Create 2021-07-07-The-Whole-Stock-Market-is-Being-Propped-Up-by-the-RRP-Market.md

02-Resources/2021-07-01-Resources.md

@@ -1,5 +1,8 @@
 # Resources
 
+| Last Updated | July 7, 2021 |
+| :---: | :---: |
+
 | Name | Description |
 | :---: | :---: |
 | [GameStop Newsroom](https://gamestop.gcs-web.com/news-releases-0) | Stay up to date with GameStop's latest strategic initiatives. |
@@ -34,6 +37,8 @@
 | [US House of Representatives Stock Watcher](https://housestockwatcher.com/) | Website created by [u/rambat1994](https://www.reddit.com/u/rambat1994/) that tracks stock trades of US House of Representatives. |
 | [Investor.gov - Researching Investments](https://www.investor.gov/introduction-investing/getting-started/researching-investments) | Website that you walks you through how to do your due diligence. |
 | [Tax My Tendies](https://taxmytendies.com/) | Tools that helps you calculate how much you'll owe in taxes post-MOASS. (US only). |
+| [Gamestop NFT](https://nft.gamestop.com/) | GameStops' official NFT website |
+| [GME NFT Relationships](https://github.com/schismsaints/GME_NFT) | Graphic that shows the relationships between GME tokens. |
 
 *Table inspired by [u/Truffluscious](https://www.reddit.com/user/Truffluscious/)*
 

Confirmation-Bias-and-Discussion/2021-07-05-RCs-Tweets-are-Time-with-ETF-FTDs.md

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+RC's tweets are timed with ETF FTDs
+===================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/dentisttft](https://www.reddit.com/user/dentisttft/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oeahh2/rcs_tweets_are_timed_with_etf_ftds/) | 
+
+---
+
+[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+*This post is for education purposes only. Not financial advice.*
+
+TL;DR: RC's tweets happen on days where large amounts of ETF FTDs are covered/delayed.
+
+Hi everyone,
+
+I've been diving into ETF FTDs for a while now and something finally clicked. *Almost every RC tweet happens on the same day a large amount of ETF FTDs are "cleared".* ETF FTDs are allowed to stack up for 3 days before needing to be handled. So when a specific ETF stacks up a decent chunk of FTD, puts are opened to delay 34 days, then RC tweets.
+
+To show what I mean, I weighted the ETF FTDs by GME's weight within the ETF. GME is in a lot of ETFs, but these are the ETFs with significant enough FTDs: IWM, XRT, XSVM, FTXD, BUZZ, XSMO, IWC, FNDX, IJR, SPSM, SFYF, PSCD, SLYV, VXF, IJT, GINN, and VB.
+
+Below is a heatmap of those ETFs. Each ETF is a different row, each trading day is a different column. The green color shows where a lot of FTDs are. The darker the green, the more ETFs. The blue marks a day where RC tweeted. If you look at a blue column and track it down, there is an ETF or two that had just cleared their stacked FTDs from the day earlier.
+
+[![r/Superstonk - RC's tweets are timed with ETF FTDs](https://preview.redd.it/q7fwa3kn1f971.png?width=1714&format=png&auto=webp&s=a82cf29f39b7996f3de3e34460ba6f615120d3e7)](https://preview.redd.it/q7fwa3kn1f971.png?width=1714&format=png&auto=webp&s=a82cf29f39b7996f3de3e34460ba6f615120d3e7)
+
+Tweets come the day FTDs are cleared - EDIT: outside of the fist emoji (DFV), flag (35 days before memorial day which had GME FTDS), job posting (35 days before June 2 runup), and one of the south park GIFs
+
+I have an old post from May that claims the Ted tweets are referencing Rule 204: Close-out requirements, the rule the that specifies the thirty-five day cover period.
+
+[RC Tweet Analysis: Part 1 [The Ted Tweets]](https://www.reddit.com/r/Superstonk/comments/niui83/rc_tweet_analysis_part_1_the_ted_tweets/)
+
+So using [my T+35 theory](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/), I marked every trading day that came 35 calendar days after a tweet on the 4H chart. You'll see that most tweets end up corresponding to a jump in GME's price. Gray lines are tweets, green lines are 35 days after a tweet.
+
+[![r/Superstonk - RC's tweets are timed with ETF FTDs](https://preview.redd.it/ngufchm54f971.png?width=1307&format=png&auto=webp&s=57ee666bc94c2f54ab09d22e72726e46178964bb)](https://preview.redd.it/ngufchm54f971.png?width=1307&format=png&auto=webp&s=57ee666bc94c2f54ab09d22e72726e46178964bb)
+
+GME 4H chart with new tweets marked in gray and T+35 of tweets marked in green.
+
+Not every tweet corresponds to a jump, but a lot do. The last few tweet's T+35 jump during after hours/premarket after the 35th day because technically they can be covered before 9:30 AM EST on the following day. Notice how a new tweet ends up being very close to the T+35 of an old tweet? To me this visually shows the process of kicking the can down the road. GME is getting suppressed pretty hard so let's mark 35 days after a tweet on SPY. You'll notice green days more consistently on SPY.
+
+[![r/Superstonk - RC's tweets are timed with ETF FTDs](https://preview.redd.it/ycd7osw34f971.png?width=1305&format=png&auto=webp&s=fa0047eb004c9c3ed00aed02493a7c785433135a)](https://preview.redd.it/ycd7osw34f971.png?width=1305&format=png&auto=webp&s=fa0047eb004c9c3ed00aed02493a7c785433135a)
+
+SPY 4H chart with T+35 of tweets marked in green.
+
+Why is that? Because if a lot of ETF FTDs are being covered on these days, then a lot of underlying stock are being bought to return the ETFs. If a lot of underlying stock rises in value, SPY should rise in value too. GME is being shorted on these days, so it doesn't move much. But they can't short the entire market. I believe the sheer number of ETF FTDs needing to be covered every week is leading to the market inflation that has been seen for the past few months.
+
+What does this mean for the future?
+
+I've highlighted days where I expect upward GME movement. But since GME is being held down so much lately, I would expect more upward movement from SPY.
+
+[![r/Superstonk - RC's tweets are timed with ETF FTDs](https://preview.redd.it/2u5qd8n53f971.png?width=1390&format=png&auto=webp&s=592a6eb2bd74c64efbae25ad3a5100789307701b)](https://preview.redd.it/2u5qd8n53f971.png?width=1390&format=png&auto=webp&s=592a6eb2bd74c64efbae25ad3a5100789307701b)
+
+Red boxes on dates of T+35 from ETF FTDs.
+
+That's all I got for today. I'm planning on dropping the ETF FTD DD tomorrow morning. It will go more in depth about the details surrounding this.
+
+pce~~
+
+- [u/dentisttft](https://www.reddit.com/u/dentisttft/)
+
+PS. I made a twitter: <https://twitter.com/dentisttft>

Confirmation-Bias-and-Discussion/2021-07-07-Citadel-Has-Hostages.md

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+Citadel has hostages: explaining why the MOASS is taking so long, how the January spike was stopped, Robinhood's motives for the trading halt, and the mysterious silence of the SEC
+====================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bladeace](https://www.reddit.com/user/Bladeace/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ofdhkk/citadel_has_hostages_explaining_why_the_moass_is/) | 
+
+---
+
+[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)
+
+TA;DR: The January MOASS is delayed because Citadel took hostages. They figured out how to ensure that others would be squeezed before they were. January 28th is the day Robinhood was required to deliver some of the GME shares Citadel owed to its customers, so they halted trading. They halted trading because their relationship with Citadel turned them into a hostage. The MOASS waits until new regulations ensure the hostages are safe...
+
+TL;DR: Citadel wasn't going to be squeezed in January, Robinhood was. Citadel took hostages and figured out how to ensure that others were squeezed before they were. Robinhood halted trading after GME was on the threshold list for 35 days. After 35 days of failures to deliver, a broker becomes responsible for delivering the security to their customer. The MOASS is taking so long because Citadel managed to figure out how to make their short position other people's problem. This is why Citadel seems to have so many people protecting it and willing to lie for it: they've spent six months figuring out how to ensure it's actually Citadel that gets squeezed. This is why there is an unusual cooperation between parties we wouldn't expect to be able to keep this secret for this long. Not even the SEC can address this directly, Citadel figured out how to take everyone hostage. The past six months have been a negotiation to figure out how to deliver our tendies.
+
+Theory: Robinhood halted trading the day they became liable for delivery of the GME shares Citadel sold to their customers
+
+I think Robinhood halted trading because they were required to purchase GME shares to deliver their customers' past orders. Look at this requirement from [SHO § 242.203 (b2)](https://www.law.cornell.edu/cfr/text/17/242.203):
+
+[![r/Superstonk - Citadel has hostages: explaining why the MOASS is taking so long, how the January spike was stopped, Robinhood's motives for the trading halt, and the mysterious silence of the SEC](https://preview.redd.it/el9inu75kq971.png?width=1066&format=png&auto=webp&s=950d9158e1ede602b68c834ec9da9552e464e3a3)](https://preview.redd.it/el9inu75kq971.png?width=1066&format=png&auto=webp&s=950d9158e1ede602b68c834ec9da9552e464e3a3)
+
+If a Robinhood customer buys shares that are cleared by Citadel Securities, their delivery is not a problem for Robinhood *unless it takes longer than 35 days*. Once a security has taken longer than 35 days to be delivered, Robinhood is responsible for delivering it to their customer. Citadel still has to deliver the security too, but they deliver to Robinhood. So, the chain of obligation goes like this:
+
+1.  Your broker/dealer owes you the security they sold you
+
+2.  The market maker owes your broker the security they sold to the broker
+
+3.  The seller of the security owes the market maker the security they sold to the market maker
+
+The key point is that *your broker is the one who owes you the shares you buy.* If someone else fails to deliver those shares, it's your broker's problem (although they have some ability to make this into your problem, there were too many GME shares owed to avoid their SHO obligations).
+
+*(Expanded explanation, boring - you should skip)*
+
+So, if I want to sell a share on the market (strictly hypothetical, I've never actually tried selling), then I do not owe the sold share directly to the buyer of that share. I send my sell order into the market via my broker and they send that off to the market center where the order is executed by a market maker. I sell my share to the market maker executing the trade. The market maker then sells that share to the broker of whichever ape has brought it and the broker then sells that share to the buyer. Assuming this goes smoothly, my share ends up in the account of the buyer. However, technically speaking, I do not owe the security to the buyer. I owe the security to the market maker, who owes it to the broker, who owes it to the buyer. So, if something goes wrong, and I fail to deliver that share, I have not defaulted on my sale to the buyer, I have defaulted on my sale to the market maker executing the trade. That market maker still owes the share to the buyer's broker, regardless of my failure.
+
+*(End of skippable content)*
+
+I suspect that Citadel had been failing to deliver GME shares to Robinhood for an extended period, which is why Robinhood halted buying. Their primary motive was not to help Citadel, but to protect themselves *from* Citadel. After 35 days of failure, Robinhood has to buy the shares they expected Citadel to deliver for their customers. Effectively, due to Citadel's failures to deliver, Robinhood had inherited Citadel's short position. Citadel owed Robinhood and Robinhood owed their customers. I should clarify that, in this scenario, Citadel still owes Robinhood the shares at some point, but Robinhood has to deliver them to their customers *now*. At first, Robinhood didn't care that Citadel owed shares to their customers, until it went on for too long and Robinhood was on the hook to deliver.
+
+Proof: the timing lines up
+
+For this to be true, you would expect there to be a relationship between when Robinhood halted trading and the 35 day threshold. If you look at my recent [post on the relationship between the threshold security list and the January price spike](https://www.reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/?utm_source=share&utm_medium=web2x&context=3) you'll see that GME was on the threshold list for 39 consecutive settlement days, from early December to early February. Robinhood halted trading on January 28, which is *day 35* of this 39 day streak. The trading halt aligns with when the obligation for Robinhood to deliver kicks in. As soon as the undelivered shares became Robinhood's problem, trading was halted. Frankly, I would have expected them to halt trading earlier than the final moment, day 35, but perhaps waiting until the last moment will allow them some legal defense in the court cases to come?
+
+Proof: the weird cost basis after transfer
+
+A number of users pointed out that their [purchase prices and dates were incorrectly reported when transferring from Robinhood to other brokers](https://www.reddit.com/r/Superstonk/comments/ncezct/so_robinhood_finally_sent_over_my_cost_basis_from/?utm_source=share&utm_medium=web2x&context=3). I suspect this is because Robinhood initially sold their users the shares based on delivery promises made by Citadel that Citadel then failed to fulfil. So, after 35 days, Robinhood had to fulfil them instead. My guess is that this process was an absolute mess because it required Robinhood to at least appear to be purchasing GME shares from someone *other* than Citadel, which is rather awkward when Citadel is a designated market maker for GME on all major exchanges. The transaction dates and prices are wrong because the trade that was eventually settled for your GME shares *was not the same trade you sent to your broker* - that trade failed and Robinhood had to redo it after 35+ days.
+
+This might help explain why [my analysis of the 605 data](https://www.reddit.com/r/Superstonk/comments/nc1h4o/findings_from_my_analysis_of_605_data_huge_short/?utm_source=share&utm_medium=web2x&context=3) found that the proportion of GME order executions done through NASDAQ spikes in February, despite being almost non-existent prior to Feb 2021. If Robinhood needs to buy-up GME without going *directly* through Citadel, they'll need to get inventive and perhaps even use over the counter purchases. So, go to a market center that has very little history of executing GME orders - NASDAQ. It's possible that Robinhood borrowed/brought GME from a variety of places to cover for the clusterfuck Citadel dumped them with, and then allocated those GME shares that actually got delivered to customers that transferred. If you had a massive shambles of shares like this, it might manifest in an inaccurate and messy purchase history for your customers.
+
+Proof: others halted trading too
+
+Robinhood wasn't the only one that halted trading. It's difficult, but not impossible, for Citadel to have orchestrated this behind the scenes. It's much easier to explain this seemingly organized trading halt by pointing out that the brokers who halted trading *only halted trading when they themselves became obligated to deliver the shares in question.* This is why they halted trading *after* the price had already been spiking - my guess is that Citadel was putting on pressure behind the scenes too, but I don't think it's a coincidence that trading didn't actually halt until the time arrived that the brokers themselves were threatened with delivery obligations.
+
+Context and discussion: saving Citadel
+
+Notice that my theory does not do Robinhood any favors - this is not a defense of them or their actions. I suspect, as was claimed during the congressional hearings, the trading halt was the main reason the January spike ended. If my theory is correct, it's likely that the ending of the January spike saved Citadel. This claim is nothing new. What I think my theory adds to the discussion is a better explanation of why Robinhood and others did this. Remember, the buying halt was a disaster for Robinhood! They were dragged in front of congress, their reputation is in tatters, and they're bleeding customers. Halting buying was *not* a good play. My guess is that they knew it would be a disaster and did it anyway. I think that this is why they waited right up until day 35 of GME's run on the threshold list - they didn't help Citadel until the only other option was delivering the undeliverable. In January, those who halted trading were slated to be the first victims of the MOASS.
+
+Further implications: MOASS is so slow because Citadel has hostages
+
+I suspect that the implications of what almost happened to Robinhood in January are why we're seeing some of the recent regulation changes ('clarifications'). I think that it was *Robinhood and not Citadel that was squeezed in the January spike*. Citadel is a market maker with its own market center, it has privileges and exemptions that make it quite resilient (as we've found out over the past six months). Robinhood does not have the same level of protection from its exposures, once the 35 day settlement mark passed, they had to deliver shares. It was the brokers that needed to buy shares from the 28th onwards: Citadel's failures to deliver were, in the short term at least, the brokers' problem. For all we know, Citadel didn't cover any of the deliveries that finally got GME off the threshold list at the beginning of February and managed to force the brokers to do it for them. If they were willing to abuse the market enough, perhaps via abuse of NASDAQ in February as my previously linked post discusses, Citadel might have even used the brokers need to deliver as a way of *expanding* their short position substantially while 'technically' resolving the failures to deliver (kicking the can down the road to another day). I guess there is no better ally than one who has to pay your debt if you go under...
+
+So, if my theory is correct, January almost saw Citadel's failures result in *someone else* getting squeezed! Perhaps this is why the trading halt became the focus of the congressional hearings. Maybe this is why the DTCC has focused so many of their new regulations on clarifying what happens if positions need to be forcibly closed. January might have demonstrated that a market center, such as Citadel Securities, could contrive a scenario where they force *someone else to be squeezed by their short position!*
+
+In [my post examining the February gamma](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_source=share&utm_medium=web2x&context=3), I argue that the bizarre market activity near the end of February was a failed attempt to begin the MOASS. If my theory that Robinhood, not Citadel, was being forced to deliver in January is correct, I don't think it's any surprise that attempts to begin the MOASS have been prevented since January. The regulations required updating to prevent Citadel from forcing others to be squeezed before they were. If I am correct, Citadel was holding everyone hostage. The embodiment of too big to fail: not just because of the havoc their sudden demise would cause, but because *they wouldn't be squeezed until after the squeezing of all the smaller parties caught in the impossibly convoluted web of failures to deliver and rehypothecation that Citadel shat into the market.* Lots of entities were exposed to the squeeze, and Citadel was setup to be hit last.
+
+The MOASS can't launch until the hostages are safe. It needs to be Citadel that's squeezed. Otherwise, the squeeze might wreak havoc on the market with no guarantee that the one responsible dies too. There was no choice but to wait. Meanwhile, Citadel is a huge market center with substantial political clout and presence in the regulators themselves. So, setting up the regulations for the MOASS took time. It was urgent, but those involved were regulating against one of their own.
+
+I think this offers a compelling explanation for what we've been living through over the last six months because it attributes a strong motive to the parties involved to remain silent. Explaining why this debacle has lasted six months is very difficult. It's an absolute disaster and we haven't even heard anything from the SEC. What could justify this level of cooperation to keep lips tight, just to delay the inevitable? Why such slow action as the problem gets bigger? My guess is that Citadel has hostages and it's taking a lot of careful work behind the scenes to figure out how to be sure that Citadel is the one that takes the fall. With everyone's hands tied and the need for secrecy so high, the job takes time.
+
+As a disgusting parting thought, I should mention that, if I'm right, my theory predicts that those responsible will suffer only minimal punishment. I suspect it's taken six months because they've needed at least some cooperation from Citadel to sort this out. If this is true, my guess is that Citadel spent February trying to get out of their predicament and refused to cooperate with attempts to arrange the MOASS that will kill them. The February gamma might have been other parties preventing Citadel's efforts to make the situation worse and forcing Citadel to come to the negotiating table. During the early months we saw market activity that indicated whales were fighting each other. I think this was Citadel trying to escape their own trap and whales preventing them, knowing it was too dangerous to let Citadel make things worse while it held the system hostage. Notice that this explains why, relatively speaking, the GME activity calmed slightly as this dragged on: Citadel was forced to the negotiating table and has been helping plan and regulate its own destruction. I suspect the payment for this cooperation will be those involved getting off lightly, because the alternative would be to have the MOASS without them releasing the hostages. Unfortunately, if I'm right, we'll see those responsible living in Florida after this is over. Bankrupt and embarrassed, but more comfortable than the plebs.
+
+Obvious but crucial disclaimer: I am a random on the internet spinning yarns about a conspiracy theory. As I was posting this thread, I decided to literally wear a tinfoil hat. Anyone reading this should understand my tinfoil attire to mean that I am not competent enough to be offering any advice or taken seriously. Readers must carefully examine any claims made here independently and not regard my words as authoritative.
+
+Thank you to [u/RoutineYesterday267](https://www.reddit.com/u/RoutineYesterday267/) for a post that led to me writing this

Confirmation-Bias-and-Discussion/2021-07-07-The-Whole-Stock-Market-is-Being-Propped-Up-by-the-RRP-Market.md

