mirror of
https://github.com/verymeticulous/wikAPEdia.git
synced 2025-06-14 05:27:56 -05:00
Compare commits
83 Commits
Author | SHA1 | Date | |
---|---|---|---|
99507d0f91 | |||
1ea919d270 | |||
31503d30ab | |||
a8f1c1af69 | |||
9f4140d34b | |||
ae438f6e62 | |||
42e61b10ba | |||
6adef8aba3 | |||
7687531340 | |||
ae10fbf693 | |||
58dc283f28 | |||
dc6a8be7a8 | |||
e6dd334f1c | |||
a9f72f22d3 | |||
c1374f1208 | |||
61549aee50 | |||
eda66fc0d4 | |||
b41c6c912f | |||
0d73831e7e | |||
215e1e8103 | |||
733cc3fdcb | |||
22f9062101 | |||
2087077548 | |||
f5aa540c46 | |||
62b242de1c | |||
73482591d8 | |||
a3bb3c63ab | |||
89fc6329cf | |||
8aca992dec | |||
a50c87f6db | |||
7fd90a55bd | |||
641c2b8891 | |||
269b287ce1 | |||
393d68fac6 | |||
04ed484562 | |||
938aaf3cf0 | |||
a1a0c47451 | |||
57310b543c | |||
ac8b2ac8c2 | |||
56ea3fa45e | |||
e68b5abac9 | |||
9000394828 | |||
d465f7e24e | |||
28bc5f1239 | |||
a1e9150b65 | |||
ac4dc1a95f | |||
cd0a2ef670 | |||
a265ebca2b | |||
49492d899c | |||
b4042e2a8c | |||
6c239b794d | |||
a5e1d149d3 | |||
b3a9b68e65 | |||
e79dbda63b | |||
a89bb6ec85 | |||
c94afd1a3f | |||
5b9a755504 | |||
90225fb7f5 | |||
dadc639600 | |||
855df81a5b | |||
43ce6adfe7 | |||
caff8fb46f | |||
d3fe91bd7b | |||
561c59b011 | |||
2b3c4cda04 | |||
c16872bcd6 | |||
138c5cc141 | |||
1088969f76 | |||
29126d626d | |||
a76647c199 | |||
c3ea124fb4 | |||
a1340d58da | |||
56c00c2400 | |||
f7d1db2ee4 | |||
e34941eb1c | |||
c010c04acf | |||
caa1bbffb1 | |||
efafaf6616 | |||
52b69011d1 | |||
bfd1b5381c | |||
518c3752a8 | |||
453fd9b056 | |||
dacb11a199 |
@ -0,0 +1,69 @@
|
|||||||
|
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.
|
188
00-Getting-Started/2021-06-06-Financial-Analyis-Crash-Course.md
Normal file
188
00-Getting-Started/2021-06-06-Financial-Analyis-Crash-Course.md
Normal file
@ -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!
|
||||||
|
|
||||||
|
[](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!
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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):
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
@ -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)
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
@ -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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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
|
@ -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
|
||||||
|
|
||||||
|
[](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>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)
|
||||||
|
|
||||||
|
[](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.
|
@ -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)
|
||||||
|
|
||||||
|
[](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-)
|
24
Brokers/Fidelity/2021-06-05-Fidelity-Account-Insurance.md
Normal file
24
Brokers/Fidelity/2021-06-05-Fidelity-Account-Insurance.md
Normal file
@ -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).
|
@ -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)
|
@ -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.
|
@ -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.
|
@ -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
|
||||||
|
|
||||||
|
🙌💎🚀🚀🚀🚀🚀🚀❤❤❤❤❤❤❤❤❤
|
@ -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
|
@ -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)
|
||||||
|
|
||||||
|
[](https://i.redd.it/ej6hoobni3471.png)
|
@ -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)
|
||||||
|
|
||||||
|
[](https://i.redd.it/5qujmiftna471.png)
|
@ -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)*:
|
||||||
|
|
||||||
|
[](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):*
|
||||||
|
|
||||||
|
[](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)*:
|
||||||
|
|
||||||
|
[](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.*
|
140
DD/2021-06-05-A-Look-into-GME-without-the-Squeeze.md
Normal file
140
DD/2021-06-05-A-Look-into-GME-without-the-Squeeze.md
Normal file
@ -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"
|
||||||
|
|
||||||
|
[](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...
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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!
|
||||||
|
|
||||||
|
[](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.
|
116
DD/2021-06-06-Synopsis-of-GMEs-One-Percent-Borrow-Rate.md
Normal file
116
DD/2021-06-06-Synopsis-of-GMEs-One-Percent-Borrow-Rate.md
Normal file
@ -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.
|
||||||
|
|
||||||
|
[](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
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448)
|
||||||
|
|
||||||
|
FTD clearing chain in the event of liquidation
|
226
DD/2021-06-07-Hanks-Big-Bang-Quant-Apes-Glitch-the-Simulation.md
Normal file
226
DD/2021-06-07-Hanks-Big-Bang-Quant-Apes-Glitch-the-Simulation.md
Normal file
@ -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.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/sfs0rlgprt371.png?width=1626&format=png&auto=webp&s=f28599498018462de65d04a0663206ff4d64a623)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ckanpxbqrt371.png?width=1652&format=png&auto=webp&s=553e7ceae6eddd1a387febf88e0e1a3ffe03e117)
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/92ks0y4trt371.png?width=860&format=png&auto=webp&s=03932694664e27f9dbfde8042d03f3be181a2559)
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rd1ye3ddst371.png?width=1630&format=png&auto=webp&s=f284394415c8cd127d750bbcd45f55ef676d0fd0)
|
||||||
|
|
||||||
|
[](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
|
||||||
|
|
||||||
|
[](https://preview.redd.it/79rg4j9gst371.png?width=1284&format=png&auto=webp&s=33e2deedfeb5f2caa5c1914e8caa828071214862)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3qzw1f0hst371.png?width=1274&format=png&auto=webp&s=5b591b0a0bfe04debd67f0561a971ac797651e78)
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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 **********
|
169
DD/2021-06-07-How-to-Fill-out-a-FOIA-Request.md
Normal file
169
DD/2021-06-07-How-to-Fill-out-a-FOIA-Request.md
Normal file
@ -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.
|
||||||
|
|
||||||
|
[](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...
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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>
|
||||||
|
|
||||||
|
[](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.*
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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)
|
||||||
|
|
||||||
|
[](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)
|
||||||
|
|
||||||
|
[](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.
|
251
DD/Danger-Zone-by-Criand/2021-06-10-Danger-Zone-Part-II.md
Normal file
251
DD/Danger-Zone-by-Criand/2021-06-10-Danger-Zone-Part-II.md
Normal file
@ -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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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:
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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/).
|
||||||
|
|
||||||
|
[](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).
|
||||||
|
|
||||||
|
[](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].
|
||||||
|
|
||||||
|
[](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.
|
||||||
|
|
||||||
|
[](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.
|
@ -0,0 +1,23 @@
|
|||||||
|
ETF Holdings of GME have increased 10.6% over the past 3 months
|
||||||
|
===============================================================
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/the_nebraskan](https://www.reddit.com/user/the_nebraskan/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt9vj1/etf_holdings_of_gme_have_increased_106_over_the/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
TLDR; ETFs are continuing to BUY and HOLD.
|
||||||
|
|
||||||
|
3 months ago, on 19 Mar, I created a spreadsheet that tracked the holdings reports of the top 30+ ETFs that hold GME. Today I revisited that spreadsheet and updated the numbers with current reporting. The biggest updates came from Vanguard who published their quarterly holdings update at the end of April. Unlike the other tracked ETFs, Vanguard does not post daily holdings reports. Here are my findings.
|
||||||
|
|
||||||
|
Total share count amongst the 32 tracked ETFs increased from 11.7 Million to 13.0 Million (+10.6%). Vanguard specifically had an increase in GME holdings from 3.7 Million to 4.8 Million (+30%).
|
||||||
|
|
||||||
|
This increase in position comes with an increase in stock price. On 19 Mar, GME closed at $200.27. On 4 Jun it closed at $248.36. This shows that as a whole, ETFs have increased their total stake in GME and these changes were not due to adjustments from price alone.
|
||||||
|
|
||||||
|
Spreadsheet Link
|
||||||
|
|
||||||
|
<https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-_9Bbpwru3jY/edit?usp=sharing>
|
||||||
|
|
110
DD/Gamma-Signals-by-yelyah2/2021-06-06-Gamma-Signal-Update.md
Normal file
110
DD/Gamma-Signals-by-yelyah2/2021-06-06-Gamma-Signal-Update.md
Normal file
@ -0,0 +1,110 @@
|
|||||||
|
6/6/2021 Gamma Update - Review of Gamma Maximums
|
||||||
|
================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntw1h1/662021_gamma_update_review_of_gamma_maximums/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
TLDR: Potential new indicator - Gamma Maximum prices could identify potential ceilings for an underlying price, and a threshold to catapult the stock upwards if it can break through.
|
||||||
|
|
||||||
|
Few Quick Words
|
||||||
|
|
||||||
|
As my posts have recently gained some attention, thought I'd like say a few quick things before digging in:
|
||||||
|
|
||||||
|
- I use raw options data from [historicaloptiondata.com](https://historicaloptiondata.com/), write my own algos, and these are just Excel graphs I made.
|
||||||
|
|
||||||
|
- I have a few motivations for sharing this information:
|
||||||
|
|
||||||
|
- Give back to this community. It's awesome, and has given me so much knowledge already.
|
||||||
|
|
||||||
|
- Get feedback and suggestions. I do this as a hobby. I'm not a professional, and this is a pool of very intelligent people who have a lot of good ideas. This post is dedicated to one suggestion I received this last week, and was excited to dig into. I appreciate all your comments and suggestions.
|
||||||
|
|
||||||
|
- Just be kind if you see something you don't agree with. I'd love an honest discourse!
|
||||||
|
|
||||||
|
- I try to read/reply to all your comments, messages and chats. If I don't respond and you wanted a chat, just bug me again. Like everyone, I have a lot going on in life, but this is important to me.
|
||||||
|
|
||||||
|
- I'm giving away a lot of my sauce, but I choose to keep some of my sauce secret. Hoping you can understand if I don't give away all secrets of what I do with trading this model.
|
||||||
|
|
||||||
|
Recap
|
||||||
|
|
||||||
|
My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
|
||||||
|
|
||||||
|
Usual Graph Update
|
||||||
|
|
||||||
|
Here's the graph you're used to seeing, and it includes the Close Price (green), delta neutral (blue), gamma neutral (orange) and max pain (blue).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/4lrpvevj5p371.png?width=910&format=png&auto=webp&s=7d8a66d7133074756b822614a74b5389553390e3)
|
||||||
|
|
||||||
|
GME 12/3/2020 - 6/4/2021
|
||||||
|
|
||||||
|
And on a log-based 10 scale:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/w8hji3wc5p371.png?width=910&format=png&auto=webp&s=e6f2d7ff15bb04826059d30df5e473bef9998ff7)
|
||||||
|
|
||||||
|
GME 12/3/2020 - 6/4/2021 - Log Base 10 Scale
|
||||||
|
|
||||||
|
Some people are expecting another drop as the GME price climbs up. The Delta Neutral was at $164 on Friday, and I am projecting that it will climb to $168 by tomorrow, so if the price does dump, don't panic!
|
||||||
|
|
||||||
|
Gamma Maximum
|
||||||
|
|
||||||
|
As I said, I try to read/reply to all your comments and appreciate all feedback/ideas. For this post, I want to highlight one idea by [u/pennyether](https://www.reddit.com/u/pennyether/):
|
||||||
|
|
||||||
|
*"I have a hunch that the price point that has "peak gamma" is more predictive than the point that has "zero gamma". I would be very interested to "peak gamma price point" plotted with the other values.*
|
||||||
|
|
||||||
|
*I think "zero gamma" is overall just indicative of call/put ratio, and how far out they are. It's more of a measurement of "how much are people gambling?".*
|
||||||
|
|
||||||
|
*"Peak Gamma" acts more like magnet in some respects. It's easier to move the price around through price points of high gamma (since each buy or sell is magnified by delta hedging). So if you're just below the peak, buying will push you up slightly more than selling will push you down.*
|
||||||
|
|
||||||
|
Before I show you GME, I wanted to show you the Amazon graph with the "Max Gamma", in a nice red crayon color, and represents underlying price that would achieve the maximum total gamma for the day. I picked Amazon because it's a stock that behaves really well, it has some of the highest underlying equity and options volume on the stock market.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rtcns36a7p371.png?width=910&format=png&auto=webp&s=43fa5f0686002248a5e11f018a4eaf02c096ae87)
|
||||||
|
|
||||||
|
AMZN 12/1/2020 - 6/4/2021
|
||||||
|
|
||||||
|
A couple quick comments:
|
||||||
|
|
||||||
|
- For Amazon, it does seem like the gamma maximum could be acting like a magnet, as [u/pennyether](https://www.reddit.com/u/pennyether/) suggested.
|
||||||
|
|
||||||
|
- It also seems to act like a ceiling for Amazon on a couple points
|
||||||
|
|
||||||
|
So with that here's the GME graph, in all its madness:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tamz8rn28p371.png?width=910&format=png&auto=webp&s=ead72bace85cb8bc461acf3292186c10ee5c5274)
|
||||||
|
|
||||||
|
GME 12/3/2020 - 6/4/2021
|
||||||
|
|
||||||
|
I also zoomed in so you could see the run-up to the January squeeze:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3a3gy4kb8p371.png?width=910&format=png&auto=webp&s=78f250da0d58caa3a196a6e75f48ad2f9f31604b)
|
||||||
|
|
||||||
|
GME 12/3/2020 - 1/24/2021
|
||||||
|
|
||||||
|
I'm really interested to hear about what you see here, and what you think the maximum gamma could represent. I have a few thoughts/observations:
|
||||||
|
|
||||||
|
- It does seem like the gamma max could act like a ceiling, as I showed with Amazon
|
||||||
|
|
||||||
|
- but if the price breaks through the gamma maximum barrier, then it seems like it gives it the power to accelerate the underlying price upwards
|
||||||
|
|
||||||
|
- If so, does that mean the ceiling tomorrow is ~$280 that we have to break through to get to the next level? Maybe? It definitely seems like the latest battles have been centered around $280. Here's hoping we can break through it!
|
||||||
|
|
||||||
|
Just for fun, here's a logarithmic scale showing the maximum gamma from the January squeeze. As you can see, the gamma maximum would have been $12,270,857,810,209,300,000,000,000,000,000 on 1/28/2021.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/kxbmw9gq5l371.png?width=910&format=png&auto=webp&s=4b2f236f63e054d5cb07ccd5d7901929ca008c31)
|
||||||
|
|
||||||
|
Do I think that was really the ceiling? No.... not really... but I have a feeling some will say it's the new "floor" :) I'm guessing it's an infinite glitch as the optimizer tries to find a solution (I know you love that "g" word...).
|
||||||
|
|
||||||
|
Ok that's it for today, see you out there tomorrow! Keep your ideas coming! I love looking at this stuff!!
|
||||||
|
|
||||||
|
*Data Dictionary*
|
||||||
|
|
||||||
|
- 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).
|
||||||
|
|
||||||
|
- 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. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
|
||||||
|
|
||||||
|
Disclaimer: I'm just a person 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. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.
|
@ -0,0 +1,42 @@
|
|||||||
|
The squeeze only starts when the hedge funds are margin called. The whole financial industry is complicit the predatory naked shorting scheme.
|
||||||
|
==============================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Branch-Manager](https://www.reddit.com/user/Branch-Manager/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv3r0i/the_squeeze_only_starts_when_the_hedge_funds_are/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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 first to be margin called (and eventually liquidated to cover their shorts when they fail to meet margin requirements) are the hedge funds...
|
||||||
|
|
||||||
|
They're the small fish. This might cause the price to go into the thousands. The media will put them on blast hoping we believe that once all the hedge funds are margin called that it's over... but this is where it just begins...
|
||||||
|
|
||||||
|
Next will be the market makers and prime brokers who've been "operational shorting" to "provide liquidity to the market." As Wes Christian has explained, these are the big fish, the real mother fuckers. This is Citadell, Bank of America, JP Morgan, etc. They're given privileges to short ETFs, fail to deliver, hide shorts/ fails with options, and to skim profits off retail by front running orders, and used these privileges to collude with hedge funds to manipulate prices by diluting the shares in circulation.
|
||||||
|
|
||||||
|
This is where we could see the price go into the hundreds of thousands....
|
||||||
|
|
||||||
|
But it still ain't over...
|
||||||
|
|
||||||
|
Next in line to cover would be the Clearing Houses (collectively the DTCC). They've been allowing all this to occur because they profit off all that sweet liquidity.
|
||||||
|
|
||||||
|
This is what they've been wanting to avoid and why the FUD/ bots/ shills leading up to this point will seem like a light seasoning compared to the avalanche we'll see the closer we get to this point.
|
||||||
|
|
||||||
|
When the DTCC has to start shelling out, that's when the price could go into the millions/ tens of millions.
|
||||||
|
|
||||||
|
And then the final boss would be the Fed. And don't think for a minute their hands are clean of the blood of the innocent that has been shed by this predatory naked short scheme.
|
||||||
|
|
||||||
|
Expect fuckery at every step of the way, and don't expect all margin calls to happen in one seamless stream; their goal is to never cover. They will try to drag this thing out and shake as many paper hands as possible.
|
||||||
|
|
||||||
|
I posted this as a comment and was encouraged to make it a post for visibility.
|
||||||
|
|
||||||
|
Edit: distinguished margin call from liquidation
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Relevant comment by [u/SpacedSlayer](https://www.reddit.com/user/SpacedSlayer/)**
|
||||||
|
|
||||||
|
Force liquidation is when the squeeze starts. Not a Marge in.
|
||||||
|
|
||||||
|
It's what happens after Marge calls and she doesn't like their tone and answers.
|
54
DD/Margin-Calls/2021-06-08-Whats-Happening-Today.md
Normal file
54
DD/Margin-Calls/2021-06-08-Whats-Happening-Today.md
Normal file
@ -0,0 +1,54 @@
|
|||||||
|
What's happening today - 6/8/2021
|
||||||
|
=================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv6nmj/whats_happening_today_682021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
EDIT 1: There is an issue with Reddit right now and my images are not loading. I've added IMGUR links instead. Furthermore, I cannot see the upvote total for this post, which is still stuck at 1.
|
||||||
|
|
||||||
|
EDIT 2: The comments in EDIT 1 seem to be fixed now. I also added an example of how the additional deposit could have been made in shares rather than cash. This would force the short seller to buy enough shares to meet their new margin requirement. Otherwise, it was a legitimate margin call to cover a short position.
|
||||||
|
|
||||||
|
________________________________________________________________________________________________________________
|
||||||
|
|
||||||
|
There are significantly underfunded short positions on GME. With the recent spikes in price, it puts an even bigger strain on these positions because they must deposit more money to keep their accounts current with the new price. I'll use some simple numbers to describe what this means.
|
||||||
|
|
||||||
|
If you have $100 in a deposit account to "cover" your short position and the price skyrockets, you must make an additional deposit to meet the new price. So the account holder will deposit an additional $20 to make their account current. To do this, the short seller can either deposit shares or cash in their account. If you cannot meet this requirement, a [margin call](https://www.investopedia.com/terms/m/margincall.asp) will occur. I believe the uptick in volume this morning resulted from short sellers purchasing enough shares to meet the new requirement. It could also be from them covering the position, directly. I could be wrong but the outcome is still the same. Take a look: <https://imgur.com/vdzZUaa>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qg1iw979a2471.jpg?width=1891&format=pjpg&auto=webp&s=0bd6b0348a886d8fd229f23a213028d94991b8fa)
|
||||||
|
|
||||||
|
We had at least 2,000,000 shares traded within 20 minutes which boosted the price by roughly $45. This means there are now MORE positions which are underfunded and must make additional deposits to meet the increase in exposure. Ergo, we should have a domino effect. The "sideways" trading occurs between these purchase periods because retail investors continue to diamond hand their stonk.
|
||||||
|
|
||||||
|
____________________________________________________________________________________________________________
|
||||||
|
|
||||||
|
What does this mean? Volume upticks like this will drive the price up. Once that spike is over, the price will trade sideways (basically) until another volume spike occurs. We know this because apes basically forgot how to use the sell button. This will send the price up again. Rinse, wash, repeat.
|
||||||
|
|
||||||
|
However......
|
||||||
|
|
||||||
|
Think back to the House of Cards - Part III. Remember the example I gave of Goldman Sachs when they were being "bought in"? What did they do?
|
||||||
|
|
||||||
|
They shorted EVEN MORE than they purchased on that day to keep the price down. As I am writing this, it is literally happening with GME.
|
||||||
|
|
||||||
|
<https://imgur.com/abvlt1L> (pictures AND links are really f*ckey with Reddit right now)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lxhaj37aa2471.jpg?width=1902&format=pjpg&auto=webp&s=c5d787fa3fdcd6cc783da7c052338821129d9874)
|
||||||
|
|
||||||
|
I honestly do not believe this is retail selling, but rather, a flash-crash to drive the price down. I wrote about it in Citadel Has No Clothes when it happened on March 10th. I would have a hard time believing this a few months ago, but after seeing Goldman Sachs get caught doing the same exact thing, it's become obvious: this is their textbook move. The goal is to return the price to a point it was at prior to the increase this morning. Obviously, this will prevent more market makers & broker-dealers from having to make additional deposits.
|
||||||
|
|
||||||
|
This is not normal behavior and is HIGHLY unlikely that retail is responsible. Prepare for EXTREME volatility and know that these actions are performed to prevent OTHER BROKER-DEALERS from being margin called.
|
||||||
|
|
||||||
|
As you continue to hold, THEIR problem will become worse and worse. It will ONLY work if you sell. Once the short attack is over, you should see the price rebound. We know that $350 has been a dangerous point for them because they triggered a flash crash at $350 on Mar10 (Mario day). Low and behold, they *done-did-it* again
|
||||||
|
|
||||||
|
<https://imgur.com/NnLH3We>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d813st4ba2471.jpg?width=1893&format=pjpg&auto=webp&s=e0080c01e8e2a8061c2f771bf4ba9aedf10cf79c)
|
||||||
|
|
||||||
|
To me, this is us catching them in their lies. There would be NO NEED for this if their positions were covered. It is blatant market manipulation and we are SUFFOCATING THEM.
|
||||||
|
|
||||||
|
DIAMOND.F*CKING.HANDS
|
||||||
|
|
||||||
|
*Not financial advice*
|
@ -1,6 +1,6 @@
|
|||||||
WHERE ARE THE SHARES?? A Beginner's Guide to Hiding 100 Million FTDs - (FINAL)
|
# WHERE ARE THE SHARES?? A Beginner's Guide to Hiding 100 Million FTDs - (FINAL)
|
||||||
|
|
||||||
==============================================================================
|
---
|
||||||
|
|
||||||
| Author | Source |
|
| Author | Source |
|
||||||
| :-------------: |:-------------:|
|
| :-------------: |:-------------:|
|
@ -0,0 +1,194 @@
|
|||||||
|
RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 2) Resurrected
|
||||||
|
==============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) resurrected by [u/VoxUmbra](https://www.reddit.com/user/VoxUmbra/)| [Reddit](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
[[Part 1]](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/)
|
||||||
|
|
||||||
|
[[Part 3]](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/)
|
||||||
|
|
||||||
|
Hi all,
|
||||||
|
|
||||||
|
There were a lot of apes in the daily discussion thread wondering why the DD by [/u/leavemeanon](https://www.reddit.com/u/leavemeanon/) was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to <https://camas.github.io/reddit-search>), which I'll be shamelessly reposting as there seems to be some demand:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pbclog2zbj371.png?width=800&format=png&auto=webp&s=6c8fe49a4a3fb88e4e1fb98b9160acf4c39ef473)
|
||||||
|
|
||||||
|
So, without further ado:
|
||||||
|
|
||||||
|
-----
|
||||||
|
|
||||||
|
Acronym Index and Glossary
|
||||||
|
|
||||||
|
Because I always wish the SEC included these, for the Fed if nothing else
|
||||||
|
|
||||||
|
ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) - Simply put, ETFs are a hybrid between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. For example, SPY is an ETF with a portfolio designed to mimic the S&P 500 index.
|
||||||
|
|
||||||
|
NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Regarding ETFs, the NAV is the value of the underlying, as opposed to the trading price of ETF shares.
|
||||||
|
|
||||||
|
FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD.
|
||||||
|
|
||||||
|
AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)....When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV)."
|
||||||
|
|
||||||
|
MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way.
|
||||||
|
|
||||||
|
HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds...In addition to the high speed of orders, high-frequency trading is also characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial."
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
TLDR:
|
||||||
|
|
||||||
|
Various "financial instruments" can be combined to create *synthetic* positions. These often include options, and, with respect to the positions they aim to "synthesize", they are frequently cheaper and carry the benefit nondisclosure. [This SEC risk alert from 2013](https://www.sec.gov/news/press-release/2013-151) discusses the potential for the combination of 'profit and nondisclosure' to promote dishonest (and possibly fraudulent) bookkeeping. This post discusses these positions, the bookkeeping tricks, how hedging is involved, and how it might all relate to GME.
|
||||||
|
|
||||||
|
If you like taking things apart to see how they work, you're in the right place. If you prefer to throw things at the wall to see how they break, the final chapter should be done in a day or two. It's the coolest, imo
|
||||||
|
|
||||||
|
A Step Back
|
||||||
|
|
||||||
|
This post contains the second of 3 chapters. [Chapter One, on ETF arbitrage](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), discussed AP's crucially important role in supplying market liquidity, their reliance on ETFs to fulfill this role, and the 20 million share tip of the Glacier that merely the *reported* ETF shares outstanding represent.
|
||||||
|
|
||||||
|
It was technical and complicated, I know (there were some fantastic questions in the comments, however, so keep em coming). Unfortunately, this post, too, is technical and complicated. And long. Imo, I *have* to start with the boring stuff, because, frankly, the *very fact* that it is so boring is partially what makes it so dangerous. Chapters One and Two examine the moving parts. Chapter 3 will zoom out and look at the whole machine.
|
||||||
|
|
||||||
|
To be clear, I am *very intentionally* presenting the information in this specific order - from granular to grand. *Everyone* knows something is wrong when you see smoke, but to truly understand the problem, you *must* try to understand the moving parts. Otherwise, when the machine's owner shows up and says - *ehh, it was steam* - you might go back to work and end up smelling like smoke for 6 months. Or worse.
|
||||||
|
|
||||||
|
Keeping that in mind, I hope you stick with me - it will make sense in the end.
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
If you grudged through [Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), hopefully you got a sense of how APs oversee the markets like a referee, moving shares from ETFs into securities (and vice versa) to meet demand wherever it shows up. [This post, by u/made_thisforhelp](https://www.reddit.com/user/made_thisforhelp/comments/nqq7t6/response_to_uleavemeanon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) brilliantly explains this process with a simple example.
|
||||||
|
|
||||||
|
APs have a responsibility to meet increases in buying or selling pressure via so-called *liquidity provision* mechanisms, and, "Traditionally, authorized participants are large banks, such as Bank of America (BAC), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS)." - Investopedia.
|
||||||
|
|
||||||
|
Citadel Securities, LLC is *also* an AP in many markets, and before discussing them further, I think it's vital to consider them in light of a few important facts -
|
||||||
|
|
||||||
|
1)Citadel Securities takes pride in being able to "provide continuous liquidity - every second of every trading day." per their founder. They take this responsibility very seriously, and through arbitrage, it is *extremely* profitable for them.
|
||||||
|
|
||||||
|
2)Citadel Securities is among the largest, if not [THE largest](https://www.insidermonkey.com/blog/10-biggest-hft-firms-in-the-world-586528/?singlepage=1) HFT firm in the world. They handle that remarkable volume with lines of code stuffed into black boxes - stacked by the thousands in some data center - monitoring exchanges around the world and trading in microseconds to net pennies on price discrepancies through arbitrage.
|
||||||
|
|
||||||
|
3)Liquidity provision (the providing of liquidity) regulations were written by the SEC, and I *highly* doubt that all of the provisions (*and* their amendments) were proposed internally. It is far more likely that big banks (who had watched Citadel do this for years before the SEC gave in and let them have HFT desks) and Citadel suggested the changes be made to improve their *beloved* liquidity power. Naturally, they omitted the 'free money' part.
|
||||||
|
|
||||||
|
To be fair, I don't know wether the SEC was complicit with, or ignorant to, the implications that this level of control over liquidity provide. Either way, Citadel is not just Ken standing on a balcony and yelling out trades. A "citadel" is, by definition, a *fortress* - in this case the fortress is some data center. They make money by filling your buy order with a cheaper version of whatever you're buying. That *is* arbitrage: buy low, sell high.
|
||||||
|
|
||||||
|
These facts are important to consider in unison. When buyers flood the markets - arbitrage provides a profit opportunity, HFT is designed to seize that opportunity as many times as possible, and the SEC calls that opportunity a *responsibility* in the name of providing liquidity.
|
||||||
|
|
||||||
|
In practice, when liquidity is needed, the black boxes monitor markets and look for arbitrage profit opportunities. This is what the black boxes are told to do. My last post discussed one of these opportunities via ETF creation/redemption, and here I discuss another: options.
|
||||||
|
|
||||||
|
Chapter Two: Options and Hedges
|
||||||
|
|
||||||
|
The 3 Levels
|
||||||
|
|
||||||
|
If you read the intro, I apologize for rambling on about Citadel but this is why I did it -
|
||||||
|
|
||||||
|
We're about to get down and dirty and it might get dense pretty quick, so while you're flexing that wrinkle try to pretend you are *the eye of Citadel* - an etherial codebender controlling a Market Maker, Authorized Participant, and the biggest, fastest HFT firm on the block - you oversee the markets, create the spreads, and distribute liquidity where its needed - all the while looking for split-second arbitrage opportunities to profit from.
|
||||||
|
|
||||||
|
Also some of you apes are probably levels beyond this stuff so read (or not) as you please
|
||||||
|
|
||||||
|
Level 1
|
||||||
|
|
||||||
|
A single options contract has a value, called a premium, that is derived from the price movements in some security. Options are bets for/against a stock's trading price to reach some strike price by a set expiration date. You can bet it'll go up (call) or you can bet it'll go down (put). Note though - these are *contracts*, not stocks - they have an assigned expiration date and their ownership is bilateral, meaning every contract, until settled, represents open interest between the two parties.
|
||||||
|
|
||||||
|
Specifically, a call option is the right to *buy* 100 shares for the strike price and a put option is the right to *sell** 100 shares at the strike price. And because these are contracts, positions can be opened by buying *or* selling a call *or* put.
|
||||||
|
|
||||||
|
Those are the four trades in Level 1 of this hierarchy I just made up. Buy/Sell a Call/Put. It's the most innocuous level, yet its important. Consider *selling* a call - the buyer owns the right to buy 100 shares, meaning you have an *obligation* to deliver those 100 shares.
|
||||||
|
|
||||||
|
Some traders mitigate the risk of this obligation by "covering the call", leading me to -
|
||||||
|
|
||||||
|
Level 2
|
||||||
|
|
||||||
|
["Covering a call"](https://www.tastytrade.com/definitions/covered-call) is a hedge against the sale of a call. A simple example to follow will make this smoother -
|
||||||
|
|
||||||
|
Call seller (S) simultaneously sells a call for XYZ and buys 100 XYZ shares. This way, S can deliver the 100 shares if the call buyer (B) exercises the call option. If B does *not* exercise the call because the price of XYZ fell, S sells the XYZ he bought to "cover" for a net loss (that is equal to the premium he received for selling the call.
|
||||||
|
|
||||||
|
(( Note that the *premium* B payed for the option is calculated such that this "covered call" position is perfectly hedged. ))
|
||||||
|
|
||||||
|
In English, options can be hedged with shares. In fact, [delta-gamma hedging](https://www.investopedia.com/terms/d/deltagamma-hedging.asp#:~:text=Delta-gamma%20hedging%20is%20an%20options%20strategy%20that%20combines,refers%20to%20the%20rate%20of%20change%20of%20delta.) is common Market Maker practice.
|
||||||
|
|
||||||
|
P.s.) if you've ever heard the term "gamma squeeze", this is what the "gamma" refers to. Rapid call buying forces Market Makers to buy shares to hedge, and the buying pressure forces the price up. P.s.s.) Calls *expiring* ITM/OTM, as far as I understand, shouldn't really matter unless those investors are buying more calls to extend their position, or... the marker maker is a little late on hedging..
|
||||||
|
|
||||||
|
Level 2 is the bilaterally hedged option - using (s) to hedge position (L) or vice versa
|
||||||
|
|
||||||
|
Buying calls is a long position (L), its bullish. Thus, selling calls is a short position (s).
|
||||||
|
|
||||||
|
Conversely,
|
||||||
|
|
||||||
|
Buying puts is a short position, its 🌈🐻ish. Thus, selling puts is a long position.
|
||||||
|
|
||||||
|
The nature of the options position (L)/(s) determines the nature of its hedge, and the hedge can consist of a (L)/(s) trade in the security *or* the option.
|
||||||
|
|
||||||
|
For example, S sells *puts* (L) on XYZ. He can hedge this position by shorting x number of XYZ shares (s), selling XYZ calls (s), or buying XYZ puts. The *degree* of the hedge would depend on the strike prices (or x).
|
||||||
|
|
||||||
|
Market Makers are constantly hedging against options trades. Its another responsibility they enjoy. Because, through arbitrage, any trade they're responsible for is a potential profit opportunity.
|
||||||
|
|
||||||
|
The essence of hedging is combining a long position with a short position. Well that's pretty broad so let's step it up a notch to -
|
||||||
|
|
||||||
|
Level 3
|
||||||
|
|
||||||
|
The compound hedges. The synthetic positions. If you're still reading after that last section, I'll just save you the headache on this one.
|
||||||
|
|
||||||
|
Just know a few things. Generally, that (L) hedges (s) and vice versa - and (L)/(s) could be any combination of options, equities, etc. Also, "synthetic positions" mimic the risk profile of other positions, and creating a synthetic position is often cheaper than closing a real one.
|
||||||
|
|
||||||
|
Oh and one last thing, **[any shares CLOSED FUNDS use for hedging are NOT reported, as of July 1, 2000](https://www.sec.gov/news/press-release/2018-291).
|
||||||
|
|
||||||
|
Naturally, it's in the fine print at the bottom. [This article](https://capitalmarkets.lockelord.com/2019/01/02/secs-new-rules-on-hedging-disclosure/) discusses, however:
|
||||||
|
|
||||||
|
"The SEC excluded closed-end funds from the requirements of Rule 407(i). It noted that the special structure, regulatory regime and disclosure obligations of registered closed-end funds makes the new disclosure requirements less useful to fund investors."
|
||||||
|
|
||||||
|
lol how dare disclosure and regulation made something less useful
|
||||||
|
|
||||||
|
"In addition, the SEC noted that the compensation scheme often associated with closed-end funds is either inapplicable to the new disclosure requirements (as shares are not typically a component of incentive-based compensation), or if compensation does occur in the form of shares, it is often difficult to hedge these shares. Thus, Congress' concern about the undermining of the objectives of long-term compensation through hedging is unlikely to be raised in the case of closed-end funds."
|
||||||
|
|
||||||
|
Not sure what the "compensation scheme" was/is, but I'd guess it's either [front running](https://www.investopedia.com/terms/f/frontrunning.asp#:~:text=Key%20Takeaways%201%20Front-running%20is%20illegal%20and%20unethical,reasoning%20behind%20it.%20Transparency%20and%20honesty%20are%20key.) with HFT or the arbitrage/liquidity provision stuff.
|
||||||
|
|
||||||
|
Oh, and unless the big banks swallow the profit and file their HFT trading desks as separate, closed funds - there's only one big league AP with a closed fund: Citadel Securities.
|
||||||
|
|
||||||
|
Here They Are
|
||||||
|
|
||||||
|
If, like me, you've lurked on [r/superstonk](https://www.reddit.com/r/superstonk/) for a while, you probably remember seeing some stuff about some weird puts or something. I can't see into the past, but we can try to break things down a little -
|
||||||
|
|
||||||
|
[GME options data](https://www.barchart.com/stocks/quotes/GME/options) is.. well, just go look at it.
|
||||||
|
|
||||||
|
I've been watching it for a while and I can tell you - there are far more expiration dates (potential contracts) right now than there were 3 weeks ago. The suspicious dates, however, are 7/16 and 1/21/22.
|
||||||
|
|
||||||
|
The open interest (OI, total number of contracts yet to be settled) for puts expiring on those two dates is over 650,000. Multiples of other dates.
|
||||||
|
|
||||||
|
Even weirder, almost 350k of that OI is at $0.50 and $1.00 strike prices. Those strikes prices don't even exist on any other dates.
|
||||||
|
|
||||||
|
*So what can this mean?*
|
||||||
|
|
||||||
|
Who tf knows. It is really weird, I'll say. I mean, can those puts even *be* relevant at $0.50?...
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Well, [this SEC risk alert from 2013](https://www.sec.gov/news/press-release/2013-151) discusses one way they could be. This is highly speculative, but, I think, worth mentioning.
|
||||||
|
|
||||||
|
That document discusses two (illegal) practices in regard to covering short positions with options. Buy-Writes and Married-Puts.
|
||||||
|
|
||||||
|
Apes sniffed Buy-Writes out pretty quick, which I'd imagine pissed somebody off beyond belief. The Buy-Writes were those deep ITM calls that were executed immediately, and they functionally serve to rent the Market Maker's 35 day FTD extension to some firm that was short.
|
||||||
|
|
||||||
|
The FTD settlement dates are reviewed in that document, too - T+3,6 or 35 calendar days. But I just wanna note, directly after a social media avalanche and GME on the news everyday, whoever (Citadel or not), was conducting those Buy-Writes either has titanium balls or is painfully desperate. I mean I found that at the top of the search page.
|
||||||
|
|
||||||
|
So Buy-Writes are sneaky-ish and add 35 days, but Married Puts work slightly differently. From what I can tell, they're less honest, harder to prove, and can roll FTD's over indefinitely. Yeah...
|
||||||
|
|
||||||
|
To prevent a FTD, a firm buys a put (s) *and* XYZ shares (L) to hedge. The firm uses the XYZ shares to settle the fail, but on the books they're still marked as married to the put. The firm can then sell the shares (again), keep the put, and maintain the short position until the puts expire.
|
||||||
|
|
||||||
|
This leaves the put behind, though. So could those 350k cheap puts be *divorced* puts?
|
||||||
|
|
||||||
|
I kinda doubt it, but barchart let's you see each contract's price history, and I think it's worth mentioning that over half of those 350k puts at $0.50/$1.00 were purchased between Jan 24 and Feb 2. And these worthless puts *increased* in price by up to 1000% during that time.
|
||||||
|
|
||||||
|
That's a lot of demand for worthless puts, and considering the only real function of the *put* in Married-Puts is a placeholder to prevent a FTD - if I were short 100 million GME shares, I might buy as Married-Puts as I can, as cheap as I can, just so I can resell the shares and prevent the losses.
|
||||||
|
|
||||||
|
Also, "put options can be extended very cost-effectively. If an investor has a six-month put option on a security with a determined strike price, it can be sold and replaced with a 12-month put option with the same strike price. This strategy can be done repeatedly and is referred to as rolling a put option forward." - [Investopedia](https://www.investopedia.com/articles/optioninvestor/07/affordable-hedging.asp)
|
||||||
|
|
||||||
|
For this reason (and this is highly speculative), the high activity on puts at such low, OTM strike prices, could suggest involvement in a larger open position. Possibly a position from years ago, when some group of people thought they could profit from selling 35 million GME shares at 50 cents each.
|
||||||
|
|
||||||
|
Honestly I'm not sure, and I don't think it matters all that much.
|
||||||
|
|
||||||
|
Don't forget that a share recall sucks everything back in. All the IOUs, the positions rolled forward, the shares re-re-reborrowed...
|
||||||
|
|
||||||
|
You know, when I started down this rabbit hole, I thought the best answer to the question would be some complicated formula or 300 page document. I no longer think this. These detailed hiding places show that it's *possible* to hide shares. All I've done is confirm what you already know - they can put shares wherever they please and never tell anyone.
|
||||||
|
|
||||||
|
In fact, that *is* liquidity. Credit. Flexibility. That's why, I think, the answer to the problem may have looking us right in the face since January.
|
@ -0,0 +1,382 @@
|
|||||||
|
RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 3) Resurrected
|
||||||
|
==============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) resurrected by [u/VoxUmbra](https://www.reddit.com/user/VoxUmbra/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
[[Part 1]](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/)
|
||||||
|
|
||||||
|
[[Part 2]](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/)
|
||||||
|
|
||||||
|
Hi all,
|
||||||
|
|
||||||
|
There were a lot of apes in the daily discussion thread wondering why the DD by [/u/leavemeanon](https://www.reddit.com/u/leavemeanon/) was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to <https://camas.github.io/reddit-search>), which I'll be shamelessly reposting as there seems to be some demand:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cac5evmlcj371.png?width=800&format=png&auto=webp&s=167ecf5eb769ad66b6e700dec4c01ab5451f47ef)
|
||||||
|
|
||||||
|
So, without further ado:
|
||||||
|
|
||||||
|
-----
|
||||||
|
|
||||||
|
TLDR:
|
||||||
|
|
||||||
|
The system is rigged in favor of HFT firms. Because computers are really good at finding derivatives for cheap to hedge sales for profit, naked short selling is no longer *part* of the system, it is the system, short term, over and over and over. What we're seeing might be the product, and possibly the unraveling - of that system.
|
||||||
|
|
||||||
|
Man that was melodramatic. Hey, I wouldn't believe me either, to be fair. I still really don't believe it.
