Moving Reverse Repo Operations to Daily News directory

00-Getting-Started/2021-05-26-Mother-of-All-Short-Squeezes-Thesis.md

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+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)
+
+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.
+
+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.
+
+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.
+
+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
+
+> 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)
+
+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:
+
+-   Antagonizing Market Adversaries, MSM Shills, etc.
+-   Meme-ing with SuperStonk and the other Apes in the community
+-   Getting Notifications for Future DD I post
+
+Disclaimer
+
+> 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.
+
+IV. TL;DR (Also at Bottom)
+==========================
+
+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)
+
+V. KEY CONCEPTS
+===============
+
+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.
+
+Table of Contents for Key Concepts
+
+1.  Stocks Concepts
+    1.  Share/Stock
+    2.  Synthetic Shares
+    3.  Outstanding Shares
+    4.  Restricted Shares
+    5.  The Float
+    6.  Annual General Meeting
+    7.  Shareholder Votes
+2.  Trade Positions
+    1.  Long Position - Buying/Selling Stock
+    2.  Short Position - Shorting/Covering Stock
+    3.  Naked Short Position - Naked Shorting/Covering Stock
+3.  Market Participants
+    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).

00-Getting-Started/Basic-Education/2021-05-21-Cost-Basis-and-Trade-Price-Issues.md

@@ -0,0 +1,34 @@
+Cost basis and trade price issues
+=================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/) | 
+
+---
+
+[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 everyone,
+
+There have been a lot of posts recently on these two subjects - crazy cost basis reports when transferring out of Robinhood, and some anecdotal reports (or maybe just a single report?) about some fractional share executions outside of the NBBO. I've made some comments on those threads but I thought it might be helpful to put everything together in one place.
+
+First, I don't mean to throw cold water on these theories all the time, or to constantly be talking about technical glitches. But I have seen how many of these systems work, and it's also common sense to think about incentives - firms invest in technology that makes them money (like trading), and they don't invest in technology for cost centers (like record keeping and compliance). Front office trading systems are sophisticated and high-performance. Back office record keeping systems are often ancient, and always under-invested in. This is especially true when regulatory fines are little more than a cost of doing business / slap on the wrist.
+
+If you want to see this in action, just go to [FINRA BrokerCheck](https://brokercheck.finra.org/) and search for a broker. As I explained in another comment: " Lookup a broker and start looking at their violations (I've done this systematically in the past when evaluating broker dark pool enforcement action risk for institutional asset managers). It's a constant stream of OATS violations (the Order Audit Trail System is a record of all orders and trades that a broker reports to FINRA, being replaced by the CAT), order marking violations, failure to produce trade records, mistakes with order flag records, etc. A constant stream of technology problems. I even [presented](https://www.sec.gov/comments/4-652/4652-32.pdf) to the SEC on this after the Knight Capital incident 9 years ago." This is not meant, in any way, to excuse the behavior. Record keeping mistakes should honestly be criminal - without accurate records, regulators can't do their jobs. So under-investment in compliance and record keeping systems makes sense in both ways for these firms - the fines are paltry, and if they're trying to avoid detection, shitty record quality is a feature, not a bug.
+
+Now, all of that being said - for those of you who have gotten these insane cost bases when transferring out of Robinhood - [file a whistleblower complaint](https://www.sec.gov/whistleblower). Seriously, this is your best course of action. If there is, in fact, a systematic problem with Robinhood back office systems, and the SEC goes in and fines them, you could get a cut of that. You might think it's just GME, but it's very likely that it affects other stocks too. And keep good records of your trades for filing taxes so that these mistakes by RH don't affect you.
+
+Next, on the topic - I have no idea why you're seeing insane fractional share cost bases when transferring, especially when you didn't buy fractional shares. I have no good explanation for it. My assumption is that it's a result of under-investment in back office technology. I can't possibly see how it is a reflection of any actual trading though. Keep in mind that these are tax records - they are not trade reports. There's a big difference. And even though these records appear to be all messed up, it doesn't really mean that any trades were executed at that price. For those of you who did transact in fractional shares, you have to also know that there is very little regulation around fractional shares. Fractions are not reported to the tape/market, and while firms are under a best execution obligation, that obligation is hardly enforced at all. So most of the rules I talk about are kind of thrown out the door when dealing with fractional shares, because they are not really considered within the current regulatory structure. I would also caution that any fractional shares traded outside of regular trading hours (9:30am ET - 4pm ET) can likely trade at any price, and I would never execute a trade like that.
+
+Ok, finally let's talk about the NBBO and tradethroughs. As I've explained before, the National Best Bid and Offer is the best price in the market, and is protected during regular trading hours. This means that brokers, off-exchange trading systems, and exchanges have safeguards in place to ensure that trades are not executed outside the NBBO. This system is not perfect. A while back there was an effort to have more disclosure for retail brokers and internalizers by the FIF. That has mostly stopped since the new Rule 606 was passed, but I found that Fidelity is [still disclosing](https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/FIF-FBS-retail-execution-quality-stats.pdf) these extra stats. You can see that for most orders, 98% - 99% of the shares get executed at or better than the NBBO:
+
+[![r/Superstonk - Cost basis and trade price issues](https://preview.redd.it/dxc1kgm6eh071.png?width=744&format=png&auto=webp&s=ec0406b878fc475b756bc9328618b6c9f8142940)](https://preview.redd.it/dxc1kgm6eh071.png?width=744&format=png&auto=webp&s=ec0406b878fc475b756bc9328618b6c9f8142940)
+
+Why isn't it 100%? Generally speaking, it's because there aren't enough shares available at that price. If there's only 100 shares on the best offer, and you want to buy 200 shares, you're not guaranteed to get them all executed at the offer (although wholesalers like Citadel talk a lot about size improvement along with price improvement, but that's an entirely different conversation about how they goose and manipulate those metrics). Citadel stopped providing these reports in 2019, but you can see that back then [theirs looked similar](https://s3.amazonaws.com/citadel-wordpress-prd101/wp-content/uploads/sites/2/2016/09/09175131/FIF-Rule-605-606-WG-CitadelSecurities_Retail-Execution-Quality-Stats_Q1_2019.pdf).
+
+Now, I cannot speak to anecdotes - I can only deal with data. I know there are claims about some crazy execution prices out there. I can assure you that these are not systematic issues, but it's always possible that there are crazy trades. That's why FINRA and the exchanges have [Clearly Erroneous rules](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11892). This rule would not exist if it wasn't needed, and when I traded we had to invoke it at times. Sometimes crazy trades happen. When they do, alerts go off, and you get them busted. Remember that for every trade there's someone on the other side of it, and if you got to sell some GME at $2600, that means someone is on the hook to pay that. That person would be incentivized to have that trade busted, and has recourse to do so.
+
+Ok, finally some have questioned why I generally assume Hanlon's Razor - don't ascribe to malice that which can be explained by incompetence. I'm not as quick to accuse anyone of criminality as others. I'm comfortable with that. I'm a scientist, and I need to see data. When I see it, and it's convincing, then I'm comfortable making serious accusations. If that's naive, I'm ok with that. It doesn't make me fight any less to improve markets, and to improve transparency and access to data, so that we can have informed conversations and debates. And as you'll see in an article I have coming out soon, it doesn't make me hesitant to fight Big Tech when there's a serious fight to be had (you have to keep in mind that most of my day job is focused on tech and AI these days). But it does drive me to wait on convincing data before making such accusations. That's my style, and it's not for everyone.
+
+I hope this is helpful. I'll keep trying to answer questions when I can. Market structure is extremely complex, and even when trying to explain it, it's tough to distill it into something understandable when you haven't been immersed in it.

00-Getting-Started/Basic-Education/2021-05-21-Margin-Calls-vs-Forced-Liquidation.md

@@ -0,0 +1,82 @@
+MARGIN CALL VS. FORCED LIQUIDATION
+==================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dwellerofthecrags](https://www.reddit.com/user/Dwellerofthecrags/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ni0xmw/margin_call_vs_forced_liquidation/) | 
+
+---
+
+[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)
+
+Over the past several weeks I've noticed several posts or comments that lead me to believe there may be a bit of a misunderstanding about what a MARGIN CALL is. Because I love all of my fellow HODLers, I am not going to single out any of the posts or comments.
+
+[![r/Superstonk - MARGIN CALL VS. FORCED LIQUIDATION](https://preview.redd.it/x6wbwddgzi071.jpg?width=800&format=pjpg&auto=webp&s=b65d44ff3b998ee4f2dcd65212a83312771ac210)](https://preview.redd.it/x6wbwddgzi071.jpg?width=800&format=pjpg&auto=webp&s=b65d44ff3b998ee4f2dcd65212a83312771ac210)
+
+https://pbs.twimg.com/media/ERNu7C-W4AAleb4.jpg
+
+I know that I, like many of you, have added a bunch a wrinkles since January thanks to many of the brilliant Apes writing DD and the Silverbacks coming and doing AMAs and I'm hoping that you, like me, never get tired of adding more. Since there seems to be a little bit of a misunderstanding about what a margin call actually is, I thought it would be good to provide some clarification and add a few more wrinkles to all of our smooth brains.
+
+Also, if you're looking for a way to pass the time while waiting for the MOASS, I suggest reading through <https://www.investopedia.com/>. There's seriously a ton of ELIA information about investing and the market. This is of course after you catch-up on any of the [AMAs](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA), [Dr. T's book](https://www.amazon.com/Naked-Short-Greedy-Streets-Failure-ebook/dp/B08XXXRH7T/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=), and the essential market related movies (MARGIN CALL, The Big Short, The Wall Street Conspiracy, Boiler Room, Wolf of Wall Street, etc.)
+
+Now for what you came here for:
+
+What is a margin call?
+
+Generic definition: ["A margin call is a request for additional collateral when a trader's position or investment drops in value."](https://qz.com/1991073/how-many-funds-are-a-margin-call-away-from-failing-like-archegos/)
+
+This is more of a description of how it works between a retail investor and broker but the principle is the same:
+
+["A margin call occurs when the value of a margin account falls below the account's maintenance margin requirement. It is a demand by a brokerage firm (lender/Bank) to bring the margin account's balance up to the minimum maintenance margin requirement. To satisfy a margin call, the investor (Borrower/Hedge Fund/Institution) of the margin account must either deposit additional funds, deposit unmargined securities, or sell (close) current positions."](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/margin-call/)
+
+More in depth description about what a margin call is here: <https://www.investopedia.com/terms/m/margincall.asp>
+
+TL;DR: A margin call is the notice that a borrower's collateral has become inadequate for their current investment position. They must either deposit more collateral or close a portion of their "at risk" positions. It is not a forced closeout. A forced closeout is what happens if the borrower is unable to satisfy the margin call. As long as a borrower is continually able to satisfy the requirements of the margin call(s), they are able to keep their position.
+
+> *SPECULATION: This explains why we are seeing so many "Pump & Dumps" of securities that Citadel & Friends have positions in. They're printing money off of these other SCAMS in order to satisfy the margin requirements for the positions they currently hold while they string them out to try to slowly unwind them over time.*
+
+DO NOT DAY TRADE GME! DO NOT FALL FOR ANY OF THESE OTHER PUMPED SECURITIES/CRYPTO! DON'T FEED THE BEARS, THEY'LL EAT YOU!
+
+[![r/Superstonk - MARGIN CALL VS. FORCED LIQUIDATION](https://preview.redd.it/msscs7u5ij071.jpg?width=960&format=pjpg&auto=webp&s=0b0bc230858c6cce5120bc04910073938c0d0528)](https://preview.redd.it/msscs7u5ij071.jpg?width=960&format=pjpg&auto=webp&s=0b0bc230858c6cce5120bc04910073938c0d0528)
+
+https://i.redd.it/9llkyh6lvo141.jpg
+
+[What is Forced Liquidation?](https://www.investopedia.com/terms/f/forcedliquidation.asp)
+
+Basic Definition:
+
+"Forced selling or forced liquidation usually entails the involuntary sale of assets or securities to create liquidity in the event of an uncontrollable or unforeseen situation."
+
+"Within the investing world, if a margin call is issued and the investor is unable to bring their investment up to the minimum requirements, the broker has the right to sell off the positions."
+
+THIS IS THE SPECIFIC TYPE OF LIQUIDATION WE ARE WAITING FOR:
+
+"The opposite of forced selling in a margin account is a forced buy-in. This occurs in a short seller's account when the original lender of the shares recalls them or when the broker is no longer able to borrow shares for the shorted position. When a forced buy-in is triggered, shares are bought back to close the short position. The account holder might not be given notice prior to the act."
+
+[![r/Superstonk - MARGIN CALL VS. FORCED LIQUIDATION](https://preview.redd.it/k7xbxtn60j071.jpg?width=500&format=pjpg&auto=webp&s=39079ad5c8e5f5054c711212c0045fa5ba28b747)](https://preview.redd.it/k7xbxtn60j071.jpg?width=500&format=pjpg&auto=webp&s=39079ad5c8e5f5054c711212c0045fa5ba28b747)
+
+https://news.ewingirrigation.com/wp-content/uploads/2015/07/MISC-Ice-Melting1.jpg
+
+TL;DR: Margin Calls are merely steps towards what we really want...a forced buy-in! As long as the shorts continue to meet margin requirements, they will be able to continue to kick the can down the road. A price spike that pushes them beyond their ability to meet the margin requirements, a massive depreciation of their other positions, or regulatory action is needed to trigger the forced selling.
+
+This is the way to MOASS:
+
+1.  BUY & HODL GME
+
+2.  STOP BUYING OTHER GIMICKS/DAY-TRADING/ETC. (Don't feed the bears)
+
+3.  WAIT PATIENTLY FOR FORCED BUY-IN, MARGIN CALLS ARE JUST STEPS TOWARDS THAT END. WHEN SHORTS CAN NO LONGER MEET THE CALL...
+
+🚀🚀 🚀🚀 🚀🚀 🚀🚀
+
+*Let me know if I missed anything...*
+
+Edit: added #DontFeedTheBears
+
+Edit 2: [u/InvincibearREAL](https://www.reddit.com/u/InvincibearREAL/) pointed out that I forgot to include the most obvious movie to be watched (especially considering the post topic): Margin Call ... so I added it to the list
+
+Edit 3: The best TL;DR in ape language courtesy of [u/cryptocached](https://www.reddit.com/u/cryptocached/)
+
+"Margin call is a shart. It stinks and can be a little messy, but it's really just a warning. If you don't heed that warning and take care of your business in a timely fashion, you'll shit your pants in a forced liquidation."
+
+Edit 4: Created [visual TL;DR Post](https://www.reddit.com/r/Superstonk/comments/ni9oc1/margin_call_vs_forced_liquidation_in_ape_ape/)

00-Getting-Started/Explain-with-Crayons-series-by-AaronJamesArq/2021-05-24-What-is-Naked-Shorting.md

@@ -0,0 +1,30 @@
+Explain w/ Crayons Series: What is Naked Shorting? Indicators GME is Being Naked Short
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AaronJamesArq](https://www.reddit.com/user/AaronJamesArq/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nk40b6/explain_w_crayons_series_what_is_naked_shorting/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+![image](https://user-images.githubusercontent.com/82035192/123514720-579d5580-d662-11eb-82f1-8f6094375a05.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514724-5cfaa000-d662-11eb-8a3c-f3995878af2b.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514728-608e2700-d662-11eb-9fd5-5583011f712a.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514738-63891780-d662-11eb-8996-4472d50c5a94.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514741-66840800-d662-11eb-889d-1c7c34f5b977.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514746-6a178f00-d662-11eb-93fc-8d839161dc8b.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514749-6d127f80-d662-11eb-96c4-35cabf514d4e.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514751-6f74d980-d662-11eb-8ace-953e43984450.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514753-726fca00-d662-11eb-8ad7-236cdd510d0e.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514757-74d22400-d662-11eb-9a24-847fae400cc2.png)

00-Getting-Started/Explain-with-Crayons-series-by-AaronJamesArq/2021-05-25-Fundamentals-of-GME.md

@@ -0,0 +1,31 @@
+🖍 Explain w/ Crayons Series: Fundamentals of $GME! Why $GME Should Be Trading Higher
+=====================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AaronJamesArq](https://www.reddit.com/user/AaronJamesArq/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkouqs/explain_w_crayons_series_fundamentals_of_gme_why/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+![image](https://user-images.githubusercontent.com/82035192/123514470-34be7180-d661-11eb-94ea-58c3a5d20cc6.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514474-38ea8f00-d661-11eb-9dce-c23a80e8ba2e.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514480-3e47d980-d661-11eb-950f-80286c4c88b4.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514483-4273f700-d661-11eb-95ab-5b3eb02822fb.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514487-4869d800-d661-11eb-922d-03ac54defe45.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514491-4c95f580-d661-11eb-9b44-5c6ac54d01fa.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514496-50c21300-d661-11eb-8aeb-3ca6689514d1.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514498-54ee3080-d661-11eb-8013-ae338306a829.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514502-59b2e480-d661-11eb-8890-836c287613e9.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514507-5ddf0200-d661-11eb-9760-9b4eac6b8034.png)
+

00-Getting-Started/Explain-with-Crayons-series-by-AaronJamesArq/2021-05-26-GME-and-NFTs.md

@@ -0,0 +1,32 @@
+Crayon Explanation 💬🖍 GME and NFTs: Bullish Thesis + Possible Catalyst for MOASS
+==================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AaronJamesArq](https://www.reddit.com/user/AaronJamesArq/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlgnnj/crayon_explanation_gme_and_nfts_bullish_thesis/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+![image](https://user-images.githubusercontent.com/82035192/123514554-98489f00-d661-11eb-9638-35a2564e97c8.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514562-9c74bc80-d661-11eb-9b04-62e9f353e8db.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514565-9f6fad00-d661-11eb-9ca2-04cb3bc3f5ae.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514568-a4ccf780-d661-11eb-8aac-033111989efd.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514571-a72f5180-d661-11eb-8dca-4bce5a8c3dc0.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514572-aac2d880-d661-11eb-98b8-2454afe97c10.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514574-ae565f80-d661-11eb-89d3-c881ad6590cc.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514577-b1515000-d661-11eb-9b23-3df13cf62418.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514580-b44c4080-d661-11eb-80b7-111a0b1e51f5.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514583-b7473100-d661-11eb-97ea-69abc669ca79.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514587-badab800-d661-11eb-8c12-771ae4b4be8c.png)

00-Getting-Started/Explain-with-Crayons-series-by-AaronJamesArq/2021-05-27-Exit-Strategy-Refresher.md

@@ -0,0 +1,36 @@
+Crayon Explanation 💬🖍 Exit Strategy Vocabulary Refresher Lesson For Apes
+==========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AaronJamesArq](https://www.reddit.com/user/AaronJamesArq/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm5jvp/crayon_explanation_exit_strategy_vocabulary/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+![image](https://user-images.githubusercontent.com/82035192/123514626-ed84b080-d661-11eb-9625-fcd8fbb3eb2d.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514629-f1183780-d661-11eb-8df9-fd2827b5de40.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514630-f4abbe80-d661-11eb-8916-82fc5526a7df.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514632-f7a6af00-d661-11eb-8539-1751d49d3934.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514637-fc6b6300-d661-11eb-95e1-0cac4498d06a.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514638-fffeea00-d661-11eb-8340-faf14f32e009.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514643-02f9da80-d662-11eb-8d4b-b65c4a91867f.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514646-068d6180-d662-11eb-91fe-f268ff63b336.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514651-09885200-d662-11eb-9c23-16bb70bda60a.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514655-0c834280-d662-11eb-93fd-9344f509f05a.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514660-1016c980-d662-11eb-8e63-94ff57decb8d.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514664-12792380-d662-11eb-9e07-de8d990ad661.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123514667-15741400-d662-11eb-8a14-88e4ae2ab77e.png)

00-Getting-Started/House-of-Cards-by-atobitt/2021-05-26-House-of-Cards-Part-II.md