@@ -0,0 +1,57 @@
+The whole stock market is being propped up by the RRP market and today I got confirmation bias.
+===============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/titaniumoxide202](https://www.reddit.com/user/titaniumoxide202/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ofr285/the_whole_stock_market_is_being_propped_up_by_the/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+I saw a wrinkly brained ape's youtube video (sorry I watch so much shit I can't find who made it) on how the dow jones, S&P, prime brokerages and big banks' (including international ones) stocks tank at around 10 am and then suddenly recover because they NEED the RRP market to post more collateral. I didn't believe it until I checked the charts today. These charts look IDENTICAL to each other. The price is not only wrong for GME but the entire global stock market price is wrong too. HOLY. FUCKING. MOLY. JACKED=TITs.
+
+Edit: <https://www.youtube.com/watch?v=J5J1pW1rVA8> here's the link. Thanks [u/The_Fake_King](https://www.reddit.com/u/The_Fake_King/)
+
+P.S They aren't even trying to be discrete anymore. They are DESPERATE.
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/dy7erkoclu971.png?width=1242&format=png&auto=webp&s=33f90da5abc2f22e292676225f5e7d7ac247114b)](https://preview.redd.it/dy7erkoclu971.png?width=1242&format=png&auto=webp&s=33f90da5abc2f22e292676225f5e7d7ac247114b)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/0ajrqecxku971.png?width=1242&format=png&auto=webp&s=ba15822bc72953300d9ffdb838d12a3915fa197b)](https://preview.redd.it/0ajrqecxku971.png?width=1242&format=png&auto=webp&s=ba15822bc72953300d9ffdb838d12a3915fa197b)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/6jxs7ccxku971.png?width=1242&format=png&auto=webp&s=8e4384605d0fd84000c9de41fb91bf3a644b9293)](https://preview.redd.it/6jxs7ccxku971.png?width=1242&format=png&auto=webp&s=8e4384605d0fd84000c9de41fb91bf3a644b9293)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/n9dxpn3kku971.png?width=1242&format=png&auto=webp&s=1c98442d7f3487e88f49aa65bc65125be00323da)](https://preview.redd.it/n9dxpn3kku971.png?width=1242&format=png&auto=webp&s=1c98442d7f3487e88f49aa65bc65125be00323da)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/b2y4jz3kku971.png?width=1242&format=png&auto=webp&s=7a214711c089e322f9bbab4d5206dd7588874fff)](https://preview.redd.it/b2y4jz3kku971.png?width=1242&format=png&auto=webp&s=7a214711c089e322f9bbab4d5206dd7588874fff)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/vs1v0t3kku971.png?width=1242&format=png&auto=webp&s=86a56c683e85961d8b485643cfd8657506111405)](https://preview.redd.it/vs1v0t3kku971.png?width=1242&format=png&auto=webp&s=86a56c683e85961d8b485643cfd8657506111405)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/zrnf6m3kku971.png?width=1242&format=png&auto=webp&s=3cf7085790430cc788d36832cf60f3e3d506cae5)](https://preview.redd.it/zrnf6m3kku971.png?width=1242&format=png&auto=webp&s=3cf7085790430cc788d36832cf60f3e3d506cae5)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/sbfbnp3kku971.png?width=1242&format=png&auto=webp&s=11958c4e60087c5a90836bbe5b6cb907f85d0143)](https://preview.redd.it/sbfbnp3kku971.png?width=1242&format=png&auto=webp&s=11958c4e60087c5a90836bbe5b6cb907f85d0143)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/428koz3kku971.png?width=1242&format=png&auto=webp&s=966b2ebec618ca1f77a7c7b6e22d1a92f0df389f)](https://preview.redd.it/428koz3kku971.png?width=1242&format=png&auto=webp&s=966b2ebec618ca1f77a7c7b6e22d1a92f0df389f)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/34duc34kku971.png?width=1242&format=png&auto=webp&s=87817270edad52fdaa030912dd78df70d589532e)](https://preview.redd.it/34duc34kku971.png?width=1242&format=png&auto=webp&s=87817270edad52fdaa030912dd78df70d589532e)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/hgwpsc4kku971.png?width=1242&format=png&auto=webp&s=69d9e5e346aca7d1eba6def5855a29abeb88dd16)](https://preview.redd.it/hgwpsc4kku971.png?width=1242&format=png&auto=webp&s=69d9e5e346aca7d1eba6def5855a29abeb88dd16)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/9ht1o34kku971.png?width=1242&format=png&auto=webp&s=842bae394de413b9510f5d08c352857a68ef1541)](https://preview.redd.it/9ht1o34kku971.png?width=1242&format=png&auto=webp&s=842bae394de413b9510f5d08c352857a68ef1541)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/i98i0j3kku971.png?width=1242&format=png&auto=webp&s=67caeb722a196092e2a1e67da20527d77e0d05e9)](https://preview.redd.it/i98i0j3kku971.png?width=1242&format=png&auto=webp&s=67caeb722a196092e2a1e67da20527d77e0d05e9)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/6uj8sn3kku971.png?width=1242&format=png&auto=webp&s=7497d256e507fa949de849b9da4dc90adc15d88a)](https://preview.redd.it/6uj8sn3kku971.png?width=1242&format=png&auto=webp&s=7497d256e507fa949de849b9da4dc90adc15d88a)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/e944tz3kku971.png?width=1242&format=png&auto=webp&s=fc4330182481ef3d07d2de1c382118804df8e3d2)](https://preview.redd.it/e944tz3kku971.png?width=1242&format=png&auto=webp&s=fc4330182481ef3d07d2de1c382118804df8e3d2)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/y4um9l3kku971.png?width=1242&format=png&auto=webp&s=b57870485f4e9a347ed111fb9818a2cd3b31d064)](https://preview.redd.it/y4um9l3kku971.png?width=1242&format=png&auto=webp&s=b57870485f4e9a347ed111fb9818a2cd3b31d064)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/xtvl7h3kku971.png?width=1242&format=png&auto=webp&s=7141d752ff4b045c31d55e7a6102f30065e4657d)](https://preview.redd.it/xtvl7h3kku971.png?width=1242&format=png&auto=webp&s=7141d752ff4b045c31d55e7a6102f30065e4657d)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/ydb8fm3kku971.png?width=1242&format=png&auto=webp&s=3d0d72944c9e3460130082225467e84bacdb0bcc)](https://preview.redd.it/ydb8fm3kku971.png?width=1242&format=png&auto=webp&s=3d0d72944c9e3460130082225467e84bacdb0bcc)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/qwealf3kku971.png?width=750&format=png&auto=webp&s=9d00ae8ae35037eca09ea48368d9e668ac0b336e)](https://preview.redd.it/qwealf3kku971.png?width=750&format=png&auto=webp&s=9d00ae8ae35037eca09ea48368d9e668ac0b336e)
+
+[![r/Superstonk - The whole stock market is being propped up by the RRP market and today I got confirmation bias.](https://preview.redd.it/7fa0xk3kku971.png?width=750&format=png&auto=webp&s=edcc8956475920c1f7a75638e49c5d42cc42594c)](https://preview.redd.it/7fa0xk3kku971.png?width=750&format=png&auto=webp&s=edcc8956475920c1f7a75638e49c5d42cc42594c)

Confirmation-Bias-and-Discussion/All-the-Pieces-Theory-by-swede-child-of-mine/2021-04-08-All-the-Pieces-Part-I.md

@@ -0,0 +1,168 @@
+Theory: ALL THE PIECES, pt. 1 -- The Anatomy of the Crime of Citadel
+===================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/swede_child_of_mine](https://www.reddit.com/user/swede_child_of_mine/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mn0q9q/theory_all_the_pieces_pt_1_the_anatomy_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)
+
+*"Behind every great fortune there is a crime" -- Balzac*
+
+This post is the collective narrative behind the plays on GME by large institutions. This will be a multi-part DD post gathered from excellent insights on this sub. As there have been no open confessions of these activities by the perpetrators (a la Bernie Madoff), or books that have yet been written, this will only exist as a theory with pieces of evidence to support where we can. It is designed to be high-level, approachable, supported by available sources where possible, and represent key players and interests as it relates to the events surrounding GME. It is incomplete. Where information cannot be confirmed, it will be marked as rumor or speculation and should be treated as such, but it should not be a rabbit-hole. It will be ongoing and require updating as well as contributions from you, outlined below:
+
+-   [] - request for link to relevant DD (DD posts or legitimate sources)
+
+-   /e?/ - expert insight requested (e.g. legal review -- I'll try to call out specific users that are known for their specialties on this sub)
+
+-   /R/ - further research requested
+
+(Setting expectations for the veteran readers of [r/GME](https://www.reddit.com/r/GME/) and [r/SuperStonk](https://www.reddit.com/r/SuperStonk/): you will already be familiar with many of the terms, events, and points described in this first post. However, even if it is already familiar to you, I hope this post will still be a valuable summary and an easy introduction for anyone who wants to know more about the stock. Please feel free to contribute sources you might see are missing)
+
+* * * * *
+
+Part 1: The Crime of Citadel
+
+$GME
+
+The current price of GameStop stock is artificial. In simpler terms, the price of $GME is not determined by normal market dynamics - supply and demand. This is because Citadel and others have been illegally manufacturing fraudulent shares of GME, abusing their special designation as Market Maker to profit their firms. The more straightforward term for their activity is *share counterfeiting*. Citadel & others have been counterfeiting shares of GME, profiting from non-existent shares, dumping fraudulent stock to lower the price, and abusing system lapses to hide their activities. Their scheme that has grown wildly out of hand and now threatens to wipe out many more firms in the market due to their risky behaviors.
+
+An overview of the mechanics of this scheme:
+
+FTD (for Failure To Deliver) -- a key term to understand
+
+1\.  FTD is a standardized term for a delay in delivering a share that's been purchased. *In the context of Citadel, an FTD represents a counterfeit share.*
+
+-   In the US market, a share can be sold regardless of whether or not it actually exists. The financial system accepts the transaction at face value so that the buyer can continue trading.
+
+-   The delay in delivering a share is meant to be temporary...
+
+-   ...but for Citadel's case, they never had the share they sold; they abused their position to "sell" something they didn't have.
+
+-   Outright share counterfeiting is highly illegal, and one of the financial crimes that [carries prison sentences](https://www.criminaldefenselawyer.com/crime-penalties/federal/Securities-Fraud.htm)
+
+-   For Citadel to perpetrate this crime, they needed to hide it among their transactions and appear legitimate (FTD's can be legitimate, and enforcement is subjective "[*...will depend on the facts and circumstances of the particular activity*](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm)")
+
+Citadel's Scheme, Part 1: Create a Share, Legitimately
+
+1\.  [Citadel](https://en.wikipedia.org/wiki/Citadel_LLC)'s activities are recognized as a ["bona-fide" Market Maker](https://www.mmlawus.com/newsitem/alerts/larry-bergmann-addresses-regulation-sho-and-bona-fide-market-making/), an industry designation which allows them special authorities and responsibilities.
+
+-   One of their special authorities is to "create" shares in the marketplace as part of their role of providing liquidity. ("Liquidity" is finance speak for -- "keeping the shelves full with the stocks people want")
+
+-   Citadel is allowed to execute transactions without owning the share -- i.e. Market Makers can temporarily "create" a share from nothing -- with the understanding that it is illegal to manufacture shares for their own profit.
+
+-   This "temporarily created share" is recorded as a "short": designed to be sold to the marketplace then bought back within a brief period of time, to prevent an enduring non-existent share in the marketplace.
+
+-   "Shorting" is also a common practice of borrowing a share from someone else's account. The borrowed share is sold into the marketplace, and ideally bought back at a lower price and returned to the account (many financial companies do this legally, Citadel included).
+
+-   Both traditional shorting and "bona-fide" market maker shorting creates a "legitimate" non-existent share -- temporarily. Again, the non-existent share is meant to be a placeholder until a real share is delivered.
+
+-   If the share is out in the marketplace long enough without being repurchased, the share is flagged as an FTD -- failure to deliver -- since there was no *actual* share delivered. If it is never reconciled, it becomes counterfeit.
+
+Citadel's Scheme, Part 2: It's Only Illegal If You Get Caught
+
+1\.  The process of determining an FTD is technically complex. There are regulations for the amount of days which need to pass [before a share is declared an FTD](https://www.sec.gov/investor/pubs/regsho.htm).
+
+-   Additionally, *AFTER* a share is delcared an FTD, there are additional times allowed for counterfeit shares to to be rebought, with even more time allotted for Market Makers to do so.
+
+-   But once the allotted time passes and the delivery is still failed, the party at fault is subject to enforcement measures.
+
+-   The enforcement measures are weak -- [small fines levvied far after the violation](https://financefeeds.com/citadel-securities-fined-275k-reporting-violations-700k-fine-2020/) (generally for less than the profit made from the activities)...
+
+-   ...and it is difficult to track. Individual shares may trade dozens or hundreds of times per day, and there is no way to follow the path -- or origin -- of each individual share.
+
+-   So the "counterfeit" share is logged against the overall pool of shares, not knowing which particular one is non-existent. But the contracts for the sale remains on the books of the parties involved.
+
+-   And while enforcement agencies are not interested in small volumes of counterfeit shares or low cost shares, Citadel has been manufacturing millions of fraduluent shares at a price of hundreds of dollars each, getting away with it under the guise of "bona-fide" Market Maker activities that have yet to be settled.
+
+-   However, any company with a "short" position on their books will retain the debt of the counterfeit share for the duration it is on the market...
+
+Citadel's Scheme, Part 3: Take the Money...
+
+1\.  Once the counterfeit share is sold and becomes an FTD, there are several options for addressing the FTD.
+
+-   Buying a share in the marketplace is the primary way of closing out an FTD. This also closes out the "short" position that is on the seller's books.
+
+-   A second way to close an FTD is when the price of the stock goes to $0, and the stock gets de-listed. This voids *all* of that company's stock, including the fraudulent shares. [] The FTD problem simply goes away with all of the other stock.
+
+-   For a party engaged in the criminal act of counterfeiting shares, their main interest is in avoiding consequences of FTDs - not getting caught. They intend to sell shares they never have and never pay for them.
+
+-   Paying for shares from the marketplace is undesirable to Citadel, not only because it increases costs ("the cost of legitimacy"), but also because the price of shares could go up and make the transaction a loss.
+
+-   Flooding the market with shares also has the added effect of dropping the price of the stock, because the market is overwhelmed with supply...
+
+-   ...and if the price goes so low that the stock gets de-listed, the "debt" of the shares on the seller's books becomes a writeoff, which they will enjoy a tax benefit from [].
+
+-   So bankrupting copmanies is the most desirable outcome from share counterfeiters. The targeted company is an unfortunate casualty, chosen for its ability to be shorted into bankruptcy.
+
+-   This is the first part of Citadel's scheme: target a company, flood the market with counterfeit shares, drop the price of the stock to $0, walk away with the profits from the counterfeit shares, and enjoy the tax writeoff.
+
+-   Note: Short positions are not publicly disclosed, and a company's banruptcy closes all positions, so tracing these activities to Citadel is extremely difficult. These activites can happen entirely behind closed doors and leave little evidence in the public marketplace. That is what this sub has been working with: trace evidence of counterfeiting activities in the marketplace.
+
+Citadel's Scheme, Part 4: ...and Run
+
+1\.  Profitably closing an FTD (either via bankrupcy or repurchase) requires one thing: the price of the target stock to go down.
+
+-   In this case, the $GME stock price went up during their scheme.
+
+-   This caused Citadel to find an alternative to closing the FTDs. So perhaps as a temporary stop-gap, or perhaps as a last resort, Citadel chose to perpetuate FTDs without closing them - they would keep the FTDs ongoing as long as they could, never getting caught, until circumstances let them exit their position. Hiding until they escape.
+
+-   Since FTDs are reported by *time*, Citadel figured they could reset the "timer" to avoid getting caught (very similar to floating credit card payments). They could do this two ways:
+
+-   First, they could short the traditional way -- borrow or acquire a batch of the shares from an exchange or *dark pool* (an off-exchange trading room), and then turn around and close their FTDs. Those new shorts would later become new FTDs, but it would give them a few days.
+
+-   Second, they could counterfeit additional shares. While it is uncertain if it was possible for Citadel to use counterfeit shares to close out FTDs [], their releasing more counterfeited shares into the marketplace let them easily borrow or buy the shares back, then turn around and close out the FTDs. Again, shorting gives a few more days until thes counterfeit shares became FTDs.
+
+-   Citadel could reset FTDs like this continuously, never running into the enforcement limits without being able to reset the FTD timer again.
+
+-   This would also keep the marketplace full of shares - normally a desirable outcome. But in the interest of their counterfeiting scheme, keeping an abundant supply of shares in the marketplace also keeps the stock price low, the availability of additional borrows high, and the interest on the borrowed shares low.
+
+-   And if Citadel was worried about availability, they could also re-borrow the share they just sold (i.e. borrow from A, sell to C, then borrow the same share from C -- a process known as "rehypothecation") -- a legal practice.
+
+Citadel's Scheme, Part 5: But at what cost?
+
+1\.  The cost of resetting the FTD timetable -- "kicking it down the road" -- is twofold:
+
+-   First, there is a daily interest paid on every shorted share Citadel has. The interest rate is decided by the lending organization, and is related to the price and availability of the share to be borrowed. []
+
+-   Second, for every short Citadel left open, the debt of that share remains on their books. As Citadel shorts more shares and as the price of the shares went up, their overall debt increases. If the debt gets too large, Citadel would potentially be "margin called" -- their debtors would force Citadel to pay up. [courtesy: [u/atobitt](https://www.reddit.com/u/atobitt/) - [Image of Citadel's 2020 "securities sold but not yet purchased"](https://preview.redd.it/83uepbgudqm61.png?width=829&format=png&auto=webp&s=7c8b1f1475be0cf61d55f87e29fd282c45833b3c)]
+
+-   It is unknown when or how large their debt must be before Citadel is margin called.[]
+
+-   Additionally, due to Citadel's activities it is difficult to know what a *legitimate* short term debt is on their books, from their legitimate activities, or what a fraudulent debt is from their counterfeiting activities.
+
+-   But by using a legitimate function to hide their scheme, they can achieve the illegal results -- selling shares which they don't have and never intend to deliver.
+
+-   Citadel's activities also pose an extreme cost to the system. Fraudulent shares circulating in the marketplace means investors may become unsure that their shares are legitimate. Or investors may become unsure that the price of the stock is a reflection of legitimate supply and demand, but is instead artificial -- lowered because of a surplus of fake shares.
+
+* * * * *
+
+Addtional reading: [u/atobitt](https://www.reddit.com/u/atobitt/) 's - ["Citadel has no clothes"](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+
+[u/canhazreddit](https://www.reddit.com/u/canhazreddit/) 's - ["It's painfully obvious that when GME has a ton of FTDS, they're immediately reversing them with their hedgefuckery."](https://www.reddit.com/r/GME/comments/mijfq9/its_painfully_obvious_that_when_gme_has_a_ton_of/)
+
+* * * * *
+
+TL; DR & Summary: Citadel has been perpetrating a crime -- illegally counterfeiting shares into the marketplace in order to profit. They are selling shares they don't have and never intended to deliver. Citadel has been using their designation as a Market Maker to cover their activities as well as continue to counterfeit shares. This poses an increasing risk to their own business and moreso the overall market.
+
+Edit: [u/Vipper_of_Vip99](https://www.reddit.com/u/Vipper_of_Vip99/) smartly recommended updating the bullets to numbers.
+
+* * * * *
+
+Final note: here is an excerpt on Bernie Madoff from the [Madoff Investment Scandal wiki](https://en.wikipedia.org/wiki/Madoff_investment_scandal):
+
+> At one point, Madoff Securities was the largest buying-and-selling "market maker" at the NASDAQ.
+
+>
+
+> In 1992, The Wall Street Journal described him:
+
+>
+
+> *... one of the masters of the off-exchange "third market" and the bane of the New York Stock Exchange. He has built a highly profitable securities firm, Bernard L. Madoff Investment Securities, which siphons a huge volume of stock trades away from the Big Board. The $740 million average daily volume of trades executed electronically by the Madoff firm off the exchange equals 9% of the New York exchange's. Mr. Madoff's firm can execute trades so quickly and cheaply that it actually pays other brokerage firms a penny a share to execute their customers' orders, --- Randall Smith, Wall Street Journal*
+
+And here is an excerpt from [Citadel's wiki](https://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities):
+
+> Citadel Securities automation has resulted in more reliable trading at lower costs and with tighter spreads. [...] Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent of U.S.-listed equity options volume. According to the Wall Street Journal, about one-third of stock orders from individual investors is completed through Citadel, which accounts for about 10% of the firm's revenue. Citadel Securities also executes about 13 percent of U.S. consolidated volume in equities and 28 percent of U.S. retail equities volume.

Confirmation-Bias-and-Discussion/All-the-Pieces-Theory-by-swede-child-of-mine/2021-04-16-All-the-Pieces-Part-II.md