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Acronym Index and Glossary
|
||||||
|
|
||||||
|
*Because I wish the SEC would include these, for the Fed if nothing else...*
|
||||||
|
|
||||||
|
ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) -
|
||||||
|
|
||||||
|
This is a more detailed explanation than the rest, because ETFs are *incredibly* important to understand.
|
||||||
|
|
||||||
|
An *Exchange-Traded-Fund* is a fund who's portfolio holdings is represented and traded on open exchanges via shares of the fund: ETF shares. Simply put, ETFs are hybrids between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. The fund's portfolio is typically designed to track some index or sector. Thus, an investor with some opinion about the ETF's portfolio can trade the ETF shares to eliminate some of the risks involved in trading single equities.
|
||||||
|
|
||||||
|
The *price* of ETF shares is determined at market value, based on their trading in the market - like any equity stock. The *value* of ETF shares is called their NAV, and when NAV differs from price (which is always true in some ETF, somewhere in the world), a profit opportunity exists via arbitrage (see [Chapter 1 for more](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf).
|
||||||
|
|
||||||
|
ETFs also provide a source of dynamic liquidity in the markets. This is because Authorized Participants (APs), acting as 'referees', oversee the markets and allocate supply to meet demand. APs are authorized to *create/redeem* ETF shares *with/for* representations of the ETF's portfolio. This mechanism is integral to liquidity provision, and helps align ETF share prices with their NAV.
|
||||||
|
|
||||||
|
The "creation/redemption" mechanism mentioned above is the bridge between *ETF shares*, "*liquidity*", and *particular securities*. For example:
|
||||||
|
|
||||||
|
Say demand increases for security XYZ, thus increasing the trading price of XYZ shares. XYZ's increased price might mean that NAV > "trading price" for some ETF containing XYZ. APs, who are are responsible for providing supply of XYZ, can then redeem a "basket" of value equal to 50,000 ETF shares in exchange for 50,000 shares representative of the ETF's portfolio. Only APs are authorized to do this.
|
||||||
|
|
||||||
|
Don't let the numbers and letters confuse you, it's simpler than it sounds. For an AP: 50,000 ETF shares = 50,000 individual security shares in *price,* but not in value. When they differ in value, the AP can profit. Of course, the liquidity responsibility ensures that the AP is always buying the cheaper of the two and exchanging for profit. SPY is an ETF with a portfolio designed to mimic the S&P 500 index; XRT is designed to track the retail sector.
|
||||||
|
|
||||||
|
NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Functionally, for ETFs, the NAV is the value of the fund's portfolio, and because ETFs are only rebalanced a few times yearly, the *market price* of shares trading on open exchanges often differ from the NAV of those shares.
|
||||||
|
|
||||||
|
FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. FTDs should be rare, because they can build up and cause systemic issues, [as Patrick Byrne explains](https://youtu.be/I0WXg5T3cBE).
|
||||||
|
|
||||||
|
AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)....When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV)." APs include Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, and Citadel Securities. [BlackRock describes](https://youtu.be/iX7fOx5G40A) APs as referees, monitoring markets to allocate demand to meet supply - resulting in better liquidity and decreased volatility.
|
||||||
|
|
||||||
|
MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. The are similar to APs in that they both monitor markets and ensure trades have counter-parties, however, the MM acts as a primary source of the APs information - MMs quote bid/ask spreads, and APs react to these spreads (in real time). This allows the MM to have more direct access to (and influence over) bid/ask quotes in their particular markets, however they rely on the AP to provide market liquidity via ETF creation/redemption.
|
||||||
|
|
||||||
|
HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds...In addition to the high speed of orders, high-frequency trading is also characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial." This is *how* MMs and APs profit from volume, HFT algorithms scan for arbitrage opportunities.
|
||||||
|
|
||||||
|
OTM/ITM - [Out of the Money / In the Money](https://www.investopedia.com/ask/answers/042715/what-difference-between-money-and-out-money.asp) - ITM/OTM refers to an option's strike price in relation to the underlying's trading price. ITM options hold inherent value (ITM call = strike < trading price; ITM put = strike > trading price). OTM options have no inherent value and expire worthless (OTM call = strike > trading price; OTM put = strike < trading a price). There is also *deep* ITM/OTM. This simply means the option's strike price is relatively *distant* from the underlying's trading price. Options with strikes *near* the underlying's trading price are said to be At-the-Money (ATM).
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Prior Chapters
|
||||||
|
|
||||||
|
[CHAPTER 1: ETF ARBITRAGE](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[CHAPTER 2: OPTIONS AND HEDGES](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
Preface
|
||||||
|
|
||||||
|
First of all and for the record, this ape loves his country 🇺🇸. I have no doubt that some apes love their's more, and I'd say that's awesome. I'd probable even say *c'est bonne* (and be rightfully mocked)
|
||||||
|
|
||||||
|
It's *because* I love my country, that I am concerned. Deeply.
|
||||||
|
|
||||||
|
And despite the fact that my *entire* understanding of the financial system is merely 6 months old and limited to what I can find online - there are much older, much wiser, and much warier opinions than mine. Tendies or not, I absolutely do not wish for disaster or advocate wishing for disaster.
|
||||||
|
|
||||||
|
Secondly, I really don't advocate for *anything* except using your own brain, shiny or not, to come to your own conclusions. None of this, including my previous posts/comments, is financial advice or intended to be defamatory in any way.
|
||||||
|
|
||||||
|
This series is essentially a brain-dump - resulting from my attempts to identify what the hell, *exactly*, has been going since January.
|
||||||
|
|
||||||
|
*Why listen to me?* - You shouldn't. Not at face value at least. I have no special insight nor expertise. I like logic and puzzles. That's all.
|
||||||
|
|
||||||
|
I may have gone wrong here, way way off even - I'm just not exactly sure how. *insert Michael Burry - 'Big Short' quote* So if you find holes to punch, *please*, punch away. We're all learning here. And frankly, in many ways, I'd love to be wrong on this.
|
||||||
|
|
||||||
|
Chapter 3: The Machine
|
||||||
|
|
||||||
|
Where we Stand
|
||||||
|
|
||||||
|
[Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dove into ETFs, and the ever-growing role they play in market liquidity. In principal, the relationship between ETFs/underlying securities is like a hydraulics system. Securities have some of their supply distributed in various ETFs, and the buying pressures in these different markets are the pistons *squeezing* their respective market's liquid. As pressure (demand) builds in a given market, APs can dial pressure up in the ETF markets to force liquid wherever it's needed. *APs can only add pressure.* They cannot reduce buying buying pressure, except indirectly by providing supply.
|
||||||
|
|
||||||
|
This *pressure control* system is vial to keeping markets at bay and keeping ETFs aligned with their NAV. Overall, these are good things.
|
||||||
|
|
||||||
|
Chapter One explained the *mechanism* behind that *pressure control* system, and how APs profit from it through arbitrage: if there are price discrepancies between ETF shares and their underlying, APs are profiting on it.
|
||||||
|
|
||||||
|
[Chapter Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) looked at options trading and its role in hedging. Both equites and options have Market Makers that hedge their sales with options, and I mentioned the fact that options create "synthetic positions" that mimic the returns of some other position. This creates yet another arbitrage opportunity, as price discrepancies in the synthetic positions and their *analogs* can be profitable.
|
||||||
|
|
||||||
|
A few apes mentioned in chapters [One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that a certain... (*don't say je ne sais qoui, don't say je ne sais quois*...) 'something' was missing. Like trying beer for the first time and it's flat. I'm sure others knew what I was hinting at, and I'm sorry if it felt like I was pandering. I'm going for *no ape left behind*, and I think the overall machine is far better understood in light of it's inner workings.
|
||||||
|
|
||||||
|
Je Ne Sais Quois
|
||||||
|
|
||||||
|
Okay all five question words let's go -
|
||||||
|
|
||||||
|
*Who?*
|
||||||
|
|
||||||
|
Citadel, *en masse*: an Authorized Participant, Market Maker, Broker Dealer, Hedge Fund, and probably a dozen other things including (probably) the world's largest HFT firm. They account for [almost 30% of ALL U.S. equities volume and almost half of retail volume](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/). Oh and in 2020 they paid RobinHood (10x more than any other brother) for order flow, buying the rights to clear over 60% of RobinHood's trades. (can't post RH link)
|
||||||
|
|
||||||
|
*What?*
|
||||||
|
|
||||||
|
Wallstreet's God. Naturally, they adopted the triumvirate of Father Fed, the many (some prodigal) Sons, and the Holy Ghost of Liquidity - always there in the background to fill your purchase orders. Yeah, Citadel accounts for close to half of that Liquid Holy Ghost.
|
||||||
|
|
||||||
|
*When?*
|
||||||
|
|
||||||
|
For the last 5 years at least, but particularly in January 2021, and *specifically* on January 27th. Ken stated in the [Congressional Hearing](https://youtu.be/lxdp-wU3UZI) that, "on Wednesday, January 27, we executed 7.4 billion shares for retail investors."
|
||||||
|
|
||||||
|
*Where?*
|
||||||
|
|
||||||
|
Primarily on RobinHood, I'd imagine. At first, at least. Then, a few nanoseconds later, processed through Citadel's network of black boxes to find a better price than you, then sell to you.
|
||||||
|
|
||||||
|
*How?*
|
||||||
|
|
||||||
|
THIS is why I started with the boring details.
|
||||||
|
|
||||||
|
I get to skip this part. Arbitrage is how. Via ETF, forced hedging, all those ways we went through
|
||||||
|
|
||||||
|
now for the coolest, most ignored question word
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Why?
|
||||||
|
|
||||||
|
( With a splash of how? )
|
||||||
|
|
||||||
|
Arbitrage is great, but it has one major problem. It doesn't make very much money, *per trade*. You're only netting small differences, because these arbitrage trades *should* be for equal things. The only reason arbitrage works is because of inefficiencies in pricing. This is where arbitrage meets its best friend: High Frequency Trading.
|
||||||
|
|
||||||
|
[Investopedia](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) includes four types of arbitrage among the 6 listed money-making strategies, one of which is *volatility* arbitrage. I think Ken said it in the Congressional Hearing, but I'm not sure -
|
||||||
|
|
||||||
|
HFT firms make SIGNIFICANTLY more money in VOLATILE markets.
|
||||||
|
|
||||||
|
I mean I can't believe I have to point this out, someone must be saying something, but this creates a CLEAR CONFLICT OF INTEREST when the HFT firm is an Authorized Participant.
|
||||||
|
|
||||||
|
*Why?* because, APs CONTROL THE LIQUIDITY in the ETF market, and, indirectly, the markets of the underlying securities.
|
||||||
|
|
||||||
|
Maximum volatility = maximum profit per arbitrage trade = *$$$$$$$$* for HFT/AP firms
|
||||||
|
|
||||||
|
It's a simple move and I mean - just pick a couple of GME's ETFs and look at ownership since 2015, I'd guess it's up 500% on average, probably more. Whether this was natural (as underlying price decreased) or intentional, I don't know. *But*, if there happens to be both 1) more volume in the underlying than in the ETF and 2) underlying NAVs consistently dropping lower than ETF price, APs have an opportunity for massive profit.
|
||||||
|
|
||||||
|
So to earn that $200m bonus, you look for an ETF with *just* the right blend of wimpy and popular. Then have your trading firm buy ETF all day, or turn the AP's "gobble ETF shares" dial up a few notches, maybe tell your buddies how cool the fund is, anything you can to increase buying in the ETF. AP is *required* to siphon supply from the underlying to meet the ETF demand.
|
||||||
|
|
||||||
|
Easy. Done.
|
||||||
|
|
||||||
|
Over time, your own ETF buying increases the price of your own holdings. And these are *funds*, they're meant to be stable. And many of them are illiquid - so when ETF buyers show up, APs likely *need* to siphon underlying shares. All this *siphoning* makes the underlying more volatile, so when you're responsible for putting the shares back to meet demand, you can take your sweet time and suck as much money as possible from regular investors. Every millisecond counts.
|
||||||
|
|
||||||
|
And as long as you keep buying ETF, or convincing someone to buy ETF, after each ETF rebalancing, the ETF inflation will dictate that ETF > NAV, *forcing* you, as an AP, to buy underlying until they equate (then maybe you buy again). I think you can see how this quickly becomes a vicious cycle.
|
||||||
|
|
||||||
|
Do I sound crazy yet? Oh, *long time ago?* I know, I've felt crazy for weeks. I cannot prove that this happens, I can only say that the system exists such that it is possible, and very profitable. And frankly it's very likely that the cycle is a natural byproduct of increasing interest in ETFs. Whether or not it's intentional:
|
||||||
|
|
||||||
|
"ETFs have grown to $131.2 billion in assets under management by 2016, up from only $3.9 billion in 2007 representing a growth rate of 3300% over ten years."
|
||||||
|
|
||||||
|
That information is remarkably hard to find, but [this Harvard paper](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf) mentioned it.
|
||||||
|
|
||||||
|
Oh wait, lol no it's not hard to find - Statista (not sure if reliable but looks legit) reported -
|
||||||
|
|
||||||
|
"he assets under management (AUM) of global ETFs increased from 417 billion U.S. dollars in 2005 to over 7.7 trillion U.S. dollars in 2020. The regional distribution of the AUM of ETFs was heavily skewed towards North America, which accounted for around 5.6 trillion U.S. dollars of the global total."
|
||||||
|
|
||||||
|
Holy Liquidity Mother of Fed, that is a f*cking ton money. 5.6 TRILLION DOLLARS worth of North American stocks trading instead in ETFs. All that illiquidity, all that volatility...* see what I mean?
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
GameStop, The Machine, and The House of Cards
|
||||||
|
|
||||||
|
I took some Philosophy in college. Non-metaphorically, even. And if you've ever taken a Philosophy class, you've likely asked yourself why everyone in it thinks everything has to be an argument all the time.
|
||||||
|
|
||||||
|
Well, as I would for my apes, I'll stand up for my fellow philosophers by saying that sometimes - and *particularly* when you don't know what the hell you're talking about - the safest way to move forward is to:
|
||||||
|
|
||||||
|
First, break things down into facts, or get as close as possible.
|
||||||
|
|
||||||
|
(Descartes currently holds the record at one... though, naturally, it's disputed. Getting all the way to 0 earns you a clinical diagnosis, and trying to prove it earns you *at least* one more, and possibly a PhD)
|
||||||
|
|
||||||
|
Then, use logic, as best as you can, to propose *new facts* based on the old facts. They call these new facts 'conclusions', I think. Or 'heresy', maybe, depending.
|
||||||
|
|
||||||
|
The *goal* of an argument, formally, is to reach a valid conclusion. The *utility* of these conclusions is... something non-philosophers bother with.
|
||||||
|
|
||||||
|
Valid conclusions are reached by using facts and logic mathematically. If the facts are verifiable and the logic is sound, the conclusion is valid.
|
||||||
|
|
||||||
|
So why is everyone always arguing? Philosophers, a significant portion of college kids, and, ironically, HFT algorithms, *think* in the structure of argument.
|
||||||
|
|
||||||
|
Alright lets try one -
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Facts
|
||||||
|
|
||||||
|
Quotes [directly from the SEC](https://www.sec.gov/investor/pubs/regsho.htm) :
|
||||||
|
|
||||||
|
"Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand or to hedge the risk of a long position in the same security or a related security."
|
||||||
|
|
||||||
|
and how *should* this done?
|
||||||
|
|
||||||
|
"Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender."
|
||||||
|
|
||||||
|
and if, say, there are no shares to borrow anymore, where else can shares be found?
|
||||||
|
|
||||||
|
"In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail")."
|
||||||
|
|
||||||
|
and, um, *why* is that legal?
|
||||||
|
|
||||||
|
*(try not to read this in Ken G's voice from the first congressional GameStop hearing btw... If you don't remember how it sounded, its eerily similar to Michael Scott - but really nasal like Steve has a terrible cold, and choppy like he's short circuiting from the cognitive dissonance.)*
|
||||||
|
|
||||||
|
"There may be legitimate reasons for a failure to deliver. For example...delays can result from transferring securities in physical certificateobsolete ... A fail may also result from "naked" short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives."
|
||||||
|
|
||||||
|
""Naked" short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, "naked" short selling contributes to market liquidity. For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time. "
|
||||||
|
|
||||||
|
Speaking of the hearing, here's another fact: Ken stated in the Congressional Hearing that, "on Wednesday, January 27, we (Citadel) executed 7.4 billion shares on behalf of retail investors. To put this into perspective, on that day, Citadel Securities cleared more trades for retail investors than the entire average daily volume of the entire US equities market in 2019."
|
||||||
|
|
||||||
|
I shit you not, [at 24:35](https://youtu.be/lxdp-wU3UZI).
|
||||||
|
|
||||||
|
He also said, "During the frenzied period of retail trading, Citadel Securities was able to provide continuous liquidity every minute of every trading day. When others were unable... or willing to meet the demand, Citadel Securities was there. I could not be more proud of our team."
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Logic
|
||||||
|
|
||||||
|
If demand for a particular security *rapidly* increases, the AP, or some AP, must provide (as I've quoted a few times now) liquidity to meet that demand, even though the demand was for a *particular security*.
|
||||||
|
|
||||||
|
If supply is lacking in a *particular security*, APs have a responsibility to provide it. Throughout January 2021 and *particularly* on the 27th, there was unprecedented volume -
|
||||||
|
|
||||||
|
whether this was shorts covering, regular retail trading, apes gobbling GME pacman style, some of which are among the thousands of high schoolers with pandemic stimulus money and almost nothing to spend it on except a free iPhone app that lets them buy cool stocks they saw online like a video game at zero commission -
|
||||||
|
|
||||||
|
all of that buying pressure - much of which was heavily skewed toward a few dozen securities, likely required unprecedented liquidity in those *particular securities.*
|
||||||
|
|
||||||
|
As beaten to death at this point, ETF redemption and hedging are ways of turning "liquidity" into *particular securities*.
|
||||||
|
|
||||||
|
To take full advantage of *both* of those, it helps to be an Authorized Participant *and* a Market Maker in the markets in question.
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Facts, again, but with some logic too
|
||||||
|
|
||||||
|
Directly from [Citadel's Website](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/) -
|
||||||
|
|
||||||
|
"Citadel Securities is a leading market maker to the world's institutions and broker-dealer firms. Our automated equities platform trades approximately 26% of U.S. equities volume....We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker. Citadel Securities acts as a specialist or market maker in more than 3,000 U.S. listed-options names, representing 99% of traded volume, and ranks as a top liquidity provider on the major U.S. options exchanges."
|
||||||
|
|
||||||
|
Citadel is a Market Maker *and* an Authorized Participant - capable of capitalizing on liquidity provision *and* hedging responsibilities.
|
||||||
|
|
||||||
|
but.. how again, exactly? Like, cash to GME, what's in the middle?
|
||||||
|
|
||||||
|
Hedging is the easy part. Well easier to explain at least. 2 options:punintended 1) directly sell short and hedge with some long options position. 2) sell calls / buy puts (as MMs, they can influence these prices and choose which trades to take), and then sell the shares you were forced to hedge with
|
||||||
|
|
||||||
|
I'm not *entirely* sure #2 is legal but #1 most definitely is.
|
||||||
|
|
||||||
|
Directly selling short is the way to go, though, because you don't increase the buy pressure, whereas hedging would force you to buy then resell.
|
||||||
|
|
||||||
|
I really should say: "Directly selling short is the way to go because you get to force the price down, whereas hedging would allow the movement to remain natural."
|
||||||
|
|
||||||
|
I've been reading too much of this shit...
|
||||||
|
|
||||||
|
Anyway, there's another way to sell without buying, directly forcing the price down: Get the shares from an ETF:
|
||||||
|
|
||||||
|
From [BlackRock's iShares IWM prospectus](https://www.ishares.com/us/literature/prospectus/p-ishares-russell-2000-etf-3-31.pdf?stream=reg&product=I-R2000&shareClass=US+Class&documentId=925868%7E926239%7E926348%7E925613%7E925577&iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-russell-2000-etf-3-31.pdf) -
|
||||||
|
|
||||||
|
"...the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash, subject to the conditions described below under Creations and Redemptions."
|
||||||
|
|
||||||
|
*to the fine print we go*
|
||||||
|
|
||||||
|
"A creation transaction, which is subject to acceptance by the Distributor of the Fund, generally takes place when an Authorized Participant deposits into the Fund a designated portfolio of securities, assets or other positions (a "creation basket"), and an amount of cash (including any cash representing the value of substituted securities, assets or other positions), if any, which together approximate the holdings of the Fund in exchange for a specified number of Creation Units."
|
||||||
|
|
||||||
|
So if I'm reading that right, [any pile of securities, short sales, derivates, or cash] = [ETF shares]...
|
||||||
|
|
||||||
|
And, of course, it works backward as well:
|
||||||
|
|
||||||
|
"Similarly, shares can be redeemed only in Creation Units, generally for a designated portfolio of securities, assets or other positions (a "redemption basket") held by the Fund and an amount of cash (including any portion of such securities for which cash may be substituted)."
|
||||||
|
|
||||||
|
So *actually* -
|
||||||
|
|
||||||
|
[any pile of securities, short sales, derivates, or cash] = [ETF shares] = [Underlying Shares]
|
||||||
|
|
||||||
|
Oh, and to reiterate from the first post:
|
||||||
|
|
||||||
|
"To the extent the Fund engages in in-kind transactions, the Fund intends to comply with the U.S. federal securities laws in accepting securities for deposit and satisfying redemptions with redemption securities by, among other means, assuring that any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). Further, an Authorized Participant that is not a "qualified institutional buyer," as such term is defined in Rule 144A under the 1933 Act, will not be able to receive restricted securities eligible for resale under Rule 144A."
|
||||||
|
|
||||||
|
So they don't have to report these shares - that's bad enough. But what's that part at the end? Does that imply the AP's who *are* institutional buyers *can* receive "restricted securities eligible for resale"? How much borrowing do they have to account for *in the prospectus?*
|
||||||
|
|
||||||
|
(( The very *existence* of this mechanism depicts the chasm between Wall Street and the public. They would say it improves liquidity and decreases volatility. I would say it's potentially manipulative, potentially *deflationary* to underlying securities, and I'd argue that [it's actually major culprit in liquidity issues](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf). Which isn't so surprising since it's the very mechanism siphoning liquidity away in the first place. ))
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
GameStop, for real this time
|
||||||
|
|
||||||
|
So after *all that* - this next part, uh... this might be a little awkward, but.. back to those 7.4 billion shares Citadel executed for *retail investors alone* on a single freaking day. Do you remember the prices increases of some *particular securities* that were sold?? Can you imagine filling all of those buy orders?
|
||||||
|
|
||||||
|
Probably not, and I don't know if Ken did, either. Remember, this is the system, or roughly half of it. This is where your trades go, and how the system is *designed* to react.
|
||||||
|
|
||||||
|
The *other* half would be the other APs. JP, GS, you know the crew. The ones that all reported ownership of GME's ETFs in the last few months.
|
||||||
|
|
||||||
|
Why is that relevant? Well, as GME buying pressure goes up, APs need ETF to redeem. So the buying pressure in ETFs goes up but *uh oh* - who's selling the ETF? Some of them are pretty illiquid to begin with, so which AP bites the bullet, and shorts the ETF?
|
||||||
|
|
||||||
|
That'd be the one that didn't report buying them. Because they can't. Citadel Securities LLC.
|
||||||
|
|
||||||
|
I'm probably just seeing things, but those 13F filings, to me, say *Wasn't me!* To me, they may as well be fingers pointing at Ken.
|
||||||
|
|
||||||
|
Now, I have absolutely no idea *why* Ken bit the bullet in January. It could be that the technology netting him half of retail's trades, possibly their risk profiles, and the capability of that technology to generate the liquidity provided to *literally* keep the system from collapsing - it is possible that their technology may have been uniquely capable of handling the demand.
|
||||||
|
|
||||||
|
It is also possible that all of the APs and Market Makers share pieces of the GME debt-*gâteau*.
|
||||||
|
|
||||||
|
I believe based on, well, the above and the work of [u/atobitt](https://www.reddit.com/u/atobitt/), Wes Christian and the like, that the true answer is some combination of those two and the following -
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
Guesses, as educated as I can make them
|
||||||
|
|
||||||
|
It is likely that GameStop has been aggressively sold short for many years - particularly since 2014. And as the ETF market grew from $100 billion to $5.6 Trillion in assets, I'd argue that ETF creation/redemption, intentionally or not, facilitated this process.
|
||||||
|
|
||||||
|
Remember the ETF gobble/profit cycle I mentioned earlier? Maybe, and this is just a guess, this is some part of the "distribution" BlackRock is referring to in IWM's prospectus -
|
||||||
|
|
||||||
|
"Because new shares may be created and issued on an ongoing basis, at any point during the life of the Fund a "distribution," as such term is used in the 1933 Act, may be occurring."
|
||||||
|
|
||||||
|
Well, that gobble/profit cycle would *love* for Hedge Funds and other firms to short sell GME, right? Price goes down, you get to make more ETF. It feeds directly into the cycle.
|
||||||
|
|
||||||
|
So, in my worthless opinion, I think there's a significant possibility that many firms were short GME for many years, then ETFs came along, allowing APs to get in on the action, then HFT came along and combined a targeted short attack with a arguably dodgy, yet profitable trading tool and "accidentally" created a massive ocean of rolling FTDs, ...
|
||||||
|
|
||||||
|
Yes that sounds crazy. But I'm not pulling that out of thin air. I remember even MarketWatch said GME had over 60 million shares short on January 15, and I went through like 10 ways to skirt reporting. Look at the ETF growth: $4 billion in 2007 to $7.7 trillion last year. That's over 192,000%.
|
||||||
|
|
||||||
|
Honestly, and I mean this *can't* be right... but from everything I read, naked short selling is the clear, primary route of instant liquidity. That's terrifying because these are just computers programmed within certain parameters, but I think that's *why* naked short selling is the go-to: these things don't locate, it's far simpler and far faster to just sell now and use the three day (or 6 day, or 35 day, or *perpetual*) settlement cycle to look for a cheaper long synthetic position to hedge with.
|
||||||
|
|
||||||
|
And when the delivery day comes, they do it again, and again, and again, because their coded to look for profits, to *make money*, and I don't know if there's a parameter than accounts for all the shares sold, trading, and collateralized on the books with derivatives that build up over time as excess supply.
|
||||||
|
|
||||||
|
I could go on and on.. how spikes in GME FTD volume are perfectly in between those of its ETFs. How the spikes in options OI also line up perfectly. Or how creation baskets can even be "custom" and just theoretically be 50,000 GME's. It doesn't matter, the bottom line is -
|
||||||
|
|
||||||
|
actually, I'll let BlackRock tell you,
|
||||||
|
|
||||||
|
"Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory underwriters subject to the prospectus delivery and liability provisions of the 1933 Act."
|
||||||
|
|
||||||
|
luv u Ryan ❤️
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
If you're learning all of this for the first time, *shit*, honestly I can't imagine it. Like I said in the first post, it's taken me months to put all of this together - and I've felt crazier by the week. Maybe I'm missing something huge here, but 5.6 Trillion dollars is a lot of dollars, so this ETF thing seems kind of important. And really, I think I just needed to get it out of my brain and into words.
|
||||||
|
|
||||||
|
and make no mistake, there were 1 billion GME shares traded in the January run up. Idk if the original shorts were able to actually cover *anything*, but even if they *did* - those buy orders were filled with short sales all the way up, just like the system was coded to do.
|
||||||
|
|
||||||
|
Almost $500 billion in GME was sold in January. Of all the *concentrated*,*particular stocks* in January's madness - GME sold the highest dollar amount by $496 billion. Second was AMC, at $4b. AMC has since surpassed its January peak by over 350%. Just saying.
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
3 little things before I go...
|
||||||
|
|
||||||
|
First, this overall explanation of the market does a great job of explaining similar price movements we see in multiple stocks. In the face of HFT algos naked short selling possibly *billions* of shares in a single day, we see multiple prices move along the FTD cycles.
|
||||||
|
|
||||||
|
Second, it also connects the treasury markets - because as [u/atobitt](https://www.reddit.com/u/atobitt/) explained, the 10-20 year treasury bonds are the preferred collateral of the Repo Market, the largest and most liquid market on the planet (I think). One could buy (or otherwise obtain) treasury ETF shares, redeem them for bonds, and go to the Repo Market. *voila* cash to do everything I just described.
|
||||||
|
|
||||||
|
Oh and, second-and-a-half, Michael Burry shorted a 20 year treasury ETF for like 500mil I think. TTT. You should check it out.
|
||||||
|
|
||||||
|
Last thing - Idk if this is common across ETFs, but IWM rebalances ever February, May, August, and November. If you look at GME toward the ends of months, price and volume tend to increase. Which is weird, since GME has been in increasing in price since last November.
|
||||||
|
|
||||||
|
While increasing, you'd expect the ETF to be redeemed for shares (ownership decreases), and if the price in February greater than in November, (it was, and this may have been what they were shooting for.. *sooo close*, kinda, not really), then the ETF should have to sell GME shares to maintain its proportions.
|
||||||
|
|
||||||
|
So why is GME's price going up while its ETFs are selling shares?
|
||||||
|
|
||||||
|
Dr. Burry, again, comes to mind. Remember when he sold in October, and it took his brokers weeks to find his shares? If an ETF needs to sell shares to maintain its portfolio, but it's lent all its shares, it needs to recall enough shares to meet the sale, and every borrow and re-borrow and re-borrow needs bought and rebought and rebought.
|
||||||
|
|
||||||
|
That both explains the run-ups and confirms the shit outta my bias. And don't forget that ETF ownership *increased* since November, so any ETF un-siphoned to meet demand in January and re-siphoned by February. And then some.
|
||||||
|
|
||||||
|
So, all put together, it almost looks like the shorts tried to cover, failed, almost broke the system by doing it at the same time as everybody else, and now the system that was coded to prevent the MOASS, and was successful, is trying to release all that pressure at factions of the volume that created it.
|
||||||
|
|
||||||
|
*There the shares.*
|
||||||
|
|
||||||
|
Naked shorts and derivative collateral and cash covered ETF swaps, maybe married puts too and when it comes time to cover, do it again, because it's cheaper that way.
|
||||||
|
|
||||||
|
And if you need cash to do all of this 10 times over to prevent a system collapse, formally known around here as the MOASS, you derive collateral for the treasury ETFs too and make the whole problem worse when now that the sell pressure is gone.
|
||||||
|
|
||||||
|
*That, maybe, is the House of Cards.*
|
||||||
|
|
||||||
|
//
|
||||||
|
|
||||||
|
If you heard me out and still think it's too crazy, I don't blame you. Thank you for humoring my brain dump. And I hope I didn't offend my French apes, really Idk why I ran with that theme.
|
||||||
|
|
||||||
|
HODL 🚀🚀
|
162
Daily-Synopsis-Archives/2021-06-07-Synopsis.md
Normal file
162
Daily-Synopsis-Archives/2021-06-07-Synopsis.md
Normal file
@ -0,0 +1,162 @@
|
|||||||
|
The Daily Stonk 06-07-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu86hd/the_daily_stonk_06072021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/miuejcn52t371.png?width=1600&format=png&auto=webp&s=c81b9391048dd0772588d10757e4b956f6ffe14f)
|
||||||
|
|
||||||
|
Good Morning San Diago,
|
||||||
|
|
||||||
|
I am Rensole and this is your daily news.
|
||||||
|
|
||||||
|
Does anyone smell that?
|
||||||
|
|
||||||
|
*insert flashy intro card*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9ydyg4o72t371.png?width=680&format=png&auto=webp&s=67d73004905004c58250e8ec85c046a290c7f04d)
|
||||||
|
|
||||||
|
Reverse Repo rates
|
||||||
|
|
||||||
|
Big thank you to [u/ajquick](https://www.reddit.com/u/ajquick/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6tlvxqye3t371.png?width=960&format=png&auto=webp&s=ead35a24f52e0e486dab971edcee1bb0047193b7)
|
||||||
|
|
||||||
|
May 25: $432 billion - Participating Counterparties: 48 - Average per participant = $9 billion
|
||||||
|
|
||||||
|
May 26: $450 billion - Participating Counterparties: 46 - Average per participant = $9.78 billion
|
||||||
|
|
||||||
|
May 27: $485 billion - Participating Counterparties: 50 - Average per participant = $9.7 billion
|
||||||
|
|
||||||
|
May 28: $479 billion - Participating Counterparties: 50 - Average per participant = $9.58 billion
|
||||||
|
|
||||||
|
June 1: $447 billion - Participating Counterparties: 43 - Average per participant = $10.39 billion
|
||||||
|
|
||||||
|
June 2: $438 billion - Participating Counterparties: 46 - Average per participant = $9.52 billion
|
||||||
|
|
||||||
|
June 3: $479 billion - Participating Counterparties: 40 - Average per participant = $11.97 billion
|
||||||
|
|
||||||
|
June 4: $483 billion - Participating Counterparties: 42 - Average per participant = $11.5 billion
|
||||||
|
|
||||||
|
Seems this is increasing a lot and very fast 🤔
|
||||||
|
|
||||||
|
0:00
|
||||||
|
|
||||||
|
0:46
|
||||||
|
|
||||||
|
cnbc did a fucky wucky
|
||||||
|
|
||||||
|
As most of you have heard by now past saturday CNBC had a couple of "experts" on to talk about what is going on and blurted out naked short selling, after that there was a huge spike in the "google analytical" side and searches for naked short selling were through the roof (you can use [trends.google.com](https://trends.google.com/) and check out "naked Shorts" for yourself ;) )
|
||||||
|
|
||||||
|
[](https://preview.redd.it/j2ls4aji8t371.png?width=960&format=png&auto=webp&s=f5a4000a6797a2949f0b1d9fd8f28fd3abc825d0)
|
||||||
|
|
||||||
|
#nakedshorts
|
||||||
|
|
||||||
|
Also a funny comment the guy had was " don't think for a minute that hedgefunds haven't hired people and put them into these chatrooms (reddit) to keep these flames going"... hmmm who else had talked about paid shills before 🤔 not sure sounds very familiar though.
|
||||||
|
|
||||||
|
People also seem to be making waves with #nakedshorts, so lets just say I hope this stays trending for a long while so more people can see wtf is going on and get more peoples eyes on this.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/97szuksg5t371.png?width=960&format=png&auto=webp&s=7ebebe5e3f294d65af9109a7b85903f25cd15a64)
|
||||||
|
|
||||||
|
Short selling restrictions
|
||||||
|
|
||||||
|
This is also something I've seen come by around friday/saturday, Big banks and prime brokers are now restricting short positions on GME AMC and MIcroVision (who the fuck is Microvision?)
|
||||||
|
|
||||||
|
Goldman Sachs, Bank of America, Citigroup and Jeffries are among those who have restricted them, expect more of them to follow.
|
||||||
|
|
||||||
|
Source: <https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.html>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cgh72iy57t371.png?width=960&format=png&auto=webp&s=78de9fab5a9593323a4c1d49a86c12a5e5cba892)
|
||||||
|
|
||||||
|
SEC Fires head Auditor
|
||||||
|
|
||||||
|
Possibly because he was "too friendly" with institutions he was supposed to be investigating and not taking the proper actions, as he mismanaged the regulator, so even if Gary is only on his 7th week, at least he is firing someone... cmon Gary move it buddy you have 2 days till the meeting.
|
||||||
|
|
||||||
|
source: <https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html>
|
||||||
|
|
||||||
|
<https://www.reuters.com/business/us-sec-ousts-head-accounting-watchdog-puts-rest-board-notice-2021-06-04/>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/que5mc2l9t371.png?width=640&format=png&auto=webp&s=9a710f84a661242d57d33238cc351b749fec3a52)
|
||||||
|
|
||||||
|
Just feel like this should need a reminder;
|
||||||
|
|
||||||
|
[](https://preview.redd.it/j41ju0ib7t371.png?width=828&format=png&auto=webp&s=5c897c7dad9e922006bfc0d2a6088422d3b058cf)
|
||||||
|
|
||||||
|
I'm gonna be honest I like the guy (charles), but at the same time he works for MSM, that means I don't trust him, there usually narrative they want to push or whatever, but for this moment I'm giving him the benefit of the doubt. I've seen this guy say stuff that he seems to be on the side of the apes but again I'd rather be carefull then get bent over, especially since he's been fined before for not mentioning that he received payment to promote a stock. [(found here)](https://www.reddit.com/r/Superstonk/comments/nu29ec/charles_payne_og_90s_shill_litigation_release_no/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/m7ibugm88t371.png?width=467&format=png&auto=webp&s=f12fb7d5c030c2994b29571e78b051e56e939832)
|
||||||
|
|
||||||
|
GameStop Removed from Russell Microcap, May be Added to Russell 1000
|
||||||
|
|
||||||
|
Great write-up by [u/DrGigaChad_MD](https://www.reddit.com/u/DrGigaChad_MD/) which you can read [here](https://www.reddit.com/r/Superstonk/comments/nsmgy0/gamestop_removed_from_russell_microcap_may_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gro7xmub9t371.png?width=640&format=png&auto=webp&s=401633ea01394c56af7a3c09b647cfd4a5cd1d3f)
|
||||||
|
|
||||||
|
SEC littigation against Robbinhood filed friday
|
||||||
|
|
||||||
|
AAhahahahaha..... hahahaha sorry something something karma,
|
||||||
|
|
||||||
|
[u/tophereth](https://www.reddit.com/u/tophereth/) made a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nspp9u/sec_litigation_against_robbinghood_filed_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) with a write-up of what's up and and links to the litigation and such.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8e1tk2tcat371.png?width=640&format=png&auto=webp&s=72f02e5e18b437a22a11533e4d1558456e35d6f8)
|
||||||
|
|
||||||
|
G7 agree on worldwide taxation
|
||||||
|
|
||||||
|
Ok so this is something I've heard something about in the past few years, but to be honest I don't think anyone would ever actually make this deal but here we are.
|
||||||
|
|
||||||
|
The g7 (the richest 7 economies/countries of the world) agreed on a universal taxation across the board, meaning it would be increasingly difficult to hide their money in tax havens like the caymans and such. this would mean if a company (like amazon or FB or Citadel) operates in a country then they have to pay 15% tax THERE, not just where they store their money, but the countries they're profiting of.
|
||||||
|
|
||||||
|
<https://www.bbc.com/news/world-57368247>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fzpciljeat371.png?width=640&format=png&auto=webp&s=8fc05dbe8ce21dfcb64190ba4f7a290016aec3b4)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/4pw7s96jat371.png?width=554&format=png&auto=webp&s=a54b1b6c0af6fbf556e93bce7767b3ade0a6b51a)
|
||||||
|
|
||||||
|
EXCELLENT!
|
||||||
|
|
||||||
|
Be friendly, help others!
|
||||||
|
|
||||||
|
as always we are here from all different walks of life and all different countries.
|
||||||
|
|
||||||
|
This doesn't matter as we are all apes in here, and apes are friends.
|
||||||
|
|
||||||
|
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||||
|
|
||||||
|
We help each other, we care for each other.
|
||||||
|
|
||||||
|
Ape don't fight ape, apes help other apes
|
||||||
|
|
||||||
|
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||||
|
|
||||||
|
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||||
|
|
||||||
|
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||||
|
|
||||||
|
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||||
|
|
||||||
|
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/52jny9mlat371.png?width=400&format=png&auto=webp&s=5c6b416bfed7c80318910c39f32cbec5ea9ea9bf)
|
||||||
|
|
||||||
|
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||||
|
|
||||||
|
If anything happens throughout the day we will be adding it here.
|
||||||
|
|
||||||
|
backups:
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
Countdown to the Annual shareholder meeting 3 days to go, and only 3 trading days, LETSGOOO! LFG
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9wo5zcvtat371.png?width=1280&format=png&auto=webp&s=d1290856c61b3a952dd8632bdc81344327f67d37)
|
||||||
|
|
||||||
|
Majora's short
|
182
Daily-Synopsis-Archives/2021-06-08-Synopsis.md
Normal file
182
Daily-Synopsis-Archives/2021-06-08-Synopsis.md
Normal file
@ -0,0 +1,182 @@
|
|||||||
|
The Daily Stonk 06-08-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv0kes/the_daily_stonk_06082021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/n1fmh51o50471.png?width=1600&format=png&auto=webp&s=2ddc19921e67aec17363bd79e36b8bab3d49ae37)
|
||||||
|
|
||||||
|
Good Morning San Diago,
|
||||||
|
|
||||||
|
I am Rensole and this is your daily news.
|
||||||
|
|
||||||
|
Does anyone smell that?
|
||||||
|
|
||||||
|
*insert flashy intro card*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3kljlpxp50471.png?width=680&format=png&auto=webp&s=c9e30be6231a5c6e5c448c80a5e2e7ed3727ce10)
|
||||||
|
|
||||||
|
Happy Birthday [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/)!!!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zpn5qrjbe0471.png?width=674&format=png&auto=webp&s=52238546149eb873d4e44644d8cd0c5db4883318)
|
||||||
|
|
||||||
|
Happy birthday buddy, I hope people won't spam the sub with these messages and keep it all in one single thread somewhere
|
||||||
|
|
||||||
|
Direct from the source! Eric Cerny, Head of Investor Relations
|
||||||
|
|
||||||
|
originally screenshot posted by [u/Lancerevo012](https://www.reddit.com/u/Lancerevo012/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zvp3vq7460471.png?width=640&format=png&auto=webp&s=b027517262a0fa4430a841b9dcf8340291b28b48)
|
||||||
|
|
||||||
|
"SEC filing with the final results of voting...within four business days of the meeting date"
|
||||||
|
|
||||||
|
Just so people are aware you won't hear about the Vote count ON THE DAY itself, it will be a few days.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/kia93ama60471.png?width=960&format=png&auto=webp&s=4332d87c4029c7678962b1233476411b20259352)
|
||||||
|
|
||||||
|
Also another thing we do need to keep in mind is that even though we'll be getting the numbers we have heard from previous AMA guests that they can do everything they can to make it look like it isn't as bad as it is, I know because suddenly my Bank couldn't let me vote because there was an "error" with uploading all the people in the database for american voting and would be resolved the 18th.
|
||||||
|
|
||||||
|
So I have a gut feeling that we will have millions of users all around the world who will be fed some form of BS why they can't vote, and GME won't know about it.
|
||||||
|
|
||||||
|
Update on GME short Data
|
||||||
|
|
||||||
|
The following Data is from <https://twitter.com/Annihil4tionGod> he's great with data and I'm very thankful for him being so kind to provide this to us.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7fz5sh6k70471.png?width=4096&format=png&auto=webp&s=b924ab9a87f454ca6edb8d657ea541e81bfe1f13)
|
||||||
|
|
||||||
|
I can finally provide an update on GME Short data. Compared with my earlier work this contains the information provided by: [http://regsho.finra.org/regsho-May.html](https://t.co/6BwhxUpWP6?amp=1) and new: [https://cboe.com/us/equities/market_statistics/short_sale/?mkt=byx...](https://t.co/k9fRZmaL0O?amp=1) Still not accurate because data is not available, but more accurate then before. [#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [#Superstonk](https://twitter.com/hashtag/Superstonk?src=hashtag_click)
|
||||||
|
|
||||||
|
[@rensole](https://twitter.com/rensole) [@RedChessQueen99](https://twitter.com/RedChessQueen99)
|
||||||
|
|
||||||
|
[http://fintel.io](https://t.co/pCTwICFshn?amp=1): "If the short sale volume increases as a percentage of the total volume, then that suggests a bearish sentiment [...]. If short sale volume decreases as a percentage of total volume, then that suggests a bullish sentiment."
|
||||||
|
|
||||||
|
-----
|
||||||
|
|
||||||
|
Dear fellow investors, I took me some time to produce all these charts, but its finally done! Heureka! I can give you an insight on "How to trick retails with data" - based on the data published by [https://fintel.io/ss/us/gme](https://t.co/l9FCWviIol?amp=1) for GME. 1/5
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ayg0432080471.png?width=4096&format=png&auto=webp&s=d0868dac55b96962351708100bc329cc8cfea33a)
|
||||||
|
|
||||||
|
As you can see below - I got another results for the Short Volume Ratio. But how is this possible? The next picture will tell you why. 2/5
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8sxo42z280471.png?width=4096&format=png&auto=webp&s=bcbcf9fbdc594ac70d0484e54064c1b3ded6be23)
|
||||||
|
|
||||||
|
Instead of calculating the Short Volume Ratio = Reported Shorts in Data you use / ( Reported Volume in Data you use / 100 ) - [@fintel_io](https://twitter.com/fintel_io) decided to use: Reported Shorts in Data you use / ( Total Daily Volume / 100 ) Perhaps just a mistake, fixed that for you - oh SVR is high. 3/5
|
||||||
|
|
||||||
|
[](https://preview.redd.it/o81uu6u780471.png?width=4096&format=png&auto=webp&s=feb5caa7090e9d19a86b594e6411c283a80f1b79)
|
||||||
|
|
||||||
|
The Following Charts shows my Calculation on Short Volume Ratio (based on Data from RegSho and CBOE) - [@fintel_io](https://twitter.com/fintel_io) s calculation in orange while the grey line is the SVR i fixxed for [http://fintel.io](https://t.co/pCTwICFshn?amp=1) No need to thank me. 4/5
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qn81b10c80471.png?width=4096&format=png&auto=webp&s=37c5646667c955c949aebcf08ce45fcd5d25071b)
|
||||||
|
|
||||||
|
Last but not least a short comparison of [http://fintel.io](https://t.co/pCTwICFshn?amp=1) and me. - And to conclute the results short📷: The Short Volume Ratio is way higher then [http://fintel.io](https://t.co/pCTwICFshn?amp=1) is reporting what could mislead investors. 5/5
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xw17p0af80471.png?width=1649&format=png&auto=webp&s=824198d321e261d0aca233a75961467dafcc921d)
|
||||||
|
|
||||||
|
----------------------------------
|
||||||
|
|
||||||
|
I've copied his screenshots and his comments verbatim, as it's either ok to use all of it or none of it 😉
|
||||||
|
|
||||||
|
So Judging by this I AM BULLISH MY BOYS!
|
||||||
|
|
||||||
|
the fact that an institution like Finra and Fintel are able to blatantly manipulate their numbers in such a way and still be able to get corrected by a couple of smooth brained apes is amazing in my book and not in a good way, which also wraps up nicely into my next point.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/b8nrrptk90471.png?width=680&format=png&auto=webp&s=4f2c7e047610176963ad51671406c0407428cecc)
|
||||||
|
|
||||||
|
Fintel knows it did a fucky wucky
|
||||||
|
|
||||||
|
[u/dlauer](https://www.reddit.com/u/dlauer/) did a thread on it [here](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mq13nwqy90471.png?width=960&format=png&auto=webp&s=96603904e010bbd97d4cf33bc59f9562b66f9a6c)
|
||||||
|
|
||||||
|
Largest Reverse Repo of all time..
|
||||||
|
|
||||||
|
0:00
|
||||||
|
|
||||||
|
4:30
|
||||||
|
|
||||||
|
Wes Cristion's interview from yesterday
|
||||||
|
|
||||||
|
"The FCC has fined a bunch of them ... for pre-programing computers to say a hard to borrow stock is easy to borrow" - Wes Christian
|
||||||
|
|
||||||
|
So...
