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@ -0,0 +1,69 @@
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Dispelling & Denouncing Wardens Fud | Market, Limit, Stop Orders
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================================================================
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||||||
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||||||
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| Author | Source |
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||||||
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| :-------------: |:-------------:|
|
||||||
|
| [u/jsmar18](https://www.reddit.com/user/jsmar18/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/) |
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||||||
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||||||
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---
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||||||
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||||||
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[🚀 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)
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Well, that happened quickly.
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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.
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Let's clarify the largest thing that many picked up and noted in his most recent post.
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Stop Order
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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.
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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.
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Limit Order
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The largest negative about limit orders, add liquidity orders among others is execution risk. He mentions this and it's not wrong.
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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.
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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.
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Market Order
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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.
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Conclusion
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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.
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Don't use stop orders.
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Not financial advice.
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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.
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||||||
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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.
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||||||
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Round Two
|
||||||
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||||||
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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.
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||||||
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Stop-Limit Orders
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||||||
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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).
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||||||
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||||||
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Better to explain stop-limit through an example:
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||||||
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> <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.
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||||||
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||||||
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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.
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||||||
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||||||
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Also, develop that wrinkle further with some [more reading](https://www.investopedia.com/terms/s/stop-limitorder.asp).
|
||||||
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||||||
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Brokers
|
||||||
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||||||
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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.
|
||||||
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||||||
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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.
|
@ -0,0 +1,470 @@
|
|||||||
|
I. IMPORTANT LINKS FOR NEW MEMBERS TO [r/superstonk](https://old.reddit.com/r/superstonk)
|
||||||
|
=========================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/HCMF_MaceFace](https://old.reddit.com/user/HCMF_MaceFace) | [Reddit](https://old.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
- [APE Security Protocol (how to secure and protect yourself online)](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/)
|
||||||
|
- [DD Beginners Guide Page](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share)
|
||||||
|
- [Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
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||||||
|
II. INTRO / INTENTION OF POST
|
||||||
|
=============================
|
||||||
|
|
||||||
|
The core intention of this post was to frame the MOASS Thesis in a way that was understandable to individuals inside and outside of the community (especially those who are relatively new to the market). It also is intended to serve as a reference to leverage if you are ever trying to explain to someone why you think it is a good investment option.
|
||||||
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||||||
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This post will give a *relatively* simplistic breakdown of the current situation and landscape of GameStop Stock (GME). It will summarize the theory that GME's price will soon reach astronomical levels during a massive short squeeze, AKA "The Mother of all Short Squeezes (MOASS) Thesis". The bulk of this post is a breakdown of the market terms and concepts that will need to be understood in order to fully comprehend the who-what-when-where-why-how.
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||||||
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||||||
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III. Personal note
|
||||||
|
==================
|
||||||
|
|
||||||
|
Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc.
|
||||||
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||||||
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Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well
|
||||||
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||||||
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> Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post)
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||||||
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I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below:
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||||||
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||||||
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- Antagonizing Market Adversaries, MSM Shills, etc.
|
||||||
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- Meme-ing with SuperStonk and the other Apes in the community
|
||||||
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- Getting Notifications for Future DD I post
|
||||||
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||||||
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Disclaimer
|
||||||
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||||||
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> This writeup is NOT intended to serve as a source of proof/evidence behind this theory, and it operates under the assumption that the theory is valid and that the conditions it is built on are valid. Credit for the DD this Thesis is based on belongs to the broader retail community inside and outside of [r/superstonk](https://old.reddit.com/r/superstonk). I personally contributed very little beyond synthesizing and summarizing the thesis and mechanics in a digestible way to help enable others to get the word out, and I am not an expert on really any of these topics despite having some knowledge in them.
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IV. TL;DR (Also at Bottom)
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||||||
|
==========================
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||||||
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||||||
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1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp)
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2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely
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3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting)
|
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4. The SEC is also doing more to enforce compliance with the "rules"
|
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5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences
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6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week
|
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7. Eventually, the prices of GME will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default
|
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8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)
|
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9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout)
|
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||||||
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V. KEY CONCEPTS
|
||||||
|
===============
|
||||||
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|
||||||
|
These terms are key to understanding the theory and speculated value of a GME investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME.
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Table of Contents for Key Concepts
|
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1. Stocks Concepts
|
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1. Share/Stock
|
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2. Synthetic Shares
|
||||||
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3. Outstanding Shares
|
||||||
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4. Restricted Shares
|
||||||
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5. The Float
|
||||||
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6. Annual General Meeting
|
||||||
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7. Shareholder Votes
|
||||||
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2. Trade Positions
|
||||||
|
1. Long Position - Buying/Selling Stock
|
||||||
|
2. Short Position - Shorting/Covering Stock
|
||||||
|
3. Naked Short Position - Naked Shorting/Covering Stock
|
||||||
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3. Market Participants
|
||||||
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1. Retail Investors
|
||||||
|
2. Institutional Investors
|
||||||
|
3. Market Makers
|
||||||
|
4. Prime Brokers
|
||||||
|
5. Clearinghouses
|
||||||
|
6. MSM
|
||||||
|
4. IMPORTANT MARKET/TRADE MECHANICS (MOASS)
|
||||||
|
1. Fails to Deliver (FTD)
|
||||||
|
2. Margin
|
||||||
|
3. Margin Calls
|
||||||
|
4. Margin Calls Who Calls Who
|
||||||
|
5. Short Squeeze
|
||||||
|
|
||||||
|
1 - STOCKS CONCEPTS
|
||||||
|
===================
|
||||||
|
|
||||||
|
1.1 - Shares/Stock
|
||||||
|
------------------
|
||||||
|
|
||||||
|
[Shares](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#shares) are the smallest unit of a Companies [Stock](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#stocks)
|
||||||
|
|
||||||
|
- Stocks and Shares are often used interchangeably
|
||||||
|
- Technically "shares" would represent how many of a specific company's stock, where buying multiple "stocks" would main that shares of multiple company's were bought
|
||||||
|
- ex. I bought 2 stocks; 10 shares of GME, and 60 shares of AMC
|
||||||
|
- There are different [classes of shares](https://www.investopedia.com/terms/c/class.asp) that are distinguished on their voting rights, sales charges, and other factors
|
||||||
|
- Classes of shares have relatively complex dynamics, but I will not go further into them here, as it is not as relevant to GME/AMC
|
||||||
|
|
||||||
|
1\. 2 - Synthetic Shares
|
||||||
|
------------------------
|
||||||
|
|
||||||
|
[Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp)
|
||||||
|
|
||||||
|
- Not to be confused with [synthetic options](https://www.investopedia.com/articles/optioninvestor/08/synthetic-options.asp) positions, which are legal/legitimate trade strategies that "simulate" the profits/losses as if the trader actually held those shares
|
||||||
|
- Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share
|
||||||
|
- Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated
|
||||||
|
- Cannot be easily measured due to limited public transparency at the Market Maker and Prime Broker level
|
||||||
|
|
||||||
|
1.3 - Outstanding Shares
|
||||||
|
------------------------
|
||||||
|
|
||||||
|
The number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) encompasses the amount of issued shares held by all shareholders (both private and public)
|
||||||
|
|
||||||
|
- It is possible for there to be more shares outstanding through Naked shorting, which produces Synthetic shares
|
||||||
|
- The number of issued AND synthetic shares outstanding is very difficult to measure, as they are only recorded on the books of the market makers generating synthetic shares and the prime-brokers they trade through
|
||||||
|
- These parties are not incentivized to be transparent and actively obscure these numbers, as the practice of naked shorting excessively is fraudulent and illegal
|
||||||
|
|
||||||
|
1.4 - Restricted Shares
|
||||||
|
-----------------------
|
||||||
|
|
||||||
|
[Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) include the number of issued shares held by insiders of the company
|
||||||
|
|
||||||
|
- These shares are not publicly traded on the stock market
|
||||||
|
|
||||||
|
1.5 - The Float
|
||||||
|
---------------
|
||||||
|
|
||||||
|
[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders).
|
||||||
|
|
||||||
|
- In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) should not exceed the float
|
||||||
|
- GME's float total is currently ~[56.89 Million](https://finance.yahoo.com/quote/GME/key-statistics/) shares (as of 6/10/21)
|
||||||
|
|
||||||
|
1.6 - Shareholder Votes
|
||||||
|
-----------------------
|
||||||
|
|
||||||
|
[Annual General Meetings](https://www.investopedia.com/terms/a/agm.asp) basically is an annual meeting that allows shareholders to vote
|
||||||
|
|
||||||
|
- Votes are cast for things like
|
||||||
|
- Appointment of directors
|
||||||
|
- Executive compensation
|
||||||
|
- Dividend adjustments
|
||||||
|
|
||||||
|
1.7 - Shareholder Votes
|
||||||
|
=======================
|
||||||
|
|
||||||
|
[Shareholder Voting](https://www.investopedia.com/terms/v/votingright.asp) is a right extended to shareholders holding shares in the stock that entitle the owner to vote on cooperate policies
|
||||||
|
|
||||||
|
- Examples of what votes are cast for
|
||||||
|
- Appointment of directors
|
||||||
|
- Executive compensation
|
||||||
|
- Dividend adjustments
|
||||||
|
- [Overvoting (info in the middle of this page)](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm)
|
||||||
|
- When there is an overvote (like GME on 6/9), the votes will be normalized to a number based on the amount of shares that are held by DTC
|
||||||
|
- The official 8K form cannot be officially submitted with an overvote
|
||||||
|
- When this happens, the SEC and Company are notified
|
||||||
|
|
||||||
|
2 - TRADE POSITIONS
|
||||||
|
===================
|
||||||
|
|
||||||
|
2.1 - Long Position - Buying/Selling Stock
|
||||||
|
------------------------------------------
|
||||||
|
|
||||||
|
When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it (this is the type of position most people associate with trading stocks)
|
||||||
|
|
||||||
|
- Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment
|
||||||
|
- In other words, holders of long positions have a positive number of shares
|
||||||
|
- To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market
|
||||||
|
|
||||||
|
Basic flow of obtaining/closing a long position is:
|
||||||
|
|
||||||
|
1. Buy the stock
|
||||||
|
2. Hold it until the price of it increases to a desired amount
|
||||||
|
3. Sell it for a profit
|
||||||
|
|
||||||
|
2.2 - Short Position - Shorting/Covering Stock
|
||||||
|
----------------------------------------------
|
||||||
|
|
||||||
|
When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock, or owe the party they borrowed from however many shares they shorted
|
||||||
|
|
||||||
|
- Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment
|
||||||
|
- Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered *negative* on the stock
|
||||||
|
- To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp))
|
||||||
|
- Short positions must be reported to regulators (unlike naked short sales)
|
||||||
|
|
||||||
|
Basic flow of obtaining/closing a short position:
|
||||||
|
|
||||||
|
1. Borrow a share owned by a lender
|
||||||
|
2. Sell the stock that was borrowed
|
||||||
|
3. Gaining the cash based on the price it was at the time it was "shorted"
|
||||||
|
4. Pay interest as a percentage of the stock's value
|
||||||
|
5. Since this is a percentage the cost of interest increases if the stock's value increases
|
||||||
|
6. Hold the position until the price has dropped to a desired price
|
||||||
|
7. Buy the stock on the open market
|
||||||
|
8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference
|
||||||
|
9. Return the share back to the lender
|
||||||
|
|
||||||
|
2.3 - Naked Short Position - Naked Shorting/Covering Stock
|
||||||
|
----------------------------------------------------------
|
||||||
|
|
||||||
|
[Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) effectively allows a Short Seller, working with a market maker, to short a stock using a without having a borrowed share like normal short selling
|
||||||
|
|
||||||
|
- Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden"
|
||||||
|
- Failures to Deliver the shares that were "fake-borrowed" to the buyer are on of the main ways to find evidence of naked shorting
|
||||||
|
- Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks
|
||||||
|
- This type of trade illegal outside of specific situations involving Market Makers
|
||||||
|
- Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market
|
||||||
|
|
||||||
|
Basic flow of obtaining/closing a naked short position (kind of complex and involves two specific parties for 2 initial trades called a married put)
|
||||||
|
|
||||||
|
1. A Short Seller "A" buys 100 shares from a Market Maker "Z" who can technically sell them without locating them
|
||||||
|
1. Market Maker is Naked Shorting the stock, and the Short Seller is receiving 100 synthetic shares
|
||||||
|
2. Short Seller "A" now buys a [Put Option](https://www.investopedia.com/terms/p/putoption.asp) (1 options contract is worth 100 shares) from Market Maker "Z" who is the [writer](https://www.investopedia.com/terms/w/writing-an-option.asp) of the put
|
||||||
|
1. Writing/selling a put nets +100 shares to the Market Maker, which results in the -100 shares that were naked shorted to be neutralized, so the Market Maker no is at a neutral position (Market Makers generally try to remain net 0 on trades
|
||||||
|
2. Short Seller "A" now has 100 shares that can be short sold (they "borrowing" the synthetic shares the Market Maker effectively printed out of thin air), and one put contract that they can make money on as long as the price goes down
|
||||||
|
3. The steps or the short seller are basically the same as a normal short sale now (2.2 steps 2-8), however, interest from the Short seller does not need to be paid to a lender (no one is formally lending it)
|
||||||
|
1. The premium from the put being purchased from the Market Maker is how they benefit
|
||||||
|
2. Short Seller "A" now has a short position that they can cover simply by buying 100 shares, which would cancel out the synthetic short position
|
||||||
|
|
||||||
|
3 - MARKET PARTICIPANTS
|
||||||
|
=======================
|
||||||
|
|
||||||
|
3.1 - Retail Investors
|
||||||
|
----------------------
|
||||||
|
|
||||||
|
- Retail Investors, also known as individual investors, are your average investors (not a company or organization)
|
||||||
|
- Referred to as the "Dumb Money" by Wall Street and the "professional" financial community
|
||||||
|
- Reddit communities
|
||||||
|
- Notable subreddits
|
||||||
|
- [r/Superstonk](https://old.reddit.com/r/Superstonk)
|
||||||
|
- [r/gme](https://old.reddit.com/r/gme)
|
||||||
|
- [r/amcstock](https://old.reddit.com/r/amcstock)
|
||||||
|
- [r/wallstreetbets](https://old.reddit.com/r/wallstreetbets)
|
||||||
|
|
||||||
|
3.2 - Institutional Investors
|
||||||
|
-----------------------------
|
||||||
|
|
||||||
|
[Institutional Investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) are organizations that invest on individuals' behalf
|
||||||
|
|
||||||
|
- Examples of Institutional Investors
|
||||||
|
- Endowment Funds
|
||||||
|
- Commercial Banks
|
||||||
|
- Mutual Funds
|
||||||
|
- Hedge funds
|
||||||
|
- Pension funds
|
||||||
|
- Insurance companies
|
||||||
|
|
||||||
|
3.3 - Market Makers
|
||||||
|
-------------------
|
||||||
|
|
||||||
|
- [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market
|
||||||
|
- When you buy and sell stock those trades are often going between you and a market maker
|
||||||
|
- Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity
|
||||||
|
- Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have
|
||||||
|
|
||||||
|
3.4 - Prime Brokers
|
||||||
|
-------------------
|
||||||
|
|
||||||
|
- A [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp)
|
||||||
|
- [Broker](https://www.investopedia.com/terms/b/broker.asp) vs [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp)
|
||||||
|
- A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions.
|
||||||
|
- [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) like go through Prime Brokers
|
||||||
|
- The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital
|
||||||
|
|
||||||
|
3.5 - Clearinghouses
|
||||||
|
====================
|
||||||
|
|
||||||
|
[Clearinghouses](https://www.investopedia.com/terms/c/clearinghouse.asp) are intermediaries between buyers and sellers
|
||||||
|
|
||||||
|
- Finalize transactions
|
||||||
|
- Regulates delivery of assets
|
||||||
|
- Reports on trading data
|
||||||
|
|
||||||
|
3.6* - MSM (Mainstream Media)
|
||||||
|
=============================
|
||||||
|
|
||||||
|
Though not a traditional market participant (as in they are not trade/financial entities) the [MSM](https://www.investopedia.com/terms/m/media_effect.asp) is worth noting due to its role in influencing the financial atmosphere and landscape
|
||||||
|
|
||||||
|
4 - IMPORTANT MARKET/TRADE MECHANICS (MOASS)
|
||||||
|
============================================
|
||||||
|
|
||||||
|
4.1 - Failures to Deliver (FTD)
|
||||||
|
-------------------------------
|
||||||
|
|
||||||
|
- [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, when a short seller does not own the stock at the time of settlement
|
||||||
|
- FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this
|
||||||
|
- Spoiler: GME and AMC have tons of FTDs reported
|
||||||
|
|
||||||
|
4.2 - Margin
|
||||||
|
------------
|
||||||
|
|
||||||
|
- [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock
|
||||||
|
- When you buy on margin you must stake the assets you have already purchased with your own cash as collateral
|
||||||
|
- The amount of Margin you can have depends on the value of your collateral
|
||||||
|
- The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin
|
||||||
|
- Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it:
|
||||||
|
|
||||||
|
1. Imagine I have $1,000 in stock
|
||||||
|
2. You obtain a personal loan for another $1000
|
||||||
|
3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt)
|
||||||
|
4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin)
|
||||||
|
5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting
|
||||||
|
6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back)
|
||||||
|
|
||||||
|
4.3 - Margin Call
|
||||||
|
-----------------
|
||||||
|
|
||||||
|
- A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed
|
||||||
|
|
||||||
|
Margin Examples:
|
||||||
|
|
||||||
|
> This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin).
|
||||||
|
>
|
||||||
|
> This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call.
|
||||||
|
|
||||||
|
GAIN: Long Positions
|
||||||
|
|
||||||
|
1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each)
|
||||||
|
2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement)
|
||||||
|
3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece
|
||||||
|
4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares)
|
||||||
|
1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position
|
||||||
|
2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest.
|
||||||
|
5. Yay.
|
||||||
|
|
||||||
|
LOSS: Long Positions
|
||||||
|
|
||||||
|
1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each)
|
||||||
|
2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement)
|
||||||
|
3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece
|
||||||
|
4. If the price of stock XXX goes down %25, bringing the value per share down to $75 a share, the value of my total position is now $1500, and the value of my non-margin assets is $750, which is below the margin requirement (keep in mind, I borrowed $1000, so that is still the amount I have to pay back)
|
||||||
|
5. My lender will give me a margin call, indicating I have two business days to deposit 50$ into my account in order to meet the margin requirement
|
||||||
|
1. If I have the cash to deposit the extra $50 would take my assets to $800 ($750 in stock XXX + 50$ cash)
|
||||||
|
1. If the price of stock XXX recovered to above $80 per share, it could also satisfy the requirement
|
||||||
|
2. If I do not have the cash to deposit, then I am in trouble, as after two days, they are allowed to liquidate (sell) the assets I bought with my own money, as well as the assets I bought on margin
|
||||||
|
1. Let's say this happens, all my borrowed assets are sold first to cover my $1000 loan (since the price of stock XXX was only $750, it only covers $750 of my $1000 margin line
|
||||||
|
2. I now have $750 left in assets of Stock X, but I still owe money from margin, so my lender is entitled to sell $250 work of my shares in order to get their full $1000 back
|
||||||
|
3. I am now left with $500 total ($750 in 10 shares of stock XXX - $250)
|
||||||
|
6. Not Yay
|
||||||
|
|
||||||
|
LOSS: Short and Long Positions
|
||||||
|
|
||||||
|
THIS IS THE RELEVANT ONE TO GME/AMC
|
||||||
|
|
||||||
|
1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each)
|
||||||
|
2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin
|
||||||
|
3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X
|
||||||
|
1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000
|
||||||
|
2. No margin is actively committed to open positions, and I am still using my $1000
|
||||||
|
4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share
|
||||||
|
1. My short position is now -$2000 (10 shares of -$200 each)
|
||||||
|
5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call
|
||||||
|
6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt
|
||||||
|
1. I have now defaulted, as I cannot pay the $500
|
||||||
|
7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left
|
||||||
|
1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed)
|
||||||
|
8. GUH! (Translation if you are not WSB: Ah @#$%)
|
||||||
|
|
||||||
|
4.4 - Margin Calls Who Calls Who
|
||||||
|
--------------------------------
|
||||||
|
|
||||||
|
- Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements
|
||||||
|
- Broker Margin Calls Retail Traders
|
||||||
|
- Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers
|
||||||
|
- The NSCC Margin Calls Prime Brokers
|
||||||
|
- Defaults roll up left to right
|
||||||
|
- If Retail Trader defaults, Broker must take on their leftover positions
|
||||||
|
- If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions
|
||||||
|
- If Prime Broker Defaults, the NSCC must take on Position
|
||||||
|
- If the NSCC Defaults, the Fed must take on the position
|
||||||
|
|
||||||
|
| Level 1 | Level 2 | Level 3 | Level 4 | Level 4 |
|
||||||
|
| :-- | :-- | :-- | :-- | :-- |
|
||||||
|
| Retail Trader | Broker | Prime Broker | NSCC (DTCC) | Fed (JPOW) |
|
||||||
|
| x | Market Maker | Prime Broker | NSCC (DTCC) | Fed (JPOW) |
|
||||||
|
| x | Hedge Fund | Prime Broker | NSCC (DTCC) | Fed (JPOW) |
|
||||||
|
|
||||||
|
4.5 - Short Squeeze
|
||||||
|
-------------------
|
||||||
|
|
||||||
|
- A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst
|
||||||
|
- During the short squeeze, the losses of those who have short positions continue to increase higher it goes
|
||||||
|
- Since they owe shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go)
|
||||||
|
- As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly
|
||||||
|
- While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit
|
||||||
|
- Again, lowering supply and increasing demand
|
||||||
|
|
||||||
|
VI. The Mother of All Short Squeezes (MOASS)
|
||||||
|
============================================
|
||||||
|
|
||||||
|
Explanation
|
||||||
|
===========
|
||||||
|
|
||||||
|
Now that we have gone through the many important terms, we can get to the theory behind MOASS.
|
||||||
|
|
||||||
|
Due excessive short-selling and naked shorting of GME by certain market participants (primarily large hedge funds and market makers), retail investors and long institutional investors collectively own a number of shares that exceeds the the float. The amount of shares that are currently owned is theorized to range roughly between 200%-400% of the float if not more, meaning that 100%-300% of the float has a corresponding short position (mostly naked shorts). For context, most stocks generally have around 1% Short Interest, and 10%-20% short interest is considered to be excessive, let alone over 100% of it.
|
||||||
|
|
||||||
|
Short sellers must eventually close, or cover, their short position
|
||||||
|
|
||||||
|
- The only way to do that is to buy the shares owned by the investors who are long
|
||||||
|
- in the meantime Short-sellers are paying interest on that short position until it is closed proportional to the cost of the shares, which bleeds their capital over time
|
||||||
|
- Unfortunately for the short sellers, the owners of the shares ARE NOT obligated to sell their shares.
|
||||||
|
- The short-sellers, however, ARE obligated to buy in order to close their position (or else keep paying interest)
|
||||||
|
|
||||||
|
So what happens if no one is selling the shares they are "long" on, but short sellers need to buy them?
|
||||||
|
|
||||||
|
- Supply and Demand
|
||||||
|
- With very little supply and high demand, the price of a stock can increase far beyond its fundamental value
|
||||||
|
- If short sellers receive a margin call due to no longer meeting their margin requirement and are unable to meet it in time, their assets will be forcibly liquidated by their lender in order to pay back the margin, as well as close out the position if the borrower defaults
|
||||||
|
|
||||||
|
If you are wondering why an organization would abusively short a stock like this if they eventually have to cover their positions:
|
||||||
|
|
||||||
|
- If a company goes bankrupt or gets delisted from the stock market:
|
||||||
|
- The short sellers DO NOT have to close the position
|
||||||
|
- All of the proceeds from the short sale effectively disappear from their books
|
||||||
|
- They do not even have to pay taxes on this profit
|
||||||
|
|
||||||
|
Short positions amount to the total number of long positions minus the float, meaning (based on the theorized range) that somewhere between ~56-170 Million shares will need to be bought in order to close all short positions
|
||||||
|
|
||||||
|
- It is expected that the members with short positions (hedge funds and market makers who have been naked shorting the stock) will be unable to cover their short positions, resulting in a situation where their lenders, all the way up to the clearinghouse (DTCC) will have to sort out the positions
|
||||||
|
- If the DTCC/NSCC is forced to unwind the positions, it is widely believed that they will rapidly cover short positions at whatever price they are available for (this is how their systems are said to handle a member default), liquidating whatever assets are necessary from the defaulting member
|
||||||
|
|
||||||
|
Consideration
|
||||||
|
=============
|
||||||
|
|
||||||
|
This is a totally unprecedented situation, so, in truth, there is a lot of uncertainty around what wind-down will look like once this gets to the Prime Brokers (major banks) and NSCC, as well as around how high the price peak will reach. There is a real risk of broad negative impact across the entire market because of this and the current Repo Rates and margin debt.
|
||||||
|
|
||||||
|
A few things I think are safe to assume are:
|
||||||
|
|
||||||
|
- Before anything happens that will cap or negatively affect the MOASS, all of the Hedge Funds and Market Makers who conspired to manipulate the market will likely have been bankrupted and eliminated from the market landscape by then
|
||||||
|
- Prime Brokers will have been dealt a massive blow (like Credit Suisse after Archegos Collapse by way worse) that should hopefully ensure regulators tie up every loophole that was exploited to manipulate the market and harm it
|
||||||
|
- The peak will reach higher than any other short squeeze in history and will likely never be beaten in the future (EVER)
|
||||||
|
|
||||||
|
VII. Final thoughts...
|
||||||
|
======================
|
||||||
|
|
||||||
|
This is the GME MOASS thesis. GME is a stock that stands to hit an unprecedented price point due to the fact that manipulators of the market have failed to bankrupt GameStop thanks in huge part to [the Legendary Keith Gill AKA u/DeepFuckingValue](https://en.wikipedia.org/wiki/Keith_Gill), [Ryan Cohen](https://en.wikipedia.org/wiki/Ryan_Cohen), [Michael Burry](https://en.wikipedia.org/wiki/Michael_Burry), and all of the GME investors who took part in this saga. It may not be today, this week, or even this month, but one day soon, these toxic participants have no choice but to buy the stock to close out their short positions.
|
||||||
|
|
||||||
|
In some schools of thought, it is thought that these participants over-estimated how "reasonable" retail investors can be (who could be dumb enough to hold a stock as it fell from almost $500 to $40?). In truth, these manipulators didn't understand the demographic they were fighting with. Gamers are some of the most stubborn people on the planet. These are individuals who will sink tens of thousands of hours into the same video game because "they just like it". Well, "we like the stock", and to us, the adversaries on Wall Street just are just another "boss". We may have needed to retry a couple times, but we always win eventually. On top of that, they pissed off reddit, and under no circumstances, should you ever piss off reddit.
|
||||||
|
|
||||||
|
At this point, if you are still reading this, know that it is up to you to decide your next move, whether that is to do some due diligence of your own, walk away, or say screw it and buy a few (or a lot of) shares just in case we are right. Many of us have set our floor (minimum amount of acceptable gains) at $20,000,000 per share, and you might think that is crazy, but in truth, we know we can pick our own price if we hold long enough. We don't care if anyone else buys or not, because we know the outcome is inevitable. Time is running out for the toxic market participants involved, and even the news can't hide that we are on the brink of a massive market event that will ripple through the entire global financial system, and we will probably never see an event like this again in our lifetime.
|
||||||
|
|
||||||
|
This is a fight Wall Street, Shitadel, Melvin Capital, and ever other toxic party is not going to win against the "dumb money". Chances are this will truly be "THE MOASS", meaning there will never be another like it in our lifetime (or ever). While the conditions in play (the ability for big money to brutally manipulate the market) enabled what may end up being the greatest transfer of wealth in history, actual reformation to prevent a landscape like this from forming again is probably best long term (I say this as a pragmatist, and am honestly very far from an idealist). If you want to influence reform, Buy, Hold, Vote. If you are just here for the tendies, Buy, Hold, Vote.
|
||||||
|
|
||||||
|
VIII. TL;DR
|
||||||
|
===========
|
||||||
|
|
||||||
|
1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp)
|
||||||
|
2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely
|
||||||
|
3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting)
|
||||||
|
4. The SEC is also doing more to enforce compliance with the "rules"
|
||||||
|
5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences
|
||||||
|
6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week
|
||||||
|
7. Eventually, the prices of GME will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default
|
||||||
|
8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)
|
||||||
|
9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout)
|
||||||
|
|
||||||
|
IX. STILL TL;DR
|
||||||
|
===============
|
||||||
|
|
||||||
|
Margin Calls happen across the market and force all market participants with short positions in GME to cover or go bankrupt if they cannot afford to. The NSCC's systems that will settle positions after mass defaults liquidates all short hedge funds and covers as much GME as it can. If the NSCC cannot pay everything, it fails up to the Fed and JPOW to print money to settle the trades.
|
||||||
|
|
||||||
|
X. Hedgies, velkommen til helvete. Vi kommer for tårene dine.
|
||||||
|
=============================================================
|
||||||
|
|
||||||
|
PDF Link - I recommend accessing through an incognito browser so that no one else is able to see your email address if you are logged into google (I initially had this on OneDrive, which did not do this, however, shills seem to have gotten my Microsoft account blacklisted so I cannot access OneDrive now lol):
|
||||||
|
|
||||||
|
<https://drive.google.com/file/d/18SDUrEd-wNjKDwblo3ykoIxn627Vni0G/view?usp=sharing>
|
||||||
|
|
||||||
|
EDIT: updated on 6/13/2021 to version 2.0 (kept the same post since it is referenced in a few places).
|
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."
|
||||||
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|
||||||
|
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....
|
||||||
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|
||||||
|
"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....
|
||||||
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|
||||||
|
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?"
|
||||||
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|
||||||
|
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."
|
||||||
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|
||||||
|
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...
|
||||||
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|
||||||
|
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 +1,196 @@
|
|||||||
|
Let's Talk Dates....the Last Few Weeks of June Are Turning Me On......I Know We Don't do Dates But Here Are Some Dates.....and End Game Predictions
|
||||||
|
===========================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Ginger_Libra](https://www.reddit.com/user/Ginger_Libra/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxu1ck/lets_talk_datesthe_last_few_weeks_of_june_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)
|
||||||
|
|
||||||
|
Apes, you ever held something for 6 months and wake up one day fucking sick and tired of Games Kenny plays? That was me on Wednesday. For the love of Harambe, I've had enough of the corruption.
|
||||||
|
|
||||||
|
Well, strap in. I'm jacked to my tits and I've got some dates for you.
|
||||||
|
|
||||||
|
Saturday June 12th-Tuesday June 15th- [E3, biggest gaming industry event usually with lots of good news and announcements. PC Mag has the deets for you.](https://www.pcgamer.com/e3-2021-schedule-dates-lineup/) Thanks to several Gamer Apes in the comments.
|
||||||
|
|
||||||
|
Rumor: managers at GameStop have been told to expect something big the 15th to coincide with E3 but haven't been told what. See comments.
|
||||||
|
|
||||||
|
Monday June 14th- Small T+21 FTD date from May 21 (according to some monkeys on Discord. Correct if wrong. It's not big volume).
|
||||||
|
|
||||||
|
Am leaving this so you can keep an eye on it but [u/criand](https://www.reddit.com/u/criand/) may have disapproved his own FTD theory for the new, sexy, holy fuck net capital theory. [And holy fuck, I am jacked. Go read it.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
Tuesday June 15th- [Emergency Meeting at the Fed](https://www.reddit.com/r/Superstonk/comments/nxnyxf/emergency_fed_meeting_called_for_tuesday_june_15/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb) credit to Smart Ape [u/TreeSquid007](https://www.reddit.com/u/TreeSquid007/) for reading good.
|
||||||
|
|
||||||
|
*Wut doing JPow?*
|
||||||
|
|
||||||
|
Edit: apes in the comments say this is a normally scheduled meeting with standard language. But you know they are talking about us.
|
||||||
|
|
||||||
|
June 15th-16th- JPow do a meet about raising interest rates. The Federal Open Market Committee (FOMC).
|
||||||
|
|
||||||
|
To those of you who can only focus on the next date out of all the dates and rocket fuel here and have to comment, fuck off. Tell your wife to top up my cell phone so I can FaceTime her tonight. She keeps begging me to switch teams. She says you've got a tool you don't know how to use.
|
||||||
|
|
||||||
|
Now keep reading.
|
||||||
|
|
||||||
|
Friday June 18- [Quadruple Witching Day](https://investinganswers.com/dictionary/q/quadruple-witching)
|
||||||
|
|
||||||
|
*What Is Quadruple Witching?*
|
||||||
|
|
||||||
|
Quadruple witching (also called "quad witching") refers to the third Friday of every March, June, September and December. On these days, derivatives (e.g. market index futures, options futures, stock options, stock futures) expire, usually resulting in increased volatility.
|
||||||
|
|
||||||
|
You know what I like? Volatility. You don't scare me anymore, Kenny. I'm into that shit. I've got daddy and mommy issues.
|
||||||
|
|
||||||
|
I know the last one was a letdown. Don't focus on one date.
|
||||||
|
|
||||||
|
Edit: Wrinkly Ape [u/Francis46n2WSB](https://www.reddit.com/u/Francis46n2WSB/) pointed out last Quad Witching wasn't normal and Kenny was stressed.
|
||||||
|
|
||||||
|
*The last quadruple witching day was not a letdown, it had an enormous explosion in volatility.
|
||||||
|
|
||||||
|
What happened was, if you check the charts you'll notice, Kenny and friends massively suppressed the the price so that the volatility wouldn't be noticed. I compare it to diving and laying over a grenade.
|
||||||
|
|
||||||
|
This time I think they're running out of stuff to contain the blast.*
|
||||||
|
|
||||||
|
Also on Friday June 18th [Some crazy junk bond shit](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_medium=android_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_source=share) that everyone is balls deep in except us and Goldman Sacks. Thanks to Literate Ape [u/Get-It-Got](https://www.reddit.com/u/Get-It-Got/) for this one. Go put some wrinkles on this one. OP is asking for more eyes.
|
||||||
|
|
||||||
|
Also Friday June 18th- tons of SPY puts. Usually about a billion. At 60 billion. Thanks to SPY ape [u/rabsgood](https://www.reddit.com/u/rabsgood/). We aren't sure what this means. Could be nothing. Could be fuckery.
|
||||||
|
|
||||||
|
Monday June 21st- NSCC 002 most likely falls into place. You know what that means? More on NSCC 002 below. Marge is a demanding bitch.
|
||||||
|
|
||||||
|
Also June 21st- ~~Aussie~~ Ape Matt Furlong becomes CEO of GameStop.
|
||||||
|
|
||||||
|
Detail Ape clarified Matty isn't from Oz....just ran the Amazon for them for 2 years. 8 years total at Amazon. Welcome back to cold Christmas, my dude. I hear Texas has snow now.
|
||||||
|
|
||||||
|
Tuesday June 22nd to Thursday June 24th- Net Capital, aka margin call spikes. [u/criand](https://www.reddit.com/u/criand/) has redone his FTD predictions to include Net Capital, AKA margin call requirements. [here.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
Wednesday June 23rd and Thursday June 24- Big Wrinkly Brain Ape [u/criand](https://www.reddit.com/u/criand/) says another FTD cycle. [Danger Zone 2 here](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) and [comment from today here](https://www.reddit.com/r/Superstonk/comments/nxajjj/comment/h1fns10) **see above for new Net Capital updates from criand.
|
||||||
|
|
||||||
|
Thursday June 24th- Kenny wants to look clean and tidy for FINRA. Cleans up his shorts to make a pretty for the paper. Short interest report day from [FINRA. ](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest)often causes the price to rise. It's GME so expect it to fall, even if they reveal it's shorted 2000% (they won't). Thanks to new redditor [u/Superstonkfollow](https://www.reddit.com/u/Superstonkfollow/) for the message.
|
||||||
|
|
||||||
|
Look at previous FINA SI receipt dates. 27 Jan. 9 Feb. 24 Feb. 9 Mar. 24 Mar. 12 Apr. 26 Apr. 11 May. 25 May. 9 June. Overlap with the T+21/ T+35 on 24 Feb, 26 Apr, 25 May. [When the dates align, the wombo combo happens](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/?utm_source=reddit&amp;amp;amp;amp;utm_medium=usertext&amp;amp;amp;amp;utm_name=stocks&amp;amp;amp;amp;utm_content=t1_h0qiqzc) [u/criand](https://www.reddit.com/u/criand/) got another wombo wrinkle. Thanks again to [u/superstonkfollow](https://www.reddit.com/u/superstonkfollow/) for putting all that together.
|
||||||
|
|
||||||
|
Friday June 25th- JPow wants 715 BILLION in reverse repo payments back. [Holy Fuck. ](https://www.federalreserve.gov/releases/h41/current/h41.pdf)Thanks to Detail Ape [u/aquadisaster](https://www.reddit.com/u/aquadisaster/) for the wrinkle.
|
||||||
|
|
||||||
|
Also Friday June 25th- Mr. Russell Gets a Extreme Stonk Makeover..... after hours. See [this thread](https://www.reddit.com/r/Superstonk/comments/nxjvpg/gme_russell_1000_rebalance_day_and_t21_and_t35/) from Wrinkly Ape [u/vierzehnter](https://www.reddit.com/u/vierzehnter/) for in depth Mr. Russell wardrobe change analysis.
|
||||||
|
|
||||||
|
But the summary is this: paraphrasing OG Wrinky Ape d/lauer.....Russell rebalance is volatile AF.
|
||||||
|
|
||||||
|
Papa Cohen said to buckle up.
|
||||||
|
|
||||||
|
Monday June 28th First day of trading after Mr. Russell gets a makeover
|
||||||
|
|
||||||
|
AND
|
||||||
|
|
||||||
|
T+35 FTD date according to Math Ape [u/Unsure_if_relevant](https://www.reddit.com/u/Unsure_if_relevant/) Check out criands new [Net Capital 21 Day Loop here.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
EDIT: wrong year. Another ape caught it. June 2023. ~~Wednesday June 30th-US switches from LIBOR to SOFR. Fuck if I remember what any of this means. LIBOR is the The London Inter-bank Offered Rate. SOFR is Secured Overnight Financing Rate.
|
||||||
|
|
||||||
|
This is the rate which determines how much it costs BofA to borrow from Wells, etc. Ape do a wrinkle and link and explain more, pls and thank.
|
||||||
|
|
||||||
|
New redidior [u/SuperStonkFollow](https://www.reddit.com/u/SuperStonkFollow/) linked me to Big Wrinkly Mod Ape [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/)'s Magnum Opus [Chaos Theory involving LIBOR and SOFR](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and holy fuck. I can't sum it up. Go read it again.
|
||||||
|
|
||||||
|
Holy fuck moment: SOFR the last time it was attempted to transitioned into (in 2019) almost IMPLODED the market due to many realizing that banks and others could not handle a higher interest rate (based off the DAILY TRESURY YIELD RATE) versus the fabricated one that banks provide.
|
||||||
|
|
||||||
|
This can be postponed......again. someone call JPow and tell him we are done fucking around.~~
|
||||||
|
|
||||||
|
LIBOR to SOFR isn't happening until June 30, 2023.
|
||||||
|
|
||||||
|
But I'll still jacked.
|
||||||
|
|
||||||
|
Add this with reverse repo and I'm jacked.
|
||||||
|
|
||||||
|
Monday July 5th just a reminder the casino is closed ~~so that Kenny and Steve and Gabe and Mikey can have a much deserved day of rest~~ Murica celebrates its birthday, Bitches.
|
||||||
|
|
||||||
|
Wednesday July 14th GameStops NFT on E-network word I can't say ~~but I can't find thread. Linky me, pls.~~ High tech Ape says more [here.](https://www.reddit.com/r/GME/comments/nkzqyv/gamestop_crypto_or_nft_to_go_live_july_14_2021_at/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
Friday July 16 [Crazy high option volume](https://gme.crazyawesomecompany.com/)
|
||||||
|
|
||||||
|
Also Friday July 16th- crazy amount of SPY puts. Could be nothing. Could be sus. Keep an eye peeled.
|
||||||
|
|
||||||
|
Monday July 26th- 21 Day Net Capital cycle. Fresh off the press from criand. [Here.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf)
|
||||||
|
|
||||||
|
Monday August 16th- T+21 for the July 16th giant tidal wave of options
|
||||||
|
|
||||||
|
Friday August 20th- T+35 for July 16th tidal wave 🌊
|
||||||
|
|
||||||
|
Do you see why I'm jacked??
|
||||||
|
|
||||||
|
Now a note on NSCC 002/801 because everyone seems to be confused. This is *the* margin call rule.
|
||||||
|
|
||||||
|
Marge: Hello, Kenny? It's Marge.
|
||||||
|
|
||||||
|
Kenny, peeing his pants: Yes, Marge?
|
||||||
|
|
||||||
|
Marge: Pay me more money. You've got 1 hour.
|
||||||
|
|
||||||
|
No more days to fuck around and come up with funds.
|
||||||
|
|
||||||
|
Now I want to clarify here because I see a lot of misconception floating around this jungle about Marge.
|
||||||
|
|
||||||
|
When Marge calls, hedgies can meet their margin, meaning they can deposit more funds with their co-conspirators the DTCC and NSCC and keep on trading.
|
||||||
|
|
||||||
|
A margin call doesn't automatically mean default or MOASS.
|
||||||
|
|
||||||
|
Funny, cause if Marge calls my dumb ass I can't trade the rest of the day until I get my balance over 25k, so most likely out two days while my wire goes through. But Kenny and Steve and Gabe are special and previously they had days to meet their margin call.
|
||||||
|
|
||||||
|
Apes seem to think that when Marge calls, it's game over for the hedgies. Not true. They've probably already been margin called and met their margin requirements several times already. But now they only have 1 hour.
|
||||||
|
|
||||||
|
It's when they can't meet their margin calls that shit gets fun. Once 002 is in place, 1 hour. I expect to see more sell offs of their long positions when this happens. And I can't wait. Isn't Citadel long on Tesla and Burry short?
|
||||||
|
|
||||||
|
Now, when they can't meet their margin (or supplemental liquidity requirements) that's when they default. Default is what we are waiting for, my ape relations.
|
||||||
|
|
||||||
|
When default happens, that's when the DTC computer starts closing positions. Computer don't care how many zeros. [More about that process here.](https://www.reddit.com/r/Superstonk/comments/nvrouv/i_feel_like_this_deserves_its_own_post_remember/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb)
|
||||||
|
|
||||||
|
Also remember there are multiple hedgies playing fuck you in the ass here.
|
||||||
|
|
||||||
|
My guess (and I'm a dumb internet ape so don't listen to me or take this as financial advice) is that when the price skyrockets, the not quite as dumb hedgies will try to get out first and save themselves and add fuel to the fire.
|
||||||
|
|
||||||
|
Expect trading halts. Expect wild swings. Expect the rest of the market in the red and VIX going crazy. That's when you know MOASS is here.
|
||||||
|
|
||||||
|
Note I'm not saying MOASS will start when 002 falls into place. I'm saying 002 tightens the noose.
|
||||||
|
|
||||||
|
NSCC 002 is the rule that makes 801 actually work, in case you're keeping track.
|
||||||
|
|
||||||
|
Thanks to Smart Astronaut Ape [u/MoonTellsMeASecret](https://www.reddit.com/u/MoonTellsMeASecret/) for this [801/NSCC 002 Ape Guide Here](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf).
|
||||||
|
|
||||||
|
Now some of you wrinkly brains are wondering where is DTC 005.
|
||||||
|
|
||||||
|
[u/Existing-Reference53](https://www.reddit.com/u/Existing-Reference53/) did an email [with the DTC](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) and they say it's being reformatted and posted soon.
|
||||||
|
|
||||||
|
DTC 005 is the rule that says Bad Kenny can't hide his dirty undies in the options anymore. Some apes say it's mission critical. Some say not. I'm too dumb to weight in on this.
|
||||||
|
|
||||||
|
Wut doing [Mikey](https://www.dtcc.com/about/leadership/board)? DTC need to borrow my paid license for Microsoft Word to hurry up that formatting? DM me. I'll hook you up.
|
||||||
|
|
||||||
|
But I smell a fucky here. If it is the lynchpin and I was DTC Mikey and also a co-conspirator in massive fraud (Lawyer Ape Wes said trillions in fraud in our lifetimes) I would hold it back as long I could too. My guess is they are waiting for the first wave of defaults and it will magically be done with formatting. According to the emails once it's published it is approved.
|
||||||
|
|
||||||
|
Which leads me to this. My End Game Theory: No one wants to be a market manipulator or set off The Greatest Transfer of Wealth EVER. No one will force it. Not BlackRock. Not the DTC. Not GameStop or Papa Cohen.
|
||||||
|
|
||||||
|
It will happen when it happens. No dates, but taking all these things into account.....soon.
|
||||||
|
|
||||||
|
Kenny and Steve and Gabe and Mikey want it to be bad enough they can get a bailout. Then they can blame us.
|
||||||
|
|
||||||
|
[That scene in The Big Short about the bailout rattles in my mind.](https://youtu.be/RvI5mN3RIAI) Steve Carrell says "Paulson and Bernanke just left the White House. There's going to be a bailout."
|
||||||
|
|
||||||
|
[Guess where former Fed Chair Ben Bernanke works now?](https://www.citadel.com/leadership/dr-ben-s-bernanke/) He's probably helping write the bailout as we speak. Remember, this is bigger than Kenny and Steve and Gabe. This is also Mikey at the DTC. It's the prime brokers. It's the banks. The ones who allowed illegal naked shorting to happen.
|
||||||
|
|
||||||
|
Also. Don't forget. Fed Repo rate breaking records daily. Elliot Wave guy says up. Sign Guy is epic. DFV still in. Papa Cohen in the Cap'n seat of the rocket.
|
||||||
|
|
||||||
|
Your homework this weekend: hydrate. Play. Leave the basement and get some sun on your skin. For fucks sake, watch The Big Short if you haven't already. It's free in the US on Hoopla with a library card if you're temporarily broke AF (because you're about to be rich). If someone will willingly and enthusiastically consent to shagging you then do that too.
|
||||||
|
|
||||||
|
Film Noir Ape [u/Best_Account](https://www.reddit.com/u/Best_Account/) also recommends you watch [The Inside Job (YT)](https://youtu.be/T2IaJwkqgPk) and [Princes of the Yen (YT)](https://youtu.be/5-IZZxyb1GI) to the weekend watch list.
|
||||||
|
|
||||||
|
I also recommend Margin Call and Billions. And The Big Short book is even crazier than the movie.
|
||||||
|
|
||||||
|
If you've got any other important dates let me know and I'll add them here. Them just corrected to 🌝. It's a sign.
|
||||||
|
|
||||||
|
Past 4pm my time. Signing off for a strong beverage.
|
||||||
|
|
||||||
|
Buckle up.
|
||||||
|
|
||||||
|
TL,DR: just skim for FFS.
|
||||||
|
|
||||||
|
Lots of fuel in the rocket. Andromeda called. She's ready for the apes.
|
||||||
|
|
||||||
|
Thanks for all the awards! I've had so many anonymous ones I'm going to pretend both DFV and Papa Cohen have sent at least one each.
|
||||||
|
|
||||||
|
Edit again: Jesus H. Roosevelt Christ. I mention Quadruple Witching Day as 1 of 20 other dates with things going on and it's all some of you can see. STFU and read the rest.
|
@ -0,0 +1,112 @@
|
|||||||
|
Cohen has reached the same conclusion as u/Criand's T+21 Net Capital thesis: An analysis of tweet activity and corporate announcements
|
||||||
|
======================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Nalifi](https://www.reddit.com/user/Nalifi/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
*This is not financial advice. I am a retard who always lets one banana in the bunch he buys go bad because I can't time eating the bananas correctly.*
|
||||||
|
|
||||||
|
This post will re-analyze Cohen's tweets and Gamestop's positive price movements in relation to [u/Criand](https://www.reddit.com/u/Criand/)'s new T+21 net capital thesis.
|
||||||
|
|
||||||
|
First of all I would like to lead you to Criand's new post, "Revisit to Net Capital".