@@ -0,0 +1,324 @@
+House of Cards - Part 2
+=======================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) | 
+
+---
+
+[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)
+
+*Prerequisite DD:*
+
+1.  [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+
+2.  [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
+
+3.  [The House of Cards -- Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)
+
+____________________________________________________________________________________________________________
+
+TL;DR- No freaking way I can do that.
+
+____________________________________________________________________________________________________________________
+
+1. Pilot
+
+I wasn't looking into GameStop when all of this began. Most of my time was spent researching the pandemic's impact on the economy. I'm talking about the economic steam engine that employs people and puts food on their tables. Especially the small businesses that were executively steamrolled by COVID lockdowns. It was scary how fast they had to close their doors.
+
+I spent a lot of time looking at companies like GameStop. Brick-n-mortar businesses were basically running out of bricks to sh*t. Frankly, GameStop looked a lot like the next Blockbuster and it just seemed like a matter of time before they went under. Had DFV not done his homework, it's possible we wouldn't have a rocket to HODL or a story to TODL.
+
+Whoever has/had a short position with GameStop was probably thinking the same thing. The number of shares that can be freely traded on a daily basis is referred to as "the float". GameStop has 70,000,000 shares outstanding, but 50,000,000 shares represented "the float". With a small float like this, a [short position of 20% becomes significant](https://bullishbears.com/vw-short-squeeze/). Heck, Volkswagen got squozed with just a [12.8%](https://bullishbears.com/vw-short-squeeze/) short position. So let's use little numbers to walk through an example of how this works.
+
+Assume VW has 100 shares outstanding. If 12.8% of the company has been sold short, then 12.8 shares (let's just say 13) must be available to purchase at a later date (assuming VW doesn't go bankrupt). However, VW had a float of 45% which meant there was no real strain to cover that 12.8% short position at any moment. However, when Porsche announced they wanted to increase their position in VW, they invested HEAVILY.
+
+*"The kicker was that Porsche owned 43% of VW shares, 32% in options, and the government owned 20.2%.... In plain terms, it meant that the actual available float went from 45% down to 1% of outstanding shares" (bullishbears.com/vw-short-squeeze/).*
+
+Let's revisit our scenario. With 100 shares outstanding and 13 shares sold short, what happens if only 1 share was available to cover instead of 45?
+
+Well..... THIS:
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/c1n24ypq5k171.jpg?width=348&format=pjpg&auto=webp&s=2401d50c3ec1197e08564be1ffbd643558e52b6a)](https://preview.redd.it/c1n24ypq5k171.jpg?width=348&format=pjpg&auto=webp&s=2401d50c3ec1197e08564be1ffbd643558e52b6a)
+
+____________________________________________________________________________________________________________
+
+GameStop is/was the victim of price suppression through short selling. I discussed this topic with [Dr. T](https://www.youtube.com/watch?v=fGVY2Kco8ng) and [Carl Hagberg](https://www.youtube.com/watch?v=KHnpPfWdf78) in [our AMAs.](https://www.youtube.com/watch?v=KHnpPfWdf78) Every transaction has two sides- a buy and a sell. Short selling artificially increases the *supply* of shares and causes the price to decline. When this happens, the price can only increase if *demand* exceeds the increase in supply.
+
+I started looking closely at GameStop after confirming their reported short position of [140%](https://www.reuters.com/article/us-retail-trading-congress-shorting/short-selling-under-spotlight-in-gamestop-hearing-idUSKBN2AJ026). It's important for me explain this why this is so much different than the VW example...
+
+140% of GameStop's FLOAT was sold short. There were 50,000,000 shares in that float, so 140% of this was equal to the 70,000,000 shares the company has outstanding. This means AT LEAST 100% of their outstanding shares has been sold short. Now compare that to VW where the short position was only 12.8%... Simply put, it is mathematically impossible to cover more than 100% of a company's outstanding stock.
+
+The *peak* of the VW squeeze was reached when the demand for shares became surpassed by the supply of those shares. Here, demand represents 12.8% of their stock which must be available to close the short position. With only 1% of shares available, this guaranteed a squeeze until the number of shares available to trade could satisfy the remaining short interest.
+
+When a company has a short position with more than 100% of total shares outstanding, the preceding argument is thrown out the window. Supply cannot surpass demand because the company can only issue 100% of itself at any given time. Therefore, the additional 40% could only be explained by multiple people claiming ownership of the same share... Surely this is a mistake.. right? I thought this level of short selling was impossible..
+
+..Until I saw the number of short selling violations issued by FINRA..
+
+As we go through these FINRA reports, there are a few things to keep in mind:
+
+1.  FINRA is not a part of the government. FINRA is a non-profit entity with [regulatory powers set by congress](https://www.finra.org/about). This makes FINRA the largest self-regulatory organization (SRO) in the United States. The SEC is responsible for setting rules which protect individual investors; FINRA is responsible for overseeing most of the brokers (collectively referred to as members) in the US. As an SRO, FINRA sets the rules by which their members must comply- they are not directly regulated by the SEC
+
+2.  FINRA investigates cases at their own pace. When looking at the "*Date Initiated"* on their reports, it is not synonymous with "*date of occurrence".* Many times, FINRA will not say when a problem occurred, just resolved. It can be YEARS after the initial occurrence. The [DTC participant report](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) is littered with cases that were initiated in 2019 but occurred in 2015, etc. Many of the violations occurring today will take years to discover
+
+3.  FINRA can issue a violation for each occurrence using a 1:1 format. When it comes to violations like short selling, however, these "occurrences" can last months or even years. When this happens, FINRA issues a violation for multiple occurrences using a 1:MANY format. I discussed this event in [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) where one violation represented FOUR YEARS of market f*ckery. What's sh*tty is that FINRA doesn't tell you which violations are which. You have to read each line and see if they mention a date range of occurrence within each record. If they don't, you must assume it was for one event... BRUTAL
+
+4.  FINRA's investment portfolio is held by the same entities they are issuing violations to... Let that sink in for a minute
+
+____________________________________________________________________________________________________________
+
+2. State your case...
+
+Can you think of a reason why short sellers would want to understate their short positions? Put yourself in their situation and imagine you're running a hedge fund...
+
+You operate in a self-regulated (SRO) environment and your records are basically private. If the SEC asks you to justify suspicious behavior, you really don't have to provide it. The worst that could happen is a slap on the wrist. I wrote about this EXACT same thing in [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/). They received a cease-and-desist order from the SEC on 12/10/2018 for failing to submit complete and accurate records. This 'occurred' from November 2012 through April 2016 and contained deficient information for over 80,000,000 trades. Their punishment... $3,500,000... So why even bother keeping an honest ledger?
+
+Now, suppose you short a bunch of shares into the market. When you report this to FINRA, they require you to mark the transaction with a short sale indicator. In doing so, FINRA builds a paper trail to your short selling activity.
+
+However... if you omit this indicator, FINRA can't distinguish that transaction from a long sale. Who else would there be to hold you accountable for covering your position? This is especially true for self-clearing organizations like Citadel because there are less parties involved to hold you accountable with recordkeeping. If FINRA thinks you physically owned those shares and sold them (long sale), they have no reason to revisit that transaction in the future... You could literally pocket the cash and dump the commitment to cover.
+
+Another very important advantage is that it allows short sellers to artificially increase the supply of shares while understating the outstanding short interest on that security. The supply of shares being sold will drive down the price, while the short interest on the stock remains the same.
+
+So.. aside from paying a fine, how could you possibly lose by "forgetting" to mark that trade with a short sale indicator? It would seem the system almost incentivizes this type of behavior.
+
+I combed through the [DTC participant report](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) and found enough dirt to fill the empty chasm that is Ken Griffin's soul. Take a guess at what their most common short selling violation is.. I'm going to assume you said "FAILING TO PROPERLY MARK A SHORT SALE TRANSACTION".
+
+For the record, I just want to say I called this in March when I wrote [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/). Citadel has one of the highest concentrations of short selling violations in their FINRA report. At the time, I didn't fully understand the consequences of this violation... After seeing how many participants received the same penalty, it finally made sense.
+
+There are roughly 240 participant account names on the DTC's list. Sh*t you not, I looked at every short selling violation that was published on [Brokercheck.finra.org](https://brokercheck.finra.org/). To be fair, I eliminated participants with only 1 or 2 violations related to short selling. There were PLENTY of bigger fish to fry.
+
+I literally picked the first participant at the top of the list and found three violations for short selling.
+
+*cracks knuckles*
+
+[ABN AMRO Clearing Chicago LLC](https://files.brokercheck.finra.org/firm/firm_14020.pdf) (AACC) is the 3rd largest bank in the Netherlands. They got popped for three short selling violations, one of which included a failure-to-deliver. In total, they have 78 violations from FINRA. Several of these are severe compared to their violations for short selling. However, the short selling violations revealed a MUCH bigger story:
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/3t5ylyfz5k171.jpg?width=1055&format=pjpg&auto=webp&s=f961999d09eeee7fbe42364700cbc727869f9e3f)](https://preview.redd.it/3t5ylyfz5k171.jpg?width=1055&format=pjpg&auto=webp&s=f961999d09eeee7fbe42364700cbc727869f9e3f)
+
+So... ABN AMRO submitted an inaccurate short interest position to the NYSE and FINRA and lacked the proper supervisory systems to comply with... practically everything...
+
+In 2014, AMRO forked over $95,000 to settle this and didn't even say they were sorry.
+
+In these situations, it's easy to think *"meh, could have been a fluke event"*. So I took a closer look and found violations by the same participants which made it much harder to argue their case of sheer negligence. Here are a couple for AMRO:
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/vir299076k171.jpg?width=1079&format=pjpg&auto=webp&s=e17e6ceff040a4be0113c1bc4e435f29fb5ce0a6)](https://preview.redd.it/vir299076k171.jpg?width=1079&format=pjpg&auto=webp&s=e17e6ceff040a4be0113c1bc4e435f29fb5ce0a6)
+
+ABN AMRO got slapped with a $1,000,000 fine for understating capital requirements, failing to maintain accurate books, and failing to supervise employees. If you mess up once or twice but end up fixing the problem- GREAT. When your primary business is to clear trades and you fail THIS bad, there is a much bigger problem going on. It gets hard to defend this as an accident when every stage of the trade recording process is fundamentally flawed. The following screenshot came from the same violation:
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/mnpm2gz96k171.jpg?width=733&format=pjpg&auto=webp&s=7e5c66293566b7ca2329f20bcdb634c35395943f)](https://preview.redd.it/mnpm2gz96k171.jpg?width=733&format=pjpg&auto=webp&s=7e5c66293566b7ca2329f20bcdb634c35395943f)
+
+[Warehouse receipts](https://www.investopedia.com/terms/w/warehousereceipt.asp#:~:text=A%20warehouse%20receipt%20is%20used,well%20as%20provide%20inventory%20management.) are like the receipts you get after buying lumber online. You can print these out and take them to Home-Depot, where you exchange them for the ACTUAL lumber in the store. Instead of trading the actual goods, you can trade a warehouse receipt instead... so yeah... since this ONE record allowed AMRO to meet their customer's margin requirement, it seems EXTREMELY suspicious that they didn't appropriately remove it once they were withdrawn.
+
+Do I think this was an accident? F*ck no. Because FINRA reported them 8 years later for doing the SAME F*CKING THING:
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/sv0v5igw6k171.jpg?width=1071&format=pjpg&auto=webp&s=02f17082135c702fad6bbc064073ae031151cee7)](https://preview.redd.it/sv0v5igw6k171.jpg?width=1071&format=pjpg&auto=webp&s=02f17082135c702fad6bbc064073ae031151cee7)
+
+Once again, AMRO got caught understating their margin requirements. Last time, they used the value of withdrawn warehouse receipts to meet their margin requirements. Here, they're using securities which weren't eligible for margin to meet their margin requirements..
+
+You can paint apple orange, but it's still an apple..
+
+The bullsh*t I read about in these reports doesn't really shock me anymore. It's actually the opposite.. You begin to *expect* bigger fines as they set higher benchmarks for misconduct. When I find a case like AMRO, I'll usually put more time into it because certain citations represent puzzle pieces. Once you find enough pieces, you can see the bigger picture. So believe me when I say I was genuinely shocked by the [detail report](https://www.finra.org/sites/default/files/fda_documents/2016049875801%20ABN%20AMRO%20Clearing%20Chicago%20LLC%20CRD%2014020%20AWC%20va%20%282019-1572740384682%29.pdf) on this case...
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/4lgyti547k171.jpg?width=844&format=pjpg&auto=webp&s=633a928d28caef8cc6719873532aef60f271cefb)](https://preview.redd.it/4lgyti547k171.jpg?width=844&format=pjpg&auto=webp&s=633a928d28caef8cc6719873532aef60f271cefb)
+
+This has been going on for 8 F*CKING YEARS!?
+
+Without a doubt, this is a great example of a violation where the misconduct supposedly *ended* in 2015 but took another 4 years for FINRA to publish the d*mn report. If my math is correct, the 8 year "relevant period" plus the 4 years FINRA spent... I don't know... reviewing?... yields a total of 12 years. In other words, from the time this problem started to the time it was publicized by FINRA, the kids in 1st grade had graduated high school...
+
+Does anyone else think these self-regulatory organizations (SROs) are doing a terrible job self-regulating...? How we can trust these situations are appropriately monitored if it takes 12 years for a sh*t blossom to bloom?
+
+...OH! I almost forgot... After understating their margin requirements in 22 accounts for over 8 years, ABN AMRO paid a $150,000 fine to settle the dust...
+
+____________________________________________________________________________________________________
+
+I know that was a sh*t load of information so let me summarize it for you:
+
+One of the most common citations occurs when a firm "accidently" marks a short sale as long, or misreports short interest positions to FINRA. When a short sale occurs, that transaction should be marked with a short sale indicator. Despite this, many participants do it to avoid the borrow requirements set by Regulation SHO. If they mark a short sale as long, they are not required to locate a borrow because FINRA doesn't know it's a short sale.
+
+This is why so many of these FINRA violations include a statement about the broker failing to locate a borrow along with the failure to mark a short sale indicator on the transaction. It literally means the broker was naked short selling a stock and telling FINRA they physically owned that share..
+
+Suddenly, a "small" violation had much bigger implications. The number of short shares that have been excluded from the short interest calculation is directly related to these violations... and there are HUNDREDS of them. Who knows how many companies have under reported short interest positions..
+
+To be clear, I did NOT choose them based on the amount of 'dirt' they had. AMRO's violations were like grains of sand on a beach and It's going to take A LOT of dirt to fill the bottomless pit that is Ken Griffin's soul. Frankly, ABN AMRO wouldn't get us there with 10,000 FINRA violations. So without further ado, let's get dirty..
+
+____________________________________________________________________________________________________
+
+2. Call em' out...
+
+When FINRA publishes one of their reports, the granular details like numbers and dates are often left out. This makes it impossible to determine how systematic a particular issue might be.
+
+For example, if you know that *"XYZ failed to comply with FINRA's short interest reporting requirements"* your only conclusion is that the violation occurred. However, if you know that *"XYZ failed to comply with FINRA's short interest reporting requirements on 15,000 transactions during 2020"* you can start investigating the magnitude of that violation. If XYZ only completed 100,000 transactions in 2020, it means 15% of their transactions failed to meet requirements. This represents a major systematic risk to XYZ and the parties it conducts business with.
+
+I spent some time analyzing [Apex Clearing Corporation](https://files.brokercheck.finra.org/firm/firm_13071.pdf) after I left ABN AMRO. Apex is 8th on the list and the 2nd participant I found with an evident short selling problem.
+
+In 2019, FINRA initiated a case against Apex for doing the same sh*t as ABN AMRO. However, the magnitude of this violation really put things into perspective: I got a small taste of how f*cked this house of cards truly is..
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/u1b4zh6m7k171.jpg?width=1076&format=pjpg&auto=webp&s=0f14f5fa49e73dad79ff605464fc1c64fa73f5bd)](https://preview.redd.it/u1b4zh6m7k171.jpg?width=1076&format=pjpg&auto=webp&s=0f14f5fa49e73dad79ff605464fc1c64fa73f5bd)
+
+This is practically a template of the first ABN AMRO violation we discussed. To see the difference, we need to look at their [letter of Acceptance, Waiver and Consent](https://www.finra.org/sites/default/files/fda_documents/2016049448301%20Apex%20Clearing%20Corporation%20CRD%2013071%20AWC%20va%20%282019-1573777189509%29.pdf) (AWC)..
+
+[![r/Superstonk - House of Cards - Part 2](https://preview.redd.it/zaiywobp7k171.jpg?width=938&format=pjpg&auto=webp&s=7fe2d2323e757efcdedf2ab22aa1ff34e10d7d55)](https://preview.redd.it/zaiywobp7k171.jpg?width=938&format=pjpg&auto=webp&s=7fe2d2323e757efcdedf2ab22aa1ff34e10d7d55)
+
+Let's break this down step-by-step...
+
+Apex had an issue for 47 months where certain customers recorded their short positions in an account which was NOT being sent to FINRA. It only takes a few wrinkles on the brain to realize this is a problem. The sample data tells us just how bad that problem is..
+
+When you see the term "*settlement days",* think "[T+2](https://www.schwab.com/resource-center/insights/content/stock-settlement-why-you-need-to-understand-t2-timeline#:~:text=the%20seller's%20account.-,When%20does%20settlement%20occur%3F,would%20typically%20settle%20on%20Wednesday.)". Apex follows the T+2 settlement period for both [cash accounts and margin accounts](https://www.apexclearing.com/wp-content/uploads/2020/01/Apex-Customer-Information-Brochure-2019.pdf) which means the trade *should* clear 2 days after the original trade date. When you buy stock on a Monday, it should settle by Wednesday.
+
+Ok.. quick maff...
+
+There are roughly [252 trading days](https://therobusttrader.com/how-many-trading-days-are-there-in-a-year/) in one year after removing weekends and holidays. Throughout the 47 month "review period", we can safely assume that Apex had roughly 987 ((252/ 12) * 47) settlement dates...
+
+In other words: 256 misstated reports over 47 months is more than 1 misstatement / week for nearly 4 years. Tell me again how this is *trivial?*
+
+The wording of the "sample settlement" section is a bit ambiguous... It doesn't clarify if those were the only 2 settlement dates they sampled, or if they were the only settlement dates with reportable issues. Honestly, I would be shocked if it was the latter because auditors don't examine every record, but I can't be certain...
+
+Anyway... FINRA discovered 256 short interest positions, consisting of 481,195 shares, were *incorrectly* excluded from their short interest report. In addition, they understated the share count by 879,321 in 130 separate short interest positions. Together, this makes 1,360,516 shares that were excluded from the short interest calculation. When you realize nearly 1.5 million 'excluded' shares were discovered in just 2 settlement periods and there were almost 1,000 dates to choose from, it seriously dilates the imagination...
+
+Once again... FINRA wiped the slate clean for just $140,000...
+
+I want to talk about one last thing before we jump to the next section. Did you happen to notice the different account types that Apex discussed in their [letter of Acceptance, Waiver and Consent](https://www.finra.org/sites/default/files/fda_documents/2016049448301%20Apex%20Clearing%20Corporation%20CRD%2013071%20AWC%20va%20%282019-1573777189509%29.pdf) ? They specifically instructed their customers to book short positions into a TYPE 1 (CASH) account, or TYPE 5 (SHORT MARGIN) account. A short margin account is just a margin account that holds short positions. The margin requirement for short positions are more strict than regular margin accounts, so I can see the advantage in separating them.
+
+In the [AMA with Wes Christian](https://www.youtube.com/watch?v=2rJujnpKiqM) *(starting at 7:30)*, he specifically discussed how a broker-dealer's margin account is used to locate shares for short sellers. However, the margin account contains shares that were previously pledged to another party. Given the lack of oversight in securities lending, the problem keeps compounding each time a new borrower claims ownership of that share.
+
+Now think back to the situation with Apex..
+
+They asked their customers to book short positions to a short-margin account or a cash account. The user agreement with a margin account allows Apex to continue lending those securities at any time. As discussed with Dr. T and Carl Hagberg, the broker collects interest for lending your margin shares and doesn't pay you anything in return. When multiple locates are authorized for the same share, the broker collects multiple lending fees on the same share.
+
+In contrast, the cash account falls under the protection of [SEA 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) and consists of shares that have not been leveraged- or lent- like the margin-short account. According to Wes *(starting at 8:30)*, these shares are segregated and cannot be touched. The broker cannot encumber-or restrict- them in any way. However, according to Wes, this is currently happening. He also explained how Canada has legalized this and currently allows broker-dealers to short sell your cash account shares against you.
+
+____________________________________________________________________________________________________
+
+Alright.... I'll stop beating the dead horse regarding short sale indicators & inaccurate submissions of short interest positions. Given the volume of citations we haven't discussed, I'll summarize some of my findings, below.
+
+Keep in mind these are ONLY for "FAILURE TO REPORT SHORT INTEREST POSITIONS" or "FAILURE TO INDICATE A SHORT SALE MODIFIER". If the violations contain additional information, it's because that citation actually listed additional information. It does NOT represent an all-inclusive list of short selling violations for these participants.
+
+...You wanted to know how systematic this problem is, so here you go... *(EACH BROKER-DEALER NAME IS HYPERLINKED TO THEIR FINRA REPORT)*
+
+1.  [Barclays](https://files.brokercheck.finra.org/firm/firm_19714.pdf) | Disclosure 36 -- "SUBMITTED 86 SHORT INTEREST POSITIONS TOTALING 41,100,154 SHARES WHEN THE ACTUAL SHORT INTEREST POSITION WAS 44,535,151 SHARES.. FAILED TO REPORT 8 SHORT INTEREST POSITIONS TOTALING 1,110,420 SHARES"
+
+a. $10,000 FINE
+
+2\. [Barclays](https://files.brokercheck.finra.org/firm/firm_19714.pdf) | Disclosure 54 -- "SUBMITTED AN INACCURATE SHORT INTEREST POSITION TO FINRA AND FAILED TO REPORT ITS SHORT INTEREST POSITIONS IN 835 POSITIONS TOTALING 87,562,328 SHARES"
+
+a. $155,000 FINE
+
+3\. [BMO Capital Markets Corp](https://files.brokercheck.finra.org/firm/firm_16686.pdf) | Disclosure 23 -- "SUBMITTED SHORT INTEREST POSITIONS TO FINRA THAT WERE INCORRECT AND FAILED TO REPORT TO FINRA ITS SHORT INTEREST POSITIONS TOTALING OVER 72 MILLION SHARES FOR 11 MONTHS"
+
+a. $90,000 FINE
+
+4\. [BNP Paribas Securities Corp](https://files.brokercheck.finra.org/firm/firm_15794.pdf) | Disclosure 53 -- "FAILED TO REPORT TO FINRA ITS SHORT INTEREST IN 2,509 POSITIONS TOTALING 6,051,974 SHARES"
+
+a. $30,000 FINE
+
+5\. [BNP Paribas Securities Corp](https://files.brokercheck.finra.org/firm/firm_15794.pdf) | Disclosure 9 -- "ON 35 OCCASIONS OVER A FOUR-MONTH PERIOD, A HEDGE FUND SUBMITTED SALE ORDERS MARKED "LONG" TO BNP FOR CLEARING. FOR EACH OF THOSE "LONG" SALES, ON THE MORNING OF SETTLEMENT, THE HEDGE FUND DID NOT HAVE THE SHARES IN IT'S BNP ACCOUNT TO COVER THE SALE ORDER. IN ADDITION, BNP WAS ROUTINELY NOTIFIED THAT THE HEDGE FUND WOULD NOT BE ABLE TO COVER. NEVERTHELESS, WHEN EACH SETTLEMENT DATE ARRIVED AND THE HEDGE FUND WAS UNABLE TO COVER, BNP LOANED THE SHARES TO THE HEDGE FUND. IN TOTAL, BNP LOANED MORE THAN 8,000,000 SHARES TO COVER THESE PURPORTED "LONG" SALES"
+
+a. $250,000 FINE
+
+6\. [Cantor Fitzgerald & Co](https://files.brokercheck.finra.org/firm/firm_134.pdf) | Disclosure 1 - (literally came out on 5/6/2021) -- "THE FIRM SUBMITTED INACCURATE SHORT INTEREST POSITIONS TO FINRA. THE FIRM OVERREPORTED NEARLY [55,000,000 SHORT SHARES](https://www.finra.org/sites/default/files/fda_documents/2018059464001%20Cantor%20Fitzgerald%20%26%20Co.%20CRD%20134%20AWC%20va.pdf) WHICH WERE CUSTODIED WITH AND ALREADY REPORTED BY ITS CLEARING FIRM, WITH WHICH CANTOR MAINTAINS A FULLY DISCLOSED CLEARING AGREEMENT"
+
+a. $250,000 FINE
+
+7\. [Cantor Fitzgerald & Co](https://files.brokercheck.finra.org/firm/firm_134.pdf) | Disclosure 31 - "...THE FIRM EXECUTED NUMEROUS SHORT SALE ORDERS AND FAILED TO PROPERLY MARK THE ORDERS AS SHORT... THE FIRM, ON NUMEROUS OCCASIONS, ACCEPTED SHORT SALE ORDERS IN AN EQUITY SECURITY FROM ANOTHER PERSON, OR EFFECTED A SHORT SALE FROM ITS OWN ACCOUNT WITHOUT BORROWING THE SECURITY..."
+
+a. $53,500 FINE
+
+8\. [Cantor Fitzgerald & Co](https://files.brokercheck.finra.org/firm/firm_134.pdf) | Disclosure 33 - "...EXECUTED SHORT SALE ORDERS AND FAILED TO PROPERLY MARK THE ORDERS AS SHORT. THE FIRM HAD FAIL-TO-DELIVER POSITIONS AT A REGISTERED CLEARING AGENCY IN THRESHOLD SECURITIES FOR 13 CONSECUTIVE SETTLEMENT DAYS... FAILED TO IMMEDIATELY CLOSE OUT FTD POSITIONS... ACCEPTED SHORT SALE ORDERS FROM ANOTHER PERSON, OR EFFECTED A SHORT SALE FROM ITS OWN ACCOUNT, WITHOUT BORROWING THE SECURITY OR HAVING REASONABLE GROUNDS TO BELIEVE THAT THE SECURITY COULD BE BORROWED..."
+
+a. $125,000 FINE
+
+9\. [Canaccord Genuity Corp](https://files.brokercheck.finra.org/firm/firm_1020.pdf) | Disclosure 17 - "THE FIRM EXECUTED SALE TRANSACTIONS AND FAILED TO REPORT EACH OF THESE TRANSACTIONS TO THE FINRA/NASDAQ TRADE REPORTING FACILITY AS SHORT"
+
+a. $57,500 FINE
+
+10\. [Canaccord Genuity Corp](https://files.brokercheck.finra.org/firm/firm_1020.pdf) | Disclosure 20 - "THE FIRM EXECUTED SHORT SALE ORDERS AND FAILED TO PROPERLY MARK THE ORDERS AS SHORT"
+
+a. $27,500 FINE
+
+11\. [Canaccord Genuity Corp](https://files.brokercheck.finra.org/firm/firm_1020.pdf) | Disclosure 31 - "...SUBMITTED TO NASD MONTHLY SHORT INTEREST POSITION REPORTS THAT WERE INACCURATE"
+
+a. $85,000 FINE
+
+12\. Citadel Securities LLC | [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) -- LITERALLY ALL I TALK ABOUT IN THAT POST. GO READ IT
+
+13\. [Citigroup Global Markets](https://files.brokercheck.finra.org/firm/firm_7059.pdf) | Disclosure 10 -- "THE FIRMS TRADING PLATFORM FAILED TO RECOGNIZE THAT THE FIRM WAS SELLING SHORT WHEN IT WAS ACTING AS THE CONTRA PARTY TO A CUSTOMER TRADE. AS A RESULT, THE FIRM ERRONEOUSLY REPORTED SHORT SALES TO A FINRA TRADE REPORTING FACILITY AS LONG SALES... EFFECTING SHORT SALES FROM ITS OWN ACCOUNT WITHOUT BORROWING THE SECURITY..."
+
+a. $225,000 FINE
+
+14\. [Citigroup Global Markets](https://files.brokercheck.finra.org/firm/firm_7059.pdf) | Disclosure 59 -- "...THE FIRM RECORDED 203,653 SHORT SALE EXECUTIONS ON ITS BOOKS AND RECORDS AS LONG SALES, SUBMITTED INACCURATE ORDER ORIGINATION CODES AND ACCOUNT TYPE CODES TO THE AUDIT TRAIL SYSTEM FOR APPROXIMATELY 2,775,338 ORDERS... "
+
+a. $300,000 FINE
+
+15\. [Citigroup Global Markets](https://files.brokercheck.finra.org/firm/firm_7059.pdf) | Disclosure 76 -- "...FAILED TO PROPERLY MARK APPROXIMATELY 9,717,875 SALE ORDERS AS SHORT SALES... FINDINGS ALSO ESTIMATED THAT THE FIRM ENTERED 55 MILLION ORDERS INTO THE NASDAQ MARKET CENTER THAT IT FAILED TO CORRECTLY INDICATE AS SHORT SALES..."
+
+a. $2,250,000 FINE
+
+16\. [Cowen and Company LLC](https://files.brokercheck.finra.org/firm/firm_7616.pdf) | Several Disclosures -- almost every other disclosure is for failing to mark a sale with the appropriate indicator, including short AND long sale indicators
+
+17\. [Credit Suisse Securities LLC](https://files.brokercheck.finra.org/firm/firm_816.pdf) | Disclosure 34 -- "NEW ORDER REPORTS WERE INACCURATELY ENTERED INTO ORDER AUDIT TRAIL SYSTEM (OATS) AS LONG SALES BUT WERE TRADE REPORTED WITH A SHORT SALE INDICATOR"
+
+a. $50,000 FINE
+
+18\. [Credit Suisse Securities LLC](https://files.brokercheck.finra.org/firm/firm_816.pdf) | Disclosure 95 -- "BETWEEN SEPTEMBER 2006 AND JUNE 2008, CREDIT SUISSE FAILED TO SUBMIT ACCURATE PERIODIC REPORTS WITH RESPECT TO SHORT POSITIONS..."
+
+a. $40,000 FINE
+
+19\. [Deutsche Bank Securities INC.](https://files.brokercheck.finra.org/firm/firm_2525.pdf) | Disclosure 50 -- "THE FIRM FAILED TO REPORT SHORT INTEREST POSITIONS IN DUALLY-LISTED SECURITIES"
+
+a. $200,000 FINE
+
+20\. [Deutsche Bank Securities INC.](https://files.brokercheck.finra.org/firm/firm_2525.pdf) | Disclosure 52 -- "THE FIRM... EXPERIENCED MULTIPLE PROBLEMS WITH ITS BLUE SHEET SYSTEM THAT CAUSED IT TO SUBMIT INACCURATE BLUE SHEETS TO THE SEC AND FINRA... INCORRECTLY REPORTED LONG ON ITS BLUE SHEET TRANSACTIONS WHEN CERTAIN TRANSACTIONS SHOULD HAVE BEEN MARKED SHORT"
+
+a. $6,000,000 FINE (SEVERAL OTHER ISSUES REPORTED IN ADDITION TO SHORTS)
+
+21\. [Deutsche Bank Securities INC.](https://files.brokercheck.finra.org/firm/firm_2525.pdf) | Disclosure 58 -- "BETWEEN JANUARY 2005 AND CONTINUING THROUGH NOVEMBER 2015, THE FIRM IMPROPERLY INCLUDED THE AGGREGATION OF NET POSITIONS IN CERTAIN SECURITIES OF A NON-US BROKER AFFILIATE... IN ADDITION... DURING THE PERIOD BETWEEN APRIL 2004 AND SEPTEMBER 2012, THE FIRM INAPPROPRIATELY REPORTED CERTAIN SHORT INTEREST POSITIONS ON A NET, INSTEAD OF GROSS, BASIS.."
+
+a. $1,400,000 FINE
+
+22\. [Goldman Sachs & Co. LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) | Disclosure 32 -- "THE FIRM REPORTED SHORT SALE TRANSACTIONS TO FINRA TRADE REPORTING FACILITY WITHOUT THE REQUIRED SHORT SALE MODIFIER"
+
+a. $260,000 FINE (SEVERAL OTHER ISSUES REPORTED IN ADDITION TO SHORTS)
+
+23\. [Goldman Sachs & Co. LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) | Disclosure 54 -- "FAILED TO ACCURATELY APPEND THE SHORT SALE INDICATOR TO FINRA/NASDAQ TRADE REPORTING FACILITY REPORTS... INACCURATELY MARKED SELL TRANSACTIONS ON ITS TRADING LEDGER"
+
+a. $55,000 FINE
+
+24\. [Goldman Sachs & Co. LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) | Disclosure 63 -- "...SUBMITTED TO FINRA AND THE SEC BLUE SHEETS THAT INACCURATELY REPORTED CERTAIN SHORT SALE TRANSACTIONS AS LONG SALE TRANSACTIONS WITH RESPECT TO THE FIRM SIDE OF CUSTOMER FACILITATION TRADES... THE FIRM REPORTED SHORT SALES AS LONG SALES ON ITS BLUE SHEETS WHEN THE TRADING DESK USED A PARTICULAR MIDDLE OFFICE SYSTEM..."
+
+a. $1,000,000 FINE
+
+25\. [Goldman Sachs & Co. LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) | Disclosure 150 -- "GOLDMAN SACHS & CO. FAILED TO REPORT SHORT INTEREST POSITIONS FOR FOREIGN SECURITIES AND NUMEROUS SHARES ONE MONTH... THE FIRM REPORTED SHORT INTEREST POSITIONS IN SECURITIES TOTALING SEVERAL MILLION SHARES EACH TIME WHEN THE ACTUAL SHORT INTEREST POSITIONS IN THE SECURITIES WERE ZERO SHARES... ACCEPTING A SHORT SALE ORDER IN AN EQUITY SECURITY FROM ANOTHER PERSON, OR EFFECTED A SHORT SALE FROM ITS OWN ACCOUNT, WITHOUT BORROWING THE SECURITY OR BELIEVING THE SECURITY COULD BE BORROWED ON THE DATE OF DELIVERY..."
+
+a. $120,000 FINE
+
+26\. [Goldman Sachs & Co. LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) | Disclosure 167 -- "...THE FIRM FAILED TO REPORT TO THE NMC THE CORRECT SYMBOL INDICATING THAT THE TRANSACTION WAS A SHORT SALE FOR TRANSACTIONS IN REPORTABLE SECURITIES..."
+
+a. $600,000 FINE (SEVERAL OTHER ISSUES REPORTED IN ADDITION TO SHORTS)
+
+27\. [HSBC Securities (USA) INC.](https://files.brokercheck.finra.org/firm/firm_19585.pdf) | Disclosure 26 -- "FIRM EXECUTED SHORT SALE TRANSACTIONS AND FAILED TO MARK THEM AS SHORT... HSBC SECURITIES HAD A FAIL-TO-DELIVER SECURITY FOR 13 CONSECUTIVE SETTLEMENT DAYS AND FAILED TO IMMEDIATELY CLOSE OUT THE FTD POSITION... THE FIRM CONTINUED TO HAVE A FTD IN THE SECURITY AT A CLEARING AGENCY ON 79 ADDITIONAL SETTLEMENT DAYS..."
+
+a. $65,000 FINE
+
+____________________________________________________________________________________________________________
+
+I'm going to stop at 'H' because I'm tired of writing. Hopefully, you all understand the point so far. We're only 8 letters into the alphabet and have successfully buried Ken to his waist.
+
+The system that is used to mark the proper transaction type (sell, buy, short sell, short sell exempt, etc.) is obviously broken... There, I said it.. the system is INDUBITABLY, UNDOUBTEDLY, INEVITABLY F*CKED..
+
+Regardless of the cause- fraud or negligence- there are too many firms failing to accomplish a seemingly simple task. The consequences of which are creating far more shares than we can imagine. It's a gigantic domino effect. If you fail to properly mark 1,000,000 short shares and a year goes by without catching the problem, it's already too late. They're like the f*cking replicators from Stargate..
+
+In each of the examples listed above, the short interest on the stock was understated by the number of shares excluded... and that was just a handful..
+
+Knowing this, how can someone look at the evidence and say it's *trivial....?*
+
+No one really knows HOW systematic this issue is because it is so deeply incorporated in the market that it has BECOME the system itself. Therefore, there is obviously something much deeper going on, here.. How does one argue against the severity of these problems after reading this? There are FAR too many things that don't make sense and FAR too many people turning a blind eye..
+
+The only conclusion I keep coming back to is that the people with money know what's going on and are desperately trying to keep it under wraps..
+
+..So.... In an effort to prove this, I looked for violations that showed their desperation to protect this f*cked up system.
+
+..Buckle up..
+
+____________________________________________________________________________________________________________
+
+*HOUSE OF CARDS - PART 3 (I'm uploading it now; will link ASAP)*

00-Getting-Started/House-of-Cards-by-atobitt/2021-05-26-House-of-Cards-Part-III.md

@@ -0,0 +1,140 @@
+House of Cards - Part 3
+=======================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_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)
+
+*Prerequisite DD:*
+
+1.  [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+
+2.  [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
+
+3.  [The House of Cards -- Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)
+
+4.  [The House of Cards - Part 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/)
+
+____________________________________________________________________________________________________________
+
+TL;DR- No freaking way I can do that.
+
+_____________________________________________________________________________________________________________________
+
+Continuing from HOC Part II...
+
+4. Slimy...
+
+If you watched the [AMA with Wes Christian](https://www.youtube.com/watch?v=2rJujnpKiqM), he talks about the number of occurrences where the actual short interest is severely understated based on the data his firm obtained for legal proceedings. According to his numbers, in most cases the short interest is 50% - 150% MORE than what is reported by the SEC *(starting at 14:30).*
+
+The objective isn't to address the issue: it's to keep the issue hidden. Firms that underreport their short interest are gaming the system by taking advantage of how the short interest calculation is done. When the SEC relies on reports that broker-dealers provide, and FINRA takes YEARS to reveal the lies within those reports, the broker-dealer can lie without immediately facing the consequences. It allows these firms to operate in a high-risk environment without exposing just HOW big their risk-appetite is.
+
+Another example that Wes mentioned was [Merrill Lynch](https://www.sec.gov/news/pressrelease/2016-128.html). Merrill was fined [$415,000,000](https://files.brokercheck.finra.org/firm/firm_16139.pdf) *(violation 3)* in 2016 for using securities held in their customer's accounts to cover their own trades. Check out this screenshot I took from that case:
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/v9625j8wek171.jpg?width=1115&format=pjpg&auto=webp&s=85d43bc351fbda75e347bd33a1a550b67dda970e)](https://preview.redd.it/v9625j8wek171.jpg?width=1115&format=pjpg&auto=webp&s=85d43bc351fbda75e347bd33a1a550b67dda970e)
+
+Remember when we mentioned [SEA 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) in the case with Apex? They were asking customers to book short positions to either a cash account or a short margin account. [SEA 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) protects those customers from allowing brokers to lend out the securities within their cash accounts...
+
+Well Merrill Lynch knocked that one right out of the f*cking park...
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/s3zok5wyek171.jpg?width=1129&format=pjpg&auto=webp&s=815e5344912234ceba846dc0d45c8b8b488b82c4)](https://preview.redd.it/s3zok5wyek171.jpg?width=1129&format=pjpg&auto=webp&s=815e5344912234ceba846dc0d45c8b8b488b82c4)
+
+Merrill made it seem like the required deposit in their customer reserve account was much lower than it truly was. They wouldn't have been able to use that cash if it reduced the amount below the minimum capital requirement, so they found a way to fudge the numbers. In doing so, they managed to prevent a CODE RED while reaping the benefits of a high-risk 'opportunity'. Should Merrill have filed bankruptcy during that time, those customers would have been completely blindsided.
+
+In the case of short selling, the *true* exposure of short interest is unknown... and I'm not just talking about the short sale indicator. When a firm fails to deliver securities that were sold short, there's a pretty good indication that they've exposed themselves to a bit of a problem.. Now imagine a case where the FTDs start piling up and they STILL continue to short sell that same security.. think I'm joking?
+
+Check out the [Royal Bank of Canada](https://files.brokercheck.finra.org/firm/firm_31194.pdf):
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/u6yl6tj2fk171.png?width=812&format=png&auto=webp&s=1e44cc507247db1e28c00a213f90054b9abdaa6a)](https://preview.redd.it/u6yl6tj2fk171.png?width=812&format=png&auto=webp&s=1e44cc507247db1e28c00a213f90054b9abdaa6a)
+
+Again... I was pretty shocked at that one. However, nothing rang-the-bell quite like this one from [Goldman Sachs](https://files.brokercheck.finra.org/firm/firm_361.pdf):
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/5f408er6fk171.png?width=1031&format=png&auto=webp&s=38b9ad83d2a07360af5b5cd99d834a8771b66c93)](https://preview.redd.it/5f408er6fk171.png?width=1031&format=png&auto=webp&s=38b9ad83d2a07360af5b5cd99d834a8771b66c93)
+
+Goldman had 68 occasions in 4 months where they didn't close a failure-to-deliver... In 45 occasions, they CONTINUED to accept customer short sale orders in securities which it had an active failure-to-deliver...
+
+When a firm is really starting to sweat, they pull certain tricks out of their ass to quell the situation. Again, this is nothing but smoke and mirrors because that's all they can really do. Just as Merrill Lynch artificially lowered their customer reserve deposit, other firms make it look like they cover their short positions.
+
+One of the ways they do this is by short selling a SH*T load of shares right before a buy-in... Since we're talking about Goldman Sachs, this seems like a great time to showcase their experience with this..
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/zhf1hr1afk171.png?width=1049&format=png&auto=webp&s=f704c3722ae287480057ce3e01c561a28b77cf4c)](https://preview.redd.it/zhf1hr1afk171.png?width=1049&format=png&auto=webp&s=f704c3722ae287480057ce3e01c561a28b77cf4c)
+
+I promise... It really is as dumb as it sounds...
+
+So the perception here is when Goldman's client has a FTD and they find out a buy-in is coming, the required buy-in would obviously be too extreme for the client to handle.. So they begin to buy those shares while simultaneously shorting AT LEAST the same amount they were required to purchase...
+
+Have you ever failed to repay a loan so you went to another bank and got a loan to cover the first one? Well that's exactly what this is... I know what you're probably thinking... "didn't that just kick the can down the road?". The answer is YES: it didn't actually solve anything..
+
+There's still one more citation that Goldman received which truly represents the pinnacle of *no-sh*ts-given.* After I cover this, I don't know how anyone could argue the systematic risks that exist within the securities lending business.. Check it out:
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/0md200bdfk171.png?width=940&format=png&auto=webp&s=cf5e8310fbcbd73699e3593b2ab5dab418055ab0)](https://preview.redd.it/0md200bdfk171.png?width=940&format=png&auto=webp&s=cf5e8310fbcbd73699e3593b2ab5dab418055ab0)
+
+For 5 years, Goldman relied on a team of 10-12 individuals to locate shares to be used by its clients for short selling. This group was known as the "demand team". Naturally, as the number of requests coming in the door started to increase, it became difficult for the team to properly document all of them. The volume peaked at 20,000 requests PER DAY, but the number of individuals that handled this job stayed the same.
+
+Obviously, this became too much for them to handle so they opted out of the manual process and found another solution- the F3 key....
+
+Yes- the F3 key... This button activated an autofill system which completed 98% of Goldman's orders to locate shares
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/exqzge3gfk171.png?width=964&format=png&auto=webp&s=ed9c8b740974dad01db69460332c56df81a8d768)](https://preview.redd.it/exqzge3gfk171.png?width=964&format=png&auto=webp&s=ed9c8b740974dad01db69460332c56df81a8d768)
+
+The problem with Goldman's autofill system was that it used the number of shares available to borrow at the beginning of that day, which had already been accounted for. After using the auto-locate feature, the demand team didn't even verify the accuracy of the autofill feature or document which method was used to locate the shares for each order... and this happened for 5 years..
+
+Just goes to show how dedicated firms like Goldman Sachs truly are to the smallest of details, you know? Great f*cking work, guys.
+
+By the way, I have to show one of Goldman's short sale indicator violations... It's too good to pass up.
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/5iuhlkcjfk171.png?width=1082&format=png&auto=webp&s=f4e2fa1f106e78b9d282b60c3cee9944e919ea82)](https://preview.redd.it/5iuhlkcjfk171.png?width=1082&format=png&auto=webp&s=f4e2fa1f106e78b9d282b60c3cee9944e919ea82)
+
+At some point, you just have to laugh at these ass clowns... I mean seriously... one violation for a 4 year period involving over 380,000,000 short interest positions... they have plenty of other short interest violations, I just laughed at how the magnitude of this one was summarized by FINRA with 10 lines and roughly 4 minutes... whoever wrote that one must have been late for lunch..
+
+The last thing I'd like to note here is the way in which short sellers use options to "cover" their positions. Wes gave a great overview of this in the AMA *(starting at 6:25)*. Basically, one group will buy puts and another group buys calls. This creates a synthetic share that is only provided if the option is activated. Regardless, short sellers will use that synthetic share to cover their short position and the regulators actually accept it...
+
+However, as Wes points out, most of those options expire without being activated which means the share is never delivered. This expiration can be set months down the road and allows the short seller to keep kicking the can.
+
+I doubt I need to say this, but we all remember the wild options activity that was happening shortly after GameStop spiked in January. [u/HeyItsPixel](https://www.reddit.com/u/HeyItsPixel/) was one of the first to point this out. While a lot of that activity was on the retail front, I suspect a lot of it was done by short sellers to cover those positions.
+
+____________________________________________________________________________________________________________
+
+5. Hedgies are f*cked...
+
+I'm officially +20 pages deep and there's still so much I'd like to say. It's best saved for another time and another post, I suppose. So I guess I'll wrap all of this up with some of the best news I can possibly provide...
+
+It all started with a [73 page PDF](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) that was published in 2005 by a silverback named John D. Finnerty.
+
+John was a Professor of Finance at Fordham University when he published *"short selling, death spiral convertibles, and the profitability of stock manipulation"*. The document is loaded with sh*t that's incredibly relevant today, especially when it comes to naked short selling. He dives into the exact formula that short sellers use, which is far beyond what my wrinkled brain can interpret, alone...
+
+..However, when firms are naked shorting a company with the goal of bankrupting them, they leave footprints which are only explained by this event. The proof is in the pudding, so to speak..
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/ax7u0r4wfk171.jpg?width=1072&format=pjpg&auto=webp&s=1828755bfe49c47ca178d960f91dfd21d8b0d680)](https://preview.redd.it/ax7u0r4wfk171.jpg?width=1072&format=pjpg&auto=webp&s=1828755bfe49c47ca178d960f91dfd21d8b0d680)
+
+Any of this sound familiar??
+
+*"The manipulator can not drive the share price close to zero unless he can naked short an extraordinary number of shares...* *this form of manipulation would result in... unusually heavy trading volume, and unusually large and persistent fails to deliver at the NSCC".*
+
+Anyone else remember the volume in GME during the run-up in January? The total volume traded between 1/31/2021 and 2/5/2021 was 1,508,793,439 shares, or an average daily trade volume of 88,752,555 shares. On 1/22/2021, the volume reached 197,157,946... that's roughly 3x the number of shares that exist..
+
+if this doesn't sound like unusual volume then I'm not sure what is. Furthermore, the FTD report on GameStop was through the roof during this time:
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/brz98nbzfk171.jpg?width=1625&format=pjpg&auto=webp&s=83ae877853acd2ec65fa73f57216f00b708a7eab)](https://preview.redd.it/brz98nbzfk171.jpg?width=1625&format=pjpg&auto=webp&s=83ae877853acd2ec65fa73f57216f00b708a7eab)
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/zlla3ak0gk171.jpg?width=1038&format=pjpg&auto=webp&s=c5d4a1331f8c9d97b5338cc55a37310a95c9559b)](https://preview.redd.it/zlla3ak0gk171.jpg?width=1038&format=pjpg&auto=webp&s=c5d4a1331f8c9d97b5338cc55a37310a95c9559b)
+
+Notice the statement where the manipulator will be relieved of its obligation to cover IF the firm's shares are cancelled in bankruptcy? Did you happen to see footnotes 65 & 66 in the first screenshot of his PDF? It references a company that he used for his analysis...
+
+[![r/Superstonk - House of Cards - Part 3](https://preview.redd.it/zdp3at43gk171.jpg?width=997&format=pjpg&auto=webp&s=8508c9d0c869544f0ccd3a15477abfd64d38897c)](https://preview.redd.it/zdp3at43gk171.jpg?width=997&format=pjpg&auto=webp&s=8508c9d0c869544f0ccd3a15477abfd64d38897c)
+
+Charter Communications had a whopping 241.8% short float in 2005... The ONLY way the manipulator could have escaped this was by bankrupting the company and relieving the obligation to repurchase those shares...
+
+Guess what happened to Charter? They filed for [bankruptcy](https://abcnews.go.com/Business/story?id=7189668&page=1) in 2009...
+
+However, unlike John's example where naked short sellers were driving down the price without opposition, GameStop had extremely high demand from retail investors to counter this activity. As I have discussed with Dr. T and Carl Hagberg, the run-up in volume during January and February was largely conducted by naked short sellers in an attempt to suppress the share price. As I have shown in the example with Goldman Sachs, firms will short sell during a buy-in for the same exact reason. To stabilize the price, you must stabilize supply and demand.
+
+...You know what Charter didn't have?
+
+AN ARMY OF APES TO HODL THE STONK
+
+DIAMOND. F*CKING. HANDS

00-Getting-Started/House-of-Cards-by-atobitt/2021-05-27-House-of-Cards-Parts-I-II-and-III-PDF.md

@@ -1,9 +1,9 @@
 A House of Cards parts I, II, & III in PDF
 ==========================================
 
-| Author      | Source | 
-|  :----:     |    :----:   |        
-| [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) |
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) | 
 
 ---
 
@@ -12,3 +12,9 @@ A House of Cards parts I, II, & III in PDF
 <https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf>
 
 BIIIIIIGGGG shoutout to [u/Softlykile2](https://www.reddit.com/u/Softlykile2/) for providing the link and [u/jupitair](https://www.reddit.com/u/jupitair/) for the post. Go forth and share across all of the interwebs. Let every boomer-ape absorb this information through a traditional & newspapery medium.
+
+---
+
+**Alternative PDF Location in case PDFHost is Down posted by [u/Meticulous-](https://www.reddit.com/user/Meticulous-/)**
+
+[House-of-Cards-by-atobitt.pdf](https://github.com/verymeticulous/wikAPEdia/files/6721578/House-of-Cards-by-atobitt.pdf)

AMAs/Lucy-Komisar-AMA/Part-I/2021-05-24-Lucy-Komisar-AMA-Powerpoint-and-Partial-Script.md

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

Brokers/TD-Ameritrade/2021-05-25-IEX-Direct-Routing.md

@@ -0,0 +1,12 @@
+IEX DIRECT ROUTING WITH TDA: Client Services > My Profile: 1) Enable Direct Routing 2) Routing, Select IEX
+==========================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/candilox](https://www.reddit.com/user/candilox/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkt7ie/iex_direct_routing_with_tda_client_services_my/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[![r/Superstonk - IEX DIRECT ROUTING WITH TDA: Client Services > My Profile: 1) Enable Direct Routing 2) Routing, Select IEX](https://preview.redd.it/48ho80rwha171.jpg?width=640&crop=smart&auto=webp&s=9bf1ab5bef14eac65a0aed7be7fa3329ee13e868)](https://i.redd.it/48ho80rwha171.jpg)

Brokers/eToro/2021-05-23-Preparing-Your-eToro-Account-for-the-Incoming-MOASS.md

@@ -0,0 +1,66 @@
+Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!
+======================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dutchie_PC](https://www.reddit.com/user/Dutchie_PC/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nj4knk/preparing_your_etoro_account_for_the_incoming/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Good morning EuroApes, good morning BritApes, good morning international Apes!
+
+As your self-appointed patron saint of *les miserables* confined to trading on eToro, I present you this five-step checklist to make sure your eToro Account is all set for our trip to Tendietown. Please note that I am not a financial advisor, and none of this should be interpreted as financial advice.
+
+Get your favourite crayons to snack on, put your intelligent face on, and let's GO!
+
+1\. Two-Factor Auth
+
+[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/12ndcti5bu071.png?width=650&format=png&auto=webp&s=61369a9f04c75169f007cf5ef1559e75c7346211)](https://preview.redd.it/12ndcti5bu071.png?width=650&format=png&auto=webp&s=61369a9f04c75169f007cf5ef1559e75c7346211)
+
+We all hate 2FA, I know. Just like cookies, they take the fun out of the internet. But please turn it on - you don't want to be caught locked out of your own account right after the rocket took off. Sounds paranoid? You bet! There's a lot at stake here, you *should* be paranoid.
+
+Go to settings, then to Account, then to Two Factor Authentication.
+
+2\. Private Profile
+
+[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/o1ngj80jbu071.png?width=650&format=png&auto=webp&s=311125d5f80b36caddc91bfdc3abb4815b9aa66c)](https://preview.redd.it/o1ngj80jbu071.png?width=650&format=png&auto=webp&s=311125d5f80b36caddc91bfdc3abb4815b9aa66c)
+
+People with private profiles inserting themselves in eToro discussions are frowned upon. Well, fuck that. You don't need eToro's poorly-moderated community posts: Superstonk is your home! Protect your identity ahead of the MOAS(S), set your profile to private.
+
+Go to settings, then to Privacy, and uncheck the two boxes for Public Account and Full name.
+
+3\. Your Account Manager
+
+[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/usdyyfu9cu071.png?width=650&format=png&auto=webp&s=f3a61b03b4b7e82de0ece3b84ed021b67839795d)](https://preview.redd.it/usdyyfu9cu071.png?width=650&format=png&auto=webp&s=f3a61b03b4b7e82de0ece3b84ed021b67839795d)
+
+Now, I am not sure whether everyone has access to an Account Manager. I think this is tied to how much $€£ you're working with. But if you *do* have access to this feature, go ahead and introduce yourself. They respond quicker than Customer Support.
+
+For this you need to visit Club Dashboard, which you should find above 'Invite Friends'.
+
+4\. Keep records
+
+[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/milmz6pscu071.png?width=650&format=png&auto=webp&s=ebe07b2991deff103a2c60598fbe57cae2abfc55)](https://preview.redd.it/milmz6pscu071.png?width=650&format=png&auto=webp&s=ebe07b2991deff103a2c60598fbe57cae2abfc55)
+
+I don't trust any broker, and neither should you. Again, there's a lot at stake here. Fuckery may be afoot. Screenshots are good, but Account Statements are better. Download these regularly, you might need those docs one day. No need to read them: Just download, back up, done.
+
+Go to settings, then to Account, scroll down to Account Statement, click View, fill out the dates.
+
+(*Tip: I do this once a week, and my start date is always 24.01.2021, the day before I first bought GME)*
+
+5\. No SL/TP!
+
+[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/qepra21ddu071.png?width=650&format=png&auto=webp&s=49dc924d7e03789ff303569d6fd094f7afea3d34)](https://preview.redd.it/qepra21ddu071.png?width=650&format=png&auto=webp&s=49dc924d7e03789ff303569d6fd094f7afea3d34)
+
+You didn't think your clogs-wearing Ape would sign off without emphasising the most important, did you? Check every single position, including That Movie Stock if you hold any, and be sure Stop Loss and Take Profit are turned OFF. Not zero, not 1000%. OFF!
+
+Go to your portfolio, click on the name of a stock or the little gear, check your settings.
+
+--
+
+Alright Apies, I hope this little guide serves you well. Let me know if you have any questions, and please do call me out when I missed something. Remember the MOAS could start tomorrow, on the 10th of June, or in a couple of months. No matter what, hedgies are fukt and shorts must be covered.
+
+Keep the faith, buy and hodl, think of an exit strategy when you are selling on the way down. I will now tend to my tulips and I wish you all a wonderful Sunday.
+
+APES TOGETHER...!!

