Create 2021-06-11-Live-Charting.md

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00-Getting-Started/2021-05-07-Recommended-Reading.md

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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.

00-Getting-Started/2021-05-16-Clarifying-Market-Limit-and-Stop-Orders.md

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+Dispelling & Denouncing Wardens Fud | Market, Limit, Stop Orders
+================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/jsmar18](https://www.reddit.com/user/jsmar18/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/) | 
+
+---
+
+
+[🚀 Moderator 🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&restrict_sr=1)
+
+Well, that happened quickly.
+
+I personally denounce [u/WardenElite](https://www.reddit.com/u/WardenElite/) for his behavior. You don't call this epic community "idiots", you don't try and make money off of us, and you don't write half-assed posts that are clearly FUD when you're in a respected position.
+
+Let's clarify the largest thing that many picked up and noted in his most recent post.
+
+Stop Order
+
+Don't use them, it's as simple as that. I have no idea what mindset he was in when he was typing that up, but it's very much talking like a day trader re the use of stop losses. Guess what we don't do? Day trade, we buy and HODL.
+
+The mere fact of mentioning using stop orders will exacerbate the issue he is talking about in regards to stop loss hunting. The best way to avoid the situation he describes? Don't use a stop loss.
+
+Limit Order
+
+The largest negative about limit orders, add liquidity orders among others is execution risk. He mentions this and it's not wrong.
+
+I think it's wise that everyone knows the risk of using a limit order, but not so you don't use it. Understanding the risk helps us know how to use it but be aware of how to better set the price of a limit order in certain market conditions.
+
+Example: Oh shit it's moving fast (in either direction), i'll make sure to set the limit so it's further away from the spread instead of right next to it which is where the execution risk is the highest.
+
+Market Order
+
+I'm pretty sure I was the first to ask apes to use different order types than just ye old Market Order, so i'll say that if the market conditions are truly moving too fast as warden pointed out in his post (and really badly FUD like at that....) you could get burned using a limit.
+
+Conclusion
+
+So use them wrinkles, limit orders are the best option, if the market conditions are really that bad, use your judgment as it might be better to use a market order. But with your new knowledge on the execution risk of limit sells, you should be fine in my eyes.
+
+Don't use stop orders.
+
+Not financial advice.
+
+Edit: Just want to say not to continue attacking him. It's all done and dealt with, so let's move on from the drama. He's young, he fucked up, he has now received a life lesson that he hopefully evolve from.
+
+Edit: Been seeing questions pop up re broker limitations, e.g. eTorro. When I get back home I'll add in an update regarding my thoughts on that.
+
+Round Two
+
+Back home (and just finished handmaid's tale season 3 - recommend), sorry for the wait. There have been two themes, the first being broker limitations on order types and the second being Stop-Limit orders.
+
+Stop-Limit Orders
+
+Similar in name to a stop-loss order, but they are different. The main being that stop-loss guarantees execution (trade-off of price slippage, resulting in orders being filled below strike price).
+
+Better to explain stop-limit through an example:
+
+> <Random Ticker> is at $190, you wanna buy, you place a stop-limit order to buy with a stop price of $200 and a limit price of $210. If the price goes above the stop price, the order is activated and it's now a limit order. If <Random Ticker> gaps up, above the limit price, the order will not be filled.
+
+Flip it around for the sell-side logic. Execution risk again being the main thing to understand. But understanding the risks and how to use various orders is all about adding tools to your arsenal. Know when to use what and in which situation.
+
+Also, develop that wrinkle further with some [more reading](https://www.investopedia.com/terms/s/stop-limitorder.asp).
+
+Brokers
+
+eTorro is widely being asked regarding their order types, I don't use eTorro so I'm uncomfortable commenting on them directly. But I'll give you some non-financial advice that is generalizable to every single broker.
+
+Identify what order types are available to you, google their definition and understand how each functions. If you feel restricted, sure move brokers (obviously risky, given the squeeze feels closer than ever) to a broker that offers more order types. Else you're stuck with what you've got, learn your options, understand them and make/amend an exit plan that includes your newfound knowledge.

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.

00-Getting-Started/2021-06-01-Game-Stop-Power-to-the-Apes.md

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+🎮 Game Stop 🛑
+===============
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) | 
+
+---
+
+[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+🎮 Game Stop 🛑 Power to the Apes
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/ki5gi2o2qk271.png?width=849&format=png&auto=webp&s=14d8d6340fdeaeb6a31770af0351c9a74b2c7338)](https://preview.redd.it/ki5gi2o2qk271.png?width=849&format=png&auto=webp&s=14d8d6340fdeaeb6a31770af0351c9a74b2c7338)
+
+You stay stonky, San Diago.
+
+Moderator Promotions
+
+I am so very happy to announce that we have promoted two moderators to Full Permissions. This effectively puts them in the same moderator power level as [u/rensole](https://www.reddit.com/u/rensole/) and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). While Reddit's hierarchy still remains the same, these two will now have access to Community Settings and Full Permissions, giving them the ability to adjust site settings, give moderator awards, add and remove mods, and much more, but overall will be seen as top authorities in the moderator team.
+
+-   [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
+
+    -   BT been with us since [r/GME](https://www.reddit.com/r/GME/) days (he wrote the [r/GME](https://www.reddit.com/r/GME/) FAQ) and has been a critical mod at [r/Superstonk](https://www.reddit.com/r/Superstonk/). His steadfast work ethic, dedication to the community, strong skills and relationships with the other mods, and his ethical stature are all key aspects of why we feel this promotion is warranted. He has also been very active in our mod chat, and has helped to keep the peace and mediate disagreements for the betterment of all mods and the community at large.
+
+-   [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/)
+
+    -   Pink has been dedicated to this subreddit since her addition as mod. She has become a beloved friend to many of us, and I think she brings invaluable insight and purpose to the mod team as well as the community. She has demonstrated her worth time and time again with tireless work ethic, dedication to the ape community, and close relationships that no doubt will strengthen them both as it emanates outward to the rest of us.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/uc3wcx5tok271.jpg?width=1600&format=pjpg&auto=webp&s=bed62b2f34bf0426b372e99eafbcf9c8f5c4e4af)](https://preview.redd.it/uc3wcx5tok271.jpg?width=1600&format=pjpg&auto=webp&s=bed62b2f34bf0426b372e99eafbcf9c8f5c4e4af)
+
+Apes Together Strong
+
+I think this could also mark an evolutionary transition for [r/Superstonk](https://www.reddit.com/r/Superstonk/) in terms of moderator structuring and the scope of the sub itself. When [u/rensole](https://www.reddit.com/u/rensole/) and I were at [r/GME](https://www.reddit.com/r/GME/), all mods had Full Permissions. This actually caused a lot of issues since some mods abused those permissions, and it effectively led to the migration from the sub. As a result, we have been very careful with who we give permissions to in an attempt to prevent catastrophe. It's worked so far, but we feel it is time to expand permissions to those deserving.
+
+[u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) and [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) have tirelessly worked for the growth and integrity of [r/Superstonk](https://www.reddit.com/r/Superstonk/), and I have come to trust them and love them as fellow apes and friends in this journey. I have no qualms promoting them both to Full Permissions admin-level roles. We hope they can assist us heavily in acting as authorities for the sub and in leading the mod team and ape community as a whole into the future. This is very much deserved, so please make sure to give them serious congratulations. 💎💎💎 CONGRATULATIONS 💎💎💎
+
+MOASS Defense
+
+Over the past few months, as far back as my tenure at [r/GME](https://www.reddit.com/r/GME/), there have been questions about the MOASS and how we would protect the sub in the event of a cataclysmic series of events. Ever since, we have been working with a special team of wrinkle-brained apes, and the mods, to develop a solution to this inevitable outcome.
+
+I am proud to announce that this solution is finally ready for implementation, and today it received a majority-vote from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) mod team, and is therefore approved and now being implemented.
+
+This plan will address the following concerns:
+
+1.  How will we defend against the onslaught of new members from the MOASS?
+
+2.  How are we going to protect against incoming FUD attacks?
+
+3.  How do we discourage a sub split effort?
+
+4.  How do we allow those hurt by age/karma limits to remain included?
+
+5.  What has Red been alluding to for the past two months?
+
+To answer these concerns, we have worked diligently to come up with a multi-faceted plan that will no doubt secure the subreddit for the foreseen future. But first, I should introduce you to a little secret we mods have been keeping from you all... don't worry, we kept it secret for one particular and very important purpose: to study unsuspecting shills.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/7iomr9b6pk271.png?width=553&format=png&auto=webp&s=96e57d4a390575613e487e76ff99d68e41c03d36)](https://preview.redd.it/7iomr9b6pk271.png?width=553&format=png&auto=webp&s=96e57d4a390575613e487e76ff99d68e41c03d36)
+
+My cat on my laptop: "I'm in."
+
+Please read this message:
+
+Greetings to all Ape-Kind! I'm [u/grungromp](https://www.reddit.com/u/grungromp/).
+
+Strap in. We've got a lot of text to get through.
+
+Back in March, some Apes who have some brain wrinkles about behavior got together with some Apes who know how to use computers real good to try and develop a method of countering the invasion of nefarious actors trying to spread FUD to our community. We contacted the mods on [r/gme](https://www.reddit.com/r/gme/) to see if the project would be of worth and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) responded with emphatic support. Upon the Great Ape Migration to [r/Superstonk](https://www.reddit.com/r/Superstonk/), she invited us to continue our work with her direct involvement here.
+
+With the behind the scenes view we were given of the sub, we've been working over the past three months to put together a system of shill detection. We wanted this to be the proverbial headshot, and needed to make sure we limited collateral damage to Apes, while also not giving shills time to adapt. We sincerely wish we'd been able to be faster about it, but we were literally generating this project from the ground up, as (to our awareness) no one has ever attempted something like this before, or even had the need to.
+
+Before we describe the project, we'd like to offer you a bit of insight into what we've been seeing with the sub over the past week to establish the need, if it hasn't already been obvious to the average Ape.
+
+The age and karma restrictions were originally put into place on [r/superstonk](https://www.reddit.com/r/superstonk/) on April 25. This prohibited comments from accounts under 30 days old, and posts from accounts under 60. We realized this meant that on May 25th, accounts that had been created on and around the day the restrictions were put in place would be able to start a massive FUD campaign.
+
+We were right.
+
+In the last week, the amount of accounts posting in the sub whom we have been able to identify as shills has increased at least 8 times. Where we were seeing 3 in 100 suspicious looking posts and accounts at times previously, over the past week that number has jumped to 24 in 100.
+
+With that in mind, we have decided that now is the moment to make our stand.
+
+We'd like to introduce you all to Satori.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/072qgrnnck271.png?width=2084&format=png&auto=webp&s=791923e8726db74fc069a80ad400717cc306b1b0)](https://preview.redd.it/072qgrnnck271.png?width=2084&format=png&auto=webp&s=791923e8726db74fc069a80ad400717cc306b1b0)
+
+Shorting shills since 2021.
+
+One of the greatest advantages the hedge funds have had over us during this entire process is the ability to manipulate the market by using technology that we don't have access to. High frequency trading and algorithms have put a pretty massive finger on the scales to tip the markets in their favor. That is why we feel that Satori is so important and could be such a boon to the Ape community. This evens the playing field, giving us the advantage of advanced technological analysis on our home court. In essence, this allows us to "Short the Shills." They have no idea that this is coming. And they are not prepared.
+
+A few points of import about Satori and it's capabilities
+
+-   As with our analysis of GME as a stock, Satori functions almost entirely with publicly available information. Every possible publicly seen feature of Reddit is included to some degree. While we do utilize some privileged information from the Moderation team, that is the extent of our data gathering. We do not have access to private chats, ip addresses, or anything that is not available to public view.
+
+-   Satori is designed to analyze every single poster in [r/Superstonk](https://www.reddit.com/r/Superstonk/) and generate a confidence interval of how likely they are to be a shill. The higher the score, the more likely the account is a shill. That information will be given to the Mods in order to inform their plans and decision making. It will not be public information. However, it is important to note that the system is designed to identify bad actors based on their actions. Just because an account hasn't posted anything shilly YET doesn't mean they never will. Therefore, a low "Shill Score™" is not considered a guarantee of Ape-ness. Do not assume that anyone posting has been granted an "all clear."
+
+-   As is the case with all human activity, shilling isn't a black and white issue. There is a chance of error on both ends, both shills that will go undetected as well as real Apes who are flagged as suspicious. It's a truth that we're aware of, and we've taken as much time as we could to be as accurate as possible. We have worked with the mod team and recommended several steps for mitigating this after implementation.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/cyfxillrgk271.png?width=953&format=png&auto=webp&s=f1983c2fbefe8b7fb1d54224ea47687d86869ba8)](https://preview.redd.it/cyfxillrgk271.png?width=953&format=png&auto=webp&s=f1983c2fbefe8b7fb1d54224ea47687d86869ba8)
+
+Satori (覚, "consciousness") in Japanese folklore are mind-reading monkey-like monsters ("yōkai") said to dwell within the mountains of Hida and Mino.
+
+-   Satori is NOT designed to detect and identify negative sentiment toward GME. It is NOT designed to shut down criticism of the stock or DD. It is NOT simply a method to amplify any echo chamber effect. Continue to doubt, research, and criticize, as has been the mantra of our community since its inception. Our only aim is to contribute to making [r/Superstonk](https://www.reddit.com/r/Superstonk/) a platform where Apes can freely discuss GME and share memes by counteracting bad actors who want to disrupt our community for nefarious purposes.
+
+-   We are aware that transparency and sharing of information is an essential part of the Ape community. However, we are not going to be revealing the specifics of our tech, nor the metrics which it uses to analyze the content of the sub. This information may come out eventually, likely post MOASS, but if we were to give specifics in order to make an appeal to the idea of transparency, we would be handing a manual to the shills on exactly how to behave to hide from our mind reading monkey machine. Please understand that Satori has been tested and vetted in hundreds of iterations to arrive at this point, and that the Mods have seen and approved of our methods and will keep oversight over every change and decision.
+
+-   We will leave it to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) and the mod group to describe the implementation process and how the technology will be utilized. But know that our team's tits are jacked to levels unheard of before at the fact that we finally get to deploy our virtual psychic primate.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/31z3goqzgk271.jpg?width=343&format=pjpg&auto=webp&s=9b77ee83ae72fca8accdb3bd9ca0c96b4ccf1829)](https://preview.redd.it/31z3goqzgk271.jpg?width=343&format=pjpg&auto=webp&s=9b77ee83ae72fca8accdb3bd9ca0c96b4ccf1829)
+
+"I see... I see... I see a lot of shadow marketing companies freaking out."
+
+While we have yet to use Satori for sweeping changes on the sub, the mod team has already utilized it at various points. In smaller instances, Satori has already been used to see and identify FUD campaigns, target suspicious users, and plan specific moves and posts within the community. While those instances have been helpful, we recognize the potential for what Satori is capable of is so much greater, and now is our time to utilize it to it's capacity.
+
+With all that new information presented to you, we do have one small request. This is brand new. There will be some bumps along the way. We've done our best to see and plan for every possible outcome, but we are aware that we will have missed some things. It will be a bit messy as we get things up and running. You have our promise that we will continue to refine our processes and do whatever is needed to ensure this community has the protection it deserves in the face of what we're dealing with.
+
+We don't mean to wax hyperbolic, but this may be one of the most powerful pieces of technology developed in history that deals specifically with community analysis and management. It's been grassroots created by Apes, for Apes, and, to our knowledge, no one else has ever developed anything like this. Apes are now in possession of an asset that gives us autonomy and power that few other online communities have ever come close to harnessing. We've taken punch after punch from the hedgies; shills, infiltrators, propaganda, media manipulation, and market manipulation. Our team could not be more proud of the way this incredible community has taken every blow and got back to our hairy, prehensile feet.
+
+But now? We have a way to counter punch. Hard. And we will do it with a nuke dropped off our rocket as we leave Earth's atmosphere on our way to the stars.
+
+In the words of Ryan Cohen: R.I.P. Dumb Asses
+
+Apes Strong Together
+
+Buy. Hodl. Vote. Fight.
+
+---
+
+Note from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**:**
+
+Satori was created and developed by a team that was largely kept private for over two months now. This team includes [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/), [u/grungromp](https://www.reddit.com/u/grungromp/), and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/). I have personally worked with them since before the [r/Superstonk](https://www.reddit.com/r/Superstonk/) migration from [r/GME](https://www.reddit.com/r/GME/), and can say they have become some of my most trusted friends.
+
+[u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) was also added awhile back as a mod to incorporate moderator-level data into the information-gathering aspects of Satori, thus allowing the mod team to talk to him directly and help provide shill data for the system. Catto has officially accepted a full-time mod role with general moderator permissions, and we are looking forward to continuing this project and fostering a deeper relationship between the Satori team and the moderator team.
+
+TL;DR: [r/Superstonk](https://www.reddit.com/r/Superstonk/) has an intelligence division.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/nechp7j0dk271.jpg?width=2400&format=pjpg&auto=webp&s=bd6ba796a7eef2dc785b89595ae5bdf855969ffd)](https://preview.redd.it/nechp7j0dk271.jpg?width=2400&format=pjpg&auto=webp&s=bd6ba796a7eef2dc785b89595ae5bdf855969ffd)
+
+Asta la vista, baby.
+
+The Plan
+
+-   Increase karma and age filters
+
+    -   Posts : 60 days / 500 karma ---> 120 days / 2000 karma
+
+        -   Accounts will need have been created earlier than February 1, 2021
+
+    -   Comments: 30 days / 250 karma ---> 60 days / 500 karma
+
+        -   Accounts will need to have been created earlier than April 1, 2021
+
+        -   Note: Superstonk Migration was April 4, 2021
+
+    -   These limits will need to scale as time progresses; until the MOASS; while we hone and implement this program for total effectiveness.
+
+    -   These limits will be implemented on June 1, 2021 sometime throughout the day.
+
+-   Activate *Satori*
+
+    -   The immediate goal of Satori is to make sure that true apes are not locked out due to the increased restrictions. However, bans are an automated capability.
+
+    -   "Mod-bots" will be added to the mod team and given approve and ban permissions, and then programmed to automate the approval or ban process via a generated list of users.
+
+    -   [u/Satori-Blue-Shell](https://www.reddit.com/u/Satori-Blue-Shell/) is currently the only mod-bot added and is actively Approving members
+
+    -   APPROVALS - All users who were created after the Blip (end of January) and are not on the high risk list of users, with be added to the Approved Users in waves. By being added as Approved Users, they will bypass the karma and age filters. This will actively allow MORE true apes to participate in the sub.
+
+    -   BANS - Mods will receive spreadsheets of high risk users, where they can approve or deny users, and then these lists will be implemented for automated implementation.
+
+-   Mods will officially now be allowed to Approve users they trust in addition to Satori
+
+    -   Previously, we did not allow approving users because we suspected some foul play associated with that. Now, however, due to the sheer volume of approvals, we feel confident that we can add this to our arsenal of methods to protect apes in [r/Superstonk](https://www.reddit.com/r/Superstonk/).
+
+-   Minimize Fallout
+
+    -   This plan prioritizes the positive aspects of Satori over the negative, and allows mod oversight on the bans process. Halting Satori is as simple as removing permissions from the mod-bot.
+
+    -   Many of you who couldn't post due to age and karma limits, will now will be able to, once added to the Approved Users list. If you are not added, please be patient, as we are currently approving in waves.
+
+    -   This will incentivize good behavior, because apes will not want to lose their approved status, or will want to earn it in the first place. Overall, we are essentially making it harder to post and comment on Superstonk, and then rewarding loyal apes with approvals that allow them to post or comment without any restrictions.
+
+    -   Therefore, I am convinced this will make [r/Superstonk](https://www.reddit.com/r/Superstonk/) a better experience for true apes, while making it a nightmare for the imposters and shills.
+
+*Please note that Satori does not have access to private chats, discords, or other private aspects of your account and it is currently limited to Reddit. We only scan publicly available content as well as what can be seen from a moderator perspective, which primarily includes removed posts and comments. We respect your privacy, and are merely utilizing the same levels of intel used against us to even the playing field.*
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/broy2hwpck271.jpg?width=750&format=pjpg&auto=webp&s=a4e50c469e37c5bb980c02927d5ed0bb10f0b761)](https://preview.redd.it/broy2hwpck271.jpg?width=750&format=pjpg&auto=webp&s=a4e50c469e37c5bb980c02927d5ed0bb10f0b761)
+
+Shillpocalypse (by u/grungromp)
+
+With two new admin-level mods to help keep oversight, and with such an incredible software creation by the Satori team, we are poised to not only defend against the constant FUD, shills, and MOASS popularity, but also to remain a secure and reliable source of knowledge sharing - forever.
+
+I don't want to say we will never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) ... but we'll never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/). Satori is the first of many projects that utilize modern technology to advance our capabilities as a subreddit. I am excited for some of the other projects already in the pipeline. Stay tuned - this is definitely as exciting as it sounds.
+
+Latest News You May Have Missed
+
+-   [Voting Information](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) - You can VOTE with your GameStop shares for the upcoming shareholder meeting on June 9th. The final deadline to vote is June 8th.
+
+-   [Official AMA Question Thread](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/) for Lucy Komisar and Wes Christian - Wednesday June 2, 2021 at 4:30 PM Eastern
+
+-   New Awards:
+
+    -   [The Superstonk Award](https://www.reddit.com/r/Superstonk/comments/nlz1ph/the_superstonk_award/) - Can be gifted by any member for 500 coins (sub receives 100 coins)
+
+    -   Moderator Award: [Not-A-Cat Golden Bananya Award](https://www.reddit.com/r/Superstonk/comments/noex1z/announcement_new_community_moderator_award/) - Can be gifted only by moderators for 1800 sub bank coins, which gives the recipient Premium (700 coins per month, plus perks.
+
+To the Moon!
+
+I hope you all had a great weekend and a great Memorial Day holiday. Let's pack our bananas and buckle up, because this rocket is starting to smell a LOT like rocket fuel. I still haven't sold a single share of $GME, and I plan to HODL until Andromeda.
+
+Let's also remember to be kind to each other. Ape not fight ape. Apes together strong!
+
+We're almost there. Let's go 🚀🚀🚀
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/za5vhcbupk271.jpg?width=3840&format=pjpg&auto=webp&s=a34e38a843f573c5b4ec4b5d615567fa7b92f81b)](https://preview.redd.it/za5vhcbupk271.jpg?width=3840&format=pjpg&auto=webp&s=a34e38a843f573c5b4ec4b5d615567fa7b92f81b)
+
+Art by YoungbloodAA
+
+TL;DR: [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) are now Full Permissions mods. Karma and Age limits are going way up, but basically Shillnet is approving users in periodic waves based on behavior over the past few months. Approved users bypass karma/age limits entirely. Sub is secured for MOASS. Pack your not-a-cat bananyas.
+
+--- 
+
+## Satori FAQs
+Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏
+
+E: spacing; potnetial->potential
+
+Q: I haven't been approved yet, does that make me a shill?
+
+A: No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.
+
+Q: What if the new bot overlords get carried away?
+
+A: I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.
+
+Q: How long will it take Satori to get through the waves of approvals?
+
+A: Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.
+
+E: > -> ?
+
+Q: Does Satori work retroactively or will it just look at the content on Superstonk moving forward?
+
+A: Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.
+
+Q: How does approval work? Do I need to do anything?
+
+A: Just sit back and relax. Approval will come automatically; no action is required.
+
+Q: Why was Satori approved without unanimous approval from the mods?
+
+A: This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.
+
+Q: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned?
+
+A: The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.
+
+Q: What sort of transparency exists between mods for how Satori is used?
+
+A: All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.
+
+Q: Will Satori continue monitoring users after they have been approved?
+
+A: Yes. Yes it will.
+
+Q: If Satori is going to be banning users, should we expect to see a drop in membership?
+
+A: This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.
+
+Q: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.?
+
+A: ~~I'm honestly not sure, but as I have mentioned in the comments, I'll speak with the dev and mod teams tomorrow and see if this is possible without spoiling the magic. Stay tuned~~. The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.
+
+Q: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)?
+
+A: ~~I'm honestly not sure. I've never had an issue with either of those factors, personally, so I never bothered to look into it. I'll update this answer once I find out from one of the more experienced mods~~. This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.
+
+Q: How do I know if I am approved?
+
+A: Apes will receive a notification saying as much.

00-Getting-Started/2021-06-04-Ape-Security-Protocols.md

@@ -0,0 +1,49 @@
+Ape Security Protocols
+======================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) | 
+
+---
+
+
+[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator.
+
+This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward.
+
+[010101ook1010011ookook](https://preview.redd.it/pcpakt2xmb371.png?width=640&format=png&auto=webp&s=02d9efc0b74e6037456174a9bb2401110736f822)
+
+Here are some tips for keeping your account secure:
+
+1.  Use an email or Google/Apple account that does not match your username. Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts.
+
+2.  [Enable TFA / 2FA (Two Factor Authentication)](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately.
+
+3.  Be very careful with messages received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward.
+
+4.  Use a [VPN service](https://www.pcmag.com/picks/the-best-vpn-services) (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts.
+
+5.  Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain.
+
+6.  If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/).
+
+Why would they target us?
+
+Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use.
+
+Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks.
+
+Please leave comments if I missed anything and I will try to make sure I see it and update this post.
+
+Let's make sure the rocket isn't sabotaged. *Moon soon.*
+
+[o7 fly safe, fellow apes](https://i.redd.it/lmov6v9mmb371.gif)
+
+Edit: [u/FordicusMaximus](https://www.reddit.com/u/FordicusMaximus/) shared [this link](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/)for additional security options.
+
+Edit 2: [u/Gremayre](https://www.reddit.com/u/Gremayre/) provided [a comic on how password strength works](https://xkcd.com/936/).
+
+Edit 3: [u/xfan10](https://www.reddit.com/u/xfan10/) shared this: Password managers should be mentioned like 1Password. You can use the password generator built inside of it. Can go up to 100 characters randomized. No need to remember it. To take it to the next level, Reddit supports Yubico/Yubikey which means you have to physically be next to the USB key to log in via finger touch. So people trying to login elsewhere will not work even if your password is 'password123'

00-Getting-Started/2021-06-06-Financial-Analyis-Crash-Course.md

@@ -0,0 +1,188 @@
+IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS
+========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JohnnyGrey](https://www.reddit.com/user/JohnnyGrey/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntriid/ignited_financial_analysis_crash_course_what_to/) | 
+
+---
+
+[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 you beautiful bastards. Since the Q1 results are right around the corner, I thought I could share some of my limited financial analysis knowledge with you. I know your tits are as jacked as your brains are smooth, so bear with me. This will be fun, I promise!
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/yie61c2ako371.jpg?width=1289&format=pjpg&auto=webp&s=d6e4b460995a0b1adf7e59a1a5f2f89d83f569f0)](https://preview.redd.it/yie61c2ako371.jpg?width=1289&format=pjpg&auto=webp&s=d6e4b460995a0b1adf7e59a1a5f2f89d83f569f0)
+
+And on we go...
+
+Let's start with the Balance Sheet.
+
+What is a Balance Sheet?
+
+Just like you take a selfie and post it on your social media, a Balance Sheet is basically a snapshot of a company at a given point in time. It shows the company's Assets, Liabilities and Equity (The relation between these three is : Assets = Liabilities + Equity). In short: What the company owns and what the company owes. Pretty simple right? That's fucking right, we got this!
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/0dsflzgmko371.jpg?width=500&format=pjpg&auto=webp&s=367a777a7394eadff953c0c8ef1e3cd4912cb5bc)](https://preview.redd.it/0dsflzgmko371.jpg?width=500&format=pjpg&auto=webp&s=367a777a7394eadff953c0c8ef1e3cd4912cb5bc)
+
+IGNITED BREAKDOWN OF THE BALANCE SHEET
+
+The Balance Sheet, as I was saying earlier, is split in the company's Assets and Liabilities + Equity. The order each of these appear in any Balance Sheet is usually: Current assets -> Non-Current assets -> Current Liabilities -> Non-Current Liabilities -> Equity. Sometimes the Equity comes before the Current and Non-Current Liabilities. It depends on the FS format.
+
+Let's see what each of these items consists of, and give a simple description for each component:
+
+Current assets - these are the most liquid assets that GameStop has. Think of them as the easiest stuff you can sell for cash $$. The current assets in the case of GS are the following:
+
+-   Cash and cash equivalents - money and stuff that can be most easily converted to money
+
+-   Restricted cash - consists primarily of bank deposits that collateralize the Company's obligations to vendors and landlords (guarantees in the form of cash)
+
+-   Receivables, net - Money that is due to GameStop from customers, from sales of goods/services
+
+-   Merchandise inventories - inventories of physical goods (games, consoles, collectibles etc.)
+
+-   Prepaid expenses and other current assets - Pretty straightforward
+
+-   Assets-held-for-sale - The Company's corporate aircraft which was sold in 2020 for $8.6M
+
+Whenever I look at current assets I am very, very interested in Cash and cash equivalents, Receivables and Inventories. Preferably, a company has little to no inventories, a lot of receivables (with a good DSO - we'll talk about this another time) and a lot of cash. Let's remember "CASH IS KING". If a company has cash, it can meet short term debt obligations or expand/transform/invest. Having money is always a good thing because it gives you the ability to continue growing, to pivot to a different business model or to survive in case of an unforeseen event (such as the COVID 19 pandemic).
+
+[](https://preview.redd.it/dv55mf61lo371.gif?format=mp4&s=67bfc499aed7e0574a6a3bd753a684ca408b5295)
+
+CASH IS KING
+
+Non-Current assets - these are assets that are not so easily converted to cash:
+
+-   Property, plant and equipment (PPT) - the loads of buildings, land and equipment that GameStop has.
+
+-   Operating lease right-of-use assets - all contracts that permit the use of an asset but do not convey ownership rights of the asset. Not sure what more to say about this, as it is not detailed in the GS Financial Statements Notes.
+
+-   Long-term restricted cash - same as the short term restricted cash, except it's corresponding to a period longer than 1 year.
+
+-   Other noncurrent assets - Pretty straightforward, not detailed in the Financial Statement notes.
+
+The main focus here for GameStop, are the large number of stores worldwide. Pretty big fucking value in the land and buildings GS owns.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/dkzlhlejlo371.png?width=1351&format=png&auto=webp&s=4d552c594da31b77f2d30c831f75251ac29a45b2)](https://preview.redd.it/dkzlhlejlo371.png?width=1351&format=png&auto=webp&s=4d552c594da31b77f2d30c831f75251ac29a45b2)
+
+They're everywhere!
+
+Current liabilities - this is the debt that GS must pay in the short term (less than 1 year):
+
+-   Accounts payable - money that GS must pay in the near future to suppliers for goods and services
+
+-   Accrued liabilities and other current liabilities - money that must be paid for goods and services corresponding to a specific period + other current liabilities not detailed in the Financials.
+
+-   Current portion of operating lease liabilities - rent that GS must pay for some HQ locations in the short term
+
+-   Short-term debt, including current portion of long-term debt, net - short term loans
+
+-   Borrowings under revolving line of credit - "The Revolver" line of credit from bank
+
+Big focus on all of these. Debt has been a big decision factor for these hedge funds to short GME (besides their greed and stupidity). From the looks of it, GS appeared to be unable to meet its short term debt repayment due to the COVID 19 pandemic. Based on this, hedgies went all in, and thought that their infinite naked shorts + MSM FUD will make this a very very safe and profitable venture. They were very wrong.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/5ujkunw1no371.jpg?width=730&format=pjpg&auto=webp&s=e641386ab575f08de06428e8ede3c2d921785935)](https://preview.redd.it/5ujkunw1no371.jpg?width=730&format=pjpg&auto=webp&s=e641386ab575f08de06428e8ede3c2d921785935)
+
+Yay!
+
+Non-Current Liabilities - this is the debt that GS must pay in the long term (period longer than 1 year):
+
+-   Long-term debt, net - These are the 2023 Senior Notes principal amounts. This is the debt that needed to be repaid by GS before they were allowed to start transforming their business or issue dividends.
+
+-   Operating lease liabilities - This is the long term rent that GS must pay for some HQ locations in the long term according to their contracts (these lease contracts are usually signed on longer periods of 5+ years for better prices)
+
+-   Other long-term liabilities - Other long term liabilities not detailed in the Financial Statements
+
+The main point from the Non-Current Liabilities is the Long term debt. We'll get to the analysis in a second. We still have one more component of the Balance Sheet to discuss.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/5m28qbggno371.png?width=750&format=png&auto=webp&s=fb69ede751eb7f1ff0e6a6acdbdc0f355aa4f6a4)](https://preview.redd.it/5m28qbggno371.png?width=750&format=png&auto=webp&s=fb69ede751eb7f1ff0e6a6acdbdc0f355aa4f6a4)
+
+So many strings attached for Senior Notes it's not even funny.
+
+Equity - This is the corporation's owners' residual claim on assets after debts have been paid.
+
+IGNITED BALANCE SHEET ANALYSIS AND 8 BALL PREDICTION
+
+Okay you beautiful bastards, you've read so far and I am really proud of you. This shit is not easy to understand on the first read, so I tried to summarize it below in a picture with colors (even though I know you can't read):
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/lzj9p4qlno371.jpg?width=1150&format=pjpg&auto=webp&s=17fd4d237b65deec63aab14de91f7e2109a59cf3)](https://preview.redd.it/lzj9p4qlno371.jpg?width=1150&format=pjpg&auto=webp&s=17fd4d237b65deec63aab14de91f7e2109a59cf3)
+
+Pretty colors make me happy!
+
+Let's get in the middle of it.
+
+In 2020 and 2021 Gamestop made a couple of god-tier fucking moves, some of them thanks to people like you and me who like the stock:
+
+-   Sold AIRPLANE (Assets held-for-sale) which means more CASH. YAY!
+
+-   Sold 3.5M shares, raising around $551M more CASH. YAY!
+
+-   Repaid 100% of all short term debt. FUCK YEAH!
+
+-   Repaid 100% of long term debt - 2023 Senior Notes principal. OMFG WHAAAAT?
+
+That's right, you amazing knowledge thirsty apes. They fucking did it. The 2023 Senior notes were basically the chains that were holding GS from fighting back against the hedgies and taking the company in a new direction:
+
+> *"The indenture governing the 2023 Senior Notes contains restrictions on the ability of us and our restricted subsidiaries to incur, assume or permit to exist additional indebtedness or guaranty obligations; declare or pay dividends or redeem or repurchase capital stock; prepay, redeem or purchase certain subordinated indebtedness; issue certain preferred stock or similar equity securities; make loans and certain investments; sell assets; incur liens; engage in transactions with affiliates; enter into agreements restricting the ability of subsidiaries to pay dividends; and engage in mergers, acquisitions and other business combinations."*
+
+Now GS is free to go wherever they please (not unlike Mundo). And they have a shitload of cash to do it, and little to no debt:
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/p52bexdsno371.jpg?width=1150&format=pjpg&auto=webp&s=f0c2561305bd6b2d3e20eeec2883cf98b1b0f7b1)](https://preview.redd.it/p52bexdsno371.jpg?width=1150&format=pjpg&auto=webp&s=f0c2561305bd6b2d3e20eeec2883cf98b1b0f7b1)
+
+I like money!
+
+These few moves deal a huge blow to liabilities and a huge boost to assets. And not just any assets, but to current assets.
+
+As I was saying earlier, current assets are the star of the show in the Balance Sheet du Soleil. CASH IS KING and GS has a lot of cash right now and no debt. This means GameStop now has a very, very good WORKING CAPITAL.
+
+Working Capital, also known as net working capital (NWC), is the difference between a company's current assets and current liabilities. So if the company has more current assets than current liabilities, then we have a positive net working capital, meaning that the company can cover short term debt. If the net working capital is negative, then the company is unable to pay all short term debt. GameStop should have a huge positive net working capital in Q1, especially since I'm sure Ryan Cohen has made some moves already, and so did you beautiful apes. I know you have been buying from your local GS since January, and I couldn't be more proud of each and every one of ya!
+
+I think we should be seeing something like this in Q1, but this is just speculation on my part:
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/cwyyjx5xno371.jpg?width=1150&format=pjpg&auto=webp&s=57733adc7fa04d9776828ee9270ca89c951c160b)](https://preview.redd.it/cwyyjx5xno371.jpg?width=1150&format=pjpg&auto=webp&s=57733adc7fa04d9776828ee9270ca89c951c160b)
+
+I mean, I'm not like an expert, like uhm, this is my opinion and stuff.
+
+I think Ryan will want to maximize inventory efficiency to compete with Amazon by offering 1-day delivery for all goods. This means a slight decrease in overall inventories on the balance sheet. This, together with the recent support from apes and publicity should boost Receivables quite a lot in Q121. GameStop, although it has a lot of money right now, might want to reduce prepaid expenses and try to maximize their DPO and get as many extended payment terms from their suppliers.
+
+This quest for inventory efficiency will most likely decrease the PPT part of the non-current assets. Multiple stores in the same area will not be needed anymore if the demand in that region is not sufficient. Sadly, as a result, some shops might be either sold or rented, which will further increase the Cash position or the Operating lease right-of-use assets position. If the locations are not GameStop's property, and are instead leased, then we could see a decrease in short term and long term rent. This is uncertain, since the contrary could be true as well... higher demand in a region or multiple regions would mean more GS stores will open to cover them.
+
+The Accounts Payable position will most likely increase as well because of all the new changes and investments being made. Perhaps Q1 is still too early to see this increase, but in Q2 and Q3 we should definitely see a rise. Same goes for accrued liabilities and other liabilities.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/3da0iw5roo371.png?width=1600&format=png&auto=webp&s=f6ed81a2f65574671f9eed3a9104458767eb4433)](https://preview.redd.it/3da0iw5roo371.png?width=1600&format=png&auto=webp&s=f6ed81a2f65574671f9eed3a9104458767eb4433)
+
+Planning to fail means failing to plan. Wait..
+
+IGNITED INCOME STATEMENT ANALYSIS
+
+So here it gets a bit tricky. Because we don't have data about net sales in Q1 (or the expenses), we won't be able to predict the numbers. But that doesn't mean we can't go through an Income Statement and understand what each element represents:
+
+Net Sales - Total sales minus discounts, returns or allowances due to defects of products. Basically, how much the company is selling. The higher the net sales, the more reach the company has and the more income it should be able to generate (at least theoretically).
+
+Cost of Sales - The cost of sales refers to what the seller has to pay in order to create the product and get it into the hands of a paying customer.
+
+Selling, general and administrative expenses - Include all everyday operating expenses of running a business that are not included in the production of goods or delivery of services. Typical SG&A items include rent, salaries, advertising and marketing expenses and distribution costs
+
+Goodwill and asset impairments - Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on financial statements exceeds its fair value. This is a bit complicated and not that important to be honest.
+
+Gain on sale of assets - A gain on sale of assets arises when an asset is sold for more than its carrying amount.
+
+Interest expense, net - An interest expense is the cost incurred by an entity for borrowed funds.
+
+Income tax (benefit) expense - Gotta pay the taxman.
+
+Net income/loss - The company's profit or loss for the quarter/year
+
+Reading the Income Statement is pretty straightforward. You start with the total sales of a company and then you start to subtract all types of costs incurred + taxes. If at the end of it, you still have a positive amount, then you just made some profit! Congrats. If the amount is negative then you have a loss. Sad panda :(
+
+In FY20, GameStop had a net loss of $215.3M, mostly due to the COVID 19 pandemic, but also because its business model was outdated and inefficient. It's really impossible to try to guess what the Q1 Income Statement will look like, so I will not speculate further. The Balance Sheet was a different story, since we had access to trustworthy information regarding sales of shares and debt repayment directly from GameStop.
+
+When the Q1 Financial Statements hit, I will try to do a full, in-depth analysis and post it here. I am by no means an expert, so please take anything I say here with a grain of salt. I appreciate any feedback you may have, and I can update my post if you want me to add something. All you have to do is comment or DM me. I am more than happy to increase my knowledge, as I am sure there are many apes smarter than me here.
+
+And remember: OOK OOK.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/4bdggyb8po371.png?width=1920&format=png&auto=webp&s=def5ccd0dcf4fa0ca03147e77c73f5b2bb2616f6)](https://preview.redd.it/4bdggyb8po371.png?width=1920&format=png&auto=webp&s=def5ccd0dcf4fa0ca03147e77c73f5b2bb2616f6)
+
+Monke see, monke do.
+
+TL;DR : Gamestop has a shitload of cash and no more short-term and long-term debt. The only material long term debt remains that from rent contracts for offices and shop locations across the US. This debt is also most likely going to decrease because of remote work as well as leasing contract terminations or re-negotiations due to an inventory efficiency update that Ryan must implement in order to be able to successfully compete with Amazon on the gaming goods and merchandise segment. The company has finished the repayment of its 2023 Senior Notes principal, leading to the metaphorical breaking of chains that were holding the company back for so long. With new leadership, a modern approach, a clear plan and a GOD TIER TEAM, as well as a global loyal customer base that likes the stock, not to mention the free publicity the brand got for the last 6 months, GameStop is now going to show these so called "ANALysts" from MSM, what real fundamentals are and just how high the price of GME can go.
+
+This is not financial advice, so don't act like it is.

00-Getting-Started/GME-Fundamentals/2021-05-25-Fundamentals-of-GME-Crayon-Series.md

@@ -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)
+
+![image](https://user-images.githubusercontent.com/82035192/119545544-ee73ab00-bd60-11eb-9a1e-d708542fe796.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545557-f3385f00-bd60-11eb-9e6d-172383551327.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545568-f7647c80-bd60-11eb-8f33-0621e8b5810d.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545579-fb909a00-bd60-11eb-8a51-be3d09ee45ae.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545598-ff242100-bd60-11eb-8794-b03bbdb832fc.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545611-03503e80-bd61-11eb-8b5f-649bc3282ea4.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545624-077c5c00-bd61-11eb-8ac4-8af356e82eb4.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545642-0b0fe300-bd61-11eb-8311-571ee50c4cb9.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545654-0ea36a00-bd61-11eb-80ab-55f3d2d3fcce.png)
+
+![image](https://user-images.githubusercontent.com/82035192/119545678-1236f100-bd61-11eb-8ba8-7056e04f05e1.png)
+
+
+
+
+
+
+
+