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/>
|
||||||
|
|
||||||
|
I believe that TA does not apply to our favorite stock (but look forward to Elliot Wave guys proving me wrong), but the initial T+21/T+35 cycles were unique in that they don't rely on normal stock behavior, and instead analyze the unique situation GME is in (excessive shorting, FTD's). Additionally, it has had almost a 100% success rate at predicting price movements.
|
||||||
|
|
||||||
|
I believe the net capital requirement thesis ties this together by eliminating loose ends in the previous theory, such as the shaky T+35 price movements, in addition to providing a solid explanation as to *why* these movements occur.
|
||||||
|
|
||||||
|
I decided to take this opportunity to revisit speculation on Cohen's tweets/Gamestop major news, their timing, and analyze if these were the causes of price movements (and thus not the actual cycles). I decided to investigate by going full retard on my only day off and investigating each news report compared to the net capital cycle. The result has my *tits absolutely, indescribably jacked***:**
|
||||||
|
|
||||||
|
If you'd like to follow along, let's open Criand's beautiful chart -
|
||||||
|
|
||||||
|
<https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7>
|
||||||
|
|
||||||
|
and take a look with some positive Gamestop news catalysts and tweets from our favorite Ryan Cohen. I'll keep this area to data only and leave speculations for the end.
|
||||||
|
|
||||||
|
1\. The Ice Cream Cone
|
||||||
|
|
||||||
|
<https://twitter.com/ryancohen/status/1364650709669601289>
|
||||||
|
|
||||||
|
Ryan Cohen tweets the famous ice cream cone on Feb 24, lining up perfectly with the T+21 net capital requirement date. The price rockets that day.
|
||||||
|
|
||||||
|
2\. Voluntary redemption of senior notes is announced.
|
||||||
|
|
||||||
|
<https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0>
|
||||||
|
|
||||||
|
GME announces a voluntary early redemption of senior notes on April 13th. Price spike is April 13 AH -- T+14 date is April 15th. The positive news does not correlate with price movement.
|
||||||
|
|
||||||
|
*Side note:* DFV Final Yolo update: April 16th
|
||||||
|
|
||||||
|
3\. Cohen train tweet.
|
||||||
|
|
||||||
|
<https://twitter.com/ryancohen/status/1386485746916380673>
|
||||||
|
|
||||||
|
April 25th: Cohen tweets a train coming. South Park. This is one day before the T+21 or 75% Net capital cycle. Additionally:
|
||||||
|
|
||||||
|
4\. Gamestop announces completion of the At-The-Market equity offering program.
|
||||||
|
|
||||||
|
<https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program#:~:text=GameStop%20disclosed%20on%20April%205,time%20through%20the%20ATM%20Offering>.
|
||||||
|
|
||||||
|
This news is placed directly on the T+21 date. *Price spikes.*
|
||||||
|
|
||||||
|
May 3rd; Gamestop completes voluntary early redemption of senior notes, leading them out of debt.
|
||||||
|
|
||||||
|
T+7 is May 5th, no price movement on this announcement. They also announce acquisition of a 700,000 sq. ft fulfillment center, resulting in *no price movement*.
|
||||||
|
|
||||||
|
May 11; Gamestop tweets man on the moon, T+14 is May 14th,
|
||||||
|
|
||||||
|
May 12, Gamestop Esports twitter profile is launched.
|
||||||
|
|
||||||
|
None of these announcements result in significant price movement.
|
||||||
|
|
||||||
|
May 25, Ryan Cohen tweets "Don't try this at home" at 12:32 AM, midnight before market open on the T+21 cycle the next day.
|
||||||
|
|
||||||
|
<https://twitter.com/ryancohen/status/1397047791889879041>
|
||||||
|
|
||||||
|
*Price spike.*
|
||||||
|
|
||||||
|
Later that day, the Gamestop NFT is found. It has a launch date of July 14, 1 day before June 24 T+14 cycle.
|
||||||
|
|
||||||
|
May 29, Cohen tweets "R.I.P. dumb ass", noting that the T+21 cycle has been figured out and the Hedgies. Are. Fuk.
|
||||||
|
|
||||||
|
Speculation:
|
||||||
|
|
||||||
|
Cohen is *fully aware* of the T+21 net capital loop that the hedge funds are trapped in. Given that both good news and hype tweets are clearly insufficient to result in a positive price movement (See: May 3rd, May 11, May 12, April 13), I am highly doubtful that an ice cream cone tweet is enough to drive up the price by over 100%.
|
||||||
|
|
||||||
|
I believe that Cohen has had this figured out since very early on, and that's clear in his tweet behavior on later T+21 dates.
|
||||||
|
|
||||||
|
This can also explain why Gamestop made the choice to conduct a share offering on 6/9 -
|
||||||
|
|
||||||
|
6/9, the Gamestop shareholder meeting, as meme of a date as it may be, is *not* on a significant net capital requirement date, and thus Cohen and friends were well aware that the price would fall again. To counteract negative sentiment, he announces the share offering; effectively, FUD immunity, because any negative movement can be attributed to it. Additionally, it provides *1 billion dollars* in capital for future positive announcements, which he can place on the T+21 dates; for example, the June 24 T+21, which is in close proximity to the Russel rebalancing. Note: So far, only Cohen tweets have lined up with T+21 dates. If positive Gamestop news; an acquisition, a dividend, NFT's, esports deals lines up... oh god. No dates, but those with shares have nothing to worry about - they're in good hands. *Only up.*
|
||||||
|
|
||||||
|
Tl;dr: Cohen is well aware of the T+21 dates and has lined up his own tweets *in clear indication* of it. The 6/9 ATM market offering, although I know many apes including myself were disappointed by, is basically FUD immunity as the price falls in between T+21 cycles. Furthermore, it raises capital for positive corporate announcements which can be lined up with T+21 dates, which so far, only Cohen tweets have lined up with. Price movements are largely irrelevant to news.
|
||||||
|
|
||||||
|
*We're in good hands. If you hodl shares, there's nothing to worry about. HODL!*
|
||||||
|
|
||||||
|
Edit: formatting. If anyone has criticisms, announcements, or additional news that I missed, please comment below.
|
||||||
|
|
||||||
|
*Not financial advice.*
|
||||||
|
|
||||||
|
EDIT: Guys I fucking missed one.
|
||||||
|
|
||||||
|
On March 25, Cohen tweets our smoky teddy,
|
||||||
|
|
||||||
|
<https://twitter.com/ryancohen/status/1375159657166209031>
|
||||||
|
|
||||||
|
Lining up with the T+21 date on March 25th.
|
||||||
|
|
||||||
|
With this, out of 18 Cohen tweets since his activity in Gamestop, 4 of them line up with the 5 T+21 cycle days thus far, missing only the first one on January. While it is *possible* that this is a coincidence, given that there's about 180 days since the beginning of all this I don't think it's very likely. If anyone is a statistics legend and could calculate the probability that this is random it would be much appreciated. Also, I don't think there's much of another reason why he would tweet an ice cream cone.
|
||||||
|
|
||||||
|
edit: Reached out to friend who is a statistics major. He just graduated and doesn't want to do math but his response was - "Pretty sure though just from inspection it'll be statistically significant". Statisticians who are *not* lazy bums please comment if you can figure this out!
|
||||||
|
|
||||||
|
edit 2: Update - math wrinkle brain messaged me with:
|
||||||
|
|
||||||
|
"I can't post bc of karma but the probability of having at least 4 right dates on 5 while picking 18 out of 180 is 0.0339% It's an hypergeometric law."
|
||||||
|
|
||||||
|
In basically any statistical research model this is *significant*. As always if anyone has any corrections to this please comment or message me. Tits jacked!
|
@ -0,0 +1,79 @@
|
|||||||
|
FINRA short interest reporting: The current price action is anomalous
|
||||||
|
=====================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/No1Important_4real](https://www.reddit.com/user/No1Important_4real/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nztx4l/finra_short_interest_reporting_the_current_price/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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; No price jump before a Short Interest Report date might mean Citadel and friends are unable to continue hiding their short interest. Reported SI numbers will climb.----
|
||||||
|
|
||||||
|
For the year of 2021 two major events have been clearly and predictably affecting the price of GME, what's know as the FTD cycle, and FINRA reporting. I want to discuss the FINRA reporting.
|
||||||
|
|
||||||
|
Many apes are unaware of the FINRA short interest reports and their affect on GME's price because they are largely eclipsed by the larger and more scandalous FTD cycle, but it's affect on the price action has been clear and predictable since the start.
|
||||||
|
|
||||||
|
WHAT IS SHORT INTEREST REPORTING
|
||||||
|
|
||||||
|
To summarize here is a quote from FINRA's own site:
|
||||||
|
|
||||||
|
```
|
||||||
|
FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month. All short interest positions must be reported by 6 p.m. Eastern Time on the second business day after the reporting settlement date designated by FINRA.
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
Also on the FINRA site is a calendar of important short interest reporting dates (<https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest>). There are three terms that are important with this calendar. Settlement Date, Due Date, and Exchange Receipt Date.
|
||||||
|
|
||||||
|
Firstly, for those who aren't familiar, Short Interest is the term used to describe shares sold short but not yet covered or closed out. In terms of GME, this is all those synthetic shares and the whole reason this ape party is happening.
|
||||||
|
|
||||||
|
Settlement Date is the date of the snapshot of short interest. If the settlement date is Friday, then the current short interest on Friday is used to as the data source to compile the report.
|
||||||
|
|
||||||
|
Due Date is the date on which the reports must be submitted to FINRA.
|
||||||
|
|
||||||
|
Exchange Receipt Date is the date on which the reports are published.
|
||||||
|
|
||||||
|
From what I can discern though, there is possibly wiggle room within those dates. For example, it seems as though the reports are compiled with data from market open on the Settlement Dates, as often massive shorting begin anew on each Settlement Date. I assume the same is true on the opposite end and the published reports may not be until the end of the receipt date, which means they aren't readily available until the following business day for retail public.
|
||||||
|
|
||||||
|
HOW SHORT INTEREST REPORTING AFFECTS PRICE
|
||||||
|
|
||||||
|
Basically, the entities shorting GME don't want their short positions published. By design, shorts are supposed to be settled within a matter of days and it's only through gross manipulation and breaking of rules have they been able to draw them out (which is how the FTD cycle comes into play). What the short entities don't want is their true Short Interest to be known, and these reports are supposed to do exactly that. So, to get around the reports, they hide their positions (covered in many of the wonderful DD on the topic on the FTD cycle and Deep ITM hiding), or they close their short positions long enough to create the report.
|
||||||
|
|
||||||
|
In any given day, more and more short positions are created and hidden away, but between report Settlement Dates, any short positions that can't be swept under a rug need to be closed, which causes price climbs in the days leading up to the Settlement Date. Typically on Settlement Date, after the data for the report has been captured, they will then begin shorting with abandon again to suppress the price.
|
||||||
|
|
||||||
|
HISTORICAL PRICING
|
||||||
|
|
||||||
|
[](https://preview.redd.it/s4fo6knrx9571.png?width=1866&format=png&auto=webp&s=57f1a9e5effe14f1d14ef0e4e0b5c3ad77085d51)
|
||||||
|
|
||||||
|
FINRA Short Interest Reporting Dates
|
||||||
|
|
||||||
|
I have taken the time to draw each Settlement Date on the graph of the calendar year for GME price. Each blue vertical line is a Settlement Date. You can clearly see in the day or two before each date the price will climb modestly or steeply. That is the closing of unhidden short positions. The two times this didn't happen was Feb 12 and April 30. Those two dates though were preceded by a flat period, most likely the open short positions were close or hidden within that flat period. It's most noticeable on April 30th where the was a large rally in the days preceding. If you increase the granularity of the candles you'll also find that on the days leading up to April 30th all the steep deeps were immediately met with steep climbs, I believe this is them closing their short positions on the same day they open them, keeping the price effectively flat.
|
||||||
|
|
||||||
|
From the above chart, an minimum there is a moderately strong relationship between FINRA Short Interest Settlement Dates and the price of GME rising. You don't see a huge dip two days before a Settlement Date due to them not opening large quantities of new short positions, though actual market trading still does occur like on Feb 25th.
|
||||||
|
|
||||||
|
WHATS HAPPENING NOW
|
||||||
|
|
||||||
|
Right now we're in the midst of another anomaly when it comes with FINRA reporting. The price for the last two days has been flat and dipped hard just before then. If they need to close their short positions before the Settlement Date, it raises the question as to what's going on.
|
||||||
|
|
||||||
|
As I see it, there are three scenarios that can account for what's happening.
|
||||||
|
|
||||||
|
1. The sale of 5 million shares is entirely at fault the for 30% price decline, open short positions were closed over the days leading up to that fall, or were able to be hidden during that time.
|
||||||
|
|
||||||
|
2. They are going to lie on their report more than usual and have no intention on playing the "hide the short" game anymore
|
||||||
|
|
||||||
|
3. They aren't bothering hiding anymore
|
||||||
|
|
||||||
|
DISCLAIMER: The following is merely my opinion and not a factual analysis:
|
||||||
|
|
||||||
|
I don't believe possibility of option 1 is very likely, simply due to the scale of the 5 million shares. That dilution would affect around 7-9% of the share price, and buy pressure has been steadily increasing. There would be people fighting to buy the 5 million shares with the shorts attempting to cover shares they couldn't hide. I don't believe there would be enough power in that sale to drop the price a whole 30%.
|
||||||
|
|
||||||
|
Option two is possible, but would open up someone for clear fraud, probably a chain of individuals. Why go to jail for your boss, why go to jail as well as go bankrupt, especially if it doesn't change the outcome.
|
||||||
|
|
||||||
|
Option three is the one that makes the most sense to me. They don't plan on hiding their positions any longer, either because doing so it's prohibitive, or they believe that Gamestop will report the full count of the vote and make hiding unnecessary.
|
||||||
|
|
||||||
|
Should that be the case, we would find out on the 25th.
|
||||||
|
|
||||||
|
Please comment below if you have any better understanding and deeper insight into this.
|
||||||
|
|
||||||
|
EDIT: Added a disclaimer before my opinion and changed the tag from DD to education as some felt the DD tag should be used for more data driven analysis.
|
@ -0,0 +1,148 @@
|
|||||||
|
In death by 1000 cuts, SHF just received their 999 cut
|
||||||
|
======================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/No1Important_4real](https://www.reddit.com/user/No1Important_4real/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0mn0y/in_death_by_1000_cuts_shf_just_received_their_999/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
EDIT: Love you apes. Sorry again for the crass language and the tone. It was part frustration, part trying an alternate strategy to reach people. I will try and fix my typos and errors as I find them but this took me like three hours to write and I really need to get some work done.
|
||||||
|
|
||||||
|
EDIT 2: I updated the percentages on the numbers chart, as people correctly pointed out the implied increase negated the need for the 100% base. Thank you so much for everyone taking the time to understand. I do want to mention that I'm not saying the MOASS is on a date. I just wanted to get attention drawn to a point of data that, to me at least, seems urgent and critical for apes to see, especially while the price dips. I always reserve the right to be wrong. Thank you all so much for your comments, I appreciate them all and read them as I can.
|
||||||
|
|
||||||
|
PREFACE
|
||||||
|
|
||||||
|
I am screaming from the rooftops about this to any apes who will listen. The bells are tolling for hedgies and no one is noticing or caring. I've made two other posts trying to draw attention to this and both got downvoted into obscurity or spammed with cries of "Shill!"
|
||||||
|
|
||||||
|
I try to make every post respectful, concise, and as clear as possible but that isn't working and this needs to be heard, so I'm going to go crass. Prepare for a meandering, poorly edited, train of though addled wall of text! I'm going to worry less about citing and more about getting this out there. I'll edit in citations later if anyone fucking pays attention and this doesn't get downvoted to hell.
|
||||||
|
|
||||||
|
I love all you apes, but the hedgies are bleeding out right in front of us and you dense mother fuckers are busy upvoting cat videos and low effort memes to the front page instead of useful discussion. You aren't all diamond hands, you're diamond skull too. If I need to make a puppet show I will, you're going to understand how important today is.
|
||||||
|
|
||||||
|
TOPIC
|
||||||
|
|
||||||
|
Today is the settlement date for the short interest reports due to FINRA twice a month. These dates are as important as FTD cycle dates but no one ever fucking pays any attention to them. Every single time these dates come around the price will bump UP by 25% to 35%. What did we see this cycle? A DROP OF 40%!
|
||||||
|
|
||||||
|
This is the first time in a year that the price fell for a SI report cycle. It has always risen by as much as 500% during the Jan squeeze or as little as 22% in April while the stock was running flat but it ALWAYS GOES UP!
|
||||||
|
|
||||||
|
Pay the fuck attention here. The price goes up when these dates come around, not down. There is a very simple reason why, if you give two shits about it you can read my first DD:
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/nztx4l/finra_short_interest_reporting_the_current_price/>
|
||||||
|
|
||||||
|
GRADE SCHOOL LEVEL EXPLANATION
|
||||||
|
|
||||||
|
I'm going to use an analogy and then a real world example with numbers to try and hold as many people's hands here and explain what's happening.
|
||||||
|
|
||||||
|
Let's say you get a small cut and it bleeds a little bit. You're not going to die. You get cut again and again and again and you're still not going to die but every cut makes the bleeding come faster and faster. Eventually so many cuts will accumulate that the bleeding will kill you.
|
||||||
|
|
||||||
|
Now imagine you're getting these cuts but don't want anyone to know you're bleeding, so you cover the cuts up with bandages. You're still fucking bleeding, you're still going to die, but at least nobody knows it. People can see you're a little cut, but no one can clearly tell you're fucking hamburger and being held together by duct tape and stubbornness.
|
||||||
|
|
||||||
|
Now what happens when you run out of bandages and you get a new cut. That cut is going to show, people are going to see it. Worst, your old bandages need to be changed from time to time. You're now not just fucked, but everyone is going to start realizing you're fucked and they're going to go after your weak ass.
|
||||||
|
|
||||||
|
That's the hedge funds right now, they're out of bandages.
|
||||||
|
|
||||||
|
These pieces of shit have been creating synthetic shares of GME for months now, since before the Jan squeeze. In Jan they were over 100% short, so what happens when someone buys a share of a stock that has no shares to sell? The price goes up. It goes WAY the fuck up. To counter, the hedge funds have been creating synthetic shares.
|
||||||
|
|
||||||
|
There are piles and piles of DD on this topic, please use the DD search button and read some of them if you're lost.
|
||||||
|
|
||||||
|
So, let's say it's April 16th. You have synthetically created MILLIONS of shares of GME and apes keep buying. You create more shares every time they want to buy more so that the price doesn't climb. But every time you create shares you have to balance your books. Luckily, the SEC is shit at their jobs and you can fudge 10% or so of the shares you create out of thin air, but there is still just way too many shares getting created day after day.
|
||||||
|
|
||||||
|
Then, here comes a settlement date on April 30th. In that time you've synthetically created 20 million shares and fucked the stock price in the process, only letting sell pressure materialize. You even got super sneaky and only marked half the shares you created out of thin air as short. You're still holding your dick and 10 million fucking shares that have to be balanced before your system creates an automated report and sends it to FINRA. Fuck. OK, so you start buying up deep in the money calls and shoving hundreds of thousands of shares into them, but there's only so many of those in a day. Here you are three days before the report is due and you've still got 7 million shares to fucking deal with. No option, you're going to cover 6 million of them, let the stock price concentrate a few percent, and then short the fuck out of it in a couple days. The report you send in, which is completely fucked and not even close to accurate, only shows you have 20% of the stock shorted, because you managed to lie about half of them, shove a quarter of them into options, juggled the rest into the share price for a couple days. April 30th hits and the report fires, you now can start the stupid fucking cycle all over again!
|
||||||
|
|
||||||
|
MIDDLE SCHOOL LEVEL
|
||||||
|
|
||||||
|
If you're with me so far, then I'm proud of you and you get a star.
|
||||||
|
|
||||||
|
The hedgies are trapped in this cycle, it is married to the FTD cycle that everyone focuses on, but both of these cycles feed each other and compound on each other.
|
||||||
|
|
||||||
|
Every time a report is due they have to cover whatever amount of shares they can't hide into options. If you want to know more about how hedge funds hide their shit in options, please use the DD button, there are a lot of VERY deep dives into that topic.
|
||||||
|
|
||||||
|
Every time there is a settlement date looming, the shorts cover any open excessive shares they haven't yet hidden. Every time. Without exception.
|
||||||
|
|
||||||
|
Now, half you retards skimming here read this as 'the shorts have covered'. THE SHORTS HAVE NOT COVERED! They are not closing the hundreds of millions of short positions they have open every settlement cycle, what they are closing is a fraction of the shares they created. Their strategy is to balance their bullshit between "accounting errors" and not marking synthetic shares as being short, shoving shares into options, and covering the remained. They cannot over do any one of the three. If they pump too many shares into options, the next FTD cycle will hit too hard. If they fuck up their report too much, it will cross the line from a fine and end up with jail time. If they cover too much it will send the share price too high. They use ALL THREE!
|
||||||
|
|
||||||
|
WHAT HAPPENED
|
||||||
|
|
||||||
|
I hope you're still with me, we're almost there....
|
||||||
|
|
||||||
|
[](https://preview.redd.it/g49n3z9peh571.png?width=1866&format=png&auto=webp&s=45312c14e7656455d6791d0e765be717c4eed00e)
|
||||||
|
|
||||||
|
Pretty pictures
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zlu198bxvh571.png?width=308&format=png&auto=webp&s=b1b91ba7bd00b5f164716d4d5390fd666b18dd7b)
|
||||||
|
|
||||||
|
Scary numbers!
|
||||||
|
|
||||||
|
Here is a chart of settlement dates, the high that resulted from the date, and the low a day or two previous to the high. The highs are always (except for in 2 exceptions) the day BEFORE settlement. For the two exceptions, the high was two days before settlement. The lows occur before the high within a day or two. Lastly is the percent increase.
|
||||||
|
|
||||||
|
You can ignore everything the Jan and Feb squeezes, their behavior is not typical for reasons I really shouldn't have to explain. You can see that before settlement the price always goes up. Always.
|
||||||
|
|
||||||
|
This settlement cycle, for the first time ever the price went down, it went down 40 god damn percent.
|
||||||
|
|
||||||
|
That's not a weird fluke, that's a fucking alarm bell ringing and everyone is ignoring it to watch anchors on CNBC yell at each other.
|
||||||
|
|
||||||
|
EXPLANATIONS
|
||||||
|
|
||||||
|
There are three possible solutions to why the price went down but only one of them makes any logical sense. Now, deep breath, you have to apply deductive reasoning. I will now attempt to make my case for the three arguments and why only one of them can be true. Hold onto your butts.
|
||||||
|
|
||||||
|
ARGUMENT 1: *SHF managed to hide their short positions using their usual tactics, and sell pressure was so high they never needed to cover the shares they typically have to.*
|
||||||
|
|
||||||
|
I want to point your attention to everyone's favorite datapoint, OBV:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/evzz891m7h571.png?width=1298&format=png&auto=webp&s=e1385a64ef72920fb447d91a2019252dd8244008)
|
||||||
|
|
||||||
|
OBV is not the answer to all questions, but it can show us with a good enough clarity that no one is selling. After April 12 the OBV has only increased. This flat out tells you people are buying and not selling. Notice at the end there, the last few days, that dip is fucking pathetic. Even the paper hand bitches that joined in the last two weeks haven't sold.
|
||||||
|
|
||||||
|
So the sell pressure didn't deflate shit, what about options, maybe they just shoved so many god damned shares into options this week...
|
||||||
|
|
||||||
|
<https://www.optionsonar.com/unusual-option-activity/GME/latest-trades>
|
||||||
|
|
||||||
|
Well, nope, according the optionsonar this week isn't exceptional. No more deep ITM buys then we'd expect to see. So they didn't hide the shares and they didn't cover the shares. This argument is fucked.
|
||||||
|
|
||||||
|
ARGUMENT 2: *Hedge funds lie, they're just going to lie on this report.*
|
||||||
|
|
||||||
|
This argument is slightly more plausible but still doesn't cover it. I want to emphasis, these dates are married to the FTD cycle. The FTD cycle is the noose around the hedgies necks. The cycle is strangling their stupid asses out. If they could just cheat away their short positions, they'd have been doing that YEARS ago.
|
||||||
|
|
||||||
|
What's that I hear you saying over you bowl of cheerios with no milk? "Oh, but they're desperate now and trying desperate measures" They've been desperate since Feb when the dick parked behind them started inching into their asses. They've been doing everything they possibly can since at least Feb with no way out. If it was as simple as lying don't you think they would have tried that by now?
|
||||||
|
|
||||||
|
I don't want to tell you jack shit about me, who I am or what I do in the real world, but I do have personal experience on this front, I do know what I'm talking about. The SEC may have their thumbs up their asses but if you fuck the dog too much, they will have no choice but to prosecute you. You can stick a finger or two in, but when you go balls deep there will be consequences.
|
||||||
|
|
||||||
|
<https://www.ussc.gov/sites/default/files/pdf/research-and-publications/quick-facts/Securities_Fraud_FY19.pdf>
|
||||||
|
|
||||||
|
Fraud, actual fucking fraud, not the stupid ass bullshit people on here like to call fraud, but REAL fucking fraud gets the government wet. USDAs will jump on them, it's a slam dunk easy case, the government gets to collect a bunch of sweet cash from their restitution payments, probation offices get to toss them onto the low risk caseload and check in with them a couple times a year. Everyone on the federal side wins. Again, I don't want to say too much but I know what I'm talking about on this topic, these assholes get prosecuted, they get years of probation and sometimes small stints in prison. Worst of all, you lose your ability to EVER practice finance again. Scarlett letter, they're fucked.
|
||||||
|
|
||||||
|
So, they might push the envelope, they might fudge the numbers egregiously, but they wont erase 100 million shares and expect it not to get found.
|
||||||
|
|
||||||
|
Reports like those sent the FINRA are created with automated workflows. In order for them to fraudulently mark all of their synthetic shares as long a worker at the bottom of the barrel would have to have gone in and done it. Some programmer, trader, or middle manger would have knowingly put his career, his freedom, his family's security on the line. For what? So his job lasts a couple weeks longer? So his boss will give him a thumbs up? Fucking no, no one is that stupid. No one is going to gamble away their entire life for a couple more weeks at a paycheck or a good performance review.
|
||||||
|
|
||||||
|
If it were that simple, if cheating at that level were an option, they would already be doing it.
|
||||||
|
|
||||||
|
I'm running in circles here but this is the first time the price dropped from a settlement, not just didn't go up, fucking dropped by 40%. It was shorted to shit. This isn't Ken going in with some whiteout and a pen, there are dozens of people involved with this action and they aren't all going to sacrifice themselves for no god damned reason, especially when they could get a sweet whistleblower reward for reporting it.
|
||||||
|
|
||||||
|
ARGUMENT 3: They aren't going to cover.
|
||||||
|
|
||||||
|
When you rule out all the other possibilities, what you're left with is the only logical argument. These assholes are unable to or unwilling to cover the shares they need to.
|
||||||
|
|
||||||
|
Maybe the number of them is so egregious there is no point.
|
||||||
|
|
||||||
|
Maybe the move to the Russell 1000 on the 25th will make the entire exercise pointless.
|
||||||
|
|
||||||
|
Maybe there's too much scrutiny on them with the SEC finally investigating.
|
||||||
|
|
||||||
|
Who the fuck knows, all I know is, they didn't cover.
|
||||||
|
|
||||||
|
They didn't hide them all, they didn't sell them all, they aren't going to willingly go to jail, THEY'RE SURRENDERING whether intentional or not.
|
||||||
|
|
||||||
|
When the report gets published on the 25th, it will show all the shares they couldn't fudge or hide. It will show tens of thousands of shares. Not just 20%, it'll be 60% minimum, and it'll be just the tip of the iceberg. That number will only represent a couple weeks of shorting.
|
||||||
|
|
||||||
|
Blood in the water, the sharks will circle. This is massive.
|
||||||
|
|
||||||
|
Apes need to fucking see this. Everyone is crying over a little price dip while the god damned final blows are being struck.
|
||||||
|
|
||||||
|
You may downvote this again, spam accusations of Shill, but I'm not going to stop trying to get this topic to people's attention.
|
||||||
|
|
||||||
|
I'm done for now and will go back to a polite demeanor.
|
||||||
|
|
||||||
|
To all the apes who took the time to read, thank you!
|
@ -0,0 +1,12 @@
|
|||||||
|
06/02 UPDATE: Way above the exponential floor 🚀🚀🚀
|
||||||
|
====================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nquui8/0602_update_way_above_the_exponential_floor/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/ryp4ofioiw271.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/04 UPDATE: Still way above the exponential floor 🚀🚀🚀
|
||||||
|
==========================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsj7my/0604_update_still_way_above_the_exponential_floor/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/zvielkcaac371.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/07 UPDATE: Not really interesting this far from the exponential floor 🚀🚀🚀
|
||||||
|
===============================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/num016/0607_update_not_really_interesting_this_far_from/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/0dxe4bsnov371.png)
|
@ -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 +1,12 @@
|
|||||||
|
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, and that WE'RE STILL ON THE EXPONENTIAL JOURNEY TO THE MOON 🚀🚀🚀
|
||||||
|
=========================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwwy5x/0610_update_broke_the_logfloor_by_1_5_in_linear/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/i0rqu8v9uh471.png)
|
@ -0,0 +1,13 @@
|
|||||||
|
06/11 UPDATE: Needed to zoom in to see the details in the log chart, so I'm still confident in the exponential floor 🚀🚀🚀
|
||||||
|
===========================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxosug/0611_update_needed_to_zoom_in_to_see_the_details/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/lx80h8ntoo471.png)
|
||||||
|
|
@ -0,0 +1,12 @@
|
|||||||
|
06/14 UPDATE: Did share dilution shift the floor downwards? Is the exponential trend broken? Are the last few days just statistical outliers? Stay tuned through this weeks trading as we keep the current floor equation as-is while collecting more data. The truth is out there! 🚀🚀🚀
|
||||||
|
==========================================================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzvj68/0614_update_did_share_dilution_shift_the_floor/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/kvvoknwvda571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/15 UPDATE: Floor Guy's Log, Stonkdate 258. New floor pattern still inconclusive. Further analysis of new trading data needed to figure out what's going on. (Also, I may post a bit later than usual tomorrow due to work obligations) 🚀🚀🚀
|
||||||
|
================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0n6g1/0615_update_floor_guys_log_stonkdate_258_new/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/y3ratseoch571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/16 UPDATE: Floor Guy's Log, Stonkdate 259. Pretty much moving sideways the past 3 days. Locally it seams that b approaches zero. Is it a sign that the SHF's have given up like 1000 Cuts Guy proposed? We will learn more in the days to come 🚀🚀🚀
|
||||||
|
========================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o1fbhw/0616_update_floor_guys_log_stonkdate_259_pretty/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/2jqk2jmqyo571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/17 UPDATE: Some have been asking why I keep posting these charts. My rationale is that the daily low have been following a long predictable pattern in a similar manner as T+X and Elliot waves. This tells me that the daily low can somehow be used as a metric to gauge future price movements. 🚀🚀🚀
|
||||||
|
============================================================================================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o26ams/0617_update_some_have_been_asking_why_i_keep/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/q0asy32oqv571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
06/18 UPDATE: Floor Guy's Log, Stonkdate 261. Shout out to Sideways Trading Guy. 🚀🚀🚀
|
||||||
|
=======================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o2yv3g/0618_update_floor_guys_log_stonkdate_261_shout/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/0llen7now2671.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.*
|
@ -0,0 +1,142 @@
|
|||||||
|
All New 13F filings: data visualised for all major fund position changes and the new short players in GME
|
||||||
|
=========================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/broccaaa](https://www.reddit.com/user/broccaaa/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nev6po/all_new_13f_filings_data_visualised_for_all_major/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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: I posted this to make the data available to everyone and start discussions around the 13Fs. The reported numbers are a bit meh but I don't see this as being FUD. Despite some funds selling, price has been supported. SI% is still likely 200%+ but can't be seen in 13Fs. Shorts remain fukd.
|
||||||
|
|
||||||
|
Edit2: Updated the figures to not use scientific notation for the numbers, now in millions of shares.
|
||||||
|
|
||||||
|
Edit3: We now have data for Jane Street with massive increased put positions!! I also updated and improved clarity for all the figures.
|
||||||
|
|
||||||
|
This post takes the most recent 13F filings that were finally submitted today and compares them with the previous reported positions. I mostly focus on looking at changes for funds with large short positions (predominantly puts) but also include data in the plots for the long whales.
|
||||||
|
|
||||||
|
The new positions should be accurate up until March 31 2021 provided that the funds didn't fudge their filings expecting just a small 'cost of doing business' fine..[.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa)
|
||||||
|
|
||||||
|
I might have made some errors so let me know in the comments if I missed something.
|
||||||
|
|
||||||
|
*Note: some funds have not yet filed their updated 13Fs*. I'll edit the post and figures once these filings become available.
|
||||||
|
|
||||||
|
Intro and what we're looking for 'aka' show me the PUTs
|
||||||
|
|
||||||
|
Many DD posts have looked into different tricks to create naked shares using options. I previously wrote [a post describing the married put naked short selling trick](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) and [gathered as much data as I could to detect options fuckery in GME in 2021](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/).
|
||||||
|
|
||||||
|
The biggest evidence for naked short selling fuckery to my mind is the massive increase in open put interest at the end of Jan that coincides with decreases in reported short interest (SI%), FTDs and GME share price.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jy1dfqamkpz61.png?width=4500&format=png&auto=webp&s=7dc9264c12190d89d469e4a237ff37376405e3d7)
|
||||||
|
|
||||||
|
SI% and FTDs decreased at the end of Jan 2021 as a massive increase on open interest occurred for GME puts. This is suggestive of naked short selling options fuckery.
|
||||||
|
|
||||||
|
At the end of march open interest for GME puts was 1.29 Million contracts. This equals the equivalent of 129 Million shares. I checked this in 2 separate sources just to be sure. We should see close to 129 million shares in puts listed in the new 13Fs.
|
||||||
|
|
||||||
|
*So who dun goofed and bought all those puts??*
|
||||||
|
|
||||||
|
Major holdings for large short/long funds - Mar 31 2021
|
||||||
|
|
||||||
|
Here I've selected any firm that has at least 500K shares or 300K worth of shares in put/call options in the new filings. Any fund that has a large short position in PUTs is labelled as potentially short although more digging would be required to confirm for some of the funds.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/e5dkghleqvz61.png?width=5322&format=png&auto=webp&s=d420bb529bdbf39fcd7091c1270acf00a827d471)
|
||||||
|
|
||||||
|
Positions for Funds with large holdings in puts, calls or shares.
|
||||||
|
|
||||||
|
A number of the large long position holders have sold their stake in GME over recent months. Blackrock and Vanguard still hold significant positions. On the short side we have a number of the usual suspects plus some new funds with large put positions.
|
||||||
|
|
||||||
|
Total shares, put and call positions in recent 13F filings
|
||||||
|
|
||||||
|
This is a simple sum of all the shares reported by funds in the last two 13F filings separated out into shares, put or call positions.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vxo08agjqvz61.png?width=2164&format=png&auto=webp&s=4daee5a1ba94eb1e1221e5eeb77358e437da5aac)
|
||||||
|
|
||||||
|
Total summed positions across all funds in recent 13F filings.
|
||||||
|
|
||||||
|
We only see 25 million shares in puts reported fo far in the 13F filings. *Where are the other 100 Million that we know were held due to the open interest on March 31 2021??!?*
|
||||||
|
|
||||||
|
Large changes in positions from Dec 31 2020 to March 31 2021
|
||||||
|
|
||||||
|
This first plot show the positions for any fund with at least 500k shares or more than 300k shares in puts or calls at either time point.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa)
|
||||||
|
|
||||||
|
13F large fund positions for GME for the last 2 quarters.
|
||||||
|
|
||||||
|
We can see that some of the funds with medium to large holdings in GME shares have sold their positions in the last months. The big positions of Blackrock, Vanguard and RC Ventures remain the same. Changes and put/call positions can be seen easily from the lower 2 plots.
|
||||||
|
|
||||||
|
Note that Fidelity (*Fmr llc*) probably didn't sell their position. [u/Rehypothecator](https://www.reddit.com/u/Rehypothecator/) pointed out that Fidelity likely still has a vast number of shares but moved them to their mutual funds meaning they are no longer reported in the 13Fs.
|
||||||
|
|
||||||
|
The next figure shows all fund positions with a change of at least +/- 300k shares in either shares, puts or calls between time points.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1s0ps7utqvz61.png?width=4680&format=png&auto=webp&s=8d39021e5a0ecf950a6efac6078d40eeaeab664e)
|
||||||
|
|
||||||
|
Position changes for all funds with a change of at least 300k shares in either of the position types.
|
||||||
|
|
||||||
|
Observations from different funds
|
||||||
|
|
||||||
|
Short funds
|
||||||
|
|
||||||
|
*Citadel advisors llc* Increased their put position by more than 1 million shares this quarter. Less than we might have thought but as you'll see down below they seem to be coordinating with other funds (e.g. *Imc-chicago*). Citadel report selling off all their shares and increasing their put and call holdings.
|
||||||
|
|
||||||
|
*Susquehanna international group llp* similar situation to Citadel with more than 1 million new shares in puts, some additional call options and all of the shares they previously owned now sold.
|
||||||
|
|
||||||
|
*Melvin capital management lp* were the biggest GME losers in Jan. They reported 6 million shares in puts at the end of Dec 2020 suggesting a massive naked short position. Since then very little has been revealed about Melvin.
|
||||||
|
|
||||||
|
Edit: Melvin requested special permission to not disclose some of their positions (from a useful comment below):
|
||||||
|
|
||||||
|
> THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY 16, 2021, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CERTAIN HOLDINGS WERE VOLUNTARILY WITHDRAWN FROM THE CONFIDENTIAL TREATMENT REQUEST.
|
||||||
|
>
|
||||||
|
> <https://sec.report/Document/0000905718-21-000618/>
|
||||||
|
>
|
||||||
|
> Published: 2021-04-28 17:15:15
|
||||||
|
|
||||||
|
*Maplelane capital llc* was the second biggest loser to GME in January. They had a massive short position of 2 million shares held in puts at the end of 2020. In their new 13F they report that they sold all of their puts and now have zero exposure to GME.
|
||||||
|
|
||||||
|
*Imc-chicago llc* has a newly created options position with a massive 2 million shares in puts, 1 million shares in calls and zero actual GME shares. [*The designated market maker business of Imc-chicago llc is owned by Citadel after it was purchased at the end of 2020*](https://www.citadelsecurities.com/news/citadel-securities-expands-leading-dmm-business/). The change in position for this fund suggests that Citadel is using it as part of the naked shorting scam to hide FTDs and suppress price.
|
||||||
|
|
||||||
|
*Wolverine trading llc* has a similar short position as before at the end of 2020 with almost 2 million shares in puts. Given the number of expiry dates with huge numbers of put open interest expiry it is very likely that *Wolverine trading llc* opened up new contracts to maintain their short position. The below quote if from Lucy Komisar:
|
||||||
|
|
||||||
|
> In 2004, when new Reg SHO rules were being considered, *Wolverine trading llc* argued that market makers should not be required to cover shorts. It was adopted and known, after its author and prime proponent, as "The Madoff Exception."
|
||||||
|
>
|
||||||
|
> Later legal cases revealed that *Goldman Sachs* wrote to *Wolverine trading llc* saying, "[W]e will let you fail." We will let you fail violates SEC rules; it's illegal market manipulation. The email was obtained in discovery in 2011 in the Overstock legal case against conspiring broker-dealers. With the fraud impossible to refute, Goldman settled with Overstock for $20 million.
|
||||||
|
|
||||||
|
*Goldman sachs group inc* have been involved in multiple naked short selling law suits. Their new 13F filing shows that they sold most of their GME puts and shares but acquired about 30k more shares covered by call contracts.
|
||||||
|
|
||||||
|
*Jane street group llc* reports a massive 2.5 million shares in puts increase and 2 million shares in calls increase. Jane street reports that they hold more puts than Citadel.
|
||||||
|
|
||||||
|
*Ubs group ag* have cut back from a position of 4 million shares in puts at the end of 2020 down to about 1 million at the end of March 2021. Their position was definitely suspicious before but it seems like they are reducing their exposure to GME quite significantly.
|
||||||
|
|
||||||
|
*Citigroup inc* had a large position in GME calls/puts at the end of 2020 but appears to have reduced their GME exposure since.
|
||||||
|
|
||||||
|
*TACONIC CAPITAL ADVISORS LP* now owns half a million shares in puts without holding any actual shares. [Senior management at the company have a number of strong ties with Citadel employees](https://relationshipscience.com/person/clay-calhoon-3905596).
|
||||||
|
|
||||||
|
*PRELUDE CAPITAL MANAGEMENT, LLC* sold all of their 10k GME shares but is now short and owns 1.3 million shares in puts.
|
||||||
|
|
||||||
|
*NOMURA HOLDINGS INC*, *BLUEFIN CAPITAL MANAGEMENT, LLC* and *CAPTION MANAGEMENT, LLC* have each newly acquired approx. 200k shares in puts and 200k shares in calls. None of these funds have any meaningful amount of real shares. Possible married-put/reverse conversions here.
|
||||||
|
|
||||||
|
*GROUP ONE TRADING, L.P.* reduced their put position by approx. 1 million shares but remain short with 2.5 million shares in puts.
|
||||||
|
|
||||||
|
*SESSA CAPITAL IM, L.P.* has opened a new 1.8 million share put position. The have no shares or call options.
|
||||||
|
|
||||||
|
Long whales
|
||||||
|
|
||||||
|
Here I'll just list the funds with with 200k shares or more. DFV whale kinda size or bigger.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cvg4d183zuz61.png?width=784&format=png&auto=webp&s=b8dadb242fc92b31c897e59666c7829827c267fb)
|
||||||
|
|
||||||
|
Shares held and change in position for all funds with at least 300k in GME shares on March 31st 2021.
|
||||||
|
|
||||||
|
Conclusions
|
||||||
|
|
||||||
|
Looking through the 13Fs has been kinda odd. There were 130 Million shares in puts open on March 31st but only 30 Million reported in the 13Fs. Who else could have that many contracts if not the large funds reporting to the SEC?
|
||||||
|
|
||||||
|
Aside from that we did see a number of smaller long funds sell their GME stake in early 2021 but some others jumped in. Blockrock maintained their position. Vanguard added another 400k shares. [u/Rehypothecator](https://www.reddit.com/u/Rehypothecator/) pointed out that Fidelity likely still has a vast number of shares but moved them to their [mutual funds meaning they are no longer reported in the 13Fs](https://i.imgur.com/3MaFVXC.jpg).
|
||||||
|
|
||||||
|
The number of short funds appears to have increased with some more players entering with big put positions. Melvin requested special confidential treatment for some of their positions to the SEC which could explain why we don't see anything for them. Jane Street bought more than 2.5 million more shares in puts. Prelude and Sessa have bought in with more than 1 million shares in puts a piece. Citadel and Susquehanna have very similar positions to before. However, the Citadel owned *Imc-chicago llc* has a newly created options position with a massive 2 million shares in puts and nothing else.
|
||||||
|
|
||||||
|
Definitely some interesting details in these new 13Fs but no obvious smoking gun yet. *What happened to those extra 100 Million shares held in puts??*
|
||||||
|
|
||||||
|
Shorts didn't cover in Jan. Apes own the float.
|
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)
|
||||||
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|
||||||
|
A visualization of what you already assumed
|
||||||
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|
||||||
|
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)
|
||||||
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|
||||||
|
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:
|
||||||
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|
||||||
|
[](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?
|
||||||
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|
||||||
|
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)
|
||||||
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|
||||||
|
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
|
||||||
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|
||||||
|
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.
|
||||||
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|
||||||
|
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.
|
220
DD/2021-06-11-GME-Russell-1000-Rebalance-Day.md
Normal file
220
DD/2021-06-11-GME-Russell-1000-Rebalance-Day.md
Normal file
@ -0,0 +1,220 @@
|
|||||||
|
GME Russell 1000 Rebalance Day and T+21 and T+35: One Of The Highest Volume Days Of The Year. Every time any of the indices add or delete a stock, the funds must also buy or sell the stock.
|
||||||
|
=============================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/vierzehnter](https://www.reddit.com/user/vierzehnter/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxjvpg/gme_russell_1000_rebalance_day_and_t21_and_t35/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
*Edit 1: Coincidence or not, CNBC wants us to sell our shares in 2 weeks, a few days before rebalancing day:* [*If you're thinking of riding the next meme stock mania, be sure to sell in about 2 weeks*](https://www.cnbc.com/2021/06/09/if-youre-thinking-of-riding-the-next-meme-stock-mania-be-sure-to-sell-in-about-2-weeks.html)
|
||||||
|
|
||||||
|
~~*Edit 2: As far as I remember, a T+21 cycle finishes on June 24th right? Can somebody help me there?*~~
|
||||||
|
|
||||||
|
*Edit 3: Added information*
|
||||||
|
|
||||||
|
*Edit 4:* *T+21 falls on June 24. T+35 falls on June 28. Thanks to* [r/Throcked](https://www.reddit.com/r/Throcked/)
|
||||||
|
|
||||||
|
EDIT 5: I just learned that you can not change the title. ~~and T+21 and T+35~~
|
||||||
|
|
||||||
|
*Edit 6: This is my first time I put so much time in a post for this community. One thing I learned from this one is that I should only write about things that I can source, not things that I merely remember.* *I am very sorry for the confusion!*
|
||||||
|
|
||||||
|
*Edit 7: Added Information on stocks being added to the Russell 1000*
|
||||||
|
|
||||||
|
*Edit 8:* [*720B reverse repo might be due at the same time*](https://www.reddit.com/r/Superstonk/comments/nxtguc/bottom_of_page_4_seems_to_say_theres_720b_worth/)*, it's all adding up to the same date. See Edit 1. What is going to happen?*
|
||||||
|
|
||||||
|
*.*
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*We have seen a lot of posts about the highly possible migration of GameStop into the Russell 1000 Index.*
|
||||||
|
|
||||||
|
*I did my small DD and I wanted to share a bit of information with you. Please don't expect too much from this post, it's my first DD if you can call it that; maybe rather a compilation of free information I found on the internet. Please tell me if I make mistakes or if I should add something!*
|
||||||
|
|
||||||
|
Introduction: What is the Russell 1000?
|
||||||
|
|
||||||
|
The term Russell 1000 Index refers to a stock market index that is used as a benchmark by investors. It is a subset of the larger Russell 3000 Index and represents the 1000 top companies by market capitalization in the United States. The Russell 1000 is owned and operated by FTSE Russell Group, which is based in the United Kingdom. The Russell 1000 is considered a bellwether index for large-cap investing. [[1]](https://www.investopedia.com/terms/r/russell_1000index.asp)
|
||||||
|
|
||||||
|
FTSE Russell provides float-adjusted, market capitalization--weighted indexes for a precise picture of the market. Today, $9.1 trillion in assets are benchmarked to the Russell US indexes. [[2]](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf)
|
||||||
|
|
||||||
|
What does this have to do with GameStop?
|
||||||
|
|
||||||
|
*You may have heard: your favorite company GameStop will probably be moved into the Russell 1000. As of now, GameStop is in the Russell 2000 Index* [[3]](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf)*.*
|
||||||
|
|
||||||
|
An existing Russell 2000 index member would have had to have a total market cap exceeding $7.3 billion in order to move into the Russell 1000 index, she said.
|
||||||
|
|
||||||
|
Going by that, [...] GameStop and its $11.97 billion market cap would make it. [[4]](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html)
|
||||||
|
|
||||||
|
*As this PDF* [[5]](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) *shows, GameStop will be preliminary deleted from the Russell Microcap Index* [[6]](https://www.investopedia.com/terms/r/russell-microcap-index.asp).
|
||||||
|
|
||||||
|
2021 Index Reconstitution
|
||||||
|
|
||||||
|
Each year in May and June, the Russell Indexes release an updated list [[7]](https://www.ftserussell.com/resources/russell-reconstitution) of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. Many exchange-traded funds and mutual funds are constructed to track these indexes, so official index rebalances force these funds to transact large volumes of stocks that move in or out of the index. This drives major changes in demand for stocks, generating significant volatility. [[8]](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) [...]
|
||||||
|
|
||||||
|
*Check* [this](https://www.ftserussell.com/research-insights/russell-reconstitution/reconstitution-frequently-asked-questions) *page for frequently asked questions about the reconstruction.*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/dwvv41zzhn471.jpg?width=943&format=pjpg&auto=webp&s=59d53dc221aa6deb5808f69f671b531c99d84707)
|
||||||
|
|
||||||
|
2021 Reconstitution calendar for the Russell US Indexes [7]
|
||||||
|
|
||||||
|
*Today, June 11th, the mentioned preliminary lists was updated.*
|
||||||
|
|
||||||
|
What happens with stocks when they get added to indices?
|
||||||
|
|
||||||
|
*Zoom Video Communications, Inc. (ZM):* How Zoom zoomed into the Russell 1000 [[9]](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000)[...] After its IPO in April 2019, Zoom was evaluated for inclusion in Russell US Indexes during our June 2019 annual Russell reconstitution. The company met some Russell 1000 eligibility requirements---including a market cap in excess of $20 billion--- but fell short of the minimum voting rights hurdle. [...]
|
||||||
|
|
||||||
|
When Zoom eligibility was revisited in June 2020, it was a changed world in many respects---and very much a changed Zoom. The company's market cap had more than doubled to $46.8 billion, placing it well into Russell 1000 Index eligibility. [...]
|
||||||
|
|
||||||
|
Zoom's June 2020 addition to the Russell 1000 meant that it leapfrogged the Russell 2000, bypassing the initial step of many companies that later grow to become eligible for the Russell 1000. [...] And since its inclusion in the Russell 1000, Zoom's growth trajectory has continued. As shown below, as of September 30, 2020, the company's market cap has reached $132.5 billion and is now larger than the broader Russell 1000 dollar-weighted median market cap.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff)
|
||||||
|
|
||||||
|
ZM prices before and after Reconstruction Day 07/29/20
|
||||||
|
|
||||||
|
[](https://preview.redd.it/706rlrcykp471.jpg?width=855&format=pjpg&auto=webp&s=05b120a9d84af12b1cadc38c68802ad47b23c104)
|
||||||
|
|
||||||
|
u/onlyhereforthelmaos research on companies that moved from R2k to R1k [10,11]
|
||||||
|
|
||||||
|
[](https://preview.redd.it/i5kkcl2v8o471.jpg?width=1920&format=pjpg&auto=webp&s=b2de67bab2cba3ecd798bce50c27e2832b42a1ec)
|
||||||
|
|
||||||
|
TSLA price when it was added to S&P 500 12/21/20
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*(May 2020)* Tech stocks are expected to claim a greater presence in large-cap growth and value indexes, while industrials will shift to value from growth across market caps. [...]
|
||||||
|
|
||||||
|
For investors, the run-up to the rebalancing presents an opportunity to get ahead of some of the fund flows into and out of stocks that are joining or leaving the indexes.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lvyz7qob2t471.jpg?width=633&format=pjpg&auto=webp&s=a873a825572c753196ba14447a18b9c5fe03deee)
|
||||||
|
|
||||||
|
Buying and selling pressure of companies added/ leaving the Index
|
||||||
|
|
||||||
|
Private-equity firm KKR (ticker: KKR), for example, has cited Russell index inclusion in 2020 as a strategic priority. If added to the Russell 1000, KKR shares could see $644 million worth of buying pressure from exchange-traded funds and passive investors, equal to almost seven trading days of average volume for the stock, estimates Jefferies equity strategist Steven DeSanctis.
|
||||||
|
|
||||||
|
That is a lot of extra demand, but nowhere near what some thinly traded small-caps entering the Russell 2000 could see. DeSanctis points to ATCX, SWKH, and AUBN as among the shares that could have hundreds of times greater buying pressure than their average daily volumes.
|
||||||
|
|
||||||
|
Traders and hedge funds approach the rebalancing several months before with multiple strategies. The simplest is to buy the stocks that could get a boost from buying by ETFs and other passive investors, thanks to being reclassified into a more-popular index or having their relative weight increase. Ditto for shorting shares moving in the opposite direction. [[12]](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778)
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*Nobody fully knows what will happen with GME. But as* [u/dlauer](https://www.reddit.com/u/dlauer/) *states* [here](https://www.reddit.com/r/Superstonk/comments/nvnslz/have_we_downplayed_the_importance_of_gme_entering/h15susc/?context=3)*, "the announcement is usually bullish because it adds buying pressure."*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/l7hu03ruin471.jpg?width=712&format=pjpg&auto=webp&s=3f3957884f89ee1679388ad9bfbb05d82792e08a)
|
||||||
|
|
||||||
|
u/dlauer on Russell Rebalance Day
|
||||||
|
|
||||||
|
The annual reconstitution is one of the most significant drivers of short-term shifts in supply and demand for US equities, often leading to sizable price movements and volatility in individual company names or industry sectors. The final day of the reconstitution is typically one of the highest trading-volume days of the year in US equity markets.