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ofpbwxukb0471.png?width=1191&format=png&auto=webp&s=67e9d71d8a2c4317c644888fafce90c1b993de0a)
|
||||||
|
|
||||||
|
This 1% has been bullshit all this time? it's almost like... oh I don't know, the "dumb money" was right all along?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0q38n8crb0471.png?width=960&format=png&auto=webp&s=3e72b9dbdae78f1534d7bf22223966adb0b2d7c4)
|
||||||
|
|
||||||
|
go get m boys
|
||||||
|
|
||||||
|
The Russel 1000
|
||||||
|
|
||||||
|
You've most likely been hearing a lot of this in the past week, and just like me you have no clue what the difference is/was with the russel 1000 and 2000, what it means and how it works.
|
||||||
|
|
||||||
|
Thank god for smarter apes like [u/Region-Formal](https://www.reddit.com/u/Region-Formal/) for making awesome threads like this one [here](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
he goes over the facts of what the difference is, what it can mean for the stock price what it can mean when it moves and everything you should know about the topic.
|
||||||
|
|
||||||
|
The exponential floor
|
||||||
|
|
||||||
|
Thanks to [u/JTH1](https://www.reddit.com/u/JTH1/) for making this
|
||||||
|
|
||||||
|
[](https://preview.redd.it/k7n3buznc0471.png?width=640&format=png&auto=webp&s=93897e3fc787e45e3bbbda7ea3cfbfc04d33c766)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xteqz4lfc0471.png?width=888&format=png&auto=webp&s=fd2cc78937356c12bb42265ab1064349ac79b20a)
|
||||||
|
|
||||||
|
How GameStop is using it's 10k to fight back against targeted naked short selling.
|
||||||
|
|
||||||
|
Written by our very own lovely [u/luridess](https://www.reddit.com/u/luridess/) in her thread [here](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
It's written so well that it would be a disservice to do a TLDR, just go check her thread.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ooj2h59hd0471.png?width=554&format=png&auto=webp&s=615213948440b3c5ae8ba3a05d2950843efd8b43)
|
||||||
|
|
||||||
|
EXCELLENT!
|
||||||
|
|
||||||
|
Be friendly, help others!
|
||||||
|
|
||||||
|
as always we are here from all different walks of life and all different countries.
|
||||||
|
|
||||||
|
This doesn't matter as we are all apes in here, and apes are friends.
|
||||||
|
|
||||||
|
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||||
|
|
||||||
|
We help each other, we care for each other.
|
||||||
|
|
||||||
|
Ape don't fight ape, apes help other apes
|
||||||
|
|
||||||
|
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||||
|
|
||||||
|
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||||
|
|
||||||
|
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||||
|
|
||||||
|
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||||
|
|
||||||
|
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/bdkfrtcjd0471.png?width=400&format=png&auto=webp&s=94878e83002b367b62eed75e2165aff981c95048)
|
||||||
|
|
||||||
|
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||||
|
|
||||||
|
If anything happens throughout the day we will be adding it here.
|
||||||
|
|
||||||
|
backups:
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
Countdown to the Annual shareholder meeting 1 days to go, and only 2 trading days, LETSGOOO! LFG
|
||||||
|
|
||||||
|
[](https://preview.redd.it/uokqs8nnd0471.png?width=1280&format=png&auto=webp&s=ceb45e4b3dbe26a2907283a8361f064d5ac974c3)
|
||||||
|
|
||||||
|
Majora's Short
|
200
Daily-Synopsis-Archives/2021-06-09-Synopsis.md
Normal file
200
Daily-Synopsis-Archives/2021-06-09-Synopsis.md
Normal file
@ -0,0 +1,200 @@
|
|||||||
|
The Daily Stonk 06-09-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvrh9t/the_daily_stonk_06092021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/nzghkpxaa7471.png?width=1600&format=png&auto=webp&s=7348286dfd1c249e7f1b8e51fc4f9079cc64aaac)
|
||||||
|
|
||||||
|
Good Morning San Diago,
|
||||||
|
|
||||||
|
I am Rensole and this is your daily news.
|
||||||
|
|
||||||
|
Does anyone smell that?
|
||||||
|
|
||||||
|
*insert flashy intro card*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jrm3zdgca7471.png?width=680&format=png&auto=webp&s=a3c30c7c5ce8d4d8e9717d607dae452c83d62d9d)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/58yyntlpe7471.png?width=960&format=png&auto=webp&s=3d2ea206ff4032c5571e42402210c6dab427297a)
|
||||||
|
|
||||||
|
SPARTAAAANS!
|
||||||
|
|
||||||
|
Reverse Repo
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yp0wzov0b7471.png?width=960&format=png&auto=webp&s=1c88d35ea2d5e96002e8b1a558bc783fa6fb4134)
|
||||||
|
|
||||||
|
Just like clockwork, the reverse repo is going up once again, 497 Billion for 46 participants.
|
||||||
|
|
||||||
|
Yeah they need cash for some reason, and the most logical one for me is the meme stocks (GME AMC BB NOK etc), because [u/Rossaldihno](https://www.reddit.com/u/Rossaldihno/) found something yesterday which is a headscratcher at minimum.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fe3nrwmkb7471.png?width=3088&format=png&auto=webp&s=d969c328c820e9916ce2b5dacef4bf2947cab0ad)
|
||||||
|
|
||||||
|
BRK-A inversed of GME
|
||||||
|
|
||||||
|
at the same time we've seen gme spike we have seen everything else go down, from the rest of the market they normally hedge with, to even crypto going down just before Green days.
|
||||||
|
|
||||||
|
if it happens once or twice it can be a coincidence, when it keeps happening it's a pattern.
|
||||||
|
|
||||||
|
$clov
|
||||||
|
|
||||||
|
So you've most likely seen the ticker $clov get spammed lately, but some smart apes found out Citadel LLC 13-F filing for 523,775 shares of $CLOV. and guess what sub is currently shilling this one hard.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/grumfuy8c7471.png?width=1080&format=png&auto=webp&s=af8fc93b3d0e5b8c7ca28abb158aee98964669c4)
|
||||||
|
|
||||||
|
u/StarPlatinum82
|
||||||
|
|
||||||
|
SEC webinar
|
||||||
|
|
||||||
|
Thanks to [u/chosedemarais](https://www.reddit.com/u/chosedemarais/) we have a play by play of this meeting, just like the House of financial hearing, it was nothing more than a circle jerk and everyone saying we are doing the best with giving non answers.
|
||||||
|
|
||||||
|
He has posted a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nvahgb/reminder_sec_webinar_for_retail_investors_at_5pm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/e05tgib8d7471.png?width=681&format=png&auto=webp&s=2337340a3c601065af4bddebd83c6b243c75699e)
|
||||||
|
|
||||||
|
Mark the naked shorts as NSFW maybe these idiots will find it then
|
||||||
|
|
||||||
|
The corruption of the SEC, over decades and till today
|
||||||
|
|
||||||
|
Lucy Komisar has written a piece on how corrupt these guys have been since the beginning, be sure to check it out here:
|
||||||
|
|
||||||
|
<https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/krzx0subi7471.png?width=960&format=png&auto=webp&s=73b14ee5d8abccfd51beed1d89c6c99fd994854f)
|
||||||
|
|
||||||
|
DTC-2021-009 is out.
|
||||||
|
|
||||||
|
I've not yet had the chance to read it, but it's out and perhaps another smarter person could take a look at this ;)
|
||||||
|
|
||||||
|
<https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=DTC&pgs=1>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/szbvrfzqi7471.png?width=640&format=png&auto=webp&s=9863c16b57cbbe8db98ccabfd2637f7d5af3dbcc)
|
||||||
|
|
||||||
|
From russel 2000 to 1000
|
||||||
|
|
||||||
|
Yesterday I linked to a thread going into some detail on the entire thing that is the change of the russel 2000 to 1000, that user has given an update on that so I thought I should link it for everyone to see ;)
|
||||||
|
|
||||||
|
check the thread out [here](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/84a8k7zci7471.png?width=960&format=png&auto=webp&s=f546bf54a3b069e48e601d3165ddd542107d086d)
|
||||||
|
|
||||||
|
Satori: The One Week Security Update
|
||||||
|
|
||||||
|
Our very own Optimus Primal (robo Harambe) has been active for over a week now so one of it's creators has written an update about the entire thing, there are some import bits of information in there regarding Satori so be sure to check [This thread](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/l1hvb1yxe7471.png?width=532&format=png&auto=webp&s=db3c61ca76955dc3e0dde6f1aab33bd3736f7288)
|
||||||
|
|
||||||
|
The annual shareholder meeting
|
||||||
|
|
||||||
|
Ok let's get over a couple of basics here just to be sure.
|
||||||
|
|
||||||
|
There is no media allowed to attend the meeting, from experience this tells me that they wont be able to get inside but they will still be outside trying to make every retail investor look like a fucking idiot.
|
||||||
|
|
||||||
|
There will be paid shills outside making a mockery or trying to pull some bullshit, so lets agree on some guidelines if you're a real ape attending.
|
||||||
|
|
||||||
|
1. Dress accordingly, this doesn't mean wear a suit but don't look like a basement dweller who never sees sunlight.
|
||||||
|
|
||||||
|
2. Be polite, be OVERLY nice, remember be excellent even outside the sub, they want to paint you as retards, don't give them the chance
|
||||||
|
|
||||||
|
3. Be sure to pick up your trash, don't dump shit and just let it sit there, clean up after yourselves.
|
||||||
|
|
||||||
|
4. If you guys gather do so peacefully
|
||||||
|
|
||||||
|
5. There will be people trying to cause a scene (remember the paid shills here?), distance yourselves from them, do not engage no matter what
|
||||||
|
|
||||||
|
6. Keep in the back of your mind that everyone will be watching, they've said horrible things about us, prove them wrong by being the most respectable, most Excellent shareholders ever.
|
||||||
|
|
||||||
|
I have faith that even the most smooth brained apes here can do this without any trouble, make papa Cohen proud.
|
||||||
|
|
||||||
|
But it will be more than just GME doing the streaming, we'll be joining in as well!
|
||||||
|
|
||||||
|
Because we expect George Sherman to have the same monotone and deadpan delivery (I'm still expecting him to be booted after this), we're going to go over their Annual shareholder meeting live on the Superstonk youtube channel.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ziur0g68h7471.png?width=886&format=png&auto=webp&s=bc116c4d64cc16d6ba88d6f5f1ce6cad35ec52e6)
|
||||||
|
|
||||||
|
Shareholder Meeting Coverage
|
||||||
|
|
||||||
|
10 a.m. Eastern / 9:00 a.m. CT (16:00 European time)
|
||||||
|
|
||||||
|
Stream: <https://youtu.be/a4SicgRYTmk>
|
||||||
|
|
||||||
|
Join us for a live stream like no other, with apes in Grapevine, TX ready to share footage and feedback on the GameStop Shareholder Meeting on June 9, 2021.
|
||||||
|
|
||||||
|
10 a.m. EDT / 9 a.m. CT - Live Pre-Meeting Commentary
|
||||||
|
|
||||||
|
11 a.m. EDT / 10 a.m. CT - Shareholder Meeting Live Coverage
|
||||||
|
|
||||||
|
11:30 a.m. EDT / 10:30 a.m. CT - Live Post-Meeting Commentary
|
||||||
|
|
||||||
|
12:00 p.m. EDT / 11:00 a.m. CT - Additional Commentary and Discussion
|
||||||
|
|
||||||
|
Monkey Business
|
||||||
|
|
||||||
|
4:30 p.m. Eastern / 3:30 p.m. (22:30, Eastern Time (ET) )
|
||||||
|
|
||||||
|
CT Stream: <https://youtu.be/UDKC_oXqhGM>
|
||||||
|
|
||||||
|
Join the ape community for a panel discussion about the current events of the stock trading world.
|
||||||
|
|
||||||
|
Today's session will be hosted by jsmar18 and sharkbaitlol with various apes as guests!
|
||||||
|
|
||||||
|
Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zn8g55gsi7471.png?width=554&format=png&auto=webp&s=17e464e69c4e4e1d835074fd5908aee5230f7d48)
|
||||||
|
|
||||||
|
EXCELLENT!
|
||||||
|
|
||||||
|
Be friendly, help others!
|
||||||
|
|
||||||
|
as always we are here from all different walks of life and all different countries.
|
||||||
|
|
||||||
|
This doesn't matter as we are all apes in here, and apes are friends.
|
||||||
|
|
||||||
|
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||||
|
|
||||||
|
We help each other, we care for each other.
|
||||||
|
|
||||||
|
Ape don't fight ape, apes help other apes
|
||||||
|
|
||||||
|
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||||
|
|
||||||
|
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||||
|
|
||||||
|
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||||
|
|
||||||
|
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||||
|
|
||||||
|
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pf0b1ymui7471.png?width=400&format=png&auto=webp&s=928125a760a9534eacaba34b499b4cf09e98eaed)
|
||||||
|
|
||||||
|
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||||
|
|
||||||
|
If anything happens throughout the day we will be adding it here.
|
||||||
|
|
||||||
|
backups:
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
Countdown to the Annual shareholder meeting is today, LETS GO!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rw6mu9p0j7471.png?width=1280&format=png&auto=webp&s=55b5e06fc6cb8838b9192cecf1fe74fd0b1d6c39)
|
||||||
|
|
||||||
|
Majora's Short
|
||||||
|
|
||||||
|
Before I go there are a few things I want to make clear to everyone, today is the shareholders meeting, this doesn't mean everything will pop off today, the announcements that are being made today can take weeks to take full swing.
|
||||||
|
|
||||||
|
If we hear about NFT dividends, it wont be issued right here right now, the odds are greater we'll see this in a few weeks, if we hear about new business ventures, mergers etc these things take time.
|
||||||
|
|
||||||
|
Remember we can stay ape longer then they can stay solvent ;)
|
||||||
|
|
||||||
|
For all my apes out there I love you and if you're out there in Grapevine, you may see some familiar faces from here pop up <3 be Excellent to each other !
|
248
Daily-Synopsis-Archives/2021-06-10-Synopsis.md
Normal file
248
Daily-Synopsis-Archives/2021-06-10-Synopsis.md
Normal file
@ -0,0 +1,248 @@
|
|||||||
|
The Daily Stonk 06-10-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwj95f/the_daily_stonk_06102021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p7qh3whzde471.png?width=1600&format=png&auto=webp&s=87579d5918f1efd7a7c98234519b6c2d6b2a3070)
|
||||||
|
|
||||||
|
Good Morning San Diago,
|
||||||
|
|
||||||
|
I am Rensole and this is your daily news.
|
||||||
|
|
||||||
|
Does anyone smell that?
|
||||||
|
|
||||||
|
*insert flashy intro card*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/nqplhq91ee471.png?width=680&format=png&auto=webp&s=b1e578460e7b924a8d1f3c560507c8ba95d19ff5)
|
||||||
|
|
||||||
|
GME what we learned yesterday
|
||||||
|
|
||||||
|
- Smaller than expected net income loss
|
||||||
|
|
||||||
|
- More than $770MM cash on the balance sheet
|
||||||
|
|
||||||
|
- Poached key Amazon executives
|
||||||
|
|
||||||
|
- Pivot to E-commerce
|
||||||
|
|
||||||
|
- In addition to ex-Amazon hires, ex-FB and google
|
||||||
|
|
||||||
|
- New NFT platform
|
||||||
|
|
||||||
|
- No debt
|
||||||
|
|
||||||
|
- Price matching
|
||||||
|
|
||||||
|
- Same day delivery, new fulfilment centres
|
||||||
|
|
||||||
|
- Social media presence
|
||||||
|
|
||||||
|
- Opening community hubs for gaming
|
||||||
|
|
||||||
|
- Brand recognition
|
||||||
|
|
||||||
|
All this aaaaand the stock price goes down... wut?
|
||||||
|
|
||||||
|
A lot of information was dumped yesterday all at once, so let's get cracking shall we dudes?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/2vay5eisee471.png?width=1286&format=png&auto=webp&s=2abf52e1bdd33cbe4a4958436701447f6e2e3a10)
|
||||||
|
|
||||||
|
Diana Saadeh-Jajeh (current interim Chief financial officer) will be replaced by Mike Recupero, and will be stepping down to her old position.
|
||||||
|
|
||||||
|
Matt Furlong will be the new CEO for GME, start date is June 21st.
|
||||||
|
|
||||||
|
Mike Recupero the new CFO Start July 12th
|
||||||
|
|
||||||
|
[Source](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and)
|
||||||
|
|
||||||
|
Matt Furlong:
|
||||||
|
|
||||||
|
Matt has been with Amazon for the past 8/9 years and has extensive knowledge of the technical side of things and has been the "country leader" for amazon for the past 2 years.
|
||||||
|
|
||||||
|
Mike Recupero:
|
||||||
|
|
||||||
|
Mike has been with Amazon for the past 17 years, he has experience with among other things the financial planning, digital advertisement, consumer business end, being the VP finance and CFO for Amazon Prime video and was the vp and CFO for north america.
|
||||||
|
|
||||||
|
Even though we may not know a lot about these guys right now I'm sure that RC has chosen these people for a reason and as he said it "putting the right pieces in the right places".
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ezkb709fge471.png?width=661&format=png&auto=webp&s=75f898434ca538b493ac64799bf9495d1b7d2a2b)
|
||||||
|
|
||||||
|
GameStop Releases First Quarter 2021 Financial Results
|
||||||
|
|
||||||
|
Form 8-K
|
||||||
|
|
||||||
|
<https://gamestop.gcs-web.com/node/18941/html>
|
||||||
|
|
||||||
|
Ok wow, lets go over some bulletins points what is in the 8k (I'll go over the details in a bit).
|
||||||
|
|
||||||
|
First Quarter Fiscal 2021 Highlights
|
||||||
|
|
||||||
|
- Net sales increased 25.1% to $1.277 billion, compared to $1.021 billion in the fiscal 2020 first quarter, overcoming a nearly 12% reduction in the Company's global store base due to strategic de-densification efforts, and continued store closures across Europe due to the COVID-19 pandemic;
|
||||||
|
|
||||||
|
- Gross margin was 25.9%, a decline of 180 basis points compared to the fiscal 2020 first quarter;
|
||||||
|
|
||||||
|
- Reported selling, general and administrative expenses were $370.3 million, a decline of $16.2 million, or 4.2%, from $386.5 million in the fiscal 2020 first quarter. Adjusted for severance, transformation and other costs, selling, general and administrative expenses were $351.7 million, a decline of $29.5 million, or 7.7%, from $381.2 million in the fiscal 2020 first quarter;
|
||||||
|
|
||||||
|
- Operating loss of ($40.8) million compared to ($108.0) million in the fiscal 2020 first quarter. Adjusted operating loss of ($21.6) million compared to ($98.8) million in the fiscal 2020 first quarter;
|
||||||
|
|
||||||
|
- Net loss of ($66.8) million, or ($1.01) per diluted share as compared to net loss of ($165.7) million, or ($2.57) per diluted share, in the fiscal 2020 first quarter. Adjusted net loss of ($29.4) million or ($0.45) per diluted share, compared to adjusted net loss of ($157.6) million or ($2.44) per diluted share in the fiscal 2020 first quarter;
|
||||||
|
|
||||||
|
- Adjusted EBITDA of ($0.7) million compared to ($75.5) million in the fiscal 2020 first quarter, and;
|
||||||
|
|
||||||
|
- Income tax expense was $1.3 million compared to income tax expense of $50.4 million in the fiscal 2020 first quarter.
|
||||||
|
|
||||||
|
Ok so this is all good news right? then why the fuck is MSM reporting it like they had extreme losses?
|
||||||
|
|
||||||
|
Going off of these numbers alone its amazing, zero debt, an increase in sales and cutting global operating by over half
|
||||||
|
|
||||||
|
[](https://preview.redd.it/taktybdehe471.png?width=1182&format=png&auto=webp&s=0f805e5ce78e66d29bb4e56a0e546c0e836dc6e4)
|
||||||
|
|
||||||
|
the 5.000.000 share offering
|
||||||
|
|
||||||
|
<https://gamestop.gcs-web.com/node/18961/html>
|
||||||
|
|
||||||
|
I still need to go over this one with a fine tooth comb to find everything that is in this document, the things that do stand out to me are just with the last share offering, they can offer up to 5 million shares OR a max aggregate of $1,276,950,000 usd.
|
||||||
|
|
||||||
|
What the exact details of the share offering is right now, I can't say but I will be going over everything as well as I can along with others and expect us to have more information in the days to come.
|
||||||
|
|
||||||
|
The 10-Q
|
||||||
|
|
||||||
|
<https://gamestop.gcs-web.com/node/18951/html>
|
||||||
|
|
||||||
|
this one ties back to the quarterly report, but with more details inside, one of those details that caught my eye however is the last sentence of page 21
|
||||||
|
|
||||||
|
> On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us.
|
||||||
|
|
||||||
|
Hmm may 26th what did Cohen post a few days later? oh yeah riiiight RIP DUMBASS
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yq9cpc17je471.png?width=461&format=png&auto=webp&s=4c20c655e5592c3f470ef8b48dba0ecb40c4b230)
|
||||||
|
|
||||||
|
The 14-A
|
||||||
|
|
||||||
|
<https://news.gamestop.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc>
|
||||||
|
|
||||||
|
2021 Proxy Statement Notice of 2021 Annual Meeting of Stockholders to Be Held on June 9, 2021
|
||||||
|
|
||||||
|
This seems to be the proxy voting materials that other people had already received before the meeting, but as per rules they have to disclose this after, as per the rules
|
||||||
|
|
||||||
|
I want to give a shoutout to [u/jth1](https://www.reddit.com/u/jth1/) for his exponential floor, because it seems to be accurate as hell for at least finding the lowest points for the stonk, which is awesome to have right now
|
||||||
|
|
||||||
|
[](https://preview.redd.it/uj0tiophje471.png?width=640&format=png&auto=webp&s=e8d0b5b61be2106ba3e324f1e2dce8cc65d7dcdb)
|
||||||
|
|
||||||
|
So buckle up
|
||||||
|
|
||||||
|
Reverse Repo hit 502.904 billion with 59 party members
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ur2oge7nje471.png?width=960&format=png&auto=webp&s=f8c21a2d44ace62da2eb77f71302426d6954af03)
|
||||||
|
|
||||||
|
For the people who expected yesterday we'd hear the overvoting, lets remember what Wes Christian said;
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hey09fyuje471.png?width=828&format=png&auto=webp&s=8b29000f6a5dede2a3f71948d9ba3354abe8514b)
|
||||||
|
|
||||||
|
Also lets look at some of the data we DO have.
|
||||||
|
|
||||||
|
The float on april 14th/15th was 54.16M [source](https://web.archive.org/web/20210414170020/https://finviz.com/quote.ashx?t=GME)
|
||||||
|
|
||||||
|
The votes yesterday came to about 55M Votes that's the entire float right?
|
||||||
|
|
||||||
|
So how come a lot of apes couldn't vote, lots of people being locked out, Etoro reporting only 63% have voted!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/74o6bhbeke471.png?width=640&format=png&auto=webp&s=ae12f546f4d6dd2eccf5a9dcf21f055a8bbfb373)
|
||||||
|
|
||||||
|
Not only to mention all the people who couldn't vote at all, the people who have added more shares to their account since april 15th (2 months of buying the dip), and brokers perhaps culling the voting numbers because let's remember what we have heard from the past ama's
|
||||||
|
|
||||||
|
[](https://preview.redd.it/47oigizale471.png?width=640&format=png&auto=webp&s=d154ad30d59d15240a455cd295f80cd25591d114)
|
||||||
|
|
||||||
|
Also on the votes check out this [thread](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) by [u/stronkape89](https://www.reddit.com/u/stronkape89/)
|
||||||
|
|
||||||
|
You can't report an overvote on an 8k form, we have seen fud like this before were we EXPECTED to see some sort of information in the document only to not have it and people would spread fud about it.
|
||||||
|
|
||||||
|
Or as the top comment on there even says by [u/Sioned-Song](https://www.reddit.com/u/Sioned-Song/)
|
||||||
|
|
||||||
|
> Gamestop 8K doesn't have a final vote count.
|
||||||
|
>
|
||||||
|
> Compare last year's:<https://investor.gamestop.com/node/18081/html>
|
||||||
|
>
|
||||||
|
> To this year's:<https://investor.gamestop.com/node/18956/html>
|
||||||
|
>
|
||||||
|
> Last year there is a statement with the total number of votes. That statement is missing from this year's document.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gwom0rdxne471.png?width=960&format=png&auto=webp&s=0972fc548f55e1b5db812f398248dd59ff59f29d)
|
||||||
|
|
||||||
|
it always was
|
||||||
|
|
||||||
|
this along with the SEC probe leads me to believe there is more at play here in the backstage that we just don't know about and we will have to wait to see what the results are regarding this, However reading all this I personally believe that we do still own the float, and nothing has changed.
|
||||||
|
|
||||||
|
Yesterday we saw a lot of attempts of FUD, and my god do I love Satori it was easy and simple to actually pick a lot of these idiots out, mostly new or newish accounts or revived dead accounts suddenly springing back to life to attack every chance they got, be it from attacking mods, people and the always classic "better sell, it's over" schtick.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6e3vgpmrne471.png?width=577&format=png&auto=webp&s=49a087966b762bdc325def13727ac888e59aecbf)
|
||||||
|
|
||||||
|
Breaking news, GME price falls to levels not seen since... 3 days?
|
||||||
|
|
||||||
|
Seriously for the new apes just relax guys, we expected this to be a long hard ride, but... a flash crash attempt and the stock only goes down 30/40 bucks... ok... that's nothing lol.
|
||||||
|
|
||||||
|
The thesis still stands
|
||||||
|
|
||||||
|
Buy and hold, and now we can add "buckle up" to it.
|
||||||
|
|
||||||
|
there are still a lot of things we don't know what GME is going to do with them, the Microsoft partnership, the nft, the ecommerce side of things, how they're going to adapt and pivot exactly (futures road map) so we hodl.
|
||||||
|
|
||||||
|
Again there was a lot of information that got dumped yesterday so it will take a few days until we have combed through everything and found all the information, so everything in here is just preliminary.
|
||||||
|
|
||||||
|
As soon as we all find stuff you'll see it pop up, I know lots of apes are currently hard at work getting to the bottom of everything because I'm with a group of people investigating some parts and I'm sure we are not the only ones, so relax sit back, read the documents, and if you grow a wrinkle share it with the group <3
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8qgymimloe471.png?width=554&format=png&auto=webp&s=37ed9b2bfa93f8c4bec798af80da52bee95ab282)
|
||||||
|
|
||||||
|
EXCELLENT!
|
||||||
|
|
||||||
|
Be friendly, help others!
|
||||||
|
|
||||||
|
as always we are here from all different walks of life and all different countries.
|
||||||
|
|
||||||
|
This doesn't matter as we are all apes in here, and apes are friends.
|
||||||
|
|
||||||
|
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||||
|
|
||||||
|
We help each other, we care for each other.
|
||||||
|
|
||||||
|
Ape don't fight ape, apes help other apes
|
||||||
|
|
||||||
|
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||||
|
|
||||||
|
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||||
|
|
||||||
|
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||||
|
|
||||||
|
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||||
|
|
||||||
|
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/za8fahwnoe471.png?width=400&format=png&auto=webp&s=2b2ce96b144548800f99aa25382df3d8f0b41c67)
|
||||||
|
|
||||||
|
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||||
|
|
||||||
|
If anything happens throughout the day we will be adding it here.
|
||||||
|
|
||||||
|
backups:
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
Edit 1:
|
||||||
|
|
||||||
|
Short Volume Ratio Update for 9. June 2021 [#GME](https://twitter.com/hashtag/GME?src=hashtag_click) from AnnihilationGod
|
||||||
|
|
||||||
|
<https://twitter.com/Annihil4tionGod/status/1402908783525961729>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ggwxmpw5re471.png?width=4096&format=png&auto=webp&s=25378ad9313ffe18a97dc465d17b4a45785e8296)
|
||||||
|
|
||||||
|
hmmmm my wrinkle in crinkling 🤔
|
185
Daily-Synopsis-Archives/2021-06-11-Synopsis.md
Normal file
185
Daily-Synopsis-Archives/2021-06-11-Synopsis.md
Normal file
@ -0,0 +1,185 @@
|
|||||||
|
The Daily Stonk 06-11-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxbw7s/the_daily_stonk_06112021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xsswlws4ol471.png?width=1600&format=png&auto=webp&s=558b04ade84e360e8b261b2920e4a1029234320b)
|
||||||
|
|
||||||
|
Good Morning San Diago,
|
||||||
|
|
||||||
|
I am Rensole and this is your daily news.
|
||||||
|
|
||||||
|
Does anyone smell that?
|
||||||
|
|
||||||
|
*insert flashy intro card*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/b55a4qk6ol471.png?width=680&format=png&auto=webp&s=2c8631147372ac92efd6b5bebe97fcbf6296828e)
|
||||||
|
|
||||||
|
You get a reverse repo, you get one, everyone gets one!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/kwcoif2lol471.png?width=640&format=png&auto=webp&s=a0ed060a09ae96513d640e101c23393c145a163d)
|
||||||
|
|
||||||
|
Reverse repo's have hit a all time high again for the 5th day in a row?
|
||||||
|
|
||||||
|
I remember reading there was a 500 B maximum or 80 B per participant max, but then again what is 4 trillion split among friends right?
|
||||||
|
|
||||||
|
Also because there seems to be some misinformation regarding repo's lets check it real quick
|
||||||
|
|
||||||
|
*In a macro example of RRPs, the Federal Reserve Bank (Fed) uses repos and RRPs in order to provide stability in lending markets through open market operations (OMO). The RRP transaction is used* *less* *often than a repo by the Fed, as a repo puts money into the banking system when it is short, whereas an RRP borrows money from the system when there is too much liquidity. The Fed conducts RRPs in order to maintain long-term monetary policy and ensure capital liquidity levels in the market.*
|
||||||
|
|
||||||
|
Source: <https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp>
|
||||||
|
|
||||||
|
A lot of people here seem to think that the fed is lending the hedgefunds money but this time its the other way around, the feds are the ones taking money and not lending it, but again seeing that it has a 0.0% award (no motivation for the others to participate) I believe they are "parking" money there because there is nothing out there that's a better spot.
|
||||||
|
|
||||||
|
Seeing a lot of people (like big brain Dr. Michael Burrrrrry) believe there is a huge market crash coming, it may be one of the better places to park your money because even if the rest of the market goes bust, the government (fed) will still have most of your money, so the reverse repo could in theory be used as a hedge against a market crash.
|
||||||
|
|
||||||
|
(or as I believe may be the problem, hedgefunds like Citadel going bust would cause a "contagion" effect once they go bust, resulting in an overall market crash)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/btg538upql471.png?width=855&format=png&auto=webp&s=31c37a5ae0d163bcfee15ef33c6aa6b5ba8afbf9)
|
||||||
|
|
||||||
|
thanks to u/Shiba_me_timbers
|
||||||
|
|
||||||
|
New fair value for the stonk
|
||||||
|
|
||||||
|
Morning star has released their new "fair value" estimation for the stock.
|
||||||
|
|
||||||
|
it currently sits at 315.98 usd per share, meaning that by todays estimates of the stock (current price is 231.80) is heavily underpriced.
|
||||||
|
|
||||||
|
But that dip yesterday... hmmm gme said they may offer 5 million more shares right ? and the float was 70.7 million shares
|
||||||
|
|
||||||
|
Addendum:
|
||||||
|
|
||||||
|
it seems that the ortex data picture was debunked so I've removed it, as we can not confirm this is indeed a share offering or not (the filing is worded in a way that they reserve the right to do so and this is very normal for any annual meeting docs, then we don't know if and when they will be offered) so the next segment will be crossed out as I no longer believe these parts to be correct
|
||||||
|
|
||||||
|
~~Seems GME has added 3.57 million shares yesterday, meaning that today they can offer another 1.43 million shares, we get a massive dip and most likely see it rebound back to (at least) the minimum fair value.~~
|
||||||
|
|
||||||
|
And I'm currently still going through the filings from the annual shareholder meeting, but this would give them over a billion dollars extra bringing up their cash in hand to almost two billion usd. they could use that money for an extremely big variety of reasons, they can buy other companies, they can expand in certain areas they're not currently in or even pay for a special dividend
|
||||||
|
|
||||||
|
filing that seems to be connected to this: <https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm>
|
||||||
|
|
||||||
|
One thing that I also believe that may be an option as of right now but is extremely tinfoilling hard.
|
||||||
|
|
||||||
|
Currently RC owns 12% and had a deal with the old board that he wouldn't buy more then 20%, perhaps with the new board in place his deal gets changed and he can buy more than the originally agreed 20%, or with the new share offering he can buy those and get up to the 20% mark and not be in breach of the contract.
|
||||||
|
|
||||||
|
Again that last part is pure speculation on my end and have nothing to back that up with.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9hnrxszksl471.png?width=600&format=png&auto=webp&s=dac32185118bf43ea270fe72c60424c5a2d004f0)
|
||||||
|
|
||||||
|
our in house exponential floor guy [u/JTH1](https://www.reddit.com/u/JTH1/) has been doing a chart for some time now and god damn it holds up...