AMAs/Carl-Hagberg-AMA/2021-05-14-Carl-Hagberg-AMA-Transcript-Part-I.md

@@ -0,0 +1,373 @@
+🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) | 
+
+---
+
+
+[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)
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨](https://preview.redd.it/wmd6r8zx94z61.jpg?width=1432&format=pjpg&auto=webp&s=e40eb88b7cf9525252cefa4e8d270225bc00e807)](https://preview.redd.it/wmd6r8zx94z61.jpg?width=1432&format=pjpg&auto=webp&s=e40eb88b7cf9525252cefa4e8d270225bc00e807)
+
+"... And another one"
+
+_____________________________________________________________________________________________________
+
+Hello Apes! We are back to bring you another transcript/summary!
+
+Since these take a gargantuan amount of work, and there are two AMA's this week I chose to focus on just one AMA to provide a transcript for. Given the incoming proxy vote and the importance of everyone being informed about our rights with regards to this matter, I felt that Carl Hagberg's AMA was more pressing.
+
+That being said, Lucy Komisar is an absolute SUPERSTAR, and I do not want to suggest that her AMA isn't going to be a bombshell. Komisar has an absolutely amazing background. Furthermore, she is one of the only journalists actually understanding and covering our story well, [see this article](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/).
+
+With that out of the way...
+
+Carl Hagberg, you are awesome! I wish we had more time so you could have expanded more on some of your topics! This was an incredible AMA. There are so many moments in here that just get me so HYPED. This AMA was eye-opening in so many ways. Though, I believe the most important message to take from this, is that we are the catalyst...
+
+That's right Apes, you and me... and the friends we have made along the way.
+
+We are about to catalyze the collapse of this entire charade. For once the short sellers aren't going to be able to get away without repercussions... The only way out was for GameStop to go bust... and we all know that ain't happenin'. In this AMA Carl explains that the vote count is hugely important here. This is how we truly *Stop* this *Game.*
+
+_____________________________________________________________________________________________________
+
+INTRODUCTIONS
+
+-   Ato
+
+    -   Hello, hello, hello. Welcome to our third live-streamed, Superstock AMA,
+
+    -   We are so excited, I am excited-- Well, I'm stoked. I know, he's probably very excited as well let me tell you about it.
+
+    -   We have Carl Hagberg, who was referred to multiple times through Dr.T's book, joining us here today.
+
+    -   I pulled this from one of his comment letters to the SEC in 2018.
+
+        -   Carl has nearly 50 years of hands-on experience as a manager of transfer agency, proxy distribution, tabulation, solicitation, and proxy adjudication services. He has also served as an Inspector of Elections at literally hundreds and hundreds of shareholder meetings, including hundreds of proxy contests and numerous other situations. Many of these situations resulted in differences of less than 1% between approvals & disapprovals.
+
+        -   Over the past 25 years, Carl has built and managed a team that now consists of approximately 40 expert Inspectors of Elections who, collectively, have acted at well over 20,000 shareholder meetings
+
+    -   So we are talking to Dr.T's number one, go-to guy when it comes to shareholder rights and corporate governance.
+
+    -   so he has agreed to take time out of the day and talk with us about all of his experience, as much as we can cram into a 40-minute session. and explain how this is going on today and we'll talk about some examples for that.
+
+    -   So let's bring Carl on and give him some time to kind of speak to his own credentials. Car, How are you doing today?
+
+-   Carl
+
+    -   I'm doing great! Greetings everyone!
+
+    -   I'm happy to be here and I, as I told [u/Atobitt](https://www.reddit.com/u/Atobitt/), I don't recall anyone ever describing me as a retail shareholder rights advocate, but you know what, I guess I've been advocating for retail investors for 60+ years and I'm still trying to do it.
+
+    -   I'm a great believer in the power of individual investors. I have to say I'm a pretty good example of someone who's been successful at investing his own money and so, I wish more and more people would pay attention to us so maybe we can get that going.
+
+-   Ato
+
+    -   I think we're kind of preaching the same song there, that's what we're aiming to do.
+
+    -   I believe very much in this movement. Just the fact that we've been able to kind of start documenting this stuff for the past five, six months and then and then put it together into a community that is eager to get more information, has been incredible. I can't remember the last time somebody was interested this much in something finance-related or audit-related. It's unreal.
+
+TL:DR 🦍 Summary:
+
+-   Ato and Carl share greetings, Carl explains the sheer length of time he has supported retail investor's rights, especially given he too is a retail investor.
+
+-   Carl has an astonishing amount of time in this field, starting when he was just 16 years old, Carl has over 60 years of experience.
+
+-   Carl now mainly focuses on managing a team of about 40 Inspectors of Election.
+
+-   This is Dr.T's Go-To guy when it comes to matters relating to corporate elections, and shareholder's rights.
+
+_____________________________________________________________________________________________________
+
+ROBBER BARONS
+
+-   Ato
+
+    -   So, you are very much appreciated, we appreciate you coming here and giving your background on that.
+
+    -   So, if you want to go ahead and take just a couple of minutes to talk about what are some of the biggest problems that you're seeing right now, or throughout your career? Kind of, walk through the timeline of where this all started.
+
+-   Carl
+
+    -   That'd be great. I think we follow along in my career and my experience in shareholder voting and shareholders being denied votes or being somehow done out of their voting rights. The whole story of *short selling*, and of *naked short selling* and how that can deprive people of their whole investment.
+
+    -   I'll kind of take you along on my experiences along the way. So let me start way back in the beginning, I started in this industry, when I was 16 I was a college dropout.
+
+    -   I eventually got my master's and my BA, but all paid for by my employer, which was nice, but at the time, I was too young for college so off I went to the stock transfer department of Manufacturers Trust Company.
+
+    -   it was before they merged even with the Hanover bank, and we were a transfer agent, and we were Trust Company, and so I was in a unit that was in charge of keeping the books were publicly traded companies both their stocks and their bonds,
+
+    -   and in those days, virtually all of the major transfer agents were trust companies, and there was a reason behind that. There have been a lot of scandalous and ruinous things that had been done when companies were left to keep their own books. Okay? And so, the first rule of being in a trust division was the customer came first and, and we owed our duty, first and foremost, to our customers who were public companies and their stockholders, but the second rule was the debits and the credits, always had to be equal,
+
+    -   In the *bad* old days, about half of the 20th century. When we had the robber barons, when they needed some extra money, they would print up some new stock certificates and sell them into the market, but instead of putting the money into the companies, they would keep it for themselves, which is why they would call them Robber Barons.
+
+    -   But then, the SEC was formed and said *we have to stop doing this, we have to make sure that the debits equal the credits* unless you made a public offering and told people what you were selling and how much you wanted to get for it, and then made sure that the money was plowed back into the enterprise itself.
+
+    -   So that's what we did is it as a Trust Company. In those days, as well, 70% of all shares in US companies were owned by individual investors, (editor's note: WOW) - most of them were rich by the way.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨](https://preview.redd.it/4j0a959ya4z61.jpg?width=577&format=pjpg&auto=webp&s=253691359446b7d16a52480317c160d9645bf869)](https://preview.redd.it/4j0a959ya4z61.jpg?width=577&format=pjpg&auto=webp&s=253691359446b7d16a52480317c160d9645bf869)
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that he was a 'college dropout' but worked his way towards a masters' degree paid for by his employers.
+
+-   Too young for college, Carl made his way to the Manufacturer's Trust Company, where he excelled with his knowledge of long division.
+
+-   Carl states at that time, most companies that dealt with stocks and bonds were 'trust companies' i.e. a specific company that acts as a fiduciary, trustee or agent of trusts and agencies.
+
+-   This was the case owing to companies doing... *questionable* things with their own books when left to do it themselves.
+
+-   Carl lays out two rules for Trust Companies:
+
+    -   1\. Customers and stockholders come first.
+
+    -   2\. Debits and Credits *MUST* be equal.
+
+-   Why? In the time of the 'Robber Barons', ".*..when they needed some extra money, they would print up some new stock certificates and sell them into the market*" Sounds like naked-short sellers are just the new Robber Barons
+
+-   Finally, a trust company's purpose was to ensure money gained from issued shares was put back into the company, and at that time, retail owned *70%* of stocks.
+
+_____________________________________________________________________________________________________
+
+THE PAPERWORK CRISIS - A BIG MESS
+
+-   Carl
+
+    -   It wasn't like a mass democracy. But suddenly, share ownership got democratized.
+
+    -   Somewhere in about the late 50s, early 60s Merrill Lynch had a big campaign "*own your share in America*".
+
+    -   Millions and millions of people took up this idea, and started to buy shares in American companies and started to do very well because, as we know, when there are lots of eager buyers *that makes prices go up*, so everyone started to do quite well.
+
+    -   And then, around 1958 or 59. We had what was called the Paperwork Crisis.
+
+    -   The stock exchanges had to shut down early, they closed every Wednesday when normally they would have been open. *They couldn't keep up with all the paperwork*, in those days there were no computers. They didn't even have handheld calculators until about the late 70s
+
+    -   So anyway, we were working around the clock mandatory overtime working Saturday Sundays to try to keep up with the paperwork and a number of brokerage firms failed because they couldn't balance their books and they couldn't keep track of the money that they couldn't collect money that was due them.
+
+    -   *So it was a big mess*.
+
+    -   So in the next little phase of my career, I was present at the birth of the Depository Trust Company. I had been sort of seconded over by my company to what was called BASIC, the Banking and Securities Industry Committee.
+
+    -   Walter Wriston was there, chairman of JPMorgan Chase, and the Bankers Trust and of the stock exchanges, because they realized, if they couldn't get control of this paperwork mess, the Fed would take them over the way they run the market for Treasury securities
+
+    -   So, they are pulled out of a very profitable business, they said we've got to straighten this thing out.
+
+    -   So, five other colleagues and I, realized that we were the 'leg' men, who would go and take surveys and talk to people and try to work on solutions and then write position papers and argue them out.
+
+    -   The banks and brokers, basically hated each other and they didn't really want to do business with each other, but they had to. So that was that.
+
+    -   Pretty quickly-- Within a matter of two years, the paperwork crisis got solved, the volumes were still high. By having a securities depository, and computers (which were brand new). They enabled people to cope with all of this paperwork and substitute bookkeeping, you know accounting entries for paper. And so it was quite a success.
+
+TL:DR 🦍 Summary:
+
+-   At some point, share ownership became democratized (i.e. made accessible) to everyone, likely pushed by Merryl Lynch campaigns, and stonks went up with the increase in volume.
+
+-   Problem? Paperwork crisis. Put simply, shares were traded by paper and the stock exchanges literally could *not keep up***. They didn't even have handheld calculators, much less computers, so brokerage firms failed** *en masse***. As Carl puts it? It was a big mess.**
+
+-   In order to solve the 'paper crisis', Carl and 'leg men' like him went out, took surveys, and tried to find solutions.
+
+-   The above together with the advent of computing, and the birth of the securities depository, resolved the crisis within 2 years. (Thanks Carl!)
+
+_____________________________________________________________________________________________________
+
+THE GOOD, THE BAD, AND THE UGLY
+
+-   Carl
+
+    -   Throughout that whole time, I had always been involved in shareholder meetings, I started going when I was 16 or 17.
+
+    -   It was because I knew long division, since all they had were those mechanical handheld calculators that weighed about 80 pounds, and you know, made *a lot* of noise, interrupting the meeting. But, since I could do long division they let me come, so I've been going to shareholder meetings since I was a kid. You see the good, bad, and the ugly. One of my greatest lessons was when you saw a management that was really really good. *Consider investing***.**
+
+    -   When you see management, the CEO was a stinker, that he wasn't nice to his staff, that the staff didn't really like him... (and believe me, I saw plenty) If you have *that* stock, sell it quickly, but anyway let's keep going.
+
+-   Ato
+
+    -   Yeah, that's a really good point, the number of people that are able to own shares and have influence over a company through this shareholder, into the lending of shares and buying of shares.... The prevalence of that speaks volumes to our situation, so getting that direct experience is awesome.
+
+-   Carl
+
+    -   There had always been some short-sellers as long as I can remember that had been short-sellers, and most of them were opportunists, you know, and they were literally vulture capitalists. They would move in on companies that were sort of weak and then try to drive them down to zero.
+
+    -   You know, so they could sell while there was still some life in them, and then buy them back... or not even have to buy them back.
+
+TL:DR 🦍 Summary:
+
+-   Through this wealth of experience, Carl saw the good, bad, and the ugly in boardrooms, and learned to invest where he saw good.
+
+-   Carl clarifies the issue of short-sellers, or *vulture capitalists* is an issue long faced in the industry.
+
+-   Carl
+
+    -   So, there was only some of this, but it was never a major thing until sometime in the 90s
+
+    -   Shortly after, I left the bank, Chemical Bank, and so I stayed there a year. I then deployed my tin parachute to go off on my own.
+
+    -   I started a business where I consulted with companies mainly about their retail ownership programs because it costs a lot of money to have retail holders, in those days especially, everything was paper-based.
+
+    -   Then I published a newsletter, where I would try to sniff out problems within the industry that needed that work, and I still do. Then, I started my inspector of election business, but back then it was on a small scale.
+
+    -   Now, it's a lot bigger, because as we've discovered there's a lot of Hanky Panky going on out there!
+
+    -   Okay, so that's what I did. About that very same time, I started getting calls from clients from colleagues from other transfer agents saying
+
+        -   There's something radically wrong here. We had our shareholder meeting, and we have a million shares outstanding, and we got votes of a million and a half shares**. What is going on?**
+
+    -   Well, what indeed?
+
+    -   It was because of short selling, you don't even have to have naked short selling.
+
+    -   I'll try to explain in very simple terms how this actually happens, that you have a meeting, and there are 50% more votes than there are shares outstanding, and if you subtract the ones that are held by the management and by long term mutual funds. It's really more like three times the number of shares that are held by real people!
+
+-   Ato
+
+    -   The float.
+
+-   Carl
+
+    -   Yup, the float, That's right.
+
+    -   So we were trying to get to the bottom of this, and we were trying to figure out,
+
+        -   *Well, how do you stop this?* , but more important for the given meeting,
+
+        -   *How do you reconcile this?*
+
+    -   Well, the fact of the matter is, even when you're not 'naked' when you borrow the shares and say okay I've set some shares aside, the Lender He keeps his vote, he's still the owner, okay? He's only lent them.
+
+    -   It's like if I lent you a shovel, I'm still the owner.
+
+    -   and... I still get my voting rights. Meanwhile, if a short-seller actually *sells*... Well, the law of economics says that you cannot have a seller, without a buyer.
+
+    -   So, the short seller sells, then the buyer also gets ownership too! On another set of books.
+
+    -   And so what has happened-- well, you say, *Alright, I'm going to repay you the loan.* Where you now have to go into the market to buy the shares and close the deal... You've got, what are known as, Phantom Shares.
+
+    -   So, when you have an excess of sellers, as we've seen in GameStop stock, and, you have a finite universe of buyers, the debits don't equal the credits anymore. Okay.
+
+    -   Sometimes the votes are two-and-a-half or three times than the shares that are officially outstanding.
+
+    -   This is a *very bad thing*.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains when he was a young boy (not in Bulgaria) he had been a part of shareholder meetings and can spot a good and bad CEO.
+
+-   Carl goes on to explain that the issue of short selling has been going on for years and years, such that even good companies having even a 'bad year' could be shorted out of existence.
+
+-   Carl then used his position and experience to create his own company and many clients were then asking, how is it possible 150% of my shares have voted?
+
+-   How? Short selling and *naked* short selling.
+
+-   Carl explains that even in non 'naked' short-selling situations, both the lender and buyer have voting rights, which leads to an increase above the total percentage of stockholders voting in an AGM.
+
+-   When the sellers vastly outweigh the buyers, you have people trading in 'phantom shares' such that the sellers and buyers *do not match* the total stock, or float as we all well know.
+
+_____________________________________________________________________________________________________
+
+INFINITE LIQUIDITY CHEAT CODE
+
+-   Carl
+
+    -   Sometimes (and people are doing this quite often) they're doing this with malice and forethought. They're looking to drive the company down to zero. Or they can short sell at $50 And they drive the price down to $1 or $2.
+
+    -   When you have unfettered securities lending, okay, and people can just keep lending to you and you can keep doing more deals and sending more shares to buyers, you've diluted the voting power and you've diluted the apparent liquidity for the stock,
+
+    -   Because what you have is infinite liquidity. You can just keep borrowing more, and you can borrow against what you borrowed.
+
+-   Ato
+
+    -   I just want to, kind of, drill that home. That is the *exact* thing we are seeing right now.
+
+    -   The situation where the attempt (and what we'll talk about this in a little bit) is, for an institution, to short sell a company into oblivion and trigger this criticism or unfavorable position amongst retail owners, to then *abandon* their position, take the loss to where these eventually get completely closed out. So, they don't have that obligation as they do now, where you have so many shareholders that are still holding through all these time periods it's just drying up the volume and the liquidity that is being traded daily right now.
+
+-   Carl
+
+    -   Right. And so around that time when this was so *clearly* out of control-- I have to hand it to the then CEO of overstock.com. That's how I met Dr. T and how I met West Christian**(who will be on next week if I am not mistaken(Editor's Note: He's not mistaken))** who's a prominent, highly successful lawyer, in this field.
+
+    -   We were all outraged and it's like wait a minute, how can this possibly be going on. And by the way, there's another element here too, is the short seller-- sometimes they actually have this belief that the company is just a bag of feathers, you know what I mean?
+
+    -   But sometimes, they just exercise their First Amendment rights and spread rumors, and then when you see the stock prices go down, the rumors seem to be true, and people act as if they are true and that's how stocks get to zero.
+
+    -   So, Overstock and Wes really were... I don't know what the right thing is... (editor's note: *pathfinders*) let's just say it was an important inflection point to say, *this can't go on here, this is just not right, it's not just it's not legal, it's not ethical,*
+
+TL:DR 🦍 Summary:
+
+-   Unfettered securities lending is a very problematic thing. A system such as this allows for what can essentially be described as "Infinite Liquidity" meaning they can just *borrow again, and again, what was already borrowed before***.**
+
+-   Further to the last point, these problematic securities lending practices lead to dilution of not only the value of the securities in question but also their voting power as well.
+
+-   Ato reflects that borrowing against borrowing (read: hypothecation) is exactly what is going on with GME right now.
+
+-   Carl agrees and goes on to state the then CEO of Overstock and Wes Christian led the way in exposing this behavior.
+
+-   Carl then goes on to state that sometimes short-sellers *genuinely believe* a company will go bust, but other times, rumors would spread which, taken together with a fall in stock price, would *seem true***, even if it wasn't.**
+
+-   Carl, Ato and the mods agree such behavior is unethical and illegal.
+
+_____________________________________________________________________________________________________
+
+SUPPLY AND DEMAND, OUT THE WINDOW
+
+-   Carl
+
+    -   I personally knew many companies that folded, not just because their share price dropped. but when it dropped they couldn't borrow any money, and then they could certainly couldn't sell any more stock and their credit rating was ruined,
+
+    -   Before you know it, good businesses literally have to fold, they just went bankrupt. They couldn't fund their businesses anymore.
+
+    -   So, the SEC started to pay a little bit of attention. But I must tell you, this is back in 2000, in the early 2000s mid-2000s, and from that time till now, they have a terrible, terrible, terrible record here.
+
+    -   So, they did pass a regulation, Reg SHO, and it actually put a bandaid over things, then the market started to simmer down... a little bit anyway. I think mainly for other reasons, but they put this band-aid over, and it kind of quieted down for a bit.
+
+    -   Okay, then lo and behold, came the financial crash of 2008/ 2009, when we saw short-sellers *again*, reaping tremendous profits. And then guess what! There *were* instances where many of these firms were destined for failure, but they were being pushed down the drain, twice as fast by everyone giving up on them and selling, and selling short.
+
+    -   So the SEC kind of woke up again, and said, Oh, maybe we need to look again, I have this little thing, it'll take only a minute to read it. They published this big thing here, and it was a Report of the Office of Inspector General of the Office of Audit of the SEC, And so here is what that here's what it said in the middle *and they made 11 recommendations* by the way. So, toward the middle it says:
+
+        -   *As we have stated on several prior occasions, (which is an understatement). We are concerned about the negative effect that failures to deliver may have on markets and shareholders. In addition, issuers and investors have repeatedly expressed concerns about failures to deliver in connection with manipulative," Naked" short selling. To the extent that fails to deliver might be part of manipulative Naked short selling, which could be used as a tool to drive down a company's stock price such fails to deliver may undermine the confidence of investors,*
+
+    -   which by the way, the understatement of the year,
+
+        -   *unwanted reputational damage caused by fails-to-deliver might have an adverse impact on the securities price.*
+
+    -   Oh? Don't you read the newspapers? (/s)
+
+    -   Well, anyway so that's what they put out. So then they included 11 recommendations for the SEC to consider. Basically, it was to try to detect things early, get complaints early they were mainly ignoring them, and then follow up on the complaints.
+
+    -   Well, lo and behold, after all of this, only one of the 11 recommendations was adopted.
+
+    -   Almost all over the next few years, almost all of the temporary regulations they had put into effect around the time of financial crisis ('08), they'd all lapsed too.
+
+    -   And Dr.T, who saw this with her own eyes, she saw the effect that was happening in the business world was businesses were adopting new audit standards and they called them *Risk Based Standards*, and it was you judge the risk by the dollar amounts, that's outstanding.
+
+    -   Well that's not really a bad idea... except... as Dr.T said, when the stocks keep falling, falling, falling, they're like problem 1 million on your list of problems.
+
+    -   you decide which problems need attention by the size of the outstanding share value, and so they weren't cutting the mustard and no one was paying any attention.
+
+    -   So, we went along... until the latest round that we're seeing now, where GameStop stock (and there were probably three or four other companies), where people were selling shares, and they were what I call Phantom Shares outstanding, and Phantom votes.
+
+    -   *Except*... those, those phantom votes work really well, that is, if you were lucky enough to get your vote cast. So, that continued along until pretty recently-- actually, through until the present.
+
+    -   So let's see, what's wrong with naked short selling? I hope I kind of made this clear, they create an economic dislocation, *to put it kindly*. and they basically by providing unlimited liquidity, they basically take the most basic law of supply and demand, and they throw it out the window
+
+    -   because now suddenly supply of shares is unlimited, and demand is kind of sketchy... *especially* if you're spreading rumors that might be kind of sketchy too. (Editor's note: Sound Familiar?)
+
+    -   So, that is the biggest problem with this, and the Phantom shares themselves.
+
+    -   Everyone kind of knows, y'know? You go to the supermarket, you don't have to count the carrots in the apples to know what's in demand and what's not and what looks like a good product and what doesn't. But, when you have this many more shares floating out there, it distorts the market.
+
+    -   The other thing is... Well... this is basically it; until the trade is settled by delivering the security so that that can be canceled so that the debits equal the credits, you're going to have this continue.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the issues raised here were noticed by the SEC and have been for some time, *except they have a terrible track record of doing anything about it***.**
+
+-   Not even *their own report,* which detailed actionable steps *from their Office of Audit* was followed and put into practice. Oh, except 1 of *11***.**
+
+-   What's worse is that temporary regulations, like bandaids on a leaky pipe, fell off and nothing concrete was ever put in place to prevent this from happening.
+
+-   Further, these issues and problems never truly saw the light of day as the *investigations were based on dollar values***. What does short selling do?** *Decreases the price and therefore, so decreases the chances of investigation and notice***.**
+
+-   Allowing naked short selling throws the laws of supply and demand out the window.
+
+-   The only way Carl sees the problem can be resolved is to have debits and credits equal to one another, or this will just keep continuing.

AMAs/Carl-Hagberg-AMA/2021-05-14-Carl-Hagberg-AMA-Transcript-Part-II.md

@@ -0,0 +1,420 @@
+🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nceapj/carl_hagberg_ama_transcriptsummary_22/) | 
+
+---
+
+
+[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)
+
+This is Part 2, See comments for [Part 1](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/)
+
+_____________________________________________________________________
+
+WHOSE VOTE IS IT ANYWAY
+
+-   Carl
+
+    -   let's just say, both the lender and the buyer end up having voting rights, right. And so there are a couple of problems. One is, no one knows this, most of the time unless their custodial bank or broker goes to vote over 100% And most of the time, no one ever goes over 100 in a good year 70% Of all the shares. Maybe 80% will be voted 20% will never get voted, so unless you go over that 100% number at a particular bank or a particular broker, no one is ever the wiser. Okay, then more of these votes have been cast.
+
+    -   There was a famous incident that was one of the most contested mergers of all times, it was the HP Compaq thing,
+
+    -   and institutional investors who were dead set against this merger they thought it was a horrible deal, which I believe turned out to be discussed discovered that because they had lent their shares their vote didn't count in, and in fact, the people who borrow the shares their vote carried the day.
+
+    -   And so it wasn't economically right it wasn't morally right, But that's what was happening. Okay. And then, so sometimes, of course, they have to somehow come up with the right numbers. And so they go back to the banks and brokers and say well look you voted a million and you only have 500,000 Please set up straight. And so this reconciliation takes place in a dark room somewhere. No one ever explains how they did it, and they're not obliged to explain, but somehow, in the end, it comes right.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that it is very rare that votes ever exceed 100%, so often the issue of short/naked short selling rarely comes up. Wonder what happens when it does?
+
+-   Carl then explains a famous merger happened on the basis that those who lent their shares became unable to vote on the basis they lent their shares and in fact, *those they lent succeeded in making a horrible deal***.**
+
+-   Carl then goes on to explain somehow, when this does happen, it gets 'straightened out' and no one understands how.
+
+_____________________________________________________________________________________________________
+
+MONSTER MONEY
+
+-   Ato
+
+    -   So we've got about 10 minutes. I'm loving the information that you're throwing out but I do want to tie some of this into some of the things that we're talking about here. I know I can sit here and I can listen to what you're saying, all day,
+
+    -   Finding that common ground where we understand that this position this is happening right you're explaining it this is happening and how we're leading it to today where you and I both talked on the phone last week talking about that current position in Gamestop and having, you know 140% flow versus being mathematically impossible to kind of escape that
+
+-   Carl
+
+    -   Exactly right and that the reconciliation takes place unbeknownst or unscrutinized by any regulatory authority or anybody at all.
+
+    -   And then comes the last part, and this should be close to the heart of Gamestop owners, and that is that institutional investors, by the way, big pension funds or big mutual funds, make monster money, enormous amounts of money by lending shares to the people who want to sell short.
+
+    -   So, let's say I have a brokerage account, if I have signed a margin agreement-- I signed to allow my account to be a margin account. They can lend my shares to anybody, make money, unbeknownst to me, I lose my vote because the disclosure is really very, very poor. I hear that some Gamestop owners have been finding... *Where's my proxy?! Where's my annual report?!*
+
+    -   Now, they got canceled out. because they happen to have a margin account. *Regardless* of the fact that they may not have had a penny in margin loans, but they had signed an agreement that allows the bank or broker to vote and to lend their shares.
+
+    -   They don't even get a penny of compensation. So, the agent is making millions and millions of dollars, individual investors who are in the dark about this, they're not even discovering it. Most times you don't know you didn't get a vote.
+
+    -   Now with Gamestop because the imbalance is so big, people are asking *where's my vote* and if you have a margin account you often don't get a vote, or, no, *you missed the day you missed the magic day you don't get a vote.* And so that is one of the worst,
+
+    -   Now I have my very last of the worst. And I was very happy to see that the interim SEC chair woman, Alison Heron Lee
+
+    -   She was the interim Chair, and she's still an SEC Commissioner. While Gensler hadn't been confirmed yet, the instructed staff to look into mutual fund voting because mutual funds are often like non-voting, or they're giving the vote to somebody who's voting against their very own positions. And mutual funds, many of them, are deciding that shareholder votes do indeed have value.
+
+    -   Whether they're economic proposals or social proposals or environmental proposals, your vote on these proposals has a value of its own.
+
+    -   *And* companies that are good citizens, create more value than companies who are scoundrels. So now, Alison Herron Lee, God bless her, she said,
+
+        -   *We need to study, we need greater disclosure as to what mutual funds are doing with their shares, are they lending them to third parties who are voting, in many cases against the positions that they uphold?*
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the game for institutions and mutual funds is to make millions by lending shares out any which way you can, including allowing retail investors to enter agreements to allow them to do so without providing much obvious notice.
+
+-   Carl
+
+    -   By the way, these mutual funds are fiduciaries, as I was back in my days as a banker, and our duty is to our clients, to the shareholders. Okay, and not to the almighty dollar. Those are the issues that I think are in front of us now.
+
+    -   I'm really pleased to see so many Gamestop owners are stepping up and asking hard questions,
+
+    -   And I'm sure that, based on the numbers I've been hearing, that come to their meeting, there's going to be significant, over-voting.
+
+    -   That is unless people spend hours and hours ahead of time in their dark, back offices trying to reconcile this before the day of the meeting. /s
+
+-   Ato
+
+    -   I mean... wow... okay, so I have, I have a lot there I want to address with you.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the game for institutions and mutual funds is to make millions by lending shares out any which way you can. Including, allowing retail investors to enter agreements without being super to allow them to do so without providing much in the way of *obvious* notice.
+
+_____________________________________________________________________________________________________
+
+MATHEMATICAL IMPOSSIBILITIES
+
+-   Ato
+
+    -   One of the biggest things, I think, are the numbers that you were talking about they're the things that are evidence of naked short selling.
+
+    -   Dr.T was mentioning in her AMA, one of these places that you can kind of see the evidence of naked short selling, bubble up is in the shareholder meeting.
+
+    -   Which you've talked about, I mean, obviously this is a pervasive issue.
+
+    -   I'd like to kind of start walking through some of those numbers that we sent to you for review and then talk about some of the effects of this upcoming vote and the significance of *potentially* being the first company in a very long time (if not ever) to have this vote where you're seeing, potentially hundreds of percentages above what was possible.
+
+    -   On that note, because we have about eight minutes Are you okay going a little bit over?
+
+-   Carl
+
+    -   Yeah, that's fine!
+
+-   Ato
+
+    -   Okay, good. Thanks, I appreciate everything that you just talked about, I really do. I don't want to have to cut off the rest of this.
+
+    -   I have people who are wanting to know-- institutional shareholders, international shareholders... we've got questions. for them people that are having issues finding their control numbers, for example.
+
+    -   I know Dr. T was stressing the issue, the importance of that for being able to get their voice out. So yeah, if you don't mind, that would be great if we could take a few extra minutes.
+
+    -   So let's do that!
+
+    -   You point out in your 2019 comment letter to the SEC, where you're talking about these huge implications and how pervasive this issue is, and one thing that stands out to me was this concept of over-voting.
+
+    -   What you just described. Not just through *naked* short selling, but through short selling, and so that has kind of led up to this position where we're at today.
+
+    -   we have the run-up 2019 along with the narrative people are able to spin through media, like you talked about-- *that GameStop is the next blockbuster,* so to speak
+
+    -   so there was this huge downward pressure on GameStop for years, and even in 2019 this was a heavily shorted stock, and a lot of people caught on to that.
+
+    -   And so the run-up in the beginning of 2021, when we got into January, was where we started to see this tremendous share volume coming out. The biggest red flag, I think, for most people in this subreddit, was the total reported shares outstanding.
+
+    -   At the end of 2020, including restricted shares, (those internal shares that are being held by insiders) was about 69 million shares.
+
+    -   And so when we see a period of 17 days, from January 13th through the 5th of February, where average daily trading volume is 88 million, and the peak during that was 197 million, totaling 1.5 billion shares exchanged over 17 days. Does that not scream naked short selling to you?
+
+-   Carl
+
+    -   Oh, absolutely. It's mathematically impossible for this to happen, except for the fact that it's not just the "Naked" part that is important to focus on... it's important to focus on short selling, itself. When you allow people to keep reselling these imaginary shares to make these loans, y'know?
+
+    -   If I lend you a shovel, you've got my shovel, but I lend you stock, you don't just have my stock, you have a voting right. And you get a credit somewhere, but you don't really have my stock, you know what I mean?
+
+    -   So, in other words, it's mathematically impossible to have trading volumes like this.
+
+    -   what it's done, it's pumped in this infinite supply of shares that can get bought by somebody, you know, albeit at lower prices, so yes, this is a problem in itself. There's no way around it, it's not a mystery. Okay, the numbers are clear, they are what they are.
+
+    -   So I think the real thing will be, what happens when the meeting convenes? And... *It could be* that people are feverishly working in their backrooms, to try to cook the books.
+
+    -   Trying to deprive enough people of voting their shares that you won't see them anymore. So... that could be one thing...
+
+    -   So we'll see what happens when the Annual Meeting convenes.
+
+    -   If there aren't more votes present than there are shares, I'll eat my hat.
+
+    -   It's almost impossible to fix this, even in the darkest of dark back rooms. So that's, that's probably problem number one. The other thing I would say, as I, as I alluded to this is getting, thanks to retail investors, it's getting attention.
+
+TL:DR 🦍 Summary:
+
+-   The vote count is the missing piece of this puzzle as of now.
+
+-   Carl essentially confirms that it seems mathematically impossible that the shorts have covered.
+
+-   He goes on to stress how difficult it would be for the bad actors in this situation, to reconcile the votes prior to the meeting.\
+    _____________________________________________________________________________________________________
+
+WE NEED A GOOD PLUMBER
+
+-   Carl
+
+    -   So there have been some hearings. I was really happy with what Allison Lee did, and I'm very encouraged by Gary Gensler, he is a man with tremendous integrity, not to say that our former commissioners didn't have integrity, but Gensler gets it. He's got a mathematical mind, he understands systems.
+
+    -   For all these 40 years that I've been writing about this, people have kept their heads in the sand and they've been willfully blind or willfully unwilling to dig into what they call *proxy plumbing.*
+
+    -   I always thought plumbing is a good thing, but for 40 years, plumbing for us has been a bad thing. It hasn't been so good. It's had a lot of "smelly overflows", so to speak. So, I do think that there's some momentum, now, at the FCC, and from the public, and even in Congress a little bit.
+
+    -   And so hopefully we'll see some progress made on this.
+
+-   Ato
+
+    -   I know that you were talking about Gensler pushing for a lot of this reformation back in 2008 as well, so he's been championing this cause for quite some time.
+
+    -   That encouraged me when I heard him in that committee meeting, just recently. It seemed like he was nailing these on the head, and the difference between what we've had, versus what we need... is that action.
+
+-   Carl
+
+    -   Yeah.
+
+-   Ato
+
+    -   And so, it's getting to where this community is growing so big, that we are just a handshake away from Gary Gensler. I mean we have the data we have the numbers, this is what the people are wanting, are these answers.
+
+    -   We're putting forth the evidence that this is happening, we have the experts like you, and Dr. T, that are in the field and Wes Christian.
+
+    -   So, I'm glad to see that you're excited about it because I really do think that this is the time for change.
+
+-   Carl
+
+    -   Right! Let's hope so. As I say, it's time, we need a good plumber, we never had a good plumber.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨](https://preview.redd.it/2364vij5g4z61.jpg?width=820&format=pjpg&auto=webp&s=04d2da4df98a22e00ce75e35e84c40def7983832)](https://preview.redd.it/2364vij5g4z61.jpg?width=820&format=pjpg&auto=webp&s=04d2da4df98a22e00ce75e35e84c40def7983832)
+
+Thanks for this u/pinkcatsonacid
+
+-   Carl
+
+    -   Most of our regulators, in my opinion, they are the regulated, they're made up of the very people who are being regulated, the ones who are making billions of dollars in these deals.
+
+    -   You can imagine, I tried to explain to them... They shut their ears. they're willfully deaf, dumb, and blind to all this. So we need somebody who says,
+
+        -   *I think this problem has become big enough that you can't ignore it, let's talk about the elephant in the room. You can't ignore this elephant anymore*
+
+    -   The SEC knew this was wrong in 2009 when the inspector general told them, but they did nothing about it... fortunately, for them, markets got a little quiet and that went away, but then it comes back, and that's the way it will be.
+
+    -   So in any event... So, I had asked you, make sure that I get my point across, which is; *how do we solve this*. We need to figure out how to solve this.
+
+    -   The first thing is, there needs to be a pre-reconciliation. People should never get a proxy unless they are holders in due course, and people who are not, should not be getting proxy materials. But it needs to be a valid-- legitimate reconciliation, and that's very hard to do.
+
+    -   when you sell the same *banana* 158 billion times, and you only have 72 million bananas... reconciling This is not an easy thing to do.
+
+-   Ato
+
+    -   Bananas.. Hahaha
+
+-   Carl
+
+    -   So in order to really solve anything... It's sort of after the fact, you know, you clean up you throw something over it
+
+    -   The next thing though that can and should be done is to force lenders to recall their shares before the Annual Meeting record date comes along.
+
+    -   That's where the mutual funds and the big pension funds come in... They really do have a fiduciary duty to recall their shares so they can vote on it themselves. There are no two ways about that.
+
+    -   So, that would help, big time. Although again, the numbers are so big, it's like *hmmm, I got to start a year in advance* *to get my shares back*.
+
+    -   The other thing is, I feel that brokers should be prohibited from lending shares that belong to individual investors, without better disclosure. Full disclosure would be,
+
+        -   *oh I can lend your shares and I can make a lot of money doing it anytime I want. And by the way, I owe you nothing, and you can't protest.*
+
+    -   This is not ethical-- it's not correct. People need to be told no, you cannot be doing this.
+
+    -   Maybe, if somebody is stupid enough to say,
+
+        -   *yes, okay I'll let you do this, take my shares, take my votes, take the money and give me none...*
+
+    -   ... Well, God bless.
+
+    -   but, if you make decent disclosure mandatory, I don't think this will be lasting very long. But, bear in mind this is a multi billion dollar source of revenue to banks and brokers and custodians and middlemen... and to the mutual funds themselves.
+
+    -   Okay, so the next thing, and Dr. T said this as well, and I think this is what's going to happen in the Eurozone.
+
+        -   That is to say, *we'll give you up to five days. You're supposed to settle your debts, settle your accounts where the debits and credits end up equal within two days of the trade.*
+
+        -   *well all right we'll cut a little slack but within five days of the trade. If there was short interest, it needs to be bought in period, so that the debits equal the credits, and the votes equal shares outstanding.*
+
+    -   That's the only real solution... otherwise, people will continue the game for another 60 years.
+
+    -   So... Maybe I am looking at the world through rose-colored glasses... but people like Gamestop holders should keep on doing what they're doing, realize that votes have value.
+
+    -   They had real value. This was a stock that was fast going down to tubes until they said,
+
+        -   *No, I don't believe all these things and I don't think this is a company that is going down or should be going down the tubes,*
+
+    -   But, they need to raise their voices, they need to speak up to the regulators. And, They absolutely need, especially this year, to try to cast their votes. and when they don't cast their votes, ask their intermediary, and then publish the crazy stories that they get back as to why they're not entitled to vote.
+
+    -   They paid their money and they're on the books as stockholders. Why did they not get their vote? And if you keep going like that. I think we will force a solution
+
+TL:DR 🦍 Summary:
+
+-   Carl states he is hopeful that we will see change with Gary Gensler taking the lead. Going on to say we need a so-called "Plumber" for this system, someone to do some real work on this messy system.
+
+-   Carl touches on a similar topic to what Dr.T was talking about, with regards to legislation being worked on in the "Eurozone" that could really bring forth material change.
+
+-   Voting and being outspoken is the best way to force a solution here, and if you cannot vote, find out why from your broker, because as a shareholder, who has entrusted your money with this company, IT IS YOUR RIGHT. _____________________________________________________________________________________________________
+
+FOREIGN VOTING
+
+-   Ato
+
+    -   Can I ask one more question?
+
+-   Carl
+
+    -   Of course!
+
+-   Ato
+
+    -   So, several foreign investors, non-US investors, are holding potentially millions of shares here. They're receiving excuses from their brokers like you were saying,
+
+        -   *you just have no involvement,* or *we don't have the voting rights for you.*
+
+    -   So how can they go about this? Is there something where they can tell their brokers, *I know I have voting rights* and fight this? or how can we help them?
+
+-   Carl
+
+    -   This is a very difficult thing to do. Historically, foreign investors never really voted their shares. Individual shareholder ownership was almost unheard of in a lot of Europe, you know unless they were an oligarch, a multi Millionaire, or Billionaire, It wasn't something that the average person was doing.
+
+    -   Even when they did, they're typically getting their proxy materials in English... I got emails from people in Swedish and my Swedish isn't good enough to read it anymore and so... there is also the language barrier to consider. So there's a problem facing foreign investors.
+
+    -   I say they need to go public. They need to get an answer from their broker or their financial intermediary in writing,
+
+    -   But, this is actually much harder, to be honest with you, than it would be for US citizens. What we barely understand here, over there, they just don't understand it. You know it's just not something that's percolated down, to where you can even have a conversation with somebody.
+
+-   Ato
+
+    -   I am seeing, and I think a lot of people on the subreddit are seeing this. Things are starting to change. We have posts on Reddit being translated into German, (Editor's note: More than just German) it's definitely a transition. I think we're at a point where we are seeing that involvement.
+
+    -   The sense of comfort, I've had with it, up to this point is, to treat everything equally. So if we had a percentage of people that were domestic that were voting, we still had a percentage, back then, that people that were non-domestic that weren't voting.
+
+    -   So, as the pie on the left has grown the pie on the right has grown, we should still see a prevalent issue with the domestic vote. The ability for these people overseas to be able to go public with that will help, I think it's essential.
+
+TL:DR 🦍 Summary:
+
+-   This is one of the more difficult matters to address, solely due to the fact that foreign investors usually don't vote, or don't care to vote in corporate elections across the pond.
+
+-   Despite the difficulties, remember, VOTING IS YOUR RIGHT. If you are investing your hard-earned money in a company, you're damn right you deserve a vote.
+
+-   If you are a Euro-Ape and your broker is being sketchy about letting you vote, you must do everything you can to speak up and speak out.
+
+_____________________________________________________________________________________________________
+
+ADVICE FOR GAMESTOP
+
+-   Carl
+
+    -   You know you made a very, very good point here, that we didn't focus on enough. I want to say two things and then I'm going to quit.
+
+        -   One is, if you own shares, you're the owner, you have rights. You need to assert them, and failure to do that is really, you're not doing right by yourself.
+
+        -   The second thing, and you've just touched on this, the power of social media. I've been writing these letters and they're all posted on the SEC website and nobody's ever reading them and no one's ever responding to them, but social media doesn't go away, it can only grow. I think I was to be optimistic. That would be the source of my optimism.
+
+    -   When you say *oh, we're putting the proxy statements in German, or whatever* so people can read them. These are revolutionary developments. So I end up feeling optimistic at the end of the day.
+
+-   Ato
+
+    -   Thank you for that response Carl
+
+    -   If you don't mind, I have one final question for you, and I appreciate you going over time.
+
+    -   I'm just blown away by your experience. I know people on this sub, we have so many people, turning out to ask you questions continuously. You'll probably still have referrals for answering questions even after this, I would fully expect that.
+
+    -   But, anyway, for the executives at GameStop that may be watching, what are some actions that they can take that are the best fit for them in terms of protecting investor rights and shareholder rights? If and when they start to see this blown-up issue of over-voting occur, what are some of the best things they can do to put the boot down?
+
+-   Carl
+
+    -   What they need to do is pay attention. They need to pay careful attention to the voting reports that come in.
+
+    -   The first thing I'd looked at when I heard about this was, *who was the lucky company that was going to be the proxy tabulator.* I was afraid that it was somebody in, you know, out of Mongolia who was going to be counting these votes but they have a very good tabulator, and a lot of these votes are going through well-automated systems.
+
+    -   They also need to hire a good inspector. I'm sure they have, but they need to have a good inspector of election who won't be fooled. An inspector who will work like a *demon* to make sure that the reconciliation is appropriate. Except... piercing that veil is really still next to impossible to do.
+
+    -   So, I would say the management, pay attention to the election. Respect your stockholders, read the mail and emails from people who feel they've been disenfranchised, and hopefully, they'll realize that yes, many people are being disenfranchised...
+
+    -   and who are they? They're their best customers, you know, their best friends.
+
+    -   So, that's an injustice in itself. That we're letting hedge fund managers, speculators, and gamblers, run away with our electoral system, at the expense of our customers and our boosters that the people who keep us alive as a company, so I say, they gotta toughen up
+
+-   Ato
+
+    -   I got one final question for you, sorry, hold you up for a minute.
+
+    -   I know you and I talked about this, shorts covering. The can, perpetually getting kicked down the road but, long story short, shorts have to cover?
+
+-   Carl
+
+    -   Not really, some of them never covered because there wasn't a market, the stock got delisted, going under a dollar... and so they never covered, *they just walked away... laughing.*
+
+    -   So no, unfortunately.
+
+    -   And that's probably a good place to end. This is what happens if you don't have a well-regulated system. You get a bunch of criminals, pushing down the price of a stock, until it goes to zero, and laughing all the way to the bank.
+
+    -   So, the evil-doers go away with money and the loyal stockholders, get ripped off.
+
+    -   Unfortunately, I think a lot of stockholders were frightened out of the market and sold their shares at a loss so what has been the gain, have they held on. So, this is really a classic example of how unjust and how untenable, these practices are.
+
+-   Ato
+
+    -   Well, I am optimistic about the number of people that have held and have continued holding, even with the pressure that's being put on them today. So, we'll see what happens with this voter turnout, but I really do think that it's going to be a crucial point and the most consequential event that we've had so far.
+
+-   Carl
+
+    -   Well, do stay in touch. If you have questions, send them to me and I will try my best to answer them. I hope I did pretty good.
+
+    -   It's cocktail time, here in sunny Florida. So, goodbye everyone. Thank you so much!
+
+TL:DR 🦍 Summary:
+
+-   Carl's advice to the heads at GameStop:
+
+    -   PAY VERY CLOSE ATTENTION TO THE VOTE REPORTS
+
+    -   Read the Mail and Email from the stockholders, pay attention to those that feel disenfranchised
+
+    -   Hire an especially diligent inspector of elections
+
+    -   "TOUGHEN UP"
+
+-   In past circumstances, predatory short sellers have gotten away with this game-- pushing the stock price to the point of being delisted so they don't have to ever reconcile their massive dump of phantom shares.
+
+    -   There was confusion over the last section of the interview when Carl stated that shorts don't HAVE to cover, I believe if you take this statement in context with the rest of the AMA, he is clearly referring to shorts having to cover, generally. Carl already states multiple times in the AMA that he is very optimistic about this GameStop situation. Anyone trying to twist this narrative is acting in bad faith
+
+_____________________________________________________________________________________________________
+
+That was incredible, Thank you so much Carl Hagberg, your input on these matters was incredibly eye-opening and reassuring.
+
+I believe I can speak for the Apes when I say, that we are proud to have been the ones to which the torch has been passed so to speak. Continuing to fight for the change that Susanne and Carl have been pushing for for decades.\
+Apes, if there is anything to take from this, it should be this:\
+VOTE YOUR SHARES and if you cannot vote, for one reason or another, then YOU MUST SPEAK-UP.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨](https://preview.redd.it/j5uprrmbg4z61.jpg?width=1000&format=pjpg&auto=webp&s=43dcdd15bfe04bd9595799b60b7d0dcf6554b772)](https://preview.redd.it/j5uprrmbg4z61.jpg?width=1000&format=pjpg&auto=webp&s=43dcdd15bfe04bd9595799b60b7d0dcf6554b772)
+
+_____________________________________________________________________________________________________
+
+One final reminder, do not miss the AMA with Lucy Komisar TODAY, May 14, 4:30PM EDT. As I said at the beginning of this, unfortunately, there will not be a formal AMA transcript/summary like this for that AMA. The amount of work that it takes to pull these together, with this level of quality, is way larger than you think-- as a result, I thought it best to keep it to one of these a week as to not burn out our team trying to crank these out under strict time constraints.
+
+That being said, if you are at the end, you clearly find some value in these posts... So if you as one of those Apes that find this invaluable, you can let me know. If there is enough desire, I can post the rough copy transcript, so at least the Apes that need the AMA's in this format (the deaf community, those with ADHD, etc), can still have it in writing, though without the formatting, editing and summaries. Next week there will be one of these for our AMA though, don't worry.
+
+Finally, One huge thank you for the support that myself, [u/Luridess](https://www.reddit.com/u/Luridess/)**,** [u/Leaglese](https://www.reddit.com/u/Leaglese/)**, and** [u/Cuttingwater_](https://www.reddit.com/u/Cuttingwater_/) have received on these posts, it is what keeps us going!
+
+Cheers,
+
+B_T

AMAs/Lucy-Komisar-AMA/Part-II/2021-05-24-Lucy-Komisar-AMA-Part-II.md

@@ -0,0 +1,5 @@
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [Superstonk](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) | [YouTube](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s) | 
+
+---

AMAs/Lucy-Komisar-AMA/Part-II/2021-05-24-Lucy-Komisar-AMA-Powerpoint.md

@@ -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! 💪
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/g8nivrt6l6171.jpg?width=677&format=pjpg&auto=webp&s=60102104cecd6de43dfc9d914a4525be62e1f80b)](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
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec)](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec)
+
+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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990)](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990)
+
+Ferdinand Pecora
+
+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?
+
+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.
+
+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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1)](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1)
+
+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?)
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/ndifb6fvk6171.png?width=1482&format=png&auto=webp&s=4b96285ed2e17c6fa057802f34861c4c532400c0)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/jca68d5g56171.jpg?width=330&format=pjpg&auto=webp&s=741e78b0f0b0ac9ab85b0f27f872316eabbca976)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/m6a9h2jl56171.png?width=263&format=png&auto=webp&s=4074499e1301f9ad2712d1a806d20a0383873fa2)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/fqrt6qam66171.jpg?width=960&format=pjpg&auto=webp&s=f91e36651dc8f18ba0e83a6e77d3bc079b718f3c)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/si49uknr56171.jpg?width=206&format=pjpg&auto=webp&s=56bf1d0512b8fdfc9e42c662d506fd8bc85c821f)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/odru363cqa171.jpg?width=200&format=pjpg&auto=webp&s=852f95acbb1d5354e65c9f6b1fc32c131c93a32a)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/s650tr5z56171.jpg?width=330&format=pjpg&auto=webp&s=e085154954818611d3c78b7b0ed95a00a02303c7)](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?
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a)](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a)
+
+Gary Gensler- Current SEC Chair
+
+_____________________________________________________________________________________
+
+Questions
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/wwox8t4896171.jpg?width=998&format=pjpg&auto=webp&s=01378e780fc8c6f174a6c840b76132b2b9e33c1e)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/x8tcjb0m96171.png?width=1234&format=png&auto=webp&s=051d06480a45392f1cf48bd7579fc85a6f609447)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/6prc9two96171.jpg?width=1079&format=pjpg&auto=webp&s=5901203d74c13d3f0177dc484a6838a6b62a12e6)](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.
+
+[![r/Superstonk - POST AMA DD- Lucy Komisar AMA powerpoint and partial script](https://preview.redd.it/iosfnjcv96171.jpg?width=1080&format=pjpg&auto=webp&s=dc409dc5f02241f1aa8d009096fcb65758e029a9)](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 ;) 🥂

AMAs/Wes-Christian-AMA/2021-05-15-Wes-Christian-AMA-Megathread.md

@@ -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! 👍
+
+---
+
+[![r/Superstonk - OFFICIAL AMA- Wes Christian with Special Guest Host Dave Lauer- Tuesday, May 18, 2021 @ 4:30 p.m. Eastern](https://preview.redd.it/zw5a517hs6z61.png?width=170&format=png&auto=webp&s=569504eb49246cae1e7b869684ae36057ce46963)](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

Brokers/2021-06-07-Citigroup-Goldman-Sachs-and-BofA-Restrict-Shorting-on-GME.md

@@ -0,0 +1,38 @@
+Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+=====================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+| [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) posted by [u/Lucky2240](https://www.reddit.com/user/Lucky2240/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nui12c/citigroup_goldman_sachs_bofa_restrict_shorting_on/) | 
+
+---
+
+[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)
+
+Posting this for [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) due to lack of karma. All credit to him! Edit: added screenshots
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)
+
+His thoughts:
+
+" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+
+This is freaking huge.
+
+3 of the biggest prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements.
+
+Bloomberg article: <https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks>
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)
+
+For those unaware:
+
+1.  [Bank of America is the prime broker for 96% of Citadel's "activities"](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/).
+
+2.  BofA recently terminated analyst coverage of GME.
+
+3.  On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions.
+
+4.  Citigroup, Goldman Sachs did the same.

Brokers/Avanza/2021-05-25-Avanza-Does-Not-Allow-Shareholders-to-Vote.md

@@ -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/) | 
+
+---
+
+![image](https://user-images.githubusercontent.com/82035192/119549062-dbfb7080-bd64-11eb-8e70-74f1df6e4310.png)

Brokers/Fidelity/2021-02-11-Fidelity-Selling-their-Shares-is-FUD.md

@@ -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.*

Brokers/Fidelity/2021-05-13-Fidelity-Adds-4-Million-Client-in-First-Quarter-of-2021.md

@@ -0,0 +1,14 @@
+If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀
+=================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dwellerofthecrags](https://www.reddit.com/user/Dwellerofthecrags/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) | 
+
+---
+
+[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 - If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀](https://preview.redd.it/iu114zzt0xy61.jpg?width=640&crop=smart&auto=webp&s=30a0d5316bcc955a8c69c1d6843e181f93e36da5)](https://i.redd.it/iu114zzt0xy61.jpg)
+
+[Image Source](https://www.cnbc.com/2021/05/05/fidelity-adds-4point1-million-new-clients-in-the-first-quarter-of-2021.html) provided by [u/Meticulous](https://www.reddit.com/user/Meticulous-)

Brokers/Fidelity/2021-06-05-Fidelity-Account-Insurance.md

@@ -0,0 +1,24 @@
+Question about account insurance
+================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Wowu812](https://www.reddit.com/user/Wowu812/) | [Reddit](https://www.reddit.com/r/fidelityinvestments/comments/ntcje0/question_about_account_insurance/) | 
+
+---
+
+[Official Response](https://www.reddit.com/r/fidelityinvestments/search?q=flair_name%3A%22Official%20Response%22&restrict_sr=1)
+
+Hello - I've heard rumor that for example, gme goes beyond the moon. Once the stock is sold Fidelity will automatically separate the funds into accounts so that the full amount will be federally insured. Is this accurate? If not is there process that can be set up in advance to handle a large influx of cash?
+
+Additionally the same question(s) when transferring cash from another broker into fidelity and having all funds federally insured
+
+---
+
+**Answer from [u/FidelityEmilio](https://www.reddit.com/user/FidelityEmilio/)**
+
+Hi [u/Wowu812](https://www.reddit.com/u/Wowu812/),
+
+The FDIC deposit sweep program is available in the [Fidelity Cash Management Account](https://www.fidelity.com/cash-management/fidelity-cash-management-account/overview) and eligible retirement accounts. This program holds your uninvested cash balance in an FDIC-eligible deposit account with our participating program banks. If you have more than $245,000 in uninvested cash in your account, the program maximizes your eligibility for FDIC insurance by systematically allocating this uninvested cash across multiple program banks.
+
+Please take a look [here](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts) to learn more about our account protections and safeguards, including coverage through the Securities Investor Protection Corporation (SIPC).

Brokers/Robinhood/2021-05-15-Robinhood-Smacked-with-65-Million-Penalty-for-Misrepresenting-its-Investors.md

@@ -0,0 +1,71 @@
+ROBINHOOD SMACKED WITH $65mm DISGORGEMENT PENALTY FOR FRAUDULENTLY MISREPRESENTING ITS INVESTORS
+================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/MissionHuge](https://www.reddit.com/user/MissionHuge/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndehkt/robinhood_smacked_with_65mm_disgorgement_penalty/) | 
+
+---
+
+
+[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)
+
+Apes, the boy from Bulgaria has officially started a gofundme. All contributions to be sequestered by the SEC for the benefit of apes.
+
+In other news, the SEC instituted, among other enforcement actions, a cease-and-desist proceeding under file#3-20171 against Robinhood which resulted in the attached December 17, 2020 order in which RH conceded it breached its fiduciary obligation to its customers by engaging in non-disclosed and otherwise unlawful PFOF practices. In plain English, they admitted fraud.
+
+The order imposes a $65mm penalty and sanctions against Robinhood. An additional order (not attached) was issued a few weeks back directing those amounts be set aside in a QSF administered by a court-appointed trustee for distribution to impacted apes (defined to mean Robinhood customers during the period 2015 to September 2018, when this particular fraudulent conduct was found to have occurred).
+
+The factual findings shed light on RH's PFOF practices and underscore the nature of the present conflict as it pertains to other broker-dealers (pay attention to the CSR's).
+
+Merits a close read and I promise you there are some good nuggets in here.
+
+P.S. Can't change the title but pardon my pronoun glitch.
+
+Bada bing bada boom to the moon,
+
+MH
+
+EDIT 1: Also attached the order of reference for the fund administration.
+
+EDIT 2: An ape just asked me to identify my source. This confuses me greatly. My source is the document I've attached in its entirety, which is part of the litigation file materials available at [www.sec.gov](https://www.sec.gov/) under file no. 3-20171.
+
+EDIT 3: I'm being downvoted by RH shills for posting the actual filed and entered order from the SEC. Yes, I know you would have preferred a hyperbolic narrative so you can do your thing, but there's no twisting them words. No need to be coy Roy, make a new plan Stan.
+
+EDIT 4: Changed PPOF to PFOF. Sorry for any confusion.
+
+<https://preview.redd.it/xxk214q57ez61.jpg?width=1700&format=pjpg&auto=webp&s=9e7c09ed12b57926581151d4c3dfcaf9dc010a9c>
+
+<https://preview.redd.it/9swcick08ez61.jpg?width=1700&format=pjpg&auto=webp&s=5436ef51a8fb3a9e16bd1a7c42ebc7854f77a1ac>
+
+<https://preview.redd.it/uw86q7118ez61.jpg?width=1700&format=pjpg&auto=webp&s=91b6d977418bb1b7872bc93344caafb6baf92387>
+
+<https://preview.redd.it/t5kdnlk18ez61.jpg?width=1700&format=pjpg&auto=webp&s=34b5ba262b0b5cb6b5cc8a71a48fa0cb540bb1ce>
+
+<https://preview.redd.it/qr60jr428ez61.jpg?width=1700&format=pjpg&auto=webp&s=0b355fe6103eab0cc829c166afb181dae54080dd>
+
+<https://preview.redd.it/xzwr1zt28ez61.jpg?width=1700&format=pjpg&auto=webp&s=57f9a6c15226af309cd595fd9415c8a7495415c6>
+
+<https://preview.redd.it/zku1l2c38ez61.jpg?width=1700&format=pjpg&auto=webp&s=19402eb07874ae49e9ed5b646b9d61b07c7c3ce6>
+
+<https://preview.redd.it/0n7h29y38ez61.jpg?width=816&format=pjpg&auto=webp&s=1d3ec6401781e0d23c507ddf0654851b02fdf09b>
+
+<https://preview.redd.it/07zb8ef48ez61.jpg?width=757&format=pjpg&auto=webp&s=bb9a34bfdd38982c743e0bd757daee51cc135778>
+
+<https://preview.redd.it/twa8x2x48ez61.jpg?width=1700&format=pjpg&auto=webp&s=762a1b6b9191d23415efbd334dc580d37d183e2a>
+
+<https://preview.redd.it/h0yc5wh58ez61.jpg?width=1700&format=pjpg&auto=webp&s=48901bb3df2b22bdaa467c9d9fafc3fa67c2eaaa>
+
+<https://preview.redd.it/r9ac0o478ez61.jpg?width=1700&format=pjpg&auto=webp&s=6f94e7f95a184398475cf389435482d4349967c1>
+
+<https://preview.redd.it/ubwhq4l78ez61.jpg?width=1700&format=pjpg&auto=webp&s=dd22f8b32fde34813116badd9bb582bf8702d8c1>
+
+<https://preview.redd.it/tch1kga88ez61.jpg?width=1700&format=pjpg&auto=webp&s=da5f121150c9190ac8c92d56c98655f9866e686a>
+
+<https://preview.redd.it/ezcgozs88ez61.jpg?width=1700&format=pjpg&auto=webp&s=db462dc909336d91ed3c59a02005edc95533047a>
+
+<https://preview.redd.it/stb6s3698ez61.jpg?width=1700&format=pjpg&auto=webp&s=7e5eb38aad6282b2f11e293d0a3e6d1c911b1d54>
+
+[ORDER OF APPOINTMENT P. 1](https://preview.redd.it/o7b11pa8cez61.jpg?width=1700&format=pjpg&auto=webp&s=ea0dbdb7000ae86dceff3ecb48f0b42f447982e7)
+
+[ORDER OF APPOINTMENT P. 2](https://preview.redd.it/3btenxy8cez61.jpg?width=1700&format=pjpg&auto=webp&s=b8ccd51d1aed90b5416c463d798aa085eb32a511)

Brokers/Vanguard/2021-05-14-Vanguard-Increased-their-Long-Position-in-GME.md

@@ -0,0 +1,25 @@
+It looks like Vanguard increased their long position in GME with about more 400k shares since last filing.
+==========================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/infation](https://www.reddit.com/user/infation/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc95v3/it_looks_like_vanguard_increased_their_long/) | 
+
+---
+
+
+[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)
+
+[Their previous 13F-HR filing from Feb.](https://www.sec.gov/Archives/edgar/data/102909/000110465921021334/xslForm13F_X01/infotable.xml)
+
+<https://preview.redd.it/gsntjmrfc3z61.png?width=2557&format=png&auto=webp&s=7cc3b7da20b1dd2d5fc8e7c92da13c241cdf9f9c>
+
+[Current 13F-HR from report that came out a few minutes ago.](https://www.sec.gov/Archives/edgar/data/102909/000110465921066511/xslForm13F_X01/infotable.xml)
+
+<https://preview.redd.it/kv5g99nqc3z61.png?width=2557&format=png&auto=webp&s=5117b8f643c8d55e3a51aa5575357321d7554ac9>
+
+Vanguard fucks.
+
+Edit: ~~They bought those shares between 1st January and March 31. Which means they are also bullish as fuck even with GME being at highest levels during that time frame.~~
+
+Edit2: Some people have said that ETF weighing is responsible for the increased shares. I am not too knowledgeable about that matter so I cannot comment too much. However, the fact (unless they misreported) is that VANGUARD GROUP INC owns more GME shares than the previous filing. Would love some more wrinkled brain to shed some light into this.