|
||||||
|
|
||||||
|
[...] Similarly, it can create opportunities for investors seeking to benefit from the price moves which may be created from the reconstitution.
|
||||||
|
|
||||||
|
Countless ETFs, mutual funds, and managed asset programs mirror the composition of the Russell US Indexes in their investment funds, structured products, and index-based derivatives. With close to 70% of actively-managed institutional US equity assets currently benchmarked to a Russell Index, changes to index composition are apt to reverberate widely across the market. [[13]](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html)
|
||||||
|
|
||||||
|
Index funds make up a substantial percentage of the daily trading in the stock market. The S&P 500 ETF [...] trade billions of dollars each day, and every time any of the indices add or delete a stock, the funds must also buy or sell the stock. This can create some large moves for the stocks involved and can be an interesting source of volatility for traders.
|
||||||
|
|
||||||
|
At the close on June 25, 2021, the Russell indices will be rebalanced. [...] Thousands of stocks are impacted by what Russell calls its 'reconstitution.' Typically the day on which the reconstitution is down is one of the highest volume days of the year as a slew of huge blocks are transferred to various index funds. [[14]](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149)
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
[Here](https://www.etfchannel.com/type/most-shorted-etfs/) *you can see the most heavily shorted ETFs. 0.44% of IWM is GME; it's #6 with 43.48% Short Interest.* [*[15]*](https://www.etfchannel.com/type/most-shorted-etfs/)
|
||||||
|
|
||||||
|
*As far as I understand, FTSE Russell shared on May 7th already that GME would move into the Russell 1000, but eversince then, we have seen posts of shorties heavily shorting some ETFs, yesterday and today.*
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*Shoutout to* [u/gooseears](https://www.reddit.com/u/gooseears/):
|
||||||
|
|
||||||
|
I think people are confusing what can force someone to cover their shorts. No one can directly make anyone cover their shorts directly. As long as they have their margin requirements covered, they can keep those positions open. In fact, the lenders want those positions open as long as possible to make dat interest off it.
|
||||||
|
|
||||||
|
BUT, when the ETFs rebalance and there is a load of volatility, this COULD cause GME to skyrocket in price due to the potential buying pressure, which COULD lead to margin calls which COULD lead to force liquidations to cover open short positions.
|
||||||
|
|
||||||
|
Notice the word "could" each time. This is a series of possible events that could lead to the squeeze. But don't think this is a certain date. As always, no dates. Anything could happen on that day. [[16]](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3)
|
||||||
|
|
||||||
|
*TL;DR:*
|
||||||
|
|
||||||
|
*GME is very likely to move from the Russell 2000 to the Russell 1000 Index. Rebalancing is happening right now,* *the newly reconstituted indexes take effect after the market close on June 25, data will be published on Monday, June 28 when the Russell Reconstitution takes effect and the newly reconstituted indexes begin to operate.*
|
||||||
|
|
||||||
|
*One can not say what will happen with the GME price. Typically, index rebalancing day one of the highest volume days of the year.* W*hat we do know is that someone big is going to have to buy shares, and they will likely have some impact on the trading.*
|
||||||
|
|
||||||
|
~~*Fun fact: As you have read in the title, T+21 and T+35 both land on the same day, two days before the Russell indices rebalance.*~~
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
[[1] https://www.investopedia.com/terms/r/russell_1000index.asp](https://www.investopedia.com/terms/r/russell_1000index.asp)
|
||||||
|
|
||||||
|
[[2] https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf)
|
||||||
|
|
||||||
|
[[3] https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf)
|
||||||
|
|
||||||
|
[[4] https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html)
|
||||||
|
|
||||||
|
[[5] https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf)
|
||||||
|
|
||||||
|
[[6] https://www.investopedia.com/terms/r/russell-microcap-index.asp](https://www.investopedia.com/terms/r/russell-microcap-index.asp)
|
||||||
|
|
||||||
|
[[7] https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution)
|
||||||
|
|
||||||
|
[[8] https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp)
|
||||||
|
|
||||||
|
[[9] https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000)
|
||||||
|
|
||||||
|
[[10] 'Gen Z' comes to Russell 1000 Index as Russell Rebalance nears (2019)](https://www.ftserussell.com/blogs/gen-z-comes-russell-1000-index-russell-rebalance-nears)
|
||||||
|
|
||||||
|
[[11] Stocks in the Russell 1000 Index](https://stockmarketmba.com/stocksintherussell1000.php)
|
||||||
|
|
||||||
|
[[12] ](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778)<https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778>
|
||||||
|
|
||||||
|
[[13] https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html)
|
||||||
|
|
||||||
|
[[14] https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149)
|
||||||
|
|
||||||
|
[[15] https://www.etfchannel.com/type/most-shorted-etfs/](https://www.etfchannel.com/type/most-shorted-etfs/)
|
||||||
|
|
||||||
|
[[16] https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3)
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*HERE ARE SOME GREAT FOLLOW UP LINKS:*
|
||||||
|
|
||||||
|
[No matter what the price is, Gamestop should be upgraded to the Russell 1000 index on June 28th](https://www.reddit.com/r/Superstonk/comments/nwvyfg/no_matter_what_the_price_is_gamestop_should_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[FTSE Russell begins 33rd annual Russell US Indexes Reconstitution](https://www.ftserussell.com/press/ftse-russell-begins-33rd-annual-russell-us-indexes-reconstitution)
|
||||||
|
|
||||||
|
[Russell 1000: Many poorly researched or purely speculative DD today about this. Here is the actual DATA and explanation of what impact the reconstitution is likely to have.](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/)
|
||||||
|
|
||||||
|
[S&P 500 index inclusion (follow-up to my Russell 1000 DD yesterday): A potential CATALYST that is surprisingly *very* close...and which SHFs are powerless to prevent!](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)
|
||||||
|
|
||||||
|
[Ape Andy shares about GME into Russel 1000 from Russell 2000](https://www.youtube.com/watch?v=SCxZpkfW-P8)
|
||||||
|
|
||||||
|
- *He explains that end of June when there is a rebalancing that all shorted Russel 200 ETFs containing GME need to be closed, meaning there will be buying pressure. Andy also mentions that the Russel 2000 ETFs are shorted 500%.*
|
||||||
|
|
||||||
|
*.*
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*and... just putting this here:* [*https://www.gmefloor.com/*](https://www.gmefloor.com/)
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
.
|
||||||
|
|
||||||
|
*I am not a financial advisor. I am just compiling some information I found on the internet. But please let me give you one advice: Buckle the f*ck up.*
|
||||||
|
|
||||||
|
*I love you.*
|
216
DD/2021-06-12-Revisiting-Net-Capital-and-T+21-Loops.md
Normal file
216
DD/2021-06-12-Revisiting-Net-Capital-and-T+21-Loops.md
Normal file
@ -0,0 +1,216 @@
|
|||||||
|
A revisit to Net Capital. What is truly driving these T+21 loops, the March and June gamma runs, and how skyrocketing ETF FTDs might cause big price movements in the coming weeks.
|
||||||
|
===================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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
|
||||||
|
|
||||||
|
Well well, I think it's time to revisit an old topic. Net Capital. I posted about this in the past and for some reason gave up on it. I can now provide counter DD to my own T+21/T+35 theory.
|
||||||
|
|
||||||
|
Remember - I am not a financial advisor and I do not provide financial advice! Everything in here is based on research and discussion with others on the topics. As always, do your own research and criticize. Take my opinions with a grain of salt.
|
||||||
|
|
||||||
|
Wanting to revisit the Net Capital topic was a few things. There were posts about ETF FTDs spiking severely as of May 12th - even more than the highest peaks of January. I had my own doubts over time of how we could possibly have multiple cycles overlapping, when it felt more like there would be only a single cycle. And of course, some people commented and/or posted counter DD! Which I think is awesome, it's always good to provide counter DD.
|
||||||
|
|
||||||
|
Kenny and his gang love to continue digging a hole for themselves - while the whole financial world tries desperately to contain this potential market crash from coming to fruition.
|
||||||
|
|
||||||
|
GME shorts and Reverse Repo Market go brrrrrrrr.
|
||||||
|
|
||||||
|
TLDR: Sorry I'm too lazy right now. About to post this and go to sleep. 😎
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p9ruup81br471.png?width=1016&format=png&auto=webp&s=459845688e21d10000f45ba7e81c9de8a6839321)
|
||||||
|
|
||||||
|
Kenny And The Boys
|
||||||
|
|
||||||
|
My previous post about [Net Capital](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) was thinking that we'd see significant price movement T+14 days after April 16th options expirations. That didn't happen, so I tossed it out of the window. (Criand, you dumb bitch)
|
||||||
|
|
||||||
|
Which then led me down the path of the [T+21 Loop Missing Link](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). It got pretty popular. It's the whole T+21/T+35 conjunction theory that occurred May 24th and May 25th. While it definitely appears to be right, I have been doubting it ever since May 24th. Especially after a courageous ape [u/dentisttft](https://www.reddit.com/u/dentisttft/) posted the [Counter DD to T+21](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/) theory. T+35 (May 24th) didn't have significant enough price movement. If it truly was a new T+35 initiating a loop, then it should have exploded up in price on May\
|
||||||
|
24th. And for that, I think it's time to put that theory to bed.
|
||||||
|
|
||||||
|
The counter DD that [/u/dentisttft](https://www.reddit.com/u/dentisttft/) posted is excellent and you should definitely take a look. If my post is wrong, [/u/dentisttft](https://www.reddit.com/u/dentisttft/) still proposes another possibility: that T+35 from the FTD spike could initiate buy pressure around June 17th.
|
||||||
|
|
||||||
|
Ever since the counter DD, I decided to revisit Net Capital since that is what [/u/keijikage](https://www.reddit.com/u/keijikage/) brought to my attention so many weeks ago. Very smart guy by the way! Always very knowledgeable and provides amazing discussion!
|
||||||
|
|
||||||
|
Looking back on Net Capital now, especially with the ETF FTD spike that occurred on May 12th, it might finally paint the picture as to what has been going on this whole time with the "T+21 cycle", the March Gamma Ramp, and the June Gamma Ramp.
|
||||||
|
|
||||||
|
1\. GME FTDs, ETF FTDs, Massive Resurgence Started May 12
|
||||||
|
|
||||||
|
First, I want to discuss ETF FTDs, as something absolutely wild occurred in May. Note that we do not have the full months FTD data yet. The SEC releases the data in first half and second half of the month reports. So, it cuts off quite conveniently when FTDs began to go haywire.
|
||||||
|
|
||||||
|
For a while now it's been theorized ([with some pretty damn good evidence](https://www.reddit.com/r/Superstonk/comments/nrpjle/almost_1b_ftd_on_may_14th_between_gme_and/)) that ETFs containing GME have been heavily shorted. Supposedly they will short the ETF, buy up all of the other stocks in the ETF that were shorted, but leave GME alone. There's a net 0 effect on the other stocks but a net short on GME. This then starts to cause ETF FTD anomalies which they also try to suppress, but they can't hide forever. Because it appears that as of May 12th, these FTDs have begun to spill out of hiding.
|
||||||
|
|
||||||
|
[u/basketas87](https://www.reddit.com/u/basketas87/) posted about this surge of ETF FTDs in "[New data shows a large increase of ETF FTDs](https://www.reddit.com/r/DDintoGME/comments/nx013v/new_data_shows_a_large_increase_of_etf_ftds/)":
|
||||||
|
|
||||||
|
[](https://preview.redd.it/h7iq2v4njq471.png?width=1122&format=png&auto=webp&s=b4fbbca80002197058a20c5d8654e08ba8b4dbae)
|
||||||
|
|
||||||
|
GME Price Vs. GME FTDs and ETF FTDs (which contain GME); Source: /u/basketas87
|
||||||
|
|
||||||
|
You can immediately see the ETF FTDs absolutely SKYROCKETED just before the cutoff of the SEC FTD bi-monthly report. We don't even know how high this has gone in the following days or if its come crashing back down. Remember - these are aggregate. We don't sum up the FTDs between dates. Whatever the number is upon a date is the current total of FTDs reported.
|
||||||
|
|
||||||
|
For a date-by-date tracking for these FTDs between January and the end of March, [/u/broccaaa](https://www.reddit.com/u/broccaaa/) provided an excellent chart in "[The naked shorting scam using ETFs: mass shifting of FTDs from GME to 20+ ETFs & 27+ billion dollars still owed in remaining SI](https://www.reddit.com/r/DDintoGME/comments/n1x75w/the_naked_shorting_scam_using_etfs_mass_shifting/)". This gives us an easier look at the exact dates when FTDs spiked earlier in the year.
|
||||||
|
|
||||||
|
> I selected GME and 19 ETFs containing GME. I chose to only look at the ETFs that contain the most GME shares and had large numbers of FTDs in 2021. - [/u/broccaaa](https://www.reddit.com/u/broccaaa/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/choe9jjris471.png?width=1709&format=png&auto=webp&s=3e907654b1e054734098c010839ec5ad07ab0633)
|
||||||
|
|
||||||
|
Aggregate FTDs for GME; GME and ETFs; Source: /u/broccaaa
|
||||||
|
|
||||||
|
Some notable aggregate FTD dates from this chart:
|
||||||
|
|
||||||
|
1. January 29th
|
||||||
|
|
||||||
|
2. February 2nd
|
||||||
|
|
||||||
|
3. February 18th
|
||||||
|
|
||||||
|
And of course, the latest absolutely insane May 12th. Once again, we don't even know what the FTD numbers are for the second half of May. It could very well be much higher.
|
||||||
|
|
||||||
|
2\. Net Capital And Market Makers; Citadel's Can-Kicked Bag
|
||||||
|
|
||||||
|
Net Capital is detailed out [in this post](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) but I will do a quick summary. It revolves around [Net Capital Requirements For Brokers or Dealers - 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1):
|
||||||
|
|
||||||
|
> ...is designed to ensure that a broker-dealer holds, at all times, more than one dollar of highly liquid assets for each dollar of liabilities (e.g., money owed to customers and counterparties), excluding liabilities that are subordinated to all other creditors by contractual agreement. The premise underlying the net capital rule is that if a broker-dealer fails, it should be in a position to meet all unsubordinated obligations to customers and counterparties and generate resources sufficient to wind down its operations in an orderly manner without the need of a formal proceeding...\
|
||||||
|
> ...A broker-dealer must ensure that its actual net capital exceeds its required minimum net capital at all times. - [Source](https://www.mercatus.org/system/files/peirce_reframing_ch6.pdf)
|
||||||
|
|
||||||
|
Or in other words, you must have enough capital to not be "margin-called". In this case, Citadel is a prime victim to this rule as they are a Market Maker and must sustain enough net capital to not go bust. If they do not, they're a risk to their customers and counterparties. This rule tries to ensure that they have enough money to pay up in the event of a default.
|
||||||
|
|
||||||
|
The very interesting part of this rule comes down to how they're calculating Net Capital in regards to short securities:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jzzkxo2qsq471.png?width=1311&format=png&auto=webp&s=9b26ce9297defa1c10492f9d1e2b2c6a1bc07252)
|
||||||
|
|
||||||
|
Net Capital Rule; Short Securities Deduction From Net Capital Per "Days After Discovery"
|
||||||
|
|
||||||
|
What this basically means is that after the short security difference is found to be unresolved after discovery (think FTD popping up is the "discovery"), then it's going to slowly start eating away at their net capital the longer it remains unresolved/undelivered:
|
||||||
|
|
||||||
|
- Day 0 after discovery = 0% of the unresolved short security is calculated into their net capital
|
||||||
|
|
||||||
|
- Day 7 after discovery = 25% of the unresolved short security is calculated into their net capital
|
||||||
|
|
||||||
|
- Day 14 after discovery = 50% of the unresolved short security is calculated into their net capital
|
||||||
|
|
||||||
|
- Day 21 after discovery = 75% of the unresolved short security is calculated into their net capital
|
||||||
|
|
||||||
|
- Day 28 after discovery = 100% of the unresolved short security is calculated into their net capital
|
||||||
|
|
||||||
|
When you have these debts accounted for into your net capital, it is taking away that value, because it is a short difference you owe. As the days go by, net capital starts chunking down. So, if you have a rather large short security difference discovered one day (such as May 12th) then you want to resolve it quickly or risk defaulting.
|
||||||
|
|
||||||
|
Do you find a way to stuff the unresolved shorts back under the rug? Do you deliver and force buy-ins? Both? That appears to be the loop they've been stuck in, which slowly bumps the price floor upward.
|
||||||
|
|
||||||
|
You'll notice that there's a familiar number in there. Day 21. T+21? Oooh. Tasty. Here we go.
|
||||||
|
|
||||||
|
The total timeframe for Net Capital is [28 days](https://www.youtube.com/watch?v=ST2H8FWDvEA), but Citadel most likely cannot allow the Net Capital threshold to go past 75%. They must kick-the-can and force buy-ins on or before T+7, T+14, T+21 but complete the entire process by the net 75% threshold of T+21. They can't risk it going to 100% or else they'll most likely default.
|
||||||
|
|
||||||
|
Wham, bam, the T+21 loop ignites itself continuously.
|
||||||
|
|
||||||
|
3\. Plotting The Net Capital Loop - The Counter of T+21 and T+35
|
||||||
|
|
||||||
|
The major option dates still play a big role. But I don't think T+35 theory is what's really applying here.
|
||||||
|
|
||||||
|
What are "major options"? These are the only options that were available for the year 2021 back in early 2020. These are the option dates that were most likely opened up initially by shorters at the start of COVID. Perfect time to place bets and start their kill shot on GameStop:
|
||||||
|
|
||||||
|
- January 15, 2021
|
||||||
|
|
||||||
|
- April 16, 2021
|
||||||
|
|
||||||
|
- July 16, 2021
|
||||||
|
|
||||||
|
Upon expiration, unrealized losses now became realized losses, and their overall capital receives a dent. It most likely gets harder to hide FTDs and hide them under the rug.
|
||||||
|
|
||||||
|
You know the most curious thing?
|
||||||
|
|
||||||
|
Posts about Citadel working the night-shift started just after April 16th options expirations.
|
||||||
|
|
||||||
|
That's also right around when Bank of America shut down a bunch of their locations. I won't buy their excuses. Bank of America looks like they're a bag holder and is freaking out too.
|
||||||
|
|
||||||
|
Something big had to of happened as of April 16th, and it's most likely that they had a huge dent in their capital that is now causing a slow bleed-out of FTDs that they've hidden, which then must be satisfied within the Net Capital timeframe of T+7, T+14, T+21, T+28, or else they can go net negative and default.
|
||||||
|
|
||||||
|
And of course, following April 16 options expirations, the ETF FTDs start to skyrocket on May 12th. My main intuition is that they were unable to hide these any more and they have started to spill out. Ruh-roh.
|
||||||
|
|
||||||
|
First, I'll plot out the T+21 Net Capital loop so that it isn't too cluttered:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7)
|
||||||
|
|
||||||
|
Plotted Net Capital "T+21" Cycle, December 22 to July 26
|
||||||
|
|
||||||
|
Upon December 22, the clock starts ticking. It's possible that at this point the price was too high for them to NOT worry about Net Capital any more, and they had to start can-kicking and forced buy-ins.
|
||||||
|
|
||||||
|
Each loop is separated T+21 because it appears that they cannot sustain higher than the 75% threshold each time. You can see the T+21 loop we're familiar with, starting December 22, and then traveling through January 25, February 24, March 25, April 26, May 25. And potentially continuing on to June 24 and July 26. [The next two dates if any apes are curious].
|
||||||
|
|
||||||
|
To get a closer look of the potential effects of the various Threshold amounts (T+7 (25%), T+14 (50%), T+21 (75%)) I've zoomed in on March 25th to May 25th. ENHANCE!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p6q5gox9fs471.png?width=1438&format=png&auto=webp&s=4da6c3ed2e8547ccd755b95ee895be235cbf9d44)
|
||||||
|
|
||||||
|
Plotted Net Capital "T+21" Cycle, March 25 to May 25, Price Spikes Prior to Each Threshold (T+7, T+14) Date
|
||||||
|
|
||||||
|
In the above it's unlikely but there is a chance that they have too many FTDs to shuffle around by the time Net Capital 25% (T+7) Threshold hits. This could initiate some buy-in pressure on or before that date, typically the day before, as outlined in the light green circle. The day before because they don't want those positions to be 50% upon the next day. They must be resolved BEFORE.
|
||||||
|
|
||||||
|
It is also unlikely but a greater chance that they have too many FTDs to shuffle around by the time Net Capital 50% (T+14) Threshold hits. This again could initiate some buy-in pressure on or before that date, typically the day before, as outlined in the blue circle.
|
||||||
|
|
||||||
|
And of course upon Net Capital 75% (T+21) Threshold, they must complete their rug-hiding and/or buy-ins to avoid going Net Negative. It is possible that the rug-hiding and buy-ins are in conjunction with one another, slowly increasing the price floor, and that between each threshold they try to short the stock more to push down the price.
|
||||||
|
|
||||||
|
Looping back to Section 1 when we identified the major FTD dates:
|
||||||
|
|
||||||
|
1. January 29th
|
||||||
|
|
||||||
|
2. February 2nd
|
||||||
|
|
||||||
|
3. February 18th
|
||||||
|
|
||||||
|
4. May 12th
|
||||||
|
|
||||||
|
There's a potential relationship to be seen with these insane FTD dates. Now this chart I'm about to show is highly speculative. I'm unsure if the Net Capital loop initiates upon the FTD spikes (though it certainly should, per Net Capital rule, because that would be when they are "discovered").
|
||||||
|
|
||||||
|
I say I'm unsure because I only see one data point here so far and somewhat of a second data point from the price run-up we've been seeing the past few days.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/424mtt66sq471.png?width=1433&format=png&auto=webp&s=7b11bb6a0a8f06bafb2471e7dfc0b64c90f1cb1a)
|
||||||
|
|
||||||
|
Plotted Net Capital "T+21" Cycle, December 22 to July 26, and FTD Spike Relationship
|
||||||
|
|
||||||
|
In the above picture, look at January 29th's FTD spike. Plotting the full 28 days of Net Capital out where 100% of the debts would be accounted for, that lands it on March 11th. They want to resolve this before March 11th, while the debts are still 75% accounted for. Remember that date? March 10th? I sure do. This could be why we saw the price spike, and why T+35 is incorrect in theory. But, it appears the major option dates still play a role, because of the May 12th FTD spike that just occurred, which followed April 16th options. Likewise, the January 15th options may have initiated the FTD spikes around January 29th and February 2nd.
|
||||||
|
|
||||||
|
If the same situation occurs due to the May 12th FTDs, then plotting out the full 28 days of Net Capital lands us on June 22nd. If these FTDs initiated Net Capital T+0 upon May 12th, then things could get crazy on or before June 22nd.
|
||||||
|
|
||||||
|
It is very possible that the run-up from May 25th to June 8th was all due to this new set of FTDs, and they had to start buy-ins on or before T+14 and T+21 from May 12th due to the sheer amount of unresolved shorts that were eating away at their Net Capital. If the FTDs aren't fully hidden again or all the buy-ins aren't complete, there's still T+28 to look towards, which lands on June 22nd. They would need to hide these FTDs again and/or buy-in on or before June 22nd. This would keep in line with the March 10th squeeze.
|
||||||
|
|
||||||
|
This could also very well explain what was going on with AMC. (Don't freak out on me yet, I love looking at AMC because it's very good analysis to track. It's been following the same exact T+21 pattern as GME)
|
||||||
|
|
||||||
|
4\. AMC Behavior - Given Up On By Shorts? Too Expensive To Juggle With GME?
|
||||||
|
|
||||||
|
AMC has gone on an absolute RUN. It increased nearly 70% in one day. Take a look at the following chart now that you know about Net Capital and the different T+7, T+14, T+21, T+28 Thresholds:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xn0tukmw4r471.png?width=1434&format=png&auto=webp&s=a679b5628fd370944ba680b6de0bf5e6dcadd35a)
|
||||||
|
|
||||||
|
AMC Behavior from May 12th to June 24th
|
||||||
|
|
||||||
|
Damn. Did they just GIVE UP on AMC and decide that it's too much to deal with? Do they not have enough capital to deal with both GME and AMC (and possibly other short meme stocks)? I think so, because this lines up quite well. They had to fix Net Capital for AMC by T+7 (25%) Threshold on June 4th probably because it was too expensive to handle alongside GME, and GME is the one they really need to keep their ammo for.
|
||||||
|
|
||||||
|
Between T+7 and T+14, they of course short some more, trying to pull the price down in preparation of the next Threshold cycle of T+14, which will probably cause an equivalent or greater amount of buy-ins. This lands on... June 15th. And if it's like previous cycles, that would imply that they want to do the buy-ins by June 14th (next Monday) to avoid those unresolved shorts hitting the next threshold amount. Big price spike coming again?
|
||||||
|
|
||||||
|
Even then, the current T+21 cycle isn't over. The threshold of 75% doesn't land until June 24th, where things very likely will continue to spike upward with an equivalent or greater spike of the run before T+7 (25%) Threshold.
|
||||||
|
|
||||||
|
I truly think that they've put all of their effort into containing GME and have more or less "given up" on AMC because it's not as big of a deal to them. That's why it's mooning like crazy while GME is taking a little time to wake up.
|
||||||
|
|
||||||
|
5\. GME Behavior - Shorts Holding On As Long As They Can
|
||||||
|
|
||||||
|
With the same exact timeframe of AMC, let's finally look at GME and the current cycle going on. The ETF FTDs from May 12th line up T+28 (100% Net Capital Threshold) on June 22nd. Again, if the Net Capital loop initiated upon that FTD spike, then things could get absolutely wild on or just before June 22nd.
|
||||||
|
|
||||||
|
Otherwise, it might just be the standard T+21 Net Capital loop, which has that extra pressure from the ETF FTDs, where the Net Capital loop initiated on May 25th, and ends on June 24th.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p3yueytz4r471.png?width=1441&format=png&auto=webp&s=48a0f3e70ac922a345e5b58c0219bd1470dff2ab)
|
||||||
|
|
||||||
|
GME Behavior from May 12th to June 24th
|
||||||
|
|
||||||
|
By the time of T+7 (25% Threshold), it appears that they really needed to apply some buy-ins, and the price started to rise quite significantly. Just like AMC, but not as extreme, because they want to put all of their energy into keeping this bad boy from popping off.
|
||||||
|
|
||||||
|
Once again... take a look when T+14 (50% Threshold) will hit. June 15th. From the above analysis, the buy-ins would occur on or before this threshold date, typically right before. Know where that lands? Next Monday. June 14th.
|
||||||
|
|
||||||
|
It's possible that they won't be able to sustain to the 75% threshold any more, but now must sustain the 50% threshold of T+14 where they need to resolve their unresolved shorts by.
|
||||||
|
|
||||||
|
Maybe there will be a big price spike next Monday. Otherwise, keep an eye out for the T+28 date of the ETF FTDs, landing June 22nd, or the original T+21 date, landing June 24th.
|
||||||
|
|
||||||
|
I believe we're also waiting for the Russell 1000 change the week of June 24th. ;)
|
@ -0,0 +1,140 @@
|
|||||||
|
I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802
|
||||||
|
================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/con101smd](https://www.reddit.com/user/con101smd/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
A very tiny bit about my backround.
|
||||||
|
|
||||||
|
I worked in private banking and savings and investments for a big bank in the UK and then moved to a competitor in which I worked in ISA investments for some time.
|
||||||
|
|
||||||
|
I have always been entrepenuerial and have for the last few years been out on my own having had enough of banking I ended up getting into GPU mining and running passive incomes through PoW mining and then PoS mining (this is relevent bare with me)
|
||||||
|
|
||||||
|
So currently I mine crypto into my ewallet portfolio and then I run my stocks and shares portfolio.
|
||||||
|
|
||||||
|
In crypto you have 2 ways to create it.
|
||||||
|
|
||||||
|
1: PoW - Proof of work mining.
|
||||||
|
|
||||||
|
This is the physical eletric consuming hardware route. You use this method to unlock the next block in the blockchain (the B coin and the E coin)
|
||||||
|
|
||||||
|
2\. PoS - Proof of stake (Staking)
|
||||||
|
|
||||||
|
(now this is important)
|
||||||
|
|
||||||
|
This is DeFi - Decentralized Finance.
|
||||||
|
|
||||||
|
This is a non physical way of creating crypto and it is based around the fundamentals that if you stake your asset, you add your funds to a giant liquidity pool in which the more funds in it, the easier the flow of transactions in and out to bounce off other curriences against it. In short you get paid handsomely to be an automatic market maker through whats called 'smart contracts'
|
||||||
|
|
||||||
|
In return for staking your money in these liquidity pools you are paid a live constantly rolling interest payment that works out on average maybe 100% per annum. These interest payments can be capitalized and compounded in your intial investment.
|
||||||
|
|
||||||
|
In other words, whilst you buy and hold a crypto, you are earning a constant high yielding dividend payment on it and still have the ability to move funds in and out without any hinderence or clauses.
|
||||||
|
|
||||||
|
there are several DeFi platforms that are popular like:
|
||||||
|
|
||||||
|
PANCAKE SWAP <https://coinmarketcap.com/currencies/pancakeswap/>
|
||||||
|
|
||||||
|
and
|
||||||
|
|
||||||
|
UNI SWAP <https://coinmarketcap.com/currencies/uniswap/>
|
||||||
|
|
||||||
|
SO YOURE WONDERING RIGHT NOW WHY IN THE FUCK AM I TALKING CRYPTO ON SUPERSTONK?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0xii24b9a2571.png?width=2000&format=png&auto=webp&s=7cac90e8e601f9391df0ba1196ba5bc6612dd120)
|
||||||
|
|
||||||
|
I see what your at Kenny, I se ya buddy
|
||||||
|
|
||||||
|
When the filing: SR-NSCC-2021-802 was posted I can remember at the time hearing grumblings about crypto not being accepted as liquidity on balance books but had never considered its ramifications.
|
||||||
|
|
||||||
|
please find below some of my findings.
|
||||||
|
|
||||||
|
on page 14 of SR-NSCC-2021-802 April 29, 2021
|
||||||
|
|
||||||
|
[](https://preview.redd.it/se13ie46a2571.png?width=746&format=png&auto=webp&s=9912fa13f4fdcffd7b0d65a1529d41a9bb15f4f0)
|
||||||
|
|
||||||
|
https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf PG 14
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ooadzkjz92571.png?width=742&format=png&auto=webp&s=b63eabf13080da8d41024afd8320cff7edda69f3)
|
||||||
|
|
||||||
|
https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf PG 14
|
||||||
|
|
||||||
|
So in the NSCC filing it defines that the only acceptable form of 'qualifying liquid resources' to include, among other things, lines of credit without material adverse change provisions, that are readily available and convertible into cash.
|
||||||
|
|
||||||
|
Now this filing was on april 29th and had 5 business days to be enacted.
|
||||||
|
|
||||||
|
This takes us to May 4th.
|
||||||
|
|
||||||
|
Remember me randomly talking about DeFi UNI SWAP AND PANCAKE SWAP?
|
||||||
|
|
||||||
|
Well have a look at this.........
|
||||||
|
|
||||||
|
[](https://preview.redd.it/knp62xbl92571.png?width=975&format=png&auto=webp&s=b6fbf88630618801c8eff7634e4c7937e996f961)
|
||||||
|
|
||||||
|
https://coinmarketcap.com/currencies/pancakeswap/
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9qjsb3vn92571.png?width=963&format=png&auto=webp&s=52a252ca5d1e66ca6b25a64d0a3a5fa2d54eca21)
|
||||||
|
|
||||||
|
https://coinmarketcap.com/currencies/uniswap/
|
||||||
|
|
||||||
|
you can see volume increases similar to short sold volume on GME : every spike in volume relates to a movement in GME
|
||||||
|
|
||||||
|
They were parking their money in places where the daily returns were better than the daily interest costs to borrow the shares
|
||||||
|
|
||||||
|
Nearly all the PoS cryptos peaked on May 3rd evening time rolling into May 4th
|
||||||
|
|
||||||
|
So when did our reverse repo rates kick off, oh go on lets have a wee lookie look and see.........
|
||||||
|
|
||||||
|
Looks like the exponential rocket ignited some time between may 3rd overnight and oh my god May the forth be with you right before Cinco De Buyo day happened.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ou630ghi92571.png?width=1168&format=png&auto=webp&s=601fcb2809df51fa1d478744ff8be45e474ff3d1)
|
||||||
|
|
||||||
|
https://fred.stlouisfed.org/series/RRPONTSYD#
|
||||||
|
|
||||||
|
I believe that prior to the NSCC filing being passed and enacted, the SHF have been using DeFi Proof of stake coins to hide a lot of the cash that had been amassed from having sold short soo many shares across the field, not only in GME.
|
||||||
|
|
||||||
|
If you look at the correlation of when the Reverse Repo Rates ignited, it is the same time of this filing, the same time crypto PoS tanks, and the same time that the NSCC enacts the filing to prevent crypto being used as liquid.
|
||||||
|
|
||||||
|
I believe that prior to May 4th, these coins have been the primary location for hiding funds gathered through naked short selling, and prior to may 4th these coins were considered liquid assets on the bank balance sheets. Post May 4th, they are no longer considered liquid but rather assets and so we then saw the overall down turn of the crypto markets.
|
||||||
|
|
||||||
|
I cannot find the specific document but from memory I believe there was further information late apr/early may that procluded that Crypto due to reclassification as an asset rather than liquid would be eligibl for different tax status (commodities/equities taxes i have no idea about sorry)
|
||||||
|
|
||||||
|
EDIT: Timeline added from comments courtesy of [u/Taimpeng](https://www.reddit.com/u/Taimpeng/) tyvm kind ape, you rock
|
||||||
|
|
||||||
|
End of Q1/March: DTC/creditors realize this is not going away.
|
||||||
|
|
||||||
|
[April 1st, SR-DTC-2021-005 announced for review](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/) - The nuclear option ("MAD"). Would blow up GME shorts and also everyone else in the market running similar scams.
|
||||||
|
|
||||||
|
[April 8th, SR-NSCC-2021-802 announced for review, comments, etc.](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802.pdf) - A tactical nuke revealed. By removing the ability to leverage crypto markets *simultaneously for revenue and collateral reqs*, the short position will be unsustainable.
|
||||||
|
|
||||||
|
[April 12th, SR-DTC-2021-005 PULLED (INDEFINITELY) FOR "REFORMATTING"](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/) - With the tactical nuke in place, no need to keep full-scale Armageddon on the table, right?
|
||||||
|
|
||||||
|
[May 4th, SR-NSCC-2021-802 takes effect](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802-Approval-Notice.pdf) - Tactical nuke detonation.
|
||||||
|
|
||||||
|
[May 5th+ Overnight repos explode](https://fred.stlouisfed.org/series/RRPONTSYD#). Many DDs suggest the ON RRP is "a liquidity problem framed as a collateral problem". It's both because the tactical nuke hit both.
|
||||||
|
|
||||||
|
TL:DR:
|
||||||
|
|
||||||
|
SHF used proof of stake crypto to churn profits from their large lumps of cash from naked short selling. the SEC said no, not happening. SHF now all of a sudden have all these tendies and no where to park them that they can get safety or high yield profits so they are parking their tendies with the fed.
|
||||||
|
|
||||||
|
Now remember the way I mentioned several dates:
|
||||||
|
|
||||||
|
April 26th: this was the cut off point for NSCC 802 to be contested. It was not contested.
|
||||||
|
|
||||||
|
R C tweeted on apr 26th that everything was on track
|
||||||
|
|
||||||
|
April 29th was the date that NSCC 802 would start to be initated to be completed by 4th May
|
||||||
|
|
||||||
|
R C tweeted on Apr 29th a meme of Mr Hanky
|
||||||
|
|
||||||
|
APE NOT A FINANCIAL ADVISOR
|
||||||
|
|
||||||
|
BUY, HODL, BUCKLE UP
|
||||||
|
|
||||||
|
All of those charts, all those repo spike tendies, all that money across the board is bubbling out of every seem and the ony place it can go is into our pockets!
|
||||||
|
|
||||||
|
CANTSTOP. WONTSTOP. GAMESTOP.
|
430
DD/2021-06-15-The-Bigger-Short.md
Normal file
430
DD/2021-06-15-The-Bigger-Short.md
Normal file
@ -0,0 +1,430 @@
|
|||||||
|
The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.
|
||||||
|
===========================================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||||
|
|
||||||
|
0\. Preface
|
||||||
|
|
||||||
|
I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
|
||||||
|
|
||||||
|
TL;DR - (Though I think you REALLY should consider reading because it is important to understand what is going on):
|
||||||
|
|
||||||
|
- The market crash of 2008 never finished. It was can-kicked and the same people who caused the crash have still been running rampant doing the same bullshit in the derivatives market as that market continues to be unregulated. They're profiting off of short-term gains at the risk of killing their institutions and potentially the global economy. Only this time it is much, much worse.
|
||||||
|
|
||||||
|
- The bankers abused smaller amounts of leverage for the 2008 bubble and have since abused much higher amounts of leverage - creating an even larger speculative bubble. Not just in the stock market and derivatives market, but also in the crypt0 market, upwards of 100x leverage.
|
||||||
|
|
||||||
|
- COVID came in and rocked the economy to the point where the Fed is now pinned between a rock and a hard place. In order to buy more time, the government triggered a flurry of protective measures, such as mortgage forbearance, expiring end of Q2 on June 30th, 2021, and SLR exemptions, which expired March 31, 2021. The market was going to crash regardless. GME was and never will be the reason for the market crashing.
|
||||||
|
|
||||||
|
- The rich made a fatal error in way overshorting stocks. There is a potential for their decades of sucking money out of taxpayers to be taken back. The derivatives market is potentially a $1 Quadrillion market. "Meme prices" are not meme prices. There is so much money in the world, and you are just accustomed to thinking the "meme prices" are too high to feasibly reach.
|
||||||
|
|
||||||
|
- The DTC, ICC, OCC have been passing rules and regulations (auction and wind-down plans) so that they can easily eat up competition and consolidate power once again like in 2008. The people in charge, including Gary Gensler, are not your friends.
|
||||||
|
|
||||||
|
- The DTC, ICC, OCC are also passing rules to make sure that retail will never be able to to do this again. These rules are for the future market (post market crash) and they never want anyone to have a chance to take their game away from them again. These rules are not to start the MOASS. They are indirectly regulating retail so that a short squeeze condition can never occur after GME.
|
||||||
|
|
||||||
|
- The COVID pandemic exposed a lot of banks through the Supplementary Leverage Ratio (SLR) where mass borrowing (leverage) almost made many banks default. Banks have account 'blocks' on the Fed's balance sheet which holds their treasuries and deposits. The SLR exemption made it so that these treasuries and deposits of the banks 'accounts' on the Fed's balance sheet were not calculated into SLR, which allowed them to boost their SLR until March 31, 2021 and avoid defaulting. Now, they must extract treasuries from the Fed in reverse repo to avoid defaulting from SLR requirements. This results in the reverse repo market explosion as they are scrambling to survive due to their mass leverage.
|
||||||
|
|
||||||
|
- This is not a "retail vs. Melvin/Point72/Citadel" issue. This is a "retail vs. Mega Banks" issue. The rich, and I mean all of Wall Street, are trying desperately to shut GameStop down because it has the chance to suck out trillions if not hundreds of trillions from the game they've played for decades. They've rigged this game since the 1990's when derivatives were first introduced. Do you really think they, including the Fed, wouldn't pull all the stops now to try to get you to sell?
|
||||||
|
|
||||||
|
End TL;DR
|
||||||
|
|
||||||
|
A ton of the information provided in this post is from the movie Inside Job (2010). I am paraphrasing from the movie as well as taking direct quotes, so please understand that a bunch of this information is a summary of that film.
|
||||||
|
|
||||||
|
I understand that The Big Short (2015) is much more popular here, due to it being a more Hollywood style movie, but it does not go into such great detail of the conditions that led to the crash - and how things haven't even changed. But in fact, got worse, and led us to where we are now.
|
||||||
|
|
||||||
|
Seriously. Go. Watch. Inside Job. It is a documentary with interviews of many people, including those who were involved in the Ponzi Scheme of the derivative market bomb that led to the crash of 2008, and their continued lobbying to influence the Government to keep regulations at bay.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vvdd32qkei571.png?width=776&format=png&auto=webp&s=982445a99f17af054bd351990017e364b137cf02)
|
||||||
|
|
||||||
|
Inside Job (2010) Promotional
|
||||||
|
|
||||||
|
1\. The Market Crash Of 2008
|
||||||
|
|
||||||
|
1.1 The Casino Of The Financial World: The Derivatives Market
|
||||||
|
|
||||||
|
It all started back in the 1990's when the Derivative Market was created. This was the opening of the literal Casino in the financial world. These are bets placed upon an underlying asset, index, or entity, and are very risky. Derivatives are contracts between two or more parties that derives its value from the performance of the underlying asset, index, or entity.
|
||||||
|
|
||||||
|
One such derivative many are familiar with are options (CALLs and PUTs). Other examples of derivatives are fowards, futures, swaps, and variations of those such as Collateralized Debt Obligations (CDOs), and Credit Default Swaps (CDS).
|
||||||
|
|
||||||
|
The potential to make money off of these trades is insane. Take your regular CALL option for example. You no longer take home a 1:1 return when the underlying stock rises or falls $1. Your returns can be amplified by magnitudes more. Sometimes you might make a 10:1 return on your investment, or 20:1, and so forth.
|
||||||
|
|
||||||
|
Not only this, you can grab leverage by borrowing cash from some other entity. This allows your bets to potentially return that much more money. You can see how this gets out of hand really fast, because the amount of cash that can be gained absolutely skyrockets versus traditional investments.
|
||||||
|
|
||||||
|
Attempts were made to regulate the derivatives market, but due to mass lobbying from Wall Street, regulations were continuously shut down. People continued to try to pass regulations, until in 2000, the [Commodity Futures Modernization Act](https://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000) banned the regulation of derivatives outright.
|
||||||
|
|
||||||
|
And of course, once the Derivatives Market was left unchecked, it was off to the races for Wall Street to begin making tons of risky bets and surging their profits.
|
||||||
|
|
||||||
|
The Derivative Market exploded in size once regulation was banned and de-regulation of the financial world continued. You can see as of 2000, the cumulative derivatives market was already out of control.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9igfmi69di571.png?width=578&format=png&auto=webp&s=27fefbf3443e8be528849221f2eadeb1a5c10833)
|
||||||
|
|
||||||
|
https://www.hilarispublisher.com/open-access/investment-banks-and-credit-institutions-the-ignored-and-unregulateddiversity-2151-6219-1000224.pdf
|
||||||
|
|
||||||
|
The Derivatives Market is big. Insanely big. Look at how it compares to Global Wealth.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/s22atssgdi571.png?width=1029&format=png&auto=webp&s=086dcebf3e710052f78b7490150203d0f8376b89)
|
||||||
|
|
||||||
|
https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/
|
||||||
|
|
||||||
|
At the bottom of the list are three derivatives entries, with "Market Value" and "Notional Value" called out.
|
||||||
|
|
||||||
|
The "Market Value" is the value of the derivative at its current trading price.
|
||||||
|
|
||||||
|
The "Notional Value" is the value of the derivative if it was at the strike price.
|
||||||
|
|
||||||
|
E.g. A CALL option (a derivative) represents 100 shares of ABC stock with a strike of $50. Perhaps it is trading in the market at $1 per contract right now.
|
||||||
|
|
||||||
|
- Market Value = 100 shares * $1.00 per contract = $100
|
||||||
|
|
||||||
|
- Notional Value = 100 shares * $50 strike price = $5,000
|
||||||
|
|
||||||
|
Visual Capitalist estimates that the cumulative Notional Value of derivatives is between $558 Trillion and $1 Quadrillion. So yeah. You are not going to cause a market crash if GME sells for millions per share. The rich are already priming the market crash through the Derivatives Market.
|
||||||
|
|
||||||
|
1.2 CDOs And Mortgage Backed Securities
|
||||||
|
|
||||||
|
Decades ago, the system of paying mortgages used to be between two parties. The buyer, and the loaner. Since the movement of money was between the buyer and the loaner, the loaner was very careful to ensure that the buyer would be able to pay off their loan and not miss payments.
|
||||||
|
|
||||||
|
But now, it's a chain.
|
||||||
|
|
||||||
|
1. Home buyers will buy a loan from the lenders.
|
||||||
|
|
||||||
|
2. The lenders will then sell those loans to Investment Banks.
|
||||||
|
|
||||||
|
3. The Investment Banks then combine thousands of mortgages and other loans, including car loans, student loans, and credit card debt to create complex derivatives called "Collateralized Debt Obligations (CDO's)".
|
||||||
|
|
||||||
|
4. The Investment Banks then pay Rating Agencies to rate their CDO's. This can be on a scale of "AAA", the best possible rating, equivalent to government-backed securities, all the way down to C/D, which are junk bonds and very risky. Many of these CDO's were given AAA ratings despite being filled with junk.
|
||||||
|
|
||||||
|
5. The Investment Banks then take these CDO's and sell them to investors, including retirement funds, because that was the rating required for retirement funds as they would only purchase highly rated securities.
|
||||||
|
|
||||||
|
6. Now when the homeowner pays their mortgage, the money flows directly into the investors. The investors are the main ones who will be hurt if the CDO's containing the mortgages begin to fail.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0xtaww3ydi571.png?width=1493&format=png&auto=webp&s=f448a113043b043243efd879f174493bd33423fe)
|
||||||
|
|
||||||
|
Inside Job (2010) - Flow Of Money For Mortgage Payments
|
||||||
|
|
||||||
|
[](https://preview.redd.it/uyk9ms4fei571.png?width=756&format=png&auto=webp&s=d61e9a0754b676e64a1f6c97277ba877e946fcb6)
|
||||||
|
|
||||||
|
https://www.investopedia.com/ask/answers/09/bond-rating.asp
|
||||||
|
|
||||||
|
1.3 The Bubble of Subprime Loans Packed In CDOs
|
||||||
|
|
||||||
|
This system became a ticking timebomb due to this potential of free short-term gain cash. Lenders didn't care if a borrower could repay, so they would start handing out riskier loans. The investment banks didn't care if there were riskier loans, because the more CDO's sold to investors resulted in more profit. And the Rating Agencies didn't care because there were no regulatory constraints and there was no liability if their ratings of the CDO's proved to be wrong.
|
||||||
|
|
||||||
|
So they went wild and pumped out more and more loans, and more and more CDOs. Between 2000 and 2003, the number of mortgage loans made each year nearly quadrupled. They didn't care about the quality of the mortgage - they cared about maximizing the volume and getting profit out of it.
|
||||||
|
|
||||||
|
In the early 2000s there was a huge increase in the riskiest loans - "Subprime Loans". These are loans given to people who have low income, limited credit history, poor credit, etc. They are very at risk to not pay their mortgages. It was predatory lending, because it hunted for potential home buyers who would never be able to pay back their mortgages so that they could continue to pack these up into CDO's.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/wsr30iorei571.png?width=1447&format=png&auto=webp&s=59cf72f6eb8209d69e0a13ccf2f0127e69a45142)
|
||||||
|
|
||||||
|
Inside Job (2010) - % Of Subprime Loans
|
||||||
|
|
||||||
|
In fact, the investment banks preferred subprime loans, because they carried higher interest rates and more profit for them.
|
||||||
|
|
||||||
|
So the Investment Banks took these subprime loans, packaged the subprime loans up into CDO's, and many of them still received AAA ratings. These can be considered "toxic CDO's" because of their high ability to default and fail despite their ratings.
|
||||||
|
|
||||||
|
Pretty much anyone could get a home now. Purchases of homes and housing prices skyrocketed. It didn't matter because everyone in the chain was making money in an unregulated market.
|
||||||
|
|
||||||
|
1.4 Short Term Greed At The Risk Of Institutional And Economic Failure
|
||||||
|
|
||||||
|
In Wall Street, annual cash bonuses started to spike. Traders and CEOs became extremely wealthy in this bubble as they continued to pump more toxic CDO's into the market. Lehman Bros. was one of the top underwriters of subprime lending and their CEO alone took home over $485 million in bonuses.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/io87r9vxei571.png?width=1494&format=png&auto=webp&s=944300df8faf8da35d75de6f10fb951a6d230154)
|
||||||
|
|
||||||
|
Inside Job (2010) Wall Street Bonuses
|
||||||
|
|
||||||
|
And it was all short-term gain, high risk, with no worries about the potential failure of your institution or the economy. When things collapsed, they would not need to pay back their bonuses and gains. They were literally risking the entire world economy for the sake of short-term profits.
|
||||||
|
|
||||||
|
AND THEY EVEN TOOK IT FURTHER WITH LEVERAGE TO MAXIMIZE PROFITS.
|
||||||
|
|
||||||
|
During the bubble from 2000 to 2007, the investment banks were borrowing heavily to buy more loans and to create more CDO's. The ratio of banks borrowed money and their own money was their leverage. The more they borrowed, the higher their leverage. They abused leverage to continue churning profits. And are still abusing massive leverage to this day. It might even be much higher leverage today than what it was back in the Housing Market Bubble.
|
||||||
|
|
||||||
|
In 2004, Henry Paulson, the CEO of Goldman Sachs, helped lobby the SEC to relax limits on leverage, allowing the banks to sharply increase their borrowing. Basically, the SEC allowed investment banks to gamble a lot more. Investment banks would go up to about 33-to-1 leverage at the time of the 2008 crash. Which means if a 3% decrease occurred in their asset base, it would leave them insolvent. Henry Paulson would later become the Secretary Of The Treasury from 2006 to 2009. He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/k87x53h7fi571.png?width=1619&format=png&auto=webp&s=b12004d6bb3e70643516ef0477303f4652ccd348)
|
||||||
|
|
||||||
|
Inside Job (2010) Leverage Abuse of 2008
|
||||||
|
|
||||||
|
The borrowing exploded, the profits exploded, and it was all at the risk of obliterating their institutions and possibly the global economy. Some of these banks knew that they were "too big to fail" and could push for bailouts at the expense of taxpayers. Especially when they began planting their own executives in positions of power.