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7blmqibrsl471.png?width=640&format=png&auto=webp&s=2637348278dd874bea3a6dc114c6effdca595577)
|
||||||
|
|
||||||
|
in his own words:
|
||||||
|
|
||||||
|
06/10 UPDATE: Broke the log-floor by ~1% ( ~5% in linear price scale ). I'd say that's within the reasonable margin of error for an equation I eyeballed ~4 weeks ago,
|
||||||
|
|
||||||
|
he originally made this weeks ago and posted [here](https://www.reddit.com/r/Superstonk/comments/ng2uzn/exponentially_increasing_floor_confirmed/) on how the floor is linear and exponential and other smart brain talk but, seeing he eyeballed this motherfucker 4 weeks in advance within a <1% margin of error... he may be the most wrinkly log ape we have here.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/runh2auqtl471.png?width=860&format=png&auto=webp&s=bb2a62fb4300e7c9a96772b2e8a0ee153404e7e7)
|
||||||
|
|
||||||
|
Melvin loses more paper... again
|
||||||
|
|
||||||
|
<https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510>
|
||||||
|
|
||||||
|
Remember until they close out their positions all these losses you hear about are losses on paper alone.
|
||||||
|
|
||||||
|
Looks like the SEC finally has a porn blocker
|
||||||
|
|
||||||
|
<https://twitter.com/domocapital/status/1403071172141531138?s=27>
|
||||||
|
|
||||||
|
"At a Wall Street Journal conference earlier this week, Gensler said that the agency was looking at how an increasing proportion of trading occurs off exchanges, on platforms run by high-frequency traders." Now we know where Gary gets his DD: [r/Superstonk](https://www.reddit.com/r/Superstonk/)
|
||||||
|
|
||||||
|
Rememeber that 10Q filing ?
|
||||||
|
|
||||||
|
<https://gamestop.gcs-web.com/node/18951/html>
|
||||||
|
|
||||||
|
> On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0ovnjmrmul471.png?width=480&format=png&auto=webp&s=3367ab839ebf5b50ba5d72f358001f1bbb181b4f)
|
||||||
|
|
||||||
|
Inflation is up once more
|
||||||
|
|
||||||
|
<https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live>
|
||||||
|
|
||||||
|
And remember everyone the weekend is upon us, go outside have some fun, there is no need to fight the trolls/shills here in the weekend ;)
|
||||||
|
|
||||||
|
go and have some fun
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6prxhq2mvl471.png?width=554&format=png&auto=webp&s=c5a5fd40d4f3afbfec73b0fd314071129690adac)
|
||||||
|
|
||||||
|
EXCELLENT!
|
||||||
|
|
||||||
|
Be friendly, help others!
|
||||||
|
|
||||||
|
as always we are here from all different walks of life and all different countries.
|
||||||
|
|
||||||
|
This doesn't matter as we are all apes in here, and apes are friends.
|
||||||
|
|
||||||
|
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||||
|
|
||||||
|
We help each other, we care for each other.
|
||||||
|
|
||||||
|
Ape don't fight ape, apes help other apes
|
||||||
|
|
||||||
|
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||||
|
|
||||||
|
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||||
|
|
||||||
|
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||||
|
|
||||||
|
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||||
|
|
||||||
|
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/z5pmcmgovl471.png?width=400&format=png&auto=webp&s=51f5c8819f388d55b47f218bada2e3890851b2be)
|
||||||
|
|
||||||
|
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||||
|
|
||||||
|
If anything happens throughout the day we will be adding it here.
|
||||||
|
|
||||||
|
backups:
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
Edit: AnnulationGod's daily tracking of the volume
|
||||||
|
|
||||||
|
[](https://preview.redd.it/soyiftgpwl471.png?width=4096&format=png&auto=webp&s=20670783d1265620d677c4034e2404bf33ced9cc)
|
||||||
|
|
||||||
|
Edit 2:
|
||||||
|
|
||||||
|
Due to a mix up on my part earlier (i included an Ortex image which was debunked) there have been some posts about the amount of shares
|
||||||
|
|
||||||
|
Credits: [u/karasuuchiha](https://www.reddit.com/u/karasuuchiha/)
|
||||||
|
|
||||||
|
> Edit: I want to be clear the dip can be both the ETF Shorting and a Gamestop Offering, but 🦍s wouldn't find out until well later during a quarterly report or announcement if Gamestop sells any shares.\
|
||||||
|
> From an 🦍, the increase is from shares for the CEO and CFO, Shares sold from the offering won't be shown if any have been sold , atm we only know of Kenny doing the dip via ETFs and Mayo.\
|
||||||
|
> Extra Data:\
|
||||||
|
> The 71.9 (estimation so 71.8) Million shares is also in Gamestops 2021 Financial News Release\
|
||||||
|
> "On April 26, 2021, the Company announced it raised approximately $551.7 million in net proceeds through the issuance of 3.5 million shares of common stock under its "at-the-market" equity offering program, resulting in total shares outstanding of approximately 71.9 million."
|
||||||
|
|
||||||
|
Credits: [u/hudnetj23](https://www.reddit.com/u/hudnetj23/)
|
||||||
|
|
||||||
|
> The part about the offering seems wrong. I don't know how to raise awareness about this other than commenting. I wrote you a message fering. The shares outstanding was 74.2718 but they recently restricted 2.436M shares which I presume to be for the CEO, CFO and Board members.\
|
||||||
|
> Per Prospectus "The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date."\
|
||||||
|
> "Common stock to be outstanding: Up to 76,815,131 shares (as more fully described in the notes following this table), assuming sales of 5,000,000 shares of our common stock in this offering."\
|
||||||
|
> Source: sec.report and my bloomberg terminal. We won't know once the ATM offering is complete until they file with the SEC
|
||||||
|
|
||||||
|
Thank you guys for giving feedback so fast and making sure we keep the info accurate
|
||||||
|
|
||||||
|
Team work makes the dream work! Thank you!
|
@ -0,0 +1,49 @@
|
|||||||
|
European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street... and the Feds Have Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days
|
||||||
|
======================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/CuriousCatNYC777](https://www.reddit.com/user/CuriousCatNYC777/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Original article: <https://www.money.it/Fed-repo-miliardi-Wall-Street>
|
||||||
|
|
||||||
|
Translated from Italian to English using Google Translate (Italian Apes, feel free to correct)
|
||||||
|
|
||||||
|
The Fed has guaranteed repo for 400 billion in two days: what happens on Wall Street?
|
||||||
|
|
||||||
|
By Mauro Bottarelli (Money.it)
|
||||||
|
|
||||||
|
May 12th 2021
|
||||||
|
|
||||||
|
*After yesterday's $181 billion, today another $209 towards 39 requesting institutions. Is someone running into margin calls that risk turning the snowball into an avalanche? Two clues: the greatest contribution to the record leap in inflation came from used cars (consumer credit). While the largest corporate bond ETF has just seen short interest soar over 20%. A tip: fasten your seat belts*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/g0g840rgtty61.png?width=680&format=png&auto=webp&s=1a3629686110ec4830068c0f6b54325eb8553d1a)
|
||||||
|
|
||||||
|
It is not the deep red numbers of the indices that are scary, but what moves under the track. After the 181.8 billion in reverse repo kindly guaranteed by the Fed at zero interest to 28 financial institutions yesterday, it was repeated today. Another $ 209.25 billion at 0% against 39 bidders. In fact, in two days the Federal Reserve "lent" about 400 billion dollars to interest-free banks against collateral whose real mark-to-market seems to be implicitly priced in the crashes in progress. Translated further, someone in the last 48 hours had to cover something.
|
||||||
|
|
||||||
|
Most likely, margin calls ready to explode. Exactly as happened overnight on the Taiwan Stock Exchange. There is no point in using polite euphemisms: for two days in a row, someone on Wall Street was bailed out by the Fed. And to do so they were forced to field just under half a trillion dollars. It means that what was about to happen was of enormous magnitude. The mind obviously runs to the wild leverage of subjects like ARK Investment or Ponzi schemes like that of Archegos or Greensill. In short, Level 3. But unfortunately, perhaps what is taking place is the classic historical moment in which resorting to Occam's razor guarantees the most effective result. Quite simply, the system is imploding from its excesses. And, even worse, the Fed is increasing its exposure in an emergency and forced attempt to plug the biggest holes.
|
||||||
|
|
||||||
|
Today, the US CPI figure made an impression, the highest since 1981 with its + 0.9% on a monthly basis against expectations for 0.3%. But the disturbing data is contained in this graph:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hwnu7vmrtty61.png?width=528&format=png&auto=webp&s=38b2ca1b3f751e0f2e1ea8815e113f0c30c1ebbc)
|
||||||
|
|
||||||
|
Source: Pearkes
|
||||||
|
|
||||||
|
from which it is clear that the greatest contribution to that leap comes substantially from the used car sector. In fact, a critical multiplier within the real economy. On the one hand, in fact, it acts as a proxy for the production difficulties in the "new" branch due to the shortage of semiconductors, on the other it shows the nefarious and immediate effects of the deluge of liquidity that rained down on the current accounts of millions of Americans with the federal check Biden pandemic support plan.
|
||||||
|
|
||||||
|
Further problem? Consumer credit based on this trend is, in fact, securitized in real time: when the frenzy of transfers through subsidies will end and purchasing power will be halved, what dynamics will be activated in the sector? The mind runs to subprime mortgages. But even worse is the scenario that this second graph shows us:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fltyylzutty61.png?width=1200&format=png&auto=webp&s=486bb2934b4e4eb95cdf63be55da63515c5ad41d)
|
||||||
|
|
||||||
|
Source: Bloomberg
|
||||||
|
|
||||||
|
which shows how the largest ETF linked to corporate debt, iShares iBoxx $ Investment Grade Corporate Bond (LQD), a $ 41 billion colossus, has just registered a short interest at 21.5% of the outstanding. The boiling price is frightening credit investors, so much so that in the face of a $ 15 billion inflow in 2020, the fund has already suffered $ 11.3 billion outflows since the beginning of the year.
|
||||||
|
|
||||||
|
Excessive fear? Maybe. But only on one condition can a trend similar to a passing jolt be realistically declassified: a Fed that does not move an inch from its expansive profile. And, indeed, you increase the value of the intervention. Otherwise, the pressure will become unbearable. And those 400 billion reverse repo put in place in the last two days, in the light of all this, appear more and more the canary in the mine of a credit event waiting to be revealed. On the other hand, it was precisely an overnight jolt in September 2019 that brought the Fed back into the field after ten years on autopilot: it had to be a buffer intervention with repo auctions for a week. They turned into over seven months of billionaire tri-weekly allotments, in repo but also term mode. Dèjà vu, definitely dangerous?
|
||||||
|
|
||||||
|
HOLY MOLY
|
@ -0,0 +1,12 @@
|
|||||||
|
4th largest Canadian bank to ban short selling of GME and others. Buddy sent me this pic. Can this be confirmed?
|
||||||
|
================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/speedyturtle4](https://www.reddit.com/user/speedyturtle4/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntwd6q/4th_largest_canadian_bank_to_ban_short_selling_of/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Question ❓](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/ixluw23nsp371.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
So, the largest reverse repo in history was today, $486 billion..😳🍿👀 not my image. WRINKLES! where art thou? Does this mean what i think it means? Is this a metrick F@%! Ton of tiddies and tendie fuel?
|
||||||
|
============================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Rowspicyplaydoe](https://www.reddit.com/user/Rowspicyplaydoe/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nuifwi/so_the_largest_reverse_repo_in_history_was_today/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/to6vvkqrqv371.jpg)
|
@ -0,0 +1,82 @@
|
|||||||
|
AMC, GME Squeeze will be apart of the next financial crisis. Reverse Repo market and Synthetic Shares.
|
||||||
|
======================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/scubasteve1234](https://www.reddit.com/user/scubasteve1234/) | [Reddit](https://www.reddit.com/r/amcstock/comments/nwc6vx/amc_gme_squeeze_will_be_apart_of_the_next/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD](https://www.reddit.com/r/amcstock/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Hello, my fellow apes
|
||||||
|
|
||||||
|
I am a 20 year old Canadian university student that invested in the original AMC "squeeze". I had little investing experience and knowledge, but over the past 6 months I have read so much to do with AMC and GME stock that I think this is going to be the next financial crisis. Here's a screenshot of my positions, as well you can check my post history. I am no shill.
|
||||||
|
|
||||||
|
<https://imgur.com/a/e2kXPZ8>
|
||||||
|
|
||||||
|
Let's begin, over the past few weeks the FED has been going crazy with reverse repo operations. Today they past their cap of 500 billion dollars and settled a reverse repo operation of 502.904 billion dollars. Here is the history of reverse repos.
|
||||||
|
|
||||||
|
<https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000>
|
||||||
|
|
||||||
|
What is a reverse repo? Well from Investopedia "A [reverse repurchase agreement (RRP)](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) is an act of buying securities with the intention of returning, or reselling, those same assets back in the future at a profit. This process is the opposite side of the coin to the repurchase agreement. To the party selling the security with the agreement to buy it back, it is a repurchase agreement. To the party buying the security and agreeing to sell it back, it is a reverse repurchase agreement. The reverse repo is the final step in the repurchase agreement, closing the contract."
|
||||||
|
|
||||||
|
<https://www.investopedia.com/ask/answers/041615/what-difference-between-repurchase-agreement-and-reverse-repurchase-agreement.asp>
|
||||||
|
|
||||||
|
Why has the FED been going so crazy with these reverse repo agreements? Simple, there is way too much money in the American economy. Since the pandemic started, the FEDs money printer has been going BRRRRRRRRRRRRR. Here is a screen shot of the current inflation adjusted charts of the S&P 500, Dow and NASDAQ:
|
||||||
|
|
||||||
|
<https://www.advisorperspectives.com/dshort/updates/2021/06/04/the-s-p-500-dow-and-nasdaq-since-their-2000-highs>
|
||||||
|
|
||||||
|
Why is this an issue? Well, because the fed has been printing money and giving it to the American people through stimulus checks and the amount of spending has gone down through the pandemic, the American people have more money parked in the big banks than ever before. The big banks are currently losing money on interest payments because of all this money. This is where the repo market comes into play. The banks don't want all this money, so they perform repo contracts with the FED. The banks are buying securities in the form of treasury bonds from the fed in order to get rid the money. The Fed then has to buy these securities back at a later date, and higher price. This is the essence of the repo market. The banks and the fed are using the repo market as a way to keep interest rates within their targets and control the amount of liquidity they both have. The FED wants to keep printing money to keep the economy running and the banks want to get rid of the printed money to keep the lights on. Now, how does this tie in with AMC and GME? Throughout the pandemic, large hedge funds such as shitadel have been shorting the absolute shit out of everything. This includes AMC, GME and other "meme" stocks, as well as treasury bonds. Yes, citadel has been even shorting treasury bonds.
|
||||||
|
|
||||||
|
<https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/>
|
||||||
|
|
||||||
|
This is where it gets interesting. Since apes like you and I have been buying and holding AMC, GME the price has gone up due to gamma squeezes, momentum and some legal shorts covering. Shorts have been losing hundreds of millions of dollars on these stocks every day. The hedge funds currently are using options contracts, along with purchased shares to keep some profits going from the rising price, in order to short the stock even more. This is why it has been going on for so long. They lose money from these terrible short bets, but allow the price to rise and gain some cash from options contracts and other derivatives. As well, they route buying trades through the dark pools so it does not affecting the current market price, but then sell those same shares on the open market, which lowers the price. There is a feedback loop between the banks, FED and hedge funds.
|
||||||
|
|
||||||
|
FED prints money which goes into economy.
|
||||||
|
|
||||||
|
Banks receive this money and have to pay interest
|
||||||
|
|
||||||
|
Banks perform repo operations with the FED to get rid of this money
|
||||||
|
|
||||||
|
FED then has to buy these securities back at a higher price, as seen today with 502.904 billion dollars bought back of these securities.
|
||||||
|
|
||||||
|
Since citadel is a market maker, they allow the flow of these securities. But they have been shorting the fuck out of these bonds and a lot of different stocks throughout the pandemic. So how does it all end? The feedback loop will eventually be broken due to the increasing interest payments of losing short positions. When this happens, the banks won't be able to keep performing these repos, the FED won't be able to perform reverse repos, interest rates will either sky rocket or go negative I'm not sure which but I can tell you either one of those options will crash the economy. The FED and the banks have two options right now, hyperinflation and great depression. They can't keep this dance going for much longer since it is pretty much confirmed today that there is indeed ILLEGAL shorting happening to AMC and probably GME too.
|
||||||
|
|
||||||
|
<https://investor.amctheatres.com/newsroom/news-details/2021/AMC-Entertainment-Holdings-Inc.-Announces-Shareholder-Count/default.aspx#:~:text=Commenting%20about%20the%20share%20count,holding%20of%20around%20120%20shares>.
|
||||||
|
|
||||||
|
"Commenting about the share count, AMC President and CEO Adam Aron said, "The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares."
|
||||||
|
|
||||||
|
Taken from Yahoo finance:
|
||||||
|
|
||||||
|
Shares Outstanding 513.33M
|
||||||
|
|
||||||
|
% Held by Insiders 0.33%%
|
||||||
|
|
||||||
|
% Held by Institutions 23.33%
|
||||||
|
|
||||||
|
Apes own at least 80% of the shares
|
||||||
|
|
||||||
|
513.33MM *.8 = 410.664MM shares owned by retail.
|
||||||
|
|
||||||
|
Let's take a look at institutional ownership.
|
||||||
|
|
||||||
|
<https://fintel.io/so/us/amc>
|
||||||
|
|
||||||
|
Institutional Shares 135,848,911. Uh oh, let's add these shares up now.
|
||||||
|
|
||||||
|
410.664mm + 135,848,911 = 546.492911MM shares
|
||||||
|
|
||||||
|
Oh no! There is more shares owned then what the company publically states is available. What does this mean? NAKED FUCKING SHORTING/SYNTHETIC SHARES ARE REAL. Oh boy oh boy are we ever in for a shit show now. The FED will keep printing money, but the banks can no longer get rid of it because shitadel and friends are getting squeezed up the ass by apes like us, the whole market crashes worse than anything we have ever seen before. Before every historic market crash the margin debt of the market hits new highs, take a look what it's at now.
|
||||||
|
|
||||||
|
<https://www.investors.com/how-to-invest/investors-corner/what-is-margin-debt/>
|
||||||
|
|
||||||
|
<https://www.advisorperspectives.com/dshort/updates/2021/05/19/margin-debt-and-the-market-up-another-3-in-april-continues-record-trend>
|
||||||
|
|
||||||
|
I can also talk about Michael burry (the big short) taking short positions against tesla and the S&P 500, big institutions such as banks and insurance firms taking large long positions and how the price of AMC remained at around 5-8 dollars for many weeks during February, even though I would check the subredddit every day and it would be nothing but people posting how much stock they have been buying with stimulus checks, but I think this post is enough evidence for anyone with a mind to understand AMC,GME will moon and the market will crash. It will rebound because apes will buy up the cheap blue chip stocks and live of dividends for the rest of their lives, at least that's what I am planning to do. I am liquidating any amount of cash I can get my hands on and buying more AMC, GME. It is all in my tax free Canadian savings account so the tax man won't fuck me.
|
||||||
|
|
||||||
|
TL; DR: The banks and the fed perform repo operations with each other to keep the economy afloat. Shitadel and friends have been shorting the securities used in these operations. Synthetic shares are real and there is at least 30ish millions of them, but there could easily be billions off the books. Add that on to a known REPORTED short interest of around 20% or 100MM shares and we are in for the biggest transfer of generational wealth in history.
|
||||||
|
|
||||||
|
I am not a financial advisor, this is not financial advice, and I am just a 20 year old student that really likes the stock and sharing publically available information to other people that like the stock. Thanks!
|
||||||
|
|
||||||
|
Edit: I'm jacked right to the fucking tits. Thanks for support, will try to reply as much as possible.
|
@ -0,0 +1,65 @@
|
|||||||
|
US Inflation Rate Jumps to 5%, Highest Since 2008... The Ground is Rumbling.
|
||||||
|
============================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/RallyInTheNorth](https://www.reddit.com/user/RallyInTheNorth/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwopua/us_inflation_rate_jumps_to_5_highest_since_2008/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[theguardian.com/busine...](https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live)
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Article uploaded by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)**
|
||||||
|
|
||||||
|
US inflation climbs to highest rate since 2008
|
||||||
|
==============================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [Julia Kollewe](https://www.theguardian.com/profile/juliakollewe) and [Graeme Wearden](https://www.theguardian.com/profile/graemewearden)| [The Guardian](https://www.theguardian.com/business/2021/jun/10/us-inflation-highest-rate-stocks-consumer-price-index) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Stocks rally to fresh highs as data shows consumer price index rose at annual rate of 5% in May
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
The S&P 500 stock market index hit a record high after the inflation announcement. Photograph: Angela Weiss/AFP/Getty
|
||||||
|
|
||||||
|
Inflation in the US has jumped to the highest rate since 2008 as the world's largest economy rebounds strongly from the coronavirus crisis.
|
||||||
|
|
||||||
|
The consumer prices index rose at an annual rate of 5% in May, up from 4.2% in April and the highest since August 2008, [according to the US Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm). Inflation has steadily climbed since January, when it was 1.4%.
|
||||||
|
|
||||||
|
Fears over rising prices in the US have gripped markets, with investors fearing that pent-up demand and supply chain bottlenecks would create inflationary pressures, forcing central bankers at the Federal Reserve to slow their stimulus programme.
|
||||||
|
|
||||||
|
But US stocks rallied on the news, with the S&P 500 touching a new high as traders anticipated that the inflationary surge would be temporary, allowing the Fed to put off tapering a bond-buying policy that has pumped money into global markets.
|
||||||
|
|
||||||
|
**"**US stocks rallied to a fresh record high after investors realised the punchbowl of stimulus is not going away any time soon," said Edward Moya of trading platform Oanda.
|
||||||
|
|
||||||
|
Core inflation, which strips out volatile items such as food and energy, leaped to the highest level since 1992. It rose 3.8% year-on-year, up from 3% in April.
|
||||||
|
|
||||||
|
Other official data showed that the number of initial claims for jobless benefits fell to its lowest since mid-March 2020, when the first wave of Covid-19 hit. There were 376,000 initial claims for state unemployment benefits last week, a drop of 9,000 from the 385,000 recorded in the prior week, and a near 15-month low.
|
||||||
|
|
||||||
|
This continues the steady fall in jobless claims in recent months, since the rapid Covid-19 vaccination programme has allowed the [US economy](https://www.theguardian.com/business/useconomy) to reopen and stage a recovery.
|
||||||
|
|
||||||
|
The cost of used cars and trucks climbed 7.3% in May from April, accounting for a third of the increase in inflation. Prices were 29.7% higher than a year earlier. They have risen in recent months because of a global semiconductor shortage that has held back car production, pushing people to enter the market for second-hand vehicles instead.
|
||||||
|
|
||||||
|
Energy prices also rose, by 28.5% year-on-year, including a 56% jump in gasoline prices compared with May 2020, when demand slumped due to the pandemic.
|
||||||
|
|
||||||
|
The cost of flights, household furnishings, new cars, rental cars and clothing rose during May.
|
||||||
|
|
||||||
|
Guardian business email sign-up
|
||||||
|
|
||||||
|
However, there was no need to panic about the jump in US inflation, said Ron Temple, the head of US equities at Lazard Asset Management. "Before hitting the panic button, investors should recognise that used cars, auto insurance, and air fares drove nearly half of the core CPI increase.
|
||||||
|
|
||||||
|
"These increases are all easily explained by depressed prices a year ago and the semiconductor shortage that has turbocharged used car prices. The next few months are likely to be noisy, and investors should focus on data this fall when schools are fully reopened and several million workers can rejoin the labour force."
|
||||||
|
|
||||||
|
The S&P 500 hit a fresh record high of 4,249.74 after the inflation report, before easing back a little.
|
||||||
|
|
||||||
|
Alastair George, the chief investment strategist at the investment firm Edison Group, said:"There is a lot of debate about the spectre of fast-rising inflation pressuring central banks to raise rates, or an unwelcome bond market selloff.
|
||||||
|
|
||||||
|
"We believe the data is still very noisy and say more about the rapidity of the rebound in demand which is welcome, rather than any signal about the long-term outlook for inflation."
|
@ -0,0 +1,13 @@
|
|||||||
|
Reverse Repo loan amounts by day since January
|
||||||
|
==============================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/xpurplexamyx](https://www.reddit.com/user/xpurplexamyx/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/gu4438m7huy61.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
Another record! $497.428 in Reverse Repo operations occurred today. Yesterday it was $486.097 0% to 46 participants. Today is $497.428 0% interest to 46 participants.
|
||||||
|
======================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv9990/another_record_497428_in_reverse_repo_operations/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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://i.redd.it/5m9m4381s2471.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
Reverse Repo Update $502.904 Billion with 59 party members.
|
||||||
|
===========================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Im_The_Goddamn_Dumbo](https://www.reddit.com/user/Im_The_Goddamn_Dumbo/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw17jd/reverse_repo_update_502904_billion_with_59_party/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/9hetr5vox9471.jpg)
|
@ -0,0 +1,35 @@
|
|||||||
|
GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer
|
||||||
|
======================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/sha_dow_fax](https://www.reddit.com/user/sha_dow_fax/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw50qe/gamestop_announces_appointments_of_chief/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[news.gamestop.com/news-r...](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and)
|
||||||
|
|
||||||
|
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**[Source](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) posted by [u/Meticulous](https://www.reddit.com/user/Meticulous-/)**
|
||||||
|
|
||||||
|
# GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer
|
||||||
|
|
||||||
|
|
||||||
|
***Matt Furlong, Veteran E-Commerce Leader and Technology Industry Executive, Appointed CEO***
|
||||||
|
|
||||||
|
***Mike Recupero, Seasoned Technology Industry Finance Executive, Appointed CFO***
|
||||||
|
|
||||||
|
GRAPEVINE, Texas, June 09, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today announced that it has appointed Matt Furlong as Chief Executive Officer and Mike Recupero as Chief Financial Officer. Mr. Furlong and Mr. Recupero join from Amazon, where they each held senior roles and oversaw various growth initiatives during their respective tenures. Mr. Furlong's start date is June 21, 2021 and Mr. Recupero's start date is July 12, 2021.
|
||||||
|
|
||||||
|
Mr. Furlong is a veteran e-commerce leader with significant experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon's Australia business during a period of substantial growth. He was previously a Technical Advisor to the head of Amazon's North America Consumer business. Throughout his nearly nine years at Amazon, he also ran a variety of product categories and oversaw strong market share expansion. Mr. Furlong began his career at Procter & Gamble, where he was an executive focused on brand, marketing and sales strategies.
|
||||||
|
|
||||||
|
Mr. Recupero is a seasoned technology industry finance executive, who spent more than 17 years at Amazon supporting growth across global geographies and product categories. He most recently served as Chief Financial Officer of the North American Consumer business after serving as Chief Financial Officer of Prime Video. He previously served as the Chief Financial Officer of the European Consumer business. He began his career at Amazon, holding Analyst, Manager and Director roles of increasing responsibility.
|
||||||
|
|
||||||
|
These appointments reflect the refreshed Board's focus on building a technology company and investing in growth.
|
||||||
|
|
||||||
|
**About GameStop**
|
||||||
|
|
||||||
|
GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. Visit [www.GameStop.com](https://www.globenewswire.com/Tracker?data=6ViyNfGuk-ZrK6kEnSazoV_G5A9hIp4eAIzJDOP7YzvADa64q7fX6VJPMpH_ShLEjdkI_dMO0OyTf2VrprsA1A==) to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at [www.facebook.com/GameStop](https://www.globenewswire.com/Tracker?data=phg7Zp7EY9GciMfxRF9TJH3nqUV51U68vNHfEGXdUwj2SpUTEWe89DKPQhT4IzR2641OL5zvdGc-R8Ba2fBAdKaBGqhj7P4CTPGzgu0PhpM=
|
@ -0,0 +1,11 @@
|
|||||||
|
US House Financial Services Committee Considering a Ban on Payment for Order Flow
|
||||||
|
=================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/ledonskim754](https://www.reddit.com/user/ledonskim754/) | [Reddit](https://www.reddit.com/r/finance/comments/n6uv7c/us_house_financial_services_committee_considering/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[tokenist.com/us-hou...](https://tokenist.com/us-house-financial-services-committee-considering-a-ban-on-payment-for-order-flow/)
|
@ -0,0 +1,35 @@
|
|||||||
|
SEC is monitoring meme stocks for fraud
|
||||||
|
=======================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/AdhesivenessRich2581](https://www.reddit.com/user/AdhesivenessRich2581/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nufn54/sec_is_monitoring_meme_stocks_for_fraud/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[𝗡𝗲𝘄𝘀](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A1%F0%9D%97%B2%F0%9D%98%84%F0%9D%98%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
<https://www.reuters.com/world/us/us-sec-says-observing-market-meme-stocks-rally-2021-06-07/>
|
||||||
|
|
||||||
|
"In addition, we will act to protect retail investors if violations of federal securities laws are found."
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Full Article posted by [u/Meticulous-](https://www.reddit.com/user/Meticulous-/)**
|
||||||
|
|
||||||
|
June 7, 20212:48 PM EDT
|
||||||
|
|
||||||
|
#### [Litigation](https://www.reuters.com/legal/litigation)
|
||||||
|
|
||||||
|
U.S. SEC says observing the market as "meme stocks" rally
|
||||||
|
=========================================================
|
||||||
|
|
||||||
|
[Reuters](https://www.reuters.com/authors/reuters/)
|
||||||
|
|
||||||
|
The Securities and Exchange Commission is observing markets and looking for any signs of misconduct and manipulation, the U.S watchdog said on Monday, as "meme stocks" including theater operator AMC Entertainment [(AMC.N)](https://www.reuters.com/companies/AMC.N) continued to gain.
|
||||||
|
|
||||||
|
Shares of AMC, supported by a pack of small-time individual traders jumped another 20% in morning trade, extending gains into a third week as message boards hummed with hype about the potential to squeeze Wall Street short-sellers. [read more](https://www.reuters.com/business/amc-jumps-19-funds-eye-bearish-bets-2021-06-07/)
|
||||||
|
|
||||||
|
"SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading, or other misconduct," a spokesperson for SEC said in a statement.
|
||||||
|
|
||||||
|
"In addition, we will act to protect retail investors if violations of federal securities laws are found."
|
318
Jungle-Beat-Archives/2021-06-07-Jungle-Beat.md
Normal file
318
Jungle-Beat-Archives/2021-06-07-Jungle-Beat.md
Normal file
@ -0,0 +1,318 @@
|
|||||||
|
The Jungle Beat- Monday 06-07-2021- 2 DAYS TIL ANNUAL MEETING!!
|
||||||
|
===============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/numi3i/the_jungle_beat_monday_06072021_2_days_til_annual/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mtvbjuy58w371.png?width=1426&format=png&auto=webp&s=6404a58bd9224e9bd618154d769cb1b81cf284bc)
|
||||||
|
|
||||||
|
u/bye_triangle u/pinkcatsonacid u/leaglese u/catto_del_fatto u/bradduck_flyntmoore
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
$GME Closing Price: $280.01
|
||||||
|
|
||||||
|
Open Price: $258.00
|
||||||
|
|
||||||
|
Daily High: $282.00
|
||||||
|
|
||||||
|
Daily Low: $255.20
|
||||||
|
|
||||||
|
Volume: 5.84 MM
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1wjxlzkmfw371.jpg?width=810&format=pjpg&auto=webp&s=3eb1a1c63416e8d119956b53a4ba70123ad746f6)
|
||||||
|
|
||||||
|
possible, it is
|
||||||
|
|
||||||
|
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||||
|
|
||||||
|
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||||
|
|
||||||
|
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||||
|
|
||||||
|
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
VOTE! SOME OF YOU STILL HAVE TIME!!
|
||||||
|
|
||||||
|
by [u/bye_triangle](https://www.reddit.com/u/bye_triangle/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/phecm0rkcw371.png?width=960&format=png&auto=webp&s=5cd0d108212428d987af3402260d07654bd57dc3)
|
||||||
|
|
||||||
|
Alright Apes,
|
||||||
|
|
||||||
|
The end is nigh, if you were given the opportunity to vote, and haven't yet... There is no excuse! If you want to see this Naked Short Selling scam brought to its knees then you have to make sure you submit your vote by the deadline.
|
||||||
|
|
||||||
|
*This cannot be put off any longer.* The Shareholders meeting is IN TWO DAYS!!! Though this may be getting repetitive, it needs to be heard.
|
||||||
|
|
||||||
|
VOTE YOUR SHARES
|
||||||
|
|
||||||
|
If you've already voted, then spread the word to others-- everyone needs to be reminded of the importance of this.
|
||||||
|
|
||||||
|
Do it for the companies that have been uncerimoniously killed by this practice
|
||||||
|
|
||||||
|
Do it for the people who lost their jobs because of these short sellers
|
||||||
|
|
||||||
|
Do it for the Apes who are being disinfranchized by their brokers
|
||||||
|
|
||||||
|
Do it for GameStop, who need the physical proof of the Naked Shorts
|
||||||
|
|
||||||
|
Do it for whatever reason inspires you most...
|
||||||
|
|
||||||
|
[](https://preview.redd.it/29aa3pqucw371.png?width=511&format=png&auto=webp&s=06b458225691db53d0f6a06e9c4b3dc343d54107)
|
||||||
|
|
||||||
|
Also comment !apevote! to get your special voted flair!
|
||||||
|
|
||||||
|
VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE!
|
||||||
|
|
||||||
|
____________________________________________________________________________________
|
||||||
|
|
||||||
|
Annual Shareholder Meeting 6-9 ( ͡° ͜ʖ ͡°)
|
||||||
|
|
||||||
|
*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||||
|
|
||||||
|
Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/bu4ej2wc9w371.jpg?width=1080&format=pjpg&auto=webp&s=3e54ca20d7bc0c63f8a73d2ca5895037442bbaa6)
|
||||||
|
|
||||||
|
June me @ January me- LOOK AT US
|
||||||
|
|
||||||
|
I want us all to have realistic expectations for the meeting... and I want to make it perfectly clear that this meeting is not the place to gather and have Woodstonk, (I promise that's a coming major event after MOASS!) but it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern.
|
||||||
|
|
||||||
|
So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, Monkey Business!
|
||||||
|
|
||||||
|
At 4:30 pm Eastern, Monkey Business will be live on Superstonk Live YouTube! Hosted by [u/jsmar18](https://www.reddit.com/u/jsmar18/) and [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/e6oohtor8w371.jpg?width=1024&format=pjpg&auto=webp&s=2f2bd3de9d96a8a5599b5cd8bc02423c692f16e6)
|
||||||
|
|
||||||
|
And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:
|
||||||
|
|
||||||
|
- Be overly respectful of the space and people around you. Pretend you are at a job interview.
|
||||||
|
|
||||||
|
- Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!)
|
||||||
|
|
||||||
|
- Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police.
|
||||||
|
|
||||||
|
- If you gather in any capacity, even to sing songs, gather peacefully.
|
||||||
|
|
||||||
|
- Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly.
|
||||||
|
|
||||||
|
- Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example!
|
||||||
|
|
||||||
|
- Most importantly, HAVE FUN!!! 🤙✌💖🚀
|
||||||
|
|
||||||
|
______________________________________________________________________________________
|
||||||
|
|
||||||
|
Mod Hiatus Update
|
||||||
|
|
||||||
|
*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||||
|
|
||||||
|
Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution.
|
||||||
|
|
||||||
|
Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action.
|
||||||
|
|
||||||
|
Therefore, please be advised of the following:
|
||||||
|
|
||||||
|
[u/StonkU2](https://www.reddit.com/u/StonkU2/) and [u/heyitspixel](https://www.reddit.com/u/heyitspixel/) have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. As such, please be aware that they are no longer representatives of the Superstonk mod team *at this time* and any communication from them is coming as an individual. We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. 💪
|
||||||
|
|
||||||
|
________________________________________________________________________________________
|
||||||
|
|
||||||
|
Deep Fucking Birthday Wishes 🥳🎊🎉
|
||||||
|
|
||||||
|
*by* [u/bradduck_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/)
|
||||||
|
|
||||||
|
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As many of you know, tomorrow is the birthday of the now-famous retail investor, DFV.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/m1fd78yxfw371.png?width=634&format=png&auto=webp&s=9acc86504392797d7f68960101d79f69245d234c)
|
||||||
|
|
||||||
|
Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot.
|
||||||
|
|
||||||
|
That means two things, apes: 1) Today and tomorrow's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation.
|
||||||
|
|
||||||
|
Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other.
|
||||||
|
|
||||||
|
Power to the Player! 🚀🌙
|
||||||
|
|
||||||
|
_______________________________________________________________________________________
|
||||||
|
|
||||||
|
Superstonkbot (the Whistle Blower Bot)
|
||||||
|
|
||||||
|
*by* [u/Leaglese](https://www.reddit.com/u/Leaglese/)
|
||||||
|
|
||||||
|
Howdy apes, your resident leaglese ape here to discuss an older feature within our new jungle beat feature!
|
||||||
|
|
||||||
|
Although I haven't been posting much, I've been badgering away in the background assisting with general modding, transcriptions and, what I want to talk to you about today, a tool for apes the team thinks could use some love.
|
||||||
|
|
||||||
|
Of course I'm referring to our very own anonymous DD StonkBot; the ultimate tool designed to attract DD from those who maybe can't post due to sub requirements or whatever reason anonymity provides an outlet for. It could even be you, dear reader.
|
||||||
|
|
||||||
|
It seems after a recent post about the bot, we saw a surge in activity, and we generally saw an increase in the quality of submissions made. Please note, this tool will soon expect the same post requirements we expect from the awesome DD posts apes have come to expect from our community, such as expecting minimum character counts and no image only submissions. This is to try and assist us in clearing the wheat from the chaff.
|
||||||
|
|
||||||
|
So I'm here to call on you all to spread the word and visibility of this tool, or engage! As our collective stonky vision and reach grows, so too does the potential for this bot to provide an anonymous means of DD drop from those late to the party, or for those unable to actively engage via an account. I mean, you can never have enough DD right?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/2rouwxwfcw371.jpg?width=538&format=pjpg&auto=webp&s=9c7f65afa1e434b74a3718867d7a695d2c25a864)
|
||||||
|
|
||||||
|
With the Jungle Beat's / our anchorman's blessing, depending on the quality of what we receive, we'll be trying to implement a special feature of the best anonymous DD within Jungle Beat or the news when we can going forwards; so all of you lurking who think you can't be involved or have your praises sung, think again!
|
||||||
|
|
||||||
|
Even if it is anonymous. You'll know.
|
||||||
|
|
||||||
|
I'm therefore calling all apes to spread the word and / or engage with this tool if you have solid information to share!
|
||||||
|
|
||||||
|
Who knows if this thing really kicks off, perhaps we can look to implement some more exciting features....
|
||||||
|
|
||||||
|
Leag
|
||||||
|
|
||||||
|
_______________________________________________________________________________________
|
||||||
|
|
||||||
|
Ghost in the Shill
|
||||||
|
|
||||||
|
*written by SATORI co-creator* [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/)
|
||||||
|
|
||||||
|
[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/)
|
||||||
|
|
||||||
|
The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes.
|
||||||
|
|
||||||
|
[SATORI dev, 2021 colourised](https://preview.redd.it/8rqw59r8mc371.jpg?width=400&format=pjpg&auto=webp&s=9f08a77aa72df51118e7201aa262d492f4908eee)
|
||||||
|
|
||||||
|
The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) - desperation is in the air, and it tells me everything I need to know.
|
||||||
|
|
||||||
|
As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time.
|
||||||
|
|
||||||
|
Solicitations, trolling & phishing in DMs
|
||||||
|
|
||||||
|
This tactic is as old as FUD itself, but it hasn't been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, please report these to Reddit and our mod team.
|
||||||
|
|
||||||
|
A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter.
|
||||||
|
|
||||||
|
Bad karma
|
||||||
|
|
||||||
|
Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/)
|
||||||
|
|
||||||
|
Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks.
|
||||||
|
|
||||||
|
We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively.
|
||||||
|
|
||||||
|
As with $GME as a stock, every vote matters.
|
||||||
|
|
||||||
|
Leveraging Apes and the weekend ennui
|
||||||
|
|
||||||
|
On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys.
|
||||||
|
|
||||||
|
So, where was SATORI?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0mghzm8phw371.png?width=2084&format=png&auto=webp&s=eaa258b2e0b961c6cf642995c6c762154c9677bd)
|
||||||
|
|
||||||
|
As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape.
|
||||||
|
|
||||||
|
We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later.
|
||||||
|
|
||||||
|
Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them.
|
||||||
|
|
||||||
|
I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to.
|
||||||
|
|
||||||
|
It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to check before posting.
|
||||||
|
|
||||||
|
The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) - will appreciate it dearly.
|
||||||
|
|
||||||
|
Tag teams
|
||||||
|
|
||||||
|
Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides.
|
||||||
|
|
||||||
|
[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
Hacked accounts & a final note on account security
|
||||||
|
|
||||||
|
We have received a surge in reports of Superstonk users' accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don't get complacent.
|
||||||
|
|
||||||
|
Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ)
|
||||||
|
|
||||||
|
[No hax for you, Kenny](https://preview.redd.it/h5x51vmaig371.jpg?width=400&format=pjpg&auto=webp&s=eb452a9bc53ad97bc8e2b68e3003e0c85a77ef3d)
|
||||||
|
|
||||||
|
TA;DR
|
||||||
|
|
||||||
|
While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much.
|
||||||
|
|
||||||
|
Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves.
|
||||||
|
|
||||||
|
This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately.
|
||||||
|
|
||||||
|
A sub is only as strong as its weakest link - B.H.V.F., and be strong.
|
||||||
|
|
||||||
|
Catto
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
Check out Lucy Komisar's New Article about her recent AMA on the SEC!
|
||||||
|
|
||||||
|
[Link to the Article](https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/)
|
||||||
|
|
||||||
|
It was honor to host you Lucy! 💪
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
"Congratulations (Wes), you got a lot of people looking up to you, hoping you can continue that 20 years worth of work, I think we're right at the finish line"- Charles Payne, FOX News
|
||||||
|
|
||||||
|
Pink here. From the whole mod team, Wes Christian, we are so proud of you and we support you in this fight against Naked Short Selling! [Link to interview](https://www.youtube.com/watch?v=VRVBbNYfAOM)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ermcx4xadw371.png?width=1157&format=png&auto=webp&s=c5ad96ee879a58bf52f151d4173c6f81de9d5820)
|
||||||
|
|
||||||
|
Wes Christian on FOX discussing NSS- photo cred u/BENshakalaka !
|
||||||
|
|
||||||
|
[](https://preview.redd.it/h231aepffw371.png?width=1149&format=png&auto=webp&s=48c56b232462b66f059e1dec80750a1aed71790a)
|
||||||
|
|
||||||
|
photo cred u/Benshakalaka
|
||||||
|
|
||||||
|
👀👀👀👀👀👀👀👀👀👀👀
|
||||||
|
|
||||||
|
[](https://preview.redd.it/5v097oondw371.jpg?width=952&format=pjpg&auto=webp&s=cdf99e49c835097e1c546e22e6164ccbc3e892fd)
|
||||||
|
|
||||||
|
______________________________________________________________________
|
||||||
|
|
||||||
|
Reddit down, wot do?
|
||||||
|
|
||||||
|
Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to:
|
||||||
|
|
||||||
|
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
________________________
|
||||||
|
|
||||||
|
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||||
|
|
||||||
|
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||||
|
|
||||||
|
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/npbtz16afw371.png?width=1600&format=png&auto=webp&s=319d6af93534966a2cf34e9f0b67e4f37c535ce0)
|
268
Jungle-Beat-Archives/2021-06-08-Jungle-Beat.md
Normal file
268
Jungle-Beat-Archives/2021-06-08-Jungle-Beat.md
Normal file
@ -0,0 +1,268 @@
|
|||||||
|
The Jungle Beat-Tuesday 06-08-2021- HAPPY BIRTHDAY DFV!! VOTE YOUR SHARES!!
|
||||||
|
===========================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvdlm2/the_jungle_beattuesday_06082021_happy_birthday/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
FROM EVERYONE AT SUPERSTONK, HAPPY FUCKING BIRTHDAY TO THE MAN, THE MYTH, THE LEGEND, KEITH GILL AKA [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) AKA THE ROARING KITTY!!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yst5srzmp3471.png?width=1426&format=png&auto=webp&s=ec0abcb085168e0ee37f347f6f15a9426c8ef57e)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
$GME Closing Price: $300
|
||||||
|
|
||||||
|
Open Price: $292.00
|
||||||
|
|
||||||
|
Daily High: $344.66
|
||||||
|
|
||||||
|
Daily Low: $281.00
|
||||||
|
|
||||||
|
Volume: 17.28 MM
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||||
|
|
||||||
|
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||||
|
|
||||||
|
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||||
|
|
||||||
|
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
Annual Shareholder Meeting 6-9 ( ͡° ͜ʖ ͡°)
|
||||||
|
|
||||||
|
Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vji1ncyspu371.jpg?width=1080&format=pjpg&auto=webp&s=e4d01bafa33dfa7ba8a5fd74e17460896748a9e3)
|
||||||
|
|
||||||
|
June me @ January me- LOOK AT US
|
||||||
|
|
||||||
|
I want us all to have realistic expectations for the meeting... and I want to make it perfectly clear that this meeting is not the place to gather and have Woodstonk. (I promise that's a coming major event after MOASS!) But it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern.
|
||||||
|
|
||||||
|
So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, Monkey Business!
|
||||||
|
|
||||||
|
At 4:30 pm Eastern, Monkey Business will be live on Superstonk Live YouTube! Hosted by [u/jsmar18](https://www.reddit.com/u/jsmar18/) and [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day! Stay tuned for more details!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qqkwtxkw12471.png?width=1024&format=png&auto=webp&s=2a9540f14d0ed8633d3e97fdab8ed1e1f28081e4)
|
||||||
|
|
||||||
|
And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:
|
||||||
|
|
||||||
|
- Be overly respectful of the space and people around you. Pretend you are at a job interview.
|
||||||
|
|
||||||
|
- Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!)
|
||||||
|
|
||||||
|
- Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police.
|
||||||
|
|
||||||
|
- If you gather in any capacity, even to sing songs, gather peacefully.
|
||||||
|
|
||||||
|
- Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly.
|
||||||
|
|
||||||
|
- Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example!
|
||||||
|
|
||||||
|
- Most importantly, HAVE FUN!!! 🤙✌💖🚀
|
||||||
|
|
||||||
|
_____________________________________________________________________________
|
||||||
|
|
||||||
|
Mod Hiatus Update
|
||||||
|
|
||||||
|
*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||||
|
|
||||||
|
Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution.
