+LLC>
|
||||
|
||||
After following the Dallas TX address lead me here
|
||||
|
||||
Then got here: <https://opencorporates.com/companies/us_de/5634119>
|
||||
|
||||
1999 BRYAN ST STE 900 DALLAS TX 75201 - 3140
|
||||
|
||||
That Address connects directly to this address
|
||||
|
||||
3700 N. Capital of Texas Hwy Ste 420 Austin TX
|
||||
|
||||
This one has a bunch of shady real estate companies all "working" out of a tiny office.
|
||||
|
||||
HPI real estate and others too.
|
||||
|
||||
The connection is the realtor Aubrie Kudrick...
|
||||
|
||||
The whole thing is very shady with other companies like this beauty here:
|
||||
|
||||
IOR - Income Opportunity Realty Investors
|
||||
|
||||
-IOR Inc. is an externally advised and managed real estate investment company. Co. is engaged in the business of investing in equity interests in real estate through direct equity investments and partnerships, and financing real estate and real estate-related activities through investments in mortgage loans. All of Co.'s real estate is located in the southwest region of the continental U.S. The land portfolio is Co.'s sole operating segment. As of Dec 31 2010, Co.'s land consisted of 203.3 acres of land held for future development or sale, including a storage warehouse.
|
||||
|
||||
Their Website is laughable (honestly I think a 10 years old will do a better job) <http://www.incomeopp-realty.com/index.html>
|
||||
|
||||
Pillar Income Asset Management, Inc. (Pillar) is the Company's external Advisor. Pillar locates, evaluates and recommends real estate and real estate-related investment opportunities and arranges debt and equity financing for the Company with third-party lenders and investors. The Company's land consists of approximately 131.1 acres of Land.
|
||||
|
||||
Look who owns them IOR. This is the whole list. <https://imgur.com/1YUwogo>
|
||||
|
||||
pillarincome.com
|
||||
|
||||
So. Their Coportate Break down. - <http://www.pillarincome.com/?page_id=26> Regis Property Management, LLC, Transcontinental Realty Investors, Inc, American Realty Investors, Inc, Income Opportunity Realty Investors, Inc., Southern Properties Capital, Abode Properties.
|
||||
|
||||
So the first beauty will connect you into a web of other very suspicious to the eye real estate investment companies, go check yourself. YOKESS!!
|
||||
|
||||
This is a chance for a diligent ape to enfold this web of possible fuckery!.
|
||||
|
||||
Btw, if you look at deeper you will find out that the people that manage these realty investor companies they all manage like 50+ different business!!
|
||||
|
||||
EDIT 7: more shady connections
|
||||
|
||||
This set of images I uploaded spells out the story of IOR and TCI
|
||||
|
||||
<https://m.imgur.com/a/ubbX6vS>
|
||||
|
||||
That is IOR. Income Opportunity Retail Investors, with no property and no employees.
|
||||
|
||||
This is TCI.
|
||||
|
||||
<https://imgur.com/a/Qgolnag>
|
||||
|
||||
Negative quarter from loss on Foreign Currency Transactions. How much foreign money are you dealing with for apartment complexes 🤔
|
||||
|
||||
TCI owns most of IOR. TCI and IOR have the same CEO. Might be worth noting that Goldman Sachs and BoA both filed 13Fs in February liquidating their holdings
|
||||
|
||||
This doesn't make sense!! Please investigate
|
||||
|
||||
---------
|
||||
|
||||
Let's continue!!
|
||||
|
||||
----------
|
||||
|
||||
WHY DOES KENNY WANTS TO BE A BANK SO BADLY?
|
||||
|
||||
A state bank is lot less regulated than a federal bank.
|
||||
|
||||
A BANK IS THE ONLY PIECE MISSING IN KENNY PUZZLE
|
||||
|
||||
This way he will eliminate the middle man, the bank does everything for his fuckery.
|
||||
|
||||
Having a bank means, he will be the one setting the price of the appraisals, also giving the loans, then also liquidating the asset and auctioning controlling the prices to buy everything at the price he wants.
|
||||
|
||||
Being able to always inflate the appraisals and pocket the difference everytime more and more!
|
||||
|
||||
And buying the real estate dirt cheap always! Perfect set up!
|
||||
|
||||
Ohhhh the banks game!!!
|
||||
|
||||
HOLY ACTUAL FUCK!!!!
|
||||
|
||||
I'm going to put this information in PART 3 END GAME SECTION. So if you already read it just SKIP IT
|
||||
|
||||
END THE EDIT: ----------------
|
||||
|
||||
extra info from an ape 14 days ago [HERE.](https://www.reddit.com/r/Superstonk/comments/ms3zcj/the_real_estate_puzzle_piece_featuring_jp_morgan/?utm_source=amp&amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=&amp;amp;amp;amp;amp;amp;amp;amp;utm_content=post_body)
|
||||
|
||||
EDIT 2: A little piece of a name you already know, Amazon!
|
||||
|
||||
Maybe I'm crazy, maybe I'm not... but a little bird in the comments told me to put one and one together!!!
|
||||
|
||||
And usually if you see the Chiken lie on it, if you see it frying in the pan, most likely is an egg right??
|
||||
|
||||
<https://www.google.com/amp/s/www.forbes.com/sites/christopherwalton/2020/05/29/the-value-of-amazon-buying-jc-penney-could-far-exceed-that-of-buying-target-kohls-or-anyone-else/amp/>
|
||||
|
||||
Maybe our friend Bezos also likey real estato?
|
||||
|
||||
Maybe he "Bought" Jc Penny for the Realto Estato?
|
||||
|
||||
You connect the dots, dig more on your own leasure fellow apes!!
|
||||
|
||||
EDIT2 END ----------------------
|
||||
|
||||
------------------------------------- ----
|
||||
|
||||
KENNY SCAMMING AROUND THE WORLD
|
||||
|
||||
A fellow ape dropped this little document in here that pretty much connected the pieces of the puzzle (confirming they are using bonds strips as collateral to sell overseas in different currencies):
|
||||
|
||||
<https://sec.report/Document/0001752724-21-087103/>
|
||||
|
||||
With part of the scam money, Kenny and friends are funding heaps of companies in different countries: Brazil, Portugal, Hong Kong, Cayman Islands, Spain, Mexico, Virgin Islands, Philippines with a high interest rate of over 12% and receiving Treasury bonds strips (or assets) as collateral and huge leverage. At the same time they are taking advantage of the exchange rates to make huge $$$ out of it.
|
||||
|
||||
----------------------------------------------
|
||||
|
||||
WHAT HAPPENS AFTER THE COMPANY GOES BANKRUPT??
|
||||
|
||||
Lets say the company goes bankrupt. We already know what happens in the BANKRUPT MORALS AND SCHEMES section right?
|
||||
|
||||
This is Kenny's personal vendetta against banks in a bid to own everything!
|
||||
|
||||
To be the biggest king in finance by owning so many companies, so much leverage in the banks while using the money he makes with the naked trust bonds to buy land (not just from the businesses), [real estate](https://therealdeal.com/2020/08/27/ken-griffin-is-approaching-1b-in-worldwide-luxury-real-estate/), [art](https://www.cnbc.com/2016/02/18/ken-griffin-spent-500-million-on-two-paintings-sources.html) and also lend money to companies overseas. Remember Greensill???
|
||||
|
||||
Kenny's babies (Melvin, Susquehanna and friends) now also have massive leverages and are doing the same!!! Kenny style!
|
||||
|
||||
So Kenny ultimately wants to own everything, be too big to be untouchable and bigger than any bank or the Federal Reserve. He's been doing this trick pretty much since 2008 with this predatory behavior!!!
|
||||
|
||||
Another piece of the puzzle...Shitadel and friends are part of the DTCC but so are big banks!
|
||||
|
||||
Makes sense to me why the DTCC is now making all this rules (I'm looking at you juicy 801/002).
|
||||
|
||||
To protect the banks from Shitadel and friends predatory behavior as well as them not to suffer when Shitadel and friends fall due to GME!!! DTCC is not on the wrong side of the equation, they were just manipulated by Kenny big time! [Bloody scammy Kenny!](https://www.wsj.com/articles/citadels-griffin-reaps-windfall-from-companys-bond-sale-11569262332)
|
||||
|
||||
------------------------------------------------
|
||||
|
||||
THE PANDEMIC STIMULUS: The beginning of the end of Kenny
|
||||
|
||||
During the pandemic the government needed tons of money (Maybe trillions 🤷🏻♂️) for stimulus and other things.
|
||||
|
||||
Edited:
|
||||
|
||||
The government issue bonds at very good rates in order to gather money for the stimulus fast.
|
||||
|
||||
Remember Kenny has been selling his trust bonds full of short naked shares? THATS HIS INFINITE MONEY GLITCH!!
|
||||
|
||||
speculation time
|
||||
|
||||
Blackrock and big 0.01% maybe were illiquid and didn't have all the trillions needed for the pandemic aid, that's why issuing all those bonds at good rates was a good fast way to raise money. (remember they been manipulating libor and lending money left right and center!)
|
||||
|
||||
"(Reuters) - Citadel Securities says bank pricing models were more of a problem than balance-sheet constraints when the U.S. Treasury market suffered from extreme illiquidity and volatility in March."
|
||||
|
||||
<https://www.reuters.com/article/us-usa-bonds-pricing-idUSKBN2342VNg>
|
||||
|
||||
Wait..... MARCH!!! I WONDER WHEN THE MOST FUCKERY IN GME HAPPENED?
|
||||
|
||||
I'm dumb but might of being around those times?
|
||||
|
||||
Maybe just maybe they over short GME to get those juicy Treasury??
|
||||
|
||||
Maybe too many coincidences and right timing?
|
||||
|
||||
Check this tweet from DR MICHAEL BURRY
|
||||
|
||||
<https://imgur.com/gallery/vivSs5f>
|
||||
|
||||
So guess where the money for the stimulus came from?
|
||||
|
||||
Kenny!!
|
||||
|
||||
He bought those treasury (bills, notes and bonds) especially those juicy 10 year bonds!
|
||||
|
||||
They kept releasing all those bonds back then because the machine was going brrrrrrr non stop.
|
||||
|
||||
Kenny has been buying those bonds for a while! One of the ways he's washing the money from the naked trust bonds full of shorts.
|
||||
|
||||
Pure crazy talk speculation!! I'm just a dumb crazy ape throwing crayons to the air. Or maybe not, time will reveal 🤫 but makes fucking sense right?
|
||||
|
||||
KENNY FUCKED THERE BIG TIME.
|
||||
|
||||
I think when he saw the opportunity of those BIG FAT BONDS! he put the glitch machine to work overtime
|
||||
|
||||
CAUSING TO OVER-SHORT MANY COMPANIES ESPECIALLY GME
|
||||
|
||||
That's where everything went wrong with him, he went too big on GME and burry saw it, DFV saw it!
|
||||
|
||||
Jummmmm!!! Makes sense?? No?
|
||||
|
||||
Facts? No!?? I'm just connecting the dots!!
|
||||
|
||||
-------------------------
|
||||
|
||||
Now Kenny has all that treasury to play with. Ohhh no!
|
||||
|
||||
Play time for Kenny! Kenny took those bonds and what he did? and shorted the repo market!!, he shorted the treasury (mainly the 10 year bonds Michael burry been warning us about)!
|
||||
|
||||
I think burry and DFV have been on to him!!
|
||||
|
||||
---------------- BONUS
|
||||
|
||||
Tin hat on!
|
||||
|
||||
Check the spreadsheet in the background of the DFV goodbye video, check those companies.
|
||||
|
||||
Now tell me if those companies are not huge in real estate?
|
||||
|
||||
Now tell me who has a lot of shorts on those companies? SHITADEL?
|
||||
|
||||
Wait..... I'm not so crazy now right??
|
||||
|
||||
Tin foil hat off
|
||||
|
||||
-------------------------
|
||||
|
||||
But why?
|
||||
|
||||
He knew about the changes from libor to SOFR!
|
||||
|
||||
He knew banks were in trouble and he even admitted it!!
|
||||
|
||||
Remember?
|
||||
|
||||
"(Reuters) - Citadel Securities says bank pricing models were more of a problem than balance-sheet constraints when the U.S. Treasury market suffered from extreme illiquidity and volatility in March."
|
||||
|
||||
<https://www.reuters.com/article/us-usa-bonds-pricing-idUSKBN2342VNg>
|
||||
|
||||
He know the bubble in the market, he has a massive leverage on the banks and also a massive bubble in the real estate!!
|
||||
|
||||
------ BTW: there is also a bubble about to collapse on the ETFs web. That one is about to explode soon!
|
||||
|
||||
He knew a lot of banks are gonna struggle and possibly get margin called for all those years of been manipulating Libor! When they change to SOFR (Read part 3 to fully understand).
|
||||
|
||||
Also he owns both sides of the leverage, he's shorting because he things the government is gonna struggle or even default soon so he shorted, then he has the leverage with all those bonds to ask for favors or just wait until until the market recover and win washing the trust bonds into juicy 10 year bonds successfully!
|
||||
|
||||
------------------
|
||||
|
||||
KENNY'S FUCKED UP!!
|
||||
|
||||
He fucked up with GME.
|
||||
|
||||
If Kenny succeeded bankrupting GME, he efficiently would of succeed in draining a billion dollar company, taking a shit ton of money from retail, scamming the people he sold those trust bonds as well keeping the assets and team state of GME.
|
||||
|
||||
Also getting away with overshooting a company in order to buy treasury washing that money and the money changing hands successfully!
|
||||
|
||||
Why GME??
|
||||
|
||||
speculation based on actions, timing, events and behavior by all parties
|
||||
|
||||
Because he is targeting BRICK AND MORTAR companies to wash the money in REAL ESTATE!
|
||||
|
||||
He needed extra money to buy those treasuries in bargain and over short GME!
|
||||
|
||||
Shitadel was shorting GME for a while and DFV knew that, They also thought it was a sure deal!
|
||||
|
||||
Also,
|
||||
|
||||
He uses real estate to wash the trust bonds. He is buying real estate using stock and derivates as collateral!! (With his non existent shorts!!!).
|
||||
|
||||
So be bankrupts business based on real estate to then reabsorb all those assets and wash the money!!
|
||||
|
||||
There is more of this fuckery later on!!
|
||||
|
||||
He's a parasite in the market inflating companies (with naked shares inside to then bankrupt them), successfully destroying the economy, stopping technology and so screwing many people that is struggling and unemployed! (Savirour of the people right?)
|
||||
|
||||
*Really Kenny?*
|
||||
|
||||
He also lent more and more money overseas to win with the transaction rates and the juicy 12%+ interest rates. Then wanted to cover everything and blame the PANDEMIC! When those business fail then he will also buy those business, the REAL ESTATE overseas and have leverage on every bank in the world that way!
|
||||
|
||||
Massive global scam Kenny! Exposed by a fucking Melon?
|
||||
|
||||
KENNY FUCKED UP in GME big time!
|
||||
|
||||
He overshorted GME thinking was a sure deal and not calculating the risks. HE MESSED WITH GAMERS!!
|
||||
|
||||
My logic (watching his videos and history of Reddit messages in the past 2 years)tell me that DFV was looking at GME for a while (burry too, I don't mean they communicate or talk) and when he saw that shitadel (and friends) increased their short position heaps, plus he saw following Dr Michael Burry tweets <https://imgur.com/gallery/vivSs5f> (he was listening to burry, finally someone did), he bought the long calls
|
||||
|
||||
That makes complete sense to me!! The company was greatly undervalued and wasn't going that bad really. I saw his entire analysis and hypothesis.
|
||||
|
||||
Check it out <https://youtu.be/GZTr1-Gp74U>
|
||||
|
||||
------------------
|
||||
|
||||
So for Kenny to keep succeeding, he needed to stay quiet, but he woke an army of APES!! He woke up retail!!
|
||||
|
||||
Also now 0.01%, the government and banks realized that GME wasn't going bankrupt and that Kenny has been scamming like that all along!! The shit pop out of the lid! And leaked too much!
|
||||
|
||||
After reading this (HOPE THE MEDIA AND THE SEC READS IT).
|
||||
|
||||
Maybe, just maybe they don't know! Maybe I just figure Kenny's game and I'm first to the punch!
|
||||
|
||||
Whatever it is, we need to expose this everywhere! This needs to stop! This parasite in the market and economy needs to stop! Spread this!!! Is your responsibility to be loud!!
|
||||
|
||||
The 0.01% want their money back, so are apes!!
|
||||
|
||||
Let's climb back what Kenny has been stealing from APES FOR YEARS!!
|
||||
|
||||
----------------------------------------
|
||||
|
||||
Take a break!! I know this is very intense, but with every word I can see your hands getting harder and harder after knowing WTF is going on!
|
||||
|
||||
Ohhh Kenny, how the fuck did a melon discover your fuckery?
|
||||
|
||||
CONTINUE IN [PART 3](https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/) ---------------------------------
|
||||
|
||||
EDIT 1: Adding more info in the REAL ESTATE SCAM PART
|
||||
|
||||
EDIT 2: Ohhhhh you all know amazing right? A bit piece on it....
|
||||
|
||||
**EDIT 3: I'm I wrong? Hasn't happened before?? Yes it has!
|
||||
|
||||
<https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds>
|
||||
|
||||
EDIT 4: edit about the stimulus and some speculations to be mask as speculations
|
||||
|
||||
EDIT 5: Another piece of alert about the treasury bonds!!
|
||||
|
||||
**EDIT 6: <https://m.youtube.com/watch?v=x2xIgseFCpc> Majority report proving one of my hypothesis after o released this videos!! I'm not crazy! And everything is gonna start coming to light!
|
||||
|
||||
<https://www.ft.com/content/ea6f3104-eeec-466a-a082-76ae78d430fd>
|
||||
|
||||
**EDIT 7: more shady business connected!! Real estate fraud GO BACK TO [PART 1](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/)
|
||||
|
||||
Now this chart does look that crazy now?
|
||||
|
||||
<https://www.docdroid.net/Q8qCCvM/rgme-pokes-at-kenny-g-pdf>
|
158
Daily-Synopsis-Archives/2021-05-21-Synopsis.md
Normal file
158
Daily-Synopsis-Archives/2021-05-21-Synopsis.md
Normal file
@ -0,0 +1,158 @@
|
||||
The Daily Stonk 05-21-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/u/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nhoms3/the_daily_stonk_05212021/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/ojjd5ewm2g071.png?width=1024&format=png&auto=webp&s=103487b6a5c4f725cea969eeedc38d8f35cf031d)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/6yp9zngo2g071.png?width=680&format=png&auto=webp&s=8acbab1f1ec5ae24fb2c7b527b5bbfc4c4752ca5)
|
||||
|
||||
Did someone deliver mayo?
|
||||
|
||||
Written by [u/rensole](https://www.reddit.com/u/rensole/)
|
||||
|
||||
So it seems that yesterday was a busy day at the Citadel HQ, there was a thread [here](https://www.reddit.com/r/Superstonk/comments/nhctbx/citadel_is_having_some_trouble_right_now/) showing a large police and fire trucks on the scene. There were some apes who were kind enough to hop on the train and even go there.
|
||||
|
||||
What we found out:
|
||||
|
||||
It was most likely a suspicious package that showed up, as some users already noticed that the fire trucks there were the ones with Hazmat suits in them (I didn't even know that there was a special version truck for this tbh), but as [/u/xsonusx](https://www.reddit.com/u/xsonusx/) mentioned in the comments;
|
||||
|
||||
"Suspicious package called in earlier. Nothing going on at the building at the moment"
|
||||
|
||||
[](https://preview.redd.it/qss27jwp2g071.png?width=640&format=png&auto=webp&s=8432cdc0c6ee73e920351f6403d7c4a9b11cffcb)
|
||||
|
||||
OFFICIAL AMA- Lucy Komisar Part 2 - Monday, May 24, 2021 @ 4:30 p.m. Eastern
|
||||
|
||||
This is the official AMA (Ask Me Anything) post for Lucy Komisar (Pt. 2), who will be joining [u/Luridess](https://www.reddit.com/u/Luridess/) once again on [Superstonk Live](https://www.youtube.com/watch?v=wuPizlDY0Ys) for a one-on-one discussion, with questions influenced by and taken directly from [this post](https://www.reddit.com/r/Superstonk/comments/nhglmp/official_ama_lucy_komisar_part_2_monday_may_24/).
|
||||
|
||||
Be sure to give the thread a read and leave your questions you have for her there, and if you've not seen part one you can view it [here](https://youtu.be/wKXWvEpnN34)
|
||||
|
||||
[](https://preview.redd.it/kodqxcnq2g071.png?width=640&format=png&auto=webp&s=97f50305dc7fbf92fc637778e7dc19a5b0332f27)
|
||||
|
||||
DR BuRRRRRRY
|
||||
|
||||
At this point everyone here has most likely seen "the big short" a couple of times, or even better, read the book.
|
||||
|
||||
Well it seems that other stock subs are noticing that there is something big going on, most of the ones ask questions like "Is there even a stock with negative beta?" or they started to look into Dr Burry's findings, because well... the dude is smarter than all of us put together.
|
||||
|
||||
[This thread](https://www.reddit.com/r/Burryology/comments/nga3as/margin_debt_archegos_capital_total_return_swaps/) goes over some of the findings and indicators Dr Burry uses to check the market, it's mostly about the margins debts and how Archegos was overleveraged and how that affects the rest, and how a market crash is very close.
|
||||
|
||||
be sure to give it a read
|
||||
|
||||
Also on the repo market (something you've undoubtedly seen mentioned a few times here now) here is a video of about 5 minutes explaining what Repo's are and what they mean and what they're for.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nh9g0u/you_may_develop_some_wrinkles_george_gammon_repo/>
|
||||
|
||||
[](https://preview.redd.it/0j9nrhrr2g071.png?width=640&format=png&auto=webp&s=b6b47d56194563e63f6c34762a344eda64ad15b1)
|
||||
|
||||
Can you smell that?
|
||||
|
||||
004
|
||||
|
||||
004 was the rule about members of the DTCC defaulting then the other members could buy up their stocks for pennies on the dollar before turning to open market, making sure they can profit off of other defaulting members.
|
||||
|
||||
Also a thread was made in update for the 005 here:
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/>
|
||||
|
||||
the user had some personal interaction with the SEC/dtcc on where the hell it is.
|
||||
|
||||
It comes down to "we're on it" but again read the thread itself.
|
||||
|
||||
[](https://preview.redd.it/vtu3vent2g071.png?width=640&format=png&auto=webp&s=51c287a3be33ca64294f019e0811a4d8ee4388c0)
|
||||
|
||||
Robbin da hood
|
||||
|
||||
Over the last few days we have seen a lot of different posts coming up about robinhood giving weird statements, showing that people who are transferring out of RH (and to Fidelity or another one) they get statements showing all their shares were fractional shares bought at times and prices that don't match up with what is going on right now.
|
||||
|
||||
I remember a member having XXX shares but their cost basis was around 1.3 million, while they didn't spend anywhere near that, or people having single shares bought around the 600 mark and the ATH of the stock was below 500.
|
||||
|
||||
Now there are multiple ways to explain this.
|
||||
|
||||
1. something deep dark and sinister is happening, users have speculated that RH is buying them off of Citadel at inflated prices, meaning they're using this to stave off a margin call
|
||||
|
||||
2. Robinhood's system is just bad and fucked up.
|
||||
|
||||
3. Robinhood is buying them from darkpools, and seeing the stock is getting harder and harder to come by they are asking for higher prices.
|
||||
|
||||
For me personally I think it's number two, Robinhood has shown to be incompetent on multiple accounts and times, whenever crypto goes up their system goes bust and have an "unexpected planned maintenance", transferring out does not go as smooth as it should for some members, this all leads me to believe that RH's tech stuff has been a shitty system at best, and no one expected a mass exodus from their platform and their system is not equipped to handle this, ending in lots of errors.
|
||||
|
||||
No matter the case be sure to keep your receipts in case the IRS ever comes knocking so you can show your actual cost basis and amount of shares.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof_that_rh_had_to_scramble_to_find_shares_when/>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ngun6e/proof_that_rh_scrambled_to_find_shares_during_my/>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ngw2xo/i_just_fully_transferred_out_of_robinhood_to/>
|
||||
|
||||
[](https://preview.redd.it/i2rsf0bv2g071.png?width=640&format=png&auto=webp&s=e79d83a4e5459aecc4e4104c2d3d5a1ecd6ce33e)
|
||||
|
||||
Weird transactions for the past few days
|
||||
|
||||
3 days in a row weird transactions have been happening, this was found out by the german sub [r/Spielstopp](https://www.reddit.com/r/Spielstopp/) but still need to look into this on it's validity and not sure what this could possibly be or mean perhaps some smarter apes here could take a look and find out what it could possibly mean.
|
||||
|
||||
<https://www.reddit.com/r/Spielstopp/comments/ngfhuw/dritter_tag_in_folge_324106_aktien_blocktrade_auf/gytoixh/?context=3>
|
||||
|
||||
[](https://preview.redd.it/z56lpl8w2g071.png?width=640&format=png&auto=webp&s=457e8f3a80eb0e3a7d31c732e579a1266ec7e2fc)
|
||||
|
||||
The best for last
|
||||
|
||||
GO VOTE, again check [this](https://www.reddit.com/r/Superstonk/comments/nhc8x4/dont_be_lazy_and_think_enough_people_will_vote/) thread.
|
||||
|
||||
READ IT, AND GO VOTE.
|
||||
|
||||
if your broker does not let you vote, nag them, keep asking them until you can.
|
||||
|
||||
[](https://preview.redd.it/0ix29mpx2g071.png?width=554&format=png&auto=webp&s=3f932bb7568a04d509df8ee6e9a3b40f28705901)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/lw9bhlpy2g071.png?width=400&format=png&auto=webp&s=01ae7ba1aaa556b264c954358f21b3fdbfd242c3)
|
||||
|
||||
Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
130
Daily-Synopsis-Archives/2021-05-24-Synopsis.md
Normal file
130
Daily-Synopsis-Archives/2021-05-24-Synopsis.md
Normal file
@ -0,0 +1,130 @@
|
||||
The Daily Stonk 05-24-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nju7sv/the_daily_stonk_05242021/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/bd5yjg0sb1171.png?width=1600&format=png&auto=webp&s=0eecf3cef72278d8c21e839efde2fdabd438d247)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/6h4j7vwvb1171.png?width=680&format=png&auto=webp&s=2d3d57ab6015b6d22d3226db20bf89dfe279b8ba)
|
||||
|
||||
Intro
|
||||
|
||||
Due to what we've seen occur over the past weekend we are expecting a big influx of new members. I've seen threads from [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) and other subs finally catching on that the behavior we have seen recently is far from normal.
|
||||
|
||||
For the people who are not familiar with the situation it's fairly easy:
|
||||
|
||||
Market makers/brokers/ idiots involved with stocks have abused crypto's in order to stave off their margin calls, they did this by pumping up lots of low cap crypto's so they could show they had enough liquidity they would dump it, in order to have profit to redo their work again and again.
|
||||
|
||||
Effectively digging their own hole deeper and deeper.
|
||||
|
||||
So for the new apes joining, welcome to the jungle!
|
||||
|
||||
Also because some people did not read it, there have been some updates to the sub a few days ago [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) wrote up a thread about it and be sure to give it a quick look to make sure you're up to date.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nilq5f/the_great_ape_updation/>
|
||||
|
||||
[](https://preview.redd.it/c8mzsdnxh1171.png?width=600&format=png&auto=webp&s=8ce84030bea70fdd74e1d055d7d8e9cca2f7675e)
|
||||
|
||||
WO IST MEIN DEUTSCHE MARKT?!!
|
||||
|
||||
For everyone wondering WHY IS THERE NO GERMAN PREMARKET!!!???
|
||||
|
||||
it's due to Pentacost, it's a christian holiday so the german market is closed today, so expect the pre market volume to be even lower than normal.
|
||||
|
||||
Official AMA- Lucy Komisar Today
|
||||
|
||||
for the most up to date information regarding the AMA check out [this thread](https://www.reddit.com/r/Superstonk/comments/nj867u/official_ama_lucy_komisar_monday_may_24th_lucy/)
|
||||
|
||||
[](https://preview.redd.it/d6ejrm4og1171.png?width=831&format=png&auto=webp&s=028c5c6104ac0f81c8a68d61d15df63df39c68e8)
|
||||
|
||||
It seems the apes were early, but not wrong
|
||||
|
||||
MARGIN DEBT AT ALL TIME HIGH
|
||||
|
||||
This week is the week were the CEO's of a lot of major banks has to appear before congress... not entirely sure why but I remember there were a lot of this happening post 2008 crash stuff.
|
||||
|
||||
There is a thread about it [here](https://www.reddit.com/r/GME/comments/nj6iz0/ceos_of_major_banks_testifying_this_week_margin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which goes more in depth then I do.
|
||||
|
||||
May 26 at 12:00 PM ET: The Subcommittee on Oversight and Investigations will convene for a virtual hearing entitled, "Consumer Credit Reporting: Assessing Accuracy and Compliance."
|
||||
|
||||
May 27 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled, "Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies."
|
||||
|
||||
[Link To Committee Site](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407897)
|
||||
|
||||
[](https://preview.redd.it/im50fwvpd1171.png?width=960&format=png&auto=webp&s=e075b266780072fcc9f7a221a66b1fad9b86d651)
|
||||
|
||||
Today is the day.... again.... part 10
|
||||
|
||||
So let's look at a couple of indicators
|
||||
|
||||
[this thread](https://www.reddit.com/r/Superstonk/comments/nil0ww/sp_500_negative_yield_crescat_capital_letter_may/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/jealous_squash_1031](https://www.reddit.com/u/jealous_squash_1031/)
|
||||
|
||||
[](https://preview.redd.it/1msxqvsdf1171.png?width=960&format=png&auto=webp&s=faf3c53da7ccd281994041fa7278fcd10a9527d2)
|
||||
|
||||
this was one of the indicators Dr. Burry used
|
||||
|
||||
[](https://preview.redd.it/n832btyvg1171.png?width=640&format=png&auto=webp&s=8887cf8a93b35d6bc62cd9b037c4904232c20f25)
|
||||
|
||||
👀👀👀
|
||||
|
||||
[](https://preview.redd.it/vfeh3vahf1171.png?width=627&format=png&auto=webp&s=4aa9002eee60d94d262871cf08120d709fbf7881)
|
||||
|
||||
Just to go off of indicators... this looks like a huge market crash is coming very soon, not "Blizzard soon tm" but actually soon.
|
||||
|
||||
We have seen a lot of new rules get passed very fast recently, we have seen banks and hedgefunds burning the midnight oil and on weekends, we see every possible indicator possible pointing to a market crash (even crypto is being cashed out because they need money)... this is the stuff hypothesized would happen for a long time, and now it's here.
|
||||
|
||||
To the Crypto gang just joining us, welcome, if you guys need help feel free to help in the daily thread, apes like to help with anything 😉
|
||||
|
||||
[](https://preview.redd.it/e6wl931ei1171.png?width=554&format=png&auto=webp&s=ac1a26a22aa0c9a1bd51163b7d25b0002a3a1e5e)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/pczh5zlgi1171.png?width=400&format=png&auto=webp&s=be5ba28356309ec88b89decb77c45cb79fff95f7)
|
||||
|
||||
Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
162
Daily-Synopsis-Archives/2021-05-25-Synopsis.md
Normal file
162
Daily-Synopsis-Archives/2021-05-25-Synopsis.md
Normal file
@ -0,0 +1,162 @@
|
||||
The Daily Stonk 05-25-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nklmno/the_daily_stonk_05252021/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/pweknxznb8171.png?width=1600&format=png&auto=webp&s=46062698236d9e03945e61290c4aaebfdbaa873b)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/imbcjk6qb8171.png?width=680&format=png&auto=webp&s=50aa8b19aad14004e5cb9e29fbe47802b64d6660)
|
||||
|
||||
Shoutout to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||
|
||||
So the AMA yesterday had some technical difficulties, which in and of themselves suck to have. But I have to say I'm extremely proud of how my fellow mod handled the situation, as far as I know Pink had not done an AMA before but if you told me she did I would have believed you.
|
||||
|
||||
She handled it with grace and once Lucy couldn't reconnect she acted fast and well, stepping up and going on with the show like a true champ.
|
||||
|
||||
Seriously, kudo's for your work Pink 👏👏👏
|
||||
|
||||
A further write-up of the AMA can be found [here](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/)
|
||||
|
||||
[](https://preview.redd.it/idys9hptf8171.png?width=600&format=png&auto=webp&s=3f0683dbe9be4a67e8fc07748e94652f62cd7568)
|
||||
|
||||
RC Tweet
|
||||
|
||||
Steve floats to the top?
|
||||
|
||||
<https://twitter.com/ryancohen/status/1397047791889879041?s=20>
|
||||
|
||||
I know this is from "American Dad" and the kids name is Steve, he seems to be floating up.
|
||||
|
||||
Can be a shitpost or can be a message that has something to do with the float.
|
||||
|
||||
What's funny to know about this scene is (from memory) steve was a terrible swimmer and had Claus stuck in his swimming shorts to do the work, so could also be a reference to someone working behind the scenes?
|
||||
|
||||
Again could be a lot could be nothing.
|
||||
|
||||
Addendum: [u/ChemicalFist](https://www.reddit.com/u/ChemicalFist/) found out something interesting, there is an investing term called "underwater"
|
||||
|
||||
<https://www.investopedia.com/terms/u/underwater.asp>
|
||||
|
||||
[](https://preview.redd.it/biqdvptvp8171.png?width=960&format=png&auto=webp&s=59baff6bff93cf6fcb8fd99d3478c420d92339fd)
|
||||
|
||||
hmmmmmm interesting!
|
||||
|
||||
[](https://preview.redd.it/hvc3s9pqd8171.png?width=700&format=png&auto=webp&s=dc86e43cefd12b1484611ca50990145994b1ceff)
|
||||
|
||||
When in doubt, zoom out
|
||||
|
||||
[](https://preview.redd.it/uaskll7le8171.png?width=960&format=png&auto=webp&s=c6c4c5f09fe93f8437b4be60075ab2651a282d7c)
|
||||
|
||||
It's been on a two week rise, even if the "daily" profit was gone by a flash, look at the chart it's still ok.
|
||||
|
||||
Slow and steady my friends, slow and steady.
|
||||
|
||||
We've been saying this for a long long time, the Moass is like Gandalf, it will come when it is meant to, just hodl, chill out and see what happens.
|
||||
|
||||
This was never meant for a quick buck, or whatever, re-view Deepfuckingvalue's videos where he talks about diamond handing, look at Mark Cuban's ama on wsb.
|
||||
|
||||
This was never going to be easy or fast, so sit your monkey ass back, share a banana with a friend and have some laughs. Because we are still waiting on the annual shareholders meeting.
|
||||
|
||||
If after the shareholders meeting they see that there is an extremely high amount over votinging they won't take action that exact day, they'll go through their legal channels and it may be a few weeks before we hear about it (trust me they want/need to do everything above board) this is because they can file lawsuits against the bad actors and get "damages" paid.
|
||||
|
||||
But that's all speculation, all I'm trying to say is learn to be zen, it will come when it comes.
|
||||
|
||||
[](https://preview.redd.it/buzmqhrdg8171.png?width=640&format=png&auto=webp&s=d58dc32b49e594027ab7b207dbb35e26ecbbbf44)
|
||||
|
||||
Crypto SUUUUUUUUUBS
|
||||
|
||||
Ok guys real talk here for a sec, we have had some cryptobro's along our side for quite some time now, people actively posted on my thread yesterday saying they were here from jan/feb ish but never posted, so this is awesome to have more people aware of all of this.
|
||||
|
||||
The one thing that isn't cool however, is going on THEIR subs and saying they should get into GME/AMC/ANYTHING
|
||||
|
||||
Imagine how you would react if someone came in here trying to push Bitcoin/Etherium/Dogecoin ? You'd get upset right? so please understand that if they want to post about GME they'll come here, but we should in no way brigade their subs
|
||||
|
||||
[](https://preview.redd.it/5x888rwph8171.png?width=640&format=png&auto=webp&s=503c253a8e7816ea1f387fc2ec3534da27915089)
|
||||
|
||||
Italian bank collapses on exposure to Greensill and GFG
|
||||
|
||||
<https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda>
|
||||
|
||||
there is a thread about it right [here](https://www.reddit.com/r/Superstonk/comments/nk3ddb/italian_bank_collapses_on_exposure_to_greensill/gzamro3?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
Be sure to give it a read ;)
|
||||
|
||||
[](https://preview.redd.it/glflhpk5i8171.jpg?width=512&format=pjpg&auto=webp&s=2a8d315254e1a3173bfa5dcb29da3ab1ff533a94)
|
||||
|
||||
Sen Elizabeth Waren: wants to bar congress from trading individual stocks
|
||||
|
||||
<https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5?international=true&r=US&IR=T>
|
||||
|
||||
TL:DR Congress abuses their knowledge of stocks (like with the covid crash) and profits and outperforms the market, if this moves forward they wont be able to do that anymore.
|
||||
|
||||
Nice to see some people actually making waves.
|
||||
|
||||
[](https://preview.redd.it/3nuz7qmwi8171.png?width=1600&format=png&auto=webp&s=e36636a3e11ab200b8301cc8d0fb4ad1d8908f9c)
|
||||
|
||||
Bitcoin wallet ?
|
||||
|
||||
According to [THIS](https://www.reddit.com/r/Superstonk/comments/nkde38/bitcoin_address_activity_appear_to_mirror_gme/) post, there seems to be a bitcoin wallet moving at against GME, now I'm not wrinkle brained enough to understand this, but I hope I can bring this to the attention of smarter apes here who could be willing to help and research this OP, and maybe find some more stuff out.
|
||||
|
||||
[](https://preview.redd.it/n13zn4k4k8171.png?width=640&format=png&auto=webp&s=3cd0bea93696315fadb950b5682064f8b2be2a12)
|
||||
|
||||
Gamestop New Filing
|
||||
|
||||
<https://gamestop.gcs-web.com/node/18896/html>
|
||||
|
||||
Gamestop just released their "Form SD" or "Special Disclosure" on **Conflict Minerals Disclosure and Report.**Be sure to give it a read and a once over
|
||||
|
||||
[](https://preview.redd.it/hq54qcmej8171.png?width=554&format=png&auto=webp&s=125db23967823382afaafcf3f2545fd8c3da921e)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/1gslsm4hj8171.png?width=400&format=png&auto=webp&s=cfdfaa1e23aebb523c314887ced099b533bef9fa)
|
||||
|
||||
Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
And yes this is not being posted through Automod, Automod does not let me edit my posts after they have been posted (I'm currently looking into it if it's at all possible to do, because if new news comes out during the day it is important to add in here, then I want to add it in, instead of making 30 posts a day).If someone smart could perhaps help me with the automod posting and editing of posting please let me know in a comment!