Confirmation-Bias-and-Discussion/2021-05-19-Theory-The-SLGG-Merger-is-Happening-Potentitally-Launching-MOASS.md

@@ -0,0 +1,112 @@
+Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)
+=====================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/pepsodont](https://www.reddit.com/user/pepsodont/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngdwjj/theory_the_slgg_merger_is_happening_its_a_moass/) | 
+
+---
+
+[Opinion 👽](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&restrict_sr=1)
+
+I think it might be apparent from my posts now that I'm not wrinkle-brained in financials, chart reading and other ~~boring~~ important stuff but I like finding patterns. I've been working as a psychologist and a marketer for a long time, so believe me when I tell you there's a lot to be uncovered by understanding behavior patterns or just patterns of things that look unrelated, but really aren't.
+
+Some people call it far-reaching, tinfoil, confirmation bias, whatever - but check my post history and you'll see I've been more right than wrong.
+
+As one of the veteran apes wrote in a comment in here once: "One weird thing happening is a coincidence, two is enemy action".
+
+So with that in mind, let's check out why I think this is a pattern (not a coincidence) which is pointing into Gamestop merging with SLGG after all. Yes, even after we forgot about it because we thought it was a nothingburger.
+
+Once again - this is a "tinfoil" theorycrafting. Don't go into comments telling me that, I KNOW. Get in here to get your tits jacked and drink up on confirmation bias. Alright, retards?
+
+1\. Gamestop changing its logo
+
+Today, apes started reporting Gamestop changing its logo from "Gamestop" to just "GS" on WeBull. We also saw a changed logo on their astronaut tweet.
+
+[![r/Superstonk - Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)](https://preview.redd.it/rt1hpjcyo5071.png?width=591&format=png&auto=webp&s=b62b363068dbe4a36e486f62cfa77e83dffec0b1)](https://preview.redd.it/rt1hpjcyo5071.png?width=591&format=png&auto=webp&s=b62b363068dbe4a36e486f62cfa77e83dffec0b1)
+
+There's no reason to do it unless you're planning on changing that logo - if they wanted it shorter, they could've gone for "GME" which is standard and everybody knows it.
+
+Conclusion: It looks like Gamestop is signaling a logo change. When do you usually change a company's logo? When the company goes through a transformation, maybe a merger.
+
+2\. The astronaut is drinking Carlsberg beer which underwent a notable merger recently
+
+We thought that the Carlsberg beer was a nod to our AMA with Carl Hagberg, but was it really?
+
+Just google "Carlsberg" and "merge" - [one of the biggest merges in the last year](https://www.bighospitality.co.uk/Article/2020/10/30/Carlsberg-and-Marston-s-merger-completes) with Marston's taking a smaller position of 40% despite their much more superior valuation with difference in 380 million of british pounds.
+
+3\. A merger would put GME shares on the moon, it's a fucking launch button
+
+If you don't know, I'll tell you something juicy. If, theoretically, Gamestop were to merge with another entity (RC Ventures, SLGG) and decided on changing their name even slightly, they would get a new stock market ticker.
+
+That would initiate a mother of all share recalls since ALL the issued shares would have to be taken in for ~~questioning about Kenny's mayo habits~~ a reissuance - which means all the lent shares would be requested back and the naked ones would have to be bought at market price. That would initiate the MOASS.
+
+4\. Gamestop has a brand new official esports Twitter page
+
+If you create an esports Twitter page, you probably want to start dabbling in esports, right? But damn, it's fucking hard for a transforming company to just start an esports division on their own from scratch, where would they even begin? They didn't even hire key managers for this, so how are they gonna navigate through these salty waters?
+
+Well, the industry standard for companies who want to enter a new market and have cash is to simply BUY A COMPANY THAT SPECIALIZES IN THAT MARKET.
+
+Boy, would it be fortunate if such a company was aro....oh fuck me Ryan, where exactly were you a few weeks ago?
+
+5\. RC was near SLGG HQ and he tweeted about it
+
+[![r/Superstonk - Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)](https://preview.redd.it/o9lwxqvcp5071.png?width=1507&format=png&auto=webp&s=f08bd9a69f46f5094c7a85985d2c316db526603a)](https://preview.redd.it/o9lwxqvcp5071.png?width=1507&format=png&auto=webp&s=f08bd9a69f46f5094c7a85985d2c316db526603a)
+
+Why would you pinpoint where you are Ryan?
+
+[![r/Superstonk - Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)](https://preview.redd.it/puf08k8fp5071.png?width=967&format=png&auto=webp&s=77f5e8eac8974c2b6d58f82e5dfd08a480b4e737)](https://preview.redd.it/puf08k8fp5071.png?width=967&format=png&auto=webp&s=77f5e8eac8974c2b6d58f82e5dfd08a480b4e737)
+
+Oh that's why!
+
+6\. RC tweeted an ice-cream and a frog pointing at Ann Hand, CEO of SLGG
+
+[![r/Superstonk - Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)](https://preview.redd.it/yvw3kl3ip5071.png?width=603&format=png&auto=webp&s=bd5b09f8fcc79eca28bbe14cbe22cc5938bd9a36)](https://preview.redd.it/yvw3kl3ip5071.png?width=603&format=png&auto=webp&s=bd5b09f8fcc79eca28bbe14cbe22cc5938bd9a36)
+
+I was there, 3000 years ago...
+
+Yeah, the famous ice-cream and a frog tweet. I don't think any of the theories as of to its significance paid off so let me offer one of the less popular ones.
+
+Check out where did Ann Hand, the CEO of SLGG work before.
+
+[![r/Superstonk - Theory: The SLGG merger IS happening, it's a MOASS launching button and RC has been pointing it out for a long time (TODAY AS WELL ♥)](https://preview.redd.it/7swu9s1pp5071.png?width=796&format=png&auto=webp&s=3d421bcdf96bf5f2ca0faeb564c0f6ba0ad82088)](https://preview.redd.it/7swu9s1pp5071.png?width=796&format=png&auto=webp&s=3d421bcdf96bf5f2ca0faeb564c0f6ba0ad82088)
+
+Coincidences, huh?
+
+7\. He tweeted "love" recently and a heart / love today (probably completely wrong, check EDIT)
+
+Why repeat the same sentiment Ryan? What's so important about love? Are you just sending positive vibes our way? You never did this before, why would you start now, without reason?
+
+My personal opinion on this is that the grandma tweet didn't work the way he wanted to - maybe it was a funny coincidence it worked so well with lyrics saying hold me hold me squeeze me or maybe he didn't realize. After all, he never tried decrypting his tweets in song lyrics so I don't think it was intentional.
+
+Did you guys realize how fast this tweet came? It's almost like "yeah, but I wanted to tell you something else".
+
+By going with that theory - what does "love" usually mean? Love, sex, all that stuff - isn't it a merger between 2 people usually? Hmmm? HMMMMMMM?
+
+I know many people will say "tinfoil", "far-reaching", "reaching", "speculating", blahblah, miss me with that noise. No shit this is a speculation, there's nothing else to do with it.
+
+But that's how investigation works. You create a hypothesis, a theory and later you'll see if you were right or not. For me personally, these things are adding up too nicely for them to be "just coincidences" or "glitches" or shit.
+
+No, this is a pattern.
+
+Could I be wrong? Most likely. But it's the best we got imo. Have fun jacking them tits to this motherload of confirmation bias! 🚀🚀🚀🚀🚀🚀
+
+*- Jacques Le Titz*
+
+EDIT: It came into my attention that the heart ❤️ tweet would be much simpler to explain with "hedgies are on their last life". I'm a big fan of Occam's Razor, so I'm going to go with it - the grandma tweet has therefore been decrypted nicely and "love" isn't the concept he's going for!
+
+I also like the theory it's a < and 3, which means "less than 3" weeks to the meeting. Theorycrafting is fun!
+
+EDIT 2: Ugh, because I probably should've seen it coming - no people, I'm not encouraging anyone to buy SLGG. The only position I have is GME, because that's the only play.
+
+But if you want to I mean, sure, I'm pumping it and then dumping with a fucking tinfoil hat theory, Jesus. I have the dump button right before me and it's big and red (that's what she said). SMH
+
+EDIT 3 because of course: Guys, please, be careful about buying SLGG. People are already going apeshit (haha) on me that this is a pump and dump post since Citadel is long on SLGG.
+
+That fact alone doesn't mean anything since Shitadel is long on thousands of stocks and they could expect GME to do exactly what I've been saying and maybe they want to block them by voting against or they wanna ride the wave, I don't know. Nobody knows. Just...fuck other stocks except GME okay?
+
+It's also up by 15% or so AH so yay for the power of Superstonk I guess?
+
+EDIT 4: No I don't have a damn clue what's going on with the All Seeing Awards. Maybe DFV's mouse button got stuck and he needs help with the mouse since he's not a cat?
+
+EDIT 5: For those who STILL don't believe this is an organic post, here are the screenshots ( <https://i.imgur.com/naiRTJP.png> and <https://i.imgur.com/f3CEioL.png> ) of how the idea originated in our private Discord and that should be the end of it or I swear to Wendy's tendies I will turn into a vibrator from so much shaking of my head.

Confirmation-Bias-and-Discussion/2021-05-22-Every-Apes-Gets-Paid.md

@@ -0,0 +1,42 @@
+Every ape gets paid. A look at the numbers.
+===========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Themeloncalling](https://www.reddit.com/user/Themeloncalling/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nihl31/every_ape_gets_paid_a_look_at_the_numbers/) | 
+
+---
+
+[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)
+
+TL;DR: Apes can get tendies. No doomsday for world economy. Ook ook. 🚀 🚀 🚀
+
+Who pays the apes?
+
+Let's take a look at the chain of failures. Short hedgies go broke trying to pay the apes with shares. Their positions are transferred to their creditors, the big banks. What happens when they don't have enough money? They go to the lender of last resort, in this case, the Federal Reserve. Here's a video on it:
+
+<https://www.youtube.com/watch?v=Tb4Dkf5puJg>
+
+The last time this happened was in 2008, when among others, AIG latched onto the Federal tit for a massive bailout and later paid hundreds of millions in bonuses to the very department that triggered the bailout. Seriously, this happened: <https://en.wikipedia.org/wiki/AIG_bonus_payments_controversy>
+
+If any of you XX or higher shareholders out there are holding past $218 million in payouts as a symbolic gesture, just remember, you deserve it more than AIG. Anyone who says otherwise can go play leapfrog with unicorns.
+
+How much will the Fed need to print?
+
+According to this DD on Geometric Mean: <https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/>
+
+Around 5 trillion dollars at the $20 million a share range, averaged out for paper hands along the way. Assuming that 20% of the ownership is outside of America, that leaves 4 trillion going into the domestic economy. But wait! Taxes. 2 trillion goes to apes, 2 trillion goes to the treasury. If I was the ruling party, 2 trillion dollars with no strings attached to advance my party's interests would be pretty sweet, another reason why doing nothing is the best approach. The budgetary spending for 2020 was 4.79 trillion dollars. This windfall would be worth around 41.8% of their budget. Imagine if the government was an average person, 41.8% of what they spend for the year is a small jackpot but not life changing. It is definitely not enough to be considered hyperinflation. Assuming that 80% of this subreddit is American shareholders, this works out to be 240,000 shareholders / 331 million people = 0.0725% of the population. Spreading the payout around such a small group of people will not have a huge effect on the consumer price index or put a lot of pressure on demand, unless you are considering fringe categories like Lambos and McLarens.
+
+Won't all this money ruin the economy?
+
+NO! According to the Fed data gathered by Forbes, the top 1% of Americans have a combined net worth of 34.2 trillion dollars: <https://www.forbes.com/sites/tommybeer/2020/10/08/top-1-of-us-households-hold-15-times-more-wealth-than-bottom-50-combined/?sh=5b0c5c835179>
+
+The top 1% own 43% of the world's wealth, totaling over 173.3 trillion dollars in 2019: <https://inequality.org/facts/global-inequality/>
+
+With the geometric mean, the top 1% of wealth in America will increase by 5.8%. On a global scale, 3 trillion dollars after taxes is a 1.7% increase. The payout will register a small blip, and those who paper hand early may not even make the cut for the top 1%. What does this conclude? Fears of an ape payout causing hyperinflation is FUD. The payout causing global hyperinflation or massive distortion of the world's wealth is FUD. Don't hold for a number that seems big to you. Hold for a number that seems big to THEM. Even if the number of diamond hands doubles or triples, 9 trillion dollars after taxes is a small ripple in the global supply of wealth. Let's hope some of you apes will know how to create a positive butterfly effect with your tendies.
+
+Edit: [u/Allohn](https://www.reddit.com/u/Allohn/) pointed out this DD here has a more correct Apeish number of 60 trillion:
+
+<https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric_mean_exponential_increase_and_gme_price/?utm_medium=android_app&utm_source=share>
+
+How does that change the overall picture? 25 trillion taxes, 25 trillion to apes, 10 trillion abroad. Net impact of 35 trillion. 20.2% increase in the top 1% of worldwide wealth with ultimate diamond hands. Still not enough to pay off the national debt of 28 trillion and counting. Seeing as how M2 is no longer counted, and the true number of shares to be paid out is unknown, I wonder if they can sweep this much money under the rug. Only one way to find out!

Confirmation-Bias-and-Discussion/2021-05-23-Crypto-Market-Liquidated-Over-One-Trillion-Dollars-since-May.md

@@ -0,0 +1,42 @@
+According to TradingView.com, Crypto market has liquidated over $1,000,000,000,000 USD since May. The price of GME has no limit.
+================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/KFC_just](https://www.reddit.com/user/KFC_just/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nj5beh/according_to_tradingviewcom_crypto_market_has/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+TL;DR: Pretty picture show hedgies r fukt.
+
+[![r/Superstonk - According to TradingView.com, Crypto market has liquidated over $1,000,000,000,000 USD since May. The price of GME has no limit.](https://preview.redd.it/vvr25m60ku071.png?width=2048&format=png&auto=webp&s=0eb9c9f529beb404146c59563a9efc161919386f)](https://preview.redd.it/vvr25m60ku071.png?width=2048&format=png&auto=webp&s=0eb9c9f529beb404146c59563a9efc161919386f)
+
+1Trillion gone from Crypto since May 2021
+
+So i have seen several posts debating firstly the potential size of the collective payout that is going to come for GME, and secondly what the maximum price that will actually be paid for GME is likely to be.
+
+While everything is a hypothetical until it happens, and I am by no means a maths guy, I submit that the evidence of massive liquidations of the crypto currency market which we strongly think is being cyclically pumped and dumped to raise cash for Citadel and co, I submit that the grand total of 1 Trillion dollars so far just on crypto means that we control the price.
+
+There are of course the usual caveats that not all of this is GME related, or Citadel related, but involve every other possible reason in addition for every other player involved, preparations for Atobitt to release HOC 2 and 3 and trigger the liquidity crisis, and yada tada yada you get the point.
+
+But, caveats aside, the fact that 1 Trillion dollars has already been pulled out of just one sector of the market in preparation should be sufficient to jack your tits.
+
+Every single share of Gamestop both real and synthetic, in market, in dark pools, in ETFs, in options and calls and puts and shorts and everything else under the sun, every single one of them already has a designated owner before this started. Remember that. Before apes began mass buying and holding every single share was already owned. And now they're all "owned" many times over. What fun.
+
+This is why they cheated and lied and stole and counterfeited more shares than could ever exist in this company. This is why it is impossible for them to close their positions. This is why they are collectively collecting 1 Trillion dollars just to start with.
+
+Because every single paper handed bitch in the world selling low couldnt possibly change this maths now that so many synthetic shares are due. Every single share, real and synthetic, must be purchased at whatever price is available. And as the paper hands leave, and shares concentrate in the diamond hands of the apes, the price to buy increases exponentially.
+
+All shorts must cover
+
+This is why you are going to win.
+
+Edit: [Link to TradingView source](https://www.tradingview.com/markets/cryptocurrencies/global-charts/) damn watching that go down in real time across the whole crypto, rather than any particular stock is quite the sight.
+
+Edit 2 shills got to pump it
+
+[![r/Superstonk - According to TradingView.com, Crypto market has liquidated over $1,000,000,000,000 USD since May. The price of GME has no limit.](https://preview.redd.it/hywxgvkqrx071.png?width=2048&format=png&auto=webp&s=1cc378aeff2e99171575895b61a1dfe1c4de4655)](https://preview.redd.it/hywxgvkqrx071.png?width=2048&format=png&auto=webp&s=1cc378aeff2e99171575895b61a1dfe1c4de4655)
+
+Headline 1: Bitcoin tumbles 50%. Headline 2: Buy now you fool. Transparent much

Confirmation-Bias-and-Discussion/2021-06-11-GME-Dates-and-End-Game-Predictions.md

@@ -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&utm_medium=ios_app&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&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&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&utm_medium=ios_app&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&utm_medium=usertext&utm_name=stocks&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&utm_medium=ios_app&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&utm_medium=ios_app&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&utm_medium=ios_app&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&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&utm_medium=ios_app&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.

Confirmation-Bias-and-Discussion/2021-06-12-Analysis-of-Ryan-Cohens-Tweet-Activity-and-T+21-Dates.md

@@ -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!

Confirmation-Bias-and-Discussion/2021-06-14-FINRA-Short-Interest-Reporting-Suggests-Hedge-Funds-are-Giving-Up.md

@@ -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
+
+[![r/Superstonk - FINRA short interest reporting: The current price action is anomalous](https://preview.redd.it/s4fo6knrx9571.png?width=1866&format=png&auto=webp&s=57f1a9e5effe14f1d14ef0e4e0b5c3ad77085d51)](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.

Confirmation-Bias-and-Discussion/2021-06-15-Death-by-1000-Cuts-and-Shorting-Hedge-Funds-just-Received-their-999th-Cut.md

@@ -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....
+
+[![r/Superstonk - In death by 1000 cuts, SHF just received their 999 cut](https://preview.redd.it/g49n3z9peh571.png?width=1866&format=png&auto=webp&s=45312c14e7656455d6791d0e765be717c4eed00e)](https://preview.redd.it/g49n3z9peh571.png?width=1866&format=png&auto=webp&s=45312c14e7656455d6791d0e765be717c4eed00e)
+
+Pretty pictures
+
+[![r/Superstonk - In death by 1000 cuts, SHF just received their 999 cut](https://preview.redd.it/zlu198bxvh571.png?width=308&format=png&auto=webp&s=b1b91ba7bd00b5f164716d4d5390fd666b18dd7b)](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:
+
+[![r/Superstonk - In death by 1000 cuts, SHF just received their 999 cut](https://preview.redd.it/evzz891m7h571.png?width=1298&format=png&auto=webp&s=e1385a64ef72920fb447d91a2019252dd8244008)](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!

Confirmation-Bias-and-Discussion/2021-06-21-GME-Banks-The-Movie-Stock-and-Elliot-Waves.md

@@ -0,0 +1,100 @@
+GME, Banks Falling Off a Cliff, The Movie Stock, Elliot Waves, WUT Mean For This Week? 🚀
+=========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/possibly6](https://www.reddit.com/user/possibly6/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o4jxb3/gme_banks_falling_off_a_cliff_the_movie_stock/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Sup Apes
+
+Elliot waves guy here doing my best to give you your daily dose of confirmation bias before the market opens!
+
+Not financial advice, I do unimaginable things with the crayons I get when I ask for a kid's menu at restaurants.
+
+NON NEGOTIABLE: PLAY THIS AS YOU READ (This song slowly builds, idk the vibes feel right <https://www.youtube.com/watch?v=bvBfiRWLj_0>)
+
+HAPPY FUCKING FATHERS DAY TO ALL YOU PAPA SILVERBACKS OUT THERE!!! If you're drunk from the day's festivities, this read will be even better.
+
+This might be a shorter post, I don't have too much to say as of yet other than I'm FUCKING JACKED 🚀
+
+First off, I'm sure you all have seen the posts regarding bank stocks following and how we can potentially use that as a predictive indicator in terms of GME stock price. Great work here if you missed the post: <https://www.reddit.com/r/Superstonk/comments/o42bfm/big_banks_lost_a_lot_of_value_on_january_14th_but/>
+
+Let's take a look at the banks last week:
+
+[OOOOF](https://preview.redd.it/vqt6zzy8ji671.png?width=2802&format=png&auto=webp&s=0e482ac603a8601e6d2988e8ac7e1475473c5140)
+
+This might be one of my favorite screenshots of all time. Let's take a look at the banks back in the middle of january and see if that had any correlation to GME goin bananas at the end of January.
+
+[death to big banks](https://preview.redd.it/eb9h44rgji671.png?width=2806&format=png&auto=webp&s=d45dcd5616c6db3ab3d85698ad1f65b9c31dc424)
+
+Given that GME's run peaked in the end of January, the conclusions that I draw from that are the banks hit a low around GME's peak. Granted, there were many outside factors at play back then, so this is all speculative. However, Let's look at GME in january now, pay close attention to the dates on the bottom and compare those to the banks above:
+
+[squeeze for ants](https://preview.redd.it/jg73y59tji671.png?width=2770&format=png&auto=webp&s=0af347858b726f3fe3104a2339cd794cc2412543)
+
+just from eyeballing, we can see that the banks seem to find their "bottom" as GME begins to lift off. Does this mean the banks will go to zero before GME squeezes? absolutely not, please don't think that will be the case. HOWEVER, we can assume that the financial sector and GME have some sort of inverse relationship, simply based on the erratic price action between the pairs.
+
+This time around, I'm expecting banks to continue to fall as GME rises. Can't halt buying this time around!
+
+I haven't charted out the bank stocks because frankly I don't really care, I want the major banks at 0 personally, wouldn't pay a penny more to hold that garbage (all my homies hate the financials sector)
+
+Alright, so we can *seemingly* use the falling stock price of banks as a predictive indicator for upwards GME price action. Do note, I didn't conduct any significance tests or anything, this is all simply from comparing candle charts and looking for similarities/differences.
+
+Speaking of comparing candle charts, something super interesting was brought to my attention in a group discussion, big shoutout to [u/roman_axt](https://www.reddit.com/u/roman_axt/) for the hard work you ultra wrinkly brained primate. Below are images of GME and the movie company, courtesy of [u/roman_axt](https://www.reddit.com/u/roman_axt/) as the arrows are drawn so the smoothest of brains can interpret what tf is going on. Do note, these are from about a week ago, so not all candles are up to date (if it even matters)
+
+[movie company](https://preview.redd.it/k6na9x1ali671.png?width=1642&format=png&auto=webp&s=b76c79799b8653e2f7a1abd4519511f3ec4de0d9)
+
+[GME](https://preview.redd.it/vsbpkxlqli671.png?width=1652&format=png&auto=webp&s=968f2fdef4407b30ca589c9c7b6ad887dec9fc4e)
+
+The reason I bring this up is because some of my friends in the trading world (that only trade off price action mind you, they don't really understand the whole GME saga) noticed this as well. It APPEARS that the movie company and GME not only move in a somewhat similar/predictable pattern, but GME seems to be lagging behind by about 2 or so weeks. Do note, this is just an approximation from eyeballing, please take this all with a grain of salt and remember I am retarded.
+
+Here is a view sent to me by one of my good friends who noticed the same fishiness occurring (from mobile thinkorswim):
+
+[moveee stonk](https://preview.redd.it/uq7aosflmi671.png?width=457&format=png&auto=webp&s=a068716cd483c2b6793e4d54d98ed2e1f852c613)
+
+[gAmEsToNk](https://preview.redd.it/1xw8lktmmi671.png?width=457&format=png&auto=webp&s=ad27d18e0a9739aa32ec178e69b29a6a39f9dc4f)
+
+now what REALLY has me jacked is the pattern lines up from a few weeks ago, when the movie stock was trading for sub $16/share. It then ran to upwards of 70+. I was able to predict the movie stock's relative high's and low's using EW as well, which I've gotta say is actually super exciting. I own none, BUT it worked on a seemingly "impossible" to time stock. Idk about you, but I don't believe in coincidences.
+
+Disclaimer, I hodl ZERO of the movie stock, I have always believed it was a distraction. the fact that the media is talking about it should tell you enough.
+
+Now let's tie this assumption into my GME elliot waves analysis, try not to get too jacked:
+
+[4hr](https://preview.redd.it/04006jafni671.png?width=2812&format=png&auto=webp&s=eb668952f63ba29226abd0855cbecd476b479466)
+
+As stated time and time again, we are in a 3 within a 3 within a 3, which is quite literally an elliot wave trader's wet dream. This setup is valid down to about 113, so I wouldn't worry about "is the structure still valid?" yes. yes it is.
+
+This is literally as bullish a setup you can get, all we need is a match to light the fuse. Our cycle 3 (white line) is targeting at the MINIMUM 440, though I would love to see the 1.618:1 ratio hit, as is most common for wave 3. This puts GME at roughly 582, though remember this is all pre squeeze.
+
+As always, the motto is simple. Buy hodl, sell for life changing money (not no 10k/share bullshit, 8 figures/share is life changing in my eyes, and that's just my floor).
+
+I'm not saying we will break into the 400+ range this week by any means, but man the stars are aligning for some crazy shit to go down. I'm fookin jacked m8.
+
+Lastly, let's take a look at SPY and the VIX, as we can use each as a tool to gauge not only sentiment, but potential fuckery before it happens. In my post regarding the SP500 and GME, I brought up how In the January squeeze, SPY took a fucking HIT as GME broke into the hundreds for the first time ever. Here's my view of SPY:
+
+[4hr](https://preview.redd.it/tg53oi4ioi671.png?width=2830&format=png&auto=webp&s=fb523f927bed85a65d2e1a43b2b000295e84d8bf)
+
+NGL, SPY is kind of in no man's land right now. I'll have to see how we open to have a better idea of where it's going. By all means this COULD be the beginning of our long awaited bear market, but it could very well form an impulsive wave 1 to the upside to make for a final push to around 430 before shit hits the fan
+
+My OWN PERSONAL THESIS is that we will see the markets pumped to valhalla 1 last time to try and draw as many "suckers" in so wall street can offload the bag at the peak. Put yourself in their shoes, seems like a logical play to strike fear into everyone, then prop the markets up a bit longer to make everyone think its okay, then proceed to dump the bag on them
+
+Lastly, the VIX, the fear/volatility indicator:
+
+[VIX](https://preview.redd.it/58x900k3pi671.png?width=2802&format=png&auto=webp&s=5ee14be1a71b82ca0ab2cde627b5e47467dad7f5)
+
+Finished up 16% on friday? spicy. In one of my posts I mentioned how we can use the VIX to gauge when GME will potentially do something erratic. just compare the spikes of the VIX and GME, you'll see there's at least some correlation there. I mean shit, end of january? Clear as kenny's "for sale" sign on his marked down penthouse that he suddenly is in a rush to sell. wonder why? (I think it sold actually lol, even funnier).
+
+I'm preparing for the best while always expecting the worst. I'm never disappointed this way and always excited, 10/10 would recommend.
+
+June 30 is the end of the grace period for banks, worth noting. I'm expecting the VIX to FLY when that happens, though again, pure speculation.
+
+TLDR: worth the read. Banks falling is a potential indicator that GME will do some crazy shit, GME also *appears* to be lagging behind the movie stock. That part is pure speculation, but speculation is part of the fun part no? (Sorry the song doesn't fit perfectly, you'd be surprised how much time i spend trying to link a fitting song lol. as long as you're jacked, i consider this a job well done)
+
+Now Imma go get high af so I'm well rested for MONDAY🚀 🚀 🚀
+
+edit: funny story cause y'all are fam, I went to the porsche dealer yesterday to test drive my post-moass whip, and the salesman googled me before I came in to make sure I wasn't some degenerate looking to crash their pristine GT4. I get there, and the salesman said he googled me and knew me as the elliot wave guy. Simulation confirmed. during the drive we talked about trading, I showed him my wave count, hopefully he got some GME. idk, random. Thought I'd share cause I thought it's a nice story. This movement is bigger than we can comprehend. EW guy is in the bio of my socials, so he put 2 and 2 together after googling my real name.
+
+Edit 2: proof I went and they let me drive the gt4: <https://imgur.com/a/uzTn3OR>

Confirmation-Bias-and-Discussion/2021-06-22-Is-NSCC-002-about-to-turn-the-T+21-T+35-Loop-into-a-Death-Spiral.md