|
||||||
|
|
||||||
|
Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action.
|
||||||
|
|
||||||
|
Therefore, please be advised of the following:
|
||||||
|
|
||||||
|
[u/StonkU2](https://www.reddit.com/u/StonkU2/) and [u/heyitspixel](https://www.reddit.com/u/heyitspixel/) have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. As such, please be aware that they are no longer representatives of the Superstonk mod team *at this time* and any communication from them is coming as an individual. We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. 💪
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
LAST CALL
|
||||||
|
|
||||||
|
by [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/emkauipvz1471.png?width=1000&format=png&auto=webp&s=0609cb675c59e832390b12218035b13afbb98a4f)
|
||||||
|
|
||||||
|
Listen, its literally your last chance to vote. Today is the final day for most shareholders to vote, unless you made arrangements to vote at the meeting.
|
||||||
|
|
||||||
|
If you don't vote now, thats it... there isn't another chance. It doesn't matter how many or how few shares you have...every vote counts.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/b0q6k22k02471.png?width=900&format=png&auto=webp&s=83b64260ee6b4dec531b045045d5d62ed590edd6)
|
||||||
|
|
||||||
|
There is not much more to say that hasn't already been said thus far with regards to the vote. You know why its important. You have been told that this is how we expose the fraud. If you aren't already convinced then there is nothing more to be said.
|
||||||
|
|
||||||
|
Vote before you can't, almost out of time
|
||||||
|
|
||||||
|
Also comment !apevote! to get your special voted flair!
|
||||||
|
|
||||||
|
VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE!
|
||||||
|
|
||||||
|
________________________________________________________________________
|
||||||
|
|
||||||
|
Deep Fucking Birthday Wishes 🥳🎊🎉
|
||||||
|
|
||||||
|
*by* [u/bradduck_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/)
|
||||||
|
|
||||||
|
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As many of you know, today is the birthday of the now-famous retail investor, DFV.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/z5wk4095b2471.png?width=634&format=png&auto=webp&s=82e72b166e54b32bb78ec1696c7a0ae252044815)
|
||||||
|
|
||||||
|
Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot.
|
||||||
|
|
||||||
|
That means two things, apes: 1) Today's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation.
|
||||||
|
|
||||||
|
Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other.
|
||||||
|
|
||||||
|
________________________________________________________________________
|
||||||
|
|
||||||
|
ShareHOLDers Meeting
|
||||||
|
|
||||||
|
by [u/bradduck_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/)
|
||||||
|
|
||||||
|
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! I come to you today with news of our plans for the 6/9 GameStop Annual Shareholder meeting for 2021. Yes, after all this time, it is happening tomorrow! Many of you are already aware that your Ape-bassador recruited a bunch of volunteers who were planning on being at the meeting in person. To that end, we have coordinated with [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) to bring you all a live stream of the events!
|
||||||
|
|
||||||
|
The stream will be viewable on the never-monetized Superstonk YouTube channel and will begin at 10am ET. The feed will be switched between the various volunteers until the meeting starts. Since we do not know if any recording will be allowed inside, there is the possibility we will switch from our stream to theirs when the meeting gets underway at 11pm ET. The meeting is scheduled to last for 15 whole minutes, so do not be surprised if nothing too juicy comes out of it. Then again, maybe we will finally get to hear about the plans for GameStop's future! Nobody knows for sure, but we will do our best to bring you the info live. Our live stream will resume once the meeting commences, assuming we had to cut away in the first place.
|
||||||
|
|
||||||
|
We have already gone over expectations with the volunteers, but for those of you who will be there that are not presently aware: BEHAVE. The shareholder meeting is a thing of business and should be treated as such. Honestly, I'm not too concerned about legit Superstonk peeps, rather, any instigators that may attempt to wear the Superstonk mantle for the purposes of bringing shame upon the name. Shun them, disregard them, and point out non-apely behaviour. Kindness, patience, and knowledge are our weapons, and we utilize them well.
|
||||||
|
|
||||||
|
Once we wrap up, the volunteers will be going through their pics and vids and submitting the best captures to the mod team. So any ape that is interested in using some of the footage we collect for the purposes of hype-vids, just let me know and I'll get you on the list. There should be plenty for several unique videos, even if we get a lot of requests for the footage, so don't be shy.
|
||||||
|
|
||||||
|
Before I sign off, I'd like to point out that the vote total will almost definitely not be shared at the meeting. Typically, the results are released 3-5 days after the fact, as [u/atobitt](https://www.reddit.com/u/atobitt/) has mentioned on other threads. Do not be surprised if we see some fuckery with the price over the next several days, as that seems to be the go-to hedgie tactic any time GameStop has a meeting of any kind. Until tomorrow, buy, hold, vote if you can, and always be excellent to each other.
|
||||||
|
|
||||||
|
Power to the Player!
|
||||||
|
|
||||||
|
____________________________________________________________________________
|
||||||
|
|
||||||
|
Ghost in the Shill
|
||||||
|
|
||||||
|
*written by SATORI co-creator* [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/)
|
||||||
|
|
||||||
|
[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/)
|
||||||
|
|
||||||
|
The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8uqyy2nm92471.png?width=400&format=png&auto=webp&s=9fa877a494897aae3a5bc1f2804b8e14d958c1a6)
|
||||||
|
|
||||||
|
SATORI dev, 2021 colourised
|
||||||
|
|
||||||
|
The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) - desperation is in the air, and it tells me everything I need to know.
|
||||||
|
|
||||||
|
As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time.
|
||||||
|
|
||||||
|
Solicitations, trolling & phishing in DMs
|
||||||
|
|
||||||
|
This tactic is as old as FUD itself, but it hasn't been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, please report these to Reddit and our mod team.
|
||||||
|
|
||||||
|
A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter.
|
||||||
|
|
||||||
|
Bad karma
|
||||||
|
|
||||||
|
Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/)
|
||||||
|
|
||||||
|
Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks.
|
||||||
|
|
||||||
|
We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively.
|
||||||
|
|
||||||
|
As with $GME as a stock, every vote matters.
|
||||||
|
|
||||||
|
Leveraging Apes and the weekend ennui
|
||||||
|
|
||||||
|
On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys.
|
||||||
|
|
||||||
|
So, where was SATORI?
|
||||||
|
|
||||||
|
As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape.
|
||||||
|
|
||||||
|
We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later.
|
||||||
|
|
||||||
|
Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them.
|
||||||
|
|
||||||
|
I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to.
|
||||||
|
|
||||||
|
It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to check before posting.
|
||||||
|
|
||||||
|
The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) - will appreciate it dearly.
|
||||||
|
|
||||||
|
Tag teams
|
||||||
|
|
||||||
|
Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides.
|
||||||
|
|
||||||
|
[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
Hacked accounts & a final note on account security
|
||||||
|
|
||||||
|
We have received a surge in reports of Superstonk users' accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don't get complacent.
|
||||||
|
|
||||||
|
Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lv8hr16aa2471.png?width=400&format=png&auto=webp&s=21be93d4aed66633b51bf54c599b6232e464ad5d)
|
||||||
|
|
||||||
|
NO hax for you Kenny
|
||||||
|
|
||||||
|
TA;DR
|
||||||
|
|
||||||
|
While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much.
|
||||||
|
|
||||||
|
Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves.
|
||||||
|
|
||||||
|
This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately.
|
||||||
|
|
||||||
|
A sub is only as strong as its weakest link - B.H.V.F., and be strong.
|
||||||
|
|
||||||
|
Catto
|
||||||
|
|
||||||
|
__________________________________________________________________________________
|
||||||
|
|
||||||
|
Satori: The One Week Security Update (Important Information Inside)
|
||||||
|
|
||||||
|
[Important Security Update for June 8th by](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) [u/Grungromp](https://www.reddit.com/u/Grungromp/)
|
||||||
|
|
||||||
|
_______________________________________________________________-
|
||||||
|
|
||||||
|
Reddit down, wot do?
|
||||||
|
|
||||||
|
Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to:
|
||||||
|
|
||||||
|
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
________________________
|
||||||
|
|
||||||
|
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||||
|
|
||||||
|
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||||
|
|
||||||
|
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/h0eu7iscb2471.png?width=1600&format=png&auto=webp&s=6446e97ab5cbca1974c729a53165870a51f93e40)
|
252
Jungle-Beat-Archives/2021-06-09-Jungle-Beat.md
Normal file
252
Jungle-Beat-Archives/2021-06-09-Jungle-Beat.md
Normal file
@ -0,0 +1,252 @@
|
|||||||
|
The Jungle Beat 06/09/2021 - Shareholder Meeting + Q1 Earnings Day
|
||||||
|
==================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw5ben/the_jungle_beat_06092021_shareholder_meeting_q1/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jdsi51uy09471.jpg?width=1426&format=pjpg&auto=webp&s=c83c9dcc9ef9b03738c2ddfa78876025c87dd628)
|
||||||
|
|
||||||
|
u/bye_triangle u/pinkcatsonacid u/Leaglese u/Catto_Del_Fatto
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
$GME Closing Price: $301.40
|
||||||
|
|
||||||
|
Open Price: $292.00
|
||||||
|
|
||||||
|
Daily High: $328.00
|
||||||
|
|
||||||
|
Daily Low: $291.86
|
||||||
|
|
||||||
|
Volume: 10.8 mil
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
Surprise! B_T again!
|
||||||
|
|
||||||
|
Pink is on the road at the moment, she was lucky enough to go to Grapevine for the Shareholders meeting. I offered to step in and handle The Jungle Beat, one less thing to worry about! I hope you don't mind me subbing in for now!
|
||||||
|
|
||||||
|
Cheers,
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
[](https://preview.redd.it/64j1rt0noa471.png?width=1502&format=png&auto=webp&s=3f49703beb3eef6b544eb40698db1d90d155848b)
|
||||||
|
|
||||||
|
Got something cooking for us GameStop? E3 is when all the hype gaming-related announcements happen... Perhaps you've been keeping secrets from us 👀
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
SHAREHOLDERS MEETING
|
||||||
|
|
||||||
|
*"As my dad would say, Buckle-up"* Ryan Cohen, 🪑 of GameStop
|
||||||
|
|
||||||
|
🚀
|
||||||
|
|
||||||
|
This is how they adjourned the meeting. Absolutely legendary. We had a crazy amount of Apes watching the [Superstock live coverage](https://www.youtube.com/watch?v=a4SicgRYTmk)... 30k at the peak. The stream had a bit of turbulence, but I think all things considered it was a great time. Something to make the day a little more hype!
|
||||||
|
|
||||||
|
Huge Thank you to the anchorman himself, [u/Rensole](https://www.reddit.com/u/Rensole/), also [u/Atobitt](https://www.reddit.com/u/Atobitt/), and [u/Luridess](https://www.reddit.com/u/Luridess/) for hopping in on such short notice. The stream kind of made it feel like we all got to enjoy the meeting together. Certainly made *me* feel better about not being able to go.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mmacdmt38a471.png?width=2063&format=png&auto=webp&s=f5fd4434071733197591a9655651e05e7e3e4bb3)
|
||||||
|
|
||||||
|
Credit: Olga Kharif, Bloomberg
|
||||||
|
|
||||||
|
Some highlights:
|
||||||
|
|
||||||
|
- RC is officially Chairman of the Board
|
||||||
|
|
||||||
|
- Matt Wilder is the Inspector of Elections
|
||||||
|
|
||||||
|
- Board members are elected
|
||||||
|
|
||||||
|
- Board members to receive compensation via shares
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lenpooalc9471.png?width=1498&format=png&auto=webp&s=c1c49aac1b8174fd30cb8562307750235cedaaf1)
|
||||||
|
|
||||||
|
Absolute madlads, I love it. (Thank you for moving your table when asked)
|
||||||
|
|
||||||
|
I want to thank everyone for being on your best behavior, I had complete faith in you. It sounds like everything went fairly smoothly. Also, regarding rumors of a news interview, [u/PinkCatsOnAcid](https://www.reddit.com/u/PinkCatsOnAcid/) had this to say <https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder_meeting_i_did_not_do_any_interviews/>
|
||||||
|
|
||||||
|
Also, side note: super jealous of the GameStop swag you all got... a perfect way to commemorate this day haha.
|
||||||
|
|
||||||
|
-B_T
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
📞Earnings Call 📞
|
||||||
|
|
||||||
|
(My second favorite type of call 👀)
|
||||||
|
|
||||||
|
Saved my seat in the earnings call early, last time it was full REALLY quick! I am expecting really great earnings this quarter. We have seen tons of apes supporting their investment by shopping at GameStop. Also, some youtube dude bought out a whole stores of all their merchandise... oh-- wait no I think he did it *3 times.* Pretty weird concept for a youtube video but hey, whatever 🤷♂️ I am down. I can only imagine that will have at least a mild impact overall.
|
||||||
|
|
||||||
|
I guess for now we wait and see. Maybe some After-Hours Market action is in store? Who know
|
||||||
|
|
||||||
|
[](https://preview.redd.it/auyeu0xot8471.png?width=2121&format=png&auto=webp&s=0261df98950307e3e7d39c8bf886700fb1dde5be)
|
||||||
|
|
||||||
|
You can watch the call from the GameStop Corporate site or if the stream is full, you can tune in via our [Superstonk Live broadcast](https://www.youtube.com/watch?v=UDKC_oXqhGM).
|
||||||
|
|
||||||
|
*Also, just a reminder that the Superstonk Live Youtube channel is not and will not be monetized.* ______________________________________________________________________________________
|
||||||
|
|
||||||
|
🦧Monkey Business🦧
|
||||||
|
|
||||||
|
Tune in RIGHT NOW to listen to our inaugural edition of Money Business.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/08n5t44wx9471.png?width=4001&format=png&auto=webp&s=2436743be527b286a0debf5bb0e949bffe6121ce)
|
||||||
|
|
||||||
|
Featuring members of the community and hosted by moderators, Monkey Business is a show for Apes by Apes. It's kind of like the AMAs but with more people and a bit more casual. We have some exciting guests and topics lined up so you are going to want to tune in. Today [u/jsmar18](https://www.reddit.com/u/jsmar18/) and [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) with various apes in a panel format.
|
||||||
|
|
||||||
|
Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure. However, we hope to be discussing GameStop stock history, NFTs, FTDs, Naked Shorts, and more! This panel will from one and a half to two hours, or longer if needed. We will also be streaming and then discussing the Q1 2021 earnings conference call.
|
||||||
|
|
||||||
|
🐒 [MONKEY BUSINESS](https://www.youtube.com/watch?v=UDKC_oXqhGM) 🐒 (4:20 PM EDT, June 9)
|
||||||
|
|
||||||
|
______________________________________________________________________________________
|
||||||
|
|
||||||
|
👻🤖Ghost in the Shill 🤖👻
|
||||||
|
|
||||||
|
*written by SATORI co-creator* [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/)
|
||||||
|
|
||||||
|
[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support, and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights, and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/)
|
||||||
|
|
||||||
|
The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pl2ongc36a471.png?width=400&format=png&auto=webp&s=2f8eefbaa05393ea3fa9c425e024687ee361871b)
|
||||||
|
|
||||||
|
Satori Dev 2021 Colourized
|
||||||
|
|
||||||
|
The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) - desperation is in the air, and it tells me everything I need to know.
|
||||||
|
|
||||||
|
As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time.
|
||||||
|
|
||||||
|
Solicitations, trolling & phishing in DMs
|
||||||
|
|
||||||
|
This tactic is as old as FUD itself, but it hasn't been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, please report these to Reddit and our mod team.
|
||||||
|
|
||||||
|
A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter.
|
||||||
|
|
||||||
|
Bad karma
|
||||||
|
|
||||||
|
Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/)
|
||||||
|
|
||||||
|
Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks.
|
||||||
|
|
||||||
|
We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad, and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively.
|
||||||
|
|
||||||
|
As with $GME as a stock, every vote matters.
|
||||||
|
|
||||||
|
Leveraging Apes and the weekend ennui
|
||||||
|
|
||||||
|
On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys.
|
||||||
|
|
||||||
|
So, where was SATORI?
|
||||||
|
|
||||||
|
As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape.
|
||||||
|
|
||||||
|
We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later.
|
||||||
|
|
||||||
|
Their attempts to drag down karma on Apes' accounts reveal that they're just as interested in preventing top-tier submissions from gaining traction as they are indirectly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them.
|
||||||
|
|
||||||
|
I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to.
|
||||||
|
|
||||||
|
It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to check before posting.
|
||||||
|
|
||||||
|
The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) - will appreciate it dearly.
|
||||||
|
|
||||||
|
Tag teams
|
||||||
|
|
||||||
|
Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides.
|
||||||
|
|
||||||
|
[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
Hacked accounts & a final note on account security
|
||||||
|
|
||||||
|
We have received a surge in reports of Superstonk users' accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don't get complacent.
|
||||||
|
|
||||||
|
Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, a friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/awilw5m96a471.png?width=400&format=png&auto=webp&s=b932464d13bfb0760ac89ea49b11f8e0419c9b89)
|
||||||
|
|
||||||
|
NO hax for you Kenny
|
||||||
|
|
||||||
|
TA;DR
|
||||||
|
|
||||||
|
While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much.
|
||||||
|
|
||||||
|
Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs, and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves.
|
||||||
|
|
||||||
|
This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately.
|
||||||
|
|
||||||
|
A sub is only as strong as its weakest link - B.H.V.F., and be strong.
|
||||||
|
|
||||||
|
Catto======================================================
|
||||||
|
|
||||||
|
Also from the Satori Team:
|
||||||
|
|
||||||
|
[Important Security Update for June 8th](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/)
|
||||||
|
|
||||||
|
[u/Grungromp](https://www.reddit.com/u/Grungromp/)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
👩🚀Help Wanted👨🚀
|
||||||
|
|
||||||
|
If you have any interest in assisting with the Summary/ Transcriptions check out this post from [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)**:** [Superstonk Seeking Volunteers](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
LAST MINUTE BREAKING NEWS
|
||||||
|
|
||||||
|
[CEO AND CFO ANNOUCEMENT](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 Reddit down 🚨
|
||||||
|
|
||||||
|
With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage.
|
||||||
|
|
||||||
|
IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:
|
||||||
|
|
||||||
|
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
*OOK OOK*
|
||||||
|
|
||||||
|
*"I may have been early, but I am not wrong"*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/l6h28q8ds8471.jpg?width=1600&format=pjpg&auto=webp&s=b27c837a1b1f0e047e3822ee74f63e94e3e5566e)
|
259
Jungle-Beat-Archives/2021-06-10-Jungle-Beat.md
Normal file
259
Jungle-Beat-Archives/2021-06-10-Jungle-Beat.md
Normal file
@ -0,0 +1,259 @@
|
|||||||
|
The Jungle Beat 06/10/2021 - 420k Edition
|
||||||
|
=========================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwxfe8/the_jungle_beat_06102021_420k_edition/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/2ot06yxivh471.jpg?width=1426&format=pjpg&auto=webp&s=e98f2afd1ed9489be0b91d99153ba0135e52401e)
|
||||||
|
|
||||||
|
u/bye_triangle u/pinkcatsonacid u/Grungromp
|
||||||
|
|
||||||
|
_______________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
_______________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📉
|
||||||
|
|
||||||
|
$GME Closing Price: $220.67
|
||||||
|
|
||||||
|
Open Price: $282.00
|
||||||
|
|
||||||
|
Daily High: $288.00
|
||||||
|
|
||||||
|
Daily Low: $211.00
|
||||||
|
|
||||||
|
Volume: 22,437,670
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
I am back again but have no fear, Pink will be back for the Friday edition of The Jungle Beat, tomorrow. Thanks for being so understanding!
|
||||||
|
|
||||||
|
Also, regarding today's price action, here are my thoughts:At this point, the price doesn't even matter to me. I have been on this rocket since February 1st, and since then I have seen them throw everything they can at the stock to suppress the stock and the sentiment surrounding it... The manipulation of this stock is so blatant at this point, it laughable. Some of you may have heard the saying about how a magician never does a trick for the same audience twice... Well, this is why.
|
||||||
|
|
||||||
|
We have had months to analyze price fluctuations in concert with other data points, tracking all these different indicators and how they react to certain events. We know how this game is played now and not even dipping back to double digits could stop me from buying more. If there is uncertainty brewing, all that one must-see is the fact that we went up for two straight weeks on no news at all-- Suddenly, we get a bunch of good news all at once, and the price drops by nearly 100 points... [OBV isn't budging](https://www.reddit.com/r/Superstonk/comments/nwqrsw/nobody_is_fucking_selling_obv_remains_on_a/) and neither am I 💎🙌
|
||||||
|
|
||||||
|
I love this stock and I am going to wallpaper my house with GME shares if they make me wait long enough. This company is about to explode in popularity and I got nothing to lose by waiting.
|
||||||
|
|
||||||
|
Cheers,B_T
|
||||||
|
|
||||||
|
P.S. I totally bought the dippest of dips today, and it felt *amazing*
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
Executive Additions
|
||||||
|
|
||||||
|
[](https://preview.redd.it/o9dsxich1g471.jpg?width=640&format=pjpg&auto=webp&s=376dea47d9f7da70f6c3ee09e859181a0ef6b7c1)
|
||||||
|
|
||||||
|
Credit: u/Ill_Illustrator9776 https://www.reddit.com/r/Superstonk/comments/nwlqdt/
|
||||||
|
|
||||||
|
This had me in stitches 😂
|
||||||
|
|
||||||
|
Yesterday we got the news that Matt Furlong is the new CEO of GameStop and joining him as CFO is Mike Recupero. Both of these guys are ex-Amazon, both holding high ranks within that company for many years. So, for those keeping track, the ex-Amazon roster within GameStop's C-Suite is as follows:
|
||||||
|
|
||||||
|
-Matt Furlong Chief Executive Officer
|
||||||
|
|
||||||
|
-Mike Recupero Chief Financial Officer
|
||||||
|
|
||||||
|
-Jenna Owens Chief Operating Officer
|
||||||
|
|
||||||
|
-Elliott Wilke Chief Technology Officer
|
||||||
|
|
||||||
|
-Matt Francis Chief Growth Officer
|
||||||
|
|
||||||
|
(And that not even mentioning the amazing team being built below the executive suite. They have been building out a robust team for months.)
|
||||||
|
|
||||||
|
Now, I am not a huge fan of Amazon. They are completely destructive to any sort of competition which I believe is a healthy part of life. That having been said, Amazon is a hugely successful business that essentially prints money, and apparently even more so when there is an existential threat like the pandemic. So, I think that this team is going to do wonders with GameStop. I think under the guidance of Ryan Cohen and the addition of Chewy executives, GameStop can take on Amazon and others in the gaming industry... which honestly, shouldn't be too hard given how little attention its competitors actually pay to that side of their business. I am incredibly bullish on what comes next. LFG
|
||||||
|
|
||||||
|
*So much for GameStop going bankrupt* 😅***.... Sorry short-sellers, it's time to give up.***
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
😵Counting Confusion 😵
|
||||||
|
|
||||||
|
Yesterday there was a lot of FUD going around right as the vote numbers came out. Thankfully, you brilliant Apes squashed this in no time. For those that missed it, this was many people's reaction to seeing the documents:
|
||||||
|
|
||||||
|
*oH nO?! ThErE wAsNt OvErVoTiNg!!! SqUeEze OvEr.*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jvcyjlkbdg471.jpg?width=500&format=pjpg&auto=webp&s=62e4cdc37114b43c71be0967413812160c2cd5e6)
|
||||||
|
|
||||||
|
Credit u/PiezRus https://www.reddit.com/r/Superstonk/comments/nwa8bl/ryan_cohen_be_like/
|
||||||
|
|
||||||
|
Turns out, it is even more clear now that there was overvoting.
|
||||||
|
|
||||||
|
When a company receives more votes than shares in existence, they cannot publish that number on their 8k and go about their business. This is something that got largely overlooked in our AMA with Wes Christian.
|
||||||
|
|
||||||
|
What happens is, the votes get "trimmed" to reflect a more possible number of votes, and the company gets informed of the real number. It is obvious that the number we were given does not reflect the vote, because if accurate that suggests that almost EVERY SINGLE SHARE was voted... and as much as we really wish that could have happened, we know that within our community there are many apes who couldn't vote.
|
||||||
|
|
||||||
|
That's not to say that the true number of shares out there is this number we were given + the ones that couldn't vote. What this really means is we have evidence that the vote was trimmed and likely by a lot. Unfortunately, the ball is still in GameStop's court with regards to the true number. Though I would expect to hear something about it from them soon, it is their fiduciary duty to their shareholders to deal with the situation, and we are all watching and waiting.
|
||||||
|
|
||||||
|
Edit 4:49 PM: Here is an informative DD on this matter from [u/greysweatseveryday](https://www.reddit.com/user/greysweatseveryday/)\
|
||||||
|
[PSA: The Votes Are In! Here's all you need to know.](https://www.reddit.com/r/Superstonk/comments/nwc4mi/psa_the_votes_are_in_heres_all_you_need_to_know/?utm_medium=android_app&utm_source=share)
|
||||||
|
|
||||||
|
__________________________________________________________________________________
|
||||||
|
|
||||||
|
💰💲Earnings 💲💰
|
||||||
|
|
||||||
|
25% net sale increase across the board. Talk about Deep Fucking Value, this company is currently waaaaaay undervalued. Furthermore, they beat "Analyst" estimates by 50% earnings per share...
|
||||||
|
|
||||||
|
You can look further into the earnings report here: [GameStop Corp. Quarterly Report](https://sec.report/Document/0001326380-21-000066/)
|
||||||
|
|
||||||
|
*I am starting to doubt these analysts really know anything at all 💀 lol*
|
||||||
|
|
||||||
|
With all the documents that came out yesterday, all at once, there are still many wrinkle-brains that are combing through these pages. I think there are a lot more breadcrumbs to find within these fillings, but it will take time. This ape knows what's up:
|
||||||
|
|
||||||
|
[Superstonk 101: Wait a couple of hours and the truth will come out](https://www.reddit.com/r/Superstonk/comments/nw6mz4/superstonk_101_wait_a_couple_of_hours_and_the/) by [u/Cheapseats87](https://www.reddit.com/u/Cheapseats87/)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
🐵 Monkey Business 🐵
|
||||||
|
|
||||||
|
It sounds like everyone had a great time watching Monkey Business yesterday. We had a list of topics that were going to be discussed, but due to the large influx of new information that came out just as we were starting-- it went off track a bit...
|
||||||
|
|
||||||
|
All things considered, I think it went really well for our first episode. I am really looking forward to future editions of Monkey Business. Please let us know what you thought, we encourage constructive feedback! Also, if you are interested in participating in Monkey Business as a guest, or you have a topic in mind that you'd like to see discussed, please let us know!
|
||||||
|
|
||||||
|
If you missed yesterday's stream, you can watch it back, here: [Monkey Business](https://www.youtube.com/watch?v=UDKC_oXqhGM)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
🤖 Satori, Cyber Security, and you 🤖
|
||||||
|
|
||||||
|
We have been sending messages to approved users from [u/satori-blue-shell](https://www.reddit.com/u/satori-blue-shell/). We realized that this may cause an unintentional security risk. To remove confusion in the future, all messages will be sent directly via the subreddit. You can recognize an official message when the sender information contains "via [r/Superstonk](https://www.reddit.com/r/Superstonk/)." (see below) Any other message from an account claiming to represent Satori should be reported to the moderation team.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jdx20ia9og471.png?width=1342&format=png&auto=webp&s=bde753082a2b7e3ef4f9fb530be8a51a8618e771)
|
||||||
|
|
||||||
|
Examples of Official Satori Messages
|
||||||
|
|
||||||
|
The Next Evolution in Seeking the Blessing of Satori
|
||||||
|
|
||||||
|
When we launched Satori just over ten years... wait... one week ago (time is meaningless right now apparently) we were confident that the tool we had developed could be very valuable to this community. We hoped Apes would be able to see the incredible potential this had to be a total game-changer, but we never imagined this level of positive response and immediate support. Thank you all for your trust and assistance.
|
||||||
|
|
||||||
|
Wanting to make sure we do right by the community, we've been hard at work to make sure Satori is the best tool we're capable of making. From the moment of reveal we've been having Apes inquiring how to get Approved status. We've had great success with our current system, and we're now announcing that we've made a significant upgrade! From the time of this post forward (like in the comments to this post, if you'd like) if you comment !apeprove!, you will send a message to Satori to enter you into a priority list to be approved. You will also then receive a message through the official method (as highlighted above) outlining the updated process.
|
||||||
|
|
||||||
|
We are so happy that we can now give frequent commenters and those right around karma limitations the ability to join the fold of the Approved as soon as possible!
|
||||||
|
|
||||||
|
A couple of quick points:
|
||||||
|
|
||||||
|
- You only need to comment !apeprove! once to be added to the queue. Spamming the command will not speed up your process, and can result in your removal from the Approval queue completely. Shills spam. Don't do it.
|
||||||
|
|
||||||
|
- If you are already an Approved User, then you do not need to do anything more! Keep enjoying the omniscient benevolence of our robot overlord!
|
||||||
|
|
||||||
|
- We are now also moving to prioritize Apes who are below- or just above current karma requirements. We want to be able to contribute without the fear of being downvoted into silence.
|
||||||
|
|
||||||
|
- REMEMBER: Approval is not an endorsement. It does not mean anything beyond the fact that an account has yet to act in a suspicious way YET. Do not let your guard down at any point.
|
||||||
|
|
||||||
|
- 🦧🧠💎👐🚀🦍🌝
|
||||||
|
|
||||||
|
- EDIT: Anyone commenting will be seen by Satori. Even if you don't have sufficient karma to comment, it will get flagged in our system before removal by automod. So EVERYONE CAN GET IN.
|
||||||
|
|
||||||
|
Now, with that out of the way, a few pieces of housekeeping
|
||||||
|
|
||||||
|
*Defending the Sub: How to Report Nefarious Activity*
|
||||||
|
|
||||||
|
We have received a TON of help in many forms in keeping the sub clean. This has come in people sharing screenshots of shill posts, sending messages to the Satori team members, contacting mods, etc. Thank you so much for that! Remember, *We. Are. Satori.* Our Mind Reading Monkey is only as effective as the community itself. Please continue to be vigilant, use those down/upvote buttons, and if you see something, report something.
|
||||||
|
|
||||||
|
A word of caution: Just because you may think a post feels negative, or you disagree with it's premise or claims, doesn't automatically qualify it as FUD. Be aware of amplifying the echo chamber. And absolutely do not threaten those making the posts. We've got ways to deal with this properly.
|
||||||
|
|
||||||
|
We'd now want to give you specific guidance to allow you to be the most effective with your defense of this sub.
|
||||||
|
|
||||||
|
The absolute best way to draw the All-Seeing Mind of Satori to specific posts or users is to use the "message the mods" function of the sub. This sends a message to the entire mod team, which means there's a greater chance someone will see it sooner than if you message an individual. Satori will then be fed the information given in the message, meaning you reach both parties with one click. It's a one-stop shop to get the report to every single party who needs to see it, and also keeps the sub clear of posts of screenshots of FUD.
|
||||||
|
|
||||||
|
*A Return to Old Tactics: Bad Actors doing Bad Things*
|
||||||
|
|
||||||
|
The last week has proven to us that we're under the skin of those trying to bring the sub down. What we're doing is working. With heavy restrictions in place for posting and commenting, we're seeing a move back to older strategies, as well as a few new ones. There's been a surge in private messages, in downvoting folks below karma limits, reports of suicidal tendencies, and many other strategies to try and unnerve our community. Please be on the lookout, keep your heads on swivels, and if something looks or feels suspicious, report it to the mod team and Reddit.
|
||||||
|
|
||||||
|
Satori co-creator and [r/Superstonk](https://www.reddit.com/r/Superstonk/) moderator [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) did a much more in-depth breakdown of what we're seeing, and what you can do to counter it, in yesterday's Jungle Beat, which is linked at the bottom of this post
|
||||||
|
|
||||||
|
The-Definitely-Not-Mind-Controlled-By-The-AI-We-Created-Team Satori
|
||||||
|
|
||||||
|
*Want to know more about Satori? Start here.*
|
||||||
|
|
||||||
|
[Announcement Post]
|
||||||
|
|
||||||
|
[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/)
|
||||||
|
|
||||||
|
[Follow-Up Post By One Of The Creators]
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/>
|
||||||
|
|
||||||
|
[New and important information from Team Satori in the Jungle Beat from 6/7/2021]
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/numi3i/the_jungle_beat_monday_06072021_2_days_til_annual/>
|
||||||
|
|
||||||
|
By [u/Grungromp](https://www.reddit.com/u/Grungromp/)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
Superstonk continues to grow
|
||||||
|
|
||||||
|
I was taken aback when today we hit 420k members on [r/Superstonk](https://www.reddit.com/r/Superstonk/). I remember the day of the migration here so vividly. I have never and will never see anything like that again. To see how much the ape community has grown since [r/gme](https://www.reddit.com/r/gme/) is mind-boggling. I have so many more wrinkles on my brain and I could not have done that without the tireless effort of every single one of you apes. So a huge shoutout to everyone out there.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ulrn8afc8h471.png?width=900&format=png&auto=webp&s=c436a5e28d0c260ebc55e2629449c518da467fc7)
|
||||||
|
|
||||||
|
Also, 228k online 🤯
|
||||||
|
|
||||||
|
Apes together strong <3___________________________________________________________________________________
|
||||||
|
|
||||||
|
___________________________________________________________________________________Just gonna leave this here 👀
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xpsmo82vsh471.png?width=1056&format=png&auto=webp&s=da5478cdd391a07863e5d8a41d88fab7acaa5685)
|
||||||
|
|
||||||
|
⏰ Tick Tock Kenny ⏰
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
👩🚀Help Wanted👨🚀
|
||||||
|
|
||||||
|
If you have any interest in assisting with the Summary/ Transcriptions check out this post from [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/), [Superstonk Seeking Volunteers](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 Reddit down 🚨
|
||||||
|
|
||||||
|
With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage.
|
||||||
|
|
||||||
|
IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:
|
||||||
|
|
||||||
|
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
*OOK OOK*
|
||||||
|
|
||||||
|
*"I may have been early, but I am not wrong"*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cyv8wnvzcg471.jpg?width=1600&format=pjpg&auto=webp&s=038ea14ecb6c1f2e026763bd1858d4e628596a61)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
202
Jungle-Beat-Archives/2021-06-11-Jungle-Beat.md
Normal file
202
Jungle-Beat-Archives/2021-06-11-Jungle-Beat.md
Normal file
@ -0,0 +1,202 @@
|
|||||||
|
The Jungle Beat- FLAIR FRIDAY 06-11-2021 🚀🚀🚀🚀
|
||||||
|
=================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxp8iv/the_jungle_beat_flair_friday_06112021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/oputf7lb1n471.png?width=1426&format=png&auto=webp&s=b949f022056409f86cb8a99aee35bed8302acc31)
|
||||||
|
|
||||||
|
_______________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📉
|
||||||
|
|
||||||
|
$GME Closing Price: $233.34
|
||||||
|
|
||||||
|
Open Price: $222.75
|
||||||
|
|
||||||
|
Daily High: $241.13
|
||||||
|
|
||||||
|
Daily Low: $206.13
|
||||||
|
|
||||||
|
Volume: 15.18 MM
|
||||||
|
|
||||||
|
_____________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cxxasc4hjo471.jpg?width=1080&format=pjpg&auto=webp&s=4ebb2612aa73a5d785982d06464a6a6177fdedb6)
|
||||||
|
|
||||||
|
WeBull's $GME rating 06-11-2021
|
||||||
|
|
||||||
|
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________
|
||||||
|
|
||||||
|
E3 This Weekend!!
|
||||||
|
|
||||||
|
So remember how Gamestop stores were anticipating a rush of customers around this weekend's date?
|
||||||
|
|
||||||
|
Well, it's because E3 IS THIS WEEKEND!
|
||||||
|
|
||||||
|
And there are rumors that there will be some Zelda/Nintendo announcement at the convention, (EMPHASIS ON THE WORD RUMORS) that are being discussed all over the interwebs like [here](https://gamerant.com/gamestop-e3-zelda-next-gen-consoles-rush-expectations/). Could be BotW 2, could be a 35th Anniversary Edition Somthing or other collection, who knows, but...
|
||||||
|
|
||||||
|
ZELDA, NINTENDO, GAMESTOP, E3.... I'M JACKED TO THE ABSOLUTE TITS!! THE FINAL BOSS APPROACHES!!!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/y07cp90ddo471.jpg?width=646&format=pjpg&auto=webp&s=c382f631dd380fd234f00961a1ca3b5ab7790ed3)
|
||||||
|
|
||||||
|
The Final Boss
|
||||||
|
|
||||||
|
[This website has info on how to watch E3 this weekend!](https://www.theverge.com/22465864/e3-schedule-time-date-live-stream-how-to-watch)
|
||||||
|
|
||||||
|
_________________________________________________________________________
|
||||||
|
|
||||||
|
Gamestop's 5 Million Share ATM Offering
|
||||||
|
|
||||||
|
Community Spotlight- [u/Squashua1982](https://www.reddit.com/user/Squashua1982/)
|
||||||
|
|
||||||
|
[Clarification of when GameStop will issue a press release stating the ATM Offering is complete, sale price max, maximum offering, update on outstanding shares, the reason why MarketWatch and Ortex differ, and other Form 424B5 goodies with highlighted pictures!](https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/?utm_medium=android_app&utm_source=share) (OP)
|
||||||
|
|
||||||
|
Hey there! This comes straight from the 424B5 Form! Here is the link for reference.
|
||||||
|
|
||||||
|
<https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-186796>
|
||||||
|
|
||||||
|
We will not receive any update about the completion of the ATM offering today. The earliest an announcement could be made is Monday. This is based off of T+2 settlement. Also, based on past press releases, this will not happen until after market close on any given day.
|
||||||
|
|
||||||
|
<https://i.imgur.com/tuz8Nhh.jpg>
|
||||||
|
|
||||||
|
GameStop is updated before the market opens every day on how many shares were sold the previous day. Which also points to any announcement of the completion of the offering happening after market close.
|
||||||
|
|
||||||
|
<https://i.imgur.com/sr8Undy.jpg>
|
||||||
|
|
||||||
|
$255.39 is not the max sell price. This was the average share price on June 4th and they used it for calculating the fee projections of this offering.
|
||||||
|
|
||||||
|
$1,276,950,000 is not the maximum amount of funds GameStop can raise from this offering. Again, they used this for calculating the fee projections of this offering. This was understandably confusing because the last offering had a maximum amount allowable to raise.
|
||||||
|
|
||||||
|
<https://i.imgur.com/5cljjEg.jpg>
|
||||||
|
|
||||||
|
As of June 1st 2021 Outstanding Shares numbered 71,815,131 shares. If I am reading this correctly, that number includes 2,435,881 restricted shares.
|
||||||
|
|
||||||
|
<https://i.imgur.com/dPp6A21.jpg>
|
||||||
|
|
||||||
|
Edit 1: If GameStop sells all 5 million shares then the new Outstanding Shares will be 76,815,131. Thanks to [/u/Cspawn](https://www.reddit.com/u/Cspawn/) for the image!
|
||||||
|
|
||||||
|
<https://i.imgur.com/Dvnq05P.jpg>
|
||||||
|
|
||||||
|
BTW the restricted shares is why MarketWatch and Ortex Outstanding Shares differ.
|
||||||
|
|
||||||
|
Ortex is adding the restricted shares to the 71,815,131 number which brings them to 74,251,012.
|
||||||
|
|
||||||
|
<https://i.imgur.com/0EX7jDx.jpg>
|
||||||
|
|
||||||
|
MarketWatch is including the restricted shares in the 71,815,131.
|
||||||
|
|
||||||
|
<https://i.imgur.com/9VCvtvS.jpg>
|
||||||
|
|
||||||
|
MarketWatch and Ortex updated their Outstanding Shares numbers based on the 424B5 form and not because they saw new shares enter the market. This makes sense, because if they could do that then they would account for all the synthetic shares on the market as well....
|
||||||
|
|
||||||
|
I hope this helps clarify some things!
|
||||||
|
|
||||||
|
🚀🚀🚀🚀🚀🚀
|
||||||
|
|
||||||
|
Back to [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/)
|
||||||
|
|
||||||
|
____________________________________________________________________________
|
||||||
|
|
||||||
|
GameStop SEC Investigation
|
||||||
|
|
||||||
|
"This is not an investigation of GameStop itself"
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9bak6rtruo471.jpg?width=1077&format=pjpg&auto=webp&s=4c0b0268a130a848d0c42e72836c8338d833b165)
|
||||||
|
|
||||||
|
The MSM has been reporting that Gamestop itself is under investigation by the SEC, barely falling short of slandering their company name. A clarification has been made regarding the investigation. It is unclear and unreported at this time whether they are investigating the short side, the long side, both, or what... but we DO know that the company *itself* is not the one under investigation.
|
||||||
|
|
||||||
|
[Link to the video](https://www.reddit.com/r/Superstonk/comments/nxhm64/gamestop_sec_investigation_this_is_not_an/), credit to [u/SnooFloofs2854](https://www.reddit.com/user/SnooFloofs2854/) for the OP
|
||||||
|
|
||||||
|
_____________________________________________________________________
|
||||||
|
|
||||||
|
Cooler Master Now Selling PC Building Parts at Gamestop- BULLISH AF
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6ui4luk9jo471.jpg?width=1080&format=pjpg&auto=webp&s=8cf1ff260fd189f26b7ffe3bc2f2181b64e234f2)
|
||||||
|
|
||||||
|
thanks u/GrunGromp for the heads up!
|
||||||
|
|
||||||
|
________________________________________________________________________
|
||||||
|
|
||||||
|
Reminder- Important Security Update from Team Satori
|
||||||
|
|
||||||
|
[Please take the time to read this post if you haven't yet](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/)!! Important security update from June 8th!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pzewouq64o471.png?width=1342&format=png&auto=webp&s=b7cf5cd637be7d8f52b04a3ffc1dec3aee495014)
|
||||||
|
|
||||||
|
Example of an Official Satori Message
|
||||||
|
|
||||||
|
_______________________________________________________________________
|
||||||
|
|
||||||
|
Moderator [u/StonkU2](https://www.reddit.com/u/StonkU2/) Has Respectfully Resigned
|
||||||
|
|
||||||
|
It is with a heavy heart that I tell you today that our friend and moderator, [u/StonkU2](https://www.reddit.com/u/StonkU2/) has officially resigned from his moderator position, effective immediately. He has voluntarily withdrawn his position and is respectfully no longer a moderator of Superstonk. As much as we hate to see him go, we understand why.