|
||||||
|
|
||||||
|
1.5 Credit Default Swaps (CDS)
|
||||||
|
|
||||||
|
To add another ticking bomb to the system, AIG, the worlds largest insurance company, got into the game with another type of derivative. They began selling Credit Default Swaps (CDS).
|
||||||
|
|
||||||
|
For investors who owned CDO's, CDS's worked like an insurance policy. An investor who purchased a CDS paid AIG a quarterly premium. If the CDO went bad, AIG promised to pay the investor for their losses. Think of it like insuring a car. You're paying premiums, but if you get into an accident, the insurance will pay up (some of the time at least).
|
||||||
|
|
||||||
|
But unlike regular insurance, where you can only insure your car once, speculators could also purchase CDS's from AIG in order to bet against CDO's they didn't own. You could suddenly have a sense of rehypothecation where fifty, one hundred entities might now have insurance against a CDO.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7xoupx0ffi571.png?width=1258&format=png&auto=webp&s=869beb0d99b9fbb4108cd5af692d0a6332fd52dd)
|
||||||
|
|
||||||
|
Inside Job (2010) Payment Flow of CDS's
|
||||||
|
|
||||||
|
If you've watched The Big Short (2015), you might remember the Credit Default Swaps, because those are what Michael Burry and others purchased to bet against the Subprime Mortgage CDO's.
|
||||||
|
|
||||||
|
CDS's were unregulated, so AIG didn't have to set aside any money to cover potential losses. Instead, AIG paid its employees huge cash bonuses as soon as contracts were signed in order to incentivize the sales of these derivatives. But if the CDO's later went bad, AIG would be on the hook. It paid everyone short-term gains while pushing the bill to the company itself without worrying about footing the bill if shit hit the fan. People once again were being rewarded with short-term profit to take these massive risks.
|
||||||
|
|
||||||
|
AIG's Financial Products division in London issued over $500B worth of CDS's during the bubble. Many of these CDS's were for CDO's backed by subprime mortgages.
|
||||||
|
|
||||||
|
The 400 employees of AIGFP made $3.5B between 2000 and 2007. And the head of AIGFP personally made $315M.
|
||||||
|
|
||||||
|
1.6 The Crash And Consumption Of Banks To Consolidate Power
|
||||||
|
|
||||||
|
By late 2006, Goldman Sachs took it one step further. It didn't just sell toxic CDO's, it started actively betting against them at the same time it was telling customers that they were high-quality investments.
|
||||||
|
|
||||||
|
Goldman Sachs would purchase CDS's from AIG and bet against CDO's it didn't own, and got paid when those CDO's failed. Goldman bought at least $22B in CDS's from AIG, and it was so much that Goldman realized AIG itself might go bankrupt (which later on it would and the Government had to bail them out). So Goldman spent $150M insuring themselves against AIG's potential collapse. They purchased CDS's against AIG.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/m54zv03yfi571.png?width=1411&format=png&auto=webp&s=f6cb605b4c9b36c22e60cd8205b80bd6ac770fac)
|
||||||
|
|
||||||
|
Inside Job (2010) Payment From AIG To Goldman Sachs If CDO's Failed
|
||||||
|
|
||||||
|
Then in 2007, Goldman went even further. They started selling CDO's specifically designed so that the more money their customers lost, the more Goldman Sachs made.
|
||||||
|
|
||||||
|
Many other banks did the same. They created shitty CDO's, sold them, while simultaneously bet that they would fail with CDS's. All of these CDO's were sold to customers as "safe" investments because of the complicit Rating Agencies.
|
||||||
|
|
||||||
|
The three rating agencies, Moody's, S&P and Fitch, made billions of dollars giving high ratings to these risky securities. Moody's, the largest ratings agency, quadrupled its profits between 2000 and 2007. The more AAA's they gave out, the higher their compensation and earnings were for the quarter. AAA ratings mushroomed from a handful in 2000 to thousands by 2006. Hundreds of billions of dollars worth of CDO's were being rated AAA per year. When it all collapsed and the ratings agencies were called before Congress, the rating agencies expressed that it was "their opinion" of the rating in order to weasel their way out of blame. Despite knowing that they were toxic and did not deserve anything above 'junk' rating.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tto0v644gi571.png?width=1332&format=png&auto=webp&s=f4361dcc23801691d46ec88b241c7d5fa56e2aaf)
|
||||||
|
|
||||||
|
Inside Job (2010) Ratings Agencies Profits
|
||||||
|
|
||||||
|
[](https://preview.redd.it/91dpnu78gi571.png?width=1259&format=png&auto=webp&s=1f196573f47a757a8bcca8b9e712c537be84cbe2)
|
||||||
|
|
||||||
|
Inside Job (2010) - Insane Increase of AAA Rated CDOs
|
||||||
|
|
||||||
|
By 2008, home foreclosures were skyrocketing. Home buyers in the subprime loans were defaulting on their payments. Lenders could no longer sell their loans to the investment banks. And as the loans went bad, dozens of lenders failed. The market for CDO's collapsed, leaving the investment banks holding hundreds of billions of dollars in loans, CDO's, and real estate they couldn't sell. Meanwhile, those who purchased up CDS's were knocking at the door to be paid.
|
||||||
|
|
||||||
|
In March 2008, Bear Stearns ran out of cash and was acquired for $2 a share by JPMorgan Chase. The deal was backed by $30B in emergency guarantees by the Fed Reserve. This was just one instance of a bank getting consumed by a larger entity.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gbgc30vlhi571.png?width=873&format=png&auto=webp&s=74def34d1783c5e3195492913370e6ae65670301)
|
||||||
|
|
||||||
|
https://www.history.com/this-day-in-history/bear-stearns-sold-to-j-p-morgan-chase
|
||||||
|
|
||||||
|
AIG, Bear Stearns, Lehman Bros, Fannie Mae, and Freddie Mac, were all AA or above rating days before either collapsing or being bailed out. Meaning they were 'very secure', yet they failed.
|
||||||
|
|
||||||
|
The Fed Reserve and Big Banks met together in order to discuss bailouts for different banks, and they decided to let Lehman Brothers fail as well.
|
||||||
|
|
||||||
|
The Government also then took over AIG, and a day after the takeover, asked the Government for $700B in bailouts for big banks. At this point in time, the person in charge of handling the financial crisis, Henry Paulson, former CEO of Goldman Sachs, worked with the chairman of the Federal Reserve to force AIG to pay Goldman Sachs some of its bailout money at 100-cents on the dollar. Meaning there was no negotiation of lower prices. Conflict of interest much?
|
||||||
|
|
||||||
|
The Fed and Henry Paulson also forced AIG to surrender their right to sue Goldman Sachs and other banks for fraud.
|
||||||
|
|
||||||
|
This is but a small glimpse of the consolidation of power in big banks from the 2008 crash. They let others fail and scooped up their assets in the crisis.
|
||||||
|
|
||||||
|
After the crash of 2008, big banks are more powerful and more consolidated than ever before. And the DTC, ICC, OCC rules are planning on making that worse through the auction and wind-down plans where big banks can once again consume other entities that default.
|
||||||
|
|
||||||
|
1.7 The Can-Kick To Continue The Game Of Derivative Market Greed
|
||||||
|
|
||||||
|
After the crisis, the financial industry worked harder than ever to fight reform. The financial sector, as of 2010, employed over 3000 lobbyists. More than five for each member of Congress. Between 1998 and 2008 the financial industry spent over $5B on lobbying and campaign contributions. And ever since the crisis, they're spending even more money.
|
||||||
|
|
||||||
|
President Barack Obama campaigned heavily on "Change" and "Reform" of Wall Street, but when in office, nothing substantial was passed. But this goes back for decades - the Government has been in the pocket of the rich for a long time, both parties, both sides, and their influence through lobbying undoubtedly prevented any actual change from occurring.
|
||||||
|
|
||||||
|
So their game of playing the derivative market was green-lit to still run rampant following the 2008 crash and mass bailouts from the Government at the expense of taxpayers.
|
||||||
|
|
||||||
|
There's now more consolidation of banks, more consolidation of power, more years of deregulation, and over a decade that they used to continue the game. And just like in 2008, it's happening again. We're on the brink of another market crash and potentially a global financial crisis.
|
||||||
|
|
||||||
|
2\. The New CDO Game, And How COVID Uppercut To The System
|
||||||
|
|
||||||
|
2.1 Abuse Of Commercial Mortgage Backed Securities
|
||||||
|
|
||||||
|
It's not just [/u/atobitt](https://www.reddit.com/u/atobitt/)'s "House Of Cards" where the US Treasury Market has been abused. It is abuse of many forms of collateral and securities this time around.
|
||||||
|
|
||||||
|
It's the same thing as 2008, but much worse due to even higher amounts of leverage in the system on top of massive amounts of liquidity and potential inflation from stimulus money of the COVID crisis.
|
||||||
|
|
||||||
|
Here's an excerpt from [The Bigger Short: Wall Street's Cooked Books Fueled The Financial Crisis of 2008. It's Happening Again](https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/):
|
||||||
|
|
||||||
|
> A longtime industry analyst has uncovered creative accounting on a startling scale in the commercial real estate market, in ways similar to the "liar loans" handed out during the mid-2000s for residential real estate, according to financial records examined by the analyst and reviewed by The Intercept. A recent, large-scale academic study backs up his conclusion, finding that banks such as Goldman Sachs and Citigroup have systematically reported erroneously inflated income data that compromises the integrity of the resulting securities.
|
||||||
|
>
|
||||||
|
> ...
|
||||||
|
>
|
||||||
|
> The analyst's findings, first reported by ProPublica last year, are the subject of a whistleblower complaint he filed in 2019 with the Securities and Exchange Commission. Moreover, the analyst has identified complex financial machinations by one financial institution, one that both issues loans and manages a real estate trust, that may ultimately help one of its top tenants --- the low-cost, low-wage store Dollar General --- flourish while devastating smaller retailers.
|
||||||
|
>
|
||||||
|
> This time, the issue is not a bubble in the housing market, but apparent widespread inflation of the value of commercial businesses, on which loans are based.
|
||||||
|
>
|
||||||
|
> ...
|
||||||
|
>
|
||||||
|
> Now it may be happening again --- this time not with residential mortgage-backed securities, based on loans for homes, but commercial mortgage-backed securities, or CMBS, based on loans for businesses. And this industrywide scheme is colliding with a collapse of the commercial real estate market amid the pandemic, which has business tenants across the country unable to make their payments.
|
||||||
|
|
||||||
|
They've been abusing Commercial Mortgage Backed Securities (CMBS) this time around, and potentially have still been abusing other forms of collateral - they might still be hitting MBS as well as treasury bonds per [/u/atobitt](https://www.reddit.com/u/atobitt/)'s DD.
|
||||||
|
|
||||||
|
John M. Griffin and Alex Priest released a study last November. They sampled almost 40,000 CMBS loans with a market capitalization of $650 billion underwritten from the beginning of 2013 to the end of 2019. Their findings were that large banks had 35% or more loans exhibiting 5% or greater income overstatements.
|
||||||
|
|
||||||
|
The below chart shows the overstatements of the biggest problem-making banks. The difference in bars is between samples taken from data between 2013-2015, and then data between 2016-2019. Almost every single bank experienced a positive move up over time of overstatements.
|
||||||
|
|
||||||
|
> Unintentional overstatement should have occurred at random times. Or if lenders were assiduous and the overstatement was unwitting, one might expect it to diminish over time as the lenders discovered their mistakes. Instead, with almost every lender, the overstatement *increased* as time went on. - [Source](https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/5xmcu9hwhi571.png?width=846&format=png&auto=webp&s=66f636574bd66afd3512b9587981e4caaa381cf3)
|
||||||
|
|
||||||
|
https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/
|
||||||
|
|
||||||
|
So what does this mean? It means they've once again been handing out subprime loans (predatory loans). But this time to businesses through Commercial Mortgage Backed Securities.
|
||||||
|
|
||||||
|
Just like Mortgage-Backed Securities from 2000 to 2007, the loaners will go around, hand out loans to businesses, and rake in the profits while having no concern over the potential for the subprime loans failing.
|
||||||
|
|
||||||
|
2.2 COVID's Uppercut Sent Them Scrambling
|
||||||
|
|
||||||
|
The system was propped up to fail just like from the 2000-2007 Housing Market Bubble. Now we are in a speculative bubble of the entire market along with the Commercial Market Bubble due to continued mass leverage abuse of the world.
|
||||||
|
|
||||||
|
Hell - also in Crypt0currencies that were introduced after the 2008 crash. Did you know that you can get over 100x leverage in crypt0 right now? Imagine how terrifying that crash could be if the other markets fail.
|
||||||
|
|
||||||
|
There is SO. MUCH. LEVERAGE. ABUSE. IN. THE. WORLD. All it takes is one fatal blow to bring it all down - and it sure as hell looks like COVID was that uppercut to send everything into a death spiral.
|
||||||
|
|
||||||
|
When COVID hit, many people were left without jobs. Others had less pay from the jobs they kept. It rocked the financial world and it was so unexpected. Apartment residents would now become delinquent, causing the apartment complexes to become delinquent. Business owners would be hurting for cash to pay their mortgages as well due to lack of business. The subprime loans all started to become a really big issue.
|
||||||
|
|
||||||
|
Delinquency rates of Commercial Mortgages started to skyrocket when the COVID crisis hit. They even surpassed 2008 levels in March of 2020. Remember what happened in 2008 when this occurred? When delinquency rates went up on mortgages in 2008, the CDO's of those mortgages began to fail. But, this time, they can-kicked it because COVID caught them all off guard.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cqbceix0ii571.png?width=848&format=png&auto=webp&s=da81781094a31ae1293b019c4e24f68dfdccc634)
|
||||||
|
|
||||||
|
https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/
|
||||||
|
|
||||||
|
2.3 Can-Kick Of COVID To Prevent CDO's From Defaulting Before Being Ready
|
||||||
|
|
||||||
|
COVID sent them Scrambling. They could not allow these CDO's to fail just yet, because they wanted to get their rules in place to help them consume other failing entities at a whim.
|
||||||
|
|
||||||
|
Like in 2008, they wanted to not only protect themselves when the nuke went off from these decades of derivatives abuse, they wanted to be able to scoop up the competition easily. That is when the DTC, ICC, and OCC began drafting their auction and wind-down plans.
|
||||||
|
|
||||||
|
In order to buy time, they began tossing out emergency relief "protections" for the economy. Such as preventing mortgage defaults which would send their CDO's tumbling. This protection ends on June 30th, 2021.
|
||||||
|
|
||||||
|
And guess what? Many people are still at risk of being delinquent. [This article](https://therealdeal.com/issues_articles/defusing-the-forbearance-time-bomb/) was posted just yesterday. The moment these protection plans lift, we can see a surge in foreclosures as delinquent payments have accumulated over the past year.
|
||||||
|
|
||||||
|
When everyone, including small business owners who were attacked with predatory loans, begin to default from these emergency plans expiring, it can lead to the CDO's themselves collapsing. Which is exactly what triggered the 2008 recession.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/b68fsf5aii571.png?width=945&format=png&auto=webp&s=daa8c725185480d988802023a27291ee782b5c5f)
|
||||||
|
|
||||||
|
https://www.housingwire.com/articles/mortgage-forbearance-drops-as-expiration-date-nears/
|
||||||
|
|
||||||
|
2.4 SLR Requirement Exemption - Why The Reverse Repo Is Blowing Up
|
||||||
|
|
||||||
|
Another big issue exposed from COVID is when SLR requirements were leaned during the pandemic. They had to pass a quick measure to protect the banks from defaulting in April of 2020.
|
||||||
|
|
||||||
|
> In a brief announcement, the Fed said it would allow a change to the supplementary leverage ratio to expire March 31. The initial move, announced April 1, 2020, allowed banks to exclude Treasurys and deposits with Fed banks from the calculation of the leverage ratio. - [Source](https://www.cnbc.com/2021/03/19/the-fed-will-not-extend-a-pandemic-crisis-rule-that-had-allowed-banks-to-relax-capital-levels.html)
|
||||||
|
|
||||||
|
What can you take from the above?
|
||||||
|
|
||||||
|
SLR is based on the banks deposits with the Fed itself. It is the treasuries and deposits that the banks have on the Fed's balance sheet. Banks have an 'account block' on the Fed's balance sheet that holds treasuries and deposits. The SLR pandemic rule allowed them to neglect these treasuries and deposits from their SLR calculation, and it boosted their SLR value, allowing them to survive defaults.
|
||||||
|
|
||||||
|
This is a big, big, BIG sign that the banks are way overleveraged by borrowing tons of money just like in 2008.
|
||||||
|
|
||||||
|
The SLR is the "Supplementary Leverage Ratio" and they enacted quick to allow it so banks wouldn't fail under mass leverage for failing to maintain enough equity.
|
||||||
|
|
||||||
|
> The supplementary leverage ratio is the US implementation of the Basel III Tier 1 leverage ratio, with which banks calculate the amount of common equity capital they must hold relative to their total leverage exposure. Large US banks must hold 3%. Top-tier bank holding companies must also hold an extra 2% buffer, for a total of 5%. The SLR, which does not distinguish between assets based on risk, is conceived as a backstop to risk-weighted capital requirements. - [Source](https://www.risk.net/definition/supplementary-leverage-ratio-slr)
|
||||||
|
|
||||||
|
[Here is an exposure of their SLR](https://www.fool.com/investing/2020/07/26/which-of-the-large-us-banks-is-most-leveraged.aspx) from earlier this year. The key is to have high SLR, above 5%, as a top-tier bank:
|
||||||
|
|
||||||
|
| Bank | Supplementary Leverage Ratio (SLR) |
|
||||||
|
| --- | --- |
|
||||||
|
| JP Morgan Chase | 6.8% |
|
||||||
|
| Bank Of America | 7% |
|
||||||
|
| Citigroup | 6.7% |
|
||||||
|
| Goldman Sachs | 6.7% |
|
||||||
|
| Morgan Stanley | 7.3% |
|
||||||
|
| Bank of New York Mellon | 8.2% |
|
||||||
|
| State Street | 8.3% |
|
||||||
|
|
||||||
|
The SLR protection ended on March 31, 2021. Guess what started to happen just after?
|
||||||
|
|
||||||
|
The reverse repo market started to explode. This is VERY unusual behavior because it is not at a quarter-end where quarter-ends have significant strain on the economy. The build-up over time implies that there is significant strain on the market AS OF ENTERING Q2 (April 1st - June 30th).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ijp4wkxdii571.png?width=1455&format=png&auto=webp&s=46f67d7efcc98ee475ba27fa41850fbf5d894064)
|
||||||
|
|
||||||
|
https://fred.stlouisfed.org/series/RRPONTSYD
|
||||||
|
|
||||||
|
Speculation: SLR IS DEPENDENT ON THEIR DEPOSITS WITH THE FED ITSELF. THEY NEED TO EXTRACT TREASURIES OVER NIGHT TO KEEP THEM OFF THE FED'S BALANCE SHEETS TO PREVENT THEMSELVES FROM FAILING SLR REQUIREMENTS AND DEFAULTING DUE TO MASS OVERLEVERAGE. EACH BANK HAS AN ACCOUNT ON THE FED'S BALANCE SHEET, WHICH IS WHAT SLR IS CALCULATED AGAINST. THIS IS WHY IT IS EXPLODING. THEY ARE ALL STRUGGLING TO MEET SLR REQUIREMENTS.
|
||||||
|
|
||||||
|
2.5 DTC, ICC, OCC Wind-Down and Auction Plans; Preparing For More Consolidation Of Power
|
||||||
|
|
||||||
|
We've seen some interesting rules from the DTC, ICC, and OCC. For the longest time we thought this was all surrounding GameStop. Guess what. They aren't all about GameStop. Some of them are, but not all of them.
|
||||||
|
|
||||||
|
They are furiously passing these rules because the COVID can-kick can't last forever. The Fed is dealing with the potential of runaway inflation from COVID stimulus and they can't allow the overleveraged banks to can-kick any more. They need to resolve this as soon as possible. June 30th could be the deadline because of the potential for CDO's to begin collapsing.
|
||||||
|
|
||||||
|
Let's revisit a few of these rules. The most important ones, in my opinion, because they shed light on the bullshit they're trying to do once again: Scoop up competitors at the cheap, and protect themselves from defaulting as well.
|
||||||
|
|
||||||
|
- DTC-004: Wind-down and auction plan. - [Link](https://www.sec.gov/rules/sro/dtc/2021/34-91429.pdf)
|
||||||
|
|
||||||
|
- ICC-005: Wind-down and auction plan. - [Link](https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf)
|
||||||
|
|
||||||
|
- OCC-004: Auction plan. Allows third parties to join in. - [Link](https://www.sec.gov/rules/sro/occ/2021/34-91935.pdf)
|
||||||
|
|
||||||
|
- OCC-003: Shielding plan. Protects the OCC. - [Link](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf)
|
||||||
|
|
||||||
|
Each of these plans, in brief summary, allows each branch of the market to protect themselves in the event of major defaults of members. They also allow members to scoop up assets of defaulting members.
|
||||||
|
|
||||||
|
What was that? Scooping up assets? In other words it is more concentration of power. Less competition.
|
||||||
|
|
||||||
|
I would not be surprised if many small and large Banks, Hedge Funds, and Financial Institutions evaporate and get consumed after this crash and we're left with just a select few massive entities. That is, after all, exactly what they're planning for.
|
||||||
|
|
||||||
|
They could not allow the COVID crash to pop their massive speculative derivative bubble so soon. It came too sudden for them to not all collapse instead of just a few of them. It would have obliterated the entire economy even more so than it will once this bomb is finally let off. They needed more time to prepare so that they could feast when it all comes crashing down.
|
||||||
|
|
||||||
|
2.6 Signs Of Collapse Coming - ICC-014 - Incentives For Credit Default Swaps
|
||||||
|
|
||||||
|
A comment on this subreddit made me revisit a rule passed by the ICC. It flew under the radar and is another sign for a crash coming.
|
||||||
|
|
||||||
|
This is [ICC-014](https://www.sec.gov/rules/sro/icc/2021/34-91922.pdf). Passed and effective as of June 1st, 2021.
|
||||||
|
|
||||||
|
Seems boring at first. Right? That's why it flew under the radar?
|
||||||
|
|
||||||
|
But now that you know the causes of the 2008 market crash and how toxic CDO's were packaged together, and then CDS's were used to bet against those CDO's, check out what ICC-014 is doing as of June 1st.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/phrxcouvii571.png?width=731&format=png&auto=webp&s=469560cf06458b51b1b5439d84062e9f6e04bda4)
|
||||||
|
|
||||||
|
ICC-014 Proposed Discounts On Credit Default Index Swaptions
|
||||||
|
|
||||||
|
They are providing incentive programs to purchase Credit Default Swap Indexes. These are like standard CDS's, but packaged together like an index. Think of it like an index fund.
|
||||||
|
|
||||||
|
This is allowing them to bet against a wide range of CDO's or other entities at a cheaper rate. Buyers can now bet against a wide range of failures in the market. They are allowing upwards of 25% discounts.
|
||||||
|
|
||||||
|
There's many more indicators that are pointing to a market collapse. But I will leave that to you to investigate more. Here is quite a scary compilation of charts relating the current market trends to the crashes of Black Monday, The Internet Bubble, The 2008 Housing Market Crash, and Today.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/y4reiv86hi571.jpg?width=550&format=pjpg&auto=webp&s=8845b7b90adf28409772483c6eeeef1763bbaaaf)
|
||||||
|
|
||||||
|
Summary of Recent Warnings Re Intermediate Trend In Equities
|
||||||
|
|
||||||
|
3\. The Failure Of The 1% - How GameStop Can Deal A Fatal Blow To Wealth Inequality
|
||||||
|
|
||||||
|
3.1 GameStop Was Never Going To Cause The Market Crash
|
||||||
|
|
||||||
|
GameStop was meant to die off. The rich bet against it many folds over, and it was on the brink of Bankruptcy before many conditions led it to where it is today.
|
||||||
|
|
||||||
|
It was never going to cause the market crash. And it never will cause the crash. The short squeeze is a result of high abuse of the derivatives market over the past decade, where Wall Street's abuse of this market has primed the economy for another market crash on their own.
|
||||||
|
|
||||||
|
We can see this because when COVID hit, GameStop was a non-issue in the market. The CDO market around CMBS was about to collapse on its own because of the instantaneous recession which left mortgage owners delinquent.
|
||||||
|
|
||||||
|
If anyone, be it the media, the US Government, or others, try to blame this crash on GameStop or anything other than the Banks and Wall Street, they are WRONG.
|
||||||
|
|
||||||
|
3.2 The Rich Are Trying To Kill GameStop. They Are Terrified
|
||||||
|
|
||||||
|
In January, the SI% was reported to be 140%. But it is very likely that it was underreported at that time. Maybe it was 200% back then. 400%. 800%. Who knows. From the above you can hopefully gather that Wall Street takes on massive risks all the time, they do not care as long as it churns them short-term profits. There is loads of evidence pointing to shorts never covering by hiding their SI% through malicious options practices, and manipulating the price every step of the way.
|
||||||
|
|
||||||
|
The conditions that led GameStop to where it is today is a miracle in itself, and the support of retail traders has led to expose a fatal mistake of the rich. Because a short position has infinite loss potential. There is SO much money in the world, especially in the derivatives market.
|
||||||
|
|
||||||
|
This should scream to you that any price target that you think is low, could very well be extremely low in YOUR perspective. You might just be accustomed to thinking "$X price floor is too much money. There's no way it can hit that". I used to think that too, until I dove deep into this bullshit.
|
||||||
|
|
||||||
|
The market crashing no longer was a matter of simply scooping up defaulters, their assets, and consolidating power. The rich now have to worry about the potential of infinite losses from GameStop and possibly other meme stocks with high price floor targets some retail have.
|
||||||
|
|
||||||
|
It's not a fight against Melvin / Citadel / Point72. It's a battle against the entire financial world. There is even speculation from multiple people that the Fed is even being complicit right now in helping suppress GameStop. Their whole game is at risk here.
|
||||||
|
|
||||||
|
Don't you think they'd fight tooth-and-nail to suppress this and try to get everyone to sell?
|
||||||
|
|
||||||
|
That they'd pull every trick in the book to make you think that they've covered?
|
||||||
|
|
||||||
|
The amount of money they could lose is unfathomable.
|
||||||
|
|
||||||
|
With the collapsing SI%, it is mathematically impossible for the squeeze to have happened - its mathematically impossible for them to have covered. [/u/atobitt](https://www.reddit.com/u/atobitt/) also discusses this in [House of Cards Part 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6hge0pxfhi571.png?width=871&format=png&auto=webp&s=aab736cc279cc727524d2cf96384ea3e33109250)
|
||||||
|
|
||||||
|
https://www.thebharatexpressnews.com/short-squeeze-could-save-gamestop-investors-a-third-time/
|
||||||
|
|
||||||
|
And in regards to all the other rules that look good for the MOASS - I see them in a negative light.
|
||||||
|
|
||||||
|
They are passing NSCC-002/801, DTC-005, and others, in order to prevent a GameStop situation from ever occurring again.
|
||||||
|
|
||||||
|
They realized how much power retail could have from piling into a short squeeze play. These new rules will snap new emerging short squeezes instantly if the conditions of a short squeeze ever occur again. There will never be a GameStop situation after this.
|
||||||
|
|
||||||
|
It's their game after all. They've been abusing the derivative market game for decades and GameStop is a huge threat. It was supposed to be, "crash the economy and run with the money". Not "crash the economy and pay up to retail". But GameStop was a flaw exposed by their greed, the COVID crash, and the quick turn-around of the company to take it away from the brink of bankruptcy.
|
||||||
|
|
||||||
|
The rich are now at risk of losing that money and insane amounts of cash that they've accumulated over the years from causing the Internet Bubble Crash of 2000, and the Housing Market Crash of 2008.
|
||||||
|
|
||||||
|
So, yeah, I'm going to be fucking greedy.
|
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>
|
||||||
|
|
@ -0,0 +1,108 @@
|
|||||||
|
Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021
|
||||||
|
==============================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Pop-Tart_Rabies_Monk](https://www.reddit.com/user/Pop-Tart_Rabies_Monk/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||||
|
|
||||||
|
APES. What a week it has been. We saw some gains. We had them taken away. [We felt woozy.](https://mobile.twitter.com/TheRoaringKitty/status/1403060736889344004) But we HODLd. And we dealt with some serious uncertainty with the shareholder meeting on Wednesday, and the flurry of new info from GameStop. I don't know about you, but it felt pretty shilly in here. Give the shills credit - they tried sooo hard! But we apes are strong together.
|
||||||
|
|
||||||
|
Many of you were kind enough to read [my post on Michael Burry last weekend](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) and offer your thoughts, your updoots, and your awards. I had a lot of fun writing it, and I was overwhelmed with the response it received. So why don't we make it a regular thing? I will try to post it on Friday evenings or Saturdays as I am able. I can't promise it will be every weekend, but I know those times have a reputation for being rather... meme-filled on Superstonk 😁 (not that I don't enjoy the weekend shitpost, fluff, and meme frenzy! Last weekend was great with all the Melissa Lee memes, and in 20 or 30 years when I look back fondly on this saga, I will 100% remember the Melissa Lee weekend. "Naked shorts, yeah" 😳), and I have seen many apes calling for more weekend DD warriors to fill the void. I will step in as much as I am able, and also try to offer something a little different to the community.
|
||||||
|
|
||||||
|
I'm not exactly a quant or a technical analysis guy. Other than detecting a basic bull flag on the stock chart, I have absolutely 0 predictive abilities for the price action of GME during the week. But what I do have is the ability to understand complex ideas, and to translate them into apespeak. So I thought it would be a worthwhile project to spend some time going through different things that Michael Burry has written, said, and done. I know I can certainly learn a lot from it, and hopefully you can too. Besides, the way I see it, when we have our tendies we will need to have all the right moves in order to bring about change and to be better rich people than the ones we are betting against. So what better time to learn all these things than right now, while we are HODLing and meme-ing and vibing and waiting for the rocket engines to come online?
|
||||||
|
|
||||||
|
This week, I have ETFs, Index funds, and passive investing on the mind. At the beginning of The Big Short, it was said that Michael Burry and the others did something nobody else did leading up to 2008 - they looked. Michael Burry has warned of another bubble forming again, similar and yet different from last time. So let's try and be like Burry this time around. Let's be among The Ones That Looked. So grab your weekend beverage of choice, and let's do some looking, shall we?
|
||||||
|
|
||||||
|
Passive Investing
|
||||||
|
|
||||||
|
We begin this week, just as we did last week, with a tweet by Burry.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/urkvn2b0lu471.jpg?width=1100&format=pjpg&auto=webp&s=b3070056e7884a100e9bcbb7ffb05ef1999c379c)
|
||||||
|
|
||||||
|
February 21st Tweet
|
||||||
|
|
||||||
|
There's a lot going on in this one. Look at it as long as you need to. Took me a while too.
|
||||||
|
|
||||||
|
So this graph tracks the price of the S&P 500. And (surprise!) it has a direct relationship with the collective amount of margin debt (note that the units for margin debt are reversed on the left because... well... it's *debt*).
|
||||||
|
|
||||||
|
I looked up the version of this chart that has been updated as of April 2021. Here is the non-inversed version, so you can see just how close the correlation is. Over 24 years!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/319eyr6olu471.png?width=1379&format=png&auto=webp&s=d222cf2abf998786a7bdf2da33f352c55628eae2)
|
||||||
|
|
||||||
|
S&P 500 vs Margin Debt
|
||||||
|
|
||||||
|
Now, at first glance this set off a couple of bells in my mind. First was an [interview I heard with Steve Eisman](https://youtu.be/NJodqhzqPKQ) (the real-life Mark Baum from The Big Short - the part in question starts around 13:00). He said that, leading up to 2008, the biggest of the idiots "mistook leverage for genius." Leverage, by the way, = margin debt. Is it concerning to you that the S&P 500, which is one of the key indices of the stock market, only seems to go up on the strength of margin debt? Doesn't seem like the best foundation for financial growth, IDK. And margin debt is spiking like crazy ever since the end of 2020, as the chart shows (sidenote: what situation do we know of that has seen big players in Wall Street taking on tons and tons of margin debt? And I can't remember, does that situation seem to have an inverse relationship with the S&P 500? 🤔)
|
||||||
|
|
||||||
|
At this point I should mention that Index Funds and ETFs (Exchange-Traded Funds) are both funds that track a sector or a large sampling of the entire market. The key difference between the two is that Index Funds cannot be traded during the day - you can only get into an index fund with an up front investment, usually $2000 or $3000. ETFs on the other hand, track the exact same things that Index Funds do, except ETFs can be traded during the day just like shares of a company. So for example the S&P 500 is an Index Fund. SPY is an ETF (some people have called it the granddaddy of all ETFs) that tracks the S&P 500 Index.
|
||||||
|
|
||||||
|
ETFs and Index Funds have a pretty special relationship with GME and market manipulation in general. I give a TON of credit to [u/ahh_soy](https://www.reddit.com/u/ahh_soy/), who [in this post](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) back in the doldrums of February discovered that Kenny & company were using ETFs that contained GME to hide their short interest in GME. They essentially paid their credit card bill with another credit card bill (hellooooo, margin debt!), to bring the short interest down and to make it look like they had covered during the craziness of January. There are other examples too. The Russell 2000 has been shorted just to affect the price of GME in recent months as well. Seems like a super inefficient way of going about it Kenny, but whatever. Anyways, the point is that ETFs are a favorite tool for the kind of people that we are betting against.
|
||||||
|
|
||||||
|
Michael Burry's tweet above paints a very dark picture. And ETFs are at the center of it. In doing a little research on the subject, [I discovered that Michael Burry has compared Index Funds and ETFs to the CDOs](https://money.usnews.com/investing/funds/articles/do-index-funds-etfs-quietly-pose-a-systemic-risk-michael-burry-thinks-so) that caused the 2008 collapse. If you don't know what a CDO is, I could try and explain it to you. Or I could link to a clip of Jared Vennet explaining it in The Big Short.
|
||||||
|
|
||||||
|
[Oh what the heck, I'll just do both.](https://www.youtube.com/watch?v=xbiDrzTd8fE)
|
||||||
|
|
||||||
|
It's complicated, but basically CDOs are a type of hybrid security which is backed by parts of other securities (usually loans of some sort, especially mortgages). It is a convenient way for the big banks and their lackeys to refinance mortgages and to create securities based off of subprime loans that didn't make it into the big Mortgage-Backed Securities. Then they sell those new hybrid securities to make even more money off of it. Is it their problem if what they are selling is over 50% hot garbage?! Nope!
|
||||||
|
|
||||||
|
An Index fund or an ETF is similar in the sense that you are buying or investing a security with an incredibly diverse list of holdings, some of them very good and some of them bad. For example, if you wanted to invest in the airline industry but don't want to get into picking companies for fear that one of the two or 3 you pick go bankrupt, you could just buy an ETF based off the airline industry. You might buy one ETF that has shares of multiple airlines and aircraft manufacturers, some of which are exceptional and some of which are not (smh, still can't believe what Boeing did with the 737 MAX). But the idea is that through diversification you overcome any potential risks.
|
||||||
|
|
||||||
|
And I can understand why people would think this way! I personally know multiple people who ONLY INVEST in ETFs and Index funds (i.e. they only invest passively) because they think it is safer. I can hear the voice of one of them in my head now as I type this: "the S&P 500 grows by 6-8% like clockwork every single year. It is THE safest way to invest." But even with diversification you still have hundreds of billions of dollars invested in a security that is in large part composed of smaller market-cap, lower volume-traded stocks. Now, I grant you, there are nuanced differences between passive investing and CDOs that I don't fully understand. But the basic principle is the same, the market is betting unimaginable sums of money on securities with significant "subprime" holdings. It is the same problem as with CDOs, except that now we have no excuse for not knowing better.
|
||||||
|
|
||||||
|
I might even go so far as to say that the bull run we are seeing on many ETFs and Index funds is a mirage. CNBC looks at the price of the S&P 500 these days and thinks "wow, we sure recovered from the pandemic quick!" But it isn't that simple. Michael Burry compares passive investing to a theater that keeps getting more and more crowded, but the exit stays the same - just one little door. If the show stinks, or worse if their is a fire, it will be deadly. Essentially the money is "trapped" in the market. And when the flow of money reverses from in to out eventually, there isn't enough liquidity to withstand it. It will create the mother of all bottlenecks (MOABN? Meh. I'll keep thinking). People will be literally trampled to death on their way to the exits. Like, hypothetically, if a global pandemic were to come along and weaken the value of like the bottom 2/3rds of every stock included in these index funds and ETFs.
|
||||||
|
|
||||||
|
"But Poptart," you might say, "how could the pandemic be the final straw if the pandemic is already over? The first chart you posted even puts an end-date to the recession at earlier this year. What gives?"
|
||||||
|
|
||||||
|
Well, dear ape, let me put it to you this way. Look at the chart of the S&P 500 again here.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ctv95wgqqu471.png?width=1549&format=png&auto=webp&s=19461c245c1989cb8654e5ed872d664e36213eec)
|
||||||
|
|
||||||
|
Ruh roh
|
||||||
|
|
||||||
|
See how right after the Covid dip, the price starts to take a parabolic turn north? Does that look natural to you? Can you think of anything natural in the economy that would have happened since then to bring about that growth? Or does it seem more likely to you that it is just the result of quantitative easing, inflation, and stimulus checks trapped in the market? (sidenote: I am NOT placing the blame for this on either of the parties that introduced stimulus checks into the economy, nor am I placing blame on people like you and me who invested them into the market. I am just saying that it is delaying the inevitable.) Does that look like a natural recovery, or does it look like the market was given a shot of a steroid and now it feels great even though it is dying? (dark, I know... sorry)
|
||||||
|
|
||||||
|
Price Discovery
|
||||||
|
|
||||||
|
The other problem that Burry has with Index funds and ETFs is that they make it impossible for "price discovery to occur. Price Discovery is the process of the market weeding out businesses that don't perform well and that deserve to go bankrupt, and also conversely the process of rewarding companies that do well. It is essentially the idea that a company's performance should have a direct relationship with its stock price. This is really just a free market functioning as it should.
|
||||||
|
|
||||||
|
ETFs and Index funds hurt price discovery in the market because the businesses in the fund move not according to what the market dictates, but according to how the overall fund is moving. Don't believe me? Here, take a look at a few holdings of the S&P 500. Represented here are technology, energy, manufacturing, airline, and retail. But do they move together? You bet they do.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/515d36poru471.png?width=994&format=png&auto=webp&s=fd009526e6a8b00f01e274d6223bcc707c70b32d)
|
||||||
|
|
||||||
|
Technology
|
||||||
|
|
||||||
|
[](https://preview.redd.it/00v3e4rsru471.png?width=990&format=png&auto=webp&s=34395dedf841a62efafad015d607a662679f6e8d)
|
||||||
|
|
||||||
|
Energy
|
||||||
|
|
||||||
|
[](https://preview.redd.it/alnhlbuxru471.png?width=1025&format=png&auto=webp&s=f89fd9dc4927e3bd944155200594321b87e691c1)
|
||||||
|
|
||||||
|
Airline
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zsibrimvru471.png?width=1020&format=png&auto=webp&s=4adb3fcc71341df58db32d90e5309c4cb94ad69b)
|
||||||
|
|
||||||
|
Manufacturing
|
||||||
|
|
||||||
|
[](https://preview.redd.it/nswxamgzru471.png?width=1073&format=png&auto=webp&s=5e2ca05a6da8dfb73ed636101a8a4b6bb192d850)
|
||||||
|
|
||||||
|
Retail
|
||||||
|
|
||||||
|
Notice how every time there is a sharp divergence on one of the stocks, it immediately corrects back to the general path of the fund?
|
||||||
|
|
||||||
|
When a market is drunk on Index funds and ETFs, the price discovery is taken out of the hands of individual investors and put into the hands of the people with the cushy job in downtown Manhattan who decide which stocks will go into the fund. In other words, the price discovery is left to the kinds of people like the CDO managers and the stuff-shirt working for Standard & Poors in The Big Short. You know, the kind of people who can easily be bribed to make certain decisions. The kind of people who will pick stocks not so much based on which ones are more deserving, but based on how much money they will get paid. Does that scare you? It sure does me.
|
||||||
|
|
||||||
|
One final note on price discovery before we go... what Citadel and friends tried to do to GME, just as they did to Toys R Us, and SEARS, and many others before GME, is the enemy of price discovery just as much as ETFs and Index funds are. In fact if you squint when you look at the two problems, it is just one problem - rich people thinking they should be the ones to determine which companies survive; rich people thinking they know better than the free market; rich people not caring who they screw up in order to make money. Do we live in a free market or don't we? Because right now it doesn't feel like it.
|
||||||
|
|
||||||
|
My main takeaways after this exercise:
|
||||||
|
|
||||||
|
1. What I just said about price discovery and GME can't be repeated enough. And THIS is why the GME situation is so terrifying for them. GME doesn't just represent them losing out on the bankruptcy jackpot with one company. The more people learn about what is going on with GME and especially what is going here on Superstonk, the more democratized the market becomes. The more people will learn that-- *looks at hands* -- WE have the power. This is why CNBC tries to ignore us except to nervous laugh at us when GME is up big. They know that we aren't just winning this game - we are establishing a whole new paradigm, and the powers that be don't want to let the cat out of the bag. They are in damage-control mode. I really believe that future generations will read about GameStop in their high school economics textbooks. And THAT is a very happy thought, isn't it apes?
|
||||||
|
|
||||||
|
2. I didn't have time to go over this in the main body but thought it was important to address: I do not think Burry is criticizing us directly when he says "#stonksgoup hype" adds to the problem, and the reason for this is simple: I cannot believe that Burry would think a bunch of people deciding they like the stock, then buying and holding it is the problem. It has to be much more intelligent and nuanced than that, coming from Burry. I think he is criticizing the people who push stocks or crypto just for the laughs but don't really believe they have any value (I am thinking especially of proponents of a certain canine-inspired crypto here). What we are talking about here with GME (and I also include our movie theater friends in this) is that we are trying to stand up for price discovery. We are calling bull💩 on the game that market manipulators are playing. If anything, we are taking a stand against the very problem that Burry is identifying.
|
||||||
|
|
||||||
|
3. BUY. HODL. ~~VOTE.~~ 😅
|
||||||
|
|
||||||
|
TLDR: Get ready because the market is gonna need our tendies. And when the time comes, invest in STOCKS. Not Funds or ETFs.
|
||||||
|
|
||||||
|
Not financial advice. I literally can't tell my own rear end from a coconut FYI.
|
@ -0,0 +1,99 @@
|
|||||||
|
I successfully forecasted GME closing prices for the last two weeks based on your DD (proof included). Can therefore prove FTD and SI DD and that Hediges haven't started covering big time. Want me to share the model?
|
||||||
|
========================================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/RocketApes](https://www.reddit.com/user/RocketApes/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/noih5m/i_successfully_forecasted_gme_closing_prices_for/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
*edit2: Fixed broken links.*
|
||||||
|
|
||||||
|
*edit1: Formatting. Proof for successful predictions now better visible.*
|
||||||
|
|
||||||
|
Hi to all the apes out there,
|
||||||
|
|
||||||
|
I do data stuff for a living and since I basically spend my work hours staring at green and red GME dildos since January I thought:
|
||||||
|
|
||||||
|
*"Why not try to predict GME movement for today?"*
|
||||||
|
|
||||||
|
So I did. And it worked, I predicted the general movement of the last two weeks including last weeks crazy price action pretty accurately. That is why I am accused of witchcraft in the German Sub where I published my forecasts ;)
|
||||||
|
|
||||||
|
Don't believe me? Neither would I. But I will deliver proof.
|
||||||
|
|
||||||
|
*Before I start: I am a data scientist, but not financial expert or advisor. Don't base investments on anything you see here, a model can always fail. If you really want, I can be your wifes boyfriend, though.*
|
||||||
|
|
||||||
|
That is how it looks:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3ce2pe9p6b271.png?width=913&format=png&auto=webp&s=562b5bccbd0ed527e0f87aebab74f61eccd747fa)
|
||||||
|
|
||||||
|
GME price vs. my forecast
|
||||||
|
|
||||||
|
Want proof? Alright, the forecasts where announced in the German *Unter* [r/spielstopp](https://www.reddit.com/r/spielstopp/) in the following posts or comments (model was improved over time, old descriptions are not up to date):
|
||||||
|
|
||||||
|
| Date | Forecast | Link / Proof |
|
||||||
|
| --- | --- | --- |
|
||||||
|
| 2020-05-17 | 5 to 7.5% | [Here](https://www.reddit.com/r/Spielstopp/comments/ne9vhn/neues_kursmodell_zur_vorhersage_f%C3%BCr_euch_zum/) |
|
||||||
|
| 2020-05-18 | -6 to -9% | [Here](https://www.reddit.com/r/Spielstopp/comments/nf4mgo/kursmodell_20_und_offenlegung_von_daten_und_modell/) |
|
||||||
|
| 2020-05-19 | -5 to -8% | [Here](https://www.reddit.com/r/Spielstopp/comments/nfz5x7/ich_habe_euch_entt%C3%A4uscht_gebt_mir_noch_ne_chance/) |
|
||||||
|
| 2020-05-20 | 0 to 2.5% (Model 1) | [Here](https://www.reddit.com/r/Spielstopp/comments/ngoyj4/t%C3%A4glicher_spielstopp_sammelfaden_20052021/gysw3ug?utm_source=share&utm_medium=web2x&context=3) |
|
||||||
|
| 2020-05-21 | 2.5 to 5% (Model 2) | [Here](https://www.reddit.com/r/Spielstopp/comments/nhihrz/t%C3%A4glicher_spielstopp_sammelfaden_21052021/gyx9xad?utm_source=share&utm_medium=web2x&context=3) |
|
||||||
|
| 2020-05-24 to 2020-05-28 (whole week because I was on vacation) | Longterm forecast (NOT up to date) | [Here](https://www.reddit.com/r/Spielstopp/comments/ngyrai/langfristige_kursvorhersage_von_spielstopp/) |
|
||||||
|
|
||||||
|
*Alright, what did I do? (You can skip this part if you like)*
|
||||||
|
|
||||||
|
I developed a relatively simple linear regression model and optimized it with a little Monte-Carlo-Simulation to improve the forecast. R² is 0.62, overfitting was hopefully countered by stepwise reduction of variables.
|
||||||
|
|
||||||
|
I am sure there are smart apes out there who could improve the model by adding non-linear regression terms, time series analysis and so on, but I had no time for that yet ;) If I chose to share my model, I would be happy to assist with improvements.
|
||||||
|
|
||||||
|
*Why should I care? I am just an ape who buy and holds? (DONT skip this part!)*
|
||||||
|
|
||||||
|
I will tell you why! Because I can proof some DDs floating around here right.And, most importantly, the fact that GME price movements especially in this week were predictable, shows that we are still in the "Hedgie manipulated area", no covering of shorts or crazy staff has yet happened!
|
||||||
|
|
||||||
|
What variables did I include in my model (bold ones are of greater significance)?
|
||||||
|
|
||||||
|
1. Volume und Price movements of afterhours previous day and first hour of the premarket (prediction for the day is therefore available at 5am EST or 10am my time ;))
|
||||||
|
|
||||||
|
2. FTD cycle. Hell yeah, this one IS important, we saw that last week. Hank and all the other's theories seem to be right
|
||||||
|
|
||||||
|
3. Day of week (NOT that important, also no special movements on fridays (options) or tuesday (option hedging) to be seen)
|
||||||
|
|
||||||
|
4. SPY movement (previous day)
|
||||||
|
|
||||||
|
5. Price movement of 10Y US treasuries
|
||||||
|
|
||||||
|
6. Price movement B...Coin (previous day)
|
||||||
|
|
||||||
|
7. Price movement of a certain Cinema (previous day). Not that important as a predictor but of course still correlated to GME!
|
||||||
|
|
||||||
|
8. Change in max pain price (not that important either)
|
||||||
|
|
||||||
|
9. Did RC tweet (previous day)? For the lulz, also not that important
|
||||||
|
|
||||||
|
10. RSI (Relative strength index) at the end of previous day
|
||||||
|
|
||||||
|
11. 3 month, 4 week, 2 week and 1 week beta. VERY relevant and, to be clear, betas are POSITIVE most of the time
|
||||||
|
|
||||||
|
12. SI settlement dates as described in [this](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) DD are extremely relevant
|
||||||
|
|
||||||
|
(So why did the price go up this week? in simple terms: FTD+21 plus SI settlement dates plus a little FOMO)
|
||||||
|
|
||||||
|
You can find more explanation at my github: <https://github.com/rocketapes123/GMEmodel> or in a little pastebin: <https://controlc.com/9e895bdb>
|
||||||
|
|
||||||
|
I set the project to private temporarily, though. Why? Read on.
|
||||||
|
|
||||||
|
*Ok, now to the most important question? Should I publish the model and / or forecasts? To be clear, I don't want to farm karma, I am not going to monetize, stream, ask for funding or similar bullshit. I just want to share my findings.*
|
||||||
|
|
||||||
|
Whats stops me from doing it? What are my doubts?
|
||||||
|
|
||||||
|
1. Hedgies can read this, too. My model shows that DD here is on spot. (Counter argument: They not it anyways)
|
||||||
|
|
||||||
|
2. A model is a model. It can be wrong, there can be new factors, fuckery or FOMO it can not predict. If people rely on it too much, a wrong prediction could spread doubt.
|
||||||
|
|
||||||
|
3. Danger of "self-fulfilling prophecy": If I, lets say, predict that price is going to drop 5% tomorrow, some people may sell their shares and accelerate a decline
|
||||||
|
|
||||||
|
What do you say? Mods and wrinkly apes, I need your input:
|
||||||
|
|
||||||
|
[u/rensole](https://www.reddit.com/u/rensole/)**,** [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**,** [u/dlauer](https://www.reddit.com/u/dlauer/)**,** [u/atobitt](https://www.reddit.com/u/atobitt/)
|
@ -0,0 +1,60 @@
|
|||||||
|
The price of GME since February is completely predictable: "Kicking the can down the road" mathematically deciphered. See what determines GMEs price.