|
258
Daily-Synopsis-Archives/2021-05-26-Synopsis.md
Normal file
258
Daily-Synopsis-Archives/2021-05-26-Synopsis.md
Normal file
@ -0,0 +1,258 @@
|
||||
The Daily Stonk 05-26-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlcyfx/the_daily_stonk_05262021/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/a5yv387dkf171.png?width=1600&format=png&auto=webp&s=ee61b1b888ecdacbf02623f0cb545bb9c4086385)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/tcqbdc6gkf171.png?width=680&format=png&auto=webp&s=c36976b3db22cea9b69877a196dce94360396a4d)
|
||||
|
||||
Ok this one is a little obligatory
|
||||
|
||||
[](https://preview.redd.it/9z5xwnmjkf171.png?width=960&format=png&auto=webp&s=1734a4cc62e1c6b39337364df11412e0f66cb073)
|
||||
|
||||
Happy 200, glad to see you again my old friend.
|
||||
|
||||
But let's go with the news
|
||||
|
||||
[](https://preview.redd.it/x1dadtwpkf171.png?width=640&format=png&auto=webp&s=2590f499ef55702360c92afd0d44dce09df53982)
|
||||
|
||||
Cramer and Bear Stearns
|
||||
|
||||
So everyone has seen the big short by now right?
|
||||
|
||||
At the ending of the movie you can see Mark Baum at a conference and a guy talking about how his bank is still ok, while the rest of the room is getting updates on their phones that the stock is plummeting, this is what happened with Bear Stearns and Jimmy Cramer.
|
||||
|
||||
Bear Stearns was one of the biggest banks in terms of stock brokering in the world at the time. and Jim Cramer told others to "buy buy buy" as he so often does with his soundboard. the problem however was that at the time BS was trading around $62 usd, only five days later they got bought out by Jp Morgan for $2 usd a share. (bailed out by them).
|
||||
|
||||
Now from this came a joke of sorts, always do the opposite of what Cramer says (even long before we apes came along), sometimes he has a good thing in there and some actual good advice but more then not I'd say the inverse is true.
|
||||
|
||||
Now Jim Cramer has a great background as a hedgefund manager and entertainment personality, both come with great connections to the right people, so you'd think he would know whatsup and give better advice than most people could as just a tv personality, but here we are again, another "Bear Stearns is FINE" moment, there have been people screaming about the inflation of the USA going insanely high (prices of food, lumber and metals going up) and JPOW is screaming "nah it's all ok"
|
||||
|
||||
I'm hardly an expert or someone who is allowed to use scissors without supervision, but by all the markers it seems that the USA economy is circling the drain right now, with reverse repo rates getting higher by the day, inflation rising, CBOE VIX spiking every other day, M1 surging....
|
||||
|
||||
Yeah this feels like another "Bear Stearns" situation to me.
|
||||
|
||||
[](https://preview.redd.it/7brl8wioof171.png?width=857&format=png&auto=webp&s=4debd99f223a76f9f53a544b2dc6ee32ecfb7869)
|
||||
|
||||
reverse Repo going up again
|
||||
|
||||
SR-ICC-2021-009
|
||||
|
||||
<https://public-inspection.federalregister.gov/2021-11083.pdf>
|
||||
|
||||
This beauty is going to be filed today.
|
||||
|
||||
I'd say give it a good read, I personally love page 6 and 7
|
||||
|
||||
"establishing a risk-based margin system" hmmmm Kenny be sure you have your phone on buddy ;)
|
||||
|
||||
[](https://preview.redd.it/42xlo4ksof171.png?width=828&format=png&auto=webp&s=a09af119e2515a6b6edd7812610889cfedb69497)
|
||||
|
||||
To big to fail
|
||||
|
||||
Today the senate banking committee will hold its hearing on may 26th at 10 A.M. what the hearing is about or what they're going to talk about is unknown, the same is for tomorrow the house financial services committee will be holding it's hearing at the 27th at noon
|
||||
|
||||
Its indicated that the biggest banks ceo's will be hauled in front of congress, just like in 2009
|
||||
|
||||
the following CEO's will be attending and scheduled to testify
|
||||
|
||||
1. Jamie Dimon - JPMorgan Chase
|
||||
|
||||
2. David Solomon - Goldman Sachs
|
||||
|
||||
3. Jane Frase - Citigroup
|
||||
|
||||
4. James Gorman - Morgan Stanley
|
||||
|
||||
5. Brian Moynihan - Bank of America
|
||||
|
||||
6. Charles Scharf - wells fargo
|
||||
|
||||
I currently do not have a link to where we can view/stream these hearings but if a smart ape finds out let me know and I will update it here
|
||||
|
||||
Big thank you to [u/sky_is_not_the_limit](https://www.reddit.com/u/sky_is_not_the_limit/) for finding these:
|
||||
|
||||
Hearing for today, 26th 10 am
|
||||
|
||||
<https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms#>
|
||||
|
||||
House financial comittee, 27th noon
|
||||
|
||||
<https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756>
|
||||
|
||||
[](https://preview.redd.it/rggptmqvof171.png?width=828&format=png&auto=webp&s=867c0be332be1762180610c835e6b3dbdb30bc5e)
|
||||
|
||||
For the new apes among us
|
||||
|
||||
First of all welcome!
|
||||
|
||||
Second, for the people who see this and think "Woah dude" be sure to chill and read some DD we have posted around here, while going up over 200 is nice we are up institutional gamblers *cough Shitadel*
|
||||
|
||||
These guys will do everything to win so they wont go "fuck it, they've won" they'll fight till the last nickel is done for, so even though its awesome to see, don't think you've won until it's way over.
|
||||
|
||||
Again read the DD, take in as much info as you can, and double check everything, never trust anyones word, always do your own DD.
|
||||
|
||||
Knowledge is the weapon against all FUD
|
||||
|
||||
[](https://preview.redd.it/ieiirzhupf171.png?width=510&format=png&auto=webp&s=af389726d3196916e9274c8575c42998e8bfbf95)
|
||||
|
||||
IS IT A BIRD? IS IT A PLANE?
|
||||
|
||||
I will be adding a big part on the NFT and blockchain stuff here later today be sure to come back and check it (I'd rather take my time to double check everything and the possibilities with it before making claims that may be wrong).
|
||||
|
||||
The big news comes down to something fucking awesome
|
||||
|
||||
- First Actual use of the NFT to use as a service or goods
|
||||
|
||||
- NFT based preorder items
|
||||
|
||||
- Perhaps a crypto dividend
|
||||
|
||||
- Power up rewards can become part of the blockchain
|
||||
|
||||
- reselling of digital games
|
||||
|
||||
- Digital marketplace.
|
||||
|
||||
If any of these are going to be implemented, congrats RC you've just killed off Steam
|
||||
|
||||
But again I'll be diving deeper into the entire crypto part and will be coming back here later today to update it with as much info as I can find.
|
||||
|
||||
[](https://preview.redd.it/mqe42y2lqf171.png?width=554&format=png&auto=webp&s=005491bcd8e21ed8088469d4116d67ddcd363e71)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/jh1v3b0sqf171.png?width=400&format=png&auto=webp&s=d8cb0bc7d15aedb90561e26691aa61ac208320b8)
|
||||
|
||||
Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Little side note: I wont be posting through Automod anymore because it takes away the ability to edit the posts once posted :( if anyone found a way around this by any chance please let me know because I'd love to just use automod but I need to be able to edit.
|
||||
|
||||
Be sure to check in for updates throughout the day!
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
Gamestop Cryptoshop
|
||||
|
||||
Ok I have to preface this that my crypto knowledge is extremely limited, and I will have to go off of information of smarter apes which have posted here, so if anything is incorrect in this next segment please feel free to correct me.
|
||||
|
||||
Now first of some things we know for sure (or think we know for sure).
|
||||
|
||||
the address where you can find the info is <https://nft.gamestop.com/>
|
||||
|
||||
There is a small game hidden in there, with the squeezable cat toy, its the little pixel on the top right of the website if you click that you get the game.
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
The token was created around the time of Ryan Cohens tweet
|
||||
|
||||
<https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e>
|
||||
|
||||
^ address with all info and age.
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
Do not buy any Crypto's because people say "this is Gamestops Crypto" When GME will launch their crypto for to be able to buy, expect Gamestop to offer some sort of press statement, the crypto landscape is littered with scammers so be very careful please.
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
The platform they are using is Etherium and some information about that can be found here:
|
||||
|
||||
<https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum>
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
The GME crypto will launch on July 14th, Bastille day.
|
||||
|
||||
[](https://preview.redd.it/ttjgz0y8ag171.png?width=828&format=png&auto=webp&s=cc8a9fab35715616a44f544442dc7357c67a4207)
|
||||
|
||||
<https://en.m.wikipedia.org/wiki/Bastille_Day>
|
||||
|
||||
This was found by [u/jakksquat7](https://www.reddit.com/u/jakksquat7/) in his thread [here](https://www.reddit.com/r/Superstonk/comments/nl2vld/july_14th_the_date_of_the_gme_crypto_coin_launch/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
Another thing we know for sure is that this does not automatically mean there will be a crypto dividend, but the possibility of one just rose exponentially. As GME themselves have not made a public statement about this we don't know for sure if it will happen, but again it seems like the chances just rose exponentially.
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
[](https://preview.redd.it/v5gpt5gqag171.png?width=500&format=png&auto=webp&s=54e00366b5333b2d6bfb5dd45317b0338fd311f3)
|
||||
|
||||
------------------------------------------------------------
|
||||
|
||||
NFT's have not been used for "useful" transfers, meaning up until now you could buy digital artwork, or a videoclip. With Gamestop getting into the NFT business we might see the first implementation of "useful NFT".
|
||||
|
||||
With useful I don't mean to say the previous stuff wasn't, but useful is more defined in the sense of something you can actually use as a product.
|
||||
|
||||
This can be implemented in lots of different ways as I've come to understand it, as with the blockchain you can get verified data. meaning one could in theory use it to sell and resell digital assets.
|
||||
|
||||
So they could in theory make a "Steam" like store, but with the option of selling your digital games, or selling cosmetic items (players of Warzone/Fortnite/CSGO and others may be familiar with this and know that custom skins can sometimes go for big money), also as I understand it is that the original creator gets a cut of the profits if it gets resold.
|
||||
|
||||
The old model was:\
|
||||
Player buys physical model in store\
|
||||
80% of the profit is for the store, 10% for the publisher 10% for the creator (just an example), but once the game got traded in and resold the profit was 100% for the store selling this game.
|
||||
|
||||
Now in the digital marketplace we see people like Valve and Apple having a monopoly (their cut is usually around 30ish %) but there is only one sell and it's done
|
||||
|
||||
With the new model it could be possible a player plays a game, is done with it and wants to sell it, now lets say it gets sold on GME's marketplace as an NFT, the original creator/publisher of the game will get a cut of each sale on the secondhand digital market, this incentivises them to participate as it creates a secondary (passive) income stream for them.
|
||||
|
||||
Also you could have more weight behind digital versions of "collectors editions"
|
||||
|
||||
The same could also be used for "save files", in game currency, specific partnerships (for example twitch or SLGG or Microsoft) to make an easy method to pay across all platforms with a simple click of a button, and GameStop as a company can earn a passive income stream from "transaction fees" (for example 1 cent per sale, if you have thousands a day that still racks up a nice sum).
|
||||
|
||||
The same could also be used for actual physical items, they could combine their powerup rewards program with this, or Pre ordering, curbing scalpers (seeing they sell both consoles and graphics cards now who knows?)
|
||||
|
||||
This could nullify the Piracy argument and need for bad antipiracy locks ( LOOKING AT YOU DENUVO DRM), because the item could be verified via nft blockchain.
|
||||
|
||||
Cross platform games or cross platform avatars, as in theory (as far as I understand) your entire gamer profile could be an NFT
|
||||
|
||||
Regardless of what Gamestop decides to use their NFT technology for, I am thrilled to just even think about all the possibilities that this technology brings with it. and as someone who has never really dabbled with crypto that much, this is exciting to see crypto come very close to physical stores.
|
||||
|
||||
Again boilerplate not financial advice and I know jack shit about crypto, but I like this stock and I'm excited to see the future
|
216
Daily-Synopsis-Archives/2021-05-27-Synopsis.md
Normal file
216
Daily-Synopsis-Archives/2021-05-27-Synopsis.md
Normal file
@ -0,0 +1,216 @@
|
||||
The Daily Stonk 05-27-2021 Daily News 🦍💎🙌🚀
|
||||
==============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm3v69/the_daily_stonk_05272021_daily_news/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/p7ax6xdjpm171.png?width=1600&format=png&auto=webp&s=5d6b0f796524fd55169b33472a462480f1de6a7f)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/nadlij5lpm171.png?width=680&format=png&auto=webp&s=0ffb49b8064b6339dac769268dc4fabbadd47e47)
|
||||
|
||||
Ok lets start off with a couple of obligatory things:
|
||||
|
||||
1st because Ryan Cohen likes southpark this seems fitting
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
vote or die - p diddy
|
||||
|
||||
Be sure to vote!
|
||||
|
||||
Fellow mod [u/nauaf101](https://www.reddit.com/u/nauaf101/) made a good thread surrounding how to vote, what banks do what etc.
|
||||
|
||||
be sure to check it out [here](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)
|
||||
|
||||
Second our in house super big brain [u/atobitt](https://www.reddit.com/u/atobitt/) has written the banana opus be sure to give it a read
|
||||
|
||||
[Citadel has no clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
|
||||
|
||||
[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of cards part one](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)
|
||||
|
||||
[House of cards part two](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/)
|
||||
|
||||
[House of cards part three](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/)
|
||||
|
||||
I've not personally had the chance to read the latest two parts but I do know these have been fact checked by [u/dlauer](https://www.reddit.com/u/dlauer/) and Dr T and it seems they check out!
|
||||
|
||||
So this will make for an interesting read today!
|
||||
|
||||
[](https://preview.redd.it/kh7m19bdrm171.png?width=960&format=png&auto=webp&s=130380e04f5dd28716058e233b881ad69901ded7)
|
||||
|
||||
They closed them in January? then how do you lose.... ooooooh
|
||||
|
||||
In a recent Reuters article we can read that the short sellers have lost $754 million on Tuesday alone
|
||||
|
||||
<https://www.reuters.com/technology/gamestop-amc-short-sellers-lost-754-mln-after-tuesdays-rally-ortex-2021-05-26/>
|
||||
|
||||
I keep hearing about they supposedly closed their position, we see strange behavior with the stock (FTD cycles) deep money options accumulating beyond the float, glitches showing up which we hypothesise may be shares which may be the number of shares which almost become FTD
|
||||
|
||||
This is far from over imo
|
||||
|
||||
[Volume glitches](https://www.reddit.com/r/Superstonk/comments/nliz0i/volume_glitches_surrounding_t21_dates_finra_rule/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
But seeing we had some good days I need to remind everyone of my favorite leather bound book series
|
||||
|
||||
[](https://preview.redd.it/gq8qomabtm171.png?width=460&format=png&auto=webp&s=cadb7774a0a19d6eaf4ce317b99a20c702f70941)
|
||||
|
||||
it's not over till it's over, so until then expect everything can happen, the only thing we can know for sure is that the stock can go up, go down but one thing we know for a fact the line will go from left to to right.
|
||||
|
||||
But until its over, all we have to do is wait and hodl.
|
||||
|
||||
[](https://preview.redd.it/48lool9tum171.png?width=586&format=png&auto=webp&s=8e5fa530ccac6a54329e701cbce92fa0fc97a81d)
|
||||
|
||||
Let me do make it clear this is a cool thing that Ortex is reporting this but ortex also says gme only has a SI% of 17% (which would mean that for them to lose that much in the past 3 days the price would need to be 2k+) so take it with a grain of salt. all I know is that my college math professor would fail them.. hard.
|
||||
|
||||
0:00
|
||||
|
||||
0:21
|
||||
|
||||
after yesterday r/superstonk waiting for the opening bell
|
||||
|
||||
Reverse Repo... Again?
|
||||
|
||||
[](https://preview.redd.it/1mfirg4pum171.png?width=1440&format=png&auto=webp&s=043b003683e9ec674bdfdf6e66db9e151a29ffe4)
|
||||
|
||||
Ok this one is something that makes me scratch my smooth brain quite a bit, the repo's are being used like... alot, and they keep increasing every day I remember somewhere last week or so these numbers where in the 300 now they're at 450 for yesterday.
|
||||
|
||||
let me explain with some links
|
||||
|
||||
<https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response_to_the_post_about_the_reverse_repo_limit/gze53hp/>
|
||||
|
||||
[u/Carb0n12](https://www.reddit.com/u/Carb0n12/) was a kind enough ape that went through all participants and listed them for us in the above link.
|
||||
|
||||
then [u/Believer109](https://www.reddit.com/u/Believer109/) made a thread [here](https://www.reddit.com/r/GME/comments/nljwua/a_user_on_ddintogme_has_discovered_that_54_out_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) but I'll quote his post here for ease of reading.
|
||||
|
||||
```
|
||||
All credit to /u/Carb0n12 and /u/BlindAsBalls for this post which is buried
|
||||
in a good DD about the FED's Reverse Repo process.
|
||||
|
||||
What does this mean???
|
||||
|
||||
Well, it means that there are 58 total institutions participating in the SOMA.
|
||||
There is a hard limit on the value of the SOMA ($7.3T),
|
||||
but an individual institutional limit of $80B each.
|
||||
Last night we hit $433B total and we know that there were 54
|
||||
Reverse Repos (again, out of 58 eligible institutions).
|
||||
|
||||
It is very very likely that one of the bigger banks or players
|
||||
on that list will hit their $80B limit very soon,
|
||||
perhaps as soon as this week or even today,
|
||||
meaning they would be forced to margin call HFs for the difference.
|
||||
|
||||
Not financial advice.
|
||||
All credit to the users who did the due diligence,
|
||||
just trying to bring attention to this.
|
||||
It's huge.
|
||||
|
||||
```
|
||||
|
||||
Thanks for researching this guys, it seems that this in and of itself is... bad (for the economy) but it's not like we're facing hyperinflation or another crashing housing crisis right?
|
||||
|
||||
Welp... fuck
|
||||
|
||||
[u/Sh0w3n](https://www.reddit.com/u/Sh0w3n/) made a thread [here](https://www.reddit.com/r/Superstonk/comments/nljmgp/hello_the_big_short_hello_michael_burry_over_21/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
And take a wild fucking guess... Over 2.1 million mortgages are ''seriously delinquent'' (have not paid for more than 90 days) and in total 8.2 million mortgages are "behind" so we will most likely be facing another 2008... again, but seeing what we can now see (and know) of the stock market this will be a 2.0 and worse.
|
||||
|
||||
[](https://preview.redd.it/13762xpsvm171.png?width=600&format=png&auto=webp&s=af08c9c336bc46bc61e73942b7f6e9559d3f6bd4)
|
||||
|
||||
He did what!?
|
||||
|
||||
Ok first of all let me boilerplate this, I thought it was hilariously fucked up, but here is the thing, we can't do that kind of shit here, we are a stock board and even though we may have some juvenile or crude humor from time to time, this is where we have to draw the line.
|
||||
|
||||
Because if we don't what's next? someone taking a crap on their bosses desk? or worse.
|
||||
|
||||
I'm just saying it's all fun and games, but that stuff we gotta keep off of here.
|
||||
|
||||
[](https://preview.redd.it/9pru2uugwm171.png?width=500&format=png&auto=webp&s=27435aefb42f375d947337187be03d61961a0853)
|
||||
|
||||
Ok so some last stuff before I go today, here are a couple of links which I believe might be interesting for you guys!
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nlr9n7/one_of_our_own_apes_called_this_run_up_a_week_ago/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nfodjb/there_was_never_a_wedge_wyckoff_accumulation/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||
|
||||
<https://www.reddit.com/r/wallstreetbets/comments/nlmlev/daym_it_feels_good_to_be_a_gme_hodler_in_times/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||
|
||||
[](https://preview.redd.it/fudmlucuwm171.png?width=554&format=png&auto=webp&s=c725b84568142f991da3b03d397182aefffdfd49)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/pdonx5vwwm171.png?width=400&format=png&auto=webp&s=b98ff9e8d9507bfc692528c22fcea8fd200974ba)
|
||||
|
||||
emember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Edit:
|
||||
|
||||
Our Swedish apes can now votehttps://www.reddit.com/[r/Superstonk](https://www.reddit.com/r/Superstonk/)/comments/nm39ni/breaking_the_swedish_broker_avanza_will_finally/
|
||||
|
||||
Edit 2:Cramer flipped.... again
|
||||
|
||||
<https://www.youtube.com/watch?v=o8dhFQKHRsk&ab_channel=CNBCTelevision>
|
||||
|
||||
not sure what to make of this 🤷♂️
|
||||
|
||||
Edit 3
|
||||
|
||||
ETORO WILL LET YOU VOTE!
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nm78os/etoro_vote_to_be_announced_tomorrow/gzmwjoh/?context=3>
|
||||
|
||||
More news to come on this, also I can not personally verify this Email so.. grain of salt and all that.
|
||||
|
||||
Edit 4
|
||||
|
||||
House financial committee hearing, 27th noon
|
||||
|
||||
<https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756>
|
184
Daily-Synopsis-Archives/2021-05-28-Synopsis.md
Normal file
184
Daily-Synopsis-Archives/2021-05-28-Synopsis.md
Normal file
@ -0,0 +1,184 @@
|
||||
The Daily Stonk 05-28-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmsqhr/the_daily_stonk_05282021/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/p3yfpss97t171.png?width=1600&format=png&auto=webp&s=825ffd179bc212c737f844969d365702c1f58530)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/68e62rxa7t171.png?width=680&format=png&auto=webp&s=8cd05d5b888f0e83fb63311336b019f1f35a1187)
|
||||
|
||||
Let's start with the basics once more!
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
|
||||
|
||||
Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
|
||||
|
||||
Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
|
||||
|
||||
([some 6/9 reading right here quoting Queen kong Dr T](https://www.reddit.com/r/Superstonk/comments/nm9kuc/getting_your_hopes_up_on_the_69_vote_is_fud/?utm_source=share&utm_medium=ios_app&utm_name=iossmf))
|
||||
|
||||
[](https://preview.redd.it/754fz228ct171.png?width=500&format=png&auto=webp&s=e9a25097bb62cc42c950fef6bb8d50e8fccfe343)
|
||||
|
||||
Rip Harambe
|
||||
|
||||
Today marks the 5th anniversary of our OG King.
|
||||
|
||||
Let's all take a second of silence and pay our respects for Harambe, Never to be forgotten.
|
||||
|
||||
Ook ook oook!
|
||||
|
||||
[](https://preview.redd.it/o1vo7pd0gt171.png?width=960&format=png&auto=webp&s=4500fae62893c1f614c5dd02aa8a3af0bdefb7a2)
|
||||
|
||||
The 411 on AMC
|
||||
|
||||
Now there has been some discussion going on here over the past few days, and the mod team and others have noticed something, a metric fuckton of shills.
|
||||
|
||||
To be clear on the AMC situation I need everyone to be clear on a few aspects. (which I will go into a little detail below)
|
||||
|
||||
- there are genuine apes who hold AMC
|
||||
|
||||
- Amc has been seen as a distraction
|
||||
|
||||
- There is a theory that Adam Aron is a plant
|
||||
|
||||
- People who are trying to divide apes
|
||||
|
||||
There are genuine apes who hold AMC
|
||||
|
||||
Remember we have been seeing the same behavior happening with GME BB NOK AMC and other very heavily shorted stocks, as a lot of people joined in the long long ago of January we have seen apes buy more than just GME. So keep in mind there are people here who own AMC and they are genuine, and we should be happy for them
|
||||
|
||||
Amc has been seen as a distraction
|
||||
|
||||
Due to the nature of Citadel filings ([found here](https://www.reddit.com/r/Superstonk/comments/nmd04p/according_to_fintel_citadel_increased_their_long/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) they have increased their long position on AMC to 163%, meaning they could be using the AMC squeeze the stave off a margin call, as we have theorised for months now they would pump another stock as a distraction (just like we have seen happen with certain crypto like CXC) in the hopes that the apes would FOMO into the other stock.
|
||||
|
||||
Little did they know that we already figured this strategy out since February, and it's ok, just imagine if the AMC apes took their AMC squeeze tendies and put them in GME, that's the point that SHF's forget, we can keep retarded longer than they can remain solvent.
|
||||
|
||||
There is a theory that Adam Aron is a plant
|
||||
|
||||
Now there has been a theory floating around that AA may be a plant by SHF just like Jim Bell(end) was for GME, this in and of itself is not a weird theory as if you look into things like this is it's not out of the ordinary for things like this to happen.
|
||||
|
||||
Because if this is true (and lets for a second hypothesize that it is) if you were to make billions or go tits up, would you instal someone in the company you want to do this with to make sure this happens? because I would, now is there also a case to be made for AA just being... well AA and nothing more?Yes! both options are possible as of right now as we have not found exclusive evidence of either, meaning we can't rule out either.
|
||||
|
||||
[link going into that a bit here](https://www.reddit.com/r/Superstonk/comments/nmnfby/apes_under_attack_how_hedge_funds_and_banks_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
People who are trying to divide apes
|
||||
|
||||
This one is the easiest, I've been posting since January that people should be Excellent to each other, and for the most part people have listened, for which we (the mods and fellow apes) are extremely thankful for because if we just were dicks to one and other this would've ended a long time ago.
|
||||
|
||||
We have now cultivated a culture of extreme helpfulness, kindness and generosity, this is our biggest strength because due to that we have formed a community which helps one and other in such an effective way that shills usually have zero ammo to fight with.
|
||||
|
||||
Now if you look at this culture, this sub, and apes on other subs, the culture remains fairly much the same.
|
||||
|
||||
Now AMC had a spike yesterday, and suddenly OUT OF FUCKING NOWHERE, apes start "fighting" but when you look into them they're either fairly new accounts, or all they're doing is trolling across all kinds of subs, so what does that tell you? for me it's easy, that's a shill
|
||||
|
||||
So just don't engage, if a person is "fighting" with you verbally and you just don't respond there is no problem because it takes two to fight, just ignore the shills who want to fight, be nice and done
|
||||
|
||||
([some reading regarding AMC](https://www.reddit.com/r/Superstonk/comments/nmhm1s/amcs_spike_today_and_what_it_means_for_gme_hfs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) pump possible)
|
||||
|
||||
Just remember MSM has never been on our side this entire time, we have not trusted them for the longest time because they inaccurately reported everything, don't start trusting their bs now, even if it feeds your confirmation Bias. (this includes Jimmy Cramer suddenly saying "YeAh Im On YoUr Side NoW" piss off Jimmy
|
||||
|
||||
[](https://preview.redd.it/z15owkhset171.jpg?width=960&format=pjpg&auto=webp&s=c6530f6415af48014682b556c506dfdece83009d)
|
||||
|
||||
be like water, and chill
|
||||
|
||||
Reverse repo now reaches $485 Billion
|
||||
|
||||
Just eum... gonna leave this here as this is an all time high...
|
||||
|
||||
<https://www.ft.com/content/cdec7f2e-6129-412c-b118-8906a2a0f92f>
|
||||
|
||||
[](https://preview.redd.it/a28vz7b0ft171.png?width=1080&format=png&auto=webp&s=15ab8f862d3fc4a88df0cb8dcf6a8ae84a17e3f1)
|
||||
|
||||
Just... totally normal to see this.... 👀....
|
||||
|
||||
[](https://preview.redd.it/5ha2ja4oft171.png?width=960&format=png&auto=webp&s=3f619b78c45d20ff8af2333ab11b5abe456d29f4)
|
||||
|
||||
[WTF DID HE JUST SAY? (VIDEO)](https://www.reddit.com/r/Superstonk/comments/nmiygi/unmitigated_disasterdamage_united_states_for/?utm_medium=android_app&utm_source=share)
|
||||
|
||||
Did this dude just say the treasuries are close to defaulting ?????
|
||||
|
||||
Wasn't this... like HOC1's thesis?*looks at repo... *looks at videofuuuuck
|
||||
|
||||
[](https://preview.redd.it/gm6pn6al9t171.png?width=960&format=png&auto=webp&s=5d474983a3ad00bceee6a708424b4f066ed8cc62)
|
||||
|
||||
SR-OCC-2021-003 approved - That one was needed for SR-OCC-2021-801
|
||||
|
||||
<https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf>
|
||||
|
||||
thanks to [u/C3ll3](https://www.reddit.com/u/C3ll3/) their thread [here](https://www.reddit.com/r/Superstonk/comments/nmjbov/srocc2021003_approved_that_one_was_needed_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.*This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation.Filed 2021-02-24Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed)
|
||||
|
||||
*This paragraph is from [u/nothingbuttherainsir](https://www.reddit.com/u/nothingbuttherainsir/) [DD](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) (very interesting please go give it a read).
|
||||
|
||||
[](https://preview.redd.it/ma6vlwg8ht171.png?width=758&format=png&auto=webp&s=c1ca694e4945dedb6fb7e3c8e8a35423d88628de)
|
||||
|
||||
To summarize:
|
||||
|
||||
The stars are aligning but expect fuckery, if you see someone fighting someone else because they hold another stock let them be and ignore them (old 4chan saying "don't feed the trolls"), be kind, check your own bias and be excellent to everyone!
|
||||
|
||||
Amc apes are still apes, all apes are friends, but remember this sub is GME focussed.
|
||||
|
||||
[](https://preview.redd.it/izturryvht171.png?width=554&format=png&auto=webp&s=132d9b3cc33e59d2dff499d8b9f9362d5a2ccbfb)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/gval82iyht171.png?width=400&format=png&auto=webp&s=2155b97e25c57656405e297dd6cd0387cb26b803)
|
||||
|
||||
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Also a side note, The NYSE will be closed on Monday the 31st for Memorial day. just so no one forgets ;)
|
||||
|
||||
~~Addendum:~~ ~~the stock market will also be closing earlier today, at 2 p.m.~~
|
||||
|
||||
I accidentally mixed up the NYSE and the BONDS market, my bad
|
44
Economic-Crisis/2021-05-07-FED-Signals-Trouble-Ahead.md
Normal file
44
Economic-Crisis/2021-05-07-FED-Signals-Trouble-Ahead.md
Normal file
@ -0,0 +1,44 @@
|
||||
FED signals trouble ahead. Buckle up. (Not setting dates, this is not a hype post).
|
||||
===================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Vipper_of_Vip99](https://www.reddit.com/user/Vipper_of_Vip99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6yz3l/fed_signals_trouble_ahead_buckle_up_not_setting/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
Many of us have assumed that the MOASS will be paralleled by a broad and significant market downturn. Given that the SEC, FED, DTCC and other agencies and institutions know roughly how GME may play out, it would not be surprising to see the FED telegraph the MOASS (and accompanying market correction/crash) in advance. Thus, I have been keeping an eye out for signals from the FED.
|
||||
|
||||
Let me assume for a minute that the quotes CNBC pulled for this article are accurate:
|
||||
|
||||
<https://www.cnbc.com/amp/2021/05/06/fed-warns-of-possible-significant-declines-in-stocks-as-valuations-climb.html>
|
||||
|
||||
These would be statements by the FED in their semiannual Financial Stability Report. I haven't had a chance to find the original source. Edit see source link below. 🐻 Bear with me. Here are some quotes from the FED:
|
||||
|
||||
"High asset prices in part reflect the continued low level of Treasury yields. However, valuations for some assets are elevated relative to historical norms even when using measures that account for Treasury yields," the report states. "In this setting, asset prices may be vulnerable to significant declines should risk appetite fall."
|
||||
|
||||
This is bearish for the markets.
|
||||
|
||||
"In an accompanying statement, Fed Governor Lael Brainard said the situation bears watching and points out the importance of making sure the system has proper safeguards. She specifically mentioned having banks increase their capital requirements during economic expansions as a buffer against downturns."
|
||||
|
||||
Ok....warning banks about capital requirements/liquidity....
|
||||
|
||||
"Vulnerabilities associated with elevated risk appetite are rising. Valuations across a range of asset classes have continued to rise from levels that were already elevated late last year," Brainard said. "The combination of stretched valuations with very high levels of corporate indebtedness bear watching because of the potential to amplify the effects of a re-pricing event."
|
||||
|
||||
Ok now basically straight up warning of a "re-pricing event". I think they mean correction? The above is a clear warning about "corporate indebtedness" (read: LEVERAGE). Don't believe me?
|
||||
|
||||
"The Fed goes into a few specific scenarios that show potential risks to the system. It specifically talked about the Archegos Capital Management episode, when the firm could not meet margin calls, causing several large banks to take big losses."
|
||||
|
||||
"While broader market spillovers appeared limited, the episode highlights the potential for material distress at [nonbank financial institutions] to affect the broader financial system," the report said.
|
||||
|
||||
Ok this is basically a straight up warning that "non bank institutions" (read: HEDGE FUNDS) could affect stability of the financial system.
|
||||
|
||||
Doesn't get more bearish than that! And you know what that means for GME! 🚀🚀🚀
|
||||
|
||||
EDIT: here is the link to the report source
|
||||
|
||||
<https://www.federalreserve.gov/publications/files/financial-stability-report-20210506.pdf>
|
||||
|
||||
Big thanks to [u/Purple-Artichoke-687](https://www.reddit.com/u/Purple-Artichoke-687/) for helping me with that.
|
@ -0,0 +1,132 @@
|
||||
🦍🦍 Compilation of MOASS and Exit Strategy DDs and Advice 🦍🦍
|
||||
===============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/n69qhp/compilation_of_moass_and_exit_strategy_dds_and/) |
|
||||
|
||||
---
|
||||
|
||||
[𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A5%F0%9D%97%B2%F0%9D%98%80%F0%9D%97%BC%F0%9D%98%82%F0%9D%97%BF%F0%9D%97%B0%F0%9D%97%B2%22&restrict_sr=1)
|
||||
|
||||
It is time, my fellow Apes, to drown out the noise and focus on our individual exit strategies and preparations for the MOASS and the rest of our lives.
|
||||
|
||||
I just want to say what a pleasure it has been to share this journey with you all. I have felt the love from you and I hope you will feel it back from me in this contribution.
|
||||
|
||||
💕🦍💎🙌🚀🌜
|
||||
|
||||
I get a bit emotional typing those emojis, knowing that one day soon they will represent the past, as glorious as that past is going to be.
|
||||
|
||||
This list is nothing more than my personal list of DDs and advice that I am studying to prepare for the MOASS. I invite you to help me build this in the comments. This list covers a wide variety of topics, from the financial and technical to the cultural and psychological, but avoids the investigatory. I am grateful to all of these authors for their contributions to our individual success.
|
||||
|
||||
I'm adding this section a few weeks later. This is my master list of DD that gets us to where we are going. People are always asking for a guide to the "basic" DD, here's mine.
|
||||
|
||||
Essential Technical DD
|
||||
|
||||
[u/dejf2](https://www.reddit.com/u/dejf2/) - [The SI% is Fake](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/)
|
||||
|
||||
[u/broccaaa](https://www.reddit.com/u/broccaaa/) - [The Naked Shorting Scam/Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)
|
||||
|
||||
[u/eastrod](https://www.reddit.com/u/eastrod/) - [A Method for Hiding FTDs in Useless Puts](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/)
|
||||
|
||||
[u/Criand](https://www.reddit.com/u/Criand/) - [Estimating Current SI% using Deep ITM Call Purchases](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/)
|
||||
|
||||
[u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) - [Summarizing DD of FTD Cycle, new rules, OTC trading, and ETF shorting of GME](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/)
|
||||
|
||||
[u/WardenElite](https://www.reddit.com/u/WardenElite/) - [The Mother of All Wedges Endgame DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/)
|
||||
|
||||
Essential Regulatory and Cultural DD
|
||||
|
||||
[u/c-digs](https://www.reddit.com/u/c-digs/) - [Why We are Trading Sideways](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/)
|
||||
|
||||
[u/beebsgaming](https://www.reddit.com/u/beebsgaming/) - [Why Share Price Doesn't Matter Right Now](https://www.reddit.com/r/DDintoGME/comments/n21ml0/amc_and_gme_why_share_price_doesnt_matter_right/)
|
||||
|
||||
[u/c-digs](https://www.reddit.com/u/c-digs/) - [Why SR-OCC-2021-004 is So Important](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/)
|
||||
|
||||
[u/Blanderson_Snooper](https://www.reddit.com/u/Blanderson_Snooper/) - [The GME Wargame: My Theory of Everything](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/)
|
||||
|
||||
[u/IIIBriGuyIII](https://www.reddit.com/u/IIIBriGuyIII/) - [Checkmate (RC's "oops MOASS my bad" tweet)](https://www.reddit.com/r/Superstonk/comments/nb3j23/checkmate_the_simulation_has_synced_100_buckle/)
|
||||
|
||||
[u/c-digs](https://www.reddit.com/u/c-digs/) - [The Brakes Might Be Off This Week](https://www.reddit.com/r/Superstonk/comments/nfagu1/this_week_might_be_it_the_brakes_are_possibly/)
|
||||
|
||||
[u/Criand](https://www.reddit.com/u/Criand/) - [May 20 ICC, DTC, OCC Rules Updates](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/)
|
||||
|
||||
[u/beebsgaming](https://www.reddit.com/u/beebsgaming/) - [A Theory of Everything](https://www.reddit.com/r/DDintoGME/comments/n21ml0/amc_and_gme_why_share_price_doesnt_matter_right/) (AMC Wargame Theory)
|
||||
|
||||
Weekly Roundups of New DD and Happenings
|
||||
|
||||
For further reading beyond the essentials, check out [u/coffeelaxative](https://www.reddit.com/u/coffeelaxative/)'s amazing compilations that don't get nearly enough attention.