Confirmation-Bias-and-Discussion/2021-01-31-The-Only-Squeeze-that-Hurts-Citadel-and-Point72-is-GME.md

@@ -0,0 +1,50 @@
+You are being played: Citadel and Point72--major hedge funds and investors in Melvin--own tons of AMC, NOK, and BB. The only squeeze that hurts them is GME 🚀
+==============================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/meta-cognizant](https://www.reddit.com/user/meta-cognizant/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/l9o3vs/you_are_being_played_citadel_and_point72major/) | 
+
+---
+
+[Discussion](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
+
+*Edit as of May 27th, 2021*: I posted this back in something like January of this year. Stop commenting on it. Of course things have changed since then. But the price action you saw in AMC today was not shorts covering, it was options driven. Take a look at call volume today.
+
+The punchline: Citadel and Point72 own shit tons of AMC, BB, and NOK, and presumably want them to increase.
+
+I've found it somewhat suspicious that most accounts saying to buy/hold AMC, NOK, and to a degree BB are new. In addition, when each of these stocks started getting promoted here, other than GME (which was pretty much all that was talked about at the time) we were still almost exclusively an options subreddit. It took forever for most of us retards to learn that shares were important for GME as a special case, but all of the support for AMC, NOK, and to a degree BB was/is about holding shares, which was grounds to get booted to [r/investing](https://www.reddit.com/r/investing/) prior to GME. We're wallstreet*bets* after all. We trade high-risk options and share in our love of excruciatingly erotic loss porn. The people promoting AMC, NOK, and BB didn't/don't seem to fit in with their recommendations of shares. So I decided to look into this more.
+
+After being reminded by Cramer's video that hedge funds will often manipulate sentiment premarket by pushing the stock up and then slowly dumping it, I decided to look into a premarket comparison of GME and AMC on a random recent day. As you can see below, GME and AMC are both pumped up premarket, but by open GME has been shorted down (and it pops up) whereas AMC is in the stratosphere and falls sharply once everyone in the market is trading freely:
+
+<https://preview.redd.it/zgykmt8mqqe61.png?width=1678&format=png&auto=webp&s=eeae992d385ba8529a99e2558b270146099f7646>
+
+This seems like they may be trying to manipulate GME and AMC in opposite ways. This premarket activity can make people pile into non-GME stocks if it looks like GME peaked and others haven't. I haven't looked at BB or NOK, but my guess is that we'd see a similar divergence between GME and those stocks in after hours/premarket as well.
+
+Most importantly, Citadel and Point72 are long on BB, AMC, and NOK.
+
+BB
+
+[According to 13F filings](https://fintel.io/so/us/bb), Citadel owns a whopping 1,068,700 shares of BB, and Point72 owns 519,200 shares. No options are owned by either fund. Point72 and Citadel clearly profit from BB's rise.
+
+AMC
+
+[According to 13F filings](https://fintel.io/so/us/amc) (Ctrl+F citadel or point72), Citadel owns 292,926 shares of, call options on, and put options on AMC, and Point72 owns 21,758 shares. It's not possible to know what options strategy (e.g., long straddle) Citadel has in play, but it's clear Point72 and Citadel have both benefited from AMC's enormous increase.
+
+NOK
+
+[According to 13F filings](https://fintel.io/so/us/nok), Citadel owns an enormous 2,950,823 shares of, call options on, and put options on NOK, and Point72 does not own shares of NOK. It's not possible to know what options strategy (e.g., long straddle) Citadel has in play, but it's clear Citadel has benefited from NOK's rise.
+
+We already learned this morning that Citadel owns a humongous stake in silver, so that is most likely being shilled too. Importantly, if any of these funds sell off AMC, BB, NOK, or silver during their increase, they all have more capital to short GME with.
+
+*The only stock increase that really hurts either of these funds or Melvin is GME***.** *These funds shorted a viable and successful company to 140%. I know I would prefer to specifically focus on hedge funds that seem to have knowingly engaged in illegal naked shorting (Melvin, probably), appear to have forced Robinhood to stop allowing purchase orders (Citadel, Robinhood's primary financer), or are literally run by people who have been convicted of securities fraud (Point72).*
+
+Why did AMC, BB, or NOK get restricted too, then?
+
+The question remains as to why all of these stocks were restricted by many brokers at around the same time as GME. My belief is that purchases on these stocks were restricted in order to make them look like they were stocks that these hedge funds didn't want us to buy. Alternatively, *some* hedge funds are short these other stocks, so it's possible that they were having liquidity issues that also affected the market. But, like I mentioned above, I'd prefer to focus on hurting hedge funds engaging in illegal activities.
+
+TLDR: hedge funds profit off of your buying AMC, BB, and NOK calls/shares. These stocks seem to be shilled on here as alternatives to GME to distract us. Unless you want to line the pockets of Citadel, Point72, and indirectly Melvin, stay away from AMC, BB, and NOK. BUY AND HOLD GME IF YOU WANT TO REALLY HURT THESE ASSHOLES. GME TO THE MOON 🚀🚀🚀🚀
+
+Disclaimer: I am retarded and not a financial advisor, so this isn't financial advice. I am long GME and not long any of the other positions mentioned in this post (for the reasons I have outlined in this post). I also regularly scrub my post history but have been on this subreddit long enough to be a member of tanker gang.
+
+EDIT: READ THE HUGE EDIT AT THE BEGINNING OF THIS POST YOU RETARDS, THIS POST IS OLDER THAN YOU.

Confirmation-Bias-and-Discussion/2021-01-31-The-Real-Reason-Wall-Street-is-Terried-of-the-GME-Situation.md

@@ -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&amp_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:
+
+[![r/wallstreetbets - The real reason Wall Street is terrified of the GME situation](https://preview.redd.it/g723jvyhine61.png?width=445&format=png&auto=webp&s=39bad6c47b428d364de36e9888de35b79572d1da)](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.

Confirmation-Bias-and-Discussion/2021-02-01-GME-is-a-Ticking-Time-Bomb.md

@@ -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.

Confirmation-Bias-and-Discussion/2021-02-07-Reasons-to-Buy-GME-Regardless-of-the-Short-Squeeze.md

@@ -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.

Confirmation-Bias-and-Discussion/2021-02-10-Crunching-the-Short-Interest-Numbers.md

@@ -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!

Confirmation-Bias-and-Discussion/2021-03-29-GME-Price-Significantly-Jumps-Every-21st-22nd-Trading-Day.md

@@ -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:
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/pav0v0v8pmu61.jpg?width=500&format=pjpg&auto=webp&s=8be24aeb1e7b31a4fe48079be274896bb1c34ffc)](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.
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/sitybl06k0v61.png?width=600&format=png&auto=webp&s=4327b96dcd3d4088f296cdce2851a946b9b32c10)](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:
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/2bkzgsiek0v61.png?width=894&format=png&auto=webp&s=6db34284c029da30bf46ca8e0623ebabdc08ce0d)](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)
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/bnb5r4eqk0v61.jpg?width=600&format=pjpg&auto=webp&s=f86b29696fbdc9c23e39125cf4fb95277e64134a)](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:
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/dzrcl984l0v61.png?width=894&format=png&auto=webp&s=5e83339b52bc4323718962469614131a062d1bb8)](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.
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/wfznl0v9l0v61.jpg?width=599&format=pjpg&auto=webp&s=b18b0a3f66da936901f8f435757c683002dff180)](https://preview.redd.it/wfznl0v9l0v61.jpg?width=599&format=pjpg&auto=webp&s=b18b0a3f66da936901f8f435757c683002dff180)
+
+Moving on, it happens yet again in February.
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/bmz95jycl0v61.png?width=916&format=png&auto=webp&s=4780ce2df9522563e8abef9835906c2aec611a56)](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)
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/0nn7c66kl0v61.jpg?width=599&format=pjpg&auto=webp&s=8b07df71f392e8ae6fcd28c24e1eb986d3d03ac2)](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:
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/bpo4e29nl0v61.png?width=921&format=png&auto=webp&s=72a1adc3220f05058ffe65bed839cefcfb69988a)](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.
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/er28vzswl0v61.jpg?width=599&format=pjpg&auto=webp&s=61f3c0db62828639addae3b85f74e43b62ca5070)](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)
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/8dejfl37c5171.png?width=917&format=png&auto=webp&s=75a53af49735e2d46774d4d67e8e5c290d154e2a)](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?
+
+[![r/GME - $GME Price Significantly Jumps EVERY 21-22nd trading day since December 2020. Linked possibly to Citadel's failure-to-deliver. Shorts have NOT covered **](https://preview.redd.it/ch4hpm71m0v61.jpg?width=640&format=pjpg&auto=webp&s=627b7baac0413eb7edc9b50346a6f673c8e5e44f)](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: 🚀🚀🚀🚀🚀🚀🙌💎

Confirmation-Bias-and-Discussion/2021-05-07-GME-and-the-Russel-1000.md

@@ -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.
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/qjekdww2lox61.png?width=712&format=png&auto=webp&s=6d4acc6a939a19be33b9b28b5eeb776c03272cfd)](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>
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/oeon01ejcnx61.png?width=962&format=png&auto=webp&s=ff325712a067b75b222f7d8a1dc49940ee203efc)](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!
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/grjmwk69cnx61.png?width=933&format=png&auto=webp&s=7b87902ee51d7693b08dd673ce80f5217846a473)](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.
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/v0kyut45enx61.jpg?width=1280&format=pjpg&auto=webp&s=d8f74fa19854a0978beda790603267e1296dc7c3)](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>
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/w0w8266wenx61.png?width=947&format=png&auto=webp&s=9a5c9b41140715097e723e3bef788927bf312d23)](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.
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/l1n21bkfgnx61.png?width=680&format=png&auto=webp&s=92f7f9a0278d9f3cbded903f684bb1a244f81962)](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>
+
+[![r/Superstonk - Russel 1000](https://preview.redd.it/otlnmbdjfnx61.png?width=554&format=png&auto=webp&s=a6516c3fcdd2a01b3465ad9371bf83ed9d4aa866)](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

Confirmation-Bias-and-Discussion/2021-05-07-The-Rubix-Cube-has-been-Solved-and-its-so-much-Bigger-than-Everyone-Thought.md

@@ -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.
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/59tgss14psx61.jpg?width=640&format=pjpg&auto=webp&s=41a6b2cf6d9ab6a43124b2d7c77285e8ae7cfb0a)](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)
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/jcvtk3x5psx61.jpg?width=1853&format=pjpg&auto=webp&s=4d71609beae66d8ff1ad8af8433b7d2daa194e9a)](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
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/e34jo8pfpsx61.jpg?width=809&format=pjpg&auto=webp&s=ace87cc167e8550e55b00768d795be07bd34e2b1)](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
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/o9fmknywpsx61.jpg?width=1392&format=pjpg&auto=webp&s=2b0a99b9fc43e006edd0243c55cb0807dbda951d)](https://preview.redd.it/o9fmknywpsx61.jpg?width=1392&format=pjpg&auto=webp&s=2b0a99b9fc43e006edd0243c55cb0807dbda951d)
+
+BlackRock
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/lm3m2utxpsx61.jpg?width=813&format=pjpg&auto=webp&s=64266e0dedcc955a9bb027d2b65f20e01a999e9a)](https://preview.redd.it/lm3m2utxpsx61.jpg?width=813&format=pjpg&auto=webp&s=64266e0dedcc955a9bb027d2b65f20e01a999e9a)
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/qolbv4a0qsx61.jpg?width=530&format=pjpg&auto=webp&s=1270d374b56c7e1611967647a0ff5957bf14e34e)](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?
+
+[![r/Superstonk - I think I solved the Rubix Cube and... it is so much bigger than everyone thought.](https://preview.redd.it/izvoip7aqsx61.jpg?width=778&format=pjpg&auto=webp&s=4e26a47e1155b5aa4282c5569454b00d71286c17)](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.

Confirmation-Bias-and-Discussion/2021-05-08-Gary-Genlser-47-Percent-Antitrust-and-Yet-Another-Reason-Why-Citadel-is-Fucked.md

@@ -0,0 +1,55 @@
+Gary Gensler, 47%, Antitrust, and Yet Another Reason Why Citadel is Likely Irrevocably Fucked
+=============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JustWingIt0707](https://www.reddit.com/user/JustWingIt0707/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n84gzo/gary_gensler_47_antitrust_and_yet_another_reason/) | 
+
+---
+
+
+[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)
+
+47%, Gary Gensler, Antitrust, and Citadel
+
+Gary Gensler talked about a lot of stuff at the hearing earlier this week. The representatives generally focused on a lot of garbage, and they have justifiably taken a lot of shit from this community for their piss poor understanding of the things they are supposed to oversee. Lost in the gamification discussion was Gary Gensler talking about market concentration and Citadel how 47% of all retail order flow is routed through Citadel. This is a serious issue, and it is one that can be resolved through one of the Commissions established by Congress, for example: the SEC, but it can also be referred to the Department of Justice, Antitrust Division or the Federal Trade Commission.
+
+Why This Guy?
+
+Before I go any further, I used to be an employee of the one of these last two federal agencies, and I happen to have a bit of expertise in the subject matter I am about to talk about. Other things I might be blowing smoke out my ass, but I'm trying my best to educate, inform, or otherwise support my fellow apes. I am willing to provide my resume and identity to the mods, but I prefer to remain otherwise anonymous.
+
+An Extremely Brief History of Antitrust in the US
+
+There are 3 main laws that govern Antitrust Law in the US. They are the Sherman Antitrust Act(1890), the Federal Trade Commission Act(1914), and the Clayton Antitrust Act(1914).
+
+The Sherman Antitrust Act outlaws restraints of trade or commerce, and declares people who monopolize or attempt to monopolize or conspire to monopolize in violation of a felony. The first part is a civil violation and the second part is a criminal violation involving jail time and financial penalties, and it is per se illegal, or by even agreeing to be part of a conspiracy to restrict a market a person is in violation of a felony. There's a lot of nuance and practical considerations to how judges and juries find in these cases. One of the first antitrust cases was brought against a labor organizer. It is now considered to be a vast misapplication of the law.
+
+The Department of Justice was deemed to be insufficient to deal with fast moving technology in the early 20th Century, and so Congress passed the FTC Act to get expert engineers and scientists into an agency with lawyers---to be better able to enforce the law. The Supreme Court has ruled that every violation of the FTC Act is also a violation of the Sherman Antitrust Act. The FTC can unilaterally impose monetary penalties, where the DoJ has to go through the courts for everything. The FTC still needs to bring criminal prosecutions to the federal courts.
+
+The Sherman Antitrust Act had the unintended consequence of causing companies to merge in order to avoid prosecution. The Clayton Act barred several items: price discrimination between purchasers if such discrimination lessens competition, sales on the condition that the buyer or lessee not deal with the competition of the seller or lessor or requiring the buyer to purchase another product on the condition that this not lessen competition, mergers and acquisitions that substantially lessen competition, and barring a person from being a director on the board of two or more competing firms. The key here is "lessen competition," and how that has been defined in the modern era.
+
+We can more or less ignore the FTC Act, and the Clayton Act matters, but only tangentially. It is however a significant tangent.
+
+Enter Robert Bork. [Get a Load of This Mug](https://upload.wikimedia.org/wikipedia/commons/d/d8/Robert_Bork.jpg) That's right. That Robert Bork. Nixon's Solicitor General, later federal judge, and then blocked from being on the Supreme Court due to being too extreme. He argued that the goal of antitrust law should be to protect consumers, because consumers are inherently foolish. So the consumer harm standard of antitrust enforcement was adopted. This implies that the harm to competition, the competitive process, can be observed through the effect on prices that consumers experience. This is still how antitrust law is enforced today.
+
+Great, But How Does That Do Anything For Us?
+
+In the short run, it probably does nothing. Antitrust matters move at the pace of the commissions and the courts, but buy and HODL, amirite?
+
+This is a little heavy reading on how Antitrust cases are evaluated. <https://www.justice.gov/atr/horizontal-merger-guidelines-0>
+
+Important notes not contained here: in order to prosecute a case for monopoly in order to break up the company there needs to be market power and abuse of dominance. Typically, the courts are skeptical of market power when a company controls less than 60% of a market. Control of market share is not enough. Due to the consumer harm standard, in order to prosecute monopoly or abuse of dominance harm to consumers must also be shown.
+
+But how does this relate? Well... In comes market concentration, a popular proxy for how concentrated markets are already. The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. It is calculated by squaring the market share of the market participants and summing them. A market with an HHI of 1800 or greater is considered to be highly concentrated. Using that 47% figure that Citadel touts-and no one else's share, the HHI for retail routed orders is 472 = 2209. That market is already there without the other 53% of the market included. This only matters in the event of merger and acquisition, however. There's another key point here: Payment for Order Flow.
+
+By paying for order flow, Citadel may be changing the market definition in a couple of ways. The first is, they are the consumer of retail orders from brokers, and they are a dominant player in the buying side of this market. They might be foreclosing other wholesalers out of this market and exerting monopsony power or undue influence over the market through purchasing. The other way they could be messing up is through purchasing all of any given broker's order flow. By doing this, Citadel has given consumers in the market no choice of order routing, and they are monopolizing broker routings. There is huge potential for profit taking internally here, because the price that consumers see is rounded to 2 decimal places, but as we all learned with the 32 bit integer issue and Berkshire-Hathaway, the price is actually calculated out to 4 decimals. Citadel could buy up your order flow at the 4 decimal price, match against the other end of a trade, and take 2 decimals of profit on every order.
+
+On top of that, Citadel knew about these anti-competitive issues associated with payment for order flow as early as 2004. They specifically commented against them. <https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf> There is no way for them to say they did not know about the harm they were causing and continue to cause as they caused it and continue to cause it.
+
+Any of the above could be construed as an abuse of a dominant position, harm to consumers, if not monopoly or monopsony. This could result in $100M fines per day that these could be demonstrated. If Ken Griffin is implicated through documentation or other evidence personally, he could face a fine of $1M and up to 10 years in jail.
+
+Citadel is likely irrevocably fucked, whether or not they survive the MOASS, whenever it comes.
+
+Edit: TL;dr: A mentor told me I should try to be able to explain it to a 5 year old.
+
+By paying brokers for your order, my order everyone's order to go through them, Citadel has been doing something that isn't fair and is against the law. They knew it was against the law and unfair. Ken Griffin could face jail time if it can be proven that he knew about some of the problems they were causing.

Confirmation-Bias-and-Discussion/2021-05-10-The-Squeeze-is-Inevitable-and-this-is-a-Once-in-Forever-Opportunity.md

@@ -0,0 +1,45 @@
+Wise apes really aren't lying when they tell you this is a once in FOREVER opportunity. It MUST not be fucked up, and everyone but the shorts will benefit 🙌💎🚀
+=================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Broviet](https://www.reddit.com/user/Broviet/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9n36z/wise_apes_really_arent_lying_when_they_tell_you/) | 
+
+---
+
+
+[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)
+
+Howdy, apes and apettes. It's been a while! Not sure how many of you will remember me from our prior subreddit's glory days, but with the exceptional DD being put forward by the likes of [/u/atobitt](https://www.reddit.com/u/atobitt/), [/u/jsmar18](https://www.reddit.com/u/jsmar18/), and attention from [/u/dlauer](https://www.reddit.com/u/dlauer/) and Dr. T, my distant Wall St experience is no longer necessary. However, I did want to drop in with a quick dose of confirmation bias after this most annoying of Mondays. And that, of course, is to remind you of one of our months-old warcries that has since fallen out of favor: All shorts must cover.
+
+I am well aware that, while most hands here have undoubtedly been forged into sheer impenetrability by now, brains so perfectly round are a little more difficult to pummel into the acceptance of fact. Every single-share buy routed through a dark pool. Every DTCC rule kicked down the road. Every shill post. Every threatening private message. Every congressional hearing where bushes aren't just beaten around, but are apparently nonexistent. Every Cramer meltdown. Every instance of Robinhood fuckery.
+
+On their own, any of these things can and should be dismissed as inconsequential. Together, they are harder to stomach. But while I can't comment on the current state of affairs to the same level of depth or topicality as someone like [/u/dlauer](https://www.reddit.com/u/dlauer/), I did spend enough time on the Street to be able to assure you that all of this is happening for a reason.
+
+These are the death throes of a doomed way of doing business. As you all well know by now, the big boys on the other side of this trade have a nigh-incomprehensible amount of Fuckery Implements. What you might have also picked up on, and why we are all still here diamond-dicking the ultimate circle-jerk of solidarity, is that none of these tools, or any combination thereof, can or will extricate shorts from their positions. These are all tools of avoidance. Prevention. Ensuring that such a situation is minimized. Ensuring that such a situation is avoided in the future. But that's it.
+
+There are no rulings or tools or deception or FUD that will undo what they've done. I understand it's counterintuitive to think that, because even amongst old Finance colleagues I've spoken to, the prevailing sentiment is disbelief. "How could they be that stupid, even if they thought it was a sure thing?" Indeed. And yet here we are.
+
+And since I'm here writing a post already, let's also take a moment to dispel the notion that there is precedent for the SEC/Government stepping in to "shut this down". If Burry, Baum, Brownfield, or the perennial favorite Greg Lippmann (I'M JACKED TO THE TITS) could've been shut out, they would have. They're legends now, but at the time, they had no more clout in the industry than any ape, realistically.
+
+I do truly find it endearing that so many people here are still willing to theorize about specific date targets, and I no longer criticize this because I really do believe diamond hands will prevail no matter what, and that not even a never-ending hype cycle will stop apes. However, I must remind you to be patient. Stay just as angry, hungry, and determined as you are, but also be patient. Because while they can knock this down, drag this out, kick the can, punt the baby, defenestrate the roomba, they CANNOT get out. If there was a way out, they would've taken it long before retail interest reached a fever pitch. Since the end of grandfathering in 2008, there are simply zero legal options to resolve this that don't end in catastrophic and permanent lack of faith in our markets. Unless. Apes. Sell. So......don't? 😁
+
+One last thing:
+
+It seems a particularly popular form of FUD these days to harp on "how bad this will be for the average citizen". I'll dispense with most of the traditional responses to this. "DTCC has insurance", "It's not that expensive with geometric mean", etc. The impact on the average citizen will be nowhere near as great as the average shill or hedgie would have you believe, as there's not a legitimate housing crisis underpinning the entire goddamn thing and we're not offloading garbage on sovereign wealth funds. It's Gamestop, for god's sake. But I digress. Let's pretend for a moment that it is as bad as they say.
+
+Let's pretend for a moment that the Fed printer goes BRRRRR and the American public is on the hook for...let's say....4 trillion. A nice 5m+ per share exit. So....roughly twice that nothing stimmy we just got. Roughly what we've printed this year already. Sure, retirement portfolios will take a hit. For most people not right at retirement age, the ensuing rebound will square their portfolios, and for those that can't wait it out....well, their community/region is now flush with tens/hundreds/thousands of apes looking to help out. But the most important thing, by far, is that the cycle of bullshit goes away. This kind of scenario HAS to happen in order for the general public to be protected from themselves. A set-it-and-forget-it 401k is always going to be the primary bagholder in these situations, and only one bad enough for Wall St will scare them into behaving even REMOTELY responsibly.
+
+TLDR: The squeeze is inevitable. The only steps that would prevent said squeeze:
+
+-   Have never been taken before.
+
+-   Would annihilate global faith in our markets, likely forever.
+
+-   Will. Not. Happen.
+
+Those living in abject fear (the shorts) will do their absolute worst to shake your faith. With their considerable resources, a lot will seem scary. It isn't. Because you've already won. And this is what's desperately needed to protect global retail investors from this type of predatory behavior. Only when a "revered" firm of sociopaths gets curbstomped back to the fundraising stage by retail will this level of fuckery be ameliorated.
+
+Stay strong, stay mad, stay vigilant, you beautiful, stupid, stupidly beautiful mother fuckers. As the immortal Penguin Prison said [the first time around](https://youtu.be/LxfZRd9R4VI), "YOU GOTTA SQUEEZE, SQUEEZE!" See you on the other side. 🙌💎🚀❤
+
+YOU FUCK WITH MY MONEY, AND YOU'LL BE SORRY!

Confirmation-Bias-and-Discussion/2021-05-28-Flash-Crash-Warning.md

@@ -0,0 +1,34 @@
+FLASH CRASH WARNING - 4000 6/18 300 puts bought last friday, 1000 were exercised on monday to cause the end of day mini-crash
+=============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/trust-theprocess](https://www.reddit.com/user/trust-theprocess/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+As the DD has shown they use ITM puts as an expensive last resort to drop the price. Those 4000 puts cost over 51 million.
+
+This is by far the highest open interest for any ITM put in the entire option chain
+
+They may unload the remaining 3000 to try bomb the price down before these mass amount of calls expire ITM today, and so there isn't a 3 day weekend of FOMO buildup.
+
+Do not set stop losses
+
+* * * * *
+
+Edit: Well damn I had to go out right after posting this and came back to it being the top post on the sub, lmao
+
+Want to address this:
+
+How do ITM puts drop the price?
+
+I see a lot of people asking this, I read it in [this DD](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), basically all options put pressure on the price, calls = upward pressure (see January gamma squeeze), and puts = downward.
+
+How does it go down if the strike they're exercising is higher than the stock is trading and someone has to buy it from you at 300? The same way it goes up when ITM calls are exercised at a lower strike than the current price and someone has to sell it to you at 200. What are the mechanics that make it work that way? I have no idea, I'm as retarded as the next ape
+
+They also use OTM puts to hide the SI% which can be seen when they have to report to FINRA, and they use ITM calls to satisfy FTDs which has been part of the T+21 cycles. They've been abusing options to manipulate and kick the can from the beginning.
+
+I'm not sure if that exact date+strike was used today, but quickly looking over the chain for all dates it looks like hundreds of them have been exercised since yesterday just among the top 10 highest OI ITM puts $300 or higher

Confirmation-Bias-and-Discussion/2021-05-30-Margin-Calls-Forced-Liquidations-and-Melvins-Short-Position.md

@@ -0,0 +1,105 @@
+Margin calls, forced liquidations, and estimating Melvin's short position!
+==========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yamayakuzaki](https://www.reddit.com/user/yamayakuzaki/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nod4sg/margin_calls_forced_liquidations_and_estimating/) | 
+
+---
+
+
+[𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%B6%F0%9D%98%80%F0%9D%97%B0%F0%9D%98%82%F0%9D%98%80%F0%9D%98%80%F0%9D%97%B6%F0%9D%97%BC%F0%9D%97%BB%22&restrict_sr=1)
+
+EDIT 4- I apologize in advance if any apes have seen this on the other sub. I realized I cannot cross post, and was advised to create a new post, so here it is.
+
+I'm seeing a lot of Apes assume that "When Marge comes calling, Team Shitadel will be forced to cover". This is not entirely accurate, and here's a post to help Apes understand how Margin calls work. Also, scroll down to Edit 2 and Edit 3 for my ballpark of how many shares Melvin shorted on Jan 25.
+
+Margin calls are not necessarily always going to result in shorts covering
+
+While margin calls CAN lead to shorts having to cover, this only happens in one of two scenarios:
+
+1.  the short seller voluntarily chooses to close their position because they do not have the funds to increase their collateral requirements
+
+2.  the short seller cannot fulfill its collateral requirements (defaults) and the lending broker takes the short seller's collateral and if required, any other assets owned by the short seller, liquidates it, and goes out to the market to buy back the share
+
+If the short seller is able to post sufficient collateral when they get margin called, nothing happens. They do not cover.
+
+How does a margin call actually work?
+
+To short a stock, you need to borrow it. To borrow it, you need to post your initial collateral (which is typically 150% the value of the short sale at minimum...) and pay those insanely low borrowing fees. Let's ignore the borrowing fees and why they're so low and focus on the collateral aspect.
+
+If and when the current stock price increases over the initial collateral amount each day, you face a margin call and are asked to close the position or increase your collateral (maintenance collateral) based on what the maintenance margin is (which ranges from 25% - 40% depending on the broker, but typically 30% on the NYSE) together with the total current value of the short sale value. I'm seeing margin requirements for RETAIL going up to 300%, but afaik, institutions are still at the 25% - 50% range.
+
+Initial collateral posted for short sales is short sale value + margin requirement
+
+So let's say, purely as an example (they very likely shorted WAAY more than this example), Shitadel initiated a short sale for 1,000,000 shares when it was at $40. The initial collateral required was short sale value + margin requirement, or $40 x 1m = $40m + 50% of $40m = $60m posted to the lending broker. This example also assumes they did NOT continue to add more shorts (which we know they did), or naked short (as naked shorts don't require collateral and are a whole different discussion).
+
+As and when the stock price increases, Shitadel needs to deposit additional margin (the Margin call) if the total margin requirement is more than the existing collateral. If they can't do that, they can choose to voluntarily close their short position, or get force liquidated.
+
+It's not WHEN Shitadel gets margin called. They already got margin called many times. It's when they can't meet the collateral.
+
+This is not a one time thing - it happens EVERY TRADING DAY the price rises to the point where collateral needs to be increased. Shitadel has been margin called multiple times since the time the stock price was $40. They've just been able to either bring the stock price down so they don't need to post as much collateral, or they've liquidated assets to meet collateral. Let's look into this a little bit more.
+
+After the initial collateral, maintenance collateral is calculated as short sale value (based on current price) + maintenance margin requirement
+
+(let's use 30% as the maintenance margin for example).
+
+When the price went up to $45, the total margin requirements for Shitadel were $45x1m = $45m + 30% of $45m = $58.5m, so they wouldn't have got margin called since the requirements are still less than the initial collateral of $60,000.
+
+When the price went up to $50, the total margin requirements were $50x1m = $50m + 30% of $50m = $65m. They would have gotten margin called for the difference of $65m - $60m = $5m.
+
+Fast forward to when the price went up to $277 ish ... the total margin requirements were $277x1m = $277m + 30% of $277m = $360.1m.
+
+At this point, Shitadel would have had 5 days to meet that margin requirement (by liquidating other assets including crypto), or try to push down the stock price to a more manageable level.
+
+Shitadel gets money back if the price goes lower than what the initial short sale value was
+
+If the short sale value decreases (which is what the short seller was banking on) relative to what the share value was when the short sale was initiated, margin requirements also decrease, and they get money back.
+
+So taking the initial example where Shitadel shorted 1,000,000 shares when it was at $40, if they were successful in dropping the price to $20, the margin requirement would have been $20 x 1m = $20m + 50% of $20m = $30m and they would have gotten $60m - $30m = $30m back. (whenever price falls, short sellers are required to have an additional 50% additional margin instead of the maintenance margin of 25-40% when price increases).
+
+What does this all mean?
+
+Well, it means that the margin call resulting in Shorts having to cover will only happen when the price of GME increases to the point Team shitadel would not be able to post the additional required collateral. This is not one magical price, but one that could be triggered in a domino effect, like countless DDs have speculated, where the smallest SHF gets forced to cover, share price increases, forcing the next SHF down the line to cover etc....all the way to the point where ALL SHORTs run out of funds to cover, upon which the responsibility goes to the lending broker, and then up the chain all the way to the DTCC and their insurance.
+
+That's why we see them trying so hard to keep the price down so they can keep their collateral requirements "manageable", and days where the entire market (and crypto) are red because they need the liquidity to satisfy maintenance margin.
+
+Short positions opened recently
+
+The above examples all use shorts opened $40 and below. As we all know and speculate, team shitadel's also opened short positions ABOVE $40, but the concept still applies. They'd still have to post the collateral and maintain the margin requirements as and when the price fluctuates, and IF AND ONLY IF they can't meet that margin requirement, the collateral is used by the lending broker to go out to the market to buy a share back to close the position.
+
+EDIT: The obligatory link that apes like. [See here](https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD086.pdf) - this document is from TD Ameritrade called the Margin Handbook and describes margin, margin requirements, and margin calls in detail.
+
+EDIT2: [u/lvprentiss9](https://www.reddit.com/u/lvprentiss9/) asked a question in the comments about Melvin getting their $2b+ cash infusion. This gave me an interesting thought. We can estimate Melvin's short position as of that date. Not exact of course, just a ballpark to get a feel for what we're talking about here.
+
+SPECULATION TIME
+
+- After the trading day on Jan 25, Melvin reported receiving a cash infusion of $2.75 billion. The stock price closed at $76.79
+
+- The previous closing price on Jan 22 (before the weekend) was $65.01. So between these two days , the collateral required for Melvin not to get margin called and default would have been whatever they already posted for collateral as of Jan 22 (when the price was $65.01) + $2.75 billion.
+
+Jan 22 - the total collateral required would have been 1.3x 65.01x # shorted shares, or 84.513 x # of shorted shares
+
+Jan 25 - the total collateral required would have been 1.3x76.79 x # shorted shares, or 99.827 x # of shorted shares
+
+The above is assuming their lending brokers charged them 30% of the short sale value. could have been more, or could have been the FINRA minimum of 25%, but 30% is pretty standard. We don't care about when Melvin opened their position, or at how much...we just know that from Jan 22 - Jan 25, they had to increase their collateral or risk defaulting.
+
+So Jan 25's 99.827 x # of shorted shares minus Jan 22's 84.513 x # of shorted shares = 15.314 x # of shorted shares. This is the delta that required that 2.75 billion cash infusion.
+
+What do we get when we solve for # of shorted shares? 2.75 billion / 15.314 = 179,574,245.79 shares shorted.....Melvin alone shorted the entire float and the shares outstanding MANY MANY times over..... since then, since we know they didn't cover, there could only be MUCH HIGHER shares shorted....especially when you add in naked shorts and regular shorts from other short sellers! This is not even accounting for the January squeeze as it's before that, and they could have been required to post even more collateral, or it could have been the reason RH and others prevented buying...regardless, this is speculation across two data points..
+
+Edit 3: BUT WAIT, that's just a little too optimistic. GME is likely not Melvin's only short position
+
+Exactly - 179M shares shorted is very optimistic, but gives you an idea. For years, GameStop was the no-brainer go to for short sellers, so it would be reasonable to assume GME would constitute a large portion of a short seller's position. Let's look at more conservative numbers:
+
+1.  If GME was only 25% of Melvin's total short position at risk of default, then it stands to reason that the 2.75 billion cash infusion was not JUST for GME....if 25% of the 2.75 billion was flagged for GME (and the rest for all of Melvin's other short positions at risk of margin default), then (2.75 billion / 15.314)x25% = 44.89m GME shares shorted. Which is more than the float. We also know Melvin was not the only short seller. So imagine this, multiplied across the many short sellers and add in naked shorts... it's no wonder they only reported the maximum allowable short interest back then (140%) and tried to hide those numbers since.
+
+2.  If GME was 30% of Melvin's total short position at risk of default, that would be $53.87m shares shorted.
+
+3.  If GME was 50% of Melvin's total short position at risk of default, that would be $89.79m shares shorted.
+
+That's why I've come to the conclusion that even though my numbers are ballpark and that there is a possibility that not all 2.75 billion was put towards the collateral maintenance specifically for GME as of that date (they definitely would have needed it during the jan spike), it'd still be f'in high!!!
+
+DISCLAIMER - I've made assumptions in these calculations, but I believe the theory behind it is sound/reasonable. Let me know what you think! Of course, this is an estimate and doesn't account for things like the 2-5 day margin call response period, or what happened after jan 25th, or whether Melvin needed the 2.75b to cover other short positions that are not gme or planned to keep part of the 2.75b to do other fuckery.
+
+TLDR: Margin calls do not necessarily guarantee shorts having to cover. This only happens when they can no longer fulfill their maintenance margin requirements. I ballparked Melvin's short position on Jan 25th using these formulas. it's between 44.89m if you're conservative, up to 179.5 m if you want to be very optimistic!!!! Remember, this is only Melvin's short position....factor in ALL the other short HF's positions, and naked shorts...and this, fellow apes, is also one of the reasons why I am pretty zen like when i see the price fluctuate - it does not matter what the price is now...as one day, they will need to cover all these shorts and then fellow apes, we'll party.

Confirmation-Bias-and-Discussion/2021-05-31-The-Tables-will-Turn.md

@@ -0,0 +1,88 @@
+The tables will turn
+====================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/isnisse](https://www.reddit.com/user/isnisse/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/) | 
+
+---
+
+[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)
+
+Introduction
+
+For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later.
+
+In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF's. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression.
+
+To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken).
+
+Disclaimer:
+
+1.  It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated.
+
+2.  I am not a professional data analyst, nor am I claiming my points as objective truth, I'm simply an ape that like the stock.
+
+3.  It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish.
+
+4.  Keep in mind that I'm a Europoor. I use a European version of excel, that's why you see ","s where "."s should be.
+
+5.  I'm not that good at exceptional regression.
+
+Goal:
+
+- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen.
+
+- I'm using exponential regression and comparing when the breakthrough is going to happened.
+
+- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter)
+
+Data collection:
+
+I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/)
+
+The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression.
+
+Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then.
+
+Outcast of the data:
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821)](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821)
+
+I manually typed the numbers in. But I checked it twice and it seems like there aren't any typing errors.
+
+Data input 1: Highest price for each day since Feb. 19th
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884)](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884)
+
+It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line.
+
+Important note: R^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R^2 regarding highest price for each day is closer to 1.
+
+Data input 2: Lowest price for each day since Feb. 19th
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04)](https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04)
+
+As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action.
+
+Comparing data (Speculatory breakthrough date):
+
+-   "Highest" = From Highest price on x day
+
+-   "Lowest" = From Lowest price on x day
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc)](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc)
+
+Datasets 1 and 2 + breakthough point
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535)](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535)
+
+x = Day 78 y = Price
+
+-   Breakthrough = (78.28, 214.72)
+
+As seen on the graph above it shows that the highest price will cross the lowest price on day x78, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do.
+
+Conclusion:
+
+June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth). It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into o

Confirmation-Bias-and-Discussion/2021-06-03-Price-Action-is-Shockingly-Similar-January-February-and-March-Runups.md

@@ -0,0 +1,107 @@
+PRICE ACTION IS SHOCKINGLY similar to NOT ONLY the 2/24-3/10 runup, but also to the JANUARY run from $20 - $480. T+35 / T+21 elaboration.
+=========================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/sharp717](https://www.reddit.com/user/sharp717/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrud2r/price_action_is_shockingly_similar_to_not_only/) | 
+
+---
+
+
+[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)
+
+I'll start with the usual: I am not a financial advisor. I do not provide financial advice! Everything following this is opinion/observation. Much of my knowledge of the markets has been acquired through reading countless hours of DD posted by others in this sub.
+
+I'm not one to buy into the echoed phrases of this sub... but I am in fact JaCKeD tO tHe TiTs!
+
+OBLIGATORY - BuY & HoDl!
+
+Now that that is out of the way, I would like to reference a few authors and their inspired DD that helped get me to this point of jacked tits. The below DD's are a must read if you have not already. I will attempt to summarize these briefly below.
+
+[u/Criand](https://www.reddit.com/u/Criand/):
+
+[1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) The flurry of rules before the storm. GME might be hitting T+35 and T+21 next week
+
+[2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) Things are shockingly similar to the February 24th and March 10th runup
+
+[u/myplayprofile](https://www.reddit.com/user/myplayprofile/) - I Got What You Quant ([Link](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3)) - this is just one of the authors DD's, but it goes into linear correlation which is now shifting to logarithmic correlation between GME & AMC prices. AND he explains how there is the possibility that AMC is being used by hedgefucks to hedge their GME losses.
+
+_________________________________________________________________________________________________
+
+This post is focused on [u/Criand](https://www.reddit.com/u/Criand/)'s DD, which enlightened me and many others as to what the fuck has been going on with the 21 day / 31 day FTD cycles.
+
+Basically his DD ([1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/)) is the most accurate hypothesis that we have to date regarding the FTD cycles, and DD ([2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)) shows how this theory is now supported by the price action seen on May 25th and in the following days.
+
+Key Points:
+
+-   He clarifies the confusion around why the standalone T+21 day FTD cycles, which have been shown to cause price surges, do not act the same way as they did during the $480 run and the $350 run.
+
+-   Explains how the Feb-March $350 run was caused by a dual event of T+35 & T+21 day FTD cycles occurring in close proximity to one another (back to back trading days)
+
+-   Notes that the Feb 24th initiation of the run up to $350 was exactly 10 days before we peaked at $350
+
+-   He references [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s DD, which shows how gamma neutral spikes on day 1 of the $480 and $350 price run ups, returns to normal for about a week, and then spikes up massively again, initiating the January and February Gamma Squeezes
+
+Below is my furtherment of [u/Criand](https://www.reddit.com/u/Criand/)'s work all in one concise graphic which feels oddly like a child to me right now. Not sure if that is just because I have not really written any DD's before.
+
+Please click the image to view it blown up and actually take in what is being laid out for you with my lovely computer crayons which I swear to god I don't eat... EVER.
+
+[![r/Superstonk - PRICE ACTION IS SHOCKINGLY similar to NOT ONLY the 2/24-3/10 runup, but also to the JANUARY run from $20 - $480. T+35 / T+21 elaboration.](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77)](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77)
+
+Transparent boxes represent the initiation of the combined T+35 / T+21 day price movements + 6 days (because it has only been 6 trading days since
+
+Notes:
+
+-   I am not sure why I called the $480 and $350 price run ups in the visual "Micro Squeezes", but thats what came to mind. Perhaps gamma squeeze is more appropriate given [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s recent DD?
+
+-   Yellow is micro squeeze 1
+
+-   Blue is micro squeeze 2
+
+-   Pink is the past 6 days
+
+Alright folks. I have talked a lot about other peoples work, and given you a graphic. Now comes my value add.
+
+Key observations:
+
+-   Not only was it a 10 trading day ramp up from the February 24th initiation to $350 on March 10th, but it was also EXACTLY 10 TRADING DAYS between the January 13th initiation to the $480 peak on January 29th. My reason for calling this out specifically is that it strengthens the theory surrounding the combined T+35/T+21 day price movements, and helps us further establish that we could potentially go PARABOLIC AGAIN 10 trading days from 5/25 on JUNE 9th. Will they be able to stop us this time? Maybe it doesn't even matter if the do... See my next points
+
+-   In the aftermath of the January "micro squeeze" the Dec-Jan price floor of ~$20 DOUBLED, and the new price floor was set at ~$40 between Feb 5th - 25th. In the aftermath of the Feb 24th - Mar 10th "micro squeeze" the price floor of ~$40 TRIPLED, and the new price floor was set at ~$120 between Feb 5-25. Given that the price floor doubled and then tripled after these two events, could we be expecting the new price floor of more than 3X $120? (That would be a price floor of $360+ for those of you who needed help there)
+
+-   Edit to previous bullet. A wise ape suggested I un-jack my tits a bit, and he makes a fair point that "We can't assume that since it doubled in January from $20 to $40 and tripled in March from $40 to $120 that therefore the next floor must be more than 3x $120. What if the rule in the sequence is +20->+80->+140? Or what if +20->+80->+20->+80?" I have included this just to explicitly state that my question "could we be expecting the new price floor of more than 3X $120?" by no means is intended to say the price floor WILL triple again. I feel like this is a good point to say that this is speculation and theorization based on observation and nothing more. None the less, I am jacked to the tits.
+
+-   The MACD line has literally only had significant crossovers ([golden cross](https://www.investopedia.com/terms/g/goldencross.asp#:~:text=What%20does%20a%20golden%20cross%20indicate%3F,under%20a%20short%2Dterm%20MA)) 3 times this year.
+
+    -   Event 1, Yellow ($480 run)
+
+    -   Event 2, Blue ($350 run)
+
+    -   Event 3, Pink (May 17th - today)
+
+Additionally, I have plotted trend lines for each of the events.
+
+-   Event 1 (Yellow) we saw a 10 day increase of roughly 1,733%
+
+-   Event 2 (Blue) we saw a 10 day increase of roughly 770%.
+
+-   770 / 1733 = 44% or a 56% reduction in 10 day price increase, although the price was starting from a floor of $40 instead of $20.
+
+-   44% of 770% would be 338% starting from $120 which would mean a peak price of ~$405 in event 3, IF this short pattern continues exactly the same.
+
+-   THIS PATTERN WILL NOT CONTINUE EXACTLY THE SAME.
+
+-   I am only observing the trend of the current pattern. The sample size here is literally 2 events, albeit 2 very unlikely "coincidental" events. And I don't believe in coincidence.
+
+-   The pattern will break for many reasons, but the main reason is that hedge fund manipulation literally cannot continue forever.
+
+-   Once they get margin called its off to the races, and hopefully this event is the straw that quite literally breaks the camels back (Kenny G, you are the camel)
+
+Oh yeah... forgot about this one. LOOK AT THE VOLUME. ITS LITERALLY FUCKING INSANE. MEDIA IS PUSHING AMC, KOSS, ANYTHING OTHER THAN GME AND YET WE HAVE RUN UP FROM $132 (April 13th) TO $290 WITHOUT A SINGLE TRADING DAY VOLUME GREATER THAN 21 MILLION. WE SAW VOLUMES OF MORE THAN 150 MILLION IN JANUARY. WHAT THE ACTUAL FUCK.
+
+Alright guys. To summarize. We could be looking at going parabolic again on June 9th based on the pattern identified by the authors I mentioned above. The price action and technical signals are bullish as fuck. I fucking love all you mother fuckers who are holding this thing, and I will be holding till we can change the world.
+
+Last note. For dope technical analysis please check out the absolute man [Tradespotting](https://www.youtube.com/channel/UCI24I7XHA2yY4Fs-pVmplpA). I think this is his reddit [u/Frigerifico](https://www.reddit.com/user/Frigerifico/) and this is his [sub](https://www.reddit.com/r/tradespotting/). He's not some highly viewed bullshit youtuber. He's a genuine Scottish dude who is passionate as fuck about GME and is amazing at technical analysis. The dudes literally inspirational and will literally calm your fucking nerves about this whole thing. Literally.
+
+Trust the process Apes. See you in the far reaches of space.
+
+Edit: Formatting

Confirmation-Bias-and-Discussion/2021-06-07-A-Theory-of-Everything.md

@@ -0,0 +1,74 @@
+Final Pre-MOASS Post: A Theory of Everything (My Convo With Papa Broviet) 🙌💎🚀❤❤❤
+===================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Broviet](https://www.reddit.com/user/Broviet/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu8ycl/final_premoass_post_a_theory_of_everything_my/) | 
+
+---
+
+[Opinion 👽](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&restrict_sr=1)
+
+Well well well well wellllllllllll well.
+
+Where do I even begin? I'm high, tipsy, and just trying to come to terms with this past weekend. I saw my father for the first time in over a year today. Some of you know me, some of you don't, so I'll give you the quick rundown. Pops is a former MD at a major Wall St firm, reserved and skeptical boomer, who at the same time loathes market manipulators and regulatory bodies. BIG YUGE long-on-GME ape-loving genius boomer. He has his biases, but he's objective to a fault, and this weekend marked an enormous change in our relationship. I've legitimately been on the verge of tears for the last six hours just thinking about what you guys, and he, mean to me, and how on Earth I was going to try to structure this post.
+
+So I've decided... not to, really. I'm just going to tell it stream-of-consciousness as I felt it, not as I "wrote" it. You can choose to take from it what you will. Take inspiration, take resilience, take whatever, or nothing at all. I truly don't care. I've been found and contacted, received buyout offers, received threats, received threats about revealing threats, it is what it is. What happens to me, you the reader, or any of us, is out of our hands. We stand and fight and what happens happens. But this weekend changed me, so I'm gonna be telling it like it is. Warning: this is gonna be LONG. If you don't want to stick around, I don't blame you. This is just a story of a kid finally meeting his dad on common ground, and there are plenty other BRILLIANT posts. For those still interested...
+
+My father and I's paths to Finance were vastly different. Out of college, he was pursuing an entirely different vocation before switching to Finance, whereas I went towards it directly after school. He had his MBA before setting foot on a much kinder Street. Whereas mine marked the end of my appetite for endless moral qualms and empty bottles. So he settled in as a much more journeyed and composed adult, whereas I floundered. I tried to salvage it with a graduate degree and a focus change, but it did nothing for me. To this second, my parents still don't know that most of the time they thought I was on the other coast of this continent doing consulting work, I was on another continent(s) working for a couple public sector entities. International Relations was always my greatest educational love, so I wanted to try my hand at humanitarian/peacekeeping work, and enjoyed it a great deal. If I lost a tooth, I'd tell my mother I took up boxing and had a rough day sparring. Or that my constant cough was a result of change in climate and not pollution. If they ever read this, it'll be the first time they've heard. Still haven't decided if I do or don't want them to ever find out.
+
+Eventually, that experience broke me down, and I returned home to pursue an entirely new industry and career path, which I also love. Diving into behavioral economics and data science has been incredible, and GME couldn't have hit at a more perfect time. Y'all are everything to me, truly. I had barely even dabbled in investing since I'd left the Street, and you not only brought me back full tilt, but have also shown me what I want to do for the rest of my life. As a thank you, if I can, I want to give you the most insight I can into a genuine battle between the skepticism and disbelief that comes from age, wisdom, and shattered expectations, and the hope, optimism, and doggedness that can only be born of youth.
+
+We discussed everything. [/u/atobitt](https://www.reddit.com/u/atobitt/)'s prescient HoCs, leavemeanon's speculations regarding ETFs and arbitrage, sovereign wealth funds divesting from USD, Fed divesting corporate bonds, MSM brainfarts, etc. You name it, we went over it. And after it all, he was still cautiously optimistic. You have to understand... this man was not born with a silver spoon. I was, thanks to him. He busted his ass, one of many kids, and ascended to the top of the industry. He earned every dollar he ever made, and I would put his moral compass up against anyone else's on Earth, and that's "on God", as the younger apes say. So while he was there, he was able to benefit from having the power of the system behind him. But once he was out, he was just another John Q Public. No matter how he worked, that was how he lived. And he would always tell me, same as you'll hear on Superstonk, "Nobody is your friend. They're always gonna step in and bailout the offender, because it's easier than the alternative."
+
+And he planted that notion firmly in my head. Thankfully, 6 months with you glorious bastards has eradicated my doubt.... But I was a kid in 2008. This dude lived through '62, '73, worked through Black Monday, Black Wednesday, Dotcom, and, with all that knowledge, watched '08 unfold in front of his eyes with complete and total understanding of the fuckery afoot. He saw, as he calls it, the government's preferred method of "dealing" with these situations. Stepping in and "taking over" the offenders. Years later, those offending institutions are right back to their old game. No justice for retail. NEVER. Like you guys say, they're ALL out to get you, you have no friends in this game, you can't win....
+
+"But," I asked, "What if they CAN'T step in and unwind this?" He asked why that wouldn't be possible. So I explained that, if everything we'd just discussed was accurate, there are, at minimum, hundreds of other mini-GME bombs out there just waiting to detonate. The SEC abolished grandfathering/"forgiving" phantom shares in 2008 after the Overstock situation was exposed, swearing they'd never do it again. So...let's say they decided to do something similar and spit in the face of their own regulations. They step in and shut it down, forgiving all those shares. So now you've pissed off 5+ million retail investors, dozens of sovereign nations, and everyone is frothing at the mouth, calling for heads to roll. People might already be out in the streets, orchestrating massive movements that co-opt the many already-existing groups of citizens with massive disdain for the current system....
+
+And while that's happening, you've still got hundreds of other companies shorted to the tits that you need to address. What are you gonna do? Start working your way down the list, giving Wall St a do-over on every last one of them? Try that shit with the whole world watching, as their retirement accounts tank 60%, because that's where it's going regardless. "So how do they fix it piece by piece?"
+
+That was the longest silence of my life. I had gone full tin foil, as far as my family is concerned. I was making connections that bordered on irresponsible, but I hadn't been immediately shot down yet. My father has this..... very judgmental expression that he somehow limits solely to his eyes. But even those alone just scream "You're an idiot, but I love and pity you." Instead, I was now getting "hold on, lemme think." Then he said it. "They cant."
+
+This was the breakthrough that I'd been searching for, without knowing it was there. I had no idea that his mental block as to the possibility of a deviation from the status quo hinged on the severity of a situation. He had never seen something THIS systemic before. There was always a culprit, or culprits. I was able to convince him to buy in because he believed in the fundamentals, but he never REALLY believed that it had the capacity for such a monumental squeeze until just now. Because by his view of the government's favored "M.O.", they would just step in and take over. Well, if the government needs to "own" Fannie Mae, Freddie Mac, the ten largest banks, most hedge funds, the DTCC, and every other large regulatory and clearing institution just for their citizens not to be destitute, maybe it's time they just take the whole thing over, eh?
+
+He agreed that this course of action was simply untenable. "So...what's the right play?", I asked.
+
+"I don't know."
+
+Not sure I've ever heard those words from him before.
+
+With all his somberness in how he said it, his eyes somehow brightened. Like..... somehow, the fact that his brain didn't IMMEDIATELY take the skeptic's path amused and enthused him. We are different. We were born with this hope, this insane belief that we could somehow claw our way through all the bullshit to a meaningful existence, all thanks to beautiful internet movements like this one. His eyes now screamed "there's something to this. I don't know what this feeling is, but for once it's not disappointment." It was beautiful. I don't think I've ever been more ecstatic to score such a small victory.
+
+This was his core tenet. After all, one of his favorite quotes is a Superstonk staple, by J Paul Getty: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." He was amazed that they may actually have dug the hole THAT fucking deep, and he just opened up. He actually entertained a MODERATE amount of my tinfoil! We talked about how the implications of this.....
+
+Okay, time out. I gotta address this. To the "the market is not the economy" squad: FUCK YOURSELVES. When the hole is THIS deep, it penetrates not just the economy, but geopolitical power dynamics. Take, for example, our relations with South Korea and Japan. When I informed pops that the Russians had divested their USD holdings, he commented about the paltry amount that was compared to an entity like China. Come to find out, Japan, one of our most important allies, holds more US treasuries than the mother fucking PRC. And how Korea had abolished naked shorting a month after learning of its existence. Whereas their greatest strategic ally was allowing this behavior to continue unchecked, to the point where U.S. markets collapse, cascading and destroying the Korean market in turn. How many sovereign nations must we betray before everyone turns on us? How many global citizens must we disenfranchise before we are exiled from the global community? Okay, sorry, moving on!...
+
+Dont take this the wrong way....but my father hates Europe. Well...mostly France. I kid I kid. He's one of the most inclusive dudes ever. But he's also a rurally-raised, All-American boy that jokes about soccer being communist and the French rifles being "never fired, dropped once". Truly all in good humor, but he's just...that dude, you know? But that dude, swear to god, actually said "If they actually stepped in and stopped this from happening....I really don't know why anyone wouldn't just immediately move to Europe."
+
+Blew my mother fuckin mind, y'all. I can't even put it into words.
+
+He drew a connection this weekend. He's a huge golf fan. His favorite golfer is Brooks Koepka, who hates this other golfer Bryson DeChambeau, who hates him back even more. Pops was THOROUGHLY amused to find out that Koepka was offering free beer to people that taunted DeChambeau on social media. He then likened that situation to the power of the GME memes I'd shown him courtesy of Reddit and Twitter...
+
+He was getting it. He was seeing the value in our way of doing things, and the power it has on society. How it drives engagement, involvement, INTEREST. Leveraging the fascination with social media to drive REAL interest to a cause.
+
+I don't know what's gonna happen for sure. Neither does pops. All we've managed to see eye to eye on is that the government has two options. In either, the current system goes away. Either you leave retail with one last giant "FUCK YOU!", leaving millions disenfranchised and destitute, chomping at the bit for politician and banker blood. Or you give retail a win. One fucking win, as a gesture of good faith, that whatever new system that arises from the ashes of this fraudulent one might be the SLIGHTEST bit friendly to middle America.
+
+Pops was mystified by the lengths we were willing to take this. 6 months of endless fuckery. 24/7 FUD, no safe harbor in sight. And still we persevered. He believes that we've finally reached Malcolm Gladwell's "Tipping Point", that us 20% of people were finally doing the 80% of the work necessary to meet the Pareto Principle. That the citizens of the world finally had sufficient interest and involvement to to drive undeniable change. And that that is what we are seeing right now. There are so many eyes, so many fingers, so many minds on this trade, there's no way to lose. We have no liquidity requirements. We have no deadlines. We just BUY. We just HODL. That's all there is. That's all there's ever been. Apes have awakened and discovered this principle, and they truly believe it. Pornstars are posing with 'The Intelligent Investor'. Floyd Mayweather is wearing CRYP70 shorts into his fight. I'm personally seeing Shibecrap headlines by boomer news anchors on NYC cab screens. This shit is really and truly mother fucking unprecedented.
+
+History doesn't repeat itself, but it does rhyme. Much like the boom/bust cycle, the wave recedes only to crash harder the next time around. The proletariat is only docile until they're not. Is this the wave that levels everything?
+
+"I don't know. But it's sure gonna be interesting", pops said.
+
+I'm not sure I can properly thank you all for opening my father's mind up to the idea of a decentralized movement triumphing over entrenched power. I really, truly, deeply, and forever will love each and every one of you. No matter what happens, I know what I want to dedicate the rest of my life to, but I (and papa Brov) are pretty damn bullish about the fact that apes have adopted an entire second job to combat fuckery.
+
+Which brings me to my last point. I know you are all just as flabbergasted as me that we've managed to beat hedgies into submission when this isn't even our day job. But that's just the point. If you're still reading this, you've dedicated most of your free time for the last 6 months to this movement. You've read every DD, every News, every Opinion, just to make sure you've got the full picture. And the result? You've got a better picture than the people you're up against. Because you genuinely care. Feel pretty good, eh? Well.... I hate to be the bearer of bad news, but this isn't magic, it's math. This isn't a miraculous movement. You saw a problem, you identified the issues, and went about solving them. Hundreds of thousands of you. And what you were left with was a prime example of "wisdom of the crowds". One step ahead in every way. Smarter, better, faster, stronger. I worry that some of you are viewing this battle in a vacuum, rather than as what it represents...
+
+We can call for campaign finance reform, to expel outside influences, etc, but at the end of the day, the only person you can trust is YOURSELF.
+
+This is something you need to understand. This trade, this movement...is not a mistake. Because of the wisdom of the crowds, we accumulated enough data to make an intelligent play. But going forward..... you must understand this is your new second job. Yes, it already has been for months, but now we're making it official. If you want to beat the street, you have to put in the hours. Thankfully, between us, we have hours to spare! But only if you remain diligent. This is your life now. Even if the current system collapses, the next one will be built against your interests. Are you ready to put in the work to combat fuckery? I think you are. So does pops.
+
+I saw a light in my father's eyes this weekend that I've never seen before. And I've never felt closer to him, and it's all thanks to you. So much love to each and every one of you.
+
+TLDR: "The price of liberty is eternal vigilance" - Wendel Phillips
+
+🙌💎🚀🚀🚀🚀🚀🚀❤❤❤❤❤❤❤❤❤

Confirmation-Bias-and-Discussion/2021-06-08-350-Might-Be-Endgame.md

@@ -0,0 +1,30 @@
+$350 might be the absolute endgame. Here's why.
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Schwaggaccino](https://www.reddit.com/user/Schwaggaccino/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvc6g5/350_might_be_the_absolute_endgame_heres_why/) | 
+
+---
+
+[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)
+
+I feel like $350 at close is the absolute endgame for hedgies. True, don't place your faith in any dates or numbers however, over the course of the past 5 months, we've got more and more data and are now able to notice certain patterns and trends. Right around the ballpark of $350 (could be $348 or $352 - give or take a few) is where we see a crazy amount of resistance from shorters. Forget about peaking at a really high number for an hour, we are more concerned at closing at a really high number - above $350. Margin calls take place after trading hours. Most hedgies have 2-5 days to meet margin requirements and if they fail to do so, it's absolutely game over and they start buying back in, the dominos start to fall and put an unimaginable amount of pressure on Shitadel and other giant hedgies to stay alive. Let's take a look at some dates.
+
+Reminder: We've never closed above $350
+
+1/27 - $347 at close ($380 peak)
+
+1/28 - $193 at close ($483 peak)
+
+1/29 - $325 at close ($413 peak)
+
+3/10 - $265 at close ($348 peak)
+
+6/8 - $300 at close ($344 peak)
+
+It's not a coincidence they absolutely start shitting their pants above $350 and shorting it with everything they have. The only difference between today and Jan/March peaks are the repo agreements which gives hedgies access to fast cash to meet margin requirements (in other words, they are on life support right now unlike back in Jan/March when they didn't need it). The difference for us are the steadily rising support levels. It's not any easily manipulatable gamma spike with paperhands selling early anymore. There's a solid support line for us to keep their shorts from sending us back down to $40 again. In March, the effectiveness of their shorts weakened from tanking the price from 90% to just 50%. Today, it was a sub 20% drop. Their shorts are becoming less and less effective as the price continues trending upwards on utterly miniscule volume. Tick tock hedgies. Sooner or later we'll close above $350.
+
+Once again, don't place any hope on certain dates or numbers as we've already seen too many come and go, however closing above $350 is just too interesting to ignore. It might be your final chance to buy in.
+
+tl;dr: HEDGIES R FUKT

Confirmation-Bias-and-Discussion/GME-Exponential-Floor-by-JTH1/2021-06-08-Exponential-Floor.md

@@ -0,0 +1,12 @@
+06/08 UPDATE: Slightly more pimped $GME exponential floor tracking chart 🚀🚀🚀
+===============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvcwn5/0608_update_slightly_more_pimped_gme_exponential/) | 
+
+---
+
+[HODL 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+[![r/Superstonk - 06/08 UPDATE: Slightly more pimped $GME exponential floor tracking chart 🚀🚀🚀](https://preview.redd.it/ej6hoobni3471.png?width=640&crop=smart&auto=webp&s=5237ae5339313f057b8c367d211bbb764b9ad13b)](https://i.redd.it/ej6hoobni3471.png)

Confirmation-Bias-and-Discussion/GME-Exponential-Floor-by-JTH1/2021-06-09-Exponential-Floor.md

@@ -0,0 +1,12 @@
+06/09 UPDATE: Buckle up 🚀🚀🚀
+==============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw4v9i/0609_update_buckle_up/) | 
+
+---
+
+[HODL 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+[![r/Superstonk - 06/09 UPDATE: Buckle up 🚀🚀🚀](https://preview.redd.it/5qujmiftna471.png?width=640&crop=smart&auto=webp&s=8c5fd9b584a67f968eb1a7136dcb7610849bca68)](https://i.redd.it/5qujmiftna471.png)

DD/2021-02-01-Following-the-Bread-Crumbs-How-GME-Exposed-the-Meta.md

@@ -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?