@@ -0,0 +1,145 @@
+Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?
+======================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o5ingt/wait_is_nscc002_about_to_turn_the_t21t35_loop/) | 
+
+---
+
+[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)
+
+0\. Preface
+
+I am not a financial advisor. I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
+
+So, NSCC-002 just got approved, along with NSCC-801 for one-hour margin calls. Not only did it get approved, it got accelerated approval and will be in effect Wednesday, June 23rd.
+
+This got me JACKED. But of course don't get too hyped just because of me. It could all be a nothing burger in the end. But, there's some crazy shit going down that I think is telling of what is about to come.
+
+There's also comments of "these rules mean nothing until they are enforced". Yes, I agree. But, consider the fact that the NSCC, ICC, OCC, DTC have all been drafting up rules to protect themselves in the event of member defaults and extreme market stress. They aren't just drafting these up to say, "Meh. Nevermind". The NSCC, ICC, OCC, DTC are full of members who are NOT short on GameStop or other positions that put these entities at risk. The other members have influence and do not want to be dragged down either. It's a battle of survival.
+
+I also apologize if anyone has already posted about this. I do know that [/u/dentisttft](https://www.reddit.com/u/dentisttft/) had identified these SLD periods in their post about T+35 when tying in the spikes of price! Such a smart ape! I'm going to expand on their post here, identifying the importance of NSCC-002 to the theory.
+
+A comment by [/u/minnowstogetherstonk](https://www.reddit.com/u/minnowstogetherstonk/) also encouraged this discussion, first identifying [that T+35/T+21 could turn into T+0 that feeds on itself.](https://www.reddit.com/r/Superstonk/comments/o4y2so/nscc2021002_approved_with_partial_amendments/h2k0os3?utm_source=share&utm_medium=web2x&context=3) If this is what is about to happen... genius ape!
+
+I personally think that NSCC-002 will trigger a death-spiral for SHFs as we approach Q2 end, and shit is about to hit the fan across all markets.
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/q1te0jsbzr671.png?width=1686&format=png&auto=webp&s=4407f66bc6efcdd10e5d6323bea7bc2611371385)](https://preview.redd.it/q1te0jsbzr671.png?width=1686&format=png&auto=webp&s=4407f66bc6efcdd10e5d6323bea7bc2611371385)
+
+Awww shit
+
+1\. NSCC-002 And It's Effects On Liquidity Deposits
+
+Note: Like I said above, this is expanding off of [/u/dentisttft](https://www.reddit.com/u/dentisttft/)'s post of T+35 found here: [T+35 Is The One True Cycle](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/). It visually showed the NSCC liquidity cycle times and the effects it had on FTDs, which never really clicked until thinking about NSCC-002 a bit more. Give their post a read! :)
+
+Something big to remember is that NSCC-801 now goes into effect along with NSCC-002, which allows for one-hour margin calls. This means that when a member does not have sufficient liquidity, they will be asked to post it within one hour to the NSCC. If they do not post the liquidity, then the member defaults. And thus, the snappening begins.
+
+Let's investigate the most important bits of NSCC-002. First, a glance at what the rules used to be and the NSCC's concern driving the rule change**:**
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/yjhyg0vrzr671.png?width=793&format=png&auto=webp&s=1c593670c431dca25f897bf1ffa26197b3b60fc9)](https://preview.redd.it/yjhyg0vrzr671.png?width=793&format=png&auto=webp&s=1c593670c431dca25f897bf1ffa26197b3b60fc9)
+
+NSCC-002 Part 1; Old Liquidity Requirements
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/k7sfq4iszr671.png?width=784&format=png&auto=webp&s=61deac31a63ecb823c3ea5939792043b2b890a87)](https://preview.redd.it/k7sfq4iszr671.png?width=784&format=png&auto=webp&s=61deac31a63ecb823c3ea5939792043b2b890a87)
+
+NSCC-002 Part 2; Old Liquidity Requirements
+
+Prior to this rule change, the NSCC would collect liquidity deposits only during Monthly Options expiry periods. What is a monthly option? It is the third Friday of each month:
+
+-   January 15
+
+-   February 19
+
+-   March 19
+
+-   April 16
+
+-   May 21
+
+-   June 18
+
+-   July 16
+
+-   Etc.
+
+The NSCC realized that shit could get really wonky between those liquidity periods of the monthly options. These volatile movements in the markets would put the NSCC itself at risk due to some of its members positions. So, they decided to draft up this rule which allowed them to not only grab liquidity around monthly options, but to be able to ask for more liquidity on a daily basis. This allows the NSCC to take hold of volatility and say, "enough is enough, you're done for".
+
+Now, check this out:
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/754z0dte1s671.png?width=799&format=png&auto=webp&s=736bb773f6515211f916788f10fe1ba914c1569c)](https://preview.redd.it/754z0dte1s671.png?width=799&format=png&auto=webp&s=736bb773f6515211f916788f10fe1ba914c1569c)
+
+NSCC-002 Part 2; New Liquidity Requirements
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/wp8f279f1s671.png?width=741&format=png&auto=webp&s=cae04b68606972c68160dc782ad61d53a9bbac03)](https://preview.redd.it/wp8f279f1s671.png?width=741&format=png&auto=webp&s=cae04b68606972c68160dc782ad61d53a9bbac03)
+
+NSCC-002 Part 2; New Liquidity Requirements
+
+The NSCC defined a period of grabbing liquidity and holding it to be 2 business days prior to monthly expiration, and ending 7 days after monthly expiration. From the dates listed above, this gives you the following time periods of liquidity deposits for monthly expirations:
+
+| Monthly Option Date | Liquidity Deposit Given By Member To NSCC | Liquidity Deposit Returned To Member From NSCC |
+| --- | --- | --- |
+| January 15 | January 13 | January 27 |
+| February 19 | February 17 | March 2 |
+| March 19 | March 17 | March 30 |
+| April 16 | April 14 | April 27 |
+| May 21 | May 19 | June 2 |
+| June 18 | June 16 | June 29 |
+
+And if you remember from [/u/dentisttft](https://www.reddit.com/u/dentisttft/)'s posts, these periods all contain the T+21/T+35 dates of January 25, February 24, March 25, April 26, May 25, and June 24. So it appears that, as [/u/dentisttft](https://www.reddit.com/u/dentisttft/) concluded, that they struggle with liquidity during these time periods of FTD deliveries and the price gets much greater upward momentum.
+
+Going back to the images above of NSCC-002... notice that in the old rule that the amount of liquidity that needed to be posted for monthly expirations was based on settlement activity of the prior 24 months. That's a lot of leeway on how much liquidity is needed per member as it was not checking real-time data.
+
+NOW... the NSCC is changing it to a daily calculation. It's no longer a one-and-done deal of the monthly liquidity based on the prior 24 months. It is going to be based on a constant check of real-time data. This can shift the total liquidity required from the previous rule up significantly, mainly because it is no longer based on the prior 24 months of settlement activity.
+
+2\. T+21/T+35 Loop Turns Into A T+0 Death Spiral
+
+Remember how shit went absolutely wild around March 10th? That was outside of a liquidity deposit phase. And then, the price was tanked and brought down severely JUST BEFORE the next liquidity deposit was required.
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/yv2xmolw2s671.png?width=251&format=png&auto=webp&s=972401702a7cdee5648397fb0a827f137d3c1902)](https://preview.redd.it/yv2xmolw2s671.png?width=251&format=png&auto=webp&s=972401702a7cdee5648397fb0a827f137d3c1902)
+
+GME Price Action Prior To Next Liquidity Requirement
+
+In fact, something curious is that the price has never been above $228 entering the next liquidity posting date, and has never been above $300 during these liquidity dates. Hmmm? Margin call price could be dangerously close. And with NSCC-002/801, it can absolutely screw the SHFs.
+
+What does this all mean in the end? Well, it can turn the T+21/T+35 loop into a T+0 death spiral.
+
+They used to have to post liquidity two days prior to the monthly options. But now, the NSCC has the discretion to ask for MORE liquidity at ANY time based on daily movements of prices. The previous liquidity posting was a one-and-done deal instead of a liquidity requirement that would constantly update every day of the year. And if they fail these new liquidity checks? One. Hour. Margin calls.
+
+Here's a figure based on [/u/dentisttft](https://www.reddit.com/u/dentisttft/)'s liquidity deposit phases identifying what could happen starting Wednesday, June 23rd:
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/ebuouwrl4s671.png?width=1536&format=png&auto=webp&s=adb54e7938d647d2f1d43f1b9ccbaeeac3701cad)](https://preview.redd.it/ebuouwrl4s671.png?width=1536&format=png&auto=webp&s=adb54e7938d647d2f1d43f1b9ccbaeeac3701cad)
+
+GME Price Action And Liquidity Deposit Phases
+
+This could very well be why they are trying to obliterate the price at the moment.
+
+The next FTD spike can cause the price to absolutely soar into a price range which requires more liquidity, making it harder for them to suppress the price, and pushing GME more towards the margin call price. Which then feeds on itself requiring more liquidity, and it continues on an absolute death spiral.
+
+Which can then lead to this:
+
+[![r/Superstonk - Wait... Is NSCC-002 about to turn the T+21/T+35 loop into a death spiral of T+0 as we approach Q2 end?](https://preview.redd.it/emkfeo659s671.png?width=1536&format=png&auto=webp&s=a1459a1ed24e63e7193930567c2dbcd1c4917884)](https://preview.redd.it/emkfeo659s671.png?width=1536&format=png&auto=webp&s=a1459a1ed24e63e7193930567c2dbcd1c4917884)
+
+Happy GME TA
+
+2\. Urgency to Approve NSCC-002; Quarter End Of June 30th; Meeting Between Biden, Powell, Yellen, Gensler
+
+Guess what? The 2008 crash "started" around the end of Q3 with the collapse of Lehman Bros on September 15, 2008. End of quarters are when the system gets really strained due to the underlying plumbing of the markets and the necessity to pump balance sheets.
+
+> Banks' "reporting" dates are known inflection points in the short-term funding markets and typically fall at the end of the month, quarter, and of course the year. But periodically, the 15th of the month is also a pressure point. - [Source](https://blog.pimco.com/en/2019/09/repo-rate-spike-a-tail-of-low-liquidity)
+
+Fast forward to when the Fed attempted to reverse QE. A year after performing QT (reverse of QE), the repo market blew up to 10% interest on September 15, 2019 due to way way way too many loans that had to be handled. You can see how strain on the markets starts to amplify around particular dates of Quarter-ends and occasionally the 15th of months.
+
+We're approaching the end of Q2 which is June 30th. Hm. Quarter end?! Sound familiar? 👀
+
+The NSCC-002/801 is having accelerated effectiveness. There is huuuge urgency to get this passed for margin requirements and margin calling members. Why would they be pushing this to get it out the door? I think shits about to hit the fan. They NEED to protect themselves.
+
+Something else to note is that Biden, Yellen, Gensler, and Powell all met for "Climate Change" discussions today.
+
+> "The regulators reported that the financial system is in strong condition," the White House said in a readout of the meeting. - [Source](https://www.washingtonpost.com/politics/2021/06/21/joe-biden-live-updates/)
+
+That's the entire context of the quote. That the financial system is "in strong condition". What are they actually doing at this meeting? Something similar to discussing letting X Y and Z fail just like they discussed letting Lehman Bros fail in 2008?
+
+The [Jungle Beat Monday Post](https://www.reddit.com/r/Superstonk/comments/o54hl2/the_jungle_beat_monday_06212021/) talked about this very briefly and it was something I latched onto immediately. I remembered [the meeting for 2008](https://www.cnbc.com/2018/09/12/bernanke-paulson-and-geithner-say-they-bailed-out-wall-street-to-help-main-street.html) but did not connect the dots to this meeting between Biden, Powell, Yellen, and Gensler possibly being similar in scope.
+
+Wild times we live in. But remember - don't fuckin' dance.

Confirmation-Bias-and-Discussion/Married-Put-Forensic-Analysis-by-AlexanderHood/2021-04-18-Calculating-Potential-Short-Interst-from-Married-Put-Remnants-and-Share-Rehypothecation.md

@@ -0,0 +1,121 @@
+Calculating potential Short Interest from Married Put remnants and Share Rehypothecation
+
+========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AlexanderHood](https://www.reddit.com/user/AlexanderHood/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mtnohj/calculating_potential_short_interest_from_married/) | 
+
+---
+
+[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)
+
+There have been a lot of posts floating around the subs postulating the real short interest.
+
+I wanted to take a stab at it using what we know for sure about the mechanism for how the FTD's are hidden, the latest put option open interest and why the new DTC rule about double-borrow shares was implemented.
+
+Assumptions
+
+1\.  Citadel and friends are using the Married Put method of hiding FTD's.
+
+2\.  Any Put for a strike of $20 or less for the rest of the year is an irrational option play no sane person would make.
+
+3\.  These apprently irrational puts are in fact part of a rational mechanism for hiding a FTD.
+
+4\.  The current outstanding number of irrational puts is correlated to the number of FTD's resulting from naked shorts.
+
+5\.  Basically all available shares to legally borrow have been legally borrowed.
+
+Shares in cash accounts should not be made available to borrow. (Note the use of the S-word) With much of retail on RH or other brokers who may not be able to resist the temptation to make free money, I'm going to assume the borrow is 100%. (See disc below. If you disagree, swap in your own number and recalculate.) Due to re-hypothecation where a share sold short can be borrowed again and sold short again, the shares borrow number *could* exceed 100%. The daily available shares available to borrow often taps the zero shares mark before magically finding more shares the next day.
+
+Let's math
+
+GME Shares outstanding: 70.03M
+
+GME Float: 45.99M
+
+Irrational Puts from now until Jan 2023:
+
+Apr 16 7,067
+
+Apr 30 6,124
+
+May 7 577
+
+May 14 135
+
+May 21 3,648
+
+May 28 150
+
+Jul 16 299,922
+
+Oct 15 14,736
+
+Nov 19 22,760
+
+Jan 22 220,355
+
+Jan 23 43,984
+
+Total puts: 619,458
+
+Shares equivaluent: 61,945,800
+
+Shares borrowed & rehypothecated for shorting: 45.99M (100% of the float)
+
+Shares failed to deliver: 61.95M (From Married Put remnants)
+
+Estaimted Short Interest: 107.94M total shares
+
+Estimated Short Interest: 234% using the proper industry-standard technique for calculating it
+
+Estimated Short Interest: 70% using the dumb new method S3 Partners invented of calculating it
+
+Discussion
+
+Through the magic of re-borrowing a share sold short, there could be an infinite number of shares rehypothecated but in practice if we assume all shares purchased and placed in a cash account by and honorable broker, only X% of shares could be borrowed back so we have a case of diminishing returns. No idea what X% is here, but if you are reading this post please please move your shares to a cash account or take some action to prevent them from being borrowed. *Small changes to this X percentage have a dramatic effect on the ability to do this type of re-borrowing.*
+
+Conjecture
+
+Personally, I think X% here is 50%, which after maximum re-borrowing works out to be equal to the entire float. i.e. Half the shares are not available to borrow but the ones that are have been re-borrowed. (0.5 + 0.25 + 0.125 + 0.0625 + 0.03125 ... = 0.99) This is why I made the assumption above that shares equal to 100% of the float have been borrowed.
+
+DTC Borrow Rule
+
+Yes, the new DTC rules would prohibit this type of re-borrowing because you cannot borrow a share that has alredy been borrowed. All the shares borrowed more than once would have to be covered, which is half the outstanding float if you subscribe to my 50% estimate.
+
+Very Conjectural
+
+From the latest Bloomberg dump, the Institutions own 122% of the float and from my math we own about 105%. This is actually the reason I did this specific calculation, because I wanted to know if retail owned enough shares to force a moass even if all the Institutions were ordered to paper-hand by the PTB. If Institutions paper-hand in exchange for a seat at the asset auction for Citadels corpse, the moass hits Millions per shares rather than Trillions per share.
+
+And at a minimum, 61.6M shares must be covered just to get back to a (legal) 100% Short Interest on the stock.
+
+Sources
+
+[What DFV knows](https://www.reddit.com/r/Superstonk/comments/mtftsq/i_think_i_figured_out_what_dfv_knows_and_its/)
+
+[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/)
+
+[Finra](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0)
+
+[Yahoo Finance](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) [Stonk Tracker](https://gme.crazyawesomecompany.com/)
+
+---
+
+**Relevant Comment by [u/Soulsauce042689](https://www.reddit.com/user/Soulsauce042689/)**
+
+Just a quick couple of notes, on some common misunderstandings that DO NOT contradict OP's points, but do shore up some things:
+
+Real shares can not be double borrowed DTC has been tracking lent shares since 2008 if not longer. [Relevant filing: DTC-2021-05]
+
+"if that's the case, how does the SI% reach 226% then?" Best possible answer I can come with is naked shorting - illegal if entity is not a bonafide market maker.
+
+* * * * *
+
+Rehypothection is a lender (broker in this case) using collateralized assets as collateral to borrow from another lender. An example - your home is collateral for your mortgage, your mortgage lender may use your home to gain borrow from their lender.
+
+Relevant note on margin accounts - In margin accounts up to 140% of your equity can be used in rehypothection to borrow capital from another lender.
+
+* * * * *
+
+One big piece to watch this week (22/04) is if brokers have lent more shares than they have the ability to cover. I'm going to be keeping a close eye on borrowable shares and borrow rate. If a significant portion or brokers are over extended on lent shares we can see a massive recall resulting in shorts being (hopefully) forced to cover.

Confirmation-Bias-and-Discussion/Married-Put-Forensic-Analysis-by-AlexanderHood/2021-05-11-Married-Put-Forensic-Analysis.md

@@ -0,0 +1,133 @@
+May Update on the Married-Put Forensic Analysis
+
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AlexanderHood](https://www.reddit.com/user/AlexanderHood/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/) | 
+
+---
+
+[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)
+
+About a month ago I did an analysis for the real short interest (SI) for GME using what know about the legal Married Put mechanism for creating naked shorts.
+
+I wanted to revisit what we know for sure about the mechanism for how the FTD's are hidden, the latest put option open interest and why the new DTC rule about double-borrow shares was implemented. Yes, I know some people don't think these remnants don't mean what we think they mean, but maybe they do.
+
+TLDR Married Puts continue to be used to create naked shorts. Short Interest is at least 152% and increasing by over 100,000 shares per week.
+
+Assumptions
+
+1\.  Citadel and friends are using the Married Put method of hiding FTD's.
+
+2\.  Any Put at a strike of $20 or less is an irrational option play no sane person would make.
+
+3\.  These apprently irrational puts are in fact part of a rational mechanism for hiding a FTD.
+
+4\.  The current outstanding number of irrational puts is correlated to the number of FTD's resulting from naked shorts.
+
+What does irrational mean? Betting GME will drop below $1 by the end of the year is bonkers.
+
+Let's math!
+
+GME Shares outstanding: 70.77M
+
+GME Float: 47.75M
+
+Irrational Puts from now until Jan 2023:
+
+| Option Expiry | Open Interest Apr 18 | Open Interest May 11 |
+
+| --- | --- | --- |
+
+| Apr 16 | 7,067 | 0 |
+
+| Apr 30 | 6,124 | 0 |
+
+| May 14 | 135 | 683 |
+
+| May 21 | 3,648 | 3,990 |
+
+| May 28 | 150 | 412 |
+
+| Jun 4 | 0 | 64 |
+
+| Jun 11 | 0 | 11 |
+
+| Jun 18 | 0 | 1,046 |
+
+| Jun 25 | 0 | 13 |
+
+| Jul 16 | 299,922 | 303,927 |
+
+| Oct 15 | 14,736 | 19,223 |
+
+| Nov 19 | 22,760 | 22,601 |
+
+| Jan 21, 2022 | 220,355 | 224,653 |
+
+| Jan 20, 2023 | 43,984 | 46,136 |
+
+| Total puts | 619, 458 | 622,769 |
+
+Shares short from Married Put remnants on April 18th: 61.9M
+
+Shares short from Married Put remnants on May 11th: 62.2M
+
+Ok, what is this?
+
+The number of naked short shares implied by Married Put remnants has increased by 331,100 shares in the last three weeks.
+
+-   Over 13k of irrational puts that expired worthless in the last three weeks but the total number of Irrational Puts continues to increase. Not only are they are continuing to utilize this method of shorting, but they are increasing in number as well by apx 100k per week.
+
+-   Ortex has 'exchange reported' Short Interest at 22.2%, or 10.6M shares.
+
+-   Combing the calculated naked short interest of 62.2M with the official short interest, we get 72.8M shares short or *152.5% SI*.
+
+-   On May 21st we have another 3,648 of irrational puts expiring, we'll see if they get 'rolled' over as well.
+
+-   The next BIG batch of Irrational Puts is set to expire in just 8 weeks, July 16th, over 300,000 or nearly HALF of them our there in fact. If we see a fresh batch of about 300,000 puts get created that day for an Op Ex six months in the future, I'll be on the phone to the SEC telling them they need to end this little charade. But do they need to get rolled? No. If apes keep buying, they need to short that number of shares, whatever the cost and by any means.
+
+Discussion
+
+Could the Short Interest be higher than this? ABSOLUTELY. This calculation does NOT include short shares created directly using legal Market Maker provisions and have not yet been covered by that Market Maker. This calculation does NOT include legal short shares created using the re-borrowing method. This calculation does not include shares shorted via the ETF's. (62 [ETF's](https://www.etf.com/stock/GME) hold 10.5M GME shares.) This calculation does not include any other means of shorting.
+
+The new DTCC rule SR-DTC-2021-005 would prohibit the re-borrowing of a borrowed share. Will that rule apply the NSCC Share Borrow Program as well? Let's hope so. They pulled the draft of this but I'm hoping to see it make a return soon. (See links below for more detail on 005.)
+
+Once the new DTCC rule prohibiting the re-borrowing of borrowed shares kicks in we should expect the borrowing costs to spike like crazy. It is the end, effectively, and will trigger squeezes everywhere. They pulled the first draft, probably becasuse the timing isn't right. Anxiously awaiting the re-release of 005 and the implementation timing. Aren't we all!
+
+Disposing of the Evidence
+
+When these expire, they're gone. Wiped off the books. Of course they are, these puts are worthless after all. Never intended to be exercised.
+
+~~HELP! If anyone has the options data from Jan 15th and Mar 16th, would like to see how many more of these puts expired on those dates. i.e. How much were they using this before GME went all baby-squeeze January 28th?~~ Edit: Got the data, stay tuned! Thanks to Full_Option_6067 for the info! There are more shorts!
+
+The advantage of picking options expiries with each quarter is that you get super-cost efficient strikes at like $0.50 but the big disadvantage is that the open interest SITS out there for months on end, waiting for some smooth-brained apes to figure out what it means.
+
+When are they going to end the Married-Put shanannigans? Who knows.
+
+Total Conjecture
+
+Why was 005 delayed? Officially, for "reformatting". Tin-foil hat time: After posting it they found out this loophole for legally naked shorting stocks is in widespread use by every Hedgie and on hundreds of other distressed stocks. It's not just AMC and GME. If they nerf it we could be looking at a crack-up boom in the market and dozens of bankrupt hedges. Why a crack-up boom?? I'll give you a few million reasons: [Because every FTD is a naked short](https://wherearetheshares.com/).
+
+The Great Halvening
+
+[Never forget this happened](https://www.reddit.com/user/RubinoffButtChug69/comments/lfdcv1/fintel_changed_their_short_volume_data_after_my/?context=3)
+
+I saw the Great Halvening happen with my own eyes, so I've just been multiplying all their SI numbers by 2 to figure out the in-adjusted SI. Where they hid the rest of the original '140%' short of GameStop ... remains a mystery.
+
+Sources
+
+[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/)
+
+[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1)
+
+[DTC-005 Analysis](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/)
+
+[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)
+
+[Yahoo Finance](https://finance.yahoo.com/quote/GME/key-statistics?p=GME)
+
+[Stonk Tracker](https://gme.crazyawesomecompany.com/)
+
+Edit: As requested 🚀🚀🚀

Confirmation-Bias-and-Discussion/Married-Put-Forensic-Analysis-by-AlexanderHood/2021-05-19-Married-Put-Forensic-Analysis.md

@@ -0,0 +1,147 @@
+May 19th Update on the Married-Put Forensic Analysis
+====================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AlexanderHood](https://www.reddit.com/user/AlexanderHood/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngp969/may_19th_update_on_the_marriedput_forensic/) | 
+
+---
+
+[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)
+
+If you're feeling blue cause of all the red, I have some confirmation for your bias right here. :)
+
+You shouldn't need it, cause the [004](https://www.sec.gov/rules/sro/occ.htm) news should have every part of your body totally jacked.
+
+Since we just had such a blood-red day I wanted to check the current option Open Interest to see how much of todays selling pressure was from Naked Shorting. Well, we know Apes certainly aren't selling, so its gotta be bare nekkid!
+
+This is an update to my previous post on Married-Put Remnant Forensics [here.](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/) If you haven't read that, read it first for the context of this post.
+
+TLDR Short Interest increased by another 5% last week to 155% of the float and there may be even more shorts hiding in short-term put options for an additional 17% short interest.
+
+No, seriously, go back and read that first one then come back.
+
+Let's go!
+
+Updated Calculated Short Interest from Married-Put Remnants
+
+GME Shares outstanding: 70.77M
+
+GME Float: 47.75M
+
+Irrational Puts from now until Jan 2023:
+
+| Option Expiry | Open Interest Apr 18 | Open Interest May 11 | Open Interest May 28 |
+| --- | --- | --- | --- |
+| Apr 16 | 7,067 | 0 | 0 |
+| Apr 30 | 6,124 | 0 | 0 |
+| May 14 | 135 | 683 | 0 |
+| May 21 | 3,648 | 3,990 | 0 |
+| May 28 | 150 | 412 | 484 |
+| Jun 4 | 0 | 64 | 211 |
+| Jun 11 | 0 | 11 | 108 |
+| Jun 18 | 0 | 1,046 | 1,458 |
+| Jun 25 | 0 | 13 | 28 |
+| Jul 16 | 299,922 | 303,927 | 303,679 |
+| Oct 15 | 14,736 | 19,223 | 19,285 |
+| Nov 19 | 22,760 | 22,601 | 22,527 |
+| Jan 21, 2022 | 220,355 | 224,653 | 226,991 |
+| Jan 20, 2023 | 43,984 | 46,136 | 45,859 |
+| Total puts | 619, 458 | 622,769 | 624,608 |
+| Shares short | 61.88M | 62.27M | 62.46M |
+
+Ok, what does fox say?
+
+The number of naked short shares implied by Married Put remnants has increased by the equivalent 184,900 shares in just the last week.
+
+-   Ortex has 'exchange reported' Short Interest at 11.82M shares.
+
+-   4,600 put contracts have expired since the previous post but there is still a net *increase* of 1,839 contracts.
+
+-   Combining the calculated Naked Short interest of 62.46M with the official 11.82M short interest, we get 74.28M shares short or *155.6% SI*.
+
+So, the Short Interest has *increased* by another ~5% over the last week while GME went from $146 to $168. (Wow. Apes are crushing!)
+
+The Great Put Embiggening
+
+Thanks to [u/Full_Option_8067](https://www.reddit.com/u/Full_Option_8067/) for digging up the options chain from January!
+
+Back on January 15th the open interest for sub $20 Jan 2022 Puts was 22,278 which today has over 223,653 puts. The March sub $20 Puts was 29,374 and today that has ballooned to 224,653 puts.
+
+Yup. No real suprise here, the baby-squeeze on Jan 28th sorta marked the beginning of the marry-them-puts shenannigans to drive the price action down down down.
+
+Could this indicate naked shorting was occuring back in Jan? Possibly and probably. Certainly not to the extent it is today or at least the means to short GME were not predominantly Married-Put naked shorting.
+
+The Wedding Planner
+
+Considering the Put part of a Married-Put trade is NEVER gonna be used, it makes sense to minimize the cost the these types of puts. If you look at the January 2022 put options, the $0.50 strike costs just 2 cents! Two freaking cents! I guess even hedgies don't like throwing money away if they don't have to.
+
+This explains why the pattern for these is densely clustered around just two Option dates a super-low-strikes. July 16th and Jan 21, 2022. These are the most cost-effective places to dump irrational puts. Only one problem, they stick out like a sore thumb. This got me thinking, where else can they hide shorts?
+
+When you make an Assumption ...
+
+When I wrote my original post on this topic I picked $20 as the cutoff strike price to delimit rational from irrational puts. I did that by eyeballing the double-distribution of puts across the Option Expiry dates and found a valley. Normal stocks don't have such exaggerated double humps and instead call/put action *generally* creates a nice camel hump pattern around the current stock price with the sporradic YOLO or fatfinger bet outliers.
+
+That was a bad assumption and the more correct way to do it would be to define irrational puts by their implied volatility or more directly by their cost-effectiveness, knowing that anything spent on the cost of that put option is totally written off.
+
+BUT, you can't just load up on *half a million* $0.01 put options in July at a $0.50 strike! That's gonna stand out like a big turd on the sidewalk, apes or somebody might notice that. You gotta spread those puts around a bit. So they grabbed 148k at $0.50 strike, 30k more at the $1.00 strike and well ... that's really not very well spread out. In thier defense, only the July 16 and Jan 21, 2022 Option Expiry dates have these ridiculous strikes so if there really wasn't a lot of other places to spread these turds out.
+
+Shotgun Weddings
+
+After snorting a few more crayons and reconsidering what an 'irrational put' is defined as, the next most obvious place to look was ANY puts that are really cost-effective with high-implied volality. (i.e. fat chance in hell of hitting that strike price.)
+
+Of course, SHORT TERM put options!
+
+Perfect place to hide more turds. You can get them cheap cause of the greeks, very often less than ten cents for the contract! Yeah, they expire within days, but there is a solution to that: Let them. Buy more next week.
+
+Let's look at the irrational puts for the next couple of months option expiry and filter for *ten cent* put options with 200%+ Implied Volatility:
+
+| Option Expiry | 10 cent puts, high IV |
+| --- | --- |
+| May 21 | *75,971* |
+| May 28 | 2,717 |
+| Jun 4 | 1,036 |
+| Jun 11 | 306 |
+| Jun 18 | 1,948 |
+| Jun 25 | 36 |
+| Total | 82,014 |
+
+Boom! This Friday, nearly 76 thousand *worthless* puts expiring. Go look at the put option chain yourself [here](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows). Seriously, look at it. Does it make any sense? Dirt cheap puts with over 300% IV all the way up to a $80 strike. Who would buy an insane option like this? Anyone here think GME is going to drop by half in two days? Yeah, me either.
+
+That's potentially another 8.2M shares short, bringing our calculated Short Interest up to 82.5M shares short or 172.8% Shorted of the float.
+
+How can we confirm they are rolling short-term puts as part of married put trades? We should know Monday, cause the total open interest for irrational puts needs to be maintained in order for them to continue under the pretense of using this as a *legal* means of naked short selling. And this is a ton of open interest that's gotta get rolled. The OI for next week is a mere 2,717 contracts so if we see massive amounts of irrational puts Monday, there you go.
+
+Could the Short Interest be even higher?
+
+ABSOLUTELY.
+
+This calculation does NOT include short shares created directly using legal Market Maker provisions and have not yet been covered (T+21) by that Market Maker. This calculation does NOT include legal short shares created using the re-borrowing method. (See 005 below.) This calculation does not include shares shorted via the ETF's. (62 [ETF's](https://www.etf.com/stock/GME) hold 10.5M GME shares and that undoubtedly all been shorted.)
+
+Conclusion
+
+Hedgies r fuk. They're digging an even deeper hole with every passing day. Every time I look at it there are more shorts. Naked shorts, everywhere. And I don't think we've found them all. There could be millions more hidden using 005 re-borrowing and millions more in rolling FTD's. I will not be surprised, if it turns out the real number was closer to 1,000% SI.
+
+I do believe they are limiting themselves to only *legal* mechanisms for shorting the stock. Otherwise we would *not* see all the evidence they have left behind, like open puts, FTD reports, 13F's, etc. Which is probably a wise decision, when they get busted, none of them will actually go to jail.
+
+The rate the SI in increasing is clearly unsustainable. The DTCC needs to margin call them ASAP. Every day they delay increases the cost by ~21 thousand shares, or about $210 million a day if the moass geometric mean is $10k. *cough* or higher. ;)
+
+Sources
+
+[Citadel 13F - Fintel](https://fintel.io/i13f/citadel-advisors-llc/2021-03-31-0)
+
+[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/)
+
+[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1)
+
+[DTC-005 Analysis](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/)
+
+[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)
+
+[Barchart Options](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows)
+
+[Stonk Tracker](https://gme.crazyawesomecompany.com/)
+
+Required
+
+🚀🚀🚀

Confirmation-Bias-and-Discussion/Married-Put-Forensic-Analysis-by-AlexanderHood/2021-05-26-Married-Put-Forensic-Analysis.md

@@ -0,0 +1,159 @@
+May 26th Update on the Married-Put Forensic Analysis - Shorts all the way down
+
+==============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AlexanderHood](https://www.reddit.com/user/AlexanderHood/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nl90c5/may_26th_update_on_the_marriedput_forensic/) | 
+
+---
+
+[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)
+
+T'was the night before MOASS'mas and if you're too jacked to sleep, I have something to keep you jacked until Market Open.
+
+Following up to my post from last week, [here](https://www.reddit.com/r/Superstonk/comments/ngp969/may_19th_update_on_the_marriedput_forensic/).
+
+If you haven't already that, this business about Married-Put-Remnants and Irrational-Puts won't make much sense, so go catch up and then pop back here after, kthxbye!
+
+Last week, on Days of our Lives Buying and Hodling ...
+
+We saw about 75k Irrational Puts expire. Poof! Gone. Where did they go?
+
+What we did *not* see Monday morning was an additonal 75k Irrational Put options get opened up, that's for sure. What we *did* see yesterday and today, was a nice well-distributed build up of Irrational puts all across the board, spread out like sand on a beach. Totally innocuous.
+
+Pop quiz hot shot! It's 2:30pm on a Tuesday, GME is ripping faces and chewing bubble-gum, boosters firing from $180 to over $210! What do you do?
+
+*Buy put options at a $30 strike for this Friday.*
+
+What??? No. Why on earth would anyone buy that crap? It's worthless. *Irrational*, if you will. ;) But that's exactly what happened today. And a lot more of it.
+
+(Note: Some of todays largest put option trades were late afternoon, low-strike, low-cost and interestingly, not out of the *PHLX* exchange! Aha!)
+
+Naked Naked Naked ... Pop Pop Pop
+
+I've been watching the low-strike put options open interest to see how it changes day-to-day. Here is a comparison of today to yesterday, a snap-shot of some Irrational Puts popping into existence:
+
+Option Expiry Date: May 28th
+
+| Strike | OI May 24 | OI May 25 | Delta |
+
+| --- | --- | --- | --- |
+
+| $10.00 | 348 | 363 | 15 |
+
+| $20.00 | 137 | 205 | 68 |
+
+| $30.00 | 603 | 756 | 153 |
+
+| $40.00 | 501 | 647 | 146 |
+
+| $50.00 | 296 | 704 | 408 |
+
+| $60.00 | 457 | 404 | -53 |
+
+| $70.00 | 759 | 813 | 54 |
+
+| $80.00 | 327 | 395 | 68 |
+
+| $90.00 | 185 | 493 | 308 |
+
+| $100.00 | 3,006 | 3125 | 119 |
+
+| $110.00 | 1,027 | 954 | -73 |
+
+| $120.00 | 806 | 901 | 95 |
+
+| $130.00 | 560 | 973 | 413 |
+
+| Sum | 9012 | 10733 | +1,721 |
+
+With GME soaring, the cost of most of these low-strike options dropped to super-cheap levels. You could pick up puts at even a $130 stike for just $0.23 cents! Looking over the distribution of puts at strikes today, we saw widespread increases all the way up to about the $130 strike. So it would seem that whoever programmed the algo to distribute these evenly doesn't want to pay more than about $0.25 per contract.
+
+If the Hedgies have a budget of about $0.25 max for Married Put contract, let's take a look at the following week's Op Ex to see if we see the same pattern of evenly distributed puts added today for low-strike options.
+
+Option Expiry Date: Jun 4
+
+| Strike | May 24 | May 25 | Delta |
+
+| --- | --- | --- | --- |
+
+| $10.00 | 134 | 134 | 0 |
+
+| $20.00 | 83 | 92 | 9 |
+
+| $30.00 | 270 | 291 | 21 |
+
+| $40.00 | 186 | 233 | 47 |
+
+| $50.00 | 424 | 476 | 52 |
+
+| $60.00 | 262 | 278 | 16 |
+
+| $70.00 | 76 | 102 | 26 |
+
+| $80.00 | 58 | 62 | 4 |
+
+| $90.00 | 77 | 114 | 37 |
+
+| $100.00 | 361 | 466 | 105 |
+
+| $110.00 | 239 | 315 | 76 |
+
+| $120.00 | 260 | 389 | 129 |
+
+| $130.00 | 174 | 224 | 50 |
+
+| Sum | 2604 | 3176 | +572 |
+
+Yup.
+
+And we see even more of these Irrational Puts added to June 11th Op Ex contracts, more added into the Hedgie perennial favorite the July 16th contracts and a few more in the Jan 21, 2022 contracts. (Refer to previous post for the last analysis I did for these last two dates.)
+
+Every day we are seeing more and more of these Short-Term put options come into existence, about 4-5,000 per day representing about 400 to 500,000 shares.
+
+What does all this mean?
+
+Short Interest continues to be hidden in Long-Term Low-Strike Put options as well as low-cost Short-Term put options.
+
+In my previous post I did an analysis using a new criteria for what an Irrational Put is, a contract for $0.10 or less with high IV. Looking at today's newly minted put contracts, these are getting up to the $0.25 range on the high-end, although the *majority* remain clustered below $0.10 there are some few being added at even these higher ranges most likely due to some semi-random algo trying to hide these puts here without accidentally making it totally obvious that they have some specific allocaation.
+
+What about the puts that expired last week?
+
+Yes indeed. What about them.
+
+Nothing. They expired.
+
+After yesterday and today's powerful confirmation of the T+35, T+21 theory, I am inclined to think the Hedgies just stuck the Market Maker with them. Legally, the Married-Put is used to justify the creation of the Naked Short, the two allow the MM to remain 'neutral'. Ok, but what happen's when those Naked Shorts are still out there and the Put contract that was balancing them out expires? *The MM has to cover them.*
+
+Not straight away, the day after Op Ex (the following Monday) begins the T+35 part of the FTD cycle. They will cover those shares 35 days hence.
+
+The MM's are out there covering Naked Shorts on the 35th day, which would start spiking the price action so the SHF need to create *more* Married-Puts to create *more* Naked Shorts to again push GME down.
+
+Today, GME shot up 20% and the Short Interest *increased*! The MM's are buying to cover which is spiking the price and the SHF continue to drive it down with Married-Put Naked shorts. The SHF have *not* started covering, still just kicking the can another 35 days down the road.
+
+Implications for Short Interest
+
+I had previously estimated SI using Married Put remnants at 172%, but now that we are seeing Irrational Puts being created *daily*, that estimate is very, very low. There are way more Irrational Puts in existence, *including Short-Term puts and also expired puts* than I had accounted for. By the time I finish adding all of it together the Short Interest is going to be north of 340% at a minimum.
+
+Each week as these Short-Term Irrational puts expire, they are kicking off a batch of FTD's that need to get covered ~35 days later. Expired yeah, but the impact they had on the price action when they were first created persists, with GME trading sideways for weeks and weeks on end. Eventually they get covered (often at a lower price) and new Naked Shorts are created to replace them. In the meantime, every Monday a huge new batch of Naked Shorts is being created and *juggled* in a huge T+35 day loop.
+
+Last week the equivalent of over 7.5M shares worth of puts expired. That doesn't mean every week they have been creating millions of Naked Shorts, but if they want to keep the price action from rising, sufficient Naked Shorts need to be created equal to the total retail buying pressure. How much is that? We'd need to go count all the expired Irrational Puts since Jan to get an estimate. If we knew, we could better estimate the true SI and the MOASS peak & geometric mean. Data from Jan did indicate this practice of using Married-Puts increased by 10x after Jan 28th.
+
+I really hope Cohen just comes out and tells us how many shares are outstanding. That would be easier. :/
+
+Sources
+
+[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/)
+
+[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1)
+
+[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)
+
+[Barchart Options](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows)
+
+[Stonk Tracker](https://gme.crazyawesomecompany.com/)
+
+Required
+
+🚀🚀🚀