|
||||
|
||||
[March Edition](https://www.reddit.com/r/Superstonk/comments/nd506b/compilation_of_all_dd_ta_rules_regulations_news/)
|
||||
|
||||
[April Edition](https://www.reddit.com/r/Superstonk/comments/nd80tt/compilation_of_all_dd_ta_rules_regulations_news/)
|
||||
|
||||
[Week of May 10](https://www.reddit.com/r/Superstonk/comments/ncqh06/compilation_of_all_dd_ta_rules_regulations_news)
|
||||
|
||||
[Week of May 17](https://www.reddit.com/r/Superstonk/comments/nep4cf/compilation_of_all_dd_ta_rules_regulations_news/)
|
||||
|
||||
Without further ado, I present my MOASS Study Guide.
|
||||
|
||||
How to Spot and Defend Against FUD, Shills, and Self-Destruction
|
||||
|
||||
[u/Eff_RobinHood](https://www.reddit.com/u/Eff_RobinHood/) - [Expert in predatory human behaviors and counter-tactics](https://www.reddit.com/r/GME/comments/m56sb3/my_professionalacademic_background_has_been_in)
|
||||
|
||||
[u/Jakob_Xavier](https://www.reddit.com/u/Jakob_Xavier/) - [COINTELPRO Techniques for dilution, misdirection, and control](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/)
|
||||
|
||||
[u/Blanderson_Snooper](https://www.reddit.com/u/Blanderson_Snooper/) - [GME Apes: A Cultural Due Diligence - PART 2](https://www.reddit.com/user/Blanderson_Snooper/comments/m79k0m/gme_apes_a_cultural_due_diligence_part_2/)
|
||||
|
||||
[u/Makataui](https://www.reddit.com/u/Makataui/) - [Critical Thinking (from a Psychology academic)](https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/)
|
||||
|
||||
[u/Pimmeltitte](https://www.reddit.com/u/Pimmeltitte/) - [Ways out of the impatience trap - a psychological view](https://www.reddit.com/r/Superstonk/comments/n10kku/ways_out_of_the_impatience_trap_a_psychological/)
|
||||
|
||||
[u/Blanderson_Snooper](https://www.reddit.com/u/Blanderson_Snooper/) - [Wargame Theory II: Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/)
|
||||
|
||||
[u/ljtmudokon](https://www.reddit.com/user/ljtmudokon/) - [MOAFUD Simulator - Ultimate Diamond Hands Stress Test](https://www.reddit.com/r/Superstonk/comments/nh1129/the_moadfud_simulator_ultimate_diamond_hand/)
|
||||
|
||||
MOASS Mental Health Resources
|
||||
|
||||
[u/oaf_king](https://www.reddit.com/u/oaf_king/) - [Mental/Behavioral Preparation](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/)
|
||||
|
||||
Anonymous - [An Ape's guide to self-care and anxiety management](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/)
|
||||
|
||||
[u/Limecandi](https://www.reddit.com/u/Limecandi/) - [Therapeutic techniques for managing during the MOASS](https://www.reddit.com/r/GME/comments/mdnohu/repost_therapeutic_techniques_for_managing_during)
|
||||
|
||||
Exit Strategies
|
||||
|
||||
[u/floodmayhem](https://www.reddit.com/u/floodmayhem/) - [A Little HODL Game Theory About Trust](https://www.reddit.com/r/Superstonk/comments/nhsbwt/a_little_hodl_game_theory_even_the_smooth_apes/) (simple)
|
||||
|
||||
[u/mrrippington](https://www.reddit.com/u/mrrippington/) - [Game Theory to Maximize Gains](https://www.reddit.com/r/Superstonk/comments/n6wcum/an_apes_primer_to_decision_making_game_theory_vs/) (more complex)
|
||||
|
||||
[u/2008UniGrad](https://www.reddit.com/u/2008UniGrad/) - [Moass Checklist R2 (12 May)](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/)
|
||||
|
||||
[u/NHNE](https://www.reddit.com/u/NHNE/) - [Total Overview](https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare)
|
||||
|
||||
[u/WardenElite](https://www.reddit.com/u/WardenElite/) - [Technical (partial)](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)
|
||||
|
||||
[u/NHNE](https://www.reddit.com/u/NHNE/) - [Technical (partial)](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am)
|
||||
|
||||
[u/franciscogil90](https://www.reddit.com/u/franciscogil90/) - [Anatomy of a Short Squeeze and Why No Ape Will Be a Bagholder](https://www.reddit.com/r/Superstonk/comments/mos6zf/anatomy_of_a_short_squeeze_and_why_no_ape_will_be)
|
||||
|
||||
Post-MOASS Advice
|
||||
|
||||
[u/dodecaphonecism](https://www.reddit.com/u/dodecaphonecism/) - [Attorneys and You: A Guide for the Newly Rich](https://www.reddit.com/r/Superstonk/comments/mzt5sm/attorneys_and_you_a_guide_to_the_newly_rich/)
|
||||
|
||||
[u/Soluna7827](https://www.reddit.com/u/Soluna7827/) - [Post-MOASS: An In-Depth Examination of Financial Advisors, Tax Attorneys, Certified Public Accountants, & Wills](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/)
|
||||
|
||||
[u/DamsellinDistress](https://www.reddit.com/u/DamsellinDistress/) - [Being Rich is Easy, Staying Rich Isn't - Harsh Truths](https://www.reddit.com/r/Superstonk/comments/n3wdy1/being_rich_is_easy_staying_rich_isnt_harsh_truths/)
|
||||
|
||||
💕🦍💎🙌🚀🌜
|
||||
|
||||
See you on the moon.
|
||||
|
||||
Blanderson
|
||||
|
||||
EDIT 1: Thank you all for the kind words, let me just say to all of you that you are very welcome. 💕
|
||||
|
||||
EDIT 2: Some good advice from the comments:
|
||||
|
||||
[u/lemon01747](https://www.reddit.com/u/lemon01747/): "It may do everyone some good to download or copy these posts in some way, as apes have speculated that during MOASS, reddit will likely go down due to overwhelming traffic or a coordinated attack (to disrupt communication)."
|
||||
|
||||
I suggested printing them to PDF, which is what I have done.
|
||||
|
||||
[u/LootHound_Antilles](https://www.reddit.com/u/LootHound_Antilles/): " Apes should write out their exit MOASS strategy and put it on their bathroom mirror. When we launch, go review and take a deep breath and trust yourself that wrote out your plan without the adrenaline rush."
|
@ -0,0 +1,232 @@
|
||||
Infinity War: The Final Exit DD Compilation
|
||||
===========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
Hello Superstonk!
|
||||
|
||||
I am just compiling this for those of you that might be interested in the more juicy non-TA parts of my weekly DD's. Since a lot of this was written over several weeks, I wanted to get it all into one place for ease of reference. Any additional exit strategies or information will be added to this post in the future.
|
||||
|
||||
For those of you that prefer the Video DD's they can still be found over on [my YouTube](https://www.youtube.com/playlist?list=PLLZAlefVs0gLl3YQCGn-qqbC16WicLCVy).
|
||||
|
||||
I know many of you have already read this but there is some new information here.
|
||||
|
||||
PART I: Where the hell is the Sell Button? or How to time Exits.
|
||||
|
||||
Well, I guess I'll begin by going over some things about me I am generally a day and on occasion a swing trader. Timing exits is a very important part of what I do everyday.
|
||||
|
||||
GME is nothing like those positions...
|
||||
|
||||
Normally if I hit 10% profit on a regular trade I'm out unless I have some previous reason to believe It will run further.
|
||||
|
||||
[](https://preview.redd.it/yiqblcr56a271.png?width=766&format=png&auto=webp&s=896261c0c5baf1b77f87bad783f4ab197d967a80)
|
||||
|
||||
Usual Day Trade (Buy low, sell high)
|
||||
|
||||
GME WILL RUN FURTHER, MUCH FURTHER
|
||||
|
||||
Well, how do you handle stocks when you expect the realized profits to be much higher?
|
||||
|
||||
The answer to this is I usually don't. Day-trading should be defined by risk, My risk on this trade is 2% and my upside is cut at 10%. I'm not going to risk higher profits. I am simply going to take my money and walk away. If the stock goes up another 10% I don't care, as the trade is pre-defined.
|
||||
|
||||
This makes talking about GME and exits a difficult discussion. As we expect GME to be a Black Swan type event there is no way to determine expected profits and the risk for most of us is the amount we put in.
|
||||
|
||||
I believe most positions in GME, mine included, are a YOLO (a stock trade defined by maximum risk and maximum profit potential) . The mentality behind this is that by risking everything the reward should be much greater than that. We have seen a lot of numbers float around on GME over the last months on the expected price targets. It started at $1000 a share in January, then the unexpected halt of trading occurred during the initial squeeze, that number has since increased. Partly based on information that came to light on the short positions involved and partly on wild speculation we have seen price targets of $10,000, $69,420, $100,000, $420,069, $10,000,000, and more recently $100,000,000.
|
||||
|
||||
While I like a lot of these numbers, the reality of the situation is...WE HAVE NO IDEA
|
||||
|
||||
This would be an event not only unprecedented in the stock market but of such impact and volatility that it would be impossible to accurately predict any absolute price target.
|
||||
|
||||
Sounds like FUD...
|
||||
|
||||
No, to say X is a the absolute price target is silly and shows a lack of understanding how markets work.
|
||||
|
||||
Will this stock be worth $10M ? Possibly? It could peak at $9,989,000 or $69,420,000.
|
||||
|
||||
The point is this: WE HAVE NO IDEA, THIS HAS NEVER HAPPENED BEFORE!
|
||||
|
||||
So this week between streaming and Live charting everyday I tried to think how can I help my fellow apes, no matter the smoothness of their brains, navigate such a tumultuous event. I had to ask myself Two questions.
|
||||
|
||||
1. How do you discuss exit strategy with no known price targets?
|
||||
|
||||
2. How do you make it simple enough to understand?
|
||||
|
||||
I asked these two questions a lot and most of my answers fell short. I do believe I have finally settled on the easiest way to explain it and hopefully make it easier to understand. For this I'm going dig a little into the magical world of candlestick reading and pattern recognition.
|
||||
|
||||
First thing all this will be defined at the 1-min timescale on the charts. I believe this timing will be most relevant in defining peaks. I will break this into sections and address each one.
|
||||
|
||||
[](https://preview.redd.it/gh565p6q6a271.png?width=1679&format=png&auto=webp&s=b4b6f33e3fe83fb3a0fbb40868f26771a70844c0)
|
||||
|
||||
3 Pillars of the Squeeze
|
||||
|
||||
PART A: THE ASCENT
|
||||
|
||||
Part I: Upwards Price Movement (We are here)
|
||||
|
||||
This period will be marked by increasing upwards price movement, channel to channel, then periods of consolidation. This is normal price movement not necessarily volatile but it can be at times. This will be the movement as GME ascend upwards in the early stages.
|
||||
|
||||
[](https://preview.redd.it/lrb6i86y6a271.png?width=1809&format=png&auto=webp&s=27985a3f32fc17ddfcff65935bc3b7f374e545a2)
|
||||
|
||||
Resistance-Test-Break-Repeat
|
||||
|
||||
This period can take weeks, months, or minutes. We have seen in the past the price can jump very rapidly in some cases. The end of this stage will most likely be marked by faster and faster moves through these resistance levels. Bringing us to our next step in the ascent.
|
||||
|
||||
[](https://preview.redd.it/2mwjel3p7a271.png?width=1597&format=png&auto=webp&s=7403c701339d4096495725073733dd6fc9d8f839)
|
||||
|
||||
Current GME Chat on the 4HR Timescale
|
||||
|
||||
Part II: FOMO (Buckle up T - 10, 9, 8...)
|
||||
|
||||
The faster and faster breaks in upper resistance levels are going to ignite interest in the stock, as large and small buyers rush in to capitalize on the squeeze. This is where fear begins to take affect as the price start moving quickly upwards some will be afraid of becoming a bag holder. Don't worry this is just the beginning. This Period will be marked by exponentially larger candles as volume rushes in and more price movement occurs in shorter and shorter time frames. There will be halts, there will be dips after those halts, as paper-hands, day-traders, and institutions cannibalize each other for small profits. Breath here, stay CALM. This period will mark the wildest price swings as volatility picks up. This will be the first pressure test of those Diamond Hands you've been bragging about.
|
||||
|
||||
[](https://preview.redd.it/27u2kfm98a271.png?width=969&format=png&auto=webp&s=8bde03271d695e981eab49d0514eac2e9792c423)
|
||||
|
||||
Price rises into a Halt, then dips, quickly recovering to the upside
|
||||
|
||||
Part III: The Margin Calls (Lift Off)
|
||||
|
||||
This is the moment everyone has been waiting the flight path to the moon! At some point we will hit a price, nobody knows what that price is, I estimate somewhere between 250 and 600, but may begin on some positions at a lower price. Whatever the price is, here is the moment that shorts must concede their position. The Margin Call will be marked by a significant number of halts and large green candles. The volume and range of these candles will increase dramatically from the previous stage. There will be many more halts, possibly on each candlestick, as the open market orders go un-filled the bid will continue to increase. So expect a pattern, of unhalt -rapid rise- halt. We will probably have more time halted than actual trading as the price explodes. Additionally, there should be very little red after the halts as upward pressure would be to great. Psychologically, this part will be easier as there is nothing to do but watch the brief periods of active trading closely. I expect this to go on for awhile, possibly days.
|
||||
|
||||
[](https://preview.redd.it/9jw35sjt8a271.png?width=709&format=png&auto=webp&s=e2536c50b76016c9f8fc669a4d50cc55e805c893)
|
||||
|
||||
Expect many halts during this period these are absolutely normal and expected
|
||||
|
||||
PART B: THE PEAK
|
||||
|
||||
[](https://preview.redd.it/yvrwq5e89a271.png?width=700&format=png&auto=webp&s=dbbea10be2906bab5ef3c022fcc3e26def3cc9c0)
|
||||
|
||||
The Peaks
|
||||
|
||||
As all good things, even the Margin Call must come to an end at some point. So, how can this be identified? The first thing we will see is fewer halts and decreasing volume as we approach the peak. Some selling should be seen in here as holders attempt to time the peak. Large upwards movement, some selling, another upwards movement. After looking at VW (2008) and GME's small squeeze in January, I feel the breaking of the peak will be marked by a series of descending [dogi's](https://www.investopedia.com/terms/d/doji.asp). Think of this as little booster rockets easing our descent onto the moon. decreasing in volume as apes finally begin their moon landing. Then patterns of large sells and smaller ascending candles. Lower highs, and lower lows.
|
||||
|
||||
This is when an exit can start to be planned.
|
||||
|
||||
[](https://preview.redd.it/f8cjje82ba271.png?width=1397&format=png&auto=webp&s=d36dae731e15fda1a0392e317eee53d8117f6fe8)
|
||||
|
||||
A period marked by decreasing volume, lower highs and lower lows. You will have time to confirm this, This is not the time to be impatient.
|
||||
|
||||
Given new information that has come to light since I wrote the original DD. I do believe that this stage will begin after the SI% has dropped to near 100%. So at this point I think that SHFs or their Insurers(DTCC, FED, etc...) will have covered via institutions and other holders all but the remaining retail positions. This entire stage is defined by apes negotiating power as we should be able to choose the price from here on out. This is where the all that hodl'ing pays off. Furthermore the length of time we stay in these peaks should be defined by the retail ownership, the longer we hodl the longer it lasts.
|
||||
|
||||
[](https://preview.redd.it/mvqme7apca271.png?width=1004&format=png&auto=webp&s=2d56045090d485d6b0114c844ebf0bd495570be1)
|
||||
|
||||
Apes are the Porsche/Government in the GME squeeze except we own more of the float and the SI is way, way higher...read this twice
|
||||
|
||||
[](https://preview.redd.it/q828at2hba271.png?width=1694&format=png&auto=webp&s=1da50bb698c84cf8b6966642fb7dcfcd48723564)
|
||||
|
||||
This is the first verifiable exit point at the apex of this wedge confirming a downtrend on the next candlestick. This is only the first of these patterns to play out.
|
||||
|
||||
Several of these patterns should form as we remain in the peaks BE VERY CAREFUL HERE as selling all of a position at the first sign of a wedge forming can reduce potential profits. Why? Well because this wedge that formed above could break up.
|
||||
|
||||
[](https://preview.redd.it/3ky8899uba271.png?width=1391&format=png&auto=webp&s=52c14c867b8897fc35fed8d1fe09263ad22b67da)
|
||||
|
||||
Notice how after Exit 1 the price broke upwards. This is why it is less profitable to exit an entire position all at once. It's much more beneficial to slowly back out of a position at several points so as to maximize profit.
|
||||
|
||||
As this pattern continues eventually we will see larger and larger price decreases as each wedge breaks down and shorts are covered. This action will mark the beginning of the next phase.
|
||||
|
||||
PART C: CORRECTION
|
||||
|
||||
[](https://preview.redd.it/dkvu5n4rda271.png?width=735&format=png&auto=webp&s=1c80448e1f69c5d8f68aa4352ded83f17418113a)
|
||||
|
||||
This stage will be easily verifiable as massive decreases in price will occur between halts very similar to the Margin Call stage but in reverse this is the last opportunity to exit remaining positions at high amounts.
|
||||
|
||||
As the larger and larger price drops pick up steam, there will be more halts. Once these large sell offs are confirmed this is the point at which you hope all your positions are closed (I will be holding 10% forever so the x and xx apes can maximize returns, and morbid curiosity). We are returning to earth so we can spend all the tendies we picked-up on that moon landing. The price will begin it's descent back to levels previously traded at and possibly lower. This could be the last dip-buy in GME's history. If you are long GME as I am, this will present an opportunity to get back in on a company that I believe has a bright and profitable future.
|
||||
|
||||
Part II: Execution During High Volatility
|
||||
|
||||
First I would like to address the issues that can arise during a squeeze, some of these may have a greater effect on retail investors.
|
||||
|
||||
- Delays - volatile markets are generally associated with high volume an this can cause delays in execution. As online traders expect to sell at near the price listed on the screen, remember this isn't always the case.
|
||||
|
||||
- System Issues - Everyone is familiar with this, as many online investors had issues in January. Sometimes the system is overloaded. Investors may have difficulty accessing their accounts as traffic ramps up. Remember that if you experience these issues many brokers offer alternatives such as phone trades or live brokers to help facilitate order execution. I urge people to investigate your brokers options now, to best prepare for this.
|
||||
|
||||
- Incorrect Quotes - Even the best real-time quoting systems fall prey to this. I like to think of it as lag in video game. The size of the quote (#of shares at a certain price) can change rapidly, affecting the likelihood of quote availability.
|
||||
|
||||
- Algorithms - Algorithmic trading can actually exacerbate volatility. There is a nice article on it here for [further reading](https://www.ft.com/content/fdc1c064-1142-11e9-a581-4ff78404524e).
|
||||
|
||||
So, how do we navigate this?
|
||||
|
||||
I don't think there is a perfect answer.
|
||||
|
||||
If any human could time and predict volatility perfectly they would be exceedingly wealthy, we wouldn't have automated almost all of the financial markets, and I wouldn't be having this conversation.
|
||||
|
||||
Like most things, the answer lies in learning.
|
||||
|
||||
I truly believe that the best way to understand something is to turn information into knowledge. When you have knowledge of a thing, it is harder to be surprised, as it will already tie into knowledge you have, giving you a basis for understanding.
|
||||
|
||||
The system for this type of learning is called the [Feynman Learning Technique](https://fs.blog/2021/02/feynman-learning-technique/). I have attempted to use this in all my DD up till this point, and will continue to do so.
|
||||
|
||||
The best way to address most of these tense questions is to give people knowledge and understanding. That way, when faced with the actual issue, they will be able to address it with confidence that comes only from understanding.
|
||||
|
||||
So here are the order types and their pros and cons.
|
||||
|
||||
- [Limit Order](https://www.investopedia.com/terms/l/limitorder.asp) - A limit order is an order to sell a security at a specified price or "better"
|
||||
|
||||
- [Market Order](https://www.investopedia.com/terms/m/marketorder.asp) - An order to buy or sell stock at the "best available" price
|
||||
|
||||
- [Stop-Limit Order](https://www.investopedia.com/terms/s/stop-limitorder.asp) - A conditional trade that combines features of a Limit Order with the risk mitigation of a stop-loss
|
||||
|
||||
- [Stop-Loss Order](https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=) - An order placed that converts to a "market order" when a set price is reached
|
||||
|
||||
I suggest that everyone read these links this is important information to understand. Also [this one](https://www.investopedia.com/articles/active-trading/091813/which-order-use-stoploss-or-stoplimit-orders.asp).
|
||||
|
||||
[](https://preview.redd.it/3veoviqcga271.png?width=2053&format=png&auto=webp&s=5106929f7a670a68180f5d7948b1c4e7192a6404)
|
||||
|
||||
Pros and Cons of Each Order type. This does not reflect best use during MOASS.
|
||||
|
||||
This is simply to illuminate a confusing topic. Hoping that the knowledge of the order types will best prepare people for using them appropriately.
|
||||
|
||||
As each one has their place.
|
||||
|
||||
Part III: Position Breakdown (New)
|
||||
|
||||
How does one break down a position instead of exiting all at once.
|
||||
|
||||
This is a question I get asked a lot and the answer is pretty straight forward. I think it applies to every position size whether your x or xxxx it's irrelevant.
|
||||
|
||||
You want to maximize your number of available exits above your personal floor.
|
||||
|
||||
*So here is an example an ape. The ape has 11 shares and a personal floor of $12M*
|
||||
|
||||
[](https://preview.redd.it/39hm8d6koa271.png?width=2056&format=png&auto=webp&s=2e20f5e9ec3235c654c0b738328ef02e098e12dd)
|
||||
|
||||
The best breakdown is highlighted as it creates the highest possible number of exit points, This same strategy applies no matter the size of your position. You can break it down by whole numbers percentages whatever you want.
|
||||
|
||||
Everyone should practice breaking down their own positions. Take some time to figure out how to break down your own position most effectively.
|
||||
|
||||
My breakdown is:
|
||||
|
||||
5% - 10% - 15% - 15% - 20% - 15% -10%
|
||||
|
||||
and then holding 10% forever
|
||||
|
||||
Part IV: Conclusion
|
||||
|
||||
I hope this helps everyone get all the information I've put out in one place. If I add any addition exit information it will be posted here as well and I will keep this post pinned to my Profile until after MOASS. If you guys have any questions feel free to post below as always I will try to get to all of them.
|
||||
|
||||
If you want to see more information on this subject matter feel free to join me in the :
|
||||
|
||||
Daily Live charting on [r/Superstonk](https://www.reddit.com/r/Superstonk/) from 9am - 4pm EST on trading days
|
||||
|
||||
On [YouTube](https://www.youtube.com/c/PickleFinancial) Live Streams from 9am - 4pm on trading days
|
||||
|
||||
Or over on the [Discord](https://discord.gg/jkVQM2xb)
|
||||
|
||||
or for memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/)
|
||||
|
||||
As always thank you for the support
|
||||
|
||||
🦍❤️
|
||||
|
||||
- Gherkinit
|
||||
|
||||
* For those that only read the first paragraph. I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
24
Government/2008-03-28-Jim-Snell-Comment-on-Naked-Shorting.md
Normal file
24
Government/2008-03-28-Jim-Snell-Comment-on-Naked-Shorting.md
Normal file
@ -0,0 +1,24 @@
|
||||
## Subject: File No. S7-08-08
|
||||
### From: Jim Snell
|
||||
March 28, 2008
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| Jim Snell | [sec/gov](https://www.sec.gov/comments/s7-08-08/s70808-170.htm) |
|
||||
|
||||
---
|
||||
|
||||
The case of CMKM DIAMONDS, INC. represents the greatest "counterfeit shares" fraud in the UNITED STATES.
|
||||
Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull physical stock certificates out of brokerages, and out of street name, to trap those whom had committed fraud.
|
||||
CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"
|
||||
|
||||
Naked short selling is a case of short selling the shares without first arranging a borrow. The Securities Exchange Act of 1934 stipulates a settlement period up to three business days before a stock needs to be delivered, generally referred to as "T+3 delivery". The SECs public position as of the Spring of 2005 was that naked shorting did not exist.
|
||||
By elimination of the SHO Regulation grandfather exemption which was enacted to protect the counterfeiters, the SEC is reluctantly admitting the problem.
|
||||
Robert J. Shapiro, former undersecretary of commerce for economic affairs, has, found that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.
|
||||
|
||||
Naked shorting is illegal because it allows market manipulators to force stock prices down without regard for normal stock supply/demand patterns.
|
||||
Counterfeiting of securities is a crime of U.S. This criminal conduct has destroyed many, many companies, lives and opportunities.
|
||||
But now the word is out on naked shorting it must be stopped, and all whom conspired put in jail. This naked shorting fraud rule must be passed - NOW.
|
||||
|
||||
Sincerely,
|
||||
Jim Snell
|
284
Government/2015-04-08-Regulation-SHO-Key-Points.md
Normal file
284
Government/2015-04-08-Regulation-SHO-Key-Points.md
Normal file
@ -0,0 +1,284 @@
|
||||
Key Points About Regulation SHO
|
||||
===============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [SEC](https://www.sec.gov/about.shtml) | [sec.gov](https://www.sec.gov/investor/pubs/regsho.htm) |
|
||||
|
||||
---
|
||||
|
||||
I. Short Sales
|
||||
--------------
|
||||
|
||||
### A. What is a short sale?
|
||||
|
||||
A short sale is generally the sale of a stock you do not own (or that you will borrow for delivery).[[1]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn1) Short sellers believe the price of the stock will fall, or are seeking to hedge against potential price volatility in securities that they own.
|
||||
|
||||
If the price of the stock drops, short sellers buy the stock at the lower price and make a profit. If the price of the stock rises, short sellers will incur a loss. Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand, or to hedge the risk of a long position in the same security or a related security.
|
||||
|
||||
### B. Example of a short sale.
|
||||
|
||||
For example, an investor believes that there will be a decline in the stock price of Company A. Company A is trading at $60 a share, so the investor borrows shares of Company A stock at $60 a share and immediately sells them in a short sale. Later, Company A's stock price declines to $40 a share, and the investor buys shares back on the open market to replace the borrowed shares. Since the price is lower, the investor profits on the difference -- in this case $20 a share (minus transaction costs such as commissions and fees). However, if the price goes up from the original price, the investor loses money. Unlike a traditional long position --- when risk is limited to the amount invested --- shorting a stock leaves an investor open to the possibility of unlimited losses, since a stock can theoretically keep rising indefinitely.
|
||||
|
||||
### C. How does short selling work?
|
||||
|
||||
Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender. As with buying stock on margin,[[2]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn2) your brokerage firm will charge you interest on the loan, and you are subject to the margin rules. If the stock you borrow pays a dividend, you must pay the dividend to the person or firm making the loan.
|
||||
|
||||
### D. Are short sales legal?
|
||||
|
||||
Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited.
|
||||
|
||||
II. "Naked" Short Sales
|
||||
-----------------------
|
||||
|
||||
In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[[3]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn3) As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail").
|
||||
|
||||
Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from "naked" short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.
|
||||
|
||||
"Naked" short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, "naked" short selling contributes to market liquidity. For example, broker-dealers that make a market in a security[[4]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn4) generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.
|
||||
|
||||
III. Regulation SHO
|
||||
-------------------
|
||||
|
||||
Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive "naked" short selling.
|
||||
|
||||
Due to continued concerns about failures to deliver, and to promote market stability and preserve investor confidence, the Commission has amended Regulation SHO several times since 2005 to eliminate certain exceptions, strengthen certain requirements and reintroduce the price test restriction.[[5]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn5)
|
||||
|
||||
As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: the "grandfather" provision and the "options market maker" exception. Due to continued concerns about failures to deliver, and the fact that the Commission continued to observe certain securities with failure to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the "grandfather" provision and in 2008 the Commission eliminated the "options market maker" exception.
|
||||
|
||||
In addition, the Commission adopted temporary Rule 204T in 2008 and final Rule 204 in 2009, which strengthened further the close-out requirements of Regulation SHO by applying close-out requirements to failures to deliver resulting from sales of all equity securities and reducing the time-frame within which failures to deliver must be closed out.
|
||||
|
||||
In 2010, the Commission adopted Rule 201 of Regulation SHO. Rule 201 restricts the price at which short sales may be effected when a stock has experienced significant downward price pressure. Rule 201 is designed to prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intra-day price decline, and to facilitate the ability of long sellers to sell first upon such a decline.
|
||||
|
||||
Regulation SHO's four general requirements are summarized below:
|
||||
|
||||
- *Rule 200 -- Marking Requirements.* Rule 200 requires that orders you place with your broker-dealer must be marked "long," "short," or "short exempt."[[6]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn6)
|
||||
|
||||
- *Rule 201 -- Short Sale Price Test Circuit Breaker*. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies.
|
||||
|
||||
- *Rule 203(b)(1) and (2) -- **Locate Requirement*. Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.[[7]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn7) This "locate" must be made and documented prior to effecting the short sale.
|
||||
|
||||
- *Rule 204 -- Close-out Requirement*. Rule 204 requires brokers and dealers that are participants of a registered clearing agency[[8]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn8) to take action to close out failure to deliver positions. Closing out requires the broker or dealer to purchase or borrow securities of like kind and quantity. The participant must close out a failure to deliver for a short sale transaction by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. If a participant has a failure to deliver that the participant can demonstrate on its books and records resulted from a long sale, or that is attributable to bona fide market making activities, the participant must close out the failure to deliver by no later than the beginning of regular trading hours on the third consecutive settlement day following the settlement date, referred to as T+6. If the position is not closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)[[9]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn9) may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement) until the broker or dealer purchases shares to close out the position and the purchase clears and settles. In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as "threshold securities," if the failures to deliver persist for 13 consecutive settlement days.[[10]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn10) Threshold securities are equity securities[[11]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. As provided in Rule 203 of Regulation SHO, threshold securities are included on a list disseminated by a self-regulatory organization ("SRO"). Although as a result of compliance with Rule 204, generally a participant's fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect.
|
||||
|
||||
IV. Answers to Frequently-Asked Questions from Investors
|
||||
--------------------------------------------------------
|
||||
|
||||
### 1\. Is all "naked" short selling abusive or illegal?
|
||||
|
||||
When considering "naked" short selling, it is important to know which activity is the focus of discussion.
|
||||
|
||||
- *Selling stock short without having located stock for delivery at settlement*. This activity would violate Regulation SHO, except for short sales by market makers engaged in bona fide market making. Market makers engaged in bona fide market making do not have to locate stock before selling short, because they need to be able to provide liquidity. However, market makers are not excepted from Regulation SHO's close-out and pre-borrow requirements.
|
||||
|
||||
- *Selling stock short and failing to deliver shares at the time of settlement*. Rule 204 requires firms that clear and settle trades to deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on T+4 for short sale fails or T+6 for long sale fails and fails attributable to bona fide market making. If a firm that clears and settles trades has a failure to deliver that is not closed out by the beginning of regular trading hours on T+4 or T+6, as applicable, the firm has violated Rule 204 and the firm, and any broker-dealer from which it receives trades for clearance and settlement, is subject to the pre-borrow requirement for that security.
|
||||
|
||||
- *Selling stock short without having located stock for delivery at settlement and failing to deliver shares at the time of settlement*. This activity may violate Regulation SHO's locate and close-out requirements, as explained above. In addition, in fall 2008 the Commission adopted Rule 10b-21, referred to as the "naked" short selling antifraud rule. Those who deceive about their intention or ability to deliver securities in time for settlement are committing fraud, in violation of Rule 10b-21, when they fail to deliver securities by the settlement date.
|
||||
|
||||
- *Selling stock short and failing to deliver shares at the time of settlement with the purpose of driving down the *security's* price*. This manipulative activity, in general, would violate various securities laws, including Rule 10b-5 under the Exchange Act.
|
||||
|
||||
### 2\. Is "naked" short selling the reason my stock has lost value?
|
||||
|
||||
Investors should always use caution before investing in high-risk, speculative stocks, especially with regard to their retirement portfolios, because all stocks may decline in value. There are many reasons why a stock may decline in value. The value of a stock is determined by the basic relationship between supply and demand. If many people want a stock (demand is high), then the price will rise. If a few people want a stock (demand is low), then the price will fall. The main factor determining the demand for a stock is the quality of the company itself. If the company is fundamentally strong, that is, if it is generating positive income, its stock is less likely to lose value.
|
||||
|
||||
Speculative stocks, such as microcap stocks, often have a high probability of declining in value and a low probability of experiencing above average gains.[[12]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn12) For example, investors should take extra care to thoroughly research any company not listed for trading on a national securities exchange, including companies which are closely held, extremely small or thinly traded.[[13]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn13) Such companies may not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the Nasdaq Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.
|
||||
|
||||
There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of "naked" short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters.
|
||||
|
||||
"Naked" short selling, however, can have negative effects on the market. Fraudsters may use "naked" short selling as a tool to manipulate the market. Market manipulation is illegal.[[14]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn14) The SEC has toughened its rules including through the adoption of Rule 10b-21 in 2008, referred to as the "naked" short selling antifraud rule, and is vigilant about taking actions against alleged wrongdoers.[[15]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn15)
|
||||
|
||||
Failures to deliver that persist for an extended period of time may result in a significantly large unfulfilled delivery obligation at the clearing agency where trades are settled. Regulation SHO is intended to reduce the number of potential failures to deliver, and limit the time in which a broker can permit a failure to deliver to persist. For instance, as explained above, Regulation SHO generally requires firms that clear and settle trades to close out a failure to deliver resulting from a short sale by the beginning of regular trading hours on T+4.
|
||||
|
||||
### 3\. Do all failures to deliver reflect improper activity? After adoption of Rule 204, why are there still failures to deliver?
|
||||
|
||||
A failure to deliver occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on the settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on the settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Failures to deliver can result from both long and short sales.
|
||||
|
||||
Regulation SHO was designed to target potentially problematic failures to deliver. Prevention of fails is the goal of the locate requirement. Regulation SHO requires broker-dealers to identify a source of borrowable stock before executing a short sale in any equity security with the goal of reducing the number of situations where stock is unavailable for settlement. But, because the locate is usually done three days before settlement, the stock may not be available from the source at the time of settlement, possibly resulting in a fail.
|
||||
|
||||
Regulation SHO also requires firms that clear and settle trades to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity. For short sale transactions, failures to deliver must be closed out by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. For long sale transactions or bona fide market making activities, failures to deliver must be closed out by no later than the beginning of regular trading hours on the third settlement day following the settlement date, referred to as T+6.
|
||||
|
||||
Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. Such additional time is warranted and does not undermine the goal of reducing failures to deliver because these are sales of owned securities that cannot be delivered by the settlement date due solely to processing delays outside the seller's or broker-dealer's control. Moreover, delivery is required to be made on such sales as soon as all restrictions on delivery have been removed and situations where a person is deemed to own a security are limited to those specified in Rule 200 of Regulation SHO. A common example of a deemed to own security that cannot be delivered by the settlement date is a security subject to the resale restrictions of Rule 144 under the Securities Act of 1933.
|
||||
|
||||
### 4\. What is meant by T+3?
|
||||
|
||||
Generally, investors must complete or settle their security transactions within three business days. This settlement cycle is known as "T+3," shorthand for "trade date plus three days."
|
||||
|
||||
T+3 means that when you buy a security, your payment must be received by your brokerage firm no later than three business days after the trade is executed. When you sell a security, you must deliver your securities, in certificated or electronic form, to your brokerage firm no later than three business days after the sale.
|
||||
|
||||
The three-day settlement date applies to most security transactions, including stocks, bonds, municipal securities, mutual funds traded through a brokerage firm, and limited partnerships that trade on an exchange. Government securities and stock options settle on the next business day following the trade.[[16]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn16)
|
||||
|
||||
Delivery on sales should be made by the settlement date. Under Rule 204, firms that clear and settle trades must deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or must take immediate action to close out failures to deliver by no later than the beginning of regular trading hours on T+4 (for short sales) or T+6 (for long sales and fails attributable to bona fide market making).
|
||||
|
||||
### 5\. After adoption of Rule 204, why are there still threshold securities and why is there still a threshold securities close-out requirement?
|
||||
|
||||
Even after adoption of Rule 204, failures to deliver may occur in certain circumstances. The appearance of a security on a threshold list does not necessarily mean that there has been abusive "naked" short selling or any impermissible trading in the stock. Delivery failures can be caused by both long and short sales. In addition, notwithstanding actions by broker-dealers to close out delivery failures, certain securities may remain on an SRO's[[17]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn17) threshold securities list for a variety of legitimate reasons, such as:
|
||||
|
||||
- Despite proper action to close out fails, new delivery failures from long or short sales, at the same or other broker-dealers, result in the security staying on the threshold list;
|
||||
- One or more broker-dealers may have temporary but legitimate problems in obtaining the stock they borrowed in time for delivery;
|
||||
- Long sellers may have difficulty in producing stock in good deliverable form to their broker-dealer.
|
||||
|
||||
Rule 203(b)(3) applies to fails to deliver in threshold securities if the participant's fails to deliver persist for 13 consecutive settlement days. Although as a result of compliance with Rule 204, generally a participant's fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect.
|
||||
|
||||
### 6\. Do the issuers of threshold securities have "problems?"
|
||||
|
||||
Inclusion on the threshold list simply indicates that the aggregate failures to deliver in an issuer's equity securities have reached the level required to become a "threshold security" as defined in Regulation SHO. Inclusion on the list should not be interpreted as connoting anything negative about the particular issuer.
|
||||
|
||||
### 7\. Will close-out purchases required by Regulation SHO drive up a security's price?
|
||||
|
||||
Close-out purchases of stock will not necessarily drive up prices of such stocks. One of the primary purposes of Regulation SHO is to clean up open fail positions, but not to cause short squeezes. The term "short squeeze" refers to the pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush by short sellers to cover produces additional upward pressure on the price of the stock, which then can cause an even greater squeeze. Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.
|
||||
|
||||
### 8\. Where can I obtain information on short sales?
|
||||
|
||||
To increase the transparency surrounding short sale transactions, several SROs are providing on their websites daily aggregate short selling volume information for individual equity securities. The SROs are also providing website disclosure on a one-month delayed basis of information regarding individual short sale transactions in all exchange-listed equity securities. Hyperlinks to short sale data provided by specific SROs are provided at the following website: <http://www.sec.gov/answers/shortsalevolume.htm>.
|
||||
|
||||
The SROs also publish monthly statistics on short interest in securities that trade on their markets. Short interest is the aggregate number of open short sale positions. Short interest does not address the number of failures to deliver that may have occurred or may occur in connection with these short sales.
|
||||
|
||||
Short interest for NYSE stocks can be found at: <http://www.nyxdata.com/nysedata/default.aspx?tabID=748>.