|
||||||
|
=====================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/RocketApes](https://www.reddit.com/user/RocketApes/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/np9a0k/the_price_of_gme_since_february_is_completely/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
*edit3: Sent the sub with my forecasts to* [/u/rensole](https://www.reddit.com/u/rensole/) *and* [*u/h4nsm0le*](https://www.reddit.com/user/h4nsm0le/)*,* *they will prove it have been my forecasts.*
|
||||||
|
|
||||||
|
*edit2: Here is my base data, go and play with it :)* [*https://ethercalc.net/gt5qilibiv*](https://ethercalc.net/gt5qilibiv)
|
||||||
|
|
||||||
|
*Variable description here:* [*https://controlc.com/9e895bdb*](https://controlc.com/9e895bdb)
|
||||||
|
|
||||||
|
*edit1: i am sad, my last posting was deleted :( Mods can you help me?*
|
||||||
|
|
||||||
|
LAPEies and GAPElemen,
|
||||||
|
|
||||||
|
*I present you the final (?) solution to the GME price riddle since February*. Been leveling down this game and I stand on the shoulder of giants to finally solve it.
|
||||||
|
|
||||||
|
As explained to you in my [*last* posting](https://www.reddit.com/r/Superstonk/comments/noih5m/i_successfully_forecasted_gme_closing_prices_for/), I developed a mathematical model to predict GME prive movements which has proven (to my big surprise!) almost completely accurate in the last two weeks (I have witnesses ;)).
|
||||||
|
|
||||||
|
You have convinced me to not share the model or any future predictions with you (and therefore the whole world). Instead I will post it with a different account in an obscure subreddit (either [r/kennysbuttplugs](https://www.reddit.com/r/kennysbuttplugs/) or [r/whenIwasAboyinbulgaria](https://www.reddit.com/r/whenIwasAboyinbulgaria/)**) and show the results to you end of the week with timestamps.**
|
||||||
|
|
||||||
|
Anyways, I figured out that I can give you the driving forces behind GMEs price development without giving away the details to actually make predictions based on it.
|
||||||
|
|
||||||
|
My first and important result is: GME stock price is extremely different from "normal" stock price developments and is totally and utterly manipulated (come on, a small ape with a computer can predict it?)
|
||||||
|
|
||||||
|
With a technique called factor analysis I can extract the strength of each factor in driving GME's price (adds up to 100% naturally):
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7lef0ay7oh271.png?width=786&format=png&auto=webp&s=0d6218c3a6032228a5fb3f8c8e1a8c83592107a7)
|
||||||
|
|
||||||
|
Influence factors on GME price
|
||||||
|
|
||||||
|
These factors, along with the "unknown" factors, for which my model cannot get an explanation (34%, almost nothing for models like these), can be summed up as follows:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/xt025ydgoh271.png?width=808&format=png&auto=webp&s=559ed62360ecb79e67f6b8c130fb9e9dd3d1b162)
|
||||||
|
|
||||||
|
The five pillars of GME price making
|
||||||
|
|
||||||
|
1. Technical factors like RSI: These factors contribute little influence to the GME price, although some more influence like Elliott wave factors may be hidden in the unknown factors
|
||||||
|
|
||||||
|
2. SI-Reporting: Based on [this](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) DD by [/u/criand](https://www.reddit.com/u/criand/), Hedgies try to supress the SI interest by covering right before the SI settlement days which can be found [here](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) (basically every 14 days). Afterwards they short the fuck out of GME again.
|
||||||
|
|
||||||
|
3. FTD Cycle: As pointed out by various posters here, every 21 days, FTD are "renewed", the can is kicked further down the road. This fact is INCREDIBLY visible in the data and ALONE accountable for 20% of the GME prive movement. Fun Fact you should know: Last week, SI-Reporting and FTD Cycle (T+21) were on two consecutive days (Tuesday 05/25 and Wednesday 05/26) - this is the main reason the price exploded (plus a little FOMO). Sorry to disappoint you, nothing substantial happened. The price explosion was predicted by my model ([proof](https://www.reddit.com/r/Spielstopp/comments/ngyrai/langfristige_kursvorhersage_von_spielstopp/))
|
||||||
|
|
||||||
|
4. Movement with the market: Less visible then with other stocks, but still significant:Gme moves with the market. On days without special occurances like SI Reporting or T+21, we have a positive beta. Market movement is accountable for 25% on average but for > 50% on normal days
|
||||||
|
|
||||||
|
5. Unknown factors: "Normal" price drivers like Whales, Retail trading, unknown technical factors and - theoretically - shorts covering are included here. 33% influence is very little, most of the GME price movement is completely deterministic aka manipulated.
|
||||||
|
|
||||||
|
As my model cannot predict massive short covering or predict the MOASS, any deviation of the price from my model could show something is brewing. But until now, there are none.
|
||||||
|
|
||||||
|
Shorts have not yet covered, they are just kicking the can down the road. I can prove it mathematically. Apes buy and hold.
|
||||||
|
|
||||||
|
If interested, I can share the model and predictions with any mod or qualified person for review. I would love to get input and improve the model (or have someone smarter than me improve it) and question my motives but understand that it might not be strategically wise to publically share it.
|
||||||
|
|
||||||
|
*That being sad, I am just playing around with numbers and am by no means any advisor for anything (says my wifes boyfriend).*
|
@ -0,0 +1,254 @@
|
|||||||
|
GME price development decoded: A final update on GME price prediction
|
||||||
|
=====================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/RocketApes](https://www.reddit.com/user/RocketApes/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nxyul2/gme_price_development_decoded_a_final_update_on/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
*edit2: You asked for pictures, I give you a picture:*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ygzikkivbv471.png?width=864&format=png&auto=webp&s=687ba1a0b09b08d5a6527e6e82248a2ac02ea1e6)
|
||||||
|
|
||||||
|
Variable influence. Bold area is 90% percentile. Variables not crossing the 0-line are significant, influence on GME price change in percent at x-axis. Example: VIXPD (Vix, previous day) has a positive and almost significant influence on GME price
|
||||||
|
|
||||||
|
*edit: Forgot to add, buy and hold. I am not a financial advisor or your mummy (say hello if you meet her!), but daytrading based on any of this stuff could be a very bad idea: Firstly, the model is not ALWAYS correct, secondly if only lasts for a day and who knows what is tomorrow. You could miss stuff like DFV returning or the MOASS. Just buy and hold, I'd say.*
|
||||||
|
|
||||||
|
tl;dr: I developed a very good model for GME price prediction (success rate > 90%) and found out by which factors the GME prices is moved. It is moved by FTD cylce, SI reporting, Beta values and MACD, maybe VIX, Options, Movie Theatres. It is NOT moved by cr*pto, longterm Beta, ETF FTD and the max pain price.
|
||||||
|
|
||||||
|
LAPEies and GAPElemen,
|
||||||
|
|
||||||
|
To complete the trilogy of GME price prediction posts which started [here](https://www.reddit.com/r/Superstonk/comments/noih5m/i_successfully_forecasted_gme_closing_prices_for/) and [here](https://www.reddit.com/r/Superstonk/comments/np9a0k/the_price_of_gme_since_february_is_completely/), I present the infamous third part: The final problem.
|
||||||
|
|
||||||
|
Didn't watch the first two movies and now getting on everyones nerves by asking what the story is about? Let me help you:
|
||||||
|
|
||||||
|
I developed a linear model to predict the price of GME after the first hour of premarket. I have been really successful with that. And now I improved it even further.
|
||||||
|
|
||||||
|
*Oh, and before you ask: No, I will not make predictions for each and every single day now. I will do something better: I will tell you which data you need to do it yourself and which theories on price influence are true - and which can mathematically be debunked.*
|
||||||
|
|
||||||
|
So, how good is your model, rocketGapes? Oh, glad you asked:
|
||||||
|
|
||||||
|
I could successfully predict the direction of movement in 97% of all cases in the extensive model (incl. FTD data until May) and 91% in the more up to date model until yesterday. The median error was about 3%.
|
||||||
|
|
||||||
|
R squared (where 1 is absolute perfect prediction and anything above roughly 0.4 is really good) is 0.65 for the up to date model and incredible 0.815 for the extensive model. So extremely good.
|
||||||
|
|
||||||
|
- Question for the wrinkle brains: There were only two dates which none of the models could predict right: 2021/04/07 and 2021/04/16. Both should have been really good dates (strong upward movement) but the price moved down instead. *What happened on these dates?*
|
||||||
|
|
||||||
|
I will have a data section at the very bottom of the post where all the ANALysts can get extensive information on the models. The source code is available on my [github](https://github.com/rocketapes123/GMEmodel) and you can download the raw data [here](https://github.com/rocketapes123/GMEmodel/blob/main/LMGME_e.csv).
|
||||||
|
|
||||||
|
Alright, let us dig into the influential factors on GME price (important: These factors add up, they ALL need to be taken into consideration):
|
||||||
|
|
||||||
|
Factors of highest significance and importance
|
||||||
|
|
||||||
|
- FTD-Cycle: Everyone talks about it and everyone is right: on the 21st day, statistically proven the shit hits the fan as hedgies try to kick the can down the road. But there is more:
|
||||||
|
|
||||||
|
- On day 2 and 3 as well as 12 and 13, the price declines quite often. Question for the wrinkle brains: Why could this be the case?
|
||||||
|
|
||||||
|
- SI reporting: as the famous [/u/Criand](https://www.reddit.com/u/Criand/) found out [here](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) and I could now prove, the price spikes up in the days previous to SI reporting days you can find [here](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). More specifically, the price explodes on one or both of the days prior to the SI reporting settlement days twice a month.
|
||||||
|
|
||||||
|
- Movement in after hours and premarket: Not surprisingly, the direction of AH and first hour of PM is a big determinator of closing price
|
||||||
|
|
||||||
|
Factors of high significance and importance
|
||||||
|
|
||||||
|
- Beta values: The beta values (how GME moves with the market) for various time periods (1W, 2W and 4W beta) have a big influence on the price as there seem to be cycles in which GME moves better or worse compared to the market in a predictable way (more wrinkle brains please interpret the numbers I provide below)
|
||||||
|
|
||||||
|
- Previous Day movement of GME: Generally speaking, GME price movement uses to change direction quite often - the previous day price movement tends to inverse
|
||||||
|
|
||||||
|
- First hour premarket volume: Interestingly, the volume of the first hour in PM has a big effect on the closing price: The higher the volume, the lower the closing price. Why? No idea :)
|
||||||
|
|
||||||
|
- Earnings: Ok, I covered only two dated with earnings but the price decline on the after was so significant and unexplicable with other factors that this still shows up here
|
||||||
|
|
||||||
|
- MACD: The value change of the daily MACD histogram (further explanation [here](https://www.investopedia.com/terms/m/macd.asp)) is another good price predictor. It has a positive sign, meaning: MACD moves up -> price tends to move up the next day. MACD moves down -> price tends to move down the next day
|
||||||
|
|
||||||
|
Factors which could very well play a role
|
||||||
|
|
||||||
|
- Change of the Max Pain Price: The change of max pain price (call against put options) on the previous day has a positive correlation with the closing price of today: The price tends to reflect those changes, which only makes sense.
|
||||||
|
|
||||||
|
- A certain theatre chain: The stock which may not be named not only has a big correlation to GME but also the closing prices of the previous day have a small, but interesting connection to today's GME price: It is negative, meaning: A::C moves up -> GME tends to move down the next day. Take it with a grain of salt, though.
|
||||||
|
|
||||||
|
- VIX: Previous day VIX (measure of volatiliy in the market) correlates positively to today's GME closing prices: High VIX -> Better change of GME price rising
|
||||||
|
|
||||||
|
- GME FTD: Failures to deliver of yesterday have a positive correlation to today's price: Many FTD's yesterdays -> Better change of GME price rising
|
||||||
|
|
||||||
|
- RSI: RSI, a measure of whether a stock is over- or underbought, has a positive correlation to GME price
|
||||||
|
|
||||||
|
- Ten year treasury yield: The change of yield of the 10Y treasury bond of the previous day, which is used as a significant indicator of stock market strength, has a negative correlation also to GME prices, so: Higher yield yesterday -> weaker GME price. Take it with a grain of salt though, the mathematical evidence is rather weak
|
||||||
|
|
||||||
|
Factors with little to no influence on GME price
|
||||||
|
|
||||||
|
- Market movement (previous day): Yesterdays market movements almost have no influence on today's GME price
|
||||||
|
|
||||||
|
- First hour movements of SPY and movie theater: Although there is some correlation between GME and movies / SPY, you cannot determine the development of today's price by looking at the first hour price movements of those two
|
||||||
|
|
||||||
|
- Day of week: The day of the week has no real influence on prices. You could believe otherwise with weekly options and stuff, but no.
|
||||||
|
|
||||||
|
- Difference of stock price to max pain price: This surprised me, but the difference of yesterdays stock price to the max pain price does not have an influence on the price (the direction of max pain movement price via options has, though). To me, this means that the theory, that the stock price always moves to the max pain price, is wrong. You might think so, because options are naturally playing around the current price but they dont determine it.
|
||||||
|
|
||||||
|
- ETF FTDs: The failure to delivers of ETFs containing GME DONT have an influence on GME price.
|
||||||
|
|
||||||
|
- B*C: As opposed to some of the theories here, the previous day B*C change does not have an influence on GME price. Maybe you find a relationship if you look at longer or shorter time periods, but I did not find indication that cr*pto currency sell offs lead to GME price spikes or anything.
|
||||||
|
|
||||||
|
- What you know as beta: The longterm Beta which is calculated on weekly or monthly basis over more than a year and was hyped here because it was negative has no influence on GME price, sorry guys. GME generally moves with the market and if it doesn't, this has a reason.
|
||||||
|
|
||||||
|
Alright, this was long, sorry for that. But as a transparent community, I would like to have theories on price movement and influential factors proven. We see many theories around here, not all of them are true. Thanks for many smart apes, we can prove some and debunk others.
|
||||||
|
|
||||||
|
Model details
|
||||||
|
|
||||||
|
You find all the model details here: <https://github.com/rocketapes123/GMEmodel>
|
||||||
|
|
||||||
|
With a linear model, you can model a variable (in this case: GME price change to previous day in percent) as simple equation:
|
||||||
|
|
||||||
|
GME price change = Intercept + Estimate_a * Var_a + Estimate_b * Var_b.....
|
||||||
|
|
||||||
|
I have started with two models:
|
||||||
|
|
||||||
|
Model 1 including FTDs until mid of may:
|
||||||
|
|
||||||
|
```
|
||||||
|
ReturnGME~Sett+Volume1HPM+Return1H+FTD+Weekday+Beta.3M+Beta4W+Beta2W+Beta1W+B...C+MaxPain+RGME_PD+RA*C_PD+ReturnAMPD+TenYCPD+ReturnSPY+RSIPD+SP1H+A*C1H+MACDHISTPD+EarningsPD+VIXPD+mPlastPrice+GMEFTDPD+ETFFTDPD
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
Model 2 excluding FTDs until June 11:
|
||||||
|
|
||||||
|
```
|
||||||
|
ReturnGME~Sett+Volume1HPM+Return1H+FTD+Weekday+Beta.3M+Beta4W+Beta2W+Beta1W+B*C+MaxPain+RGME_PD+RA*C_PD+ReturnAMPD+TenYCPD+ReturnSPY+RSIPD+SP1H+A*C1H+MACDHISTPD+EarningsPD+VIXPD+mPlastPrice+GMEFTDPD+ETFFTDPD
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
With stepwise elimination of variables, I reduced the model to the relevant variables:
|
||||||
|
|
||||||
|
Model 1 compressed:
|
||||||
|
|
||||||
|
```
|
||||||
|
ReturnGME ~ Sett + Volume1HPM + Return1H + FTD + Beta4W + Beta2W + Beta1W + MaxPain + RGME_PD + ReturnAMPD + A...C1H + MACDHISTPD + EarningsPD + VIXPD + GMEFTDPD
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
Model 2 compressed:
|
||||||
|
|
||||||
|
```
|
||||||
|
ReturnGME ~ Sett + Volume1HPM + Return1H + FTD + Beta4W + Beta2W + Beta1W + B*C + RGME_PD + RA...C_PD + ReturnAMPD + TenYCPD + RSIPD + MACDHISTPD + EarningsPD + VIXPD
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
Results of the models:
|
||||||
|
|
||||||
|
Model 1 compressed:
|
||||||
|
|
||||||
|
```
|
||||||
|
Call:
|
||||||
|
lm(formula = ReturnGME ~ Sett + Volume1HPM + Return1H + FTD +
|
||||||
|
Beta4W + Beta2W + Beta1W + MaxPain + RGME_PD + ReturnAMPD +
|
||||||
|
A*C1H + MACDHISTPD + EarningsPD + VIXPD + GMEFTDPD, data = data)
|
||||||
|
|
||||||
|
Residuals:
|
||||||
|
Min 1Q Median 3Q Max
|
||||||
|
-13.064 -3.617 0.000 3.296 14.404
|
||||||
|
|
||||||
|
Coefficients:
|
||||||
|
Estimate Std. Error t value Pr(>|t|)
|
||||||
|
(Intercept) -1.089e+01 1.191e+01 -0.914 0.367437
|
||||||
|
Sett1 3.641e+01 5.779e+00 6.301 4.55e-07 ***
|
||||||
|
Volume1HPM -6.383e-05 3.034e-05 -2.104 0.043350 *
|
||||||
|
Return1H 2.631e+00 4.183e-01 6.290 4.70e-07 ***
|
||||||
|
FTD2 -5.024e+01 1.064e+01 -4.721 4.46e-05 ***
|
||||||
|
FTD3 -4.474e+01 1.114e+01 -4.015 0.000335 ***
|
||||||
|
FTD4 -1.962e+01 8.175e+00 -2.400 0.022407 *
|
||||||
|
FTD5 -1.564e+01 8.444e+00 -1.853 0.073182 .
|
||||||
|
FTD6 -1.196e+01 8.441e+00 -1.417 0.166289
|
||||||
|
FTD7 -9.609e+00 8.527e+00 -1.127 0.268163
|
||||||
|
FTD8 -1.017e+01 8.360e+00 -1.217 0.232590
|
||||||
|
FTD9 -1.074e+01 8.348e+00 -1.287 0.207281
|
||||||
|
FTD10 -2.731e+01 8.155e+00 -3.350 0.002085 **
|
||||||
|
FTD11 -1.871e+01 9.679e+00 -1.933 0.062089 .
|
||||||
|
FTD12 -4.335e+01 1.045e+01 -4.148 0.000231 ***
|
||||||
|
FTD13 -4.216e+01 9.586e+00 -4.398 0.000113 ***
|
||||||
|
FTD14 -1.123e+01 7.802e+00 -1.440 0.159666
|
||||||
|
FTD15 -7.598e+00 8.420e+00 -0.902 0.373609
|
||||||
|
FTD16 -1.371e+01 8.580e+00 -1.598 0.119820
|
||||||
|
FTD17 -1.423e+01 8.278e+00 -1.719 0.095223 .
|
||||||
|
FTD18 -1.588e+01 8.637e+00 -1.838 0.075329 .
|
||||||
|
FTD19 -1.373e+01 8.509e+00 -1.613 0.116579
|
||||||
|
FTD20 -9.808e+00 8.535e+00 -1.149 0.259011
|
||||||
|
FTD21 1.911e+01 9.799e+00 1.950 0.059921 .
|
||||||
|
Beta4W -3.992e-01 1.729e-01 -2.310 0.027517 *
|
||||||
|
Beta2W 5.655e-01 2.330e-01 2.427 0.021019 *
|
||||||
|
Beta1W -3.329e-01 1.616e-01 -2.060 0.047609 *
|
||||||
|
MaxPain 2.792e-01 1.635e-01 1.707 0.097437 .
|
||||||
|
RGME_PD -5.448e-01 1.530e-01 -3.561 0.001181 **
|
||||||
|
ReturnAMPD 1.397e+00 3.667e-01 3.810 0.000595 ***
|
||||||
|
A*C1H -7.257e-01 4.269e-01 -1.700 0.098876 .
|
||||||
|
MACDHISTPD 2.140e+00 6.889e-01 3.107 0.003948 **
|
||||||
|
EarningsPD -2.731e+01 1.160e+01 -2.355 0.024824 *
|
||||||
|
VIXPD 9.884e-01 5.047e-01 1.958 0.058947 .
|
||||||
|
GMEFTDPD 6.550e-05 3.731e-05 1.756 0.088738 .
|
||||||
|
---
|
||||||
|
Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
|
||||||
|
|
||||||
|
Residual standard error: 7.413 on 32 degrees of freedom
|
||||||
|
Multiple R-squared: 0.9103, Adjusted R-squared: 0.8149
|
||||||
|
F-statistic: 9.548 on 34 and 32 DF, p-value: 2.596e-09
|
||||||
|
|
||||||
|
```
|
||||||
|
|
||||||
|
Model 2 compressed:
|
||||||
|
|
||||||
|
```
|
||||||
|
Call:
|
||||||
|
lm(formula = ReturnGME ~ Sett + Volume1HPM + Return1H + FTD +
|
||||||
|
Beta4W + Beta2W + Beta1W + B*C + RGME_PD + RA*C_PD + ReturnAMPD +
|
||||||
|
TenYCPD + RSIPD + MACDHISTPD + EarningsPD + VIXPD, data = data)
|
||||||
|
|
||||||
|
Residuals:
|
||||||
|
Min 1Q Median 3Q Max
|
||||||
|
-16.6535 -4.4684 -0.6397 4.4523 25.7623
|
||||||
|
|
||||||
|
Coefficients:
|
||||||
|
Estimate Std. Error t value Pr(>|t|)
|
||||||
|
(Intercept) -4.074e+01 1.598e+01 -2.549 0.013989 *
|
||||||
|
Sett1 1.565e+01 5.028e+00 3.113 0.003088 **
|
||||||
|
Volume1HPM -8.234e-05 3.577e-05 -2.302 0.025637 *
|
||||||
|
Return1H 2.007e+00 5.069e-01 3.959 0.000243 ***
|
||||||
|
FTD2 -5.185e+00 1.013e+01 -0.512 0.611216
|
||||||
|
FTD3 -1.211e+01 8.966e+00 -1.350 0.183168
|
||||||
|
FTD4 5.329e+00 8.798e+00 0.606 0.547468
|
||||||
|
FTD5 -1.206e+00 8.464e+00 -0.142 0.887296
|
||||||
|
FTD6 1.198e+00 8.737e+00 0.137 0.891454
|
||||||
|
FTD7 8.505e-02 9.220e+00 0.009 0.992677
|
||||||
|
FTD8 1.327e+01 8.470e+00 1.566 0.123737
|
||||||
|
FTD9 7.258e+00 8.522e+00 0.852 0.398582
|
||||||
|
FTD10 -1.385e+01 8.327e+00 -1.663 0.102749
|
||||||
|
FTD11 -1.024e-14 9.909e+00 0.000 1.000000
|
||||||
|
FTD12 -7.953e+00 9.406e+00 -0.845 0.401959
|
||||||
|
FTD13 -5.410e+00 9.009e+00 -0.600 0.550974
|
||||||
|
FTD14 9.777e-15 8.865e+00 0.000 1.000000
|
||||||
|
FTD15 1.063e+01 8.958e+00 1.187 0.240998
|
||||||
|
FTD16 2.623e+00 8.929e+00 0.294 0.770202
|
||||||
|
FTD17 -7.713e+00 8.858e+00 -0.871 0.388130
|
||||||
|
FTD18 -1.733e+00 9.249e+00 -0.187 0.852146
|
||||||
|
FTD19 2.827e+00 8.567e+00 0.330 0.742814
|
||||||
|
FTD20 -1.729e-14 9.230e+00 0.000 1.000000
|
||||||
|
FTD21 1.948e+01 9.232e+00 2.110 0.039948 *
|
||||||
|
Beta4W -1.007e-01 2.195e-01 -0.459 0.648532
|
||||||
|
Beta2W 2.997e-01 2.478e-01 1.210 0.232146
|
||||||
|
Beta1W -1.873e-01 1.625e-01 -1.153 0.254594
|
||||||
|
B*C -1.793e-01 2.701e-01 -0.664 0.509813
|
||||||
|
RGME_PD -1.556e-01 1.817e-01 -0.856 0.395913
|
||||||
|
RA*C_PD -1.865e-01 1.094e-01 -1.705 0.094556 .
|
||||||
|
ReturnAMPD 1.772e+00 4.559e-01 3.887 0.000305 ***
|
||||||
|
TenYCPD -5.988e-01 3.491e-01 -1.715 0.092623 .
|
||||||
|
RSIPD 3.419e-01 1.802e-01 1.897 0.063783 .
|
||||||
|
MACDHISTPD 1.959e+00 8.426e-01 2.325 0.024262 *
|
||||||
|
EarningsPD -1.611e+01 9.099e+00 -1.770 0.082947 .
|
||||||
|
VIXPD 1.049e+00 6.372e-01 1.646 0.106149
|
||||||
|
---
|
||||||
|
Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
|
||||||
|
|
||||||
|
Residual standard error: 9.569 on 49 degrees of freedom
|
||||||
|
Multiple R-squared: 0.7932, Adjusted R-squared: 0.6455
|
||||||
|
F-statistic: 5.37 on 35 and 49 DF, p-value: 5.649e-08
|
||||||
|
```
|
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*
|
@ -0,0 +1,142 @@
|
|||||||
|
An update on relationships between stocks - STATISTICS ROCKS! - Brought to you by the SuperstonkQuants 🦍🥼🔬🚀
|
||||||
|
===============================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/xpurplexamyx](https://www.reddit.com/user/xpurplexamyx/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nym1ua/an_update_on_relationships_between_stocks/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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: Some folks have asked for a TA;DR. It's sorta hard to distill this post down into a mere sentence, but I'll try to channel my smooth brain:
|
||||||
|
|
||||||
|
TA;DR - A few things are going on in this post; the whole thing is worth reading, but distilled down:
|
||||||
|
|
||||||
|
1. A lot of data science to help wrinkled apes who are attempting to correlate things not fall into the pit of mis-correlation of time series data.
|
||||||
|
|
||||||
|
2. A pretty awesome tool for quickly checking correlation of two stocks over a given time period!
|
||||||
|
|
||||||
|
3. A peer-reviewed confirmation of correlation between GME, AMC, BBBY, KOSS, NAKD, NOK, and VIX."Before we were only looking at the graphs and hand wavingly saying "eh, close enough". That is a far cry from showing a correlation." - [u/half_dane](https://www.reddit.com/u/half_dane/)
|
||||||
|
|
||||||
|
Also: CORRELATION != CAUSATION. Nothing in this post attempts to speak to or address the "why".
|
||||||
|
|
||||||
|
Edit: Please also check out [u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/)'s RRP/GME analysis here, which makes use of the tooling this thread talks about: <https://www.reddit.com/r/DDintoGME/comments/nype4f/is_gmes_price_related_to_the_reverse_repo_rate_in/>
|
||||||
|
|
||||||
|
Preface:
|
||||||
|
|
||||||
|
I ([u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)) am posting this on behalf of one of the [SuperstonkQuants](https://www.superstonkquant.org/) wrinkle brains, [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/), who lurks reddit and as a result does not have sufficient karma to post directly.
|
||||||
|
|
||||||
|
Though they call me out in their post as having contributed, I feel that is an overstatement. Most if not all of the interactions I have with the incredible analysts who have joined the dark basement that is the SuperstonkQuants [go along these lines.](https://www.youtube.com/watch?v=SmHl7hKlVj4) I am good at pulling data together for them to sink their collective teeth into though, so I do what I can to support their quest to [generate graphs.](https://www.youtube.com/watch?v=sIlNIVXpIns)
|
||||||
|
|
||||||
|
This all to *provide a disclaimer* that while I will act as a conduit for answers to any questions you may ask in the comments, I probably don't know the answer myself and am learning along with the rest of you. If a mod passes by and fancies approving [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/), that would be appreciated! :)
|
||||||
|
|
||||||
|
---------------
|
||||||
|
|
||||||
|
Hello from SuperstonkQuants (the subreddit's quant group that spawned out of a request for analysis from [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/))! I wanted to let you know that there are some seriously amazing things going on there, and we all look forward to sharing them with you!
|
||||||
|
|
||||||
|
I am on the low-level analysis side, and wanted to bring you all up to speed on how to answer questions like: *Is X related to Y?* This is one of the most common types of questions we receive, so that is what I have been focused on. It turns out, this is more complicated to answer than you might think. If you google how to see if two stocks are related, even Yahoo Finance will tell you to run a correlation.Correlations are misleading due to the type of data we are working with.
|
||||||
|
|
||||||
|
For this reason, I wanted to put a post together, so those of you who are answering such questions on your own will have the tools to do so. Statistics answers the question, *"how confident are you in the effect"*? This is a big deal when you are making claims about worldwide illegal activity, so we want to make the tools available to all apes.
|
||||||
|
|
||||||
|
This is not only my work, but that of many other SuperstonkQuants contributors - particularly an extremely stubborn and skeptical analyst who will forever remain in the shadows while demanding *more proof*; [u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/); [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/); and Hydra - as well as my wife.
|
||||||
|
|
||||||
|
Quick qualifications: I am a professor and teach statistics to undergrads. My wife is a PhD statistician, and has way more stats wrinkles than I do - her input has been invaluable.
|
||||||
|
|
||||||
|
Side note: I am extremely passionate about education. One of the primary ways the hella rich have stayed in power is to make sure the masses are not educated. *The less educated we are, the easier we are to be manipulated*. Education funding is abysmal in the US, I hope this will change in the future. Superstonk is an AMAZING example of what happens when a large group of people become educated. I have learned a metric shed ton about the financial world from this sub, and I hope to return the favor in this post. I am not approved to post, but I am [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/). Feel free to message me if you have any questions! I would also be happy to do some more educational posts in the future if there is interest.
|
||||||
|
|
||||||
|
Now, ON TO STATISTICS...
|
||||||
|
|
||||||
|
Let's look at correlations first (basics to why it doesn't work for us)
|
||||||
|
|
||||||
|
*This in no way means that any correlation findings posted previously are wrong! Instead, I am suggesting we re-evaluate them to make sure the findings are valid.*
|
||||||
|
|
||||||
|
Whenever I run statistics, I want to make sure that they work. I do this by seeing if they show a relationship when they should, and if they show no relationship when there is none.
|
||||||
|
|
||||||
|
A correlation is used when you have two continuous variables (like two stocks), and you want to see if they are related. The standard correlation combines two things: how well the two variables move together (covariance) and how spread out the data is (variance). THIS IS AMAZING, correlations are seriously clever. However, every statistical analysis comes with assumptions (the fine print) that even peer reviewed publications do not pay attention to.
|
||||||
|
|
||||||
|
The most common correlation is a [Pearson's correlation coefficient](https://en.wikipedia.org/wiki/Pearson_correlation_coefficient) (r). A Pearson's r is a value between -1 and 1, the absolute value of which reflects the strength of the relationship, and the sign indicates the direction (positive -- as one variable increases, the other increases; negative -- as one variable increases, the other decreases). From your r and the size of the dataset, you can get a p-value that is the probability that you found the effect due to chance (sort of). If p = 0.05, that means that there is a 5% chance that there is no effect, even though your stats show one.
|
||||||
|
|
||||||
|
A few notes before we look at numbers:
|
||||||
|
|
||||||
|
1. A more accurate explanation of a p-value is the following: if we were to run the same test over and over on different samples from the same population, p is the probability of finding an effect due to chance.
|
||||||
|
|
||||||
|
2. There is a completely arbitrary cutoff of p=0.05 to indicate significance. That is, if p <= 0.05 the effect is significant, if p > 0.05, it is not. I don't necessarily agree with this, but it will be used as a standard for now.
|
||||||
|
|
||||||
|
3. Although I will be using a Pearson's r as an example, a [Spearman's r](https://en.wikipedia.org/wiki/Spearman%27s_rank_correlation_coefficient) is more appropriate for stock data. I have tested Spearman's in the same way and found similar results.
|
||||||
|
|
||||||
|
The correlation between GME and AMC is (r = 0.71, p = 2.2 e -16). That's a p value with more zeros than I even thought possible! Now let's look at something that should not be correlated, GME and SPY (r = 0.78, p = 2.2 e -16). *They are basically the same*. They are so similar I had to continually check my code. This is certainly not true for all stocks, I just found it to be a good example.
|
||||||
|
|
||||||
|
*Why might this be?*
|
||||||
|
|
||||||
|
At the bottom of this linked page, there is a nice list of the assumptions along with an explanations: <https://statistics.laerd.com/statistical-guides/pearson-correlation-coefficient-statistical-guide.php>
|
||||||
|
|
||||||
|
The biggest issue with stock data is it breaks the independence assumption (assumption 3). The independence assumption basically says that each observation within a variable should be independent of other observations in the same variable.
|
||||||
|
|
||||||
|
So if I were to look at the relationship between size of ape 🦍 and number of bananas 🍌eaten daily, we would likely see a positive correlation:
|
||||||
|
|
||||||
|
🐒= 🍌🍌
|
||||||
|
|
||||||
|
🦍= 🍌🍌🍌🍌🍌
|
||||||
|
|
||||||
|
🦧= 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌
|
||||||
|
|
||||||
|
Here, the number of bananas eaten by one ape 🦍*does not depend* on the number of bananas 🍌 another ape 🦍 has eaten (assuming an all-inclusive banana buffet 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌).
|
||||||
|
|
||||||
|
In stock data, this is not true. The opening price on one day depends on the price in a previous day. This type of data is called *time series data*, which just means it changes over time. One way statisticians talk about this is called autocorrelation, which is simply that observations in a variable are correlated with others in that variable (it is correlated with itself).
|
||||||
|
|
||||||
|
[DISCLAIMER: I am not an expert in time series data. I have been doing a lot of research lately to try to catch up. If anyone has a better method than the one below, please let me know!]
|
||||||
|
|
||||||
|
Removing autocorrelation from the data:
|
||||||
|
|
||||||
|
There are a few ways to deal with this, but we ultimately decided to remove the autocorrelation from the data and do our statistics on the result. The methods used are not developed by us. They were found from an excellent graduate student statistics class at Penn State (<https://online.stat.psu.edu/stat510/lesson/1>) and from this online text book by Rob J Hyndman and George Athanasopoulos (<https://otexts.com/fpp2/index.html>).
|
||||||
|
|
||||||
|
We tried A LOT of different methods (filtering data through ARIMA models, transforming data using various functions, etc). The resulting data from many of the methods could only be used specifically for correlations, and there is a lot of other tests we want to do (see future directions below). We recently decided on a simple transformation that does a great job (though not perfect), called differencing. The result will sometimes have small autocorrelation left in the data, but it is simple, clean, and hopefully I will convince you below that it works for our purposes.
|
||||||
|
|
||||||
|
Differencing is typically used to stabilize the mean of a time series, so you can focus on fluctuations. It is a transform where you subtract the previous observation from the current observation for all data. So difference(t) = observation(t) -- observation(t-1). There is a lot more to discuss out this, and I would be happy to answer questions, but here I want to get to why I think it works (this post is long enough as is).
|
||||||
|
|
||||||
|
After differencing the data, I used a cross-correlation to find out if X and Y were related. Cross-correlation is nice because the data does not have to line up perfectly to find a relationship. For example, if you think a large change in AMC will precede GME, the cross correlation will find that relationship for you.
|
||||||
|
|
||||||
|
That was a lot of writing, thank you if you stuck around until now!
|
||||||
|
|
||||||
|
Proof of concept
|
||||||
|
|
||||||
|
Let's look at some graphs. On all graphs below, the left panel shows price data, and the right shows the cross-correlation results. The results are shown as a bar graph with lag on the x-axis (days in this case) and Pearson's correlation coefficient on the y-axis. If a bar crosses the horizontal blue line, it is significant at the p=0.05 level.
|
||||||
|
|
||||||
|
To help with interpreting the data, I messed around with the mini squeeze from GME in January. The following is correlating that data with itself with different lags/transformations, which means that the r = 1 in every result.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mq8x1fuovx471.png?width=3024&format=png&auto=webp&s=4a10bc8965c5e261cd6522b97b4ee0935c84cb09)
|
||||||
|
|
||||||
|
Now we can see how to interpret the results, but how do we know if it is actually working? The above examples show that the method can detect a significant result, so let's look at the relationship between GME and SPY again, just like we did in the beginning.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hgg0q2tpvx471.png?width=2140&format=png&auto=webp&s=1929d7bdcfaf5755e9fc022a7321894796f5c420)
|
||||||
|
|
||||||
|
I WAS SO HAPPY WHEN I SAW THIS. I tested a bunch of other stocks (and simulated data) that shouldn't be related, so now I feel confident that the method works (if you want more information, please let me know). To finish this off, I want to show results from some real data, which is never as clean as my examples above.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cicfdenqvx471.png?width=3032&format=png&auto=webp&s=200877f436463a02b344f0f1dd5aa8011279b80c)
|
||||||
|
|
||||||
|
Replication of Q1: Comparison of GME, AMC, BBBY, KOSS, NAKD, NOK, and VIX
|
||||||
|
|
||||||
|
*Ed note:* [*Q1 bitbucket repo is here*](https://github.com/SuperstonkQuants/q1_correlations)
|
||||||
|
|
||||||
|
While it is easy to get excited about results (I get overly excited), always remember correlation does not equal causation, so we may have mediators and moderators that are contributing to the effect.
|
||||||
|
|
||||||
|
I am going to stay in my lane and not speculate what this all *means*, rather this is just an example with real data. All have significance at lag 0, showing that the two stocks are related with no shift. One result I would like to talk about is GME vs. NOK. Visually, it does not look as though they are correlated, yet the results say it is. I was worried that this was an issue with the method, but if I zoom in on NOK we see a nice bump in opening price at the same time as the spike in GME opening price. *This is why it is so important to do the stats*. Graphical representations are amazing, I've literally drooled over some of the graphs you all have posted, but it is also worth seeing what the stats tell us so we don't miss anything (or make speculations about relationships that do not exist).
|
||||||
|
|
||||||
|
IMPORTANT DISCLAIMER: When you run a statistical test over and over on data, the chances that you see an effect do to chance increases. For example, let's say all effects have a p=0.05. If we run 1000 tests, then 50 of those tests will show something that isn't real. A lot of questions we've received ask about more than two stocks, so we will deal with the issue soon (discussed below).
|
||||||
|
|
||||||
|
Future directions
|
||||||
|
|
||||||
|
Now that we have a good method for correlations, there is a lot we can do! First, we want to compare more than two stocks at once. Since we removed the autocorrelation (ish) from the data, we can use standard approaches like multiple regression to do that. After that we have a few things going on:
|
||||||
|
|
||||||
|
- As I speak, other quant apes are running rolling correlations with the data (see when stocks become related)
|
||||||
|
|
||||||
|
- I would like to get a path analysis script together, which will give us more information on how extensive the market manipulation is.
|
||||||
|
|
||||||
|
- We want to use this method for crypto data (which is even messier than stock data) as many of you have suggested.
|
||||||
|
|
||||||
|
- WHATEVER ELSE YOU COME UP WITH
|
||||||
|
|
||||||
|
Our strength comes from the hive mind, so I hope many of you can use these tools to ask your own questions. The code will be [available on the github](https://github.com/SuperstonkQuants/statistics_rocks), so go have a look (and also check out all the other amazing stuff there).
|
||||||
|
|
||||||
|
The more we know, the better prepared we will be to make sure the world is a better place. I love all you sexy, hairy apes <3 and a shoutout to the mods who are doing an AMAZING job.
|
@ -0,0 +1,130 @@
|
|||||||
|
Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨💻🧐🚀
|
||||||
|
===================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/orangecatmasterrace](https://www.reddit.com/user/orangecatmasterrace/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nype4f/is_gmes_price_related_to_the_reverse_repo_rate_in/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Hi everyone! I'm [u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/) - a longtime reddit lurker, but I've been involved in GME since January. I'm posting here as I don't yet have enough karma to post directly to [r/Superstonk](https://www.reddit.com/r/Superstonk/). I wanted to share an analysis that I, along with the incredibly talented apes at [Superstonk Quants](https://www.superstonkquant.org/) pulled together over the past couple days. We're the group that initially banded together to aid [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) in his [quest for data-driven DD](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/?utm_source=share&utm_medium=web2x&context=3).
|
||||||
|
|
||||||
|
The Superstonk Quants want to ensure that data-driven insights around GME and the surrounding market are arrived at correctly, with the correct methodology, in conjunction with an internal peer review process. We're hoping that this analysis will be a small step towards providing this incredible community with accurate data behind what is going on right now. We've got many more irons in the fire right now, which we're super excited to share soon! 🚀
|
||||||
|
|
||||||
|
Brief background: I'm a data analyst by trade, with a background in psychology, data science, and behavioral analysis. I work with data 5/7 days of the week (now more like 7/7 since joining the Quants) but financial/stock market data is certainly a new flavor for me. This work has already allowed me to learn a lot and stretch my data legs a lot further than I thought!
|
||||||
|
|
||||||
|
Without any further ado, lets jump into this, shall we? 😏
|
||||||
|
|
||||||
|
This analysis was brought about after we saw a post that got some traction recently, seeking to derive [correlation between the Reverse Repo rates and the share price of GME](https://www.reddit.com/r/Superstonk/comments/nx2mg4/statistical_proof_that_hedgies_r_fuk_and_the_repo/).
|
||||||
|
|
||||||
|
While the idea behind this analysis was sound, and the hypotheses that [u/bobsmith808](https://www.reddit.com/u/bobsmith808/) developed were an interesting starter to the analysis, unfortunately, the methodology behind the comparisons and the conclusions were not completely accurate. (Its ok Bob! You're still a true ape and we love you!)
|
||||||
|
|
||||||
|
In order to properly determine the answer to the question, "Is GME's price related to the Reverse Repo Rate in some way?" we needed to approach this with a methodology that controls for some of the tricky nuances that come with working on time series data.
|
||||||
|
|
||||||
|
My partner in crime, the incredibly bewrinkled statistics sensei [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/), did an amazing job introducing and explaining many of the factors we had to take into consideration when conducting this analysis in his [recent DD](https://www.reddit.com/r/Superstonk/comments/nym1ua/an_update_on_relationships_between_stocks/).
|
||||||
|
|
||||||
|
I'd strongly recommend reading through his post before continuing, as the concepts that I'll be covering build directly off of those established there. I've got to give a huge shout out to our resident golden (data) retriever [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/) and an unyieldingly anonymous Wendy's-fueled analyst for their input and perspective on solving this problem; this was absolutely a team effort! 🐒🦍🦧
|
||||||
|
|
||||||
|
Ok! So now that you're all a tad bit wrinklier about working with time series data, I want to run you through what I found through the course of my analysis.
|
||||||
|
|
||||||
|
First, I loaded up the GME OHLC and Reverse Repo data from 1/1/2020 through 6/10/2021, and wanted to make sure I could reproduce the scatter plots that [u/bobsmith808](https://www.reddit.com/u/bobsmith808/) pulled together in his analysis in order to validate I was using the same data :) Reproducibility is important here!
|
||||||
|
|
||||||
|
I plotted the GME Open price against the Reverse Repo Daily Totals, and arrived at a very similar looking dinosaur(?)-shaped plot.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9qy00vbdry471.png?width=763&format=png&auto=webp&s=ed89a492727673f4634b9084ce464fbde8fce805)
|
||||||
|
|
||||||
|
🦕 says rawr
|
||||||
|
|
||||||
|
Ok, so now that we know we're looking at the same thing, lets start to use the methodology that [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/) shared in his post to determine if a relationship exists here.
|
||||||
|
|
||||||
|
I applied an [ARIMA model](https://www.rdocumentation.org/packages/forecast/versions/8.15/topics/Arima) to the GME Open price to see if there was any reasonable lag in GME's price that could have a relationship with the Reverse Repo. Basically, what I wanted to look for here was if GME's Price changing (both direction and magnitude) could be related to the Reverse Repo at some leading or lagging interval. The ARIMA model gives me values called residuals, which are the differences between each of the daily GME Open prices. Running this model controls for autocorrelation and allows us to run a CCF (cross-correlation) between the model's residuals and the Reverse Repo Daily Totals.
|
||||||
|
|
||||||
|
After running the CCF, here's what we get:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7ndp686try471.png?width=735&format=png&auto=webp&s=b719c9feb750cc2ecf8fa9fb8c12a6e109bde73a)
|
||||||
|
|
||||||
|
The lines Mason! What do they mean?!
|
||||||
|
|
||||||
|
These might look like a whole bunch of useless lines, but these lines tell us...*things!* What we're looking at here is how strong of a relationship the changes in GME's price has with the Reverse Repo Daily Totals, at various daily offsets (lags), both forward and backward.
|
||||||
|
|
||||||
|
BUT -- In order for a statistically significant relationship to exist, we'd have to see one of these lines extending past the blue dotted line. That's our threshold for significance at the p=0.05 level.
|
||||||
|
|
||||||
|
Since none of the vertical lines crossed the blue dotted lines, we can initially assume that these 2 variables are not correlated with each other, at least at any level of statistical significance.
|
||||||
|
|
||||||
|
BUT LET'S NOT THROW IN THE TOWEL YET!
|
||||||
|
|
||||||
|
I'm not gonna let 1 measly chart tell me that nothing's there!
|
||||||
|
|
||||||
|
Perhaps there's another way we could investigate this relationship?
|
||||||
|
|
||||||
|
Well, I'm glad you asked, because there absolutely is!
|
||||||
|
|
||||||
|
Now, before I go into what this methodology is, I have to preface: I'm a huge data visualization guy. It's probably my favorite aspect of working with data. I have to be able to *see the data* to really, fully understand it most of the time. So I wanted to find a methodology that was able to satisfy both the statistical *and* the visual aspect of this question.
|
||||||
|
|
||||||
|
After spending an unhealthy amount of time scouring through scholarly papers and too many Google results telling me to just "run a correlation" I stumbled on the *very cool* approach of Rolling Correlation.
|
||||||
|
|
||||||
|
Rolling Correlation is an approach to analyzing time series data that uncovers specifically WHEN and HOW MUCH two series are related to each other in time, at dynamic time windows. Rather than taking a static, overall calculation of correlation between two series over the entire span of time, rolling correlation brings the aspect of TIME into center stage -- allowing you to see *visually* when the two series might be related to each other and when they're not, on our favorite correlation scale of -1 to 1: -1 being perfectly negatively correlated, 1 being perfectly positively correlated, and 0 being no correlation.
|
||||||
|
|
||||||
|
Now before we go comparing every ticker on the planet to each other, there's another important wrinkle that we need to develop.
|
||||||
|
|
||||||
|
Remember back to the wise words of Papa [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/): *"The biggest issue with stock data is it breaks the independence assumption."* That's fancy statistical ape speak for "every single data point in your series is related to the ones before and after it."
|
||||||
|
|
||||||
|
We can't just chuck raw price data into a rolling correlation and walk away with results; we need to remove the autocorrelation from the data in order to have a meaningful result. We're going to use the method that [u/braaaaiiinnnsss](https://www.reddit.com/u/braaaaiiinnnsss/) -sama introduced of differencing here again.
|
||||||
|
|
||||||
|
So I then calculated the differences for the daily GME Open prices and the Reverse Repo Totals. These differenced values are what we're going to compare, not the raw price values.
|
||||||
|
|
||||||
|
Next, within the rolling correlation function, we need to supply a "window" for the span of time that we want our correlations to span. This value is extremely important, as using too small of a value will result in an wild, noisy output that doesn't make a lot of sense, and too large of a value will result in a calculation that isn't sensitive enough to changes within the data. The general rule of thumb with time series data is that you need *at minimum* 25 observations in order to get a reliable correlation. After a little bit of trial and error, I settled on using a 60-day window. This gave a nice balance of interpretability in the results, and it wasn't too over or under sensitive in changes with the data.
|
||||||
|
|
||||||
|
After running the rolling correlation, here's what we get:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/poiviqtpty471.png?width=1077&format=png&auto=webp&s=f27eb0fbdce33f99d3f48e98e22209f12a17526f)
|
||||||
|
|
||||||
|
Well that's certainly *something!*
|
||||||
|
|
||||||
|
This plot shows the degree at which the two differenced variables are related to each other, at each of the 60-day rolling windows over time. each point along the line represents a window of 60 days, advancing through time, left to right. The closer the correlation line is to the bright red or blue lines at -1 and 1, the stronger the relationship between the variables, either negative or positive. The closer to the light blue center line, the weaker the relationship.
|
||||||
|
|
||||||
|
Since the points are between 0.5 and -0.5, mostly along the center line at 0, we can assume that the GME Open price and the RRP Daily Totals are generally not strongly correlated with each other, *particularly so* after the January run-up.
|
||||||
|
|
||||||
|
If a correlation actually existed there, we'd see those black dots much closer to either of the red lines, and it might look something like.... oh, I don't know.... the comparison between GME and AMC? 😏
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qefqa015uy471.png?width=1198&format=png&auto=webp&s=a43a2b3dbf2e9ba8bec872c43416246b671005fa)
|
||||||
|
|
||||||
|
.98 is a VERY strong correlation during that window 😤
|
||||||
|
|
||||||
|
...but that's the subject of my next DD for another day 😏🚀
|
||||||
|
|
||||||
|
Anyways! I didn't want to stop with just *one comparison.*
|
||||||
|
|
||||||
|
I wanted to see if potentially the number of Reverse Repo Counterparties might have some kind of relationship, even if the Totals themselves didn't. So I ran a similar analysis with differenced values for GME's Open again along with the Counterparties, and here's the result:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qrt9rp2vuy471.png?width=1076&format=png&auto=webp&s=ddb96385a984b31d33c9a42a953b53023cd79e25)
|
||||||
|
|
||||||
|
Nope, nothing significant here either.
|
||||||
|
|
||||||
|
BUT I WASN'T DONE YET.
|
||||||
|
|
||||||
|
I ran a third analysis on the amount of Reverse Repo Totals per Counterparty against GME's Open price.
|
||||||
|
|
||||||
|
Third time's the charm?