DD/2021-05-13-Fed-Reverse-Repos-are-Not-Tied-to-Margin-Calls.md

@@ -0,0 +1,160 @@
+Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.
+==================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/ZKShao](https://www.reddit.com/user/ZKShao/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter_dd_ny_fed_400_bln_reverse_repos_is_not/) | 
+
+---
+
+[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)
+
+Changed May 16th: Please see Update at bottom of post.
+
+Today there is hype about an Italian financial news site reporting that the New York Fed has lent 400 billion USD to 39 financial institutes over the past two days. It concludes that big Wall Street parties have been margin called and are panic borrowing from the Fed to make margin. Link: <https://www.money.it/Fed-repo-miliardi-Wall-Street>
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/x2vo22t7cyy61.png?width=697&format=png&auto=webp&s=8bdb221c2f8ba0330f3a9e5601463ce51a2b2c4b)](https://preview.redd.it/x2vo22t7cyy61.png?width=697&format=png&auto=webp&s=8bdb221c2f8ba0330f3a9e5601463ce51a2b2c4b)
+
+Google translated screenshot of the news article
+
+None of it is correct.
+
+TL;DR
+
+-   The numbers are about reverse repos, which mean that the Fed is the one borrowing cash and providing US Treasury bonds as collateral.
+
+-   The numbers are about overnight reverse repos (ON RRP) which have same day settlement. The cash makes a roundtrip in the same day so cannot be added together: there will be significant overlap between the numbers of subsequent days.
+
+-   ON RPP rate is currently 0%, which means the Fed borrows cash at 0% interest and provides US Treasury bonds as collateral. The incentive why someone would lend to the Fed at 0% interest rate is to hold the bond, perhaps for short term shorting.
+
+-   The Fed has on March 16 increased the maximum amount of cash they will borrow daily from a counterparty from 30 billion to 80 billion per counterparty. Reverse repo transactions have increased daily since.
+
+-   It's not financial institutes borrowing cash because they got margin called. It's the contrary: it's them depositing cash to profit from babysitting holding US Treasury bonds.
+
+    -   ~~which they perhaps use for nefarious purposes~~ ~~this is an understatement~~
+
+    -   Please see Update.
+
+Good day apes! This is my first attempt at a DD if you can call it that. I'm actually just formulating an in-depth reply to other daily trending posts:
+
+-   20k upvotes: <https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/>
+
+-   11k upvotes: <https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/>
+
+-   8.3k upvotes: <https://www.reddit.com/r/Superstonk/comments/nbbrg6/margin_called_front_page_moneyit/>
+
+-   5.3k upvotes: <https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/>
+
+If I'm wrong then shame be on me and I will delete this post or leave it up for posterity, whatever the people deem best. If I'm right, a lot of people are getting excited about some news site that is wrongly interpreting what it means when the Fed conducts reverse repo operations: it's the opposite. So here goes.
+
+WHERE ARE THE NUMBERS FROM?
+
+So first off, what is this $400 billion figure coming from? Again look at the shared news article: <https://www.money.it/Fed-repo-miliardi-Wall-Street>
+
+400 billion is the lazy sum of 209 billion and 181 billion (context: Italians call a billion a milliardi). Those numbers can be found on the NY Fed site here: <https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000>
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/phgs140fdyy61.png?width=1119&format=png&auto=webp&s=50cd1533a4e1000d7238f940ce59ad364e49fcdf)](https://preview.redd.it/phgs140fdyy61.png?width=1119&format=png&auto=webp&s=50cd1533a4e1000d7238f940ce59ad364e49fcdf)
+
+The numbers are from reverse repos
+
+Take note that the page contains daily summaries of repos and reverse repos. Nothing is happening in terms of repos (.000 abound), the numbers are about reverse repos.
+
+WHAT ARE REVERSE REPOS?
+
+I've only learned today what a repo or reverse repo is, but it's enough to conclude that the news site has it wrong. There seems to be some confusion today because of one definition on Investopedia, and another definition on the Fed site. But we are talking about numbers posted on the Fed site, so lets look at their FAQ.
+
+Here is what the NY Fed's FAQ says:
+
+"A reverse repurchase agreement conducted by the Desk, also called a "reverse repo" or "RRP," is a transaction in which the Desk sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future."
+
+Source: <https://www.newyorkfed.org/markets/rrp_faq.html>
+
+"The Desk" refers to the Open Market Trading Desk which represents the Fed. So in a reverse repo (RRP) the Fed sells a security to gain cash, but has an agreement to buy the security back. That's where we can already conclude the 400 billion is not being lent to Wall Street at all, it's being borrowed from Wall Street. It has nothing to do with margin calls.
+
+If I'm wrong, correct me please, but here is a few more sources to back up this interpretation.
+
+-   <https://www.federalreserve.gov/monetarypolicy/overnight-reverse-repurchase-agreements.htm>"When the Federal Reserve conducts an overnight RRP, it sells a security to an eligible counterparty and simultaneously agrees to buy the security back the next day."
+
+-   <https://www.learningmarkets.com/the-federal-reserves-open-market-operations/>"When the Fed wants to extract money from the system, it sells Treasury securities to its primary dealers in a reverse repo."
+
+Moreover, the reverse repos involving the reported numbers are overnight reverse repos, meaning the transaction is inverted the next day. Therefore it's also incorrect to just sum up the numbers: the 209 billion of one day and the 181 billion of the day before probably have a lot of overlap. So scrap that 400 billion number altogether.
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/ygb2nqbrbyy61.png?width=599&format=png&auto=webp&s=26645b6faf328e475ad1436b39d351ab745e9d82)](https://preview.redd.it/ygb2nqbrbyy61.png?width=599&format=png&auto=webp&s=26645b6faf328e475ad1436b39d351ab745e9d82)
+
+Numbers are from same-day settlement reverse repos, i.e. 'overnight'
+
+Until this part is just setting the record straight. I do have an alternative theory to propose.
+
+Reminder: My personal stance has changed, feel free to entertain the theory but please make sure to also read the update at the end of the post and the referenced counter perspectives.
+
+Remainder of the post is the original theory.
+
+SO WHAT IS ACTUALLY GOING ON WITH THESE INCREASING NUMBERS?
+
+If you look at the data again on the NY Fed site, numbers have been increasing steadily every week day: 154, 161, 175, 181, 209 billion. That can be seen in this graph, which was made by [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/) today:
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/wr801288eyy61.png?width=960&format=png&auto=webp&s=b4821e15abc01e14e0f4ea6401fe1cdbfe03daaa)](https://preview.redd.it/wr801288eyy61.png?width=960&format=png&auto=webp&s=b4821e15abc01e14e0f4ea6401fe1cdbfe03daaa)
+
+All credit to u/xpurplexamyx and her post at https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/
+
+If you look at the graph, you can see the numbers start increasing rapidly after March 17. Well something very relevant happened on that day. Before March 17, any reverse repo (RRP) counter party could deposit up to 30 billion per day at the Fed. On March 17, this changed to 80 billion.
+
+Source: <https://www.newyorkfed.org/markets/opolicy/operating_policy_210317> and <https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm>
+
+Now assuming there is incentive for counterparties (that would be banks) to participate in the Fed's RRP program, it is to be expected that numbers would rise from that point on. Why did it increase gradually instead of immediately from March 17 onward? What is that spike on March 31? I don't know, hope someone can fill us in. Why did the Fed decide to raise the limit to 80 billion? I don't know either but it has something to do with that bRRR-man. I hope someone with knowledge of monetary policy can jump in here.
+
+Lets talk about incentives. Normally the incentive for counterparties to take part in the reverse repo program, i.e. deposit cash at the Fed is because they make interest on that deposit. Otherwise, why wouldn't they rather use that money to make money? So normally, the Fed offers some interest, but not more than other banks. The interest rate for reverse repos is tweaked by the Fed to act as a lower limit to what interest banks charge each other, the latter is called the federal funds rate.
+
+My crude attempt at summarizing this: the interest rate that the Fed pays in reverse repos can be decreased by the Fed to incentivize banks to borrow from each other, and increased to incentivize borrowing from the Fed. People that actually know economics can come shit over me now.
+
+What is interesting to me and a bit surprising is that the current interest rate for overnight reverse repos, the ON RRP rate, is currently 0.00%. Source: <https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm>.
+
+Again, the interest rate that one would get for using the Fed as a daycare for their cash, is currently 0.00%. Yet participation in the ON RRP program is increasing daily, both in terms of money exchanged and number of counterparties participating as evidenced by those 181 billion, 209 billion and today 235 billion. The 400 billion number from the Italian site was summed up where summing isn't valid, but at this rate we will reach it soon on a single day!
+
+What's the incentive? Well perhaps you want the collateral that the Fed offers, which in the case of the reverse repos we are looking at are exclusively Treasury Bonds. The Fed gets to babysit your cash, you get to babysit some US treasury bonds.
+
+The incentive may be that when you park your cash at the Fed and get to hold on to US Treasury bonds, you can do stuff with those bonds for a day since you do own them until the Fed purchases them back the next day. Here are some things I can think of to do with these freely borrowed bonds:
+
+-   Lend them to short sellers for a borrow fee
+
+-   Use them yourself to short
+
+-   If anyone can come up with other reasons to deposit funds somewhere for 0% interest, receiving treasury bonds as collateral, please fill me in. I would like to know the least nefarious reason for someone to make use of this reverse repo program.
+
+I mean, look at what's been trending downwards:
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/e2ply48ihyy61.png?width=853&format=png&auto=webp&s=85a103ff44d76ff96bec4f4498d2bf3878cd5bad)](https://preview.redd.it/e2ply48ihyy61.png?width=853&format=png&auto=webp&s=85a103ff44d76ff96bec4f4498d2bf3878cd5bad)
+
+Price of treasury bonds has been trending down
+
+For more juicy cooking recipes with treasury bonds, please refer to the Everything Short by [u/atobitt](https://www.reddit.com/u/atobitt/). I'm not saying the Everything Short and this here are the same argument, actually I need to reread it knowing everything I learned today. What I am saying is that treasury bonds are shiny.
+
+[![r/Superstonk - Counter DD: NY Fed $400 bln reverse repos is not tied to margin calls. It's worse.](https://preview.redd.it/vb55e9krpyy61.jpg?width=650&format=pjpg&auto=webp&s=028788f1a02e5299329a2d00b65f7ea253a5d148)](https://preview.redd.it/vb55e9krpyy61.jpg?width=650&format=pjpg&auto=webp&s=028788f1a02e5299329a2d00b65f7ea253a5d148)
+
+And I don't even know what they look like!
+
+Since the value of treasury bonds is trending downward and these financial institutes can borrow treasury bonds from the Fed free of charge via reverse repos, that might explain why so many parties are participating in this reverse repo program and why daily cash deposited at the Fed is ever increasing. Although this mechanism was made by the Fed as a way to withhold money from the market, in effect they are lending out treasury bonds for free.
+
+They have quite the conundrum: the ON RPP rate is zero, which should be no incentive for banks to deposit cash at the Fed daily, yet they do. That means that babysitting treasury bonds is profitable and the ON RPP rate should be negative, which means institutes pays the Fed a fee to borrow those treasury bonds. But the ON RPP rate is also meant to be a lower limit for federal funds rate, which they don't want going negative.
+
+If I understand all of this correctly, the ability to short treasury bonds is like an exploit that makes the reverse repo program ripe for exploitation. Financial institutes can borrow treasury bonds for free, which can be turned into profit with a little creativity, and the Fed can't charge for it because that could unintentionally cause negative interest rates across the economy.
+
+Please let me know your thoughts. I do not have much confidence in this theory, but it's the only one I could come up with to explain things that otherwise don't make sense to me.
+
+Why did the Fed increase the daily limit for any RRP counterparty from 30 billion to 80 billion?
+
+Can the reverse repo program be used as an exploit to borrow treasury bonds for free and then short the bonds using them? If not, why are banks participating in the reverse repo program at 0.00% interest?
+
+Why is the ON RPP rate 0.00%, what's the objective? Does it make sense for the Fed to set it at 0.00% as opposed to negative?
+
+Update: Mostly harmless
+
+I asked for opposing perspectives to my tinfoil hat theory and received several. Please see [u/usefully_useless](https://www.reddit.com/u/usefully_useless/)'s [reply](https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter_dd_ny_fed_400_bln_reverse_repos_is_not/gy7zdhr/?utm_source=reddit&utm_medium=web2x&context=3) for a counter perspective that this is just the money market working as intended. The fact that we're seeing record numbers in reverse repos day by day can be explained by record numbers of excess cash. Incentive to store at the cash at the Fed at 0% is due to the obligation of money market funds to lend (forbidden to hoard). Lending to other financial institutions is currently not as competitive as usual (overnight interest only 0.01% on average), so there are clear reasons to park excess cash at the Fed (low overhead, zero insolvency risk).
+
+On the other side of the equation, [u/jsmar18](https://www.reddit.com/u/jsmar18/) stressed the role of the Fed in their [reply](https://www.reddit.com/user/jsmar18/) and I would like to highlight that although I posed the question 'why would the Fed do x', I meant it as a general inquiry and not an accusation of suspicion. However read his summary of RRP history and Fed goals. Fed actions sus? No, in line with their monetary policy and their hyperfocus on controlling inflation.
+
+[u/HotBoyFF](https://www.reddit.com/u/HotBoyFF/) also remarked with his experience that it's likely not daily short selling, but it could be that the financial institutions desperately need treasury securities for something other, such as reporting reasons. [u/jsmar18](https://www.reddit.com/u/jsmar18/) in their reply also linked some good information on that. Treasuries are certainly used for 'window-dressing' (cooking books legally). I found this study on that subject if anyone is interested: <https://www.aeaweb.org/conference/2018/preliminary/paper/KdB9i9QE>
+
+A popular question was: does this align with [u/atobitt](https://www.reddit.com/u/atobitt/)'s [Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)? Now that I believe that it's mostly money market funds using the reverse repo program, who cannot directly in a legal way tunnel assets to hedge funds, I think it is more likely that hedge funds would just naked short over exploiting the reverse repo program. The original theory aligned with Everything Short, my updated stance just says: The NY Fed's reverse repo program is probably not an efficient way for hedgies to implement the Everything Short. Here is a little snack that does support the Everything Short, which is [JPow's Q&A from April 27-28](https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210428.htm) time 47:00. "As you know at the beginning of this recent crisis, there was such a demand for selling treasuries, including by foreign central banks, that really the dealers could not handle the volume." Insane demand so the dealers couldn't handle it, could that have included naked short selling? Likely.
+
+But while we should keep an eye on Citadel and any parties trying to short *attack* the US treasuries, I don't believe Citadel is overleveraged in naked shorting US treasuries because retail and whales catching a falling GME was the big surprise to them. In US treasuries, the 52wk high-low (for example TLT: 177 - 136) is much tighter than GME (483 - 3.77) and the market for treasuries is much more resilient. So US treasuries no squeeze potential in case you were considering it (and I know some of you apes did). The ball is still GME.

DD/2021-05-17-13F-Filings-Analysis-for-all-Major-Fund-Position-Changes-and-New-Short-Players-in-GME.md

@@ -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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/jy1dfqamkpz61.png?width=4500&format=png&auto=webp&s=7dc9264c12190d89d469e4a237ff37376405e3d7)](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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/e5dkghleqvz61.png?width=5322&format=png&auto=webp&s=d420bb529bdbf39fcd7091c1270acf00a827d471)](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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/vxo08agjqvz61.png?width=2164&format=png&auto=webp&s=4daee5a1ba94eb1e1221e5eeb77358e437da5aac)](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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa)](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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/1s0ps7utqvz61.png?width=4680&format=png&auto=webp&s=8d39021e5a0ecf950a6efac6078d40eeaeab664e)](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.
+
+[![r/Superstonk - All New 13F filings: data visualised for all major fund position changes and the new short players in GME](https://preview.redd.it/cvg4d183zuz61.png?width=784&format=png&auto=webp&s=b8dadb242fc92b31c897e59666c7829827c267fb)](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.

DD/2021-05-20-Go-No-Go-Launch-Checklist-Update.md

@@ -0,0 +1,421 @@
+UPDATE -- Go / No-Go For Launch - The checklist keeping GME on the launchpad.
+=============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nothingbuttherainsir](https://www.reddit.com/user/nothingbuttherainsir/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) | 
+
+---
+
+[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)
+
+*TL;DR:*\
+DTCC / OCC / ICC etc. & Wall St want key things in place before GME unwinds, and we're now looking at a list that's been mostly checked off. This rocket is just about cleared for launch.
+
+*Last updated: 2021-06-23* | [Original post from 2021-04-22](https://www.reddit.com/r/Superstonk/comments/mvq6rs/go_nogo_for_launch_the_dtcc_checklist_keeping_gme/)
+
+Go / No-Go For Launch
+
+Opinion - Status: Hold ❌\
+*We're on a scheduled hold. Preliminary system checks are good enough to launch, and now we are being held for atmospheric conditions to be just right.*
+
+*GME ignition needs to appear from the outside to be organic, or it will be fairly obvious to the public that The System is built on lies, and run by liars, completely unfair, and this stock was just being flat out controlled for months. Even if Wall St survives financially by implementing all these rules, if they lose the public trust then it is literally "game stopped." They need plausible cover to launch now, the rest is in place.*
+
+1 - Rules of Engagement ✅
+
+2 - Funding ✅
+
+3 - Cover Story for Timing ❌
+
+4 - Avoiding Perception of Responsibility ✅
+
+--- *End TL;DR* ---
+
+Busy few weeks, eh Apes? Figured I'd give this a brush up and post it again since it was a month ago I posted the original. So here's the refreshed, reviewed, reassessed, reformatted, and return of the Go / No-Go Checklist. Freshness stamp at the top, changes by date at the bottom. Please comment with any additions and corrections as always.
+
+Official notice that this is not financial advice, etc etc. I have no idea if any of this is indeed why these things are happening, or if they are even what I think they are. I bought a handful of shares before DFV's Congressional hearing because something seemed fucky, and that was my first stock purchase EVER. If you make financial decisions off of this speculation, you probably do eat crayons like me. I am literally just some Ape on the internet mashing buttons and you're gonna have to explain to your wife's boyfriend why you took this as advice and then spent your whole allowance already this week.
+
+So this [post](https://reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) from [u/c-digs](https://www.reddit.com/u/c-digs/) is about as close as anyone has come to my personal theory that there is a literal checklist somewhere that is getting marked off before this is allowed to unravel. The DTCC and Wall St (and probably the SEC) definitely do not want this spring to unwind before they are ready, and certainly not in a way in which they don't feel they are in control. These players are Big Corporate dicks with Big Corporate mindsets, and its my bet that they don't do anything without a plan that at least addresses all eventualities.
+
+However, as it is now probably alarmingly clear to them this isn't just gonna go away on its own (cue Apes waving from the windows of the rocket sitting on the launchpad), the DTCC and pals are now scrambling to get the last things in place before somebody trips over the cord to the shredder at 3am and lands on the launch button.
+
+I think the list goes something like this, but am intending this to be a crowdsourced document because there is no way I can keep this all straight on my own, and the GME Investor community has done so so much great DD already. There is definitely more to add in terms of DTCC / OCC / NSCC / SEC rules, and please comment with additional items & sources and I'll try to keep up with editing them into the list. Compiling it here can possibly help determine just how close GME probably is to liftoff. It feels like we aren't that far from it now.
+
+1 - Rules of Engagement
+
+Opinon - Status: Go for Launch ✅\
+*The System would benefit most if new rules about payments in a member default situation are in effect prior to launch, and as far as we know at this point, all rules to cover that scenario that were filed are now in place. They can use remaining days to shore up a few more monetary rules, but there aren't any disaster-level rules still pending out there. My opinion is at 100% Go for rules being in place.*
+
+Let's cover some basics before getting into each specific rule.
+
+Whose rules cover what:
+
+DTCC stands for Depoisitory Trust and Clearing Corporation which is made up of 3 self-regulating bodies:
+
+-   [DTC](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) - The Depository Trust Company
+
+-   [NSCC](https://www.dtcc.com/about/businesses-and-subsidiaries/nscc) - National Securities Clearing Corporation
+
+-   [FICC](https://www.dtcc.com/about/businesses-and-subsidiaries/ficc) - Fixed Income Clearing Corporation
+
+and handles:
+
+-   Physical Stock Certificates and ownership records, big institutional trades (DTC)
+
+-   Securities trades, clearing, and settlement for nearly all transactions involving US based marketplaces (NSCC)
+
+-   Government Securities and Mortgage-Backed Securities (FICC)
+
+[OCC](https://www.theocc.com/) - Options Clearing Coroporation handles:\
+Options (shocker, I know)
+
+[ICC](https://www.theice.com/clear-credit) - Intercontinental Exchance (ICE) Clear Credit handles:\
+Credit Default Swaps, or CDS for short.
+
+Naming Scheme (yes the whole thing is important)\
+example: SR-DTC-2021-005
+
+-   SR - Type of document filed, SR = Self Regulation
+
+-   DTC - Name of self regulated entity filing it
+
+-   2021 - Year regulation was filed
+
+-   005 - Sequence filed in (5th, so far)
+
+✅ = in effect now\
+❌ = pending review / revision
+
+Rules To Protect The System
+
+Stocks/Securities
+
+-   SR-DTC-2021-003: Obligation to Reconcile Activity on a Regular Basis ✅\
+    *The "You're gonna report your risk daily now, you little shits" Rule.*\
+    Filed 2021-03-09\
+    Effective 2021-03-16\
+    [src](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/)
+
+-   SR-DTC-2021-004: Amend the Recovery & Wind-down Plan ✅\
+    *The "We'll liquidate your asse(t)s if you default, then make your pals chip in, before we pay a dime ourselves" Rule.*\
+    Also stipulates what the DTCC is willing to cover when reconciling, as in only shares on the books, and why you (yes you Ape) should have a cash account and not a margin account.\
+    Filed 2021-03-29\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+-   SR-DTC-2021-005: Modify the DTC Settlement Service Guide and the Form of DTC Pledgee's Agreement ✅\
+    *The "We're tagging the shares you lend out so you can't do it more than once" Rule.*\
+    While this won't help prevent the current GME squeeze scenario, and would likely ignite the engines on its own, this will prevent a *GME-like* scenario from happening again in the future. [u/Leenixus](https://www.reddit.com/user/Leenixus/) has posted lots of info around DTC-2021-005 if you'd like to follow the saga.\
+    Filed 2021-04-01 [archived original](https://www.reddit.com/r/Superstonk/comments/o2nx3z/i_have_the_original_sec_srdtc2021005_before_it/)\
+    Removed for further review src-1\
+    Refiled 2021-06-15 src-2\
+    Effective Immediately upon re-filing\
+    [src-1](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/), [src-2](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf)
+
+-   SR-DTC-2021-006: Remove the Security Holder Tracking Service ✅\
+    *The "We're dropping the old way of tracking shares, cause it didn't work well, and DTC-2021-005 will do it better" Rule.*\
+    It was speculated in another post that the old system of tracking needed to be removed so there was no conflict in implementing DTC-2021-005 (I can't find that post here on reddit anymore, src needed!). It's likely that this could pave the way for 005 to be implemented. As if 2021-05-20 I am more inclined to think that it was removed to keep anyone from implementing share tracking prior to 005 being implemented. Filed 2021-04-22\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) <- also my post
+
+-   SR-DTC-2021-007: Update the DTC Corporate Actions Distributions Service Guide ✅\
+    *The "Stop bickering back and forth over the manual adjustments to your peer to peer trade records via the dumb APO method, and just use the GD computer validated Claim Connect system, please" Rule.*\
+    Way to make a super vague title DTC... This is mostly about borrowed shares and updating who pays how much when circumstances - like rates - change. The old system (APO) needed both parties to just agree on the adjustments and one side could only submit an adjustment at a time, so it was rarely agreed upon in one pass and the bad guys could likely stall with many back and forths. To me this reads as a please use this better thing now, because APO will go away on July 9th 2021 so you'll have to use Claim Connect by then anyways. Since the lender is likely incentivized to use the new system, it may get adopted in higher numbers sooner.\
+    Filed 2021-04-30\
+    Effective Immediately\
+    Mandatory 2021-07-09\
+    [src](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-007), [Explainer post](https://www.reddit.com/r/Superstonk/comments/n28jes/new_dtc_regulation_posted_srdtc2021007/)
+
+-   SR-DTC-2021-009: Provide Enhanced Clarity for Deadlines and Processing Times ✅\
+    *The "Don't assume we'll be keeping up with our own deadlines just because we have been in the past. We'll do what we want when we want. Also dont cry to us if our choices about deadlines, or someone else's rules about deadlines, kick you in the wallet. We're not chipping in for that." Rule.*\
+    This is basically a re-statement of an ongoing policy by the DTC that their precedent around deadlines/timetables that they themselves have control over should not be misunderstood as a guarantee of them adhering to those same deadlines/timetables in the future. This does not effect deadlines imposed by external regulations though. Further, the DTC stipulates that they are not liable for damages (monetary losses) that are incurred by members from the DTC's choices to act or not act in the same timeframes as they had before, or damages from the actions of anybody else's rules, (SEC, OCC, NSCC, etc).\
+    Filed 2021-06-08\
+    Effective Immediately\
+    [src](https://www.sec.gov/rules/sro/dtc/2021/34-92198.pdf), [Explainer post](https://www.reddit.com/r/Superstonk/comments/o1ds30/new_dtc_filing_srdtc2021009_notice_of_filing_and/), [more info](https://reddit.com/r/Superstonk/comments/o63ev5/dtc2021009_implemented_tomorrow_saying_the_dtc/)
+
+-   SR-NSCC-2021-002: Amend the Supplemental Liquidity Deposit Requirements ✅\
+    *The "We'll margin call your ass if your new daily reports say you're overextended and make us feel scared" Rule.*\
+    Works in conjunction with DTC-2021-003. This rule now appears to be clear to be acted on by the SEC. NSCC filed a Partial Ammendment to this on June 17th for clarification.\
+    Possible insight on why this may have been strategically delayed, via [/u/yosaso](https://www.reddit.com/u/yosaso/) src-4\
+    NSCC-2021-801 Gave Advance Notice of this, and as of 2021-05-04 is cleared to be included with NSC-2021-002. src-2\
+    Filed 2021-03-05\
+    Comment Period Extended to 05-31 / Expected action on or before 2021-06-21 src-3\
+    Approved 2021-06-21 with partial ammendment src-4\
+    Effective 2021-06-23 src-5 [src](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/), [src-3](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf), [src-4](https://www.reddit.com/r/Superstonk/comments/n67h63/the_reason_why_may_4th_was_important/), [src-4](https://www.sec.gov/rules/sro/nscc/2021/34-92213.pdf), [src-5](https://www.reddit.com/r/Superstonk/comments/o4z0jc/implementation_of_the_proposed_changes_to_the/?utm_source=share&utm_medium=web2x&context=3)
+
+-   SR-NSCC-2021-004: Amend the Recovery & Wind-down Plan ✅\
+    *The "Just so we're clear about stocks specifically, we're really serious about us not paying for your fuckups unless we have to rule" Rule.*\
+    Works in conjunction with DTC-2021-004, but this is specific to securities and was filed first. src-1 This ALSO has language in it about clarifying the mass transfer of customer accounts from a failing member to a stable member. src-2\
+    Filed 2021-03-05\
+    Effective 2021-03-18\
+    [src-1](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/mvybgf/sec_is_expecting_the_need_for_a_mass_emergency/)
+
+-   NSCC-2021-005: Increase the NSCC's Minimum Required Fund Deposit *pending* ❌\
+    *The "We're gonna up your minimum deposit with us from an hysterically low $10K each, to an almost certainly still not enough $250k each" Rule.*\
+    DTCC has submitted this to SEC, but SEC has not approved / published yet, so details may change. src-1\
+    Filed 2021-04-26\
+    Published: 2021-05-10\
+    Approved: Pending, expected action on or before 2021-06-24 (45 days after publication)\
+    Effective: Approval + 10 days max\
+    [src-1](https://www.dtcc.com/legal), [Explainer post](https://www.reddit.com/r/Superstonk/comments/mz9gl6/nscc2021005_has_been_signed_today_implementation/)
+
+Options
+
+-   SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall ✅\
+    *The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.*\
+    This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation. src-1 You can read that whiney rant here via this [comment](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/gznui8r?utm_source=share&utm_medium=web2x&context=3)\
+    OCC-2021-003 is now approved and both should be in effect no later than Tuesday 2021-06-01 10am Eastern (if SEC approval notice counts as the official written notice to OCC members). src-2\
+    Filed 2021-02-10\
+    Approved 2021-05-27\
+    Effective on or before 2021-06-01 10am EST\
+    [src-1](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/), [src-2](https://www.reddit.com/r/Superstonk/comments/nmjbov/srocc2021003_approved_that_one_was_needed_for/gzqwqzc?utm_source=share&utm_medium=web2x&context=3)
+
+Credit Default Swaps
+
+-   SR-ICC-2021-005: Amend the ICC Recovery & Wind-down Plan ✅\
+    *The "Guys, DTC had a pretty good idea, lets also liquidate members first before touching our own cash." Rule.*\
+    Fairly straightforward with this nugget as described by [u/Criand](https://www.reddit.com/u/Criand/):\
+    "Something really cool is they'll not only wipe out members who default on a certain security, they'll wipe out similar positions in that same security of all their other members IF it's high risk/stress to the market."\
+    Filed 2021-03-23\
+    Approved 2021-05-10\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/)
+
+-   SR-ICC-2021-007: Update the ICC's Treasury Operations Policies and Procedures ✅\
+    *The "Your capital balance sheet is looking a little shaggy there, we think you need a Collateral Haircut" Rule.*\
+    Tightens up what can and cant be considered as collateral, trimming off the stuff that is not deemed worthy, and reducing overall capital, which means you can handle less total risk and/or volatile CDS contracts.\
+    Filed 2021-03-29\
+    Approved 2021-05-13\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/)
+
+-   SR-ICC-2021-008: Update the ICC Risk Management Model Description ✅\
+    *The "We're gonna start using our best guesses on if the collateral for the loans these psuedo-insurance contracts are based on might go crazy in the near future, 'cause shit is getting weird out there" Rule.*\
+    This is about [Credit Default Swaps](https://www.investopedia.com/terms/c/creditdefaultswap.asp), which are a bit complex. Essentially this rule appears it primarily will help to reduce the chances of say, BofA failing because they agreed to get paid to take on some of the risk of a loan made by say JP Morgan, and then BofA got fucked over just because JP Morgain made the loan using a volatile stock as collateral and then that stock went bananas... a stock which everyone probably knew was volatile but somehow wasn't a big factor in making the agreement before this rule. The rule also limits the ICC maximum total losses/payout, and ups initial margin requirements.\
+    Filed 2021-03-31\
+    Approved 2021-05-18\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/)
+
+-   SR-ICC-2021-009: Update the ICC Risk Parameter Setting and Review Policy ✅\
+    *The "We're basing risk on day to day averages now instead of month to month averages" Rule.*\
+    When something strays too far outside of the acceptable baseline, it gets flagged. Now that baseline is automatically calculated day to day, instead of month to month, and manualy reviewed the old way at least monthly. It will result in faster response time to fast moving changes and real risks (safer), but also less shock from too few updates (smoother). All that so they can keep margin levels appropriate. Also cleans up some language to be more generic and descriptive like "Extreme Price Change Scenarios."\
+    Filed 2021-04-02\
+    Approved 2021-05-20\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/nhdw0f/rick_management_updates_just_went_from_monthly_to/)
+
+-   SR-ICC-2021-014: Update the ICC's Fee Schedules ✅\
+    *The "Huuuuuuuge discounts on swaps! Get 'em while they last!" Rule.*\
+    This cuts fees on CDS contracts about 25%, which sounds like they want to incentivize risk sharing even more. Program is for the 2nd half of 2021, and discounts start June 1st.\
+    Filed 2021-05-07\
+    Approved 2021-05-18\
+    Effective Immediately\
+    [src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/)
+
+Rules to protect the value of the market in general as best as possible
+
+-   SR-OCC-2021-004: Revisions to OCC's Auction Participation Requirements ✅\
+    *The "Everyone can come to the feeding frenzy party when we liquidate one of you idiots" Rule.*\
+    Allows more firms that were traditionally excluded from an auction of this type to now join in, probably making the market wide bleeding end sooner, and retain more value overall.\
+    Filed 2021-03-19\
+    Effective 2021-05-19\
+    [src](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/)
+
+Non-regulation / Other Announcments
+
+-   Exchange Act Rule 15c3-3 Compliance Letter: Staff Statement on Fully Paid Lending ✅\
+    *The "We're making you keep full collateral on hand for your shit, you've got six months to get it together" letter.*\
+    Letter sent 2020-10-22\
+    Effective 2021-04-22\
+    [src](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery)
+
+-   GOV-1085-21: DTCC / FICC White Paper Announcing WABR added as a Sponsored Member ✅\
+    WABR Cayman Limited is a firm specializing in helping Institutional Sales Traders in times of "thin markets". [u/stellarEVH](https://www.reddit.com/u/stellarEVH/) explains:\
+    *"When a company needs to quickly pay off their debts as in the case of a margin call, it can be challenging for them to gather all the money from their various investments. There are firms in place that are specialized in liquidating their portfolio in a manner to minimize market impact while they pay off their debt."*\
+    Announced 2021-04-23\
+    Effective 2021-04-29\
+    [src](https://www.dtcc.com/-/media/Files/pdf/2021/4/23/GOV1085-21PDF.PDF), via [this post & comments](https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/), linked from [It's Just a Bug, Bro Part 6 - Bug Spray Edition](https://www.reddit.com/r/Superstonk/comments/myl37p/its_just_a_bug_bro_part_6_bug_spray_edition/)\
+    [Additional info on who WABR is](https://reddit.com/r/Superstonk/comments/mz4oza/the_rabbit_hole_of_wabr_cayman_company_limited/) 👀 *Spidey senses are tingling*\
+    *I love this community*
+
+-   MBS978-21: FICC Notice on MBSD Intraday Mark-to-Market Charge - Timing of Intraday Collection ✅\
+    *We've been lenient for the past year cause shit was wack, but we're going back on that regular hourly assesment for margins.* "Starting on May 3, 2021, the fixed time of 1:00PM will be eliminated and the MBSD Intraday Mark-to-Market Charge will return to an hourly assessment." This combined with other things will tighten the screws.\
+    [/u/stellarEVH](https://www.reddit.com/u/stellarEVH/) bringing that good good again: *"For example, it'll be much harder to short GameStop and/or trade in dark pools when you're expected to cover your margin every hour. For the last year, they've only needed to prove they were covered at 1pm."*\
+    Notice Date 2021-04-21\
+    Effective 2021-05-03\
+    [src post](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/), [explainer comment](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/gwr8n2a?utm_source=share&utm_medium=web2x&context=3)
+
+-   OCC Notice 48718: TEMPORARY INCREASE TO CLEARING FUND SIZE ✅\
+    *Yeah if you could give us some more of your money for a bit, that would be great.*\
+    Yeah they used all caps, and gave 2 days notice before they would just go into members bank accounts to get that money. Must've needed it bad for the 19th, because it normally is just increased monthly on the 1st. Total increase was $588,378,155.\
+    Notice Date 2021-05-17\
+    Deposit by Date 2021-05-19 [by 9am](https://www.reddit.com/r/Superstonk/comments/nfz9xa/huge_crypto_dump_currently_things_are_hotting_up/).\
+    [src](https://www.reddit.com/r/Superstonk/comments/nftyg4/occ_has_issued_a_statement_to_all_clearing/)
+
+*(please help me fill in other important rules via comments)*
+
+2 - Funding
+
+Opinion - Status: Go for Launch ✅
+
+To pay out for shares of GME
+
+-   [SHF Pulling money from crypt0](https://finance.yahoo.com/news/bitcoin-doge-ethereum-ripple-price-monday-19-april-crypto-latest-081427050.html)
+
+-   SHF Pump and Dump on other stocks
+
+-   SHF Liquidate other Assets Under Management (market-wide dive on 2021-04-22?) [Citadel Sell-off?](https://www.reddit.com/r/Superstonk/comments/n0fwx2/kenny_might_be_in_a_bit_of_a_pickle_right_now/)
+
+-   Wind Down and Recovery Strategies (SR-DTC-2021-004, SR-ICC-2021-005)
+
+-   *(other suggestions w/ sources wanted)*
+
+Secure cash to buy up liquidated assets to prevent total market collapse
+
+-   [Big Banks do a Bond Sales](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/), [Citigroup: "Me Too!"](https://www.reddit.com/r/Superstonk/comments/mzvcli/citigroup_borrowing_55_billion_in_latest_bank/)
+
+    -   Need plausible reasons for making those sales such as earnings report, or LIBOR to SOFR switch, or *insert wildcard like $50 Bil Football League*, etc ...
+
+-   Banks Re-Structuring / Netting [src](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/)
+
+-   [Wells Fargo to liquidate two of its trusts](https://www.reddit.com/r/Superstonk/comments/nh5ed7/wells_fargo_to_liquidate_two_of_its_trusts/)
+
+-   Rule SR-OCC-2021-004 allowing more players at the auction of the defaulting member's assets.
+
+3 - Cover for Timing of Launch
+
+Opinion - Status: No-Go for Launch ❌\
+*This will likely be the very last one, and we'll only know what they will use as an excuse once it's started. I think all the other pieces would need to be in place* (Narrator: They are.) *for them to feel most confident to light the fuse. This will be more oportunistic in nature, I think.*
+
+I'm splitting this into 2 objectives: why GME is going up, and why the market in general is tanking.
+
+GME Go BRRRRRRRRRRRR! Cover
+
+Ideally a plausible Corporate or Market Event that the stock price "should" respond to in order to initiate upward price movement without the timing looking SUS AF and destabilizing the broader market due to fear of systemic problems and/or loss of public trust. These events are mostly out of the control of The System, and one will likely be the ignition.
+
+-   Corporate: ~~AGM Voting Proxy Release~~
+
+-   Corporate: ~~Quarterly Earnings (Q1 2021)~~
+
+-   Corporate: ~~CEO Announced~~
+
+-   Corporate: ~~AGM Vote Count + Board Elections~~
+
+-   Corporate: ~~RC Appointed as Chairman Official News~~
+
+-   Corporate: ~~New Cash Reserves from ATM Stock Offer~~
+
+-   Corporate: Dividend Issue / Stock Split
+
+-   Corporate: Major Partner Announcement
+
+-   Corporate: Possible NFT Announcement 2021-07-14?
+
+-   Market: Broader Retail Gains
+
+-   Market: $GME moves from Russell 2000 to Russell 1000 after close on 2021-06-25
+
+-   TBD / Unkown
+
+Markets Go clank! Cover
+
+Major policy announcements, world politics, regularly scheduled economic reports released... Pick your favorite here, cause they will and already have. This cover will justify why the markets are hemorhaging to hide the fact that positions are being liquidated to start paying for buying-back all those GME shares.
+
+-   Market: Global Supply Chain Issue
+
+-   Market: Liquidity Stress Tests
+
+    -   [April 26th, 2021](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/)
+
+    -   [May 13th, 2021](https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/)
+
+    -   Note: As far as I can tell, these happened yearly, typically in April/May, but only once... 2 back to back?
+
+-   Government: ~[POTUS joint address to Congress](https://apnews.com/article/joe-biden-nancy-pelosi-coronavirus-pandemic-267e753a5d1ab7a72d3274728b25f63c)\
+    Green New Deal? Capital Gains Announcement: [similar to BS on 2021-04-22?](https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy)
+
+-   Government: [2021-05-06 Congressional Hearing with SEC / Gensler, DTCC / Bodson, FINRA / Cook.](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407762)
+
+-   Government: [2021-05-26+27 Congressional Hearing with Big Banks](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407740)
+
+-   Government: Monthly [Consumer Price Index numbers released](https://www.bls.gov/schedule/news_release/cpi.htm), next is June 13th
+
+-   Government: [US Treasury Stability Council Meeting June 11th](https://www.reuters.com/article/usa-treasury-stability-idUSL2N2N638S)\
+    Possible platform for policy announcement? Typically hold 6 +/- a year, but this would be first of 2021 and was postponed from May 21st.
+
+-   Government: [US 2022 Fiscal Year Budget Proposal](https://www.reuters.com/world/us/biden-propose-6-trillion-us-budget-2022-fiscal-year-nyt-2021-05-27/)
+
+-   *(other suggestions wanted)*
+
+4 - Fallguy, and the Lack of Prevention
+
+Opinion - Status: Go for Launch ✅\
+*While they will likely have a fallguy decided upon prior to launch, I don't see it as a necessity that would delay it, certainly not like the Rules of Engagement or Funding would. I also think that nothing would keep them from changing the story if something else influences the narrative in an acceptable way shortly after liftoff.*
+
+Blame!
+
+After the market pain is significant enough that the public wants answers, why not lay all the blame on bad actors, and defer attention from the system to try to avoid additional exterior regulation.
+
+-   SHFs (now liquidated) as overly greedy and got what they deserved
+
+-   Retail (as Anarchists, or greedy and oportunistic)
+
+    -   [Forbes article on January Gamma Squeeze](https://www.reddit.com/r/Superstonk/comments/mvf7r3/forbes_reminder_as_we_hodl_towards_the_moass_gme/gvc5c8f/?context=3)
+
+-   Foreign Actors trying to destabilize the US Markets
+
+-   *(other suggestions w/ sources wanted)*
+
+Control Public Image of the System via PR
+
+-   DTCC: ["We're doing a great job! Take our word for it!"](https://www.reddit.com/r/Superstonk/comments/mvozps/dtcc_trying_to_get_ahead_of_the_story_the_most/?utm_medium=android_app&utm_source=share)
+
+-   DTCC: "We're announcing our plan to keep working on a plan to kind of band-aid a problem that's pretty bad and we've known about for awhile, and like we have definitely been talking about it and stuff, but now we're like really gonna talk about it using words like "in-depth analysis" cause up to now we were mostly just talking about it like how you tell that one friend *"yeah, we should totally hang out soon"* and then you never do, but not now cause we're serious now, and it's definitely not because we've gotta talk to the US Congress this week or anything. Like, honestly." AKA the announcement of [the DTCC's T+1 Settlement Plan.](https://www.reddit.com/r/Superstonk/comments/n5b91j/dtcc_rolls_out_plan_and_faq_for_a_new_t1/)
+
+* * * * *
+
+...Meanwhile, at the SEC
+
+"Let's at least *look* like we aren't asleep at the wheel here, lads"
+
+-   [Whistleblower Awards](https://www.reddit.com/r/Superstonk/comments/mrfxvg/secgov_sec_awards_over_50_million_to_joint/)
+
+    -   [47.4% of the Amount of all SEC Whistleblower Awards Ever Given Have Been Awarded in the Last 12 Months (Out of 105 Months of Program Activity)](https://www.reddit.com/r/Superstonk/comments/nf3n64/474_of_the_amount_of_all_sec_whistleblower_awards/)
+
+-   [Closed door meetings](https://www.reddit.com/r/GME/comments/mihiv9/another_sec_closed_door_meeting_scheduled_for_48/)
+
+-   [2021-05-27 Sunshine Act Meeting - Scheduled](https://www.reddit.com/r/Superstonk/comments/nhgh3i/sunshine_meeting_rescheduled_may_27/)
+
+    -   These have been cancelled 4 out of 7 times... so far!
+
+-   Speech by SEC Commissioner Peirce inlcuding the line that the SEC is *"working on a report about the events related to meme stock trading earlier this year, and some regulatory initiatives may come out of that work."* and a few other statements about how the SEC shouldn't be concerned with firms loosing money... aka Tough Titties Archegos, et al.\
+    [src post](https://www.reddit.com/r/Superstonk/comments/n2ax63/something_apes_missed_read_this/)
+
+-   [SEC sues HF, filed 5/19/21- states NAKED SHORT SELLING is ILLEGAL and ask FOR a JULY TRIAL!!!](https://www.reddit.com/r/GME/comments/nhmaxw/sec_sues_hf_filed_51921_states_naked_short/)
+
+Any and all additions you think may belong on this list, feel free to put in the comments, and I'll try to update and give credit where possible. If I got any of these wrong, or you've found better links that explain the rules, let me know in the comments and I'll make those edits.
+
+Contributions noted where possible, and initial start from previous work on Recent Filings by [/u/Antioch_Orontes](https://www.reddit.com/u/Antioch_Orontes/) [here.](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/)
+
+Looking for the TL;DR? It's at the top.
+
+* * * * *
+
+Buy. Hodl. Buckle Up.
+
+... and make history.
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+Edit 2021-05-22:\
+Typos, add expected effective timeframe for DTC-2021-005. May 27th SEC Meeting Scheduled. SEC Lawsuit. Restructured the 3rd/Cover section to clarify for some comments and feedback about why I think cover is important. Also by now I've got plenty of reddit points/currency, so spend new money on GME!
+
+Edit 2021-05-28:\
+SR-OCC-2021-003 approved. Add CPI release as market drop cover, US Treasury meeting, US Budget Proposal.
+
+Edit 2021-06-21:\
+SR-DTC-005 approved and in effect, SR-NSCC-2021-002 / 801 approved. SR-DTC-2021-009 added. Updated expected timeline for SR-NSCC-2021-005
+
+Edit 2021-06-23:\
+SR-DTC-2021-009 updated with additional info. Added move to Russell 1000 as possible cover story (thanks [u/godkyle11](https://reddit.com/user/godkyle11/) for the prompt). Updated section 3 to better illustrate corporate events now in the past.