DD/2021-02-01-Lets-Talk-About-Options-Calls.md

@@ -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.
+
+[![r/wallstreetbets - Let's talk about the GME $800 Calls for 2/5, 2/12, 2/19 and 3/19](https://preview.redd.it/3ovlfm0r5ze61.png?width=1777&format=png&auto=webp&s=ac534b7e8fd03d8dc1b1ac3ff68e16e2773a5df6)](https://preview.redd.it/3ovlfm0r5ze61.png?width=1777&format=png&auto=webp&s=ac534b7e8fd03d8dc1b1ac3ff68e16e2773a5df6)
+
+GME 2/5 $800 Calls
+
+[![r/wallstreetbets - Let's talk about the GME $800 Calls for 2/5, 2/12, 2/19 and 3/19](https://preview.redd.it/y9fov47t5ze61.png?width=1774&format=png&auto=webp&s=2b963e0f8e1a6edc6ab193cd64d7e9c6ffbe62aa)](https://preview.redd.it/y9fov47t5ze61.png?width=1774&format=png&auto=webp&s=2b963e0f8e1a6edc6ab193cd64d7e9c6ffbe62aa)
+
+GME 2/12 $800 Calls
+
+[![r/wallstreetbets - Let's talk about the GME $800 Calls for 2/5, 2/12, 2/19 and 3/19](https://preview.redd.it/4mui0z6x5ze61.png?width=1786&format=png&auto=webp&s=3937bb23e0bb7e2c1e74fcd9066817777d431c1b)](https://preview.redd.it/4mui0z6x5ze61.png?width=1786&format=png&auto=webp&s=3937bb23e0bb7e2c1e74fcd9066817777d431c1b)
+
+GME 2/19 $800 Calls
+
+[![r/wallstreetbets - Let's talk about the GME $800 Calls for 2/5, 2/12, 2/19 and 3/19](https://preview.redd.it/b21gob6z5ze61.png?width=1788&format=png&auto=webp&s=615555f4e98da988c49a89ea5991d6c7063ff7a9)](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!

DD/2021-02-06-Theres-No-Mathematical-Way-that-Shorts-Have-Covered.md

@@ -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).
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/hm1mk6i09yf61.png?width=600&format=png&auto=webp&s=1bbe89497fafa8b1d449cf203c66ad2b62cbe111)](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...
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/t8yyps5bayf61.png?width=600&format=png&auto=webp&s=e17249ce1c3e2349d7d082a2690d77bfa4a8c3ad)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/8dutm3frcyf61.png?width=600&format=png&auto=webp&s=458d804b49dea6f728ea29f3946a506a6ac2113b)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/iokqj1i4dyf61.png?width=600&format=png&auto=webp&s=533c7228e8ff52bbb6cc23fe7bc0a145f0716efe)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/udf0do41fyf61.png?width=600&format=png&auto=webp&s=af67822fa65e5df33bf2b994c30602f7b8582904)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/8401qqamiyf61.png?width=600&format=png&auto=webp&s=308bf45b5b5f75766d96d57ca55bbee0b9c873eb)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/bxnpcbheuyf61.png?width=600&format=png&auto=webp&s=9fe167ab117d9d361f7f2926d85bc837319dcf33)](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.
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/dzjkv3zqlyf61.png?width=600&format=png&auto=webp&s=30b68bc546184bc5e079101a4c9d9d66b1955365)](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....
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/kolo2hw7ryf61.png?width=600&format=png&auto=webp&s=da005e3f065d05341a1fa196c07c9b3b3523793b)](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.....
+
+[![r/wallstreetbets - How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares](https://preview.redd.it/yscv7o1ssyf61.png?width=600&format=png&auto=webp&s=86594c24fa071bee2a7b7b2e25f607241c13e9b3)](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!

DD/2021-02-08-How-the-Short-Interest-Report-could-be-Falsified.md

@@ -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.

DD/2021-02-09-GME-and-AMC-Short-Interest-Data.md

@@ -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 🚀🌒

DD/2021-02-11-ETFs-have-the-Biggest-Diamond-Hands.md

@@ -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.
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/que46dcz8ug61.png?width=479&format=png&auto=webp&s=88d0b013d6e46a5b6a32796427300aedc75e1655)](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
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/anbpcwwievg61.png?width=638&format=png&auto=webp&s=5c5bc1cfc543ef5eb7cfcea77fd623e7cfc6493a)](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!
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/9dy3aif1gvg61.png?width=678&format=png&auto=webp&s=226115f2d52e6b3a52bd626810b4d431d7ce1b87)](https://preview.redd.it/9dy3aif1gvg61.png?width=678&format=png&auto=webp&s=226115f2d52e6b3a52bd626810b4d431d7ce1b87)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/9lvs77bxgvg61.png?width=633&format=png&auto=webp&s=ab2f16e293afd18e974655293e6ddc55207b9a15)](https://preview.redd.it/9lvs77bxgvg61.png?width=633&format=png&auto=webp&s=ab2f16e293afd18e974655293e6ddc55207b9a15)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/3mpb1po2gvg61.png?width=603&format=png&auto=webp&s=82479db15f7cbbe56f64a46e87a1c69b3e25ea52)](https://preview.redd.it/3mpb1po2gvg61.png?width=603&format=png&auto=webp&s=82479db15f7cbbe56f64a46e87a1c69b3e25ea52)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/0tbdq0xygvg61.png?width=594&format=png&auto=webp&s=f63084139f9e9f43b82c323821ee63c100e04b41)](https://preview.redd.it/0tbdq0xygvg61.png?width=594&format=png&auto=webp&s=f63084139f9e9f43b82c323821ee63c100e04b41)
+
+They also list the ones selling!
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/tpb2tiqkivg61.png?width=643&format=png&auto=webp&s=f7efb32cb493ee491de413db88ff24ae8b331fcb)](https://preview.redd.it/tpb2tiqkivg61.png?width=643&format=png&auto=webp&s=f7efb32cb493ee491de413db88ff24ae8b331fcb)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/5f5upr8dlvg61.png?width=620&format=png&auto=webp&s=a1de0b9ccb23735c232613cf7cd058761a3a56fd)](https://preview.redd.it/5f5upr8dlvg61.png?width=620&format=png&auto=webp&s=a1de0b9ccb23735c232613cf7cd058761a3a56fd)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/uyrjp6anivg61.png?width=609&format=png&auto=webp&s=e01214466fc0f72223b79c63d7f4b363ded460d9)](https://preview.redd.it/uyrjp6anivg61.png?width=609&format=png&auto=webp&s=e01214466fc0f72223b79c63d7f4b363ded460d9)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/8ju0y0foivg61.png?width=622&format=png&auto=webp&s=b8368b6cc7d07a2076513991077414e52c2cfd71)](https://preview.redd.it/8ju0y0foivg61.png?width=622&format=png&auto=webp&s=b8368b6cc7d07a2076513991077414e52c2cfd71)
+
+Update 3: found something called "Concentrated holdings". Recent dates.
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/t8sujprpovg61.png?width=630&format=png&auto=webp&s=3bde5c603584b3e2515fe0055de8fa1474d1fabc)](https://preview.redd.it/t8sujprpovg61.png?width=630&format=png&auto=webp&s=3bde5c603584b3e2515fe0055de8fa1474d1fabc)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/6875mlsqovg61.png?width=620&format=png&auto=webp&s=6911abb592c70927c6d6c5b6b253e4d009655924)](https://preview.redd.it/6875mlsqovg61.png?width=620&format=png&auto=webp&s=6911abb592c70927c6d6c5b6b253e4d009655924)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/6627b67sovg61.png?width=615&format=png&auto=webp&s=542d3f15e81d2ba4cd7f5ac8bd07bfd4ec192e6c)](https://preview.redd.it/6627b67sovg61.png?width=615&format=png&auto=webp&s=542d3f15e81d2ba4cd7f5ac8bd07bfd4ec192e6c)
+
+[![r/Wallstreetbetsnew - The ETFs have the biggest Diamond Hands and went on a Buying Spree. GME Float is only 27 million shares!](https://preview.redd.it/m0gp1hqtovg61.png?width=618&format=png&auto=webp&s=42cd7da38ab885fea5ef44a5484ae775453addfe)](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.

DD/2021-02-11-GameStop-Short-Interest-and-Floats.md

@@ -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
+
+[![r/Wallstreetbetsnew - GameStop: Short Interest and Floats](https://preview.redd.it/z7dyzgit2sg61.png?width=479&format=png&auto=webp&s=76cebbecbe12ec4c25ff9ea2aedd5d3ac20d9e7a)](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%
+
+[![r/Wallstreetbetsnew - GameStop: Short Interest and Floats](https://preview.redd.it/1o9ddkz44sg61.png?width=221&format=png&auto=webp&s=cfe840f7d74c91f8765d7efb94caf4550cf2f34a)](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
+
+[![r/Wallstreetbetsnew - GameStop: Short Interest and Floats](https://preview.redd.it/inlvx72t4sg61.png?width=104&format=png&auto=webp&s=d73e4c70b17ddc7ef8191f8ff2f617462f9d58f3)](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/>

DD/2021-03-18-There-is-No-Doubt-that-Apes-Own-Greater-than-100-Percent-of-the-Remaining-Float.md

@@ -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. 🚀
+
+[![r/GME - 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 ! 🚀](https://preview.redd.it/jlivhj2mttn61.png?width=454&format=png&auto=webp&s=1aa1145e82687682b56b14ab315fbb0734d47e30)](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%)
+
+[![r/GME - 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 ! 🚀](https://preview.redd.it/oqd5jj2prtn61.png?width=386&format=png&auto=webp&s=0bd0a24b23e1da28f023594848891bd3a781bb46)](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:
+
+[![r/GME - 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 ! 🚀](https://preview.redd.it/eb99z717i8o61.png?width=1170&format=png&auto=webp&s=75a7195987db9ed41b8407eaa0c1e3cacc56a627)](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:
+
+[![r/GME - 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 ! 🚀](https://preview.redd.it/i8fahnkgi8o61.png?width=1170&format=png&auto=webp&s=0849de187deb52bafb8604c8566def34cb819714)](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! 🚀🚀🚀
+
+[![r/GME - 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 ! 🚀](https://preview.redd.it/wzqwxg1s4vn61.png?width=453&format=png&auto=webp&s=17f4324686bb3fde2911574f86051e24e7e376c2)](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>

DD/2021-03-31-Mythbusting-Can-You-Set-the-Price-for-your-Shares.md

@@ -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.

DD/2021-04-10-Institutional-Ownership-and-Short-Interest-Proof-that-Hedgies-are-in-Deep-Shit.md

@@ -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.

DD/2021-04-15-GME-DD-Cheat-Sheet.md

@@ -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/)
+
+[![r/Superstonk - The GME DD Cheat Sheet](https://preview.redd.it/w1t2xj7v4ct61.png?width=730&format=png&auto=webp&s=8fd0f6a31b05979ca2943407ad50985ed86d0b15)](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.

DD/2021-05-07-Negative-Volume-Prints.md

@@ -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!

DD/2021-05-07-Ryan-Cohens-Kill-Shot-The-Reverse-Merger.md

@@ -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?
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/u187w1yyxrx61.png?width=512&format=png&auto=webp&s=eba4369c1f55655cae2c4603de8d74fa4dd2c44b)](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
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/e7c3rodiyrx61.png?width=1264&format=png&auto=webp&s=356944c81ec0e08be4da473605260def8e819f75)](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 #
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/rcjd1rbu3sx61.png?width=1027&format=png&auto=webp&s=94a30a8b7979391f95da12571a11c17212049340)](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?
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/yx4fhnni0sx61.png?width=853&format=png&auto=webp&s=acecc5de4bd90ec5f9954cf3521f0c1cca8f88c3)](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
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/upodiaca6sx61.png?width=1072&format=png&auto=webp&s=29e37b1a8cce286ee975db6237fea537941885cc)](https://preview.redd.it/upodiaca6sx61.png?width=1072&format=png&auto=webp&s=29e37b1a8cce286ee975db6237fea537941885cc)
+
+Apple Dipped in march
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/rhyt5ueg7sx61.png?width=782&format=png&auto=webp&s=e3c2b3dd492f84109a3250ec7454066731b2bf4c)](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
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/9cdlcnszmrx61.png?width=660&format=png&auto=webp&s=7e2484774d51eb4f04717fbfcf5778088790cae9)](https://preview.redd.it/9cdlcnszmrx61.png?width=660&format=png&auto=webp&s=7e2484774d51eb4f04717fbfcf5778088790cae9)
+
+RC points out they are being shorted
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/zbwbki57nrx61.png?width=721&format=png&auto=webp&s=7ee342586d2f18d1d2c04392b99511aca7b310fb)](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)
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/yd73uunuprx61.png?width=1624&format=png&auto=webp&s=d1fcb33279f19180016899e26c7985ab47c48f53)](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)
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/l0jpu8o6rrx61.png?width=1649&format=png&auto=webp&s=28b7feeae5c4196c6c8da7d117d78a86922f5cb5)](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%)
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/0b5p08rdrrx61.png?width=1643&format=png&auto=webp&s=d7fd82608601775e596b1b46ca5f69b39cc06fd0)](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
+
+[![r/Superstonk - Ryan Cohens Kill Shot....the Reverse Merger](https://preview.redd.it/uj064b2iwrx61.png?width=1547&format=png&auto=webp&s=c5d8a416efddec1808b860f02e1623027d6dd293)](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

DD/2021-05-09-They-are-Running-Out-of-Options.md

@@ -0,0 +1,364 @@
+They're Running Out of Options - Estimating potentially hidden FTDs using public options data
+=============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8gflf/theyre_running_out_of_options_estimating/) | 
+
+---
+
+
+[🤖 SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&restrict_sr=1)
+
+Hello you sexy silverbacks, I'm one of the many silent holders and I'm really hoping at least one ape *tries* to read this shit. It's taken me some time to go through everything and type this up, so go find somebody with a nice deep reading voice baby I MEAN I'M JACKED,
+
+IM JACKED TO THE TITS\
+I've seen scattered posts on a lot of this stuff, but I'm trying fit the pieces into a more linear argument. I do my best to present data and let it tell it's story.
+
+That said, I wrote I a lot of shit down there, so I wrote most of it in a way that hopefully won't make your mom's boyfriend fall asleep while to reading to you.
+
+I think I linked everything I used so ..
+
+Please let me know where I'm off!!\
+( [This important post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Makataui](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Makataui/) - a Psychology professor who's made a living on his ability to logically discern shit- goes over the importance of critical thinking, especially in our dopamine bath of confirmation bias and group polarization !! Save it for later, at the very least. )
+
+Also this isn't advice, some of it will be wrong - it's my interpretationspeculation of data.
+
+It's blind ape's description of an elephant.
+
+TLDR:\
+If you don't like foreplay you can skip to the numbers warning. If you don't wanna read any of it I guess just hodl until Jan 21, or at least wait for a bankruptcy or two. Basically there are so many ways to indefinitely roll FTDs into the future, the number of actual fails in GME, and maybe the whole system Idk, is pretty much a measure of Wall Street's integrity.
+
+//
+
+Okay, so
+
+1\. Options Options\
+I've been digging through [GME options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-04-30-w&moneyness=allRows) for a while, and I found some, uh, colorful numbers. I'm hoping someone less autistic than I am can tell me why they smell like horse shit.
+
+Most of GME's expiry dates, EXCLUDING 7/16/21 and 1/21/22, are pretty boring. Not only are there low volume and open interest, there are far fewer strikes with interest, *especially* at sub $50 strikes. But for July 16 and Jan 21, strikes climb in $0.50 increments up to $5.50. Most other dates begin $5, usually moving in $5 or $10 increments.
+
+Alright I'm losing you already so I'll back up and explain as I go along. If you know this shit already skip to - (???????? ????????)
+
+Each option contract (call or put) represents a non-obligational right to buy (call) or sell (put) x number (usually 100) of shares for an agreed upon price (strike price) per share, by an agreed upon expiration date. These are contracts, not shares - owning the right to buy/sell has an opposing obligation to deliver/purchase. This means that options traders are not required to buy contracts before selling them. Typically the trader will instead buy 100 shares of the underlying security to "cover the call".
+
+This is one reason why looking at open interest data is useful. Open interest is the number of contracts yet to be settled at some expiration date, and the options data I linked above shows the interest of individual strike prices within that date.
+
+Contracts can be settled (and thus OI decreased) in 3 ways: 1) they can be exercised (buyer exercises his right to buy/sell), 2) they can expire worthless, 3) the seller can purchase the option back from the market
+
+Btw notice how I said "market" and not "buyer" - that's because when a contract's seller buys to close, the market (the OCC) fills his buy order (bid) with a random seller, even if one of his original buyers has a sell order (ask).
+
+This is largely for two reasons: 1) So a trader on Citadel's trading floor can close his position without waiting for individual RobinHood buyers to sell their calls, and 2) to prevent a trader from just buying calls from Phil down the hall (this will come up later, surprise lmao ofc he still can)
+
+Options chains are usually organized by strike prices at different expiration dates, and every buyer has a seller, so even if a trader buys to close, the overall OI on $60 calls will only decrease if he manages to buy back calls he originally wrote, otherwise that interest is just shifted to Credit Suisse or whoever sold.
+
+This means that, even if a trader's initial option position is closed, the option will still have interest until all buyers decide to sell.
+
+Note: Options are typically organized by strike and expiration, but that does not mean all traders trade at single strikes. A trader can fill my 250k order at $60, or he can tell me to fuck off and write 50 calls at every strike from $40-$60, adding more room to hedge and possibly making liquidity easier.
+
+So remember how I said there were options on 7/16 and 1/21 in 50 cent increments up to $5.50...
+
+(????????????????)
+
+2\. ETFs, FTDs, WTF\
+This is probably where you may want to break out the tinfoil...
+
+By looking at an [option's price history](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME%7C20210716%7C0.50P/price-history/historical) you can see when that option began trading, hinting at when the option was originally written, and almost every option within those weird 50 cent increments began trading just after the 2020 dip in March, with some going back further into 2019 at very low activity until March 2020. Note GameStop was trading around $3.50 before the March 2020 drop. These March dates aren't regular, either. Most other options were not traded until November, 2020.
+
+** *cue speculative cutscene* **
+
+Now, if I'm Phil the Hedge Fund Manager in March, 2020, looking at brick-and-mortar GameStop, a company I've been short for years on that's now trending into the dirt BEFORE a global pandemic --- and I'm watching all my friend's brick-and-mortar short positions furiously shitting Benjamins, what better way to print free money than just sell bunch of calls and wait for the iNeViTabLe bankruptcy? Mother Nature just broke into the ICU and stuck a knife in GameStop, says Phil, so if any of the calls are executed I'll just borrow the shares to cover them for a measly $350 per contract and maybe I'll borrow some more to deliver the first batch I borrowed. What? FTD? Is that like FYE?? Ehh who cares GME will be in retail heaven with Blockbuster and Toys Were Us by January. Flu season in a pandemic?? I'll see you in Barbados boyzzzz
+
+MAYBE Phil, with Ponzi-the-money-printer, earns his firm, Edgar Capital, [60 PERCENT RETURNS IN 6 MONTHS](https://web.archive.org/web/20210504013036/https://fintel.io/ip/melvin-capital-management-lp) and now his bosses who earned 10% last year are literally asking him to fuck their wives. And their daughters. In Barbados.
+
+Maybe things start to get [a little tense](https://web.archive.org/web/20210504013036/https://images.fintel.io/us-gme-fails-to-deliver.png) toward the end of September. Just a month ago Phil thought FTD was an STI and now people are calling him Margin Capital online :(
+
+Now seems like a good time to talk about what exactly happens when a trade fails. If your trades fail all the time already, skip to -
+
+(????????????????????)
+
+It might be helpful to think of any given hedge fund or capital group as.. less like a chess grandmaster and more like the guy who sells hotdogs downtown at 2 am. He picks the street, maybe he makes the chili, but unless he's selling to a restaurant, he's kinda fucked unless people stumble up to him. He's got some wieners in stock, but if there are more buyers than wieners, he might take their money and tell them to come back tomorrow for their hotdogs.
+
+Now picture millions of these bastards huddled inside their Broker-Dealer Cafeteria's, all stuffed inside Market Maker Superdome selling and promising food all day to orders coming in - add a few more superdomes and replace hotdogs with stocks, ETFs, options, blah blah that's basically the stock market.
+
+To set the scene, it's late August, 2020, and Grandma buys a share of Monster and at the end of the day, Phil has no Monster. Usually Phil's BD will lend Phil its shares (or just create them..) for a day or two, and if he doesn't find Grandma's Monster by then then, he must declare a fail-to-deliver. Well Phil has amnesia and after two days he just declares fail-to-deliver. Phil now has 3 days to find the Monster or Phil's Market Maker (who clears the BD's trade), on the fifth day, will force the BD to buy one with his money.
+
+*Unless* that BD vouches that Phil's a kind, forgetful guy, in which case Phil gets to tack on another 3 days.
+
+[This SEC document](https://web.archive.org/web/20210504013036/https://www.sec.gov/investor/pubs/regsho.htm) goes over these guidelines btw I'm not just spitballing
+
+*In a shocking twist of events* - Apple buys Monster and now Phil's fucked. There are no shares to borrow and Monster is too expensive to buy.
+
+Let's say the BD's Market Maker is Phil's wife's boyfriend's brother - and honestly the MM has so many shares he wipes his ass every day with them every day, so - if there's an ETF (basically a veggie burger of shares) containing Monster, he can use his MM authority to throw some Monster into a 50,000 share burger called a creation unit, then sell it to BD as a new share of the ETF. BD trades the ETF to Phil, who's been holding the BD's share so he doesn't fail to deliver, then Phil plucks a Monster seed from the burger and *voila* Monster is on the books - Phil shows the BD the MM's shares, winks, and the FTD is settled. On paper.
+
+The DTCC is the final clearing destination for most US trades. They allow 35 calendar days for MM's to settle, so Phil rented the MM's extension and the MM is trusting Phil to find Grandma's Monster in 35 days. When he does, he can sell the newly minted ETF share back to the MM, the MM puts the shares back in their places and it's all roses and ????????
+
+Oh btw, to tie in the hotdog guy analogy, you probably won't be surprised to know that the Superdome owns a lot of the Cafeterias inside. Many Market Makers *are* Broker-Dealers. This reduces internal regulation, and, because these trades are often beneficial for everyone except Grandma, they can potentially be abused.
+
+Okay to keep things realistic, let say Monster's only ETF is the Wedbush Addictive 50 ($WADD) and holy shit, Apple is in there too. Just before the ETF-burger move, the MM is out of Monster and and Phil's fuckedfucked
+
+In this situation, Phil can simply offer his wife to his MM, in which the MM can build the WADD as a creation unit of IOU's, called an [ETN](https://web.archive.org/web/20210504013036/https://www.investopedia.com/investing/etfs-vs-etns/), from which Phil can pluck the Monster IOU, and *voila* - Phil's has a happy Grandma and a happier wife
+
+(????????????????????)
+
+MMs generating ETFs and ETNs as a means of lending less-liquid securities inside, is well covered in [this presentation](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg). This is one way to conceal fails, but they're not *entirely* hidden - the fails may still show up within the ETFs.
+
+As I understand it, if this were the case with GME, or any security, you would expect repeated spikes in ETF fails, ~6-8 days after the security fails.
+
+Of course this would smell like bull shit from a mile away, so there are a few other ways fails can be kicked down the road. They're not my secrets lol both of my great grandparents are still alive - the SEC warned about them in 2103:
+
+//
+
+Side note on ETN's:
+
+ETN's are, by definition "unsecured debt obligations" - and they have legitimate benefits. As debt obligations they also have risks, as [this presentation from 2019](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg) discusses.
+
+I have a concern I really hope someone can ease for me. A short position is a debt obligation, so wouldn't borrowing to cover a short create a collateralized debt obligation? And if ETN's are basically virtual, unsecured debt obligations, wouldn't repeatedly using ETN's to cover short positions create a synthetic collateralized debt obligation?
+
+Yes I'm unashamedly using 2008 hot words, and maybe I shouldn't, but considering the (albeit extreme) example at 28:00 in the video I linked above, when XRT (ETF containing GME) reported 78m ownership of 11m outstanding shares -
+
+That's a security-stew of 11m veggie burger bits floating in a broth of 67m promises. Priced by the pound.
+
+I genuinely hope this FTD shuffling tactic isn't accidentally (or otherwise) creating synthetic CDO's. Remember the Asian dude Michael Scott's alter ego almost strangled in a restaurant over how completely autistic derivatives of synthetic CDO's were? Wouldn't that just translate to all options contracts and other derivatives involving ETF's??
+
+//
+
+3\. It Often Rhymes\
+If you don't read another word of this post, please please save [this SEC risk alert from 2013](https://web.archive.org/web/20210504013036/https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) to read for later.
+
+That document reviews the FTD settlement guidelines that I went through earlier and discusses two other known methods of concealing fails: married puts and buy-write transactions.
+
+Reminder that this is all in relation to GME's first big FTD spike in September and the July/Jan share price), essentially replacing the short position (shares are needed to exercise)
+
+In either case, as with ETF/ETN schemes, the trader who was short is essentially paying the MM for access to the 35 day settlement exception.
+
+(??????????????)
+
+4\. What You Know For Sure\
+Back to September. Hedge funds and Market Makers have been turning retail short sales into Ferraris and Ivy League athletic scholarships for the past 6 years. They successfully [strangled multiple businesses into bankruptcy](https://web.archive.org/web/20210504013036/https://stockhouse.com/news/newswire/2016/01/19/how-short-sellers-are-killing-companies-and-market). multiple businesses into bankruptcy and now flu-season was approaching amid not only a global pandemic, but a global microchip shortage that completely halted distribution of GameStop's single biggest sales driver: gaming consoles.
+
+Its important to note that the market is a dynamic system that is intentionally confusing. There are hundreds of multi-million dollar firms placing thousands of bets, and generating liquidity through short selling is a genuine part of a MM's job.
+
+That said, through BD/MM affiliation that benefits both parties, even if caught and fined - the potential for 1 or 2 disingenuous traders to begin contagion is a legitimate threat. [This video originally from 2003](https://web.archive.org/web/20210504013036/https://youtu.be/I0WXg5T3cBE) describes this in more detail.
+
+This is highly speculative and I should probably leave it out but fuck it
+
+In my opinion, given ample opportunity, deep fucking incentive, sound rationalization, and chicken shit regulation - it is seems possible that, on a market wide scale, 100+ million shares that should have failed-to-deliver are quickly, and sometimes fraudulently, shuffled --- via married puts, buy-writes, ETF manipulation including ETF/ETN creation units from a Market Maker, and writing naked calls --- to maintain the virtual appearance of buying/borrowing shares to settle the FTD.
+
+The fuck was I saying
+
+Oh yeah September
+
+Back in August, [short interest reached $426 million](https://web.archive.org/web/20210504013036/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/). Correct me if I'm wrong, but at ~$4.70 share price, that's over 90 million shares sold short. If that's accurate, that's uhh.. a little aggressive there, chief
+
+So by September, fails start rolling in. Phil is seeing FTD tags in his nightmares - *Fuck, how many calls did I sell? How many shares do I have? Are those shares borrowed? What the fuck is a DTC??*
+
+At this point, Phil has to decide between:
+
+a) cutting his possibly massive losses and unwinding one of the biggest cash cows beneath the [64+ billion dollars](https://web.archive.org/web/20210504013036/https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN29U00R) hedge funds made in 2020, or
+
+b) paying a small fee and risking another small fee to double down and stay short
+
+Oh, let's not forget that cold/flu season is approaching amid, not only a global pandemic, but a *global microchip shortage* that will probably slow distribution of GameStop's single biggest sales driver: gaming consoles.
+
+Maybe Phil was smart and got out. Obviously his friends didn't. 4.2 million shares failed in 2 days, October 13-14, and the 30m share Niagara Fails of December and January suggests some quadrupled down in October.
+
+5\. Everything in the World is Magic...\
+Here's a puzzle:
+
+Assume someone wanted to use some of the the neat and totally legalish tactics I so concisely described to indefinitely roll FTDs into the future ---
+
+Using public data, estimate just how heinous GME's actual rolling FTD number *could* be.
+
+I'll shoot for a realistic degree of atrocity
+
+(my limited understanding of) The Rules:
+
+-Roughly, ( beneficial ownership ) --- ( shares outstanding ) = ( total shares owed )
+
+-   Broker-Dealers have 2 trading days after a client is short to cover. Otherwise they report a fail and have 6 trading days after the fail to cover - which can be done btw by buying *or borrowing* shares
+
+-   *BUT* with a little Market Makipulation, BDs can temporarily report short on the 5th day after failure, wait 2 trading days before reporting a fail, then have 35 calendar days after the fail to settle
+
+-   Evidence of this process should include FTD spikes in one or more ETF's containing GME ~6-8 days after a large number of GME fails
+
+( edit: [This post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Leenixus](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Leenixus/) overlays FTDs in GME and its ETFs and compares to other securities. )
+
+-   Accurately accounting for FTDs concealed with synthetic options positions and ETF's is impossible, but I'll do my best to explain my estimates. I'll start by identifying FTD spikes, usually in groups of 3 or 6 days (because of the T+3 and T+6 settlement requirements).
+
+-   Oh btw, Citadel, the BD/MM in question here, [clears 99% of all options trades](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), so if there's open interest in a contract, statistically there's a 99% chance Citadel is liable to settle it. I'll bump that to 100% for kicks
+
+Warning\
+??????
+
+Numbers Ahead\
+//
+
+This entire post is built on using data to speculate.
+
+The following argument, however logical or likely it may or may not be, is, obviously, speculative.
+
+The puzzle is complex. The answer is likely more complex.
+
+Apes just hodl that's not so hard.
+
+//
+
+GameStop Corp\
+[Fintel data](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/gme) (note: Month markers on the FTD graph mark the *middle* of the month) shows:
+
+~4.1 million GME shares failing from September 2-9 (6 trading days)
+
+~5.8m shares failed September 21-25 (5 days)
+
+~4.2m shares failed October 14-15 (2 days)
+
+~5.6m shares failing December 2-8 (5 days)
+
+~4.2m shares failing December 17-24 (6 days)
+
+~3.3m shares falling from January 5-11 (5 days)
+
+~6m shares failing January 13-21 (6 days)
+
+~5.1m shares failing January 26-28 (3 days)
+
+XRT\
+[XRT](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/xrt), GameStop's most liquid ETF, had:
+
+~3m shares failing September 28 to October 6 (7 days)
+
+~2m shares failing December 15-17 (3 days)
+
+~5.7m shares failing January 28 - February 3 (5 days)
+
+You can roughly see how XRT's FTD spikes fit between GameStop's. The 2 most other liquid ETF's had spikes of ~100k or so.
+
+Based on the FTD data, let's say, ohhh Idk - 4 million FTDs are rolling into January, using the ETF/ETN tactic to alternate between GME and XRT.
+
+Citadel claims to clear virtually all options trades, and based on [GME option data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-07-w&moneyness=allRows&view=stacked_ohl) call total OI is 104,221 on 7/16 and 1/21 alone. Total call OI from the other 10 expiration dates is ~105k for a grand total of ~210k interest.
+
+um\
+If [Citadel is clearing 99%of all options order flow](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), and they're constantly [delta-gamma hedging](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp), what better way to roll a FTD than to:
+
+1.  Make long calls a little cheaper and gobble up the bids.
+
+2.  Collect all 210k premium payments and now, as a MM, they have to [delta-gamma hedge](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp) those calls to claim a riskless position.
+
+3.  Use all those "for hedging" shares to satisfyextend the FTD requirement, then strategically dump the shares hedging all the calls *you think* will expire OTM, since no hedge is ultimately needed for a call never exercised.
+
+4.  EZ game, now Citadel gets to collect premiums for resetting some FTDs and driving the price down
+
+Delta hedging would typically require somewhere between 9-99 shares per call, with more shares needed for deeper ITM calls.
+
+Taking the 210k (and counting) call OI as a whole, of which Citadel claims to clear 99%, if 50 shares are delta-hedged on average, that grants Citadel access to 10.5m shares for allocating to failed trades.
+
+Of course not all of them would allocated, but the allocation process would essentially be the same as that time Phil lost Grandma's Monster. This would mean that some portion, maybe a large portion, of GME's daily trading is Citadel allocating and eventually repurchasing shares from its clients with high FTD's.
+
+And maybe if there aren't selling enough calls, the resort to [Buy-Writes](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/)...
+
+6\. Eventually, Trust Fails\
+What in the depressing fuck kind of title is that
+
+Anyway remember when Phil's MM made a WADD and Phil traded his wife for it?
+
+[XRT's Options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/XRT/options?expiration=2021-05-07-w&moneyness=inTheMoney) reveals ~51k call OI over 11 dates, 45k of which are concentrated in only 3 dates: 5/21, 6/18, and 9/17. Notice how those dates fit nicely between 7/16 and 1/21, the two dates housing half of GMEs call OI.
+
+*tinfoil time*
+
+Ken sells calls and hedges and juggles FTD's and Ken plans to pretty much do it until he retires. Well when those $69,420 calls expire, he should still have the one share he had to buy as a hedge. If he gave that share to Phil to cover both their asse(t)s he needs to either buy his share back or find another one. Well Kenny's no rookie - he's been doing slight-of-shares with ETF's since, like, 2006 - so he buys or whips up or promises to whip up an XRT burger and everything's ???? and ????????.
+
+Yeah that's not gonna make sense if you skipped the foreplay, sorry.
+
+Well the only thing better than XRT is free XRT, so Ken can just sell cheap XRT calls, forcing delta hedges on XRT, then crack open the XRT and allocate the GameStop.
+
+But even if all 50k XRT calls were hedged with 100 shares, GME is only 7% of XRT. So 5m XRT shares equates to 350k GME shares...
+
+*Allow me to introduce:* [IWM](https://web.archive.org/web/20210504013036/https://fintel.io/so/us/gme/ishares-trust-ishares-russell-2000-etf)
+
+IWM is the iShares Russel 2000, and they announced a 15% increase in GME on 2/25/21. Funny, I didn't hear much about it.
+
+IWM holds GME at a humble 0.35%. Take a guess at what [IWMs options chain](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/IWM/options) looks like...
+
+You *may* not guess a call OI of 1.56 million over the 15 expiry dates from now until 1/21/22. Hedging those at an average of 50 shares/call represents 78m shares. At 0.35%, thats 2.7m GME shares.
+
+By the way, if an extra 2.7 million shares available to extend shorts, purely in call hedges, doesn't shake you, remember GameStop is in over 60 different ETFs.
+
+Oh and it gets better
+
+I've been talking about calls for a while but *puts* exist too. If you somehow managed to read through this whole post you'll remember what the SEC said about married puts...
+
+The put OI for IWM, up to 1/21, is 3.7 million. ~750k of those puts are at-the-money. With GME at .35% of IWM, that potentially represents 2.6 million GME shares capable of floating FTD's via married puts in IWM.
+
+Married puts *should* have ATM puts to maintain the short position, but they don't need to be ATM to settle a FTD - one reason MPs are used over just re-borrowing (and the reason they're illegal) is they function by claiming one asset as collateral in two transactions. There are 100 shares married to the put (risk-less position to skirt regulation) and the same 100 shares are used to close the FTD.
+
+The MP provides the paperwork loophole but it's not necessary for the short position. Phil can just borrow shares ( [IWM shortvol% was apparently 74% on 4/30](https://web.archive.org/web/20210504013036/http://shortvolumes.com/?t=iwm) ), buy a worthless put to marry and instantly divorce, and now you did the paper magic and are still short. Maybe they call it a one night stand Idk
+
+The total put OI of all strikes with over 10k OI is over 2.5 million.. there are puts at dozens of strikes trading for $1. If ONE THIRD of those were used for disposable MP's, that's another 2.6 GME shares.
+
+Which is interesting, considering GME has [329k put OI at the LOWEST 2 STRIKES on 7/16 and 1/21](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2022-01-21-m&moneyness=allRows&view=stacked_ohl). Even more interesting about those 329k puts - when they were being gobbled up in late January, ~200k of them, they averaged their highest prices of all time.
+
+50 cent puts... While GameStop was soaring. Went from $4 in December to $15 on Jan. 28. Right.
+
+Guess I could take a shot at that puzzle now.
+
+Total potential-shares-for-allocation estimate:
+
+-Citadel delta hedging call order flow: 10.5m
+
+-[The suspected Buy-Write trades](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/): 14,500 calls = 1.4m shares
+
+-Citadel delta hedging IWM calls: 2.7m
+
+-Married puts in IWM: ~2.6m
+
+-Married puts in GME: up to 32m.. but I'll leave these out
+
+Total: 17.2m GME shares
+
+If half of these were actually used to roll fails, 8.6m + the 4-5m already rolling in the FTD data + 11m reported short volume = ~26 million shares sold short
+
+Including the GME puts and everything else - it'd be ~64 million.
+
+And *excluding* married puts, Citadel has access to over 13m GME shares, solely from delta hedging GME and IWM calls, to potentially distribute among shorts about to fail.
+
+Do not forget that I don't know what the fuck I'm talking about. I'm not an expert in this stuff, I just had surgery two months ago and it pisses me off when shit doesn't make sense.
+
+These people have been playing this game for years and I'm sure there are dozens of other ways reversals can be achieved, they get fined like 100k for this shit and without it.. well if it's bad enough they'll go bankrupt.
+
+//
+
+My point here is - where there's smoke there's fire, and there's so much smoke in these numbers I can't taste the purple in my lunch.
+
+Obviously none of that was advice or conclusive I can't even spell conclusive
+
+//
+
+All this shit is meant to be be confusing. The internet revolutionized trading, especially options. In fact they started becoming popular in the 90's, right around when ETF's came along. The SEC talked about two ways options could be used to hide FTD data - and I liked a presentation talking about how ETF's can be used to do the same thing. The AMA last week mentioned it, too.
+
+All of these loopholes serve to provide Citadel, who claims to clear 99% of options order flow, with enough shares *merely in hedges* to juggle 13 million fails. Add to that buy-write transactions, married puts, naked calls, ETNs, and all the other autistic things possible in a system so complex, who tf knows how many shares they might be juggling on paper.
+
+The options, to me, look like a smoking gun. Fails in GME's ETFs repeatedly fall between fails in GME, suggesting some number of fails are being rolled with ETFs. The number of ETFs with institutional ownership over 100% 6 months ago suggests many of those shares used to cover came from ETNs.
+
+The fact that the bulk of call OI in IWM and XRT falls neatly between the call OI in GME suggests these options are, in some capacity, related to rolling fails into the future.
+
+THAT SAID -
+
+Regulation changes increasing margin requirements or decreasing settlement times, would begin to unwind these positions. And-
+
+A share recall would bring the buying pressure of every IOU floating around because of this horseshit.
+
+A bet on GME is a bet again Wall Street's integrity.
+
+But - don't just trust me on this stuff, seriously, use the links, find some bullshit that looks weird and ask yourself why it's weird. I promise, there's lots of weird shit. Start with the 1500 $1.50 calls someone bought / Citadel sold for 1/21.
+
+And the 100k 50 cent puts that *weren't* bought in January probably traded for under $5 so I'm sure plenty of that is legit. On the other hand, I do remember a post saying put OI in early March was obscenely high but I can't find it anymore.
+
+If you just scrolled on down here and read the "my point is" part, no worries. The post was just some bullshit anyway - 11m reported shorts is an infinite short/float % because there is no float.
+
+Oh and if really read this whole fucking thing, message me and I'll fly you to dinner next year.
+
+* * * * *
+
+*This is not financial advice!*\
+*This post was **anonymously** submitted via *[*www.superstonk.net*](https://www.superstonk.net/)* and reviewed by our team. Submitted posts are unedited and published as long as they follow *[r/Superstonk](https://www.reddit.com/r/Superstonk/)* rules.*

DD/2021-05-11-Average-Trade-Sizes-Transactions-Reporting-and-the-FINRA-ADF.md

@@ -0,0 +1,87 @@
+Greetings, Apes. Let's clarify some things about average trade sizes, transactions reporting, and the FINRA ADF.
+================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/MarketMicrostructure](https://www.reddit.com/user/MarketMicrostructure/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/na5drq/greetings_apes_lets_clarify_some_things_about/) | 
+
+---
+
+
+[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)
+
+Hello Apes,
+
+I'm Zak, a colleague of [/u/dlauer](https://www.reddit.com/u/dlauer/) who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to.
+
+I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma.
+
+Problems & Background
+
+Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas.
+
+Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside.
+
+Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself.
+
+Are all trades reported to the tape?
+
+Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility.
+
+For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples.
+
+There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: <https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3>
+
+At the end of the post above, I qualified it with:
+
+> None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares.
+
+Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere.
+
+I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.)
+
+The FINRA ADF is not the boogeyman
+
+Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions:
+
+> FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves.
+>
+> In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions.
+>
+> When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day.
+
+During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow.
+
+Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf).
+
+[![r/Superstonk - Greetings, Apes. Let's clarify some things about average trade sizes, transactions reporting, and the FINRA ADF.](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2)](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2)
+
+Snapshot of SIP data with FINRA ADF exchange and a TRF code
+
+In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs.
+
+A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers.
+
+Small average trade sizes don't necessarily imply manipulative behavior
+
+One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations.
+
+From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small.
+
+But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this.
+
+Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens:
+
+-   It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price --- or alternatively, how much they will have to move the market in order to close their position in a short period of time.
+
+-   As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once.
+
+-   The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints.
+
+-   When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools.
+
+-   The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market.
+
+There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small.
+
+In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place?