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mmw3xfc1vy471.png?width=1076&format=png&auto=webp&s=707dd17844502824c53e778654e9f1bacbec7c17)
|
||||||
|
|
||||||
|
Nope, still no significant relationship to speak of.
|
||||||
|
|
||||||
|
I feel pretty confident based on this approach that no statistically significant relationship exists, or has ever really existed between GME's price and the Reverse Repo.
|
||||||
|
|
||||||
|
But worry not fellow apes! Just because the Reverse Repo isn't statistically related to GME's price movements doesn't mean the squeeze ain't gonna squoze!
|
||||||
|
|
||||||
|
The exciting part about these analyses is that they've been a catalyst for the Superstonk Quants to develop a methodology for running these comparisons. We're planning to share more results of this approach very soon!
|
||||||
|
|
||||||
|
In the meantime, if you'd like to check out the code along with a brief summary of the analysis, we've hosted the R markdown on the Superstonk Quants website [here](https://rrpgme.superstonkquant.org/)!
|
||||||
|
|
||||||
|
Additionally, the full R code is available on our [Github repo](https://github.com/SuperstonkQuants/reddit_RRPGME_corr)!
|
||||||
|
|
||||||
|
If there's one thing that I've taken away from doing this work so far, its that:
|
||||||
|
|
||||||
|
APES ARE TRULY STRONGER TOGETHER 🐒🦍🦧💎🙌🚀🚀🚀🌝
|
||||||
|
|
||||||
|
BUCKLE UP.
|
@ -0,0 +1,124 @@
|
|||||||
|
The Matrix is Everywhere. A Quant DD
|
||||||
|
====================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzajpv/the_matrix_is_everywhere_a_quant_dd/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Greetings Apetards, hold on to your tits.
|
||||||
|
|
||||||
|
Why you should not take financial advice from me:
|
||||||
|
|
||||||
|
1. I put things in my mouth that I shouldn't; play dough, brown crayolas (because keto).
|
||||||
|
|
||||||
|
2. I drank from the gutter as a child and got giardia and my brain was affected.
|
||||||
|
|
||||||
|
3. I ate [M](https://imgur.com/a/2hsRx5M)[achineel fruit](https://www.southernliving.com/garden/trees/manchineel-poison-tree) while on vacation 2 years ago because they taste good. But they make you feel very bad.
|
||||||
|
|
||||||
|
4. Copious amounts of substances that have made my mind incompatible with normal life.
|
||||||
|
|
||||||
|
Ever since [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) rallied the Quant Apes and showed [increasing levels of correlation](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) among a number of shorted stocks, I've been wondering- just how big is the House of Cards? This technical DD attempts to answer that question by mining price data for over 6K tickers and identifying stocks with similar price action to GME.
|
||||||
|
|
||||||
|
As a salute to HD Hank's work with other Quant Apes, I ran my own independent correlation analysis and created a slightly more eyeball-friendly version of the results:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8oc8uadoj4571.png?width=2002&format=png&auto=webp&s=883e5db6a01056b047c30f4ef67eeb3d38dcaa41)
|
||||||
|
|
||||||
|
In 2020, these stocks had low correlation; which is typical in a free-ish market. In 2021, we see a huge surge in correlation rates. IMO, this is indicative of hedge funds using the same or highly similar HFT algorithms to manipulate prices.
|
||||||
|
|
||||||
|
Now that we know that shorted stocks have suddenly started moving together in 2021, we can hypothesize that there are even more stocks out there that are also correlated.
|
||||||
|
|
||||||
|
Analyzing 6,319 tickers taken from North American companies trading on NYSE and Nasdaq, during the January 2021 blip:
|
||||||
|
|
||||||
|
- 16 stocks gained more than 500%
|
||||||
|
|
||||||
|
- 39 stocks gained more than 300%
|
||||||
|
|
||||||
|
- 279 stocks gained more than 100%
|
||||||
|
|
||||||
|
These numbers are interesting to me because it gives us some insight into the scale of what we are dealing with. As HD Hank said, 1 stock squeezing is *extremely* rare. I would add that 279 stocks displaying similar price action during the January blip is somewhere in the realm of god-tier what-the-fuckery.
|
||||||
|
|
||||||
|
OK, but the blip doesn't mean shit if "Shorts Have Covered"TM
|
||||||
|
|
||||||
|
[](https://preview.redd.it/sxalstfqc4571.png?width=1278&format=png&auto=webp&s=14fcfea7182b84b309280719f82bb2f6d6b89b14)
|
||||||
|
|
||||||
|
Shorts have a lot more covering to do.
|
||||||
|
|
||||||
|
So let's look at only those stocks which have been able to sustain the gains made during the January blip. Of the 279 stocks that gained more than 100% during the blip:
|
||||||
|
|
||||||
|
- 5 have maintained gains of 1,000% or higher
|
||||||
|
|
||||||
|
- 14 have maintained gains of 500% or higher
|
||||||
|
|
||||||
|
- 25 have maintained gains of 400% or higher
|
||||||
|
|
||||||
|
- 43 have maintained gains of 300% or higher
|
||||||
|
|
||||||
|
- 74 have maintained gains of 200% or higher
|
||||||
|
|
||||||
|
- 135 have maintained gains of 100% or higher
|
||||||
|
|
||||||
|
Fun Fact: The combined market cap of the 135 gainer-maintainers is 203 Billion.
|
||||||
|
|
||||||
|
If the shorts had covered, we wouldn't be looking at this many stonks holding on to ridiculous gains for over 4 months.
|
||||||
|
|
||||||
|
Of these sustained gains, GME is the king at 2,463.86%. AMC comes in second at 1,735.11%
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qs0qkcborz471.png?width=1306&format=png&auto=webp&s=187408c522c47c0de806639890f3c8e62f810bdf)
|
||||||
|
|
||||||
|
*Note that of these 135 stocks, there may be a few whose gains are unrelated to shorting/hedgefuckery/apes. That said, based on my criteria for this analysis, all 135 of these stocks experienced a big jump above their baseline in late January 2021 and have exhibited similar price action since, all while trending upwards far above their baseline while maintaining gains.
|
||||||
|
|
||||||
|
Charting these stocks makes it pretty clear that the hedgies are losing control
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mj5uu2ebd4571.png?width=3634&format=png&auto=webp&s=9eea5bd3ab14acc7d5938987d19d9f86adb597ee)
|
||||||
|
|
||||||
|
Note what a normal market looks like on the left vs. where we are now.
|
||||||
|
|
||||||
|
TRUTH or FUD!
|
||||||
|
|
||||||
|
FUD: Retail buying is the only factor driving prices up. Gamer Apes and Movie Apes are just really good at meme hype and people are FOMO'ing into these stocks in droves, and then periodically bailing out when the price action gets too spicy.
|
||||||
|
|
||||||
|
TRUTH: The fact that other stocks which don't have a community behind them are still holding onto their gains from the blip 4+ months ago AND are experiencing wild price action similar to GME, while ALSO trending upwards following their own exponential curves, tells us that *SQUEEZY MARKET FORCES* are the primary driver of what we are seeing.
|
||||||
|
|
||||||
|
IMO, retail simply doesn't have the purchasing power to maintain 100% to 2,000% gains across 135 stocks. Especially not in a post-pandemic world where nobody works and we all just gamble away our government teat-milk based on 2-star-quality wallstreetbets DD.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/wxyuzh9m30571.png?width=718&format=png&auto=webp&s=b2ee2a9c4ec406443037e4f5ecf4a57f21289c79)
|
||||||
|
|
||||||
|
*It's not that I hate my job it's just that I hate having to have a job
|
||||||
|
|
||||||
|
This analysis again led me back to HD Hank & The Quant Apes work with price action correlations among groups of stocks. Taking the top 75 gainer-maintainers from the earlier exercise, I created a correlation matrix for those stocks across 2020 and 2021. We want to see if correlation increased in 2021.
|
||||||
|
|
||||||
|
Greener cells indicate higher correlation.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/neqpx9ijq4571.png?width=1632&format=png&auto=webp&s=770d7f5e9664dead065a9eb612936a47881cdbf4)
|
||||||
|
|
||||||
|
*The diagonal white line is a byproduct of how the matrix is constructed- disregard. Also, I chose the top 75 because I didn't want to wait 3 hours for my laptop to process the larger dataset.
|
||||||
|
|
||||||
|
I know these just look like shitty QR codes, but the results are significant. *The aggregate correlation value for this set of 75 stocks in 2020 is 22.19, while the aggregate in 2021 is 60.9 (hehe).*
|
||||||
|
|
||||||
|
*This means that correlation among these stocks increased by nearly 3x in 2021*. A free market doesn't do this. A manipulated market does.
|
||||||
|
|
||||||
|
Conclusion
|
||||||
|
|
||||||
|
The House of Cards is much larger than we know. Greedy SHF's thought the pandemic was an infinite money glitch and over-extended their short positions on brick and mortars and other vulnerable industries because it "literally can't go tits up". They were so over-leveraged that the simple ape strategy of buy-and-hold became the proton torpedo down the death star vent shaft. What we are witnessing now is the beginnings of the chain reaction that blows up the whole thing.
|
||||||
|
|
||||||
|
If you aren't Star Wars savvy, [click here](https://www.quora.com/How-did-Luke-Skywalker-destroy-the-Death-Star) for an explainer.
|
||||||
|
|
||||||
|
It doesn't take much to topple a House of Cards- the real challenge is simply having the guts to do it.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/y8fbknwz80571.jpg?width=2000&format=pjpg&auto=webp&s=d313208f5fa017cb4773086c9e7c556597bdef4e)
|
||||||
|
|
||||||
|
So wen moon? Moon soon my dear apes. For the moment, [we are here](https://www.reddit.com/r/MovieDetails/comments/hml9ua/in_the_big_short_2015_the_analyst_from_standard/).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/bac2kx5m40571.png?width=960&format=png&auto=webp&s=f8bc7e886865d2b52cbc88b414e129d94cb6e7c6)
|
||||||
|
|
||||||
|
*** Thanks again to HD Hank and The Quant Apes for the inspiration for this post ***
|
||||||
|
|
||||||
|
EDIT: Full list of gainers & maintainers here:
|
||||||
|
|
||||||
|
<https://docs.google.com/spreadsheets/d/1WKPzllUsVD4Py_tfl6JsSlQA8slZ6bWpwDJ_f_ds5ps/edit?usp=sharing>
|
||||||
|
|
||||||
|
TL;DR - The Matrix is Everywhere. This is not isolated to a few stocks. Analysis shows potentially hundreds of stocks involved. SHF's are economic parasites that have infested the US financial system. Buy and Hold is causing them to lose control of perhaps ALL of their short positions. MOASS imminent.
|
@ -0,0 +1,140 @@
|
|||||||
|
GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators
|
||||||
|
====================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Hey_Madie](https://www.reddit.com/user/Hey_Madie/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o2gfvr/gme_is_a_rocketpressure_cooker_quant_analysis_of/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/emiby2pitw571.png?width=457&format=png&auto=webp&s=3e4afde797086bea502f76ad20a725d6f154a790)
|
||||||
|
|
||||||
|
Parabolic Strudel - The Ingredients
|
||||||
|
|
||||||
|
Preface
|
||||||
|
|
||||||
|
I've been following the extreme patterns and data points that GME presents for the better part of the last year. In that time, I've been refining a few theories specific to parabolic behavior. Whether at the 1-minute level or at the 1-day perspective. I have found that depending on the market conditions and with a particular set of variables, the price action for GME can be rapid and to a degree predictable. This analysis will show you a pulled-backed perspective and how the measure of 7 is the difference between a parabolic event or not.
|
||||||
|
|
||||||
|
The Theory
|
||||||
|
|
||||||
|
The RSI level for GME is being suppressed below the value of 53. If suppression were to lessen or stop, the strength and price action of GME would rapidly ascend with an unknown trajectory would persist.
|
||||||
|
|
||||||
|
*"Madie, so what you're saying is if GME gains enough strength and begins below RSI 53 and ascends past it to RSI 60 at the 1-day chart, that a parabolic event will happen?" - Yes!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8blejy727y571.png?width=1600&format=png&auto=webp&s=f2d232d539af7c0ef98b383391e574bb036abdbd)
|
||||||
|
|
||||||
|
I am not a cat, but I am a fan of The Doctor.
|
||||||
|
|
||||||
|
How accurate is your data?
|
||||||
|
|
||||||
|
I float on a few discords, I've been vibing on the WSBN Discord as of late.💚 At times, I will test data in real-time to gauge momentum shifts, whether negative or positive. I don't let people know the outcome to mitigate someone taking it as financial advice. I have a solid pattern of momentum shift predictions. At this point, the theory work is very close to near accuracy. In the chart below, I indicated a time and momentum shift. It just so happen to extend into a parabolic event.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/owggil0prx571.png?width=672&format=png&auto=webp&s=2c2a91642df9741c636afb8a6c598a9eee831bae)
|
||||||
|
|
||||||
|
A different theory measured at the 1-minute level.
|
||||||
|
|
||||||
|
A few of my previous theory posts.
|
||||||
|
|
||||||
|
[The Theory on GME Parabolic Activity](https://www.reddit.com/r/Superstonk/comments/nn4a59/the_theory_on_gme_parabolic_activity/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
[Working Theory of Parabolic Events 2.0](https://www.reddit.com/r/Superstonk/comments/neopc9/working_theory_of_parabolic_events_20/)
|
||||||
|
|
||||||
|
[I'm bullish - Testing my Parabolic Theory](https://www.reddit.com/r/Superstonk/comments/nuutpg/im_bullish_testing_my_parabolic_theory/)
|
||||||
|
|
||||||
|
Indicators & Purpose
|
||||||
|
|
||||||
|
I see the potential value of this theory work to help define or create novel indicators to understand market conditions and landscape. All indicators use specific and public data points to provide us with a measure, not an answer. When the MOASS comes and goes, many of us will return to the market. I want to apply my theory work towards enacting change and scaling indicators based on the lessons learned and data related to GME, Shorting, et al. Indicators are in need of a refresh.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9vaet9zvsx571.png?width=610&format=png&auto=webp&s=438023852753e66d8f7445f7ac82c010accd1cda)
|
||||||
|
|
||||||
|
https://www.investopedia.com/top-7-technical-analysis-tools-4773275
|
||||||
|
|
||||||
|
Why should we care about new indicators and crazy theories like this?
|
||||||
|
|
||||||
|
Exhibit A - PLEASE WATCH JUST 2 MINUTES - Sorry, not yelling, but this sums it up and I'm sorry if you punch your screen.
|
||||||
|
|
||||||
|
["How Ken uses your behavior and his Quants take advantage of the retail trader."](https://youtu.be/5KOT0_I4Fvw?t=154)
|
||||||
|
|
||||||
|
*"Ken,*
|
||||||
|
|
||||||
|
*I'm Madie, a human/ape Quant that has found your patterns in mere months. Your Quants are weak."*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hyhlj9i61y571.png?width=570&format=png&auto=webp&s=b67323219d936dfd04f1b37e588ab489df830e52)
|
||||||
|
|
||||||
|
The Many Big Brains
|
||||||
|
|
||||||
|
I have been very fortunate and humbled to be invited and collaborate within a few big-brain quant groups. I have found that many DDer's are finding quantifiable data but it doesn't exactly match up with other DD's to create a consistent argument basis. A good example is whether the T21 date is right or what is truly driving FTD data? The calculations line up but don't always align with the border theory.
|
||||||
|
|
||||||
|
It is my opinion that it isn't a matter of whether the DD is wrong. If the data is verifiable and can to a degree be quantified, then I feel that this is a new pattern of suppression that has been discovered.
|
||||||
|
|
||||||
|
Some will argue that the DD is simple, buy and hold. With that said, the evolving DD is still important work, it very well could uncover the manipulation of the system that is suppressing GME. All these patterns and data points will be validated when hedge fund data is made more public in the future. I foresee the correlations between the DD's we know of today and connections to specific patterns connected to Algo trading patterns. I think much of what we see is the patterns starting to become more obvious.
|
||||||
|
|
||||||
|
So let's dive a little deeper!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/v3lfipkvtx571.jpg?width=1995&format=pjpg&auto=webp&s=0de76dbc516cc6fc005e43b7835b54369d7a727c)
|
||||||
|
|
||||||
|
The Deep Dive
|
||||||
|
|
||||||
|
In this deep dive, I found a consistency of parabolic activity triggers. This measure of parabolic activity is specific to GME. The practice of shorting GME greatly influences the suppression of the strength and momentum of GME.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/v0posaxalw571.png?width=470&format=png&auto=webp&s=75a84c5f62782bceb56831344ce603c77c4dbe97)
|
||||||
|
|
||||||
|
It's colorful and this is worthy of absorbing. It is the magic variable.
|
||||||
|
|
||||||
|
The Visual Indicator
|
||||||
|
|
||||||
|
Parabolic occurrences are represented using rockets. The size represents the strength of the parabolic event. RSI 53 ascending to RSI 60 = Parabolic Event
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d2wkjnrviw571.png?width=3140&format=png&auto=webp&s=29721d3aaf783fec2c2ceabe6345b0b167f6ecfd)
|
||||||
|
|
||||||
|
I would recommend opening the chart in a new tab. The devil is in the details.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/47zb03uzkw571.png?width=437&format=png&auto=webp&s=ed7c95cf0687de4574d92c013781e48ecad66994)
|
||||||
|
|
||||||
|
Parabolic Events are defined when RSI exceeds a value of 70+.
|
||||||
|
|
||||||
|
A Closer Look
|
||||||
|
|
||||||
|
This chart began at 5/3 using the daily chart. Notice the daily RSI build and eventual outcome of a parabolic event (RSI 70+).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/reo2zwguxw571.png?width=2704&format=png&auto=webp&s=a1741235af3dd0ba8fb889e14af5152679d61fdd)
|
||||||
|
|
||||||
|
GME Chart at 1D, starting on 5/3 - 5/27
|
||||||
|
|
||||||
|
Quant, you say?
|
||||||
|
|
||||||
|
Here is the quant data pertaining to the reasoning and use of RSI 53. I used a frequency polygon to determine the median factor of all RSI levels. 53 was the winner.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jqivil2vrw571.png?width=456&format=png&auto=webp&s=afc9d0933afc4ffb7ab46cd720fdb942c7571184)
|
||||||
|
|
||||||
|
The frequency data set being used is between 8/26/2020 - 6/17/2021. The frequency represents the number of times that RSI dropped from RSI 53 to a value below 47.00-53.99.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/17amvxcmcw571.png?width=1041&format=png&auto=webp&s=cfc6084f19cd4fd3fd0a1daaccc68c3a2b7f5c34)
|
||||||
|
|
||||||
|
The number 53 represents the lowest number with the highest frequency of being a part of parabolic price action.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/te3xpnyqcw571.png?width=134&format=png&auto=webp&s=44fa322c40d024e0ab5a3844302ad63496b41426)
|
||||||
|
|
||||||
|
Winner Winner, RSI 53 is the magic variable.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hngos60ucw571.png?width=450&format=png&auto=webp&s=31dd3230da295b590c7fd3f3e384fbfb0a9300d8)
|
||||||
|
|
||||||
|
A standard chart.
|
||||||
|
|
||||||
|
Conclusion
|
||||||
|
|
||||||
|
If GME were left to run past RSI 53 and ascend to RSI 60+, the result would be a parabolic event. It's as simple as that. GME is influenced by many factors, but the data in this analysis should conclude that between RSI 53-60, the factor of 7 is what remains between the parabolic and the suppressed state. The fact of the matter is that this method is beginning to show a trend towards a declining slope of effectiveness. Educate yourself and keep your head on a swivel. 💚
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cixamn8vqx571.png?width=496&format=png&auto=webp&s=1295d88f12ba849d87310aa97b681b5a92eae620)
|
||||||
|
|
||||||
|
...or is it?
|
||||||
|
|
||||||
|
Sources
|
||||||
|
|
||||||
|
[GME - Shares Short](https://www.ortex.com/stocks/26195/shorts)
|
||||||
|
|
||||||
|
[Technical Indicators](https://www.investopedia.com/top-7-technical-analysis-tools-4773275)
|
||||||
|
|
||||||
|
TL;DR: Keeping Holding! 🦍🚀🍌
|
@ -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!
|
138
Daily-Synopsis-Archives/2021-06-14-Synopsis.md
Normal file
138
Daily-Synopsis-Archives/2021-06-14-Synopsis.md
Normal file
@ -0,0 +1,138 @@
|
|||||||
|
The Daily Stonk 06-14-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzingy/the_daily_stonk_06142021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/uf0429x3z6571.png?width=1600&format=png&auto=webp&s=43acc7118aad55a184dad517a41cf1f621cc7220)
|
||||||
|
|
||||||
|
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/69g2igt5z6571.png?width=680&format=png&auto=webp&s=77732a63619bc1c661cee692d2f84c22951b3110)
|
||||||
|
|
||||||
|
Good Morning Everyone!
|
||||||
|
|
||||||
|
I hope everyone has had a great weekend, Are you guys enjoying e3 as much as I do ?
|
||||||
|
|
||||||
|
First let me start with something simple, because MSM has been reaching out to people for interviews and such.
|
||||||
|
|
||||||
|
We are not a collective, the term WE here is used as the "royal we", I just like the stock and others just happen to like the same stock. We also don't do politics, religion or anything else as all these things don't matter here, we just like the stock that's it. therefore there are no leaders or spokespersons.
|
||||||
|
|
||||||
|
The mod team has declined doing interviews at multiple occasions and will continue to do so until this is over.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pijcimzr07571.png?width=557&format=png&auto=webp&s=0c3970f72b06e9e7ba7f6050d02cc25d736004f2)
|
||||||
|
|
||||||
|
the Reverse Repo's are looks to be related to GME
|
||||||
|
|
||||||
|
wrinklebrain [u/jaybaumyo](https://www.reddit.com/u/jaybaumyo/) wrote a thread [here](https://www.reddit.com/r/Superstonk/comments/nyqnqh/so_the_reverse_repos_are_definitely_related_to_gme/)
|
||||||
|
|
||||||
|
It shows how the reverse repo's seem to have a correlation between GME and the height of the repo's.
|
||||||
|
|
||||||
|
I've not personally had the chance to fully check this or see in how far the correlation goes, I do however remember that there was a rule change where bigger guys (SHF banks etc) could no longer use "junk bonds" as collateral, so this is why we might see an increase in the Reverse Repo, or maybe not, if you know more about this feel free to jump in that thread and help find out what's going on.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/7nfjkkey27571.png?width=960&format=png&auto=webp&s=d39667794b4c91de733f07c733e323db92b69f3d)
|
||||||
|
|
||||||
|
The reverse Repo's have another all time high, 547 billion... damn kenny that's actually impressive.
|
||||||
|
|
||||||
|
There have also been some other threads made finding some sort of correlation between reverse repo's/crypto's/GME
|
||||||
|
|
||||||
|
which you can find [here](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/?utm_medium=android_app&utm_source=share)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3vb9txy237571.png?width=960&format=png&auto=webp&s=62a75cffe1dede500734d0adf7f6ed4ce6940a27)
|
||||||
|
|
||||||
|
Short Volume Ratio Update
|
||||||
|
|
||||||
|
All thanks for this goes to AntihalationGod, he's been compiling public data and is kind enough to share this with everyone.
|
||||||
|
|
||||||
|
<https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qjdftlqh37571.png?width=4096&format=png&auto=webp&s=fc06397ee3900fc8597152763ed720d67bc6fa20)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rnqs7rkk37571.png?width=4096&format=png&auto=webp&s=c88b430d2f0ef7debe905fd95cb2148017a93ec5)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/4trsjrxl37571.png?width=4096&format=png&auto=webp&s=602eca55301ac188c0fea017fc91de4cef29877e)
|
||||||
|
|
||||||
|
What is driving the t+21 cycles?
|
||||||
|
|
||||||
|
[u/criand](https://www.reddit.com/u/criand/) made a big thread [here](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
it goes into the t+21 cycle, what drives it how the ETF's fall into place with it etc.
|
||||||
|
|
||||||
|
I feel like giving work like this a TLDR version but eum.... brrrrr
|
||||||
|
|
||||||
|
Also there is a theory that this is what RC has figured out as well or at least thats what [this thread](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) goes over
|
||||||
|
|
||||||
|
[](https://preview.redd.it/sf80m37m47571.png?width=960&format=png&auto=webp&s=ae2e622c8bf587d081a29bbfd51dbc3601cb37b6)
|
||||||
|
|
||||||
|
Voting
|
||||||
|
|
||||||
|
There is a thread going on [here](https://www.reddit.com/r/Superstonk/comments/nwv7vb/possible_evidence_of_manipulation_of_the_vote/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which goes into the difference of the voting we have seen this year in comparison to 2020, it shows that the 2020 was consistent, yet 2021 is not...
|
||||||
|
|
||||||
|
Again I know you can't see the total amount of votes on an 8k and with the current SEC probe we wont hear the actual numbers for a while so we'll just have to refer to the ol' reliable
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1fk6kgyv57571.png?width=640&format=png&auto=webp&s=69a0be6b287fd8f7d4d8a491031b8aebb0393d4c)
|
||||||
|
|
||||||
|
Also [u/gr8sking](https://www.reddit.com/u/gr8sking/) did some quick maths
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ijo10g9y57571.png?width=760&format=png&auto=webp&s=7b4abbad108e1bc832b3bd2f763ee6af71e9894e)
|
||||||
|
|
||||||
|
just something to keep in mind 😉
|
||||||
|
|
||||||
|
Also if you're new be sure to give [this thread](https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) a read, it goes over the basics and can help the new apes understand everything a bit better.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fyu35fjs67571.png?width=554&format=png&auto=webp&s=620fdf65ec681f137c1571a2e7dadb63eadbabc2)
|
||||||
|
|
||||||
|
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/7h05xepu67571.png?width=400&format=png&auto=webp&s=f5a4731f612cab20a8344eb50ffd80c08d5cd059)
|
||||||
|
|
||||||
|
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>
|
200
Daily-Synopsis-Archives/2021-06-15-Synopsis.md
Normal file
200
Daily-Synopsis-Archives/2021-06-15-Synopsis.md
Normal file
@ -0,0 +1,200 @@
|
|||||||
|
The Daily Stonk 06-15-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o09zbj/the_daily_stonk_06152021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/rmalcqb96e571.png?width=1600&format=png&auto=webp&s=8c6d29bc82195f343c43194b73bf38c3fe2a68a0)
|
||||||
|
|
||||||
|
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/rgcr8g2b6e571.png?width=680&format=png&auto=webp&s=1cd659e98a14ce6b929b148ad8cd696200013774)
|
||||||
|
|
||||||
|
First of all the high score of the day
|
||||||
|
|
||||||
|
[](https://preview.redd.it/wysr4y0o6e571.png?width=685&format=png&auto=webp&s=2f65627d729c41fe8f57ae8e3fac6928951eb83f)
|
||||||
|
|
||||||
|
Reverse Repo is currently sitting at 583 billion, breaking ATH for every day for the past week.
|
||||||
|
|
||||||
|
there is a lot of info in the comments of [this thread](https://www.reddit.com/r/Superstonk/comments/nzrtvz/daily_reverse_repo_update_0614_583892_b_new_record/), go out and read a bit, perhaps you can add to the conversation and grow a collective wrinkle!
|
||||||
|
|
||||||
|
The exponential floor
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rvulw1b77e571.png?width=960&format=png&auto=webp&s=3acf4708ce1fc555928b26bddbcc002e59da2f28)
|
||||||
|
|
||||||
|
made by [u/JTH1](https://www.reddit.com/u/JTH1/) and his thread is [here](https://www.reddit.com/r/Superstonk/comments/nzvj68/0614_update_did_share_dilution_shift_the_floor/)
|
||||||
|
|
||||||
|
We don't know why the floor is currently not being followed, this could be for several different reasons, it could be a statistical outlier/anomaly, or possible that they are currently offering shares and this dilution can cause the statistic offset or something else entirely.
|
||||||
|
|
||||||
|
Regardless of what it is I'd love to know because this seemed to hold up significantly up until end of last week.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zwrqdd6v7e571.png?width=828&format=png&auto=webp&s=9057f759177b427216be88f36e547db8f969593c)
|
||||||
|
|
||||||
|
Cassandra of Greek mythology is back.
|
||||||
|
|
||||||
|
Cassandra was astonishingly beautiful and blessed with the gift of foreseeing the future. Her curse was that no one believed her, a fact that weighed heavily on the destruction of Troy during the Trojan War.
|
||||||
|
|
||||||
|
Just like Dr. Burry foretold the crash of 2008 and in some ways the crash to come (DD on this is to follow soon), he was told by the SEC that he could no longer use twitter anymore and was offline for months. but it seems now that Gary Gensler is finally at the helm he was allowed to go back online.
|
||||||
|
|
||||||
|
Can't wait what this man has to say.
|
||||||
|
|
||||||
|
Ford Equity Research UPGRADES $GME from HODL to BUY.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lzngh5ni8e571.png?width=1042&format=png&auto=webp&s=7c6f520dbe2c06d6ec1439f768005e553ab2ec86)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1m7km38j8e571.png?width=960&format=png&auto=webp&s=81511139cebafb286e9244aa6ce1280d8d043ab0)
|
||||||
|
|
||||||
|
Some people to look out for
|
||||||
|
|
||||||
|
thanks to [u/zedinstead](https://www.reddit.com/u/zedinstead/) for compiling this list.
|
||||||
|
|
||||||
|
Exponential Floor guy -- [u/JTH1](https://www.reddit.com/u/JTH1/)
|
||||||
|
|
||||||
|
Elliot Waves guy -- [u/possibly6](https://www.reddit.com/u/possibly6/)
|
||||||
|
|
||||||
|
Trading Sideways guy - [u/earthysoup](https://www.reddit.com/u/earthysoup/)
|
||||||
|
|
||||||
|
Gamma Spike girl -- [u/yelyah2](https://www.reddit.com/u/yelyah2/)
|
||||||
|
|
||||||
|
Daily Reverse Repo Update guy -- [u/pctracer](https://www.reddit.com/u/pctracer/)
|
||||||
|
|
||||||
|
Linear Regression girl - [u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/)
|
||||||
|
|
||||||
|
Bloomberg Terminal guy - [u/Ravada](https://www.reddit.com/u/Ravada/)
|
||||||
|
|
||||||
|
Ape News Network guy - [u/mr_boost](https://www.reddit.com/u/mr_boost/)
|
||||||
|
|
||||||
|
Airborne Ape guy - [u/yerffejytnac](https://www.reddit.com/u/yerffejytnac/)
|
||||||
|
|
||||||
|
Camera Pointed at Citadel guy - [u/hapilly_unemployed](https://www.reddit.com/u/hapilly_unemployed/)
|
||||||
|
|
||||||
|
Pickle guy - [u/gherkinit](https://www.reddit.com/u/gherkinit/)
|
||||||
|
|
||||||
|
FTD Cycle guy - [u/criand](https://www.reddit.com/u/criand/)
|
||||||
|
|
||||||
|
SEC FOIA guy - [u/Leenixus](https://www.reddit.com/u/Leenixus/)
|
||||||
|
|
||||||
|
Confirmation Bias guy - [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/)
|
||||||
|
|
||||||
|
Daisy Ridley Not Selling guy - [u/aroflip](https://www.reddit.com/u/aroflip/)
|
||||||
|
|
||||||
|
Diamantenhände guy -- [u/DerGurkenraspler](https://www.reddit.com/u/DerGurkenraspler/) (currently [u/Parsnip](https://www.reddit.com/u/Parsnip/))
|
||||||
|
|
||||||
|
See You All Tomorrow guy - [u/mmokay_north](https://www.reddit.com/u/mmokay_north/)
|
||||||
|
|
||||||
|
Nightly Fireside Chat guy - [u/RallyInTheNorth](https://www.reddit.com/u/RallyInTheNorth/)
|
||||||
|
|
||||||
|
No Stupid Questions guy - [u/QuantumIdeal](https://www.reddit.com/u/QuantumIdeal/)
|
||||||
|
|
||||||
|
Counter DD guy - [u/dentisttft](https://www.reddit.com/u/dentisttft/)
|
||||||
|
|
||||||
|
Dank Meme guy - [u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/)
|
||||||
|
|
||||||
|
Daily Discussion Chaos guy - [u/scrollwheeler](https://www.reddit.com/u/scrollwheeler/)
|
||||||
|
|
||||||
|
Morphing Kenny guy - [u/MrFerno](https://www.reddit.com/u/MrFerno/)
|
||||||
|
|
||||||
|
Old Commercial guy - [u/RiverJumper84](https://www.reddit.com/u/RiverJumper84/)
|
||||||
|
|
||||||
|
Narrator guy - [u/Doom_Douche](https://www.reddit.com/u/Doom_Douche/)
|
||||||
|
|
||||||
|
Soundtrack guy - [u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/)
|
||||||
|
|
||||||
|
Song in Comments of the Daily Stonk guy - [u/MacTheKn1f3](https://www.reddit.com/u/MacTheKn1f3/)
|
||||||
|
|
||||||
|
Poem guy - [u/F4hype](https://www.reddit.com/u/F4hype/)
|
||||||
|
|
||||||
|
Quant guy 1 - [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)
|
||||||
|
|
||||||
|
Quant guy 2 - [u/myplayprofile](https://www.reddit.com/u/myplayprofile/)
|
||||||
|
|
||||||
|
These are people who contribute to the community, but these are not moderators, I'd still say check them out, Superstonk is here because of the contributions of others, one ape helping another.
|
||||||
|
|
||||||
|
We would'nt be here if it weren't for them <3
|
||||||
|
|
||||||
|
[](https://preview.redd.it/uv16aeyl9e571.png?width=640&format=png&auto=webp&s=3bdf5136c65ece797b5ece24e132e8c3bbf59910)
|
||||||
|
|
||||||
|
An update on our favorite missing rule, SR-DTC-2021-005
|
||||||
|
|
||||||
|
Lots of people have been filing a FOIA (freedom of information act) questions into the 005, I'd say keep going guys show them you've not forgotten.
|
||||||
|
|
||||||
|
This got delisted in march and would've been back shortly.... fast forward 3 months later and it's still not here.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tk2ujza9ae571.png?width=640&format=png&auto=webp&s=8ce475338279949f75fee043058964f65f5968f9)
|
||||||
|
|
||||||
|
Interviews and such
|
||||||
|
|
||||||
|
Now onto a little bit of the beat and path.
|
||||||
|
|
||||||
|
As many of you have undoubtedly have seen by now MSM is stepping up their game, and even though I like how some of them finally report on GME and other stocks this does not mean I trust them.
|
||||||
|
|
||||||
|
The same goes for influencers or streamers who suddenly are accepting interviews on MSM for clout, so let me be clear about this from the get go, [r/Superstonk](https://www.reddit.com/r/Superstonk/) has no leaders, we don't have a spokesperson and we do not do interviews until after the squeeze.
|
||||||
|
|
||||||
|
This is for a variety of reasons, but ones that are prevalent for me are simple:
|
||||||
|
|
||||||
|
1-This is a round table, all apes are equal and would not dare to speak for anyone
|
||||||
|
|
||||||
|
2- they'll most likely look for "gotcha" moments to try and hurt us and others
|
||||||
|
|
||||||
|
3- we can only speak for personal experiences not for others
|
||||||
|
|
||||||
|
4- and most likely the best reason why I wouldn't do any interviews (see image)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d32cipg8be571.png?width=680&format=png&auto=webp&s=78b078b33922780fd4887ccd5525e4f69df3011a)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ddlxrnbdbe571.png?width=554&format=png&auto=webp&s=ffb137c7c4205779f5a19a2ceff60b5432956488)
|
||||||
|
|
||||||
|
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/klo7y2ifbe571.png?width=400&format=png&auto=webp&s=231c0fb3223c820842202d58bd266c8793fdf16f)
|
||||||
|
|
||||||
|
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>
|
148
Daily-Synopsis-Archives/2021-06-16-Synopsis.md
Normal file
148
Daily-Synopsis-Archives/2021-06-16-Synopsis.md
Normal file
@ -0,0 +1,148 @@
|
|||||||
|
The Daily Stonk 06-16-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o10ltc/the_daily_stonk_06162021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/v2cwv7i0dl571.png?width=1600&format=png&auto=webp&s=7a0314497ec2f2be33fa6e4963c2578debac0bcd)
|
||||||
|
|
||||||
|
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/uljellh2dl571.png?width=680&format=png&auto=webp&s=69b1bc04b2df95353f08ccd90dd041153d859223)
|
||||||
|
|
||||||
|
The Reverse repos
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zyzn29f9dl571.png?width=640&format=png&auto=webp&s=73d7dfef856590820243365d4070db0278802085)
|
||||||
|
|
||||||
|
509 billion, not the ATH we've seen before but back to the levels of... well last week.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fs1wy7andl571.png?width=8226&format=png&auto=webp&s=1ccba8adeac1adf0951be9bb358fb2a4f64b661d)
|
||||||
|
|
||||||
|
made by u/JTH1
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jt1fu6wwdl571.png?width=828&format=png&auto=webp&s=b98063b9f316d2893ba51862d7e30e97e3a6d1b0)
|
||||||
|
|
||||||
|
Obv still rising even though we have a "dip" thanks to u/*Badtothebone*
|
||||||
|
|
||||||
|
Also it seems we may have broke this guy
|
||||||
|
|
||||||
|
<https://www.youtube.com/watch?v=ZB_jobcKY5Y&ab_channel=RichIrvin>
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|
0:00
|
||||||
|
|
||||||
|
0:12
|
||||||
|
|
||||||
|
Bloomberg terminal drop!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gufkwttlel571.png?width=1916&format=png&auto=webp&s=c0b369e53623b249ea45d46ab0f31a97b9dd0277)
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/o0ogwo/15062021_gme_bloomberg_terminal_information/>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/txrhw6eoel571.png?width=975&format=png&auto=webp&s=4fac22643240643f3c2e1789bcaabe75f13a5995)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ol2oxseefl571.png?width=640&format=png&auto=webp&s=36e2ba970b1edbd76733d320d74c233c22a43c53)
|
||||||
|
|
||||||
|
The 005
|
||||||
|
|
||||||
|
I've been seeing a lot of things involving the 005, but remember this dropped late last night, so give it some time, just like last time we see a lot of oh "OH NO" reactions with a data dump, but give it time and we can analyse what the document says and in what way.
|
||||||
|
|
||||||
|
If you've offered your feedback to the 005 on their site, do know that your email is now public, there has been a thread made [here](https://www.reddit.com/r/Superstonk/comments/o0n8li/apes_who_wrote_regarding_the_rule_005_your_email/) give it a read to make sure all your data is secure.
|
||||||
|
|
||||||
|
the most important thing is, we can let gamgam out of the cage again
|
||||||
|
|
||||||
|
[](https://preview.redd.it/o9y9an69fl571.png?width=960&format=png&auto=webp&s=13f77ff195afd18479e355649db5b37849ed445f)
|
||||||
|
|
||||||
|
The SEC meeting
|
||||||
|
|
||||||
|
SEC Announces Annual Regulatory Agenda "Transparency around stock buybacks, short sale disclosure, securities-based swaps ownership, and the stock loan market"
|
||||||
|
|
||||||
|
<https://www.sec.gov/news/press-release/2021-99>
|
||||||
|
|
||||||
|
And per final I'd like to close with this, Detective [u/buttfarm69](https://www.reddit.com/u/buttfarm69/) made this statement and I couldn't agree more, no matter what happens we are all individuals, no leaders no nothing.
|
||||||
|
|
||||||
|
I like the stock
|
||||||
|
|
||||||
|
[](https://preview.redd.it/odqlk42bgl571.png?width=640&format=png&auto=webp&s=d7008c557b49346040f4cae0d61754a4ed60fa0e)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/kko6lrndgl571.png?width=554&format=png&auto=webp&s=bf644c020e9c50b8a82594fddc6f587c129af408)
|
||||||
|
|
||||||
|
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/8n15yn4hgl571.png?width=400&format=png&auto=webp&s=4ae759ff46c04f80d70d8f8b0a5d16a0fab76f76)
|
||||||
|
|
||||||
|
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>
|
||||||
|
|
||||||
|
(p.s. yes I'm aware that today there isn't a lot of stuff but I'm neck deep in researching stuff)
|
||||||
|
|
||||||
|
Edit 1:
|
||||||
|
|
||||||
|
[u/Criand](https://www.reddit.com/u/Criand/) made a DD in [this thread](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/)
|
||||||
|
|
||||||
|
it goes over the fact that we are currently facing the same exact problems we faced in 2008 but in a much greater magnitude, aka The BIGGER short.
|
||||||
|
|
||||||
|
Edit 2:
|
||||||
|
|
||||||
|
[AnnihilationGod](https://twitter.com/Annihil4tionGod) was kind enough to analyse the traffic once more!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/07uuc3aujl571.png?width=4096&format=png&auto=webp&s=dd1a98fef302ce0f588eca34c83b102327980ec3)
|
||||||
|
|
||||||
|
Edit 3:
|
||||||
|
|
||||||
|
Thanks to ape AndyLeeck, he found out that Citadel Luxembourg has been dissolved effective Apr/30/2021
|
||||||
|
|
||||||
|
source: [https://gd.lu/resa/2mng1G](https://t.co/ta7pTq0Ij6?amp=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/wm7udo27ll571.png?width=828&format=png&auto=webp&s=36e2584d41113b847e459ed6cdd4c666000631db)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pvxnsv08ll571.png?width=828&format=png&auto=webp&s=2f880a720b75f78e9d46c0cdd49a0a999c7fae53)
|
162
Daily-Synopsis-Archives/2021-06-17-Synopsis.md
Normal file
162
Daily-Synopsis-Archives/2021-06-17-Synopsis.md
Normal file
@ -0,0 +1,162 @@
|
|||||||
|
The Daily Stonk 06-17-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o1t1sr/the_daily_stonk_06172021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/exasr6e3hs571.png?width=1600&format=png&auto=webp&s=e89f0dccb1266fb57b4fd0bd7aba52e9ad5b14fe)
|
||||||
|
|
||||||
|
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/zjtm9v35hs571.png?width=680&format=png&auto=webp&s=87ea89c6b69f9efd5b9a83269d51015b04b403fb)
|
||||||
|
|
||||||
|
The Reverse repo's
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hs0r0frahs571.png?width=960&format=png&auto=webp&s=637524d1bb099bf73872a755f7acecaeaea98ed7)
|
||||||
|
|
||||||
|
The reverse repo seems to be up once more, to 520 billion, with 53 parties involved.
|
||||||
|
|
||||||
|
Jpow also told us yesterday there was "totally nothing to worry about" but more on that later.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/p0ds0tlois571.png?width=960&format=png&auto=webp&s=a86201926b361932e4449c71dcfcb9466e7341b1)
|
||||||
|
|
||||||
|
Also a list of participants has been found here: <https://www.reddit.com/r/Superstonk/comments/o1rzgw/rrp_list/h22g31h/?context=3>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tw12a49nhs571.png?width=8240&format=png&auto=webp&s=97693d3a6390221d6e355706ffc96e9960ec28e8)
|
||||||
|
|
||||||
|
The exponential floor, the price seems to be marching sideways for the past three days, this can indicate a lot of things, I would advise checking out [u/JTH1](https://www.reddit.com/u/JTH1/)'s thread [here](https://www.reddit.com/r/Superstonk/comments/o1fbhw/0616_update_floor_guys_log_stonkdate_259_pretty/) for more information.
|
||||||
|
|
||||||
|
Some people have indicated this may be like the "death of a thousand papercuts" dd we've seen here.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yjl98ga8is571.png?width=1066&format=png&auto=webp&s=15ed33b01506fb721bb896d22b4ba4c0c17a184a)
|
||||||
|
|
||||||
|
There also seems to be some indescrepencies with the open/closing prices in the market for the past few months. I've been in chatrooms were we talked about the fact that it's ending on 00 or 0010 is a statistical outlier, because it happened way to often it was weird for us because if you looked across the board most stocks would end in random numbers, and not on a nice round 0010.
|
||||||
|
|
||||||
|
[u/LongTimeGamer](https://www.reddit.com/u/LongTimeGamer/) did a solid DD [here](https://www.reddit.com/r/Superstonk/comments/o1gn2u/i_processed_16_years_of_data_across_8_stocks_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) were they analysed the past 16 years of 8 stocks to show that the closing price of these is a weird happening as this isn't normal, be sure to check out his thread.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6m4yca2ijs571.png?width=641&format=png&auto=webp&s=c4ebdd0c76264cb53e13c1072f8b00ed14da4f43)
|
||||||
|
|
||||||
|
To 005 or Not to 005, that is the question
|
||||||
|
|
||||||
|
There also have been some questions since yesterday if the 005 was in effect or not.
|
||||||
|
|
||||||
|
The short answer is, Yes it is.
|
||||||
|
|
||||||
|
check out [this thread](https://www.reddit.com/r/Superstonk/comments/o1fywn/me_again_according_to_john_at_the_dtcc_005_is_in/?utm_medium=android_app&utm_source=share) which shows correspondence between [u/OkGas9917](https://www.reddit.com/u/OkGas9917/) and the DTCC, and they themselves state that it's in effect .
|
||||||
|
|
||||||
|
Bitcoin address
|
||||||
|
|
||||||
|
I got tagged in [this thread](https://www.reddit.com/r/Superstonk/comments/o1fi1v/sent_this_today_to_someone_and_we_closed_green/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) yesterday, but I honestly don't know enough about crypto give any help here, so if there are apes here who are good with that sort of stuff be sure to jump in and try to give them a hand.
|
||||||
|
|
||||||
|
It seems that there is a wallet address that has some correlation with the price movements of GME, but again I know jack about crypto.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/na3r31heks571.png?width=1533&format=png&auto=webp&s=84689090590c72516e60e5e24308b3294aed913e)
|
||||||
|
|
||||||
|
Remember Kenny, you always have options
|
||||||
|
|
||||||
|
[u/Veschor](https://www.reddit.com/u/Veschor/) had scraped some data off of fintel.io data for all filings under 3/31, crosswalk it against SECs EDGAR db for data quality. be sure to check out [his thread here](https://www.reddit.com/r/GME/comments/o1fqxi/gme_options_data_dashboard_for_reporting_period/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), I'm not entirely sure what this means but I believe they may have doubled all the shares outstanding by the looks of it... or I'm reading this wrong.
|
||||||
|
|
||||||
|
But it seems that kenny and others need about 51 million shares in order to cover, which... they can't lol.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/q63d32gels571.png?width=755&format=png&auto=webp&s=604d237824bcf97a956d2fb794eaa8af430f531a)
|
||||||
|
|
||||||
|
The FED
|
||||||
|
|
||||||
|
Jpow held a press conference yesterday which boiled down to the following points:
|
||||||
|
|
||||||
|
- we are in unprecedented times
|
||||||
|
|
||||||
|
- due to that we can't make any plans or projections
|
||||||
|
|
||||||
|
- But inflation shouldn't be that bad ACCORDING TO OUR PROJECTIONS
|
||||||
|
|
||||||
|
- Jpow gets a questions, then bullshits around the subject for a few minutes and moves on
|
||||||
|
|
||||||
|
So what really got me annoyed with this yesterday were a couple of things
|
||||||
|
|
||||||
|
Mainly the fact that he says you can't have a model or a projection for the coming times but moments later refer to their own model and projection saying "it wont be that bad"... so which one is it Jpow? you can either have a model or not.
|
||||||
|
|
||||||
|
Also the inflation is now projected at 3.4% instead of 2, but it's "transitionary" ... this is like seeing my cousin vinny answering tough questions "forget about it"
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rc777zqzms571.png?width=640&format=png&auto=webp&s=08e0196e9bf6241791dfb24b3af24e7cceb56f74)
|
||||||
|
|
||||||
|
For those unaware the phrase "whistling past the graveyard" means acting tough while being scared on the inside, which I'm sure they are, even from a non stock perspective it seems like they screwed the pooch and are now realising that maybe printing 40% of all the money may have been a bad idea.
|
||||||
|
|
||||||
|
As some of you who have been reading my shitty writing for a while may know I love the art of war, because it gives simple yet effective rules of psychological war.
|
||||||
|
|
||||||
|
There was a thread made here <https://www.reddit.com/r/Superstonk/comments/o19ak7/the_bigger_short_srdtc2021005_the_return_of_dr/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||||
|
|
||||||
|
And it gives some explenations how the art of war may be implemented right here, so... unleash your own Gordon Gecko and give it a read.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zbp8qud0os571.png?width=554&format=png&auto=webp&s=f71180d575bc8cfac10a68986213041e814ceac7)
|
||||||
|
|
||||||
|
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/y6icose2os571.png?width=400&format=png&auto=webp&s=15785bd18085bf55f1f1b9067d1a8d877d7d1ca2)
|
||||||
|
|
||||||
|
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 1:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/6mjxnjxfgt571.png?width=4096&format=png&auto=webp&s=942e2bc09e69aaf4b55d78de37e7be29748c07e0)
|
||||||
|
|
||||||
|
Sort volume of the past week, thanks to [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) on twitter.
|
||||||
|
|
||||||
|
Also hmmm
|
||||||
|
|
||||||
|
<https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/>
|
||||||
|
|
||||||
|
"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc's [(ICE.N)](https://www.reuters.com/companies/ICE.N) NYSE.
|
||||||
|
|
||||||
|
"That price formation is not really reflective of what supply and demand is," she said at a conference hosted by CNBC.
|
||||||
|
|
||||||
|
ORLY
|
195
Daily-Synopsis-Archives/2021-06-18-Synopsis.md
Normal file
195
Daily-Synopsis-Archives/2021-06-18-Synopsis.md
Normal file
@ -0,0 +1,195 @@
|
|||||||
|
The Daily Stonk 06-18-2021
|
||||||
|
==========================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o2l26e/the_daily_stonk_06182021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/vlqwo8cvmz571.png?width=1600&format=png&auto=webp&s=eeb70615d01a05c5aca6272357fe9868f856fef4)
|
||||||
|
|
||||||
|
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/rpbnj4mxmz571.png?width=680&format=png&auto=webp&s=96d74672ba1b22687f2c675838bb2f0efd41b3f2)
|
||||||
|
|
||||||
|
The Reverse repo's
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gqfgmsn8nz571.png?width=693&format=png&auto=webp&s=173ec398c840f498f2e5d4b5fe9e062bf00614fc)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/c8zteoyuoz571.png?width=666&format=png&auto=webp&s=948d2ba2dd4db2670a649c5a138ca67bc2bd992c)
|
||||||
|
|
||||||
|
Nothing to see here, just 250 billion extra in RRP's
|
||||||
|
|
||||||
|
Now there still has been some confusion as to what RRP's are or what they do so I've looked for some DD's and stumbled across some.
|
||||||
|
|
||||||
|
[Thread one](https://www.reddit.com/r/Superstonk/comments/o08rmm/whats_the_deal_with_reverse_repos_anyway/)
|
||||||
|
|
||||||
|
[Thread two](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
[Thread three](https://www.reddit.com/r/Superstonk/comments/o1thia/reverse_repo_can_we_stop_saying_cash_is_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
On that same account, wtf is the FED doing? well got to love our local wrinkly brained people:<https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||||
|
|
||||||
|
Exponential floor
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ygujgsrwoz571.png?width=960&format=png&auto=webp&s=e0d7eeaee3f4b487d4302406b98ee7aee3f219bf)
|
||||||
|
|
||||||
|
thanks to u/JTH1
|
||||||
|
|
||||||
|
in his words:
|
||||||
|
|
||||||
|
06/17 UPDATE: Some have been asking why I keep posting these charts. My rationale is that the daily low have been following a long predictable pattern in a similar manner as T+X and Elliot waves. This tells me that the daily low can somehow be used as a metric to gauge future price movements.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/05o39qh4pz571.png?width=532&format=png&auto=webp&s=fd410e5da7c66c02620decde41fa8ec498d1e469)
|
||||||
|
|
||||||
|
A round of applause for the NEW Vice President of Private Label and Global Sourcing! Kevin Kennedy!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ssb52sibpz571.png?width=828&format=png&auto=webp&s=852fd3e4950aa9a1d9d0f348fccec6aeb79bff5b)
|
||||||
|
|
||||||
|
Everything remains speculative however until we've received confirmation from the exchanges that it's done, just like the ATM share offering, we think it's done, yet we are waiting for official confirmation on that before we can do anything.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ma8czrotqz571.png?width=720&format=png&auto=webp&s=4e4a83de94c3f019b82c3fcf8687fbd11bcc2d8d)
|
||||||
|
|
||||||
|
Also as a side note, the EDGAR system is out today, this means the markets are still open but the EDGAR filing system (used for the forms) wont be receiving updates today and will be updated again on monday, the Edgar system is were we would normally find the 13k forms and stuff like that.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pectsz85qz571.png?width=960&format=png&auto=webp&s=fa7076944ddf604cb3fc301b731c92dcc45aea4f)
|
||||||
|
|
||||||
|
[NYSE president admitted Dark pool exchanges are problematic](https://www.reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
Also [u/dlauer](https://www.reddit.com/u/dlauer/)'s full segment on CNBC because CNBC likes to cut parts away.
|
||||||
|
|
||||||
|
Thanks to [u/ydnar](https://www.reddit.com/u/ydnar/)
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/o2958m/our_boy_udlauers_full_segment_on_cnbc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/wj29m92dsz571.png?width=473&format=png&auto=webp&s=42b89cd53e00ec14e2588c48df37c5c299b61b2b)
|
||||||
|
|
||||||
|
Ryan Cohen has bought shares
|
||||||
|
|
||||||
|
This is pure speculation at this point, we didn't receive a 13f filing stating he did, we didn't receive any formal notice from GameStop.
|
||||||
|
|
||||||
|
So everything regarding this is currently speculation as it could be easily explained away as a glitch.
|
||||||
|
|
||||||
|
There is an entire thread [here](https://www.reddit.com/r/Superstonk/comments/o22pn0/stop_the_misinfo_ryan_cohen_has_not_bought_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||||
|
|
||||||
|
The banks are down?
|
||||||
|
|
||||||
|
Seems the banks have been having some pretty red days in the past days, but lets take an outside view on this for once, there is a thread [here](https://www.reddit.com/r/stocks/comments/o2ajxm/if_the_fed_just_announced_theyll_raise_interest/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) in [r/stocks](https://www.reddit.com/r/stocks/) which could give us some more "conservative" information on this subject, because we are looking at this problem from one direction, lets get another POV and lets see if it could help perhaps bring a new wrinkle.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/05hgtf74sz571.png?width=1916&format=png&auto=webp&s=fb573dc880a06f315bb69780f569b263f1ebea88)
|
||||||
|
|
||||||
|
Bloomberg terminal drop!