|
||||||
|
|
||||||
|
It has been a true pleasure to know and work with you, Stonk. And we appreciate your continued efforts to help grow our community into the beautiful jungle that it is today (or like you always like to say, this beautiful City of Athens 😊). We wish you the best and look forward to seeing what is in store in the future.💎🙌
|
||||||
|
|
||||||
|
[Read](https://www.reddit.com/r/Superstonk/comments/nxe8qd/i_believe_free_markets_cannot_be_free_unless_they/) [u/StonkU2](https://www.reddit.com/u/StonkU2/)'s [final post as moderator here. But beware ninjas are cutting onions over there.](https://www.reddit.com/r/Superstonk/comments/nxe8qd/i_believe_free_markets_cannot_be_free_unless_they/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tv10olcusn471.jpg?width=741&format=pjpg&auto=webp&s=8b2a4c368f469953c0b0fb05a5fba8bef055609e)
|
||||||
|
|
||||||
|
o7 Stonk 🤜🤛
|
||||||
|
|
||||||
|
________________________________________________________________________
|
||||||
|
|
||||||
|
👩🚀Help Wanted👨🚀
|
||||||
|
|
||||||
|
If you have any interest in assisting with the Summary/ Transcriptions check out this post from [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/), [Superstonk Seeking Volunteers](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 Reddit down 🚨
|
||||||
|
|
||||||
|
With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage.
|
||||||
|
|
||||||
|
IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.
|
||||||
|
|
||||||
|
<https://twitter.com/ByeTriangle>
|
||||||
|
|
||||||
|
<https://twitter.com/PinkCatsOnAcid>
|
||||||
|
|
||||||
|
<https://twitter.com/RedChessQueen99>
|
||||||
|
|
||||||
|
<https://twitter.com/rensole>
|
||||||
|
|
||||||
|
<https://twitter.com/u_sharkbaitlol>
|
||||||
|
|
||||||
|
<https://twitter.com/BradduckF>
|
||||||
|
|
||||||
|
IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:
|
||||||
|
|
||||||
|
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||||
|
|
||||||
|
___________________________________________________________________________________
|
||||||
|
|
||||||
|
*OOK OOK*
|
||||||
|
|
||||||
|
*"I may have been early, but I am not wrong"*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/nfp8u7rkcn471.png?width=1600&format=png&auto=webp&s=c468c34393d0ef6a778232c7259732aa8aeeb787)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
100
Live-Charting-Archives/2021-06-07-Live-Charting.md
Normal file
100
Live-Charting-Archives/2021-06-07-Live-Charting.md
Normal file
@ -0,0 +1,100 @@
|
|||||||
|
Jerkin' it with Gherkinit S2 E8 Live Charting for 6/7/21
|
||||||
|
========================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nubgtt/jerkin_it_with_gherkinit_s2_e8_live_charting_for/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Rise and Shine Superstonk!
|
||||||
|
|
||||||
|
I hope everyone is ready for another super exciting day for watching lines on screen, drawing pickles, and contemplating their existence with your favorite professional pickle.
|
||||||
|
|
||||||
|
I expect to get a flood of questions from the DD yesterday and a few people wishing to learn the ways of VWAP...
|
||||||
|
|
||||||
|
But as always I'm excited and I hope you are too.
|
||||||
|
|
||||||
|
If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
|
||||||
|
|
||||||
|
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||||
|
|
||||||
|
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||||
|
|
||||||
|
(save these links in case reddit goes down)
|
||||||
|
|
||||||
|
Historical Resistance/Support:
|
||||||
|
|
||||||
|
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, moon base...
|
||||||
|
|
||||||
|
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||||
|
|
||||||
|
After Market Pickle Time!
|
||||||
|
|
||||||
|
Beautiful close right at the 280 resistance hopefully we can open tomorrow just above 300 lol ....But looking great on the first part of our weekly flag formation I suspect we will see the 300 test tomorrow . Thank you to all of you tuning in today your support is always appreciated. Also a special thanks to Dillionidas for pushing us towards 300. See you tomorrow at 9am EDT.
|
||||||
|
|
||||||
|
- Gherkinit
|
||||||
|
|
||||||
|
Edit 8 3:04
|
||||||
|
|
||||||
|
Power hour? Idk volume is dead chop @ 270 right now
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fgsu95ze6w371.png?width=1561&format=png&auto=webp&s=70a191c550c61d97273f2663cbea5c83ea32d951)
|
||||||
|
|
||||||
|
Edit 7 2:30
|
||||||
|
|
||||||
|
Let's see if the boomers are calling their brokers after that FOX interview. Either way looks like we are holding 270
|
||||||
|
|
||||||
|
[](https://preview.redd.it/baormdld0w371.png?width=1550&format=png&auto=webp&s=f16e25689c9b713e4fa009a768e9d9b59fbc1891)
|
||||||
|
|
||||||
|
Edit 6 1:52
|
||||||
|
|
||||||
|
Bully boi on the 5 min looks like another test 280
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3wedwheitv371.png?width=1569&format=png&auto=webp&s=dbbdd48ed3f02f6628a55d710587168cce8fefe1)
|
||||||
|
|
||||||
|
Edit 5 12:52
|
||||||
|
|
||||||
|
Bull-frog broke the hedges back...Tonight we dine on MAYO
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3m6wdk8riv371.png?width=1557&format=png&auto=webp&s=a95186a0d0f1eb272258b4b000d7ed66cefdca68)
|
||||||
|
|
||||||
|
Edit 4 11:51
|
||||||
|
|
||||||
|
Nice steady growth investments...right guys?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/n1noclly7v371.png?width=1555&format=png&auto=webp&s=3dd0cb67433ac848b192171e9de4a44d3e259a13)
|
||||||
|
|
||||||
|
Edit 3 11:25
|
||||||
|
|
||||||
|
Just jumped 8 dollars on less than 200k volume so that seems bullish
|
||||||
|
|
||||||
|
[](https://preview.redd.it/drhd5u6a3v371.png?width=1573&format=png&auto=webp&s=de972f581da678ce639a2f5ee05b083843f3b5a1)
|
||||||
|
|
||||||
|
Edit 2 10:34
|
||||||
|
|
||||||
|
looks like we might be coming up from the chop at 260 maybe another test at 270
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0sfqstq5uu371.png?width=1561&format=png&auto=webp&s=ea423f4ed7b9d693b1147d347dae17c923ca19ec)
|
||||||
|
|
||||||
|
Edit 1 9:48
|
||||||
|
|
||||||
|
Little late I was confirming the crossover of 260 looking good but definitely another low volume day 780k traded with 200k shorts borrowed.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hz4h0510mu371.png?width=1559&format=png&auto=webp&s=f4e7e4c4bbb0ca2d1c9038912ffc311e82b2d67e)
|
||||||
|
|
||||||
|
Pre-Market Analysis
|
||||||
|
|
||||||
|
Small fill in the pre-market carrying us just above 250. Volume is moderate at 45k with 81 shares on Iborrow and 883k on Fidelity. Looks like a slow morning so far, but this could pick up as we approach opening bell. I still expect we can continue consolidating to around 242.50 before noon. If we cross that upper resistance band of the bull flag on the 4hr we may see our breakout to the upside this week sooner rather than later.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/r3th2kqc7u371.png?width=1560&format=png&auto=webp&s=c34cee5b77af3f6cc15ce9d133a4f8419fa851ed)
|
||||||
|
|
||||||
|
**My YouTube channel 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.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
|
||||||
|
|
||||||
|
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
|
||||||
|
|
||||||
|
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||||
|
|
||||||
|
* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
112
Live-Charting-Archives/2021-06-08-Live-Charting.md
Normal file
112
Live-Charting-Archives/2021-06-08-Live-Charting.md
Normal file
@ -0,0 +1,112 @@
|
|||||||
|
Jerkin' it with Gherkinit S2 E9 Live Charting for 6/8/2021
|
||||||
|
==========================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv3c4e/jerkin_it_with_gherkinit_s2_e9_live_charting_for/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
LFG SUPERSTONK !
|
||||||
|
|
||||||
|
I just don't have words I hope this will suffice
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8dpzmn9rg1471.png?width=1465&format=png&auto=webp&s=dfab7b10ea938f6b063a14e4b4103efab5c8fffe)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/nafcxvipe1471.png?width=268&format=png&auto=webp&s=75b5f1964e6a5da71ed7633372cdb7b956ddc400)
|
||||||
|
|
||||||
|
Tits Jacked?
|
||||||
|
|
||||||
|
Good mine too, I'm on hold with a doctor it says no more than four hours...
|
||||||
|
|
||||||
|
If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
|
||||||
|
|
||||||
|
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||||
|
|
||||||
|
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||||
|
|
||||||
|
(save these links in case reddit goes down)
|
||||||
|
|
||||||
|
Historical Resistance/Support:
|
||||||
|
|
||||||
|
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, moon base...
|
||||||
|
|
||||||
|
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||||
|
|
||||||
|
After Market Wrap
|
||||||
|
|
||||||
|
Thanks guys for tuning in closed $4 below that prediction but still above 300 what a great way to end this day of the birth of a pretty dope dude. Thanks for all your support guys see you bright and early tomorrow with more spartan pickle action.
|
||||||
|
|
||||||
|
-Gherkinit
|
||||||
|
|
||||||
|
[](https://preview.redd.it/dijyqmzrl3471.png?width=730&format=png&auto=webp&s=d7381d89a672114ca8076d1e384cea61843f681e)
|
||||||
|
|
||||||
|
Edit 8 3:42
|
||||||
|
|
||||||
|
304.20 EOD prediction I'm sticking to it
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yx7fya41i3471.png?width=1551&format=png&auto=webp&s=216421c686087e73a0663fae4ecd54d92e55a1b4)
|
||||||
|
|
||||||
|
Edit 7 2:32
|
||||||
|
|
||||||
|
Looking like a breakout of this consolidating wedge remember like all GME breakouts expect it to be suppressed a bit but we could have a nice power hour like yesterday
|
||||||
|
|
||||||
|
[](https://preview.redd.it/27fgmytl53471.png?width=1552&format=png&auto=webp&s=24382491d88e6dc7bd7861bf05d654400ba78ce6)
|
||||||
|
|
||||||
|
Edit 6 1:53
|
||||||
|
|
||||||
|
Chopping on 300
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vmni6nmjy2471.png?width=1554&format=png&auto=webp&s=e54bbc8c32bca7a24c05782633c186fb2ee73aa8)
|
||||||
|
|
||||||
|
Edit 5 12:51
|
||||||
|
|
||||||
|
Lunch over possible breakout from this small wedge to re-test 300
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tae8uenhn2471.png?width=1537&format=png&auto=webp&s=e3f848b491a9843a0fd29ffde449a439176f65be)
|
||||||
|
|
||||||
|
Edit 4 11:33
|
||||||
|
|
||||||
|
Double bottom retest 300
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zpc0iexm92471.png?width=1523&format=png&auto=webp&s=414cc1b66d8a5e433e94e9ec012dd41c8b717b7c)
|
||||||
|
|
||||||
|
Edit 3 11:09
|
||||||
|
|
||||||
|
Didn't hold the gains from earlier breaking down to the 300 support
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ro41g7cd52471.png?width=1502&format=png&auto=webp&s=e1312e0fcf1c7f6a724fde70f31b83d94efff878)
|
||||||
|
|
||||||
|
Edit 2 10:45
|
||||||
|
|
||||||
|
That was crazy I think another test of 350 is more than possible. Little bit of consildation going on right now but still nicely above VWAP
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8z6yjqrk02471.png?width=1556&format=png&auto=webp&s=492eb7721295dd9845a88b82ddd8fa89b8d53835)
|
||||||
|
|
||||||
|
Edit 1 9:45
|
||||||
|
|
||||||
|
Ah yes, Happy Birthday DFV!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/akd3lnd5q1471.png?width=1539&format=png&auto=webp&s=2fd5480997420b972f77aed1752303e0542d1b07)
|
||||||
|
|
||||||
|
Pre - Market Analysis
|
||||||
|
|
||||||
|
This is what I like to see nice steady growth on an undervalued asset. close at 280.01 open the next day testing $300. I think a test and break of $300 at open is a good possibility. Volume is very nice. I think we might be seeing some FOMO from that FOX segment yesterday as well.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9g2gn5zof1471.png?width=1504&format=png&auto=webp&s=2c08270aacd03f39b6750de0523848ccff17d079)
|
||||||
|
|
||||||
|
It's possible our bull flag this week tests even the upper limits of this channel and a breakout could be really crazy. The channel indicates a possible Intraday low 242.50 and as high as 355.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1eqbp8yeg1471.png?width=1537&format=png&auto=webp&s=93ebece9668c263aa6f4dad096cbc252838134c6)
|
||||||
|
|
||||||
|
Expect a fight/dip
|
||||||
|
|
||||||
|
**My YouTube channel 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.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
|
||||||
|
|
||||||
|
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
|
||||||
|
|
||||||
|
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||||
|
|
||||||
|
* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
122
Live-Charting-Archives/2021-06-09-Live-Charting.md
Normal file
122
Live-Charting-Archives/2021-06-09-Live-Charting.md
Normal file
@ -0,0 +1,122 @@
|
|||||||
|
Jerkin' it with Gherkinit S2 E10 Live Charting for 6/9/2021
|
||||||
|
===========================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvv9l7/jerkin_it_with_gherkinit_s2_e10_live_charting_for/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Good Morning Superstonk!
|
||||||
|
|
||||||
|
I wanted to make sure everyone knew, before anything else
|
||||||
|
|
||||||
|
"I might be early, but I'm not wrong"
|
||||||
|
|
||||||
|
[](https://preview.redd.it/bakefjw9j8471.png?width=837&format=png&auto=webp&s=53390d67b478c711a666469c8aea77799a261c0e)
|
||||||
|
|
||||||
|
Now that my ego is assuaged "let's get down to business, to defeat some funds"
|
||||||
|
|
||||||
|
[](https://preview.redd.it/uak5dnwnj8471.png?width=500&format=png&auto=webp&s=d8f7f80cf92df622d2b773b6c263a214453ec0e3)
|
||||||
|
|
||||||
|
Good mine too, I'm on hold with a doctor it says no more than four hours...
|
||||||
|
|
||||||
|
If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
|
||||||
|
|
||||||
|
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||||
|
|
||||||
|
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||||
|
|
||||||
|
(save these links in case reddit goes down)
|
||||||
|
|
||||||
|
Historical Resistance/Support:
|
||||||
|
|
||||||
|
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base...
|
||||||
|
|
||||||
|
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||||
|
|
||||||
|
After Hour Wrap Up
|
||||||
|
|
||||||
|
Closed the day slightly above 300 keeping the 300c ITM for now. I expect some volatility post earnings but nothing too dramatic let's see how after hours play out. I'll post my synopsis here on tomorrow morning's post. Thank you all again for tuning in and Happy 6/9.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3wmmq27sqa471.png?width=728&format=png&auto=webp&s=b6f80f78ae9f6fa4a8a5be1f818f4aed193fa377)
|
||||||
|
|
||||||
|
-Gherkinit
|
||||||
|
|
||||||
|
P.S. 4:11
|
||||||
|
|
||||||
|
New CEO and CFO
|
||||||
|
|
||||||
|
<https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and>
|
||||||
|
|
||||||
|
Edit 9 3:02
|
||||||
|
|
||||||
|
Nice little run to start off power hour, looks like we might see more now that we are trading in the upper range I showed earlier
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7v3ycqmwfa471.png?width=1545&format=png&auto=webp&s=601118d8860f9f32e5cc2b7765f1999ad43b3532)
|
||||||
|
|
||||||
|
Edit 8 1:52
|
||||||
|
|
||||||
|
I'd say wait for a dip but there isn't enough volume for one
|
||||||
|
|
||||||
|
[](https://preview.redd.it/a9p1wffa3a471.png?width=711&format=png&auto=webp&s=132482b4132b61da9ad6604b5520667c2eeda695)
|
||||||
|
|
||||||
|
Edit 7 1:41
|
||||||
|
|
||||||
|
Breakdown from the daily trend the volume is super low since about 12:30 so that could have a lot to do with it
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6s45hacj1a471.png?width=1507&format=png&auto=webp&s=8e0b8a1bc8796b1679467e1f500e03d3176b9fd6)
|
||||||
|
|
||||||
|
Edit 6 12:56
|
||||||
|
|
||||||
|
Baseline trend for the day
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zi42cjd9t9471.png?width=1547&format=png&auto=webp&s=df1ecac27c63b4b7bd1bf88ba07b7edc952b4c92)
|
||||||
|
|
||||||
|
Edit 5 12:28
|
||||||
|
|
||||||
|
Thesis still the same, no news = good news, titz are still jacked! Double bottom to a test of 310 let's see if some volume comes in
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rayldgtho9471.png?width=1557&format=png&auto=webp&s=6628fd6cfa07e639ce9e233c54f5b84e67b87c0a)
|
||||||
|
|
||||||
|
Edit 4 11:36
|
||||||
|
|
||||||
|
Chopping above 313 right now. No verifiable news from the shareholder meeting about vote count as far as I have heard so far.
|
||||||
|
|
||||||
|
Edit 3 10:32
|
||||||
|
|
||||||
|
Bounced off 300 testing 310
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3e4hxj9q39471.png?width=1544&format=png&auto=webp&s=105cb5915a59a1eb2ea28324b42c36c82649bbcf)
|
||||||
|
|
||||||
|
Edit 2 10:02
|
||||||
|
|
||||||
|
Double bottom re-test at 300
|
||||||
|
|
||||||
|
[](https://preview.redd.it/2blcqi69y8471.png?width=1548&format=png&auto=webp&s=de8b9c570813eddfd04e2c07a088bf704cd8de3c)
|
||||||
|
|
||||||
|
Edit 1 9:53
|
||||||
|
|
||||||
|
Dip at open they will want to keep this under 300. I do not expect any price action till after the SH meeting.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d7ge4hkmw8471.png?width=1335&format=png&auto=webp&s=d073ea5e9a0a7e499fea1a6b097f6566b9a29616)
|
||||||
|
|
||||||
|
Pre-Market Analysis
|
||||||
|
|
||||||
|
GME looking good for a Gap fill back up to retest 320. Volume is a touch higher than yesterday at this time 200k traded so far. Available shares to borrow 369,000 (iborrow/fidelity)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/szzs5a8wk8471.png?width=1543&format=png&auto=webp&s=b89537a8e4af517d601933c6716fdcac99669032)
|
||||||
|
|
||||||
|
Over here on the 4h timescale you can see the expect price action for the week based on this weeks DD. This is day 21 of this pattern playing out. If we break 350 resistance today I'm looking for another one of those deviations from the week before last to occur. Last time it was when we broke 242.50. Possible high 371 and a possible low of 246.50
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d5doxrjam8471.png?width=1548&format=png&auto=webp&s=1d47ca441a3e4fc7ffa2d1d81eea4d4814039488)
|
||||||
|
|
||||||
|
**My YouTube channel 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.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
|
||||||
|
|
||||||
|
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
|
||||||
|
|
||||||
|
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||||
|
|
||||||
|
* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
28
Live-Charting-Archives/2021-06-10-Live-Charting.md
Normal file
28
Live-Charting-Archives/2021-06-10-Live-Charting.md
Normal file
@ -0,0 +1,28 @@
|
|||||||
|
Jerkin' it with Gherkinit S2 E11 Live Charting for 6/10/2021
|
||||||
|
============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwmxbk/jerkin_it_with_gherkinit_s2_e11_live_charting_for/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Good Morning Superstonk,
|
||||||
|
|
||||||
|
I think the only thing for me to reasonably say here today is that nothing has changed, the shorts haven't covered, the company is definitely not going out of business and 5 million shares does not cover 56M+ Shares sold short. GME did beat earnings by 46% per share, we got a kick ass CEO/CFO team from amazon, and we are still gonna get listed to the Russel 1000.
|
||||||
|
|
||||||
|
We already won the game, we are just waiting for it to end to get our kick-ass trophies.
|
||||||
|
|
||||||
|
If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
|
||||||
|
|
||||||
|
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||||
|
|
||||||
|
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||||
|
|
||||||
|
(save these links in case reddit goes down)
|
||||||
|
|
||||||
|
Historical Resistance/Support:
|
||||||
|
|
||||||
|
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base...
|
112
Live-Charting-Archives/2021-06-11-Live-Charting.md
Normal file
112
Live-Charting-Archives/2021-06-11-Live-Charting.md
Normal file
@ -0,0 +1,112 @@
|
|||||||
|
Jerkin it with Gherkinit S2 E12 Daily Live Charting for 6/11/21
|
||||||
|
===============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxf69w/jerkin_it_with_gherkinit_s2_e12_daily_live/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Good Morning Superstonk!
|
||||||
|
|
||||||
|
I hope everyone is well rested and ready for what I think will prove to be a volatile day. I had some weird reddit outages yesterday in my region I'm sorry if you guys feel like I left you hanging at any point. I have no reason to believe yesterday's price action was the result of any kind of coordinated short attack or paper-handing. While some shorting did occur, about 51% of shares traded, it was still the least amount this week by percentage .
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0drk7dxlqm471.png?width=827&format=png&auto=webp&s=2e273d523ad4da4e6c8e6f708d1136abfad190dc)
|
||||||
|
|
||||||
|
shortvolumes.com
|
||||||
|
|
||||||
|
We will have to wait for shares outstanding to update. Having been involved in other institutional share dilutions in the past, this looks a lot like a significant number of shares are being sold at a rate that maintains a cost-average. We could also see this methodical selling yesterday based on OBV and VWAP indicators.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/27he7s6wrm471.png?width=1511&format=png&auto=webp&s=9588059c2786bfe09cacc5eb78dbce2fe6b0a878)
|
||||||
|
|
||||||
|
While this is still considered speculative due to no declaration of sale being released this pattern does indicate large institutional selling. This does not reflect retail selling patterns that we have previously see on this stock.
|
||||||
|
|
||||||
|
If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
|
||||||
|
|
||||||
|
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||||
|
|
||||||
|
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||||
|
|
||||||
|
(save these links in case reddit goes down)
|
||||||
|
|
||||||
|
Historical Resistance/Support:
|
||||||
|
|
||||||
|
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base...
|
||||||
|
|
||||||
|
Friday Happy Hour
|
||||||
|
|
||||||
|
Well GME closed up, only $22 below max pain. I'm still operating under the assumption that GME has sold it's ATM offering on to the market I think the sale was finished around 11:45 today which appears to be confirmed by OBV and VWAP. Still we will have to wait T+2 for confirmation. I will be assuming the sale as I readjust the TA analysis this weekend to show the fundamental change. Thank you all again for the support, today was definitely crazy... I will see you all bright and early Monday morning at 9am. Have a great weekend apes!
|
||||||
|
|
||||||
|
- Gherkinit
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rnk7k7jf0p471.png?width=770&format=png&auto=webp&s=0896835e7d8d91f21ad55ebb43f5824772340c2b)
|
||||||
|
|
||||||
|
Edit 8 2:57
|
||||||
|
|
||||||
|
Stream donated 3k for me to get a perm....and sideways chop ...FML
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mox3lc3yoo471.png?width=1504&format=png&auto=webp&s=0d5a78c5004a519e5b0c82965766888ee64bf686)
|
||||||
|
|
||||||
|
Edit 7 1:49
|
||||||
|
|
||||||
|
Still consolidating drew you a fresh trend line
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yccy392rco471.png?width=1504&format=png&auto=webp&s=3e6f97cab137f7af4d942f146d3ab0befb6c6aa5)
|
||||||
|
|
||||||
|
Edit 6 12:56
|
||||||
|
|
||||||
|
Ok if we can pull above 230 we will be nicely out of that downward hedging pressure. Welcome back to VWAP
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tbt4en953o471.png?width=1522&format=png&auto=webp&s=c594af48fc0a78cb3598cd0fe30bf6b9292db6ea)
|
||||||
|
|
||||||
|
Edit 5 12:17
|
||||||
|
|
||||||
|
Slow bounce off 206 might be on an uptrend the put interest is very high today trying to drive the price down with delta hedging. Ideally we can stay above 210 if we hit 200 just remember buy the dip and hodl
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8nji4xchwn471.png?width=1514&format=png&auto=webp&s=2b89fa71427d5d6c8b33d2ef254e55523c5e6b73)
|
||||||
|
|
||||||
|
Edit 4 11:13
|
||||||
|
|
||||||
|
3300 puts open at 220 so expect this dip to be decent as those move ITM
|
||||||
|
|
||||||
|
[](https://preview.redd.it/aub4r4kukn471.png?width=1409&format=png&auto=webp&s=ffffecb0d794753e67a73d7de3ad97bd3b767a3a)
|
||||||
|
|
||||||
|
Edit 3 10:45
|
||||||
|
|
||||||
|
Failed the test of VWAP back to 220-225
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vvdpq9esfn471.png?width=1269&format=png&auto=webp&s=50374ced16df9c2caae710f287e73fa0464ed33a)
|
||||||
|
|
||||||
|
Edit 2 10:33
|
||||||
|
|
||||||
|
Looking for a breakout to the upside on this small intraday wedge. Possibly another test of 242.50
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3e4v1fgpdn471.png?width=1501&format=png&auto=webp&s=e06726aadb613d7661a0199d77e950bf8d87311f)
|
||||||
|
|
||||||
|
Edit 1
|
||||||
|
|
||||||
|
Nice volume so far at 2.8 million traded. Looks like we failed a test of 235 but the first 15 min action looks pretty bullish let's see if we can squeak back some of those losses from yesterday.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xwb5kdyh5n471.png?width=1520&format=png&auto=webp&s=d3f876c0d5b1e82f90aa4b947a29377d1403a822)
|
||||||
|
|
||||||
|
Pre-Market Analysis
|
||||||
|
|
||||||
|
Edit 1: Possible low @ 200 a return to our previous patter requires we cross 250 today.
|
||||||
|
|
||||||
|
While the amount of arbitrage I expected was a bit lackluster we are still up in the pre-market currently 6/4% trading @ 234.50. We have traded 225k volume so far. I think we'll have a pretty busy day.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jvn2w2bptm471.png?width=1516&format=png&auto=webp&s=c2fb499c7a22fcd4a432a4cc88455cbb20b86f9f)
|
||||||
|
|
||||||
|
I also must admit if the share sale is correct there is no way TA of any kind could have predicted this movement. Hence the failure of every major TA indicator on this sub yesterday some came close but close is still wrong. I currently Expect us to bounce back into our long-term trend if we do not I will have to do some re-evaluation over the weekend. Even if we do this deviation will have to be factored in but for now.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hfzqbzzkum471.png?width=1514&format=png&auto=webp&s=81707b770d9f08655911077192e7bbdd9608a5b9)
|
||||||
|
|
||||||
|
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
|
||||||
|
|
||||||
|
**My YouTube channel 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.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
|
||||||
|
|
||||||
|
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||||
|
|
||||||
|
* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
@ -0,0 +1,12 @@
|
|||||||
|
🛑🛑 Every ETF containing GME was just shorted, This tanked the price. 🛑🛑💎🤲💎
|
||||||
|
=================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/wubbalubba96](https://www.reddit.com/user/wubbalubba96/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw6amn/every_etf_containing_gme_was_just_shorted_this/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Social Media 📲🦜](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/3fe1plab1b471.jpg)
|
@ -0,0 +1,42 @@
|
|||||||
|
# $GME - FTD Rest Cycle Update
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [leenixusu](https://www.tradingview.com/u/leenixusu/) | [Trading View](https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
Hi all,
|
||||||
|
None of this is financial advice. I'm not a financial advisor.
|
||||||
|
|
||||||
|
|
||||||
|
Looks like my last prediction based on GME's FTD reset Cycles was correct give or take 1 day (I called May 14, but we actually saw the movements on May 13). Because of this, i'm taking a second stab at calling the next FTD reset cycle/s.
|
||||||
|
|
||||||
|
I've highlighted the previous cycles, how they've supposedly ocurred and their results. I've also added the future reset Cycles and what to possibly expect before and after they occur.
|
||||||
|
Keep in mind that the GME wedge ends somewhere around the 5'th of June, so i've flagged all FTD reset events around that area for your viewing.
|
||||||
|
|
||||||
|
|
||||||
|
1) Keep in mind that the FTD reset cycles don't equal squeeze territory. At this point in time they indicate periods of "interesting" price movement.
|
||||||
|
|
||||||
|
2) There was interestingly high amounts of shorting that is extremely visible (to me at least) for this last T+35 period (Pink Colour) which to me indicates desperation by the shorts to bring this down and/or them knowing we're near the end so they're rattling the cage they're locked in trying to get out... I don't know for sure, but that's what the pink colored parts of the chart are telling me. It's the first time they didn't reset FTDs before T+21 but instead re-shorted more with the intent of resetting at T+35. If that drastic change of tactics doesn't indicate desperation, i don't know what does.
|
||||||
|
|
||||||
|
3) I've drawn with Red/Green lines that indicate the possible directionality before/after the FTD reset cycles. These are quite guestimated and it's my first time trying to guestimate the direction before/after an FTD reset based on past directional changes, so don't take this data seriously. It's more of a first test for myself to see the accuracy of my current guestimations. I'll be improving the accuracy of these guestimations/data extrapolations as time progresses. To be honest, i don't think this will drag on so long that i'll have time to gather more data to extrapolate more accurate direction movement during/before/after FTD resets, but ok... whatever, you never know.
|
||||||
|
|
||||||
|
4) A large enough runaway price move that cannot be controlled by the shorts is all it will take to get this train going. We don't know when, how and what will cause this. All we need to do is hold and wait.
|
||||||
|
|
||||||
|
5) Possible catalysts still include:
|
||||||
|
- Ryan Cohen exercising his right to buy +7 million more shares. He can likely exercise this after the shareholder meeting.
|
||||||
|
- Overvoting (More votes than share float).
|
||||||
|
- CUSIP change? (Unconfirmed, my own theory)
|
||||||
|
- Share recall (Unconfirmed, my own theory)
|
||||||
|
- Share Split (Possible, but unlikely to happen due to financial requirements)
|
||||||
|
- Dividend (Possible, but unlikely due to financial requirements)
|
||||||
|
- Joining a new Index like the Russel 1000 or others (Unconfirmed, my own theory)
|
||||||
|
- Shorts capitulating (Possible, but will take patience and holding as the shorts are bled dry)
|
||||||
|
|
||||||
|
Right now there's nothing else to do with GME other than to buy and hold.
|
||||||
|
|
||||||
|
None of this is financial advice. I'm not a financial advisor. I'm just a guy from a village that's owned GME since January for his entire life's worth & more who's done endless due diligence to be sure his investment will pay off.
|
@ -0,0 +1,72 @@
|
|||||||
|
T+21 from Put Expiry dates could be key to the FTD cycles. In this post I detail previous FTD cycles on low strike puts and the major ones we have to look forward to.
|
||||||
|
======================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/juventinn1897](https://www.reddit.com/user/juventinn1897/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21_from_put_expiry_dates_could_be_key_to_the_ftd/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Top edit for fun: [me and u/Suspicious-Singer243 rn](https://i.imgflip.com/4awvl8.png)
|
||||||
|
|
||||||
|
I am no professional and all of this is just my thoughts and opinions. Nothing I say is guaranteed or should be encouraging you to make any decisions. Always do your own DD.
|
||||||
|
|
||||||
|
For an unknowing amount of time, GME has been ramping up on t+21 Failure-To-Deliver cycles. It can easily be traced to January, where it starts to go cold. I personally think it started when Ryan Cohen bought-in last year, from there, the price has since never turned back. It is a good case for the start of using FD's to hide shorts. Either way we know the SI% was up to at least 140% in early January and they never actually covered.
|
||||||
|
|
||||||
|
So the series of spikes I will detail are all the day AFTER t+21 in the FTD cycle. Jan 13 we saw the first "notable" spike which was 22 trading days after Dec 11 options expired. Jan 22 was 22 days after Dec 19 options expired. I dont credit the FTD cycle with these spikes but I think it was present and actively contributing to upward momentum.
|
||||||
|
|
||||||
|
[Here is an image of those cycles](https://i.imgur.com/wziwmwx.png)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
Now we also know that FuckFace Plotkin of Melvin Capital said when the price went up into the 70s (presumably on the 22nd into the week of the spike) Melvin decided to "Cover their shorts". This is where I believe going into the week of the January spike, Short Hedge Funds (namely Melvin, Citadel, and co.) began their process of hiding shorts in FDs on the 26th. [Take a look at the MASSIVE spike in Open Interest on DEEP OTM Puts the week of the January spike](https://i.imgur.com/X6xrkF5.jpg)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
This is where our recent major cycles started. I think they were super near term focused and strapped for cash, and just trying to give themselves an out, for as little as cash as possible. They got a large amount of Puts starting expiring Jan 22 on day of expiry for basically nothing, because they knew it was an easy way to cover some, with the window of settlement to be able to worry about any further issues. They bought puts for all throughout February into early March and had sufficiently "covered" their shorts. 109million shares worth of DEEP OTM puts were bought between Jan 2 and March 2. With the heavy concentration being in late January and early February.
|
||||||
|
|
||||||
|
You're like... FUCK MAN ON WITH IT. Okay I get it. Jan 22's t+21 date is Feb 23. The day before Feb 24 massive spike. Only a week after DFV did his first double down. Oh. We also saw thousands of high volume single transactions at the lowest possible strike of 0.5 in the days leading up. Feb 19 2000+qty @0.5 strike(price each unknown, total is $2000), feb 22 3000+qty @0.5 strike(price each unknown total is $3000), feb 25 3000+qty @0.5 strike(same, $3000). These can easily add up to well more but are a drop in the hat of what I am about to say.
|
||||||
|
|
||||||
|
Feb 5 t+21 cycle ends March 9. The day after we obviously saw a MASSIVE run up then crash. Leading up to this, on March 3rd and 4th we saw more deep OTM Put activity then the ENTIRETY of 2021 so far. Almost 1.1 Million DEEP OTM Puts bought on these two days. [This image shows a comparison in the share leverage](https://i.imgur.com/EETkZw6.jpg)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
These Puts were pretty much ALL split between April 16 and July 16. Just to underline it.. 1.1 million puts is 110million shares. Almost 200% of the float. [Check out the ridiculous volumes compared to open interests on March 3 and 4](https://imgur.com/a/6NgeNtG).
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
And then [here is a graph showing volume of days options volume exceeded open interest](https://i.imgur.com/sAZEz1r.jpg)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
So directly after all these puts are bought, coincidentally equaling the volume previously bought during the year, to further delay the FTD cycle on FD's, the price begins to ramp up hard. At the end of the day on March 4 it spikes hard to almost 150 before closing at 125. In 4 days it goes up 100 points to close at 248 on March 9. By 11:30 on March 10 the price is nearing 350 and gets reshorted to shit. I think they opened more shorting positions here to drive the price down. But that is outside the scope of this thesis.
|
||||||
|
|
||||||
|
Moving on, a massive amount of deep OTM options were bought for 4/16 expiry. 4/16 t+21 is TOMORROW. And we have barely seen a large amount of Put option volume in the lead up. [This image shows the % of deep OTM Options used to cover which were purchased for 4/16](https://i.imgur.com/RZ9Iio0.jpg) Notice how the Movie Theatre stock barely has any volume too.
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
We also have 7/16 which saw a large amount, but a slightly smaller margin than 4/16, and is a ways down the road. But for tomorrow, there are ~~upwards of well over 50Million~~ shares worth that has to be accounted for by end of trading! Definitely not enough have been bought so far. Only 61k of $2 puts bought on Thursday, could explain some of the spike.
|
||||||
|
|
||||||
|
[Here is a my chart for the last 3 months on major FTD cycles](https://i.imgur.com/GL1xbZp.png)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
I just want to point out on top of the ~~50+million~~ FTDs for April 16, DFV also bought 50k shares and exercised for 50k on that day, which has to be covered by end of tomorrow too.
|
||||||
|
|
||||||
|
I think they see this as a way to perpetually delay the inevitable by resetting their FTD cycle and allowing themselves to be on a synthetically "neutral" ground. But they have to get those options in order to keep it going.
|
||||||
|
|
||||||
|
I am also trying to see the reason to why exactly right after the t+21 cycle on the FTDs and the purchase of all these deep OTM puts drives the price up. There is definitely a correlation, I just need to figure out if it is causation and why.
|
||||||
|
|
||||||
|
Any feedback or criticism is more than welcome. Thanks for reading, have a great night. BUY AND HOLD
|
||||||
|
|
||||||
|
TL;DR: Tomorrow is end of t+21 for April 16 which had at least 30 million shares worth of FTD covers expiring. The last 2 times we a major t+21 FTD cycle ended was Feb 25 and March 9, the days before the price skyrocketed. Hedgefunds have covered over 110million shares worth of FTDs between April 16, July 16, Jan 21 2022 in deeeeeeep OTM puts.
|
||||||
|
|
||||||
|
BIG CREDITS to [u/dejf2](https://www.reddit.com/u/dejf2/) for his DD Weeks AGO\
|
||||||
|
[link](https://www.reddit.com/r/GME/comments/mzre4k/put_anomalies_pt1_were_127_million_synthetic/)
|
||||||
|
|
||||||
|
EDIT 1: TY to [u/TheDragon-44](https://www.reddit.com/u/TheDragon-44/) for pointing out 13F's are [indeed due tomorrow too](https://i.imgur.com/qjqkz8H.jpg). Though I think that may be just info up to March 31.
|
||||||
|
|
||||||
|
EDIT2: I have stricken out the 50 Million shares worth because I think the 110 million is more split between April 16, July 16, and Jan 21, 2022 now. [If you look at this, even though 3 weeks old](https://i.imgur.com/LGjhf6I.jpg) July 16 has the 2nd highest Open Interest of any PUTS on the market for that day, which is insane. Almost 38 Million Shares worth. April 16 is like the same, I dont have the exact but I know it wasnt much lower. And as you can see Jan 21, 2022 has 250k OI. So they have already "covered" 25million shares until 2022. Its an absolute joke.
|
@ -0,0 +1,5 @@
|
|||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [Superstonk](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) | [YouTube](https://www.youtube.com/watch?v=UDKC_oXqhGM&list=PLDwg9A7JEnq-GpLCtPxcrmKfIF-MzRuTo) |
|
||||||
|
|
||||||
|
---
|
@ -21,6 +21,8 @@ This repository of GME-related content and relevant information serves two prima
|
|||||||
| DD Overview | GME Masters' Guide | [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) |
|
| DD Overview | GME Masters' Guide | [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) |
|
||||||
| Regulations | Overview of Regulations | [u/MATTATI2OO5](https://www.reddit.com/user/MATTATI2OO5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkn84o/great_breakdownoverview_of_new_rules/) |
|
| Regulations | Overview of Regulations | [u/MATTATI2OO5](https://www.reddit.com/user/MATTATI2OO5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkn84o/great_breakdownoverview_of_new_rules/) |
|
||||||
| Market Manipulation | Compilation of Every Manipulation Tactic used by Hedge Funds | [u/Golden_D9](https://www.reddit.com/user/Golden_D9/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) |
|
| Market Manipulation | Compilation of Every Manipulation Tactic used by Hedge Funds | [u/Golden_D9](https://www.reddit.com/user/Golden_D9/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) |
|
||||||
|
| Market Manipulation | A Definitive Guide about Naked Shorting | [u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt0ojl/everything_superstonk_knows_about_naked_shorting/) |
|
||||||
|
| DD | Hank's Big Bang | [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/) |
|
||||||
---
|
---
|
||||||
|
|
||||||
### Buy, Hodl, Vote 💎🙌
|
### Buy, Hodl, Vote 💎🙌
|
||||||
|
25
Regulations/2021-05-13-Two-New-Rules-Posted-on-DTCCs-Site.md
Normal file
25
Regulations/2021-05-13-Two-New-Rules-Posted-on-DTCCs-Site.md
Normal file
@ -0,0 +1,25 @@
|
|||||||
|
While We're Having A Party, Two New Rules Just Posted On DTCC's Site
|
||||||
|
====================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/DigitalArts](https://www.reddit.com/user/DigitalArts/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nble59/while_were_having_a_party_two_new_rules_just/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
I have no clue what are in these, but they sound juicy. 🤷♂️ Anyone know anything about these? This isn't the 801 we've waited for I know that.
|
||||||
|
|
||||||
|
SR-FICC-2021-003
|
||||||
|
|
||||||
|
<https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf>
|
||||||
|
|
||||||
|
SR-FICC-2021-801
|
||||||
|
|
||||||
|
<https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-801.pdf>
|
||||||
|
|
||||||
|
EDIT: Was posted yesterday but didn't seem to get much visibility. Original post: <https://www.reddit.com/r/Superstonk/comments/naxfrl/ficc2021003_ficc2021801_just_added_may_12_2021/>
|
||||||
|
|
||||||
|
Credit: [u/ReverseTickleMonster](https://www.reddit.com/u/ReverseTickleMonster/)
|
@ -0,0 +1,50 @@
|
|||||||
|
DTC-2021-008 Passed, DTC-2021-009 NEW rule proposed! A closer look at 009.
|
||||||
|
==========================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/creakfast](https://www.reddit.com/user/creakfast/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nvwnan/dtc2021008_passed_dtc2021009_new_rule_proposed_a/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Yesterday, 008 was passed, and another one has been proposed by the DTC, the 009.
|
||||||
|
|
||||||
|
(a) Purpose
|
||||||
|
|
||||||
|
The proposed rule change would amend the Service Guides and the OA to provide enhanced clarity around (i) deadlines, timeframes, and cutoffs established by DTC in connection with DTC services ("DTC-established Stakeholder Deadlines"), and (ii) the times and timeframes for DTC actions and processes relating to DTC services ("DTC Processing Times"). In particular, the proposed rule change would enhance the transparency around the ability of DTC to extend DTC-established Stakeholder Deadlines, and around DTC Processing Times, which are standards, rather than deadlines, as further described below.