@@ -0,0 +1,208 @@
+Theory: ALL THE PIECES, pt. 2 -- The Deep End of the Pool
+========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/swede_child_of_mine](https://www.reddit.com/user/swede_child_of_mine/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ms9z0n/theory_all_the_pieces_pt_2_the_deep_end_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)
+
+[*There was Jimmy, and Tommy, and Me. - Goodfellas*](https://www.youtube.com/watch?v=caCA0rUMR6U)
+
+This post is the collective narrative behind the plays on GME by large institutions. This will be a multi-part DD post gathered from excellent insights on this sub. As there have been no open confessions of these activities by the perpetrators (a la Bernie Madoff), or books that have yet been written, this will only exist as a theory with pieces of evidence to support where we can. It is designed to be high-level, approachable, supported by available sources where possible, and represent key players and interests as it relates to large players movements in GME. It is incomplete. Where information cannot be confirmed, it will be marked as rumor or speculation and should be treated as such, but it should not be a rabbit-hole. It will be ongoing and require updating as well as contributions from you, outlined below:
+
+-   [] - link to relevant DD requested (DD posts or legitimate sources)
+
+-   \ /e?/ - expert insight requested (e.g. legal review -- I'll try to call out specific users that are known for their specialties on this sub)
+
+-   \ /R/ - further research requested
+
+(Setting expectations for the veteran readers of [r/GME](https://www.reddit.com/r/GME/) and [r/SuperStonk](https://www.reddit.com/r/SuperStonk/): you will already be familiar with many of the terms, events, and points described in this first post. However, even if it is already familiar to you, I hope this post will still be a valuable summary and an easy introduction for anyone who wants to know more about the stock. Please feel free to contribute sources you might see are missing)
+
+* * * * *
+
+Part 2: The Deep End of the Pool
+
+The price of $GME is artificial. The [previous post](https://www.reddit.com/r/Superstonk/comments/mn0q9q/theory_all_the_pieces_pt_1_the_anatomy_of_the/) covered how Citadel was perpetrating a crime, illegally counterfeiting shares to change the price of GME for profit. It is not alone in this crime. Multiple organizations are coordinating the same illegal activities in a larger scheme. Their illegal enterprise engages in share counterfeiting, price fixing, and conspiracy. Some of their crimes leave public evidence, but some of the activity takes place discreetly in *Dark Pools* - off exchange rooms where trades happen with fewer regulations and less visibility. The end result is that each organization abuses their position to profit in an illegal enterprise which jeopardizes the larger market.
+
+Key Terms
+
+1.  Market Maker (or "MM") -- a special role in a stock exchanges around the world. An MM's primary role is to provide liquidity, or "to make sure there are shares available to buy if people want them" as well as "make sure there is a buyer if people want to sell." Liquidity makes for easy buying and selling.
+
+-   Liquidity is also important because some companies want their stock price to be related to their company performance (a.k.a. - valuation), and not related to whether or not their shares are available (a.k.a. - scarcity). [More here](https://www.investopedia.com/terms/p/pricediscovery.asp)
+
+-   Since a Market Maker has control over the availability of shares -- which controls the price -- a Market Maker is required to remain "neutral" on its positions. They cannot put pressure on a stock on either the buy side or sell side. If they create a position on one side to meet demand, they must "hedge" on the other side by creating or owning an opposing position. This "neutralizes" their effects on the stock price, but still creates the liquidity.
+
+-   The designers of this framework presumed an honest Market Maker.
+
+Part 1: Recap -- The Shallow End
+
+1.  Citadel is the largest Market Maker for the NYSE. But Citadel has been using its powers as Market Maker to illegally counterfeit shares for profit.
+
+-   A Market Maker has the authority to temporarily create shares. Citadel has been abusing this to create *perpetual temporary shares* (or "naked shorts") by exploiting a reporting lapse in the system, so the *perpetual temporary shorts* aren't recognized as fraudulent.
+
+-   This is called a *naked short*, because there isn't a share "there", but the system shows it is and the system acts like it is.
+
+-   Citadel naked shorts both for profit and for tactical reasons. Tactically, when Citadel introduces more (counterfeit) shares into a limited supply, they can lower the price of the targeted stock by dilution...
+
+-   ...and if a stock becomes low enough, it gets de-listed. De-listing typically bankrupts the company and circumvents any consequences for the naked shorts. But the counterfeiter still profits -- at the expense of the company they bankrupted.
+
+-   However, with $GME, Citadel found itself unable to counterfeit enough shares to de-list the stock. Failure meant it needs to prevent the large amount of naked shorts from "Failing to Deliver" (or FTD) -- have their status realized as counterfeit by the regulators.
+
+-   Citadel needs to constantly close out and re-open ("refresh") the naked shorts it has flooded the market with, perpetuating the temporary shares.
+
+-   The cost to Citadel is twofold: daily interest on the legitimate shorts, and exposure to being *margin called* -- forced to pay for the fraudulent shares -- should the price of GME go high enough. Citadel is extremely motivated to prevent this from happening.
+
+Part 2: Marco
+
+1.  Citadel needs to abide by its responsibilities as a Market Maker when it creates a share; it needs to remain "neutral" on its MM positions.
+
+-   Creating a share is a "net short" position for a MM, meaning it creates downward pressure on the stock price. Even if they rent out the share for someone else to short it will still be a *net short* position.
+
+-   For a created share to be a sanctioned MM action, it must paired it with another, opposite position to make the entire action neutral.
+
+-   A MM can offset a short position by adding a "long" position -- which creates upward pressure on the stock price. A long position mostly means buying a share, buying call options, or selling put options.
+
+-   The long position plus the short position, mathematically balanced, equals a neutral position.
+
+-   An MM that illegally counterfeits shares is looking to minimize the costs of their neutral position. They will adopt the most cost-effective position possible.
+
+-   The most likely cost-effective counter to a "net short" position is to sell puts.
+
+-   And while Citadel is [no stranger to selling to itself](https://www.reddit.com/r/GME/comments/lnctgx/citadel_is_an_evil_corp_look_at_its_track_records/) (which is called a "wash sale"), the practice of being both the buyer and the seller attracts a regulator's attention. Which, is something Citadel likely doesn't want happening for its illegal shorting scheme. So it needs to sell the puts to an outside party.
+
+-   *This means Citadel needs another organization to collude with.*
+
+Part 3: Polo
+
+1.  If Citadel needs an accomplice, an easy target is a company that is already relying on Citadel in one way or another.
+
+-   Melvin lists Citadel as an investor[], and most likely depends on Citadel to be their Market Maker for securities orders.
+
+-   Melvin also embraces an aggressive shorting strategy[], which requires an abundance of shorts to execute.
+
+-   So the arrangement between Citadel and Melvin is thus:
+
+-   Citadel creates naked shares for Melvin to borrow or buy. Now Citadel is a "negative" position and they need to be a neutral position. Plus they are taking on risk by fabricating counterfeit shares...
+
+-   ...so Citadel writes ITM puts, and Melvin buys them - making Citadel net neutral. Pretend the premium on the puts is $5.
+
+-   Melvin immediately closes the position on the puts (a net $0 activity, and stems the risks to either party), and the transaction is complete.
+
+-   Melvin now has shorts to use, and Citadel nets $5 and remains neutral.
+
+-   The puts are merely a formality: they keep Citadel neutral and are a way to pay for the naked shorts.
+
+-   This is called a "married put" -- renting out a naked short tied to a put, for the price of the premium on the put.
+
+-   Afterwards, Melvin sells the naked shorts, profiting from the sale and also lowers the price of the stock closer to bankruptcy.
+
+-   And if things go badly for them, Citadel can compel Melvin to close out their shorts, or even intervene and close out the position themselves, while leveraging their powers as Market Maker.
+
+-   (*However, closing out seems unnecessary, doesn't it? Since they can always change a rising stock price with additional naked shorts...*)
+
+-   And if they want, Melvin and Citadel have additional means of concealing their activities:
+
+-   as part of the married put transaction, Melvin can turn and sell Citadel "out of the money" (OTM -- meaning, will expire worthless) calls as part of the transaction to make it look like standard activity.
+
+-   The combination of a put plus a call plus a share is called [a reverse conversion.](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf)
+
+-   It's unclear if either Citadel or Melvin initiated the scheme. Citadel needs constant demand for the counterfeit shares, while Melvin needed abundant shorts - it's rumored that Melvin is a "[hitman hedge fund](https://www.reddit.com/r/WallStreetbetsELITE/comments/lw0cky/either_melvin_lied_about_closing_position_ms_in/)".
+
+-   But both parties needed someone who is unconcerned with the *actual* status of the shares being shorted. So it's clear both are aware of the illegal nature of the shares they are leveraging.
+
+This sub has noticed records of strange banks of calls and puts, which represent probable evidence for the scheme described here.
+
+* * * * *
+
+Evidence [1](https://www.reddit.com/r/GME/comments/m7xipv/whale_watching_the_sweeping_seas_318/) [2](https://www.reddit.com/r/GME/comments/lsnlte/ok_so_random_theory/) [3](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/)
+
+* * * * *
+
+Part 4: A Shiver (The Deacons)
+
+1.  However, in the highly competitive world of corporate finance, successful strategies like Melvin's and Citadel's are tracked, followed, copied, and mirrored.
+
+-   Naked shorting has been [around for awhile](https://www.reddit.com/r/GME/comments/mexlpn/accidentally_released_and_incredibly_embarrassing/), and the payouts are obvious.
+
+-   Other hedge funds or investment banks likely copied Melvin's actions on the same targeted companies, [aiming to profit from their actions without needing to research the strategy too much](https://www.reddit.com/r/GME/comments/mcwu5m/mystery_of_the_negative_beta_solved_hfs_are/)...
+
+-   ...which makes it likely that Citadel was also *fabricating shares for other hedge funds.*
+
+-   So it isn't only Citadel -- there are others involved in this crime.
+
+-   Additional players could also profit, and [assist](https://www.reddit.com/r/GME/comments/m9bfp0/naked_short_selling_the_truth_is_much_worse_than/) either legally or illegally.
+
+-   Susquehanna SIG -- a major Market Maker for options, had [substantial interest](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) in this scheme. Their strategic puts could apply price pressure to the distressed companies and allow SIG to profit from the options placements -- and from price manipulation.
+
+-   Other investment banks and options sellers have also joined in. Their profits could be legal, approved market activity of buying puts or selling shorts. Or the profits could be illegal, resulting from naked shorting and manipulating the price downward.
+
+-   A partial list of large companies that have taken positions against GME include: [Melvin Capital, Citadel Advisors, SIG, UBS Group AG, Group One Trading, Citigroup, Wolverine Capital, and Maplelane Capital](https://www.reddit.com/r/wallstreetbets/comments/lw0g1g/the_industry_players_again_gme/).
+
+-   Coordinating their efforts can achieve a multiplier on their returns. By adopting the same positions as the others, each company assumed a smaller portion of exposure while enjoying the multiplied pressure from their group efforts.
+
+-   The risk of loss is still real, but it is diminished, and marginal compared to the collective assets and rewards.
+
+Part 5: The Deep
+
+1.  As the conspirators coordinated their attacks, they needed a way to operate without gaining public attention.
+
+-   They were used to operating within the parameters of the enforcement agencies (SEC, FINRA)...
+
+-   ...and their activities would be recorded, regardless, on the public register.[]
+
+-   But off-exchange trading venues -- a.k.a. Dark Pools -- would be perfect for their needs.
+
+-   Dark Pools have delayed reporting. The transactions themselves are allowed more time to be recorded (10s -- an eternity in trading time)...
+
+-   ...and have the benefit of not being publicly reported by FINRA until [*WEEKS*](https://www.sec.gov/divisions/marketreg/form-ats-n-filings.htm) after the transactions had taken place.
+
+-   And Dark Pools intentionally keep transactions as anonymous as possible. Again, all transactions would be received by the register and would include the parties involved. But bids and asks that *didn't* end up transacting are never disclosed -- masking the real positions and intentions.
+
+-   But the most valuable part for the conspirators: unlike public exchanges, transactions that take place in Dark Pools do not affect the official national price -- the NBBO.
+
+-   Meaning, they could execute the trades that *negatively* affected the price in the public exchanges...
+
+-   ...and then execute the trades that *positively* affected the price in Dark Pools.
+
+-   So the price would only go down from their activities.
+
+-   And naturally, they could do so in just such a way that they could achieve their goals without attracting regulatory or public attention. (They were extremely familiar with toeing that line).
+
+-   While it is unclear if they *actively discussed* this scheme or coordinated each of their roles (institutional relationships can be tentative, or circumstantial - best described as "frenemies")...
+
+-   ...the transactions would act as tacit collaboration between the firms. They would be able to figure out who else was working with them, and what their position was.
+
+-   Collectively, they are very aware of their mutual positions, even without having explicitly discussed them. The volume, type, location, time, and other positional details would most likely give away what and who was transacting...
+
+-   ...while acting as a signal for others to respond to. Showing an opportunity to be siezed.
+
+Again, the contributors of these subs have noticed high levels of corresponding transactions of $GME occuring in Dark Pools.
+
+* * * * *
+
+Evidence [1](https://www.reddit.com/r/GME/comments/mg5aui/hfs_traded_over_302_million_shares_of_gme_in_otc/) [2](https://www.reddit.com/r/Wallstreetbetsnew/comments/llbz1m/mindboggling_dark_pool_network_may_have_traded/) [3](https://www.reddit.com/r/wallstreetbets/comments/mnm8h0/gme_last_30_days_of_dark_pool_options_order_flow/)
+
+* * * * *
+
+Further reading on the overview: [u/boneywankenobi](https://www.reddit.com/u/boneywankenobi/) 's [deeper dive](https://www.reddit.com/r/GME/comments/mjzx9w/full_analysis_of_current_gme_si_proof_from_the/)
+
+Further reading on married puts: [u/broccaaa](https://www.reddit.com/u/broccaaa/) 's fantastic research [here](https://www.reddit.com/r/Wallstreetbetsnew/comments/mgof7q/the_naked_shorting_scam_revealed_lending_of/) and [here](https://www.reddit.com/r/GME/comments/mh6lnz/the_naked_shorting_scam_update_selling_nude_like/)
+
+Further reading on Dark Pools: [u/NoseBurner](https://www.reddit.com/u/NoseBurner/) 's [excellent recap](https://www.reddit.com/r/Superstonk/comments/mpvm3a/into_the_heart_of_darkness_darkpools_and_fud/), which refers to [u/umu68](https://www.reddit.com/u/umu68/) 's [prolific work](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/)
+
+* * * * *
+
+TL;DR and Summary -- The speed, sophistication, and savvy of the firms illegally affecting the price of $GME and other stocks make it easy for them to collaborate. Each are playing their part -- naked shorting, writing options, providing legitimate cover, transacting in Dark Pools for effect -- according to their specialization. They are extremely financially incentivized to do so. Their familiarity with the regulations means they feel they are able to engage and even expand their scheme without legal consequences. And the tools they have at their disposal give them the means to execute their fraudulent enterprise at will. Some of the financial world's largest firms are complicit or are actively participating. They have assumed the public will not take notice, because the public had not taken notice. This line of reasoning is typically referred to as "Black Swan."
+
+* * * * *
+
+Calls to verify /e?/: [u/the_captain_slog](https://www.reddit.com/u/the_captain_slog/), [u/NoseBurner](https://www.reddit.com/u/NoseBurner/), [u/broccaaa](https://www.reddit.com/u/broccaaa/), [u/boneywankenobi](https://www.reddit.com/u/boneywankenobi/)
+
+Credit roll (in order of appearance): [u/krisoijn](https://www.reddit.com/u/krisoijn/), [u/G_KG](https://www.reddit.com/u/G_KG/), [u/ElevationAV](https://www.reddit.com/u/ElevationAV/), [u/dejf2](https://www.reddit.com/u/dejf2/), [u/DigitalSoldier1776](https://www.reddit.com/u/DigitalSoldier1776/), [u/bobfern37](https://www.reddit.com/u/bobfern37/), [u/animasoul](https://www.reddit.com/u/animasoul/), [u/VaseaPost](https://www.reddit.com/u/VaseaPost/), [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/), [u/skifunkster](https://www.reddit.com/u/skifunkster/), [u/bimnett](https://www.reddit.com/u/bimnett/), [u/StonkyFarts](https://www.reddit.com/u/StonkyFarts/), [u/DIY-Dude-123](https://www.reddit.com/u/DIY-Dude-123/)
+
+Special shout out to [u/GMEisLightandLove](https://www.reddit.com/u/GMEisLightandLove/), [u/beowulf77](https://www.reddit.com/u/beowulf77/)
+
+Final note - some relevant news this week: <https://www.reddit.com/r/news/comments/mqql1f/ap_source_ponzi_schemer_bernie_madoff_has_died_in/>

DD/2021-04-27-Method-for-Hiding-FTDs-using-Useless-Puts.md

@@ -0,0 +1,59 @@
+A Method for Hiding FTD's That Uses the 1.09mil Useless Puts Discovered by /u/defj
+==================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/eastrod](https://www.reddit.com/user/eastrod/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/) | 
+
+---
+
+
+[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 and apettes, I'm jacked to the tits!!!
+
+TL;DR the economic terrorists have given us clear evidence in my opinion that they are resetting FTD's for at least 109 million phantom shares per cycle using cheap OTM puts
+
+I think I may have finally stumbled upon something that can help us in our efforts to discover just how deep a hole the short hedge funds are in.
+
+Huge credit to [/u/dejf2](https://www.reddit.com/u/dejf2/) (sorry I spelled your name wrong in the title) who posted this earlier today:
+
+<https://reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/>
+
+He found 1.09 million useless cheap puts being traded and then closed before the end of the same trading day and it turned on a light bulb in my primate brain, taking me back to an article I read recently while digging into some other companies that were victims of naked short selling.
+
+<https://i.imgur.com/MSu2MOl.jpg>
+
+This is a screenshot highlighting a section taken from this letter to the SEC - it is a good read but the relevant portion is in the imgur link.
+
+Here is a link to the whole document if any other apes want to look into it:
+
+<https://www.sec.gov/comments/s7-30-08/s73008-17.pdf>
+
+The method for creating phantom (naked) shares goes as follows:
+
+-   Hedge fund (Melvin) buys a put (or 1.09 million puts)
+
+-   Market Maker (Shitadel) sells that put and is legally entitled to create and sell 100 phantom shares (or 109 million phantom shares) to hedge the put(s) they just wrote to remain neutral on the trade
+
+-   Hedge fund then sells that put back to the Market Maker except the Market Maker doesn't buy back the phantom shares leaving them net short on the stock and having pocketed the cash for the phantom shares that they did not need a borrow for
+
+Now this is where I snorted a couple of the fat crayons and had a brand new wrinkle form inside my otherwise smooth brain:
+
+The market maker could be using the method above (selling puts and then buying them back for the same price) as an excuse to create new phantom shares and then selling them to the short hedge funds - the ones trying to hide fuck tons of FTD's. This makes the short hedge funds look like they bought shares to clear their FTD's and then the hedge funds sell the share right back to the MM for the same price to create a neutral (net $0) trade while resetting the FTD countdown, essentially kicking the can down the road a little further and hiding 109 million shares of their short position from being reported as FTD's.
+
+Where would a Market Maker and a short hedge fund likely conduct this trade? In a fucking dark pool where they aren't competing with retail for the shares of course; a potential explaination for the insane amount of dark pool trading occuring lately!
+
+Let me be clear for the smoothest of brains - *in absolutely no way does this method help the short hedge funds reduce their short position.* They are not closing any shorts unless they keep some of the phantom shares in which case they are simply increasing the short position of the Market Maker aka Shitadel. This method only allows them to appear as though they have cleared their current FTD's while resetting the countdown. They then have to do this all over again the next time the FTD timer comes knocking.
+
+This could be another valuable tell for just how big the short position is! Other methods are being used to reset FTD's, I'm sure, but this method, combined with [/u/dejf2](https://www.reddit.com/u/dejf2/)'s find of just how many of these useless puts were traded gives me a raging clue. This makes me believe that from this method alone, the shorts have created and bought back phantom shares to reset AT LEAST 109 million phantom shares worth of FTD's.
+
+I hope this catches the eyes of some of some of the more wrinkly brains out there who can read terminal data and helps us get a clearer picture of just how fucked the hedgies truely are. As for me, I am more confident than ever before that the MOASS is inevitable. The tendieman commeth.
+
+HODL 💎🙌🦍🚀🌝☄️✨🛸
+
+Edit: tagging [/u/augrr](https://www.reddit.com/u/augrr/), [/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/), [/u/broccaaa](https://www.reddit.com/u/broccaaa/) our local FTD guru's to see if this new info can be used in conjunction with their findings on FTD numbers and reset methods that they have written such great DD about already.
+
+Edit 2: Clarified my conclusion after seeing some good questions in the comments
+
+*None of the above is financial advice, I just like the stock.*