|
||||
|
||||
Short interest for Nasdaq stocks can be found at: <http://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest>.
|
||||
|
||||
Short interest for over-the-counter equity securities can be found at: http://otce.finra.org/ESI.
|
||||
|
||||
There also are many commercial websites and some newspapers that offer this information. If you enter the words "short interest" into most Internet search engines, you'll quickly find websites that can provide this information.
|
||||
|
||||
### 9\. Where can I obtain fails information?
|
||||
|
||||
### The Commission publishes on its website failures to deliver data for all equity securities, regardless of the fails level, twice per month. For current failures to deliver information, see <http://www.sec.gov/foia/docs/failsdata.htm>.
|
||||
|
||||
**10\. Where can I find threshold lists?**
|
||||
|
||||
Threshold securities are included on a list disseminated by an SRO. If a threshold security is listed on more than one market system, the SROs have agreed that the security will appear only on the threshold list of the SRO that maintains the primary listing. FINRA publishes a list of OTC threshold securities. You can obtain SRO threshold lists at the following websites:
|
||||
|
||||
The Nasdaq Stock Market LLC\
|
||||
<http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold>
|
||||
|
||||
New York Stock Exchange LLC, NYSE MKT LLC and NYSE Arca, Inc.\
|
||||
<https://www.nyse.com/regulation/threshold-securities>
|
||||
|
||||
Chicago Stock Exchange, Inc. (CHX)\
|
||||
<http://www.chx.com/trading-information/threshold-securities/>
|
||||
|
||||
BATS Exchange, Inc.\
|
||||
<http://batstrading.com/market_data/reg_sho_threshold_list/>
|
||||
|
||||
FINRA\
|
||||
<http://otce.finra.org/RegSHO>
|
||||
|
||||
Other national securities exchanges that are not the primary listing exchange for any securities at this time are currently not publishing threshold securities lists.
|
||||
|
||||
Currently, threshold lists include the name and ticker symbol of securities that meet the threshold level on a particular settlement date. Some investors have requested that the SROs provide more detailed information for each threshold security, including the name of the broker-dealer firm responsible for the fails and the names of the customers of responsible brokers and dealers responsible for the short sales. The fails statistics of individual firms and customers is proprietary information and may reflect firms' trading strategies.
|
||||
|
||||
### 11\. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable?
|
||||
|
||||
Investors can and should verify the number of failures to deliver in a specific security by checking publicly available data on failures to deliver. The Commission publishes on its website failures to deliver data for all equity securities, regardless of the fails level, twice per month. For current failures to deliver information, see <http://www.sec.gov/foia/docs/failsdata.htm>.
|
||||
|
||||
Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large "naked" short positions in some smaller issuers. Some individuals may encourage other investors to buy these issuers' securities by claiming that there will be an imminent short squeeze, in which the alleged "naked" short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false.
|
||||
|
||||
The Commission's Office of Investor Education and Assistance has made available publications on the Commission's website (<http://www.sec.gov/investor.shtml>) that provide helpful guidance on the securities markets and sales and trading practices, including short selling. The Office of Investor Education and Advocacy has also established a website dedicated to retail investors, <http://investor.gov/>. Investors and prospective investors should be cautious of rumors on chat rooms where the intent of nameless and faceless computer users is in doubt.
|
||||
|
||||
### 12\. Where can I find information on specific issuers or securities?
|
||||
|
||||
To find information on issuers and securities, see <http://www.sec.gov/investor/pubs/easyaccess.htm>. Information on researching public companies is also available at <http://investor.gov/researching-managing-investments/researching-investments>.
|
||||
|
||||
### 13\. Does NSCC's stock borrow program create "counterfeit shares?"
|
||||
|
||||
NSCC's stock borrow program, as approved by the Commission, permits NSCC to borrow securities from its participants for the purpose of completing settlements only if participants have made those securities available to NSCC for this purpose and those securities are on deposit in the participant's account at DTC.
|
||||
|
||||
### 14\. Where can I submit information on potential violations of the federal securities laws?
|
||||
|
||||
If you have specific enforcement-related information, please see <http://www.sec.gov/complaint/tipscomplaint.shtml> for information on how to submit a complaint. You may also call 1-800-SEC-0330.
|
||||
|
||||
### 15\. Where can I find information on investigations or enforcement actions pending against specific issuers or regarding specific securities?
|
||||
|
||||
As a policy, the SEC will neither confirm nor deny the existence of an investigation unless, and until, it becomes a matter of public record as the result of a court action or administrative proceeding. SEC investigations are conducted on a non-public and confidential basis to help assure the integrity of the investigative process. See <http://www.sec.gov/complaint/tipscomplaint.shtml> for more information on how the Commission handles complaints.
|
||||
|
||||
To view enforcement actions that the Commission has taken, see <http://www.sec.gov/litigation/litreleases.shtml>.
|
||||
|
||||
V. Reporting Alleged Abusive "Naked" Short Selling Activity
|
||||
-----------------------------------------------------------
|
||||
|
||||
The markets and the SROs are primarily responsible for the surveillance and enforcement of trading activity pursuant to their rules. The SEC, however, independently or in conjunction with the SROs and other regulatory authorities, actively investigates and prosecutes violations of the federal securities laws.
|
||||
|
||||
The SEC takes information alleging violations of the federal securities laws very seriously. If you have specific enforcement-related information, please submit the information at <http://www.sec.gov/complaint/tipscomplaint.shtml>. Please note, however, the SEC will neither confirm nor deny the existence of an investigation unless, and until, it becomes a matter of public record as the result of a court action or administrative proceeding. As you may also be aware, SEC investigations are conducted on a non-public and confidential basis to help assure the integrity of the investigative process. See <http://www.sec.gov/complaint/info_tipscomplaint.shtml> for more information on how the Commission handles complaints.
|
||||
|
||||
VI. Regulation SHO -- Releases and Other Guidance
|
||||
------------------------------------------------
|
||||
|
||||
The final adopting release for Regulation SHO and other key documents relating to short sale regulation, such as the "Frequently Asked Questions Regarding Regulation SHO" published by the Staff of the Division of Trading and Markets, are available on the Commission's website at: <http://www.sec.gov/spotlight/shortsales.htm>.
|
||||
|
||||
VII. Who Do I Contact If I Have Questions about Regulation SHO?
|
||||
---------------------------------------------------------------
|
||||
|
||||
Individual investors who have comments or information should feel free to contact the SEC's Office of Investor Education and Assistance at 1-800-SEC-0330 or (202) 942-7040. Investors can also file complaints at <http://www.sec.gov/complaint/tipscomplaint.shtml>.
|
||||
|
||||
* * * * *
|
||||
|
||||
[[1]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref1) For more information on short sales, see <http://www.sec.gov/answers/shortsale.htm>.
|
||||
|
||||
[[2]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref2) For information regarding margin, please see <http://www.sec.gov/answers/margin.htm>.
|
||||
|
||||
[[3]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref3) For more information on the three-day settlement period, also known as "T+3," see <http://www.sec.gov/answers/tplus3.htm> and <http://www.sec.gov/investor/pubs/tplus3.htm>.
|
||||
|
||||
[[4]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref4) For more information about market making, see <http://www.sec.gov/answers/mktmaker.htm> and <http://www.sec.gov/answers/specialist.htm>.
|
||||
|
||||
[[5]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref5) See Exchange Act Release No. 55970 (Jun. 28, 2007), 72 FR 36348 (Jul. 3, 2007); Exchange Act Release No. 56212 (Aug. 7, 2007), 72 FR 45544 (Aug. 14, 2007); Exchange Act Release No. 58775 (Oct. 14, 2008), 73 FR 61690 (Oct. 17, 2008); Exchange Act Release No. 60388 (July 27, 2009), 74 FR 38266 (July 31, 2009); Exchange Act Release No. 61595 (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010).
|
||||
|
||||
[[6]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref6) Under the rule, an order can be marked "long" when the seller owns the security being sold and the security either is in the physical possession or control of the broker-dealer, or it is reasonably expected that the security will be in the physical possession or control of the broker or dealer no later than settlement. However, if a person does not own the security, or owns the security sold but it is not reasonably expected that the security will be in the possession or control of the broker-dealer prior to settlement, the sale should be marked "short." The sale could be marked "short exempt" if the seller is entitled to rely on an exception from the short sale price test circuit breaker.
|
||||
|
||||
[[7]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref7) Broker-dealers engaged in bona fide market making are excepted from having to borrow or arrange to borrow shares due to their potential need to facilitate customer orders in fast-moving markets without possible delays associated with complying with Regulation SHO. For instance, as explained above, they may be required by their market making obligations to sell short in situations where it may be difficult to quickly locate and borrow securities. However, this exception is limited. For example, bona fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer or that is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Further, bona fide market making does not include transactions whereby a market maker enters into an arrangement with another broker-dealer or customer in an attempt to use the market maker's exception for the purpose of avoiding compliance with the locate requirement in Regulation SHO by the other broker-dealer or customer.
|
||||
|
||||
[[8]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref8) Clearing Agencies are self-regulatory organizations that are required to register with the Commission. See <http://www.sec.gov/divisions/marketreg/mrclearing.shtml> and [www.dtcc.com](http://www.sec.gov/cgi-bin/goodbye.cgi?www.dtcc.com/) for more information about the clearance and settlement process and DTCC. A participant of a clearing agency means any person or firm, such as a broker-dealer, that uses a clearing agency to clear and settle securities transactions or to transfer, pledge, lend, or hypothecate securities. It does not include a person or firm whose only use of a clearing agency is (a) through another person or firm that is a participant or (b) as a pledgee of securities. Section 3(a)(24) of the Exchange Act, 15 U.S.C. 78c(a)(24).
|
||||
|
||||
[[9]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref9) Introducing brokers are typically brokers that perform all the functions of a broker except for the ability to accept money, securities, or property from a customer. They are usually not participants of registered clearing agencies and do not perform clearance and settlement functions. See Footnote 9 for more information about participants of a clearing agency.
|
||||
|
||||
[[10]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref10) Settlement day means any business day on which deliveries of securities and payments of money may be made through the facilities of a registered clearing agency.
|
||||
|
||||
[[11]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref11) Under Regulation SHO, threshold securities only include issuers registered or required to file reports with the Commission ("reporting companies"). FINRA Rule 4320 applies threshold close-out requirements to non-reporting securities.
|
||||
|
||||
[[12]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref12) See <http://www.sec.gov/investor/pubs/microcapstock.htm> for more information.
|
||||
|
||||
[[13]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref13) Many of these stocks are also considered "penny stocks." See <http://www.sec.gov/answers/penny.htm>. Because penny stocks are generally risky investments, before a broker-dealer can sell a penny stock, SEC rules require the firm to first approve the customer for the transaction and receive from the customer a written agreement to the transaction. The firm must furnish the customer a document describing the risks of investing in penny stocks. The broker-dealer must tell the customer the current market quotation, if any, for the penny stock and the compensation the firm and its broker will receive for the trade. Finally, the firm must send monthly account statements showing the market value of each penny stock held in the customer's account.
|
||||
|
||||
[[14]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref14) The Commission brought an enforcement action against certain parties, alleging manipulative "naked" short selling, in a scheme sometimes termed as a "death spiral." See Rhino Advisors, Inc. and Thomas Badian, Lit. Rel. No. 18003 (February 27, 2003) at <http://www.sec.gov/litigation/litreleases/lr18003.htm>.
|
||||
|
||||
[[15]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref15) *See* *In the Matter of Gonul Colak and Milen K. Kostov*, Exchange Act Release No. 71461 (Jan. 31, 2014) (settled administrative proceeding), available at <http://www.sec.gov/litigation/admin/2014/33-9522.pdf>; *In the Matter of optionsXpress, et al.*, Admin. Proc. File No. 3-14848 (June 7, 2013), available at <http://www.sec.gov/alj/aljdec/2013/id490bpm.pdf>; *In the Matter of Jeffrey Wolfson, et al*., Exchange Act Release No. 67450 (July 17, 2012) (settled administrative proceeding) available at <http://www.sec.gov/litigation/admin/2012/34-67450.pdf>; *In the Matter of Jeffrey Wolfson, et al.*, Exchange Act Rel. No. 67451 (July 17, 2012) (settled administrative proceeding) available at <http://www.sec.gov/litigation/admin/2012/34-67451.pdf>; *In the Matter of Gary S. Bell*, Exchange Act Release No. 65941 (Dec. 13, 2011) (settled administrative proceeding), available at <http://sec.gov/litigation/admin/2011/34-65941.pdf>; *In the Matter of Rhino Trading, LLC, Fat Squirrel Trading Group, LLC, Damon Rein, and Steven Peter*, Exchange Act Release No. 60941 (Nov. 4, 2009) (settled administrative proceeding), available at <http://www.sec.gov/litigation/admin/2009/34-60941.pdf>; *In the Matter of Hazan Capital Management, LLC and Steven M. Hazan*, Exchange Act Release No. 60441 (Aug. 5, 2009) (settled administrative proceeding) available at <http://www.sec.gov/litigation/admin/2009/34-60441.pdf>*; In the Matter of TJM Proprietary Trading, LLC, et al.*, Exchange Act Release No. 60440 (Aug. 5, 2009) (settled administrative proceeding) available at <http://www.sec.gov/litigation/admin/2009/34-60440.pdf>.
|
||||
|
||||
[[16]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref16) For more information about T+3, see <http://www.sec.gov/investor/pubs/tplus3.htm>.
|
||||
|
||||
[[17]](https://www.sec.gov/investor/pubs/regsho.htm#_ftnref17) A self-regulatory organization is a membership-based organization that creates and enforces rules for its members based on the federal securities laws. SROs, which are overseen by the SEC, are the front line in regulating broker-dealers. See <http://investor.gov/introduction-markets/how-markets-work/market-participants#.VFuPujZOncs> for more information.
|
||||
|
||||
*http://www.sec.gov/investor/pubs/regsho.htm*
|
||||
|
||||

|
||||
|
||||
* * * * *
|
||||
###### Modified: 4/8/2015
|
||||
|
||||
---
|
||||
|
||||
|
||||
> **:information_source: Key Highlights and Takeaways** by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)
|
||||
>
|
||||
> **What is short selling?**
|
||||
>
|
||||
> [Short selling](https://www.investopedia.com/terms/s/shortselling.asp) is selling a stock that **you do not own**.
|
||||
>
|
||||
> **Is short selling illegal?**
|
||||
>
|
||||
> Although the vast majority of short sales are legal, abusive short sale practices are illegal.
|
||||
>
|
||||
> **What is naked short selling?**
|
||||
>
|
||||
> [Naked shorting](https://www.investopedia.com/terms/n/nakedshorting.asp#:~:text=Naked%20shorting%20is%20the%20illegal,before%20they%20sell%20it%20short.) is an illegal practice of short selling shares that **do not exist**. This causes a failure to deliver (FTD).
|
||||
>
|
||||
> **What is a Failure to Deliver (FTD)?**
|
||||
>
|
||||
> A FTD results from either a short or long sale. FTDs can occur due to
|
||||
> 1. Human or mechanical errors such as processing delays
|
||||
> 2. Buyers not having enough cash
|
||||
> 3. Sellers not having the securities
|
||||
>
|
||||
> **What is the Regulation SHO?**
|
||||
>
|
||||
> [Regulation SHO](https://www.investopedia.com/terms/r/regsho.asp) was a rule created by the SEC in 2005 to govern short selling.
|
||||
>
|
||||
> In 2010, the Regulation SHO was amended to stop short selling on a security when prices have decreased by 10% or more during the trading day.
|
||||
|
42
Government/2021-05-05-Genslers-Prepared-Testimony.md
Normal file
42
Government/2021-05-05-Genslers-Prepared-Testimony.md
Normal file
@ -0,0 +1,42 @@
|
||||
Take a Look at Gensler's prepared testimony for tomorrow! Very interesting 🚀
|
||||
=============================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/moonwalkergme](https://www.reddit.com/user/moonwalkergme/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5nvq2/take_a_look_at_genslers_prepared_testimony_for/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
I would like to summarize/highlight some of Gensler's prepared testimony for tomorrow in front of Congress 🚀🚀🚀🚀🚀
|
||||
|
||||
He is confirming some of the great DD here about Dark Pools:
|
||||
|
||||
*" January's events bring new light to equity market structure. Today, our markets essentially have three different segments. While the public generally thinks of the markets as public exchanges like Nasdaq and New York Stock Exchange, those big public markets had about 53 percent of the volume in January, according to public data. 5 So where's the other 47 percent? About 9 percent of January's volume was executed at alternative trading systems. These alternative trading systems, commonly known as dark pools, emerged following the 1998 Regulation ATS rules, taking advantage of then-new advances in the internet and communications technologies. That leaves about 38 percent, the majority of which was executed by off-exchange wholesalers, a group that of firms that have been taking a growing share of trading volume. As publicly available data on reported trades show, just seven wholesalers made up the vast majority of this 38 percent. One firm, Citadel Securities, has publicly stated that it executes about 47 percent of all retail volume.6 In January, two firms executed more volume than all but one exchange, Nasdaq."*
|
||||
|
||||
Holy Shit! 47% of trades not performed on the market. And of course our buddy Kenny handling 47% of retails trades, to his benefit no doubt.
|
||||
|
||||
Short Sellers, they are gonna get this data locked down (and hopefully some locked up) (Also later he talks about swaps and they are trying to address):
|
||||
|
||||
*"At the center of January's market events was significant short selling of a number of the meme stocks. While FINRA and the exchanges currently publish or make available certain short sale data, Congress directed the SEC under the Dodd-Frank Act to publish rules on monthly aggregate short sale disclosures. In addition, Dodd-Frank provided authority to the SEC to increase transparency in the stock loan market. I've directed SEC staff to prepare recommendations for the Commission's consideration on these issues."*
|
||||
|
||||
Reddit and other sites:
|
||||
|
||||
*"To be clear, I'm not concerned about regular investors exercising their free speech online. I am more concerned about bad actors potentially taking advantage of influential platforms."*
|
||||
|
||||
and how they are watching us (Which we already knew):
|
||||
|
||||
*"Furthermore, it's no longer just retail investors or even humans who are following these online conversations, but institutional investors and their algorithms. Developments in machine learning, data analytics, and natural language processing have allowed sophisticated investors to monitor various forms of public communication to see relationships between words and prices. This practice, called sentiment analysis, has picked up steam in the last couple of years, and it has grown to include online communities. With that comes the risk that nefarious actors may try to send signals to manipulate the market. This is an area for which we will continue to deepen our understanding, resources, and capabilities. "*
|
||||
|
||||
Robin the hood: (didn't have enough money)
|
||||
|
||||
*"In January, the rapidly changing prices, high volatility, and significant trading volume of the meme stocks prompted larger-than-usual central clearing margin calls on broker-dealers. Some of those broker-dealers, such as Robinhood, scrambled to secure new funding to post the required margin. A number of brokers chose to restrict additional buying activity by their customers in a variety of the meme stocks."*
|
||||
|
||||
System wide Risks (aka Melvin):
|
||||
|
||||
*"Whenever there are major market events, it's a good idea to consider what risks they might have placed on the entire financial system, even when the system holds. I'd like to highlight a few areas: First, at least one firm didn't have sufficient liquidity to meet margin calls and had to fundraise within hours to meet $1 billion-plus obligations, and several brokers chose to shut down customer access to trading. While these liquidity challenges faced by brokers didn't cascade to the rest of the economy, they did, unfortunately, affect many investors' ability to trade."*
|
||||
|
||||
TL:DR Gensler's testimony shows me that the SEC is moving in the right direction to curb the problems that this and other communities is pointing out with great DD. My opinion only, not Financial advice.
|
||||
|
||||
<https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf>
|
@ -0,0 +1,27 @@
|
||||
Virtual Hearing - Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III
|
||||
===========================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/IantisFineArt](https://www.reddit.com/user/IantisFineArt/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/n65lgf/virtual_hearing_game_stopped_who_wins_and_loses/) |
|
||||
|
||||
---
|
||||
|
||||
[𝗡𝗲𝘄𝘀](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A1%F0%9D%97%B2%F0%9D%98%84%F0%9D%98%80%22&restrict_sr=1)
|
||||
|
||||
Thursday, May 06, 2021 @ 12:00 PM E.T.\
|
||||
<https://www.youtube.com/watch?v=vX2X8xxHEns>
|
||||
|
||||
---
|
||||
|
||||
> **:information_source: Note** added by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)
|
||||
|
||||
### Part II
|
||||
|
||||
Wednesday, March 17
|
||||
https://www.youtube.com/watch?v=imRzHXRq80I&list=UUiGw0gRK-daU7Xv4oDMr9Hg&index=22
|
||||
|
||||
### Part I
|
||||
|
||||
Thursday, February 18, 2021 @ 12:00 PM E.T.
|
||||
https://www.youtube.com/watch?v=RfEuNHVPc_k&list=PLQOYoy_kz05rWVBb07KUpQyJkQfQBTklE&index=21
|
52
Hedge-Funds/2021-02-06-War-Between-Hedge-Funds-Overview.md
Normal file
52
Hedge-Funds/2021-02-06-War-Between-Hedge-Funds-Overview.md
Normal file
@ -0,0 +1,52 @@
|
||||
Overview of Current GME Situation: It's Just Getting Started
|
||||
============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/Foolmonso](https://www.reddit.com/user/Foolmonso/) | [Reddit](https://www.reddit.com/r/GME/comments/le4j0w/overview_of_current_gme_situation_its_just/) |
|
||||
|
||||
---
|
||||
|
||||
*Disclaimer: I am not a financial advisor, nor am I licensed or in any way qualified to dictate or advise your trading decisions. I don't know jack shit about fuck. This is not financial advice. This analysis is not meant to influence, inspire, or inform you regarding your trades. This analysis was written purely as speculation and could be entirely incorrect. I found my own analysis interesting and wanted to share my unprofessional opinion. Furthermore, while these numbers are accurate as per their sources, they may not account for other factors that relate to the stock's activity. I own shares of GME.*
|
||||
|
||||
TLDR: This is currently a war between funds. Your 1.41 shares don't move markets, you little fractional bitch. But if you sell at a loss right now, you're literally just giving them money like a fucking idiot.
|
||||
|
||||
Background: GME is owned almost exclusively by institutions and funds. <https://finance.yahoo.com/quote/GME/holders/>
|
||||
|
||||
The combined top 10 institutions + 10 funds own 88.93% of the shares. I don't know what the fuck 122.04% of Shares Held by Institutions means (may have the do with the made-up shares fuckery, but I'm not going to get into that). The point is, institutions and funds own almost everything, retail owns almost nothing.
|
||||
|
||||
GME was already heavily shorted by late 2020. Likely more than 80% of those shorts occurred at $4 or less.
|
||||
|
||||
Late 2020 Short Interest Data sourced from Capital IQ: <https://imgur.com/a/6lH0nx5>
|
||||
|
||||
Note on shorts: When you short a stock, you have to pay interest DAILY on that stock at the CURRENT PRICE. If the stock's price decreases, you will likely make more money from the decrease than you will lose from the interest. When the price increases significantly, the daily interest may eat at all the potential profits you were hoping to make.
|
||||
|
||||
Early 2021 Short Interest Data sourced from Capital IQ: <https://imgur.com/a/BlQDgI4>
|
||||
|
||||
As you can see above, in late January, the price of GME kept rising, and it likely became unprofitable/risky for these short sellers to continue holding their short position at these prices. They likely knew that the price was eventually going to go down, but it must have cost them a fortune on a daily basis to continue holding. This leads to some of them trying to cover their shorts, which led to the price rising even further, which led to others trying to cover their shorts, etc. Combined with retail mania, this is what created the "squeeze."
|
||||
|
||||
So the short interest goes from 102.08% to 88.58% and the price went from $35.50 to $347.51.
|
||||
|
||||
Now, we know that the shorts were NOT covered. I refer to this excellent post here as to how it's basically mathematically impossible for them to have actually covered: <https://old.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/>
|
||||
|
||||
But there's another simple reason why the shorts weren't covered:
|
||||
|
||||
Who the fuck is going to leave their money with a fund that loses 53% of assets in a single fucking position? The ultra-wealthy whose assets these hedge funds manage would all immediately withdraw all their fucking money and sue for breach of fiduciary duty.
|
||||
|
||||
Melvin may have told the media that they covered their shorts, but I guarantee they fucking called every one of their clients and told them they hadn't covered, and that they had a new plan. Get an injection of cash from Citadel and Point72 ($2.75 Billion) to pay the daily interest rates on their shorts, and run a FUD media campaign against these retail morons to sell and tell them that the squeeze is already over - while Melvin waits it out. "The shorts have been covered, anyone left holding the bag is a fucking moron."
|
||||
|
||||
So what's the current situation?
|
||||
|
||||
1. Team A Hedge Funds: These are the morons who shorted the stock at $4 and below and are currently bleeding. Some of them definitely covered and exited, but it's mathematically impossible for all of them to have covered. These are the REAL BAGHOLDERS. They literally lose money every day that they hold the short as long as the stock is over $4. They need the price to go down to reduce their daily bleed. They need to buy the stock back eventually to stop bleeding or reduce the price to $4 or below again.
|
||||
|
||||
2. Team B Hedge Funds: These are the sharks who sensed the blood in the water and shorted the stock as it was rocketing up. They hold shorts likely in the $150-$450 range. On paper, they have made a fucking fortune and are planning their next move. They love these currently "low" prices and want to buy back the stock and cash in their profit, but they can't do so too quickly without shooting the price up again and losing that profit margin. Because they shorted the stock, they are also bleeding. They will need to buy these stocks back eventually, before their profit goes to nothing (this could be a long long time).
|
||||
|
||||
3. Team C: Institutional Holders and Fund Holders: These guys basically hold all the shares that Team A and Team B Hedge Funds want. They're currently sitting on massive paper gains and want to squeeze Team A and Team B for every cent they have. They know Team A and Team B are bleeding, and that they must eventually buy back the stock (especially Team B since Team B wants to actually realize their profits). They're comfortable sitting on their profits, but they're also very comfortable bleeding these guys out knowing they have to buy back, and they can wipe out a competing fund in the process. They are also very happy if there is another squeeze because rather than sell 5 shares, they would love for the price to jump 500%, sell 1 share, keep 4, and continue bleeding Team A and B.
|
||||
|
||||
What's happening right now is that there is a war being waged between these three groups. Do not underestimate the people who work at hedge funds - they are extremely intelligent, extremely greedy, and extremely competitive. If a moron like me can dissect the situation, they all have certainly figured it out as well. What's happening right now is they are trying to find a market equilibrium price without giving away their positions. Team A wants to cover, but can't seem desperate or else the price will skyrocket. Team B wants to "cover," but can't seem greedy without eating into their profits. And Team C wants to sell and realize their profits, but they can't all do it at once without tanking the price.
|
||||
|
||||
And you, my paper handed fucking mongoloid friend, when you buy high and sell low, you literally throw your fucking losses into this pool for these three to fight over as they try to minimize their losses/maximize their profits.
|
||||
|
||||
The short interest is still massively high and this story is just beginning. This is not the end, despite the FUD and the shilled pessimism in WSB. Will it hit $300 again? Maybe not. Will there be massive volatility as they duke it out and the opportunity to break even/profit? Yes.
|
||||
|
||||
This is not financial advice. I am not telling you to hold. However, you have already paid for your ticket to this show, think about maybe sticking around for the ending.
|
@ -0,0 +1,20 @@
|
||||
Blackrock 13F for quarter ended 3/31/2021
|
||||
=========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/CruxHub](https://www.reddit.com/user/CruxHub/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/n7asqp/blackrock_13f_for_quarter_ended_3312021/) |
|
||||
|
||||
---
|
||||
|
||||
[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
|
||||
|
||||
Just filed today after hours
|
||||
|
||||
<https://www.sec.gov/Archives/edgar/data/0001364742/000108636421000038/0001086364-21-000038-index.html>
|
||||
|
||||
They were holding 9,217,335 as of their last filing in January.
|
||||
|
||||
Still holding 9,175,737 shares.
|
||||
|
||||
This is the way.
|
@ -0,0 +1,416 @@
|
||||
DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse.
|
||||
===========================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/thabat](https://www.reddit.com/user/thabat/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
I had this idea.. What if Citadel has dirt on the DTCC and that's why they're letting this shit go on?
|
||||
|
||||
My first thought was to look into any relationship between Kenny G and Michael Bodson, head of DTCC.
|
||||
|
||||
*Insert 20 mins of DD, found no initial Kenny/Mikey connection, then decided to look into Mr DTCC's LinkedIn page*
|
||||
|
||||
Michael Bodson worked for Morgan Stanley for 20 years from Jun 1986 - Jul 2006. Doesn't say anything about him before that. *How did he get this Managing director role?*
|
||||
|
||||
Says from 1976 to 1980 he was in Boston College. Then there's a 6 year gap that says he's a managing director at Morgan Stanley. What happened between those 6 years?
|
||||
|
||||
I'd like to know.
|
||||
|
||||
*Insert Googling*
|
||||
|
||||
<https://www.dtcc.com/about/leadership/board/michael-bodson>
|
||||
|
||||
Says:
|
||||
|
||||
*".. held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, he was Global Head of the Institutional, Retail and Asset Management Operations Department. He previously served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. He served as Head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo, and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong. Prior to joining Morgan Stanley, he worked at Bear Stearns and Price Waterhouse. "*
|
||||
|
||||
Wait wait wait... hold up.
|
||||
|
||||
Michael Dodson, head of DTCC worked at Morgan Stanley. Prior to that he worked at Bear Stearns?
|
||||
|
||||
And what the fuck is Price Waterhouse?
|
||||
|
||||
YO I THINK I FOUND A RABIT HOLE!!
|
||||
|
||||
*Insert Price Waterhouse Google*
|
||||
|
||||
<https://www.pwc.com/>
|
||||
|
||||
*PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.*
|
||||
|
||||
So many ways we can Google this....
|
||||
|
||||
Let's start with "michael bodson price waterhouse"
|
||||
|
||||
It just keeps showing the same LinkedIn bio. Let's remove the bear. (giggity)
|
||||
|
||||
Google: "michael bodson price waterhouse -bear"
|
||||
|
||||
Ooo interesting:
|
||||
|
||||
<https://www.dtcc.com/annuals/2015/pages/management-committee.html>
|
||||
|
||||
CTRL+F "Price"
|
||||
|
||||
Look what popped up:
|
||||
|
||||
Susan Cosgrove Managing Director, Chief Financial Officer
|
||||
|
||||
Susan Cosgrove is Managing Director and Chief Financial Officer, leading DTCC's global finance and treasury teams and overseeing the company's efforts to further strengthen its financial processes and capital position. She is also responsible for procurement, real estate, corporate services and location strategy.
|
||||
|
||||
Cosgrove was previously Managing Director and General Manager of Settlement and Asset Services, overseeing all depository businesses. Prior to this role, she was the General Manager for DTCC's Equity and Fixed Income Clearing Services. Cosgrove is a member of DTCC's Management Committee, and she is Co-chair of the New Initiatives Committee. She also serves as a member of the board of directors for Deriv/SERV, Omgeo and Pencil.org, a not-for-profit organization leading collaboration between business and education communities.
|
||||
|
||||
Prior to joining DTCC in 1999, she served as a Senior Vice President at Lehman Brothers in charge of Audit and Compliance for the company's Americas division. Before Lehman, she worked at Maxcor Financial Group for 10 years as Chief Financial Officer and Head of Compliance. Cosgrove began her career as a Senior Auditor for PricewaterhouseCoopers in its Financial Services Group.
|
||||
|
||||
Side note: This popped up in the middle of my researching... lmao
|
||||
|
||||
[Coincidence? Maybe lmao](https://preview.redd.it/hby96j5jzex61.jpg?width=625&format=pjpg&auto=webp&s=18fedac97d4dc4e7d8a0a972e74a702b7cec9278)
|
||||
|
||||
INTERESTING.
|
||||
|
||||
So the DTCC has at least 2 people in Chief positions who worked for Price Waterhouse.
|
||||
|
||||
This seems important.
|
||||
|
||||
*Google google google*
|
||||
|
||||
Found this:
|
||||
|
||||
<https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration>
|
||||
|
||||
[Price Waterhouse Coopers profited 322 million Euros off the collapse of Lehman Brother's. INTERESTING!](https://preview.redd.it/f642crekwex61.jpg?width=1261&format=pjpg&auto=webp&s=7037bf86950a947d207d8fe97e183d3b33a2b673)
|
||||
|
||||
So wait wait wait WAIIIT.
|
||||
|
||||
When exactly did Michael Bodson go from Morgan Stanley to DTCC?
|
||||
|
||||
*Alt+Tab to LinkedIn*
|
||||
|
||||
Mar 2007
|
||||
|
||||
I FEEEEEEEL A WRINKLE COMING ON!!!!
|
||||
|
||||
When did the whole housing market thing happen?
|
||||
|
||||
*Insert Google: Financial Crisis timeline*
|
||||
|
||||
<https://www.thebalance.com/2007-financial-crisis-overview-3306138>
|
||||
|
||||
February 2007: Homes Sales Peak
|
||||
|
||||
February 26, 2007: Greenspan Warns of a Recession, But the Fed Ignores It
|
||||
|
||||
March 6, 2007: Stock Market Rebounds After Worst Week in Years
|
||||
|
||||
March 2007 - Hedge Funds Housing Losses Spread Subprime Misery
|
||||
|
||||
March 2007 - Michael Bodson becomes Executive Managing Director of the DTCC
|
||||
|
||||
*(It doesn't say that on the page, I just added in for dramatic effect)*
|
||||
|
||||
Ayeee so Mikey got a ~~puppet~~ managing position at the DTCC the same month banks started to realize they were fucked? After previously working at Morgan Stanley and Bear Stearns? Hmmm...
|
||||
|
||||
And now we know at least 2 Chief officers worked previously at PwC which profited 322 million from Lehman's collapse...
|
||||
|
||||
Let's google "PwC DTCC LinkedIn" and see how many more connections we can find.
|
||||
|
||||
Sharon (Krim) Hayes
|
||||
|
||||
Director FP&A at DTCC
|
||||
|
||||
Manager
|
||||
|
||||
PwC
|
||||
|
||||
1995 - 2004
|
||||
|
||||
9 years
|
||||
|
||||
Boston, MA
|
||||
|
||||
5 years in Audit practice then 4 years in M&A practice.
|
||||
|
||||
P.J. Savalli
|
||||
|
||||
Executive Director at The Depository Trust & Clearing
|
||||
|
||||
PwC
|
||||
|
||||
14 years 7 months
|
||||
|
||||
DirectorAug 2003 - Feb 2010
|
||||
|
||||
6 years 7 monthsNew York, New York
|
||||
|
||||
Provided advisory serves to clients in the financial services industry addressing a range of Governance, Risk and Compliance ("GRC") issues, including Enterprise Risk Management, Operational Risk, Credit Risk, Internal Audit and Internal Controls.
|
||||
|
||||
- ManagerAug 1995 - Aug 2003
|
||||
|
||||
- 8 years 1 monthGreater New York City AreaConducted financial statement audits and attestation engagements for Banking and Capital Markets clients. Executed and led risk management engagements for clients in the financial services industry.
|
||||
|
||||
Jennifer Ng
|
||||
|
||||
Data Privacy
|
||||
|
||||
- 📷****Director of Information Privacy
|
||||
|
||||
- The Depository Trust & Clearing Corporation
|
||||
|
||||
- Nov 2013 - Present
|
||||
|
||||
- 7 years 7 months
|
||||
|
||||
- PricewaterhouseCoopers LLP
|
||||
|
||||
- 17 years 2 months
|
||||
|
||||
- Information Protection - Sr ManagerJan 2005 - Oct 2013
|
||||
|
||||
- 8 years 10 monthsJersey City, NJ
|
||||
|
||||
Mahesh Gutala
|
||||
|
||||
Associate Director at DTCC
|
||||
|
||||
- 📷DTCC10 years 3 months
|
||||
|
||||
- Associate DirectorFeb 2017 - Present4 years 4 monthsTampa, Florida
|
||||
|
||||
- Lead Software EngineerDec 2013 - Feb 20173 years 3 monthsTampa/St. Petersburg, Florida Area
|
||||
|
||||
- Senior Software DeveloperMar 2011 - Nov 20132 years 9 months
|
||||
|
||||
- 📷****Sr. ConsultantFirst AdvantageNov 2010 - Feb 20114 months
|
||||
|
||||
- 📷****Development ManagerPricewaterhouseCoopersJul 2006 - Oct 20104 years 4 months
|
||||
|
||||
THE LIST JUST GOES ON AND ON AND ON!!!!!
|
||||
|
||||
I wonder... is there a connection between Citadel and PwC???