DD/2021-05-11-Theory-of-all-Price-Movements.md

@@ -0,0 +1,189 @@
+Enter Zen Mode. The theory of all price movements - how price spikes up AND price spikes down are artifical - and SI% might skyrocket.
+======================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9qv27/enter_zen_mode_the_theory_of_all_price_movements/) | 
+
+---
+
+
+[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)
+
+0\. Preface
+
+Not a financial advisor. I also have no financial experience or qualifications. Thought I'd make that clear per a commenter on my last post who wasn't happy with me. ;)
+
+Also apologies if some of this doesn't read right. A bit buzzed typing it up lmao. I'd be happy to clarify anything in the comments.
+
+Hello apes. You might remember my previous posts. But just in case, I'll add them here once more because I'd like to expand on them a bit further.
+
+[The Danger Zone and the SI Report Loop](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/)
+
+Summary: Short positions are required to be reported twice per month on "Short Interest Report Settlement Dates". Between each of these settlement dates, the price has a volatile move both up and down. Consistently between each cycle is a higher price floor. Melvin received their $2.75 billion cash injection the day $GME spiked to approximately $160. They have crashed the price from $350 every time. As they bleed money, it appears that the margin call price lives in a "Danger Zone" between $160 and $350.
+
+[Net Capital Bomb - AKA The Margin Call](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/)
+
+Summary: Citadel and any other MM that have been complicit in naked shorting of GameStop now worry about net capital (or in a sense their own Margin Call). They must have sufficient capital to support their debts, such as short positions, so that they can payout in the event of a default. The more shorts they open, the higher debt they have, and thus the more capital they need to raise in order to avoid going net negative and violating [Net Capital Requirements Rule 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1).
+
+I've seen a TON of posts regarding TA, wedges, MACD crossing, RSI, "breakout signals", etc. but I always wondered why these patterns repeated. And of course, wondered why nothing would happen even if we had 'bullish' breakout signals. We'll see posts about wedges breaking and attributing it to "shorts using all their ammo" or "whales buying it up" but I have reason to believe that the price spikes, both up AND down, are caused by the shorters. Don't stress about the daily movements. Seriously. Your mental health will thank you. :)
+
+GME is a curious case. For that I truly think there is an underlying reason for the price movements. Which is why I started looking into major option dates, came up with T+13, scrapped T+13, and eventually arrived at the SI Report Loop theory. I mean, that isn't to say the major option dates still don't play a role here - in fact I'm going to touch on that subject in this post as well.
+
+This is all just a working theory trying to explain why the price is moving the way it is. I would love to continue building on it, fitting in pieces from other apes, or until the theory crumbles. But so far, it has made me enter complete Zen Mode. I don't even care about the price. I'll explain why.
+
+<https://preview.redd.it/eoldh4kokey61.png?width=744&format=png&auto=webp&s=3bd4fd5fe7a613af88cc80bc0ae0b4272d2d9fb5>
+
+1\. Hedgies Are Trapped Between a Rock and a Hard Place
+
+They're truly stuck. Things were honestly looking in Melvin/Point72/Citadels favor back in February but it has since been a huuuge middle finger back at them because retail got their second wind as of DFV doubling down on February 19th.
+
+Let's take a look back at the data [/u/broccaaa](https://www.reddit.com/u/broccaaa/) found for SI% versus PUT OI. This is my favorite chart, ever, by the way. When ever I have doubts I just look at this chart.
+
+-   The top, in orange, is PUT OI. The top, in blue, is CALL OI. Both PUT and CALL OI is reported in millions.
+
+-   The bottom, in green, is SI%. The bottom, in blue, is FTD % of float.
+
+<https://preview.redd.it/fsryz4xvxey61.png?width=1846&format=png&auto=webp&s=8d5c3fb036686338d555bb56d6c0cd008a9b0dd4>
+
+When the January runup happened, the shorters hit the motherfucking emergency button to block buys on exchanges. This allowed them to fake-out to the world that they 'covered' by dropping SI% like a rock. This killed motivation worldwide and the price hovered around $40 throughout February. How did this happen? Well, most likely by hiding the shorts in PUTs. You'll see that PUT OI goes absolutely insane when the SI% dropped. How insane? At it's peak, the PUT OI was roughly 2.00e6 = 2 million PUTs = 200 million shares worth. Does that sound normal for a stock with only 70 million outstanding shares and only ~50 million float?
+
+What's even better is from this data that [/u/yelyah2](https://www.reddit.com/u/yelyah2/) collected, we can see what options were used to hide these shorts. I've highlighted in red the data from January 26th, just before the craziness occurred. And then you can see what the PUT OI was for each date prior to expiration (dashes following). As you can see they spread their shorts pretty evenly between these major dates.
+
+<https://preview.redd.it/f69s5ephyey61.png?width=1112&format=png&auto=webp&s=374144d795e4f7bf41024863c8b473ddd675b112>
+
+So it's just a working theory of course, but every single one of these dates expiration should result in shorts popping out. In this case, roughly 400,000 OI = 40 million shorts per major option expiration (Feb 19, March 19, April 16, July 16, January 2022). They have to choose between a rock and a hard place:
+
+-   A) Delaying the shorts once more by hiding them in more PUTs, costing money to do so
+
+-   B) Let the shorts be calculated in the SI% report upon the SI Report Settlement Date.
+
+I'd like to note that with either A or B, the price is not effected. They are hiding the shorts in PUTs. They're not exercising these PUTs. They are simply storing their shorts away for a later date, but it costs them money to do so each time.
+
+Which then enters the [Net Capital theory](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) that I posted about.
+
+If they want to delay their shorts longer, they'll need to spend more money. The more money they spend, then the less capital they have. The less capital they have, the easier it is for them to go net negative and essentially become margin called. Ever wonder why crypt0 and other assets are doing weird pumps and dumps? Yeah. That could be why.
+
+They are probably on their last legs trying so hard to raise capital to push things out while simultaneously trying to remain net positive. Check the dates when d0ggi3 c0in started to pump. January 28th. April 14th. May 4th. Interesting coincidences, right? Am I crazy to think we'll see another d0ge pump on May 13th-May 17th, the next cutoff for net capital?
+
+2\. Why the price spikes up AND down are artificial
+
+I'm going to steal some TA. Though only OBV because that's actually pretty significant. For any normal stock you should see OBV pretty much trending with a rough shape of the stock price. GME is... different. There's been very little volume on the spikes downward, implying that none of retail is selling and that the spikes down are artificial. And I truly believe that retail is not selling. I mean sure, there's probably some paper hands out there, but they're pretty much gone. Sorry [/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) - I'm stealing your OBV chart from your [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/):
+
+<https://preview.redd.it/5dcqu7qmjey61.png?width=1119&format=png&auto=webp&s=d19795d493bd74c09ddb5cbc5dbe66479b12cfd2>
+
+But the OBV charct doesn't really explain why the price drops are artificial. It's literally just a chart of OBV increasing over time. It theoretically shows that retail isn't selling, but what exactly is going on here??? That's what has always bugged me. Because I want to know the underlying reason as to why the price moves. Which then led to the SI Report Loop theory.
+
+To recap from the "SI Report Loop" theory, below we have a chart showing each [SI Report Settlement Date](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). The Hedgies need to wipe out their shorts by these dates, otherwise they risk a spike in SI% upon the receipt date. They do not want SI% to spike, otherwise it screams to the world, "We haven't covered shit!". So ever since January 29th they've been stuck hiding their short position because they can't risk having retail come back in. Retail will shove a big ol' banana up their ass if they let SI% skyrocket again. But, obviously, from the price increase since February 24, they're fucked anyway because it's costing them more to hide their shorts every time.
+
+<https://preview.redd.it/wutbcjnwvdy61.png?width=1385&format=png&auto=webp&s=d63c756cf0aa4444366e614c8db4f708a187e3d3>
+
+I'll refer to the time between these Settlement Dates as a "SI Report Cycle".
+
+-   E.g. Feb 26-Mar 15 is a cycle because it starts and ends on two sequential settlement dates.
+
+Not only do they have to worry about hiding new shorts they open up during these SI Report Cycles, they need to worry about FTDs from retail buy pressure, and potentially old shorts that were hidden in options expirations that I mentioned in Section 1. For example, if 400,000 PUTs carried shorts and expired on March 19, they'd go, "Oh shit. We have to deal with those too". That's MORE money they have to spend in that cycle. With a higher price floor, that's even MORE money to continue their bullshit.
+
+It is not a cycle of FTDs. The FTDs are satisfied when they first pop up. They satisfy these FTDs with synthetics, thus increasing their total short position. The FTDs are not "pushed out" but rather their short position is pushed out.
+
+The cycle they battle is delaying their short position and avoiding the true SI% from appearing. Which at this point is probably well over 200%. Pushing these out costs them money, but does not influence the price because they don't ever exercise the PUTs used to hide the shorts.
+
+The artificial spikes/drops are due to shorters combating retail buy pressure which occurs between SI Report Cycles. The SHORTERS are the cause of the spikes up and the spikes down.
+
+If you look closely, we get volatile movement up, and volatile movement downward between each SI Report Cycle. Every. Cycle. Now why is that happening?
+
+I am convinced that the volatile movement in price are caused entirely by hedgies fucking with the price in an attempt to suppress retail and shake them off. But their attacks are getting weaker because of wasting money on hiding shorts from major options in PUTs and getting closer and closer to going net negative in their net capital calculations.
+
+Anyways, here's what most likely happens in each SI Report Cycle:
+
+1.  Retail buys in. FTDs pile up because they can't find legitimate shares.
+
+2.  Synthetic shares are created by shorting the stock to suppress the price. Price goes down.
+
+3.  Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price goes back up (net neutral effect, the synthetics shorting and then the FTDs being satisfied cancel out the volatility)
+
+4.  The price going into the next SI cycle is the "true" price due to retail buying. It's consistently going up because retail is buying and not selling. A slow burn upward.
+
+5.  They hide any additional shorts with OTM PUTs
+
+We're seeing the price slowly rise because retail is applying buy pressure and not selling. If you removed all the fuckery, we would have seen the price steadily rise over time from January's $30 price point to today's ~$160 price point. Every single spike up is due to hedgies covering FTDs, and every single spike down is due to hedgies suppressing the price. THERE IS NO FRIENDLY WHALE causing these spikes. Each spike is caused by ITM CALLs being exercised. There is no "day" that retail suddenly has mass buy pressure causing the spikes. It is ALL because of the shorters are stuck trying to suppress the price and simultaneously having to satisfy FTDs between each SI Report Cycle.
+
+Let's draw a rough estimate of price movement in green if no fuckery occurred. Connecting the price floors from January until now. Hmmm. Looks similar to OBV. Doesn't it?
+
+<https://preview.redd.it/qr5ir9ujnfy61.png?width=1383&format=png&auto=webp&s=5a446fa62937f91c33e1b5b6d40655c64e3d6f47>
+
+Let's roll back in time to January 13th. GME was the craze around the world. The price point was a meager $30 - many people could enter the game. Due to the hype, even the higher prices of $150-$400 was still attractive for enough buy pressure because the shorters were almost guaranteed to be fucked back then.
+
+You know what happened in January? FTDs skyrocketed.
+
+<https://preview.redd.it/zjv8dnk17fy61.png?width=1897&format=png&auto=webp&s=3d0a27d4c70e20dcc2e6f87d3d2995efe660d37b>
+
+The first oh-shit-what-the-fuck-do-we-do moment happened to hedgies:
+
+1.  Retail buys in. A LOT. FTDs continue an insane pile up because they can't find legitimate shares since it was already over 100% shorted at the time.
+
+2.  FTDs need to be stopped. Buys are shut down so that they can satisfy the FTDs and hide their short position to try to kill off retail motivation (we covered! Don't come back now!)
+
+3.  Synthetic shares are created by shorting the stock to suppress the price. Price goes down coupled with retail paperhanding.
+
+4.  Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price skyrockets.
+
+5.  They hide any additional shorts with OTM PUTs
+
+6.  Combination of #2 and #3 caused the January fake squeeze. All FTDs are now satisfied and they've hidden their short position, but in this process OPENED MANY MORE SHORTS BY CREATING SYNTHETICS.
+
+And thus, the entire January price spike was artificial and the drop was mostly artificial (note that as of exiting the January squeeze it still resulted in a higher price floor).
+
+The price died off a bit from January, and it probably was going to swing back into the shorter's favor.
+
+...Until DFV doubled down in February. It gave retail a second wind. A shitload of buy pressure entered due to the cheaper price, resulting in many FTDs that had to be satisfied through more synthetic shares. It was essentially a repeat of January because it was a cheap price point for retail to enter. Ever since then it has generated a lot of diamond goddamn hands because despite the artificial price swings, the game was still on.
+
+And then of course, over time, the price has started to converge around $160 due to it being a little bit more expensive for retail to enter. We see higher price floors, but its tapering off because it's getting more expensive for retail to buy in. It's easier to have massive amounts of FTDs from buy pressure in the $40 price point than at the $160 price point. But that's not to say retail is losing. I'm simply explaining why it jumped so fast from a $40 price floor to a >$100 price floor and has since tapered off.
+
+Literally any catalyst that causes buy pressure surge could cause a repeat of January and February because they'd have to deal with a shitload of FTDs.
+
+GME has been tapering off with less volume because, well, less retail buying in over time due to a higher cost to enter. The price has been converging around ~$160 since March, and I believe that's all because of the higher price point of $160, so it's a little bit more difficult to get a lot of retail buy pressure due to it being more expensive than it was back before the February runup.
+
+They continue to match the retail buy pressure with shorts (~50% short volume each day) to suppress the price, continuing to cause these ITM CALL purchases to satisfy retails' FTDs. But it's a fruitless effort because barely anyone is selling despite their tricks. And we see that it's fruitless because the price floor rises each SI Report Cycle. Every. Single. Time.
+
+So now it's getting to the point where the price is back to the January levels when Melvin received their cash injection. They've been bleeding money trying to suppress SI% and dealing with FTDs by creating more synthetic shares. They can continue this effort... but it doesn't seem like they can much longer.
+
+Here's a picture of Melvin/Citadel/Point72 as of this moment:
+
+<https://preview.redd.it/dbbct5b2bfy61.png?width=1349&format=png&auto=webp&s=c1b4e4b3b04bbd32521edde3c9305a36a7dc9268>
+
+3\. Hello old shorts - Why SI% might skyrocket
+
+I'll leave you with this thought. I'll call back to the [SI Report Dates](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). In there, you'll find three columns:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+Settlement date. They NEED to have their shorts hidden in PUTs by then or else they are reported in the SI%. (Hey they could very well have figured out a new trick to hide shorts!)
+
+In February and March, the boys probably had enough capital to combat the 400,000 PUTs expiring and shitting out their short positions on them on both February 19th and March 19th. Since then, they have probably been struggling with net capital and need to keep it high enough while also hiding their short position. (Hello d0ggi3 c0in pump.)
+
+If April 16th crapped out a bunch of shorts once more, then they would have had to hide them by April 30th Short Interest Settlement. If they have not hidden them, then the receipt date for April 30th SI% is May 11. We could very well see SI% skyrocket on May 11. Note: This is NOT a price increase. This is the SHORT INTEREST percentage that could increase. Basically saying to the world, "Hey you remember how we said we covered? Haha. Good joke. Right? Please be gentle...".
+
+But of course, we saw some assets pump and dumping. Which might have helped them raise enough capital to hide those shorts again. Even then, they're stuck between a rock and a hard place of retail continuing to buy and very few paper hands selling.
+
+-   Every SI Report Cycle, they need to satisfy new retail FTDs with synthetic shares, increasing their short position. (Price spikes up due to these ITM CALLs)
+
+-   Every SI Report Cycle, they want to try to kill retail buy pressure by shorting the stock, also increasing their short position. (Price drops down or spikes down)
+
+-   The end result is the synthetics and ITM CALLs cancel each other out. The "true" price is revealed going into the next SI Report Cycle.
+
+-   If any SI Report Cycle has a large amount of shorts spill out that were hidden in options, they'll need to determine if they need to delay them or let the shorts get reported on SI%:
+
+    -   If they delay the shorts again through PUTs, it costs them money. They have to worry about their net capital and not go net negative. If it's going to cost too much, they need to pump/dump something to raise the capital.
+
+    -   If they don't delay the shorts, then the SI% can skyrocket, initiating retail buy pressure again because it shows they haven't covered.
+
+-   Every SI Report Cycle and delaying shorts they bleed money, making net capital an ever-looming presence. They can't pump and dump assets forever.
+
+-   It's just an endless cycle of them making more and more synthetic shares to satisfy FTDs. Digging a deeper grave every day.
+
+I wonder... how long can they last?

DD/2021-05-11-VIX-Volatility-Index-Increases-30-Percent-Overnight.md

@@ -0,0 +1,43 @@
+VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight
+=======================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/con101smd](https://www.reddit.com/user/con101smd/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9ub60/vix_volatility_index_rising_sharply_premarkets_30/) | 
+
+---
+
+
+[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)
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868)](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868)
+
+VIX is up 30% total yesterday and over night, last time it hiked as much was in january/march 3-4th
+
+Key Takeaways. The Cboe Volatility Index, or VIX, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors use the VIX to measure the level of risk, fear, or stress in the market when making investment decisions.
+
+" The VIX spiked by as much as 48.1 percent to a high of 62.12, a level last seen during the 2008 global financial crisis. Since 1990, there have only been 14 episodes where the VIX has spiked above 32.7, according to Bank of America. The VIX topped out at 89.53 in October 2008. "
+
+Take what you want from this ape and use it in your thorough research with the DD provided but tits r jacked!
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec)](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec)
+
+shes trending quite fast
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6)](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6)
+
+update, BRrrrrrrRrrrrrrrrrrrrr
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54)](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54)
+
+buckle up apes its gonna be a bumpy open
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7)](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7)
+
+chugga chugga chugga choo choo
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e)](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e)
+
+COMPARISON TO $GME courtesy of u/king_tchilla
+
+HEDGIES R FUKD

DD/2021-05-14-Citadel-opened-a-Huge-Short-Position-in-January-which-has-not-been-Closed-Yet.md

@@ -0,0 +1,117 @@
+Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)
+==============================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bladeace](https://www.reddit.com/user/Bladeace/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nc2ujg/findings_from_my_analysis_of_605_data_huge_short/) | 
+
+---
+
+
+[𝘜𝘯𝘷𝘦𝘳𝘪𝘧𝘪𝘦𝘥 𝘋𝘋](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%98%9C%F0%9D%98%AF%F0%9D%98%B7%F0%9D%98%A6%F0%9D%98%B3%F0%9D%98%AA%F0%9D%98%A7%F0%9D%98%AA%F0%9D%98%A6%F0%9D%98%A5%20%F0%9D%98%8B%F0%9D%98%8B%22&restrict_sr=1)
+
+TA;DR: I looked at the 605 data - Citadel's short position is so huge it's distorted the order flow. It's so massive you can see it merely by looking at where the GME orders are being executed. It also shows they haven't closed.
+
+TL;DR: Opening a huge naked short position requires market maker shenanigans. Leaving it unclosed requires further market maker fucketry. Both of these should be reflected in the proportion of GME shares executed at various market centers. I looked, it is. A market maker closing a massive short position should be reflected too. I looked, it isn't.
+
+I have been examining the order execution data for market centers handling GME order executions, read on for my findings. Citadel appears to have taken a *massive* short position in Gamestop in January. It looks like they continued to expand this short position via NASDAQ during February and March. They do not seem to have closed this position.
+
+Opening a massive naked short position in a very short period of time requires abusing market maker privileges. Doing this would result in distorting the order flow. Market centers where the shorting is taking place would see a spike in the proportion of the shares they were executing for the security being shorted. A market maker closing a massive position would cause the opposite. So, if Citadel has opened a huge short position and not closed it we should see evidence of this in the order flow. I looked at the 605 reports and found exactly this.
+
+According to my analysis of the order flow, Citadel has opened a huge short position, very quickly, in January, expanded it since then, and hasn't closed it. Please read the following and come to your own conclusions on the quality of my analysis. This is not financial advice. I am an ape on a large dose of Ritalin.
+
+Important background information on the special privileges of market makers when shorting *(OK TO SKIP)*:
+
+When opening a short position in your capacity as a market maker you do so by covering a buy order with your own capital. So, an order comes in for a security and you cover it, which is a way of saying 'yes, I'll sell that stock at X price' even though you don't already have a seller lined up to sell the share at that price. This is not uncommon, it's definitely not illegal, and it's very helpful to the market. In fact, one of the reasons market makers exist is to sell shares they haven't yet lined up a seller for. This allows the market to flow smoothly as sales can happen quickly. It's expected that the market maker will line up a seller for the share you brought from them very soon afterwards (often within seconds). However, they are not required to do so. Instead of lining up a seller for the purchase you just made from them, the market maker can take on a short position for that share (they are 'short' the share they sold you, so you essentially have an IOU from them).
+
+When shorting in this manner, the market maker gets special privileges under regulation [SHO §§ 242.200 - 242.204](https://www.law.cornell.edu/cfr/text/17/part-242) which allow them to short in cases where others cannot. Regulation [242.203](https://www.law.cornell.edu/cfr/text/17/242.203) allows market makers to be exempt from some restrictions when engaging in market making activities and regulation [242.204](https://www.law.cornell.edu/cfr/text/17/242.204) allows some leniency for failures to deliver when the transaction was for market making purposes. Essentially, the regulations covering short sales provide some leeway for short selling while market making. This is good, in theory, because it keeps the market flowing smoothly.
+
+The SEC explains the importance of market makers shorting [here](https://www.sec.gov/investor/pubs/regsho.htm) where they explain "market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market". See the SEC link for a further explanation, they do a fair job of explaining it in section II of that link. The key point is that naked short sales by market makers are not an accident, they are a feature of the market.
+
+The MOASS theory *(OK TO SKIP)*:
+
+Citadel has opened a *huge* short position in GameStop and hasn't closed it. The position was large in 2020, but expanded significantly in January of 2021 and continued to expand during February and March (I do not discuss any points after March as my data ends there). This short position is so large that it is multiple times the outstanding shares. Opening such a large short position, so quickly, requires that most of the short positions are naked.
+
+This is the theory I set out to test - has anyone opened a large naked short position during January and then expanded it during February and March?
+
+Order flow data *(OK TO SKIP)*:
+
+[SEC rule 605](https://www.sec.gov/rules/final/34-43590.htm) requires market centers to release data on the orders they execute. This data excludes most retail sales and multiple forms of conditional sales. However, it does include a substantial portion of the volume, enough to give us information on which market center is executing orders for a particular security during a given month. Crucially, for my purposes, it allows us to identify broad trends in the order flow between these market centers. In most cases, this data is not very helpful because it is missing most of the interesting information (for example, it won't distinguish between short and long sales). However, in my case it's perfect because I do not want to rely on any information except the volume - I don't want my findings to rely on Citadel accurately reporting anything else.
+
+It's worth stressing that *rule 605 data excludes most retail orders*. This is important for us because we already know Citadel is handling most GME retail orders. The short position Citadel has, supposedly, opened is so huge that the distortion in order flow caused would extend beyond retail orders, which makes 605 data the perfect place to look.
+
+Order flow data and the MOASS theory *(READ THIS)*:
+
+The MOASS theory isn't just about a short position, it's about a *huge* short position. So huge that it can only have been created by a market maker abusing their naked shorting privileges. This would require them to sell the security they are shorting for a cheaper price than other sellers on the market at a large scale. Accordingly, more of the orders for the security in question would be executed by the market maker doing the shorting.
+
+In most cases the proportion of orders being executed is going to remain fairly stable because the selling pressure is going to be widely dispersed. If a share is being sold for X price at one market center, it'll be sold at a similar enough price at the other market centers too. Sellers will gravitate towards the market center with the best price, so the prices remain almost identical. However, if one of the market center's is driving the selling pressure by selling for a cheaper price than everyone else, the other market centers won't be getting sell orders low enough to compete and they will lose out on the volume. Accordingly, if the number of short positions being opened at a particular market center spiked during January, we should see the proportion of orders being executed at that market center spike too.
+
+The same is true for closing a massive short position. If a market center is buying up a huge amount of shares, there will be a drop in the number of buy orders they execute (because they're buying the shares themselves rather than selling them to others). The market center will also be reaching out to other centers to buy from them, which will raise the proportion of volume to those centers.
+
+So, my prediction is simple: if a market maker is opening a massive amount of naked shorts very quickly, they will have a higher proportion of the order execution volume. Conversely, if a market maker is closing a massive amount of naked shorts very quickly, they will have a lower proportion of the order execution volume.
+
+How the data should look in the three possible cases:
+
+*Hypothesis 1* - Citadel shorted GME a lot in January and then continued to do so through February and March:
+
+1.  The proportion of orders being executed by Citadel will spike in January.
+
+2.  The proportion of orders being executed by Citadel will not go below the baseline in February or March.
+
+3.  The proportion of orders being executed by NADAQ or CBOE will spike in February and March (but probably not at both centers).
+
+4.  The NADAQ or CBOE spike, if it exists, will be accompanied by an anomalous number of their orders being executed outside of their venue (an artifact of an abrupt shift in order flow without adequate preparation by the market maker responsible).
+
+*Hypothesis 2* - Citadel opened a large short position in January and then closed it during February:
+
+1.  The proportion of orders being executed by Citadel will spike in January.
+
+2.  The proportion of orders being executed by Citadel will drop below the baseline in February.
+
+3.  The proportion of orders being executed by the other exchanges will all rise, with Citadel's lost share being shared approximately equally (as it buys up all it can).
+
+*Hypothesis 3* - Citadel opened a large short position in January and then closed it in January or they never opened a large short position at all:
+
+1.  The proportion of orders being executed by Citadel will remain at baseline levels.
+
+Notes on Citadel and NASDAQ/CBOE spikes or drops:
+
+MOASS theory implies that Citadel would have been absolutely hammered in January during the massive influx of buying pressure and the threat of Melvin being forced into closing their position and beginning a squeeze. Accordingly, they would have been drawing all of the order volume to them by shorting all the orders they could to mitigate the upwards price pressure. This would result in the proportion of orders executed at Citadel spiking during January.
+
+MOASS theory implies that Citadel would have been expanding their short position in February and March while also avoiding their delivery obligations for the shorts opened in January. Expanding their short positions and opening new short positions to defer existing short positions can be accomplished by utilising two market centers with Citadel operating as a market maker in both. Essentially, Citadel could use its own market center and its privileges as market maker (for GME) at a second market center to make a market for itself. This would allow it to continue opening short positions while also shuffling existing short positions through the market. This would result in the proportion of orders executed at CBOE or NASDAQ to spike during February and March. I suspect Citadel would use either CBOE or NASDAQ for this because they are a market maker at both. I do not think they would use the NYSE for this as that exchange allows its market makers less latitude (and makes them compete against one another to a greater extent). NASDAQ is the most likely candidate as, prior to 2020, it does not execute many GME orders which allows Citadel a freer reign over any such orders that suddenly begin coming through that center.
+
+MOASS theory implies that Citadel would not have been covering their short position throughout this period. Closing a huge short position would cause a drop in the orders being executed at that center (because the center is buying instead of selling and will buy from other centers too). Accordingly, we should not see Citadel's proportion of order execution drop below the baseline levels.
+
+Proportion of GME shares executed at market centers *(READ THIS)*:
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/omun1qdnh1z61.png?width=713&format=png&auto=webp&s=415dfbc44fbfc3998a70b6bf1d9070b5ceabdfe9)](https://preview.redd.it/omun1qdnh1z61.png?width=713&format=png&auto=webp&s=415dfbc44fbfc3998a70b6bf1d9070b5ceabdfe9)
+
+As you can see, the proportion of shares being executed at Citadel's market center spikes in January, which is consistent with hypothesis 1 and inconsistent with hypothesis 3. The proportion of shares being executed at NASDAQ spikes in February and March which is also consistent with hypothesis 1. There is no drop below baseline in the proportion of shares executed at Citadel's market center, which is inconsistent with hypothesis 2.
+
+The proportion of GME shares being executed by the major market centers, as reported under rule 605 data, is consistent with what we would expect if a market center were opening a huge short position in January and then using their market maker status at a second market center to expand and obscure that short position during February and March.
+
+Related speculation:
+
+Notice the relationship between the drops/spikes in proportion of shares executed at Citadel and NASDAQ. This is consistent with Citadel being the market maker for GME at both. I suspect that the sharp changes in where these orders are being executed reflects Citadel's attempts to open, expand, and manage their short position. The best places for them to do this are their own market center and NASDAQ, which matches the changes in order flow. I am hoping to gain access to historical NASDAQ level 2 data for this period which may show which of their designated market makers is responsible for their GME executions during this time period. Unfortunately I do not have this data yet, but I have reached out to NASDAQ and others who may be able to provide me with this data soon.
+
+Proportion of covered shares executed at alternative venues *(OK TO SKIP):*
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/o9q0gzzqh1z61.png?width=686&format=png&auto=webp&s=cc2f097de7b70da493c65f4c123b029a9d21efac)](https://preview.redd.it/o9q0gzzqh1z61.png?width=686&format=png&auto=webp&s=cc2f097de7b70da493c65f4c123b029a9d21efac)
+
+As you can see, the spike of shares being executed at NASDAQ in February is accompanied by a spike in the proportion of orders being covered by NASDAQ but executed at another venue. This is consistent with hypothesis 1, it may indicate the orders being executed by a market maker abruptly moving their execution of a large number of trades from one center to another.
+
+Related speculation:
+
+This may be related to an attempt by Citadel to market make for themselves and push the price lower. Fighting back the February gamma may also be a factor.
+
+Proportion of shares reported under rule 605 compared to total volume *(OK TO SKIP)*:
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/6ec6r8evh1z61.png?width=817&format=png&auto=webp&s=b9fb6aa224c1a142141cc872b8cb5a47fa5a4453)](https://preview.redd.it/6ec6r8evh1z61.png?width=817&format=png&auto=webp&s=b9fb6aa224c1a142141cc872b8cb5a47fa5a4453)
+
+I am using 605 data because I believe it to be the most reliable data we have access to. However, it is possible the 605 data could be misreported. Conveniently, we can check to see whether such misreporting is likely by comparing the number of shares being reported under the 605 data to the overall volume for the same period. If there were a sudden drop in the proportion of the GME volume reported under 605, it suggests there may be a reporting error. As you can see, I found no evidence of such an error. This doesn't mean there wasn't misreporting, but it allows me to continue regarding the 605 data as the most reliable we have access to.
+
+Thank you for reading
+
+Thank you for reading my analysis. As I mentioned above, I have more data coming. I have also reached out to relevant experts who might allow me to expand, clarify, or correct my findings. I will update this post accordingly. There may be a follow up post if I have additional findings worth sharing.
+
+*Please be aware that this is not financial advice and all conclusions I have given are tentative. My findings are limited by my own shortcomings, which are numerous.*

DD/2021-05-14-Estimation-of-Current-Short-Interest-Percentage-based-on-SI-Report-Cycle-and-Deep-ITM-Call-Purchases.md

@@ -0,0 +1,222 @@
+I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.
+========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) | 
+
+---
+
+[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)
+
+0\. Preface
+
+Not a financial advisor. Yada yada. If you actually listen to me you might want to get your brain checked for crayons.
+
+Probably no need for any more DDs from me after this one - its a cumulation of my thoughts over the past few months. People were interested in an SI% estimate so I thought, hell yeah, that's interesting shit. Why not?
+
+On a side note, I've learned pretty much everything I have about the stock market from Peppa Pig. Good stuff. Definitely recommend.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/wfiam0y2t0z61.png?width=549&format=png&auto=webp&s=49c513b5110df562a5032214966ddf0990c1c7a2)](https://preview.redd.it/wfiam0y2t0z61.png?width=549&format=png&auto=webp&s=49c513b5110df562a5032214966ddf0990c1c7a2)
+
+Once again I'll be referencing charts from the mastermind [/u/broccaaa](https://www.reddit.com/u/broccaaa/) and their post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). Go read that shit. Seriously.
+
+Also, sorry. TLDR is very difficult besides the bullets of Section 0 and my calculated result in Section 2.
+
+0\. What's Going On Here?
+
+I've posted a few DDs in the past, and have basically come to the conclusion of the following per the data I've seen. I'll show you a few charts from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post to support this:
+
+-   The price movements we've been seeing, both volatile moves up and down, are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. This is due to the "SI Report Loop" that they're trapped in, paired with the fact that there are no more shares left in GME and there have been no shares for quite some time. I'll go into more detail in the next section because it is the basis of the SI% calculation.
+
+    -   They held back buy pressure from May 1 to May 12, and then it started to be unleashed on May 13. Refer to Section 1 where I discuss the SI Report Cycle.
+
+-   I do not believe they are delaying FTDs or hiding FTDs. Ever. They are satisfying them immediately with fake shares and simply hiding their ever-growing SI%. This is why we never see the "FTD squeeze" theory play out. They aren't juggling a pile of FTDs - they're simply adding to their ever growing short position until they inevitably get margin called from too high of a risk. (Hello??? Reverse repo loans coming out at higher frequencies lately?!)
+
+-   Each type of option is used for a very specific play. We see large purchases of OTM PUTs, ITM PUTs, OTM CALLs, and ITM CALLs popping up in anomalies.
+
+    -   OTM PUTs = Used to hide their SI%. This has no effect on the price of GME because these are not being exercised and they maintain OI even until expiration. The shorters are using these to hide their SI% from the world. The main counter-argument to the MOASS is "their SI% is 20%, they covered". So if you're a shorter and you hide your SI%, you can push that narrative that you covered and hope people sell. Supporting Data: Figure 1, PUT OI Versus SI%. Check out how SI% drops when PUT OI skyrockets.
+
+    -   ITM PUTs = Used to flash crash the price. This is an expensive move and I believe we only saw this happen once, on March 10. This is a last-ditch effort move where you mass exercise ITM PUTs to crash the price down from a critical point. If you don't remember - March 10 the price hit $350 before being flash crashed down. They have purchased up many more ITM PUTs lately, so they might attempt this again. Supporting Data: Figure 2, PUT OI For Options, March 9 to March 11. Look at how the PUT OI dropped on March 10, indicating mass exercise of options to flash crash.
+
+    -   OTM CALLs = Used by other large players who want a profit. [We only just recently started seeing these from what I can tell](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). I'm assuming that because these just started popping up that other big players are looking to make some cash. The ones that were purchased expire on July 16, 2021. They might be hoping for the squeeze before then and maybe thought $140 was the bottom.
+
+    -   ITM CALLs = Used by shorters to filter synthetic shares through and satisfy FTDs. These purchases occur a lot when FTDs pile up. I believe that they continue to use this in conjunction with Citadel in order to fulfil FTDs because there is no liquidity. These options have an effect on price because they are immediately exercised so that the shares can be delivered. Supporting Data: Figure 3, ITM Call Volumes Versus FTDs. Deep ITM CALL volume skyrockets when FTDs increase.
+
+-   And my most important finding: shorts r fuk
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/bz6rqprd70z61.png?width=1848&format=png&auto=webp&s=6af2d251b49b225cfc94a8b8ecdfbda05b371e87)](https://preview.redd.it/bz6rqprd70z61.png?width=1848&format=png&auto=webp&s=6af2d251b49b225cfc94a8b8ecdfbda05b371e87)
+
+Figure 1: PUT OI Versus SI%
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/br8zshfy70z61.png?width=792&format=png&auto=webp&s=17a336296450a063c9d656891fc0ce95cc74ab56)](https://preview.redd.it/br8zshfy70z61.png?width=792&format=png&auto=webp&s=17a336296450a063c9d656891fc0ce95cc74ab56)
+
+Figure 2: PUT OI For Options, March 9 to March 11
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/8haclqqp80z61.png?width=1894&format=png&auto=webp&s=ea99b5a40cd13293e51f68e9a99e3a15e70a5196)](https://preview.redd.it/8haclqqp80z61.png?width=1894&format=png&auto=webp&s=ea99b5a40cd13293e51f68e9a99e3a15e70a5196)
+
+Figure 3: ITM Call Volumes Versus FTDs
+
+1\. There Are No Shares Left. Every Share Being Bought Is Synthetic
+
+Well, at least most of them are synthetic. A vast majority are synthetic due to SI% being over 100% since December. You don't just suddenly find liquidity in GameStop after naked shorting the shit out of it. It's going to have to be continuously naked shorted (and produce synthetics) to satisfy buyers until the MOASS. Otherwise, whoopsie. They'll have to start unwinding a bunch of FTDs from being forced to deliver (and find the shares). So instead of that route, they'll make fake shares for the FTDs.
+
+I've been trying to understand what the hell has been going on with the price. Why did it surge in January? Why did it surge in February? Why March? Why did we see volatile jumps all over the place? Why does buying pressure seemingly get negated? T+13? T+21? T+35? No, no, no. It is all SI Report Loop. They're stuck in that loop and can't get out. I've talked about this in [my other DD](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) but I'll recap because it's very relevant here for why we can use ITM CALLs to calculate SI%:
+
+The shorters are stuck in a loop revolving around [Fina Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). What exactly is this?
+
+> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
+
+There's three columns on that link. What are they:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+You want to make sure that your short positions are hidden by the Settlement Date so that it pops up to the world on the Receipt Date. For example, they opened up a shitload of OTM PUTs (Figure 1, PUT OI Versus SI%) prior to January 29th Settlement. Upon February 9th, SI% dropped like a rock. As long as short positions are hidden or covered by the Settlement date, then the receipt date will not take those into account.
+
+Refer to Figure 1 on PUT OI skyrocketing when SI% dropped. At that point in time (early February), they could claim to the world that they covered, and they did claim that, but they actually just hid their short position from the world's eyes.
+
+Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
+
+| Settlement Date | Due Date | Exchange Receipt Date |
+| --- | --- | --- |
+| January 15 | January 20 | January 27 |
+| January 29 | February 2 | February 9 |
+| February 12 | February 17 | February 24 |
+| February 26 | March 2 | March 9 |
+| March 15 | March 17 | March 24 |
+| March 31 | April 5 | April 12 |
+| April 15 | April 19 | April 26 |
+| April 30 | May 4 | May 11 |
+| May 14 | May 18 | May 25 |
+| May 28 | June 2 | June 9 |
+| June 15 | June 17 | June 24 |
+
+So we can say that between each Settlement Date is a loop where they'll have new shorts open up, and then they want to hide those new shorts by the next Settlement Date so that it doesn't appear on the SI% report and increase it. (Imagine if one day we saw SI% jump back up from 20% to 140% or more. Imagine the headlines. They can't risk that happening).
+
+And what exactly goes on between each loop? Let me bring up my handy-dandy chart again before continuing. I've plotted the Settlement Dates here and boxed volatility moments. You'll see that there is ALWAYS a volatile move up and a volatile move down between these dates.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/il7rvu09d0z61.png?width=1423&format=png&auto=webp&s=e80d44e1b085ef132070f37c5cc45171519ca58e)](https://preview.redd.it/il7rvu09d0z61.png?width=1423&format=png&auto=webp&s=e80d44e1b085ef132070f37c5cc45171519ca58e)
+
+Figure 4: SI Report Loop And Volatility
+
+Here's what I am assuming happens:
+
+1.  Retail starts buying. They (Citadel & Co) create synthetics to match this buy pressure because there's no liquidity/no shares available. This negates buy pressure and any additional shorts (iborrowdesk) helps drive the price downward.
+
+2.  Retail doesn't get their shares delivered. FTDs start piling up. The synthetics created in #1 and the shorts that were opened in #1 need to be hidden by the next SI report date otherwise it will pump the SI% up again. The FTDs must be satisfied as well or it will start an unwinding of their massive web of bullshit.
+
+3.  They feed these synthetics into Deep ITM CALLs that are then purchased up, exercised, and used to satisfy the FTDs that were created by retail buying. This process drives the price up. Retail now owns more fake shares and their overall short position continues to grow.
+
+4.  Combination of #1 and #3 cancels out the downward pressure on the price. GME creates a higher low as long as retail didn't sell. If you look at the GME price chart, you'll notice how it continues to create a higher floor between each SI Report Cycle. Basically, the "true" GME price is revealed after #1 and #3 cancel each other out because it shows how retail buying increased the price relative to the prior SI Report Cycle.
+
+5.  Any additional shorts they have will be pushed under the rug with OTM PUTs.
+
+Each cycle they continuously grow an ever larger short position and thus an ever larger SI% with these synthetics and additional borrowing. Meaning they continue to have higher risk, and their margin call price slowly moves downward. They keep making it worse for themselves. Every cycle they spend a little money kicking it down the road. Every cycle the price floor rises. Every cycle they increase their short position.
+
+You know how we see >=50% short volume each day? That's most likely them pairing 1:1 with retail buys for synthetics so that they can be later delivered through ITM CALLs. A bold assumption of course, but it could be relevant and might explain why we've been seeing that data of short volume.
+
+That's why I believe that the volatile price movements both up AND down are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. They suppress the buy pressure with synthetics, but then must deliver those synthetics to satisfy FTDs. Upon exercising the ITM CALLs to deliver these synthetics, they cause the price to surge upward.
+
+I am assuming that every one of these Deep ITM CALL purchases are synthetic-covered and thus 100 fake shares per contract.
+
+2\. Assumptions In Calculating SI%, And Results
+
+We're assuming that the Deep ITM CALLs are not used to hide FTDs but they are rather used to satisfy the FTDs immediately with fake shares. This is most likely why we never saw the "hidden FTDs" pop out again to support the FTD squeeze theory. Because they've already been delivered, and the synthetics keep pumping into their total SI%. So they're in the process of juggling an ever-increasing SI% position while the price also continues to rise.
+
+Per [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/), between March 1st and March 11th, inclusive, [there were approximately 27,650 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/). If we assume that all of those were to fulfill FTDs and are synthetic due to no liquidity in the market, then that comes out to 27,650 * 100 = 2,765,000 synthetic shares from March 1st to March 11th.
+
+In another post, on April 1st, [there were approximately 5,960 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/). Likewise, this equates to 5,960 * 100 = 596,000 synthetic shares on April 1st.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/eznmnbrc20z61.png?width=1890&format=png&auto=webp&s=c3002fadc94ca03ab92d3a4b17f322f97c2c5091)](https://preview.redd.it/eznmnbrc20z61.png?width=1890&format=png&auto=webp&s=c3002fadc94ca03ab92d3a4b17f322f97c2c5091)
+
+Figure 5: Cumulative Deep ITM CALL Volumes, March 1st to March 11th
+
+Look at the volumes between March 1st and March 11th compared to everything else. Oof. All those blips of ITM CALL anomalies is nothing compared to January and the spike in February.
+
+To be conservative I'm going to ignore straight up "volume" and rather calculate SI% based on a ratio of [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)'s data to the volumes we see. Here's results based on March 1st to March 11th, and April 1. I'm going to do an even value closer to the lower bound of 0.25 to get our "Average". It just makes the math easier.
+
+|  | March 1st to March 11th | April 1 |
+| --- | --- | --- |
+| Cumulative ITM Calls | 27,650 | 5,960 |
+| Cumulative Volume | ~110,000 | ~14,000 |
+| Ratio of Volume to CALLs | ~0.25 | ~0.42 |
+| "Average" Ratio |  | ~0.3 |
+
+Since we don't have historical data prior to 3/1, I'm going to use these two data points (March 1-March 11, and April 1) as our estimated "synthetics created" per volume.
+
+With a conservative estimate, we'll say that we get 30 synthetic-covered CALLs that are exercised for every 100 volume (0.3 ratio). And thus 3,000 synthetic shares per 100 volume.
+
+Let's tally it up based on Figure 5. I'm doing approximations for volumes because I do not have the data sheet that was used to create this figure. It's also easier to work with even numbers. Sorry for the long table.
+
+| Date | Volume | Approximate Synthetic CALLs (Volume*0.3) | Approximate Synthetic Shares (CALLs*100) |
+| --- | --- | --- | --- |
+| Janaury 7 | 3,125 | 938 | 93,800 |
+| January 11 | 3,125 | 938 | 93,800 |
+| January 13 | 62,500 | 18,750 | 1,875,000 |
+| January 14 | 25,000 | 7,500 | 750,000 |
+| January 15 | 12,500 | 3,750 | 375,000 |
+| January 19 | 13,000 | 3,900 | 390,000 |
+| January 20 | 6,250 | 1,875 | 187,500 |
+| January 21 | 10,000 | 3,000 | 300,000 |
+| January 24 | 125,000 | 37,500 | 3,750,000 |
+| January 25 | 100,000 | 30,000 | 3,000,000 |
+| January 26 | 210,000 | 63,000 | 6,300,000 |
+| January 27 | 260,000 | 78,000 | 7,800,000 |
+| January 28 | 80,000 | 24,000 | 2,400,000 |
+| January 29 | 61,500 | 18,450 | 1,845,000 |
+| February 1 | 62,500 | 18,750 | 1,875,000 |
+| February 2 | 18,750 | 5,625 | 562,500 |
+| February 3 | 13,000 | 3,900 | 390,000 |
+| February 4 | 3,125 | 938 | 93,800 |
+| February 5 | 3,125 | 938 | 93,800 |
+| February 8 | 3,125 | 938 | 93,800 |
+| February 9 | 6,000 | 1,800 | 180,000 |
+| February 10 | 3,125 | 938 | 93,800 |
+| February 11 | 1,000 | 300 | 30,000 |
+| February 16 | 1,000 | 300 | 30,000 |
+| February 19 | 3,125 | 938 | 93,800 |
+| February 24 | 120,000 | 36,000 | 3,600,000 |
+| February 25 | 60,000 | 18,000 | 1,800,000 |
+| February 26 | 14,000 | 4,200 | 420,000 |
+| March 1 | 13,000 | 3,900 | 390,000 |
+| March 2 | 4,000 | 1,200 | 120,000 |
+| March 3 | 10,000 | 3,000 | 300,000 |
+| March 4 | 8,000 | 2,400 | 240,000 |
+| March 8 | 24,000 | 7,200 | 720,000 |
+| March 9 | 15,000 | 4,500 | 450,000 |
+| March 10 | 26,000 | 7,800 | 780,000 |
+| March 11 | 6,500 | 1,950 | 195,000 |
+| March 12 | 2,000 | 600 | 60,000 |
+| March 15 | 2,000 | 600 | 60,000 |
+| March 17 | 6,000 | 1,800 | 180,000 |
+| March 18 | 3,125 | 938 | 93,800 |
+| March 25 | 3,125 | 938 | 93,800 |
+| March 29 | 3,125 | 938 | 93,800 |
+| March 31 | 4,000 | 1,200 | 120,000 |
+| April 1 | 10,000 | 3,000 | 300,000 |
+| Total |  |  | 42,713,000 |
+
+Yup. Assuming only 30% of the volumes resulted in actual synthetic CALLs being exercised to cover FTDs, we come up with a potential of 42,713,000 synthetic shares being created between January 7th and April 1st.
+
+Just for fun though, and I'm sure some of you are curious. Let's assume 100% of the volumes were accounted for. What would that give us? Dun dun dun... 142,375,000 synthetic shares. But I'll stick with the conservative estimate for now. Just thought I'd slap that in there for fun.
+
+Now let's assume that these were all NEW synthetics created because the SI was already over 100%. (Why else would they be buying these? The assumption is ITM CALLs are necessary for zero liquidity.) So we'll take the peak SI% since shitheads never covered and never will cover. The SI was 141% at its peak. Since 141% is based on 55,000,000 float, we'll say the original short position was 77,550,000, resulting in a grand total of 120,263,000 shares short as of April 1.
+
+What is the theoretical SI% now with our estimated shorts/synthetics just up to April 1st if the GME float is either 55,000,000 or the theoretical 30,000,000 as of late?
+
+| GME Total Float | SI% |
+| --- | --- |
+| 55,000,000 | 218% |
+| 30,000,000 | 400% |
+
+Oh dear god. That's a lot of tendies.
+
+They're amassing such a huge position that keeps growing every single SI Report Cycle. It's no surprise these reverse repo rates are coming out more frequently and in larger sums. They are battling a massive risk position now and GME is continuing to rise in price. They've got to be on their last legs.
+
+GME has been edged so much and so long that when it explodes it's going to rip a hole in the fabric of space and time and the simulation we live in will crash.
+
+Cheers apes. I'll see you on the other side.

DD/2021-05-18-Theory-on-FTD-Loop-Missing-Link.md

@@ -0,0 +1,271 @@
+Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th
+
+===================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) | 
+
+---
+
+[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)
+
+0\. Preface
+
+I'm not a financial advisor. <Insert witty comment here before posting>.
+
+Speculative post? OR REAL SHIT? I'm pretty hyped about April 16th being a doomsday clock for the hedgies, since that's the time they started working the night shift. "Give it up for day 15!" as Mr. Krabs would say.
+
+Do you like dates? I like dates. I'd be happy to take you on one. Just ask. 😉
+
+I would like apes to pick at this, because I feel like we're really close to finding the secret sauce to the price movements and predicting the next surge (maybe even MOASS ignition). Is it T+21? Is it T+35? Both? I've got some charts for you to take a peek at and help discuss!
+
+Shoutout to the big brain apes lately who started to bring traction to the FTDs again. I'd love to get all of your guys input and any other apes I've missed or who want to join in:
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)
+
+[/u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/)
+
+[/u/Horror_Fishing_2523](https://www.reddit.com/u/Horror_Fishing_2523/)
+
+[/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/)
+
+Let's DRAGON BALL FUSION this!
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0)](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0)
+
+Idea courtesy of /u/435f43f534
+
+1\. How to Determine T+35 and T+21
+
+Before we move forward, I think it's important to talk about T+35 and T+21. I've made the mistake of counting T+0 from option expiration, which I don't believe is right. The clock actually starts ticking on the Monday following options expiration. So, big whoops on my behalf.
+
+Quoting from [this post](https://www.reddit.com/r/Superstonk/comments/ml3exp/the_foass_speculation_yeah_foass/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) describing different T+N settlements:
+
+> It is not until T+35 (calendar days) when a clearing agency enters into a forced covering position.
+
+Ah, interesting. So after T+35 calendar days, the clearing agency is forced to start delivering.
+
+And if I recall correctly, T+21 derives from brokers having a limit of T+16, but a Market Maker gets an additional +5 days, which results in T+16+5 = T+21. So, Market Makers will be forced to deliver after T+21.
+
+Let's walk through an example of T+35:
+
+1\.  April 16 Options Expiration. T+35 clock starts the following Monday, April 19th, as T+0.
+
+2\.  Each calendar day following is +1, not including Holidays. This gives us:
+
+| April 16th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| April 19th | T+0 |
+
+| April 20th | T+1 |
+
+| April 21st | T+2 |
+
+| ... |  |
+
+| April 26th | T+7 |
+
+| ... |  |
+
+| May 21st | T+32 |
+
+| May 24th | T+35 |
+
+Cool beans. Let's walk through an example of T+21:
+
+1\.  April 16 Options Expiration. T+21 clock starts the following Monday, April 19th, as T+0.
+
+2\.  Each business day following is +1, not including Holidays. This gives us:
+
+| April 16th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| April 19th | T+0 |
+
+| April 20th | T+1 |
+
+| April 21st | T+2 |
+
+| ... |  |
+
+| April 26th | T+5 |
+
+| ... |  |
+
+| May 17th | T+20 |
+
+| May 18th | T+21 |
+
+So depending on if the Market Maker or the Clearing House is forced to deliver for April 16th options, if they are significant, then we're looking at one of two possibilities here:
+
+1\.  Market Maker delivers on T+21, May 18th
+
+2\.  Clearing House delivers on T+35, May 24th
+
+2\. Support for April 16 T+21 Theory
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s post is awesome. Take a look. It got my Pomeranian senses tingling again, so I took a look at the charts again once I looked at their findings a bit more:
+
+<https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21_from_put_expiry_dates_could_be_key_to_the_ftd/>
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s theory is that we have had T+21 links to January 22 and February 5th, resulting in the February 24th and March 10th bursts due to large amounts of PUT OI increasing since the middle of January. Remember, we don't count holidays. So it all lines up perfectly when you ignore February 15th (Washington's Birthday):
+
+| January 22nd Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| January 25th | T+0 |
+
+| January 26th | T+1 |
+
+| January 27th | T+2 |
+
+| <Ignore Feb 15> |  |
+
+| February 16th | T+15 |
+
+| ... |  |
+
+| February 22nd | T+19 |
+
+| February 24th | T+21 |
+
+| February 5th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| February 8th | T+0 |
+
+| February 9th | T+1 |
+
+| February 10th | T+2 |
+
+| <Ignore Feb 15> |  |
+
+| February 16th | T+5 |
+
+| ... |  |
+
+| March 8th | T+19 |
+
+| March 10th | T+21 |
+
+With that relationship established, T+21 from April 16th truly points to tomorrow, May 18th, because we need to start T+0 from the Monday following the option expiration. May the force be with you, prophet [/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)! I sure as hell would like tendies tomorrow!
+
+3\. What if it's Actually a Combination of T+35 and T+21? The Missing Link?
+
+Now... with that being said, I'd like to throw a curve ball at you. Instead of T+21, perhaps it starts with T+35 from major options dates and then it triggers an ever-looping T+21 cycle from those initial options dates:
+
+1\.  The option expires and then T+35 calendar days later the Clearing House starts to deliver.
+
+    1.  Clearing House -> Market Maker delivery complete
+
+2\.  Once the Clearing House delivers on T+35, the Market Maker gets the delivery and enters a T+21 cycle of kicking the can down the road because they don't want to deliver to retail. Price suppression baby!
+
+    1.  Market Maker -> Retail/Institution delivery cancelled!
+
+Theory? The Clearing House delivers to the MMs. The Clearing House is out of the picture now. No more T+35. It's all on the MMs to complete the delivery to retail (or institutions). The MM (Citadel) does not want to deliver, because fuck that! The price will skyrocket! So, they suppress the delivery and continuously can-kick in an infinite T+21. This is an infinite T+21 loop because the MMs are obligated by T+21. Hey! It's FTD squeeze theory! I've come full circle!
+
+In an actual example, let's look at January 15:
+
+1\.  January 15 options expire. T+35, February 24th, Clearing House delivers to Citadel.
+
+2\.  Citadel caps the delivery to not let the price run wild. Nuh-uh retail! You're not getting deliveries!
+
+3\.  Citadel kicks January 15th deliveries further down the road T+21 more days.
+
+4\.  T+21 March 25th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
+
+5\.  T+21 April 26th arrives and Citadel has to act quick to kick the can T+21 once more.
+
+6\.  Repeats indefinitely until all of January 15th options deliveries are satisfied, or DTC-005 pulls the plug.
+
+Or take a look at February 5th:
+
+1\.  February 5th options expire. T+35, March 15th, Clearing House delivers to Citadel.
+
+2\.  Citadel caps the delivery to not let the price run wild.
+
+3\.  Citadel kicks February 5th deliveries further down the road T+21 more days.
+
+4\.  T+21 April 14th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
+
+5\.  T+21 May 13th arrives and Citadel has to act quick to kick the can T+21 once more.
+
+6\.  Repeats indefinitely until all of February 5th options deliveries are satisfied, or DTC-005 pulls the plug.
+
+Ew. I don't like text. I like visuals. And I'm sure you guys do, too. It just helps so much more. Don't worry - I got you! We'll plot the January 15th and February 5th examples on a chart!
+
+Take a look at this chart of GME. Purple boxes are indicating T+35. Green boxes are indicating T+21. I'd love if someone had data to back up February 5th, or if that's just a red herring. Still, T+35 and then T+21 loop lines up perfectly with February 5th options date when you take into account holidays.
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f)](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f)
+
+Figure 1: GME T+21 and T+35 Cycles
+
+Huh? March 15th didn't have a surge! Yes, you are correct. It had a biiiig surge down though. Now take a look at our friend AMC. I've plotted THE SAME EXACT T+35 AND T+21 CYCLES. Notice how similar AMC is? How its following the same spikes? Notice anything different about March 15 for AMC? AMC went up! I bet you they wasted a lot of ammo on March 15th to avoid GME surging up because it was in the $280s at the time. Danger Zone!!
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142)](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142)
+
+Figure 2: AMC T+21 and T+35 Cycles
+
+The similarities in these charts is too much to pass up. Both AMC and GME are heavily shorted stocks and we need to apply the same analysis to both. AMC seems less suppressed compared to GME - fewer attacks - because it's not as big of a problem as GME.
+
+Once I saw the surge on March 15 for AMC it started to click that the T+35 initiation followed by T+21 loop is probably happening.
+
+Again though, February 5th is strange. It's not one of the major option dates that were provided last year. The only major option dates provided in early 2020 were:
+
+-   Janaury 15, 2021 (Possibly started T+35 and then subsequent T+21 cycle)
+
+-   April 16, 2021 (Possibly starting another T+35 cycle and subsequent T+21 cycle)
+
+-   July 16, 2021
+
+-   January 21, 2022
+
+Could be a red herring. Could be that they fucked up thinking GME would have been dead by February 5th T+35 = March 15th. PUT OI and PUT volume skyrocketed during the January runup to absurd amounts (we peaked at 2 million PUT OI = 200 million shares worth). They very well could have chosen February 5th as a date to hide deliveries. This is where I'm hoping I get some help from fellow apes.
+
+Now once more - this isn't throwing T+21 April 16th theory out just yet! I've plotted it on the charts which signals May 18th as T+21 from April 16th expiration. I just believe that we're probably looking at this T+35 and T+21 relationship instead. Regardless, I'm excited to see what happens tomorrow.
+
+4\. TL;DR:
+
+The FTD loop is most likely based around an initial T+35 from the Clearing House, and then an infinite loop of T+21 by Citadel (Market Maker):
+
+1\.  Major option date expires. The Clearing House will deliver to Market Makers after T+35 calendar days because the Clearing House is obligated to deliver after T+35.
+
+2\.  The Clearing House is now out of the picture after T+35 and the Market Maker has the delivery. The Market Maker then has to deliver to retail/institutions.
+
+3\.  The Market Maker (Citadel) doesn't want to deliver, so they cap the deliveries and kick it down the road. The maximum time Citadel can kick the can down the road before it comes back is T+21 business days because Market Makers are obligated to deliver by T+21.
+
+4\.  Once T+21 arrives, they kick the can some more, and maybe a few deliveries spill out, resulting in the price surges we see every T+21 days.
+
+5\.  The resulting relationship from major option expirations is T+35 -> T+21 infinite loop
+
+6\.  You can follow this example with January 15th options expiration.
+
+    1.  January 15 T+35 -> February 24th
+
+    2.  February 24th T+21 -> March 25th
+
+    3.  March 25th T+21 -> April 26th
+
+    4.  April 26th T+21 -> May 25th
+
+-   April 16th's T+35 delivery from the Clearing House arrives on May 24th and should initiate another T+21 loop if the theory holds.
+
+-   January 15th's T+21 loop will hit again on May 25th.
+
+-   Combination of #6 and #7 could be a Wombo Combo.
+
+Cheers! :)

DD/2021-05-19-Delta-Neutral-Update.md

@@ -0,0 +1,54 @@
+Delta Neutral DD Update: We Need More Volume!
+=============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/) | 
+
+---
+
+[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'm sure you probably don't need a DD to tell you that we need more underlying GME volume (in the form of a catalyst/FOMO), but wanted to share some observations from my work to partially explain why.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/eb8tem2st5071.png?width=910&format=png&auto=webp&s=60751638c8740598797d7732c68745b22bdd3c3e)](https://preview.redd.it/eb8tem2st5071.png?width=910&format=png&auto=webp&s=60751638c8740598797d7732c68745b22bdd3c3e)
+
+GME 12/1/2020 - 5/19/2021
+
+Refresher:
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
+
+-   Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. I don't use this too often as it's not a very consistent marker to make predictions on, but I keep it as a benchmark.
+
+Since the beginning of April, the GME has been fairly flat, with a wave-like pattern. This is actually very similar to underlying stocks with very high options volume relative to the underlying equity volume, which means it's highly controlled by MM delta-hedging stock-buying patterns.
+
+For example, here's a graph of Amazon, which has the highest options volume as a % of underlying.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/1bme4x3tu5071.png?width=910&format=png&auto=webp&s=3baddcf06b3d4e2f21ce4da4438940e8b5d40ede)](https://preview.redd.it/1bme4x3tu5071.png?width=910&format=png&auto=webp&s=3baddcf06b3d4e2f21ce4da4438940e8b5d40ede)
+
+Amazon 2/5/2020 - 5/5/2021
+
+As you can see, the delta neutral is relatively stable over time. The wave-like patterns is because of a "seasonality" effect leading up to each options expiration date. Delta neutral is generally highest on Fridays on expirations, compared to Mondays, for weekly-optionable equities. You can also see that the underlying value has a relatively stable ratio compared to the delta neutral, supported with resistance by the gamma neutral, and the max pain hugs the underlying pretty well. You can also see that the gamma neutral shoots up during periods of significant increases, but does not necessarily predict them. The ratio of the option volume x 100 / underlying volume for Amazon averages around 900%.
+
+Now here's a graph of Snowflake Inc, which has option volume as a % of underlying volume that averages more like 100%.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/ams0xoely5071.png?width=910&format=png&auto=webp&s=18c048a012bbdb8d8c4405a309968c5a164b448b)](https://preview.redd.it/ams0xoely5071.png?width=910&format=png&auto=webp&s=18c048a012bbdb8d8c4405a309968c5a164b448b)
+
+SNOW 9/22/2020 - 5/19/2021
+
+As you can see, this stock is less controlled by MM behavior, and the delta neutral can move with the underlying price more. The underlying also occasionally dips below the delta neutral, before coming back over it. You can also see the gamma neutral generally acts like a support, but can spike down/up if something big is happening.
+
+You can see in the GME graph above that it used to behave more like SNOW, but is now starting to behave like Amazon and is very controlled by MM patterns. It's also not a surprise, because the GME equity volume has decreased significantly the last two months. The table below summarizes the average 2021 GME volume for the underlying and options.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/st1mcfln06071.png?width=341&format=png&auto=webp&s=a4acd814b56eb69e88a06922066fe540ed6e4f09)](https://preview.redd.it/st1mcfln06071.png?width=341&format=png&auto=webp&s=a4acd814b56eb69e88a06922066fe540ed6e4f09)
+
+Average 2021 GME Volume
+
+You can see that back in January, volume was much higher than options volume, so the underlying buyer dictated price movement. However, volume has dropped so low in May, that the option volume purchases are now 250% of the underlying, and now the price is controlled by options buyers and market makers.
+
+TLDR: As I said, I'm sure it's not a surprise that we need more volume through a catalyst event, but you should not expect the MOASS to happen until we get that volume surge to overcome the delta-hedging hedgies, and you should expect the price to oscillate between around 5% and 40% of the delta neutral until that happens.
+
+Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This all came out of a lot of personal research, and have observed it working pretty consistently with the stocks I track (ones with high options volume). No one has peer reviewed my work, and I can't find support for this on the internet/in books. Therefore, please take this made up theory from a nobody on reddit with a grain of salt.