DD/2021-05-28-GME-Ownership-Analysis.md

@@ -0,0 +1,132 @@
+GME Ownership Analysis 5/28- Hedgies R FuQ
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/H3RB28](https://www.reddit.com/user/H3RB28/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nneevk/gme_ownership_analysis_528_hedgies_r_fuq/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Hello fellow Apes,
+
+Obligatory Disclaimer: I am not a Financial Advisor, and this is not Financial Advice. Always do your own homework. That being said.. lets get started.
+
+TL,DR: Hedies R FuQ. I used data from FTSE Russell's own Database 'Mergent Online' to calculate the current ownership numbers for GME... and my TITS ARE JACKED.
+
+I found some very interesting ownership numbers for GME today. I am using Mergent Online as my data source, which is produced by FTSE Russell.. yes the same FTSE Russell that runs the Russell 2000 Index, which GME is *currently* a part of. I have access to Mergent through the university I am currently at while finishing my bachelors in Finance in a few months.
+
+Now before we get fully started on a simple ownership analysis.. I'm going to take us on a trip back to middle school math class and the dreaded topic of Algebra. Proportions and Cross Multiplying are a pretty simple topic and go something like this:
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/mz00tbfuwy171.jpg?width=720&format=pjpg&auto=webp&s=8b5901da8109b43c71e29b3807a9a5637e8fb716)](https://preview.redd.it/mz00tbfuwy171.jpg?width=720&format=pjpg&auto=webp&s=8b5901da8109b43c71e29b3807a9a5637e8fb716)
+
+Proportions and Cross Multiplication
+
+For making Ownership calculations we need a base to go off of. Mergent Online (once again information reported by the index that GME is a part of) reports the ownership of GME at the following:
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/6io407b6yy171.jpg?width=3634&format=pjpg&auto=webp&s=ea4aaabfb669429f115e1adb79cfdfbb65828caa)](https://preview.redd.it/6io407b6yy171.jpg?width=3634&format=pjpg&auto=webp&s=ea4aaabfb669429f115e1adb79cfdfbb65828caa)
+
+GME Ownership
+
+Mergent Online has GME Shares Outstanding as 69,936,000. We need to keep in mind that this is a number reported as of 1/30/2021. Since then, GME has made a secondary offering of 3,500,000 shares. This gives us an Issuer-Stated Total Shares Outstanding of 73,436,000 or 73.436 Million shares.
+
+Now that we know how many shares there are *supposed* to be, lets check out the Insider Ownership.
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/9haw4oug0z171.jpg?width=3622&format=pjpg&auto=webp&s=14a97865a44e6a912bf5246a906f1219fde92345)](https://preview.redd.it/9haw4oug0z171.jpg?width=3622&format=pjpg&auto=webp&s=14a97865a44e6a912bf5246a906f1219fde92345)
+
+GME Insider Ownership
+
+We can see that the Insider Ownership is broken into two distinct categories: Direct and Indirect Ownership. Direct Ownership is when the shares are listed *directly* in your name, and not say.. in shelter company like RC Ventures. We will do two different calculations in order to display the situation correctly.
+
+Mergent lists the Direct Ownership at 8,057,864 shares totaling 11.52% ownership pie (we all like pies). This leaves 88.48% left over.. *but how many shares is that wrinkly brained ape?* Lets put our trusty friend Algebra to the test.
+
+(11.52/8,057,864) = (88.46/X)
+
+11.52X=712,798,649.44 .. now to find X we divide each side by 11.52.
+
+X=61,874,882.76
+
+Now to check our math we add the 88.46% to the 11.52% to get a total ownership number.
+
+Previously stated ownership: 69,936,000
+
+8,057,864 + 61,874,882.76= 69,932,746.76
+
+To me.. being around 4,000 shares within the "Stated Shares Outstanding" checks out enough to me. To calculate the Free Float I added in the extra 3.5 million shares that were a part of the secondary offering (total shares outstanding 73,436,000)
+
+This would put GME at a Free Float of 65,378,136 shares.
+
+BUT APE NO INCLUDE TENDIE MASTER!! I know, we are getting there.
+
+*RC Ventures WAS NOT listed on the "Direct Ownership" list. The Indirect Ownership is stated at 15,760,670 shares.
+
+Adding the two 'Insider Ownerships' together gives us the following:
+
+8,057,864 + 15,760,670 = 23,818,534 for insider ownership
+
+This new number would give us a Free Float of 49,617,466 or 49 Million shares.
+
+*Up until this point this is all stuff that we have basically already known.. its about to get a little more spicy.* Next we will cover the Institutional Ownership side. Now the Institutional numbers have always been wacky for GME, but I believe these next calculations provide insight into just how big of a hole hedgies have dug themselves.
+
+GME Institutional Ownership- As Stated by Mergent FTSE Russell:
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/z3kg7s9q5z171.jpg?width=3647&format=pjpg&auto=webp&s=dcd3b4b6e56200b41888ca0102fd80528de62b8e)](https://preview.redd.it/z3kg7s9q5z171.jpg?width=3647&format=pjpg&auto=webp&s=dcd3b4b6e56200b41888ca0102fd80528de62b8e)
+
+Hedgies R FuQ
+
+Two things IMMEDIATELY stand out to me: #1 Institutions own 56,158,356 shares.... AT 28.87% ownership.. WHAT?!? This statistic is what is *REPORTED* to the index, these numbers definitely could be fudged.. but most likely to the downside and not the upside.
+
+*So smart Ape.. if Institutions own 28.87% of GME with 56M shares.. how many shares does everyone else (aka Insiders and Retail) own at 71.13%?* Once again, our friend Algebra comes into play.
+
+(28.87/56,158,356) = (71.13/X)
+
+28.87X = 3,994,543,862.28 (now we divide each side by 28.87)
+
+X= 138,363,140.36 or 138.36M shares.. GO APES!
+
+If we then subtract out the higher Insider Ownership number (Direct + Indirect) this gives us a *Retail Control* of 114,544,606.36 shares or 114 MILLION SHARES.
+
+*What the Fuq did hedgies get themselves into?!?*
+
+Now according to the "Institutional Ownership" numbers I wanted to see around about how many Naked Shorts the firms had rehypothecated. To get the Total Shares Outstanding we would then add Institutional Ownership with Retail and Insider Ownership stats:
+
+56,158,356 + 138,363,140 = 194,521,496 shares.. 194 million fuqing shares.
+
+So with the institutional numbers and the Issuer stated numbers I came to the conclusion that:
+
+194,521,496 - 73,436,000 = 121,085,496 or 121 MILLION SHARES NAKED
+
+What did Kenny get himself into.. well covering 121 MILLION shares he can't get his hands on because 114 MILLION are in the hands of Apes.
+
+*Please keep in mind these are the reported numbers.. they could truly be MUCH higher.*
+
+I am always open to criticisms and questions/discussion.
+
+Be Excellent and Rock on Fellow Apes.
+
+- H3RB
+
+Edit: Here is the screen shot from above with the dates highlighted for the base calculations:
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/tr50evybjz171.jpg?width=3354&format=pjpg&auto=webp&s=8e1f8f284ff23268916cabf08369388a8b1947bd)](https://preview.redd.it/tr50evybjz171.jpg?width=3354&format=pjpg&auto=webp&s=8e1f8f284ff23268916cabf08369388a8b1947bd)
+
+Edit 2: Full Screen Shots of Institutional Ownership Stats:
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/nwicrfepoz171.png?width=3693&format=png&auto=webp&s=473fcf5d17515aa04e6c6cc8150696426c04bba5)](https://preview.redd.it/nwicrfepoz171.png?width=3693&format=png&auto=webp&s=473fcf5d17515aa04e6c6cc8150696426c04bba5)
+
+Institutional Ownership 1
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/dia9iacsoz171.png?width=3644&format=png&auto=webp&s=364688f6593f56bf6726ec2a440c2cc0b41877f5)](https://preview.redd.it/dia9iacsoz171.png?width=3644&format=png&auto=webp&s=364688f6593f56bf6726ec2a440c2cc0b41877f5)
+
+Institutional Ownership 2
+
+Edit 3: Direct vs. Indirect Insider Ownership RC Listed as Indirect
+
+[![r/Superstonk - GME Ownership Analysis 5/28- Hedgies R FuQ](https://preview.redd.it/oz019rwsxz171.jpg?width=3668&format=pjpg&auto=webp&s=861b89415e9b82028514b010ad6e0be7189705e1)](https://preview.redd.it/oz019rwsxz171.jpg?width=3668&format=pjpg&auto=webp&s=861b89415e9b82028514b010ad6e0be7189705e1)
+
+RC Listed as Indirect
+
+EDIT 4 (5/29 afternoon): I am doing a more comprehensive review of ownership comparing the numbers reported by Mergent and FTSE Russell to those of: GameStop Proxy, Yahoo Finance Premium, FinteliO, Whale Wisdom, Koyfin, Fidelity Research, Nasdaq, CNNMoney, and MarketBeat (I think I named them all.. may be more I'll update as needed). I am trying to match numbers to see if I can find any discrepancies in data reported.
+
+I have also contacted Mergent & FTSE Russell to try and see if I can get any information on *how* they source their information. On their website it states they have a dedicated data team that updates the data live daily from multiple market sources. I am not sure how true this is, but in the data columns it did say "as of 5/28/21". I will updated on any information about data sources that I receive.

DD/2021-06-13-Learn-From-the-Past-When-They-Did-Not-Care-to-Hide.md

@@ -0,0 +1,130 @@
+Learn from the past, when they didn't care to hide.
+==================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JustBeingPunny](https://www.reddit.com/user/JustBeingPunny/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nyxs1f/learn_from_the_past_when_they_didnt_care_to_hide/) | 
+
+---
+
+[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)
+
+Have you heard of Max-D? No, nor had I. I searched for 'naked short selling' through EDGAR (SEC's public database' and amongst all of the filings, I stumbled upon their wonderful little company.
+
+What makes them so special? Why even bother with a post? Well, they were subjected to manipulative stock trading that was driving their share price into the ground, much like the attempt on GameStop. However, like overstock, this company fought back hard. The went public to expose the naked short selling with figures and number to prove just how bad it was.
+
+Rather than a long TL;DR at the end, I'll be posting recap summaries throughout. You should be able to follow the entire post reading these summaries... I hope. The whole thing is a good read, I promise!
+
+*As always, if any information or interpretation is incorrect, help me correct it! I'm happy to edit accordingly!*
+
+_______________________________________________________________________________
+
+Background --
+
+June 14, 2018 -- 19.09pm ET
+
+*Max Sound Corporation (OTC:MAXD) and its Shareholders are being continuously victimized by Manipulative Trading Practices and Abusive Naked Short Selling orchestrated by Knight/Virtu (NITE), Cantor Fitzgerald (CANT), Canaccord Genuity (CSTI),* *Citadel* *(CDEL) and eTrade/G1 (ETRF) for the past three years with the objective to systematically lower the MAXD share price by selling billions of counterfeit shares that generate enormous free money for the market makers who have no intention of ever covering a short position. In fact, they have paid bashers that spew lies and libel wherever legitimate shareholders congregate.*
+
+*Yesterday the Company reported that it had engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance related to substantial naked short selling of its stock.*
+
+*Max Sound has now registered complaints related to these activities with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).* *The Company encourages MAXD investors and shareholders who believe they have been harmed, to file complaints as well. Remember, the value is being stolen from your investment, only because well-organized criminals are able to operate with absolute power, unmonitored inside the industry that handles, manages, trades and ultimately steals the total value of your asset.*
+
+This is a direct statement. The gigantic titanium swingers these mofos have. I guess I'm not surprised Citadel are in there. Though things continue to get REALLY interesting...
+
+June 14, 2018 -- Earlier the same morning -- 08.49 ET
+
+*Max Sound Corporation has engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance related to substantial short selling of its stock. Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts.*
+
+So you're being naked shorted right into the ground. You feel helpless and have nowhere to go. What do you do? You bring in the experts and that is exactly what they did.
+
+*The Securities and Exchange Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker's activities do not qualify as bona-fide market making. Moreover, a market maker that continually executes short sales away from its posted quotes is not considered to be engaged in bona-fide market making*
+
+Ape talk -- The SEC has stated market-making can't be genuine if they're 'shorting away from its' posted quotes', missing bids from the buy side every now and then, whilst the sell side ALWAYS has something there, or diverts away from its' regular market making patterns. (Sound familiar?) *This is my interpretation. My knowledge on market making is little, so if anyone can add a better easy explanation, I'll be happy to add.*
+
+So let's take a break here and recap.
+
+MAXD are a company that were fully aware that they were being shorted (also naked) into the ground. They hired some experts in the field to take a look into the trading and market making activities for compliance. What they found was....
+
+_______________________________________________________________________________________________________________________
+
+Did they comply?
+
+*MAXD market makers have been monitored daily for compliance with Reg SHO and Fair Market-Making Requirements.* *Here is a trading analysis of MAXD.*
+
+*BuyVol = real buyers at offer.*
+
+*SellVol = real sellers at bid.*
+
+*ShortVolume = short sale trade identifiers for both EXEMPT (market makers)*
+
+*NON-EXEMPT (everyone else) shorts sales.*
+
+*The short selling as a percentage of daily trading volume in MAXD by your firm is abnormally high; the market-making math related thereto does not reconcile and is not at all compliant with Federal Securities Laws***.**
+
+*As is common during these orchestrated short selling campaigns, bad actors with no real interest in MAXD's success, or any small public company for that matter,* *has consistently engaged in false accusations and libel on the Company's stock chat boards in attempts to scare and demoralize MAXD's legitimate shareholders**. It is noteworthy that as soon as Max Sound sent this report to the market makers perpetrating the naked short sales on the company, the bad actors disappeared at least for the time being..*
+
+Acknowledging the shills, reporting the shills and then telling the shorts that they know. I'm beginning to love these people more and more.
+
+Recap -- The experts took a peek behind the curtain and did the math on the market making activity. They concluded that there was absolutely no way that they could be complying with federal securities law. They also found shills in their message boards and compiled a report highlighting all of this. This forced the shorts to back off for a small while.
+
+__________________________________________________________________________________________________________________________
+
+The data
+
+This is the thick of it. MAX-D just didn't publicly state all of this was happening. They posted clear numbers detailing how and WHO. *I'll continue to quote their statement and break it down further. Buckle up.*
+
+*We have analyzed the last year of daily short volume data and correlated it to recent market making activity in MAXD.* *In 27 of the past 31 trading days, 87% of the time, the combined selling and short selling in MAXD has far exceeded the amount of buying (See NetNet column below).* *Market makers, by definition, are required to PROVIDE LIQUIDITY not extract or remove liquidity**. The math provided below demonstrates that instead of matching orders, market makers, Knight/Virtu, Cantor Fitzgerald, Canaccord Genuity, Citadel, eTrade/G1 are heavily shorting MAXD stock BOTH on the offer and on the bid, which by definition means they have a "speculative short selling strategy" running on MAXD. They are carrying net short positions overnight and continuing to claim the market maker's exemption, which is in VIOLATION of the Fair Market Making Requirements of Regulation SHO.* *We are able to mathematically prove this because there is not enough BuyVol (buy volume) to match the amount of selling and short selling. The chart below identifies the top 5 market makers, in MAXD for May 2018 (highlighted below) accounting for 2,257,870,595 shares of trading, or 88.22% of total trading volume in May.*
+
+Ape talk/Recap -- There was lots and lots of short selling from many market makers. They continually claimed their exemption to naked short sell, which is a violation of regulation SHO. Better yet, they could mathematically prove it...
+
+*Total Volume* *Name*
+
+*(Last Month)*
+
+*643,662,180* *Knight/Virtu,*
+
+*154,447,100* *Cantor Fitzgerald,*
+
+*203,762,081* *Canaccord Genuity,*
+
+*769,731,954* *Citadel, - These fuckers yet again*
+
+*247,276,817* *Trade/G1*
+
+*Highlighting these Market Makers abusive activities in-concert with each other for just the one month of May, allows regulators, the SEC, FINRA, the U.S. Attorney as well as the media to easily identify the manipulative trading activity and counterfeiting of MAXD shares engaged in by their traders for the past year and well beyond. When overlaid for the entire year (back to June 1, 2017) the math is shocking. 8,117,878,650 total shares have been shorted representing in excess of 40% of MAXD's total trading volume and it demonstrates that these market makers have knowingly participated in manipulative trading practices and counterfeiting of MAXD shares.*
+
+We provide the following data in this report:
+
+DAILY TOTAL SHARES SHORTED (volume and price), which includes all shares shorted even by exempt institutions such as market makers.
+
+FAILURES TO DELIVER (naked shorts).
+
+MARKET MAKER SHARE VOLUME (exposing exactly how many shares are being traded and the name of the market making firm traded through).
+
+MARKET MAKER DATA (showing whether or not a fair market is being made in each trading day).
+
+CUMULATIVE TOTAL SHARES SHORTED data showing large short positions and the volume weighted average price that a short squeeze will start.
+
+[![r/Superstonk - Learn from the past, when they didn't care to hide.](https://preview.redd.it/xlb7iptlo1571.png?width=568&format=png&auto=webp&s=4f83254f4d02b5f4996ab05191a6937bc1cc1b73)](https://preview.redd.it/xlb7iptlo1571.png?width=568&format=png&auto=webp&s=4f83254f4d02b5f4996ab05191a6937bc1cc1b73)
+
+[![r/Superstonk - Learn from the past, when they didn't care to hide.](https://preview.redd.it/kdft08vmo1571.png?width=555&format=png&auto=webp&s=ec83f53d39b609f687ef86a37103320504121f3e)](https://preview.redd.it/kdft08vmo1571.png?width=555&format=png&auto=webp&s=ec83f53d39b609f687ef86a37103320504121f3e)
+
+Recap -- They proved mathematically that the game was rigged and that Kenny boy (Citadel) was the biggest culprit. The first image shows the potential squeeze value. The second image shows just how bad the market making activity was. Just look at that buy volume vs sell volume.
+
+________________________________________________________________________________________________________________________
+
+The final comment
+
+*MAXD is making this report available to the investment world to create a substantial short squeeze opportunity with the goal to return to its shareholders the massive amount of equity stolen by unscrupulous market makers.*
+
+They openly advocated for people to invest to start a short squeeze. There was no hidden riddle. It was there in black and white.
+
+TL;DR -- MAX-D are a company that were being shorted into the ground. Market makers were using their liquidity exemptions to naked short, further driving the price. MAX-D brought in the experts and found the market making activity was fraudulent and in breach of Federal securities law, as it was mathematically impossible they were doing everything 'by the book'.
+
+_______________________________________________________________________________________________________________________________
+
+Bonus round -- Citadel and the inadvertent 'mini bomb'
+
+Let's look at the chart. Citadel were the biggest shorts for the company? Looks like Kenny had to cover some of them other shorts positions.
+
+[![r/Superstonk - Learn from the past, when they didn't care to hide.](https://preview.redd.it/b2sv9zxto1571.png?width=672&format=png&auto=webp&s=7e5bf6e1aecffc9b61ab9dcad35a16d87246a691)](https://preview.redd.it/b2sv9zxto1571.png?width=672&format=png&auto=webp&s=7e5bf6e1aecffc9b61ab9dcad35a16d87246a691)