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/o272h3/17062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||||
|
|
||||||
|
The hidden shorts and the correlation of ftds
|
||||||
|
|
||||||
|
<https://www.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||||
|
|
||||||
|
There are also a couple of other things I want to add but I need to take care of some IRL stuff and will be adding them in a bit later, sorry for the inconvenience <3
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ja64w70ysz571.png?width=554&format=png&auto=webp&s=cc483317bbec7a3df139f6853447d6be28a8429f)
|
||||||
|
|
||||||
|
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/doww5nvzsz571.png?width=400&format=png&auto=webp&s=b883cce7d9c03a1b9824cb7cc7c4411b5f798085)
|
||||||
|
|
||||||
|
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: so finally have the time to finish this baby
|
||||||
|
|
||||||
|
first of all the update from [@Annihil4tionGod](https://twitter.com/Annihil4tionGod)
|
||||||
|
|
||||||
|
Short Volume Ratio Update 17. June 2021 AND a journey back in time: Short Volume Ratio Data from CBOE in 6 month timeframe since 2014. [#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [#AMC](https://twitter.com/hashtag/AMC?src=hashtag_click) [#SVR](https://twitter.com/hashtag/SVR?src=hashtag_click) Have a great day! 1/8
|
||||||
|
|
||||||
|
<https://twitter.com/Annihil4tionGod/status/1405690619218087937?s=20>
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lwlcoirlwz571.png?width=4096&format=png&auto=webp&s=4d8411b3a848674da4305445579572170cf03473)
|
||||||
|
|
||||||
|
2015
|
||||||
|
|
||||||
|
[](https://preview.redd.it/fawm928owz571.png?width=4096&format=png&auto=webp&s=30ccdbb129bd291efdbaf727de8fd515fbb48b78)
|
||||||
|
|
||||||
|
2016
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ey1y7lxpwz571.png?width=4096&format=png&auto=webp&s=93d3c0d72d4657cf55a438c03472a31157c2e46d)
|
||||||
|
|
||||||
|
2017
|
||||||
|
|
||||||
|
[](https://preview.redd.it/thyqo4drwz571.png?width=4096&format=png&auto=webp&s=85ec29ca51dc6b95d3842a2d590daf7c5d2b34d6)
|
||||||
|
|
||||||
|
2018
|
||||||
|
|
||||||
|
[](https://preview.redd.it/w8t3mniswz571.png?width=4096&format=png&auto=webp&s=42b5afc1c7ca1aeec9cc2453417e68973ca3480b)
|
||||||
|
|
||||||
|
2019
|
||||||
|
|
||||||
|
Unfortunately I can't post all the images he's found due to Reddit's image limit But I'd advise checking out his twitter, <https://twitter.com/Annihil4tionGod>
|
||||||
|
|
||||||
|
AG is known for doing some awesome data dives and really digging deep into it.
|
||||||
|
|
||||||
|
Again Thank you Annihil4tionGod for your awesome contributions <3
|
||||||
|
|
||||||
|
AG's research into historic short data:
|
||||||
|
|
||||||
|
<https://twitter.com/Annihil4tionGod/status/1405635801745133576?s=20>
|
||||||
|
|
||||||
|
Showing that since 2010ish short daily volume has been at minimum 50% which is insane, how can someone look at the data and say "shorting is healthy", this is just there to destroy companies at this point.
|
||||||
|
|
||||||
|
More putts then shares?
|
||||||
|
|
||||||
|
Also [u/luxowoman](https://www.reddit.com/u/luxowoman/) has made a thread [here](https://www.reddit.com/r/Superstonk/comments/o25onf/deep_otm_puts_total_update_strike_at_5_max/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), showing that currently there is the ENTIRE FLOAT in puts of $12 and below, can someone wake up Gary from his nap? I know it's only his 10th week or so...
|
||||||
|
|
||||||
|
On todays holiday
|
||||||
|
|
||||||
|
The EDGAR system will be closed as will the SEC be closed, everything else is open.\
|
||||||
|
<https://www.dtcc.com/-/media/Files/pdf/2021/6/17/a9015.pdf>
|
||||||
|
|
||||||
|
Alright that's it, Have an amazing weekend everyone!
|
@ -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 +1,12 @@
|
|||||||
|
Bottom of page 4 seems to say there's $720B worth of reverse repurchase agreements due within 2 weeks. Am I reading this right?
|
||||||
|
===============================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/rayb15h0p](https://www.reddit.com/user/rayb15h0p/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxtguc/bottom_of_page_4_seems_to_say_theres_720b_worth/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[federalreserve.gov/releas...](https://www.federalreserve.gov/releases/h41/current/h41.pdf)
|
||||||
|
|
||||||
|
[Question ❓](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&restrict_sr=1)
|
@ -0,0 +1,122 @@
|
|||||||
|
TL:DR -- I believe inflation is the match that has been lit that will light the fuse of our rocket.
|
||||||
|
==================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||||
|
|
||||||
|
Good evening [r/Superstonk](https://www.reddit.com/r/Superstonk/), neighborhood jellyfish here! I would like to revisit the [CPI report](https://www.reddit.com/r/Superstonk/comments/nwodvj/the_consumer_price_index_climbed_06_from_the/) from yesterday while considering Reverse Repos. One thing that happened after the 5% number came out was that junk-bond yields fell to new record lows.
|
||||||
|
|
||||||
|
Two bonds I would like to share with you all are:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/16ggnizq5r471.png?width=1472&format=png&auto=webp&s=2044efbec4edfd718975f23cbb46c5c57e488f21)
|
||||||
|
|
||||||
|
ICE BofA Single-B US High Yield Index Effective Yield @ 4.47% -.53% adjusted for inflation (Highly Speculative)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vzymxppt5r471.png?width=2917&format=png&auto=webp&s=98bb6f76625ee211c7c99a8f4b4c70ddcc65635f)
|
||||||
|
|
||||||
|
ICE BofA CCC & Lower US High Yield Index Effective Yield @ 6.83% 1.83% adjusted for inflation ("extremely speculative" to "default is imminent with little prospect for recovery")
|
||||||
|
|
||||||
|
Before we go any further, let's do some quick level setting on bonds and their risk descriptions:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/rehqd3r06r471.png?width=1329&format=png&auto=webp&s=e0feef1958f5dc822e8374073ebe411d5c378373)
|
||||||
|
|
||||||
|
How the Credit Rating Agencies Classify Corporate Bonds and Loans by Credit Risk, or the Risk of Default.
|
||||||
|
|
||||||
|
0:00
|
||||||
|
|
||||||
|
3:44
|
||||||
|
|
||||||
|
Jenga!
|
||||||
|
|
||||||
|
Ok, so back on topic, [inflation came in at 5% yesterday](https://www.reddit.com/r/Superstonk/comments/nwodvj/the_consumer_price_index_climbed_06_from_the/). Single-B yields drop to 4.47% and CCC & lower hit 6.83%.
|
||||||
|
|
||||||
|
However, after adjusting for inflation, these bonds are yielding -.53% on the Single-B and 1.83% on CCC & lower.
|
||||||
|
|
||||||
|
Can we let that sink in for a moment? To get any sort of positive yield an investor must expose themselves to bonds rated "extremely speculative" to "default is imminent with little prospect for recovery". If they invest in the Single-B 'Highly Speculative' they lose principal capital to inflation!
|
||||||
|
|
||||||
|
Stopping here for a moment, I believe this to be a primary driver to the Reverse Repo market exploding---because remember, counterparties can give the Fed as much cash as they aren't able to place for 0%, while 'investing' in something 'AAA' related.
|
||||||
|
|
||||||
|
However, the money for these institutions have to place is continuing to grow at a good clip because:
|
||||||
|
|
||||||
|
- Yellen is still drawing down the packed General Account Mnuchin stockpiled for her---she wants it at [$500 billion by the end of June](https://home.treasury.gov/news/press-releases/jy0011) (~ $174 billion more to go)
|
||||||
|
|
||||||
|
- local governments are getting Covid money [($350 billion included in the American Rescue Plan)](https://www.erienewsnow.com/story/44076717/local-governments-sift-through-treasurys-interim-guidance-on-spending-covid-aid)
|
||||||
|
|
||||||
|
- Central-bank asset purchases that continue chugging along [($120 billion per month)](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656)
|
||||||
|
|
||||||
|
In theory, all of this (~$644 billion) could end up in Reverse Repo. Add that to what they are already sheltering ($547 billion) and we could see the Reverse Repo market hit $1.191 trillion.
|
||||||
|
|
||||||
|
Ok Jellyfish, but what does this hypothetical reverse repo number have anything to do with CPI, and how the heck does it tie to GME?
|
||||||
|
|
||||||
|
First, even before all of this talk of inflation, the buying power of the dollar has gone down over time.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/u1sromf58r471.png?width=2340&format=png&auto=webp&s=6f640c25b1be662e4077aea3d2a30889cab41095)
|
||||||
|
|
||||||
|
It goes down, down...
|
||||||
|
|
||||||
|
Next, remember those ICE BofA CCC & Lower rated bonds we looked at up top? Those are the only bonds available for US corporate bonds whose average yield is above the rate of inflation.
|
||||||
|
|
||||||
|
Everything else currently has negative real yields, where the purchasing power of capital (remember this has already been taking a hit the last 50 years) is further obliterated by inflation, to the point these yields are just too low to effectively compensate for the loss of purchasing power, especially for the wildly risky assets and substantial risk that would have to be purchased to earn said yield.
|
||||||
|
|
||||||
|
Let's imagine for a moment that inflation *only* holds at 5% for the rest of the year (ha!) and comes back down to that 2ish% the Fed is PROMISING will happen. Whoever makes this investment is still *down in real terms since bonds purchased at today's rates (unless you are okay with investments only in "extremely speculative" to "default is imminent with little prospect for recovery" assets) because yields are below that of inflation*.
|
||||||
|
|
||||||
|
Viewed through this lens, one can say the Reverse Repo markets are being used as intended and not abused. But now inflation has been unleashed, and a permanent loss in purchasing power is in store for anyone who is buying bonds that aren't *"extremely speculative" to "default is imminent with little prospect for recovery". Everything else is getting a haircut from the current rate of inflation, and this isn't coming back.*
|
||||||
|
|
||||||
|
This brings me back to how this could tie to GME and begins the 'speculation' parts of this post.
|
||||||
|
|
||||||
|
Ok, we have established that the counterparties in the reverse repo market still have ~$644 billion or more coming their way that will have to be placed somewhere.
|
||||||
|
|
||||||
|
Remember, they can't just sit on this cash as the dollar is losing buying power (as we have seen above), the cash would get eaten by inflation, and it is a liability for them---since they must pay interest on client cash.
|
||||||
|
|
||||||
|
So I believe it is safe to assume that most (if not all) of the incoming cash will continue to make its way to the overnight Reverse Repo market. But what about cash that had been deployed to bonds on the balance sheet that are now getting its lunch eaten by inflation (as we established above with the adjusted for inflation rates)?
|
||||||
|
|
||||||
|
On April 7, [The Wallstreet Journal](https://www.wsj.com/articles/mall-owner-explores-debt-restructuring-for-new-yorks-largest-shopping-center-11617830147) reported that Destiny USA's owner, Pyramid Management Group, hired representation to look into restructuring the mall's debt, which includes Commercial Mortgage-Backed Securities (CMBS) and municipal securities known as PILOTs (Payments In-Lieu of Property Taxes). I don't know much about PILOTs but I only bring it up because the PILOT debt is senior to the larger of Destiny USA's two CMBS.
|
||||||
|
|
||||||
|
These two debt issues represent a total of roughly $716 million in outstanding principal ($286 Million in PILOT and $430 million in CMBS).
|
||||||
|
|
||||||
|
However, appraisers lowered the mall's valuation to just $203 million. That is not even enough to even cover the $286 million in PILOT bonds (which would get paid first!), leaving CMBS investors holding the bag. Consequently, their bonds have been [downgraded (from BB to B)](https://www.syracuse.com/business/2021/03/destiny-usas-junk-bond-ratings-just-got-junkier.html).
|
||||||
|
|
||||||
|
Now let's imagine you are an institution that has: made a bunch of these CMBS moves in commercial property that is not going to recover because of the pandemic.
|
||||||
|
|
||||||
|
Previously, these bonds *had* been able to be used as collateral for staving off margin calls or for whatever other fucking around they might happen to be doing.
|
||||||
|
|
||||||
|
Two things are now occurring. First, the new rules say this junk can't be used anymore as collateral. Second, inflation is coming and eating that sweet profit the bonds offer so any refinancing sees you losing more money on the bet.
|
||||||
|
|
||||||
|
Recall, the yield from interest payments is supposed to compensate for the loss of purchasing power, *and* also for the level of risk of default they are taking on by investing. But as we saw above, rates suck, the risk is through the roof, and evaluations/ratings of debt are all kinds of out of whack to [fraudulent](https://www.sec.gov/litigation/litreleases/2021/lr25030.htm).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ok2xksrd9r471.png?width=960&format=png&auto=webp&s=c6ab96684ac56cf1010235939aafd5e02b87781e)
|
||||||
|
|
||||||
|
I hope she comes back for the sequel!
|
||||||
|
|
||||||
|
OK, so to try and wrap this up (I hope):
|
||||||
|
|
||||||
|
- Cash is going to continue to pour in that needs to be placed.
|
||||||
|
|
||||||
|
- Inflation is going to make it impossible to earn positive rates on assets after being adjusted for inflation on anything but *"extremely speculative" to "default is imminent with little prospect for recovery"* risks.
|
||||||
|
|
||||||
|
- Cash can be stashed with the Fed @ 0% currently--although there are rumblings of having to taper support.
|
||||||
|
|
||||||
|
- Previous collateral (zombie CMBS as example) is considered junk and may be losing value due to being mistakenly rated/valued to begin, with yield rates, which had been used to secure the balance sheet now also being eaten by inflation.
|
||||||
|
|
||||||
|
- Their cash can't be used as collateral because it is a liability, and even if used, will suffer a loss of value from inflation.
|
||||||
|
|
||||||
|
Opinion: Because of inflation, the shorts are going to drown in their cash. There is no place for it to go to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default.
|
||||||
|
|
||||||
|
With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time until:
|
||||||
|
|
||||||
|
1. Being down in real terms because of inflation is something that cannot be made back up to service the debt and will weigh on balance sheets as they try to protect from margin calls.
|
||||||
|
|
||||||
|
2. Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can't meet the requirements to hold off a margin call.
|
||||||
|
|
||||||
|
3. They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements.
|
||||||
|
|
||||||
|
TL:DR -- I believe inflation is the match that has been lit that will light the fuse of our rocket.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zfeirmk1ar471.gif?format=mp4&s=145be8f8efce1dd435904906e802c79be7866221)
|
||||||
|
|
||||||
|
Tik Tock and I hope I didn't screw this up too badly!
|
@ -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 +1,12 @@
|
|||||||
|
BOOM, another record! $547.808 Billion in Reverse Repo operations occurred today. Yesterday it was $534.943 Billion 0% to 54 participants. Today is $547.808 Billion 0% interest to 49 participants.
|
||||||
|
====================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxl5gl/boom_another_record_547808_billion_in_reverse/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/avrh4pcp6o471.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
KABOOM, another record! $583.892 Billion in Reverse Repo operations occurred today. Previously it was $547.808 Billion 0% to 49 participants. Today is $583.892 Billion 0% interest to 59 participants.
|
||||||
|
=======================================================================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzrt3p/kaboom_another_record_583892_billion_in_reverse/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/6nospqpfl9571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
$509.559 Billion in Reverse Repo operations @ 0% to 45 participants occurred today. Previously it was $583.892 Billion 0% to 59 participants.
|
||||||
|
=============================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0jgmy/509559_billion_in_reverse_repo_operations_0_to_45/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/rsqpln5cqg571.png)
|
@ -0,0 +1,12 @@
|
|||||||
|
$755.800 Billion in Reverse Repo operations @ 0.05% from 68 participants occurred today. Yesterday it was $520.942 Billion 0% from 53 participants.
|
||||||
|
===================================================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o22eqe/755800_billion_in_reverse_repo_operations_005/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/7a5fwxm80v571.png)
|
@ -0,0 +1,23 @@
|
|||||||
|
# Full list of Reverse Repo Counterparties
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/NigTangV2](https://www.reddit.com/u/NigTangV2/) | [newyorkfed.org](https://www.newyorkfed.org/markets/rrp_counterparties.html#reverse-repo-counterparties) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
||||||
|
|
||||||
|

|
@ -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 +1,46 @@
|
|||||||
|
IMPORTANT: This is why they mentioned "more than a majority represented" at the meeting. It's simple. Read this. Please.
|
||||||
|
========================================================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/greysweatseveryday](https://www.reddit.com/user/greysweatseveryday/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvzwou/important_this_is_why_they_mentioned_more_than_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)
|
||||||
|
|
||||||
|
I have extensive experience with public company shareholder meetings.
|
||||||
|
|
||||||
|
There has been a lot of discussion about the statement made that "There are present at this meeting in person or by proxy more than the majority of all shares that are entitled to cast votes". This statement was made by the secretary at the meeting.
|
||||||
|
|
||||||
|
TL;DR: This was a standard statement made for the meeting to be valid.
|
||||||
|
|
||||||
|
WHY DID THE SECRETARY SAY THAT?!
|
||||||
|
|
||||||
|
It is part of his script for the meeting so that they have on record that quorum was met so the meeting could be validly held.
|
||||||
|
|
||||||
|
What is quorum? A quorum is the answer to the question: "How many stockholders need to vote for the shareholder's meeting to be validly held".
|
||||||
|
|
||||||
|
From the proxy statement, here are the quorum requirements (bolded by me):
|
||||||
|
|
||||||
|
> **6. What Constitutes a Quorum?**A quorum of common stockholders is required to hold a valid annual meeting of stockholders. Unless a quorum is present at the annual meeting, no action may be taken at the annual meeting except the adjournment thereof to a later time. The holders of a majority of the outstanding shares of our common stock entitled to vote at the meeting must be present or by proxy to constitute a quorum. All valid proxies returned will be included in the determination of whether a quorum is present at the annual meeting. The shares of a stockholder whose ballot on any or all proposals is marked as "abstain" will be treated as present for quorum purposes. If a broker indicates on the proxy that it does not have discretionary authority as to certain shares to vote on a particular matter, those uninstructed shares, constituting "broker non-votes," will be considered as present for determining a quorum, but will not be voted with respect to that matter.
|
||||||
|
|
||||||
|
<https://news.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4> page 10
|
||||||
|
|
||||||
|
Does that language look familiar? Yep.
|
||||||
|
|
||||||
|
DOES THIS MEAN THERE WASN'T OVER VOTING?
|
||||||
|
|
||||||
|
NO. This has nothing to do with over-voting. This is required for the secretary to say in order to properly conduct the meeting.
|
||||||
|
|
||||||
|
BUT THEN WHAT DOES THIS MEAN?!
|
||||||
|
|
||||||
|
It means that the shareholder meeting was validly constituted to conduct the business that it meant to conduct. It meant that the shareholder approvals made at the meeting are valid.
|
||||||
|
|
||||||
|
That's it.
|
||||||
|
|
||||||
|
Don't spread FUD or drama about this. It's nothing more than that.
|
||||||
|
|
||||||
|
EDIT 1: I've seen a couple different questions or comments stating that over-voting would have made the meeting invalid. I'm not sure where the source of that came from, but too many votes would not make the process invalid. In fact, Delaware law (GME exists under Delaware law) even contemplates that there might be over voting for public companies that is corrected by the inspector of elections. (<https://delcode.delaware.gov/title8/c001/sc07/index.html>, section 231(d)).
|
||||||
|
|
||||||
|
The quorum statement is purely procedural to ensure the meeting is valid. This has nothing to do with over-voting and this does not confirm that there was or was not over-voting.
|
@ -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 +1,22 @@
|
|||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [SEC](https://www.sec.gov/about.shtml) | [sec.gov](https://www.sec.gov/news/press-release/2021-84) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
# SEC Charges S&P Dow Jones Indices for Failures Relating to Volatility-Related Index
|
||||||
|
|
||||||
|
### FOR IMMEDIATE RELEASE
|
||||||
|
**2021-84**
|
||||||
|
|
||||||
|
Washington D.C., May 17, 2021 — The Securities and Exchange Commission today announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale index values during a period of unprecedented volatility.
|
||||||
|
|
||||||
|
The SEC’s order finds that the S&P 500 VIX Short Term Futures Index ER (Index) published by S&P DJI was intended to calculate values based on real-time prices of certain CBOE Volatility Index (VIX) futures contracts. According to the order, S&P DJI licenses the Index to, among others, issuers that use it to offer securities, including the issuer of the inverse exchange-traded note called XIV, and the license agreement requires S&P DJI’s approval of the description of the index in offering documents. On Monday, Feb. 5, 2018, the VIX experienced a spike of 115%, but the Index remained static during certain intervals between 4:00 p.m. and 5:08 p.m. that day. According to the SEC’s order, this was due to an undisclosed “Auto Hold” feature, which is triggered if an index value breaches certain thresholds, at which point the immediately prior index value continues to be reported. The SEC found that XIV’s issuer derived information about the Index from S&P DJI’s public disclosures about the Index, but the Auto Hold feature had never been publicly disclosed. The SEC’s order finds that S&P DJI personnel did not release the Auto Hold for the Index during the referenced intervals, as they had the ability to do, resulting in the publication and dissemination of stale and static Index values, rather than values based on the real-time prices of certain VIX futures contracts.
|
||||||
|
|
||||||
|
The SEC’s order finds that, because the Index was the primary input for the calculation of the XIV ETN’s indicative value, the ETN’s indicative values published to the market during the same intervals were similarly static and, as a result, the indicative values being reported in real-time were higher than they would have been if the Auto Hold had not been triggered. While the Auto Hold was in place freezing the values being published to the market, XIV’s indicative value breached a key metric, which provided XIV’s issuer the right to accelerate all outstanding notes. According to the SEC’s order, XIV therefore had an economic value that was substantially lower than what had been publicly reported and was at risk of being accelerated by its issuer.
|
||||||
|
|
||||||
|
“Index providers like S&P DJI play a crucial role in the financial markets,” said Daniel Michael, Chief of the SEC Enforcement Division’s Complex Financial Instruments Unit. “When index providers license their indices for the issuance of securities, as S&P DJI did here, they must ensure that the disclosure of critical features of their products as well as the publication of real-time values are accurate.”
|
||||||
|
|
||||||
|
The SEC’s order charges S&P DJI with violating Section 17(a)(3) of the Securities Act. Without admitting or denying the SEC’s findings, S&P DJI agreed to a cease-and-desist order and to pay a $9 million penalty.
|
||||||
|
|
||||||
|
The SEC’s investigation was conducted by Joshua I. Brodsky, Armita S. Cohen, and Daniel L. Koster of the Complex Financial Instruments Unit and Matthew O. Koop of the Market Abuse Unit with assistance from Thomas Bednar and David Misler of the Enforcement Division’s Trial Unit. The investigation was supervised by Jeffrey P. Weiss.
|
@ -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."
|
144
Government/2021-06-17-WTF-is-the-Fed-Doing.md
Normal file
144
Government/2021-06-17-WTF-is-the-Fed-Doing.md
Normal file
@ -0,0 +1,144 @@
|
|||||||
|
WTF is the Fed Doing?
|
||||||
|
=====================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/leisure_rules](https://www.reddit.com/user/leisure_rules/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Given the continued QE, the increasing usage of the ON RRP facility, and the lack of inflationary concern from JP at the FOMC meetings yesterday, I figured I'd take a stab at distilling what's happening.
|
||||||
|
|
||||||
|
In case you're interested, here's a write-up I did that will go into much more detail than I will here: <https://www.reddit.com/r/Superstonk/comments/o0kt0y/the_fed_value_of_money_and_emergency_relief/>
|
||||||
|
|
||||||
|
Hokay, here we go.
|
||||||
|
|
||||||
|
Monetary Policy and the Fed
|
||||||
|
|
||||||
|
Again, keeping it top line here. The Fed's main goals are
|
||||||
|
|
||||||
|
1. maintaining moderate long-term interest rates
|
||||||
|
|
||||||
|
2. maximum employment
|
||||||
|
|
||||||
|
3. stable prices (specifically keeping inflation around 2% **on average* this is key*)
|
||||||
|
|
||||||
|
How does the Fed work to achieve these goals, you ask? Monetary Policy:
|
||||||
|
|
||||||
|
Expansionary - cash goes in, collateral comes out, saving goes down, spending and economic growth accelerate
|
||||||
|
|
||||||
|
Contractionary - cash goes out, collateral goes in, saving goes up, spending and economic growth slow
|
||||||
|
|
||||||
|
They did this by setting a target interest rate on which all interest rates can be based. Increasing or decreasing this target rate is the main driver of monetary policy. How they reach that target has changed over time.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tel7un3ust571.png?width=810&format=png&auto=webp&s=a2e760af368c2cd0ec1a1ac26be313e170a8dde4)
|
||||||
|
|
||||||
|
Pre-2008
|
||||||
|
|
||||||
|
For a long time, the Fed did this solely by dictating the amount of reserves held by institutions at the Federal Reserve. It could increase or decrease the supply of reserves by buying or selling treasuries on the open market.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ao0g9bynst571.png?width=807&format=png&auto=webp&s=be9025fbbf6610f4ad0e3ef83e293686ce1776f8)
|
||||||
|
|
||||||
|
How it used to work
|
||||||
|
|
||||||
|
Simply, these changes in the supply and demand of these reserves determined the federal funds rate (FFR), which is defined as the interest rate that banks charge each other to borrow or lend reserves in the federal funds market. This rate acts as the foundation for all interest rates in the market(s). As a consumer, the higher your credit-worthiness, the closer your rate on a loan/car/etc. would be to the FFR. To summarize:
|
||||||
|
|
||||||
|
- To raise the FFR, the Fed decreases the supply of reserves by *selling* U.S. Treasury securities in the open market.6 The decrease in reserves shifts the supply curve left, resulting in a higher FFR.
|
||||||
|
|
||||||
|
- To lower the FFR, the Fed increases the supply of reserves by *buying* U.S. Treasury securities in the open market. The increase in reserves shifts the supply curve right, resulting in a lower FFR.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/t8axn611mt571.png?width=410&format=png&auto=webp&s=19f1e30216d8b13542d93ea0a2a1f7e8678af10a)
|
||||||
|
|
||||||
|
Moving the vertical supply curve left or right adjusted the FFR
|
||||||
|
|
||||||
|
Post-2008
|
||||||
|
|
||||||
|
So, obviously a bunch of fucked-up shit took place - I recommend reading the essay compiled by [u/criand](https://www.reddit.com/u/criand/) - [The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/)
|
||||||
|
|
||||||
|
But long-story short, the Fed 'needed' to do something to prevent the entire collapse of the global economy.
|
||||||
|
|
||||||
|
**opinion* the Fed could've prevented a lot of this shit through it's job as a economic 'regulatory' entity, but has instead chosen to be a 'lender-of-last-resort' coming in as the janitor to clean up Wall Streets shit*
|
||||||
|
|
||||||
|
ANYWHO, what changed? Well a lot actually, but we'll focus on how the Fed determines interest rates now.
|
||||||
|
|
||||||
|
When the Fed when on a shopping spree to clean up the liquidity mess of the MBS debacle, it drastically altered the composition of its balance sheet - meaning the asset side not only went up significantly, but also changed in composition. It no longer only purchased US Treasuries on the open market, but now was open to buying the dog shit MBS, agency debt, and other assets that were previous dubbed, well, dog shit. Here's a colorful graph to illustrate this:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/n9wb3ihmnt571.png?width=2184&format=png&auto=webp&s=e5bc5d26f81ea98c076563fab4bedc6580b56432)
|
||||||
|
|
||||||
|
ooo colors
|
||||||
|
|
||||||
|
So quickly without going into accounting 101, balance sheets. As the name implies, balance sheets have to remain balanced. So what did the Fed do to compensate this shopping spree, it 'printed money' of course, by creating new reserve balances on the liability side of the sheet. Problem solved
|
||||||
|
|
||||||
|
Except no, this just introduced a whole new problem. As you can see above, it wasn't a short term fix. This created a lasting and fundamental change in how the Fed conducts monetary policy.
|
||||||
|
|
||||||
|
Limited-Reserves to Ample-Reserves
|
||||||
|
|
||||||
|
See the problem is, when there is a large quantity of reserves in the banking system, the Federal Reserve can no longer influence the FFR by making relatively small changes in the supply of reserves. This changes the entire fundamental mechanism of monetary policy! So what'd they do? They just changed the policy.
|
||||||
|
|
||||||
|
Introducing IOR on ON RRP - Interest on Reserves and Over Night Reverse Repo Rates. Now by adjusting these rates, the Fed can control that FFR they care so much about, by trying to keep it within the desired range dictated by the current monetary goals.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/hddxylu5pt571.png?width=412&format=png&auto=webp&s=0a26d531900d37414adf83a57e53e01ef1b8ff90)
|
||||||
|
|
||||||
|
With the Supply curve now so far to the right (lots of reserves) the FFR rate is less likely to fluctuate along the demand curve
|
||||||
|
|
||||||
|
By implementing the guardrails of IOR and ON RRP, the Fed again has control over monetary policy. Except now, it's not really monetary policy anymore is it? A lot of economists will argue it's something called Credit Policy, because the quantity of 'money' isn't actually changed - just the rate at which it can be borrowed.
|
||||||
|
|
||||||
|
The Fed seemed to get rather used to this concept, and as the economy recovered from the Great Recession, the Fed took steps to reduce the supply of reserves from its peak in October 2014 of about $2.7 trillion. Over the next few years, the Fed reduced reserves to about $1.7 trillion. However, they still remained *ample as it related to pre-2008.* In fact, in January 2019, the FOMC released a statement saying it would continue to implement policy with ample reserves in the long run. This was further confirmed in June of 2021 (yeah like 3 weeks ago), when the Fed announced it plans to move away from reserve requirements as they just aren't needed when you have ample reserves.
|
||||||
|
|
||||||
|
I skipping so much shit, but for the sake of keeping your attention we'll move on
|
||||||
|
|
||||||
|
Which Brings Us to Today (more or less)
|
||||||
|
|
||||||
|
We all know what happened last year, and the ample-reserves at the Fed have only become MORE ample. As mentioned, policy directives were starting to wind-down the reserves held at the Fed, until COVID hit.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ncq8dvcjqt571.png?width=1466&format=png&auto=webp&s=cd6d82f86d2347795a3b101bfcc0585bc9ad51a5)
|
||||||
|
|
||||||
|
FED PRINTER GO BRRRRR
|
||||||
|
|
||||||
|
Now, the Fed is buying $80T in Treasuries, $40B in MBS, and droped the ON RRP to 0% - setting an effective FLOOR for all interest rates.
|
||||||
|
|
||||||
|
The ON RRP Facility
|
||||||
|
|
||||||
|
Well when the Fed decided it wanted to finally shift gears and 'taper' their dog-shit-shopping-spree, the question remained of how that would affect short-term interest rates. After all, the IOR only applied to a select list of primary dealers, so how could they guarantee that those institutions would follow their plan?
|
||||||
|
|
||||||
|
In order to maintain control of this process, they set up the ON RRP Facility in 2014. The ON RRP facility is a form of open market operations where the Fed stands ready to interact with many nonbank financial institutions, such as large money market funds (MMF) and government-sponsored enterprises (GSE) - think Blackrock (MMF) or Freddie/Fannie (GSE). This RRP facility enabled those institutions to engage in overnight RRPs with the Fed at a predetermined rate (the "ON RRP rate"), which was set 25 basis points below IOER - essentially creating those guardrails you saw around the FFR. Now by moving both the IOR and ON RRP rates, the Fed again has control over monetary (or credit) policy.
|
||||||
|
|
||||||
|
The TGA
|
||||||
|
|
||||||
|
Something worth noting is the Treasury General Account - essentially the slush fund for the US Dept. of Treasury, held at the Fed. Similar to a lot of things, the functions of this account changed after 2008.
|
||||||
|
|
||||||
|
The way it operated prior to 2008, it didn't actually affect bank reserves and/or monetary policy as the Treasury Taxes and Loans program handled it separately. So when a corporation paying taxes, for example, would write a check to the Treasury that would be deposited in a bank, where the funds would be deposited in a Treasury account and stay on the bank's balance sheet rather than going into the TGA (as it does now). However, the need to collateralize Treasury deposits occasionally led banks to cap the amount of funds they were willing to hold for the Treasury. This limited the Fed/Treasury's ability to influence monetary policy directly via Treasury issuance.
|
||||||
|
|
||||||
|
Now, the TGA has become a big driver of monetary (or credit) policy, and it has direct influence over the reserve balances held at the Fed. So a wind down of the TGA balance directly *increases* the balance of federal reserve account balance of depository institutions. The treasuries issued last year as 'payment' for the $3T for COVID relief go back to the Treasury to likely be used again for the next time they want to pump up the TGA balance around stimulus spending.
|
||||||
|
|
||||||
|
This effectively removes the available collateral that can be borrowed from the Fed on a short term basis. Those *treasuries* held on collateral sat in the SOMA (assets side) at the Fed, but the Treasury's *cash* sits in the TGA (a liability on the balance sheet), which is also at the Fed. In order to offset that disparity - influx of cash coupled with decrease in available bonds to borrow - it necessitated the utilization ON RRP facilities, which as we know was introduced to help control short term rate changes in the money markets - now directly affected by changes in the TGA account.
|
||||||
|
|
||||||
|
*Long story short - TGA goes down, Reserve Balances go up = more cash in circulation*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/tspj5vat0u571.png?width=1464&format=png&auto=webp&s=0d6db955bd2019b2f453cadaae361819fccea7a3)
|
||||||
|
|
||||||
|
look at the inverse relationship between the Green and Orange lines
|
||||||
|
|
||||||
|
To Wrap Up
|
||||||
|
|
||||||
|
So now that you understand the macro objectives of the Federal Reserve (hopefully), I'm going to quickly summarize the current situation we're in and why no one (at the Fed at least) seems to be concerned:
|
||||||
|
|
||||||
|
[According to the Fed](https://finance.yahoo.com/video/ny-fed-pres-williams-financial-200415526.html?guccounter=1&guce_referrer=aHR0cHM6Ly93b2xmc3RyZWV0LmNvbS8&guce_referrer_sig=AQAAAA64ghmbSRhBF8yMH6GXtqGi5cppvTxynQHoXkunrkOahGgH5t8tn9bK_iQYFftcFxV6TKs_FgiPcrDCWtkLy9qMKKfHqtQ-vk509BiZD9cnySHy89BJp0BWpwiWd7wON9225Lspm6fSI4z-_vbycGMAi591nP8nrXf6cVUAH4Qr), as JP reiterated yesterday, this is business as usual, working exactly as intended, and will continue for the foreseeable future.
|
||||||
|
|
||||||
|
However, the banks [have way too much cash](https://www.wsj.com/articles/banks-to-companies-no-more-deposits-please-11623238200). All of them. Commercial all the way up to GSIBs. So in order to maintain their capital requirements they're offloading a lot of it to MMFs. (This dude proves that it's MMFs mainly using the ON RRP facility right now, as intended [LINK](https://www.reddit.com/r/Superstonk/comments/nzrtvz/daily_reverse_repo_update_0614_583892_b_new_record/h1r5c7f?utm_source=share&utm_medium=web2x&context=3))
|
||||||
|
|
||||||
|
So why is the Fed still doing this? Well, go back to those mandates as part of their charter Specifically, 1) maintain a stable rate of inflation of around 2% *average* and 2) full employment. Inflation is not a concern to J. Powell, as he feels it is transitory and will even out to hit that *2% average over time*. The kicker is unemployment is still high. So until more people return to work, the QE will continue, coupled with the wind down of the TGA.
|
||||||
|
|
||||||
|
So, to summarize, a major concern a lot of people have is that as this continues short-term interest rates have an increasing likelihood to dip into the negatives. This isn't ideal obviously, and if that transcends into commercial banking you're going to see a run of consumers pulling out their cash (who wants to pay the bank to hold your money?).
|
||||||
|
|
||||||
|
Duh duh duh - the *ON RRP facility mops up that mess, each and every night.*
|
||||||
|
|
||||||
|
So the whole point is that the Fed is kicking the can down the road not with anything to do around over-leveraged equities (at least not fully), but to avoid negative interest rates becoming prevalent, and seeing all that cash and liquidity out there drained from the markets - effectively undoing their goals around current monetary policy.
|
||||||
|
|
||||||
|
Hence, resulting in the "nothing to see here folks" narrative.
|
||||||
|
|
||||||
|
Again, this is a summary of events and there is a lot of missing information and dynamics not covered. Obviously not financial advice, as always be kind to one another and buy & hold
|
||||||
|
|
||||||
|
If you want to get a more in-depth crash course on this evolution, [this is a great place to start](https://reffonomics.com/amplereservesregime.html)
|
@ -0,0 +1,44 @@
|
|||||||
|
I think the Fed just accidentally proved us right
|
||||||
|
=================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/leisure_rules](https://www.reddit.com/user/leisure_rules/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o2lgfg/i_think_the_fed_just_accidentally_proved_us_right/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
Some background reading: [Detailed](https://www.reddit.com/r/Superstonk/comments/o0kt0y/the_fed_value_of_money_and_emergency_relief/) & [Simplified](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/)
|
||||||
|
|
||||||
|
As we all know, usage of the ON RRP Facility just jumped up over $200B, setting a new record at $755.8 billion from now 68 counterparties. Why?
|
||||||
|
|
||||||
|
Well, during the FOMC meetings, the Fed announced a few things around QE that are circulating through MSM, freaking everyone out about there being 'too much money' and risks of inflation - but a key change that isn't getting as much attention is their decision to raise the IOR and ON RRP rate 5 basis points (.05%), effectively trying to raise the 'floor' of the FFR. (If this doesn't make sense to you, please read [this](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/) explanation)
|
||||||
|
|
||||||
|
Long story short, the Fed is now incentivizing more usage of the facility in its efforts to raise the interest rates away from negative territory, by offering to pay counterparties 5 basis points instead of 0 to park cash every night. This seems counterintuitive right, since continued QE is pumping cash into the system, and now the Fed is paying to take it back out at the end of each day - but it actually makes sense when you look at the affect it has (or should have) on short-term interest rates in the open market.
|
||||||
|
|
||||||
|
While the ON RRP rate was still 0, we could all assume that the 'too much money' narrative was in fact the issue. However, something interesting happened to short-term T-bill yields yesterday when the ON RRP rate was lifted:
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vntx5gfvmz571.png?width=705&format=png&auto=webp&s=bf2eb085ecc96b9033458c15ef7c35fe25e29c00)
|
||||||
|
|
||||||
|
short-term yields went the WRONG DIRECTION
|
||||||
|
|
||||||
|
What does this mean? Well, the goal was to start easing yields back up from near-zero or potentially negative levels by lifting the 'floor' of the ON RRP. If the issue was purely due to too much money being in the system, it would've worked. Banks, MMFs, GSEs, etc. would take the 5 basis points from the Fed and not bother parking their excess cash elsewhere for less interest.
|
||||||
|
|
||||||
|
So the reverse repo is now at 5, yet bill yields at the 4-, 8-, and 3-month maturities are all less than this. Why? It can only mean this one thing, there is a stark and very dire need for high-quality collateral, otherwise nothing would ever yield below this secured alternative with the Federal Reserve. Who would buy a 4- or 8-week UST bill returning one and a half maybe two basis points less than lending to the Fed secured by the same instrument? They're giving up guaranteed profit
|
||||||
|
|
||||||
|
This all points to the true underlying issue that we collectively have been yelling about here - there is a MAJOR collateral liquidity issue in the money markets. I WONDER WHY....
|
||||||
|
|
||||||
|
edit:
|
||||||
|
|
||||||
|
TL;DR
|
||||||
|
|
||||||
|
The Fed just inadvertently showed us that the liquidity issue around ON RRP usage isn't 'too much cash' - it's too little collateral.
|
||||||
|
|
||||||
|
from [u/scamiran](https://www.reddit.com/u/scamiran/):
|
||||||
|
|
||||||
|
There's plenty of liquidity in the market.
|
||||||
|
|
||||||
|
Solvency? Not so much. But everyone wants to pretend that if there is sufficient liquidity, there must be solvency.
|
||||||
|
|
||||||
|
That's how you get zombie banks and stagflation.
|
@ -0,0 +1,12 @@
|
|||||||
|
Citadel Securities Luxembourg dissolved 4/30/2021
|
||||||
|
=================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/cspawn](https://www.reddit.com/user/cspawn/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0n955/citadel_securities_luxembourg_dissolved_4302021/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[gd.lu/resa/2...](https://gd.lu/resa/2mng1G)
|
||||||
|
|
||||||
|
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
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)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
246
Jungle-Beat-Archives/2021-06-14-Jungle-Beat.md
Normal file
246
Jungle-Beat-Archives/2021-06-14-Jungle-Beat.md
Normal file
@ -0,0 +1,246 @@
|
|||||||
|
The Jungle Beat- Monday 06-14-2021- It's Finally Monday Again!!! 🚀🚀🚀
|
||||||
|
=======================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzvpvg/the_jungle_beat_monday_06142021_its_finally/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/nuke285am9571.png?width=1426&format=png&auto=webp&s=770b6f9cb3d0db13807585ec8080c07179a5eb35)
|
||||||
|
|
||||||
|
u/Sharkbait_lol, u/grungromp, u/pinkcatsonacid, u/bye_triangle, u/redchessqueen99, u/Captain-Fan
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📉
|
||||||
|
|
||||||
|
$GME Closing Price: $229.44
|
||||||
|
|
||||||
|
Open Price: $236.50
|
||||||
|
|
||||||
|
Daily High: $238.01
|
||||||
|
|
||||||
|
Daily Low: $219.20
|
||||||
|
|
||||||
|
Volume: 7.06 MM
|
||||||
|
|
||||||
|
_____________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ttu18klap8571.jpg?width=944&format=pjpg&auto=webp&s=dc83f7e34dcd38476f55ffe25d0980343e3b4546)
|
||||||
|
|
||||||
|
WeBull's Public Opinion $GME rating 06-14-2021
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
NEW!! We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!!
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Company! We Support the Company!
|
||||||
|
|
||||||
|
Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop;
|
||||||
|
|
||||||
|
- [Shop at Gamestop.com](https://www.gamestop.com/) 🛒
|
||||||
|
|
||||||
|
- [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) ✊
|
||||||
|
|
||||||
|
- [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) 🚀
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitter](https://twitter.com/GameStop) 🦍
|
||||||
|
|
||||||
|
- [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) 🖍
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) 🎮
|
||||||
|
|
||||||
|
- [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) 🌙
|
||||||
|
|
||||||
|
- [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) 🦧
|
||||||
|
|
||||||
|
- [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) 🍌
|
||||||
|
|
||||||
|
- [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) 📈
|
||||||
|
|
||||||
|
- Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) 💎
|
||||||
|
|
||||||
|
Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/1v1xr0g3s8571.jpg?width=1080&format=pjpg&auto=webp&s=acc74fe4a4d8dc2e6e4b902b294bf5d9243e255d)
|
||||||
|
|
||||||
|
Power to the Player 💎✊
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Stock!!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/kpcdut8zu3571.png?width=480&format=png&auto=webp&s=2662f922ad6457977e879c9fa4b13295c6ed3817)
|
||||||
|
|
||||||
|
Going back to our roots
|
||||||
|
|
||||||
|
There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (NO).
|
||||||
|
|
||||||
|
THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3zbjz71nd8571.jpg?width=603&format=pjpg&auto=webp&s=e8443aa2cc8ac94db62a0ad3febc32d1d8b22708)
|
||||||
|
|
||||||
|
Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was not made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it.
|
||||||
|
|
||||||
|
And a little refresher on the we/us debate- WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY. There is nothing wrong with that!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/2lpjdekg78571.png?width=740&format=png&auto=webp&s=12f527b70f2aaf29396f15f777129a6927c7c168)
|
||||||
|
|
||||||
|
Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION.
|
||||||
|
|
||||||
|
Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? NO. Do we have an agreed upon floor price that we all must adhere to? Umm..... :gestures broadly at literally everyone debating possible floor price:
|
||||||
|
|
||||||
|
Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? [Like 5 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole.
|
||||||
|
|
||||||
|
Well, I lied. Hedgies are doing plenty.
|
||||||
|
|
||||||
|
So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? (RIGHT?!?)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/mpwfwnnx78571.png?width=800&format=png&auto=webp&s=dbd9e0dc43abe93bb7b74ae1f86b55c7db615a08)
|
||||||
|
|
||||||
|
Y'all aren't imaginary, right?
|
||||||
|
|
||||||
|
We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit. There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership.
|
||||||
|
|
||||||
|
What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? APES REMEMBER**.** Don't let FUD stop you from bonding with your fellow ape. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮
|
||||||
|
|
||||||
|
[](https://preview.redd.it/jnfssd1k88571.png?width=549&format=png&auto=webp&s=4c66fef620a388bf01f32a008da79d153533931d)
|
||||||
|
|
||||||
|
With that being said, WE HAVE NO LEADER HERE. [r/Superstonk](https://www.reddit.com/r/Superstonk/) has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. This community was built by apes, for apes. With no one user more important than the other. APE= All People Equal ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lu1ryvz9f8571.png?width=1000&format=png&auto=webp&s=ba989b8ceba279596c56a29678ccf9819f0eadea)
|
||||||
|
|
||||||
|
WE DON'T HAVE ONE!
|
||||||
|
|
||||||
|
Here's a few notes from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**'s Weekend Update**
|
||||||
|
|
||||||
|
1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu.
|
||||||
|
|
||||||
|
2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy.
|
||||||
|
|
||||||
|
3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it.
|
||||||
|
|
||||||
|
4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub.
|
||||||
|
|
||||||
|
5. TL;DR: We like the stock. We love the company. We are apes. That's about it.
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
||||||
|
|
||||||
|
___________________________________________________________________________
|
||||||
|
|
||||||
|
Community Spotlight- WTF IS RRP
|
||||||
|
|
||||||
|
[](https://preview.redd.it/4unxgl9lq3571.png?width=509&format=png&auto=webp&s=9117527736696c56da3ea13d6af121ecad077067)
|
||||||
|
|
||||||
|
Credit u/Itsjustmerk
|
||||||
|
|
||||||
|
So what the hecc does reverse repo mean? This comment by [u/semerien](https://www.reddit.com/u/semerien/) explains it perfectly:
|
||||||
|
|
||||||
|
A reverse repo is when banks, government entities or money market funds "buy" short term treasuries bonds from the fed with cold, hard cash.
|
||||||
|
|
||||||
|
I say "buy" because the deal is only overnight. The next day they sell them back to the fed and get their cash back.
|
||||||
|
|
||||||
|
They do this because right now interest rates are so low that if you try to maintain "highly liquid assets" (shit you can easily turn in to cash if you end up needing cash in a few minutes) you end up losing money due to inflation and short term securities turning negative interest rates.
|
||||||
|
|
||||||
|
So instead of losing money when you have large piles of money, you give the cash to the Fed overnight and then get it back the next day. Currently there is no interest rate on the reverse repo, you don't make any cash doing this.
|
||||||
|
|
||||||
|
However you don't lose cash, which you could lose by any of the other short term, highly liquid assets you could invest in.
|
||||||
|
|
||||||
|
It signifies big banks and money makers are sitting on piles of cash and don't trust any other investments right now. They would rather just store it overnight with the fed where at least they don't lose money.
|
||||||
|
|
||||||
|
There are also theories that the banks are short selling the treasuries they get during the overnight repo to try and make extra money on the deal. Definitely possible but kind of scary when you look at it.
|
||||||
|
|
||||||
|
Alot of these big banks also own money maker funds so they could technically be "double dipping" and be multiple participants in the overnight repo market.
|
||||||
|
|
||||||
|
All those banks sold bonds in the billions of dollars in April and likely had to store the cash somewhere until they need it.
|
||||||
|
|
||||||
|
But they want it to remain highly liquid so they have easy access to it on the day the financial market implodes.