DD/2021-05-19-Hedge-Funds-Stole-the-American-Economy.md

@@ -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. 🚀🚀🚀🚀🚀🚀

DD/2021-05-24-GME-Masters-Guide.md

@@ -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

DD/2021-05-26-Gamma-Squeeze-Could-Be-Coming-Soon.md

@@ -0,0 +1,38 @@
+Gamma Squeeze Could Be Coming Soon!
+===================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/) | 
+
+---
+
+[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)
+
+For anyone that follows me, I track total market delta neutral/gamma neutral prices using options data to help with trading. The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes.
+
+The graph below summarizes the GME close price, Delta Neutral price (underlying where a total market delta is 0), and the Gamma Neutral price. You can see that a gamma neutral spike (at $7,387.08) occurred today for the first time since the 3/8 spike that started an 80% increase in a few days!
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/39sgr1p95j171.png?width=910&format=png&auto=webp&s=720e309950504c2759d106634cf6c331f17d9638)](https://preview.redd.it/39sgr1p95j171.png?width=910&format=png&auto=webp&s=720e309950504c2759d106634cf6c331f17d9638)
+
+GME 9/22/2020 - 5/26/2021
+
+I have a few more graphs below that zooms in on various sections so you can see how the gamma neutral price spikes can help signal increases.
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/rruwagby5j171.png?width=910&format=png&auto=webp&s=616dfac94d29b0b42d7e5c1e42db1d6d768c1928)](https://preview.redd.it/rruwagby5j171.png?width=910&format=png&auto=webp&s=616dfac94d29b0b42d7e5c1e42db1d6d768c1928)
+
+GME 2/19/2021 - 3/31/2021
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/ktkudkb96j171.png?width=910&format=png&auto=webp&s=51b48a9bc6738b664eba2e3c9fc4be763e914392)](https://preview.redd.it/ktkudkb96j171.png?width=910&format=png&auto=webp&s=51b48a9bc6738b664eba2e3c9fc4be763e914392)
+
+GME 1/4/2021 - 2/17/2021
+
+Additional information for those interested:
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
+
+Comparison to other stock behavior: [Delta Neutral DD Update](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/)
+
+TDLR: Gamma squeeze could be coming!

DD/2021-05-29-Another-GME-DD-Dump-by-Hank.md

@@ -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.
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/j62o5z1nd3271.png?width=1280&format=png&auto=webp&s=3fadd49ed2199aecd9c01ac7b217ef553c17e13e)](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):
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/zfcmkgu0e3271.png?width=992&format=png&auto=webp&s=5eafc5606eff94d6cba24d8431f1b86b56ebf694)](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.
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/z68ruuskh3271.png?width=1252&format=png&auto=webp&s=e83db4f3f6313f9fdc367f5837e0ad3a2d689b16)](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:
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/lf7an2osz2271.png?width=860&format=png&auto=webp&s=b7c852928a9c6543c79398ab6ca62e70ed56586c)](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:
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/83uq0evwz2271.png?width=968&format=png&auto=webp&s=55d830e91024a94a4e9d80f3839712e16f01152d)](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:
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/642523aw23271.png?width=1260&format=png&auto=webp&s=027d9261966882914a4e5c24065c00d8ee6bd898)](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.
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/6aehjy8pg3271.png?width=1102&format=png&auto=webp&s=79c0e339113e137ebe0e27b0bf212f944f75afd8)](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).
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/0lt1ep8mh3271.png?width=1190&format=png&auto=webp&s=9469b4104c46247cc21a335218b07c48c177f585)](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:
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/5jrxoslbw2271.png?width=1900&format=png&auto=webp&s=f27bdbd05a28f3c9a646fa0a21dc86cc1ed920de)](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:
+
+[![r/Superstonk - Another GME DD dump from Hank](https://preview.redd.it/5hprzpt2a3271.png?width=1930&format=png&auto=webp&s=ac9fdc266ac1f4fddf6c63d27e0d83372ad6407a)](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.

DD/2021-06-01-Shocking-Similarities-to-February-24th-and-March-10th-Runup.md

@@ -0,0 +1,168 @@
+Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.
+==========================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) | 
+
+---
+
+[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)
+
+0\. Preface
+
+I am not a financial advisor, and I do not provide financial advice! Everything within this post is my opinion and observations. They should be taken with skepticism. So grab a crayon my friends! June has started off absolutely wild!
+
+TL;DR: Hedgies are close to meeting [their doom](https://www.youtube.com/watch?v=Nw_cdqQHGA8). DOOOM.
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/umrwsell4r271.png?width=1277&format=png&auto=webp&s=43c58c358fa9130c22b5b6f5b81430992a9583fa)](https://preview.redd.it/umrwsell4r271.png?width=1277&format=png&auto=webp&s=43c58c358fa9130c22b5b6f5b81430992a9583fa)
+
+I've been labeled as "Doomsayer" by my friends.
+
+Actual TL;DR: June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.
+
+Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.
+
+1\. June Kicked Off A Few Things
+
+Here's a list of things you might have missed (save for OCC-003) that are now in place as of June 1st. Which further supports that the MOASS is getting close!
+
+-   JP Morgan opened [MORE netting accounts](https://www.dtcc.com/-/media/Files/pdf/2021/5/25/MBS987-21.pdf).
+
+    -   These are piggy banks for sucking up assets of defaulting members in the auctions of the DTC, ICC, and OCC. I wonder who JP Morgan is going to consume?
+
+-   DTC, ICC, and OCC wind-down and auction plans now all in place.
+
+    -   [OCC-003](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) was the final one to join. Welcome, OCC! All three entities are finally ready for the bomb.
+
+    -   In my opinion this means that the rocket is ready for takeoff because these entities are now protected.
+
+-   ICC [index swaption](https://www.investopedia.com/terms/d/dowjonescdx.asp) discounts started through [ICC-014](https://www.sec.gov/rules/sro/icc/2021/34-91922.pdf).
+
+    -   Think of this as an index like SPY/QQQ/VIX/etc. that watches for the potential defaults of others in the financial world.
+
+    -   The base swaptions are just like options, they give you the right but not the obligation to buy (or sell) insurance. But, this rule is for the INDEX discounts - meaning it is a bundle of these swaptions among a bunch of entities.
+
+    -   The ICC must be preparing for members of the index to be going on the brink of defaulting, or defaulting. From my interpretation, these discounts give others a cheaper hedge against defaults, and potentially get to scrape by instead of going under. This won't save the guys who are in too deep, it just helps everyone else to remain afloat after this market bomb goes off.
+
+-   ["Trading halt" rule amendments](https://www.reddit.com/r/DDintoGME/comments/no2ogw/two_approved_amendments_to_trading_halts_as_of_528/?utm_medium=android_app&utm_source=share) were passed May 28th, and are therefore in effect as of June 1st.
+
+    -   The wording of these amendments are VERY interesting. And the timing is VERY interesting. Take a look.
+
+    -   They will allow halts "In the event of a series of quotes, orders, or transactions at prices substantially unrelated to the current market for the security or securities"
+
+        -   E.g. They are preparing for people to be placing sell orders on securities/stocks that are WAY far away from the current trading price. Sound familiar? Like if GME is trading at $260 and a sell order comes in for $100k, $500k, $1m, $10m, etc? Yeah. Very curious why they'd push this amendment out.
+
+        -   Edit: This is most likely to have a slow burn upward in price on the standard +/-10% within 5 minutes trading halt. Don't worry about what has yet to happen. Only time will tell how this plays out!
+
+2\. Similarities To The Previous T+21 T+35 Runup
+
+It's quite amazing to look at everything right now and see the similarities. We already know that the T+21 loop is confirmed. It's like poetry. GME hits a beat in a cyclical manner every 21 trading days, and it is evidence that shorters are stuck in an endless dance. [Can we really look at T+21 and think that "they have covered their short positions"...?]
+
+If we can see patterns emerge from T+21, we can most likely see patterns emerge from T+21 and T+35. And so far, the current T+21/T+35 looks shockingly similar to the previous T+21/T+35.
+
+One similarity is the resurgence of gamma squeeze signals.
+
+The amazing ape [/u/yelyah2](https://www.reddit.com/u/yelyah2/), and I'm sure many others, have been [identifying signs that a gamma squeeze could be coming](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/):
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/q69cchm7kq271.png?width=1128&format=png&auto=webp&s=811f48c1afbefe1b70605994fc49a5e9a8070b77)](https://preview.redd.it/q69cchm7kq271.png?width=1128&format=png&auto=webp&s=811f48c1afbefe1b70605994fc49a5e9a8070b77)
+
+Figure 1: Gamma Neutral Values; From /u/yelyah2
+
+The most important data point to keep an eye on here is the yellow that spikes up/down. This is the "Gamma Neutral" value.
+
+> The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes. - [/u/yelyah2](https://www.reddit.com/u/yelyah2/)
+
+In other words, if you see Gamma Neutral spike up to the thousands and GME is currently trading in the hundreds, that means a Gamma Squeeze could be coming. Because the price needs to shift up to that amount in order to return gamma to 0 for a low-risk hedge. I'd definitely recommend reading their work on their findings!
+
+You'll see that in the first purple circle of Figure 1, Gamma Neutral spikes up on February 24th. Gamma Neutral then slams back down a few days later because the pressure was killed off. About a week later, March 5th, Gamma Neutral spikes again and remains high until the flash-crash of March 10th. Up until the flash crash, GME went on an absolute run in price and was starting to go parabolic.
+
+Take a look at the second purple circle of Figure 1. The same spike up/down over the course of a few days occurred again starting May 25th. Oddly similar to February 24th's spike up/down, right? Both brief anomalies initiated on T+21 dates.
+
+Between March 10th and May 25th, Gamma Neutral hasn't spiked up at all, despite there being two additional T+21 cycles between:
+
+-   March 25th (T+21)
+
+-   April 26th (T+21)
+
+Huh. What could have changed this time on May 25th?
+
+[Enter T+21 and T+35](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). The mechanics aren't fully fleshed out for why T+35 happens, I mean it's all based on patterns we see, but T+35 most likely applies to [Net Capital](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/). Net Capital being that the shorters must adjust their short position debts after a timeframe of their debts being discovered, or risk going net negative. This must be done in order to not default, because going net negative would trigger a margin call.
+
+These T+35's initiate from three major option dates:
+
+1.  January 15th, 2021 (--> February 24th)
+
+2.  April 16th, 2021 (--> May 24th)
+
+3.  July 16th, 2021 (--> August 23rd)
+
+So, we're not looking at purely T+21 days, but a [wombo-combo](https://www.youtube.com/watch?v=pD_imYhNoQ4) of T+35 and T+21 which could very well be the reason gamma squeeze signals are flashing again. Per my theory, a T+35/T+21 occurred last week, May 25th, due to April 16th options expirations. And the previous T+35/T+21 occurred on February 24th.
+
+COOL. So it appears that T+21/T+35 cycles can cause gamma squeezes due to the extra pressure on the shorters, and that might be why we're seeing a resurgence of the Gamma Neutral squeeze indicator this cycle. Oof, not a lot of data points, but hey. I like the patterns. 👀
+
+Moving forward, let's take a look at the price movements over the past few days. Of note:
+
+-   The purple call-out boxes are pointing to T+21/T+35 cycles (Feb 24, May 25).
+
+-   The red call-out boxes are pointing to purely T+21 cycles (March 25, April 26).
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/jfeq0m27vq271.png?width=1323&format=png&auto=webp&s=37a8d9f5925ed265cd3673714d95adc9b600140e)](https://preview.redd.it/jfeq0m27vq271.png?width=1323&format=png&auto=webp&s=37a8d9f5925ed265cd3673714d95adc9b600140e)
+
+Figure 2: GME Price Activity; Similarities Between Feb 24 T+21/T+35 and May 25 T+21/T+35
+
+Starting back at February 24th, all the way to the left of Figure 2, you'll see the purple callout box pointing to a purple box around the actual prices of GME. The lower bound of the box starts at the close price of February 24th, and the upper bound of the box ends at the close price of March 2nd, which is 4 trading days later. I used 4 trading days because, well, that's how many days we have seen since May 25th so far. I've applied this same method to all other T+21 dates and plotted their respective boxes. This is a visual to show you the behavior of the price following T+21 and T+21/T+35 cycles, and the differences between the two.
+
+You'll notice how on the T+21 days between February 24th and May 25th (red callouts), that the price was anchored around the same closing price of T+21 and not much upward pressure was applied. Meanwhile, the T+21/T+35 cycles (purple callouts) have had breakaways from these prices and are gaining much more momentum. The prices following T+21/T+35 have more support and are doing that beautiful bull-flag pattern that TA apes love. Further supporting that we're in a potential runup to a gamma squeeze in the near future.
+
+[Can't stop. Won't stop](https://www.youtube.com/watch?v=HgzGwKwLmgM). GameStop.
+
+The similarities of the price movement so far are quite hype, because this is on top of the resurgence of the gamma squeeze indicators.
+
+With all of the DTC, ICC, and OCC auction and wind-down plans being in effect as well as the other items I identified in Section 1.... man. It seems too good to be true right now.
+
+For fun, I plotted in blue ("10 bars, Nd") the gamma ramp timeframes in Figure 2. Check out when the next parabolic move like March 10th could occur. June, frickin' 9th. Sound familiar? Shareholder meeting? It's probably just coincidence, but damn. Good timing. Also haha 6/9. Nice.
+
+Further possible support is this post by the amazing ape [/u/isnisse](https://www.reddit.com/u/isnisse/). They have identified that a [breakout could be coming on June 10th](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/). They've used a really clever approach to guesstimate the breakout. Definitely take a look! Confirmation bias overloaded once I saw this.
+
+One last thing to note before moving on is the number of consecutive green close days that have followed May 25th. We have not seen that before, where there's a ton of support following T+21 or T+21/T+35, even back for the February 24th cycle.
+
+Are shorties losing their grip? One metric I was watching for the longest time was Deep ITM CALL purchases, which could also signal that their DOOOM is near.
+
+3\. The Death of Deep ITM CALLs?
+
+In my [previous post](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), I was thinking that these Deep ITM CALLs were being used to satisfy FTDs. Now I'm not entirely sure - it could be used for that purpose, certainly. But it could simply be that they were used to delay the FTDs rather than satisfying them as people were predicting for the longest time. If that is the case, then the shorties are most likely losing their grip, as shown by the increase of volumes in meme stocks across the board. The <insert offensive word> is about to hit the fan.
+
+I'm grabbing this figure from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) which compares Deep ITM CALL Volumes to FTDs:
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/c490umhwqq271.png?width=1907&format=png&auto=webp&s=93f449a5150c398e9a88e857a937677e239fae70)](https://preview.redd.it/c490umhwqq271.png?width=1907&format=png&auto=webp&s=93f449a5150c398e9a88e857a937677e239fae70)
+
+Figure 3: Deep ITM CALL Volumes Vs FTDs; From /u/broccaaa
+
+When FTDs skyrocket, Deep ITM CALLs are eaten up. You see this occur extensively in January due to the mini-squeeze that occurred from massive FOMO of retail around the world. And then a resurgence of these Deep ITM CALL anomalies in the February 24th to March 10th runup due to more FTDs appearing.
+
+Ever since March 10th, these Deep ITM CALL purchases have slowly decayed and died off. User [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) had been posting about these anomalies for weeks, and weeks, until suddenly - the anomalies stopped. The only significant purchases that have been made since the Deep ITM CALLs died off have been for Deep OTM CALLs and Deep ITM PUTs.
+
+-   [Deep OTM CALLs were purchased](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). Possibly a big entity expecting the price to pop by July 16th.
+
+-   Deep ITM PUTs were purchased as well (same link). [We got a warning that they could be used to flash crash the price on May 28th](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/), and sure enough, it happened.
+
+So what does this mean? The give-up on Deep ITM CALLs could be many things.
+
+Perhaps there's no more liquidity to use them?
+
+Maybe they came up with a better way to delay FTDs?
+
+It could be too expensive and they can't delay FTDs any more?
+
+Maybe, by some weird reason, DTC-005 is actually in effect and blocking this practice - which makes the FTDs come to fruition these next few weeks?
+
+The resurgence in meme stocks across the board makes it look like they're losing their grip and its simply too expensive for them to delay it any more. The volume, in my eyes, is not shorts covering but the volume is due to the FTDs beginning to pour out into the world.
+
+The peddling of AMC could be that is their last and only option. To divide and conquer. Their best chance now is to try to pull GME apes into AMC because, despite it being shorted heavily as well, it is a much higher float and lower price. Therefore it would be easier to contain and take control of. They have to try to push AMC because all their other efforts failed. That being said, when GME goes off, AMC, KOSS, and other meme stocks will most likely squeeze as well. But - GME is the backbone, and only as long as GME remains strong will every stock experience a squeeze.
+
+The latest T+21/T+35 cycle is prepping a gamma squeeze, just like what we saw from February 24th to March 10th. It's surprising how similar things are looking so far, especially in the price movement and support staying in the $260s as of after hours of June 1st.
+
+It's even scarier that the gamma squeeze, if it happens, would start to go parabolic exactly on June 9th.
+
+Ryan Cohen - did you know? DID YOU?

DD/2021-06-03-Who-Has-Been-Trading-GME-Every-Week.md

@@ -0,0 +1,149 @@
+The FINRA Veil: Who's Been Trading GME Every Week (four months of data examined)
+================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/djk934](https://www.reddit.com/user/djk934/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/) | 
+
+---
+
+
+[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)
+
+So [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/) pulled some FINRA data on June 2nd (<https://www.reddit.com/r/Superstonk/comments/nr2gbi/hank_needs_you_part_ii_hank_the_data_shepherd/h0embxg/>) and I went digging into this for the data that was there for GME. It goes from the week of January 4th to April 26th. So unfortunately, it's a bit outdated, but that's what we have to work with. This is the OTC data.
+
+TLDR We get to look at all the different groups potentially wrapped up in this mess. Spoiler alert, it is probably more major groups than you think.
+
+I also have the Excel sheet of the FINRA data, and I think I got it working below to share it safely. Looking into some solutions for that - you can also copy the information from [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)'s post into Notepad and import it into Excel fairly easily. [Google Sheets Link Here](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx) (first time doing this but I believe it should safely share - it's an Excel file download)
+
+TLDR DONE
+
+I examined the data to review who traded the most GME each week and there were five consistent companies that consistently appeared in the top 5 for Total Weekly Share Quantity. Depending on the week they are in different orders.
+
+-   Citadel Securities LLC
+
+-   Virtu Americas LLC
+
+-   G1 Execution Services LLC
+
+But that's only 3, you said there were 5. I did. Check out these images.
+
+<https://imgur.com/SBUQPbe>
+
+<https://imgur.com/6JufxgW>
+
+<https://imgur.com/GnQP60P>
+
+The other 2 groups DO NOT INCLUDE A NAME. Their Market Participant Name is BLANK. It is impossible to know 100% if this is only two separate groups but I would argue that since they consistently show up throughout the FINRA data we are looking at 2 mystery companies that are trading an absolute ton of GME every week OTC. One of these blank spots is ALWAYS the top spot, while the other seems to fluctuate between position 3 and 4.
+
+These five positions (two blanks, Citadel Securities, Virtu Americas and G1 Execution Services) account for around a total of 82% of the trades carried out OTC. (thanks for [u/Gandos123](https://www.reddit.com/u/Gandos123/) for pointing this out!) Including these groups, there are around 33 regular participants. Which means the other 28 entities only carried out 18% of the OTC trades.
+
+Edit - the blanks may be classifying other info - if you examine other tickers they add up to 50% of trades. But the numbers aren't that important for this post.
+
+So who the fuck could these two blank groups be. I suspect this is also intentionally left blank, but why would it be left blank? Could be deliberate foul play? Could be a legitimate error? Could be a FINRA regulation?
+
+So I went looking on FINRA's website to see if there was a rule about this. Turns out there is. If a firm lacks a market participant ID (MPID for short), then the field is intentionally left blank. (for more on these check out <https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq> under Section 104 and <https://www.finra.org/filing-reporting/regm-user-guide>) The firm could also break the rules and not report their MPID if they wanted for a small fine (ugh). The full MPID list can be found <https://otce.finra.org/otce/mp-list>.
+
+The full list of participants trading GME *ON A WEEKLY BASIS* in the FINRA report from January 4 to April 30 is listed here. There were a few other small fry that showed up, but not for many shares or more than a week or two.
+
+-   BIDS BIDS ATS -- likely belongs to BIDS Trading L.P. (they have multiple MPID's but BIDS is one of them)
+
+-   Citadel Securities LLC (multiple MPID's but IEQY is one of them)
+
+-   CODA CODA -- likely belongs to Coda Markets Inc. (they have multiple MPID's but CODA is one of them)
+
+-   Comhar Capital Markets, LLC (their MPID is YKNA)
+
+-   CROS CROSSFINDER -- likely Credit Suisse Securities (their MPID is CROS)
+
+-   DBAX SuperX ATS -- likely Deutsche Bank Securities (they have multiple MPID's but DBAX is one of them)
+
+-   De Minimis Firms (THERE IS NO MPID HERE, small firms that do less that 200 trades per day get grouped up together as De Minimis Firms <https://www.sec.gov/rules/sro/finra/2019/34-86315.pdf> )
+
+-   EBXL LEVEL ATS -- likely EBX LLC (their MPID is EBXL)
+
+-   G1 Execution Services, LLC (multiple MPID's but ETMM is one of them)
+
+-   IATS IBKR ATS -- likely Interactive Brokers LLC (their MPID is IATS)
+
+-   ICBX CBX-- likely Instinet, LLC (they have multiple MPID's but ICBX is one of them)
+
+-   INCR Intelligent Cross LLC -- Intelligent Cross LLC
+
+-   ITGP Posit -- likely ITG INC. (they have multiple MPID's but ITGP is one of them)
+
+-   Jane Street Capital LLC (multiple MPID's, JSJX is one)
+
+-   JPBX JPB-X -- likely J.P. Morgan Securities (they have multiple MPID's but JPBX is one of them)
+
+-   JPMX JPM-X - likely J.P. Morgan Securities (they have multiple MPID's but JPMX is one of them)
+
+-   KCGM Virtu Matchit ATS -- likely Virtu Americas LLC (they have multiple MPID's but KCGM is one of them)
+
+-   LATS The Barclays ATS -- Barclays Capital Inc. (they have multiple MPID's but LATS is one of them)
+
+-   MLIX Instinct X -- likely Merrill Lynch, Pierce, Fenner, and Smith Incorporated (they have multiple MPID's but MLIX is one of them)
+
+-   MSPL MS Pool (ATS-4) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSPL is one of them)
+
+-   MSRP MS RPool (ATS-6) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSRP is one of them)
+
+-   MSTX MS Trajectory Cross (ATS-1) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSTX is one of them)
+
+-   National Financial Services LLC (their MPID is XSTM)
+
+-   Robinhood Securities, LLC -- likely Robinhood Financial, LLC (multiple MPID's but HOOD is one of them)
+
+-   XSTN CrossStream -- likely National Financial Services LLC (their MPID is XSTM)
+
+-   SGMT SIGMA X2 -- likely Goldman Sachs and Co. LLC (they have multiple MPID's but SGMT is one of them)
+
+-   Stockpile Investments Inc. (their MPID is STKP)
+
+-   Two Sigma Securities, LLC (multiple MPID's but OHOS is one of them) *** UBS Securities LLC** (multiple MPID's but UBSS is one of them)
+
+-   UBSA UBS ATS -- likely UBS Securities LLC (they have multiple MPID's but UBSA is one of them)
+
+-   USTK Ustocktrade Securities (multiple MPID's but USTK is one of them)
+
+-   Virtu Americas LLC (multiple MPID's but VALR is one of them)
+
+-   Wolverine Securities, LLC (their MPID is WSEA)
+
+So there's the list of companies that have sent info to FINRA about their OTC trading. But we still have our missing companies right. Did you catch it? One of the major hedge funds involved in this entire mess is not listed here.
+
+Melvin Capital is not on the list. Given their central role in all of this, I would suggest they are potentially one of our BLANK parties. Given that Citadel had to publicly send them some funds, my guess is they are player numero uno EVERY SINGLE WEEK here. They are probably holding some HEAVY BAGS. Since they had an MPID, I suspect it's deliberate we do not see them here. (MLVN and MSMM are the MPID's for Melvin Securities LLC)
+
+The other group I am unsure of. I've looked through Bloomberg posts from these dates and can't find a huge amount of institutional changes. There are a few groups I have in mind, but no real data to back this up.
+
+EDIT ADDITION If you examine other tickers than GME, the blank spaces are accounting for around 50% of the trades. Do the blanks mean something else entirely? Maybe buy or sell side of trades with the listed firms? The data is pretty shitty in terms of numbers, but I don't think this changes the DD I am posting here. The numbers aren't really the focus of the DD anyways, but the list of potential involved parties. END ADDITION
+
+I know apes have looked heavily at Citadel and Melvin and their activities surrounding all of this, but I think it is time we spent some more time on some of these other groups that have been juggling GME around in OTC pools for a four month period as the largest stock fraud that's ever occurred played out.
+
+Though more recent data is not available, it's likely many of these groups are still stuck juggling weekly, perhaps more digging into them might yield some additional info.
+
+How well can we trust the exact numbers here? I'm not sure, *especially with the House of Cards revelations that some of these groups hold FINRA's investments*, but I think we can trust that the groups trading are correct as they don't like to waste money in fines if they don't need too.
+
+EDIT: So I forgot that Melvin applied for confidential treatment of some positions, then got denied for Q1. Then they reapplied for Q2 to hide their positions again (which went through), but will likely be denied again in a bit. I suspect it's even more likely that they are the top blank.
+
+A lot of people have commented Point72 as the third group - great idea - I skimmed the MPID list and didn't see them on there, so that may be correct as groups without an MPID can be listed as blank.
+
+Also, I've seen a lot of comments that Susquehanna isn't here - G1 Execution Services is a subsidiary of Susquehanna. Credit to [u/Emergency-Monk-7002](https://www.reddit.com/u/Emergency-Monk-7002/) for the link.
+
+Final point of this edit, I didn't put this in the post originally but have received a few messages about Bank of America - they are a subsidiary of Merrill Lynch I believe (BOFA is one of Merrill's MPID's) and Merrill Lynch is on the list.
+
+EDIT 2: An Excel File Link is now available. I believe it should share safely/anonymously now. [Link](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx). If you click this it will download the Excel file.
+
+EDIT 3: Someone asked who FINRA was and I put it in a comment. But at this point they might as well be the Financial Institution Not Regulating Anything.
+
+EDIT 4: Added a small note about how concentrated these OTC trades are in the top 5 entities.
+
+EDIT 5: To any mods who see this while I'm asleep, there might be a discrepancy in the numbers on this which I'm not sure what to make of after discovering it. Since after chugging through way more numbers ON OTHER TICKERS THAN GME in the Finra data, the blanks are accounting for exactly 50% of the data on each ticker. It is possible that the blanks could be accounting for the buy or sell side and the other listed groups are the opposite side of those trades, however this is poorly labelled and tough to decide which it is since it's the Market Participant Name that's blank and there is no label for whether it's a buy or sell. Whether the blank groups at the top is an entity or some odd tally/subtotal of trades, it isn't exactly clear from what's here.
+
+Regardless, I don't think it changes the point of the DD post here as I did indicate I wasn't super confident in FINRA's numbers originally since reading House of Cards. FINRA does have rules that names can be redacted/not included, firms could omit them, etc.
+
+Most importantly, the main point of this post is that the groups listed here have been participating in OTC trades for over 4 months from January to the end of April and the data shows it. It's fairly likely they are tangled up in this mess one way or another. We should continue to expand who we are looking into.
+
+Cheers all!
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

DD/2021-06-04-A-Look-Back-at-What-Michael-Burry-Knew.md

@@ -0,0 +1,127 @@
+A Look Back at What Michael Burry Knew
+======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Pop-Tart_Rabies_Monk](https://www.reddit.com/user/Pop-Tart_Rabies_Monk/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) | 
+
+---
+
+
+[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)
+
+APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle.
+
+I don't know about you but it has been quite a journey to get to this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we?
+
+Michael Burry
+
+I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround).
+
+We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. GME had a lil' mini squeeze in January, during which Burry sold his GME position for serious profit (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment).
+
+Even though Burry closed his GME position in January, he didn't just stop talking about it. Not by a long shot.
+
+"Building You Staircases and Knocking Castles Down"
+
+Read this tweet. No, seriously, go ahead. I'll wait.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276)](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276)
+
+🤑🤯
+
+I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just seen the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times for GME. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was a lurker on WSB at the time. But that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous."
+
+And then Michael Burry tweeted this.
+
+I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized a few minutes into the movie that the dude Christian Bale was playing in that movie was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind:
+
+"building you staircases and knocking castles down... building you staircases and knocking castles down."
+
+HO. LY. 💩
+
+At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy.
+
+So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my short-list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as [biotech].
+
+Let's take a look at the price chart, 6-month view, with the cursor over the day in question.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4)](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4)
+
+[Biotech] 6-month
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b)](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b)
+
+GME 6-month
+
+Now, when you look at [biotech], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on [biotech] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when [biotech] was spiking. So why did [biotech] do almost +300% in two days?
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9)](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9)
+
+Interim Analysis Results
+
+This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours.
+
+But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did [biotech] have a meme-like spike?
+
+#BigMoney
+
+Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. [Biotech] institutional ownership.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30)](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30)
+
+[Biotech] Institutional Ownership
+
+Did you see it?
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13)](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13)
+
+🤔
+
+Hmmmm...
+
+So BlackRock, our mythical GME long whale, is also the largest institutional holder of [biotech]. Interesting. But that's not all. Susquehanna International is also in the top 10 of SAVA , a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert [FuturamaSquintyEyes.gif.]
+
+And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!")
+
+BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares.
+
+Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short.
+
+But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in [biotech], you better believe it is as a hedge against a net short position.
+
+Let's go back to February 4th. On that day, both GME and [biotech] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows:
+
+1.  Citadel (and possibly Susquehanna) shorted both GME and [biotech].
+
+2.  BlackRock went long on both GME and [biotech].
+
+3.  GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻
+
+4.  A couple of days later, [biotech] spiked on the news of the interim results of their Alzheimer's treatment.
+
+5.  Citadel didn't like that. So they shorted [biotech] back down to size as much as possible (smh).
+
+6.  On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and [biotech]. They ultimately stabilized.
+
+So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still.
+
+My main takeaways from this exercise:
+
+1.  I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have an idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.
+
+2.  Every time I or any one of you beautiful apes pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.
+
+3.  Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down. HODL.
+
+4.  When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.
+
+TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.
+
+HODL my beautiful fellow apes.
+
+If you made it to the end, good job monke. Here, have a banana 🍌
+
+Not financial advice. I literally can't tell my own rear end from a coconut FYI.
+
+P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward.

DD/2021-06-04-Complete-Bank-of-America-Gamestop-DD.md

@@ -0,0 +1,157 @@
+The Complete Bank of America Gamestop DD
+========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/gfountyyc](https://www.reddit.com/user/gfountyyc/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) | 
+
+---
+
+
+[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)
+
+TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga
+
+Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor.
+
+> If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty*
+
+Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga.
+
+Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January.
+
+Hypothesis: Bank of America is the biggest bagholder in the Gamestop saga.
+
+Supporting Evidence:
+
+The 15 Billion Dollar bank bond.
+
+On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral?
+
+<https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409>
+
+BAC needed that 15B bond for insurance
+
+<https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan>
+
+watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE.
+
+I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.
+
+The Citadel Link
+
+So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now.
+
+Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. I think it is going to be an issue for someone else as well.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae)](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae)
+
+Citadels Liabilities
+
+Notes from the financial statement for Sussqhana and Citadel
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183)](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183)
+
+Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed
+
+Let's check what Citadel says about its Prime Broker ---->
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463)](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463)
+
+Who is holding Citadel's bag of shit?
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb)](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb)
+
+T his is also found in Citadels 2020 Annual Finacial report "A substantial portion of Citadels' options clearing and Financing activities are with BAML"
+
+BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless.
+
+Something to consider...
+
+Virtue Capital annual report
+
+<https://sec.report/Document/0001592386-21-000005/>
+
+They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH .....
+
+what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B.
+
+<https://outline.com/SxAFCy>
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8)](https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8)
+
+Virtue Capital payment for order flow
+
+then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit
+
+The Loan
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b)](https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b)
+
+They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH
+
+The New Hire?
+
+A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal?
+
+<https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel>
+
+Look for the usual suspect
+
+I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them.
+
+<https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20>
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21)](https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21)
+
+The 13F Filings
+
+In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit.
+
+<https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link>
+
+The recent Bank of America Q10 Quarterly report
+
+I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem.
+
+The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7)](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7)
+
+Page 47 on their recent Q-10
+
+<https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf>
+
+The Bullshit Push for Silver
+
+Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit.
+
+<https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790>
+
+<https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/>
+
+The Roaring Kitty
+
+It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5)](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5)
+
+Bank of America ATM and the GME logo
+
+The closed locations:
+
+Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look).
+
+Bank of America Analyst Shitting On GME
+
+"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%"
+
+"This is not a good quarter," Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company."
+
+Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January.
+
+<https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus>
+
+Conclusion: Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions.
+
+Note: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks.

DD/2021-06-04-There-is-Statistical-Significance-in-Meme-Stock-Price-Movement.md

@@ -0,0 +1,276 @@
+Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).
+========================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/squirrel_of_fortune](https://www.reddit.com/user/squirrel_of_fortune/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns8dhk/yes_those_patterns_yall_keep_posting_are_real_the/) | 
+
+---
+
+
+[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)
+
+So, this post is in response to [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) 's request for DD into correlation between stock price movements.
+
+TL/DR:
+
+1.  Two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
+
+2.  A machine learning method asked to put stonk data into clusters based on their patterns over the last half year put the meme stonks GME, AMC, KOSS, and others together regardless of which bit of price data you choose to look at. Look at the pictures!
+
+3.  Before Jan 2020, meme stocks (as a group) were not particularly correlated with each other, after Jan they were very well correlated with each other. (In fact before Jan AMC and GME were negatively correlated, after Jan they were very closely correlated).
+
+4.  On average, a control basket of boomer stocks have not changed in their correlation to each other. The basket of meme stonks have changed (after Jan 2021) to become highly correlated with each other (to a high statistical significance).
+
+Pearson R2 (r-squared) is a quick n dirty way to do the comparison between stonks, so I also wanted to put the data into an ML algorithm that would look for clusters in it, and see if that algorithm, knowing nothing about the situation other than the stock price and volume info, would group the stocks the same way we might by eye.
+
+Question 1: Would a machine learning algorithm cluster the stocks into meme and boomer? As in, what general patterns exist in these stock movements?
+
+Question 2: Are meme stocks significantly correlated with each other? Are they correlated more than a control set of boomer stocks?
+
+Bag of meme stocks as suggested by [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/): GME, AMC, KOSS, NAKD, NOKK, BBBY, VIX
+
+Control bag of boomer stocks: AMZN, CVS, GSK, RDS-B, WEN, GM, IBM. These were selected semi-randomly to try and come from different areas of the economy. And I added Wendy's just cos. And I think I picked general motors randomly, but maybe I was primed by GME's ticker.
+
+See picture below: normalising the daily high price to the highest price over the year to date, boomer stocks are dotted lines, meme stocks solid lines, they look different to me.
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb)](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb)
+
+This is the high price, after normalisation to the higher price seen in the last year to date. I don't wanna lead you apes, but I would say that the boomer stocks (dashed) look different to the meme stocks (non-dashed). But that is not scientific enough!
+
+Next picture: after the normalisation described in the methods section below to remove the general background movement of the stock market. I did not expect KOSS to be that similar. Maybe Hank did. The numbers in this plot are large due to the normalisation, but we don't care about the exact numbers we care about the patterns here. This graph shows us that GME and its friends are doing something really fucking odd this year to date!
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b)](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b)
+
+Normalised as described to remove the NASDAC background
+
+Question 1. Are meme stocks similar to each other? Would they be clustered together?
+
+We get very similar results for the 5 dimensions of the data (high price, low price, open price, close price , adjusted close price and volume). Low and high prices results showed the largest effect. The algorithm doesn't have a great time clustering over the entire time period, but we see something interesting when we split the data into June-Dec 2020 (before) and Jan-June 2021. I think low price is the most interesting so I will use this as an example. All the data from here on is the Low price of the day, although similar things were seen with the other prices.
+
+How to 'read' these pictures, the grey lines are the stocks over the time period, the red line is what the algorithm thinks is the middle of this cluster of stocks (sort of like a corrected average). The data is normalised for the algorithm, so the y axis is a relative price, the days are days since the start of the time period (6 june 2020 (before) or 1st Jan 2021 (after)).
+
+Before (in 2020):
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac)](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac)
+
+Stonks behaving normally. Note AMC and GME are in different clusters. Cluster 1 is stocks that go down, cluster 2 is stocks that go up. This is for the June 2020 to Dec 2020
+
+The best answer is 2 clusters:
+
+Cluster 1: ['AMC', 'NAKD', 'NOKK', 'VIX', 'CVS', 'GSK', 'RDS', 'WEN', 'IBM']
+
+Cluster 2: ['GME', 'KOSS', 'BBBY', 'AMZN', 'GM']
+
+After (2021):
+
+The two measures gave the best answer 2 clusters and four clusters.
+
+The two cluster answer:
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58)](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58)
+
+Meme stonks in cluster 1, boomer stocks in cluster 2, roughly. (y axis is mislabelled sorry, these are low prices). This is Jan 2021-June 2021
+
+*2 clusters (best on one measure)*
+
+Cluster 1: ['GME', 'AMC', 'KOSS', 'NAKD', 'BBBY', 'GM']
+
+Cluster 2: ['NOKK', 'VIX', 'AMZN', 'CVS', 'GSK', 'RDS', WEN, IBM]
+
+The 4 cluster answer
+
+*4 clusters (best on another measure)*
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3)](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3)
+
+Cluster 1. Some meme stocks and GM, peak around Jan, cluster 4, GME and AMC, doing their squeeze thing? Cluster 2 and 3, normal stocks doing normal things. (Again mislabelled y axis, sorry, is defo low prices). Jan 2021- June 2021
+
+Cluster 1: ['KOSS', 'NAKD', 'BBBY', 'GM']
+
+Cluster 2: ['VIX', 'AMZN', 'GSK', 'RDS']
+
+Cluster 3: ['NOKK', 'CVS', 'WEN', 'IBM']
+
+Cluster 4: ['GME', 'AMC']
+
+I got the same general pattern on the high price as well. AMC GME KOSS BBBY tend to be clustered together.
+
+Look at cluster 4's graph, isn't it pretty? And after the normalisation and all that shit (removing market background), we see that GME and AMC are higher than they were in Jan. Maybe they got a way to run?
+
+Conclusion 1:
+
+There is something similar in the meme stock price movement that causes the algorithm to put them together and this is seen across the 5 data dimensions (high price, low price etc). Looking at the four cluster answer, we see there are two different meme stock behaviors, the Jan price increase then settle for KOSS NAKD BBBY and GM (GM is following GME possibly cos of fat fingers, see later), whilst our meme stonks AMC and GME are increasing from Jan til now...
+
+Question 2.
+
+Is there a statistically significant correlation between the price action of meme stocks?
+
+Significance: how this works:
+
+The Pearson R2 measure (R2, should be R2 but I don't know how to superscript) is a measure of how correlated the stocks are. An R2 of +1 means an exact positive correlation (e.g. $GME goes up when $MEH goes up), an R2 of -1 means an exact negative correlation ($GME goes down when $MEH goes up), and R2 of 0 means no correlation (i.e. the two stonks are unrelated). It's not the best method to do this comparison, but it's the one we got!
+
+The p value is a measure of significance, if it is over 0.05 then the results are considered not statistically significant at all. The smaller the p value is, the more significant. (In more statistical language, a small p value relates to a small chance that the result seen is due to random fluctuations and not a relationship between the stonks). A p value under 0.0001 is highly significant. Where I've put p << 0.0001 I saw some TINY numbers, like a p values in the 1x10^{-20} region. You need to have significant results for your results to mean anything. (Any stats geeks in da house? Yes, we could discuss the difference between statistical significance and scientific significance, here, but we didn't. soz).
+
+If we have a large R2 there is a correlation, if it is backed up by a small p number it is a significant correlation and therefore we believe it is not a spurious correlation (i.e. bullshit).
+
+We use IBM as our archetypal boomer stock as no one ever got fired for buying IBM!
+
+OK so looking at GME's price movement against other stonks before 2021:
+
+Looking at the R2 on low and high prices BEFORE (June - Dec 2020):
+
+MEME to MEME
+
+GME to AMC : R2 = -0.73, p ~<<0.0001 (Negative CORRELATION! Very significant) (p value is 1X10^(-25)!)
+
+GME to KOSS : R2 = 0.55 , p <<0.0001 (middling correlation, Very significant)
+
+MEME to Boomer
+
+GME to IBM : R2 = -0.7, p << 0.0001 (neg correlation, very significant)
+
+BOOMER to BOOMER
+
+IBM to GSK -- R2 = 0.94, p << 0.0001 (high correlation, highly significant
+
+Fat fingered test
+
+GME-GM -- R2 = 0.79. p << 0.0001 (high correlation, highly significant)
+
+Looking at the R2 on low and high prices AFTER (Jan-Jun 2021):
+
+MEME to MEME
+
+GME to AMC : R2 = 0.83, p << 0.0001 (positive CORRELATION! Significant)
+
+GME to KOSS : R2 = 0.77 , p << 0.0001 (positive CORRELATION, very significant)
+
+MEME to Boomer
+
+GME to IBM : R2 = 0.47, p << 0.0001 (positive CORRELATION, significant)
+
+BOOMER to BOOMER
+
+IBM to GSK : R2 = 0.62, p << 0.0001 (mid correlation, highly significant
+
+Fat fingered test
+
+GME to GM : R2 = 0.72. p << 0.0001 (high correlation, highly significant)
+
+With a p value of p << 0.0001, GME is correlated with AMC (before and after, although switches direction), KOSS (before and after), NOKK (after), BBBY (before and after).
+
+*Fat fingers*: Humorously, there is a correlation between GME and GM, obviously people are buying the wrong ticker, so I guess my 'random' choice of GM was actually not that random, as I made the same mistake! N.B. GME-GM's correlation is the outlier in the boomer stock basket, but I left it in anyway.
+
+So what have we found?
+
+After January the meme stocks (GME, AMC, KOSS, BBBY) became positively correlated if they weren't and the positive correlation increased. So these stocks started to move together and only GME and KOSS were moving together before. The IBM-GSK comparison shows two different boomer stocks from the control group, they come from different industries (GSK was affected more by covid than IBM) and we see a standard sort of movement, they're both positively correlated and generally following the wider economy.
+
+And here's the data for all (average used is the median, error is standard error, 42 pairwise comparisons).
+
+Average R2 of meme stock before : -0.42 (+/- 0.09)
+
+Average R2 of meme stock after : 0.32 (+/- 0.05)
+
+Average R2 of boomer stock before : 0.34 (+/- 0.08)
+
+Average R2 of boomer stock after : 0.25 (+/- 0.05)
+
+Difference in meme stocks: + 0.74, this is a huge change.
+
+Difference in boomer stocks: -0.11, this is small, (but is it actually significantly different from no change?)
+
+So from this and the graphs we can see before both boomer stocks were on average not particularly correlated with each other. On average, meme stocks were weakly anti-correlated. But after, meme stocks on average move to be more positively correlated.
+
+Another hypothesis test! Yay! My favourite thing!
+
+Are these populations significantly different? i.e. is the change of the r2 of these stonks before and after significant. (geek note, we use the mann whitney u test here, and I used the Hedges effect size test (thought you'd like that!)).
+
+For the meme stocks:
+
+Yes! The correlation after is GREATER with a p-value of 0.0079 (so statistically significant) and an effect size of 0.7 (a medium sized effect). So the average change in correlation between the meme stocks is a (statistically) significant increase.
+
+For the boomer stocks:
+
+No! The correlation after is LESS with a p-value of 0.54 (so NOT statistically significant) and an effect size of 0.1 (no real effect). So no real correlation either way, I,e, the relationship between the boomer stocks hasn't changed over the last year to date (cos the change I found is small above enough that it could be random noise). So the average change in correlation between the boomer stocks is (statistically) insignificant.
+
+So what's the point?
+
+The meme stocks have become significantly more correlated since January, and our control basket of boomer stocks have not. I will not speculate as to why this is the case. Again, Hank asked on here for this information, so I presume he has an idea. At the very least, it is nice to know that the similarity in the price action that everyone keeps posting is statistically significant. I only looked at daily data (where do you get the 5 minute data?) and I expect that the GME AMC correlations on this timescale would be fun to look at, and perhaps something of a smoking gun.
+
+Final point, correlation does not imply causation. Although I've not made any comments as to why these correlations exist. All we've got here is two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
+
+The end unless you want to know the details:
+
+Methods:
+
+*Data pre-processing:*
+
+We want to look at the patterns in the data and relative change rather than overall price movement, so we normalise the data to try and compare the datasets.
+
+Data was taken a year to date from yesterday (6/3) and all stocks were normalised to the first day, so that the first day normalised prices was 100. The NASDEC ($IXIC) was also normalised the same way to the same day. To remove the background effect of the stock market's general movements, each dataseries was then divided by the normalised IXIC (day for day), and then renormalized back to 100 at the start of the data. The numbers get huge for GME due to it's huge price movement.
+
+*Time horizon:*
+
+The data for the whole year to date was compared but more interesting results were seen if we split the data into pre and post January 1st. Data was daily price data, including, high, low, open, close, adjusted close and volume).
+
+*Correlation tests:*
+
+After normalisation, datasets were tested for how correlated they were using the Pearson R2 measure and corresponding p-value using SKlearn.
+
+*Clustering!*
+
+We want to find similar patterns in the stock movements without assuming a. that we would see exact changes at the exact same time point and b, that the changes will be the same size. We cope with assumption a by using dynamic time warping distance metric (and b was the reason we did some of that normalisation). We use a machine learning clustering algorithm that can work with time-series data and compare the stonks using this dynamic time warping stuff. We test from 1 cluster up to 7 clusters using standard methods to determine which cluster is the best (inertia+elbow method and silhouette score), then we look at the clusters and see which stocks were put where.
+
+(see <https://github.com/tslearn-team/tslearn> <https://towardsdatascience.com/how-to-apply-k-means-clustering-to-time-series-data-28d04a8f7da3>)
+
+We do all this with each of the data dimensions (i.e. high, low, open, close, adjusted close and volume) and also with ALL OF THEM. And get pretty much the same results, btw, only LOW data is covered in this write up.
+
+Appendix:
+
+Comparing GME, AMC\
+Before: Pearson r: -0.73 and p-value: 1.1e-25\
+After: Pearson r: 0.83 and p-value: 7.6e-27
+
+Comparing GME, KOSS\
+Before: Pearson r: 0.55 and p-value: 2.8e-13\
+After: Pearson r: 0.77 and p-value: 1.1e-21
+
+Comparing GME, NAKD\
+Before: Pearson r: -0.68 and p-value: 3.2e-21\
+After: Pearson r: 0.043 and p-value: 0.66
+
+Comparing GME, NOKK\
+Before: Pearson r: -0.87 and p-value: 1e-47\
+After: Pearson r: 0.39 and p-value: 3.9e-05
+
+Comparing GME, BBBY\
+Before: Pearson r: 0.8 and p-value: 1.9e-34\
+After: Pearson r: 0.53 and p-value: 7.3e-09
+
+Comparing GME, VIX\
+Before: Pearson r: -0.42 and p-value: 1.5e-07\
+After: Pearson r: -0.3 and p-value: 0.0022
+
+Comparing IBM, AMZN\
+Before r: 0.25 and p-value: 0.0024\
+After Pearson r: 0.15 and p-value: 0.12
+
+Comparing IBM, CVS\
+Before r: 0.75 and p-value: 4.8e-28\
+After Pearson r: 0.83 and p-value: 6.9e-28\
+Comparing IBM, GSK\
+Before r: 0.94 and p-value: 5.8e-72\
+After Pearson r: 0.62 and p-value: 2.4e-12\
+Comparing IBM, RDS\
+Before r: 0.64 and p-value: 3.1e-18\
+After Pearson r: 0.16 and p-value: 0.11\
+Comparing IBM, WEN\
+Before r: 0.82 and p-value: 1.2e-36\
+After Pearson r: 0.85 and p-value: 5.8e-30\
+Comparing IBM, GMBefore r: -0.6 and p-value: 9.9e-16\
+After Pearson r: 0.39 and p-value: 4.6e-05
+
+If people want, I can run the code to do this for the whole set of measurables and write it out to a .csv file?
+
+Final disclaimer: I know fuck all about finance, but I know about data science and stats! Yay stats!