|
||||
|
||||
*Google: Citadel PwC LinkedIn*
|
||||
|
||||
Jimmy Huebner, CPA
|
||||
|
||||
Tax VP at Citadel
|
||||
|
||||
- 📷****Tax VPCitadelNov 2020 - Present
|
||||
|
||||
- 7 monthsChicago, Illinois, United States
|
||||
|
||||
- 📷****PwC8 years 11 months
|
||||
|
||||
- Asset Management Tax Senior ManagerJul 2020 - Present
|
||||
|
||||
- 11 monthsChicago, Illinois, United States
|
||||
|
||||
- M&A Tax ManagerJul 2018 - Jul 2020
|
||||
|
||||
- 2 years 1 monthWashington D.C. Metro Area
|
||||
|
||||
- Asset Management Tax ManagerJul 2017 - Jun 2018
|
||||
|
||||
- 1 yearChicago
|
||||
|
||||
- Asset Management Tax Senior AssociateJul 2014 - Jun 2017
|
||||
|
||||
- 3 yearsChicago
|
||||
|
||||
- Asset Management Tax AssociateJul 2012 - Jun 2014
|
||||
|
||||
- 2 yearsChicago
|
||||
|
||||
Caitlin Estes, CFA
|
||||
|
||||
Senior Product Specialist at Citadel
|
||||
|
||||
Senior Product Specialist
|
||||
|
||||
Citadel
|
||||
|
||||
Aug 2020 - Present
|
||||
|
||||
10 months
|
||||
|
||||
Intern-FSR
|
||||
|
||||
PricewaterhouseCoopers
|
||||
|
||||
Jun 2011 - Aug 2011
|
||||
|
||||
13 month
|
||||
|
||||
Evan Slaubaugh, CPA
|
||||
|
||||
Senior Accountant at Citadel
|
||||
|
||||
- Senior AccountantCitadelDec 2019 - Present
|
||||
|
||||
- 1 year 6 monthsChicago, Illinois
|
||||
|
||||
- 📷****PwC3 years 3 months
|
||||
|
||||
- Financial Services Tax Senior Associate and Digital AcceleratorJun 2018 - Dec 2019
|
||||
|
||||
- 1 year 7 monthsGreater Chicago Area
|
||||
|
||||
- Financial Services Tax AssociateOct 2016 - Jun 2018
|
||||
|
||||
- 1 year 9 monthsGreater Chicago Area
|
||||
|
||||
- 📷****State and Local Tax Intern
|
||||
|
||||
PwCJun 2015 - Jul 2015
|
||||
|
||||
- 2 monthsHouston, Texas Area
|
||||
|
||||
Lynn (Qingmao) Lin
|
||||
|
||||
Finance & Accounting at Citadel
|
||||
|
||||
- 📷****Finance & AccountingCitadelOct 2020 - Present
|
||||
|
||||
- 8 monthsNew York, New York, United States
|
||||
|
||||
- 📷****PwC2 years 10 months
|
||||
|
||||
- Senior AssociateJul 2019 - Oct 2020
|
||||
|
||||
- 1 year 4 monthsNew York, New YorkAssurance | Asset Management | Alternative Investments
|
||||
|
||||
- Experienced AssociateJul 2018 - Jun 2019
|
||||
|
||||
- 1 yearNew York, New YorkAssuarance - Asset Management - Alternative Investments
|
||||
|
||||
- Assurance AssociateJan 2018 - Jun 2018
|
||||
|
||||
- 6 monthsNew York, New YorkAssurance | Asset/Wealth Management - Alternative Investments
|
||||
|
||||
- 📷****Corporate Tax InternLehman Brothers Holdings Inc.Mar 2015 - Dec 2016
|
||||
|
||||
- 1 year 10 monthsJersey City, New Jersey
|
||||
|
||||
- 📷****Assurance Intern -FSOPwCJan 2016 - Mar 2016
|
||||
|
||||
- 3 monthsNew York, New York
|
||||
|
||||
Steve Root
|
||||
|
||||
Financial Controls Manager at Citadel
|
||||
|
||||
- 📷****Financial Controls ManagerCitadelOct 2019 - Present
|
||||
|
||||
- 1 year 8 monthsGreater Chicago Area
|
||||
|
||||
- 📷****PwC10 years 4 months
|
||||
|
||||
- ManagerAug 2016 - Oct 2019
|
||||
|
||||
- 3 years 3 monthsChicago, IllinoisI'm a Risk Assurance Manager for PwC in the Chicago office with domestic and international public accounting experience. I've had a diverse industry focus from the start of my career, including Banking (3+ years), Payment Processing (2 years), Card Services (3+ years), Asset Management (4+ years) and Insurance clients. As a result, I have developed a deep knowledge of clearing house, card processing and financial services systems, as well as the processes and controls that accompany them.
|
||||
|
||||
-
|
||||
|
||||
- ManagerJul 2015 - Jul 2016
|
||||
|
||||
- 1 year 1 monthLos Angeles, CaliforniaRisk Assurance Manager for PwC in the Los Angeles office. Focused primarily in the Asset Management industry serving clients with AUMs between $17 billion and nearly $2 trillion. As a result, I have developed a deep knowledge of the processes and controls of investment advisors.
|
||||
|
||||
-
|
||||
|
||||
- Senior AssociateJul 2012 - Jun 2015
|
||||
|
||||
- 3 yearsLos Angeles, CaliforniaRisk Assurance Senior Associate for PwC in the Los Angeles office. Diverse industry focus over the years, including Banking, Payment Processing, Card Services and Asset Management clients. Built deep knowledge of controls related to business process and ITGC's. Delivered dozens of SOC 1 and AT 101 reports, including multiple first year engagements where a full assessment of the control environment was performed from scratch.
|
||||
|
||||
Again, list goes on and on and on and on.
|
||||
|
||||
So wait.. I wonder also..
|
||||
|
||||
Has anyone from DTCC and Citadel crossed swords directly?
|
||||
|
||||
*Google Citadel DTCC LinkedIn*
|
||||
|
||||
Gerald Beeson
|
||||
|
||||
Chief Operating Officer at Citadel
|
||||
|
||||
- 📷****Citadel28 years 3 months
|
||||
|
||||
- Senior Managing Director, Chief Operating OfficerFeb 2008 - Present13 years 4 months
|
||||
|
||||
- Chief Financial OfficerMar 2003 - Feb 2008
|
||||
|
||||
- 5 yearsChicago, IL
|
||||
|
||||
- Managing Director, Global ControllerSep 1997 - Mar 20035 years 7 months
|
||||
|
||||
- Accounting Associate, Finance & AccountingJun 1994 - Sep 19973 years 4 months
|
||||
|
||||
- Intern, Finance & AccountingMar 1993 - Jun 19941 year 4 months
|
||||
|
||||
Member, Board of Directors📷
|
||||
|
||||
Member, Board of Directors
|
||||
|
||||
The Depository Trust & Clearing Corporation (DTCC)
|
||||
|
||||
Jun 2005 - Apr 2010
|
||||
|
||||
4 years 11 months
|
||||
|
||||
------
|
||||
|
||||
AHHHH There u have it folks. The current COO of Citadel was on the board of directors at the DTCC while serving as CFO at the time.
|
||||
|
||||
That's the last piece of the puzzle for me. I don't need to look any further.
|
||||
|
||||
So let's review what we've learned:
|
||||
|
||||
The DTCC AND Citadel are both almost entirely made up of people who worked at a company called PwC which profited 322M from Lehman's collapse.
|
||||
|
||||
Former employees going back and forth between all 3 companies. Would be super simple to share information and palm favors.
|
||||
|
||||
Like for example..
|
||||
|
||||
Easily approving financial statements when Citadel obviously does SHADY SHIT:
|
||||
|
||||
<https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG_BS_ONLY_2018.pdf>
|
||||
|
||||
[Did ya'll even read anything? I bet you didn't. I bet you just approved their financials and ignored all their naked shorting over the years because Cindy gave you a BJ at a frat party in 89'.](https://preview.redd.it/xnicek7l6fx61.jpg?width=1398&format=pjpg&auto=webp&s=fafdb5516b9e0beec00a8b789311157b2ab245f0)
|
||||
|
||||
I started this trying to find a connection between Kenny and Michael but found myself going down a rabbit hole that any normal sane person would be terrified to post.
|
||||
|
||||
[lmao last time I posted something like this, I got death threats. This one might be legit.. Pray for me guyz.](https://preview.redd.it/0t8g7tswcfx61.jpg?width=1223&format=pjpg&auto=webp&s=d46227fa9df5dd28a41b4e02f8e8e875b0fe879d)
|
||||
|
||||
Just for shits and giggles let's see how far PwC is from Citadel.
|
||||
|
||||
[MOTHER OF GOD](https://preview.redd.it/k8nboe66zex61.jpg?width=1484&format=pjpg&auto=webp&s=61865d4886121f7ed2ceefb5cf067f3483fe20b2)
|
||||
|
||||
12 minute walk from PwC to Citadel.
|
||||
|
||||
This is just my opinion but based on this information, I think this is the reason why things have been moving so slowly. This mini shadow organization that's made up of all these people who worked for the same firms, even interns went from 0 to 100 real quick. High ranking positions, probably as puppets for a larger entity. *"Do this and that when we tell you to, and on paper you'll be kings and queens"*
|
||||
|
||||
What does this mean? What is the point?
|
||||
|
||||
Based on the proposed legislation changes, it appears to me that someone's tired of their shit. And closing in on them little by little and they're running around terrified someone's gonna see through all their shady activities.
|
||||
|
||||
If I'm right, and they realized shit was about to hit the fan, they'd probably be...... up late.... on the weekends.... shredding all evidence of their fuckery.......... Hey wait, aren't there pics of lights on at all these buildings???
|
||||
|
||||
TL;DR: A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007.
|
||||
|
||||
Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL.
|
||||
|
||||
*Edit: Thanks for the awards but I'd rather ya'll spend those on GME.*
|
||||
|
||||
*Message to Citadel, PwC, DTCC, whoever else is involved:*
|
||||
|
||||
*Yo, maybe I'm completely wrong. Who knows. BUT the longer this shit goes on, the deeper we apes will be looking. And we're retarded. We can't help ourselves. We'll keep looking and looking and pointing shit out. We are the uncomfortable autistic child in the room saying very uncomfortable things that the adults don't want known publicly.*
|
||||
|
||||
*Everyone knows you're doing some kinda shady shit, no one can definitively prove any of it but... SOONER OR LATER we're gonna stumble on something LEGIT Legit. And it's gonna fuck you up real bad. Worse than what ever covering would cost you. So you're better off just covering so we take our tendies and go.*
|
||||
|
||||
Edit 2:
|
||||
|
||||
Of course shills are gonna shill. Ape they are the 4 big accounting firms. DUH that's the point. One or more of them are in on this bullshit but PwC did the last opinion on them. PwC has deeper ties. PwC as a whole may not be in on it, I'm saying a few key employees could easily do favors. Theres major corruption. Shills are missing the point that Citadel and DTCC are intimate together. Idgaf about PwC I'm saying this is a tie to DTCC and Citadel.
|
@ -0,0 +1,122 @@
|
||||
Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...
|
||||
===============================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
<https://imgur.com/MWZFUUe>
|
||||
|
||||
<https://sec.report/Document/0001616344-21-000004/>
|
||||
|
||||
I see you Kenny. I used to think that you were just a bystander in this, and caught up in your friends bad bets; you turned out to be the main villain.
|
||||
|
||||
And $57,500,000,000 (billion with a B... that's 57 thousand million for all the non-US apes) is the bare minimum you owe. Why do I know this? Because it's on your annual frickin' report, and you spend 12 months a year cooking those numbers to look as positive as possible to your investors. You don't put your worst numbers in a published report...
|
||||
|
||||
What were your short positions from the year before?
|
||||
|
||||
<https://sec.report/Document/0001146184-20-000006/>
|
||||
|
||||
$27.5b...
|
||||
|
||||
You doubled your position last year, Kenny.
|
||||
|
||||
* * * * *
|
||||
|
||||
Citadel claims on their own page that they process over 25% of all market trades, and close to 50% of all retail trades.
|
||||
|
||||
<https://www.citadelsecurities.com/products/equities-and-options/>
|
||||
|
||||
Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker.
|
||||
|
||||
In this post: <https://old.reddit.com/r/Wallstreetbetsnew/comments/m6xehe/robinhood_the_missing_link/> - I talked about how RobbingYourAss and Citadel are engaging in CFD-like activities; legally floating orders to close at better prices, if you will. I believe Citadel's annual report just solidified that, in my mind.
|
||||
|
||||
*Note: Understand, I'm not exactly talking about rehypothecation or naked shorting of any individual company here... I believe he's issuing short shares "legally" under his Market Making abilities... *
|
||||
|
||||
* * * * *
|
||||
|
||||
Citadel's plan is to route as much of retails orders through its system as possible, and issue a short share for whatever trade is sent to them through a retail platform.
|
||||
|
||||
70-90% of retail trades lose money. By issuing a short share on the trade instead of locating a real share to transact, they are simultaneously "providing liquidity", while also betting directly against retail. It used to be a hugely safe bet. It was making money both ways. They collect free money on the share sale, make money by selling off the short positions in a bond (more on this in a second), and make money by the separate entities holding the short positions while Citadel Securities continues to drive the price down.
|
||||
|
||||
But then retail won a bet. And not just one bet, but they won multiple bets simultaneously. In late January, multiple stocks spiked at the same time: Gamestop, Nokia, AMC, BlackBerry, etc...
|
||||
|
||||
* * * * *
|
||||
|
||||
THAT is why Citadel had to shut down trading, and why RobbingYourMum only shut down trading on specific stocks. And THAT is why we just heard in the last congressional hearing directly from the DTCC, that the DTCC did NOT raise margin requirements and cause a halt to any trading.
|
||||
|
||||
Citadel, as the market maker for 50% of all retail trades, was short on positions that were processed through RubbingYourCuck... and every single position went up huge at the exact same time. Citadel was caught on the line for every single short position that they created and that was held by RibbedCondom users.
|
||||
|
||||
And they still are.
|
||||
|
||||
They were providing liquidity to retail the entire time before the squeeze at the pre-squeeze prices.
|
||||
|
||||
And yes, I already hear you: "But those short positions could just be their daily market making activity and completely normal in a day-to-day operation."
|
||||
|
||||
The truth is: It doesn't matter.
|
||||
|
||||
* * * * *
|
||||
|
||||
It only matters that those positions existed before the squeeze. The initial run-up happened so fast that there was no time to reverse their positions. The prices went up by multiples in a single day. Any short position they held, they were now locked in to.
|
||||
|
||||
And that's assuming that every share purchased *during* the run-up, also wasn't just short shares going out the door. Citadels page states:
|
||||
|
||||
"Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker."
|
||||
|
||||
Automated.
|
||||
|
||||
If they had the automated system programmed to create a short position for a percentage of all retail shares routed to it... THAT explains why trading was completely shut off. The system was just generating short shares the entire time, and Citadel was (and is) the one on the line for all of it. THAT is also why they allowed selling and not buying. It allowed them to try and purchase back their shares at the same prices they shorted them at, with no buying interference.
|
||||
|
||||
Know what the best part of all this is?
|
||||
|
||||
That $57,500,000,000 was what they had on the books as of 12/20/20... it doesn't even count what happened in January.
|
||||
|
||||
* * * * *
|
||||
|
||||
Kenny, my man... Exactly how deep are you right now?...
|
||||
|
||||
If Citadel executes 50% of all retail trades, and there were 800,000,000 trades on GME alone between Jan 21 and Jan 29 (<https://finance.yahoo.com/quote/GME/history?p=GME>)... how many of those 400,000,000 shares did you short to provide liquidity, Kenny? How many did you cover?...
|
||||
|
||||
How many are still owed after exercising all of your options for the last 4 months?
|
||||
|
||||
Is that why Citadels corporate bonds were rated BBB-? The absolute lowest rating you can get for investment grade bonds? Is it because your updated liabilities page looks like a raging dumpster fire?
|
||||
|
||||
That is why Citadel keeps being called out by name in the congressional hearings and being asked if they should be allowed to fail. Because I now firmly believe that Citadel is the ultimate bagholder of all of this.
|
||||
|
||||
* * * * *
|
||||
|
||||
Remember, not only did Citadel bail out Melvin to avoid the margin call dominoes from falling, Citadel Advisors also personally lost over 3% of their worth in January alone (what was reported): <https://markets.businessinsider.com/news/stocks/here-are-the-hedge-fund-winners-and-losers-amid-januarys-gamestop-mania-2021-2-1030034341>
|
||||
|
||||
Citadel Advisors showed $234bil in AUM in 05/01/20: <https://aum13f.com/firm/citadel-advisors-llc>
|
||||
|
||||
(Remember, Citadel Advisors is separate from Citadel Securities)
|
||||
|
||||
If they lost 3%, that's $7,000,000,000 in losses in January alone, not counting the Cohen bailout.
|
||||
|
||||
So how do I think Citadel Advisors and Melvin Capital wound-up holding short positions created by Citadel Securities if there is supposed to be a firewall between the two of them? By re-packaging the short positions and selling themselves collateralized trust bonds. Crazy Melon ([u/sydneyfriendlycub](https://www.reddit.com/u/sydneyfriendlycub/)) has a very well-written group of posts about it here: <https://old.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/>
|
||||
|
||||
Citadel Securities would sell short positions to facilitate liquidity on retail trades, and simultaneously bet against retail. Citadel Securities would package those short positions in Collateralized Trust Bonds, and sell those bonds to Citadel Advisors and Melvin Capital.
|
||||
|
||||
That would get the short positions off of Citadel Securities books, effectively "covering" them, and allow them to show FINRA a lower short position holding. They then use their Market Maker status to continue issuing shorts on a stock like GME, causing the price to fall, and the short positions of Melvin and Citadel Advisors to go up in value. It was an infinite money glitch, until retail won a trade.
|
||||
|
||||
* * * * *
|
||||
|
||||
Want proof of more insider fuckery?
|
||||
|
||||
Explain to me how Melvin just filed an amended report, showing that he magically found a holding position of $121,500,000 worth of PUT options of VIACOM from December, right after the Archegos liquidation happened?
|
||||
|
||||
<https://www.sec.gov/Archives/edgar/data/1628110/000090571821000618/xslForm13F_X01/infotable.xml>
|
||||
|
||||
I'm sure that the SEC finds that reporting those puts 4 months after the due date is completely normal... considering the circumstances.
|
||||
|
||||
Sorry to cut this off abruptly, but I'm tired and the screen is going hazy. Time for ape to sleep. If I tie anything else together, I'll be sure to break the tin-foil hat back out later.
|
||||
|
||||
If I got anything wrong that you think needs attention, lemme know so I can edit it. I like my conspiracy theory, but it doesn't mean its 100% correct.
|
||||
|
||||
TL;DR:
|
||||
|
||||
Heg r fuk
|
174
Jungle-Beat-Archives/2021-05-24-Jungle-Beat.md
Normal file
174
Jungle-Beat-Archives/2021-05-24-Jungle-Beat.md
Normal file
@ -0,0 +1,174 @@
|
||||
The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]
|
||||
========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/TheJungleBeat](https://www.reddit.com/user/TheJungleBeat/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nk6u60/the_jungle_beat_0524_its_lucy_komisar_ama_day/) |
|
||||
|
||||
---
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
[![r/Superstonk - The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]](https://preview.redd.it/sie013v1x2171.jpg?width=1426&format=pjpg&auto=webp&s=e5bd5d23c226b58c8381408deecbf249fc6b04ce)](https://preview.redd.it/sie013v1x2171.jpg?width=1426&format=pjpg&auto=webp&s=e5bd5d23c226b58c8381408deecbf249fc6b04ce)
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
🎶🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶🎶
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
Hi Apes,
|
||||
|
||||
B_T here! I am pleased to be addressing you guys again. Welcome to The Jungle Beat, a new collaborative project Pink and I are working on. We thought it would be great to bring you guys two daily posts:
|
||||
|
||||
The Daily Stonk having a greater focus on hard news, and DD. Something to start the day with, like a newspaper. While The Jungle Beat focuses on highlighting the community in a lighthearted, more casual way. Something that you can wind down with at market close everyday. Big news, community announcements, content from the Apes, like a community board. We hope you guys like it!
|
||||
|
||||
Today PinkCats is busy prepping with Lucy Komisar, but she wanted to welcome you guys herself so that said... Over to you [u/PinkCatsOnAcid](https://www.reddit.com/u/PinkCatsOnAcid/):
|
||||
|
||||
___________________
|
||||
|
||||
*What's up Superstonk! I'm so excited to be working on The Jungle Beat with* [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) *and the whole mod team! This concept is ever evolving, and was born from the idea of providing a daily post written by apes, for apes. A speak-piece for the sub that brings you the latest, most relevant news from around Superstonk.*
|
||||
|
||||
*Speaking personally, I sincerely enjoyed the time I spent with you all writing the Superstonk Daily and I hope that this new format serves to continue the idea that we are committed to growing this sub and it's following, using verified, trusted information from mods and community members alike! The Jungle Beat is the steady drum by which we all march in this Battle of the HODLers of GME vs. Goliath. Thank you apes for bringing the magic to this jungle! None of this would exist without this community and its resolve.* 💖🦄✨🦍💎🐈
|
||||
|
||||
[![r/Superstonk - The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]](https://preview.redd.it/yfjs4rmr64171.jpg?width=540&format=pjpg&auto=webp&s=f9ac5b11052bfca7cb09989ce5cf248238a55c08)](https://preview.redd.it/yfjs4rmr64171.jpg?width=540&format=pjpg&auto=webp&s=f9ac5b11052bfca7cb09989ce5cf248238a55c08)
|
||||
|
||||
Signed, PinkCat
|
||||
|
||||
___________________
|
||||
|
||||
Thanks for jumping in on such a busy day!
|
||||
|
||||
So without any more delay, here is debut edition of The Jungle Beat!
|
||||
|
||||
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
|
||||
|
||||
📰 LUCY KOMISAR AMA TODAY 📰
|
||||
|
||||
We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, the SEC, and GameStop. Today's AMA is going to focus on The Securities and Exchange Commission (SEC). Needless to say this is going to be a hugely important insight on this matter given Lucy's history and familiarity with the SEC.
|
||||
|
||||
Lucy will be sharing with us the history, the purpose of the formation of the SEC, and sharing details on their regulatory oversight.
|
||||
|
||||
Tune in today at 4:30 pm Eastern on the [Superstonk Live YouTube channel!](https://www.youtube.com/watch?v=wuPizlDY0Ys)
|
||||
|
||||
___________________
|
||||
|
||||
Suggested reading for today is Lucy Komisar's latest article on this whole short-selling scam:
|
||||
|
||||
[How corrupt brokers, hedge funds with govt & media facilitators steal from stock market investors](https://www.thekomisarscoop.com/2021/05/how-corrupt-brokers-hedge-funds-with-govt-media-facilitators-steal-from-stock-market-investors/)
|
||||
|
||||
___________________
|
||||
|
||||
Check out the Last AMA with Lucy Komisar here: [Lucy Komisar AMA - Part 1](https://www.youtube.com/watch?v=wKXWvEpnN34&t=3s)
|
||||
|
||||
And a transcript-- accompanied by summaries here: [Lucy Komisar AMA (Pt1) AMA Transcript/ Summary](https://www.reddit.com/r/Superstonk/comments/nj867u/official_ama_lucy_komisar_monday_may_24th_lucy/)
|
||||
|
||||
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
|
||||
|
||||
♠♣♥♦ [u/atobitt](https://www.reddit.com/u/atobitt/)'s House Of Cards ♠♥♦♣
|
||||
|
||||
So as if the hype train wasn't rolling with enough steam already, [u/atobitt](https://www.reddit.com/u/atobitt/) brought us an appetizer for the HOC II&III with this little update:
|
||||
|
||||
*"I have officially finished the HOC part II and submitted it to Dr. T, Wes Christian and Dave Lauer (* [u/dlauer](https://www.reddit.com/u/dlauer/) *) for review. They are welcome to share among their peers, as well.*
|
||||
|
||||
*I have shared this document with the MOD team and asked them to keep it hush-hush until we receive feedback. They can give their impression, but not any detail. That being said, it is a 24 page word document explaining how big the House of Cards truly is. Instead of trimming out vital information, I have decided to double-drop parts II & III at the same time once I have feedback from the experts.*
|
||||
|
||||
*I appreciate everyone being patient and ask for you to give our experts the time they need to fully review the findings. This is important and I appreciate all of their efforts to make the story airtight."* - [u/atobitt](https://www.reddit.com/u/atobitt/)
|
||||
|
||||
[![r/Superstonk - The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]](https://preview.redd.it/k7t6lv33o3171.jpg?width=780&format=pjpg&auto=webp&s=3b17d8cbf1720ff52d7918586aaf027ec51aeb41)](https://preview.redd.it/k7t6lv33o3171.jpg?width=780&format=pjpg&auto=webp&s=3b17d8cbf1720ff52d7918586aaf027ec51aeb41)
|
||||
|
||||
(This is legit how I felt - B_T)
|
||||
|
||||
I can confirm that this piece is going to make you mad and make you HODL and probably make you want to completely smash the broken way of doing things and start over (as if you don't already). We highly recommend taking this opportunity to refresh yourself on [HOC Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)
|
||||
|
||||
Major shoutout to [u/atobitt](https://www.reddit.com/u/atobitt/) for such dedication to writing his entire collection of DD for all of us smooth brain apes to finally understand the elements at play here. We don't do hero worship around here, but we do give credit where it's due and Ato has been working tirelessly on the research and writing of this HOC trilogy.
|
||||
|
||||
Atobitt, you embody a true ape. This community appreciates the time you spend on your contributions.
|
||||
|
||||
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
|
||||
|
||||
📢 NEW MODS - In case you missed it 📢
|
||||
|
||||
[u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) announced on the weekend that we have some new team members. This weekend went very smoothly and that was due, in no small part, to these two individuals... So glad to you have you guys on board. I am so excited for all the amazing ideas these guys have, there is some exciting stuff coming!
|
||||
|
||||
So, we thought this would be a great opportunity for them to officially introduce themselves. If you haven't already, say hello to [u/Sharkbaitlol](https://www.reddit.com/u/Sharkbaitlol/) and [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) !
|
||||
|
||||
___________________
|
||||
|
||||
[u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)
|
||||
|
||||
"*Greetings, apes!*
|
||||
|
||||
*It is I,* [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)*! BT and Pink asked me to write a blurb about my new role as mod for the best subreddit in existence, so here me be.*
|
||||
|
||||
*I was brought on to function as an Ape-bassador, if you will, with a focus on community engagement. Your friendly neighborhood Ape Assistant. That means interacting with all of you breathtaking creatures!* *I'll be in the comments with y'all, cracking jokes and pretending I have wrinkles, same as I was before becoming a mod, in addition to a few pet projects I have in the works. Some of you have already encountered the "wild FLAIR POST"s out in the jungle (please, if you got new custom flair from me in the last 24hrs, comment "thanks for the flair" below! Some of them were hilarious and others were very creative), but don't worry if you missed it. I promise there will be more. In fact, let's start now! Comment the custom flair you want and I'll do as many as I can before my fingers fall off. One of my main goals, after all, is to get every ape that wants it their own flair. I'll also be developing a "suggestion box" that apes can provide feedback to as far as things they like/don't like about the sub, ways we can improve, content that y'all'd like to see, etc.*
|
||||
|
||||
*Lastly, in an effort to make sure the other mods are able to dedicate the time they need to their own duties, I ask that you tag me in posts requiring attention (beyond the normal reporting of spam/inappropriate material/FUD/etc). If I am unable to assist you myself, I'll call upon whichever mod is most appropriate to the situation. I'm not saying to only tag me, but that I am happy to serve as liaison between apes and mods. Fun fact, most mods are tagged between 30 and 200 times a day. Every day (I believe red, for example, is at 400+ notifications as I type this). As you can imagine, it can get difficult to keep up, especially when there are other projects that require focus and attention to detail, plus boring IRL stuffs.*
|
||||
|
||||
*Thank you all for everything you do for this sub. It wouldn't be the best place on the interwebs without you. Y'all know the mantra by now: Buy, Hold, vote if you can, and always be excellent to each other!*
|
||||
|
||||
*Power to the Player! 🚀🌛 "*
|
||||
|
||||
___________________
|
||||
|
||||
[u/Sharkbaitlol](https://www.reddit.com/u/Sharkbaitlol/)
|
||||
|
||||
*Hey everyone,*
|
||||
|
||||
*It's your ape,* [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) *chomping away at the DD posts. It's been a crazy couple of days since being brought on, I greatly appreciate all the kind words all of you have been leaving me. This post may serve as a good time to bring up why I was brought on, and what I aim to do during my time here!*
|
||||
|
||||
*It's becoming apparent that* [r/superstonk](https://www.reddit.com/r/superstonk/) *is becoming a key destination for many (including reporters) to find information about not only on GME, but the economy. The level of data we have apes including into their posts is often worthy of Pulitzer awards; that's not an exaggeration. These are posts loaded with links, graphs, math and data. Believe me, they're getting noticed on a global level.*
|
||||
|
||||
*To help initiative further, my goal here will be to categorize, summarize and provide additional research points on news articles and DD around the sub. You will probably see this initiative around superstonk in the comments section of a post, under the header "Shark Tank Review". This is an effort to help simplify the information being presented into a quick "TA;DR (too ape; didn't read)" that helps you understand what part of the puzzle you're looking at!*
|
||||
|
||||
*Here is an example of one of these posts 🙂*[*https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc_to_citadel_what_or_who_is_the_link/gz6nm3b?utm_source=share&utm_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc_to_citadel_what_or_who_is_the_link/gz6nm3b?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
*With that being said; I too am only one ape, so I will rely on this community to tag me on posts you feel could be important to the puzzle. I will try my best to get to as many posts as I can!*
|
||||
|
||||
*To the moon and beyond apes 🚀🌛*
|
||||
|
||||
___________________
|
||||
|
||||
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
|
||||
|
||||
🗳VOTE VOTE VOTE🗳
|
||||
|
||||
I will say this over and over again until we get to the Shareholders Meeting:
|
||||
|
||||
EVERYONE MUST VOTE THEIR SHARES. If you are given the opportunity to vote and you pass it up, you are doing yourself a disservice. You aren't taking the opportunity to exercise your right as a shareholder, and therefore you are allowing the HF's to get away with this behavior.
|
||||
|
||||
It sounds like every day more and more apes get their paperwork to vote. I don't know about you guys but I am totally HYPED to see the vote count. I have a feeling it is already far beyond the number of shares that exist... but only GameStop knows that number for now.
|
||||
|
||||
[![r/Superstonk - The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]](https://preview.redd.it/xezpoavtc3171.jpg?width=1000&format=pjpg&auto=webp&s=03c02eabb853ad8b26a765a97505ba9b46a9529a)](https://preview.redd.it/xezpoavtc3171.jpg?width=1000&format=pjpg&auto=webp&s=03c02eabb853ad8b26a765a97505ba9b46a9529a)
|
||||
|
||||
**Psst* Hey Ryan Cohen, feel free to hit me up with that vote count! I can keep a secret* 😏
|
||||
|
||||
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Mon - Lucy Komisar AMA | T+35
|
||||
|
||||
Tues - T +21
|
||||
|
||||
Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) |Harambe's Birthday
|
||||
|
||||
Friday - Harambe Memorial Day (R.I.P.)
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes.
|
||||
|
||||
*OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
[![r/Superstonk - The Jungle Beat 05/24 [🚀 IT'S LUCY KOMISAR AMA DAY! 🚀]](https://preview.redd.it/vkr7mmens2171.jpg?width=1600&format=pjpg&auto=webp&s=5c45e4ab22dd4619e3cbd10d14ccfe00c011ea73)](https://preview.redd.it/vkr7mmens2171.jpg?width=1600&format=pjpg&auto=webp&s=5c45e4ab22dd4619e3cbd10d14ccfe00c011ea73)
|
||||
|
||||
Please feel free to share feedback on The Jungle Beat. If you have any ideas for what you'd like to see in these posts in the future, let us know!!
|
250
Jungle-Beat-Archives/2021-05-25-Jungle-Beat.md
Normal file
250
Jungle-Beat-Archives/2021-05-25-Jungle-Beat.md
Normal file
@ -0,0 +1,250 @@
|
||||
The Jungle Beat- Tuesday 05-25-2021 🦍🤝💪
|
||||
==========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/TheJungleBeat](https://www.reddit.com/user/TheJungleBeat/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nk6u60/the_jungle_beat_0524_its_lucy_komisar_ama_day/) |
|
||||
|
||||
---
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
*The Jungle Beat will now be posted at 4:20 PM NYSE time daily!*
|
||||
|
||||
[](https://preview.redd.it/cjmfw42drb171.png?width=1426&format=png&auto=webp&s=a19522520db4ae2f78f50dfafd375c33d6869981)
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶
|
||||
|
||||
$GME Closing Price: $209.43
|
||||
|
||||
[](https://preview.redd.it/lcfjlbiwqb171.png?width=657&format=png&auto=webp&s=69db5109af0828a7661f39c6f8801a7b24566d60)
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
Lucy Komisar AMA Part 2- Topic of Discussion- The SEC
|
||||
|
||||
*by* [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) 🐈🦄
|
||||
|
||||
[Here's a link to the Lucy Komisar Part 2 AMA from yesterday!](https://youtu.be/wuPizlDY0Ys)
|
||||
|
||||
[](https://preview.redd.it/oxrxvtiyqb171.png?width=677&format=png&auto=webp&s=7eb086c533add256b1da00eec59eaf6034b4de9a)
|
||||
|
||||
Yesterday after battling some pretty frustrating technical difficulties, we got to hear the most legendary bedtime story from journalism icon, Lucy Komisar. The topic of discussion was the SEC, and I think we all got a LOT more than we bargained for when she started getting into how Naked Short Selling has been going on for nearly a century.
|
||||
|
||||
[I made a Post-AMA DD here, which includes Lucy's script from the AMA.](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/)
|
||||
|
||||
There were some key takeaway points from Lucy's side. Here are the things she believes the SEC needs to address in order to fix the cancer that is Naked Short Selling (NSS)
|
||||
|
||||
*from the Lucy K script:*
|
||||
|
||||
What should the SEC do now? Solutions are there if it wants to protect investors, not do as it is told by the big broker-dealers.
|
||||
|
||||
- Require buy-ins. Require the broker of the investor who doesn't get shorted stock delivered to buy it on the market and charge the seller's broker. Of course, requiring buy-ins would make the stock go up, the shorters lose money.
|
||||
|
||||
- Restore the uptick rule so shorters can't sell for less that the last shorted trade. That would stop shorters hammering a stock down to bankruptcy.
|
||||
|
||||
- Create a consolidated audit trail (CAT) to collect order and trade execution information to identify and enable punishment of illegal trading activities, including naked short selling. More than a decade after the SEC promised it, following the 2010 flash crash, CAT doesn't exist.
|
||||
|
||||
- Impose real penalties on transgressors, like loss of license.
|
||||
|
||||
- Send cases of serial trading cheats to the Justice Department for criminal prosecution.
|
||||
|
||||
- End the revolving door with Wall Street.
|
||||
|
||||
- What will Gary Gensler do? And will he listen most to the pushback from the big brokers or investors like people on Superstonk?
|
||||
|
||||
So, if we want to create change within the system that was created to protect these crooks, we have to MAKE NOISE!
|
||||
|
||||
As many of you know, I myself have submitted tips and complaints to the SEC as well as other alphabet entities that were relevant to my tip like the Federal Trade Commission.
|
||||
|
||||
I am not suggesting 320,000 apes contact the SEC and just scream loud noises at them. I, myself, however will be sending a well versed letter with the proof I have of market manipulation, as well as the key points for change that Lucy listed above.
|
||||
|
||||
[Submit a complaint to the SEC](https://www.sec.gov/tcr)
|
||||
|
||||
*Again, this is to be used discriminately by individuals wishing to file legitimate complaints!*
|
||||
|
||||
[](https://preview.redd.it/f2olzid0rb171.png?width=988&format=png&auto=webp&s=070a44496a48c77b77b61e729110b577c7976e21)
|
||||
|
||||
Mic check, Chairman G can you hear us? Cuz you're about to!
|
||||
|
||||
I want to thank all you apes again for your patience yesterday, and for being supportive to Lucy and hearing her message in spite of the issues! This is such a supportive community and I am so dang proud to call myself one of you. 💖💪
|
||||
|
||||
I heard y'all like hype trains....🚂🚂🚂🚂🚂🚂
|
||||
|
||||
Lucy will be coming back to interview Wes Christian in an exclusive AMA style interview!
|
||||
|
||||
[Don't miss Lucy Komisar and Wes Christian next Wednesday, June 2, 2021 at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
[](https://preview.redd.it/cx7i3mb5rb171.png?width=842&format=png&auto=webp&s=e860e0ce95135a9907e60b86c1d7bca6fa04361f)
|
||||
|
||||
VOTE YOUR SHARES
|
||||
|
||||
Voting your shares is the Number 1 way to prove the magnitude of naked short selling. Here's info on how to vote your shares. Be sure to do so by the annual meeting date of June 9, 2021!
|
||||
|
||||
Steps to Voting:
|
||||
|
||||
1. HAVE YOUR CONTROL NUMBER
|
||||
|
||||
Obtained from your broker, not to be shared with anyone. This number should be confidential.
|
||||
|
||||
2\. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER).
|
||||
|
||||
Do not input your control number unless you are 100% sure that the site is legit.
|
||||
|
||||
3\. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR.
|
||||
|
||||
Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that.
|
||||
|
||||
4\. SUBMIT YOUR BALLOT.
|
||||
|
||||
5\. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED.
|
||||
|
||||
Gamestop's Board of Directors is urging everyone to vote as soon as possible.
|
||||
|
||||
_________________________________________________________________________________
|
||||
|
||||
🐈 BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧
|
||||
|
||||
Well, did you...
|
||||
|
||||
- Check your broker inbox for proxy info✔
|
||||
|
||||
- Check your email✔
|
||||
|
||||
- Send a message via your broker help/chat interface✔
|
||||
|
||||
- Call your broker and request your control number✔
|
||||
|
||||
- Look around the comments and other posts to see if any resources have been shared that might help you in your search✔
|
||||
|
||||
- Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔
|
||||
|
||||
And what if I can't vote because my broker won't let me?
|
||||
|
||||
[Well, here's what this ape did.](https://www.reddit.com/r/Superstonk/comments/nkoo7n/i_finally_made_it_voted/)
|
||||
|
||||
[And here's what this ape did.](https://www.reddit.com/r/Superstonk/comments/nknop1/after_weeks_of_mail_exchanges_with_our_broker/)
|
||||
|
||||
MORAL OF THE STORY: DON'T TAKE NO FOR AN ANSWER
|
||||
|
||||
[](https://preview.redd.it/owllxrr6rb171.png?width=1000&format=png&auto=webp&s=63a147d9fa627280e81d8487be6df0b20fa05c52)
|
||||
|
||||
Don't forget to get your voted flair!
|
||||
|
||||
If you voted, type !apevote!
|
||||
|
||||
If you tried and your broker won't let you, MAKE A TON OF NOISE! AND DON'T TAKE NO FOR AN ANSWER!
|
||||
|
||||
But also type !novote! for your own special flair!