DD/2021-06-16-T+35-is-the-One-True-Cycle.md

@@ -0,0 +1,252 @@
+T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]
+=====================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/dentisttft](https://www.reddit.com/user/dentisttft/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) | 
+
+---
+
+[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 post is for educational purposes only. Do your own research and make your own decisions before acting on them. Just because this information is correct now, doesn't mean it will be correct every other day. HFs have a lot of tricks. No one knows what will come next...*
+
+EDIT10 (6/21): It is more clear to me now that ETF FTD's do not behave the same as the GME FTDs that I use as examples. The ETF FTDs are a work in progress. The ETF FTDs should be weighted as well. If you find a pattern in the ETF FTDs, I'm open to hearing it!
+
+--------------------------------------------------------------------------------------
+
+TL;DR:
+
+-   Every spike that is seen can be traced back to T+35.
+
+-   I show 1 min spikes to back this claim up
+
+-   I provide a guide on how to setup this data yourself.
+
+Preface
+
+Almost 2 weeks ago, I posted some DD about T+35.
+
+[T+21 is NOT actually a thing! [Counter DD]](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/)
+
+I claim that T+35 is the only T+X that is important, and other T+X "cycles" are actually just from T+35. This concept goes against the general consensus, so as expected... I got mixed reviews. Since then I have seen a different T+X, T+Y, T+Z theory every day, but there is always a catch or some sort of guessing applied. Or the cycle is T+21 one month, but T+19 the other month. As you may imagine, this has gotten frustrating for me. There is no shade being thrown at other DD writers. I just want everyone to realize how simple this is so we can all be on the same page.
+
+My T+35 theory doesn't have guess work. It works every time and it's based on free data that anyone can get. In this post, I will show you how. (I know this is starting to sound like an infomercial, but stick with me)
+
+Where my T+35 theory comes from...
+
+Reg SHO Rule 204 (<https://www.law.cornell.edu/cfr/text/17/242.204>) states HFs need to cover their FTDs "before regular trading hours on the 35th day after the FTD date". My T+35 theory shows they wait until the last possible day to cover, so the 34th day after the FTD date (this is why our third column formula was "=A1 + 34"). If the 34th day lands on a weekend or holiday, bump it forward to the next business day.
+
+Reg SHO states that you cannot short a stock if you have FTDs open. Once the FTDs get covered on that day, GME's price will not return to that point.
+
+That's it. That's all you need.
+
+It's as simple as...
+
+1.  Get the FTD data
+
+2.  Count 34 calendar days (FTDs need to be covered BEFORE the 35th day)
+
+3.  Those FTDs will be bought all at once on that trading day.
+
+Oh, you want to see an example?
+
+Okay, sure.
+
+I have picked out days from April because the FTDs are large and the volume was small. It is very easy to pick them out.
+
+How about... April 21. 32,220 FTDs need to be covered. The day's volume was low, but there was a 1m volume spike at 12:23 EST of 39,000. GME's price never came back afterward.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/c82wf7csqm571.png?width=451&format=png&auto=webp&s=ca4a553ffb37e4eb7ef574f3bdd7efc21bbcd413)](https://preview.redd.it/c82wf7csqm571.png?width=451&format=png&auto=webp&s=ca4a553ffb37e4eb7ef574f3bdd7efc21bbcd413)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/stvi493tqm571.png?width=760&format=png&auto=webp&s=c63c88a3ef43b64a79c124bf49fc0aaff0057ec9)](https://preview.redd.it/stvi493tqm571.png?width=760&format=png&auto=webp&s=c63c88a3ef43b64a79c124bf49fc0aaff0057ec9)
+
+April 19. 140,554 FTDs need to be covered. GME was rising quite fast on it's own. Remember, they can't short a stock when they have FTDs that need to be covered. So at 10:25 EST, There was a big jump in volume up to 160k and then the price dropped for the rest of the day.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/lb5q8rbvqm571.png?width=449&format=png&auto=webp&s=6fa055c19c2cf90d9cd6c8bddd1c201c5d5d1543)](https://preview.redd.it/lb5q8rbvqm571.png?width=449&format=png&auto=webp&s=6fa055c19c2cf90d9cd6c8bddd1c201c5d5d1543)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/px47llyvqm571.png?width=805&format=png&auto=webp&s=e344df65f5219edef1d3f7708357a728c5793130)](https://preview.redd.it/px47llyvqm571.png?width=805&format=png&auto=webp&s=e344df65f5219edef1d3f7708357a728c5793130)
+
+You see? It's that easy!
+
+Meh... this seems like a coincidence
+
+Okay, fine... I'll keep going.
+
+April 16 - 46,344 FTDs
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/cmrtpjd1rm571.png?width=449&format=png&auto=webp&s=feaf916cbd63dffe35c043ca34ffeebfb81ee19d)](https://preview.redd.it/cmrtpjd1rm571.png?width=449&format=png&auto=webp&s=feaf916cbd63dffe35c043ca34ffeebfb81ee19d)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/3f8jcft1rm571.png?width=805&format=png&auto=webp&s=89bad926ace29cb36dfb23cfed018e78e642e653)](https://preview.redd.it/3f8jcft1rm571.png?width=805&format=png&auto=webp&s=89bad926ace29cb36dfb23cfed018e78e642e653)
+
+April 15 - 155,658 FTDs
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/n75at1i4rm571.png?width=448&format=png&auto=webp&s=5b314710aa16ba499713776eccf36306c5826688)](https://preview.redd.it/n75at1i4rm571.png?width=448&format=png&auto=webp&s=5b314710aa16ba499713776eccf36306c5826688)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/rjz3cpw4rm571.png?width=758&format=png&auto=webp&s=a027c39558f072760bb8c02bc2601580da764abc)](https://preview.redd.it/rjz3cpw4rm571.png?width=758&format=png&auto=webp&s=a027c39558f072760bb8c02bc2601580da764abc)
+
+April 1 - Two days needed to be covered this day because 4/4 was a weekend. At 1:25, there was an 83k volume spike followed by a couple 100k-150k volume candles.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/dtcgi377rm571.png?width=449&format=png&auto=webp&s=04879f53d128e51679420c3c9acd23be166d06dc)](https://preview.redd.it/dtcgi377rm571.png?width=449&format=png&auto=webp&s=04879f53d128e51679420c3c9acd23be166d06dc)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/hjktf658rm571.png?width=763&format=png&auto=webp&s=eb96ccede1210db6c24950eeb0f689db122b6f99)](https://preview.redd.it/hjktf658rm571.png?width=763&format=png&auto=webp&s=eb96ccede1210db6c24950eeb0f689db122b6f99)
+
+April 30 - 86,859 FTDs. This one got split between two minutes on my chart. The average 1m volume was between 30k-40k shares. And then there are two 70k-80k volume candles at 9:50-9:51 am.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/vezj8zkarm571.png?width=453&format=png&auto=webp&s=06957bcdbaeeaa47ba59f34382e1811182c2b07a)](https://preview.redd.it/vezj8zkarm571.png?width=453&format=png&auto=webp&s=06957bcdbaeeaa47ba59f34382e1811182c2b07a)
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/fb1lqpyarm571.png?width=855&format=png&auto=webp&s=238276a529cc1e48c34e06e58e9bce7b3a817843)](https://preview.redd.it/fb1lqpyarm571.png?width=855&format=png&auto=webp&s=238276a529cc1e48c34e06e58e9bce7b3a817843)
+
+I can keep going. These are the easy ones to spot *just* in April.
+
+So what about ETF FTDs?
+
+Days with large ETF FTDs also see spikes like this. But it doesn't convert well enough to show. For instance, 1.9 million ETF FTDs might convert to a 120,000 share GME spike. If someone wants to continue this research and find a way to convert the ETF FTD count into GME shares, go ahead.
+
+Why do some days lead to large gains and some days drop immediately after the FTD cover?
+
+I wrote about that in my last DD:
+
+[SLD DD [A predictable monthly pinch on capital leading to GME gains]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/)
+
+But here's what you need to know if you can't read two DDs in a row:
+
+-   There is a period that starts on Wednesday before monthly options expiration and extends to 9 days after monthly options expiration where the 30 largest financial companies need to make large deposits to the NSCC.
+
+-   During those days, they have less money and need to be careful not to spend more or they will get liquidity called.
+
+-   Meaning T+35's with large FTD days that fall in the SLD period will increase GME's price a lot more than large FTD days that fall out of the SLD period. Once the price of GME rises within the SLD period, it does not come back down until 2 days before the end of SLD.
+
+I even mapped out the SLD periods:
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/ys4ovwzurm571.png?width=1246&format=png&auto=webp&s=16a4fcd208abfca25a479f87f5f54fc590b2af06)](https://preview.redd.it/ys4ovwzurm571.png?width=1246&format=png&auto=webp&s=16a4fcd208abfca25a479f87f5f54fc590b2af06)
+
+March 5-10 is the biggest spike outside of SLD. Those can be associated with ETF FTDs.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/enpanyhxrm571.png?width=448&format=png&auto=webp&s=3c9b8bb8bb070fe3283ecdb7874e7e94eb283339)](https://preview.redd.it/enpanyhxrm571.png?width=448&format=png&auto=webp&s=3c9b8bb8bb070fe3283ecdb7874e7e94eb283339)
+
+How do I see this for myself?
+
+Download the FTD data from the SEC: <https://www.sec.gov/data/foiadocsfailsdatahtm> and pull out every line with GME and every line of the ETFs GME are in. But that's a lot of work. Luckily, a lovely ape by the name of [u/nequin](https://www.reddit.com/u/nequin/) made a website to do this all for you.
+
+Get the FTD data:
+
+1.  Go to <https://failedtodeliver.com/?symbols=GME>
+
+2.  Make a spreadsheet.
+
+    1.  Column A is the FTD date.
+
+    2.  Column B is "=A1+34" and fill down.
+
+    3.  Column C is the number of GME FTDs
+
+    4.  Column D is the number of ETF FTDs
+
+ETFs with GME
+
+<https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU>
+
+EDIT 7: I posted my dataset for the people who want to compare. <https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35_dataset/>
+
+EDIT 9: There were some issues brought up in the data. But they shouldn't be issues. Trust the files or [failedtodeliver.com](https://failedtodeliver.com/), they are the same.
+
+~~EDIT 6: IT HAS BEEN BROUGHT TO MY ATTENTION THAT THE WEBSITE IS OFF BY ONE DAY STARTING IN APRIL. PROBABLY BECAUSE OF THE HOLIDAY. I HAVE TAGGED THE PERSON WHO CREATED IT. SO MAKE SURE YOU DOUBLE CHECK SOME DAYS WITH THE FILES UNTIL ITS FIXED.~~
+
+~~EDIT 8: APPARENTLY THE WEBSITE USES THE FILES, SO EDIT 6 IS NOT COMPLETELY CORRECT. THERE IS A DISCREPENCY BETWEEN THE FILES/FAILEDTODELIVER.COM AND THE SEC'S FTD GRAPH.~~ [~~https://sec.report/fails.php?tc=gme~~](https://sec.report/fails.php?tc=gme)
+
+~~THE FILES SKIP APRIL 21 (WHICH IN MY OPINION MEANS ZERO) AND HAVE APRIL 30, THE GRAPH WEBSITE HAS APRIL 21 AND SKIPS APRIL 30. SO I THINK THE GRAPH WEBSITE MIGHT BE INCORRECT.~~
+
+Important Notes:
+
+-   Column A is the settlement date when the share officially becomes an FTD.
+
+-   Column B is the last possible day to cover the FTD
+
+Your spreadsheet looks like this...
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/ox473wz4sm571.png?width=451&format=png&auto=webp&s=0efc2bda56da1c16e3ab3ea4887db568cdbf43b8)](https://preview.redd.it/ox473wz4sm571.png?width=451&format=png&auto=webp&s=0efc2bda56da1c16e3ab3ea4887db568cdbf43b8)
+
+Now what?
+
+1.  Google search "what is today's date"
+
+2.  Find that date in column 2 (the +34 day)
+
+3.  Follow this flow chart.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/4ag11hd7sm571.png?width=292&format=png&auto=webp&s=7fc674526dbcd541c60490e9661581559fadade3)](https://preview.redd.it/4ag11hd7sm571.png?width=292&format=png&auto=webp&s=7fc674526dbcd541c60490e9661581559fadade3)
+
+In my experience, a "large number of FTDs" is 70,000+ for GME FTDs or 1-1.5 million FTDs for ETFs.
+
+Again, this is not guaranteed. This is just based on patterns I've seen. There are plenty of tricks that probably have not been shown. Don't do something stupid based on this data, its for education purposes only.
+
+Should my tits be jacked!?
+
+Here's the new data for this next week... Use your new knowledge from this post and you decide!
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/6a5dvr1jxn571.png?width=597&format=png&auto=webp&s=cc76d854e680a88d218b11774b70e0b805276687)](https://preview.redd.it/6a5dvr1jxn571.png?width=597&format=png&auto=webp&s=cc76d854e680a88d218b11774b70e0b805276687)
+
+EDIT5: Fixed the hightlighted section. Accidentally had June 15th in there when it shouldn't be.
+
+FAQ
+
+New FTD data just came out yesterday. So what about June?
+
+The ETF FTDs are quite large for the next 5-7 trading days. Combine that with SLD starting on June 16 ~~17~~, things look good.
+
+EDIT5: Accidentally had the wrong date typed here and the wrong dates highlighted in the photo.
+
+Why do the last two days of SLD not behave the same as the other days?
+
+Not sure. My guess is that HFs have 2 days to pay a liquidity call. So there's no point in liquidity calling them when they are about to get their money back. It also usually is at the end of the week when option premiums get extremely high, less calls are bought, and gamma ramp slows down.
+
+How long does it take before GME/ETFs show up as FTDs?
+
+They become FTDs when the trade settles. So for GME FTDs, its T+2. For ETF's, its T+6. (shoutout to [u/karasuuchiha](https://www.reddit.com/u/karasuuchiha/) for pointing out the ETF settlement time to me)
+
+What causes GME FTDs?
+
+This is where the idea of "cycles" comes from. When FTDs fall in SLD and GME spikes, it creates a lot of ITM call options. When those call options are exercised on Friday, they become FTDs upon settling (T+2 settlement). *Note: Buying and selling option contracts settle in T+1, but exercising contracts is T+2*. This causes a lot of new FTDs that need to be covered in 34 more days. Thus creating an obsession with "cycles" and why other "T+X cycle" theories fall short. It's literally just ITM options from the last SLD + FTD spike price increase will create new FTDs on Tuesday (or Wednesday with a holiday).
+
+What causes ETF FTDs?
+
+SSR!!! Remember all those days when SSR didn't stop GME from going down? It's because GME is shorted through the ETFs causing ETF FTDs 6 days later when they settle. It did something, it's just not immediately seen.
+
+I'm still not buying it. There are definitely spikes every 21 days!
+
+Well, I tried. Erase what you know about T+21 cycles and try to understand and apply this post. And maybe you will eventually see what I see.
+
+What about Net Capital?
+
+I don't know. I avoid FINRA things because in the end... it's just FINRA. This is based off of NSCC rules. I've found enough correlation in only using FTDs and SLD that I didn't think I needed to look into Net Capital too much. They could definitely both be happening, but in the end, I don't think it's too important. I'm open to someone changing my mind on this if you can show me the data (not the rules) to support that Net Capital has more correlation than SLD.
+
+What else should I know?
+
+Rule 204 says the 35 day exception applies when you have a long position on the stock. If they're shorting, how do they get to say they have a long position? I have a theory, but nothing concrete.
+
+TL;DR: The TL;DR is at the top of the post you sweet, tender, smooth-brained ape.
+
+Now that I have more eyes on my posts, I'm hoping this theory sticks better than the first time. In my opinion, getting distracted on other types of cycles is diluting focus.
+
+pce~~
+
+[u/dentisttft](https://www.reddit.com/u/dentisttft/)
+
+----------------------------------------
+
+Shoutout to [u/wJFq6aE7-zv44wa__gHq](https://www.reddit.com/u/wJFq6aE7-zv44wa__gHq/) for letting me bounce ideas off of them!
+
+EDIT1-3: formatting fixes
+
+EDIT4: Added "Should my tits be jacked!?" section
+
+EDIT5: Fixed the dates on my new section. I rushed it and highlighted June 15 on accident.
+
+Bonus Round!
+
+I posted my SLD DD on June 13th at 6:23 PM EST. 6 hours later at 12:02, Elon Musk posted this on Twitter.
+
+[![r/Superstonk - T+35 is the one true "cycle" [Evidence to back my theory up plus a step-by-step guide on how to follow along at home]](https://preview.redd.it/83o4bvpgsm571.png?width=616&format=png&auto=webp&s=4527094e5aa1d136adabc4dd554778ac29b5590c)](https://preview.redd.it/83o4bvpgsm571.png?width=616&format=png&auto=webp&s=4527094e5aa1d136adabc4dd554778ac29b5590c)
+
+Is it about my DD? No idea, probably not. But it's fun to think about. If any of the RC Tweet analyzers can find a definite connection, that would make my day.

DD/2021-07-05-The-OTC-Conspiracy-Part-I.md

@@ -0,0 +1,358 @@
+The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)
+================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nayboyer2](https://www.reddit.com/user/nayboyer2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_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)
+
+"Let's take another dive into that Dark Pool data
+
+And learn why our stonk has such a Negative Beta
+
+High Frequency Trading, when they got stuck
+
+TLDR: Hedgies R Fuk"
+
+I'm a long-winded SOB, so I'm going to break this into 2 parts.
+
+I'll start with Part 1 and cover November through March.
+
+I know Part 1 is a big stinky Data Dump, but I'll try to include some additional take-home points in Part 2 once they release the final May data.
+
+Part 2 will include April through May plus some "Bananas for Thought".
+
+There's a Visual TLDR at the end, so you could probably start there if you're not a data donkey like me.
+
+I've been looking at the OTC data for a couple of months:
+
+[Missing Bananas 1](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) (4/21)
+
+[Missing Bananas 2](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/) (4/23)
+
+[The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/) (4/25)
+
+[The OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/) (5/5)
+
+[OTC Conspiracy Graph](https://www.reddit.com/r/Superstonk/comments/o5amd8/the_otc_conspiracy_this_graph_and_data_shows_gme/) (6/21)
+
+There's no doubt in my mind that the OTC has been used for fuckery and manipulation in an effort to control the price. For this post, I decided to evaluate the OTC from a slightly more macro perspective. In the [OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/), I compared GME OTC to 33 other stocks. The sample wasn't perfect, but it was clear GME has been traded more in the OTC than any other stock.
+
+For this post, I wanted to look at how GME has been handled in OTC compared to the OTC as a whole.
+
+Why should we care about the OTC?
+
+The NYSE President, Stacey Cunningham, confirmed in an interview last month that the prices of "meme stocks" may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs.
+
+From the Reuters article about that interview, [Meme Stock Prices May Not Properly Reflect Demand](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/), Stacey Cunningham says:
+
+"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic."
+
+"That price formation is not really reflective of what supply and demand is."
+
+"Individual traders contribute as much as 70% of the volume (in these stocks)"
+
+As the article states, the majority of retail orders bypass exchanges because of Payment for Order Flow arrangements, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the 'best market price or better'.
+
+But the practice raises conflict of interest questions, including whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gary Gensler said.
+
+GGee... I wonder...
+
+Preface to the Data
+
+Let's jump right in. Please note that I removed De Minimis Firms from my monthly data analysis because these firms are too small or too cowardly to identify themselves as GME OTC participants (was dat u Melvin?). Each participant is identified individually in FINRA Total OTC data so it was very difficult to compare.
+
+Because I had to remove De Minimis Firms from the analysis, the actual monthly GME OTC totals are slightly less than the original FINRA data that I presented in my previous posts. However, doing this allowed me to look at each participant's monthly activity across the entire OTC and compare it to their monthly activity for GME.
+
+I have zero finance background, so I'm going to try to limit speculation as much as possible and leave that to the wrinkly-brained apes in the comments and in future posts.
+
+All the data is directly from the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData).(<https://otctransparency.finra.org/otctransparency/OtcIssueData>)
+
+FINRA somehow thinks it's fair and reasonable to release this "top secret data" at least 4 weeks delayed, so Part 2 will only include data through May, after it gets released tomorrow.
+
+December and November OTC
+
+A normal November and a December dial-up
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/gvkmrk5smh971.png?width=1580&format=png&auto=webp&s=ce9c3b62c8794e8a2cb2ef5301b070cba1fcb46d)](https://preview.redd.it/gvkmrk5smh971.png?width=1580&format=png&auto=webp&s=ce9c3b62c8794e8a2cb2ef5301b070cba1fcb46d)
+
+In November and December, GME OTC trades accounted for 0.11% and 0.17% of participants total OTC trading activity
+
+November:
+
+-   8 participants
+
+-   GME was 0.10% of Total OTC shares traded for these participants
+
+-   GME was 0.11% of Total OTC trades for these participants
+
+-   201 million OTC trades; GME ~ 224,000
+
+-   OTC ~ 313 shares/trade; GME 290 shares/trade
+
+-   GME price ~ $12-16
+
+December:
+
+-   7 participants
+
+-   GME 0.13% of Total Shares
+
+-   GME 0.17% of Total Trades
+
+-   241 million OTC trades; GME ~ 406,000 (81.3% monthly increase from November)
+
+-   OTC ~ 313 shares/trade; GME 247 shares/trade
+
+-   GME Price ~ $16-$20
+
+In November, GME was 0.10% of total OTC shares traded and 0.11% of total OTC trades. To me, it makes sense to have a similar allocation of % shares traded and % trades. It also makes sense that the shares/trade for GME would be similar to the entire OTC marketplace (290 vs 313). That's why I feel like November provides a good basis for comparison even though GME was heavily manipulated well before November and December 2020.
+
+In December, we already see these numbers begin to skew. GME was 0.13% of shares, and 0.17% of trades and the average shares/trade for GME dropped from 290 in November to 247 in December. The average shares/trade for these participants across the entire OTC marketplace (including GME) remained at 313.
+
+January OTC
+
+The January Jump-Off
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/b9v5q2oqk9971.png?width=1770&format=png&auto=webp&s=15926b50d64846a4da254cc245025db4fd9e279c)](https://preview.redd.it/b9v5q2oqk9971.png?width=1770&format=png&auto=webp&s=15926b50d64846a4da254cc245025db4fd9e279c)
+
+In January, GME OTC trades accounted for 1.85% of all OTC trades for these participants. GME shares accounted for 0.51% of all OTC shares traded
+
+January:
+
+-   14 participants (from 7 in December)
+
+-   GME was 0.51% of Total OTC shares traded
+
+    -   The monthly % increase in GME OTC shares traded OTC was over 518% from December and over 700% from November
+
+-   GME was 1.85% of Total OTC Trades for these participants
+
+    -   Up from 0.17% in December and 0.11% in November
+
+-   OTC ~ 311 million trades; GME 5.76 million trades
+
+    -   1319% monthly % increase in GME OTC trades from December
+
+    -   2473% monthly % increase in GME OTC trades from November
+
+-   OTC ~ 328 shares/trade; GME 90 shares/trade
+
+-   GME closing price ~ $17 - $347 (but only 4 trading days closed above $100)
+
+We know that the volume in January was literally bananas (over 1.26 billion). And over 49% of that volume (over 624 million) went to the OTC and ATS dark pools.
+
+The GME average shares/trade decreased from 247 to 90, while the average shares/trade for these participants across the entire OTC marketplace (including GME) increased from 313 to 328.
+
+GME was 0.51% of total OTC shares traded for these participants.
+
+Meanwhile, the idiosyncrasy of % shares and % trades was further amplified, with GME accounting for 1.85% of total OTC trades. So almost 1 out of every 50 OTC trades across the entire OTC marketplace for these participants was GME.
+
+Meanwhile, more than 1 out of every 50 OTC trades (2.23%) that Citadel made in January was GME (and they trade a LOT of securities). They traded more shares OTC in January than any other month to date. Their shares/trade for GME dropped from 360 to 98, while their shares/trade for the entire OTC (including GME) increased from 353 to 390. They increased their GME monthly shares from 47 million in December to over 252 million (an increase of 432%). They made almost 2.56 million GME OTC trades, an increase of over 1840% from December and an increase of over 3270% from November.
+
+They weren't acting alone. I bolded all of the participants whose GME trades accounted for >1% of their overall OTC trades (11 of 14 participants).
+
+-   Virtu increased their GME trades by over 1150%
+
+-   G1 Execution increased their GME OTC trades by over 1419%
+
+-   Jane Street increased their GME OTC trades by over 1842%
+
+-   and UBS Securities increased their GME OTC trades by over 1423%
+
+-   Two Sigma (436%) and Wolverine (441%) also increased their trading in January
+
+Their only chance at remaining solvent was to turn off the buy button, kick the can with married puts, and initiate Fuckery in February.
+
+February OTC
+
+The February Fuckery was Afoot
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/szdozinfk9971.png?width=1773&format=png&auto=webp&s=408609baf93e5a3a253daf1b49bc21a6e28649c4)](https://preview.redd.it/szdozinfk9971.png?width=1773&format=png&auto=webp&s=408609baf93e5a3a253daf1b49bc21a6e28649c4)
+
+Robinhood enters the fray in February, making 772,000 trades with 774,600 shares
+
+February
+
+-   14 participants (from 14 in January)
+
+-   GME accounted for 0.31% of Total OTC shares traded (from 0.51% in January)
+
+    -   The monthly GME OTC shares decreased 42.3% from January
+
+    -   However, the monthly GME OTC shares traded was still up over 199% from December and over 361% from November
+
+-   GME accounted for 2.24% of Total OTC Trades for these participants
+
+    -   Up from 1.85% in January, 0.17% in December, and 0.11% in November
+
+-   OTC ~ 345 million trades; GME 7.73 million trades
+
+    -   34.2% monthly % increase in GME OTC trades from January
+
+    -   1804% monthly % increase in GME OTC trades from December
+
+    -   3353% monthly % increase in GME OTC trades from November
+
+-   OTC ~ 283.3 shares/trade; GME 38.8 shares/trade
+
+-   GME closing price ~ $40-$225 (but only 3 trading days closed above $100)
+
+So, while there was a 42% decrease in GME shares traded OTC, there was a 34.2% increase in trades... What else changed?
+
+Robinhood entered the OTC for the first time in February. They actually eased into it nice and slow.
+
+-   Week of 2/1 - 0 trades
+
+-   Week of 2/8 - 1,675 trades
+
+-   Week of 2/15 - 14,900 trades
+
+Warming up with a little foreplay before the real GME molestation began.
+
+During the week of 2/22 they made over 755,400 trades with over 757,900 of our shares. You don't need a math degree to see that averages out to almost exactly 1.00 shares/trade.
+
+This was likely in an effort to try to mitigate the increase in price from having to cover some of January's mountain of FTDs that weren't tucked away in options. I remember watching these fuckers desperately try to suppress the price on 2/25 and 2/26.
+
+-   We opened on 2/24 at $44 and closed at $91 on 83 million in volume.
+
+-   We opened on 2/25 at $169, yet somehow closed at $108 on over 150 million in volume.
+
+-   On 2/26, we opened at $117 and closed at $101 on over 92 million in volume.
+
+I thought this deserved a closer look.
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/ci4tbrc4a9971.png?width=1715&format=png&auto=webp&s=0b2049cab89ede5ab148f33a867774c890431c51)](https://preview.redd.it/ci4tbrc4a9971.png?width=1715&format=png&auto=webp&s=0b2049cab89ede5ab148f33a867774c890431c51)
+
+February Fuckery was afoot during the week of 2/22. Robinhood made almost 24% of the GME OTC trades that week, more than even Citadel and trailing only Virtu
+
+Robinhood accounted for almost 24% of GME's weekly OTC trades, trailing only Virtu. They made more GME OTC trades than Citadel. GME accounted for almost 17.5% of their total OTC shares and almost 18.7% of their total OTC trades.
+
+GME was over 5.56% of the total OTC trades for these participants during the week of 2/22, but only 0.70% of the volume. GME was over 3% of total OTC trades in 13 out of the 15 participants (in bold).
+
+There were over 3.157 million GME trades on the OTC during this one week!
+
+To put that into perspective, the number of GME OTC trades in December was 406,000 and the number of GME OTC trades in November was less than 224,000. In fact, there was 225% more GME trades made in the OTC in that one week than September, October, November, and December COMBINED (1.4 million trades).
+
+The average shares/trade across the entire OTC (including GME) for these participants was over 305. The average shares/trade for GME was 38.5.
+
+I'm sure there are more connections we can make from this one week of data, but for brevity sake, I'm going to zoom back out to the monthly data.
+
+In February, Citadel was able to decrease the number of GME shares traded OTC by over 54% from January. However, Citadel actually increased the number of GME trades made OTC by 3.73% from January (an increase of 1912% from December and 3396% from November). Their average GME shares/trade decreased from 98.6 in January to 43.6 in February. Their average shares/trade across the entire OTC (including GME) dropped from 390 to 330. GME was still over 2% of their total OTC trades, but only 0.27% of their total OTC shares. It certainly seems like Ken was playing high frequency patty cake with his good pal Vlad, now that RH had conveniently joined the OTC frenzy.
+
+Citadel and Robinhood weren't the only participants to participate in this HFT frenzy. Virtu decreased their GME OTC shares traded by 15%, but increased the number of GME OTC trades by 12.25%. Their average shares/trade GME dropped from over 77 in January to 58 in February. GME accounted for 0.36% of their total OTC shares, but 1.94% of their total OTC trades.
+
+Wolverine went from 98 GME shares/trade in January to 3.85 shares/trade in February. They did so by decreasing the shares traded by 91%, while increasing the number of trades by 127.6%. GME was 0.03% of their total OTC shares traded, but 2.23% of their total OTC trades. No wonder why they sold their GME.
+
+G1 Execution dropped their GME shares/trade from 142 in January to 28.8 in February. They decreased their monthly GME shares traded by 64% and increased their monthly trades by almost 78% from January (up 2602% from December and 4033% from November). GME was over 3.8% of their total OTC trades, but only 0.45% of their OTC volume. Their shares/trade decreased from 142 in January to 28.8 in February (vs 244.7 for the entire OTC including GME).
+
+Two Sigma increased their GME OTC trades by almost 83% from January (up 881% from December and 1541% from November), but increased their shares by only 17.8%. Their shares/trade for GME dropped to an all-time low of 17.75.
+
+I could keep going with February Fuckery, but let's move on to The March Manipulation.
+
+March OTC
+
+The March Manipulation
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/ponb5hgvj9971.png?width=1621&format=png&auto=webp&s=8799c8667e212f9fc0a61ca930fa8c82228fc9ce)](https://preview.redd.it/ponb5hgvj9971.png?width=1621&format=png&auto=webp&s=8799c8667e212f9fc0a61ca930fa8c82228fc9ce)
+
+Robinhood upped the ante with 1.656 million trades using 1.658 million shares. The total percent of OTC trades that was GME increased for the 5th straight month to 2.32%.
+
+March:
+
+-   12 participants (from 14 in February)
+
+-   GME accounted for 0.30% of Total OTC shares traded (from 0.31% in February)
+
+    -   The monthly GME OTC shares decreased 17.07% from February
+
+    -   However, the monthly GME OTC shares traded was still up almost 148% from December and almost 283% from November
+
+-   GME accounted for 2.32% of Total OTC Trades for these participants increasing for the 5th straight month
+
+    -   Up from 2.24% in February, 1.85% in January, 0.17% in December, and 0.11% in November
+
+-   OTC ~ 329 million trades; GME 7.65 million trades
+
+    -   1.06% monthly % decrease in GME OTC trades from February
+
+    -   32.8% monthly % increase in GME OTC trades from January
+
+    -   1784% monthly % increase in GME OTC trades from December
+
+    -   3317% monthly % increase in GME OTC trades from November
+
+-   OTC ~ 255.3 shares/trade; GME 32.5 shares/trade
+
+-   GME closing price ~ $120-$265 (9 out of 20 trading days closed above $200)
+
+The GME shares/trade dropped to an all-time low of 32.5. Robinhood increased their GME OTC shares traded and number of GME OTC trades by 114% each. March was the month of the great Robinhood exodus, and it's likely that they began scrambling for shares. GME was over 7% of their total OTC shares and over 7.3% of their total OTC trades.
+
+The idiosyncrasies between % of total shares (0.30%) and % of total trades (2.32%) continued to widen. This is shown in the decreasing shares/trade and in the monthly % change (-17% shares vs -1% trades).
+
+Citadel's shares/trade for the entire OTC was almost 317.8, while their shares/trade for GME was 42.6.
+
+Jane Street continued to increase their GME OTC trading activity by another 60% in March (a 3705% increase from December and 6614% increase from November).
+
+Virtu continued to decrease their shares traded, while increasing their GME trades. They were the most active GME OTC participant in March, making almost 2 million trades, while dropping their shares/trade from 58 to 48. Meanwhile, their shares/trade across the entire OTC (including GME) was 279.
+
+The week of March 8th was kind of wacky:
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/z2yxmkqj8a971.png?width=1638&format=png&auto=webp&s=82e40b3b4208b6c5f88ddada08f96cd27d021d1f)](https://preview.redd.it/z2yxmkqj8a971.png?width=1638&format=png&auto=webp&s=82e40b3b4208b6c5f88ddada08f96cd27d021d1f)
+
+Robinhood leads the entire GME OTC in Trades
+
+Robinhood was 1.00% of the weekly OTC shares, but used those 765,000 shares to make over 763,000 trades, which was 25.78% of the weekly total. They made more OTC trades than any other participant. GME was almost 20% of their total OTC shares and almost 21% of their total OTC trades.
+
+Think about how many GME shares Robinhood had on default Margin in January... The mass exodus foiled their plan.
+
+There were 2.96 million GME OTC trades in one week. That's 211% more trades in one week than September, October, November, and December COMBINED (1.4 million trades).
+
+Shares/trade for the entire OTC (including GME) was 319.46, while shares/trade for GME was 25.85.
+
+GME accounted for 0.50% of the total OTC shares, but 6.15% of the total OTC trades. GME accounted for more than 3% of their total OTC trades for 13 out of 15 OTC participants. For G1 Execution, GME accounted 0.86% of their total OTC shares, but 9.20% of their total OTC trades.
+
+GME was only 0.57% of Virtu's OTC shares, but almost 5% of their total OTC trades.
+
+GME was only 0.36% of Citadel's OTC shares, but 4.16% of their total OTC trades.
+
+For the Visual Apes
+
+Let's end Part 1 with little TLDR:
+
+Monthly GME OTC trades September - March
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/72uezos4dh971.png?width=699&format=png&auto=webp&s=8e742a99fde0798cfd6f2d0b435517d2dfddbdf6)](https://preview.redd.it/72uezos4dh971.png?width=699&format=png&auto=webp&s=8e742a99fde0798cfd6f2d0b435517d2dfddbdf6)
+
+Huge increase in GME OTC trades
+
+Weekly GME OTC Trades (late September - March)
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/g6b7rhlbhh971.png?width=1004&format=png&auto=webp&s=cd6de72fae89ad38c842e13a69ff3cb574f65621)](https://preview.redd.it/g6b7rhlbhh971.png?width=1004&format=png&auto=webp&s=cd6de72fae89ad38c842e13a69ff3cb574f65621)
+
+These weeks seem to stand out...
+
+GME monthly Shares/Trade OTC from September - March
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/kuohghnugh971.png?width=745&format=png&auto=webp&s=0047c2b43cf6d878f2ab42a52367c81526125272)](https://preview.redd.it/kuohghnugh971.png?width=745&format=png&auto=webp&s=0047c2b43cf6d878f2ab42a52367c81526125272)
+
+Shrinking shares/trade
+
+GME Shares/Trade OTC vs. Entire OTC Marketplace (including GME) - November - March
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/moaplsfrgh971.png?width=983&format=png&auto=webp&s=329a69fd0e09fc69f38a60578cf8ce3880660a04)](https://preview.redd.it/moaplsfrgh971.png?width=983&format=png&auto=webp&s=329a69fd0e09fc69f38a60578cf8ce3880660a04)
+
+Shrinking shares/trade - Spoiler alert, it's only getting worse...
+
+Lastly, using an estimated GME Float of 26.7 million (January - March before share offerings), and comparing it to a few other stocks (see [OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/) for more info and examples):
+
+[![r/Superstonk - The OTC Conspiracy - GME, idiosyncrasies, and the infinite Banana Trees (Part 1)](https://preview.redd.it/ifaffppgjh971.png?width=1198&format=png&auto=webp&s=2dafcba6ae97dffa86c4ad806dac09bcafcdcf6a)](https://preview.redd.it/ifaffppgjh971.png?width=1198&format=png&auto=webp&s=2dafcba6ae97dffa86c4ad806dac09bcafcdcf6a)
+
+Over 4000% GME Float traded OTC in Q1
+
+Part 2 coming soon!
+
+Buy, HODL, and Buckle Up! Power to the Players