DD/2021-05-21-Hank-Returns-from-the-Dead-and-Takes-a-Dump.md

@@ -0,0 +1,114 @@
+Hank returns from the dead and takes a dump
+===========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nhs1wy/hank_returns_from_the_dead_and_takes_a_dump/) | 
+
+---
+
+[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 **********
+
+Good morning apes, I'm back.
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/zab5b8c2oe071.png?width=648&format=png&auto=webp&s=d180afc080ba02d1d170f5b2344372b9ccaadbdc)](https://preview.redd.it/zab5b8c2oe071.png?width=648&format=png&auto=webp&s=d180afc080ba02d1d170f5b2344372b9ccaadbdc)
+
+BEFORE YOU SAY IT: Ik this technically makes me Kenny's son; however, as per the laws of nature, a human cannot birth a retarded ape.
+
+Boy is it good to be back, apes. I've missed you all. I've been gone for a while but have not left the cause. I've been lurking in the shadows, jacking off to DD, and huffing WD40. When I was just a child (a boy in Bulgaria), my father said he was going to the store to get cigarettes... I think he's still there, must've been a long line for those Marlboros. Well apes, unlike my dad, I am returning to you.
+
+Seriously though, thanks for all the messages and comments asking where I was. I fucking love this community. This has been an extremely busy week for me so I was not able to post any updates. My schedule is still pretty busy but it seems that the worst part is over, so I will hopefully be back more regularly to feed you that sweet confirmation bias. As many of you know, I have posted a few meme dumps. Well apes, today I will be taking another dump... A FUCKING DD DUMP (very sexual). So, this post will not be like the usual ones where it has one long theory, instead, it's gonna be a few theories and ideas.
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/o15bfun4be071.png?width=922&format=png&auto=webp&s=ee145f5b13d10dd67ac639b287283af7fc49079c)](https://preview.redd.it/o15bfun4be071.png?width=922&format=png&auto=webp&s=ee145f5b13d10dd67ac639b287283af7fc49079c)
+
+Covid-19, Jerome Powell, and January Squeezes
+
+I think that everyone (us and Wallstreet included) has kind of brushed off just how crazy the end of January was. Five stocks squeezed to over double in value... all in the same week (BB, KOSS, EXPR, NOK, AMC)... oh yeah and this one stock had a mega-boner-super-asstastic-squeeze (GME). Short squeezes of those magnitudes are rare. But all of these stocks simultaneously squeezing is not weird... it's unprecedented. For a squeeze to happen, a stock must be heavily shorted and a rapid price movement must cause the shorts to be squeezed out of their positions, which adds more buying pressure. So you're telling me that all of these smaller, struggling companies had insanely high short interest and were squeezed at the same time and are not related? Yeah, I don't buy it. Below I will explain why.
+
+Major short squeezes happen every few years. Little short squeezes may happen every so often, but the big ones happen very rarely. Why are they rare? Shorting is at the core of many HF strategies. It can be extremely profitable. When a fund decides to go short what do they do? They always announce it on CNBC, make a report, stir up news, and hope that others go in with them (they usually do). They only short companies that are overextended or are on the brink of bankruptcy, so it's usually a pretty sure thing. But sometimes, they're wrong. Sometimes they're wrong BIG.
+
+Why do some of these monster squeezes happen? They usually happen because HFs overly short a stock and get hit by some bombshell news piece that squeezes them out of their position. Again, this does not happen often. Remember, HFs are run by very smart people with extensive resources and experience. When they make a bet, it's usually pretty well thought out.
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/br3vblz3le071.png?width=828&format=png&auto=webp&s=69291c102a2e1a485be8f83c7297d484bd5da18f)](https://preview.redd.it/br3vblz3le071.png?width=828&format=png&auto=webp&s=69291c102a2e1a485be8f83c7297d484bd5da18f)
+
+Enter Covid-19. Covid essentially opened the flood gates to shorting. Why? Because Covid promised to shut down the in-person economy for at least a year and promised to obliterate the stock market. Covid-19 created a unique financial situation. Obviously, it led to mass unemployment and a crushed stock market, but what was strange about Covid was that it crushed an extremely strong economy by prolonging and increasing unemployment and decreasing business activity without an actual economic disaster (i.e. most recessions happen because of a system or economic problem, this happened because of a virus, not a systemic economic problem). So, the general idea was that the economy, though strong, would be extremely slow for at least a year because of covid. What a perfect storm? The economy is in ruins, struggling brick and mortars will likely go bankrupt, you won't make any money going long on stocks because the market will be bad, we won't get a vaccine for at least a year, and the general economy will suck (these were their assumptions). So what did they do? They shorted.... a lot. Here is a chart of the volume and short volume of SPY:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/kv85w7ns0h071.png?width=1214&format=png&auto=webp&s=d4338a41854ee42b8c9e6c98cd3fb32b0ee1eab7)](https://preview.redd.it/kv85w7ns0h071.png?width=1214&format=png&auto=webp&s=d4338a41854ee42b8c9e6c98cd3fb32b0ee1eab7)
+
+Obviously, this does not give a full picture of the market, but it gives the general picture that shorting increased dramatically during the covid crash. So yeah, they shorted. They shorted a lot, and it makes sense, it was rational. Remember when I said that certain struggling companies would be pushed to the brink of bankruptcy? Wow, another great shorting opportunity. So, they shorted BB, KOSS, EXPR, NOK, AMC, and GME extensively because of the premise that the economy would be shit for a while and that already struggling companies would go bankrupt (especially ones relying on in-person sales). How could you not profit on that? It's a slam dunk, right? RIGHT?
+
+Well, they got two premises wrong. First, the vaccine came out way quicker than anyone expected. Second:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/gs1iomezxd071.png?width=640&format=png&auto=webp&s=c29f5f22da63d376f0fe408282355e9ac6587187)](https://preview.redd.it/gs1iomezxd071.png?width=640&format=png&auto=webp&s=c29f5f22da63d376f0fe408282355e9ac6587187)
+
+JPow turned on the money machines an unprecedented amount:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/gqaopf35yd071.png?width=676&format=png&auto=webp&s=a5bd411020e4e236e73548fde85908a028ab6cb6)](https://preview.redd.it/gqaopf35yd071.png?width=676&format=png&auto=webp&s=a5bd411020e4e236e73548fde85908a028ab6cb6)
+
+Now one saw that coming. I mean people don't take the time to realize that the market is literally $100 higher now than it was precovid and we haven't even fully reopened. No one could've predicted that.
+
+So they were wrong - the market recovered WAYYYY quicker. What were the consequences of that? Well, basically every single stock rose significantly and must faster than expected and the market made a full 180. Now obviously, they weren't short on everything in the market and still made tons of money on the 180 turn. However, I think that they over shorted the previously mentioned stocks because they thought they could hit the bankruptcy jackpot, which is why they all squoze together.
+
+BUT, they wrong the worst with GME and that's why it squoze the most. Out of all the stocks, GME had the most positive news in 2020. On top of that, because of GME's debt and financials, they shorted it the most (we all know the famous 138%). That's why GME squoze the most, it's because the best things happened to the most shorted stock. That's why we're in this situation now.
+
+Finally, I want to reemphasize how weird this all is. Please tell me how it is normal that 6 stocks, all formerly on the verge of bankruptcy traded in nearly identical patterns for the past year. Seriously look it up for yourself. They all squeeze at the end of January, shoot back up on February 24th, have a huge rise and fall on March 10th and are all trading significantly above their book value. HOW THE FUCK CAN YOU DENY THAT NOTHING IS GOING ON HERE? Do you really think that all of these stocks would trade in identical patterns like this? Yes, stocks trade in similar patterns all the time, but those are usually stocks that follow the SPX in an upward trend. I challenge you to find stocks that trade in such an obscure pattern so identically close to each other as these do. Seriously, does it make any sense that GME is trading at 5x what analysts say it should be? Same for AMC. It makes even less sense that all 6 of these stocks trade in an identical obscure pattern.
+
+So why does that matter?
+
+IMO, this observation highlights an absolutely terrifying market situation. We all know that naked/abusive shorting has been around for a while. However, it appears that because of low-interest rates and an ease of restrictions, it probably increased more during covid. There has been great reporting in this sub about the repo market, which demonstrates liquidity issues (for wrinkle brains, liquidity issues happen when you've borrowed too much and/or don't have many liquid assets (cash) and is how literally every financial crisis happens because overleveraging creates a house of cards that eventually crashes). Liquidity issues are insanely dangerous in today's market conditions. The FED has been aggressively pursuing quantitative easing (QE) policies where it buys bonds and other assets to help stabilize prices. This helps to push up the economy, along with low-interest rates. Well, when there's a liquidity crisis, the FED literally cannot purchase the bonds and could lose control of the economy. What could be even worse is if we see inflation happen. We are already seeing it happen but according to JPow iTs tRaNsiToRy... yeah I bet that ages well. If inflation happens, then the FED will probably have to raise rates to slow down the economy, which will also hurt the market.
+
+This terrifies me because it means that institutions are overleveraged because of the easy money interest rates and we are nearing a liquidity crisis AND inflation could force the fed to hike rates. What happens when all of these things meet? The house of cards falls. So, let's say that there's an economic downturn (not a collapse, not a recession, not a depression, but a significant correction). That will lead to margin calls. If you get margin called and you have a significant short stake in, oh I don't know, a formerly struggling brick and mortar gaming retailer that just so happened to tongue punch the fart box of the entire market, that makes you........ FUCKED. Now let me make this clear, we should not be praying on the economy to collapse, that's idiotic. A collapsing economy means people lose their jobs, pensions, and people die. However, we need to be cognizant that we may have found a way to profit off of an impending correction.
+
+GME and SPY
+
+My DDs have also been laced with comparisons of SPY, VIX, and GME. As we know, GME has a negative beta so it is usually inversely proportional to SPY, which is extremely abnormal. GME seems to be directly proportional to the VIX. The VIX spikes during market volatility, which usually comes with margin calls. You put the rest together.
+
+However, I found something very, very interesting. According to my chart, it seems that GME is consolidating to earnings and the annual meeting. Obviously, this could be broken at any time or I could be completely wrong. It could also do what I said it's doing in my last DD and just keep forming new consolidations. Here's what I drew for GME:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/r0wws7b78e071.png?width=1882&format=png&auto=webp&s=880c42035e34628a43a14f1d18c000f50b2a1585)](https://preview.redd.it/r0wws7b78e071.png?width=1882&format=png&auto=webp&s=880c42035e34628a43a14f1d18c000f50b2a1585)
+
+It seems that they line up right around the blue question mark, which is earnings. The annual meeting is the very next day 6/9 (lmao nice). For those of you who just popped a quarter chub because you saw the yellow lines, yes those are my FTD cycle lines. The next one is sometime next week. Refer to [u/criand](https://www.reddit.com/u/criand/)'s DD because I am crowning him FTDaddy.
+
+It would make sense for GME to consolidate up to this point. Last earnings we saw a big move (not in our fucking favor though). This earnings, however, comes before the meeting, which is significant. As many of you have pointed out, this meeting could expose the massive number of synthetic shares through voting numbers. I have also noticed that there has been absolutely no news relating to GME for the past few weeks, which is very strange considering the barrage we've been getting the last few months. Could this mean they are saving something(s) up for the annual meeting? This is all speculation but it would make sense to me.
+
+So, remember that date, 6/9 (lmao)? Well, look at SPY:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/33ede0v39e071.png?width=1818&format=png&auto=webp&s=6d2564167f462ae8cdbb28ed41328d569b0936a9)](https://preview.redd.it/33ede0v39e071.png?width=1818&format=png&auto=webp&s=6d2564167f462ae8cdbb28ed41328d569b0936a9)
+
+I call the red line the death line because it's where I call BS on this absolutely crazy pricing based on historical pricing TA (this is a week chart btw). See that apex, guess what day it converges? 6/9. Coincidence? Yeah probably. Something to give you hope and help you sleep at night? Of course. Just to give you a little more confirmation bias, check out RIS (again one week chart), last time we were this oversold, the market literally died. Considering what I said above about liquidity, we could be seeing some major, major shit happen soon. AGAIN, this is just absolute speculation and conjecture and is probably not related...
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/xxrtd1os9e071.jpg?width=1804&format=pjpg&auto=webp&s=c50f0c0d9652d570b14bb3bbc6414fde12a073d1)](https://preview.redd.it/xxrtd1os9e071.jpg?width=1804&format=pjpg&auto=webp&s=c50f0c0d9652d570b14bb3bbc6414fde12a073d1)
+
+The point of this is that SPY cannot keep these prices up forever especially considering the likelihood of inflation, the possible liquidity crisis, and the overleveraging we are seeing. GME, moreover, should not be behaving like it is without something fucky going on underneath. Something's gonna give soon, apes.
+
+The Fucking midday volume spikes
+
+The stuff above was mostly my theories and opinions, this is probably the best actual new DD that I have in this post. I have said in many of my DDs that there are these random midday positive volume spikes. I always noticed them, as I'm sure many of you have, but never took the time to document them or to do anything with them, until now. Below is a table of these spikes from the past few weeks:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/pxhieq516e071.png?width=1284&format=png&auto=webp&s=e40f6d81c2f5761ca021f1f6721e595ee81030ad)](https://preview.redd.it/pxhieq516e071.png?width=1284&format=png&auto=webp&s=e40f6d81c2f5761ca021f1f6721e595ee81030ad)
+
+EDIT: This is what the volume spikes look like (don't mind the blue and yellow lines, just look at that giant green dildo in the middle of the day:
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/cfqnjxjr5h071.png?width=850&format=png&auto=webp&s=60194d4a42674e06cdeceaff0f3f110d69942e12)](https://preview.redd.it/cfqnjxjr5h071.png?width=850&format=png&auto=webp&s=60194d4a42674e06cdeceaff0f3f110d69942e12)
+
+The commonalities in all of these are: they are positive volume (i.e. price goes higher), they are the highest candle in their given day BY A MILE, they happen between 11 am-2 pm, they happen on absolutely no news. This is only from a few trading days, so it is by no means exhaustive. However, I went through and looked and this has been happening for a very long time now and it is consistent and common. Seriously check it out for yourself. Go on a 1-minute time frame on any given week and you'll find at least one of these random spikes. I also looked at AMC... same exact thing happens with that stock (goes back to my theory about them being related). So what does this mean? Quite honestly I have no clue. It's strange that it happens in the same time period, is the highest volume in the day, and is positive. Could it be a short covering? That's what I'm guessing. However, I need more data to make that conclusion. My next DD will probably be about uncovering more to this. Note that I did not cherry-pick the above data, this is just the most recent data from the past few weeks, this trend is extremely persistent and I intend to look into it more and invite other apes to do the same. IMO, this probably has something to do with a smaller time frame FTD cycle because of how common and persistent it is. So, expect my next DD to be something about this. Sorry I couldn't do a full DD on this right now, again don't have the time currently, so this is just a little cock tease, but expect something about this in the future.
+
+With that in mind, just wanna give a shoutout to [u/criand](https://www.reddit.com/u/criand/) for being an absolute god. This guy pumps out DD I like I pump out turds after Chipotle. His recent DD on the FTD cycle is the best FTD cycle DD on this sub by far and he basically cracked the FTD cycle code.
+
+Closing Thots
+
+Apes, I'll say it again, none of what is happening with GME is normal. I could make a laundry list of the abnormalities - the price being 5x analyst predictions but not budging, OTC trading, random volume spikes, FTD cycle, difficulty to borrow, relatedness to other shorted stocks, consolidation patterns, gigantic drops, etc. etc. etc. The point is, something's going on and something's gotta give. What do all of these abnormalities make me?
+
+[![r/Superstonk - Hank returns from the dead and takes a dump](https://preview.redd.it/6adccfbabe071.png?width=1080&format=png&auto=webp&s=f17c0be2c20907e258334ba516103fadfb4fc868)](https://preview.redd.it/6adccfbabe071.png?width=1080&format=png&auto=webp&s=f17c0be2c20907e258334ba516103fadfb4fc868)
+
+HARDER THAN EVER
+
+Thanks again for understanding why I was gone for a little bit, I really appreciate it. Idk when I'll be coming back because the next few weeks are not super predictable for me and could be busy... but I will be here... watching.... reading.... jacking off. As always, stay strong apes.
+
+TL;DR
+
+Hank is back. Thanks for your patience. Look closer at the January squeeze. Group of stocks moving in unison. Not a coincidence. Covid created perfect storm for all of this. Economy could correct/crash. Inflation/leveraging/liquidity bad. SPY too big. GME might benefit from this. Midday volume spikes exist. I am curious. I will investigate more. I have a half chub.
+
+********* I am not a financial advisor, this is not financial advice **********

DD/2021-05-25-Here-is-What-Will-Happen-After-the-Reverse-Repo-Limit-Reaches-Its-Maxiumum.md

@@ -0,0 +1,53 @@
+Here's what will happen after the Reverse Repo Limit Reaches Its Maximum (Spoilers: Very much NOT good for Citadel and friends)
+
+===============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AcedVector](https://www.reddit.com/user/AcedVector/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkgqje/heres_what_will_happen_after_the_reverse_repo/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+I recently saw a post from [r/DDIntoGME](https://www.reddit.com/r/DDIntoGME/) which had said that essentially, if the overnight reverse repo lending that's been going on keeps going in the same pattern it has been, it is going to start reaching its "maximum" amount of lending(500 BIllion) around Friday.
+
+I wanted to piggyback off of that post because it brought to my mind the question, "What would genuinely happen once it reached its maximum? Would the whole system go kaboom?" Well, to answer that question, let's try to understand the context here a bit first.
+
+In these reverse repo agreements, the FED is selling bonds to banks (which are presumably lent to HFs) which takes AWAY liquidity(cash money) from the market as the banks are paying cash for the bonds. This isn't necessarily a bad thing given the amount of liquidity that was added TO the market from stimulus checks and overall money supply being at all time highs.
+
+EDIT: Clarified on the liquidity part as it wasn't as clear
+
+What's causing the proverbial wrench in the gears here are that these hedgies are overleverged to the tits from not only shorting the treasuries bond market, but also having shit for mortgage backed securities in the housing market, and naked shorting a whole bunch of other stocks with unlimited leverage, with the pure intention of driving multiple companies to bankruptcy.
+
+Here's where it gets really bad: these banks and hedgefunds absolutely NEED these bonds as collateral because they have overleveraged so hard there aren't enough bonds to go around, most likely multiple times over; the FED is in possession of a lot of these bonds so by temporarily allowing banks to come into possession of them they can kick the can down the road, but what happens when the maximum amount of lending is reached?
+
+Let's walk through the process:
+
+1\.  As time goes on, theoretically either more counterparties would need bonds as collateral or the existing counterparties would need MORE bonds to post as collateral to keep kicking the can down the road and prevent being margin called.
+
+2\.  Someone gets margin called as they can't post enough collateral (theoretically bonds lent by the FED), causing a cascade of margin calls across the bonds market leading to a short squeeze of treasury bonds from liquidation.
+
+3\.  The liquidation of various securities (such as stock postions) coupled with the spike in treasuries bond price would lead to a stock market crash, leading to even MORE margin calls from overleveraged short positions(some even within the same firms that got margin called before, this is probably where Citadel would be in this scenario as they shorted both the treasury bonds market and meme stocks)
+
+4\.  Short squeeze of all meme stocks from forced liquidation as the tendieman cometh.
+
+(This part is edited as of edit 3) How soon would this be able to happen? Well, this still remains more of a theoretical unfortunately. Since after some kind redditors corrected me and I found out the 500 billion limit was for repo agreements only and that the reverse repo agreement is limited to 80 billion per counterparty (as of right now there is an estimated 7.2 billion per counterparty, read edit 3 to see why), it would seem there's a while before it gets to that point, IF it gets to that point. I doubt the FED would accept lending 80 billion per counterparty (there's 54 counterparties as of the most current agreement), so in my opinion I feel like the only way we see this happen is if someone gets margin called, or the FED stops accepting to lend as many bonds to counterparties. The more likely option, believe it or not is that someone (maybe a certain hedgie Citadel 😉) gets margin called. The FED doesn't really have enough of a reason to say "hey you look fucked and giving you bonds doesn't look like it'll help", so that would leave the margin call option. Given the other catalysts Citadel and co have to watch out for in the near future (T + 21 today, gamestop earnings, the shareholder meetings, how fucked they are in the housing market, the list goes on), I wouldn't be surprised if we see a margin call happen soon that would trip some wires in the bonds market and cause a short squeeze that leads to the MOASS.
+
+Hope this jumbled mess made some sense to you all, as I'm writing this now its about midnight so I wouldn't be surprised if I happened to make a couple of mistakes when writing this out. If anything, I'll hang out in the comments and make some edits along the way. :)
+
+Edit: people were asking about the source post I pulled the limit from so I've linked it below. Give that OP some love!
+
+Edit 2: I've seen some questions asking if cash can just be used as collateral instead for treasury bonds. Now, this may be wrong so take this answer with a grain of salt, but as far as I understand, you need treasury bonds as collateral to prevent being margin called from shorting treasury bonds. These are government bonds, which people have invested in with the idea that their money is safe and sound. If at any point they need to take money out of, say a 10 year bond, but all of a sudden the bond disappeared, thats ALL of their money gone.. and I doubt the US wants THAT to happen because of what it means for the US economy.
+
+Edit 3(Edited once again): There's some talk about the 500 billion cap being for repo agreements only and not reverse repo agreements, after researching more and some friendly redditors correcting me in the comments about it I saw that it seems like this is the case as the reverse repo cap had been virtually removed in 2013. The only type of cap I see is that there is a maximum of 80 billion per counterparty when it comes to reverse repo overnight agreements. Given there are currently 54 counterparties as of the latest agreement of 394 billion, there's an average of 7.2 billion per counterparty as of right now. However, I genuinely doubt the FED would accept lending 54 counterparties 80 BILLION each. That would be over 4 trillion used daily in bonds lent out. A margin call by other means would be more likely to happen in my opinion.
+
+Edit 4: I've seen a lot of questions asking if the FED would just raise the limit to try to kick the can down the road, and I don't think they would do that for a couple of reasons. The first is that I presume they have the foresight (unlike the greedy hedgefunds) to see that many people's finances are being put at risk so they would rather have this end sooner than later. That, and they stand to gain a lot from squeezing hedgefunds and liquidating. The main argument that comes to my mind is that when the MOASS happens and everyone gets their tendies they are going to be able to get some nice tax money off of that (a lot of rich people hide their wealth in offshore accounts so they don't have to pay as many taxes, so its good for some of this money to be in the hands of retail).
+
+Source post I got the upper limit from:
+
+<https://www.reddit.com/r/DDintoGME/comments/nk9979/reverse_repo_overnight_lending_will_hit_the_upper/?utm_medium=android_app&utm_source=share>
+
+FED links about the reverse repo/ repo agreements: <https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details>
+
+<https://www.newyorkfed.org/markets/rrp_faq>

DD/2021-06-11-GME-Russell-1000-Rebalance-Day.md

@@ -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.*
+
+[![r/Superstonk - 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.](https://preview.redd.it/dwvv41zzhn471.jpg?width=943&format=pjpg&auto=webp&s=59d53dc221aa6deb5808f69f671b531c99d84707)](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.
+
+[![r/Superstonk - 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.](https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2)](https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2)
+
+[![r/Superstonk - 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.](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff)](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff)
+
+ZM prices before and after Reconstruction Day 07/29/20
+
+[![r/Superstonk - 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.](https://preview.redd.it/706rlrcykp471.jpg?width=855&format=pjpg&auto=webp&s=05b120a9d84af12b1cadc38c68802ad47b23c104)](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]
+
+[![r/Superstonk - 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.](https://preview.redd.it/i5kkcl2v8o471.jpg?width=1920&format=pjpg&auto=webp&s=b2de67bab2cba3ecd798bce50c27e2832b42a1ec)](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.
+
+[![r/Superstonk - 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.](https://preview.redd.it/lvyz7qob2t471.jpg?width=633&format=pjpg&auto=webp&s=a873a825572c753196ba14447a18b9c5fe03deee)](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."*
+
+[![r/Superstonk - 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.](https://preview.redd.it/l7hu03ruin471.jpg?width=712&format=pjpg&auto=webp&s=3f3957884f89ee1679388ad9bfbb05d82792e08a)](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.*

DD/2021-06-12-Revisiting-Net-Capital-and-T+21-Loops.md

@@ -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. 😎
+
+[![r/Superstonk - 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.](https://preview.redd.it/p9ruup81br471.png?width=1016&format=png&auto=webp&s=459845688e21d10000f45ba7e81c9de8a6839321)](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/)":
+
+[![r/Superstonk - 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.](https://preview.redd.it/h7iq2v4njq471.png?width=1122&format=png&auto=webp&s=b4fbbca80002197058a20c5d8654e08ba8b4dbae)](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/)
+
+[![r/Superstonk - 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.](https://preview.redd.it/choe9jjris471.png?width=1709&format=png&auto=webp&s=3e907654b1e054734098c010839ec5ad07ab0633)](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:
+
+[![r/Superstonk - 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.](https://preview.redd.it/jzzkxo2qsq471.png?width=1311&format=png&auto=webp&s=9b26ce9297defa1c10492f9d1e2b2c6a1bc07252)](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:
+
+[![r/Superstonk - 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.](https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7)](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!
+
+[![r/Superstonk - 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.](https://preview.redd.it/p6q5gox9fs471.png?width=1438&format=png&auto=webp&s=4da6c3ed2e8547ccd755b95ee895be235cbf9d44)](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.
+
+[![r/Superstonk - 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.](https://preview.redd.it/424mtt66sq471.png?width=1433&format=png&auto=webp&s=7b11bb6a0a8f06bafb2471e7dfc0b64c90f1cb1a)](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:
+
+[![r/Superstonk - 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.](https://preview.redd.it/xn0tukmw4r471.png?width=1434&format=png&auto=webp&s=a679b5628fd370944ba680b6de0bf5e6dcadd35a)](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.
+
+[![r/Superstonk - 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.](https://preview.redd.it/p3yueytz4r471.png?width=1441&format=png&auto=webp&s=48a0f3e70ac922a345e5b58c0219bd1470dff2ab)](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. ;)

DD/2021-06-13-Correlation-between-Rising-Reverse-Repo-Rates-Gamestop-and-Crypto.md

@@ -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?
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/0xii24b9a2571.png?width=2000&format=png&auto=webp&s=7cac90e8e601f9391df0ba1196ba5bc6612dd120)](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
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/se13ie46a2571.png?width=746&format=png&auto=webp&s=9912fa13f4fdcffd7b0d65a1529d41a9bb15f4f0)](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
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/ooadzkjz92571.png?width=742&format=png&auto=webp&s=b63eabf13080da8d41024afd8320cff7edda69f3)](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.........
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/knp62xbl92571.png?width=975&format=png&auto=webp&s=b6fbf88630618801c8eff7634e4c7937e996f961)](https://preview.redd.it/knp62xbl92571.png?width=975&format=png&auto=webp&s=b6fbf88630618801c8eff7634e4c7937e996f961)
+
+https://coinmarketcap.com/currencies/pancakeswap/
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/9qjsb3vn92571.png?width=963&format=png&auto=webp&s=52a252ca5d1e66ca6b25a64d0a3a5fa2d54eca21)](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.
+
+[![r/Superstonk - I found a correlation in why REVERSE REPO RATES are exponentially growing, Gamestop & crypto and its in NSCC 802](https://preview.redd.it/ou630ghi92571.png?width=1168&format=png&auto=webp&s=601fcb2809df51fa1d478744ff8be45e474ff3d1)](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.