DD/2021-06-05-A-Look-into-GME-without-the-Squeeze.md

@@ -0,0 +1,140 @@
+Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze
+====================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/jarofmy](https://www.reddit.com/user/jarofmy/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt31x2/came_for_the_memes_stayed_for_the_fundamentals_a/) | 
+
+---
+
+[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)
+
+**Intro/Observation:
+
+God damn, god damn! Some of us have really come a long ass way since January. Might've even gained a few wrinkles along the way. Like many, I joined the party on the hype regarding "meme-stocks". I joined for the "squeeze", or more importantly, the MOASS. After months of constant hedge-fuckery, straight overdosing on hardcore DD, and everyone talking about squeeze this and squeeze that, I had completely forgotten that normally, people would simply invest in companies for FUNDAMENTAL reasons.
+
+[](https://preview.redd.it/1qn8uqovkn371.gif?format=mp4&s=fcb739f25ddcefdf1b0cdc01c2b7108cc66dba8f)
+
+Snorting god-tier DD, I said god damn!
+
+This thought occurred to me when talking to someone this past week about other rising stocks. They said: "if you inflate the value of (insert rising meme-stock) to drive out the short sellers but in the end you own a company that was struggling. What gives?"
+
+As fun as the squeeze will be, I wanted sound reasons to definitively YOLO. I wanted concrete evidence to harden my resolve. I wanted to be assured that, even without a squeeze, the company would still be a great investment. And so my goal is to completely ignore any potential squeeze theories, and explain why the current valuation of GME, on a fundamental basis, is STILL deeply undervalued. None of this is financial advice. I just like the freaking stock.
+
+TL;DR:
+
+Fundamentally, there are so many reasons why Gamestop is still deeply undervalued. By simply expanding their total accessible market, this stock is worth 100x AT A MINIMUM WITHOUT THE SQUEEZE. This is only possible due to the unique situation GME has, which is having a small amount of public float of shares "available to trade".
+
+I am not a financial advisor, and none of this is financial advise. I am just documenting what I've observed after shoving some crayons too far up my nose.
+
+**Thesis:
+
+To some, the valuation of GME may seem absurd in isolation. However, when compared to its potential accessible market, it becomes clear that Gamestop is deeply undervalued.
+
+For example: "GME at $250 per share is a really high price!" vs "GME at $250 per share means that it's market cap is valued at only $17 billion, in a potentially $2 TRILLION accessible industry"
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de)](https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de)
+
+Gamestop's previous brick-and-mortar focused model limited the company's accessible market. The new transformation under Ryan Cohen's helm will lead to the company's explosion into capitalizing on various untapped, and growing markets. And if you want to see what someone can do, you should look at what they've already done...
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f)](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f)
+
+Brief History Lesson, Chewy was the Blueprint
+
+Ryan Cohen founded Chewy in 2011, in the face of industry competition such as Petsmart, Petco, and Amazon. He began by poaching talents from Amazon, Petsmart, and Wayfair (any of this sound familiar?). In their first year, despite losing money in the first half year, Chewy had a $26 million dollar revenue. It is widely known that Ryan Cohen follows a business model that priorities customer experience.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a)](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a)
+
+"If you take a carload of this, you'll make more money. But if you take a carload of that, you'll make less money, but you'll keep the customer. So take a carload of that." - Ryan's father
+
+With a heavy focus on customer service and user experience, by 2017, Chewy was offered a merger deal by both Petco and Petsmart, and was finally acquired by Petsmart for $3.35 billion dollars, which at the time was the [largest merger acquisition](https://www.vox.com/2017/12/6/16681040/ryan-cohen-chewy-recode-100) of an e-commerce business. How's it doing now? Thriving. Not only did Chewy survive against established industry players, Chewy now has a respectable portion of the pet industry market.
+
+**CHEWY:
+
+Current market cap: $32b @ $77/share
+
+[Pet Industry TAM](https://www.americanpetproducts.org/press_industrytrends.asp): $103b in 2020
+
+Market percentage: 30% of market
+
+[](https://preview.redd.it/chwh6fj5ln371.gif?format=mp4&s=0a40d29a4c361f5000a96369adc703cbcc70cf58)
+
+Gamestop's back alright!
+
+Where are we now?
+
+**GAMESTOP:
+
+Current market cap: $20b @ $280/share (at the time of writing this)
+
+Video Game TAM: $159b
+
+Market percentage: 12.5% of market
+
+**Previous Business Model (Pre-Cohen):
+
+Video Game Retailer: limited to games, relying on seasonal console releases to help boost general sales.
+
+As a result, while Amazon has been the most popular stop for digital/online video game purchases, Gamestop still remains the leader in hard copy video games and consoles.
+
+This business model "over-prioritizes its brick-and-mortar footprint, and stumbles around the online ecosystem." - a direct quote directly from Ryan Cohen.
+
+PLEASE TAKE SOME TIME TO READ RYAN COHEN'S LETTER TO THE GME Board on 11/16/2020. This man has been planning everything we've talked about all along.
+
+<https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf>
+
+**New Business Model (Since Ryan Cohen):
+
+*Retail Expansion:
+
+We are already seeing an influx of computer hardware, GPUs, TV's, Cameras, Audio, Clothing, and general expansion of consumer electronic products added to Gamestop's accessible inventory.
+
+Why is this important?
+
+GME is not only transitioning to remain a leader in the video game retail industry, but they are also expanding their market into the [computer hardware industry ($863 billion market)](https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report-2020-30-covid-19-impact-and-recovery) along with [general consumer electronics](https://www.statista.com/study/55488/consumer-electronics-market-report/) (~$1 trillion dollar market). We're not even talking about e-commerce yet either. This is simply general product/market expansion.
+
+Just think about this: The bear thesis of GME being undervalued implies that expanding to a $1.8 trillion market (while being debt-free by the way) will somehow decrease revenue.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084)](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084)
+
+So you're telling me expanding to a $1.9 trillion accessible market will decrease GME's value?
+
+[*New Microsoft Deal:](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/)
+
+"This partnership aims to advance Gamestop's key strategic pillars and extend its digital omni-channel ecosystem" - Microsoft
+
+In other words, Microsoft is jacked to the tits about Gamestop's move into digital sales. How jacked are they? This deal gives percentage royalty on all digital goods bought on xbox consoles that are sold at gamestop. This deal also notes that Microsoft is essentially decking out Gamestop retail locations with tech/hardware necessary to improve the workflow/life of the people actually working at Gamestop and therefore indirectly improving customer service.
+
+So on top of already leading video game retail revenue, and adding the expansion of accessible market revenue, GME will also pull revenue percentages from all digital sales on xbox consoles.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e)](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e)
+
+Yo we heard you liked revenue, so we added revenue on your revenue on top of your revenue!
+
+[*Service and Delivery:](https://www.gamestop.com/collection/same-day-delivery)
+
+Gamestop has already proven that it can out-price-match and out-deliver current "giant" Amazon. On top of brand new [major distribution warehouses](https://www.foxbusiness.com/retail/gamestop-opening-new-distribution-center-to-support-e-commerce-push), Gamestop has started utilizing their (already 4,816) locations as smaller distribution centers.
+
+By expanding their retail locations to act as mini-distribution centers, Gamestop has potential to deliver products within [2 hours or less](https://www.reddit.com/r/GME/comments/mgo5df/gamestop_2_hour_delivery/).
+
+[](https://preview.redd.it/vevbawfbln371.gif?format=mp4&s=f8ce3e9b0c6b57123a6d27923ef23b5df51bc83b)
+
+But wait, there's more!
+
+[*eSports/Gaming:](https://gspc.gg/)
+
+Gamestop has signed a [multi-year deal](https://esportsobserver.com/gamestop-jan2021-market-upset/) with multiple esports companies, such as Complexity Gaming, sharing a new 11,000 sqft Gamestop Performance Center with the Dallas Cowboys. This expansion into the eSports industry opens Gamestop's exposure to an additional [$1 billion market](https://www.statista.com/statistics/490522/global-esports-market-revenue/#:~:text=In%202021%2C%20the%20global%20eSports,billion%20U.S.%20dollars%20in%202024).
+
+Conclusion:
+
+Gamestop is primed to be transformed by Ryan Cohen, the same way he transformed Chewy. (PLEASE REFER TO HIS LETTER TO THE BOARD)
+
+While Chewy occupies about 30% of the pet industry, if we assume Gamestop can access 30% of it's new total accessible market (modest estimate of $1.8 trillion), that puts GME at $8,400 per share. If we assume only 10% of its new market, that still puts GME at $2,500 per share. THIS IS ALL STILL ASSUMING NO SQUEEZE!
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f)](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f)
+
+Don't just take it from me....
+
+(I hadn't even brought up their NFT-platform yet because the automod keeps deleting my post, but just know that this would further open GME's accessible market.)
+
+I cannot emphasize this enough, GME is currently debt free with over half a billion dollars in additional cash on hand to jumpstart Ryan Cohen's transformation. As of writing this, Ryan Cohen still is not "officially" chairman of the board yet (this will happen on 6/9). The proxy votes have not been released. There has been no official announcements from Ryan at all. The stock is still up $25 from last week's close. I'm so freaking jacked.

DD/2021-06-06-Synopsis-of-GMEs-One-Percent-Borrow-Rate.md

@@ -0,0 +1,116 @@
+Never a Borrower Be: A synopsis of GME's 1% Borrow Rate
+=======================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntpkuy/never_a_borrower_be_a_synopsis_of_gmes_1_borrow/) | 
+
+---
+
+[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 just wanted to do another compilation this weekend. Re-iterating some old DD I have written as it starts to become applicable to the current situation.
+
+Jefferies and BOA coming out this week and declaring no more short positions would be allowed to be taken, added some weight to a thesis I had come up with a few weeks ago. I was getting frequently asked on reddit and YouTube. Why is GME's borrow rate so low. Well I came up with a logical answer and now as I feel that theory is becoming more likely I wanted to re-iterate it hopefully to a broader audience as I feel that this is something we should all understand.
+
+So here it is...
+
+Why so short? or Lender's Fuk Hedges?
+
+This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. (no more so than when I originally wrote this)
+
+Why keep making or buying these synthetic shares?
+
+If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?...
+
+Incentive.
+
+I was looking through the Dave Lauer AMA and he kept mentioning rebates, not related, but it triggered this thought. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up.
+
+Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee
+
+*value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*
+
+In addition you must post collateral of:
+
+*value of securities borrowed X the agreed margin = stock loan collateral*
+
+This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral.
+
+Now here is what intrigued me.
+
+Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties.
+
+So how does all this tie into GME?
+
+The first thing that got me looking into this was a question I get five times a day on my stream, at least.
+
+"Why is the borrow rate on GME so low?"
+
+GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME.
+
+This led me to the thought
+
+"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"
+
+It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this.
+
+[![r/Superstonk - Never a Borrower Be: A synopsis of GME's 1% Borrow Rate](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75)](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75)
+
+Incentivized borrowing agreement
+
+So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral.
+
+The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock.
+
+Sounds like the deal of a lifetime. So, what's in it for the lender?
+
+Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral.
+
+Why would I only want some of their collateral when I found a way to have it all.
+
+Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out.
+
+Conclusion
+
+So I am gonna attempt to tie all this together.
+
+My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely.
+
+What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out.
+
+The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default.
+
+The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets. (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop)
+
+The only missing piece of this,
+
+Do lenders pay taxes on seized collateral from a defaulted loan?
+
+I'm currently unsure it looks like they do, but I am not experienced with tax law I have no idea the value of unrecovered synthetic shares that could be claimed as a loss.
+
+Normally I don't post my video's directly on here but this topic came up on my livestream on Friday and I covered some Q&A on it. I do not have time to transcribe it as this is the first of two DD's I will be writing today.
+
+Video Q&A
+
+Additionally for anybody with reading comprehension issues I hope this helps in understanding this complex topic.
+
+**This video is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.*
+
+[Video Q&A](https://youtu.be/EIs5Ay6OEYk)
+
+As always thank you all, my weekly technical analysis DD will coming out later tonight I will link it here when it is up
+
+❤️🦍
+
+- Gherkinit
+
+Edit 1: [Weekly TA DD up for 6/7](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
+
+Edit 2: I believe the order of liability to cover FTDs goes like this
+
+[![r/Superstonk - Never a Borrower Be: A synopsis of GME's 1% Borrow Rate](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448)](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448)
+
+FTD clearing chain in the event of liquidation

DD/2021-06-07-Hanks-Big-Bang-Quant-Apes-Glitch-the-Simulation.md

@@ -0,0 +1,226 @@
+Hank's Big Bang: Quant Apes Glitch the Simulation
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) | 
+
+---
+
+[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 **********
+
+Edit: Credit for the correlation tables to [u/phalanxhydra](https://www.reddit.com/u/phalanxhydra/)
+
+Edit 2: I am retarded. It's [u/Ivorypetal](https://www.reddit.com/u/Ivorypetal/).
+
+Introduction
+
+Apes, because of the sheer amount of information in this post and because I wanted to get it to you at the beginning of this week because of earnings and the meeting, this post will not have the usual funny intro and memes.
+
+Usually, my DDs are done completely by me with maybe some inspiration from a few apes or a section/link from an ape or two. This one is not that. This DD is an orgy. Apes, I have gathered an army. A fucking army of quant apes. They have been gracious enough to team up and answer the questions that I posed in my previous post and..... I am astonished at what they did. Seriously, I didn't expect this in my wildest dreams. Quant apes, I am eternally grateful for what you've done and I know that this sub is too. Again, this just shows how many extremely smart apes we have in this fight. This is going to be by far my most data-driven DD of all time.
+
+Many of you have probably seen the spoilers that I gave in my request for data that this DD would be about using correlations, models, and data to get to an extremely high level of certainty that shorts have indeed not covered by analyzing GME as compared to the other meme stocks and some other indicators as well. This was inspired by the pretty obvious fact that they all have traded in very similar patterns since around December. I also noticed that they all seemed to have some sort of FTD cycle component to them as well. I really drew the line when all of these stocks started this upward momentum in the past week - it was just too much of a coincidence for there not to be a relationship. A short squeeze is rare. Stocks following the same trading pattern is weird. A stock squeezing two times in less than a year is weird. A stock trading at over 4x it's book value consistently for months is weird. But 6 stocks doing all of those things simultaneously is..... ASININE. Some might call it improbable, but I think we all know what it is. This DD will use data, a shit ton of it, to give us the closest proof next to actually seeing HFs positions that they have indeed not covered..... ENJOY
+
+Roadmap
+
+In this DD, I will discuss why the meme stock craze is not a just a bunch of retail traders pumping up stocks. Instead, it is the product of the greatest shorting fail in the market of all time that was made possible by easy money policies and apes' uncanny ability to buy and hold. Next, I will discuss the statistical significance and origin of the FTD cycle. Finally, I will give you a random dump of DD at the end of my thoughts.
+
+Part 1: A data driven approach to the meme stock craze
+
+A visualization of what you already knew
+
+As many of you know from some of my previous posts, my thesis is that the "meme stocks" are all related. This was based on observations that the charts looked similar from December to now in terms of price action and volume. The quant apes did an excellent job of visualizing this. Below is a visualization of the meme stocks compared to cryptos and boomer stocks for reference. The parameters are volatility and volume.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/sfs0rlgprt371.png?width=1626&format=png&auto=webp&s=f28599498018462de65d04a0663206ff4d64a623)](https://preview.redd.it/sfs0rlgprt371.png?width=1626&format=png&auto=webp&s=f28599498018462de65d04a0663206ff4d64a623)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/ckanpxbqrt371.png?width=1652&format=png&auto=webp&s=553e7ceae6eddd1a387febf88e0e1a3ffe03e117)](https://preview.redd.it/ckanpxbqrt371.png?width=1652&format=png&auto=webp&s=553e7ceae6eddd1a387febf88e0e1a3ffe03e117)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/6wb6ze0rrt371.png?width=1624&format=png&auto=webp&s=46a16bda7b06735d23ed2b6cb9def15472d53703)](https://preview.redd.it/6wb6ze0rrt371.png?width=1624&format=png&auto=webp&s=46a16bda7b06735d23ed2b6cb9def15472d53703)
+
+(Credit for above three charts to u/Ivorypetal)
+
+A visualization of what you already assumed
+
+This is a visualization of what we already know but haven't been able prove: the stocks are related. Looks like there's a relation, right? How can we be sure? If you took a college or high school statistics course, you probably know that there are certain tests you can run to determine if inputs are correlated, the degree of the correlation, the certainty, and the statistical significance. Below, the quant apes used a statistical test (I won't explain it because if you aren't familiar with statistics it'll take too long to explain, but this is not a guess, it uses an equation to determine the level of correlation, so it is extremely accurate) to determine the correlation of GME to other meme stocks and the VIX. I put GME in red because it's all we care about right now. The top is a comparison of these stocks entire data (i.e. all time), while the bottom compares them in the last year:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/92ks0y4trt371.png?width=860&format=png&auto=webp&s=03932694664e27f9dbfde8042d03f3be181a2559)](https://preview.redd.it/92ks0y4trt371.png?width=860&format=png&auto=webp&s=03932694664e27f9dbfde8042d03f3be181a2559)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/hbahq3rtrt371.png?width=862&format=png&auto=webp&s=328a0b47ad63faae068e12c847dacdc1df2ef9bb)](https://preview.redd.it/hbahq3rtrt371.png?width=862&format=png&auto=webp&s=328a0b47ad63faae068e12c847dacdc1df2ef9bb)
+
+(Credit to u/phalanxhydra)
+
+As you can see, the difference between all time and the last year is striking. The above decimals are called correlation coefficients. They go up to 1 (which means they are identically correlated). Anything above 0.7 is considered a strong correlation. As you can see all of them except for NAKD and NOK have a strong correlation to GME. What really struck me was the VIX. Because the market usually goes down when the VIX goes up, the fact that GME and the VIX have such a strong correlation in the past year is extremely important for our thesis that HFs are actively acting against it.
+
+OTC Data
+
+The chart below takes the OTC data from FINRA and plots it for each of the meme stocks. Notice how they all seem to follow a pattern of spiking every few weeks (FTD cycle) except for the blue one. The blue one is not a meme stock, it's Apple. I used Apple as a reference security so you can contrast how weird this is. Sadly, we don't have FINRA data before 2019, so it's difficult to analyze this in terms of when it started, but you can definitely see a related pattern of abnormality:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/psbp9arwrt371.png?width=2766&format=png&auto=webp&s=1286b2fb12123ba6bf01eaf408917a7f47915530)](https://preview.redd.it/psbp9arwrt371.png?width=2766&format=png&auto=webp&s=1286b2fb12123ba6bf01eaf408917a7f47915530)
+
+(Credit to all of the quant apes who made this customizable program that allowed me to do this)
+
+How common are squeezes?
+
+Squeezes are rare. Extremely rare. Whether you think the January price run up was a short squeeze, a gamma squeeze, or just a big price increase does not matter because, in asking the quant apes to find the exact number of short squeezes that have occurred in the stock market, I gave them VERY broad parameters. The parameters I gave them were: any stock that has doubled in price within a week. Because of this, this is undoubtedly a gross overestimate of the number of short squeezes in the history of the market (i.e. some little known penny stock getting FDA approval and going 4x overnight). The numbers that they found show us just how rare a short squeeze is, and remember, even this is an overestimate, so they're probably even rarer. The quant apes used the major exchanges NYSE, NASDAQ, and AMEX. Here are the results:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/o1rcuupyrt371.png?width=2032&format=png&auto=webp&s=a16b8200dde9417a18b25c4eed0e353557879555)](https://preview.redd.it/o1rcuupyrt371.png?width=2032&format=png&auto=webp&s=a16b8200dde9417a18b25c4eed0e353557879555)
+
+(Credit to u/jyzaya)
+
+If you can't understand that data, here's the point: they are rare, even with parameters that purposefully overestimate it. They are so rare that you could call them an anomaly because that's what they are. Remember that's a purposeful overestimate that allows small stocks getting good news, IPOs, etc. to be considered. So yes, short squeezes are rare. Multiple squeezes following the same pattern and all squeezing at the exact same time? Some might call it improbable, but we all know what we call it.
+
+My take
+
+So, you've seen the data. These stocks are correlated. Does a correlation mean that there is some orchestration going on or that something is forcing them to move in concert? No. It means that they typically move in the same direction, reason unknown. A statistical test can't tell us the reason for the correlation, it can just tell us the correlation. I think I know the reason.
+
+What I think many people, especially the media, take for granted is just how weird January was. As you now know from above, short squeezes are rare. Stocks correlating is weird. Stocks correlating for months is weird. Stocks squeezing at the same time is weird. Stocks doing all of those things at the same time is unheard of. The weird thing about January is that brokers, all of them, simultaneously restricted the buying of all of these stocks. Because liquidity works both ways (buy and sell), if they really had liquidity issues, they would've stopped buying and selling. Also, does it make any sense that every single broker would have liquidity issues at the exact same time during the times of the lowest interest rates ever and an easing of banking restrictions? No. None of that makes sense. My thesis is that all of these stocks are related and the data backs that up. I believe that the brokerages saw that these stocks posed a SYSTEMIC risk because of how exposed major market makers and HFs were on the short side. Why else would they all simultaneously ban only buying?
+
+To add even further to that, many brokerages have banned the shorting of these stocks (months after the squeeze). Even more is all of the shill activity of people messaging us saying "I'll pay you to write something bad about GME." Moreover, the brokerages must have seen that retail, and now the rest of the market, was piling on buying orders and that eventually, some of the most important institutions could go bankrupt and cause an economic crisis. So what did they do? They restricted all buying. Even if every single ape hodled, the price would still be able to go down significantly due to shorting and institutional selling. So yes, they forced it to go down. Now, what was that systemic risk I was talking about? What exactly did the HFs do? As most of you know, I was one of the apes that started the talk of FTD cycles and found many of the rules behind it. The FTD cycle has been the only thing that we've been able to consistently predict (well that and the media being retarded but I digress). IMO, the FTD cycle is our clue into what the HFs did to cause a systemic problem. The FTD cycle has been increasing exponentially, which leads me to believe that the systemic risk has only gotten worse, and I think I've discovered it's origins...
+
+PART 2: The statistical significance and origins of the FTD cycle
+
+Now that I've left you with that cliff hanger and probably a half chub, it's time to take an extremely in-depth dive into the FTD cycle. First, I will be demonstrating the statistical significance of the FTD cycle, so that we know it's not just a fluke. Next, I will discuss the origins of the FTD cycle. Finally, I will discuss what I think it all means.
+
+First, let's start with a brief summary and update on the FTD cycle. The FTD cycle is the idea that because of SEC regulations requiring market makers to cover FTDs within 35 calendar days, there is a predictable increase in price and volume every 21ish trading days or 35 calendar days. So far, it has continued to repeat itself. The idea is that shorts are in so deep that they are doing the bare minimum to cover and continue to dig themselves in a deeper hole by kicking the can down the road. It is currently increasing exponentially, which indicates that it is getting more and more expensive for shorts to stay in the game.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/pgikvf01st371.png?width=1412&format=png&auto=webp&s=8eecc3c7176aa22a77b37c302a9d57bc197f7477)](https://preview.redd.it/pgikvf01st371.png?width=1412&format=png&auto=webp&s=8eecc3c7176aa22a77b37c302a9d57bc197f7477)
+
+Orange line represents FTD cycle increases each month. Yellow lines are FTD cycles. Disregard the red lines, those were my trend lines before we broke out
+
+SI by the charts
+
+Below is a chart that the quant apes gathered from Ortex showing the SI of the meme stocks over time. Many of you will say that this is inaccurate because the real SI is hidden. While we have many instances of that being true, this is the best concrete data that we can gather (much better than Fintel and FINRA), so it's what we must use to avoid speculation. So, yes these numbers are probably an understatement but that's a good thing because we do not want to speculate. If we can find significant results on incomplete data, our thesis is strengthened:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/88i9r528st371.png?width=1750&format=png&auto=webp&s=89c540227a2e8d7f969d110a7d0ef60042ec423b)](https://preview.redd.it/88i9r528st371.png?width=1750&format=png&auto=webp&s=89c540227a2e8d7f969d110a7d0ef60042ec423b)
+
+(Credit to u/orangecatmasterrace)
+
+I noticed some very interesting things from this chart. First, I noticed that the SI of most of the meme stocks markedly increased in mid 2019. GME had an exceptional increase (I think because of their issuance of bonds, shorts saw that as a debt death sentence). There was also a slight, but noticeable, rise in SI of most of these in mid 2016 as well. Hmmmmmm. My original thesis was that they were all heavily shorted after the covid crash because HFs predicted a bad economy and the destruction of brick and mortars, so they used the low interest rate and low liquidity environment to their advantage. That is still probably true as I bet they did it with naked shorts, but this chart made me think even more. What happened before Covid that could've led to these SI increases.
+
+Friend of the shorts: The US economy
+
+The first thing I did was get a chart of short volume data in the stock market over time to get the big picture:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/lhxdy8t9st371.png?width=1374&format=png&auto=webp&s=f8f711ef8dab8cc36f77ee6d55fc852ed693393b)](https://preview.redd.it/lhxdy8t9st371.png?width=1374&format=png&auto=webp&s=f8f711ef8dab8cc36f77ee6d55fc852ed693393b)
+
+As you can see SI has increased markedly in 2015 and 2019. So that got me thinking, there must be some kind of law, some correlation with FED policy, or some kind of macroeconomic happening that led to this. So next, I looked at the interest rates for interbank lending:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/z3677egbst371.png?width=1234&format=png&auto=webp&s=ac740b8236851f40bb01e0eb7fce99a80b550396)](https://preview.redd.it/z3677egbst371.png?width=1234&format=png&auto=webp&s=ac740b8236851f40bb01e0eb7fce99a80b550396)
+
+This is not mortgage interest rate, this is federal funds interest rate, which is essentially the interbank interest rate for excess lending. As you can see it's been insanely low since the 1990's, but particularly low as of recently. Next, I looked at the balance sheet of the FED. This essentially shows the Fed's buying of assets over time.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/rd1ye3ddst371.png?width=1630&format=png&auto=webp&s=f284394415c8cd127d750bbcd45f55ef676d0fd0)](https://preview.redd.it/rd1ye3ddst371.png?width=1630&format=png&auto=webp&s=f284394415c8cd127d750bbcd45f55ef676d0fd0)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/ygpfqudest371.png?width=1554&format=png&auto=webp&s=5cf6fa82247426f7a83db8d202be1f85b3c5f8be)](https://preview.redd.it/ygpfqudest371.png?width=1554&format=png&auto=webp&s=5cf6fa82247426f7a83db8d202be1f85b3c5f8be)
+
+The above graph is especially striking. It shows the FED's balance sheet is increasing proportionately with the SP500. The FED's Quantitative easing policies have been extremely aggressive since 2008. QE is where the FED purposefully stimulates the economy by buying assets like bonds. This was necessary after 2008 and the FED kept it going for a while then started tightening (QT). However, and this chart doesn't show it, the FED had to parabolically increase its QE policies duirng covid. You know what else parabolically increased? Yep, the stock market.
+
+The statistical significance of the FTD cycle
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/79rg4j9gst371.png?width=1284&format=png&auto=webp&s=33e2deedfeb5f2caa5c1914e8caa828071214862)](https://preview.redd.it/79rg4j9gst371.png?width=1284&format=png&auto=webp&s=33e2deedfeb5f2caa5c1914e8caa828071214862)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/3qzw1f0hst371.png?width=1274&format=png&auto=webp&s=5b591b0a0bfe04debd67f0561a971ac797651e78)](https://preview.redd.it/3qzw1f0hst371.png?width=1274&format=png&auto=webp&s=5b591b0a0bfe04debd67f0561a971ac797651e78)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/y9iekcuist371.png?width=1284&format=png&auto=webp&s=39b9bc492e20a346bdeef2ab210cdf6d9196303a)](https://preview.redd.it/y9iekcuist371.png?width=1284&format=png&auto=webp&s=39b9bc492e20a346bdeef2ab210cdf6d9196303a)
+
+(User wished to remain anonymous for this)
+
+The above charts show GME's FTD cycle increases after a certain number of days. I put TSLA and MSFT in there so that you could see how abnormal GME is. Even compared to a volatile stock like TSLA, GME has a way more recognizable pattern, which gives us further statistical evidence of the FTD cycle. Also, note that there were many other users in different posts on this sub who found the FTD cycle statistically significant, this is another view to add to the body of work. Below shows the short interest of the meme stocks in relation to each other, so you can see when they started and how they've increased together:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/765vp0kqst371.png?width=510&format=png&auto=webp&s=03d70c989c96d63c0d3321acdd8e081b9ed903c8)](https://preview.redd.it/765vp0kqst371.png?width=510&format=png&auto=webp&s=03d70c989c96d63c0d3321acdd8e081b9ed903c8)
+
+(credit to u/orangecatmasterrace)
+
+Keep the above chart in mind while reading below.
+
+The takeaway:
+
+We are in an EXTREMELY easy lending environment. Rates are dirt cheap. The FED is buying up assets, which is pushing up the prices of literally all assets. The market is flush with liquid assets, so much so that the FED was trying to slow it down. This makes the perfect storm for a short-friendly environment. We were also in the longest and biggest bull market run of all time in 2010's, so it would make sense for it to come to an end soon - that's where shorts really make a killing.
+
+What I think happened is that we saw the longest bull market of all time in the 2010 decade. HFs realized that this bull market was propped up on the FED's massive balance sheet and that there would need to be more economic tightening soon and/or a correction. Anticipating an end to the bull market, they initiated a giant short campaign in 2019 with the aforementioned meme stocks and probably tons of others (the meme stocks are just the ones that retail investors took interest in). Once Covid hit, their campaign was successful, but they wanted more. They wanted to hit the bankruptcy jackpot, so they turned it up with the naked shorts, which is why the data doesn't show that, in an attempt to put brick and mortars out of business.
+
+Instead, the FED accelerated its easy money policies and the economy had one of the quickest recoveries of all time. This is why I think we started seeing the FTD cycle in late 2020 - it was a result of their failed mega short during covid. This alone would've made them lose money but they've run into roadblocks like this before so it's not what caused the squeeze and mania. What caused that was the fact that apes literally buy and hold but never sell. This essentially created a giant wall that wouldn't allow the HFs to short down out of their positions and got them into this mess. Then some retail investors caught wind of it and bought into some of their most shorted stocks, which is why we saw what happened in January. They are still in that hole because the brokers' pausing of buying didn't solve the problem, it just delayed it. That's why we see the FTD cycle exponentially increasing. This economic environment has been brewing for this for a long time, and it would have continued if not for reddit (mainly DFV). I mean how crazy is it that GME's SI was over 100% for so long and no one noticed?
+
+I am convinced that this would not have been able to continue to happen if apes didn't hold. That's why this was all able to happen. It's because there has never been a phenomena in the market where a significant portion of investors in a stock will hold it no matter what the market conditions are. So when shorts started aggressively shorting and things turned south because of the FED's recovery policies, retail's refusal to sell just added insult to injury and is why we are in this position now.
+
+(Please note that the above data I only actually displayed a fraction of the quant apes' data. They gave me an amazing amount. I used some of it to inform my/guide myself and displayed charts that went well with my DD, so believe their work is even more in-depth than this post portrays)
+
+Part 3: DD Drop
+
+Alright apes, the above was a mouthful, but wow aren't our quant apes amazing! Now that you've read all of that, I am going to do another one of my DD drops on some random theories, updates, etc.
+
+Everyone remember what happened with Archegos? That was a real funny one wasn't it? Bill Hwang plead guilty to insider trading, so he had to operate a family office. The man lost $20 billion in the span of 2 days, now that's a level of yolo retardation we should all strive for. One of the companies that Hwang invested in was Discovery, here's it's chart:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/4qnz2xesst371.png?width=2206&format=png&auto=webp&s=f4c7320665b27f95a8b9ffe05328d7e93bb26b3a)](https://preview.redd.it/4qnz2xesst371.png?width=2206&format=png&auto=webp&s=f4c7320665b27f95a8b9ffe05328d7e93bb26b3a)
+
+See that purple line? I bet you probably think that's VWAP or a SMA line, right? NOPE. That's VIAC (Viacom CBS), one of the other companies he bet big on. Hwang used an instrument called total return swaps, which basically allow you to "swap" the delta of one baseline security for another. Here's an example: a total return swap of Apple and SPY. You get the returns of APPL. If AAPL outperforms SPY, you make money, but if not, you owe them money. That was all a huge oversimplification but essentially, it allows you to have exposure to a company without owning it (derivative). That above chart was just a 1 year chart, but essentially, Hwang applied so much leverage to these companies through these swaps that they were trading at double their fair market price.
+
+This hypothesis is backed by no data whatsoever and is really just a thought experiment. Based on the fact that meme stocks correlate (as shown above), what if HFs are using some type of swap on them? It would make sense given the extremely low interest rates. It would make even more sense given the negative beta of GME (i.e. SPY would be the reference security). Perhaps they use total return swaps or another instrument to cover or to add more pressure? Idk. Just a thought.
+
+Another hypothesis: could this all be the work of an algo? I mean, there's no more observing the similarities, we now know they are statistically significant and related. IMO, it's impossible for human traders to create this pattern -- it's just too precise and based on too much volume, so the options are either they shorted all of these at the exact same time and are being forced to cover at the exact same time (FTD cycle), an algo is doing that for them, or some algo is orchestrating all of this. I find that unlikely because of the difficulty and obvious market manipulation charge they'd get but we have to consider it! Again, just another thought, not much else to it.
+
+The Midday Spikes: An Answer
+
+Apes, we might have an answer to the midday volume spike phenomena. If you don't know what I'm talking about, see my other post. My hypothesis was that these midday spikes were HFs covering to satisfy some kind of requirement or to avoid some kind of FTD cycle. I had no evidence for the cause, I just had tons of observations for the occurrence. Let tell you though, if there's one thing I know, it's that it's not retail. Whatever is behind the midday spikes is a single entity. It is impossible for a bunch of unorganized people to consistently buy a stock in the same minute interval in mass. That is a single entity doing that and I think whoever it is is our enemy. A beautiful ape by the name of [u/KFC_just](https://www.reddit.com/u/KFC_just/) turned me on to the idea that it may be to comply with net negative rules. I scoured the interwebs and found this on NASDAQ:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/qvze3s1vst371.png?width=1954&format=png&auto=webp&s=296a2ead951725c90722f157d402a86b34854748)](https://preview.redd.it/qvze3s1vst371.png?width=1954&format=png&auto=webp&s=296a2ead951725c90722f157d402a86b34854748)
+
+Notice that it also talks about clearing corporation requirements, which adds another elements into the mix. Though I can't find any information about exact requirements in terms of liquidity/numbers, I think that this is pretty definitive proof of the reasons for the midday spikes. Essentially, it seems as though these midday spikes are some fund covering in order to "maintain net capital sufficient to comply with the requirements of the Clearing Corporation." Also, the final sentence explains why they need to cover (i.e. to remain positive).
+
+Earnings and 6/9
+
+A lot of you are probably extremely excited for earnings and the annual meeting on 6/9. I am too. However, I wanted to make this to tell you to not get your hopes up too much and to not be surprised if it doesn't go our way. What I will say is, I am confident that we will see a dildo candle one way or another. For earnings, remember that last quarter the earnings were not even bad and the stock had a GIANT red dildo candle. Unless earnings are absolutely spectacular, I could see HFs using it as a way to put negative momentum on the stock (remember, it's all about the narrative). Now, earnings could be spectacular. GME has gotten so much more attention this past quarter and I know that apes have been feverishly shopping there, so we do have hope.
+
+As far as the annual meeting I have absolutely no clue what to expect. However, like earnings, I expect another dildo one way or another. If you remember last earnings, we all thought that the guidance/conference call is what would put us over the edge. Instead, it was barebones minimum, and we succumbed to the HFs earnings downward momentum. I expect this to be different. An annual meeting is different from an earnings call and definitely warrants more speaking, more guidance, and more detail. If GME was going to announce some blockbuster move, it would be during this because, assuming they know about the massive short interest, that gives them plausible deniability against market manipulation charges. Some important topics we could hear about are: Ryan Cohen speaking in general, a new CEO, crypto/NFT, acquisitions, digital transformation / direction, and, most importantly, the voting results. Is there a guarantee that these things will be discussed? No. Do I expect many of them to be discussed? Yes. Similar to earnings, we could get great news and see a giant red dildo candle. Remember, expect anything. If we get more shorting on positive news, it just keeps proving we are right.
+
+As for my thoughts on when we moon, I personally don't think we'll moon here almost no matter what. I think that it will be overall good and that we will see a very significant jump, but instead of that being the MOASS, I think it will be what starts the MOASS. The only thing we've been able to predict has been FTD cycles so far. The MOASS will come when a HF gets margin called and we just can't predict the exact time for that. So, I believe that if we see a big jump next week, the MOASS should be coming in the near future but will nevertheless be unpredictable.
+
+Clarification of my statements about retail buying
+
+In one of my past posts, I said something along the lines of "retail is tapped out." Thankfully, another user made a post disagreeing with that and it got tons of replies of apes saying things like "I have tripled my position in the past month." If you haven't seen that post, I'd look at it, the responses are amazing. With that in mind, I wanted to clarify what I said about that. What I meant in that post is that retail is not responsible for the mass, synchronized buying that we've seen in the past week or so, I think that is HFs being forced to cover. Retail, instead, has been holding like champs and steadily buying. IMO it's pretty hard to believe that retail just randomly decided to buy every stock that squeezed in January at the same time. Instead, I think it's something much bigger but apes' ability to hold is why it's able to happen. However, I do think that once we start squeezing again, it will bring in a new wave of retail that formerly wasn't in just like January, so we still do have gas in the tank (or ions in the battery if you drive electric).
+
+Big Thanks to the Quant Apes
+
+I can't tell you how seriously amazing the quant apes are. They deserve all of the credit in the entire world and they are one of the most valuable parts of this sub.
+
+Here is a list of some of the quants who helped with this post (this is not exhaustive as some wanted to remain anonymous)
+
+[u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/)
+
+[u/spambot9k](https://www.reddit.com/u/spambot9k/)
+
+[u/rubberbootsinmotion](https://www.reddit.com/u/rubberbootsinmotion/)
+
+[u/Ivorypetal](https://www.reddit.com/u/Ivorypetal/)
+
+[u/creativelord](https://www.reddit.com/u/creativelord/)
+
+[u/collegeneral](https://www.reddit.com/u/collegeneral/)
+
+[u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)
+
+[u/jyzaya](https://www.reddit.com/u/jyzaya/)
+
+[u/epk-lys](https://www.reddit.com/u/epk-lys/)
+
+[u/head4headsup](https://www.reddit.com/u/head4headsup/)
+
+[u/squirrel_of_fortune](https://www.reddit.com/u/squirrel_of_fortune/) (he made a great DD as well and I would encourage you to check that out to see another perspective with a very interesting, advanced method)
+
+[u/sudoshu](https://www.reddit.com/u/sudoshu/) (Special thanks to him as he was the organizer of the group. If you are a quant ape, he said to message him if you are interested in being in the group, but serious inquiries only).
+
+Mods: many of these users do not have the karma requirements to comment on posts. If you could somehow waive that requirement for the listed users, I think it would really benefit the sub because the amount of knowledge that these apes possess is amazing. They put so much time into this and gathered so much data (I literally couldn't even show close to all of it) and I believe that they will be integral to the continued success of this sub.
+
+Finally, the quant apes have created a website: <https://www.superstonkquant.org/>
+
+They are still currently working on the mechanics of it but I encourage you to monitor it in the future because I have witnessed first hand what they are capable of and it is nothing short of amazing.
+
+Conclusion
+
+Alright apes, that was very long but I appreciate you for reading. This sub keeps doing a great job of pumping out DD and I think we will be rewarded for it in the very near future. I am going to take a break from making DDs because it is really time consuming and can be extremely tiring, but I will still be looking at this sub, commenting, and possibly making short posts. As always,
+
+*Stay strong, apes.*
+
+********** I am not a financial advisor, this is not financial advice **********

DD/2021-06-07-How-to-Fill-out-a-FOIA-Request.md

@@ -0,0 +1,169 @@
+SR-DTC-2021-005 FOIA's & Option Flow Analysis
+
+=============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Leenixus](https://www.reddit.com/user/Leenixus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu8uex/srdtc2021005_foias_option_flow_analysis/) | 
+
+---
+
+[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)
+
+Hi all,
+
+Before starting with this informative data DD or whatever you want to call it, i'd like to bring to your attention the subject matter of the missing ruling/filing in regards to SR-DTC-2021-005.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/3uni4sgq6t371.jpg?width=500&format=pjpg&auto=webp&s=2dec37fcb6695f8d303b02eb942d3d079b6e25ff)](https://preview.redd.it/3uni4sgq6t371.jpg?width=500&format=pjpg&auto=webp&s=2dec37fcb6695f8d303b02eb942d3d079b6e25ff)
+
+This ruling was filed by the SEC with the DTC and it was going to fix share rehypothecation, but someone removed it completely from the DTC website with no prior or post notice.
+
+Me and other apes have contacted the SEC and have requested information asking what happened to this document/ruling/filing and have used the FOIA / Freedom of information act to get this information.
+
+Since it's been 1-2 months of no communications in regards to the removal of this critical ruling, i believe it's extremely appropriate for anyone interested to ask the SEC about information in regards to SR-DTC-2021-005. It's your right and anyone telling you otherwise in my opinion is misinformed or has an agenda. You're not going to cause "Delays" as some people would like you to think by submitting these types of requests, the SEC has a department and people at hand specifically for processing FOIA requests.
+
+Besides, even if somehow you were creating "delays"... create delays in WHAT? The document has been removed and doesn't exist. By remaining silent and not exercising your right for information on this subject that directly affects you, you're indirectly contributing to the issue. If someone's truly removed SR-DTC-2021-005 maliciously, your silence is exactly what is needed for SR-DTC-2021-005 to never be seen again.
+
+So again, please don't mindlessly parrot things like:
+
+-   "You'll cause delays"
+
+-   "Don't spam the SEC with FOIA requests"
+
+-   "It doesn't matter"
+
+SR-DTC-2021-005 is GONE. It affects YOU and ME. Stay silent if you will. There are those of "us" who prefer action over inaction.
+
+Me
+
+I've already filed my own FOIA request about a week ago with some replies so far. My intentions are to light a fire under whoever's ass it was that removed the SR-DTC-2021-005 document without following appropriate procedures (no notice of removal before or after).
+
+My hope is that by filing a FOIA with the SEC in regards to the SR-DTC-2021-005, the SEC people will have a small investigation and check up with the person who signed SR-DTC-2021-005 and the person who filed and authored it.
+
+Once questions are asked in regards to this SR-DTC-2021-005 and it's whereabouts with the SEC and DTCC, the internal paper trails should show where SR-DTC-2021-005 is, what happened to it, and who's responsible for it in general.
+
+In the end, i filed a FOIA appeal form and personally requested to pay up to $1500 so that they'd spend more than 2hours of work checking this subject. I didn't have to. I offered because i think SR-DTC-2021-005 is important and i also want to light a fire under the ass of whoever intentionally or unintentionally removed it and i'm willing to pay to see that happen. Also i hold tons of GME, i'm not gonna have some guy at the DTC arbitrarily remove critical documents like this that affect me and you.
+
+You
+
+I don't know what your intentions are with SR-DTC-2021-005 and honestly they don't concern me and neither should they concern my in any way. You're an ape, i'm an ape. There is no "we".
+
+I'm only pointing you to publicly available information. The Freedom of Information Act is literally your right. I would be skeptical of someone's intentions if someone told me not to submit a FOIA...
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/kxbeu37wat371.jpg?width=500&format=pjpg&auto=webp&s=f61a979709f7903d88cc5a3edcf1c11e4207b1d9)](https://preview.redd.it/kxbeu37wat371.jpg?width=500&format=pjpg&auto=webp&s=f61a979709f7903d88cc5a3edcf1c11e4207b1d9)
+
+BE POLITE. BE RESPECTFUL.
+
+If you're going to fill in a FOIA request, don't be vulgar. Don't be just polite, be MORE than polite. There are people on the other side of the conversation.
+
+-   You shitting on them in a FOIA request makes apes/retail look bad.
+
+-   You shitting on them will get your FOIA rejected.
+
+-   You being SNARKY in your FOIA request is likely not to get you the information you want.
+
+BE POLITE. BE RESPECTFUL. If you can't write a FOIA to the SEC without your blood boiling and letting your emotions overwhelm you, you have no business writing a FOIA request to the SEC.
+
+Really, even if you are an ape, you can't just shit where you want to eat. Be polite.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/efg4d6g9bt371.jpg?width=720&format=pjpg&auto=webp&s=0e7a7b36d6be14be6c237177f84ee11d8b03e608)](https://preview.redd.it/efg4d6g9bt371.jpg?width=720&format=pjpg&auto=webp&s=0e7a7b36d6be14be6c237177f84ee11d8b03e608)
+
+Submitting a FOIA request
+
+Now, IF you TRULY want to be constructive and TRULY want to exercise your right in accordance to the FOIA / Freedom of information act, you can simply fill in the form below and submit it. That's it.
+
+This is the form: <https://www.sec.gov/forms/request_public_docs#no-back>
+
+ANYONE CAN SEND A FOIA. Call me Mr Worldwide because i'm from the EU and i've submitted a FOIA. If i can do it, you can do it.
+
+It's NOT ROCKET SCIENCE.
+
+Extra information about FOIAs
+
+If the SEC finds your FOIA request to be reasonable and does decide to service it, they'll likely assign 2 hours of free research to you as well as 100 pages max worth of print out material on the subject you requested.
+
+*Mind you that they reserve the right to request $61 dollars up to $250 to process your FOIA request.*
+
+You can offer to sponsor/pay any amount you like. If accepted, this will increase the research duration period & amount of print outs they'll make for the subject you requested.
+
+List of costs: <https://www.sec.gov/Article/foia-reference-guide.htm>
+
+Free to paid cost tiers: <https://www.sec.gov/foia/howfo2.htm>
+
+Special fields and how to fill them
+
+There's a few fields in the electronic form that you may not be aware on how to fill. Here's a quick and easy guide/way on how to fill them.
+
+Also here's the missing SR-DTC-2021-005 PDF
+
+-   <https://www.file.io/download/thMvWcJ8wirp>
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/teisku3vct371.png?width=1226&format=png&auto=webp&s=a08aa49cbc3bc39706f83f5604795e0c2fe88630)](https://preview.redd.it/teisku3vct371.png?width=1226&format=png&auto=webp&s=a08aa49cbc3bc39706f83f5604795e0c2fe88630)
+
+Fee authorization
+
+The FOIA is likely to be free, however you'll need to show your willingness to pay at least a certain amount for processing fees. If you're not willing to pay anything, click on "Other Amount" and put 0.
+
+I initially put $100 dollars in the field, they e-mails me back and said they'll do 2 hours of research for free and 100 pages of print outs. This is the free tier that is reserved for non-organizations e.g retail like you and me.
+
+*Mind you that they reserve the right to request $61 dollars up to $250 to process your FOIA request.*
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/xo980wc9dt371.png?width=1204&format=png&auto=webp&s=5f0a16f0b9436a6d9b5e085e835b45ba78902aa3)](https://preview.redd.it/xo980wc9dt371.png?width=1204&format=png&auto=webp&s=5f0a16f0b9436a6d9b5e085e835b45ba78902aa3)
+
+Fee Waiver
+
+The SEC is very unlikely to waive your FOIA fee. It's more likely to assign you directly to their free service tier of 2hrs of research and 100 pages of print outs. They also still reserve the right to charge you or reject you. See previous terms above.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/kjqp6ux6et371.png?width=1213&format=png&auto=webp&s=85c6993c69f5a3aa751dbd7ed5c6322afe642697)](https://preview.redd.it/kjqp6ux6et371.png?width=1213&format=png&auto=webp&s=85c6993c69f5a3aa751dbd7ed5c6322afe642697)
+
+Expedited Request
+
+Fill this with: "NO"
+
+Simply because expedited delivery is only for critical situations like a court case and things like that. Since you're just requesting information just for the information, you don't fulfill the requirements for expedited treatment.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/tsv8wgweet371.png?width=1264&format=png&auto=webp&s=41403e18e55bf4495db0a25c341c3f5dda06fcb8)](https://preview.redd.it/tsv8wgweet371.png?width=1264&format=png&auto=webp&s=41403e18e55bf4495db0a25c341c3f5dda06fcb8)
+
+Now onto the option flow DD
+
+*(This was supposed to be an option flow DD only but then i the spirit of SR-DTC-2021-005 came to my sleep and told me to avenge it).*
+
+Here's some basic legends:
+
+-   DTE: Days to expiry
+
+-   OI: Open Interest (Current snapshot of how many contracts have been purchased)
+
+-   Premium: Amount paid in $ for those option contracts
+
+-   Volume: Amount of option contracts purchased
+
+The source of the data is a live option flow streaming service called BlackBoxStocks. It's pretty expensive, but i pay for it so i can get this nice juicy data.
+
+1 Month Option Flow (May 5 - June 4)
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/2wfr6dq5gt371.png?width=1611&format=png&auto=webp&s=9e4c8a30a2203496aa5cb38734f361d577e8240d)](https://preview.redd.it/2wfr6dq5gt371.png?width=1611&format=png&auto=webp&s=9e4c8a30a2203496aa5cb38734f361d577e8240d)
+
+-   As i posted in my previous DD about the option flow, those big spikes for PUTs at the $0.5 - 5$ range were made in 1 single multi-leg order all at the same time for a premium of around $61 million dollars on the 23'rd of May with an expiry of January 2022 and January 2023.
+
+-   Additionally, there was a huge amount of ITM puts purchased near the end of May at $300 puts. I speculated that these were somehow a safety buffer so that they could flash crash the price when we reached a price near $300 and indeed that's what happened once we touched $292 and got puked down to $252.Market mechanics don't work like that. Buying puts at $300 and exercising them shouldn't do that. It's not how it works. I do have my own theory on how they're using those $300 puts though to achieve a "crash" and it's ridiculous to believe that they'd go this far... but i won't mention it here. Let's keep this purely data driven and speculation-less.
+
+-   Call open interest at $800 is still as huge as ever, about 120 million shares worth.
+
+1 Week Option Flow (May 31 - June 4)
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/wqvyb8626t371.png?width=1614&format=png&auto=webp&s=0b5cc94f4900ebda1319f3f288ae6ec881208c42)](https://preview.redd.it/wqvyb8626t371.png?width=1614&format=png&auto=webp&s=0b5cc94f4900ebda1319f3f288ae6ec881208c42)
+
+This data indicates last week's option flow. You can purely see what was done in terms of options last week.
+
+-   We can see a spike in volume for $300 calls all mostly short expiry dated. Indicates the likeliness of retail and less likely to be big money.
+
+-   We can see that puts still prefer those 2022 January and 2023 January dates. Very sus. Indicates someone with big money and not retail.
+
+-   OTM put options purchased at $20-50 ranges. At least they didn't go for the super OTM $0.5 to 5$ range they usually do.
+
+-   Some decent put purchases at the $230 range.
+
+I have another chart/analytic that shows me the Max Pain based on a few or all days of the last week. I've seen that if i adjust the max pain analytic to only use 1-2-3 days of the week that the Max Pain point moves almost exactly as GME's price. Last week's Max Pain was fluctuating between $250 - $290 with the majority of the time being at the $290 range.
+
+Current full week data still indicate that Max Pain is at $290. If this IS true, then it means the $250 dump is 100% artificial and done via ETFs or something else we're not aware of and that it will recover to $290 and likely more due to the momentum from $250 to $290. My educated guess is that we're going to see $317 tomorrow 6/8/2021 and that's just the start as the option tug of war is lost by the other side.