|
||||||
|
|
||||||
|
The Service Guides and the OA (Operational Arrangements) are the standard operating procedures you gotta follow if you're a Participant (i.e. bank, HF, institution, etc.) within the DTCC.
|
||||||
|
|
||||||
|
So far, it just sounds like the DTC wants more clarity around anything time related when it comes to their services.
|
||||||
|
|
||||||
|
DTC believes that Participants and other stakeholders benefit from clear information about their rights and obligations relating to DTC-established Stakeholder Deadlines and DTC Processing Times so that they are able to plan and conduct their business and securities transactions more effectively.
|
||||||
|
|
||||||
|
Their reason for the rule change. ^
|
||||||
|
|
||||||
|
(iv) Proposed Rule Change
|
||||||
|
|
||||||
|
To effectuate the proposed changes described above, DTC would add the following paragraph near the beginning of each of the Service Guides and the OA:
|
||||||
|
|
||||||
|
Note: DTC, as it deems appropriate, may extend any deadline, timeframe, or cutoff established by DTC, including, without limitation, to (i) address operational or other delays that could reasonably affect the ability of DTC, a Participant or other stakeholder from meeting the deadline, timeframe, or cutoff; or (ii) allow DTC time operationally to exercise its existing rights under the Rules and Procedures. In addition, times applicable to DTC are standards and not deadlines; actual processing times may vary, based upon the circumstances. Any action taken by DTC in connection with this paragraph shall not establish a precedent for any situation that may occur in the future (or otherwise bind DTC in any manner). DTC disclaims all liability for any losses and/or expenses incurred by a Participant, stakeholder or any third-party resulting from, relating to, or arising from (i) any action taken by DTC in connection with this paragraph, (ii) the determination of DTC to decline to take action pursuant to this paragraph, and/or (iii) the failure of a Participant, stakeholder or any third-party to meet any deadline, timeframe, cutoff or requirement established by a party other than DTC.
|
||||||
|
|
||||||
|
Now this is the good part. The DTC can now extend deadlines, timeframes, and cutoffs than stated from their OA or Service Guides to address delays, and allow more time for DTC to exercise their rights.
|
||||||
|
|
||||||
|
And then: DTC disclaims all liability for any losses and/or expenses incurred by a Participant, stakeholder or any third-party resulting from, relating to, or arising from (i) any action taken by DTC in connection with this paragraph, (ii) the determination of DTC to decline to take action pursuant to this paragraph, and/or (iii) the failure of a Participant, stakeholder or any third-party to meet any deadline, timeframe, cutoff or requirement established by a party other than DTC.
|
||||||
|
|
||||||
|
To me this sounds like the DTCC knows the rocket is imminent and Marge is about to call a speed dial. They do not want to left holding the bag so they are basically saying "hedgies r fook."
|
||||||
|
|
||||||
|
The Service Guides provide Participants with procedures and information pertaining to DTC settlement and asset services. The procedures and information include, among other things, descriptions of DTC-established Stakeholder Deadlines for Participant and stakeholder6 action relating to DTC services. The OA is designed to provide Participants and other stakeholders with information and procedures related to DTC eligibility for securities, and to provide the requirements for, among other things, the orderly processing of securities, corporate actions, and distributions. The OA includes descriptions of DTC-established Stakeholder Deadlines in connection with the requirements and services.
|
||||||
|
|
||||||
|
Okay, so they're providing a little more detail on Service Guides and OA. But then there is a footnote at the end of this paragraph and this is what it says:
|
||||||
|
|
||||||
|
" For example, the OA requires that, in order for DTC to make a same day allocation of funds, the agent must provide DTC with CUSIP-specific details for the payment before 2:50 p.m. on payable date, and that the details must match the amount of funds that are received by DTC no later than 3:00 p.m. See OA, supra note 5, at 27 "
|
||||||
|
|
||||||
|
I need apes with a few more wrinkles to help me interpret that.
|
||||||
|
|
||||||
|
In addition, although the Important Legal Information page of the Service Guides and the OA already contain general disclaimers of liability, DTC is proposing to expressly state that DTC disclaims all liability for any losses and/or expenses incurred by a Participant, stakeholder, or any third-party resulting from, relating to, or arising from (i) any action taken by DTC with respect to an extension of a DTC-established Stakeholder Timeframe, (ii) the determination of DTC to decline to take action with respect to a DTC established Stakeholder Timeframe, and/or (iii) the failure of a Participant, stakeholder or other third-party to meet any deadline, timeframe, cutoff or requirement established by a party other than DTC. DTC believes that this express disclaimer would enhance the understanding of Participants and other stakeholders of their responsibilities in connection with DTC-established Stakeholder Deadlines and possible extensions, which would help them to more effectively assess the risks relating to an inability to meet a DTC-established Stakeholder Deadline and conduct their business accordingly.
|
||||||
|
|
||||||
|
Again, the DTC is reiterating that they are not liable for members' losses. THIS PARAGRAPH IS REPEATED OVER 10 TIMES IN THE RULE FILING.
|
||||||
|
|
||||||
|
TL;DR: I think DTC knows the member defaults are coming very soon, and they want everyone to know the bags will not held by them.
|
@ -0,0 +1,290 @@
|
|||||||
|
Breakdown of Gamestop's SEC 10-K from Legalese to Ape Speak from an Ape Lawyer - PART 3: I'm even MORE confident that GME confirmed, in legalese, that the POTENTIAL MOASS hasn't happened yet despite the media/shill FUD (NOT FINANCIAL/LEGAL ADVICE)
|
||||||
|
=======================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/luridess](https://www.reddit.com/user/luridess/) | [Reddit](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[luridess on her way to 🦍,🦍&🍌 LLP](https://iili.io/qwTNOx.jpg)
|
||||||
|
|
||||||
|
*Edits:*
|
||||||
|
|
||||||
|
1. *Added list of previous Legalese to* 🦍*Speak posts at the end*
|
||||||
|
|
||||||
|
2. *Edited bullet points under GME's reference to the January short squeeze for clarity*
|
||||||
|
|
||||||
|
3. *UPDATE 1: "To the Extent" in Legalese = "If" in* 🦍 *Speak, with reference to GME's statement about its shorted stocks and why GME didn't actually confirm that its stocks are currently shorted. See update at end of post.*
|
||||||
|
|
||||||
|
4. *EDIT: For more DD on Gamestop's other SEC filings and their implications, please refer to* [*this excellent post*](https://www.reddit.com/r/GME/comments/mecfwi/too_ape_didnt_read_sec_filings_part_two_fuck/?utm_source=share&utm_medium=web2x&context=3) *by* [u/Antioch_Orontes](https://www.reddit.com/u/Antioch_Orontes/)
|
||||||
|
|
||||||
|
5. *UPDATE 2: How a person reads a sentence vs. the actual legal meaning (IMPORTANT - SEE AT END OF POST)*
|
||||||
|
|
||||||
|
6. *UPDATE: Added an American example of "To the Extent" = "If" to UPDATE 1*
|
||||||
|
|
||||||
|
7. *UPDATE: added links to some comments from fellow apes & ape lawyers about their understanding of "To the extent" in UPDATE 1*
|
||||||
|
|
||||||
|
8. *Edit: Updated the point of my post from two to three items.*
|
||||||
|
|
||||||
|
9. *Edit: Apparently the* [*SI IS OVER 9000?!*](https://youtu.be/PCHxU7witPA?t=4) *Post from another wrinkly brained ape:* [*https://www.reddit.com/r/GME/comments/mfv3jg/the_short_interest_is_over_9000/?utm_source=share&utm_medium=web2x&context=3*](https://www.reddit.com/r/GME/comments/mfv3jg/the_short_interest_is_over_9000/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
The point of this post is to do three (not two) things:
|
||||||
|
|
||||||
|
1. Explain to you how to interpret SEC Legalese to 🦍🦍🦍 speak;
|
||||||
|
|
||||||
|
2. Provide my own theories on why GME referred to the short squeeze in their SEC Filings Form 10-k (based on my interpretation of the legalese); and
|
||||||
|
|
||||||
|
3. To provide an explanation of ANOTHER PIECE of the GME puzzle. This DD is not meant to replace all of the other excellent DD out there that deals with all the calculations, conclusions, explanations, etc. I encourage you to read everything and understand that this is just another tool in the toolbox. This post is meant to complement existing theories and DD that have relied on non-legalese data.
|
||||||
|
|
||||||
|
*NOT LEGAL ADVICE, NOT FINANCIAL ADVICE. FULL DISCLAIMER AT BOTTOM OF POST
|
||||||
|
|
||||||
|
Important - Different 🦍s can come to different conclusions when reading legalese, AND THIS IS OK!
|
||||||
|
|
||||||
|
- Conclusions & theories based on reading/interpreting legalese IS NOT THE SAME as conclusions & theories based on reading/interpreting numbers.
|
||||||
|
|
||||||
|
- 🦍🦍🦍 example:
|
||||||
|
|
||||||
|
- In Math, 🍌+🍌= 🍌🍌
|
||||||
|
|
||||||
|
- In Legalese, if I have 🍌 and you have 🍌 MAYBE that means we have 🍌🍌 together.
|
||||||
|
|
||||||
|
- But what if I don't want to combine my 🍌 with your 🍌?
|
||||||
|
|
||||||
|
- In that case just because you have a 🍌 and I have a 🍌 , doesn't necessarily mean that WE have 🍌🍌.
|
||||||
|
|
||||||
|
- The answer could just as easily be that if I have 🍌 and you have 🍌 , all that means is that we each have one 🍌.
|
||||||
|
|
||||||
|
- Confused?
|
||||||
|
|
||||||
|
- Welcome to the practice of law!
|
||||||
|
|
||||||
|
- This is why we have court hearings, because there are two (or multiple) sides and theories to different situations and it's up to a judge to figure out which side is most likely correct.
|
||||||
|
|
||||||
|
- So what does this mean about my posts/DD?
|
||||||
|
|
||||||
|
- It means that I have my theories based on my interpretation of the legalese.
|
||||||
|
|
||||||
|
- BUT I've seen a lot of excellent comments/messages from other 🦍s with different (and equally excellent) opinions of their takeaway from interpreting legalese.
|
||||||
|
|
||||||
|
- And this is perfectly ok! Because this is what the practice of law is all about.
|
||||||
|
|
||||||
|
🦍🦍🦍 SPEAK: What we know so far from the legalese:
|
||||||
|
|
||||||
|
- GME confirmed that as of January 31, 2021, ~~the stock was shorted over 100%~~ *a large proportion of their stock has been AND MAY CONTINUE TO BE traded by short sellers which may increase the likelihood that* 🍌🚀🌕
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rwk67end8zp61.jpg?width=938&format=pjpg&auto=webp&s=b2fe737bd653fdbbba0e57f11dcfe15f23f19603)
|
||||||
|
|
||||||
|
Source: GME 2021 SEC 10-K
|
||||||
|
|
||||||
|
- thank you [u/habitualpotatoes](https://www.reddit.com/u/habitualpotatoes/) and [u/Suspicious-Peach-440](https://www.reddit.com/u/Suspicious-Peach-440/) for pointing out that Gamestop didn't confirm their SI was over 100% in numbers.
|
||||||
|
|
||||||
|
- I jumped ahead of myself because what I initially stated above is actually my CONCLUSION based on the facts (legal and god-tier DD) available.
|
||||||
|
|
||||||
|
- I've corrected the "facts" section to reflect this important distinction.
|
||||||
|
|
||||||
|
- GME's 10-k referenced a short squeeze that happened in January.
|
||||||
|
|
||||||
|
- [u/Suspicious-Peach-440](https://www.reddit.com/u/Suspicious-Peach-440/) points out that [the filing refers to a short squeeze](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gshlasa?utm_source=share&utm_medium=web2x&context=3) at the end of fourth quarter fiscal 2020
|
||||||
|
|
||||||
|
- Page 22 of the filing refers to a "short squeeze" that happened at the end of Fourth Quarter Fiscal 2020
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gmxlav0dczp61.jpg?width=914&format=pjpg&auto=webp&s=428064287991224f62c5b8087ff5e6421155cdd2)
|
||||||
|
|
||||||
|
Source: GME 2021 SEC 10-K page 22
|
||||||
|
|
||||||
|
- You might be thinking - SO WHAT? We all know that the price spiked up in January. That's probably the short squeeze they're referring to that happened in the past.
|
||||||
|
|
||||||
|
- what... oh wait? Does this mean that the MOASS all the wrinkly-brained apes have been talking about and referring to in their DD already happened and it's over, because they referred to the January squeeze?
|
||||||
|
|
||||||
|
- Maybe... Possibly... Potentially...
|
||||||
|
|
||||||
|
EXCEPT...
|
||||||
|
|
||||||
|
- GME's 10-K ALSO referenced that ANOTHER SHORT SQUEEZE THAT MAY happen based on events up to and including March 17, 2021
|
||||||
|
|
||||||
|
[](https://preview.redd.it/oitm125z8zp61.jpg?width=930&format=pjpg&auto=webp&s=ad6de67cb68a0768202c7041ccd9c5517f250664)
|
||||||
|
|
||||||
|
Source: GME 2021 SEC 10-K
|
||||||
|
|
||||||
|
- Not only that, but they also confirm that there have been no material changes up to and including March 17, 2021, to account for such price volatility
|
||||||
|
|
||||||
|
- 🦍🦍 speak: we don't know what's going on but guys it's not us.
|
||||||
|
|
||||||
|
- We also have [GOD-TIER DD](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/?utm_source=share&utm_medium=web2x&context=3) from the mods, with at least one post confirming that: [Shorts haven't covered yet](https://www.reddit.com/r/GME/comments/mc3tyi/did_the_shorts_cover_lets_investigate_with_some/)
|
||||||
|
|
||||||
|
🦍🦍🦍 TLDR:
|
||||||
|
|
||||||
|
- If you read between the lines, GME CONFIRMED on March 23, 2021 in their SEC 10-K filing that:
|
||||||
|
|
||||||
|
- their stock was shorted as of January 31, 2021;
|
||||||
|
|
||||||
|
- a short squeeze happened in January 2021;
|
||||||
|
|
||||||
|
- a "large proportion" of their stock "may continue to be traded by short sellers";
|
||||||
|
|
||||||
|
- with a "likelihood" that GME will be the target of a "short squeeze"; and
|
||||||
|
|
||||||
|
- and this is based on dates/numbers/facts up to and including March 17, 2021.
|
||||||
|
|
||||||
|
🦍🦍🦍 SPEAK: PUTTING IT ALL TOGETHER - My conclusion based on the information above:
|
||||||
|
|
||||||
|
- If you read between the lines, GME CONFIRMED on March 23, 2021 that:
|
||||||
|
|
||||||
|
- the short squeeze in January wasn't the MOASS
|
||||||
|
|
||||||
|
- The short squeeze isn't over, despite what media/shills are saying
|
||||||
|
|
||||||
|
- There is a strong possibility of a short squeeze happening
|
||||||
|
|
||||||
|
- This is based on data up to and including March 17, 2021
|
||||||
|
|
||||||
|
- if their stocks continue to be shorted:
|
||||||
|
|
||||||
|
- then shorts may have to pay a lot of 🍌 to cover their butts
|
||||||
|
|
||||||
|
- this will "dramatically increase" the price of 🍌
|
||||||
|
|
||||||
|
- CONFIRMATION BIAS CONFIRMED! [u/greysweatseveryday](https://www.reddit.com/u/greysweatseveryday/) (a securities lawyer ape) agrees with my reading between the lines conclusion. [Comment can be found here](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gsdlfi1?context=3) thank you fellow lawyer ape! 🙏
|
||||||
|
|
||||||
|
🦍🦍🦍 SPEAK: Why is GME doing this?
|
||||||
|
|
||||||
|
- My own personal theory for why they'd do this:
|
||||||
|
|
||||||
|
- To confirm that the January squeeze WAS NOT THE MOASS
|
||||||
|
|
||||||
|
- to cause a catalyst by third parties so 🍌🚀🌕,
|
||||||
|
|
||||||
|
- while covering themselves in case anyone accuses them of price manipulation,
|
||||||
|
|
||||||
|
- and also basically saying that anyone who says the squeeze was squozen is incorrect and don't listen to shills/fud.
|
||||||
|
|
||||||
|
- Other excellent theories:
|
||||||
|
|
||||||
|
- [u/greysweatseveryday](https://www.reddit.com/u/greysweatseveryday/) is a securities lawyer 🦍 who's made some [excellent comments](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gsdsd5g?utm_source=share&utm_medium=web2x&context=3) and I suggest you go through their comment history because their have more wrinkles than me when it comes to the nuances of securities law.
|
||||||
|
|
||||||
|
- [u/habitualpotatoes](https://www.reddit.com/u/habitualpotatoes/): Far more interesting is the the repeated references to the fact that having the shares over shorted produces risk and instability in the operation of the company. Therefore they're setting up a legitimate reason to undertake action to explicitly get rid of short sellers. Without this, I think they could be in interesting legal water in the price manipulation territory but at the very least they wouldn't be able to force institutions holding their shares to comply with a complete recall for vote - where in the past only some shares were recalled when it was optional.
|
||||||
|
|
||||||
|
- [u/the_captain_slog](https://www.reddit.com/u/the_captain_slog/) makes an [excellent point here](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gse27ti?utm_source=share&utm_medium=web2x&context=3) regarding rarity of the language and that this is an attempt to create legal boilerplate
|
||||||
|
|
||||||
|
- 🦍🦍🦍 SPEAK: a 'legal boilerplate" = copypasta
|
||||||
|
|
||||||
|
- [u/flgirl04](https://www.reddit.com/u/flgirl04/) compares the [squeeze language](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gsdhlrl?utm_source=share&utm_medium=web2x&context=3) to the WV/Porsche language
|
||||||
|
|
||||||
|
- [u/eispac](https://www.reddit.com/u/eispac/) has some[good theories](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/gsdbwtp?utm_source=share&utm_medium=web2x&context=3) as well.
|
||||||
|
|
||||||
|
_______________________________
|
||||||
|
|
||||||
|
UPDATE 1: LEGALESE TO 🦍 SPEAK: the meaning of "To the extent that"
|
||||||
|
|
||||||
|
UPDATE: [u/JabbaLeSlut](https://www.reddit.com/u/JabbaLeSlut/) [asked an excellent question](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/gsp7dsk?utm_source=share&utm_medium=web2x&context=3), saying that unless they're missing something, [GME confirmed it's been shorted 100%](https://www.reddit.com/r/GME/comments/mbq7p5/huge_warning_to_shorts_in_gme_10k_doc/?utm_source=share&utm_medium=web2x&context=3).
|
||||||
|
|
||||||
|
- In my initial post, I also made this statement, but In my excitement to share my DD I forgot to clarify that this was NOT a fact, but was instead a CONCLUSION, and I was making this CONCLUSION based on a reading all of the facts from the God-tier DD and coupled with my own legalese interpretation of the SEC filing.
|
||||||
|
|
||||||
|
- Another example of why words matter, especially in legalese.
|
||||||
|
|
||||||
|
- Anyway, a lot of people are interpreting this paragraph of GME's SEC filing:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/s10kti2dvzp61.jpg?width=879&format=pjpg&auto=webp&s=da1b36860d6648d2b4dbf98f9c4dad550c740202)
|
||||||
|
|
||||||
|
Source: GME 2021 SEC 10-k
|
||||||
|
|
||||||
|
- to automatically mean that GME is stating it's been shorted over 100%.
|
||||||
|
|
||||||
|
BUT --> notice something in that huge block of text?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p5c3jkqhvzp61.jpg?width=872&format=pjpg&auto=webp&s=ede552d3652ab099855f41484ac336d270f78f75)
|
||||||
|
|
||||||
|
Source: GME 2021 SEC 10-K
|
||||||
|
|
||||||
|
"To the Extent"
|
||||||
|
|
||||||
|
- You might think this is just some fancy legalese to make everything sound more official and important, but remember that EVERY WORD IN LEGALESE MATTERS!
|
||||||
|
|
||||||
|
- So what does "To the Extent" Mean?
|
||||||
|
|
||||||
|
- Remember when I told you that entire court cases have revolved over the meaning of a word, comma, a phrase, etc?
|
||||||
|
|
||||||
|
- You think I was joking?
|
||||||
|
|
||||||
|
- [Here's a case](http://www.bailii.org/ew/cases/EWHC/Comm/2017/2542.html) where the parties were LITERALLY arguing the meaning of the phrase "To the Extent" and the judge had to figure out which definition was the right one.
|
||||||
|
|
||||||
|
TLDR of the [judge's decision](https://translatinglawyers.com/2018/01/22/word-of-the-week-to-the-extent-that/): "To the extent" = "IF"
|
||||||
|
|
||||||
|
UPDATE: [AMERICAN EXAMPLE](https://www.adamsdrafting.com/revisiting-to-the-extent-that/) OF "To the extent" = "IF"
|
||||||
|
|
||||||
|
UPDATE:
|
||||||
|
|
||||||
|
- [u/Suspicious-Peach-440](https://www.reddit.com/u/Suspicious-Peach-440/): [On the importance of commas in sentences](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/gsq411q?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
- [u/CecaniahCorabelle](https://www.reddit.com/u/CecaniahCorabelle/): [un-simplifying my ape speak](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/gspxdlv?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
- [u/Majorero81](https://www.reddit.com/u/Majorero81/): [Ape lawyer from Europe](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/gsq6cco?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
🦍 SPEAK CONCLUSION:
|
||||||
|
|
||||||
|
Gamestop is saying: we're not telling you that our stock is currently shorted over 100%, BUT IF our stock is shorted over 100%, then the MOASS is a strong possibility.
|
||||||
|
|
||||||
|
_______________________________
|
||||||
|
|
||||||
|
UPDATE 2: LEGALESE TO 🦍 SPEAK: How people read it vs how lawyers read it AND WHY THIS MATTERS
|
||||||
|
|
||||||
|
- I'm seeing some comments about how "this legalese interpretation is interesting but I disagree and this is how I read/interpret it".
|
||||||
|
|
||||||
|
- First of all, THANK YOU everyone for keeping your comments and discussions civil and respectful, this is SO IMPORTANT especially when debating different positions/ideas/opinions.
|
||||||
|
|
||||||
|
- You are of course entitled to your opinion, but that doesn't mean your opinion is necessarily CORRECT if you have to DEFEND IT IN A COURT OF LAW.
|
||||||
|
|
||||||
|
- This is why lawyers will spend hours and hours reading and reviewing past court cases with similar situations to figure out if their position is right or not. (Think of every single Suits Montage you've seen where they are pouring over books/computers preparing for a court case the next day)
|
||||||
|
|
||||||
|
- Example #1: "Without Limitation"
|
||||||
|
|
||||||
|
- I was inspired to write my first post because a lot of people were incorrectly interpreting the phrase "without limitation" to mean that GME confirmed, without a doubt, that there is a short squeeze with an unlimited price coming.
|
||||||
|
|
||||||
|
- And while that is what we all want, it's COMPLETELY incorrect to assume that, especially with all of the legal disclaimers and phrases they are using.
|
||||||
|
|
||||||
|
- I explained why, in my first post, the phrase "without limitation" does not in fact refer to the value of the short squeeze, and instead refers to the fact that the list of factors is not exhaustive.
|
||||||
|
|
||||||
|
- Example #2: "To the Extent"
|
||||||
|
|
||||||
|
- While some are saying that they still read GME's sentence to mean that they are confirming the stock is currently shorted despite what I've said, I'm here to say that that's your opinion and you're entitled to it.
|
||||||
|
|
||||||
|
- BUT
|
||||||
|
|
||||||
|
- I'm here to give you some DD by telling you that, in legalese, this is completely incorrect.
|
||||||
|
|
||||||
|
- And I've even provided official court cases to support my DD that "To the Extent" means "IF". (See Update #1)
|
||||||
|
|
||||||
|
- I know this is not the good news that you want to hear.
|
||||||
|
|
||||||
|
- BUT if you want to learn how to read SEC documents, or any legal documents, especially to help yourselves in the future, please understand that these interpretations I'm providing are not coming out of thin air.
|
||||||
|
|
||||||
|
- There's a reason that I'm interpreting LEGALESE TO 🦍 SPEAK, and that reason is that if you don't know which words/phrases/grammatical structures to look out for, there is a strong possibility that you will completely misunderstand what is being said.
|
||||||
|
|
||||||
|
- [u/CecaniahCorabelle](https://www.reddit.com/u/CecaniahCorabelle/) made an [excellent point](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/gspgdgm?utm_source=share&utm_medium=web2x&context=3): "Not arguing either but how you read it versus what is actually legally represented is different."
|
||||||
|
|
||||||
|
_______________________________
|
||||||
|
|
||||||
|
Previous Legalese to 🦍 Speak Posts:
|
||||||
|
|
||||||
|
1. [Breakdown of the SEC Legalese from a fellow lawyer ape who deals with SEC filings for a living (NOT FINANCIAL ADVICE, NOT LEGAL ADVICE)](https://www.reddit.com/r/GME/comments/mc5jbj/breakdown_of_the_sec_legalese_from_a_fellow/)
|
||||||
|
|
||||||
|
2. [Breakdown of Gamestop's SEC 10-K from Legalese to Ape Speak from an Ape Lawyer - PART 2: What is a "Forward-looking statement"; when forward-looking statements must be disclosed; did Gamestop have to include a potential "short squeeze" in their 10-K; & what this means (NOT FINANCIAL/LEGAL ADVICE)](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/)
|
||||||
|
|
||||||
|
FULL DISCLOSURE:
|
||||||
|
|
||||||
|
- *This is not financial advice, this is not legal advice.*
|
||||||
|
|
||||||
|
- *I am NOT a securities lawyer.* *I do not prepare and file SEC forms.*
|
||||||
|
|
||||||
|
- *I am a customs/duties/tariffs litigator**, dealing with international* [*WTO hearings*](https://www.wto.org/english/tratop_e/dispu_e/dispu_status_e.htm) *and hearings similar to those at the* [*USITC*](https://www.usitc.gov/)*.*
|
||||||
|
|
||||||
|
- *SEC filings are a very important part of my practice because auditing and cross-examining a company's financials, including their SEC filings, is a key part in determining whether or not there has been injury caused by dumped/subsidized goods.*
|
||||||
|
|
||||||
|
- *My job is to read/review SEC forms, litigate them, find the loopholes, find the errors, find the language/terminology that can either support or not support a potential claim, and that includes cross-examining those who are responsible for them (CEO, CFO, COO, etc, depending on the case and who is available etc).*
|
||||||
|
|
||||||
|
- *This is also a learning exercise for me. The reason that I started looking this stuff up was because I was personally fascinated with what was going on, and I wanted to learn more. I decided to share what I've found out, and my personal thoughts, with everyone. I am on a learning journey and just taking you along for the ride. If I find something later in my research that is different than what I've said here, I will of course update this and provide explanations.*
|
||||||
|
|
||||||
|
- *If you are a securities lawyer or have any additional information that can help clarify/correct/elaborate on this post, please comment below and I will add the edits.*
|
@ -0,0 +1,210 @@
|
|||||||
|
SEC Legalese to Ape Speak - FINAL CHAPTER: How Gamestop is using its SEC 10-K Filings to fight back against targeted naked short selling (aka My Magnum Opus)
|
||||||
|
=============================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/luridess](https://www.reddit.com/user/luridess/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/airs5qb0wv371.jpg?width=889&format=pjpg&auto=webp&s=62d262f18d48d781c20449ebc8a5c35ce5de3479)
|
||||||
|
|
||||||
|
u/luridess on her way to 🦍, 🦍, & 🍌 LLP
|
||||||
|
|
||||||
|
*[Update: Thank you all for the kind words and comments. I've responded to some of you at the bottom of my post in order to keep the conversation going so that everyone can see it]*
|
||||||
|
|
||||||
|
INTRODUCTION:
|
||||||
|
|
||||||
|
The Gamestop Saga is an ever-evolving story. We have all come such a long way from when we first got involved by buying our first stock, posting memes, and wondering what the heck is going on.
|
||||||
|
|
||||||
|
We've begun to dig deeper, look further, search for missing pieces, and connect the dots in order to paint a picture of what appears to be happening with Gamestop, Wall Street, naked short selling, and hedge funds.
|
||||||
|
|
||||||
|
What began as individuals posting their thoughts/DD back in February and March, has now turned into a global hivemind where people from all around the world are coming together to collaborate in an effort to share knowledge, and data. People who only know each other by their respective usernames are working together to collect and gather information and they are sharing it with the rest of the world for no reason other than to share information.
|
||||||
|
|
||||||
|
I think what's fascinating is not just the quality of the DD being posted, but the fact that the DD is coming from various angles: technical analysis, FTD cycles, dark pools, HFT, SEC filings, and US regulatory rule changes are some angles that come to mind.
|
||||||
|
|
||||||
|
Each of these angles tells part of a story. Each one is a chapter unto itself.
|
||||||
|
|
||||||
|
What Wall Street is so desperately afraid of is the power of the [r/Superstonk](https://www.reddit.com/r/Superstonk/) hivemind to post their collective chapters here so that together we can create a book and tell a story.
|
||||||
|
|
||||||
|
WHEN WAS GAMESTOP SHORTED BY HEDGE FUNDS?
|
||||||
|
|
||||||
|
For a few weeks now, I've been trying to find the answer to this following question:
|
||||||
|
|
||||||
|
"When did Hedge Funds first start shorting GME?"
|
||||||
|
|
||||||
|
Being a lawyer, I'm not good with stocks or the stock market in general. I asked around, but no one really seemed to have an answer. I didn't know where to go or what to search for, really, nor do I have any subscriptions to Bloomberg terminals or stock sites that provide this kind of data.
|
||||||
|
|
||||||
|
It was only when [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) posted [his DD today](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/), which is another excellent collaboration by a number of [r/Superstonk](https://www.reddit.com/r/Superstonk/) users, that I was able to get the answer (or as close to the answer as possible) that I needed in order to share my chapter of the Gamestop Saga with the community.
|
||||||
|
|
||||||
|
> 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:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yoe6mfl90w371.png?width=1750&format=png&auto=webp&s=62be2900f0d15efec9fbe031a1b894adaadb2cfa)
|
||||||
|
|
||||||
|
[Credit to u/orangecatmasterrace]
|
||||||
|
|
||||||
|
MY PREVIOUS SEC LEGALESE TO APE SPEAK POSTS:
|
||||||
|
|
||||||
|
In my previous SEC Legalese to Ape Speak Posts, I shared information, made several thoughts/comments, went on a few rants, and also made a few predictions. That was my attempt to try and explain what I was seeing/reading and try to interpret it to plain-English.
|
||||||
|
|
||||||
|
I also shared my interpretations/thoughts/comments, as well as a few predictions, based on things that I was not seeing in Gamestop's 10-K SEC filings.
|
||||||
|
|
||||||
|
A number of my theories turned out to be true.
|
||||||
|
|
||||||
|
My initial post had a side-by-side chart comparing Gamestop's 2020 and 2021 SEC 10-K filings. I posted it as a table directly to reddit, so it was difficult to properly format/colour code/merge rows/boxes.
|
||||||
|
|
||||||
|
This time around, I made an excel spreadsheet and I've screenshotted it and uploaded it as pictures for you all, both to save text space but also to make it easier to follow along and read.
|
||||||
|
|
||||||
|
I now present to you my Magnum Opus:
|
||||||
|
|
||||||
|
How Gamestop is using its SEC 10-K filings to fight back against targeted Naked Short Selling
|
||||||
|
|
||||||
|
Gamestop's SEC 10-K Filings: A side-by-side comparison of 2018-2021
|
||||||
|
|
||||||
|
(empty boxes means that the risk factor was not present in that year's SEC 10-K filing)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/u1l4hi38wv371.png?width=1420&format=png&auto=webp&s=0f5c1dc3c00a28c17a6bf582673c2a915ca20af0)
|
||||||
|
|
||||||
|
[Image 1]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/olcusor9wv371.png?width=1419&format=png&auto=webp&s=a666f16759761c3bfc26a07bac1ef964393e72e6)
|
||||||
|
|
||||||
|
[Image 2]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/k3po9omawv371.png?width=1422&format=png&auto=webp&s=66435b37c88084945872f1008d9cb80c965fa17b)
|
||||||
|
|
||||||
|
[Image 3]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/urteavebwv371.png?width=1420&format=png&auto=webp&s=aa942f29dd6dc7b9685369ba3cf5f8721583ae84)
|
||||||
|
|
||||||
|
[Image 4]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ugzz9b6cwv371.png?width=1418&format=png&auto=webp&s=bfa903dd8a1377fe34a70c2c73246f6ce456da05)
|
||||||
|
|
||||||
|
[Image 5]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8m6ruoycwv371.png?width=1419&format=png&auto=webp&s=0f8a2223d01ec1bb2da38ccac959b80c0ddb2dcc)
|
||||||
|
|
||||||
|
[Image 6]
|
||||||
|
|
||||||
|
What does the side-by-side comparison tell us?
|
||||||
|
|
||||||
|
Well, a lot, actually.
|
||||||
|
|
||||||
|
But the most significant piece of the puzzle is the last image with the Itemized List of Credit Risks/Indebtedness.
|
||||||
|
|
||||||
|
As we all know by now, the strategy of a short seller is to never cover their shorts.
|
||||||
|
|
||||||
|
They achieve this by forcing a company into bankruptcy through stock price manipulation.
|
||||||
|
|
||||||
|
From 2017-2019, Gamestop was at risk of going bankrupt, making it a huge target for ~~vultures~~ hedge funds. They could smell blood, and as the chart provided by [u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/) in [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/)'s DD showed, they started shorting Gamestop back in 2018, after their 2018 10-K SEC filing.
|
||||||
|
|
||||||
|
This went on for 3 years. It appeared as if things were getting worse for Gamestop:
|
||||||
|
|
||||||
|
- It was in debt;
|
||||||
|
|
||||||
|
- It was failing to attract key personnel;
|
||||||
|
|
||||||
|
- It removed stock dividends;
|
||||||
|
|
||||||
|
- It was falling behind to competitors like Amazon and Steam.
|
||||||
|
|
||||||
|
To Hedge Funds, it seemed like Gamestop was bleeding profusely, and this emboldened them to short the stock even further - they were gambling on what appeared to be a sure-fire win.
|
||||||
|
|
||||||
|
Gamestop's 2021 10-K SEC Filing Changed the Game:
|
||||||
|
|
||||||
|
[In my first post](https://www.reddit.com/r/GME/comments/mc5jbj/breakdown_of_the_sec_legalese_from_a_fellow/), I commented that:
|
||||||
|
|
||||||
|
- In 2021, Gamestop changed their Business Risk Factor title from "Risks Related to our Business" to "Risks related to our ability to grow our business";
|
||||||
|
|
||||||
|
- In 2021, Gamestop completely removed their "Risks Relating to Indebtedness";
|
||||||
|
|
||||||
|
- In 2021, Gamestop included, for the first time, "Risks Related to Our Common Stock" and:
|
||||||
|
|
||||||
|
- confirmed that "a large proportion of their stock has and may continue to be traded by short sellers"
|
||||||
|
|
||||||
|
- referenced a possible short squeeze in the future
|
||||||
|
|
||||||
|
I theorized some possible reasons for this in my first, [second](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) and [third](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) posts:
|
||||||
|
|
||||||
|
- Gamestop no longer sees bankruptcy as a reasonable or forseeable risk factor in 2021
|
||||||
|
|
||||||
|
- Gamestop is no longer in debt
|
||||||
|
|
||||||
|
- Gamestop is confirming that its stock was shorted and may still be shorted
|
||||||
|
|
||||||
|
Recent events have shown that my theories were accurate.
|
||||||
|
|
||||||
|
Here are just some recent updates, for example:
|
||||||
|
|
||||||
|
- Gamestop is now out of debt
|
||||||
|
|
||||||
|
- Gamestop is thriving internationally (ex. updated its global websites)
|
||||||
|
|
||||||
|
- Gamestop is working on an NFT
|
||||||
|
|
||||||
|
- Gamestop has hired quality key personnel
|
||||||
|
|
||||||
|
- *Update:* Gamestop is updating its e-commerce strategy *(Forgot to add this in. This is important. See Image 3, Row 3, and my Update below)*
|
||||||
|
|
||||||
|
Why would Gamestop do this?
|
||||||
|
|
||||||
|
The message that, *I believe*, Gamestop is sending its investors as well as those hedge funds who have shorted it is this:
|
||||||
|
|
||||||
|
Gamestop is not going anywhere.
|
||||||
|
|
||||||
|
Shorts must cover.
|
||||||
|
|
||||||
|
💎🙌🚀🌕
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6nhgafsh7w371.png?width=300&format=png&auto=webp&s=93f0e5b7258d41665e8d3990e5aeeae77c61bedf)
|
||||||
|
|
||||||
|
u/luridess out!
|
||||||
|
|
||||||
|
*Edits/Updates:*
|
||||||
|
|
||||||
|
1. New Observation as further proof that Gamestop is communicating with shareholders and hedgefunds: In 2021, Gamestop very sneakily referenced its e-commerce platform, for the first time, as a possible strategy for retaining customers due to store closures. See Image 3, Row 3. (I forgot to add this in my original post above).
|
||||||
|
|
||||||
|
2. Added e-commerce as another recent update example, which is important given the clues Gamestop left in its 2021 SEC 10-K filing
|
||||||
|
|
||||||
|
3. In response to [u/Meegeek](https://www.reddit.com/u/Meegeek/)'s insightful [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0ymild?utm_source=share&utm_medium=web2x&context=3):
|
||||||
|
|
||||||
|
1. Yes I agree with you - 10-K filings are the main communication tool for publicly-listed companies. Normally, these things are very dry and are only read by analysts/lawyers/professionals.
|
||||||
|
|
||||||
|
2. It's also obvious that this was the case with Gamestop's previous 10-K filings.
|
||||||
|
|
||||||
|
3. I agree with you that Gamestop's 2021 10-K filing is unique.
|
||||||
|
|
||||||
|
4. The fact that Gamestop confirmed that its shares were shorted as of January 31, 2021, to me seems like Gamestop is saying between the lines: We are aware of what is going on, we are aware that we are being targeted by naked short sellers who are betting on us going bankrupt, and we are implementing fundamental changes to the company as a way to fight back. Game on.
|
||||||
|
|
||||||
|
5. This is why we see not only a fundamental shift in risk factors, but also very specific language being used (For example, the addition of "e-commerce" as possible strategy for retaining customers due to store closures. These tiny few words hinted at what was coming, something that most of us missed on the first read: Gamestop's fundamental shift in its e-commerce strategy just weeks after filing its 10-K in March 2021)
|
||||||
|
|
||||||
|
6. My theory is that Hedge Funds probably have hundreds of people hired whose sole job is to go through each company's 10-K filings and determine, on a year-by-year basis, which companies look like they will go bankrupt in the next few years or so. Then, armed with that information, they go after those companies. The side-by-side comparison of Gamestop's 10-K filings seems to be a perfect example of that, right up until 2021.
|
||||||
|
|
||||||
|
4. In response to [u/readitfan](https://www.reddit.com/u/readitfan/)'s comment: I updated the image caption on the Mic Drop to reflect your comment. :)
|
||||||
|
|
||||||
|
5. In response to [u/eastrod](https://www.reddit.com/u/eastrod/)'s [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yuqav?utm_source=share&utm_medium=web2x&context=3):
|
||||||
|
|
||||||
|
1. Thank you. I will certainly take a look at Gamestop's 8-K after it's posted and share my thoughts. I'm subscribed to their SEC Filing RSS feed.
|
||||||
|
|
||||||
|
2. In the meantime, [here's a link to last year's SEC 8-K](https://news.gamestop.com/node/18081/html), filed on June 18, 2020 after their June 12, 2020 shareholder's meeting.
|
||||||
|
|
||||||
|
3. Here's the relevant wording used last year:"On June 12, 2020, the Company held its annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, the stockholders voted on: (1) the election of directors; (2) an advisory non-binding resolution regarding the compensation of the Company's named executive officers; and (3) the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending January 30, 2021.First Coast Results, Inc., the independent inspector of the elections (the "Inspector") for the Annual Meeting, delivered its final vote tabulation on June 17, 2020 that certified the voting results for each of the matters that were submitted to a vote at the Annual Meeting. According to the Inspector's final tabulation of voting, stockholders representing 42,886,817 shares, or 66.4% of the Company's common stock outstanding as of the record date for the Annual Meeting, were present in person or were represented by proxy at the Annual Meeting."
|
||||||
|
|
||||||
|
6. In response to [u/eastrod](https://www.reddit.com/u/eastrod/)'s [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yxuh4?utm_source=share&utm_medium=web2x&context=3): I COMPLETELY FORGOT ABOUT THAT! You're right. Although I didn't know what was going on at the time, I did spot Gamestop slowly trickling shares into the market back on April 15 but no one listened to me 😥
|
||||||
|
|
||||||
|
1. EASTER EGG UPDATE: Another forgotten Easter Egg that I noticed in Gamestop's April 15 SEC filing but didn't know what was happening (because I completely forgot about this until [u/eastrod](https://www.reddit.com/u/eastrod/) mentioned it in a comment below)
|
||||||
|
|
||||||
|
2. I [posted this](https://www.reddit.com/r/Superstonk/comments/mwup95/i_figured_out_why_uratioatblessons_mentioned_me/) a month ago in response to some of the conspiracy theories out there about me. It didn't gain a lot of traction and so not many people saw what I spotted: That Gamestop's total share count was higher on April 15 than it had been when it filed its 10-K in March.
|
||||||
|
|
||||||
|
3. In that post, I basically said:\
|
||||||
|
*"If you 🦍s do want to spend some time and energy chasing something, maybe you should try to figure out how Gamestop suddenly has 835,950 MORE shares as of April 15, than it did when it filed its 2021 SEC filing.*\
|
||||||
|
*Could be nothing, could be something. I don't have enough wrinkles to figure that out. I'm just good at spotting differences."*
|
||||||
|
|
||||||
|
4. My comment was dismissed, and no one bothered to follow up on that SEC filing.
|
||||||
|
|
||||||
|
5. It was only after the fact that we all realized this was Gamestop slowly trickling shares into the market...
|
@ -0,0 +1,60 @@
|
|||||||
|
FINRA Regulatory Notice 21-19 (Filed 6/4) - FINRA Requests Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting
|
||||||
|
======================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/vLVw8MFI4P7SL2g9AW7u](https://www.reddit.com/user/vLVw8MFI4P7SL2g9AW7u/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu28kf/finra_regulatory_notice_2119_filed_64_finra/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
FINRA filed a new proposal ([Regulatory Notice 21-19](https://www.finra.org/rules-guidance/notices/21-19)) on Friday that looks to make a bunch of changes to how it handles short interest. I pulled out some of the ones that stuck out the most to me because this thing is absolutely massive and seems to touch everything related to naked shorts.