DD/2021-06-15-The-Bigger-Short.md

@@ -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.
+
+[![r/Superstonk - 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://preview.redd.it/vvdd32qkei571.png?width=776&format=png&auto=webp&s=982445a99f17af054bd351990017e364b137cf02)](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.
+
+[![r/Superstonk - 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://preview.redd.it/9igfmi69di571.png?width=578&format=png&auto=webp&s=27fefbf3443e8be528849221f2eadeb1a5c10833)](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.
+
+[![r/Superstonk - 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://preview.redd.it/s22atssgdi571.png?width=1029&format=png&auto=webp&s=086dcebf3e710052f78b7490150203d0f8376b89)](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.
+
+[![r/Superstonk - 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://preview.redd.it/0xtaww3ydi571.png?width=1493&format=png&auto=webp&s=f448a113043b043243efd879f174493bd33423fe)](https://preview.redd.it/0xtaww3ydi571.png?width=1493&format=png&auto=webp&s=f448a113043b043243efd879f174493bd33423fe)
+
+Inside Job (2010) - Flow Of Money For Mortgage Payments
+
+[![r/Superstonk - 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://preview.redd.it/uyk9ms4fei571.png?width=756&format=png&auto=webp&s=d61e9a0754b676e64a1f6c97277ba877e946fcb6)](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.
+
+[![r/Superstonk - 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://preview.redd.it/wsr30iorei571.png?width=1447&format=png&auto=webp&s=59cf72f6eb8209d69e0a13ccf2f0127e69a45142)](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.
+
+[![r/Superstonk - 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://preview.redd.it/io87r9vxei571.png?width=1494&format=png&auto=webp&s=944300df8faf8da35d75de6f10fb951a6d230154)](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.
+
+[![r/Superstonk - 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://preview.redd.it/k87x53h7fi571.png?width=1619&format=png&auto=webp&s=b12004d6bb3e70643516ef0477303f4652ccd348)](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.
+
+[![r/Superstonk - 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://preview.redd.it/7xoupx0ffi571.png?width=1258&format=png&auto=webp&s=869beb0d99b9fbb4108cd5af692d0a6332fd52dd)](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.
+
+[![r/Superstonk - 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://preview.redd.it/m54zv03yfi571.png?width=1411&format=png&auto=webp&s=f6cb605b4c9b36c22e60cd8205b80bd6ac770fac)](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.
+
+[![r/Superstonk - 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://preview.redd.it/tto0v644gi571.png?width=1332&format=png&auto=webp&s=f4361dcc23801691d46ec88b241c7d5fa56e2aaf)](https://preview.redd.it/tto0v644gi571.png?width=1332&format=png&auto=webp&s=f4361dcc23801691d46ec88b241c7d5fa56e2aaf)
+
+Inside Job (2010) Ratings Agencies Profits
+
+[![r/Superstonk - 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://preview.redd.it/91dpnu78gi571.png?width=1259&format=png&auto=webp&s=1f196573f47a757a8bcca8b9e712c537be84cbe2)](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.
+
+[![r/Superstonk - 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://preview.redd.it/gbgc30vlhi571.png?width=873&format=png&auto=webp&s=74def34d1783c5e3195492913370e6ae65670301)](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/)
+
+[![r/Superstonk - 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://preview.redd.it/5xmcu9hwhi571.png?width=846&format=png&auto=webp&s=66f636574bd66afd3512b9587981e4caaa381cf3)](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.
+
+[![r/Superstonk - 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://preview.redd.it/cqbceix0ii571.png?width=848&format=png&auto=webp&s=da81781094a31ae1293b019c4e24f68dfdccc634)](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.
+
+[![r/Superstonk - 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://preview.redd.it/b68fsf5aii571.png?width=945&format=png&auto=webp&s=daa8c725185480d988802023a27291ee782b5c5f)](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).
+
+[![r/Superstonk - 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://preview.redd.it/ijp4wkxdii571.png?width=1455&format=png&auto=webp&s=46f67d7efcc98ee475ba27fa41850fbf5d894064)](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.
+
+[![r/Superstonk - 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://preview.redd.it/phrxcouvii571.png?width=731&format=png&auto=webp&s=469560cf06458b51b1b5439d84062e9f6e04bda4)](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.
+
+[![r/Superstonk - 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://preview.redd.it/y4reiv86hi571.jpg?width=550&format=pjpg&auto=webp&s=8845b7b90adf28409772483c6eeeef1763bbaaaf)](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/).
+
+[![r/Superstonk - 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://preview.redd.it/6hge0pxfhi571.png?width=871&format=png&auto=webp&s=aab736cc279cc727524d2cf96384ea3e33109250)](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.

DD/2021-06-21-Friendly-Reminder-that-Shorts-Never-Covered.md

@@ -0,0 +1,22 @@
+A friendly reminder that shorts never covered: 3 images that clearly reveal the short fuckery 🚨📈🚀🚀🚀🚀
+==========================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/broccaaa](https://www.reddit.com/user/broccaaa/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o4ps1c/a_friendly_reminder_that_shorts_never_covered_3/) | 
+
+---
+
+[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)
+
+![1. Enough Put contracts to hide 200M shares -  3-times all outstanding shares - were opened over 3 days in January!!! Short interest and Fails to Deliver immediately dropped after.](https://user-images.githubusercontent.com/82035192/122753272-02c39e80-d260-11eb-9830-6deace0a0c9a.png)
+
+[Source](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)
+
+![2. Deep in the money (ITM) calls were bought and exercised the same day in huge numbers in January. Up to 150M phantom shares.](https://user-images.githubusercontent.com/82035192/122753335-1ff86d00-d260-11eb-8c48-3edd7a2132a9.png)
+
+[Source](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)
+
+![3. Authorised market participants can break up and repackage ETFs to short the underlying (GME). After January a huge number of FTDs shifted to GME containing ETFs.](https://user-images.githubusercontent.com/82035192/122753447-47e7d080-d260-11eb-8ce8-f89758609b14.png)
+
+[Source](https://www.reddit.com/r/Superstonk/comments/n1vgbb/the_naked_shorting_scam_using_etfs_mass_shifting/)

DD/2021-06-21-The-Fed-is-Pinned-into-a-Corner-from-2008.md

@@ -0,0 +1,300 @@
+The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the economy up.
+===================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o4rfnu/the_fed_is_pinned_into_a_corner_from_the_2008/) | 
+
+---
+
+[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. I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
+
+I'm personally happy to see that there is a shift from GME DD to macro-economics DD. Because it provides a much wider insight into how the market is behaving, and how GME would NOT be the cause of a market crash. Everything has been a pressure cooker over the past decade, ready to burst, and the new DD provides insight on when things might go down.
+
+The new DD also diverges from the expectations of things to shoot up in price every week, where everyone is watching T+21/T+35/Net Capital cycles. It gives a general "MOASS will most likely occur when everything falls due to liquidation of defaulting Banks / Hedge Funds / Financial Institutions".
+
+It gives me peace of mind, because I do not watch for specific dates around GME to cause the surge. I watch the economy at the macro scale to understand when things could blow.
+
+And to any skeptics - yes, it is possible that GME could never blow up. Do I think it will blow up? Sure I do. But I encourage YOU to read this post, disregarding GME, and to instead understand what is going on with the economy on the macro scale.
+
+Even if the GME play is wrong in your eyes, it is good to understand how the economy could crash harder than it did in 2008. I don't care if you don't believe in GME. I care about you, and don't want YOU to be hurt.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/pscahu4lxk671.png?width=727&format=png&auto=webp&s=2e5ee31eaef0413023a8cc4be07087210081554c)](https://preview.redd.it/pscahu4lxk671.png?width=727&format=png&auto=webp&s=2e5ee31eaef0413023a8cc4be07087210081554c)
+
+Me IRL - Maybe - Sometime
+
+1\. Before We Begin: An Overview of Repo And Reverse Repo
+
+Repo and Reverse Repo might be a bit confusing. You probably saw on this subreddit or in news that the reverse repo market has been blowing up, and it's a bit concerning.
+
+It's not too complicated if you just imagine it between two entities: the Federal Reserve and Banks.
+
+For both Repo and Reverse Repo, it is an agreement between two parties for one of them to sell some security for a price, and they agree to buy that security back at a later date at a higher price based on some interest rate (usually). This is called a "Repurchase Agreement", where "Repo" is a standard "Repurchase Agreement" and the "Reverse Repo" is a "Reverse Repurchase Agreement", the inverse of a "Repo".
+
+The length of these Repurchase Agreements can be various lengths. Such as overnight, one month, three month, etc.. But what we're seeing is short-term overnight Reverse Repos. The parties swap, and then the next trading day they swap back. It is not a permanent extraction of the underlying security. It is an overnight swap. A permanent extraction comes from Quantitative Easing or Quantitative Tightening, both of which I will discuss later.
+
+-   Repo (Repurchase Agreement) - This is where the bank swaps collateral (such as US Treasuries) for cash. This is used when the banks have too much collateral and not enough cash, or when the banks want to generate profit off of giving loans to other parties in the repo market.
+
+-   Reverse Repo (Reverse Repurchase Agreement) - This is where the bank swaps cash (liquidity) for collateral (such as US Treasuries). This is used when the banks have too much cash (liquidity) and not enough collateral. The main reason behind this behavior is to pump balance sheets for the night.
+
+Below is a diagram I made which might make this more clear. It is between the Fed (left) and Banks (right):
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/ukum83cf2k671.png?width=1920&format=png&auto=webp&s=99d4c612df82013aed06ff2b22621500a80071cf)](https://preview.redd.it/ukum83cf2k671.png?width=1920&format=png&auto=webp&s=99d4c612df82013aed06ff2b22621500a80071cf)
+
+Repo and QT Versus Reverse Repo and QE
+
+2\. Quantitative Easing Can-Kick of 2008, Slowly Draining Collateral From The Market
+
+Note: If you want an overview of what led to the 2008 crash, check out [my previous post](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) which has a summary of the documentary "Inside Job (2010)". It also describes where we're probably headed based on SLR, the DTC, ICC, OCC, NSCC rules, and mortgage default protections expiring June 30th, 2021.
+
+Zoom back in time to 2008. The economy took a massive dump due to Wall Street's abuse of derivatives and leverage. They created a bunch of toxic CDOs mostly consisting of [subprime Mortgages](https://www.investopedia.com/terms/s/subprimeloan.asp) to create an economic apocalyptic scenario around Mortgage Backed Securities (MBS). Everything was overleveraged and was a massive balloon of bets based on the performance of the MBS's.
+
+Currently, there's evidence of Wall Street doing the same abuse of toxic CDO's but this time with Commercial Mortgage-Backed Securities (CMBS). [See above linked post for this detail]
+
+The economy was hurting pretty bad from the 2008 crash, and it was going to continue going into a complete death spiral until the Federal Reserve (Fed) introduced Quantitative Easing (QE):
+
+> The Fed announced QE1 on November 25, 2008. Fed Chairman Ben Bernanke announced an aggressive attack on the financial crisis of 2008. The Fed began buying $500 billion in mortgage-backed securities and $100 billion in other debt. QE supported the housing market that the subprime mortgage crisis had devastated. - [Source](https://www.thebalance.com/what-is-qe1-3305530)
+
+If you're still scratching your head on what QE is, here's the Wikipedia overview definition, as well as (hopefully) a more simplified definition.
+
+[Quantitative Easing](https://en.wikipedia.org/wiki/Quantitative_easing) (QE) - is a monetary policy whereby a central bank purchases at scale government bonds or other financial assets in order to inject money into the economy to expand economic activity.
+
+-   This is what the Fed will do to extract collateral (including US Treasuries) from the economy in order to push in liquidity. The Fed started doing this in 2008 to extract toxic collateral from the market and encourage economic growth because it allowed more cash flow in the economy.
+
+-   This pulls out collateral from the economy, and pushes cash (liquidity) in.
+
+-   It was a ticking timebomb ever since it started, because it extracts collateral from the market, slowly creating a collateral shortage issue.
+
+Check out the effects of QE on the Dow Jones Industrial Average ($DJI):
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/cktjwttu8k671.png?width=1528&format=png&auto=webp&s=4e23f2e54e6204d8c56323d7e6bc8772c1a02535)](https://preview.redd.it/cktjwttu8k671.png?width=1528&format=png&auto=webp&s=4e23f2e54e6204d8c56323d7e6bc8772c1a02535)
+
+DJI Before And After Quantitative Easing Begins
+
+It was helping the economy reverse the death spiral, and it has been pumping the economy ever since the introduction of QE. The problem is, of course, that collateral would continue to be sucked out of the market through the mechanics of QE.
+
+And QE can't continue forever, because collateral is a fundamental part of the repo market which allows cash to flow in the economy. When you don't have collateral, you can't post the collateral in the market for cash from banks, and thus the flow of cash basically shuts down. You cannot perform a normal repo transaction between a Bank / Hedge Fund / Financial Institution.
+
+The Fed tried to stop QE after a while. Instead of pulling collateral out of the economy, they needed to try to push collateral back into the economy. In order to stop QE, they tried what was, in essence, the "reverse" of QE called Quantitative Tightening (QT).
+
+[Quantitative Tightening](https://en.wikipedia.org/wiki/Quantitative_tightening) (QT) - (or quantitative hardening) is a contractionary monetary policy applied by a central bank to decrease the amount of liquidity within the economy. The policy is the reverse of quantitative easing (QE), aimed to increase money supply in order to "stimulate" the economy.
+
+-   This is what the Fed will do to extract liquidity from the economy in order to push in collateral. It is used to attempt to reverse the effects of QE, to try to regain balance in the economy.
+
+-   This pulls out cash (liquidity) from the economy, and pushes collateral in.
+
+-   The Fed attempted QT in 2018, but it proved to have very bad consequences on the economy. So, they went back to QE in 2019, continuing to can-kick the effects of the 2008 crash.
+
+This is a chart showing the Fed's "Total Assets", where collateral is an asset for the Fed. So when collateral was extracted from the economy through QE, it went onto their "Assets" side of their balance sheet. When collateral was pushed back into the economy through QT, it was extracted from their "Assets" side of their balance sheet.
+
+1.  At the start of QE in 2008, there is a surge of assets due to the buying up of MBS's and treasuries.
+
+2.  Around 2018 the assets began to decline because the Fed attempted QT by pushing collateral back into the economy and sucking liquidity out.
+
+3.  Around September 2019 the assets began to increase again because the Fed went back to QE after realizing the negative effects it was having on the economy due to causing a liquidity shortage.
+
+So... what happened in September of 2019? Why did QT fail after a decade of QE?
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/x6pfomz2ck671.png?width=893&format=png&auto=webp&s=1c667c5cc3dbc94de50944208f107aac1dd72d73)](https://preview.redd.it/x6pfomz2ck671.png?width=893&format=png&auto=webp&s=1c667c5cc3dbc94de50944208f107aac1dd72d73)
+
+https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
+
+3\. Quantitative Easing Cannot Be Reversed. The Can-Kick Continues Until The Economy Crashes
+
+Despite pumping in a bunch of liquidity into the market through QE, the economy was still lacking liquidity. When the Fed started to reverse QE through QT, the liquidity in the market tightened and thus the negative effects on the economy began to surface in September of 2019.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/9sd32gdxdk671.png?width=630&format=png&auto=webp&s=0ee9d749419bc2b6c0a84682f6f9b0b886ceca93)](https://preview.redd.it/9sd32gdxdk671.png?width=630&format=png&auto=webp&s=0ee9d749419bc2b6c0a84682f6f9b0b886ceca93)
+
+https://blog.pimco.com/en/2019/09/repo-rate-spike-a-tail-of-low-liquidity
+
+Less than a year after starting QT, a liquidity crisis emerged on September 15th, 2019, when the repo rate spiked up severely. This was a clash of events surrounding the lower liquidity issue.
+
+> Banks' "reporting" dates are known inflection points in the short-term funding markets and typically fall at the end of the month, quarter, and of course the year. But periodically, the 15th of the month is also a pressure point. Such was the case this past Monday when a short-term funding rate that had been hovering around 2.21% soared as high as 10%.
+>
+> The funding market succumbed to a trifecta of pressures:
+>
+> 1.  Payments on corporate taxes were due on 15 September, leading to high redemptions of more than $35 billion in money market funds.
+>
+>
+> 2.  Cash balances increased by an additional $83 billion in the U.S. Treasury general account, which reduces excess reserves and simultaneously acts to reduce the aggregate supply of overnight liquidity available in funding markets.
+>
+>
+> 3.  Dealers needed an additional $20 billion in funding to finance the settlement of recent scheduled U.S. Treasury issuance.
+>
+>
+>
+> ...
+>
+> ...
+>
+> On September 15, as so many institutions needed funding, repo rates climbed well above the fed funds upper-end target at the time of 2.25% to briefly touch 5%. The following day, cash repo markets traded as high as 10% for those looking to finance agency mortgage positions overnight. Later that morning, the Federal Reserve Bank of New York acknowledged the pressures and conducted its first Open Market Operation (OMO) in more than a decade to add reserves to the funding markets that were clearly in need of the liquidity. Subsequently, after its meeting Wednesday, the Federal Open Market Committee (FOMC) announced a cut in the interest on excess reserves (IOER) of 0.30% -- five basis points more than its cut in the fed funds rate -- providing some relief to the upper bound of money-market yields.  - [Source](https://blog.pimco.com/en/2019/09/repo-rate-spike-a-tail-of-low-liquidity)
+
+Due to the reduced liquidity from QT, because it sucks out liquidity and pushes in collateral, the markets hit a critical point where there was too much cash that was needed and not enough to supply those who needed the cash. There was huge amounts of strain on the economy.
+
+This was most likely due to continued large leverage + derivatives abuse stemming from what led to the 2000-2007 Housing Market Bubble. The Fed realized that QT could not continue because of the liquidity shortage that was arising. They had to stop QT and continue QE in order to continue to pull out collateral and pump in liquidity. And thus, the collateral shortage time bomb continued ticking.
+
+Below is the figure of when the repo rate shot up to ~10% within a day. This was awful, because it was much more expensive for loans to go out. The repo market would have shut down from nobody wanting to spend 10% on a repurchase agreement to get cash for the day. How would ANYONE get 10% return overnight to pay for these loans? The flow of cash was about to halt.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/86p3getwwj671.png?width=771&format=png&auto=webp&s=2a503c9055d655f80557da8bf46744c205f60011)](https://preview.redd.it/86p3getwwj671.png?width=771&format=png&auto=webp&s=2a503c9055d655f80557da8bf46744c205f60011)
+
+https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm
+
+4\. COVID Initiated A Liquidity Crisis In The Banks, Which Now Fights With The Collateral Shortage
+
+QE continued on until 2020, when suddenly, COVID came in. Nobody expected it.
+
+And boy, oh boy, did COVID wreak havoc on the economy and the financial world. While the Fed was slowly approaching a collateral crisis through QE, COVID exacerbated the issue due to the sudden impact it had on liquidity. COVID increased liquidity, and when you have a sudden surge of liquidity, you need to balance it with collateral. The economic balance was tipping as of March of 2020.
+
+This does not even take into account the effects of many people losing their jobs, being unable to pay rent/mortgages, and other issues that arose from COVID. Those all apply to another ticking time bomb: the CMBS issue, equivalent to the MBS bubble of 2000-2007, which I discussed in my other post.
+
+The COVID pandemic caused a surge of money being printed from stimulus packages in the US. When you print a bunch of money into the economy on a whim, you risk driving inflation of the currency itself. What does inflation encourage? Less spending from companies, due to the higher price. This leads to less loaning of cash in the repo market, and banks obtaining an ever-surplus of cash.
+
+COVID caused a sudden surge of trillions of dollars worth that the economy couldn't handle naturally. Compare the treasury balance versus the deposits over time, and the surge that occurred in 2020 in response to the pandemic. The COVID stimulus bills pumped in a massive amount of money into the economy at the risk of inflation. And we're already seeing the effects of inflation occur on the [supply chain](https://www.businessinsider.com/why-supply-shortages-economy-inventory-chips-lumber-cars-toilet-paper-2021-5):
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/amwahlvykk671.png?width=877&format=png&auto=webp&s=1e343c265451a1b2d6754a4d04971bb445e58f43)](https://preview.redd.it/amwahlvykk671.png?width=877&format=png&auto=webp&s=1e343c265451a1b2d6754a4d04971bb445e58f43)
+
+https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
+
+Stimulus checks were sent out to retail. Companies were bailed out. Unemployment increased, resulting in more unemployment benefits going out due to the relief bills. More money printed. More money deposited at banks.
+
+There was a ton of cash (liquidity) being pumped into the economy over the past year from March 2020 to June 2021. Because of this, due to inflation and an excess of cash, banks began to get a surplus of cash deposited. People had more cash. They didn't need to spend money on rent/mortages. Companies didn't want to spend more due to fears of inflation. So, bank deposits went up.
+
+The main problem with this is that the cash deposited with the banks became a liability on their balance sheets. When you have a surplus of liabilities on your balance sheet, you need to 'balance' it out with assets, such as US Treasuries.
+
+The banks were now in trouble because they had way, way too many deposits. They were at risk of defaulting due to their SLR requirements. Here is a figure showing how deposits (liabilities) of banks increased over time. It mushroomed during the COVID pandemic:
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/6dm07sa3oj671.png?width=891&format=png&auto=webp&s=9acce6ceb03841c64828198eefff21eb06b1e310)](https://preview.redd.it/6dm07sa3oj671.png?width=891&format=png&auto=webp&s=9acce6ceb03841c64828198eefff21eb06b1e310)
+
+https://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687
+
+To combat this issue, the Fed decided to introduce a relief program for banks regarding SLR because of the massive increase of liquidity due to the uppercut that COVID created on the financial world.
+
+> The supplementary leverage ratio (SLR) 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)
+
+In more of a simplified summary, SLR is a requirement of total equity that a bank must hold compared to their total leverage exposure. If they are exposed to leverage, they need to hold enough capital for that position otherwise they are at risk of defaulting. In this case, they only need to hold a measly 3%-5%, dependent on how large of a bank they are. Just like in 2008 - these banks can have massive leverage and SLR is to "help protect the economy" from them abusing leverage.
+
+But hey, the Fed put in place some protections for the year to help these banks since they were obviously overleveraged to begin with. These protections expired on March 31st, 2021.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/14pa4yngtj671.png?width=1433&format=png&auto=webp&s=534726bcf83b0bf40ede7b196191d66c29094d6e)](https://preview.redd.it/14pa4yngtj671.png?width=1433&format=png&auto=webp&s=534726bcf83b0bf40ede7b196191d66c29094d6e)
+
+https://www.fool.com/investing/2021/03/29/the-fed-is-ending-one-of-its-pandemic-relief-progr/
+
+> The Fed's relief program last year allowed banks to exclude U.S. Treasuries and central bank reserves from the SLR calculation. The relief program was a response to the many non-banking institutions selling Treasuries to raise cash, and coincided with other measures, including the $2.2 trillion CARES Act, which resulted in even more Treasuries being sold into the market. - [Source](https://www.fool.com/investing/2021/03/29/the-fed-is-ending-one-of-its-pandemic-relief-progr/)
+
+Right after the expiration of the protection plans of SLR, the Reverse Repo market began to blow up because the banks had way too much liquidity and not enough treasuries on their balance sheets.
+
+The argument that the banks were "parking their money at the Fed" was a reasonable explanation at first. Though, with 0% ROI from the RRP at the time, the banks would literally get no return on their investments. So for that argument, all of their other investments would have had to yield negative in order for RRP to be more enticing. Does this make sense to you that they'd use 0% RRP to be an 'investment'?
+
+The fact that the RRP began to ramp up and then explode after the SLR protections lifted makes this look like a collateral shortage issue. And of course, with QE occurring over the past decade, makes it more likely, because collateral was sucked out of the economy and onto the Fed's balance sheet over the years.
+
+That was of course questionable on whether it was a liquidity or collateral issue, until, the RRP rate dropped negative in March of 2021, as well as in April of 2021.
+
+5\. Reverse Repo Rate Flips Negative; Warnings Of Collateral Shortage
+
+Think about it quite simply in a supply/demand factor and the reverse repo when the RRP rate dropped negative.
+
+You are a bank. You want to get Collateral from the Fed to balance your sheets. The Fed says they'll give you a small amount of interest for borrowing their collateral overnight. But now, imagine that the supply of collateral is too low and demand is too high. The Fed will no longer want to pay you for borrowing its collateral so it will shift the interest rate down. If demand really outweighs supply, then the Fed would then want cash from YOU in order for YOU to borrow the collateral.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/eysh9mx9ok671.png?width=961&format=png&auto=webp&s=4d9d1695922b01651eae06c6bcc2753ad0f5b789)](https://preview.redd.it/eysh9mx9ok671.png?width=961&format=png&auto=webp&s=4d9d1695922b01651eae06c6bcc2753ad0f5b789)
+
+https://www.reuters.com/article/us-usa-bonds-repo-explainer/explainer-u-s-repo-market-flirts-with-negative-rates-as-fed-seeks-to-absorb-excess-cash-idUSKBN2C32AI
+
+This was just one of the warning signs that a collateral issue was arising. The RRP rates were already at 0%, so the only way for them to move was either up or down. An increase in treasury demand could shift it down, into the negatives, which it did.
+
+6\. The Fed Is Fudging The Numbers And Hiding A Collateral Shortage
+
+The drop in RRP interest rates to the negative came after the Fed increased the total borrowing amount of counterparties in the RRP from $30 Billion to $80 Billion.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/by2ftlpopk671.png?width=1028&format=png&auto=webp&s=747f50e2fb63aabaedb6e9e947aa117f6c75f91b)](https://preview.redd.it/by2ftlpopk671.png?width=1028&format=png&auto=webp&s=747f50e2fb63aabaedb6e9e947aa117f6c75f91b)
+
+https://finadium.com/fed-increases-rrp-limits-from-30-billion-to-80-billion-to-ensure-supply-at-near-0-rates/
+
+Why did they do this? Think of it again as a supply versus demand issue. For simple math, imagine the Fed has 50 members.
+
+-   At a limit of $30 Billion per member, that is a total of $30B * 50 = $1.5 Trillion that can be borrowed.
+
+-   At a limit of $80 Billion per member, that is a total of $80B * 50 = $4 Trillion that can be borrowed.
+
+What is this doing? Why did the Fed increase the limit?
+
+It's artificially inflating the total "supply" of treasuries that can be borrowed by counterparties in the RRP. It is attempting to keep the interest rate positive because there is so much demand for collateral and not enough supply in the markets and on the Fed's balance sheet. The RRP was already at 0%, there was nowhere for it to go besides negative, which as you know implies a shortage of collateral and a red flag for the financial world.
+
+Not only did they artificially inflate the total supply to combat the demand by increasing the total borrow amount, the Fed decided to not affect the assets side of its balance sheet during these RRP transactions. This effectively leaves the supply of treasuries on the Fed's balance sheet the same. This is another method to can-kick to avoid interest rates going negative and flashing a collateral issue.
+
+> When the Desk conducts RRP open market operations, it sells securities held in the System Open Market Account (SOMA) to eligible RRP counterparties, with an agreement to buy the assets back on the RRP's specified maturity date. This leaves the SOMA portfolio the same size, as securities sold temporarily under repurchase agreements continue to be shown as assets held by the SOMA in accordance with generally accepted accounting principles, but the transaction shifts some of the liabilities on the Federal Reserve's balance sheet from deposits held by depository institutions (also known as bank reserves) to reverse repos while the trade is outstanding. - [Source](https://www.newyorkfed.org/markets/rrp_faq/rrp-faq-archive/rrp-faq-200715)
+
+We can see this visually from the Fed's balance sheet that they're not affecting their assets during the RRP. They're allowing counterparties to borrow treasuries WITHOUT affecting the supply - desperately trying to get away from the rising demand for treasuries and avoid treasury yields from snapping down (and likewise the price of treasuries up):
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/evxua80crk671.png?width=893&format=png&auto=webp&s=6a925b05e7a460b252457923ca97c730c511da6b)](https://preview.redd.it/evxua80crk671.png?width=893&format=png&auto=webp&s=6a925b05e7a460b252457923ca97c730c511da6b)
+
+https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
+
+On top of this, the Fed showed their hand ONCE AGAIN of fudging the numbers on June 16th when they bumped up the RRP rate to 0.05%. The short-term treasury yields briefly went BELOW the RRP interest amount of 0.05% on June 17th when the new RRP ROI was in effect.
+
+This is a BAD sign because now overnight RRP had a higher return than 2-month and 3-month treasury bonds.
+
+The Fed is fudging the numbers trying to hide the treasury bond shortage.
+
+The Fed cannot keep this up. They're trying to keep the T-bill yield curve propped up despite the treasury shortage. They're not affecting their balance sheet, and they also artificially increased the amount of treasuries in their "supply" by increasing the counterparty borrow limit from $30 Billion to $80 Billion.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/sp52qka5tj671.png?width=858&format=png&auto=webp&s=69d7ec8971035a7939f7bed116f7c923215019d6)](https://preview.redd.it/sp52qka5tj671.png?width=858&format=png&auto=webp&s=69d7ec8971035a7939f7bed116f7c923215019d6)
+
+https://alhambrapartners.com/2021/06/17/the-fomc-accidentally-exposes-itself-reverse-repo-style/
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/1f64o77tsk671.png?width=972&format=png&auto=webp&s=48e83c02895066c4e300c5a8adf3d3a065a6b016)](https://preview.redd.it/1f64o77tsk671.png?width=972&format=png&auto=webp&s=48e83c02895066c4e300c5a8adf3d3a065a6b016)
+
+https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
+
+The Fed is also planning on increasing interest rates. This starts to scare the economy, which is most likely why we're now seeing the dump of the stock market over the past few days and the dump leading into the week of June 21st. This is bad for the markets because it means it's going to cost more for the economy to function (e.g. what happened in 2019 when Repo Rates spiked to 10%). Companies have to spend more to hire, produce, etc. It costs the economy more to function.
+
+The Fed is pinned between a collateral issue from QE sucking out collateral, and a liquidity issue and COVID pumping in too much liquidity for the banks to handle.
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/uhhhzguotk671.png?width=1202&format=png&auto=webp&s=cab32cef615311320c6cf27461fa7fb18b0fc7af)](https://preview.redd.it/uhhhzguotk671.png?width=1202&format=png&auto=webp&s=cab32cef615311320c6cf27461fa7fb18b0fc7af)
+
+https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/p0v9ij2b0k671.png?width=1013&format=png&auto=webp&s=bf8f525bfc55e8f1287e921bbaaa408c5c27a253)](https://preview.redd.it/p0v9ij2b0k671.png?width=1013&format=png&auto=webp&s=bf8f525bfc55e8f1287e921bbaaa408c5c27a253)
+
+https://www.bbc.com/news/business-57090421
+
+7\. Quarter Ends Explode The Reverse Repo. The Next Quarter End Is June 30th, 2021.
+
+This is not a date to look forward to for GME potentially rising. This is a date of "Holy shit. The RRP could explode to the point where treasury supply vs demand is unable to take it any more".
+
+About 3-4 days prior to quarter ends, the RRP explodes up in the amount of collateral that is borrowed from the Fed. This is because of the underlying plumbing of the financial markets, identified in Section 3 above, causes additional strain on the financial markets. The banks need more collateral to prop up their balance sheets for the night of the quarter-ends.
+
+The RRP borrowed amount can shoot up almost 2-4x the current levels. The amount of RRP at the moment is $747 Billion. The RRP could explode 2-4x the amount it is at upon June 25th, 2021. What if it's $1 Trillion by then due to the massive amount of collateral needed by the banks? More?
+
+Can the Fed handle it?
+
+Can they still prop the yield curve up?
+
+Will the short-term treasuries dip below the RRP amount once more due to this shortage and flash red flags to the world of financial instability in the US?
+
+[![r/Superstonk - The Fed is pinned into a corner from the 2008 can-kick utilizing QE, and the economic effects of COVID. They are stuck battling a collateral crisis AND a liquidity crisis. The Fed is currently fudging the numbers of treasuries to hide a collateral shortage and to try to prop the ...](https://preview.redd.it/63daa1s8gk671.png?width=1277&format=png&auto=webp&s=d04d4a6b577152d26d6f7ea6e0c31f05f7ce80dc)](https://preview.redd.it/63daa1s8gk671.png?width=1277&format=png&auto=webp&s=d04d4a6b577152d26d6f7ea6e0c31f05f7ce80dc)
+
+https://www.reddit.com/r/Superstonk/comments/nylihz/previous_rrp_behavior_on_quarter_ends_massive/
+
+If the US Treasury yield curve snaps down from this instability and the Fed no longer able to prop up the yield curve, then it can drive treasury prices up.
+
+If [/u/atobitt](https://www.reddit.com/u/atobitt/)'s "[Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" is true and they're actually shorting treasuries, then that can lead to banks defaulting due to the price of treasuries shooting up. When they default, they'll be forced to buy up all the treasuries that they've shorted into the market.
+
+And it is very possible that they are shorting treasuries.
+
+When performing RRP of 0%, the repo market was most likely shut down due to nobody needing cash loaned out. The banks only profitable move was to perform the RRP with the Fed and then short treasuries into the market, rehypothecating the treasuries to other parties. This would have also helped prop up the market by artificially increasing the supply of treasuries (collateral) in the market.
+
+If it's true, and they have truly been performing the "Everything Short", then it could initiate a Global Financial Crisis equivalent to The Great Depression.
+
+Do I want that to happen? No. But is there a chance? Yes, there is.
+
+Is GME going to squeeze? Is the DD just false hopium? I don't think it's just hopium. I believe in the DD.
+
+But some users might think otherwise and not believe in GME or the DD. Hello users outside of [r/superstonk](https://www.reddit.com/r/superstonk/)! If you're reading this, check out the DD on the subreddit!
+
+Even if there's a slight chance of a GME squeeze in your eyes, and all of these signs are pointing to a market crash...
+
+[Why not give it a shot](https://www.youtube.com/watch?v=l4nSHsbFe-o)?

DD/ETFs/2021-06-12-Beware-of-Passive-Investing-in-Index-Funds-and-ETFs-Post-MOASS.md

@@ -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.
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/urkvn2b0lu471.jpg?width=1100&format=pjpg&auto=webp&s=b3070056e7884a100e9bcbb7ffb05ef1999c379c)](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!
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/319eyr6olu471.png?width=1379&format=png&auto=webp&s=d222cf2abf998786a7bdf2da33f352c55628eae2)](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.
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/ctv95wgqqu471.png?width=1549&format=png&auto=webp&s=19461c245c1989cb8654e5ed872d664e36213eec)](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.
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/515d36poru471.png?width=994&format=png&auto=webp&s=fd009526e6a8b00f01e274d6223bcc707c70b32d)](https://preview.redd.it/515d36poru471.png?width=994&format=png&auto=webp&s=fd009526e6a8b00f01e274d6223bcc707c70b32d)
+
+Technology
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/00v3e4rsru471.png?width=990&format=png&auto=webp&s=34395dedf841a62efafad015d607a662679f6e8d)](https://preview.redd.it/00v3e4rsru471.png?width=990&format=png&auto=webp&s=34395dedf841a62efafad015d607a662679f6e8d)
+
+Energy
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/alnhlbuxru471.png?width=1025&format=png&auto=webp&s=f89fd9dc4927e3bd944155200594321b87e691c1)](https://preview.redd.it/alnhlbuxru471.png?width=1025&format=png&auto=webp&s=f89fd9dc4927e3bd944155200594321b87e691c1)
+
+Airline
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/zsibrimvru471.png?width=1020&format=png&auto=webp&s=4adb3fcc71341df58db32d90e5309c4cb94ad69b)](https://preview.redd.it/zsibrimvru471.png?width=1020&format=png&auto=webp&s=4adb3fcc71341df58db32d90e5309c4cb94ad69b)
+
+Manufacturing
+
+[![r/Superstonk - Beware of Passive Investing (Index Funds and ETFs) Post-MOASS - Growing Wrinkles with Michael Burry, weekend of June 11th 2021](https://preview.redd.it/nswxamgzru471.png?width=1073&format=png&auto=webp&s=5e2ca05a6da8dfb73ed636101a8a4b6bb192d850)](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.