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
[NFT.GAMESTOP.COM](https://nft.gamestop.com/)
|
||||
|
||||
THAT'S IT THAT'S THE ARTICLE. WHY DOES THIS WEBSITE EXIST?! BULLISH AF
|
||||
|
||||
p.s. click the white dot in the corner! (^・x・^)
|
||||
|
||||
[](https://preview.redd.it/gmp3hfae8c171.png?width=727&format=png&auto=webp&s=923944b82a47c5612a1c4691559d0847ba1a744c)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Dark Pools and Lit Exchanges
|
||||
|
||||
Lucy has mentioned it, Dave Lauer has talked and taught on the subject, even Wes Christian calls for an end to dark pool. Trading outside of lit exchanges allows for less rules and regulations to be applied, as Lucy and Dave have explained in depth. THIS IS HOW THEY'RE GETTING AROUND THE SEC! Is it the only way? OF COURSE IT ISN'T! But this is another action step apes can take to finally pierce the veil the shrouds these criminals in secrecy and protection.
|
||||
|
||||
Everyone needs to be routing their purchases of Gamestop shares through lit exchanges like IEX.
|
||||
|
||||
[Here's a post with great information on how to find out whether your broker offers these options.](https://www.reddit.com/r/Superstonk/comments/ni2gbm/why_are_memes_and_stupid_shit_still_so_popular/)
|
||||
|
||||
This will be a recurring section in the Jungle Beat, and we will be adding more information on how to do this through various brokers as we develop this story.
|
||||
|
||||
_____________________________________________________________________________________________
|
||||
|
||||
Team Work Makes the Meme Work... and Here's the Gamestop Team
|
||||
|
||||
[](https://preview.redd.it/rig6nzg8rb171.png?width=981&format=png&auto=webp&s=99cedfef7dfba93df861f9ed5c2e8c2e54c8606f)
|
||||
|
||||
[Here is the link to u/crazysearchjefferson 's OP](https://www.reddit.com/r/DDintoGME/comments/nku3ty/ryan_cohens_uptodate_all_star_team/?utm_medium=android_app&utm_source=share)!!
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
Financial Services Hearing Committee Updates
|
||||
|
||||
There is a Committee Memorandum and Legislation Acts that were updated late last night (around the time of Papa Cohen's tweet...).
|
||||
|
||||
Link to [Financial Services Committee hearing webpage](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756)
|
||||
|
||||
(Thursday, May 27th 2021 @ 12pm EST).
|
||||
|
||||
[Committee Memorandum](https://democrats-financialservices.house.gov/UploadedFiles/HHRG-117-BA00-20210527-SD002.pdf)
|
||||
|
||||
Legislation:
|
||||
|
||||
[H.R. ____, the "Consumer Abuse Remediation Enhancement (CARE) Act."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-ConsumerAbuseRemediationEnhancementCAREAct.pdf)
|
||||
|
||||
[H.R. ____, the "Disclose Megabank Ratings Act."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-DiscloseMegabankRatingsAct.pdf)
|
||||
|
||||
[H.R. ____, the "Expanding Financial Access for Underserved Communities Act ."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-ExpandingFinancialAccessforUnderservedCommunitiesAct.pdf)
|
||||
|
||||
[H.R. ____, the "Greater Supervision in Banking (G-SIB) Act."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-HRGreaterSupervisioninBankingG-SIBAct.pdf)
|
||||
|
||||
[H.R. ____, the "Holding Megabanks Accountable Act."](http://https//democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-HoldingMegabanksAccountableAct.pdf)
|
||||
|
||||
[H.R. ____, the "Megabank Board Standards Act."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-MegabankBoardStandardsAct.pdf)
|
||||
|
||||
[H.R. ____, the "Municipal I.D.s Acceptance Act."](https://democrats-financialservices.house.gov/UploadedFiles/BILLS-117pih-MunicipalIDsAcceptanceAct.pdf)
|
||||
|
||||
Thanks to user [u/THE_LABIA](https://www.reddit.com/u/THE_LABIA/) in the comments!
|
||||
|
||||
_____________________________________________________________________________
|
||||
|
||||
Community Spotlight - [u/AaronJamesArq](https://www.reddit.com/u/AaronJamesArq/)
|
||||
|
||||
Something we have far too little of, in my opinion, are posts that help us review the basics of this trade. Its important to remember that we have new apes coming here every day to figure out whats up with GME.
|
||||
|
||||
[u/AaronJamesArq](https://www.reddit.com/u/AaronJamesArq/) is working on this awesome series, "Explain with Crayons" that puts the basics in an easily digestible format. This is not an easy task given the complexity of the matters at hand. I would highly recommend checking these out, and sharing them around:
|
||||
|
||||
-[Reminders for baby apes](https://www.reddit.com/r/Superstonk/comments/njxty1/reminders_for_all_the_baby_apes_visual_format/)
|
||||
|
||||
[-What Is Naked Shorting?](https://www.reddit.com/r/Superstonk/comments/nk40b6/explain_w_crayons_series_what_is_naked_shorting/)
|
||||
|
||||
-[Fudamentals of $GME](https://www.reddit.com/r/Superstonk/comments/nkouqs/explain_w_crayons_series_fundamentals_of_gme_why/)
|
||||
|
||||
This is the kind of content that helps others get their foot in the door with regards to the GME saga. So we thank you for putting your time and effort into these, Aaron. So very excited to see more! *(Also as a dabbler in graphic-design, I must say I love your style!)*
|
||||
|
||||
-B_T
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Mon - Lucy Komisar AMA | T+35
|
||||
|
||||
Tues - T +21
|
||||
|
||||
Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) |Harambe's Birthday
|
||||
|
||||
Friday - Harambe Memorial Day (R.I.P.)
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes.
|
||||
|
||||
*OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
[](https://preview.redd.it/jht6d8s9rb171.png?width=1600&format=png&auto=webp&s=ff3cea0fffb7e4c9ee336ba6892ff2ab59be3e80)
|
242
Jungle-Beat-Archives/2021-05-27-Jungle-Beat.md
Normal file
242
Jungle-Beat-Archives/2021-05-27-Jungle-Beat.md
Normal file
@ -0,0 +1,242 @@
|
||||
The Jungle Beat- Thursday 05-27-2021- AMAs FOR DAYS! 🚀🚀🚀
|
||||
===========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmgmgq/the_jungle_beat_thursday_05272021_amas_for_days/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
[](https://preview.redd.it/go6xeb19vp171.png?width=1426&format=png&auto=webp&s=b3de2da0b4cc6cea78b6587b17d3076cd56ef57d)
|
||||
|
||||
Today's Jungle Beat features an article by our fellow mod, u/Bradduck_Flyntmoore!
|
||||
|
||||
__________________________________________________________________________________________
|
||||
|
||||
🥁 🦍Welcome to the Jungle🦍🥁
|
||||
|
||||
__________________________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $254.13
|
||||
|
||||
Open Price: $229.80
|
||||
|
||||
Daily High: $264.00
|
||||
|
||||
Daily Low: $227.00
|
||||
|
||||
Volume: 15.23 MM
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
✏🚌 GME 101 🍎🖍
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[](https://preview.redd.it/sf6fokg8lp171.jpg?width=810&format=pjpg&auto=webp&s=ad93ec42c3482bba62ec9cdf562f1192feadae76)
|
||||
|
||||
possible, it is
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit last night! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||
|
||||
[](https://preview.redd.it/scgouvvepp171.jpg?width=512&format=pjpg&auto=webp&s=ac7f58be3b4066bd880f43d7b4fc4c5a9c68a8d7)
|
||||
|
||||
go read it now!
|
||||
|
||||
_____________________________________________________________________________________________
|
||||
|
||||
Our next AMA will be Lucy Komisar hosting Wes Christian!
|
||||
|
||||
[Don't miss Lucy Komisar and Wes Christian next Wednesday, June 2, 2021 at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||
|
||||
[](https://preview.redd.it/9tmhi63oqp171.png?width=1542&format=png&auto=webp&s=7df48cf998290778e96533105feea541133863ae)
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
A Word from [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) about how Superstonk is POPPIN'
|
||||
|
||||
When I woke up today, I saw the most beautiful sight I thought I would ever see... 100k apes online! I saw this number and my jaw dropped. but then...
|
||||
|
||||
11:00 am - 123k
|
||||
|
||||
11:45 am - 130k
|
||||
|
||||
1:00 pm - 131k
|
||||
|
||||
2:27 pm -135k
|
||||
|
||||
2:31 pm - 147k
|
||||
|
||||
3:00 pm -149k
|
||||
|
||||
3:17 pm - 152k
|
||||
|
||||
4:20 pm - 173,000!!! ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°)
|
||||
|
||||
So yeah, 100k was just the beginning. Today [r/Superstonk](https://www.reddit.com/r/Superstonk/) has reached a pretty exciting point. Not only did we continue breaking record highs with regards to our users online, but the retention of those users was outrageous. To put into perspective the kind of numbers we are dealing with, check out this post
|
||||
|
||||
[u/flyingsaxophone](https://www.reddit.com/u/flyingsaxophone/) [Posted about it here](https://www.reddit.com/r/Superstonk/comments/nm9a0n/120k_apes_online_right_now_the_worlds_largest/)
|
||||
|
||||
[](https://preview.redd.it/uigaslibup171.jpg?width=4608&format=pjpg&auto=webp&s=ea9298583de4c7d1a2a01b27c6b1bfda929c0616)
|
||||
|
||||
This is Modi Stadium in India. Its a cricket stadium and it truly is the largest sports stadium in the world. Holding a maximum of 132,000 people. When he posted this we hadn't broken past 120k but as of writing this, we would have more than sold out that stadium with our 149k online (OMG)... and that isnt even to mention the WHOLE OTHER HALF OF US NOT ONLINE.
|
||||
|
||||
If there was ever a doubt that we can make change, there isn't any longer. To those of you who feel yourself doubting that apes together are strong... look at that stadium... thats only half of us.
|
||||
|
||||
OOK OOK motherFUDers
|
||||
|
||||
[](https://preview.redd.it/f105p57tup171.png?width=1570&format=png&auto=webp&s=e346e48a1e52c51bc9a8a2c21674cd12e7eb52ac)
|
||||
|
||||
Our online membership vs WSB
|
||||
|
||||
Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||
|
||||
_________________________________________________________________________________________________
|
||||
|
||||
The Bananya Cat Game 🍌🐈🌝🚀
|
||||
|
||||
[](https://preview.redd.it/n3xnlkg1pp171.png?width=649&format=png&auto=webp&s=19cab304185f7d2bc57e71ae6431f81c65a15924)
|
||||
|
||||
Credit to u/CrayolaDinner for this screenshot!
|
||||
|
||||
I am choosing to believe the bananya cat game was made discreetly, yet directly, for us apes at Superstonk.
|
||||
|
||||
[NFT.Gamestop.com](https://nft.gamestop.com/) click the little white dot in the top right corner!
|
||||
|
||||
So [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) and I decided we wanna see those high scores!
|
||||
|
||||
Drop your high score in the comments! We will be looking for the apes that have beat the game cuz YOU GET A CUSTOM FLAIR!!
|
||||
|
||||
Bananya Cat Wizard 🍌🐈🚀
|
||||
|
||||
(yes that's a pinball wizard reference)
|
||||
|
||||
GO BEAT THE GAME SO WE CAN SEE WHAT'S AT THE END! THERE MUST BE A SECRET MESSAGE OR SOMETHING!
|
||||
|
||||
Drop a screenshot or comment your high score below! 👇
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
Community Spotlight- The Reverse Repo Rate Nightmare
|
||||
|
||||
Essential reading to understand:
|
||||
|
||||
[The Imminent Liquidity Crisis & Reverse Repo Usage- The Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/)- by [u/plants69](https://www.reddit.com/u/plants69/)
|
||||
|
||||
[](https://preview.redd.it/sujfo7bsqp171.png?width=960&format=png&auto=webp&s=118f29544f185336b0bae98a8838307c85f586a6)
|
||||
|
||||
[Here's the link to see the daily rate for yourself.](https://fred.stlouisfed.org/series/RRPONTSYD)
|
||||
|
||||
FYI $485 Billion is the highest in history.
|
||||
|
||||
[](https://preview.redd.it/c9ejyzvksp171.jpg?width=927&format=pjpg&auto=webp&s=05055b3ae536d92e79d1ae4f9ea702eeb7eab8b6)
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
Community Spotlight- [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)
|
||||
|
||||
Personal FUD: Defeating the Enemy Within
|
||||
|
||||
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! Today, I'd like to talk to you all about Personal FUD and how to overcome it. What IS personal FUD, you might ask? For the newer apes who might not know, FUD is an acronym meaning Fear, Uncertainty and Doubt. It often comes in the form of shills using disinformation or misdirection, even straight up lies or threats. BUT, it is also all those negative thoughts creeping around in your head that whisper negativity to you.
|
||||
|
||||
"You didn't earn this." "It'll never work out, it never does." "You'll find a way to mess this up, just like everything else you touch." "Other people deserve this more than you." "Give up, it isn't worth it." "What about all the people that will suffer if you break the economy?" "You never get lucky, this is no different." Those are just a few examples of personal FUD. The things we say to ourselves that bring us down and make us question why we are even here in the first place.
|
||||
|
||||
I've seen a lot of apes go through this, especially when they first get deeply involved with GameStop. Hell, I went through it. It is for this reason I write to you today, to let you know: apes together strong; you ARE worthy; and you DO deserve happiness and tendies. I shall now elaborate.
|
||||
|
||||
Whose capital are you investing? Yours. Whose time are you dedicating to learning about the stock and the market as a whole? Yours. Who has to deal with the shills constantly trying to drag apes down and convince them they are wrong? It's YOU! It is all apes. Who has been patiently waiting for days, weeks, or months, only to watch the stock get manipulated like crazy? You again. But guess what? Apes are STILL winning, despite all the fuckery they can muster.
|
||||
|
||||
Nobody made you do any of that. It wasn't luck. It was all a conscious choice you made to better yourself, your life, and the lives of those you care about. Is it a risk? Sure, most worthwhile things are. There is no way to know what the future holds. This risk, unlike most others, however, is extremely calculated. There is a mind-boggling amount of info supporting a MOASS. Hedgies r fuk, as the saying goes. Just look at the media for confirmation. How long has this "been over" now? I don't know about the rest of you, but I ain't hear no bell!!
|
||||
|
||||
As a community, I've seen some incredible love and respect and knowledge and kindness and humor being passed around. Blows my mind every day. This is, in my humble opinion, the greatest place on the internet, and what apes are doing WILL change the world. It has already started. Just look at all the new rules that are being put into place because of the actions of apes! Look at the extremely knowledgeable, industry professional AMA guests that come here and the light that burns in their eyes upon seeing how serious apes are about breaking the corrupt game to pieces. It's amazing. They know it, I know it, apes should know it, too.
|
||||
|
||||
I'd like to leave this on a note for those who still have Personal FUD rattling in their heads, despite what I have said here. Reach out to your fellow apes. Engage in the community. Learn. Laugh. Don't be afraid to talk about your Fear, Uncertainty, and Doubt. WE HAVE ALL BEEN THERE. Some of us likely still are. Lean on the apes that have more experience or have been in the game longer. Apes Together Strong means helping each other become better than we are, every day. I do not Fear for our future, rather, I am excited for it. I am not Uncertain of the outcome, as we have already won; it's just a matter of waiting for reality to catch up. And I do not Doubt apes will change the world, as I can see it happening before my very eyes.
|
||||
|
||||
Power to the Player! 🚀🌙
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
VOTE YOUR SHARES
|
||||
|
||||
[](https://preview.redd.it/x9pywqxawp171.png?width=842&format=png&auto=webp&s=6f5f0fe0201b47076b70df10e5dd43d1fe3a7b61)
|
||||
|
||||
[This masterpiece DD on Voting tells you all you need to know to vote your shares!](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) HUGE SHOUTOUT TO [u/nauaf](https://www.reddit.com/u/nauaf/)**, our fellow mod, for putting in the time and effort to get this information into 1 document!**
|
||||
|
||||
Voting is not only how we expose [the illegal activity that has been plaguing our financial markets for almost a century](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/?utm_source=share&utm_medium=web2x&context=3), as Lucy Komisar pointed out..
|
||||
|
||||
But it's also ACTIONABLE PROOF OF DAMAGES IN A US COURT OF LAW, as proven by our guest Wes Christian.
|
||||
|
||||
That means if we know a good lawyer, a lawsuit can be arranged, once we have proof of damages ;)
|
||||
|
||||
(smooth brains- proof of damages = proof of overvoting)
|
||||
|
||||
So this is it. This is the final room with the chest that has the boss key. The bokoblins are guarding it. We just leveled up and got the Master Sword with [u/Atobitt](https://www.reddit.com/u/Atobitt/)'s DD drop. Here we go, apes. It's show time. Vote those shares and let's show these fuckers who they messed with.
|
||||
|
||||
[](https://preview.redd.it/0xgg7nrlxp171.png?width=1000&format=png&auto=webp&s=c869c5072a08db9cf0f1d3780650434b7bdc9871)
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
A note from your friendly local Pink Cat 🐈🦄✨
|
||||
|
||||
On yesterday's Jungle Beat, as many of you may have seen, I was just sitting there chilling in the comments, giving people flairs and trying to get back in the groove of things. Reddit was being wonky at the time, so I thought it was just me at first, but I realized that
|
||||
|
||||
THE ENTIRE TEXT BODY OF THE POST DISAPPEARED.
|
||||
|
||||
Now, the post *didn't* get deleted or removed. It was somehow *edited* down to only the header and intro part of the post. After sitting in shock for about 5 minutes and getting [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)'s eyes on it, we confirmed it disappeared out of thin air. I ultimately deleted the post because it was an empty shell siting there.
|
||||
|
||||
Idk, I wasn't logged into [u/TheJungleBeat](https://www.reddit.com/u/TheJungleBeat/) at the time, I was logged in and interacting with you guys as Pink Cats. So it couldn't have been an accidental edit on my end.
|
||||
|
||||
Long story short, if you experienced this yesterday with the reddit glitches, I would LOVE to put the mystery to rest. I was pretty heartbroken to find all that work disappear with no trace. (Literally. Our awesome mod [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) looked everywhere on the back end for it. Poof. Gone.) I don't know what happened to it. Even the draft for it is gone. Reddit admin has only offered the solution of changing the password and taking precautionary steps against a hack.
|
||||
|
||||
And after internal discussion with *every* other possibility, it looks like that's probably the only answer...
|
||||
|
||||
So, I appreciate your patience as we have figured out the growing pains of the Daily sub piece and what it will be called, when it will be posted, who will be posting it... etc. This piece will now be posted again by yours truly, because we had to take precautionary measures with the [u/TheJungleBeat](https://www.reddit.com/u/TheJungleBeat/) account, SO THERE WILL BE NO MORE OFFICIAL POSTS BY THIS ACCOUNT! We decided that third party accounts are a bit too vulnerable obviously, for the serious level of online attacks we are dealing with.
|
||||
|
||||
It's been a rough week.
|
||||
|
||||
Y'all have been so accepting, loving, supportive, and just altogether magical. I would literally do anything for this community. From the bottom of my heart, thanks so much for feeling like this pink cat's home. ✌💖🦄
|
||||
|
||||
[P.S.- Turn on 2 Factor Authentication on literally all your important accounts.](https://www.theverge.com/22215571/factor-authentication-2fa-apple-microsoft-google-how-to) 🤙
|
||||
|
||||
________________________________________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Mon - Lucy Komisar AMA | T+35
|
||||
|
||||
Tues - T +21
|
||||
|
||||
Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
|Harambe's Birthday
|
||||
|
||||
Friday - Harambe Memorial Day (R.I.P.)
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK* Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
____________________________________________________________________________________________________________
|
||||
|
||||
[](https://preview.redd.it/jko08mi1mp171.png?width=1600&format=png&auto=webp&s=a16fad595ddf899b3a9b336aa1dabe1b0d06b2b7)
|
190
Jungle-Beat-Archives/2021-05-28-Jungle-Beat.md
Normal file
190
Jungle-Beat-Archives/2021-05-28-Jungle-Beat.md
Normal file
@ -0,0 +1,190 @@
|
||||
The Jungle Beat- Friday 05-28-2021- FLAIR FRIDAY!! 🚀🚀🚀
|
||||
=========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nn6naj/the_jungle_beat_friday_05282021_flair_friday/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
[](https://preview.redd.it/tbbayfeosw171.png?width=1426&format=png&auto=webp&s=650b0130663ce840e6879049aac38f4004f78312)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $222
|
||||
|
||||
Open Price: $262.17
|
||||
|
||||
Daily High: $268.80
|
||||
|
||||
Daily Low: $221.50
|
||||
|
||||
Volume: 11.56 MM
|
||||
|
||||
DON'T FORGET THE NYSE IS CLOSED MONDAY!
|
||||
|
||||
[](https://preview.redd.it/ctdbxa673x171.jpg?width=540&format=pjpg&auto=webp&s=64403b8f58a00689cf285c6dda6f111137198350)
|
||||
|
||||
no stonks til Tuesday
|
||||
|
||||
________________________________________________________________________________
|
||||
|
||||
It's Flair Friday!! Drop your custom flair request and I'll get to as many as I can!
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
✏🚌 GME 101 🍎🖍
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[](https://preview.redd.it/rlaht7idzw171.png?width=500&format=png&auto=webp&s=a4e6939b380f7b213a13c2c47d5a8f7c8633ee51)
|
||||
|
||||
meme cred to u/sunkoflex!
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
AMA Update: Dr. T will NOT be joining [u/Atobitt](https://www.reddit.com/u/Atobitt/) for a part 2 AMA on June 8
|
||||
|
||||
She is open to rescheduling in the future, so we will be discussing when that would be ideal. Stay tuned!!
|
||||
|
||||
Our next AMA will be Lucy Komisar hosting Wes Christian!
|
||||
|
||||
[Don't miss Lucy Komisar and Wes Christian next Wednesday, June 2, 2021 at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||
|
||||
[Here's a link to her last AMA from Monday in case you missed it!](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=7s)
|
||||
|
||||
[](https://preview.redd.it/8xevdj4utw171.png?width=1542&format=png&auto=webp&s=011a2e06153caf38f2f47d9b5d93bc84ddb8a9c5)
|
||||
|
||||
Lucy Komisar
|
||||
|
||||
_____________________________________________________________________________________
|
||||
|
||||
New Superstonk Community Award!
|
||||
|
||||
You can now gift the Superstonk Award on posts! Make sure to give these out to Supremely Stonky posts. We hope to host a community contest for future awards!
|
||||
|
||||
[](https://preview.redd.it/3jf9xr0l4x171.png?width=2000&format=png&auto=webp&s=c17f5917c00ccb9f7db15cc8719ee4ef643dc2c8)
|
||||
|
||||
*Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.*
|
||||
|
||||
*A portion of Coins from Community Award purchases will be deposited to the community's Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community's sidebar*
|
||||
|
||||
___________________________________________________________________________________________
|
||||
|
||||
VOTE! by [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.
|
||||
|
||||
We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.
|
||||
|
||||
By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...
|
||||
|
||||
There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation.
|
||||
|
||||
[](https://preview.redd.it/z97v4vwduw171.png?width=1000&format=png&auto=webp&s=c5a41df2dc0005242453bbf31e58ecfe2eba73b4)
|
||||
|
||||
And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.
|
||||
|
||||
There is proof that this works, as we are receiving news today that [Etoro](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/), [Tiger](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) and [FUTU](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.
|
||||
|
||||
UPDATE: [The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/)
|
||||
|
||||
[Also, be sure to read this piece by](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [u/Nauaf](https://www.reddit.com/u/Nauaf/) [on how to vote your shares!](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)
|
||||
|
||||
Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄
|
||||
|
||||
_______________________________________________________________________________________________________
|
||||
|
||||
Community Spotlight- Double feature:
|
||||
|
||||
[u/Dlauer](https://www.reddit.com/u/Dlauer/)
|
||||
|
||||
I don't think anyone expected Dave Lauer to become an Ape when he first started interacting with us... But wow, I really have to hand it to this guy, he really feels like good people.
|
||||
|
||||
Dave has helped us countless times with our DD, sharing his unique perspective on events as they transpire. Not only is he incredibly intelligent, but he is a realist, who demands proof for every assertion, every theory, before jumping to conclusions. In this way Dave is an Ape that we should all aspire to be more like. Critically thinking about everything we read is imperitive to the success of the research thats done here.
|
||||
|
||||
Further to that point, Dave is also not afraid to put himself out there to poke holes in people's theories. This is another invaluable asset to our community. It is crucial that this community does not slip into echo-chamber territory, and so far we have done a great job of that! Apes like [u/Dlauer](https://www.reddit.com/u/Dlauer/) are part of that--
|
||||
|
||||
So to him, and all the other apes who are out there, helping to refine theories and fact check DD...
|
||||
|
||||
Thank you, and please keep it up. Your role here should not be overlooked!
|
||||
|
||||
Some Notable posts from Dave:
|
||||
|
||||
[GME Depth of Book](https://www.reddit.com/r/Superstonk/comments/nbpvmh/gme_depth_of_book/)
|
||||
|
||||
[Negative Volume Prints](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/)
|
||||
|
||||
[Thoughts on price](https://www.reddit.com/r/Superstonk/comments/nky8jv/thoughts_on_price/)
|
||||
|
||||
********************
|
||||
|
||||
[u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/)
|
||||
|
||||
Now for something a little more lighthearted, more of an arts and culture spotlight. There have been tons of amazing musical apes coming out of the woodwork for months, feel free to share your favourites in the comments.
|
||||
|
||||
For today though, there is one Ape that I would like to give a shout-out to and that is [u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/). I would be absolutely crushed if this didn't get the attention it deserves.
|
||||
|
||||
[Please check this out, and bask in the awesome vibes.](https://www.reddit.com/r/Superstonk/comments/nmxx7s/reposting_because_a_lot_of_work_went_into_this/)
|
||||
|
||||
Superbly well-written, truly a master wordsmith. I hope that you grace us with more of your art sir!💖💖
|
||||
|
||||
_____________________________________________________________________________________
|
||||
|
||||
Online members today- 185,000 at the time of posting
|
||||
|
||||
[](https://preview.redd.it/lpp0a78l5x171.png?width=1024&format=png&auto=webp&s=360c1d00fbd938dd91921ef7adccbee4210d6a71)
|
||||
|
||||
This is the Indianapolis Motor Speedway. Its capacity is approximately 250,000 fans. And we are near that many active members online at this very moment. Can you believe that?? There are roughly as many apes online rn discussing stonks as there are people in that picture.
|
||||
|
||||
The word is spreading 💪
|
||||
|
||||
_____________________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Mon - [Lucy Komisar AMA](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=7s) | T+35
|
||||
|
||||
Tues - T +21
|
||||
|
||||
Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)
|
||||
|
||||
[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635)
|
||||
|
||||
|Harambe's Birthday
|
||||
|
||||
Friday - Harambe Memorial Day (R.I.P.)
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK* Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
[](https://preview.redd.it/26dud5qzsw171.png?width=1600&format=png&auto=webp&s=9eb7d1fae08dc74d5cc2e55e9f1d674e9598b416)
|
@ -0,0 +1,10 @@
|
||||
Did Vlad do a perjury?
|
||||
======================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/wokeupsnorlax](https://www.reddit.com/user/wokeupsnorlax/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/n6i28o/did_vlad_do_a_perjury/?utm_medium=android_app&utm_source=share) |
|
||||
|
||||
---
|
||||
|
||||
[News](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22News%22&restrict_sr=1)
|
@ -1,7 +1,11 @@
|
||||
Dennis Kelleher's testimony is an eye-opening journey on how Robinhood and Citadel exist to fuck you
|
||||
====================================================================================================
|
||||
|
||||
**Author: [u/glide_si](https://www.reddit.com/user/glide_si/)**
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/glide_si](https://www.reddit.com/user/glide_si/) | [Reddit](https://www.reddit.com/r/GME/comments/m7e8xk/dennis_kellehers_testimony_is_an_eyeopening/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion](https://www.reddit.com/r/GME/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
294
Managing-Wealth/2021-05-19-MOASS-Checklist-R2.md
Normal file
294
Managing-Wealth/2021-05-19-MOASS-Checklist-R2.md
Normal file
@ -0,0 +1,294 @@
|
||||
MOASS Checklist for Apes - Things To Think About Before, During and Afterwards - R2
|
||||
===================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/2008UniGrad](https://www.reddit.com/user/2008UniGrad/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
Hello and good morning to all you wonderful Apes and Apettes!
|
||||
|
||||
With rumours of Marge a calling in the air, something just feels different this morning; so I'm taking the plunge to post this checklist on a weekday instead of this weekend. Be aware that this is non-technical in nature and a very long post, so you might want to open in a new tab if you're better off getting ready for work. TL;DR in meme form at the end!
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) (<- is OG source; reposted on [Reddit](https://www.reddit.com/r/AskReddit/comments/24vzgl/comment/chba4bf)) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! Sorry, not sorry! This is IMPORTANT.
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
Before Rocket Launches
|
||||
|
||||
ONE. ⚠ Don't tell anyone you haven't already ⚠. Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here.
|
||||
|
||||
Have a look at this 20s video: <https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/>
|
||||
|
||||
This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for known ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours).
|
||||
|
||||
Starting to get uncomfortable? Good. Now go read that first link in the post you skipped.
|
||||
|
||||
Apes have reported getting 'offers' like: "I am sending out free headbands - just fill out the form with your info and I will mail it out!" - This is a scam. Giving them your info tells them a) You fall for this shit b) Your name & address and c) That you likely own shares. None of this is consistent with rule #1.
|
||||
|
||||
Free Superstonk stickers or purchasing MOASS items from anywhere online other than GameStop also falls under this 'offer'. Even if the vendors are legit, the info can be sold to a 'marketer' or hacked.
|
||||
|
||||
Have you been threatened? Report it! But Apes also have your back: <https://www.reddit.com/r/GME/comments/mcwdi1/fear_for_safetydeath_threats/>
|
||||
|
||||
TWO. Did you break Rule #1 before you knew it?
|
||||
|
||||
Figure out a good line ~> "I sold too [soon/late] and missed the peak, but I made enough to pay off my car and mortgage" This is good because it is understandable and likely to be true - the "*and never work again*" is silent. Practice telling it to the mirror because you want it believable.
|
||||
|
||||
Does your Reddit Avatar look like you? This is an easy fix.
|
||||
|
||||
THREE. BROKERS: Add your kid(s) or parents to your brokers' " account beneficiary" list. Check out your broker's sell limitations (<https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/>).
|
||||
|
||||
Make sure you're not using a broker that had issues in January. Yes, the day after in Jan was the best time to transfer, but I personally wouldn't trust RH not to choose a nice sub-1k price to sell my shares at. Check the agreement - I've heard that they have a clause that lets them sell without your permission 'To protect' clients... Here's the reference you need: <https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/>
|
||||
|
||||
Consider printing out records and receipts. PDFs are good, but paper may be better. This is your proof you own shares on a given date in case of ultimate fuckery (not an excuse to stay with RH!).
|
||||
|
||||
FOUR. Time to level up your IT security game.
|
||||
|
||||
[](https://preview.redd.it/iawt09gp7vy61.png?width=416&format=png&auto=webp&s=1bfb168406f79d4ec2a8933e76572e2281a7e136)
|
||||
|
||||
We follow the Red Queen!
|
||||
|
||||
Make sure you have 2FA or MFA enabled for your important accounts.
|
||||
|
||||
What's a VPN? It protects your IP (which tells people your general location) and encrypts your data so 'people' who may be trying to listen in can't see your info.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk_what_a_vpn_is_and_isnt/>
|
||||
|
||||
<https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/>
|
||||
|
||||
<https://www.pcmag.com/picks/the-best-vpn-services>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ndv72x/guard_your_identity_you_fools_how_to_prevent/>
|
||||
|
||||
Don't re-use Passwords. See this comic for good ideas: <https://xkcd.com/936/>
|
||||
|
||||
Make sure your browser (Chrome, Firefox etc.) is up to date. Chrome has had a number of 0d attacks in the past couple of months. Make sure your OS (e.g. Windows) is fully patched too.
|
||||
|
||||
FIVE. Power to the Players! Voting & Reporting is the filter for the HiveMind - whenever you upvote good content and downvote or report inappropriate material, you are making a difference and making this sub a better place!
|
||||
|
||||
SIX. Start researching likely Lawyers and Accountants you will use post squeeze. You want BIG firms who will have no idea who you are, other than their paycheck. Fee-based, not commission based.
|
||||
|
||||
Lawyers (Trusts and estates, wealth management, and tax law) and Accountants (of the tax or personal type) should not be local (unless you live in a capital city) - they should be used to dealing with the figures you will have.
|
||||
|
||||
This is a useful post with more info - US based, but a lot can be translated to other countries: <https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/>
|
||||
|
||||
SEVEN. Write a will, or at least start thinking about it. Also look into revocable living trust and charitable remainder trust. A will is cheap to create, but you get what you pay for. Make sure your documents follow your local rules about how they need to be prepared. You want to get it right the first time.
|
||||
|
||||
EIGHT. Figure out your likely tax rate and write it down.
|
||||
|
||||
NINE. Write down your exit strategy. Yes, I mean on paper. Psychology says writing things down helps you remember things. Maybe even make it like a contract with yourself to prevent paper handing. Consider selling SLOWLY, and I mean FUCKING SLOW. Don't Leroy this on us.
|
||||
|
||||
Here's two important DDs on a non-Reddit site that you could leave open in new tabs: <https://web.archive.org/web/20210309074023if_/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/> , <https://web.archive.org/web/20210319103103if_/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/>
|
||||
|
||||
Other references from Rensole's 4/20 daily post:
|
||||
|
||||
<https://www.netpicks.com/trading-exits-vital/>
|
||||
|
||||
<https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp>
|
||||
|
||||
<https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208>
|
||||
|
||||
<https://www.jumpstarttrading.com/trading-exit-strategies/>
|
||||
|
||||
TEN. Figure out which stocks you like less than GME, but would want to buy if the stock market happens to go onna fire sale when GME makes moon trip. Boring Boomer things good here. e.g. Vanguard Index Funds. Best bet is things that go down lots but still decent companies. Don't buy Apple if market is down 30% and Apple is down 1.3%. The FIRE guys at [r/financialindependence](https://www.reddit.com/r/financialindependence/) are boring but have good advice. Other 'interesting' subs include [r/dividends](https://www.reddit.com/r/dividends/), [r/fatfire](https://www.reddit.com/r/fatfire/) and [r/bogleheads](https://www.reddit.com/r/bogleheads/).
|
||||
|
||||
ELEVEN. Figure out how much you need to put aside to live on its interest. Here are some good resources:
|
||||
|
||||
<https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/>,
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/mhetrj/exit_strategy_planning_for_getting_passive_income/>,
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/mefwc7/what_to_do_with_your_tendies_from_a_financial/>
|
||||
|
||||
TWELVE. Start writing down what you want to do after. e.g. Big # minus taxes, minus your new retirement fund, then figure out percentages for the remaining. How much to family? How much to charity? How much to cool stuff? How much to reinvest in GME?
|
||||
|
||||
THIRTEEN. Start thinking about what you want to do in the future. Like, 2 years in the future after you've finished partying. Typically, humans like to have a purpose. Do you want to start a biz? (Warning! Lotsa work! Recommend this book: <https://fixthisnext.com/>) Work for a Charity? Change politics?
|
||||
|
||||
FOURTEEN. Look into identity theft protection measures. Check out the content from Michael Bazzell - How To Dissapear Online and elsewhere. Do IRL peoples know your Reddit handle? Do you use your Reddit name elsewhere? Maybe it's time for a change. There's a reason this account was created in the end of Jan...
|
||||
|
||||
FIFTEEN. Clicking the 'Save' button right below will make this easier to find for future reference.
|
||||
|
||||
SIXTEEN. Figure out what self-care and mental prep works best for you (PMR works great! Used it before I knew what it was...) : <https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/>,
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/>,
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/mnfmrh/it_is_time_we_must_fully_prepare_ourselves_for/>,
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/> and the sequel: <https://www.reddit.com/r/Superstonk/comments/ndrukr/update_be_adamant_may_edition/>
|
||||
|
||||
Amazingly positive guru (exercises for any level of fitness): <https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this_guy_talking_about_pushups_fitness_is_a/>
|
||||
|
||||
SEVENTEEN. Have a plan for reasonably forseeable events. What if a cell tower goes out? What if you lose power? Do you own a powerbank? Is it charged? Does your car have gas in case power in your city goes out and you need to travel to get internet? What if you need to reset your OS and lose a password manager? Do you remember your account logins?
|
||||
|
||||
EIGHTEEN. Read up on Shill tactics - this is serious money so of course they're spending to fight the squeeze:
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/>,
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/m1oc5u/shill_tactics_a_classification_based_on_infection/>
|
||||
|
||||
If shills are saying "You can't beat WallStreet at their own game - you're not smart enough", remember the long institutional holdings that are on the same side. People at BlackRock, Fidelity and Vanguard are also pretty smart and appear to hold around 23M shares.
|
||||
|
||||
Here is useful information about negotiation tactics to also keep in mind:
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/n12o03/are_you_prepared_for_the_biggest_negotiation_of/>
|
||||
|
||||
NINETEEN. Learn to Read (the Bloomberg Terminal)
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/>,
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial_statistics_101_how_to_interpret_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||
|
||||
TWENTY. Pick out the colour of your new car (or bike for those in the Netherlands - ❤ from 🍁)
|
||||
|
||||
TWENTY-ONE. Eat properly (credit to [u/deleted](https://www.reddit.com/u/deleted/)...):
|
||||
|
||||
[](https://preview.redd.it/y6mmqe0t7vy61.jpg?width=500&format=pjpg&auto=webp&s=76dae8b4dc6b45287a74d05766843bfcb9073dcb)
|
||||
|
||||
Exceptions for Ramadan foods granted.
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
During MOASS Launch
|
||||
|
||||
ONE. Remember Rule #1? Don't tell anyone you haven't already. Anoymity is your first and best defence. Consider the risk of quitting your job and buying shiny things. Abruptly quitting will cause people to ask questions. Best to ease into it (GME Mooning + "I'm outta here" = cover blown) or have a reasonable answer before you pull the trigger.
|
||||
|
||||
TWO. Monitor yourself for symptoms of medical shock. I'm not talking about vibrating from excitement here. These [include](https://www.betterhealth.vic.gov.au/health/ConditionsAndTreatments/shock):
|
||||
|
||||
- Pale, cold, clammy skin
|
||||
|
||||
- Shallow, rapid breathing
|
||||
|
||||
- Difficulty breathing
|
||||
|
||||
- Anxiety
|
||||
|
||||
- Rapid heartbeat
|
||||
|
||||
- Heartbeat irregularities or palpitations
|
||||
|
||||
- Thirst or a dry mouth
|
||||
|
||||
- Low urine output or dark urine
|
||||
|
||||
- Nausea
|
||||
|
||||
- Vomiting
|
||||
|
||||
- Dizziness
|
||||
|
||||
- Light-headedness
|
||||
|
||||
- Confusion and disorientation
|
||||
|
||||
- Unconsciousness.
|
||||
|
||||
This can be fatal if it turns into a heart problem. Take it seriously. Be pro-active and call for help before it reaches unconsciousness.
|
||||
|
||||
THREE. Locate your exit strategy. Follow it.
|
||||
|
||||
FOUR. Practice the Self-Care that works for you.