DD/2021-07-06-Citadel-China-and-The-45th-Investigation.md

@@ -0,0 +1,236 @@
+Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"
+=====================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/incandescent-leaf](https://www.reddit.com/user/incandescent-leaf/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/oeptry/citadel_china_and_the_45th_a_triangular/) | 
+
+---
+
+[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)
+
+Ken Griffin - Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money.
+
+- Trump, January 15th 2020
+
+TL;DR
+
+-   Ken Griffin already has hidden his money, we know he has offshore accounts. Why would he be speaking with Trump about hiding assets?
+
+-   The direct context of the quote is all good news for Citadel's operations in China, so why was Ken absent from the ceremony and why did Trump not praise him (but praised everyone else)?
+
+-   I spectulate Trump was actually talking about Griffin wanting to hide his *trades*
+
+-   Circumstantial evidence for this is that 1 day before this quote, sweeping changes to the National Market System finally hit the Federal register. These changes as I have [somewhat poorly] analyzed before will make market-making and PFOF a lot less profitable for Citadel (and Virtu and other market makers), and also tidy up some loopholes likely being abused by Citadel.
+
+Preface
+
+This DD is about what many apes thought was a throwaway line, and so did I until recently. But I have been thinking about it lately, and the more I investigated the context, the more I came to suspect it was actually a rare, blurry glimpse into the underbelly of interactions between Wall street and US politics.
+
+I was actually writing another DD before I came to write this, but it started to become too large of a topic, so I thought I better break off this 'sub-investigation' into its own contained unit, as it's neatly separable, and was only ever circumstantial evidence anyway.
+
+I have deliberarely kept this post non-political, and expect all comments to be non-political as well. It's a superstonk rule that all posts/comments be non-political (Rule 5 -Improper Content). Here is a diagram of what we will be covering:
+
+[![r/DDintoGME - Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"](https://preview.redd.it/b7647vvlkj971.png?width=750&format=png&auto=webp&s=3dbbdc97ff90810db1557f6429ac134d7fd7cff5)](https://preview.redd.it/b7647vvlkj971.png?width=750&format=png&auto=webp&s=3dbbdc97ff90810db1557f6429ac134d7fd7cff5)
+
+January 15th 2020 - Signing of Phase One of U.S. - China Trade Deal
+
+January 15th, a Thursday marked a historic signing of Phase One of a U.S. - China trade deal. President Trump had made U.S. - China relations a central component of his policy as President for years before this, and so this agreement was a culmination of many years of work. Contrary to what was shown in the media, the agreement was not just about manufacturing, agriculture and intellectual property. The trade agreement has a whole chapter devoted to Financial Services - mostly with China agreeing to allow the US access to their markets. Some sources even claimed that financial services was the winner of the entire trade agreement.
+
+On Monday the 20th January, only 5 days after this trade agreement was signed - Citadel Securities had agreed to pay a $97 Million Settlement to Chinese financial regulators, bringing a close to 5 years of active investigations and being partially banned from trading in China. We will return to this event later on in the DD. For now, let's dive into the signing ceremony of the trade agreement.
+
+[Trump spoke for about an hour at the signing.](https://www.c-span.org/video/?468176-1/us-china-trade-deal) The first 27 minutes were overall remarks about the trade situation, and a lot of thanking personal friends and other political allies (I have pulled out relevent people's quotes):
+
+> TRUMP: [Hank Greenberg](https://en.wikipedia.org/wiki/Maurice_R._Greenberg) is here. Hank. If they took care of Hank, they wouldn't have had the problems that they had. Where's Hank? Hank Greenberg. (Applause.) Oh, Hank. If Hank stayed there like he should have, you wouldn't have had the problem that you ended up having with our economy. But it's great to have you, Hank. Thank you very much.
+
+After this time, Trump begins to speak to industry professionals and other government appointees. This carries on for 10 minutes, and plenty of financial industry professionals were greeted by name (the roll-call was in alphabetic order). I have pulled out all the ones I can recognize:
+
+> TRUMP: Ajay Banga, of Mastercard. Thank, Ajay. Fantastic job.
+
+> TRUMP: Brian Duperreault, of AIG. Do you know that company, Hank? AIG. Did you ever hear of AIG, Hank Greenberg? Thank you very much. I appreciate it, Brian.
+
+This is a joke. :) Hank Greenberg was the head of AIG.
+
+> Mary Erdoes, JPMorgan Chase. They just announced earnings, and they were incredible. Where - where are you? They were very substantial. Will you say, "Thank you, Mr. President" at least? Huh? (Laughter.) I made a lot of bankers look very good. But you're doing a great job. Say hello to Jamie [Dimon]. I think we're seeing him tomorrow.
+
+Then it was Ken's turn:
+
+> TRUMP: Ken Griffin, Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money. Look, he doesn't want to stand up. Where the hell is Ken? See, Steve, you'll stand, and he's very quiet about it. He's in here someplace; he just doesn't want to stand.
+
+Notice how Trump doesn't praise Ken? I'm also not sure who Steve is in this context.
+
+> TRUMP: Al Kelly, Visa. Al Kelly. Al Kelly, thank you.
+
+> TRUMP: Alan MacDonald, Citibank. Citibank. (Applause.) Good. Boy, you brought that back so far. I remember seven, eight years ago. But Citibank is doing fantastically well.
+
+> TRUMP: Raymond McDaniel, Moody's. Good. Are you giving us good ratings, Raymond, please? Okay? We're doing pretty good, right?
+
+> TRUMP: Paul Taylor, of Fitch. That's another good ratings group. Are we doing okay at Fitch? Good. Otherwise, I wouldn't have introduced you, if I thought - (laughter).
+
+> TRUMP: Kevin Warsh. Kevin. Where's Kevin? I don't know, Kevin. I could have used you a little bit here. Why weren't you more forceful when you wanted that job? Why weren't you more forceful, Kevin? You're a forceful person. In fact, I thought you were too forceful, maybe, for the job. And I would have been very happy with you.
+>
+> But, Kevin, thank you for being here. You understand that very well, right? It bothers me when Germany and other countries are getting paid to borrow money. This is one - I don't know where that all leads, but we have to pay. We're the number one in the world, by far, and we have to pay for our money. Our interest rates are set high by the Fed. Our dollar is very high, and - relatively speaking. But when other countries get - literally, they're under. They have negative rates - meaning, they're under. They get paid. I love this. This concept is incredible. Again, you don't know where the hell it leads. But you borrow money, and when you have to pay it back, they pay you. This is one that I like very much. And I'm going to talk to you about that, Lou Dobbs.
+>
+> So we're set at two. Tell me, why are we paying and other countries are getting money when they get paid back? I really want to know: Who are the people that buy this stuff? Who puts money into something when they say, "This is a guaranteed loss"? But that's a whole different group of people than I know.
+
+Quite a story there for Kevin Warsh! [[During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the central bank's primary liaison to Wall Street](https://en.wikipedia.org/wiki/Kevin_Warsh)]
+
+> TRUMP: Glenn Youngkin, of Carlyle. [Carlyle Group](https://en.wikipedia.org/wiki/The_Carlyle_Group). Great group.
+
+Also present at the signing was Kenneth Berntsen - the chairman of the [Engage China Coalition](http://engagechina.com/2020/02/engage-china-coalition-regarding-china-phase-one-trade-agreement-and-financial-services/). That's a group of financial industry heavyweights who've been trying for years to pry open the door to the Chinese market. Up until now, they haven't had much luck. Even though China's the world's second-largest economy, Bentsen says U.S. financial firms make only about $2 billion a year there, less than a third what they make in Brazil and about 1.5% of what they make in Europe.
+
+The Engage China Coalition:
+
+American Bankers Association
+
+American Council of Life Insurers
+
+American Property Casualty Insurance Association
+
+BAFT (Bankers Association for Finance and Trade)
+
+The Council of Insurance Agents and Brokers
+
+The Financial Services Forum
+
+The Futures Industry Association
+
+Insured Retirement Institute
+
+Investment Company Institute
+
+Securities Industry and Financial Markets Association
+
+The Trade Agreement Itself - Chapter 4 Financial Services
+
+[Some analysts have said that financial services was the clear winner of the trade agreement](https://www.npr.org/2020/01/16/797098404/u-s-financial-services-industry-emerges-as-%20%20a-winner-of-u-s-china-trade-deal). And I can see why given the changes actually demanded. [Here is the full text](https://ustr.gov/sites/default/files/files/agreements/phase%20one%20%20%20agreement/Economic_And_Trade_Agreement_Between_The_United_States_And_China_Text.pdf) of chapter 4 itself
+
+[![r/DDintoGME - Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"](https://preview.redd.it/956oetrnkj971.png?width=715&format=png&auto=webp&s=bf3cd92124b48eb70310fdfa58dfb08b88d34612)](https://preview.redd.it/956oetrnkj971.png?width=715&format=png&auto=webp&s=bf3cd92124b48eb70310fdfa58dfb08b88d34612)
+
+[![r/DDintoGME - Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"](https://preview.redd.it/n1mef1gokj971.png?width=748&format=png&auto=webp&s=3caca5e4df26ca4370b36cdc6bebc38ac62f3b9c)](https://preview.redd.it/n1mef1gokj971.png?width=748&format=png&auto=webp&s=3caca5e4df26ca4370b36cdc6bebc38ac62f3b9c)
+
+[![r/DDintoGME - Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"](https://preview.redd.it/ee7pqj4pkj971.png?width=743&format=png&auto=webp&s=aaa276e1b863139834548e2348d76f25e99d5ce1)](https://preview.redd.it/ee7pqj4pkj971.png?width=743&format=png&auto=webp&s=aaa276e1b863139834548e2348d76f25e99d5ce1)
+
+[![r/DDintoGME - Citadel, China and The 45th - A Triangular Investigation Into "He's trying to hide some of his money"](https://preview.redd.it/sd15xbvpkj971.png?width=738&format=png&auto=webp&s=8b4fc9dfe0d9587b64c376d5c9bfae5c01b813fa)](https://preview.redd.it/sd15xbvpkj971.png?width=738&format=png&auto=webp&s=8b4fc9dfe0d9587b64c376d5c9bfae5c01b813fa)
+
+The agreement itself allows major US expansion into the Chinese markets, and overall - it seems like a clear win for the US.
+
+Trade Agreement Summary
+
+So looking back at all the finance professionals Trump spoke to, did you notice anything strange? Ken was the only finance-related attendee Trump didn't praise. In fact it looks like out of everyone spoken about, Ken was the only one not being praised. This is unusual for Trump, because he usually praises everyone, a lot. Unless he does not like someone.
+
+So why did Ken Griffin not turn up, when all the other financial industry professionals did? Did he know that Trump was going to say something provocative, or was it something else?
+
+If the Engage China Coalition and other finance folks were so pleased with the trade agreement, how could Ken Griffin be upset about it? This trade agreement is supposed to be good for the US financial industry access to Chinese markets...
+
+And why did Citadel Securities pay their $97 Million fine only 3 business days later after this trade agreement? They've been locked out of China for almost 5 years - surely they would've done it sooner if they could? Or if the trade agreement was necessary for Citadel to regain access, why didn't Ken turn up to say thanks?
+
+However before we dig deeper into this trade agreement, Citadel's fine and the Trump / Griffin relationship we need to go all the way back to the beginning of this story.
+
+Citadel Securities in China
+
+Under previous Chinese laws - foreign companies had to partner with local companies to operate in China. Citadel Securities opened Citadel Shanghai Trading Ltd in 2010, and parterned with Guosen Securities who managed their trading account.
+
+[In June 2015, the Chinese stock markets were devastated with a large crash](https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence), wiping nearly $5 Trillion of value out at the bottom. By July, the Shanghai stock market was down 30%, and more than half of listed companies had filed for trading halts in an attempt to prevent further losses. By August 2015, stock prices had dropped a total of 43 percent.
+
+Chinese regulators began to crack down on abusive market practices, and Citadel was the first to be caught. Starting at the beginning 2015, Citadel is accused of using deceptive and illegal trading practices in order to manipulate stock prices. Citadel was accused variously of "co-ordinated stock dumping", "selling-off of heavily weighted stocks", automated, algorithm-driven trading, spoofing, and of course - "malicious short-selling". Their account held by Guosen was banned.
+
+["The regulator alleged that Citadel Securities controlled and used accounts set up by four other firms to trade stocks during the first seven months of 2015 and said such behaviors were suspected of violating account and asset management rules without providing further details."](https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314)
+
+["Chinese regulator, however, didn't ban the practice [short selling] entirely, but after the scrutiny, investors can't sell and then buy shares back the same day. Instead, they must now wait after completion of a short sale transaction until at least the next day to repurchase."](https://www.financemagnates.com/institutional-forex/regulation/citadel-securities-fined-97m-in-china-for-malicious-short-selling/)
+
+This restriction (if true, I can't read Chinese) implies that shares were being traded back and forth between the same parties multiple times a day. This is textbook [wash trading](https://www.investopedia.com/terms/w/washtrading.asp), which rose to prominence in 2013 in Western markets.
+
+["The tiff doesn't end there for Citadel. George Chen, managing editor of the international edition for the South China Morning Post, tweeted that a government-backed publication called ThePaper.cn was implying that Citadel advisor and former Federal Reserve Chairman Ben Bernanke somehow knew that the high-frequency trading firm was shorting the market."](https://www.nexchangenow.com/news/11995/in-hunt-for-short-sellers-china-suspends-citadel-unit-from-trading-and-hints-advisor-bernanke-may-know-about-shorts/)
+
+Goldman Sachs was also caught in this crackdown, and they were also banned from trading. Local Chinese firms were also caught as well, but generally emerged largely with miniscule fines and slaps on the wrist.
+
+April 24th, 2019 it was announced Goldman Sachs had been cleared by the China Securities Regulatory Commission [CSRC], with a fine of $22.93 Million. In late 2019 the CSRC began to reconcile with Citadel, and only on January 20th 2020 (after the signing of the Trade agreement) - was it announced Citadel had settled for $97 Million. According to a somewhat opaque statement released by the CSRC on January 20, the settlement for Citadel Securities was "based on differing circumstances, such as the amount of money made through the suspected illegal acts,"
+
+In summary for this section, Citadel was caught in China performing many of their tricks, and based on the timing - it seems likely they were unbanned only with US government intervention in late 2019 / early 2020, around the time of the U.S. - China Trade Agreement Phase One. So if Citadel was unbanned from their planned expansion in China, why did Ken snub Trump, and why did Trump not praise Ken? It's time to take a look at the Ken Griffin & Trump relationship.
+
+Ken Griffin & Trump's Relationship
+
+It's difficult to find much on their relationship, and I've pieced together what I can from a few events.
+
+[Ken Griffin donated $1.55M in 2012 to Romney's campaign.](https://www.cnbc.com/2016/09/23/megadonors-like-ken-griffin-peter-thiel-keep-their-wallets-closed-for-trump.html)
+
+[In 2016 - he donated $2.6M to Rubio, rather than Trump.](https://www.rollingstone.com/politics/politics-news/meet-the-gop-mega-donors-of-the-2016-election-223992/)
+
+[Griffin did give $100,000 to Trump's 2017 inauguration though - a relatively low amount.](https://news.artnet.com/art-world/steve-cohen-1m-trump-donation-930890)
+
+[Ken Griffin was hosted at a private donor's dinner later (probably in 2017) by Pence](https://thehill.com/homenews/administration/341196-pence-holding-private-donor-dinners-at-vice-presidents-residence)
+
+In 2018, Ken Griffin began to speak out against Trump's policies, notably criticizing Trump's criticism of J-Pow & Fed policies , and also criticizing the tariff war escalation with China.
+
+[In this interview on Delivering Alpha](https://www.youtube.com/watch?v=KIIFm2kmif0), Ken is asked what are his thoughts on the Administration's trade policies with China. Ken pauses briefly, shifts his gaze downwards, and then using a hand gesture, a gulp, begins to try and explain using his nicest words, how Trump is doing a great job with the trade war "Trump unquestionably has the right mission on trade", but that Ken doesn't really understand how the negotiations are going, and suspects they are very complicated. He makes a comment about how he would never have so many active 'fronts' open, and would close some of them. When asked directly, he refuses to comment on whether he thinks Trump is doing a good job. It seems relatively clear to me that he's having difficulty delivering his words with convicition. Then for his final words Ken regains his speaking conviction, and clearly tears down the idea that tariffs are good.
+
+In 2016, Ken Griffin made a total political donations of only $11.2 Million (to Republican-allied super PACs). In 2018, it was $19.2 Million.
+
+In 2020, Ken Griffin donated a whopping $66 Million to Republican-allied super PACs! [In fact, Ken Griffin came in at number 4 on the individual donors list for the 2020 election cycle.](https://www.opensecrets.org/outsidespending/summ.php?cycle=2020&disp=D&type=V&superonly=N)
+
+Also in March 2020, Ken Griffin advised President Trump on how to open up the economy after Covid, along with other finance professionals (e.g. Steve Cohen).
+
+In summary for this section, I don't think Trump & Griffin saw eye to eye on many issues, or even had a friendly relationship. However it's very clear, especially towards the end of 2020, they had a working relationship, and that Ken Griffin bet very heavily on a 2nd Trump term - which we can assume would be greatly beneficial for Citadel.
+
+I didn't get time to look into Jay Clayton (Trump's SEC chairman appointee), and who Clayton's changes at the SEC benefitted - but suspect this would be a fruitful thing to investigate.
+
+Bringing It All Together
+
+So I hope I have covered somewhat the Citadel, China & Trump triangle. In the first section, we saw that it was unusual how Trump addressed Griffin versus other attendees, and that Griffin had a lot to gain from this trade deal.
+
+In the second section, we learned about Citadel's ban from trading in China, and how their unbanning seemed to also follow the trade deal - even more reason for Griffin to be pleased, and more curious that he didn't appear.
+
+In the third section, we learned a bit about Ken Griffin's and Trump's relationship, and how even though they were not close friends, they had developed a significant working relationship and Griffin *heavily* bet on Trump winning the 2020 election.
+
+In short - what I have uncovered is mostly that Ken Griffin had a lot to gain from Trump's China trade deal, and I can't make any sense of why he snubbed the signing ceremony, or wasn't praised by Trump. That's it - that's my point.
+
+Speculation Section
+
+So what else could make sense then? Well what if when Trump mentioned that Ken wants to hide his money, he wasn't talking about money. Ken wanted to hide his trades.
+
+Well looky here what dropped onto the Federal register on the Monday before the signing ceremony. Sweeping changes to the National Market System (Reg NMS II) that make market-making less profitable for entities such as Citadel and Virtu, and also make PFOF more difficult.
+
+<https://www.federalregister.gov/documents/2020/01/14/2020-00358/joint-industry-plan-notice-of-filing-of-the-forty-seventh-amendment-to-the-joint-self-regulatory>
+
+<https://www.federalregister.gov/documents/2020/01/14/2020-00359/consolidated-tape-association-notice-of-filing-of-the-thirty-third-substantive-amendment-to-the>
+
+<https://www.federalregister.gov/documents/2020/01/14/2020-00363/consolidated-tape-association-notice-of-filing-of-the-thirtieth-substantive-amendment-to-the-second>
+
+<https://www.federalregister.gov/documents/2020/01/14/2020-00357/joint-industry-plan-notice-of-filing-of-the-forty-fourth-amendment-to-the-joint-self-regulatory>
+
+<https://www.federalregister.gov/documents/2020/01/14/2020-00360/notice-of-proposed-order-directing-the-exchanges-and-the-financial-industry-regulatory-authority-to>
+
+Odd lots are a very important part of these change proposals, and here I link the submissions that Citadel (and by contract, Blackrock) made on them. I believe Odd lots to be an integral part of how Citadel hides trades, and will be writing more about them in a further DD.
+
+<https://www.theice.com/publicdocs/SIP_Comment_Citadel_redacted.pdf>
+
+<- Citadel commenting on Odd lot NMS proposal
+
+<https://www.theice.com/publicdocs/BlackRock_Odd_Lot_Proposal_December_3_2019.pdf>
+
+<- Blackrock comments on Odd lots NMS proposal
+
+I have briefly covered these changes before in this [DD](https://www.reddit.com/r/Superstonk/comments/n90gg4/sec_release_3490610_aka_nms20_effective_june_8/), but basically the NMS II from what I can tell - contains multiple changes that would hurt Citadel's business model. What I'm suggesting is that Ken Griffin was annoyed with Trump that Jay Clayton & the SEC was making changes beneficial to other market participants, to Citadel's detriment. This DD is all circumstantial evidence, as I realized it was becoming too large to attach to the main DD, which will be focused more on mechanisms rather than trying to discover motivations & allegiances from public information.
+
+To be continued.
+
+Miscellaneous references
+
+<https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P>
+
+<https://www.reuters.com/article/us-hedgefunds-deliveringalpha-citadel-idUSKBN1K8252>
+
+<https://www.pressreader.com/china/global-times/20170526/282119226489179>
+
+<https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P>
+
+<https://asia.nikkei.com/Business/Markets/Stocks/Stock-falls-after-admission-of-probe>
+
+<https://www.reuters.com/article/china-guosen-president-idUSL3N12N3QF20151023>
+
+<https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account>
+
+<https://supchina.com/2020/02/04/was-chinas-97-million-fine-for-u-s-hedge-fund-citadel-politically-motivated/>
+
+<https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314>