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Welcome Satori Team as Moderators
|
||||||
|
|
||||||
|
by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
|
||||||
|
|
||||||
|
Not many of you know the true history behind Satori and how it became so intertwined with the mod team. The truth is they've been working with me since before the [r/Superstonk](https://www.reddit.com/r/Superstonk/) migration. These members include [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/), [u/grungromp](https://www.reddit.com/u/grungromp/), and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/). They have worked meticulously and tirelessly to progress the Satori project from idea to manifest guardian ape-gel of Superstonk.
|
||||||
|
|
||||||
|
Awhile ago, we added [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) and he was able to study the sub from a moderator perspective. He has earned our trust and since then has been promoted to general mod permissions. As a result, the Satori team quickly became linked to the mod team, as they became more and more critical to the sub's makeup.
|
||||||
|
|
||||||
|
In the past few months, in addition to Satori, they have helped us identify FUD attacks, organize mod mail, and identify bad actors and true apes alike. I would be wrong to suggest they aren't already a critical aspect of our moderating practice, and therefore we mods voted with overwhelming support to do the next logical step: add them as moderators.
|
||||||
|
|
||||||
|
Please join the mod team in welcoming [u/grungromp](https://www.reddit.com/u/grungromp/) and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/) to the moderator team. I have no doubt they will continue to bring incredible concepts to life, with more accuracy and reliability, as mods themselves. Congratulations!
|
||||||
|
|
||||||
|
Also, now they can't escape *maniacal laughter**cough-cough*
|
||||||
|
|
||||||
|
Satori Approvals
|
||||||
|
|
||||||
|
by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/k7ysnex0n8571.png?width=1332&format=png&auto=webp&s=47e34159070430ef40ca28383eeb3ab314cd8024)
|
||||||
|
|
||||||
|
SATORI DIRECTIVE: PR073CC 4P3
|
||||||
|
|
||||||
|
For those unaware, Satori is a sophisticated program that we utilize as a subreddit to identify "true apes" and also "bad actors" or people who would otherwise spread FUD and harassing posts. As a result of this software, we have been able to introduce an approval process that adds members to the Approved Users list. These approved users can bypass the [karma and age limits imposed by automod](https://www.reddit.com/r/Superstonk/wiki/index/automod_info).
|
||||||
|
|
||||||
|
We realize there is some confusion about Satori, and we are working on clearing this up in a more reliable way. I just created a [wiki page for Satori](https://www.reddit.com/r/Superstonk/wiki/index/satori) and while it is currently under construction you can check back there for updates on the system. This should help us streamline any questions and information, just as we do with [SuperstonkBot](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot).
|
||||||
|
|
||||||
|
Additionally, you can check out [u/grungromp](https://www.reddit.com/u/grungromp/)'s post, [Satori: The One Week Security Update (Important Information Inside)](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), for a more recent update. The most critical aspect of this post is the new !apeprove! comment function, which means that any user, inside karma/age limits or not, can comment !apeprove! on any [r/Superstonk](https://www.reddit.com/r/Superstonk/) post and be bumped to the top of the list. If your comment is immediately removed, I am told it will still work!
|
||||||
|
|
||||||
|
We have some limits imposed by Reddit, so the approvals are done in waves so as to work within this limits and Reddit policy. This !apeprove! function allows active users to essentially cut line. Make sure you use it! Spam will not be tolerated, though. Patience is key.
|
||||||
|
|
||||||
|
[Read the full weekend update post by Red here.](https://www.reddit.com/r/Superstonk/comments/nzcsoh/weekend_update_are_you_ready_to_rumble/)
|
||||||
|
|
||||||
|
___________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 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/drux2rhae8571.png?width=1600&format=png&auto=webp&s=1a323916e05d9ef3327b7d7825c25385b7c02243)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
268
Jungle-Beat-Archives/2021-06-15-Jungle-Beat.md
Normal file
268
Jungle-Beat-Archives/2021-06-15-Jungle-Beat.md
Normal file
@ -0,0 +1,268 @@
|
|||||||
|
The Jungle Beat- 06-15-2021- 005 IS OFFICIALLY IN THE HOUSE 🚀🚀🚀🚀🚀
|
||||||
|
======================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0np51/the_jungle_beat_06152021_005_is_officially_in_the/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/vl0eafzinh571.png?width=1426&format=png&auto=webp&s=6d3ea311998d5d9c206c00173a126eb346020982)
|
||||||
|
|
||||||
|
u/Sharkbait_lol, u/grungromp, u/pinkcatsonacid, u/bye_triangle, u/redchessqueen99, u/Captain-Fan
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📉
|
||||||
|
|
||||||
|
$GME Closing Price: $222.50
|
||||||
|
|
||||||
|
Open Price: $226.36
|
||||||
|
|
||||||
|
Daily High: $229.25
|
||||||
|
|
||||||
|
Daily Low: $208.00
|
||||||
|
|
||||||
|
Volume: 7.2 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) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
NEW!! We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!!
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Company! We Support the Company!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/h5urj97nkh571.jpg?width=1080&format=pjpg&auto=webp&s=b2d259f2f08be21cc251d0cc4e6846c4612fd84f)
|
||||||
|
|
||||||
|
Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop;
|
||||||
|
|
||||||
|
- [Shop at Gamestop.com](https://www.gamestop.com/) 🛒
|
||||||
|
|
||||||
|
- [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) ✊
|
||||||
|
|
||||||
|
- [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) 🚀
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitter](https://twitter.com/GameStop) 🦍
|
||||||
|
|
||||||
|
- [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) 🖍
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) 🎮
|
||||||
|
|
||||||
|
- [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) 🌙
|
||||||
|
|
||||||
|
- [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) 🦧
|
||||||
|
|
||||||
|
- [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) 🍌
|
||||||
|
|
||||||
|
- [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) 📈
|
||||||
|
|
||||||
|
- Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) 💎
|
||||||
|
|
||||||
|
Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers!
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
DTC-2021-005 IS NOW LIVE
|
||||||
|
|
||||||
|
[](https://preview.redd.it/w89u7vh4sh571.png?width=450&format=png&auto=webp&s=9353444f4ed22fc523db417c45f52526908447a6)
|
||||||
|
|
||||||
|
RELEASE HER, u/RaxisX
|
||||||
|
|
||||||
|
[Link to the filing](https://www.dtcc.com/legal/sec-rule-filings)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/krhb011xih571.png?width=907&format=png&auto=webp&s=3bc5e5dd3beb5f97bede0d1f201797e24ec88052)
|
||||||
|
|
||||||
|
credit u/Sharkbait_lol
|
||||||
|
|
||||||
|
AND IT'S EFFECTIVE IMMEDIATELY
|
||||||
|
|
||||||
|
[](https://preview.redd.it/izllxro5jh571.png?width=632&format=png&auto=webp&s=652040f562618a636cde93e48e1f86aa306bb678)
|
||||||
|
|
||||||
|
So what is 005?
|
||||||
|
|
||||||
|
DTCC-2021-005 Asset Tagging and Share Lending Revisions
|
||||||
|
|
||||||
|
*Prevents loaned/borrowed shares from being loaned/borrowed more than once.*
|
||||||
|
|
||||||
|
However, for posterity, please note the verbiage on page 15 of the filing.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/m82tudwyoh571.png?width=761&format=png&auto=webp&s=5f12baa59ab8a5d08ed1517309721e03277c2b13)
|
||||||
|
|
||||||
|
🤷♀️
|
||||||
|
|
||||||
|
Sounds like that might explain those new rehypothecation accounts Goldman suddenly has... But this could also be a sign that 005 isn't everything investors have been thinking it would be.
|
||||||
|
|
||||||
|
Update: Seeing lots of wrinkle brains saying #005 could still be tit-jacking, just might be plausible deniability after their lack of enforcement may have destroyed the world economy. Basically clarifying the rules they've been ignoring, and saying "ok we will enforce them now".
|
||||||
|
|
||||||
|
⚠ Proceed to hype with caution ⚠
|
||||||
|
|
||||||
|
[There was also a closed meeting today of the Board of governors of the Federal Reserve System to discuss monetary policy issues.](https://www.federalreserve.gov/aboutthefed/boardmeetings/20210615closed.htm)
|
||||||
|
|
||||||
|
Followed by a Press conference where Vice President and Treasury Secretary mentions "we must reimagine our economy" AT THE SAME TIME 005 WAS FILED.
|
||||||
|
|
||||||
|
L.F.G.🚀🚀🚀🚀🚀
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Community Spotlight- [u/zedinstead](https://www.reddit.com/u/zedinstead/)
|
||||||
|
|
||||||
|
Superstonk Lineup
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yvx3au7nfh571.png?width=640&format=png&auto=webp&s=16bb77e46e70aa952c98dac537318978c3573fb8)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/se7ibs5qfh571.png?width=640&format=png&auto=webp&s=ef45410e9f4016e8a39d0fea81a8f183fd3b30c6)
|
||||||
|
|
||||||
|
[u/zedinstead](https://www.reddit.com/u/zedinstead/) is an ape with some unreal talent! Not only does he make cool graphics like these...
|
||||||
|
|
||||||
|
🍿🎥 HE MADE A MEME MOVIE 🍿🎥
|
||||||
|
|
||||||
|
1. [Opening Credits/Box of Crayola](https://old.reddit.com/r/Superstonk/comments/nk727h/the_forrest_gump_gme_meme_movie_opening/)
|
||||||
|
|
||||||
|
2. [Trades that just don't make no sense](https://old.reddit.com/r/Superstonk/comments/nz5m99/the_forrest_gump_gme_meme_movie_continues/)
|
||||||
|
|
||||||
|
3. [Brick and mortar stores](https://old.reddit.com/r/Superstonk/comments/niyzbo/i_was_just_showing_him_a_thing_or_two_about_brick/)
|
||||||
|
|
||||||
|
4. [GME and Me like peas and carrots](https://old.reddit.com/r/Superstonk/comments/nhafm9/gme_and_me_was_like_peas_and_carrots/)
|
||||||
|
|
||||||
|
5. [BUY like the wind blows](https://old.reddit.com/r/Superstonk/comments/ni2f24/you_wouldnt_believe_me_if_i_told_you_but_i_could/)
|
||||||
|
|
||||||
|
6. [Make me a rocket](https://old.reddit.com/r/Superstonk/comments/nwvhse/if_they_keep_delaying_moass_then_im_just_going_to/)
|
||||||
|
|
||||||
|
7. [He sure can BUY](https://old.reddit.com/r/Superstonk/comments/nx37d3/how_many_forrest_gump_memes_can_i_make_while_they/)
|
||||||
|
|
||||||
|
8. [Have you ever read the DD?](https://old.reddit.com/r/Superstonk/comments/nzab86/if_they_continue_to_delay_moass_then_i_will/)
|
||||||
|
|
||||||
|
9. [Shill Sergeant](https://old.reddit.com/r/Superstonk/comments/nhthsk/answer_every_fud_question_with_buy_and_hodl_shill/)
|
||||||
|
|
||||||
|
10. [DIAMOND HANDS](https://old.reddit.com/r/Superstonk/comments/nhzqnf/take_care_of_your_diamond_hands_and_dont_do/)
|
||||||
|
|
||||||
|
11. [Didn't quit for 4 months](https://old.reddit.com/r/Superstonk/comments/nh2af3/one_day_we_started_buying_gme_and_we_didnt_quit/)
|
||||||
|
|
||||||
|
12. [MOASS: Day 1](https://old.reddit.com/r/Superstonk/comments/njypx0/moass_day_1_just_like_that_somebody_stopped/)
|
||||||
|
|
||||||
|
13. [Twitter Posts](https://old.reddit.com/r/Superstonk/comments/niu0ik/they_said_it_was_million_dollars_a_share_but_the/)
|
||||||
|
|
||||||
|
14. [HODL Pong](https://old.reddit.com/r/Superstonk/comments/nj7vmi/for_some_reason_hodling_shares_of_gme_came_very/)
|
||||||
|
|
||||||
|
15. [8-K Filing Speech](https://old.reddit.com/r/Superstonk/comments/nwojpq/the_forrest_gump_gme_meme_movie_part_11_of_15_the/)
|
||||||
|
|
||||||
|
16. [Why are you so good to me? Cause you're my stonk](https://old.reddit.com/r/Superstonk/comments/nxo453/delay_moass_ill_just_keep_on_buying_and_adding/)
|
||||||
|
|
||||||
|
17. [Lights are on in that building](https://old.reddit.com/r/Superstonk/comments/nibq23/the_lights_are_on_and_i_think_there_is_some/)
|
||||||
|
|
||||||
|
18. [I'm not a smart man, but I know what HODL is](https://old.reddit.com/r/Superstonk/comments/nhtiaj/im_not_a_smart_man_but_i_know_what_hodl_is/)
|
||||||
|
|
||||||
|
19. [I just like the stock](https://old.reddit.com/r/Superstonk/comments/nhif1u/when_i_suffered_fud_i_read_the_dd_when_i_got/)
|
||||||
|
|
||||||
|
20. [It's the most beautiful DD I've ever seen](https://old.reddit.com/r/Superstonk/comments/nhf8mf/its_the_most_beautiful_dd_ive_ever_seen_but_is_he/)
|
||||||
|
|
||||||
|
Seriously unreal talent in this community!
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Worth Repeating- We Just Like the Stock!!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9g82ltqmlh571.png?width=480&format=png&auto=webp&s=3b461af036d5ce9c3da97a20d8a01e8764014fa6)
|
||||||
|
|
||||||
|
There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (NO).
|
||||||
|
|
||||||
|
THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3kpf14lnlh571.png?width=603&format=png&auto=webp&s=c8782761d730c8f40a8f25ef9ddffed31c3b6d9b)
|
||||||
|
|
||||||
|
Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was not made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it.
|
||||||
|
|
||||||
|
And a little refresher on the we/us debate- WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY. There is nothing wrong with that!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/gcgti8yolh571.png?width=740&format=png&auto=webp&s=8194c5c15d9225b88e5ff6a6bf603cedf7574e58)
|
||||||
|
|
||||||
|
Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION.
|
||||||
|
|
||||||
|
Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? NO. Do we have an agreed upon floor price that we all must adhere to? Umm..... :gestures broadly at literally everyone debating possible floor price:
|
||||||
|
|
||||||
|
Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? [Like 5 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole.
|
||||||
|
|
||||||
|
Well, I lied. Hedgies are doing plenty.
|
||||||
|
|
||||||
|
So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? (RIGHT?!?)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/zycjeejklh571.png?width=800&format=png&auto=webp&s=07af020341a84d13ee318088231183cfe4cb4e07)
|
||||||
|
|
||||||
|
Y'all aren't imaginary, right?
|
||||||
|
|
||||||
|
We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit. There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership.
|
||||||
|
|
||||||
|
What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? APES REMEMBER. Don't let FUD stop you from bonding with your fellow ape. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮
|
||||||
|
|
||||||
|
[](https://preview.redd.it/9zwpfqbjlh571.png?width=549&format=png&auto=webp&s=d937473562cef3861c81af1386c12c8170e2d901)
|
||||||
|
|
||||||
|
With that being said, WE HAVE NO LEADER HERE. [r/Superstonk](https://www.reddit.com/r/Superstonk/) has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. The groundskeepers in this beautiful jungle. This community was built by apes, for apes. With no one user more important than the other. APE= All People Equal ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/0pi5ys2ilh571.png?width=1000&format=png&auto=webp&s=42101742a577050aa7731ab34e0568065fd40439)
|
||||||
|
|
||||||
|
WE DON'T HAVE ONE!
|
||||||
|
|
||||||
|
Here's a few notes from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)'s Weekend Update
|
||||||
|
|
||||||
|
1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu.
|
||||||
|
|
||||||
|
2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy.
|
||||||
|
|
||||||
|
3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it.
|
||||||
|
|
||||||
|
4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub.
|
||||||
|
|
||||||
|
5. TL;DR: We like the stock. We love the company. We are apes. That's about it.
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 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/c0t0eputlh571.png?width=1600&format=png&auto=webp&s=cb919467a2cccd4901d8a139a1bc93fdd44e6030)
|
258
Jungle-Beat-Archives/2021-06-16-Jungle-Beat.md
Normal file
258
Jungle-Beat-Archives/2021-06-16-Jungle-Beat.md
Normal file
@ -0,0 +1,258 @@
|
|||||||
|
The Jungle Beat- Wednesday 06-16-2021- The Award Design Contest is Live!! 🦍🥁🚀
|
||||||
|
================================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o1eg9g/the_jungle_beat_wednesday_06162021_the_award/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/4boo3ay3ho571.png?width=1426&format=png&auto=webp&s=c3422eabf17e4950c003e2b51fd58bcfc2f0eb83)
|
||||||
|
|
||||||
|
u/pinkcatsonacid, u/bye_triangle, u/redchessqueen99
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📈
|
||||||
|
|
||||||
|
$GME Closing Price: $222.97
|
||||||
|
|
||||||
|
Open Price: $215.24
|
||||||
|
|
||||||
|
Daily High: $228.73
|
||||||
|
|
||||||
|
Daily Low: $209.00
|
||||||
|
|
||||||
|
Volume: 5.52 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) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
NEW!! We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!!
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
*Alright guys...*
|
||||||
|
|
||||||
|
The first edition of today's JBeat contained a correction that 005 was not in effect just yet, and followed up with a link to the DTCC website to confirm. Well, that info was wrong. So I have deleted the part of the post relevant to that discovery.
|
||||||
|
|
||||||
|
We are back to where we hoped we were.
|
||||||
|
|
||||||
|
#005 appears to be in effect
|
||||||
|
|
||||||
|
____________________________________________________________________________
|
||||||
|
|
||||||
|
Superstonk Community Award Contest!
|
||||||
|
|
||||||
|
text and awesome artwork by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/r096resxco571.png?width=1000&format=png&auto=webp&s=ea2bfe2f71e168c47e343024fe6c3de46cf18301)
|
||||||
|
|
||||||
|
What are Community Awards?
|
||||||
|
|
||||||
|
Regular "awards" are purchased with Coins, a mechanism of Reddit that ultimately requires real money to purchase packs of coins that can then be spent on awards for posts and comments. [r/Superstonk](https://www.reddit.com/r/Superstonk/) does not receive any money when they are purchased, but it does receive Coins when users gift Community Awards.
|
||||||
|
|
||||||
|
> Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.A portion of Coins from Community Award purchases will be deposited to the community's Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community's sidebar.
|
||||||
|
|
||||||
|
Moderators do NOT have access to the [r/Superstonk](https://www.reddit.com/r/Superstonk/) coin bank other than to give Community Awards on this sub to quality posts and comments. Moderators do NOT receive any coins personally, and only certain mods with permissions can access the coin bank for this purpose.
|
||||||
|
|
||||||
|
Community Award: Any user can gift this award for an amount of Coins (min. 500) to a post or comment. Each of these awards will also gift Coins to [r/Superstonk](https://www.reddit.com/r/Superstonk/) itself, allowing mods to give mod-exclusive awards. For example, a 500 Coin Community Award also gives the subreddit 100 Coins.
|
||||||
|
|
||||||
|
Mod-Exclusive Community Award: These awards are purchased using the Coins available only to mods from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) Coin bank, and give a certain amount of Reddit Premium to the recipient. For example, a 1800 Coin Mod-Exclusive Community Award will grant one month of Reddit Premium.
|
||||||
|
|
||||||
|
*Reddit Premium gives 700 monthly coins, access to Premium Awards, and more. Learn about it here:* [*https://www.reddit.com/premium*](https://www.reddit.com/premium)
|
||||||
|
|
||||||
|
Currently, we have two Community Awards: the Superstonk Award (500 Coins, giftable by members), and the Not-A-Cat Golden Bananya Award (1800 Coins, giftable by mods only).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/3zt0z0k7go571.png?width=1000&format=png&auto=webp&s=7996b03275f2caba2751f31de5c004427d24b2cf)
|
||||||
|
|
||||||
|
Ape Not Fight Ape, unless for top prize!
|
||||||
|
|
||||||
|
Award Contest
|
||||||
|
|
||||||
|
We ask you, [r/Superstonk](https://www.reddit.com/r/Superstonk/) members and lurkers, to use your best design skills to create award icons that we can then place into the Community Awards. You will need to think of a great name, too, but note we must keep it (mostly) family friendly. We are limiting to one design/name per submission, so make it good!
|
||||||
|
|
||||||
|
The top eight designs will be made into the following awards:
|
||||||
|
|
||||||
|
- 5th-8th: Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 4th: Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 3rd: Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 2nd: Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins)
|
||||||
|
|
||||||
|
- 1st: Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins)
|
||||||
|
|
||||||
|
Additionally, 1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards on their top posts and/or comments, 3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award, and 5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub award.
|
||||||
|
|
||||||
|
To submit, please follow the guidelines below.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ssjx6vpcgo571.png?width=1000&format=png&auto=webp&s=c54aab4ade98818d338c7095b270c6cf9d4ea7c8)
|
||||||
|
|
||||||
|
Welcome to the Jungle
|
||||||
|
|
||||||
|
Submissions must adhere to the following:
|
||||||
|
|
||||||
|
- Image file attached to email with these attributes:
|
||||||
|
|
||||||
|
- Design Image: PNG with alpha layer (or) animated GIF with alpha layer
|
||||||
|
|
||||||
|
- If a gif, we cannot guarantee it will work in our bracket system (will try)
|
||||||
|
|
||||||
|
- Must be square crop (1:1 ratio)
|
||||||
|
|
||||||
|
- Width and height should be equal, and at least 512px
|
||||||
|
|
||||||
|
- File size limited to 2MB
|
||||||
|
|
||||||
|
- Name of Award (Appropriate Titles Only; otherwise we will change it)
|
||||||
|
|
||||||
|
- Username of Artist (must have history on [r/Superstonk](https://www.reddit.com/r/Superstonk/) without Ban)
|
||||||
|
|
||||||
|
- One submission per user
|
||||||
|
|
||||||
|
- Rules must be followed; NSFW or improper designs/titles will be disqualified
|
||||||
|
|
||||||
|
- Designs must be original content, or created by submitter; no copying from Google Images or stealing others' work
|
||||||
|
|
||||||
|
- (optional) Include a hyperlink to the image as backup (i.e. Imgur)
|
||||||
|
|
||||||
|
PLEASE FOLLOW THESE 👆 REQUIREMENTS OR YOUR SUBMISSION WILL BE REJECTED.💎 Send submissions to <superstonk_mods@protonmail.com>
|
||||||
|
|
||||||
|
*We will not accept awards tagged in posts, sent by Message or Chat, or over Discord. We encourage you to* *create a separate email* *if you want to remain anonymous, but we will not release any details regarding the submissions process, other than the username provided during submission.*
|
||||||
|
|
||||||
|
💎 DEADLINE - Sunday, June 20 @ 4:00 p.m. EST or 120 total submissions received
|
||||||
|
|
||||||
|
Timezone Deadlines: 1:00 p.m. PST / 2:00 p.m. CST / 4:00 p.m. EST / 10:00 p.m. UTC / 6:00 a.m. AEST
|
||||||
|
|
||||||
|
We reserve the right to deny any images that do not meet these requirements. The contest will remain open until we receive 120 entries or until the deadline; whichever comes first. If you are late with submission, or if the contest closes due to the limit, you will sadly not be included. The early ape gets the banana!
|
||||||
|
|
||||||
|
*By submitting your design to this contest, you are agreed to allow the subreddit* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *to use it for a Community Award image, without end date, and the design will remain a part of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *in this context indefinitely. The subreddit will not claim any copyright over the designs submitted, or use them for any other purpose.*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/pmky6nbmgo571.png?width=1000&format=png&auto=webp&s=731fa3fc1adb710f72800c776be5ac87a11628cf)
|
||||||
|
|
||||||
|
TLDR: Make some awesome designs and send them in. The first 120 submissions will be included in the contest, if submitted by the deadline, and the top eight will win mod-exclusive awards (Reddit Premium) and have their designs featured as official [r/Superstonk](https://www.reddit.com/r/Superstonk/) awards.
|
||||||
|
|
||||||
|
Thank you again for participating in the contest and good luck, apes!
|
||||||
|
|
||||||
|
back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Community Spotlight- [u/Criand](https://www.reddit.com/u/Criand/)
|
||||||
|
|
||||||
|
Put on your helmets. This one is as much of a blow to your senses as the Everything Short by [u/atobitt](https://www.reddit.com/u/atobitt/)
|
||||||
|
|
||||||
|
[The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect (link).](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/)
|
||||||
|
|
||||||
|
Excellent DD just keeps getting cranked out by Criand. Kudos to you, ape and thank you for your wrinkliest of contributions as you continue to bring top-tier research to the sub. Fist bump. Knowledge is power. 💎✊
|
||||||
|
|
||||||
|
[](https://preview.redd.it/sg7sh9qsro571.jpg?width=540&format=pjpg&auto=webp&s=28129e32bfdff0323d77124ad90cc2d7cdae04a9)
|
||||||
|
|
||||||
|
Also, I'm v angy now. 🤬
|
||||||
|
|
||||||
|
________________________________________________________________________________
|
||||||
|
|
||||||
|
The Federal Open Market Committee- FOMC- Press Conference
|
||||||
|
|
||||||
|
🚀"LIFTOFF"🚀
|
||||||
|
|
||||||
|
Chairman Powell held a press conference of the FOMC today telling us all about how the Federal Reserve is totally chill and everything is totally fine and just BE COOL AND STAY CALM WE HAVE GOT THIS UNDER CONTROL
|
||||||
|
|
||||||
|
[](https://preview.redd.it/8qce8xsgmo571.jpg?width=606&format=pjpg&auto=webp&s=5df33a25f53409b6317d31cb94a9ac79d79cbd4a)
|
||||||
|
|
||||||
|
narrator voice: but it wasn't fine
|
||||||
|
|
||||||
|
[Watch the Press Conference here](https://www.youtube.com/watch?v=ZmqH8GnuJfM)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
ICYMI- Burry's Back
|
||||||
|
|
||||||
|
Dr. Michael J. Burry has re-emerged from hiding.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qd2kjgjiqo571.jpg?width=1080&format=pjpg&auto=webp&s=9de00ad58de7aeb57e57798164cbcab1130b93f2)
|
||||||
|
|
||||||
|
[Here's the link if you're interested in following him on twitter!](https://twitter.com/michaeljburry)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Company! We Support the Company!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/y3hk8zuvpo571.jpg?width=1920&format=pjpg&auto=webp&s=da19e6eda81bc8600ee2ff8ed9f6e4e8e61b731e)
|
||||||
|
|
||||||
|
Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop;
|
||||||
|
|
||||||
|
- [Shop at Gamestop.com](https://www.gamestop.com/) 🛒
|
||||||
|
|
||||||
|
- [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) ✊
|
||||||
|
|
||||||
|
- [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) 🚀
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitter](https://twitter.com/GameStop) 🦍
|
||||||
|
|
||||||
|
- [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) 🖍
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) 🎮
|
||||||
|
|
||||||
|
- [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) 🌙
|
||||||
|
|
||||||
|
- [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) 🦧
|
||||||
|
|
||||||
|
- [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) 🍌
|
||||||
|
|
||||||
|
- [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) 📈
|
||||||
|
|
||||||
|
- Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) 💎
|
||||||
|
|
||||||
|
Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers!
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 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/mz80h1o5so571.png?width=1600&format=png&auto=webp&s=b675be4fe3058f64da776ee72516c5fa724dd228)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
214
Jungle-Beat-Archives/2021-06-17-Jungle-Beat.md
Normal file
214
Jungle-Beat-Archives/2021-06-17-Jungle-Beat.md
Normal file
@ -0,0 +1,214 @@
|
|||||||
|
The Jungle Beat- Thursday 06-17-2021 Can't Stop, Won't Stop 🚀🚀🚀
|
||||||
|
==================================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o26u5t/the_jungle_beat_thursday_06172021_cant_stop_wont/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[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/jgem2a68nu571.png?width=1426&format=png&auto=webp&s=33d2e8e6888f8bcba670f9e0386edb65b6b104ba)
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📈
|
||||||
|
|
||||||
|
$GME Closing Price: $223.59
|
||||||
|
|
||||||
|
Open Price: $224.00
|
||||||
|
|
||||||
|
Daily High: $233.66
|
||||||
|
|
||||||
|
Daily Low: $221.48
|
||||||
|
|
||||||
|
Volume: 4.5 MM
|
||||||
|
|
||||||
|
_____________________________________________________________________
|
||||||
|
|
||||||
|
🖍🍎🚌GME 101🚌🍎🖍
|
||||||
|
|
||||||
|
*If you're new to Superstonk, start here!*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/40sdwgdosv571.jpg?width=810&format=pjpg&auto=webp&s=41d11ab2da32a628930c11dd818ca0917de875a7)
|
||||||
|
|
||||||
|
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) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
NEW!! We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!!
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
NYSE President- 'Meme' stock prices may not properly reflect demand
|
||||||
|
|
||||||
|
I hate the words "meme stock" but that's the headline
|
||||||
|
|
||||||
|
[Link to the Reuters article](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/yfd129fqzu571.png?width=800&format=png&auto=webp&s=93106d4e6324812d1879dcb726e75ca7af7f7294)
|
||||||
|
|
||||||
|
> Retail brokers say payment for order flow lowers overall costs for individual traders.
|
||||||
|
>
|
||||||
|
> But the practice raises conflict of interest questions and will be included in a [broad review of stock market rules](https://www.reuters.com/legal/litigation/us-sec-chair-gensler-staff-recommend-rules-ensure-fair-competition-between-2021-06-09/), Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.
|
||||||
|
>
|
||||||
|
> The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.
|
||||||
|
|
||||||
|
I wOnDeR iF iT's DiStOrTeD....
|
||||||
|
|
||||||
|
[This post by](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) [OP](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) [u/delicious_manboobs](https://www.reddit.com/user/delicious_manboobs/) [explains why it's kinda' a big deal that the head of NYSE said such a thing. o7 to you, delicious manboobs](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) 🙌.
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
$GME is Primed to Join the Russell 1000
|
||||||
|
|
||||||
|
So what is the Russell 1000 and why is this a huge deal for the future of GME?
|
||||||
|
|
||||||
|
[From investopedia:](https://www.investopedia.com/terms/r/russell_1000index.asp)
|
||||||
|
|
||||||
|
KEY TAKEAWAYS
|
||||||
|
|
||||||
|
- The Russell 1000 Index represents the top 1000 companies by market capitalization in the United States.
|
||||||
|
|
||||||
|
- The index is a subset of the Russell 3000 Index.
|
||||||
|
|
||||||
|
- The Russell 1000 index comprises about 92% of the total market cap of all listed stocks in the U.S. equity market.
|
||||||
|
|
||||||
|
- It is considered a bellwether index for large-cap investing.
|
||||||
|
|
||||||
|
- Performance and characteristics of the index are provided monthly by FTSE Russell.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/ykth1xsqvv571.jpg?width=940&format=pjpg&auto=webp&s=b74f4fa51caca9db1803d0dcf61771b89ca47482)
|
||||||
|
|
||||||
|
The official announcements will be made on June 28th. Until then, it's technically speculative based on qualifications. [But major news sources are reporting it already.](https://www.barrons.com/articles/gamestop-amc-russell-1000-51623883459)
|
||||||
|
|
||||||
|
Next stop, S&P 500
|
||||||
|
|
||||||
|
To be eligible for S&P 500 index inclusion, a company should be a U.S. company✅ , have a market capitalization of at least USD 11.8 billion ✅, be highly liquid✅✅ , have a public float of at least 10% of its shares outstanding✅ , and its most recent quarter's earnings and the sum of its trailing four consecutive quarters' earnings must be positive 👀
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
RRP Hits Record High at $755.8 Billion
|
||||||
|
|
||||||
|
*That's $200 Billion growth in 24 hours.*
|
||||||
|
|
||||||
|
So we broke the previous record by $200B. Overnight. Yay, winning!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/d8g8efwxgv571.png?width=693&format=png&auto=webp&s=1af45fc697ad56370847af35a8a012806114432d)
|
||||||
|
|
||||||
|
Credit u/pctracer
|
||||||
|
|
||||||
|
And a table of historical (recent) rrp data for you....
|
||||||
|
|
||||||
|
[](https://preview.redd.it/vrrn9fj9iv571.jpg?width=971&format=pjpg&auto=webp&s=21e0c5e6093bb6fd00f823cda4384b6b06c5ee79)
|
||||||
|
|
||||||
|
Table of historical RRP by u/LeftHandedWave
|
||||||
|
|
||||||
|
Also... "Liftoff"- JPow Makin it go Brrr Again (banks r fuk)
|
||||||
|
|
||||||
|
We covered it yesterday, but I've seen lots of conversation around yesterday's Fed press conference. And yes, JPow really said "Liftoff". Tbf, he's talking about inflation, I believe.
|
||||||
|
|
||||||
|
[Around the 23m mark is when he says "liftoff"](https://www.youtube.com/watch?v=fJ0EQHxPZd8)
|
||||||
|
|
||||||
|
[This ape did a partial transcript of the Q&A portion of the Press Conference!](https://www.reddit.com/r/Superstonk/comments/o1do4y/transcript_of_jpow_press_conference_16_june_2021/?utm_source=share&utm_medium=web2x&context=3)
|
||||||
|
|
||||||
|
*So what does all this mean?*
|
||||||
|
|
||||||
|
...I NEED AN ADULT!
|
||||||
|
|
||||||
|
Basically, the Fed decided to increase the interest paid on their ~~junk~~ Treasury Bonds from 0% to 0.05%. So it's more profitable for big banks to park their overflowing cash with the Fed. *Basically, the banks have too much cash so the Fed is giving them more cash- taps brain.*
|
||||||
|
|
||||||
|
The idea here is that taking some of this money out of circulation of the banks will serve to DEFLATE some of the INFLATION concerns. We shall see. 🤷♀️
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
TL;DR: Regulations Edition [Updated 2021-06-17 to include SR-NYSEAMER-2021-29]- [u/stevetheimpact](https://www.reddit.com/u/stevetheimpact/)
|
||||||
|
|
||||||
|
[Link to OP](https://www.reddit.com/r/Superstonk/comments/o1vquv/tldr_regulations_edition_updated_20210617_to/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/iiv8vkctav571.png?width=960&format=png&auto=webp&s=064481989a64a4b5e48c83212dbc72720fa29d1d)
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
And on that note... we printed a correction yesterday regarding 005, saying that we were wrong, and 005 is not in effect yet.
|
||||||
|
|
||||||
|
That was bad information and it was like we originally thought... 005 is in effect, immediately upon filing.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/q0wsj6z5uv571.jpg?width=638&format=pjpg&auto=webp&s=51983497d466fe5ea4d3c1155abc7b090657e332)
|
||||||
|
|
||||||
|
found, filed, and effective!!
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Company! We Support the Company!
|
||||||
|
|
||||||
|
[](https://preview.redd.it/lgvc8d3ivv571.jpg?width=1080&format=pjpg&auto=webp&s=a81f6550fda62c37cecc4b8f0bd5f94b3b4d604c)
|
||||||
|
|
||||||
|
Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop;
|
||||||
|
|
||||||
|
- [Shop at Gamestop.com](https://www.gamestop.com/) 🛒
|
||||||
|
|
||||||
|
- [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) ✊
|
||||||
|
|
||||||
|
- [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) 🚀
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitter](https://twitter.com/GameStop) 🦍
|
||||||
|
|
||||||
|
- [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) 🖍
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) 🎮
|
||||||
|
|
||||||
|
- [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) 🌙
|
||||||
|
|
||||||
|
- [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) 🦧
|
||||||
|
|
||||||
|
- [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) 🍌
|
||||||
|
|
||||||
|
- [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) 📈
|
||||||
|
|
||||||
|
- Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) 💎
|
||||||
|
|
||||||
|
Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers!
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 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/hr68oim9su571.png?width=1600&format=png&auto=webp&s=19627d55c597ba245ee071cfecd3da2fb3a92195)
|
||||||
|
|
||||||
|
🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
|
252
Jungle-Beat-Archives/2021-06-18-Jungle-Beat.md
Normal file
252
Jungle-Beat-Archives/2021-06-18-Jungle-Beat.md
Normal file
@ -0,0 +1,252 @@
|
|||||||
|
The Jungle Beat- Friday 06-18-2021 FLAIR FRIDAY 🦍🌴🥁🔥🚀🚀
|
||||||
|
============================================================
|
||||||
|
|
||||||
|
| Author | Source |
|
||||||
|
| :-------------: |:-------------:|
|
||||||
|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o2zae3/the_jungle_beat_friday_06182021_flair_friday/) |
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qloptvd5t2671.png?width=1426&format=png&auto=webp&s=454fe0f79999069749c516ed8717e94e1866642e)
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||||
|
|
||||||
|
__________________________________________________________________
|
||||||
|
|
||||||
|
Today's Recap 📈
|
||||||
|
|
||||||
|
$GME Closing Price: $213.82
|
||||||
|
|
||||||
|
Open Price: $220.18
|
||||||
|
|
||||||
|
Daily High: $223.49
|
||||||
|
|
||||||
|
Daily Low: $213.00
|
||||||
|
|
||||||
|
Volume: 4.28 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) (Updates coming soon)
|
||||||
|
|
||||||
|
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||||
|
|
||||||
|
NEW!! We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!!
|
||||||
|
|
||||||
|
The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Superstonk Community Award Contest!- Deadline Sunday!
|
||||||
|
|
||||||
|
text and awesome artwork by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/n0hga459t2671.png?width=1000&format=png&auto=webp&s=9b7e95759f9e931cb541e65e84aefe9426a10811)
|
||||||
|
|
||||||
|
What are Community Awards?
|
||||||
|
|
||||||
|
Regular "awards" are purchased with Coins, a mechanism of Reddit that ultimately requires real money to purchase packs of coins that can then be spent on awards for posts and comments. [r/Superstonk](https://www.reddit.com/r/Superstonk/) does not receive any money when they are purchased, but it does receive Coins when users gift Community Awards.
|
||||||
|
|
||||||
|
> Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.A portion of Coins from Community Award purchases will be deposited to the community's Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community's sidebar.
|
||||||
|
|
||||||
|
Moderators do NOT have access to the [r/Superstonk](https://www.reddit.com/r/Superstonk/) coin bank other than to give Community Awards on this sub to quality posts and comments. Moderators do NOT receive any coins personally, and only certain mods with permissions can access the coin bank for this purpose.
|
||||||
|
|
||||||
|
Community Award: Any user can gift this award for an amount of Coins (min. 500) to a post or comment. Each of these awards will also gift Coins to [r/Superstonk](https://www.reddit.com/r/Superstonk/) itself, allowing mods to give mod-exclusive awards. For example, a 500 Coin Community Award also gives the subreddit 100 Coins.
|
||||||
|
|
||||||
|
Mod-Exclusive Community Award: These awards are purchased using the Coins available only to mods from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) Coin bank, and give a certain amount of Reddit Premium to the recipient. For example, a 1800 Coin Mod-Exclusive Community Award will grant one month of Reddit Premium.
|
||||||
|
|
||||||
|
*Reddit Premium gives 700 monthly coins, access to Premium Awards, and more. Learn about it here:* [*https://www.reddit.com/premium*](https://www.reddit.com/premium)
|
||||||
|
|
||||||
|
Currently, we have two Community Awards: the Superstonk Award (500 Coins, giftable by members), and the Not-A-Cat Golden Bananya Award (1800 Coins, giftable by mods only).
|
||||||
|
|
||||||
|
[](https://preview.redd.it/qu1bovcbt2671.png?width=1000&format=png&auto=webp&s=90e30b0607a2d5dc049ec2783446ef5ca5f92743)
|
||||||
|
|
||||||
|
Ape Not Fight Ape, unless for top prize!
|
||||||
|
|
||||||
|
Award Contest
|
||||||
|
|
||||||
|
We ask you, [r/Superstonk](https://www.reddit.com/r/Superstonk/) members and lurkers, to use your best design skills to create award icons that we can then place into the Community Awards. You will need to think of a great name, too, but note we must keep it (mostly) family friendly. We are limiting to one design/name per submission, so make it good!
|
||||||
|
|
||||||
|
The top eight designs will be made into the following awards:
|
||||||
|
|
||||||
|
- 5th-8th: Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 4th: Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 3rd: Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
|
||||||
|
|
||||||
|
- 2nd: Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins)
|
||||||
|
|
||||||
|
- 1st: Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins)
|
||||||
|
|
||||||
|
Additionally, 1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards on their top posts and/or comments, 3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award, and 5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub award.
|
||||||
|
|
||||||
|
To submit, please follow the guidelines below.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/cuqvmaset2671.png?width=1000&format=png&auto=webp&s=9bd18819a16ccebcd1e0b23d3e98bf60a96bf8f9)
|
||||||
|
|
||||||
|
Welcome to the Jungle
|
||||||
|
|
||||||
|
Submissions must adhere to the following:
|
||||||
|
|
||||||
|
- Image file attached to email with these attributes:
|
||||||
|
|
||||||
|
- Design Image: PNG with alpha layer (or) animated GIF with alpha layer
|
||||||
|
|
||||||
|
- If a gif, we cannot guarantee it will work in our bracket system (will try)
|
||||||
|
|
||||||
|
- Must be square crop (1:1 ratio)
|
||||||
|
|
||||||
|
- Width and height should be equal, and at least 512px
|
||||||
|
|
||||||
|
- File size limited to 2MB
|
||||||
|
|
||||||
|
- Name of Award (Appropriate Titles Only; otherwise we will change it)
|
||||||
|
|
||||||
|
- Username of Artist (must have history on [r/Superstonk](https://www.reddit.com/r/Superstonk/) without Ban)
|
||||||
|
|
||||||
|
- One submission per user
|
||||||
|
|
||||||
|
- Rules must be followed; NSFW or improper designs/titles will be disqualified
|
||||||
|
|
||||||
|
- Designs must be original content, or created by submitter; no copying from Google Images or stealing others' work
|
||||||
|
|
||||||
|
- (optional) Include a hyperlink to the image as backup (i.e. Imgur)
|
||||||
|
|
||||||
|
PLEASE FOLLOW THESE 👆 REQUIREMENTS OR YOUR SUBMISSION WILL BE REJECTED.💎 Send submissions to <superstonk_mods@protonmail.com>
|
||||||
|
|
||||||
|
*We will not accept awards tagged in posts, sent by Message or Chat, or over Discord. We encourage you to* *create a separate email* *if you want to remain anonymous, but we will not release any details regarding the submissions process, other than the username provided during submission.*
|
||||||
|
|
||||||
|
💎 DEADLINE - Sunday, June 20 @ 4:00 p.m. EST or 120 total submissions received
|
||||||
|
|
||||||
|
Timezone Deadlines: 1:00 p.m. PST / 2:00 p.m. CST / 4:00 p.m. EST / 10:00 p.m. UTC / 6:00 a.m. AEST
|
||||||
|
|
||||||
|
We reserve the right to deny any images that do not meet these requirements. The contest will remain open until we receive 120 entries or until the deadline; whichever comes first. If you are late with submission, or if the contest closes due to the limit, you will sadly not be included. The early ape gets the banana!
|
||||||
|
|
||||||
|
*By submitting your design to this contest, you are agreed to allow the subreddit* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *to use it for a Community Award image, without end date, and the design will remain a part of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *in this context indefinitely. The subreddit will not claim any copyright over the designs submitted, or use them for any other purpose.*
|
||||||
|
|
||||||
|
[](https://preview.redd.it/r2f6tiuit2671.png?width=1000&format=png&auto=webp&s=a28682a618bff44ab6e01914ec3e291b4cda5459)
|
||||||
|
|
||||||
|
TLDR: Make some awesome designs and send them in. The first 120 submissions will be included in the contest, if submitted by the deadline, and the top eight will win mod-exclusive awards (Reddit Premium) and have their designs featured as official [r/Superstonk](https://www.reddit.com/r/Superstonk/) awards.Thank you again for participating in the contest and good luck, apes!
|
||||||
|
|
||||||
|
back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
Community Spotlight- DD Reads for the Weekend
|
||||||
|
|
||||||
|
- [The naked shorting scam in numbers part deux: Up to date FTD, ETF, SI, Options & Dark Pool Data. GME is the shorted to shit unicorn that can never happen again.](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/) By [u/Broccaaa](https://www.reddit.com/u/Broccaaa/)
|
||||||
|
|
||||||
|
- [The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/?utm_source=share&utm_medium=web2x&context=3) By [u/Criand](https://www.reddit.com/u/Criand/)
|
||||||
|
|
||||||
|
- [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/) By [u/Squashua1982](https://www.reddit.com/user/Squashua1982/)
|
||||||
|
|
||||||
|
- [What's the Deal with Reverse Repos anyway? DD Part 1.2 Post Fed Meeting Update](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) By [u/memebetch6969](https://www.reddit.com/user/memebetch6969/)
|
||||||
|
|
||||||
|
- [Watch the Documentary Inside Job](https://youtu.be/XBZfsb7OO_k) (link is to trailer.. I don't want to spam any pirate links. Apes will find a way!)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
RRPs Breaking Records, Banks Going Long on $ROPE, the Feds Printing Money and Kicking Cans... Quad Witching Day (triggered)
|
||||||
|
|
||||||
|
[](https://preview.redd.it/r54sb1mkv2671.jpg?width=770&format=pjpg&auto=webp&s=c4fe9adf8f8e30afed6e6663cd4133a0e14cd870)
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
It's Flair Friday, but Everyday is Kinda Flair Friday...
|
||||||
|
|
||||||
|
I started doing the Flair Friday thing with the daily posts back when I was filling in for the morning update and it was a fun way to connect with you guys since I don't get to hang out in the comments of my memes with you any more. It has grown to now becoming one of the most popular aspects of the Jungle Beat posts, which I love! I really enjoy coming up with mayonnaise-laden puns and emoji scrambles for each one of you, though I don't think I've ever gotten to the end of the comments list, even when I lock them. I do try to work on them in spare time but what is spare time anymore....
|
||||||
|
|
||||||
|
Please don't be discouraged or think I'm ignoring you if you have repeatedly asked and yet to receive your flair! I have been getting flair comments every day this week which I don't mind, as long as you all understand that I will get to as many as I can!! I love you all and don't want anyone to feel left out or overlooked! I WILL GET TO YOU I PROMISE, EACH ONE OF YOU IS AWESOME AND DESERVES A CUSTOM FLAIR!! 💖💖💖
|
||||||
|
|
||||||
|
Drop a comment with your desired flair!
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
A note from your friendly local Pink Cat ✌💖🐈
|
||||||
|
|
||||||
|
It's been a wild few weeks.. or, months.. (years? What decade is it?) This has been a crazy journey and I want to take a minute to check in with the group. Everybody has been go-go-going.
|
||||||
|
|
||||||
|
The media is everywhere (MSM for those wondering wtf that acronym means- Main Stream Media) and it seems that they are trying to paint a picture of collusion on the $GME stock and others (which they deem "meme" stocks which at this point is borderline weaponized against us but I digress) and I know there is a general air of concern around the entire community. I'm just reassuring you guys. This gal right here and the whole mod team, are making sure to keep the sub a very tightly run ship. No fuck-ups allowed. The hedgies and their bought MSM platforms are trying, desperately, to gain access to the fortress of our City of Athens, and the walls remain steadfast. This will not change for the foreseeable future.
|
||||||
|
|
||||||
|
I want everyone to seriously take a mental health break from all this whenever you can.
|
||||||
|
|
||||||
|
[](https://preview.redd.it/556n4iyf23671.jpg?width=250&format=pjpg&auto=webp&s=dae16d0caf1068f5f8447c1c2b35e4d0cc37b196)
|
||||||
|
|
||||||
|
me @ me rn
|
||||||
|
|
||||||
|
Drink plenty of water. Go for a walk. Go call an old friend, or your mom. Kiss your kids forehead and read them a book. Cook dinner with your spouse, meet up with online friends for a game, go for a drive.... just get your headspace out of Superstonk every once in a while and remember to take care of yourself physically and mentally. They don't call it a Long position for nothing ;)
|
||||||
|
|
||||||
|
I want to thank all of you apes for continuing to be awesome and excellent to each other and growing this community into the beautiful space it is today. You all deserve this seat here. I'm honored to be on this rocket ship with you all. 💖
|
||||||
|
|
||||||
|
_______________________________________________________________________________
|
||||||
|
|
||||||
|
We Like the Company! We Support the Company!
|
||||||
|
|
||||||
|
Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop;
|
||||||
|
|
||||||
|
- [Shop at Gamestop.com](https://www.gamestop.com/) 🛒
|
||||||
|
|
||||||
|
- [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) ✊
|
||||||
|
|
||||||
|
- [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) 🚀
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitter](https://twitter.com/GameStop) 🦍
|
||||||
|
|
||||||
|
- [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) 🖍
|
||||||
|
|
||||||
|
- [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) 🎮
|
||||||
|
|
||||||
|
- [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) 🌙
|
||||||
|
|
||||||
|
- [Follow Gamestop on LinkedIn](https://www.linkedin.com/company/gamestop) 💼
|
||||||
|
|
||||||
|
- [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) 🦧
|
||||||
|
|
||||||
|
- [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) 🍌
|
||||||
|
|
||||||
|
- [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) 📈
|
||||||
|
|
||||||
|
- Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) 💎
|
||||||
|
|
||||||
|
Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers!
|
||||||
|
|
||||||
|
______________________________________________________________________________
|
||||||
|
|
||||||
|
🚨 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/o965ziqj13671.png?width=1600&format=png&auto=webp&s=e02d29f133802a4f7d15a814b2e8f400ddafee19)
|
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/)
|
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Reference in New Issue
Block a user