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
After Moon Landing
|
||||
|
||||
ONE. First rule also applies here. Keep a low profile. Remove social media posts that have your face in connection with owning GME. I will be removing the 'X' badge from my Tesla Model X for instance - this disguises it as a Model Y, which is around half the price.
|
||||
|
||||
Be on the lookout for extortion attempts, dating, desperate pleas for help, kidnapping, identity theft, friends with ulterior motives, invasion of privacy, etc. (People buy flight manifests to learn of high value targets <https://tim.blog/2020/02/02/reasons-to-not-become-famous/>)
|
||||
|
||||
Be careful of your postings of you are doing good deeds in your real name. You could get tracked if there is a report in a newspaper or something alike.
|
||||
|
||||
TWO. Celebrate, but in a restrained way. Fancy Dinner? Maybe you want to eat some 🎶[Kraft Dinner with that Fancy Dijon Ketchup](https://www.youtube.com/watch?v=aynCgnbbgbM)🎶? (sorry I know you like Ramen better, couldn't resist)
|
||||
|
||||
THREE. Start contacting lawyers (boutique or firm with lawyers covering different areas), accountants, 'umbrella' insurance (particularly for you American Apes out there - don't lose your tendies because of a staged accident!)
|
||||
|
||||
FOUR. Is stock market onna fire sale? Maybe reinvest tendies on sale stocks! If you're moving tendies into your bank, be sure to call them first to advise them that the MOAD (Mother Of All Deposits) will be arriving in the next few days. The last thing you want is your assets frozen because the bank thinks something is suspect.
|
||||
|
||||
FIVE. Don't tell people until lawyer is onboarded and advising you for your unique situation. Also, always get second opinion when talking to lawyers, financial advisors, etc. These guys can smell new money from a mile away and will try to take advantage of you. If you are not married and headed towards a long-term relationship, ask your lawyer about a pre-nup.
|
||||
|
||||
SIX. Have accountant give you value after taxes and retirement fund. Start to work your plan.
|
||||
|
||||
SEVEN. Is medicaid a factor for you or a loved one? Look into Special Needs Trust. <https://www.investopedia.com/terms/s/special-needs-trust.asp>
|
||||
|
||||
EIGHT. Attend 1 year anniversary of the MOASS / bankruptcy filing of Shitadel. Wall Street likely too obvious and potentially a target. I am thinking Disney's Animal Kingdom best. Pretty sure they sell chicken tendies there. Wear a cryptic T-Shirt so we can do selfies together.
|
||||
|
||||
NINE. Be careful of drugs! Cocaine is glamorized in a ton of finance movies and is fun, but also harms your impulse control, is insanely addictive, and is expensive. Picking up a drug habit because you can afford one suddenly is a great way to lose your tendies.
|
||||
|
||||
TEN. Take care of yourself, your loved ones and go forth and make this world a better place! Don't forget to post about your good deeds here!
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
[u/Jamie-Vu](https://www.reddit.com/u/Jamie-Vu/) had a great point that I'm going to quote:
|
||||
|
||||
> But for those of us who want to use this money to change the world for the better, I think we need a big push to get organized in the aftermath, like a grand council of apes. Maybe combine it with the inevitable collosal meetup party we all talk about.We need to put together a think tank/foundation/lobbying group. A combined force that can hire scientists, researchers, experts in every field to help guide us through the process of fixing our world without fucking anything up despite our best intentions. It's a big ecosystem but our strength together is unquestionable when we focus all this energy in the same direction.
|
||||
|
||||
I completely agree. Apes together are going to make this world better!
|
||||
|
||||
I've had a brief discussion with someone who has Disney contacts, and they think Disney would be happy to be paid to host an annual MOASS event (in the evening; may not be feasible for the entire day - but you can pay $$$ to have an exclusive tour where they take you to the front of the lines...). I'm imagining that we could set up stalls with all the different charity ideas and have people from those charities that we could directly talk with and ask questions of. Apes could pitch their ideas for changes or new charaties to fellow Apes... I want to start planning this NOW, but I still have to get my day job done...
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
A Shameless Plug for Canada🍁
|
||||
|
||||
Canada has an investor class option for immigration! See [here](https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html) for the "Start-up Visa Program".
|
||||
|
||||
Canada has generous supports for people who were/are unemployed due to COVID - we may argue, but in the end we want to take care of eachother and do the right thing.
|
||||
|
||||
Ottawa, Ontario is Canada's capital. It's a beautiful, safe and diverse city of 1M with a lot of cultural things to do with the museums and stuff. Solid education with a few universities/college in town on the rapid transit line. People here are also generally nice to eachother - almost like the fellow Apes in this sub. Having money also won't make you stick out. 😘
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
Please point out what I am missing. I promise to read every main comment reply (e.g. the ones I get the notifications for) and edit the post to add the things I'm missing or refine what's above.
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
||||
|
||||
The diversity of backgrounds, here in our self-correcting hivemind superstonk sub, is our strength.
|
||||
|
||||
Geologists and Engineers.
|
||||
|
||||
Lawyers and Judges and Accountants.
|
||||
|
||||
Flooring Installers, Retail and Small Business Owners.
|
||||
|
||||
💖 Doctors and Nurses 💖.
|
||||
|
||||
Farmers, Movers of Forklifts and Manufacturing.
|
||||
|
||||
Bankers and Financers and Personal Finance Apes.
|
||||
|
||||
Fire Fighters, Coast Guard, Law Enforcement, Military, and Drug Enthusiasts.
|
||||
|
||||
Reposession Agents, Call Centre Workers and Sanitation Workers.
|
||||
|
||||
Painters, Interior Designers, Artists and Clowns.
|
||||
|
||||
Parents, Grandparents and Kids looking out for their Parents.
|
||||
|
||||
The Movie Industry, Journalists, Rocket Scientists, Data Scientists, Data Architects and Computer Wizards.
|
||||
|
||||
Students, Entrepreneurs, Photographers, Contractors, Architects, Electricians and Religious Peoples.
|
||||
|
||||
Mental Health Experts and Game Theorists.
|
||||
|
||||
GAMERS 👊 and Reddit and [4Chan](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). Together. Y'all really have no clue what you've done, eh?
|
||||
|
||||
[I'm Very Pleased With My Investment!](https://www.reddit.com/r/Superstonk/comments/mpf9bp/market_psychology_of_apes/)
|
||||
|
||||
Apes Together Strong!
|
||||
|
||||
🦍🦍🦍🦍💪💪💪
|
||||
|
||||
TL;DR (credit to [u/I_RAPE_GLITTER](https://www.reddit.com/user/I_RAPE_GLITTER/)) :
|
||||
|
||||
[](https://preview.redd.it/uhcedma08vy61.jpg?width=700&format=pjpg&auto=webp&s=e6f98bcdccf8e3e5db2891b07cb6a072d774b7d0)
|
||||
|
||||
Welcome to Rich People Problems...
|
||||
|
||||
💎🙌🚀🌝🐒👩🚀
|
||||
|
||||
Final Note: This is mostly a repost, so save your $$$ for this tasty GME Dip and feed me a 🖍 in the comments if you like what you see.
|
@ -0,0 +1,98 @@
|
||||
FDIC insurance and how to keep your tendies after your broker is rich
|
||||
=====================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/weeknddev](https://www.reddit.com/user/weeknddev/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nklnzm/fdic_insurance_and_how_to_keep_your_tendies_after/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
I wasn't always a paranoid ape.
|
||||
|
||||
I watched Lucy.
|
||||
|
||||
I watched Wes.
|
||||
|
||||
I read atobitt.
|
||||
|
||||
I've read on my own how ON RRPs work and why. (We are seeing flight to quality right now!)
|
||||
|
||||
I told my therapist I'd die before I give up my shares.
|
||||
|
||||
But I have a nagging suspicion that there's another level of greed that outpaces the hedgefunds. Yes they're bad guys and yes they should be in jail. I have another post about this coming. But the more sinister people are the banks, the people that told Kenny he couldn't be one of them. However John Mack, Linda Thompson, Chris Cox, however they're all connected.
|
||||
|
||||
So what happens if they've lost it all but they're still out for blood?
|
||||
|
||||
Well the I suspect the same thing that they're going to take down as many counterparties as possible. Knowingly or out of self-preservation.
|
||||
|
||||
Who? The brokerages. The banks. Lehman failed. Bear sterns failed. It CAN happen and you can lose your money. Let's avoid that.
|
||||
|
||||
Let's talk about FDIC <https://www.fdic.gov/resources/deposit-insurance/faq/>
|
||||
|
||||
And a little about SIPC <https://www.sipc.org/for-investors/what-sipc-protects>
|
||||
|
||||
Some facts:
|
||||
|
||||
- a bank account is insured under FDIC for $250,000
|
||||
|
||||
- for the most part you get $250,000 per person and per beneficiary on the account
|
||||
|
||||
- the types of accounts this works for is mostly 3 types for apes: individual, joint, retirement.
|
||||
|
||||
- SIPC covers you for 250,000 cash and $500,000 equity per brokerage, same style as FDIC
|
||||
|
||||
Examples:
|
||||
|
||||
Alice has 1 brokerage account. Her broker does funky shit and goes under. She is insured for $250,000 cash and $500,000 equity.
|
||||
|
||||
Bob has 1 individual bank account at JP Morgan Chase and 1 joint account at JP. He is covered for $250,000 + $250,000 * (number of people in joint account).
|
||||
|
||||
Charles has 1 bank account with Schwab with 4 beneficiaries and another individual account at Wells Fargo. He is insured for $250,000 + $250,000 per beneficiary + $250,000.
|
||||
|
||||
See the pattern?
|
||||
|
||||
All the apes who have been trading for a while probably already know this but you should never ever consolidate your money on one bank or brokerage.
|
||||
|
||||
Bank runs happen. A bank run gets it's name from the early 1900s when people would rush to the bank to withdraw their funds before the bank is insolvent. Today they happen electronically through FDIC and you are fucked until they release your funds.
|
||||
|
||||
To prevent this the answer is simple, put your money in as many FDIC and SIPC insured accounts as you can.
|
||||
|
||||
Now the problem probably lies wherein most of us have never had the kind of money that this matters. However with the evolution of the ape, we will be causing a huge problem for money markets and it's best to insure it. So like all financial advise the best time to divest your holdings is before you invest.
|
||||
|
||||
But the MOASS may come soon so this is a bit of a pickle. It's your money you do what you want with it. I endorse the following:
|
||||
|
||||
- make sure your accounts are FDIC or SIPC insured!
|
||||
|
||||
- get off robinhood, they are SIPC insured however they already have had numerous issues with falsifying records. Buyer beware.
|
||||
|
||||
- open new brokerage accounts with other reputable broker dealers: Fidelity, Vanguard. I use Scwhab but Lucy mentioned that they were responsible for options exchange tomfoolery with false covers. I want out!
|
||||
|
||||
- ACAT (transfer) shares that you are OKAY WITH BEING UN LIMBO FOR UP TO A WEEK - I will be doing a small percent at a time to limit loss exposure
|
||||
|
||||
- DTC transfer between brokers for 2-3 day limbo, I may do this if I feel something is wrong
|
||||
|
||||
- wire money same day cash transfer for a fee, do this if your bank is having issues.
|
||||
|
||||
- open new bank accounts that you can wire money to
|
||||
|
||||
- be familiar with how bank wires happen and get your bank account wire information ready to go
|
||||
|
||||
- Look into CDARS and ICS accounts if they are right for you. More below.
|
||||
|
||||
- When you sell for $10,000,000 or more contact a tax professional
|
||||
|
||||
- When you sell for $10,000,000 or more contact a reputable fiduciary at a reputable bank and ask how you can protect as much cash as possible without investing it in treasury bonds and without putting it into blue chips. These will be a while before you can know when they've bottomed.
|
||||
|
||||
What is CDARS and ICS?
|
||||
|
||||
They are sweep accounts that banks will offer to be the custodian of. They will take a large sum and be the controller for the account. The idea is it will feel like an ordinary account (but slower to use) and they will split the sum into $250,000 chunks that will be put into FDIC backed banks. They use the FDIC insurance to protect your accounts through the sweep account.
|
||||
|
||||
The sweep account style is often encouraged by the government as a way to limit exposure to individual bank failures.
|
||||
|
||||
If you use the services you can choose a reputable bank that offers it and you will be charged a fee. Alternatively you can try to do it on your own but if you want to insure $25,000,000 it will require you to open 100 new bank accounts. Which will take like 4 weeks most likely. Let the bank be the custodian and limit your exposure. Even if that bank fails they just have the records, your money is held in other banks. Your records will be sent to the entity that acquires your failed bank.
|
||||
|
||||
I'm writing this post to show options for trying to protect cash and securities. As always talk to a professional but be informed of the options. Hopefully this gives you an idea of how to take your cash out when your broker is rich from your diamond hands.
|
||||
|
||||
If any ape has corrections please send them my way. I just learned about this recently.
|
@ -0,0 +1,52 @@
|
||||
I suspect the hedgies are illegally covering their short positions
|
||||
==================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/DeeJay_Roomba](https://www.reddit.com/user/DeeJay_Roomba/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/) |
|
||||
|
||||
---
|
||||
|
||||
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
TLDR; Melvin and gang hasn't covered shit. They've been illegally "closing out" their short positions and if we hold they will 100% get fucked. There is far more nefarious shit at play.
|
||||
|
||||
So this morning I saw the S3 and Ortex data both report significant covering of short positions for GME. This absolutely threw me for a loop because Friday morning they reported above ~120% short interest still. I could not for the life of me figure out how someone could close >50% of short positions on such a tightly held stock in ONE day with very little trading volume in the week. This got me digging around to figure out what's up.
|
||||
|
||||
I started by looking into GME failed to delivers (i.e. short sellers not able to cover their position on a stock) for the first half of January and I was shocked to find that just in the first 15 days of Jan, GME had ~1.2 MILLION failed to delivers. This is before most of wsb or mainstream began buying.
|
||||
|
||||
What was interesting though, is that of that ~1.2million, ~700K shares were covered in chunks throughout the two week period. I dug further back into the SEC failed to deliver reports for GME and saw that pattern extending back months. It seemed almost as if the short positions were just being kicked down the road.
|
||||
|
||||
Having spent some time looking at the pattern, it's clear a large amount of failed to delivers come in, then a small chunk of coverage, then another large amount, and so on. To me this looked shady af so I looking into reasons that could cause that and discovered this article: <https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf>
|
||||
|
||||
In it, a specific section is eerily similar to what we've experienced with GME:
|
||||
|
||||
"Assuming that XYZ (e.g. GME) is a hard to borrow security (e.g. apes holding strong), and that Trader A (Melvin), or its broker-dealer, is unable (apes again) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A's clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer's close-out requirement, but in reality allows Trader A to maintain its short position without ever delivering on the short sale. Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of short term FLEX options. These trades are commonly referred to as "reset transactions," in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations. Such transactions were alleged by the Commission to be sham transactions in recent enforcement cases. Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm's responsibility to close out a failure to deliver."
|
||||
|
||||
It's almost like a play by play of what we've seen (in combination with the ladder attacks). My guess is we'll find out more when the failed to deliver report for the second half of Jan comes out on the 17th.
|
||||
|
||||
I 100% think that Melvin is committing massive securities fraud. In fact, I would bet all my money on it - oh wait, I did 96 GME @ 290.
|
||||
|
||||
I am now holding on principle to see these fucks fail.
|
||||
|
||||
More DD: <https://www.reddit.com/user/bcRIPster/comments/labq6u/follow_the_crumbs_gme_exposed_the_meta> <https://www.sec.gov/data/foiadocsfailsdatahtm>
|
||||
|
||||
Not a financial adviser, I eat paint chips for dinner
|
||||
|
||||
EDIT: Ok, so I've been reading some comments and I wanted to clear a couple things up:
|
||||
|
||||
- The failed to deliver number is reported cumulatively. So if you sum everything for the Jan time period it'd come out incorrectly as 5 million. What I'm doing is summing all the *debits* to get an aggregate view of all the failed to delivers in the time range. This process is validated and discussed in other [r/wsb](https://www.reddit.com/r/wsb/) posts
|
||||
|
||||
- I know ETF's could have been redeemed by some MM's to gather up GME stock. However I'm not convinced there is enough GME held in ETF's to be a significant factor. Someone in the comments reported this amount to be about ~10M. We would know if a bunch of ETF's rebalanced and dumped GME.
|
||||
|
||||
- My number for the Ortex short interest was incorrect, I got mixed around when I wrote this initially. The short interest reported by Ortex on Friday morning was ~80%. The 120 figure for S3 was correct.
|
||||
|
||||
- Please checkout the linked DD - it goes into much more detail and covers things far better than I can.
|
||||
|
||||
- Share this post and the related DD. We need to hold wall street accountable if this is true and I think that starts by spreading the word.
|
||||
|
||||
- I'm going to continue to dig into this tonight / tomorrow. Look forward to a new post tomorrow evening.
|
||||
|
||||
If I take an L to 0, I take an L to 0. I don't invest what I can't lose. But you can bet your ass I'll be holding till this blows open.
|
||||
|
||||
WE LIKE THE STOCK 💎🖐️
|
66
Market-Manipulation/2021-02-08-Laddering-is-Real.md
Normal file
66
Market-Manipulation/2021-02-08-Laddering-is-Real.md
Normal file
@ -0,0 +1,66 @@
|
||||
Yes Laddering is real, "Short Ladder Attack" is just editorializing the Laddering of Naked Shorts
|
||||
=================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| [u/SpeedoCheeto](https://www.reddit.com/user/SpeedoCheeto/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
|
||||
|
||||
I've seen a lot of back and forth among those who want to hand-wave away price manipulation because the term "Short Ladder Attack" is something Google doesn't return much about.
|
||||
|
||||
"Ladder" is a term for an investment technique that requires investors to purchase multiple financial products with different maturity dates.
|
||||
|
||||
*Legal Laddering ex:*
|
||||
|
||||
> *Bond Laddering* can also be used as an overall retirement planning approach for all retirement investments. The idea is to separate CDs, cash, bonds, annuities, and others into different "ladders" (or "buckets" or "baskets") depending on when the asset is expected to be liquidated to fund the retirement revenue stream. Low-risk assets are used at the start of retirement (and usually have an expected lower rate of return, due to lacking a risk premium). Higher-risk assets would be placed in a basket used at the end of retirement.
|
||||
>
|
||||
> This strategy is useful for a diversified portfolio, with other assets in the stock market etc. Generally an initial investment of $10,000-$20,000 is required in order to purchase 5-10 bonds with different maturities for a specific timeline.
|
||||
|
||||
<https://www.investingdaily.com/11015/a-fixed-income-stairway-to-heaven-bond-ladders/>
|
||||
|
||||
<https://www.investopedia.com/investing/build-bond-ladder-boost-returns/#axzz1pbC2xhqE>
|
||||
|
||||
> *Short Put Laddering or Bull Put Laddering* is a unlimited profit, limited risk strategy in options trading that is employed when the options trader thinks that the underlying security will experience significant volatility in the near term. To setup the short put ladder, the options trader sells an in-the-money put, buys an at-the-money put and buys another lower strike out-of-the-money put of the same underlying security and expiration date.
|
||||
|
||||
<https://www.theoptionsguide.com/short-put-ladder.aspx>
|
||||
|
||||
<http://www.avasaram.com/tutorials/options/tutorialLauncherOptions.jsp;jsessionid=26FAFB61A8A36CEA9E59009630263FCE.server1?tutorial=Bull%20Put%20Ladder>
|
||||
|
||||
*Illegal Laddering ex:*
|
||||
|
||||
> *IPO Laddering* also describes a process where, in order to purchase shares at a given price, investors must also agree to purchase additional shares at a higher price. This artificially inflates the price of the stock and allows insiders to buy at the lower price, with a guarantee that they will be able to sell at a higher price. This practice has resulted in investigations of national and global banks by the SEC after the stock market collapse.
|
||||
|
||||
<https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1785342>
|
||||
|
||||
--------------------------------------
|
||||
|
||||
OK that was fun. We know a little more about a common term in investment strategy in "Laddering". We know that IPO Laddering was deemed illegal and reported on at length; where a party is able to artificially set the price of a stock by forming an agreement with another party that underwrites the retail price.
|
||||
|
||||
Now in the more in-depth version of the "Short Ladder Attack" article written ~6 years ago that's lately been passed around, the author describes at length how "Naked Shorts" can be combined with "Laddering" strategy to artificially set the price of a stock via shares not actually owned by either party. This is effectively what the blogger coined as the "Short Ladder Attack" strategy.
|
||||
|
||||
------------------------------------
|
||||
|
||||
> *Naked Short* --- This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit. This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules. The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation---the lynchpin of this massive fraud.
|
||||
>
|
||||
> *The Anatomy of a Short Attack* --- Abusive shorting are not random acts of a renegade hedge funds, but rather a coordinated business plan that is carried out by a collusive consortium of hedge funds and prime brokers, with help from their friends at the DTC and major clearinghouses. Potential target companies are identified, analyzed and prioritized. The attack is planned to its most minute detail.
|
||||
>
|
||||
> The plan consists of taking a large short position, then crushing the stock price, and, if possible, putting the company into bankruptcy. Bankrupting the company is a short homerun because they never have to buy real shares to cover and they don't pay taxes on the ill--gotten gain. (Click here for more on [Bankrupting The Victim Company](http://counterfeitingstock.com/CS2.0/CS4BankruptingTheVictimCompany.html)).
|
||||
>
|
||||
> When it is time to drive the stock price down, a blitzkrieg is unleashed against the company by a cabal of short hedge funds and prime brokers. The playbook is very similar from attack to attack, and the participating prime brokers and lead shorts are fairly consistent as well.
|
||||
|
||||
<http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html>
|
||||
|
||||
------------------------------------
|
||||
|
||||
tl;dr - focusing on the terminology for "short ladder attack" is pedantic; what's being described is the combination of a Laddering price manipulation tactic combined with Naked Shorts. Both of those things are things.
|
||||
|
||||
I'm pretty retarded so I can't personally really imagine one being able to actually form a real case given data available to the public, or even those with terminal access. You'd need a real investigation with the power to subpoena data from the source.
|
||||
|
||||
Yes, the concepts described in the "Short Ladder Attack" article are real things. You can call it a number of things, but it's effectively a similar tactic to all "laddering" via shares neither party actually owns.
|
||||
|
||||
No, that doesn't mean that's definitely what happened w/ GME.
|
||||
|
||||
And No, you don't need a smoking gun to ask the SEC to investigate it.
|
@ -0,0 +1,52 @@
|
||||
Here's what will happen after the Reverse Repo Limit Reaches Its Maximum (Spoilers: Very much NOT good for Citadel and friends)
|
||||
===============================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/AcedVector](https://www.reddit.com/user/AcedVector/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkgqje/heres_what_will_happen_after_the_reverse_repo/) |
|
||||
|
||||
---
|
||||
|
||||
[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)
|
||||
|
||||
I recently saw a post from [r/DDIntoGME](https://www.reddit.com/r/DDIntoGME/) which had said that essentially, if the overnight reverse repo lending that's been going on keeps going in the same pattern it has been, it is going to start reaching its "maximum" amount of lending(500 BIllion) around Friday.
|
||||
|
||||
I wanted to piggyback off of that post because it brought to my mind the question, "What would genuinely happen once it reached its maximum? Would the whole system go kaboom?" Well, to answer that question, let's try to understand the context here a bit first.
|
||||
|
||||
In these reverse repo agreements, the FED is selling bonds to banks (which are presumably lent to HFs) which takes AWAY liquidity(cash money) from the market as the banks are paying cash for the bonds. This isn't necessarily a bad thing given the amount of liquidity that was added TO the market from stimulus checks and overall money supply being at all time highs.
|
||||
|
||||
EDIT: Clarified on the liquidity part as it wasn't as clear
|
||||
|
||||
What's causing the proverbial wrench in the gears here are that these hedgies are overleverged to the tits from not only shorting the treasuries bond market, but also having shit for mortgage backed securities in the housing market, and naked shorting a whole bunch of other stocks with unlimited leverage, with the pure intention of driving multiple companies to bankruptcy.
|
||||
|
||||
Here's where it gets really bad: these banks and hedgefunds absolutely NEED these bonds as collateral because they have overleveraged so hard there aren't enough bonds to go around, most likely multiple times over; the FED is in possession of a lot of these bonds so by temporarily allowing banks to come into possession of them they can kick the can down the road, but what happens when the maximum amount of lending is reached?
|
||||
|
||||
Let's walk through the process:
|
||||
|
||||
1. As time goes on, theoretically either more counterparties would need bonds as collateral or the existing counterparties would need MORE bonds to post as collateral to keep kicking the can down the road and prevent being margin called.
|
||||
|
||||
2. Someone gets margin called as they can't post enough collateral (theoretically bonds lent by the FED), causing a cascade of margin calls across the bonds market leading to a short squeeze of treasury bonds from liquidation.
|
||||
|
||||
3. The liquidation of various securities (such as stock postions) coupled with the spike in treasuries bond price would lead to a stock market crash, leading to even MORE margin calls from overleveraged short positions(some even within the same firms that got margin called before, this is probably where Citadel would be in this scenario as they shorted both the treasury bonds market and meme stocks)
|
||||
|
||||
4. Short squeeze of all meme stocks from forced liquidation as the tendieman cometh.
|
||||
|
||||
(This part is edited as of edit 3) How soon would this be able to happen? Well, this still remains more of a theoretical unfortunately. Since after some kind redditors corrected me and I found out the 500 billion limit was for repo agreements only and that the reverse repo agreement is limited to 80 billion per counterparty (as of right now there is an estimated 7.2 billion per counterparty, read edit 3 to see why), it would seem there's a while before it gets to that point, IF it gets to that point. I doubt the FED would accept lending 80 billion per counterparty (there's 54 counterparties as of the most current agreement), so in my opinion I feel like the only way we see this happen is if someone gets margin called, or the FED stops accepting to lend as many bonds to counterparties. The more likely option, believe it or not is that someone (maybe a certain hedgie Citadel 😉) gets margin called. The FED doesn't really have enough of a reason to say "hey you look fucked and giving you bonds doesn't look like it'll help", so that would leave the margin call option. Given the other catalysts Citadel and co have to watch out for in the near future (T + 21 today, gamestop earnings, the shareholder meetings, how fucked they are in the housing market, the list goes on), I wouldn't be surprised if we see a margin call happen soon that would trip some wires in the bonds market and cause a short squeeze that leads to the MOASS.
|
||||
|
||||
Hope this jumbled mess made some sense to you all, as I'm writing this now its about midnight so I wouldn't be surprised if I happened to make a couple of mistakes when writing this out. If anything, I'll hang out in the comments and make some edits along the way. :)
|
||||
|
||||
Edit: people were asking about the source post I pulled the limit from so I've linked it below. Give that OP some love!
|
||||
|
||||
Edit 2: I've seen some questions asking if cash can just be used as collateral instead for treasury bonds. Now, this may be wrong so take this answer with a grain of salt, but as far as I understand, you need treasury bonds as collateral to prevent being margin called from shorting treasury bonds. These are government bonds, which people have invested in with the idea that their money is safe and sound. If at any point they need to take money out of, say a 10 year bond, but all of a sudden the bond disappeared, thats ALL of their money gone.. and I doubt the US wants THAT to happen because of what it means for the US economy.
|
||||
|
||||
Edit 3(Edited once again): There's some talk about the 500 billion cap being for repo agreements only and not reverse repo agreements, after researching more and some friendly redditors correcting me in the comments about it I saw that it seems like this is the case as the reverse repo cap had been virtually removed in 2013. The only type of cap I see is that there is a maximum of 80 billion per counterparty when it comes to reverse repo overnight agreements. Given there are currently 54 counterparties as of the latest agreement of 394 billion, there's an average of 7.2 billion per counterparty as of right now. However, I genuinely doubt the FED would accept lending 54 counterparties 80 BILLION each. That would be over 4 trillion used daily in bonds lent out. A margin call by other means would be more likely to happen in my opinion.
|
||||
|
||||
Edit 4: I've seen a lot of questions asking if the FED would just raise the limit to try to kick the can down the road, and I don't think they would do that for a couple of reasons. The first is that I presume they have the foresight (unlike the greedy hedgefunds) to see that many people's finances are being put at risk so they would rather have this end sooner than later. That, and they stand to gain a lot from squeezing hedgefunds and liquidating. The main argument that comes to my mind is that when the MOASS happens and everyone gets their tendies they are going to be able to get some nice tax money off of that (a lot of rich people hide their wealth in offshore accounts so they don't have to pay as many taxes, so its good for some of this money to be in the hands of retail).
|
||||
|
||||
Source post I got the upper limit from:
|
||||
|
||||
<https://www.reddit.com/r/DDintoGME/comments/nk9979/reverse_repo_overnight_lending_will_hit_the_upper/?utm_medium=android_app&utm_source=share>
|
||||
|
||||
FED links about the reverse repo/ repo agreements: <https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details>
|
||||
|
||||
<https://www.newyorkfed.org/markets/rrp_faq>
|
@ -0,0 +1,78 @@
|
||||
Naked shorting in GME and how the pieces suddenly fit together
|
||||
==============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rainforest11](https://www.reddit.com/user/rainforest11/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/lglrg5/naked_shorting_in_gme_and_how_the_pieces_suddenly/) |
|
||||
|
||||
---
|
||||
|
||||
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
TLDR: Naked shorting appears prevalent in GME, and if true was likely aided by DTCC, whom by extension may have shut down the short squeeze on 1/28 because it would've caused a massive scandal had the squeeze happened. I know ape can't read but I implore you to read the whole thing (originally wasn't going to add a TLDR but decided to add it just so more people will read even just a little bit)
|
||||
|
||||
I was doing some research on naked shorting in the context of GME which led me down a rabbit hole of pieces connecting with each other as it relates to GME. I was taking notes while reading and below are the results of my notes. This is still a hypothesis and theory but appears supported by numerous pieces of the puzzle, I could be wrong but personally the pieces seem clear to me now:
|
||||
|
||||
One of the interesting things about GME and a big part of what triggered the short squeeze happening is the extraordinarily large short interest percentage reported by Finra to be 226%, and later in the range of 150% percent of total float. Another interesting factor is the extraordinarily high number of FTIDs (<https://wherearetheshares.com/>). Both are strong indicators of the practice of naked short selling which in general is illegal. In addition there have been many indications that there are far more shares out there then should exist (there are many analysis and data points pointing to this but just one example: <https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/>). Where do these shares come from? One potential explanation is synthetic long shares (created via a loophole described here <https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/>) or counterfeit shares caused by naked shorting.
|
||||
|
||||
I'm an entrepreneur, not a finance expert, so I started doing some more digging on naked short selling to educate myself more on the subject. I started with this <https://www.sec.gov/investor/pubs/regsho.htm>. "Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from "naked" short selling."
|
||||
|
||||
Interesting. We have a consistent and very high rate of FTIDs dating from 2020 and beyond, an indicator that the stock has potentially been naked shorted for a long time.
|
||||
|
||||
According to former Chairman of the SEC Christopher Cox, "Abusive naked short sales... can be used as a tool to drive down a company's stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago... Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws... We are particularly concerned about the potential negative effect that substantial and persistent fails to deliver may be having on the market in some securities. Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price. (Source:[ https://www.sec.gov/news/speech/2006/spch071206cc2.htm](https://www.sec.gov/news/speech/2006/spch071206cc2.htm))
|
||||
|
||||
In a different speech Mr Cox re-iterated that short selling helps prevent "irrational exuberance and bubbles. But when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market -- it is undermining it." Mr Cox also "referred to "the serious problem of abusive naked short sales" as "a tool to drive down a company's stock price" and that the SEC is "concerned about the persistent failures to deliver in the market for some securities that may be due to loopholes in Regulation SHO" (which reminds me of this piece I wrote <https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/>) (source for SEC Chairman's words: <https://www.sec.gov/news/speech/2008/spch071808cc.htm>)
|
||||
|
||||
As another datapoint, Robert J. Shapiro, former undersecretary of commerce for economic affairs has claimed that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground. (Source: This was originally in a time magazine article from 2005 which was deleted[ https://time.com/time/magazine/article/0,9171,1126706-3,00.html](https://time.com/time/magazine/article/0,9171,1126706-3,00.html) but the statement still exists in record in an SEC Filing from 2008[ https://www.sec.gov/comments/s7-08-08/s70808-170.htm](https://www.sec.gov/comments/s7-08-08/s70808-170.htm))
|
||||
|
||||
I also read 'One complaint about naked shorting from targeted companies is that the practice dilutes a company's shares for as long as unsettled short sales sit open on the books. This has been alleged to create "phantom" or "counterfeit" shares, sometimes going from trade to trade without connection to any physical shares, and artificially depressing the share price'". Shortly after, I read that Matt Taibbi contended the use of naked shorting and counterfeit shares was the tactic used to help kill both Bear Sterns and Lehman Brothers. Taibbi said that the two firms got a "push" into extinction from "a flat-out counterfeiting scheme called naked short-selling". (Source:[ https://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle](https://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle))
|
||||
|
||||
All these sources above seem to support the theory that GME stock was wildly naked shorted, which put funds in the risk of being badly short squeezed. If investing on the basis of the extraordinarily high short interest percentage, GME was a prime candidate for a short squeeze to happen -- potentially even an infinite short squeeze. On 1/26 Elon tweeted about Gamestop and that was the day the stock entered the mainstream for a lot of people and retail investors began to really pile on to the stock outside of WSB. The goal of this was to push the stock price up and trigger a short squeeze, the theorized losers would be the funds that naked shorted and would be stuck in the squeeze.
|
||||
|
||||
On 1/28 Thursday when the stock had immense momentum from the moment pre-trading started (the stock shot up to 513 in pre-trading) and it looked like the squeeze was going to happen that day, the momentum was suddenly shut down when Robinhood (where many or potentially majority of retail investors were on) were shut off from the ability to buy GME stock and only allow selling, followed by several other brokers. Many believe this was a result of collusion and that this shut down allowed badly besieged hedge funds to close some positions while the public was shut out of buying (but funds were not.) When this happened people were upset at Robinhood suspecting it was a result of potential collusion between Robinhood and Citadel (which along with Point72 invested a lifeline of 2.5 billion to Melvin Capital, one of the short side funds, and is also responsible for something like 40% of Robinhoods entire revenue by buying their order books), but many also speculated collusion with DTCC itself. Now, personally speaking, its kind of crazy to think about DTCC being complicit in something like this. However, looking into the details of what happened, a skeptical part of me became suspicious.
|
||||
|
||||
Apparently what triggered the shut down on trading GME on that day was DTCC sending a letter at 4 am to Robinhood requiring them to come up with 3 billion dollars (<https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/>) . So it sounds like it was essentially this DTCC letter that led to the shut down of the momentum on GME and the short squeeze happening. On that day, there were theories thrown out that DTCC was potentially complicit in the naked short selling of GME and intentionally did this to stem the massive blow back/scandal if an infinite short squeeze did happen. Assuming the price of share of the price rocketed to 1000 or beyond (which would be likely in the event of a short squeeze or infinite short squeeze), hedge funds would likely go bankrupt as financially speaking there would be no way they would be able to cover all their shorts, and presumably entities that lent the short side hedge fund the shares to short would be holding the bag. Worse, DTCC would be exposed for being complicit in this entire thing, I imagine it would be an incredible scandal to say the least.
|
||||
|
||||
Then I read something that caught my eye... DTCC has had a history of being at the center and source of naked shorts. From an article dating back to 2007, "Depository Trust & Clearing Corp. is a little-known institution in the nation's stock markets with a seemingly straightforward job: It is the middleman that helps ensure delivery of shares to buyers and money to sellers. About 99% of the time, trades are completed without incident. But about 1% of the shares -- valued at about $2.5 billion on a given a day -- aren't delivered to the buyer within the requisite three days, for one reason or another. These "failures to deliver" have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices." (Source: <https://www.wsj.com/articles/SB118359867562957720>)
|
||||
|
||||
Apparently the DTCC has been known to be allowing or complicit in this action for a very long time. According to Wall Street Journal "There is no dispute that illegal naked shorting happens. The fight is over how prevalent the problem is -- and the extent to which DTCC is responsible. Some companies with falling stock prices say it is rampant and blame DTCC as the keepers of the system where it happens. DTCC and others say it isn't widespread enough to be a major concern." (Source: <https://www.wsj.com/articles/SB118359867562957720>).
|
||||
|
||||
"It has been alleged in tens or hundreds of lawsuits that the DTCC and its Prime Broker owners have abused their monopoly position to create numerous techniques that allow for the creation of counterfeit shares through naked shorting that facilitate stock manipulation by hedge funds. Law suits have been brought against Merrell. Lynch, Goldman Sachs, Morgan Stanley, JP Morgan, UBS, other market makers and also the DTCC. The Prime Brokers and DTCC have fought back ferociously against these lawsuits with great success and have been largely successful in blocking attempts to gain access to their transaction data bases. The information that they do release is incomplete, self-serving and misleading. (Source: <https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/>)
|
||||
|
||||
As a thought experiment, lets say naked shorting is rampant in GME (many many indicators point to this) and lets say DTCC was ultimately responsible for allowing a wide scale naked shorting campaign on GME, wouldn't it be in their best interest to make sure this doesn't get out and blow up in their faces? Something to consider. Because had they not done what they did on 1/28 Thursday, many traders believe the squeeze would've happened that day.