DD/Danger-Zone-by-Criand/2021-05-07-All-Shorts-Must-Cover-and-the-SI-Report-Loop-is-Bringing-us-Closer-to-the-Squeeze.md

@@ -0,0 +1,171 @@
+All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.
+==============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) | 
+
+---
+
+
+[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)
+
+0\. Preface
+
+This is your daily hit of hopium. In this case maybe a full rip of it since I see many people discouraged about 002 - but there is no need to worry. I want to show you that apes are winning and shorts are losing. You hold, you win. (But please note I am not a financial advisor. I don't want you guys bitching at me if you YOLO it on deep OTM options expiring within 24 hours).
+
+It is my belief that we do not need ANY of the new rules for the MOASS to occur. These rules were created for the purpose of preventing future stocks from ever being in the same position that GameStop is in. Think of it as they're introducing rules to ensure that a January runup in another stock never occurs again post GameStop MOASS:
+
+-   The DTCC will no longer have a 'pool' of collateral. Now the members will be hurting more and its easier to hit a margin call. High volatility up = 1 hour margin call from 801.
+
+-   No more delaying FTDs. The DTCC will catch any attempt at this and shut it down. Volatility from FTDs can't be suppressed = 1 hour margin call is easier to push through.
+
+-   Positions will have much more visibility to the DTCC and risk always calculated. No more hiding from the margin calls during high volatility.
+
+Again, all the bullets above are to prevent future stocks from squeezing. They never want this to happen again. Remember Tesla? It slow squeezed upward without any of these rules on a 15% SI. It's going to happen to GameStop eventually.
+
+All I'm saying is don't get discouraged! Things can ignite literally any moment - and they will ignite, with or without the DTCC rules.
+
+1\. The Price Floor Is Moving Towards The Danger Zone.
+
+On January 25th, 2021, Melvin received a total cash injection of $2.75 Billion. The price spiked to $159.18. So they were cutting it pretty close at that point - or at least, it was preemptive because Shitadel and Point72 knew things would spike a little bit more and this was to avoid the inevitable call from Marge. On another note, they absolutely hate the price of $350, which is where we saw the January and March peaks.
+
+So it's probably safe to assume that somewhere in the range of $160 and $350 is when our good friend Marge will give them a call. We can apply $160 here because that's around when Melvin got bailed out by his buddies, and them bleeding money over time could eventually make $160 the margin call price point. They can't continue this forever. And it shows. They are slowly but surely running out of time. How fast they are bleeding money? Eh, I don't know. I saw some linear predictions of the margin call price and that prediction could very well be true or very close to being accurate, but I'll leave it as a range for now instead of a "THIS IS THE PRICE TARGET WE'RE WAITING FOR!"
+
+It's literally just a war of attrition while the apes have infinite supply of time as we approach and enter what I like to call the DANGER ZONE. Kenny G and his friends are on that highway right now and have been ever since January.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)
+
+Source: Ryan Cohen in Top Gun (1986)
+
+You'll start to notice something wonderful when you look at the charts starting from January and ignore the trend downward but rather look at the trend upward. Your doubts should erase from your mind when you notice it.
+
+GME did a very quick decay from the January spike, and then a very slow decay from the March spike. Felt like it was going down in price, and the shorties were winning, huh? So I'm just wondering - how would you have felt if this was the chart we saw instead? What if the price decayed really quick in March again and then settled around $120?
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675)](https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675)
+
+Hm. I'd feel completely different. Give me that sweet sweet hopium hit. It would have no longer felt like it was going down in price but continuing to rise in price. The slow bleed from around $220 to $160 sucked - though trusting in the DD certainly helped. Now, imagine that SAME squeeze pattern on top of the arrows I drew. Let the price decay quickly in your mind. See what's going on here?
+
+I only needed to bust out one crayon 🖍️ from my mega 96-crayon pack for this chart. The price floor (blue line) is continuing to rise. Not only this, we're just now entering the DANGER ZONE!! (purple box). While it appears we are on a downtrend from looking at the decay in price from $220 to $160, GME is in fact going to higher and higher floors on these smaller and smaller bursts up. (FTD loop theory is right boys and girls, but I don't think it's been ironed out yet).
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)
+
+GME Price Floor Rising Into The Danger Zone
+
+Well well well. The price floor continues to rise in this dampening effect of price peaks and troughs. It's not going down! It's already going into the GODDAMN DANGER ZONE! They are growing weak at trying to suppress the price. Their efforts can't contain it forever.
+
+Now keep in mind, this is not to say that it is over once we're in the purple box. It is to say that the longer we stay in the purple box, the closer and closer we get to the margin call price. I can hold out for it - can't you? It's almost time for you to pick out your favorite lambo model.
+
+Anything can kick this over the edge and finally trigger the MOASS without 002 and 801. We're already stable at the price that GME spiked when Melvin received their cash injection. It's really just a matter of time at this point, because their attempts to kick the price back down are dampening.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb)](https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb)
+
+The longer this drags out, the higher the price floor becomes, until it kicks off.
+
+-   GameStop could find over 100% of their float voted and initiate a price spike, possibly through a recall.
+
+-   The entire market could tip just one way out-of-favor of the shorts, causing their margin price to drop.
+
+-   A long whale gamma squeeze can spike us into margin call territory long enough for the natural margin call (non-801) to occur.
+
+-   GameStop can slowly bleed upward until the critical danger zone price is hit with no other catalysts.
+
+-   Or perhaps, another FTD loop spike pushes GME over the edge. Let's investigate this to try to iron out the missing pieces of the FTD loop theory.
+
+2\. Hello FTD Loop - Or Should I Say SI Report Loop
+
+This isn't T+21 or T+35 or anything. But I think it might finally paint the picture of why we have theories ranging from T+13 to T+21 to T+35, and everything in between. We definitely have a loopthat is occurring. And it's most likely due to something called [Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) from FINRA.
+
+Short interest?! That's two words we're all very familiar with. What exactly is this?
+
+> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
+
+There's three columns on that link. What are they:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+Ah nice. So if you were a shortie in January and your SI% is well over 100% of the float, and the world thinks you haven't covered because of the high SI%, then you might want to drop that SI% number down! If you maintain a low SI% for a long time, then the world will believe the squeeze is done for and you can claim that you've covered your positions. In order to drop your SI% that will be reported on the Receipt Date, you'd want to hide your short position before EOD of the Settlement Date.
+
+You risk causing a mini squeeze right here. AKA the "Fake Squeeze" of January. But you MUST try it to shake off the holders. Dump it all. Pretend you covered. Hope that the apes sell.
+
+Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
+
+| Settlement Date | Due Date | Exchange Receipt Date |
+| --- | --- | --- |
+| January 15 | January 20 | January 27 |
+| January 29 | February 2 | February 9 |
+| February 12 | February 17 | February 24 |
+| February 26 | March 2 | March 9 |
+| March 15 | March 17 | March 24 |
+| March 31 | April 5 | April 12 |
+| April 15 | April 19 | April 26 |
+| April 30 | May 4 | May 11 |
+| May 14 | May 18 | May 25 |
+| May 28 | June 2 | June 9 |
+| June 15 | June 17 | June 24 |
+
+You could look at the Receipt Dates and say, "Hey! We spiked/dipped there! January 27, February 24, March 9, March 24! So the next spike would be May 11!", but not necessarily. It's interesting how some spikes occurred on a few of the receipt dates. I mean, the price certainly could spike again on May 11, but that's probably going to be a coincidence once more. I'm more interested in the Settlement Date column.
+
+Like I said earlier, it appears that they'll want to stuff away their shorts on days up to and including the settlement date. When this happens, we get volatility in the price due to the ITM CALL + OTM PUT tricks they've been using. The price spikes up, then crashes down. Or vice-versa. And this is consistently happening. Here's a few thoughts that I'm unsure of, but would like to propose:
+
+-   It's possible that a bunch of their shorts pour out after being hidden at critical dates, which result in massive ITM CALL and OTM PUT purchases prior to settlement dates, which consequently spikes/crashes the price in much larger movements. This could be why we're seeing smaller movements (February 12, April 15, April 30) because fewer shorts are popping out and we're waiting for a big pour out again.
+
+-   They like to waste money on flash-crashing the price, probably through exercising a bunch of PUT ammo, while simultaneously suppressing the SI% and moving FTDs out once more with ITM CALL and OTM PUTs (February 26, March 15, March 31). This bleeds them money when spikes occur, and thus makes the Danger Zone ever closer with a slowly incrementing price floor.
+
+-   The overlap of a bunch of their shorts pouring out and FTDs having to be reset occurs on these large movements (January 29, March 15, Some future date?)
+
+-   This is why we see discrepancies between T+21 and T+35 and dates in-between. It's not a cycle on those exact dates but rather any days before the settlement date.
+
+To help visually, I plotted each settlement date on the lovely GameStop chart starting in January. You can see that prior to every single receipt date, some kind of volatility occurs. Even for February 12, I would argue that the spike/drop from February 5 to February 6 was one of these volatile movements, though ever slight of a movement like we're seeing now.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769)](https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769)
+
+So, what does this mean? Well, it's not a date but more of a "watch for shit to go down close to or on these Settlement Dates (May 14, May 28, June 15, etc.)". The next few Settlement Dates could continue to be dampening with smaller and smaller volatile movements. But they could also be a repeat of the January, February, or March spikes due to the possibility that a ton of shorts and FTDs will need to be brushed under the rug once more.
+
+-   If GME spikes again due to this, they could attempt to flash crash the price once more.
+
+-   If GME spikes again due to this, and they are unable to flash crash the price, they'll be sitting higher in the DANGAH ZONE.
+
+-   Regardless, we can assume the price floor will continue to rise. Perhaps since we are at a critical point here of $160 and it has been dampening to an ever smaller volatile swings around $160 - that we will see a huge burst again just like January, February, and March in order to maintain that ever-increasing price floor.
+
+It sounds like I'm covering my ass because I said it could spike significantly or not at all lol. But I think there's enough data points here to assume that volatility will always occur prior to the next SI Report Settlement Date. Whether or not it is a big jump depends entirely on the amount of shorts and FTDs they need to hide. When do those pour out? Is it a specific date? That's what I'd like to find out.
+
+Personally I still believe April 16, 2021 caused something big that is coming. You don't just have all these banks + Shitadel working overtime day and night as of that date and not prior to it. If a big amount of shorts popped out of April 16 and they did not hide a lot of them prior to April 30 settlement, then the receipt date of those positions is May 11.
+
+-   Note: Receipt date of May 11 does not imply a price spike will occur. This implies that the next SI% report could cause a SI% spike if April 16 shorts popped out and were unable to be hidden by April 30.
+
+-   If the next SI% report date shows a spike in SI%, then its very possible that a portion of their hidden short position will be calculated into their risk, and the margin call price will go further down in the danger zone, making the tendies that much closer.
+
+3\. Conclusion
+
+We're reaching a critical point here, and its obvious that the shorters are going to lose. Apes will win. Don't get discouraged. Anyone telling you you're crazy might be right - that you're crazy just in a general sense - but you're not crazy for believing in GME.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0)](https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0)
+
+Blast off from here with some hopium / TLDR:
+
+-   Melvin received a $2.75B injection on the day GameStop spiked to $160. They have flash crashed the price from going above $350 every time. It's probably safe to assume they are entering the Kenny Loggin's DANGER ZONE as of this week which ranges from $160 to $350. This zone is where the margin call price theoretically lives.
+
+    -   GME is already stabilizing around this $160 price point. Melvin, are you scared?
+
+-   The Danger Zone will continue to shift down while they bleed money attempting to suppress the price. The margin call is inevitable. All shorts must cover.
+
+-   We consistently see volatile movement at some point in the week or week before a SI Report Settlement Date. EVERY single date has had this occur. The next settlement date is May 14.
+
+    -   This could be only a slight movement just like the past few Settlement Dates.
+
+    -   This could be a big movement due to April 16 from an overlap of a large amount of shorts having to be suppressed and FTDs shifted out (but who knows).
+
+-   Every Settlement Date spike results in an ever higher price floor. The past few floors, starting Feb 26 through May 7 = $100, $120, $140, $150, $160. This brings us closer to, and into, the Danger Zone.
+
+-   The Settlement Date following April 16 was on April 30. If a bunch of shorts spilled out from April 16 and they are no longer able to suppress them, then the Receipt Date on May 11 can result in a spike of SI%. Note: not price spike. SI% spike.
+
+    -   If the SI% spikes and they now have to include those shorts in their risk calculations, then that might shift the Danger Zone even lower and make the margin call price even closer.
+
+Also note to not day trade. Imagine you make the wrong mistake and the volatile movement ends up being the MOASS. See ya.
+
+The end feels so close. We'll see what the next few weeks bring. 😎

DD/Danger-Zone-by-Criand/2021-06-10-Danger-Zone-Part-II.md

@@ -0,0 +1,251 @@
+Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.
+===============================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) | 
+
+---
+
+[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)
+
+0\. Preface
+
+Welcome. WELCOME. More patterns. More dates (T+21 dates).
+
+I'm not a financial advisor - I don't provide financial advice. Also, you must be pretty nuts to be listening to a Pomeranian.
+
+I made a post before about the price entering the DANGER ZONE and thought it was above $160. Well, let's revisit that topic because of the interesting price movement we have been getting.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/9qtq30dyyc471.png?width=1556&format=png&auto=webp&s=0b90f2fc1155023373ec3c79ab08a03cba9d1c01)](https://preview.redd.it/9qtq30dyyc471.png?width=1556&format=png&auto=webp&s=0b90f2fc1155023373ec3c79ab08a03cba9d1c01)
+
+Somebody. PLEASE call Kenny. Marge? You there?
+
+TLDR: Danger Zone part 2
+
+-   The price floor continues to rise each T+21 cycle.
+
+-   Price goes on a Crabby Move 🦀on normal T+21 dates - floor rises about $30 each time.
+
+-   Price goes on a Parabolic Move 🚀between T+21 dates where major options come into play (January 15, April 16, July 16) - floor rises about $80 each time.
+
+-   If the price pattern continues, we should see a $500 floor by January 2022.
+
+-   Shorts haven't covered. They post unrealized losses and unrealized gains to mess with you.
+
+-   Retail average base cost is (probably) around $156.57. This is most likely the shorter average short price.
+
+-   Shorts with an average price of $156.57 would experience 100% loss around $313.14. (Speculative based on data - the real cost could be around $350).
+
+-   Shorters are terrified of $300+, there's been a big battle here for a few days, hinting that small short positions are about to hit margin call territory (the Danger Zone).
+
+-   The current price momentum in this gamma is much stronger than the previous two gammas of January and March. They're trying desperately to not let it take off.
+
+-   The moment one shorter falls, the dominos fall.
+
+-   I like the stock. I also like you. 😉
+
+1\. Ever-Rising Price Floor And Projection For The Next Few Cycles
+
+I've been getting pinged a lot on the next T+21 dates and when the next possible parabolic move could be coming. You might say "Past performance is no guarantee of future results" and generally I would agree. But with T+21 consistently occurring and the parabolic moves so far looking like they were triggered by major option dates, I'd say it's a pretty good bet that past performance will guarantee future results.
+
+-   Every 21 trading days a price spike occurs. Upon each spike, the clock resets to 0, and you count up 21 trading days following. Note that you must ignore holidays.
+
+-   Major options dates appear to drive parabolic moves upward. "Major dates" are the only option dates which were available early last year for the 2021 trading year.
+
+    -   January 15 --> February 24 - March 10; Parabolic Move
+
+    -   April 16 --> May 25 - June 9; Parabolic Move (Maybe more movement to come)
+
+    -   July 16 --> August 24 - September 8; Parabolic Move (Projected)
+
+I will say, the only thing that could make this crap the bed is if [DTC-2021-009](https://www.reddit.com/r/Superstonk/comments/nvlykp/dtcc2021009_dropped_today_lets_get_some_eyes_on/) somehow affects T+21. Guess we'll have to see what happens on June 24th, the next T+21. I'm thinking it does not, since T+21 is most likely not caused by a DTC rule, and therefore the DTC can't mess with that timeframe.
+
+On another note, [there is speculation that T+21 is not actually a thing](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/). It could be due to other mechanics we don't fully understand (T+35 rule or Net Capital for example). That being said, we're consistently in this loop so far. So, for the sake of making it easy to understand the loop, I think it's safe to continue calling it T+21.
+
+Without further ado, here you go! Projection of price movements with T+21 dates labeled for the next few months.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/qjk1wao6tc471.png?width=1435&format=png&auto=webp&s=e0b15daee115b3bfa3bacce059dd64612aac6dc8)](https://preview.redd.it/qjk1wao6tc471.png?width=1435&format=png&auto=webp&s=e0b15daee115b3bfa3bacce059dd64612aac6dc8)
+
+Price Projection Based On Rising Floor Every T+21 Days And Major Option Expirations
+
+It's a bit of a wild chart, so I'm sorry if it's cluttered. I've plotted with curvy lines the parabolic momentum that we see, and the crabby moves we get dependent on the different factors at play that cycle:
+
+1.  February 24 -> March 25: Parabolic Move 🚀 (January 15 options)
+
+2.  March 25 -> April 26: Crabby Move 🦀
+
+3.  April 26 -> May 25: Crabby Move 🦀
+
+4.  May 25 -> June 24: Parabolic Move 🚀 (April 16 options)
+
+5.  June 24 -> July 26: Crabby Move 🦀
+
+6.  July 26 -> August 24: Crabby Move 🦀
+
+7.  August 24 -> September 8: Parabolic Move 🚀 (July 16 options)
+
+In the chart, there's blue boxes starting at the floor of the previous cycle and ending at the floor of the next cycle. I drew them very roughly, so the numbers on the graph aren't exact. Sorry. I'm moving a bit quick.
+
+You'll see that the floor has continued to rise. Although I'm sure many have already seen that from the exponential floor posts! This is expanding on those posts and is a visualization to show that the floor rises every T+21 day cycle. So far, it looks like it rises at a very nice rate, even with the crabby cycles:
+
+-   Crabby Moves 🦀 increase the floor roughly $30 each time.
+
+-   Parabolic Moves 🚀 increase the floor roughly $80 each time.
+
+If the patterns follow, we could see the following price floors. Note that between April 26 and May 25 that the price broke below the previous floor. That's ok and expected. They can short a hell of a lot more shares to try to pull the price down between these cycles, but the floor continues to rise upon each T+21 date, despite this trickery.
+
+| T+21 Date | Price Floor (Roughly) | $ Increase From Previous | % Increase From Previous (Rounded) |
+| --- | --- | --- | --- |
+| February 24 | $45 | - | - |
+| March 25 | $116 | $71 | 157% |
+| April 26 | $148 | $32 | 28% |
+| May 25 | $182 | $34 | 23% |
+| June 24 | $259 | $77 | 42% |
+| July 26 (Projected) | $289 | $30 | 12% |
+| August 24 (Projected) | $318 | $29 | 10% |
+| September 8 (Projected) | $396 | $78 | 25% |
+
+After September 8 I don't think we'll see another parabolic move for a while, since that would be due to the last "major option date" of 2021 (July 16 options). The next "major option date" would be for January 2022. But, if the pattern continues, then the price floor would be around $500 by January 2022. Ooftah. Think they could last that long?
+
+2\. Short Position "Gains" And "Losses" Are Unrealized. They Averaged Up.
+
+I want to bring your attention to another matter that has popped up a lot, and there's a lot of celebration around it. The articles about short sellers "losing" billions of dollars in short positions on meme stocks. Horray!!! Shorts are bleeding money! Right? I don't think so. They're bleeding, but not for this reason.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/kofqhc17vc471.png?width=1214&format=png&auto=webp&s=f33807074f7ea49bb10549e9cc4172ea0c12a02e)](https://preview.redd.it/kofqhc17vc471.png?width=1214&format=png&auto=webp&s=f33807074f7ea49bb10549e9cc4172ea0c12a02e)
+
+https://www.cnbc.com/video/2021/06/03/short-sellers-lose-almost-5-billion-in-one-day-on-meme-stocks.html#:~:text=CNBC's%20Kristina%20Partsinevelos%20reports%20on,investors%20push%20the%20names%20higher.
+
+I've always thought these articles being posted were interesting.... almost as if they wanted to convey that the shorters "covered". (A few small shorters, like new retail shorters, might have covered. But not the big ones).
+
+Hint hint. They haven't covered. They do not plan to cover. The margin call Thanos snap when they get liquidated will finally make them cover.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/zykwvr337d471.png?width=866&format=png&auto=webp&s=6dbc94d107f4d096bface007717ca9fbb9fd4860)](https://preview.redd.it/zykwvr337d471.png?width=866&format=png&auto=webp&s=6dbc94d107f4d096bface007717ca9fbb9fd4860)
+
+https://www.reddit.com/r/wallstreetbets/comments/lawubt/hey_everyone_its_mark_cuban_jumping_on_to_do_an/
+
+I always look back at the total PUT OI going on an absolute tear in January when they hid SI% and think to myself, "Damn. That's totally ~~not~~ normal."
+
+Take a look at this. PUT OI spikes to 2e6 OI = 200m shares worth in PUTs. These PUTs were spread far and wide to many options expiring from February 5 all the way to January 2023. What in the hell? Totally normal hedge move, yup. Totally normal.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/zc7xcrch7d471.png?width=399&format=png&auto=webp&s=6c28ec2b8a9f72f0b987c917a05784f1e68b9e5c)](https://preview.redd.it/zc7xcrch7d471.png?width=399&format=png&auto=webp&s=6c28ec2b8a9f72f0b987c917a05784f1e68b9e5c)
+
+CALL and PUT OI Comparison; Data from /u/yelyah2
+
+They're not covering. They're hiding their shorts and trying everything they can to scare you off.
+
+So in my eyes these articles are all bull. Especially this one from the start of March:
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/cpp93z94vc471.png?width=1124&format=png&auto=webp&s=369820614b757f66a48575a2b8cabdb233d9b410)](https://preview.redd.it/cpp93z94vc471.png?width=1124&format=png&auto=webp&s=369820614b757f66a48575a2b8cabdb233d9b410)
+
+https://www.cnbc.com/2021/03/03/melvin-capital-posts-return-of-more-than-20percent-in-february-sources-say.html
+
+I remember getting pinged about this article and being told that Melvin won, shorters exited, blah blah blah, that was the FUD back then.
+
+How could they possibly gain 20% in February after getting obliterated in January? Well... they, and other shorters, must have averaged up their short position price. Anyone who took advantage of the GME peak price in January was able to have a fun time with gains.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/jg8yflcpwc471.png?width=1435&format=png&auto=webp&s=ab99e5fe95799b7f65f76293d72366fee57e4591)](https://preview.redd.it/jg8yflcpwc471.png?width=1435&format=png&auto=webp&s=ab99e5fe95799b7f65f76293d72366fee57e4591)
+
+Short Position Unrealized Gains / Losses Based On Opening New Shorts
+
+Their overall short position price went up, so they could post that they had returns/gains on that massive downward momentum in February. But these gains are all unrealized. They aren't covering, they're just digging a deeper hole because that's all they can do.
+
+3\. Average Retail Buy Price; Average Short Position Price
+
+It's an absolute WARZONE right now. The price is so desperately trying to go on a run upward.
+
+Last week I was noticing [how similar this run was to February](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/), and I was predicting that we'd see [another Gamma Neutral spike](https://www.reddit.com/r/Superstonk/comments/nrwp82/gamma_bombs_all_over_the_market_today/) on June 4th. BUT IT SPIKED UP TWO DAYS EARLIER THAN EXPECTED ON JUNE 2nd. [Data courtesy of [/u/yelyah2](https://www.reddit.com/u/yelyah2/)]
+
+That was a big, "Wait. What?" moment for me because it implied this gamma was ready to take off much sooner than the previous gamma run of February 24 - March 10. I should have noticed earlier at how much stronger this run was compared to the previous two gammas. Check out this comparison of the price hammers for January, March, and June gamma runs. Big shout out to [/u/sharp717](https://www.reddit.com/u/sharp717/) for identifying [the similarities to the January run as well](https://www.reddit.com/r/Superstonk/comments/nrud2r/price_action_is_shockingly_similar_to_not_only/).
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/eyb1v0rldd471.png?width=1434&format=png&auto=webp&s=6a3342786074385bc694fcae316d116af4160946)](https://preview.redd.it/eyb1v0rldd471.png?width=1434&format=png&auto=webp&s=6a3342786074385bc694fcae316d116af4160946)
+
+Price Momentum Being Contained. January, March, and June Gamma Squeezes
+
+There's huuuuge momentum that they have been trying to contain ever since May 25th. The price has been swinging up and down massively each day in this parabolic cycle🚀.
+
+Have they succeeded with suppressing the gamma squeeze? I mean, time will tell. June 9th is when I expected it to either start to go parabolic or be flash crashed down. But it's a goddamn battlefield right now! And this parabolic run is much different and stronger than the previous one. I personally think this run isn't over with. Their attacks are weaker every time, and there's so much strength still in this parabolic cycle🚀.
+
+There's so much ammunition being thrown because it truly is getting close to margin call territory, and they're most likely hurting even more in captial from January 15 and April 16 options expiring.
+
+Did I say margin call territory? I mean - the DANGER ZONE. Marge, call Kenny. Please.
+
+Some big brain apes discussed this Webull chart and the implications of it relating to their "Danger Zone price". It truly is a goldmine. With how popular Webull is it's probably safe to use this as a baseline for retail (and indirectly a baseline for shorters).
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/tyfsbj2cuc471.png?width=947&format=png&auto=webp&s=a8414ca7d6e6866e8d5ba420f79114065e6cc1e3)](https://preview.redd.it/tyfsbj2cuc471.png?width=947&format=png&auto=webp&s=a8414ca7d6e6866e8d5ba420f79114065e6cc1e3)
+
+Webull GME Statistics. Average share cost of $156.57
+
+What is this telling us?
+
+1.  Each horizontal bar represents a cluster of cost basis for retail shares. For example you can see a huge cluster between $76.83 and $156.57. There's way more retail that own shares at that price point than anything above $302.56.
+
+2.  The red indicates that the shares owned above $302.56 (price point when this screenshot was captured) currently have unrealized losses. "They're in the red"
+
+3.  Likewise, the green indicates that the shares owned below $302.56 currently have unrealized gains. "They're in the green".
+
+4.  The blue price point of $156.57 is the average ownership price.
+
+Seems fair. We can most likely assume that retail's average base cost is around $156.57. Most retail probably started buying in around December, because that's when the news of a GME short squeeze started to really take off. We can now indirectly say that this is also the average short position price.
+
+GME was over 100% shorted in December:
+
+-   You have to have naked shorts to get over 100% in the first place.
+
+-   OBV implies that barely anyone is selling.
+
+-   This signifies a liquidity issue where synthetics are created, ever-increasing the SI%.
+
+-   Any retail buy was most likely a new short position that was opened or a swap between paper hands and diamond hands.
+
+Our dear shorties might have an average short position of around $156.57. Give or take a little bit.
+
+If you have a long position that you opened up at $156.57, and the price goes down to $78.28, you'll be down 50%. If it continues down to $39.14, you'll be down 75%.
+
+If you have a short position that you opened up at $156.57, and the price goes up to $234.855, you'll be down 50% on margin. If it continues up to $313.14, you'll be down 100% on margin. BOOM. Marge starts calling.
+
+Assumptions per a big brain ape who discussed this:
+
+1.  Generally the margin requirements on short positions is 100% cash value of the position
+
+    1.  When you hit 100% loss, marge starts to call. Example of $156.57 short hitting $313.14. You need $156.57 posted to cover your margin requirement.
+
+2.  WeBull is a large enough broker to likely be considered a representative sample of all GME holders.
+
+3.  This is assuming the positions are unlevered - levering would reduce the margin call point.
+
+4.  This is assuming additional capital was not raised against the positions [Such as shill stock tickers pumped and dumped / Crypto / etc].
+
+4\. Danger Zone Part 2
+
+They dun goofed. Their FUD attack today (which we expected) was fruitless. All their tricks have been found out lmao.
+
+Guess what, Ken? Here's my trick. It's crayons showing the goddamn Danger Zone you're entering and so desperately trying to stay out of.
+
+The new and improved danger zone is based on the average short price of $156.57 which would trigger 100% losses at $313.14 assuming 100% margin requirements.
+
+[Note: Speculative based on Webull data. This could very well be $350 or higher, but the battle at $300 signals that this is a very rough place for the shorters to be].
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/cquh2loutc471.png?width=1437&format=png&auto=webp&s=cefd9b0a8fd5e4287498468ad3388c1a845bcd4d)](https://preview.redd.it/cquh2loutc471.png?width=1437&format=png&auto=webp&s=cefd9b0a8fd5e4287498468ad3388c1a845bcd4d)
+
+Danger Zone Visualization
+
+Is this why there's such a huge battle around $300 right now? And why the price is SEVERELY smacked down when it tries to reach above $350? It's probably because this danger zone is when small HedgeFunds / shorters begin to fall, and it's getting so close to closing in the zone.
+
+When one of the small shorters fall, it becomes a domino effect. Not only would they initiate buy pressure from covering their short positions, but the banks which are connected to the shorters might get upper-cut just enough to [also send the banks defaulting with the ICC](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/).
+
+This would then cascade to all the other shorters under that bank because their swaps with the bank for assets/liabilities to pump their balance sheets would get rug-pulled. Not just that... but everyone else on the brink of defaulting in the entire financial world connected to that bank would start to fall.
+
+You've all seen the reverse repo market. Things are bad bad BAD in the market. The amount has already reached an all-time high above $500 Billion in a non-quarter end. This is abnormal because quarter-ends are usually the time when banks would take advantage of the repo market to adjust their balance sheets.
+
+> Other than high levels immediately before a quarter-end, these levels of sustained reverse repo activity in excess of $300 Billion have not been seen since the Great Recession. - [Source](https://www.jdsupra.com/legalnews/repo-market-disruptions-in-reverse-6334085/)
+
+Everyone in the repo market is terrified of the 2008 bomb that wasn't allowed to finish going off. They're most likely [colluding to prop each other up](https://www.reddit.com/r/Superstonk/comments/nneg7p/european_financial_news_is_reporting_that_hedge/) because of the absolute insanity that could follow. Not just in the stock market. But the repo market, the crypto market, the treasury market, every market potentially.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/6fw8d1jild471.png?width=775&format=png&auto=webp&s=77e35c7d45e37fa81b0cc17e250dce5c13b4892b)](https://preview.redd.it/6fw8d1jild471.png?width=775&format=png&auto=webp&s=77e35c7d45e37fa81b0cc17e250dce5c13b4892b)
+
+Possible Collusion In Repo Market
+
+But hey, all it takes is that one.
+
+GME has to close just high enough for everything, everything, to come crashing down.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-03-100-Million-Dollars-of-Deep-ITM-GME-Call-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,33 @@
+$100MM of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lx5kgk/100mm_of_deep_itm_gme_calls_have_been_purchased/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
+
+UPDATE 3/4: 3:38pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+This brings the net to 131 million on the week and 12,000 calls
+
+Good Afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-04-131-Million-Dollars-of-Deep-ITM-GME-Calls-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,63 @@
+UPDATE (3/4): $131 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lxxaty/update_34_131_million_of_deep_itm_gme_calls_have/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+This brings the net to $162.5 million on the week and 14,500 calls.
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You dont go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $100 million of calls on gamestop the last 3 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to sleep inside
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-05-162-Million-Dollars-of-Deep-ITM-GME-Calls-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,63 @@
+UPDATE (3/5): $162.5 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday) NEW DD!
+================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+This brings the net to $162.5 million on the week and 14,500 calls.
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-08-246-Million-Dollars-of-GME-Calls-Purchased-since-March-1st.md

@@ -0,0 +1,83 @@
+UPDATE (3/8): $84 MILLION IN CALLS IN LAST HOUR; 246.5M SINCE LAST MONDAY
+=========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m0pvlc/update_38_84_million_in_calls_in_last_hour_2465m/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
+
+My fellow crayon eaters,
+
+Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
+
+<https://imgur.com/gallery/uHnjFPp>
+
+Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
+
+<https://imgur.com/gallery/5Seid1k>
+
+Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
+
+This brings daily total to $84 million in calls and the overall total $246.5 million and 19,200 calls from PHLX since last Monday. (This is the rights to 1.92 million shares)
+
+Another APE made a solid case for why they think this may be Shitadel and Melvin:
+
+<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
+
+Hard to say for sure but definitely worth at least a skim.
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-09-286-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased.md

@@ -0,0 +1,89 @@
+QUICK UPDATE: ADDITIONAL $40 MILLION DEEP ITM CALLS! TOTAL $286.5 MILLION 21,000 CALLS
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Good Evenings Tendielovers,
+
+Quick Update 3/9: 3:37pm 1800 calls from PHLX (I know starting to sound like broken record)(1200 $12c 4/16/21 and 600 $15c 4/16/21) for $40 million - underlying share price $237.28
+
+<https://imgur.com/gallery/wzssQ0z>
+
+Overall total $286.5 million and 21,000 calls from PHLX since last Monday. (This is the rights to 2.1 million shares)
+
+Things are shaping up quite nicely. Going to be an exciting couple weeks/months going forward!
+
+My fellow crayon eaters,
+
+Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
+
+<https://imgur.com/gallery/uHnjFPp>
+
+Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
+
+<https://imgur.com/gallery/5Seid1k>
+
+Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
+
+Another APE made a solid case for why they think this may be Shitadel and Melvin:
+
+<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
+
+Hard to say for sure but definitely worth at least a skim.
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,43 @@
+2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls
+================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+What up APES,
+
+Today we are going to have a 2-day update on DEEP ITM calls because I was too busy to make a post yesterday. Thank you to all who were concerned I was gone but...
+
+[![r/GME - 2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls](https://preview.redd.it/6a05lch4sgm61.jpg?width=500&format=pjpg&auto=webp&s=bd6d8e4e82b8b224075ea44468c7461f43e6e61b)](https://preview.redd.it/6a05lch4sgm61.jpg?width=500&format=pjpg&auto=webp&s=bd6d8e4e82b8b224075ea44468c7461f43e6e61b)
+
+3/11: 3:38pm 2150 calls purchased from PHLX for $54 million ($12, $15 and $18 calls) (each contract cost roughly 25k for my smooth brained friends) underlying share price - $261.36
+
+<https://imgur.com/gallery/nI13Tnt>
+
+3/10: 3:33-3:57pm 4500 calls bought out of PHLX for $114 million ($12 and $15 calls) underlying share prices - 263.01, 266.51, 269.51
+
+Edit: Expiration is 4/16/21 on all these calls
+
+<https://imgur.com/gallery/An4WEiV>
+
+TL;DR Same buyer from PHLX exchange spent $168 million on 6650 DEEP ITM calls in last 2 days. Running total since 3/1 $436.5 million = 27,650 calls
+
+If you didn't see my last post on my theory for what caused the mega dip go check it out
+
+<https://www.reddit.com/r/GME/comments/m276h0/deep_itm_calls_caused_the_mega_dip_new_theory/>
+
+Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals decision to make a 100MM investment basically into the stock of this company.
+
+We are in good hands now APES
+
+Plot twist: my wife's boyfriend left her for me
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-04-106-Million-of-Deep-ITM-Call-were-Purchased-on-April-1st.md

@@ -0,0 +1,23 @@
+$106M of DEEP ITM calls were purchased on Thursday (4/1/21)
+===========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/) | 
+
+---
+
+
+[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
+
+Happy Easter Apes,
+
+The folks at PHLX are back at it again with massive DEEP ITM call purchases before close
+
+[![r/GME - $106M of DEEP ITM calls were purchased on Thursday (4/1/21)](https://preview.redd.it/kqts0fdcf8r61.jpg?width=1222&format=pjpg&auto=webp&s=f4fc1040a414ebc4e5663647038da913ad1d33c8)](https://preview.redd.it/kqts0fdcf8r61.jpg?width=1222&format=pjpg&auto=webp&s=f4fc1040a414ebc4e5663647038da913ad1d33c8)
+
+GME Biggest Trades 4-4-2021
+
+As you can see from the data above a buyer out of PHLX bought $106 million of these DEEP ITM calls at 1:22pm and 3:29pm totaling 5960 calls at assorted strike prices ($12-20). These is a pretty massive purchase and it is my belief they made be using these to hide FTD's (Failed-to-deliver). These all expire 4/16/2021 leading me to believe the next few weeks we will see heightened volatility as we near the quarter's hottest expiry date (4/16). With some potential major catalysts looming things are definitely getting pretty spicy.
+
+Today I eat ~~ramen~~ crayons so I will one day eat banana

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-11-No-Deep-ITM-Calls-were-Bought-April-9th.md

@@ -0,0 +1,26 @@
+NO DEEP ITM CALLS WERE BOUGHT FRIDAY (4/9)
+
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mowbw3/no_deep_itm_calls_were_bought_friday_49/) | 
+
+---
+
+
+[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)
+
+Hope all of you Apes are having a good weekend,
+
+Sorry for the delay but the weekend is an excellent time to ~~refresh~~ restock on crayons for the coming week.
+
+I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) let's get into it:
+
+As you can see blow there were no large block trades of DEEP ITM calls.
+
+[![r/Superstonk - NO DEEP ITM CALLS WERE BOUGHT FRIDAY (4/9)](https://preview.redd.it/tp9su9gn5ls61.jpg?width=1219&format=pjpg&auto=webp&s=a5bc654e8ad77a3cd711215cbac416768624b1ef)](https://preview.redd.it/tp9su9gn5ls61.jpg?width=1219&format=pjpg&auto=webp&s=a5bc654e8ad77a3cd711215cbac416768624b1ef)
+
+GME Biggest Trades 4-9-2021
+
+I am unsure if this is the last of these DEEP ITM or we have possibly one more wave of them to expect. Time will tell I'll keep you posted. Refer to my recent posts for more discussion on the topic.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-12-No-Large-Block-Trades-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,23 @@
+UPDATE 4/12 (MONDAY) NO LARGE BLOCK TRADES OF DEEP ITM CALLS TODAY
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mpquk6/update_412_monday_no_large_block_trades_of_deep/) | 
+
+---
+
+
+[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)
+
+Good evening Apes I hope this post finds you well,
+
+I'm your host [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it:
+
+Wanted to provide you all with an update for today. As you can see below there were no deep in-the-money calls purchased today.
+
+[![r/Superstonk - UPDATE 4/12 (MONDAY) NO LARGE BLOCK TRADES OF DEEP ITM CALLS TODAY](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)
+
+GME Biggest Trades 4-12-2021
+
+This makes 5 out of the last 6 days with no large block trades of DEEP ITM calls. The one day being a relatively small amount (compared to prior block purchases). Short and sweet today. Hang in there (pun intended)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-13-Another-Day-Without-Large-Block-Purchases-of-Deep-ITM-Calls.md

@@ -0,0 +1,35 @@
+ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mqiir8/another_day_without_large_block_purchases_of_deep/) | 
+
+---
+
+
+[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)
+
+Good evening everyone,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here Just wanted to provide you all with the daily update regarding the block trades of DEEP ITM calls that were previously happening.
+
+As can be seen below there were no large block trades of DEEP ITM calls bring the total to 6 out of the last 7 days without any large block purchases.
+
+[![r/Superstonk - ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981)](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981)
+
+GME Biggest Trades 4-13-2021
+
+I just want to be clear that I'm not here to speculate on what I don't know. I just take the dataset I am presented daily and provide my best inferences to the good people of this sub. Nothing here should be taken as fact it is purely my opinion and mine alone. With that being said I think the lack of large block trades of DEEP ITM calls is very telling.
+
+Many have been quick to point out that this doesn't mean there are no DEEP ITM calls being purchased. This is of course true as the "Big Trade Detector" doesn't catch any trades smaller than 100-200 contracts. But let's delve into this more. If they could be making these trades in smaller chunks "off the radar" of things like this Biggest Options trades list from Fidelity why aren't they?
+
+For starters lets talk about risk. These large block trades of DEEP ITM calls were almost always traded in pairs. It has been surmised from some other DD posts that it is very likely that this the whoever buying and then shortly after reselling. Let's take a look at the time period over which these trades took place.
+
+[![r/Superstonk - ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a)](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a)
+
+GME Biggest Options Trades 4-4-2021
+
+The $20 and $12 calls were very likely purchased 13:22:50 and likely sold at 13:22:52 (aka 2 seconds later). Personally I have no idea of the intricacies of how these are used to reset FTD's and I'm not going to sit here and pretend to understand. What I do know is that if I was buying and reselling 100's of millions of dollars of call options on a very volatile stock I would be trying to unload these positions are quickly as possible to minimize my risk exposure. The most efficient way to do this of course is buying and selling these quickly in one large chunk and ended up on our favorite daily chart pictured above. Now you may notice that on the other set of $12 and $15 calls (probably) purchased at 13:58:05 but (likely) sold at 15:29:24. The reason for why they held them this long you may ask; I don't have a goddamn clue. I don't know if this had to do with the reset process, if they used it to further manipulate the stock, or if they just decided to be gamblers for an hour and a half. What I do know is they would've hidden these from us the whole time if they had the ability to. The disappearance of these large block trades is significant and if they are to proceed without them, this will negatively impact them in some way.
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-14-2160-Deep-ITM-Calls-were-Purchased-in-Large-Block-Trades-from-PHLX.md

@@ -0,0 +1,27 @@
+2160 DEEP ITM CALLS WERE PURCHASED IN LARGE BLOCK TRADES FROM PHLX TODAY (4/14)
+===============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mr4ykn/2160_deep_itm_calls_were_purchased_in_large_block/) | 
+
+---
+
+
+[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 up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) you know the deal.
+
+[![r/Superstonk - 2160 DEEP ITM CALLS WERE PURCHASED IN LARGE BLOCK TRADES FROM PHLX TODAY (4/14)](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d)](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d)
+
+GME Biggest Trades 4-14-2021
+
+Large block purchases out of PHLX at 3:18pm (yeah I can do the conversion). 1160 $1.5 calls for 158.70($15,870 each) = $18,409,200. 500 $12 calls for 148.20 ($14820) = $7,410,000. 500 $25 calls for 135.20 ($13520) = 6,760,000 totaling $32,579,000 all of these calls expiring in two days 4/16/21.
+
+Could this be the start of the (potential) last wave of DEEP ITM calls as we had previously discussed [here](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/). Another interesting thing to note is that these were very frequently traded in pairs previously and so it had been theorized that these were being bought and sold. The ones bought today were not in pairs and so we can narrow it down to three potential options(HA). If they were bought and sold in the same second the size of the trades could be halved and it could essential be its own "pair." This also only captures the data for large trades and so if they were sold in smaller bunches I wouldn't be able to see it. Lastly they could still be holding them.
+
+We shall see if there is more of this tomorrow. As always I will keep you posted.
+
+A far-fetched theory (right?) : I always kind of assumed these calls were being bought but the data set I have doesn't really indicate buy or sell. This is why I have to make some assumptions when it comes to thinking they are often traded in pairs. What if the whole time they were selling them and collecting the premiums. this would go against some of the FTD resetting theories so this is of course just an idea I had but it just caught me off guard as I had never considered it.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-15-No-Block-Trades-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,21 @@
+NO BLOCK TRADES OF DEEP ITM CALLS TODAY (4/15)
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mrr8zv/no_block_trades_of_deep_itm_calls_today_415/) | 
+
+---
+
+
+[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 up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a super quick update. No additional DD tonight giving myself the night off. Here's todays biggest options trades from Fidelity.
+
+[![r/Superstonk - NO BLOCK TRADES OF DEEP ITM CALLS TODAY (4/15)](https://preview.redd.it/l5i0xjv5dft61.jpg?width=1223&format=pjpg&auto=webp&s=77357f26df390db3d8e7782c70c6539faf793eee)](https://preview.redd.it/l5i0xjv5dft61.jpg?width=1223&format=pjpg&auto=webp&s=77357f26df390db3d8e7782c70c6539faf793eee)
+
+GME Biggest Trades 4-15-2021
+
+See you all tomorrow! Starting to think my wife's boyfriend might be into women.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-16-No-Block-Trades-of-Deep-ITM-Calls-April-16th.md

@@ -0,0 +1,23 @@
+NO BLOCK TRADES OF DEEP ITM CALLS ON FRIDAY (4/16)
+==================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mtpyfw/no_block_trades_of_deep_itm_calls_on_friday_416/) | 
+
+---
+
+
+[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)
+
+Hope you all had a great weekend,
+
+I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it.
+
+[![r/Superstonk - NO BLOCK TRADES OF DEEP ITM CALLS ON FRIDAY (4/16)](https://preview.redd.it/5pe0ciat51u61.png?width=1230&format=png&auto=webp&s=d9beb8b788aa7b6d97d449d72360e120ee5c306e)](https://preview.redd.it/5pe0ciat51u61.png?width=1230&format=png&auto=webp&s=d9beb8b788aa7b6d97d449d72360e120ee5c306e)
+
+GME Biggest Trades 4-18-2021
+
+As you can see from the image above there were no large block trades of DEEP ITM calls. I think this is likely a result of this being the expiration date of the DEEP ITM calls that were being traded. If you look back at my prior posts you can see that almost every large block trade of DEEP ITM calls were dated for 4/16/21. Seeing as they would be extra volatile on their last day it would make sense why Hedgies wouldn't want to trade them (although DEEP ITM calls have very little theta a.k.a. time value decay). I will be curious to see if these start up again with an expiration on the next large quarterly options date (something like 7/16/21) or if these will disappear entirely. As always I will keep you posted. See you tomorrow.
+
+I may need to invest in Crayola at the end of all this. My Red addiction is getting the best of me.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-19-No-Deep-ITM-Calls-Purchased-in-Large-Quantities-Today.md

@@ -0,0 +1,25 @@
+NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)
+============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mueq2m/no_deep_itm_calls_purchased_in_large_quantities/) | 
+
+---
+
+
+[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)
+
+Good evening Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here. Hope everyone had a great Monday as I know I did. The weekends feel like an eternity when you're waiting for the market to open. What a weird world we live in where on the weekend I look forward to Monday. What is wrong with me? Besides the fact that I eat crayons and sleep in my wife's boyfriends Honda Civic. Enough chit-chat let's get into the data.
+
+[![r/Superstonk - NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)](https://preview.redd.it/7d36bp1t38u61.jpg?width=1222&format=pjpg&auto=webp&s=51decc9d6190708a6d7ca15d5d323b3f19841d54)](https://preview.redd.it/7d36bp1t38u61.jpg?width=1222&format=pjpg&auto=webp&s=51decc9d6190708a6d7ca15d5d323b3f19841d54)
+
+GME Biggest Trades 4-19-2021
+
+As you can see from the image above there were no large block purchases of DEEP ITM calls. Nothing really important to note in the options activity (on the Biggest Trades list) as the largest transaction looked to be some $190 calls that traded for less than $1 million. Pocket change compared to the tens of millions we saw in purchases previously. As always I will continue to monitor this on-going situation and keep you posted.
+
+It will be interesting to see if FTD's begin to pile up as we have seen a fairly low amount of these DEEP ITM calls in the recent days. Unfortunately our access to this data is delayed (I believe 2 weeks) and so we will be in the dark on this to some extent. I don't know about you guys but I've reached this Zen phase of "inevitably we will be rich, I don't really care when it happens."
+
+[![r/Superstonk - NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)](https://preview.redd.it/38ppypow48u61.png?width=571&format=png&auto=webp&s=c7068e45be91ac8862b2158283076aa8b01e64df)](https://preview.redd.it/38ppypow48u61.png?width=571&format=png&auto=webp&s=c7068e45be91ac8862b2158283076aa8b01e64df)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-21-No-Deep-ITM-Call-Blocks-Purchased-Today.md

@@ -0,0 +1,44 @@
+NO DEEP ITM CALL BLOCKS PURCHASED TODAY (4/21)
+
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mvv0t9/no_deep_itm_call_blocks_purchased_today_421/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+What up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a quick update on today's DEEP ITM calls.
+
+[![r/Superstonk - NO DEEP ITM CALL BLOCKS PURCHASED TODAY (4/21)](https://preview.redd.it/0rve0srysmu61.png?width=1226&format=png&auto=webp&s=e12f5155f7ecc8bc1d7e2963ba12eef3863c2e63)](https://preview.redd.it/0rve0srysmu61.png?width=1226&format=png&auto=webp&s=e12f5155f7ecc8bc1d7e2963ba12eef3863c2e63)
+
+GME Biggest Options Trades 4/21/2021
+
+There weren't any. (Large purchases)
+
+Nothing really new on this front so I wanted to take this time explain a bit more into how these DEEP ITM calls were being used to "hide" FTD's(Failed-to deliver).
+
+I personally was not the best when it came to explaining this but an ape with more wrinkles than I summed it up beautifully. BIG shoutout [u/ujar89](https://www.reddit.com/u/ujar89/) for this one:
+
+Here is the process they use to reset/hide FTDs. Please keep in mind Citadel is also a market maker. (Yes I know, conflict of interest). 'A' can be Citadel and 'B' can be Melvin in this example.
+
+1\.  A (the market maker) gives B X amount of synthetic shares (remember only market makers have this power). B gives A collateral so A doesn't get screwed (the collateral is basically the premium A pays to purchase the contracts from B).
+
+2\.  B uses those synthetic shares to close out existing FTD positions.
+
+3\.  B writes deep ITM calls (so A knows it's B).
+
+4\.  A buys the calls and exercises them receiving X shares back as IOUs.
+
+5\.  Now B has effectively closed out old FTDs while creating fresh new IOUs that will become FTDs in due time.
+
+6\.  Repeat as needed to avoid reporting FTDs and pretend like you covered.
+
+I hope this helped cleared up the inner workings of the process for some of you.
+
+See you all tomorrow

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-22-No-ITM-Call-Block-Purchases-Today.md

@@ -0,0 +1,19 @@
+NO ITM CALL BLOCK PURCHASES TODAY (4/22)
+========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mwm16e/no_itm_call_block_purchases_today_422/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+Late post but wanted to get the data out from your friendly neighborhood [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)
+
+[![r/Superstonk - NO ITM CALL BLOCK PURCHASES TODAY (4/22)](https://preview.redd.it/4qbmj7m5auu61.png?width=1226&format=png&auto=webp&s=8b7df47ee1e8fe4e38c3e720f0b39dc69a0d3341)](https://preview.redd.it/4qbmj7m5auu61.png?width=1226&format=png&auto=webp&s=8b7df47ee1e8fe4e38c3e720f0b39dc69a0d3341)
+
+GME Biggest Options Trades 4/22/2021 (from Fidelity)
+
+Brings the running total to 12 out of the last 14 trading days without large purchases that registered on the charts. I haven't heard a thing out of PHLX either but what do I know I've got crayons wedged in my ears. See you tomorrow

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-27-No-Deep-ITM-Call-Blocks-Traded-Today.md

@@ -0,0 +1,23 @@
+NO DEEP ITM CALL BLOCKS TRADED TODAY (4/27)
+===========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n04v84/no_deep_itm_call_blocks_traded_today_427/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+Good Evening Apes and Apettes,
+
+Gonna keep it short and sweet tonight my wife's boyfriend says I get 10 minutes on the computer.
+
+No GME Block trades of DEEP ITM calls today (data below)
+
+[![r/Superstonk - NO DEEP ITM CALL BLOCKS TRADED TODAY (4/27)](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21)](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21)
+
+GME Biggest Options Trades 4/27/21
+
+Just a quick update for everyone to log the data in an easily accessible place. Feel free to reference my prior posts for a deeper explanation if you haven't been following along. I wish you all a crown of crayons someday. Until then, I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) see you tomorrow.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-28-No-Large-Purchases-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,23 @@
+NO LARGE PURCHASES OF DEEP ITM CALLS TODAY (4/28)
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n0u360/no_large_purchases_of_deep_itm_calls_today_428/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) DEEP ITM calls you know what it is.
+
+Were there any large purchases? No
+
+![image](https://user-images.githubusercontent.com/82035192/120925534-fb6c9480-c6a6-11eb-9a5a-1520efff9efa.png)
+
+[GME Biggest Options Trades 4/28/21](https://preview.redd.it/otxd0ghen0w61.png?width=1223&format=png&auto=webp&s=edf36746144054f0251f435f5291353fbbe982da)
+
+Since there's no new news on the DEEP ITM call front (which is always good news). I wanted to take this time to give a shoutout to my fellow ape [u/YoungbloodAA](https://www.reddit.com/user/YoungbloodAA/) for the kickass background. My setup wasn't truly complete until now.
+
+[Disclaimer: I did not pay for this setup with GME stock because that would require me to have ever sold a share](https://preview.redd.it/kbmp96lzo0w61.jpg?width=3818&format=pjpg&auto=webp&s=540511231bf94874a88b3e04d0a0d70e06dd5e76)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-29-No-Large-Purchases-of-Dee-ITM-Calls-Today.md

@@ -0,0 +1,21 @@
+DEEP ITM CALLS - NO LARGE PURCHASES (4/29)
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n1hd5z/deep_itm_calls_no_large_purchases_429/) | 
+
+---
+
+
+[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)
+
+Good evening Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with the quick update for everyone: no large block purchases of DEEP ITM calls today (4/29)
+
+[![r/Superstonk - DEEP ITM CALLS - NO LARGE PURCHASES (4/29)](https://preview.redd.it/gd0arpdo47w61.jpg?width=1220&format=pjpg&auto=webp&s=7c530b5f28750288cb5542c4b3829df821955d3e)](https://preview.redd.it/gd0arpdo47w61.jpg?width=1220&format=pjpg&auto=webp&s=7c530b5f28750288cb5542c4b3829df821955d3e)
+
+GME Biggest Options Trades 4/29/21
+
+Idk about you guys but I loved that AMA today; so informative and feel like [u/Atobitt](https://www.reddit.com/u/Atobitt/) was able to really steer the conversation well and keep us on topic. I know I learned a lot and hope you all took something away from it as well. Those are valuable insights! See ya tomorrow