DD/Forecasting-GME-Prices-by-RocketApes/2021-05-30-Forecasting-GME-Closing-Prices-Part-I.md

@@ -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:
+
+[![r/Superstonk - 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?](https://preview.redd.it/3ce2pe9p6b271.png?width=913&format=png&auto=webp&s=562b5bccbd0ed527e0f87aebab74f61eccd747fa)](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/)

DD/Forecasting-GME-Prices-by-RocketApes/2021-05-31-Forecasting-GME-Closing-Prices-Part-II.md

@@ -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):
+
+[![r/Superstonk - The price of GME since February is completely predictable: "Kicking the can down the road" mathematically deciphered. See what determines GMEs price.](https://preview.redd.it/7lef0ay7oh271.png?width=786&format=png&auto=webp&s=0d6218c3a6032228a5fb3f8c8e1a8c83592107a7)](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:
+
+[![r/Superstonk - The price of GME since February is completely predictable: "Kicking the can down the road" mathematically deciphered. See what determines GMEs price.](https://preview.redd.it/xt025ydgoh271.png?width=808&format=png&auto=webp&s=559ed62360ecb79e67f6b8c130fb9e9dd3d1b162)](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).*

DD/Forecasting-GME-Prices-by-RocketApes/2021-06-12-Forecasting-GME-Closing-Prices-Part-III.md

@@ -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:*
+
+[![r/DDintoGME - GME price development decoded: A final update on GME price prediction](https://preview.redd.it/ygzikkivbv471.png?width=864&format=png&auto=webp&s=687ba1a0b09b08d5a6527e6e82248a2ac02ea1e6)](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
+```

DD/Its-Just-a-Pyramid-Scheme-by-hell-mitc/2021-05-17-Its-Just-a-Pyramid-Scheme-Part-I.md

@@ -0,0 +1,134 @@
+It's Just a Pyramid Scheme Part 1: The Missing Cornerstone
+==========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/hell-mitc](https://www.reddit.com/user/hell-mitc/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nexfv4/its_just_a_pyramid_scheme_part_1_the_missing/) | 
+
+---
+
+[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)
+
+Hey Everyone!
+
+What a fucking few days hey? GME closes almost 15% up, streamers that are more interested in their weird tarot card readings than actual data, FUD that we can barely even spot anymore, and an IV increase that is being hidden by a hidden company none of us have even talked about. Wait... what was that last part? Oh yeah haha, another fucking DTCC that we have all neglected or overlooked or just got buried somewhere. Here it is, another banker filled board that oversees ALL OPTION CLEARING DATA.
+
+No, I am not fucking around - it is stated on their website:
+
+<https://www.theocc.com/>
+
+The mother fucking OCC.
+
+<https://preview.redd.it/n2mh2lwgkrz61.png?width=1035&format=png&auto=webp&s=1505e0d8779a48ceeaa9797df719a8f203b2200e>
+
+The largest derivatives clearing organization. Stability. Integrity. Overseen by the SEC and CFTC. Major OTC clearing for options.
+
+Who might want to clear options OTC to maintain a free market that doesn't drown them?
+
+How about banks and institutions who accepted these giant fucking pile of dog shit option contracts from market makers who are hedging bets and cut off buying/selling in Jan?
+
+1.  Chairman - One of the most influential people in finance (knows Chicago trade and mergers origins).
+
+2.  Managing Director, Head of Americas Asset Management Services, Bank of America - Literally still works for BoA, previously Morgan Stanley. What a fucking conflict considering what is currently going on between apes and the fact that BoA holds shares and puts on GME, and we have successfully proved the data is being manipulated (Ill come back to more on manipulation through these guys).
+
+3.  Founding Member - Literally has worked for BoA, Goldmans, Morgan Stanley. Probably one of the geniuses behind this since he's the tech guy.
+
+4.  Partner and Head of Market Structure, Wolverine Trading - DONT THESE GUYS HOLD A VERY LARGE, UNHEDGED PUT POSITION ON GME?!?! WHAT IN THE FLYING FUCK IS GOING ON?!
+
+5.  Executive Vice President & CIO, Interactive Brokers, LLC - DIDNT THESE GUYS HALT FUCKING TRADING TO GME IN JAN???? WE FUCKING KNOW THEY DID.
+
+6.  Managing Director, General Counsel Department at Credit Suisse Securities (USA) LLC - Oh another banker overseeing the largest derivatives clearing corp, when the banks are currently going through a liquidity crisis.
+
+7.  Vice Chairman, NASDAQ Inc. - I actually think the NASDAQ is probably the free and fair market we are looking for. I have no comment.
+
+8.  Chief Strategy Officer, Intercontinental Exchange, Inc. - Seriously. This is getting tedious. CSO. ICE which owns NYSE. Oh, and represents them on the DTCC board. Lol fuck me, right? But retail is definitely the problem.
+
+9.  Executive Vice President, Chief Operating Officer, Cboe Global Markets - No issue with this guy. I actually think the CBOE Bats thing might be beneficial to us. But that is another DD.
+
+10. Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. - Ex Goldman-Sachs guy. Obviously.
+
+11. Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. - Just another individual investor exchange board member. TD Ameritrade (didn't they do some shady shit?). Anyway.
+
+12. Chief Regulatory Officer, Intercontinental Exchange & General Counsel, NYSE Group - Oh look, another ICE/NYSE lawyer, which has let Citadel and friends run the show on the NYSE, especially GME.
+
+13. Former Financial Executive - Meh no issues she seems to have been just a hard nosed finance person. Unless someone wants to dig in more, no complaints, just a derivative guru.
+
+14. Managing Partner, Windham Capital Management Inc. - Oh look, an ex Bear Sterns PRESIDENT. Curious how he made out after the crash and I would be even more curious about his insider trading reports for Bear.
+
+15. Chairman, Risk Committee, Kepos Capital LP - Oh look, an ex Goldman Sachs partner. Again...
+
+16. General Counsel, Citadel Securities - My fucking favorite board member on the list. This is pretty much self explanatory. Oh, and a FINRA grad.
+
+17. Co-founder and Chief Executive Officer of DASH Financial Technologies - Meh. Nothing crazy. Has a vested interest in OTC markets for large institutions.
+
+18. Managing Director and Global Head of CCP Strategy and Resource Optimization, Morgan Stanley - Literally works at Morgan Stanley
+
+19. Economist - Ex Federal Reserve person. Regulated OTC derivatives market.
+
+<https://www.theocc.com/Company-Information/Board-of-Directors>
+
+There you go. That is the start of how the system has be built to keep the wealthy, well, wealthy. And what I am going to conclude from the next bit should really show how they're bending the fucking rules to make sure this doesn't cause too much of a ripple (in my opinion - this is how I cope in case they decide to fuck it all over again and say "well retards it went to $x is that not enough? Greedy apes").
+
+I said once, derivatives and options surrounding GME have become the main issue. This is how they are balancing their books to avoid margin calls through their lenders (I.E. Goldmans, Morgan, BoA, get the idea here of *how and why*?) They are purposefully changing the math, and I think I can prove it, right now.
+
+NYSE OPTIONS CONTRACTS
+
+I found the mapping data for the NYSEArca contracts and it has some interesting data. They don't even consolidate the option data until 5pm the next business day. Which means it is 100% probable that the OTC trades take over for deals to settle option contracts for large financial institutions the next day. And the lights are most likely on because they are making phone call after phone call trying to run their quants and figure out what they can trade for some moon tickets. This means that these guys are trading on the back end, in bulk, being overseen by our new favorite board of bankers and lawyers.
+
+<https://ftp.nyse.com/>
+
+<https://preview.redd.it/r0c51cybxrz61.png?width=651&format=png&auto=webp&s=09ed8102c962ab2f04b243d4244b6ec5fa76e35d>
+
+Ive been cross referencing the ArcaAmex data with the OCC data, because on OCC you can actually check option data (which seems awesome because you would think the main derivative clearing corp would have up to date info). And there is definitely some weird data coming from the OCC.
+
+<https://preview.redd.it/6hkc2jbfyrz61.png?width=297&format=png&auto=webp&s=c437168f9d1cad8b2663d52847586eda0a97db92>
+
+0 OI for GME May 14 Calls (all in the money in this case).
+
+0 OI for GME May 14 Puts (all in the money).
+
+Ok but ok. Maybe they dont update it. But the May 21 Calls are there...
+
+<https://preview.redd.it/mat2h8ltyrz61.png?width=307&format=png&auto=webp&s=52f3d526485cd19469ff1d87056c56309f5df70c>
+
+Ok... And before you say these arent sourced from everywhere:
+
+<https://preview.redd.it/qqluvrv2zrz61.png?width=954&format=png&auto=webp&s=65e87312e800ff73309689899b93f3efaed9cd71>
+
+The info is here <https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options>
+
+These should literally be updated daily. And depending on who's buying and paying attention, there should definitely be some movement. But anyway, lets go look at TODAYS data for May 21 GME options, through the company that OCC links all their derivative data through.
+
+<https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh>
+
+<https://preview.redd.it/iwi1zukvzrz61.png?width=1905&format=png&auto=webp&s=a5d5a158b26d1831c2170a8ecc8fb48fa8a2db88>
+
+Notice anything weird about the IV? And the cost of the option vs the strike price? Literally the Deep In The Money calls mean worth is the exact same cost as a share. And we know that everything about "free and fair market" in the last little while has been about "taking the best average cost at market value for our clients" (my broker touts this - I assume most do).
+
+And the IV is significantly lower than what other sources are saying. Barchart has $10 calls at 1600% IV, yahoo same thing. Odd that this data is almost purposefully deflating the IV of GME, considering after the last massive increase in IV was Jan. No, seriously:
+
+<https://preview.redd.it/6ro04put0sz61.png?width=547&format=png&auto=webp&s=5a1e601fc6c657a49ec675ced38e8852f81917ed>
+
+And if we go back to the NYSE Arca data, the consolidated short interest changes with how many shares are short as well. Check this out, I am only going to go to the end of Jan because there is a ton of data, but maybe Ill do the rest after to prove their algo is betting against retail. Because they only changed it once WSB reallyyy started to get into GME mid January. And they didn't expect the upward buy pressure, so they manipulated the market through the OCC to make this work in their favor.
+
+<https://preview.redd.it/cjoc7rzc4sz61.png?width=562&format=png&auto=webp&s=2b3635a3b7388c689b51820f2ec251819e3b6380>
+
+The short volume literally started to MIMIC THE FUCKING BUY VOLUME AFTER MID JAN. HOLY FUCKING PYRAMID SCHEME BATMAN.
+
+I said it before, and I personally think this definitively concludes that the banks, shitadel and other hedge funds, and the regulatory bodies like the OCC are working against us through algos, reddit scraping, and OTC. Thanks for attending the fucking TedTalk. I hope we can all buy and hold more. Not financial advice. Just an ape who wants tendies from these people who have made a fortune off our hard work and lower class lifestyle. Buckle up hodl, and dont forget your hellmits.
+
+<https://preview.redd.it/suvwgwjq5sz61.png?width=487&format=png&auto=webp&s=35219ddfceb080e409f2bf4cd0790476d237d3ca>
+
+References:
+
+1.  <https://ftp.nyse.com/>
+
+2.  <https://www.theocc.com/>
+
+3.  <https://www.theocc.com/Company-Information/Board-of-Directors>
+
+4.  <https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh>
+
+5.  <https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows>
+
+6.  Oh and the fucking terminal drops.

DD/Its-Just-a-Pyramid-Scheme-by-hell-mitc/2021-05-27-Its-Just-a-Pyramid-Scheme-Part-II.md

@@ -0,0 +1,146 @@
+It's Just a Pyramid Scheme Part 2: The Top of the Pyramid
+=========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/hell-mitc](https://www.reddit.com/user/hell-mitc/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmmbtc/its_just_a_pyramid_scheme_part_2_the_top_of_the/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Whats up fellow degenerates?!
+
+I hate that you people make me do this but TL;DR - CTA, ICE, Banks, FINRA, Fed, money printer go brrr, and we are all living in a simulated pyramid scheme.
+
+Another crazy week and it isn't even over yet. Looks like the DD and everything else we are seeing seems to be actually real (kind of fucked up, I know, our confirmation biases are off the chart, especially after reading buttfarm69s crazy fucking DD earlier. And obviously HOC2 and 3 have been an eye opener for how FINRA "governs" all the data reporting).
+
+I'm back with another hypothetical, philosophical, technical evidence based, adderall fueled erection, DD. I wanted to post this a while ago and just waited because we are all just kind of sick of reading. But here's some confirmation about time travel and how our favorite GME investor(s) might be coming from the future. I hadn't even posted this yet and Cohen came out with how we were all feeling when this started going up again (boner city amirite?).
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/km88pvw2rq171.jpg?width=4032&format=pjpg&auto=webp&s=c074451f83b4bfc8e64e468af0a4cd086cf96770)](https://preview.redd.it/km88pvw2rq171.jpg?width=4032&format=pjpg&auto=webp&s=c074451f83b4bfc8e64e468af0a4cd086cf96770)
+
+Hehehehe it's big right? I saw this at my buddies 3 weeks ago and thought of all of us, but had to wait. It wasn't right yet. It is now right.
+
+Anyway. Theres a real DD encased in this rocketship flying hard-on; it's all about how the crazy pyramid scheme we live in creates an illusion like we should just be born, work, retire for a couple years, and die. The circle of life right? Wrong mother fucker. We should be able to enjoy the little things in life like watching our kids grow up, or staying healthy and feeling great, or doing a bunch of blow out of a strippers crack -- whatever you want really. Yet here we are. 300k of us (120k degenerates online not working clearly) slaving away hoping there's more to life. And yes, it takes a village and different facets of society to succeed, but people should do what they love, and finding out how they can succeed and actually benefit society would be better than sticking them in a corner because we don't really care or because a billionaire needs another yacht. But, I digress. We want to change the world but chances are our tendies will just help to innovate and *hopefully* change things for the better. There are still going to be corners of the world that have to carve giant flying dick rockets to survive. So barring that, are we going to change the world? Or just change those in control of the status quo? Ill leave that for you to decide because what I have figured out is just a round about way of saying how fucked we all are even after this moons, because we have been borrowing from our collective future in this capitalistic world for far too long (MMT). I'm greedy too so I don't really care. I just don't want to get up at 5 or 6am anymore.
+
+Lets get started instead of going though some philosophical debate about ourselves hey? Ok. Fuck you too.
+
+You wanted some mind-bending drugs to help wrap your head around this gongshow of an illusion we're in?
+
+Well, I don't have any, I only have data and the greatest pyramid/ponzi scheme ever sold (I'm going to use these interchangeably, because its almost pretty much the same - one you buy in and sell to others [like when I tell people I just like any stock], and the other, you buy in and get paid with promises from someone else's deposit [exactly what is happening with GME from our hedgefuck friends], zero sum game and someone loses).
+
+Once I wrote a DD on how we actually get the data from Yahoo, or Nasdaq, etc. I guess until now I never really realized how important that data was. If you did, congrats and fuck you, where's the DD? Seriously, post it Ill read it. In all seriousness I haven't seen too many mentions of these guys.
+
+Anyway, I decided again we need to start hunting for that full process. Because now more than ever, we are being told that data is popping up as "Just a bug, bro". This term seems to be used as an old school trader term, "oh it's just a glitch" was a comment made when something happened that you couldn't explain, because chances are it was a competitor fucking you in the ass or getting a jump on you. I can tell you right now, risk and compliance guys (lawyers and adjusters), don't fuck around. If it can cause issues in underlying code, it won't exist for long. In fact, most of what I'm about to show you is rigorously tested before you're allowed to be an exchange at market. I can say that because if you comb through the technical documents, you'll see that FINRA is the main factor here. And honestly I am thinking we should build the A.P.E. (Ape Penis Exchange) Exchange. Yes, exchange should be included twice to get across how retarded we are.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/t1nwc41b6r171.png?width=268&format=png&auto=webp&s=f616836b5322e08ee17c510e5df3bf062400816d)](https://preview.redd.it/t1nwc41b6r171.png?width=268&format=png&auto=webp&s=f616836b5322e08ee17c510e5df3bf062400816d)
+
+Your knowledge about the market is about to change forever. Because (and I quote myself here), I'm about to blow your mind like our moms should have done to our Dads instead of letting him finish inside her and bringing us into this clown world pyramid scheme.
+
+We've been seeing a lot about NBBO and what it means to the surrounding price that we see placed into the market. And here is where the CTA comes into play.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/wdqt37wd6r171.png?width=624&format=png&auto=webp&s=3ae9086c0ff19684275630f467a0fd846f07788a)](https://preview.redd.it/wdqt37wd6r171.png?width=624&format=png&auto=webp&s=3ae9086c0ff19684275630f467a0fd846f07788a)
+
+Basically, anything that has to do with the NYSE, flows through the CTA. NASDAQ gets that data, your broker gets that data, Shitadel gets that data, IEX gets that data, etc. and they all disseminate it accordingly. Based on the wording, I do not believe the "central consolidator" is a separate entity, just a platform that gives us the CTS and CQS. Although, based on HOC yesterday, it is entirely plausible that it is FINRA. Lol. And they mostly capture that data because if you look at the tape corrections in May, they JUST updated some Jan 29 info for GME.
+
+This data effectively gives us the ability to calculate the NBBO, and they make the decisions to halt. Thanks, FINRA.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/q00o75lj6r171.png?width=647&format=png&auto=webp&s=10da06c3201ddf4a9e9011ec80e614e60facd8ef)](https://preview.redd.it/q00o75lj6r171.png?width=647&format=png&auto=webp&s=10da06c3201ddf4a9e9011ec80e614e60facd8ef)
+
+"National Best Bid and Offer is a regulation by the United States Securities and Exchange Commission that requires brokers to execute customer trades at the best available (lowest) ask price when buying securities, and the best available (highest) bid price when selling securities, as governed by Regulation NMS."
+
+These are typically in groups of 100, like we all know, and can have a spread depending on how fast the data gets there and back again, by Bilbo Baggins (latency, son). I don't really want to get into how this is all working, because latency plays a factor and is described on the website, and because people with more knowledge than me can explain it better. What I did want it to lead to was this; this data is OWNED by one group. Another company listed on the NYSE, in which the DMM is, yeah, that one.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/9a7f1t9z6r171.png?width=268&format=png&auto=webp&s=c2e674ffc7b76aa2b92af16dfffd9ad4cee423dc)](https://preview.redd.it/9a7f1t9z6r171.png?width=268&format=png&auto=webp&s=c2e674ffc7b76aa2b92af16dfffd9ad4cee423dc)
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/5egogcw17r171.png?width=602&format=png&auto=webp&s=cd15beaf5d39ccbc165af94c1a49915b77164b7c)](https://preview.redd.it/5egogcw17r171.png?width=602&format=png&auto=webp&s=cd15beaf5d39ccbc165af94c1a49915b77164b7c)
+
+Fucking ICE, again.
+
+Is it just me that it seems weird to that the Intercontinental Exchange, is listed on the NYSE, has had steady growth with, like, no fucking bad times, and has this intimate relationship with a DMM that can pretty much do whatever they want? All while SIMULTANEOUSLY CONTROLLING THE FUCKING DATA TAPES??? They literally accept the data, consolidate the data, disseminate the data, and trade their own symbol, through themselves??? Are you fucking kidding me? In what realm is this not a monopoly on data or a conflict of interest? I have said from the beginning this is a data whore competition. And those in control don't want to lose that, they want to keep the cash cow producing, and they want retail to keep throwing their money in the pot so they can see where it is going (hint odd lots, PFOF, robinhood, blah blah blah).
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/z2kifx567r171.png?width=489&format=png&auto=webp&s=a7f461370140863d6fb382e972ae5fb5d0537b09)](https://preview.redd.it/z2kifx567r171.png?width=489&format=png&auto=webp&s=a7f461370140863d6fb382e972ae5fb5d0537b09)
+
+or, rick and his banana
+
+Here is where it gets a bit fun. Who are the entities involved in commenting on these rules? You know, the odd lot ones that they have wanted to contribute to data tapes for 2 years that are still being worked out.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/5w2bere87r171.png?width=624&format=png&auto=webp&s=7ca38bae34ce7cf4ac78c0e8a5d4336f38b963bd)](https://preview.redd.it/5w2bere87r171.png?width=624&format=png&auto=webp&s=7ca38bae34ce7cf4ac78c0e8a5d4336f38b963bd)
+
+This pretty much says they want to include what retail is paying and disseminate it on the data feeds, which would give a pretty decent glimpse into (as per the SEC MIDAS) the growth of odd lots from "5.7% of volume and 21% of trades in 2013 to almost 11% of volume and 38% of trades in 2018". Holy fuck. Almost 40% is retail blocks? Well who benefits from this? Retail, obviously, it'll drive the price up when HFTs aren't as effective because retards just hit "Market Buy" (you're fucking right I do). And as per our buddy Jim, "price doesn't matter to these guys they just keep buying". Haha fuck ya we do. Anyway, here is who commented:
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/v5sa1pk97r171.png?width=624&format=png&auto=webp&s=e6821af26d86b98169f5e46b5c4891bd8c81ea41)](https://preview.redd.it/v5sa1pk97r171.png?width=624&format=png&auto=webp&s=e6821af26d86b98169f5e46b5c4891bd8c81ea41)
+
+Astonishingly enough, most of them are positive. Long term investors might not benefit as much as, say, giant hedge funds who trade extremely fast? And skimming bit-by-bit equals A LOT.
+
+The anonymous ones are funny -- "HELL NO". Obviously someone is making some money off of NBBOs and Odd Lots. Shitadel, however, 100% for. Weird. Butttt, our theories have come to conclude that Kenni Boi wants to know what retail is doing because we are dumb money, and he likes to bet against us. This is why his risk management strat is so important here. As history states, average hodl time has gone from 7 years to 100 days (I cant remember that reference, it's here somewhere). This is why the banks invested so heavily in hedgefucks and derivatives. In my last DD, I showed you an organization called the Options Clearing Corp, that seems to be helping them cook their numbers. I noticed last Friday, that as soon as I posted their OIV website about the IV not matching Yahoo and Barchart, they closed the bypass. Lol. If that doesn't help your confirmation bias about who is watching us, I don't know what will. Because as I stated, they seem to be changing the greeks in order to manipulate the books. For the banks. And I have found some even more fun information with regard to how these entities are overseen (if you want to call it that). So why is this company overrun with banking fatcats and executives? Because it is the banking brokerage arms that are fucked here. Not just the hedgefucks. And they legit think they are too big to fail. Fucking Dimon and that dumbass smug look on his face. Just mocking us because they think we don't know what we know. I'm going to build the A.P.E. Exchange and not let you play in it! Too immature? Ok moving on.
+
+Why do all these people leave big banks and regulators to go work for hedge fucks and small firms? Because its easier to skim a few hundred million from the public in a smaller firm than it is a massive banks with huge government oversight.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/bpdbl7nt7r171.png?width=624&format=png&auto=webp&s=46545788afb9d8dce2f6a03ae037f8e32a9a1dae)](https://preview.redd.it/bpdbl7nt7r171.png?width=624&format=png&auto=webp&s=46545788afb9d8dce2f6a03ae037f8e32a9a1dae)
+
+Global Systemically Important Banks. Funny because it almost implies they have a carte-blanche to do what ever the fuck they want as long as the appearance is that they are benefiting the public, not loaning in a fractional reserve system to hedgefucks who then just take the money back in and inflate (grossly) the amount on the books. Oh wait... You mean, they only receive what is called "Supervisory Guidance"? What the fuck is that?
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/ylvq9edy7r171.png?width=537&format=png&auto=webp&s=c1dd42410c61be114bfddf8003bb88fb0d3acc43)](https://preview.redd.it/ylvq9edy7r171.png?width=537&format=png&auto=webp&s=c1dd42410c61be114bfddf8003bb88fb0d3acc43)
+
+Interesting... So, like, all these rules we are seeing passed, guarantee that we as retarded apes will be protected, right?
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/03falqs08r171.png?width=537&format=png&auto=webp&s=5b060fe66183815e0ad7ce2fe36d029612a434d0)](https://preview.redd.it/03falqs08r171.png?width=537&format=png&auto=webp&s=5b060fe66183815e0ad7ce2fe36d029612a434d0)
+
+Yeahhhh. Of course we are the ones protected. Not the Self. Regulated. Organization. These should be conducted in private so the public doesn't get pissed off when they see how sheeple they really are. So, want to see who really has interest in these the data and numbers staying hidden? Here's a little excerpt from the Chamber of Commerce site about the House Finance Committee Meeting, and for some unknown reason, a regulation we were all hoping would be passed.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/rb58auo88r171.png?width=624&format=png&auto=webp&s=22a680bbbe3ad20287cc23483ac0ef4fbf779516)](https://preview.redd.it/rb58auo88r171.png?width=624&format=png&auto=webp&s=22a680bbbe3ad20287cc23483ac0ef4fbf779516)
+
+That's odd. Why would the Chamber of Commerce be opposed to the committees recommendation?
+
+Oh I know, is it because private businesses classified as "small/medium sized enterprises" that might be laundering money off-shore for the mega rich would be exposed to small time investors that could actually get liquidated and pay out 10's of millions of dollars? No never mind that doesn't seem likely.
+
+I'm at a loss. Because we have this retarded system that would put more money back into the economy if by some crazy chance short interest through banks and hedgefucks had to be covered. And for some reason, the main enterprise representing small businesses, and even provide them with Metlife mutual funds and insurance, doesn't want public small investors to know where the money is. In fact, they *explicitly* state "Global tax authorities already have access to..." Soooo, why has the Fed, SEC, IMF, fuck sakes even the local neighborhood watch at this point, not looked into where the money is flowing? Well they probably have, and don't want to tell us. And why the money printer has to constantly go brrrr for companies that have subsidiaries based in Brazil, Luxembourg, Cayman Islands, etc. Seriously, type a major bank into your search engine with the word subsidiaries next to it. Youll see what I mean (<https://www.sec.gov/Archives/edgar/data/19617/000119312508043536/dex211.htm>). They know money is flowing out of the country to these master funds, holding companies, etc. And only a handful really are listed through their 13Fs? There's another interesting term I only came across when I started looking at Citadels filings. "Event Driven Master Fund".
+
+Either $27T is just what is on the books in the US, and the greenback is literally sitting in foreign bank accounts to promote the status quo -- or money is being funneled out of the country faster than the shorts master funds are draining at this point, to allow the 1% (whoever that may be), to do whatever they want with as long as it can be transferred to their own holding company. I too, want to know what's in those funds. I think the public is owed that much considering it's the almighty tax dollar that keeps being printed. No? The global economy is literally at risk because money printer go brrrr.
+
+[![r/Superstonk - It's Just a Pyramid Scheme Part 2: The Top of the Pyramid](https://preview.redd.it/9kgeof4sfr171.png?width=585&format=png&auto=webp&s=68c39aff607c28c34c7c716edba1896f9033fe3e)](https://preview.redd.it/9kgeof4sfr171.png?width=585&format=png&auto=webp&s=68c39aff607c28c34c7c716edba1896f9033fe3e)
+
+Something I really only grasped yesterday, the fact that Reddit most likely had a sueball thrown at it after or before the Jan gamma ramp. Crymer pretty much confirmed that in his CNBC interview when he said we should be classified as a buying group. Basically, we are either protected by freedom to speak our minds on here and speculate. Or we are an entity that wants to invest. A guy shoved a banana up his ass on here the other day. I haven't heard of many wall street investment funds that have people doing that (could just be because they don't want people to know, but whatever, we are just a group of retarded apes). One of two things are happening behind the scenes I believe:
+
+1.  The global elite who have used the banks, hedge funds and US economy as their own personal slush funds for 50+ years are failing to contain short interest to obliterate companies and take back pensions they didn't want to give out in the first place. And they will drag this out as long as they can before they try to blame retail. Or;
+
+2.  BlackRock and Vanguard are actually the 1% taking control over a new generation that has continued to question why we are actually slaving away. I can only speculate with this, as they literally have majority ownership of a TON of fucking companies. Even the banks. ICE, GME, everything.
+
+Personally, I think it's number 1 now. BlackRock and Vanguard seem to have kind of played the role of balancing the force, and will take over when these guys start to default. Which is why A LOT of funds are holding BLK or iShares. But I am not sure. Ill leave that to you guys to decide. Either we are all fucked no matter what, or this is going to $20M and shit will change for the better. The only thing Ill say is; You Either Die A Hero, Or You Live Long Enough To See Yourself Become The Villain. Going to take a little break from digging for a little bit. The only thing really left is panama papers to cross reference with everyone on these executive boards. We can probably trace some offshore accounts to those people. But again, I don't want to get into that. It isn't the time.
+
+But what I will say is this, I think A.P.E. Exchange as an open source, free, non-profit exchange would be a good idea. Could probably be coded in a year. Because for one, people we trust are telling us there are just bugs popping up. Go look at the technical docs on the CTA site and tell me they aren't fiercely regulated against coding issues and hacks. The other possibility exists that we could move to GMEs new blockchain, a nice place we are watching be born, with no manipulation. But who knows.
+
+Anyway, I'll leave it at that. You guys are big boys now too, we can all make decisions on how we should proceed. If we are going to wait for FINRA to do the right thing and potentially stop their data fallacies. Or if ICE needs to be removed from the equation because they have too many hands in all the facets of the data networks. Or if these SROs should maybe have more oversight than just the SEC holding my giant rocket dick, edging me while we haven't even crested $10k yet.
+
+Personally, I just like the stock, and buying, hodling and voting makes me extremely erect.
+
+To Ape, Didn't Read the TLDR: GME to $20M or bust, fuck your pennies otherwise.
+
+See you guys in the comments. Tomorrow probably.
+
+Oh ya and
+
+References:
+
+1.  <https://www.ctaplan.com/index>
+
+2.  <https://www.sipc.org/>
+
+3.  <https://www.nyse.com/publicdocs/nyse/markets/nyse/designated_market_makers.pdf>
+
+4.  <https://www.sec.gov/marketstructure/midas-system>
+
+5.  <https://www.federalreserve.gov/supervisionreg/community-and-regional-financial-institutions.htm>
+
+6.  <https://www.federalreserve.gov/publications/2021-april-supervision-and-regulation-report-appendix-a.htm>
+
+7.  <https://www.financialresearch.gov/gsib-scores-chart/>
+
+8.  <https://www.sec.gov/Archives/edgar/data/312069/000119312512142026/d278890dex81.htm>
+
+9.  <https://www.sec.gov/Archives/edgar/data/19617/000095012303002985/y83354exv21w1.htm>
+
+10. <https://www.uschamber.com/letters-congress/us-chamber-letter-markup-the-house-financial-services-committee-2>
+
+11. <https://www.ctaplan.com/tech-specs>

DD/Quantitative-Analysis/2021-06-12-Statistical-Relationships-between-Stocks.md

@@ -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.
+
+[![r/Superstonk - An update on relationships between stocks - STATISTICS ROCKS! - Brought to you by the SuperstonkQuants 🦍🥼🔬🚀](https://preview.redd.it/mq8x1fuovx471.png?width=3024&format=png&auto=webp&s=4a10bc8965c5e261cd6522b97b4ee0935c84cb09)](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.
+
+[![r/Superstonk - An update on relationships between stocks - STATISTICS ROCKS! - Brought to you by the SuperstonkQuants 🦍🥼🔬🚀](https://preview.redd.it/hgg0q2tpvx471.png?width=2140&format=png&auto=webp&s=1929d7bdcfaf5755e9fc022a7321894796f5c420)](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.
+
+[![r/Superstonk - An update on relationships between stocks - STATISTICS ROCKS! - Brought to you by the SuperstonkQuants 🦍🥼🔬🚀](https://preview.redd.it/cicfdenqvx471.png?width=3032&format=png&auto=webp&s=200877f436463a02b344f0f1dd5aa8011279b80c)](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.

DD/Quantitative-Analysis/2021-06-13-Is-GMEs-Price-Related-to-the-Reverse-Repo-Rate.md

@@ -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.
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/9qy00vbdry471.png?width=763&format=png&auto=webp&s=ed89a492727673f4634b9084ce464fbde8fce805)](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:
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/7ndp686try471.png?width=735&format=png&auto=webp&s=b719c9feb750cc2ecf8fa9fb8c12a6e109bde73a)](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:
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/poiviqtpty471.png?width=1077&format=png&auto=webp&s=f27eb0fbdce33f99d3f48e98e22209f12a17526f)](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? 😏
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/qefqa015uy471.png?width=1198&format=png&auto=webp&s=a43a2b3dbf2e9ba8bec872c43416246b671005fa)](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:
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/qrt9rp2vuy471.png?width=1076&format=png&auto=webp&s=ddb96385a984b31d33c9a42a953b53023cd79e25)](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?
+
+[![r/DDintoGME - Is GME's price related to the Reverse Repo Rate in some way? - Lets find out! - Brought to you by the Superstonk Quants 🦍👨‍💻🧐🚀](https://preview.redd.it/mmw3xfc1vy471.png?width=1076&format=png&auto=webp&s=707dd17844502824c53e778654e9f1bacbec7c17)](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.

DD/Quantitative-Analysis/2021-06-13-The-Matrix-is-Everywhere-a-Quantitative-DD.md

@@ -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:
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/8oc8uadoj4571.png?width=2002&format=png&auto=webp&s=883e5db6a01056b047c30f4ef67eeb3d38dcaa41)](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
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/sxalstfqc4571.png?width=1278&format=png&auto=webp&s=14fcfea7182b84b309280719f82bb2f6d6b89b14)](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%
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/qs0qkcborz471.png?width=1306&format=png&auto=webp&s=187408c522c47c0de806639890f3c8e62f810bdf)](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
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/mj5uu2ebd4571.png?width=3634&format=png&auto=webp&s=9eea5bd3ab14acc7d5938987d19d9f86adb597ee)](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.
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/wxyuzh9m30571.png?width=718&format=png&auto=webp&s=b2ee2a9c4ec406443037e4f5ecf4a57f21289c79)](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.
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/neqpx9ijq4571.png?width=1632&format=png&auto=webp&s=770d7f5e9664dead065a9eb612936a47881cdbf4)](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.
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/y8fbknwz80571.jpg?width=2000&format=pjpg&auto=webp&s=d313208f5fa017cb4773086c9e7c556597bdef4e)](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/).
+
+[![r/Superstonk - The Matrix is Everywhere. A Quant DD](https://preview.redd.it/bac2kx5m40571.png?width=960&format=png&auto=webp&s=f8bc7e886865d2b52cbc88b414e129d94cb6e7c6)](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.

DD/Quantitative-Analysis/2021-06-18-Quant-Analysis-of-GME-RSI-and-Parabolic-Activity.md

@@ -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)
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/emiby2pitw571.png?width=457&format=png&auto=webp&s=3e4afde797086bea502f76ad20a725d6f154a790)](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!*
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/8blejy727y571.png?width=1600&format=png&auto=webp&s=f2d232d539af7c0ef98b383391e574bb036abdbd)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/owggil0prx571.png?width=672&format=png&auto=webp&s=2c2a91642df9741c636afb8a6c598a9eee831bae)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/9vaet9zvsx571.png?width=610&format=png&auto=webp&s=438023852753e66d8f7445f7ac82c010accd1cda)](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."*
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/hyhlj9i61y571.png?width=570&format=png&auto=webp&s=b67323219d936dfd04f1b37e588ab489df830e52)](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!
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/v3lfipkvtx571.jpg?width=1995&format=pjpg&auto=webp&s=0de76dbc516cc6fc005e43b7835b54369d7a727c)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/v0posaxalw571.png?width=470&format=png&auto=webp&s=75a84c5f62782bceb56831344ce603c77c4dbe97)](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
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/d2wkjnrviw571.png?width=3140&format=png&auto=webp&s=29721d3aaf783fec2c2ceabe6345b0b167f6ecfd)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/47zb03uzkw571.png?width=437&format=png&auto=webp&s=ed7c95cf0687de4574d92c013781e48ecad66994)](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+).
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/reo2zwguxw571.png?width=2704&format=png&auto=webp&s=a1741235af3dd0ba8fb889e14af5152679d61fdd)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/jqivil2vrw571.png?width=456&format=png&auto=webp&s=afc9d0933afc4ffb7ab46cd720fdb942c7571184)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/17amvxcmcw571.png?width=1041&format=png&auto=webp&s=cfc6084f19cd4fd3fd0a1daaccc68c3a2b7f5c34)](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.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/te3xpnyqcw571.png?width=134&format=png&auto=webp&s=44fa322c40d024e0ab5a3844302ad63496b41426)](https://preview.redd.it/te3xpnyqcw571.png?width=134&format=png&auto=webp&s=44fa322c40d024e0ab5a3844302ad63496b41426)
+
+Winner Winner, RSI 53 is the magic variable.
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/hngos60ucw571.png?width=450&format=png&auto=webp&s=31dd3230da295b590c7fd3f3e384fbfb0a9300d8)](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. 💚
+
+[![r/Superstonk - GME is a Rocket/Pressure Cooker - Quant Analysis of RSI and Parabolic Activity - Momentum Indicators](https://preview.redd.it/cixamn8vqx571.png?width=496&format=png&auto=webp&s=1295d88f12ba849d87310aa97b681b5a92eae620)](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! 🦍🚀🍌