|
||||
|
||||
From the Wall Street Journal: "The Securities and Exchange Commission has viewed naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. The latest move came last month, when the SEC further tightened the rules regarding when stock has to be delivered after a sale. But some critics argue the SEC still hasn't done enough... Some delivery failures linger for weeks or months. Until that failure is resolved, there are effectively additional shares of a company's stock rattling around the trading system in the form of the shares credited to the buyer's account, critics say. This "phantom stock" can put downward pressure on a company's share price by increasing the supply... Critics contend DTCC has turned a blind eye to the naked-shorting problem." (source: <https://www.wsj.com/articles/SB118359867562957720>)
|
||||
|
||||
From everything I've seen, as someone who has been an observer and a participant of this saga starting from 1/26, many things look very fishy and there are a lot of red flags people have documented. I personally hold the following hypothesis:
|
||||
|
||||
- GME shorts engaged in rampant naked shorting which lead to the short interest of the stock being 221% and 150% at various times, and as late as 1/28 reported by S3 to be 122% <https://twitter.com/ihors3/status/1355246955874701314>
|
||||
|
||||
- GME shorts potentially hid their positions via a loophole of generating synthetic longs (<https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/>) and using those to "cover" their positions but not truly covering, which is illegal to cover using this particular method, and which has the effect of delaying the short needing to be closed, potentially betting on retail investors to lost interest and price to go back down before they truly close
|
||||
|
||||
- As a result of naked shorting a large amount of counterfeit shares are floating in the market leading to there being far more GME shares then the actual float
|
||||
|
||||
- The counterfeit shares can/have been used in [aggressive naked short attacks](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) to further drive down the price of GME, which may have led to the precipitous price drop starting last Monday and which may have also been aided by if they were able to [artificially cover their shorts using synthetic long shares](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered)
|
||||
|
||||
- Due to the widespread naked shorting that all signs are pointing to, DTCC which has had history of being accused of turning a blind eye to naked shorts, may've turned a blind eye to the rampant naked shorting happening in GME
|
||||
|
||||
- There was potentially collusion on 1/28 to stop the short squeeze from happening whereby DTCC may be involved and may be implicated had the squeeze happened due to the position of naked shorts, it would have been an unbelievable scandal if exposed.
|
||||
|
||||
With the hearing coming up on February 18th, I highly recommend you email and tweet the representatives involved in the hearing, as well as your own district representatives, and urge them to read into the factors presented in this post and call the DTCC and Prime Brokers to the hearingl. They need to be questioned on why GME has so many counterfeit shares, failed to deliver, their complicity in naked shorting, and investigated for their role in the retail shut down of 1/28. Below are 4 members of congress I recommend both tweeting and emailing
|
||||
|
||||
Alexandria Ocasio-Cortez <https://twitter.com/AOC>, email: <us@ocasiocortez.com>
|
||||
|
||||
Al Green <https://twitter.com/repalgreen>, email: <al.green@mail.house.gov>
|
||||
|
||||
Maxine Waters <https://twitter.com/maxinewaters>, email: <maxine.waters@mail.house.gov>
|
||||
|
||||
Nancy Pelosi Email: <https://twitter.com/SpeakerPelosi> email: <sf.nancy@mail.house.gov>.
|
||||
|
||||
And you can find other members of Financial Services Committee here to reach out to: <https://financialservices.house.gov/about/committee-membership.htm>
|
||||
|
||||
Edit: Matt Taibbi's rolling stone article is highly relevant and good reading on this subject <https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/>, so many parallels that the signs are hard to miss. Even if you've read it before, recommend reading it again. Shows me that if the hypothesis posed is true, Prime brokers are likely complicit. Prime brokers also happen to own the DTCC.
|
||||
|
||||
This brings up another interesting thought experiment: On 1/28 when the price was 450+ and shorts were likely under 100, if we assume prime brokers allowed naked shorting in GME, then when the squeeze was about to happen (or happening), if brokers margin called the shorts, they would presumably also go down because shorts would not be able to pay in that event and the brokers would be holding the bag. By that logic, they have every incentive in this case to NOT to margin call because doing would also taken them down and they would lose a lot of money. Instead the most logical option would probably be to make a backroom deal, which is what I personally think mostly likely happened.
|
||||
|
||||
Edit 2: A [compelling theory](https://www.reddit.com/r/Wallstreetbetsnew/comments/lglkwv/naked_shorting_in_gme_and_how_the_pieces_suddenly/gmsll2k/) put forth by someone on what the 800 dollar calls were for and how they could be used to cancel out naked shorts includes data/graphs, recommend giving it a read
|
||||
|
||||
Edit 3: If you want to read more in depth about counterfeiting stock this is a good place to start [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](https://href.li/?http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)
|
12
README.md
12
README.md
@ -1,10 +1,12 @@
|
||||
# A central place for apes to learn about stonks. This is not financial advice.
|
||||
|
||||
### Important Information
|
||||
| Title | Source | Author |
|
||||
| :-------------: |:-------------:| :-------------:|
|
||||
| Proxy Voting 101 | [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/) |
|
||||
|
||||
### Featured Posts and Important Information
|
||||
| Theme | Title | Author | Source |
|
||||
| :-------------: | :-------------: |:-------------:| :-------------:|
|
||||
| DD | House of Cards Series (PDF) | [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) |
|
||||
| Shareholder Rights | Proxy Voting 101 | [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/) |
|
||||
| DD Overview | GME Masters' Guide | [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) |
|
||||
| Regulations | Overview of Regulations | [u/MATTATI2OO5](https://www.reddit.com/user/MATTATI2OO5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkn84o/great_breakdownoverview_of_new_rules/) |
|
||||
---
|
||||
|
||||
### Buy, Hodl, Vote 💎🙌
|
||||
|
12
Regulations/2021-05-25-Breakdown-of-Regulations.md
Normal file
12
Regulations/2021-05-25-Breakdown-of-Regulations.md
Normal file
@ -0,0 +1,12 @@
|
||||
Great breakdown/overview of new rules
|
||||
=====================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/MATTATI2OO5](https://www.reddit.com/user/MATTATI2OO5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkn84o/great_breakdownoverview_of_new_rules/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
[](https://i.redd.it/5f76sdgo29171.jpg)
|
@ -0,0 +1,12 @@
|
||||
NSC-002 Delayed for Longer Period of Comment and Longer Period of Commission Action
|
||||
===================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/MoonTellsMeASecret](https://www.reddit.com/user/MoonTellsMeASecret/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6zgng/nsc002_delayed_for_longer_period_of_comment_and/) |
|
||||
|
||||
---
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
[sec.gov/rules/...](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002)
|
@ -0,0 +1,12 @@
|
||||
NEGATIVE 1 MILLION VOLUME AFTER HOURS???
|
||||
========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/lnning](https://www.reddit.com/user/lnning/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5pk8v/negative_1_million_volume_after_hours/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
[](https://i.redd.it/abwmj8gx1dx61.png)
|
@ -0,0 +1,32 @@
|
||||
13/04/21 - GME Bloomberg Terminal information
|
||||
=============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mqciks/130421_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
## Beta
|
||||

|
||||
|
||||
|
@ -0,0 +1,34 @@
|
||||
14/04/21 - GME Bloomberg Terminal information
|
||||
=============================================
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mr06qs/140421_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
|
||||
## Beta
|
||||

|
@ -0,0 +1,36 @@
|
||||
15/04/21 - GME Bloomberg Terminal information
|
||||
=============================================
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mrnte4/150421_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
|
||||
## Beta
|
||||

|
||||
|
||||
|
@ -0,0 +1,37 @@
|
||||
16/04/21 - GME Bloomberg Terminal information
|
||||
=============================================
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/msc80a/160421_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
## Insider Transaction Summary
|
||||

|
||||
|
||||
|
||||
## Beta
|
||||

|
@ -0,0 +1,38 @@
|
||||
19/04/21 - GME Bloomberg Terminal information
|
||||
=============================================
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mu9a2d/190421_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
|
||||
## Options Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Beta
|
||||

|
@ -0,0 +1,36 @@
|
||||
20/04/2021 - GME Bloomberg Terminal information
|
||||
===============================================
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Ravada](https://www.reddit.com/user/Ravada/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/muzaqy/20042021_gme_bloomberg_terminal_information/) |
|
||||
|
||||
---
|
||||
## 3 Day Chart
|
||||

|
||||
|
||||
## Volume by Exchange
|
||||

|
||||
|
||||
## Top Trades
|
||||

|
||||
|
||||
|
||||
## Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Holders
|
||||

|
||||
|
||||

|
||||
|
||||
|
||||
## Options Ownership Summary
|
||||

|
||||
|
||||
|
||||
## Beta
|
||||

|
108
Timeline/2006-07-12-SEC-Chairman-Christopher-Cox-Speech.md
Normal file
108
Timeline/2006-07-12-SEC-Chairman-Christopher-Cox-Speech.md
Normal file
@ -0,0 +1,108 @@
|
||||
Speech by SEC Chairman:\
|
||||
Opening Statements at the Commission Open Meeting
|
||||
==========================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| Christopher Cox | [sec.gov](https://www.sec.gov/news/speech/2006/spch071206cc2.htm) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
### *by*
|
||||
|
||||
Chairman Christopher Cox
|
||||
------------------------
|
||||
|
||||
#### *U.S. Securities and Exchange Commission*
|
||||
|
||||
#### Washington, D.C.\
|
||||
July 12, 2006
|
||||
|
||||
First Item - The Soft Dollar Interpretive Release
|
||||
-------------------------------------------------
|
||||
|
||||
The first item on our agenda is a recommendation from the Division of Market Regulation. It is a proposed interpretive release on "soft dollar" commissions.
|
||||
|
||||
The purpose of this release is to better circumscribe the use of soft dollars, which are really inflated brokerage commissions, to ensure that they are used only for research and not for other things.
|
||||
|
||||
Soft dollars represent a lot of investors' hard cash, even though it isn't reported that way. The total of soft dollars runs into the billions each year for all investment funds in the United States.
|
||||
|
||||
An agency focused on ensuring full disclosure to investors has to be very concerned about this, because soft dollars make it more difficult for investors to understand what's going on with their money. Hard dollars eventually end up being reported as part of the management fee the fund charges its investors. But soft dollars provide a way for funds to lower their apparent fees - even though, in the end, investors pay for the expense anyway.
|
||||
|
||||
The very concept of soft dollars may be at odds with clarity in describing fees and costs to investors, but it is also enshrined in the 30-year-old law that abolished fixed commission rates. In the old days of fixed commissions, competition among brokers could only occur by providing extra services, one of which was research. When Congress opened the way for competitive commission rates, it chose to preserve the ability of money managers to use commissions to pay for research, so it added a statutory safe harbor, in Section 28(e) of the Exchange Act.
|
||||
|
||||
The safe harbor provides that a money manager can use client commissions to pay for research, so long as the amount of the commissions is reasonable in relation to the value of the research services received.
|
||||
|
||||
As a result of this provision of the Exchange Act, brokers can compete not only on the basis of their execution services, but also their provision of research. But Section 28(e) wasn't meant to create conflicts of interest, by permitting commission dollars to be spent in ways that benefit investment managers instead of their investor clients. So the Commission has to take great care in interpreting Section 28(e) so that soft dollars don't distort the normal market incentives to money managers to seek best execution.
|
||||
|
||||
At the same time, we want to ensure that the legitimate use of soft dollars for research doesn't interfere with the full disclosure of actual management costs.
|
||||
|
||||
Since the adoption of Section 28(e) in 1975, the Commission has issued two interpretive releases. The first, issued contemporaneously with the enactment of the law, stated that the safe harbor did not protect "products and services which are readily and customarily available and offered to the general public on a commercial basis." Among the products excluded from the safe harbor were newspapers, magazines, office supplies, off-the-shelf software, and airline tickets.
|
||||
|
||||
The second release was issued ten years later, in 1986, and it went the other way from the original release. It provided greater flexibility to make judgments about how to treat products and services, and it opened the door to potentially overbroad readings of the safe harbor.
|
||||
|
||||
The Commission proposed this latest interpretive guidance last October. And today, after considering and incorporating many very helpful comments, we are acting to finalize that guidance.
|
||||
|
||||
The vagueness of the 1986 guidance, and its potential overbreadth, is particularly a problem in our 21st century world. Industry practices and technologies have changed significantly since then, in some ways that could barely have been imagined, and the products and services available to money managers have grown far more varied and complex.
|
||||
|
||||
In our study of soft dollar practices, we have found that money managers are applying the Commission's 20-year old guidance in these changed circumstances in highly inconsistent ways - and, at times, in overly aggressive ways. For example, we have seen soft dollars used to pay for membership dues; professional licensing fees; office rent; carpeting; and even entertainment and travel expenses.
|
||||
|
||||
The Commission has brought enforcement actions in some of the most egregious cases. But we have also recognized the need for greater clarity in our own guidance.
|
||||
|
||||
Today's interpretive release brings our guidance up to date, and removes some of the uncertainties about how this 30-year old law applies in the current environment.
|
||||
|
||||
In developing this guidance, the Commission has benefited greatly from the public comment process. Altogether, more than 70 commenters submitted letters in response to the proposing release. The overwhelming majority of comment letters expressed the need to know exactly where the lines on soft dollar practices are drawn.
|
||||
|
||||
Although the commenters express a multitude of views, there was a consensus on several important points. Commenters agreed that money managers have an obligation to use soft dollars to obtain real brokerage and research services for the benefit of the investors who entrust their money to them. The research services have to directly relate to and inform the money manager's investment decision-making responsibilities. And the brokerage services rendered have to be for the purpose of facilitating the execution of the money manager's orders.
|
||||
|
||||
There is no room in the safe harbor for overhead like carpeting and computer equipment, or lavish expenditures for interior decorators or beachfront villas.
|
||||
|
||||
Today's release makes it crystal clear that "research" is restricted to advice, analyses, and reports that have substantive intellectual or informational content.
|
||||
|
||||
Money managers can use soft dollars to obtain traditional company research reports, as well as market research, market data, and trade analytics.
|
||||
|
||||
They may not use soft dollars for new computers, or to pay overhead costs like the salaries of their research staff.
|
||||
|
||||
Mass-marketed publications - like Business Week or the Washington Post - will still be interesting and informative, but the costs of buying them will have to be disclosed to investors as hard dollar expenses.
|
||||
|
||||
The definition of brokerage is made more clear, as well. The release states that brokerage includes only those services relating to trade execution - from the time an order is placed, through the time it is executed, cleared, and settled.
|
||||
|
||||
The release provides better guidance with regard to mixed-use items. And it fleshes out the statutory requirement that money managers have to make a good faith determination that the commissions they pay are reasonable in relation to the value of the products and services they receive.
|
||||
|
||||
Finally, and importantly, the release clarifies the rules that apply to commission-sharing arrangements among money managers, brokers, and third party research providers. It gives the industry needed flexibility to structure a variety of arrangements, consistent with the purposes of the statute. This flexibility will contribute to improved efficiencies in the marketplace for research, which will directly benefit investors. And because business practices in this area are evolving so rapidly, we're asking for further public comment to determine whether any additional guidance may be necessary in this area.
|
||||
|
||||
Today's release is an important step, but as we go forward, the Commission will continue our examination of the use of soft dollars, in order to ensure that money managers are acting in the best interests of their clients - and that investors are fully informed about how their money is being spent.
|
||||
|
||||
I would like to thank the staff in the Division of Market Regulation for their hard work on this release, particularly Bob Colby, Jamie Brigagliano, Jo Anne Swindler, Patrick Joyce, Stanley Macel, and Marlon Paz, as well as their colleagues in the Office of the General Counsel, the Division of Investment Management, the Office of Economic Analysis, and the Office of Compliance Inspections and Examinations.
|
||||
|
||||
Second Item - Proposed Amendments to Regulation SHO
|
||||
---------------------------------------------------
|
||||
|
||||
The next item on our agenda is the serious problem of abusive naked short sales, which can be used as a tool to drive down a company's stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago.
|
||||
|
||||
At the Commission's request, the Division of Market Regulation has prepared proposed changes in Rule 203 under Regulation SHO to cut down on failures to deliver.
|
||||
|
||||
The need for Regulation SHO grew out of long-standing and growing problems with failures to deliver stock by the end of the standard three day settlement period for trades, some of which were symptoms of abusive "naked" short selling. Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws.
|
||||
|
||||
In response to these problems, Regulation SHO imposed mandatory close out requirements on broker-dealers with fail to deliver positions in securities with a substantial level of persistent fails. A clearing broker-dealer now has to close out a fail to deliver position in a threshold security that has persisted for 13 consecutive settlement days by purchasing securities of like kind and quantity. A security becomes a threshold security if there is an aggregate fail to deliver position of 10,000 shares or more for five consecutive settlement days; if the position is equal to 0.5% of the issuer's total outstanding shares; and if the security is included on an SRO's threshold security list.
|
||||
|
||||
A grandfather provision, however, gave an exception from Rule 203(b)'s mandatory close out provision for any fail to deliver positions established before a security became a threshold security. And another provision of Rule 203(b) - the options market maker provision - provides an exception for any fail to deliver positions in a threshold security if they result from short sales by an options market maker, for the purpose of establishing or maintaining a hedge on options positions created before the underlying security became a threshold security.
|
||||
|
||||
We are particularly concerned about the potential negative effect that substantial and persistent fails to deliver may be having on the market in some securities. Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price. They may also undermine the confidence of investors who may believe that the fails to deliver are evidence of manipulative naked short selling in the stock. In turn, issuers may be harmed, as investors may be reluctant to commit capital to a stock that they believe is subject to abusive naked short selling.
|
||||
|
||||
To address these concerns, the Division of Market Regulation is recommending proposals to amend Regulation SHO. The recommended proposals are based on examinations conducted by the Commission's staff and the SROs since Regulation SHO became effective in January 2005. While preliminary data indicates that Regulation SHO appears to be significantly reducing fails to deliver without disruption to the markets, there continues to be a number of threshold securities with substantial and persistent fail-to-deliver positions that are not being closed-out under existing delivery and settlement guidelines. It appears these persistent fails are primarily attributable to the grandfather and options market maker exceptions to the delivery requirements of Regulation SHO.
|
||||
|
||||
The proposals being recommended today would eliminate the grandfather provision, and narrow the options market maker exception. The proposals would include a limited one-time phase-in period following the effective date of the amendment. The proposals also include a technical amendment that would update the market decline limitation referenced in the rule. In combination, these proposals are intended to eliminate the persistent fails to deliver that are attributable to loopholes in Regulation SHO as originally adopted.
|
||||
|
||||
Once published, the public and the industry will have the opportunity to comment on the specific Regulation SHO proposals, as well as provide us with any alternative approaches. We also will be seeking comment about other ways to modify Regulation SHO. We will consider any comments and any accompanying data we receive in determining whether any modifications to the proposals are necessary.
|
||||
|
||||
I would like to thank the Division of Market Regulation, specifically, Robert Colby, James Brigagliano, Josephine Tao, Joan Collopy, Lillian Hagen, Elizabeth Sandoe, Victoria Crane, and Bradley Owens for their commendable work on these matters. I would also like to thank the offices of the General Counsel, Compliance Inspections and Examinations, and Economic Analysis, as well as the Division of Enforcement, for their contributions and collaborative effort.
|
||||
|
||||
*http://www.sec.gov/news/speech/2006/spch071206cc2.htm*
|
||||
|
||||
* * * * *
|
||||
|
||||
###### Modified: 07/12/2006
|
||||
|
||||
|
|
@ -0,0 +1,28 @@
|
||||
78.46%
|
||||
======
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/conspiracycatz](https://www.reddit.com/user/conspiracycatz/) | [Reddit](https://www.reddit.com/r/GME/comments/lgjc34/7846/) |
|
||||
|
||||
---
|
||||
|
||||
[](https://i.redd.it/1936wuy35kg61.jpg)
|
||||
|
||||
---
|
||||
|
||||
> **:information_source: Key Highlights and Takeaways** by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)
|
||||
>
|
||||
> **What is FINRA?**
|
||||
>
|
||||
> [FINRA](https://www.finra.org/about) is short for the Financial Industry Regulatory Authority, and is a not-for-profit entity that is not part of the government.
|
||||
>
|
||||
> FINRA handles the licensing and regulation of broker-dealers and is responsible for overseeing virtuall all U.S. stockbrokers and brokerage firms.
|
||||
>
|
||||
> FINRA is the largest self-regulatory organization (SRO) in the securities industry within the U.S.
|
||||
>
|
||||
> **What is the Short Interest Report?**
|
||||
>
|
||||
> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month, which can be found [here](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest).
|
||||
>
|
||||
> Resources [[1]](https://www.investopedia.com/ask/answers/how-does-finra-differ-sec/) [[2]](https://www.finra.org/about) [[3]](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest)
|
@ -0,0 +1,16 @@
|
||||
Looks Like $GMEExecs. Held The Line
|
||||
===================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/bsdvs23](https://www.reddit.com/user/bsdvs23/) | [Reddit](https://www.reddit.com/r/GME/comments/lhncjx/looks_like_gmeexecs_held_the_line/) |
|
||||
|
||||
---
|
||||
|
||||
$GME Executives have Diamond Hands. Check out the below.
|
||||
|
||||
[](https://preview.redd.it/ohtmrvawcvg61.jpg?width=847&format=pjpg&auto=webp&s=abc7eb82234c229ba7755fb43df0327bf1fc7517)
|
||||
|
||||
**[Source](https://www.reuters.com/business/retail-consumer/exclusive-how-gamestop-missed-out-capitalizing-reddit-rally-2021-02-11/#:~:text=GameStop%20decided%20it%20was%20restricted,information%20when%20conducting%20stock%20sales.&text=Representatives%20of%20GameStop%20and%20the%20SEC%20declined%20to%20comment.)** (added by [u/Meticulous-](https://www.reddit.com/user/Meticulous-))
|
||||
|
||||
|
@ -0,0 +1,42 @@
|
||||
Head of DTCC just confirmed short positions did not get margin called in January
|
||||
================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6epps/head_of_dtcc_just_confirmed_short_positions_did/) |
|
||||
|
||||
---
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
The Head of the DTCC just confirmed live in the HFSC meeting that the only margin issue in January was Robinhood. Meaning that Melvin and Citadel were in fact not margin called in the January squeeze.
|
||||
|
||||
In interview with
|
||||
|
||||
-18:00 and running timestamp
|
||||
|
||||
Edit 1: Edit Deleted*
|
||||
|
||||
Edit 2: This means the shorts were never forced to cover
|
||||
|
||||
Edit 3: This confirms Citadel and point 72 offered capital in January to Robinhood and Melvin to prevent a Margin Call on their own positions.
|
||||
|
||||
Edit 4: Video here
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/n6er77/holy_balls_from_the_dtcc_ceos_own_mouth_no_margin/>
|
||||
|
||||
Edit 5: This does not mean they voluntarily covered this means they are most likely still holding their positions.
|
||||
|
||||
Edit 6: Unclear Theory Removed*
|
||||
|
||||
Edit 7: For clarity, removed some more inflammatory wording this was written in a rush while I was streaming and live charting.
|
||||
|
||||
For this I apologize.
|
||||
|
||||
I do not mean this to imply that zero short positions have been covered on the stock as I do agree with some of the sentiment below that some short positions covered in January. But this does show pretty definitive proof that the 3 Billion lent to Melvin their $4.5B in losses and the $1B lent to Robinhood were all in order to prevent a margin call.
|
||||
|
||||
That's 7.5 Billion in losses to prevent a margin call on Melvin. We know Archegos was 7x margined(Confirmed in today's HFSC meeting) from this we can infer from Melvin's 12.5 billion in holdings they may have had up to $87.5B held in margin. The actual number may not be this high. But there was definitely a vested interest in preventing a margin call on Melvin in order to provide them with 1/4 of their worth in an immediate loan.
|
||||
|
||||
I do still contend that even at the lowest average price period from 2/2-2/24 the average price was 57.76 at this cost it would have been $4.62B to cover 80 million reported shares sold short. Additional that's only 17 trading days (3 of which had overall volume of less than 10 million)so they would have had to cover 4.705M shares a day or 200 shares per tick. There is no way to do this and keep the price at an average of 57.76. Nor have Citadel or Melvin disclosed financials to indicate losses sufficient to have bought in at higher prices. (Melvin $4.5B, and Citadel 3%)
|
||||
|
||||
So this leaves us with the fact that $4.5B from Melvin and another $4B From Citadel and Point 72 were spent to keep Robinhood and Melvin from being margin called. The head of the DTCC also confirmed Robinhood's liquidity issues were immediately resolved so buying should have never been halted. That's $8 billion in liquid capital, and blatant fraud. Committed to prevent a margin call on Melvin. "As nobody was pushed into that position". Edit 8: <https://www.reddit.com/r/wallstreetbets/comments/n6i28o/did_vlad_do_a_perjury/?utm_medium=android_app&utm_source=share> Vlad did a fibby....
|
208
Timeline/GME-Chronology-January-13-to-February-4.md
Normal file
208
Timeline/GME-Chronology-January-13-to-February-4.md
Normal file
@ -0,0 +1,208 @@
|
||||
GME War Wages On
|
||||
================
|
||||
|
||||
| Author | Source |
|
||||
| :----: | :----: |
|
||||
| Stonking | [stonking.info](https://www.stonking.info/post/gme-war-wages-on) |
|
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|
||||
---
|
||||
|
||||
Updated: Feb 14
|
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|
||||
*First and foremost I would like to apologize for delaying to such an extent in providing an update. Life has never been so hectic, with a newborn on the way in the middle of this war I'm up to my neck in real life responsibilities.*
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|
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For retards like you and me, who have been diamond-handing GME through the past weeks of trading days, we have experienced the wildest rollercoaster ride ever experienced on the market. We've felt bull-highs that hardened our balls and heartbreaking lows that filled our hearts with rage. Emotions were all over the place every single day of the week, with attacks coming in from all sides as we play by the book and do our best to put the enemy in its place: in a corner waiting for the world that they've abused to bleed them dry.
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I would like to start out this post with an overview of what has happened so far. I don't intend to keep this article short. In fact, I will try my best to paint an extensive picture so that all of you can see all the factors in play here, as a lot has happened so far, but I will write it in a simple manner. After the chronology, I will discuss the present situation and what the future of this war looks like. That's right, for anyone believing the news - the war has only just started. Don't believe the media platforms that are on *their* side.
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|
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*I urge you to educate others on what you are about to learn here and share this post. As you can see I do not place advertisements on my website because my scope is not to make money with my articles, but to educate traders with the truth. Please be a catalyst and help each other out by enlightening others.*
|
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|
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Chronology
|
||||
----------
|
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|
||||
###
|
||||
|
||||
### Background
|
||||
|
||||
- 2018-2020 - Hedgefunds (HF) such as Melvin Capital use illegal methods to push GameStop to bankruptcy, by betting against the share value then forcing the value to drop, creating counterfeit shares and raising the short interest to a record-breaking 140% of float. Important to note that these same HF had a part in the housing market crash back in 2008.
|
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|
||||
- Traders and investors, including big guys like Michael Burry, catch on to this illegal activity and turn the tables around as GameStop reforms itself and starts pivoting in the right direction thanks to Ryan Cohen.
|
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|
||||
- Q4 of 2020 - further interest in the situation spreads around the internet as the HF illegal activity gets the spotlight. Retail investors see the potential and start buying and holding GME.
|
||||
|
||||
### Bull Rally
|
||||
|
||||
Wed 13th January 2021 - The bull rally begins at a minor level pushing up the value from <$20 into the $30s - this spikes up interest among retail investors and people start hopping on (including yours truly).
|
||||
|
||||
14th-15th Jan - Value range between $42-35. Cramer is on our side getting extremely energetic over the oncoming squeeze, claiming that WSB users are the Captains of WS now.
|
||||
|
||||
Tue 19th Jan - An exciting trading week begins after Martin Luther King day. The first two days range between $36-44.
|
||||
|
||||
Thu 21 Jan - Surges continue and the world cannot believe the volatility. In the meantime, Andrew Left from Citron starts their usual attack of spitting bullshit about why GameStop will drop to $20 FAST. Proves ineffective as it continues upward. I wouldn't even call this an attack as it was merely a shitty attempt to swim against savage currents. Left drowns.
|
||||
|
||||
### The War Begins
|
||||
|
||||
Fri 22nd Jan - The value of GME explodes through a Gamma squeeze from $43 up to an insane high in the mid $70s.
|
||||
|
||||
- We get the first two attacks - three Circuit Breakers (CB) alongside illegal short-laddering causing panic among the uninformed GME holders and they begin to sell, dropping the value down to as low as $55, before it picks back up to $67.
|
||||
|
||||
- In the meantime the 3rd attack begins - all over WSB and Discord, fake users swarm the platforms urging others to get out of GME and ride the other trains (PLTR, TSLA, BB, AMC). Bots spam the same shit in every thread and channel, and some users follow them, selling GME to ride other waves.
|
||||
|
||||
Mon 25th Jan - The value of GME continues to explode pre-market into high $90s.
|
||||
|
||||
- All through the weekend the 4th attack initiates - lies and propaganda by media platforms on Axis side claiming the squeeze is over when it has not even started yet, and paints WSB as the bad guys.
|
||||
|
||||
- The bell rings and we start experiencing the 5th attack - doxxing broker servers. Almost every single broker gets laggy and no orders pass through for almost a whole hour. This is facilitated by increased activity of traders hogging up bandwidth. This pushes the price down to $85, but as the servers regained stability, buys ramp up the price to an incredible $159.
|
||||
|
||||
- 6th attack - brokers jack up margin requirements for GME (meaning you needed further funding to buy GME on margin) and the shorts start dumping shares to cause mega-dips on the price.
|
||||
|
||||
- Once again CBs break the flow, now facilitated by their short laddering into CBs. Some traders pussy out as the value drops and sell on the down-trend, bringing the price down to a demoralizing $61. The value picks back up to mid $70s and continues into After Hours (AH) and premarket (PM) up to $90.
|
||||
|
||||
- All the while more users swarm WSB and spam discouragement.
|
||||
|
||||
Tue 26th Jan - Value drops back to $80, then surges up to an unbelievable $150 as whales likely buy-in (Musk, Chamath).
|
||||
|
||||
- Citadel market-makers (MM) invest billions into Melvin Capital and show the world that MMs are on their side, and we start to understand who is behind and why Short-laddering is happening, even though it proves ineffective to bring the price down as buys heavily dominate the market.
|
||||
|
||||
- Shorts double down again.
|
||||
|
||||
- Cramer switches sides into Axis, urging us to cash out.
|
||||
|
||||
- The bell rings and Elon Musk tweets "GameStonks" up to $380! HF shit themselves, as Papa Musk provides them with a cold plate of revenge for shorting his company, Tesla Motors Inc, for over a decade.
|
||||
|
||||
- Shorts down $5B
|
||||
|
||||
Wed 27th Jan - fake media and short-laddering continues and drops the price to $250 before picking back up to $370 then $350 end of day.
|
||||
|
||||
- WSB Discord gets disbanded and WSB becomes temporarily private into AH in an attempt to control spamming bots.
|
||||
|
||||
- Fake news that shorts have all closed their positions - while they continue to manipulate the market and investors' psychology. The volume doesn't even make sense to cover all positions, and if their positions are closed why put yourself in a vulnerable position by perform illegal activity to continue driving down the price? A lie so clear that it's as see-through as window glass.
|
||||
|
||||
Thu 28th Jan - Premarket goes up over $500! Their biggest illegal attack begins: RobinHood and various other brokers restrict trading by disabling buys and allowing sells only, causing widespread panic selling bringing the price back down to $250 before markets open.
|
||||
|
||||
- Traders start opening accounts on other brokers without these limitations and price surges up to a record-breaking $480. Short-laddering and bulk-selling continues and drops the price down to $115 before kicking back up to $320 and falls back down to $200.
|
||||
|
||||
- Justin Kan claims that Citadel allegedly doubled down on shorts during the peak before pushing the price down to $115 to make a huge profit and control damage in their books before it shot back up.
|
||||
|
||||
- The restrictions imposed by brokers backfires as the world starts seeing with their eyes and further billionaires, millionaires, politicians, and popular influencers side with the Allies and start exposing what's going on behind the lines through social media.
|
||||
|
||||
- Class action lawsuit filed against RobinHood.
|
||||
|
||||
- Bullshit RobinHood 'insider' claims that the White House is behind restrictions to spread panic - WSB exposes the bullshit coordinated attacks.
|
||||
|
||||
- Allies start getting creative - propeller planes with messages against RobinHood and in favour of GameStop start flying around the USA.
|
||||
|
||||
- Lawmakers side with retail investors against Wall Street Institutions.
|
||||
|
||||
Fri 29th Jan - PM surges back up to $380 before dropping to $250 then back up to $320. A boring day at low volume as retail investors are blocked from buying.
|
||||
|
||||
- Short-laddering continues, media continues to blast bullshit.
|
||||
|
||||
- More brokers (such as Freetrade) with restrictions, but this time they expose the ones forcing this decision, unlike RobinHood CEO Vlad who claimed to have restricted trading to "protect our clients."
|
||||
|
||||
- Citron research discontinues short-selling research after 20 years and switching to long research. One more battle won, fuck you Andrew Left.
|
||||
|
||||
- On certain brokers GME buys take a long time to pass, while sell orders are instantaneous.
|
||||
|
||||
- VIX explodes and everything goes red as shorts liquidate assets (sell their long positions, causing panic-selling among traders).
|
||||
|
||||
- Squeeze postponed as another psychological attack to cause traders to abandon ship, it works.
|
||||
|
||||
- Kjetill Stjerne buys in
|
||||
|
||||
Through the weekend
|
||||
|
||||
- Some who cashed out start a donating frenzy.
|
||||
|
||||
- Traders paying for Billboards all around USA to promote buying and holding GME against HFs. Including Timesquare.
|
||||
|
||||
- Plane flying a banner saying "SUCK MY NUTS ROBINHOOD"
|
||||
|
||||
- Signs all over the place in USA - pavements, houses, offices
|
||||
|
||||
- Film-makers start proposing pilot scripts for movies as well as series. Cramer continues to urge investors to cash out.
|
||||
|
||||
- SEC announces providing $5.5million to any RobinHood employee that turns whistleblower.
|
||||
|
||||
- More bad media claiming squeeze over
|
||||
|
||||
- It starts to become clear that certain retirement funds will crash as HFs go bankrupt.
|
||||
|
||||
- CNN interview with RobinHood CEO.
|
||||
|
||||
- More fake news claiming shorts have closed all positions.
|
||||
|
||||
Mon 1st Feb - Media continues to claim that the squeeze is over and starts bullshit campaign that WSB has now switched to $SLV Silver to squeeze it - literally causing a pump and dump. Guess who's the 5th largest shareholder of silver? Citadel.
|
||||
|
||||
- S3 partners act suspicious and seem to have taken the Axis side as they claim that Short interest reduced from 131% down to 50%. Clear lies between different tweets. From now on we cannot trust reported Short Interest figures.
|
||||
|
||||
- Bloomberg claims % dropped to 39%.
|
||||
|
||||
- NASDAQ claims short interest is way above 120%
|
||||
|
||||
- Kimmel joins Axis - claims that WSB is run by Russian disruptors of US markets.
|
||||
|
||||
- Ken Griffin owner of Citadel forced to sell his eight yacht.
|
||||
|
||||
- Elizabeth Warren looking forward to investigating RobinHood CEO.
|
||||
|
||||
- Traders start moving their assets from restricted brokers into Fidelity, Vanguard and other brokers without restrictions.
|
||||
|
||||
- Traders start exercising long-term options to force shorts to buy.
|
||||
|
||||
- Elon Musk calls out Vlad on Clubhouse and grills him, calling him "Vlad the Stock Impaler."
|
||||
|
||||
- eToro sells GME shares without permission and force stop-losses that are non cancellable. They later revert, apologise and return all shares to shareholders.
|
||||
|
||||
- A whole list of News channels on Axis side manifested on WSB
|
||||
|
||||
- Jordan Belfort (Wolf of Wallstreet) joins Allies and posts video "We are NOT FUCKING LEAVING"
|
||||
|
||||
- Further and further investors buy in as shown through a Bloomberg terminal.
|
||||
|
||||
- It continues to be a boring day - as volume reduces since buyers turn into holders and volatility reduces. This makes short laddering effective as they pull off heavy attacks using about $200M worth of shares, and push the price down from $320 to $230.
|
||||
|
||||
Tue 2nd Feb - A dark day begins as premarket goes down to $140 and continue to be pummeled down through the market day via short-ladder attacks, down to $90.
|
||||
|
||||
- More and more fake news and bots with usernames such as 'Wise_Suggestion' destroy morale on WSB. Diamond-hands in the game are unaffected, but paper hands flee and cash out at a loss.
|
||||
|
||||
- Revolut restrict buying GME and AMC.
|
||||
|
||||
- Mark Cuban AMA on reddit promotes holding for two hours, then goes on CNBC to defend retail investors and WSB.
|
||||
|
||||
- Bots full on at WSB
|
||||
|
||||
- Overall a very dark day for diamond hands and spirits are down.
|
||||
|
||||
Wed 3rd Feb - Continues on the downtrend from $110 to $86 before GameStop releases news of three new executives joining the board. Price goes up in the hundreds before sinking back $91.
|
||||
|
||||
- Point72 (shorts and investors in Melvin Cap) are getting broke and raise $1.5B funds.
|
||||
|
||||
- Yellen SEC and Federal Reserve meeting Thursday (today)
|
||||
|
||||
- Further billboards continue to pop up around the world, including European island Malta.
|
||||
|
||||
- Moral all around the world picks back up.
|
||||
|
||||
- Huge buys, counteracted with short-ladders result in net down.
|
||||
|
||||
Thur 4th Feb so far - WSB has been infiltrated, taken over by old mods, banning the new mods and instantly removing many new posts in favour of GME.
|
||||
|
||||
Present and Future
|
||||
------------------
|
||||
|
||||
As HF continue with their illegal attacks to cause further market and psychological manipulation, diamond hands in the know are unaffected regardless of how low the price dips. It is clear that these dips are orchestrated to cause panic-selling, but this tactic has been overused to the point that we now expect it on the daily.
|
||||
|
||||
The short interest remains high as shorts double down, and it would have been very clear if shorts covered their positions during the past weeks, especially if they covered down to the bullshit reported figures by data providers such as S3 and Ortex.
|
||||
|
||||
The world continues to watch, despite the fake media tarnishing the image of WSB and retail investors. More and more join the allies.
|
||||
|
||||
GameStop are clearly on our side and we can now expect them to fight back alongside us, following their news press yesterday.
|
||||
|
||||
I expect the price to drop as shareholders continue to hold while short ladders become increasingly effective to drop the price. Although the ratio of Buys:Sells is always higher, we cannot hold the line through this unfair disadvantage.
|
||||
|
||||
But the price is not the point any longer. They can push it down as far as they want, in the end shareholders control the supply, and shorts are in desperate demand to buy them from us. In the end we dictate the price at which we sell it to them when the time comes, and their short interest is so huge that they have to buy each and every share from us regardless of how far they dip the value.
|
||||
|
||||
Endgame seems far away at the moment, and will continue to be blurry until the story continues. In the meantime shareholders must resist temptations to bail as we hold HFs from manipulating our psychology to sell off all our shares, which is exactly what they want right now.
|
||||
|
||||
*Obligatory: this is not financial advice, I like the stock. I'm long on GME holding hundreds of shares.*
|
Reference in New Issue
Block a user