DD/Math-Black-Magic-series-by-nydus-erdos/2021-06-09-Why-it-is-Mathematically-Impossible-for-Hedgies-to-Unfuk-Themselves.md

@@ -0,0 +1,326 @@
+Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves
+============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nydus_erdos](https://www.reddit.com/user/nydus_erdos/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/) | 
+
+---
+
+[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)
+
+DISCLAIMER: My first DD. Not financial advice. All credit to the authors of cited works. I am not trying to karma farm or be dramatic by breaking this up into parts. I tried to post it all at once, but the picture limit had other plans.
+
+ACKNOWLEDGEMENTS:
+
+Shout out to [u/sososhibby](https://www.reddit.com/u/sososhibby/). One of their comments got me started down this rabbit hole and they were nice enough to give my work a quick check before I posted. They've also posted about this topic as well: [Part 1](https://www.reddit.com/r/Superstonk/comments/nmaaaa/john_d_finnerty_excerpt_from_hoc_3_explained_pt1/), [Part 2](https://www.reddit.com/r/Superstonk/comments/nmdbzz/excerpt_from_hoc3_relevant_af_20_finnerty_fer/)
+
+Also, [u/JNWolman](https://www.reddit.com/u/JNWolman/) was all over this topic months ago. IMO, the post didn't get the exposure it was due. Give it a [read](https://www.reddit.com/r/GME/comments/mgmbkf/would_the_real_exit_strategy_please_stand_up/).
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+A. What I Hope to Show
+
+In this volume I hope to present work (by brains much more wrinkled than mine) that show beyond a reasonable doubt, something we all already know: that hedgies are indeed mathematically fuk, in that they have naked shorted AT LEAST the same amount of shares outstanding.
+
+[u/atobitt](https://www.reddit.com/u/atobitt/)'s [H.O.C. III](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) mentions an [academic paper](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) titled "*Short Selling, Death Spiral Convertibles, and the Profitability of Stock Manipulation*" written March 2005 by John D. Finnerty, a finance professor.
+
+In the paper, Finnerty lays out a model to examine naked short selling. In particular, he demonstrates that in order to drive a firms price very close to zero, a manipulator MUST naked short AT LEAST the same number of shares as there are shares outstanding, doubling the float.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+B. Market Model Rundown
+
+In my opinion, Finnerty's paper is a thing of logical and [mathematical beauty](https://en.wikipedia.org/wiki/Mathematical_beauty). As god tier mathematician Paul Erdős would say, "[This one's from The Book](https://en.wikipedia.org/wiki/Mathematical_beauty#Beauty_and_philosophy)". Finnerty took a very complex system and expressed it elegantly and simply. As a math ape, it literally brought a tear to my eye when I finally understood it; which took me awhile (just because I like math doesn't make my brain any less smooth). There's no confirmation bias as sweet as mathematical confirmation bias.
+
+However, I am quite aware of my autistic tendencies and know most people and apes have a...*strained* relationship with math, so I read all 73 pages of the paper so you don't have to! I try to lay out his model as concisely as possible as to who are the participants, how the market behaves and why hedgies r thusly fuk.
+
+MARKET PARTICIPANTS:
+
+*Informed Investor*
+
+-   Informed investors do short sell, but do not engage in abusive or naked short selling. They locate, borrow and return shares on time.
+
+-   The informed investor has information advantage. They know if the true intrinsic value of the stock is high (*H)* or low *(L)*.
+
+-   This group only shorts stocks that legitimately have low real intrinsic value *(L)*.
+
+-   Assume there is only one informed investor in this model.
+
+*Manipulator*
+
+-   The manipulator has the information advantage as well. Through research or by observing the informed investor, they know the true intrinsic value of the stock and seek to manipulate the stock below that value.
+
+-   A manipulator can appear as an informed investor to other participants by copying the selling behavior of the informed investor.
+
+-   Manipulator can be a Market Maker (MM).
+
+> Market makers have lower shorting costs since they can sell on a downtick and do not have to commit that they will be able to borrow shares before they sell short. Market makers are granted these exceptions to facilitate their market-making activities. A strategy a manipulator can employ to reduce its cost of shorting is to register as a market maker for the target stock. If naked shorting, there is zero cost. (Pg. 17, footnote 33)
+
+-   There is only one manipulator in this model.
+
+*Active Traders*
+
+-   Think of this group as regulation abiding MM's.
+
+-   They can short sell, but do not engage in abusive or naked short selling.
+
+-   Active traders does not have as much information as the manipulator and informed investor. They do not know the true value of the stock.
+
+    -   They can interpret market signals and see what the informed investor does, which gives them information advantage over retail investors.
+
+-   They don't know if the informed investor they are watching is actually a manipulator in disguise.
+
+-   They mostly base their moves on what the informed investor (or the disguised manipulator) does and only act after they do.
+
+-   There is more than one active trader.
+
+*Uninformed Investors*
+
+-   These are old type retail investors, not apes.
+
+-   Uninformed investors have the ultimate information disadvantage, they have no idea how much the stock is really worth.
+
+-   They always stand ready to buy more shares at lower prices than those currently prevailing, since they don't know the true intrinsic value of the stock.
+
+-   This willingness to buy provides consistent cash flow (liquidity) to short sellers.
+
+-   Uninformed investors demand for shares decreases as the amount they possess increases.
+
+-   Once this group knows the true price of the stock they will sell, providing shares to the shorts to cover.
+
+-   There are many uninformed investors.
+
+*Insiders and Long Term HODL'ers*
+
+-   Passive group that does not take an active role in the market. They neither sell nor buy shares.
+
+-   They exist in the model so there are shares for the shorts to borrow and to set the initial market price.
+
+-   Assume they own all outstanding shares.
+
+TIME BREAKDOWN:
+
+The paper has a timeline/progression of how the market behaves. There are four points expressed as time *t*.
+
+*Time 0*
+
+-   This is right before anything happens and the model is at the initial conditions.
+
+-   All shares are held by insiders and long term investors who do not plan on selling.
+
+*Time 1*
+
+-   This is when the short sale can be initiated by the the informed investor or the manipulator or, depending on the situation, by both of them.
+
+-   Also during this time the active traders are observing the informed investor (or a manipulator posing as one) and current market signals. They do not act during this time.
+
+*Time 2*
+
+-   This is when the active trader takes action, they do what they saw the informed investor (or the manipulator posing as one) do.
+
+-   The short sellers from time 1 can short additional shares if they decide to.
+
+-   Market equilibrium forms at this time.
+
+-   The informed investor or the manipulator can sustain a short position until time 3 but it is less expensive to sustain it to time 2 (unless the manipulator naked shorts and/or is a MM).
+
+*Time 3*
+
+-   This is when the stocks true intrinsic value is revealed to all market participants to be *H* or *L*.
+
+-   This represents the long run, and it may be very costly for the informed investor or the manipulator to maintain a short position (unless the manipulator naked shorts and/or is a MM).
+
+-   If the legitimate shorts have not closed their short position already, this is were they cover.
+
+-   Most of the paper's focus is on what happens at this time.
+
+MARKET EQUILIBRIUM
+
+At time 2, the market enters equilibrium. There are two basic forms of equilibrium: pooling and separating.
+
+*Pooling*
+
+This type of equilibrium is when the manipulator wants to remain undetected so the other market participants mistake him as an informed investor.
+
+The advantage to this is that the manipulator stands less of a chance of getting caught or squeezed. On top of this, active traders may pile on to short the stock as well when they see blood in the water. This causes the price to drop even lower, helping the manipulator.
+
+The disadvantage is that the manipulator loses profit to the extra competition and sole control over the price action.
+
+*Separating*
+
+This is when the manipulator doesn't care if they are detected. In some cases, they want to be detected to scare off competition. The advantage is that this strategy maximizes their profit and they have full price control. The disadvantage is they have a greater chance of getting caught or squeezed.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+E. Demand Curves & The Unravelling Problem
+
+*General Demand Curve:*
+
+This whole model is governed by the uninformed investors demand, since they are the buyers. Their demand is highly dependent on the supply of shares. The uninformed traders willingness to hold *Q* shares at time *t* is summarized by the demand curve (Pg. 15):
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/zhhgr111fc471.png?width=1375&format=png&auto=webp&s=cc034e8ae681bdc7365ce2ab1851e18fca94cbed)](https://preview.redd.it/zhhgr111fc471.png?width=1375&format=png&auto=webp&s=cc034e8ae681bdc7365ce2ab1851e18fca94cbed)
+
+General Demand Curve
+
+-   The function *D(Q)* represents the uninformed investors demand which is equal to the price at time *t* represented by *P(t)*.
+
+-   *H* and *L* are the potential true values of the stock revealed to active traders and uninformed investors at time 3.
+
+-   *A* is a constant representing the current market price.
+
+-   *B* is a constant representing the price at which uninformed investors buy, which is lower than the prevailing price.
+
+-   Note that at time zero, all shares are in the hands of long term investors so *P(0) = A*.
+
+*The Unravelling Problem:*
+
+If the manipulator is not naked short selling, then they would have to cover at time 2, or at time 3 when the true price is revealed to everyone. This presents what the paper refers to as the unravelling problem.
+
+This is the issue shorts face when covering their positions. Since retail knows the real price at time 3 their demand curve shifts. Buying to cover at the real price causes the price to increase. Both factors cut into profits.
+
+*Problem When True Price = H*
+
+If true price is revealed to be *H* at time 3 then the demand curve shifts to:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/3rhkhwi6fc471.png?width=1406&format=png&auto=webp&s=9d6e0631707e552c444a5d8206535f54bad1b4ca)](https://preview.redd.it/3rhkhwi6fc471.png?width=1406&format=png&auto=webp&s=9d6e0631707e552c444a5d8206535f54bad1b4ca)
+
+High Value Demand Curve
+
+This is the worst case scenario for hedgies. Not only did they not suppress the price to *L* they now have to buy to cover. The number of shares retail holds *Q* goes to zero since hedgies have to buy them back, which will push the price to *H* cutting into their tendies.
+
+*Problem When True Price = L*
+
+If true price is revealed to be *L*, at time 3 then the demand curve shifts to:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/45sv7u0afc471.png?width=1408&format=png&auto=webp&s=7bcc138e8344e98deab491f8f2b7d77275693377)](https://preview.redd.it/45sv7u0afc471.png?width=1408&format=png&auto=webp&s=7bcc138e8344e98deab491f8f2b7d77275693377)
+
+Low Value Demand Curve
+
+Not as bad as the previous case, but even covering at *L* will push price a little bit higher and cut into the hedgies' tendies.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+F. Naked Short Selling
+
+Naked short selling removes the unravelling problem at no cost to the manipulator and it's quite literally free money:
+
+> Naked short selling and manipulating the price downward provide cash returns to the manipulator, who can withdraw cash from his clearing firm account as the shorted shares are marked to market at progressively lower prices. Through naked shorting, the manipulator realizes these returns without investing any cash (provided the market price never rises above the sale price). (Pg. 34, par. 1)
+
+> The clearing firm retains the cash proceeds from the short sale to secure the selling broker's delivery obligation. The clearing firm releases cash equal to the reduction in value of the shorted shares as the price of the shares declines (or demands additional cash margin if the share price rises). (Pg. 34, footnote 51)
+
+Here are some familiar signs of naked short selling:
+
+> The daily trading volume could be quite high if the manipulator is rapidly turning over its short position, but the daily trading and settlement activity may appear to be normal market making because the dealer's net position on the day does not change. (Pg. 44, footnote 64)
+
+> Pumping the trading volume also reduces the short interest ratio (short interest divided by the average daily trading volume) to help conceal the manipulation. (Pg. 44, footnote 64)
+
+Remember naked shorting creates phantom shares which increases the float.
+
+*True Shares Outstanding:*
+
+Based on the original demand curve we can calculate the total shares outstanding at time 0. Since this is during the initial conditions, this is the true value of shares outstanding.
+
+So, since uninformed investors are always willing to buy at a lower price and, hypothetically, if the long term investors decided to sell all outstanding shares *Q* to uninformed traders then price would fall to *L*:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/2lucrstdfc471.png?width=1302&format=png&auto=webp&s=77adeb75401431094301b216caabcb71f4db680c)](https://preview.redd.it/2lucrstdfc471.png?width=1302&format=png&auto=webp&s=77adeb75401431094301b216caabcb71f4db680c)
+
+True Shares Outstanding
+
+*Naked Short Selling in Pooling Equilibrium: Driving Price Close to Zero*
+
+When True Price = *H*
+
+Using the previous equations we can find the amount of shares necessary to drive the final price at time 3 close to zero:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/qei47fuifc471.png?width=1284&format=png&auto=webp&s=65ea8f2f04eff9babd339b7c22a3a8f9c655fb7a)](https://preview.redd.it/qei47fuifc471.png?width=1284&format=png&auto=webp&s=65ea8f2f04eff9babd339b7c22a3a8f9c655fb7a)
+
+Shares Needed to Drive Price Close To Zero
+
+When True Price = *L*
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/pedh454ofc471.png?width=1279&format=png&auto=webp&s=fe342a1d0872e3baa28292cd39d15d3cef259de6)](https://preview.redd.it/pedh454ofc471.png?width=1279&format=png&auto=webp&s=fe342a1d0872e3baa28292cd39d15d3cef259de6)
+
+Shares Needed to Drive Price Close to Zero
+
+It is also worth noting,
+
+> The manipulators profit depends on his ability to manipulate the firm's stock price and keep it depressed. The stronger the financial condition of the firm at time 3 (the higher *L* is), the greater the number of shares the manipulator has to sell short at time 3 to drive the price close to zero. (Pg. 45, par. 2)
+
+*More Shorted Shares than Outstanding:*
+
+We have the true shares outstanding, we know the amount of shares needed to short an *H* valued company to zero, and the amount of shares needed to short a *L* valued company to zero:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/twctyrcsfc471.png?width=1274&format=png&auto=webp&s=cd8be3285e939cac464dee89025027c780c3eb0b)](https://preview.redd.it/twctyrcsfc471.png?width=1274&format=png&auto=webp&s=cd8be3285e939cac464dee89025027c780c3eb0b)
+
+Share Counts
+
+When Value Is *H*
+
+> Building a short position of *H/B* to drive *P(3)* to zero would involve naked shorting more shares than the firm has outstanding because *H/B > (A-L)/B*. (Pg. 45, par. 1)
+>
+> The manipulator can not drive the share price close to zero unless he can naked short an extraordinary number of shares. (Pg. 45, par. 1)
+
+So to drive the *H* company to zero hedgies have to naked short *Q_H* shares. But remember our general equations governing the demand curve:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/2pv8j1uxfc471.png?width=1362&format=png&auto=webp&s=b1f6323b28f83ff44706c06252eb8ef1decc802d)](https://preview.redd.it/2pv8j1uxfc471.png?width=1362&format=png&auto=webp&s=b1f6323b28f83ff44706c06252eb8ef1decc802d)
+
+Hedgies r fuk: High Value Edition
+
+Proving that if hedgies want to short a company with a high intrinsic value to zero they must naked short more shares than are outstanding.
+
+When Value is *L*
+
+> Even if the manipulator's short position is *L/B*, it might still exceed the entire number of shares the firm has outstanding.
+>
+> The manipulators profit depends on his ability to manipulate the firm's stock price and keep it depressed. The stronger the financial condition of the firm at time 3 (the higher *L* is), the greater the number of shares the manipulator has to sell short at time 3 to drive the price close to zero. (Pg. 45, par. 2)
+
+If the final price (*L*) at time three (*P(3)*) is equal to the price at time 2 (i.e. if *L=P(3)=P(2)*) then the manipulator will naked short the same number of shares that the firm has outstanding. This next equation should look familiar:
+
+[![r/Superstonk - Math Black Magic Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://preview.redd.it/vfihc052gc471.png?width=1338&format=png&auto=webp&s=73f9ccd94ca522bfc4f57d548aa1fc0e3b51c2e5)](https://preview.redd.it/vfihc052gc471.png?width=1338&format=png&auto=webp&s=73f9ccd94ca522bfc4f57d548aa1fc0e3b51c2e5)
+
+Hedgies r fuk: Low Value Edition
+
+So then if *L>P(2)* then the manipulator will naked short more shares than firm has outstanding. By naked shorting the same number of shares that are outstanding, the manipulator has doubled the float. (Pg. 55, footnote 77)
+
+Which makes sense: If the price is higher turns out to be higher than they expected then they have to drive price down even more. Naked shorting is effective because it dilutes the float.
+
+What About Incremental Shorting?
+
+Almost forgot this case, so I'll have to put it here at the end. I'm not gonna go too much into the math cause it just adds another layer of unneeded complexity.
+
+Basically you just need to know this, Finnerty proves that unless the manipulator is naked shorting and/or is a MM, it is not profitable to incrementally short sell (i.e. shorting a little, then covering a little, repeat).
+
+> In a market equilibrium in which the informed investor sells the profit-maximizing number of shares, I show later in the paper that incremental short sales by the manipulator will not be profitable. (Pg. 16, footnote 29)
+
+This shows how huge of a win the rule changes were. Had apes not gotten them, Shitadel would have continued to abuse their MM privileges and not had to worry about margin call. Now, they can't naked short as freely and its actually costing them to maintain short positions, and its only going to get worse.
+
+------------------------------------------------------------------------------------------------------------------------------------------------
+
+In the next volume, I'll explore :
+
+1.  The Majestic Ape Demand Curve
+
+2.  How apes fucked up the hedgies' algorithm
+
+3.  Why short attacks are getting weaker
+
+4.  Exponential & Log Chats
+
+5.  Why it is Impossible to Short Ape Curve Close to Zero
+
+---------------------------------------------------------------------------------------------------------------------------------------------------
+
+TL:DR -> Finance professor (not me) mathematically proves that it's impossible to short a stock to zero without naked shorting at least as many shares as there are outstanding, doubling the float in the process.
+
+Hedgies r fuk.
+
+BUY, HODL, VOTE
+
+TA:DR -> Naked 🩳 + (🐒x🦍) + 🚀√🌕 =
+
+(Hedgies r fuk) 2 + 🍗🍗🍗
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+This post brought to you on behalf of Margery Nesbitt.