|
||||||
|
|
||||||
|
> Summary
|
||||||
|
>
|
||||||
|
> FINRA is requesting comment on potential enhancements to its short sale reporting program. FINRA is considering: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity. FINRA believes that these potential changes could improve the usefulness of short sale-related information to FINRA, other regulators, investors and other market participants.
|
||||||
|
|
||||||
|
> Content of Short Interest Data
|
||||||
|
>
|
||||||
|
> Proprietary and Customer Account Categorization: FINRA is considering requiring firms to segregate the total reportable short interest into two categories---short interest held in proprietary accounts and short interest held in customer accounts. Specifically, in addition to reporting the total short interest in a security, firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date. FINRA believes that this information would provide beneficial regulatory information regarding the type of market participant that accumulated a short interest position (i.e., a firm or a non-broker-dealer customer).
|
||||||
|
|
||||||
|
Prop trading is when a broker-dealer trades on their own behalf instead of the on their clients behalf. This rule change would force market makers like Citadel, Virtu, Susquehanna, & Jane Street that engage in prop trading to report their "house money" accounts separately from any other account that they manage (hedge funds, ETFs, mutual funds).
|
||||||
|
|
||||||
|
> Account-level Position Information Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities. Account-level short interest position information would provide FINRA with insight into the identity of the individuals or entities that accumulated concentrations of large short interest positions, which FINRA would use to enhance its reviews for compliance both with SEC Regulation SHO and FINRA's short sale rules.
|
||||||
|
>
|
||||||
|
> Synthetic Short Positions In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies. FINRA believes this information would assist FINRA in understanding the scope of market participants' short sale activity, specifically regarding the use of less-traditional means of establishing short interest.
|
||||||
|
|
||||||
|
Reading between the lines, FINRA has no idea how many shorts are out there. Here's a good [legal case](http://www.sec.gov/litigation/admin/2014/33-9522.pdf) from the SEC where they explain how naked shorts are hidden:
|
||||||
|
|
||||||
|
*"Respondents' accounts were at brokerage firms that prohibited short selling in certain hard to borrow securities, and thus, the brokerage firms required Respondents to close any short position resulting from options activity and to deliver securities within the standard three-day settlement period. Rather than deliver the securities, Respondents executed sham transactions to create the illusion that they had delivered when in fact they maintained these uncovered "naked" short positions."*
|
||||||
|
|
||||||
|
Essentially, by breaking out the positions by account, FINRA is hoping to see both sides of the netted trade in order to figure out where these shorts are.
|
||||||
|
|
||||||
|
> Loan Obligations Resulting From Arranged Financing
|
||||||
|
>
|
||||||
|
> FINRA understands that members may offer arranged financing programs (sometimes called "enhanced lending" or "short arranging products") through which a customer can borrow shares from the firm's domestic or foreign affiliate and use those shares to close out a short position in the customer's account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock.
|
||||||
|
|
||||||
|
I'll let securities lending expert [Nomura](https://www.nomura.com/resources/europe/pdfs/equity-fianace.pdf) (ring any bells?) give us some context:
|
||||||
|
|
||||||
|
*"Securities lending initially developed as a way of* *reducing costs resulting from failed deliveries* *and was often arranged on an* *informal basis between broker/dealers**.*
|
||||||
|
|
||||||
|
*Securities lending is the loan of a security from a lender, often an institutional investor such as a pension fund or fund manager, to a borrower, usually a broker/dealer who requires the securities to support various trading activities. The security is exchanged for collateral of an agreed type, for an agreed value plus margin.*
|
||||||
|
|
||||||
|
*Loans are typically arranged on an open basis, meaning that there is an implicit agreement to return the security at a future undetermined date. The borrower pays a fee for the loan to the lender, and for the period of the loan the lender retains all the benefits of ownership of the loaned security except the right to vote.."*
|
||||||
|
|
||||||
|
> Frequency and Timing of Short Interest Position Reporting and Data Dissemination
|
||||||
|
>
|
||||||
|
> Members currently must submit short interest reports to FINRA twice a month and reports are due to FINRA by 6:00 p.m. ET on the second business day after the reporting settlement date designated by FINRA. FINRA is considering requiring firms to report short interest data to FINRA more frequently. Specifically, FINRA is considering reducing the reporting timeframe to daily or weekly submissions and, to enable FINRA to disseminate the collected information to the marketplace on a timelier basis, such reports also would be due to FINRA in a shorter timeframe following the applicable settlement date.
|
||||||
|
>
|
||||||
|
> By increasing the reporting frequency to weekly or daily, reducing the time after the settlement date by which firms must report short interest to FINRA, and reducing the delay prior to public dissemination, FINRA and other regulators would have a more current view of short interest information for oversight of compliance with Regulation SHO and other short sale obligations. More frequently updated and current information on short positions may also be more useful to other market participants making investment decisions than the information available from FINRA today. The value of this information to market participants is demonstrated by the demand for estimates of daily short interest.
|
||||||
|
>
|
||||||
|
> The magnitude of costs accommodating more frequent reporting with a faster turn-around time is unclear and would depend on the amount of labor involved. Changes in costs may result in changes in short selling behavior by firms or investors. We request comment on the costs associated with increased frequency and shorter timing for short interest reporting below.
|
||||||
|
>
|
||||||
|
> It is possible that more frequent public disclosure of short interest positions could discourage short selling, which is an important mechanism for price efficiency and for liquidity provision.[20](https://www.finra.org/rules-guidance/notices/21-19#_edn20) We also request comment below on potential negative outcomes of making this information publicly available.
|
||||||
|
|
||||||
|
I think this might be what DFV was [tweeting](https://twitter.com/TheRoaringKitty/status/1401660169579220995?s=20) about earlier. It's saying that instead of reporting short interest twice a month, they want short interest reports EVERY DAY on their desks at 6pm and it sounds like this is the big one.
|
||||||
|
|
||||||
|
TL;DR
|
||||||
|
|
||||||
|
FINRA's proposing rule changes that would all shine a light up the keisters of institutions that are caught up in FTDs and naked shorting.
|
@ -0,0 +1,44 @@
|
|||||||
|
FINRA Regulatory Notice 21-19: New Short Sale Reporting Regime
|
||||||
|
==============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Hi everyone,
|
||||||
|
|
||||||
|
My apologies for not being more active the last two weeks or so - life has a tendency to get in the way. But part of that involves something that I'm very excited to announce on here, hopefully in another week or two.
|
||||||
|
|
||||||
|
Today I want to call your attention to FINRA's most [regulatory notice - 21-19](https://www.finra.org/rules-guidance/notices/21-19).
|
||||||
|
|
||||||
|
This is clearly in response to the volatility involving GME and AMC, amongst others. FINRA is proposing some very significant changes to short-sale related disclosures. This is a big set of changes, and it looks very encouraging to me. The headlines are:
|
||||||
|
|
||||||
|
- Consolidation of short interest data publication, centralized on the FINRA website
|
||||||
|
|
||||||
|
- Changes to the content of short interest data
|
||||||
|
|
||||||
|
- Require firms to segregate short interest held in proprietary accounts vs that held in customer accounts.
|
||||||
|
|
||||||
|
- Report to FINRA account-level short interest (not for publication).
|
||||||
|
|
||||||
|
- Report synthetic short positions. Interestingly they only note options contracts, and do not include security-based swaps. They are asking for comments on this.
|
||||||
|
|
||||||
|
- Loan obligations from arranged financing to better reflect actual short sentiment.
|
||||||
|
|
||||||
|
- Total shares outstanding and the public float.
|
||||||
|
|
||||||
|
- FINRA is considering reducing reporting timeframe to daily or weekly, and is asking for comments on this.
|
||||||
|
|
||||||
|
- Information on allocations of FTD positions - a daily report of FTD allocations at the security level, with applicable closeout obligation. This would not be for publication, but to allow FINRA to conduct more effective investigations.
|
||||||
|
|
||||||
|
- They're asking for comments on whether to create a reporting framework around stock lending activity.
|
||||||
|
|
||||||
|
If you visit the page I linked above, you can see the full details of the regulatory notice, and also all of FINRA's questions for public comment.
|
||||||
|
|
||||||
|
Submitting a comment letter can be a very effective way of advocating for change and showing FINRA that there is demand for a far more rigorous disclosure regime. The best comment letters are concise, well cited with evidence to back up claims, and unemotional. I know this is a hot button topic, but my feeling is that FINRA is trying to figure out what to do here, and I would urge you to engage them in good faith.
|
||||||
|
|
||||||
|
Please let me know if you have any questions, I'll do my best to respond to as many as I can.
|
@ -0,0 +1,86 @@
|
|||||||
|
DTC-2021-005 is supposed to be the regulatory change that will curtail naked short selling. It was removed from the DTCC website last month under the guise of 'final formatting changes'. I don't think it's coming back. Here's why.
|
||||||
|
======================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/SpinCharm](https://www.reddit.com/user/SpinCharm/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntg2ya/dtc2021005_is_supposed_to_be_the_regulatory/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Opinion 👽](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&restrict_sr=1)
|
||||||
|
|
||||||
|
I was just trying to figure out why DTC-2021-005 disappeared from the SEC website.
|
||||||
|
|
||||||
|
Edit: I [found the source](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) of my understanding about why it was removed. [u/kamayatzee](https://www.reddit.com/u/kamayatzee/) contacted John Petrofsky, general council at the DTCC, who replied with the "technical formatting" explanation.
|
||||||
|
|
||||||
|
Why it matters.
|
||||||
|
|
||||||
|
This is the DTCC regulatory change that would essentially kill the supposedly illegal, but well known practice of [naked short selling](https://www.investopedia.com/terms/n/nakedshorting.asp).
|
||||||
|
|
||||||
|
As user Tavurth over on [elitetrader.com](https://www.elitetrader.com/et/threads/dtc-2021-005.357433/) summarized,
|
||||||
|
|
||||||
|
"DTC-2021-005 would mean,
|
||||||
|
|
||||||
|
- Securities can't be "borrowed" more than once
|
||||||
|
|
||||||
|
- Some securities won't be able to be used as collateral
|
||||||
|
|
||||||
|
- Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls."
|
||||||
|
|
||||||
|
This would clearly stop hedge funds from getting into the position of having 140% (or possibly much more) short interest, or in other words, having more shares in circulation than were ever actually released by the company.
|
||||||
|
|
||||||
|
DTC-2021-005 and MOASS
|
||||||
|
|
||||||
|
This ability of market makers (such as Citadel Securities) to generate and lend, and hedge funds to borrow and sell non-existent shares, and the suspected resulting huge number of "fake" shares in circulation, underpins one of the key tenets of the MOASS theory - that hedge funds would be crippled if they were forced out of their short positions, because to do so would require them to buy back all these "fake" shares.
|
||||||
|
|
||||||
|
And if nobody is willing to sell them cheaply, this buying pressure would force the GME share price to rapidly rise to insane heights, indirectly causing a cascading collapse of exposed hedge funds and possibly even other DTCC members. Or beyond.
|
||||||
|
|
||||||
|
The DTCC
|
||||||
|
|
||||||
|
DTC-2021-005 is the final, and likely the key piece of a set of [regulatory changes](https://www.sec.gov/rules/sro/dtc.htm) that have been put in place over the past 3 months. These are an attempt to address the systemic issues stemming from the fallout over the GME saga at the start of the year that triggered the House Financial Services Committee meetings in February and March 2021. ([Aljazeera article](https://www.aljazeera.com/economy/2021/2/18/us-house-committee-to-grill-key-figures-in-gamestop-stock-probe))
|
||||||
|
|
||||||
|
But even though other DTCC changes have been formalized, the DTC-2021-005 regulation which initially appeared with the others, was more recently removed from the DTCC website under the guise of 'cleaning up the final formatting', or words to that effect (ref needed).
|
||||||
|
|
||||||
|
Whether this regulation is, (regardless of its removal and noticeable absence from the DTCC website) actually de facto in force now is debated, but unknown.
|
||||||
|
|
||||||
|
So is it coming back?
|
||||||
|
|
||||||
|
It has now been over a month since its disappearance, and has yet to reappear. I don't think it will, at least not in its [present form](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) (warning, PDF download).
|
||||||
|
|
||||||
|
My reasoning is that that there is very likely extreme pressure from within and without the DTCC to not enact DTC-2021-005. Almost certainly there will be political pressure as well, to the highest levels of US government.
|
||||||
|
|
||||||
|
Naked short selling can be immensely profitable to sellers, and has a core strategic value. As [reported](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) by our honorary ape [Lucy Komisar](https://en.m.wikipedia.org/wiki/Lucy_Komisar) (love ya, baby!), Ken Griffin, CEO of Citadel LLC, one of the largest market makers, said to the House Financial Services Committee in February,
|
||||||
|
|
||||||
|
"Hedge funds have to borrow shares to short sales,", and added,
|
||||||
|
|
||||||
|
"Institutional investors earn substantial returns from lending out shares, 25 or 30 percent."
|
||||||
|
|
||||||
|
Meaning that investors make a LOT of money through the practice of short selling.
|
||||||
|
|
||||||
|
Previous attempts to kill naked short selling
|
||||||
|
|
||||||
|
After the 2008 crash, there was an effort to curtail naked short selling but lobbyists soon quashed that. Again, from Lucy's article:
|
||||||
|
|
||||||
|
"the DTCC had gone to the SEC with a proposed solution to naked short selling ... with the DTCC creating "a centralized database [that] would prevent the same shares from being used for multiple short sales."
|
||||||
|
|
||||||
|
"(they) continued to try to fight naked short selling in the Dodd-Frank debate. But the SEC was dodging the issue, and Dodd's Senate Banking Committee largely ignored it.
|
||||||
|
|
||||||
|
"After the flash crash in May 2010, "... the SEC said it would create a consolidated audit trail (CAT) on trading in stocks and options. ... More than a decade later, CAT doesn't exist."
|
||||||
|
|
||||||
|
So this attempt at stopping naked short selling couldn't overcome lobbyists and the DTCC itself.
|
||||||
|
|
||||||
|
Remember, the DTCC is a private company. It's not part of the government. One of it's roles is to ensure that its members (financial bodies, hedge funds, market makers etc) act in a consistent way, through regulations. But it's self-governing, meaning that it deals with internal matters itself including the enforcement of its own rules.
|
||||||
|
|
||||||
|
Foxes running the hen house, perhaps.
|
||||||
|
|
||||||
|
So no, I don't think it's coming back.
|
||||||
|
|
||||||
|
If the 2008 global financial crisis wasn't big enough to push through changes that would curtail naked short selling in its current form, I don't see the February GameStop "crisis" doing it. I have no doubt the same forces that killed the 2008/2010/2012 efforts are at work to kill off this 2021 DTC-2021-005.
|
||||||
|
|
||||||
|
It's possible and likely that something as significant as a MOASS (which, by the way, has no Wikipedia entry yet. Hint hint) could be the catalyst for such a change, but currently, the main bodies that expect that a MOASS is even possible are Redditors. A growing voice in the world of high finance certainly, but not really in a position currently to push through changes to government.
|
||||||
|
|
||||||
|
(Homer Simpson: "... so far".)
|
||||||
|
|
||||||
|
DTC-2021-005, in its current form, would have a major impact on the profitability of the most powerful forces in Wall Street. Naked short selling is only a part of a far more complex "industrial machine", but a key lubricant in keeping the cogs turning.
|
||||||
|
|
||||||
|
And the people that run this machine are not going to just let some Committee, or the court of public opinion, or even peaceful protests on the streets, turn it off.
|
@ -0,0 +1,33 @@
|
|||||||
|
SR-FICC-2020-804 - Advanced Notice Filing
|
||||||
|
=========================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/k2fa91](https://www.reddit.com/user/k2fa91/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nx1501/srficc2020804_advanced_notice_filing/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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://i.redd.it/2cq9tt7iri471.png)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Relevant comment by [u/laflammaster](https://www.reddit.com/user/laflammaster/)**
|
||||||
|
|
||||||
|
Ooooo Juicy.
|
||||||
|
|
||||||
|
TLDR; Sounds to me like they will modify the determination of risk of an asset portfolio (specifically TBAs) to calculate the margin limits (min margin amount). Specifically, they are raising the risk factor to the financial institutions that contain large concentration of TBAs, and therefore coverage of risk from 97.3% to 98.5% for June 2020. Basically, FICC are preparing for a nice market downfall w.r.t. MBS - CMBS in my opinion - and want to make sure they have enough cash on hand to withstand the defaults.
|
||||||
|
|
||||||
|
MBSD = mortgage backed securities division
|
||||||
|
|
||||||
|
VaR = Value at Risk
|
||||||
|
|
||||||
|
TBA = To be Announced trade for MBS. Basically an IOU on an unknown. Say you come into a convenience store and ask for a chocolate with an agreed to price of $1.39. The vendor picks up a chocolate and gives you a Twix. Therefore they are super risky, especially when the vendor is out of any chocolate that sells for less than $1.40, but must fulfill an obligation against which you both agreed to at a price of $1.39.
|
||||||
|
|
||||||
|
> that current prices may reflect higher mortgage prepayment risk than FICC's margin methodology currently takes into account during periods of extreme market volatility.
|
||||||
|
|
||||||
|
> Thus, to be consistent with its regulatory requirements, FICC must consider potential future exposure, which includes, among other things, losses associated with the liquidation of a defaulted member's portfolio.
|
||||||
|
|
||||||
|
---
|
||||||
|
[SR-FICC-2020-804.pdf](https://github.com/verymeticulous/wikAPEdia/files/6638439/SR-FICC-2020-804.pdf) posted by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)
|
@ -0,0 +1,52 @@
|
|||||||
|
NEW FINRA RULING SR-FINRA-2021-009!!! Link in the comments. This rule specifically talks about the January squeeze and liquidity, and the 2008 crash. Let's get some wrinkled brains to teach us smooth brains what this means!!!!
|
||||||
|
==================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Puzzled-Current-4359](https://www.reddit.com/user/Puzzled-Current-4359/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb3put/new_finra_ruling_srfinra2021009_link_in_the/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[sec.gov/rules/...](https://www.sec.gov/rules/sro/finra/2021/34-91876.pdf)
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Relevant Comments by [u/Criand](https://www.reddit.com/user/Criand/)**
|
||||||
|
|
||||||
|
Loooool
|
||||||
|
|
||||||
|
So they want to put these liquidity tests on a schedule! Like tomorrow's liquidity test but consistently.
|
||||||
|
|
||||||
|
They want to make sure that there are no idiots with dumbass positions (page 4, copied below in a reply to this comment). If there are idiots, then it's margin call city baby.
|
||||||
|
|
||||||
|
This is a huuuuge middle finger to people with big short positions who experience market volatility. They need to calculate a LOT of things in their risk, especially open short positions and stupid derivative transactions.
|
||||||
|
|
||||||
|
This is not necessary for the MOASS. But prevents future ones. GME is that once in a lifetime opportunity!
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
Per Page 4:
|
||||||
|
|
||||||
|
> Members that would be subject to the SLS requirement would provide detailed reporting, using the SLS, as to their:
|
||||||
|
|
||||||
|
> - reverse repurchase and repurchase agreements;
|
||||||
|
|
||||||
|
> - securities borrowed and securities loaned;
|
||||||
|
|
||||||
|
> - non-cash reverse repurchase and securities borrowed transactions;
|
||||||
|
|
||||||
|
> - non-cash repurchase and securities loaned transactions;
|
||||||
|
|
||||||
|
> - bank loan and other committed and uncommitted credit facilities;
|
||||||
|
|
||||||
|
> - total available collateral in the member's custody;
|
||||||
|
|
||||||
|
> - margin and non-purpose loans;
|
||||||
|
|
||||||
|
> - collateral securing margin loans;
|
||||||
|
|
||||||
|
> - deposits at clearing organizations; and
|
||||||
|
|
||||||
|
> - cash and securities received and delivered on derivative transactions not cleared through a central clearing counterparty ("CCP").
|
@ -0,0 +1,40 @@
|
|||||||
|
New SEC ruling: ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICC Recovery Plan and the ICC Wind-Down Plan.
|
||||||
|
========================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/valtani](https://www.reddit.com/user/valtani/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndh8m1/new_sec_ruling_ice_clear_credit_llc_order/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||||
|
|
||||||
|
*Ok, this may be huge or it may mean nothing depending how you interpret the content of this ruling, so I will go ahead and summarize this because I think it's relevant to GME.*
|
||||||
|
|
||||||
|
<https://www.federalregister.gov/documents/2021/05/14/2021-10173/self-regulatory-organizations-ice-clear-credit-llc-order-approving-proposed-rule-change-relating-to>
|
||||||
|
|
||||||
|
This is a 22 page SEC approval of the proposed changes brought up by ICE Clear Credit LCC ("ICC"), a covered clearing agency. So what is a *Covered clearing agency?* It is a registered clearing agency that provides the services of a central counterparty or central securities depository. In order to address counterparty risk, members must provide collateral to ICE Trust [ICE Clear Credit LLC since July 16, 2011] to cover their obligations under cleared CDS (credit derivatives). Members must also make initial and ongoing contributions to a guaranty fund that can be used by ICE Trust in the event of a member default (Forrester et al 2009).
|
||||||
|
|
||||||
|
As published on their website, "*Financial resources held at the clearing house, including margin and clearing member guaranty funds, total more than $33 billion.*
|
||||||
|
|
||||||
|
*ICE Clear Credit's current margin on deposit is $46,399,000,000. In the event of a default, only the margin of the defaulting clearing participant and defaulting customer may be used for default management. In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial res*ources are available to ICE Clear Credit: Minimum Total Assets available $3,213,000,000".
|
||||||
|
|
||||||
|
Back to the SEC approval. ICC was asking the SEC to update and formalize the ICC Recovery Plan and the ICC Wind-Down Plan in case of credit losses, liquidity shortfalls, losses from general business risk, or any other losses in the event that it comes under severe stress. The Recovery Plan discusses the tools that are available to ICC to address a situation where ICC experiences liquidity shortfalls triggered by a default of one or more CPs (Citadel and Co?) and has insufficient liquid resources in the proper currency to meet payments obligations. . The first step of the recover plan starts with the Default Committee, which is responsible for assisting ICC during the execution of certain default management and recovery procedures and convenes upon the declaration of default. They basically meet as soon as s*** hits the fan (in this case, a hedge fund/member gets margin called).
|
||||||
|
|
||||||
|
Their proposed Wind-Down plan provides a plan for orderly wind-down of ICC in the event the actions described in the Recovery Plan fail. If ICC runs out of money, the obligations are transferred to another clearinghouse, or ICC is sold to another entity.
|
||||||
|
|
||||||
|
This is the summary of the 22 page ruling and hopefully others can offer their insights on this.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Relevant comment by [u/Criand](https://www.reddit.com/user/Criand/)**
|
||||||
|
|
||||||
|
Yessir! This is ICC-005 that we've seen in other threads (not to be confused with DTC-005). From my understanding it is already in effect as of Friday, May 14, 11:59PM EST. Literally last minute filing. Copy/pasting from another thread:
|
||||||
|
|
||||||
|
This is basically the DTC-004 equivalent for ICC (another clearing house that handles credit default swaps). This is their unwinding plan in the event of extreme market stress in order to remain afloat by wiping out members with high risk positions.
|
||||||
|
|
||||||
|
Something really cool is they'll not only wipe out members who default on a certain security, they'll wipe out similar positions in that same security of all their other members IF it's high risk/stress to the market. E.g. if a member defaults due to their position in GME, then they'll cascade that to all other members who hold those positions on GME and tell them to get rid of it. This could inevitably lead to more defaulting members.
|
||||||
|
|
||||||
|
They also JUST pushed through ICC-007 which handles haircuts and is going to tighten the noose on members collateral. It's easier for them to have a defaulting member in a stressful market situation if the collateral is poorly backed (cough BBB- grade bonds by citadel for example can't be used). They can also apply higher haircuts based on how risky certain securities are. E.g. if GME is super high risk, they'll need more liquidity.
|
||||||
|
|
||||||
|
So it sounds like ICC is getting ready for member defaults, if they haven't already happened.
|
@ -0,0 +1,35 @@
|
|||||||
|
🚨EUROPOOR! 👀 Here is CARL HAGBERG's advice on HOW TO EXERCISE YOUR RIGHTS TO VOTE! Please do NOT capitulate. Do NOT acquiesce! YOU, Europoor, have a RIGHT. YOU have a VOICE. Follow Carl's ADVICE and heed Carl's words: "VOTES HAVE VALUE!" 🙏 Profit to the People. Power to the Players. 💎✊
|
||||||
|
==================================================================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/StonkU2](https://www.reddit.com/user/StonkU2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc8d2u/europoor_here_is_carl_hagbergs_advice_on_how_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Hi Stonk, I will be happy to respond to your request below;
|
||||||
|
|
||||||
|
> ... for our Euro ape friends, many are still hitting resistance from their brokers on voting - can you provide maybe 5 bullet point steps they can do to maximize their voice and rights? Something I can post that really drives home the concrete measures they can take?
|
||||||
|
|
||||||
|
First. I want to make clear to the Euro apes that Europe is way ahead of the U.S. in many important corporate-governance matters - like Internet data-privacy rules, gender diversity on corporate boards and, especially, on the need to buy-in shares to settle fails to deliver. But yes, when it comes to European, and Asian-country performance too on voting U.S. shares, many of their systems and procedures are highly convoluted, confusing, creaky, leaky and smelly - and often "fail to deliver" the votes in time for Shareholder Meetings. Extra attention to "proxy plumbing" is required - as it is here in the U.S. too.
|
||||||
|
|
||||||
|
Here are my tips to assure that our votes will indeed be recorded at Shareholder Meetings. And please note that many of the tips are equally applicable to U.S. holders who find their votes lost in limbo, whether accidentally or by design:
|
||||||
|
|
||||||
|
* First, make sure that you did indeed own the shares on the "record date" for the Meeting - per the confirm brokers send when you buy shares through them, and which proves you are a share *owner*...
|
||||||
|
|
||||||
|
* If you *are* eligible to vote - and have not received proxy material and a proxy card or "voting instruction form" - call your contact at your bank or broker immediately to demand that these voting materials be sent to you by overnight mail. (Unfortunately, your "contact person" - and his or her contact persons too - whether in Europe or in the U.S. - typically know NOTHING about proxy plumbing - much less who to contact within their company to get the job done. So be prepared to persist - and to "make noise" until your legitimate demands are met. * If you are told that you are ineligible to vote because your shares are in a margin account - as some apes have apparently been told - cancel the margin provision if you can, and demand the voting materials. (You can also move your account to a better-equipped broker or bank, as many apes say they've done, but you'd need to do it before the record date.)
|
||||||
|
|
||||||
|
* I noted that several commenters suggested demanding a stock certificate - which, if you can accomplish this before the record date, would make you a "registered owner" - and *much more likely* to get the voting materials you are entitled to. But, sad to say, in addition to the timing issues, most brokers charge exorbitant fees to send you a stock certificate ($50 to $300 or more) - supposedly to "cover their costs." But this is a highly automated process so their rationale is basically BS - and is designed to literally *lock you in* as a "customer."
|
||||||
|
|
||||||
|
* There IS a way around this too - and a better way - IF you are prepared to persist - and that is to instruct your bank or broker, or custodian to "DWAC" your shares to the transfer agent, which will literally "De-Whack" the barriers to voting. Most brokers will play dumb - and sometimes BE dumb - but this system is widely used by brokers to receive shares that are sold upon the exercise of stock options - so whack away at them until they do as you ask.
|
||||||
|
|
||||||
|
** I tried hard to keep my tips to five, but there is yet another set of proxy plumbing issues that make it well-nigh impossible for many share owners to vote on time; In the U.S. we adopted a "Notice and Access" system that permits issuers to send you a "Notice" about the upcoming Meeting - but which forces YOU to drop what you are doing and go to a website to see the material - and then, typically, to go to another website to vote. So be sure to be on the watch for these "Notices" - and to follow through if you want to vote. Also, there will be information on how to assure that you will always get paper copies of the materials mailed to you if you insist - and as you have the right to do as a share owner.
|
||||||
|
|
||||||
|
Always remember: "VOTES HAVE VALUE".... Carl
|
||||||
|
|
||||||
|
🚨[Words of Action: "That's an injustice in itself, that we're letting hedge fund managers and speculators and gamblers run away with our electoral system, at the expense of our customers and our boosters and the people who keep us alive as a company? So I say ... you got to toughen up. " -Carl Hagberg AMA](https://www.reddit.com/r/Superstonk/comments/nb36ig/thats_an_injustice_in_itself_that_were_letting/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
🚨🚨 [EDIT: Read the Full Transcript and Digest for Carl Hagberg's AMA here!](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf)
|
@ -0,0 +1,145 @@
|
|||||||
|
Elliot Waves and GME, Why I'm Jacked To Infinity With Today's 82 Point Drop 🚀
|
||||||
|
==============================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/possibly6](https://www.reddit.com/user/possibly6/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Sup apes,
|
||||||
|
|
||||||
|
hooooollllyyyy fuck what a day
|
||||||
|
|
||||||
|
Lower your pitchforks please, I know we broke below the "impossible" 219. First of all, this isn't financial advice, I'm quite literally retarded and use crayons to predict where a stock will go.
|
||||||
|
|
||||||
|
Here's yesterday's prediction if you missed it: <https://www.reddit.com/r/Superstonk/comments/nw84nw/elliot_waves_and_gme_why_tomorrow_should_be/>
|
||||||
|
|
||||||
|
Buckle up, this isn't gonna be short, I'm going super in depth for you guys cause I've never been more jacked...
|
||||||
|
|
||||||
|
I'm not gonna lie, the drop caught me off guard a bit, but its because I wasn't looking big enough... Here's a view of my previous charting, where you can visualize the "cycle" waves with the white lines (SS from yesterday as I already drew new waves):
|
||||||
|
|
||||||
|
[previous wave cycle deemed invalid](https://preview.redd.it/nu57b3620i471.png?width=2130&format=png&auto=webp&s=b2d4faafbe982b59a78faca5802787a3dfc3abe9)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
So why am I excited? Originally I was looking at the previous movements as cycle movements, where i thought the move from our low on 3/24 (last earnings) was a 5 wave CYCLE, but todays price action showed be that that whole move to 344 was actually just a wave 1 within that cycle, and today was wave 2..... completed...
|
||||||
|
|
||||||
|
wave 3 is the longest and most explosive wave of the 5, and were about to fucking start it...
|
||||||
|
|
||||||
|
So how do we verify all of this? First of all, really quick, here are basic EW rules (just inserting a screenshot from wikipedia cause It's way better than my explanation)
|
||||||
|
|
||||||
|
[RULES](https://preview.redd.it/yxm65lyh0i471.png?width=2222&format=png&auto=webp&s=884987dc185e8d149c5a10e5af5cccff290c7b8d)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
I want you to look at wave 4 specifically, as this is why I am redrawing. notice how 4 can't retrace into the territory of 1? Well the top of my previous 1 was at 218.93, which is why I said it should theoretically be impossible to break below this. HOWEVER, since we did indeed break below (hit a low of 211), this invalidates that wave structure, forcing me to tHiNk OuTsIdE tHe bOx here...
|
||||||
|
|
||||||
|
Just so you know, the price targets I outlined (to the upside at least) are invalid now, as I had to redraw the cycle set. that being said, the new price targets to the upside are so fucking juicy you might just kiss me...
|
||||||
|
|
||||||
|
|
||||||
|
Also, I'm gonna be referencing the rules of the waves pretty frequently in this post, so feel free to reference the rules above^
|
||||||
|
|
||||||
|
|
||||||
|
Try not to get too jacked, this is just the 3rd cycle wave illustrated, just take a look...
|
||||||
|
|
||||||
|
[you done fucked up kenny g](https://preview.redd.it/79c7helw0i471.png?width=2790&format=png&auto=webp&s=c45f3505b373416fd1992e055b4997f8bfcab086)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
I believe that Gamestop did indeed start their 5m share offering today, or at least some of it, but im not gonna speculate on that, I'm just the waves guy. So how can we confirm that today was a cycle 2? Let's take a look...
|
||||||
|
|
||||||
|
Remember how wave 2 targets 61.8% of the entire wave 1 right? Here are the fib targets from the bottom to the top of my newly drawn cycle 1:
|
||||||
|
|
||||||
|
[for reference, the 61.8 level here is 213.24](https://preview.redd.it/417c93wi2i471.png?width=2794&format=png&auto=webp&s=48a2bb785c13520bf97359d8dd7684b8f97d7d33)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
BAM!!! WAVE 2 CONFIRMED! Now refer back to EW rules, or if you're a good ape and did your homework, you already know that wave 3 can't be the shortest wave, and often is the longest and most powerful of the 5 wave impulse...
|
||||||
|
|
||||||
|
So, assuming that 213 is the bottom of our cycle 2 (pretty confident in this, possible we retrace to 177.51 but super fucking unlikely imo, given the nature of the bounce at 213)
|
||||||
|
|
||||||
|
Okay, so wave 3 can't be the shortest, what happens if it doesn't hit the 1.618:1 target? (in this case it is 586.1)
|
||||||
|
|
||||||
|
It has to hit, at the minimum 1:1 of wave 1. If it doesn't reach this target, the wave is not finished. This means at the very minimum, this cycle 3 should target 442.83.
|
||||||
|
|
||||||
|
[100, 123.6, and 161.8 are initial targets, could go even higher depending on wtf happens](https://preview.redd.it/t86shmnn6i471.png?width=654&format=png&auto=webp&s=13ad3017df11e41b39a1ad5084140e4e8766f0a1)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
Do note though, these are CYCLE targets, I am in no way saying that we will see 442 or 586 tomorrow, BUT these are the bigger targets to watch for as of now. To give more precise targets for the waves within this cycle (intermediate, minor etc) I will need for at least an intermediate "1" to complete, so likely by tomorrow I'll be able to pinpoint more precise intraday/daily/weekly targets for your viewing (and buying) pleasure.
|
||||||
|
|
||||||
|
disregarding EW, another reason why I'm excited about today's drop is a GAP UP from 6/1. If you've been following me for a while, I always point out gaps, and their significance. You can visualize the gap below by the green box.
|
||||||
|
|
||||||
|
[GAP](https://preview.redd.it/bb0kpyqw3i471.png?width=2794&format=png&auto=webp&s=b7367e92992e4f1dbad19092a6f1fe92de6ddd77)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
If you've been following me since march, this is how I was able to predict the 350 to 180 drop, but that was before I knew EW theory. now that this gap is filled (we have one on the daily chart as well that was also filled today, doesn't matter as much as that "gap" only appears on the daily, meaning the price action filled the areas in the after hours/pre market. We can determine this by looking on a 4hr chart. You can compare the daily and the 4hr below:
|
||||||
|
|
||||||
|
|
||||||
|
[daily](https://preview.redd.it/q2bt447d4i471.png?width=2752&format=png&auto=webp&s=805569daf92319355a1190fba0504fe6cda49a3a)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
[4hr](https://preview.redd.it/dwdne3qe4i471.png?width=2800&format=png&auto=webp&s=5eda9a0e497aba537505f5decc7df9d34cba5bba)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
See the difference?
|
||||||
|
|
||||||
|
Anyways, not too significant, just worth noting. In any scenario, a gap fill is a great indicator to switch direction and play the reversal.
|
||||||
|
|
||||||
|
alright, you should be jacked now. Not only do we (appear) to have confirmation of cycle wave 2 completion (61.8% of wave 1), but this newly drawn cycle fits into my super cycle target a lotttttt better...
|
||||||
|
|
||||||
|
for reference, my super cycle is visualized by the yellow lines. Given that this is the beginning of our 3, the price targets seem to line up a lot better with the original super cycle drawing... If anything, the super cycle wave 3 will finish even higher than initially predicted:
|
||||||
|
|
||||||
|
[jacked to da max](https://preview.redd.it/9xbm9nb35i471.png?width=2674&format=png&auto=webp&s=a07e92c36d8cd41568a81da81df48613946ee1b7)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
I dont even really trade technical patterns anymore, but I couldn't ignore this beautiful cup and handle forming...
|
||||||
|
|
||||||
|
[checks out](https://preview.redd.it/hejg8rxc5i471.png?width=640&format=png&auto=webp&s=5bed0a39da33eb7aac0d330d6befd921b757e3cd)
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
|
||||||
|
This lines up with the wave 2 bottom, cup and handle patterns are very bullish, bias confirmed.
|
||||||
|
|
||||||
|
If you want me to update this post tomorrow in real time let me know, I had fun nonetheless, it was cool adapting in real time and reconstructing an analysis. I feel super privileged to be learning this theory on such an erratic situation, and to all the haters, you can't argue with human nature. This shit works.
|
||||||
|
|
||||||
|
Oki I think I'm done. Thanks for trusting me and giving me a platform to try and spread a skill I've been trying to put into action. I'm no expert by any means, to be completely honest I've only been studying this theory for about 3 months, and am nowhere near an expert.
|
||||||
|
|
||||||
|
TLDR: 213 looks like the very bottom, hard to deny that today was a cycle wave 2. It was rough to watch, but when you take a step back and look at where we are, it's really hard not to be bullish. I have trader friends that absolutely hate GME and have zero faith in it, even they said they're buying today...Buckle up my friends, we all know what happened after the last earnings call... to be completely honest, if price action is as similar to march 25 (which mind you was also the bottom of a "2") tomorrow should be face ripping 🚀
|
||||||
|
|
||||||
|
BUY AND HODL!!! I emptied the rest of my ammo in at 238 today and couldn't be more jacked!
|
||||||
|
|
||||||
|
Edit: holy shit I made the front page of all of Reddit... thank you all so much for the love ❤️❤️ to the fucking moon 🚀
|
||||||
|
|
||||||
|
Edit 2: great comment by [u/ricecooker8055BH](https://www.reddit.com/u/ricecooker8055BH/)
|
||||||
|
|
||||||
|
"((1)) Apr13 low 132=>((2))=>((3))=>((4))=>((5)) Jun8 hi 344 ==> MINUTE ((i))
|
||||||
|
|
||||||
|
The drop from Jun8 hi 344 to Jun10 low 211 ==> MINUTE ((i))
|
||||||
|
|
||||||
|
The next wave MINUTE ((iii)) is considerably/extremely bullish.
|
||||||
|
|
||||||
|
Why?
|
||||||
|
|
||||||
|
Elliottician dream is to identify this wave known as THIRD OF THIRD IMPULSIVE RALLY (within MINOR WAVE 3). This is the DEADLY TSUNAMI WAVE that hit Sumatra, Indonesia; Phuket, Thailand in 2004 and Fukushima, Japan 2011. You don't want to go against this KILLER WAVE.
|
||||||
|
|
||||||
|
There will be a lot of ARCHEGOS body bag when this unfold. Really? Based on DD we read, and with the measured objective 555/766/978, I don't know how many HF can survive it if MARGIE CALLING.
|
||||||
|
|
||||||
|
What's gonna trigger it? Probably SEC, DTC I don't know.
|
||||||
|
|
||||||
|
I know it's confusing...LONG STORY SHORT...this is fking BUUUUULLISH! BUY&HOLD 💎🙌🏻🦍💪🏻
|
||||||
|
|
||||||
|
🚀🚀🚀🚀🚀🚀🚀🚀🚀"
|
@ -0,0 +1,35 @@
|
|||||||
|
$GME closed the 3rd highest it has ever been today...
|
||||||
|
=====================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Glnnnnnnn](https://www.reddit.com/user/Glnnnnnnn/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nurcke/gme_closed_the_3rd_highest_it_has_ever_been_today/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Let that sink in...
|
||||||
|
|
||||||
|
1/27/21\
|
||||||
|
$347.51 Close Price\
|
||||||
|
~93.3 million volume
|
||||||
|
|
||||||
|
1/29/21\
|
||||||
|
$325.00 Close Price\
|
||||||
|
~50.5 million volume
|
||||||
|
|
||||||
|
(edit: ty [u/flori4ika](https://www.reddit.com/u/flori4ika/))\
|
||||||
|
6/2/21\
|
||||||
|
$282.24 Close Price\
|
||||||
|
~16 million volume
|
||||||
|
|
||||||
|
6/7/21\
|
||||||
|
$280.01 Close Price\
|
||||||
|
~5.8 million volume
|
||||||
|
|
||||||
|
Just imagine what the price will be once the rocket takes off and volume actually increases...
|
||||||
|
|
||||||
|
Edit: I've never actually posted on Reddit before so my formatting game is weak, but pulled this data from <https://finance.yahoo.com/quote/GME/history/>
|
||||||
|
|
||||||
|
Edit2: thanks to [u/flori4ika](https://www.reddit.com/u/flori4ika/) for keeping me honest here. 6/2 closed at $282.24. good catch! so today's close is actually the 4th highest. Still super crazy considering the low volume.
|
@ -0,0 +1,13 @@
|
|||||||
|
I made a timeline for our adventure🚀🚀
|
||||||
|
=======================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Incredble8](https://www.reddit.com/user/Incredble8/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6w7iy/i_made_a_timeline_for_our_adventure/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/19w7ctranox61.png)
|
@ -0,0 +1,13 @@
|
|||||||
|
🚀🚀 GME SAGA Timeline Update 05-13 🚀🚀
|
||||||
|
========================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Incredble8](https://www.reddit.com/user/Incredble8/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbcpij/gme_saga_timeline_update_0513/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/f8luikt4xuy61.png)
|
@ -0,0 +1,13 @@
|
|||||||
|
🚀🚀GME SAGA Timeline Update 05-24 🚀🚀
|
||||||
|
=======================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Incredble8](https://www.reddit.com/user/Incredble8/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njtzht/gme_saga_timeline_update_0524/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
|
||||||
|
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://i.redd.it/35gr70fie1171.png)
|
Reference in New Issue
Block a user