DD/Math-Black-Magic-series-by-nydus-erdos/2021-06-10-The-Limit-Does-not-Exist-Part-II.md

@@ -0,0 +1,208 @@
+Math Black Magic Vol 2: The Limit Does not Exist!
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nydus_erdos](https://www.reddit.com/user/nydus_erdos/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwy0oz/math_black_magic_vol_2_the_limit_does_not_exist/) | 
+
+---
+
+[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)
+
+DISCLAIMER: Second part of my first DD. Not financial advice. All credit to the authors of cited works. I am not trying to karma farm or be dramatic by breaking this up into parts. I tried to post it all at once, but the picture limit had other plans.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+ACKNOWLEDGEMENTS:
+
+Shout out to [u/sososhibby](https://www.reddit.com/u/sososhibby/). One of their [comment](https://www.reddit.com/r/Superstonk/comments/nm3mtr/relevant_af/) got me started down this rabbit hole and they were nice enough to give my work a quick check before I posted. They've also posted about this topic as well: [Part 1](https://www.reddit.com/r/Superstonk/comments/nmaaaa/john_d_finnerty_excerpt_from_hoc_3_explained_pt1/), [Part 2](https://www.reddit.com/r/Superstonk/comments/nmdbzz/excerpt_from_hoc3_relevant_af_20_finnerty_fer/)
+
+[u/JNWolman](https://www.reddit.com/u/JNWolman/) was all over this topic months ago. IMO, the post didn't get the exposure it was due. Give it a [read](https://www.reddit.com/r/GME/comments/mgmbkf/would_the_real_exit_strategy_please_stand_up/).
+
+I'll also be using [charts](https://www.reddit.com/r/Superstonk/comments/nwwy5x/0610_update_broke_the_logfloor_by_1_5_in_linear/) from [u/JTH1](https://www.reddit.com/u/JTH1/), aka "exponential floor guy".
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+A. Topics Explored
+
+In [Vol. 1](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/), I laid out [Finnerty's paper](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) which mathematically proves that to drive a firms price very close to zero, a manipulator MUST naked short AT LEAST the same number of shares as there are shares outstanding, effectively doubling the float.
+
+This write up is more of my examination of the implications of Finnerty's paper and how it applies to GME. This is not meant to be proof, more of this smooth brain's musings. Feedback and constructive criticism are welcome. In this volume I'll examine:
+
+-   What I think the hedgies' algorithm and how apes fucked up said algo.
+
+    -   I should note, that I believe the algos covered here have been modified since, but the damage has been done.
+
+-   Why short attacks are getting weaker.
+
+-   The negative volume that pops up every so often.
+
+-   Why it is Impossible to Short Ape Curve Close to Zero.
+
+PROTIP: This volume is a bit more math heavy than the last, but don't let that intimidate you!
+
+Don't focus too much on the letters, as long as you know who is doing what at each time and what greater than (>) , less than (<) and equal (=) means you'll be good. I'll try to clarify anything that gets too intense.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+B. Naked Short Selling: Separating Equilibrium
+
+In separating equilibrium, the manipulator scares away the other participants with unconcealed, aggressive naked shorting. This maximizes profits by eliminating competition. Since the manipulator has price control it doesn't matter whether the time 3 price should be *H* or *L*.
+
+The lack of competition also makes this strategy a bit more formulaic than the previous examples. The manipulator maximizes his short sale proceeds by naked shorting at time 1 (Pg. 48 par. 1, Pg. 54-55, par. 1):
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/n42c0ax4ag471.png?width=1058&format=png&auto=webp&s=042be52553c72a8b726c3cfe08aa169145c5b35e)](https://preview.redd.it/n42c0ax4ag471.png?width=1058&format=png&auto=webp&s=042be52553c72a8b726c3cfe08aa169145c5b35e)
+
+Price at Time 1
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/53iy2wm8ag471.png?width=1074&format=png&auto=webp&s=0c529a4731e2fe5e73009d21f13f45017923a87d)](https://preview.redd.it/53iy2wm8ag471.png?width=1074&format=png&auto=webp&s=0c529a4731e2fe5e73009d21f13f45017923a87d)
+
+Price at Time 2
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/hku7v10hag471.png?width=1116&format=png&auto=webp&s=cb29b1b65823c35eebd53733bdc417e1d330930c)](https://preview.redd.it/hku7v10hag471.png?width=1116&format=png&auto=webp&s=cb29b1b65823c35eebd53733bdc417e1d330930c)
+
+Price at Time 3
+
+Note the rate of change:
+
+> This has occurred with a huge volume of naked shorting and a precipitous decrease in share price that first cut the price in half and then reduced it close to zero. (Pg. 46, par. 2)
+
+I found that statement slightly unclear as the price is reduced by a third then halved. At most it could be an editing mistake, but more than likely it is my smooth brain. Wrinkle brain help is appreciated.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+C. Inverted Demand Curve
+
+First, lets put the original general demand curve into slope intercept (i.e. make it easier to graph as a line):
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/99u0fkwpbg471.png?width=1079&format=png&auto=webp&s=16e5c56e020759b1add8ca735ed16bf23d230d1b)](https://preview.redd.it/99u0fkwpbg471.png?width=1079&format=png&auto=webp&s=16e5c56e020759b1add8ca735ed16bf23d230d1b)
+
+Slope Intercept Demand Function
+
+This is a line with a downwards slope of *-B*. Recall that in Finnerty's model, *B* is the price that retail buys, which is always lower than the prevailing price. That means that as retail acquires more and more shares, the price/demand will decrease.
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/26cayz89cg471.png?width=1052&format=png&auto=webp&s=070d5441380426260557d52bcd1db5fcdd3479e6)](https://preview.redd.it/26cayz89cg471.png?width=1052&format=png&auto=webp&s=070d5441380426260557d52bcd1db5fcdd3479e6)
+
+Demand Curve Comparison
+
+With apes, however, it works the opposite way. Yes, apes buy at any prices, but what I think fucked up the algorithm is apes buy at higher and higher prices because ape and FOMO. In this case, demand and price increase as supply increases. Meaning that if apes got all the shares, the price would rise to *H* This changes the slope of the demand curve positive:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/mefhrczrcg471.png?width=1280&format=png&auto=webp&s=7ba9489b6191491937bd9e755e43b562fc731947)](https://preview.redd.it/mefhrczrcg471.png?width=1280&format=png&auto=webp&s=7ba9489b6191491937bd9e755e43b562fc731947)
+
+Ape Demand Function
+
+What I gathered from this is most of the hedgies' problem results from a simple change in sign. I take this a bit further and apply it to the exponential and log curves later on. I figure that the inverse of these functions is what fucked up what the algorithm originally intended.
+
+*Exponential & Logarithmic Graphs*
+
+The following list has the floors calculated by [u/JTH1](https://redditpreview.com/u/JTH1) (aka "exponential floor guy") and the inverted version of the curve I hypothesize the hedgies originally had planned:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/a86fowc6eg471.png?width=1291&format=png&auto=webp&s=ddee910bdcee8a375241290b7608a740ad57736d)](https://preview.redd.it/a86fowc6eg471.png?width=1291&format=png&auto=webp&s=ddee910bdcee8a375241290b7608a740ad57736d)
+
+Ape & Hedgie Curves
+
+Based on this inverse hypothesis, I think this is the ideal curve hedgies wanted:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/ys4mcl3mgh471.png?width=983&format=png&auto=webp&s=95a47f214cc84052888c2cf2182d910e3df536ed)](https://preview.redd.it/ys4mcl3mgh471.png?width=983&format=png&auto=webp&s=95a47f214cc84052888c2cf2182d910e3df536ed)
+
+Hedgie Curves
+
+If you want to see the current curve, check out exponential floor guy's posts (the most recent at the time of this writing is linked at the very top of the post).
+
+D. Pareto Principle & Rate of Change
+
+(This section is based heavily on a comment by sososhibby. This section makes a lot more sense if you read it. Its linked at the top.)
+
+*Hedgie Case*
+
+I thought it was interesting that the author stressed throughout the paper, that price is reduced CLOSE to zero and not zero.
+
+Remember, in separated equilibrium naked shorting drops the price by a third, then halves it before it quickly drops close to zero.
+
+That sounded like asymptotic behavior (asymptote = the thing the curve has to approach for the limit to exist, remember *Mean Girls?*), so I was curious to see the progression to zero so I kept it going and halved *P(2)* again and repeated the process with my result. I assume this is happening quickly between time 2 and time 3:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/2o17ngi8lh471.png?width=973&format=png&auto=webp&s=1f44aafd13eb3f81ccb7f1f4db0214a41d84edd0)](https://preview.redd.it/2o17ngi8lh471.png?width=973&format=png&auto=webp&s=1f44aafd13eb3f81ccb7f1f4db0214a41d84edd0)
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/ero04mjalh471.png?width=910&format=png&auto=webp&s=9aa8b4836a4a7b880224998176146a060b2a65e3)](https://preview.redd.it/ero04mjalh471.png?width=910&format=png&auto=webp&s=9aa8b4836a4a7b880224998176146a060b2a65e3)
+
+Price Progression to Close to Zero
+
+I'd take it further but you get the picture. So I took the points made a scatter plot. Didn't look like much. I got curious and wanted to see if I could fit the negative exponential curve. I had to use some scaling factors, but always try to base them as a proportion of 1.
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/ekvd81pmlh471.png?width=876&format=png&auto=webp&s=8c1448d0d623d47ca188bbf95a5e38596b682d2a)](https://preview.redd.it/ekvd81pmlh471.png?width=876&format=png&auto=webp&s=8c1448d0d623d47ca188bbf95a5e38596b682d2a)
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/4ell2arrlh471.png?width=834&format=png&auto=webp&s=7e10e0d89e6c936605b574fe7bfe56cc738fbbd7)](https://preview.redd.it/4ell2arrlh471.png?width=834&format=png&auto=webp&s=7e10e0d89e6c936605b574fe7bfe56cc738fbbd7)
+
+Hedgie Curve
+
+Didn't look like much either, but the fact that it had asymptotic behavior at 0.2 or 20 percent. I figured it might be worth mentioning. Maybe somebody else can take it further.
+
+*Ape Case*
+
+Remember, in the normal case of naked shorting in separating equilibrium the price is dropped by a third, then halved, then taken close to zero.
+
+In the ape case, the price increases. This is where the exponential/power function may come into play. I tried to find the rate of change by re-computing values using equations from earlier:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/wpa0e8femh471.png?width=1056&format=png&auto=webp&s=ffb70662e8d057f9ecefcdca7b73ba7c913a845c)](https://preview.redd.it/wpa0e8femh471.png?width=1056&format=png&auto=webp&s=ffb70662e8d057f9ecefcdca7b73ba7c913a845c)
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/c7cnltihmh471.png?width=975&format=png&auto=webp&s=fcfce22cebd58f6b95457afe6dafca3b775a1a38)](https://preview.redd.it/c7cnltihmh471.png?width=975&format=png&auto=webp&s=fcfce22cebd58f6b95457afe6dafca3b775a1a38)
+
+Ape Case
+
+As with the last set of values, I wanted to examine the behavior of the ape curve to find a rate of change. It looks like the price increases by a third, then by 1.25 or 25 percent.
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/pekkb7kvmh471.png?width=910&format=png&auto=webp&s=679c9df194127816f03002feb58a8159c88a012a)](https://preview.redd.it/pekkb7kvmh471.png?width=910&format=png&auto=webp&s=679c9df194127816f03002feb58a8159c88a012a)
+
+To the Moon!
+
+I did the same process of scatter and fitting curve this time with the exponential:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/m9sioly1nh471.png?width=903&format=png&auto=webp&s=18f5889fcf4610d3c84b4de88f05dc9d1cc370de)](https://preview.redd.it/m9sioly1nh471.png?width=903&format=png&auto=webp&s=18f5889fcf4610d3c84b4de88f05dc9d1cc370de)
+
+Ape Curve
+
+Also, not sure if there's anything here, but the number 0.8 or 80 percent stood out to me. Need more wrinkled feedback.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+E. Impossible to Short to Zero
+
+I can use the same process as earlier to find the amount of shares needed to short the ape curve close to zero:
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/58fozggdnh471.png?width=989&format=png&auto=webp&s=69af8afc934a8c1bd51b42578ddf226dbc6acf52)](https://preview.redd.it/58fozggdnh471.png?width=989&format=png&auto=webp&s=69af8afc934a8c1bd51b42578ddf226dbc6acf52)
+
+Shares Needed to Zero
+
+These expressions violate our curve rules from earlier. All elements cannot be negative.
+
+[![r/Superstonk - Math Black Magic Vol 2: The Limit Does not Exist!](https://preview.redd.it/1ctkekv0oh471.png?width=938&format=png&auto=webp&s=9c66d9b4480d5a16c79b715e709d08516d654862)](https://preview.redd.it/1ctkekv0oh471.png?width=938&format=png&auto=webp&s=9c66d9b4480d5a16c79b715e709d08516d654862)
+
+Da Rules
+
+This seems to imply that if apes continue to BUY & HODL the price cannot go to zero. It is mathematically impossible.
+
+*Negative Volume*
+
+This is a connection I just made today, so I'll have to shoehorn it in here.
+
+For the last several months, negative volume will show up in the data feeds for various apes. [This](https://www.reddit.com/r/Superstonk/comments/nwta9j/what_is_this_fuckery_can_anyone_explain_a/) is the most recent incident.
+
+Now Dave Lauer did say that those were most likely end of the day rebalancing and whatnot, so I'm not suggesting anything tin foil-y.
+
+My hypothesis is simply that the negative candle is the manifestation of the algo doing something based on these curves. I don't know the algo is doing and I don't know if it is nefarious or not. I def need wrinkle brain feedback here.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+F. The Final Volume
+
+The final volume will be the shortest, but the juiciest. Based on what we've discussed, there may be a way to calculate how many shorted shares there are and find out the true short interest.
+
+-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+TL:DR -> At this point, the number of shares needed to short $GME to zero does not mathematically exist.
+
+TA:DR -> $GME only go up! Math say so!
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+This post brought to you on behalf of Margery Nesbitt. Help her find Kenny, he isn't taking her calls for some reason...

DD/Math-Black-Magic-series-by-nydus-erdos/2021-06-12-Trillion-Short-Share-Seance.md

@@ -0,0 +1,124 @@
+Math Black Magic Vol. 3: Trillion Short Share Seance
+====================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nydus_erdos](https://www.reddit.com/user/nydus_erdos/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nya5ps/math_black_magic_vol_3_trillion_short_share_seance/) | 
+
+---
+
+[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)
+
+DISCLAIMER: Third part of my first DD. Not financial advice. All credit to the authors of referenced works.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+ACKNOWLEDGEMENTS:
+
+I'll also be using equations from [u/JTH1](https://www.reddit.com/u/JTH1/)'s (aka "exponential floor guy") works.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+A. Quick Review
+
+In [Volume 1](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/), I break down an academic finance paper by John Finnerty. In it, he mathematically proves that it's impossible to short a stock to zero without naked shorting AT LEAST as many shares as there are outstanding, doubling the float in the process.
+
+In [Volume 2](https://www.reddit.com/r/Superstonk/comments/nwy0oz/math_black_magic_vol_2_the_limit_does_not_exist/), I lay out how I think apes fucked up hedgies' algos initially, make conjecture on rates of change in our exponential graphs and show (through Finnerty's theories) that, at this point, the number of shares needed to short $GME to zero does not mathematically exist.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+B. Goal of This Volume
+
+So far we an equations that relate *P(t) to Q*
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/sbv13sumfu471.png?width=648&format=png&auto=webp&s=63e2d69f476bb6add74ff9a5081c3e681283356f)](https://preview.redd.it/sbv13sumfu471.png?width=648&format=png&auto=webp&s=63e2d69f476bb6add74ff9a5081c3e681283356f)
+
+Demand Curves
+
+And equations that relate *P(t)* to *t*
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/j2vdkh7cgu471.png?width=521&format=png&auto=webp&s=f27f8d220bb288937c388e6d32e89f861d82401b)](https://preview.redd.it/j2vdkh7cgu471.png?width=521&format=png&auto=webp&s=f27f8d220bb288937c388e6d32e89f861d82401b)
+
+Thanks to Exponential Floor Guy
+
+My goal is to find an equation that can relate Q and t. That equation can possibly be used to find the real short interest.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+C. Hedgies' Curves
+
+*Case 1*
+
+The hedgies' curves are the second equation in each list. First, I tried setting them equal to each other:
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/8xr7dbtuiu471.png?width=1289&format=png&auto=webp&s=7ae5032792440214363242a29e88f9d59d687833)](https://preview.redd.it/8xr7dbtuiu471.png?width=1289&format=png&auto=webp&s=7ae5032792440214363242a29e88f9d59d687833)
+
+No new information here
+
+But, this doesn't really help me cause of I don't know *B*, so ~~I tried a little calculus~~ ~~did a little simple calculus~~ I had a math séance. Cover your eyes and skip to the next section if math horrifies you. I will begin the ritual with the traditional chant *ahem*
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/76u4fk2aku471.png?width=1048&format=png&auto=webp&s=207ca8ca3213db1948f54ce3883639064350a637)](https://preview.redd.it/76u4fk2aku471.png?width=1048&format=png&auto=webp&s=207ca8ca3213db1948f54ce3883639064350a637)
+
+Yu Mo Gui Gwai Fai Di Zao, Yu Mo Gui Gwai Fai Di Zao, Yu Mo Gui Gwai Fai Di Zao...
+
+EDIT: I made a mistake in notation, the derivative of the linear equation should be taken with respect to Q (d/dQ). This will not change the answer as P(t) = D(Q)
+
+Now that we've completed the ritual and the dark gods have gifted us an equation lets plot that bad boy and find the amount of shares:
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/co6mjaatlu471.png?width=952&format=png&auto=webp&s=1ef2e94f1ab30e25e3c5e1366ee1033573f589d2)](https://preview.redd.it/co6mjaatlu471.png?width=952&format=png&auto=webp&s=1ef2e94f1ab30e25e3c5e1366ee1033573f589d2)
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/kiy1tob5nu471.png?width=974&format=png&auto=webp&s=fe08f2b2eebc2644acc7fd9d3868624224bdb58b)](https://preview.redd.it/kiy1tob5nu471.png?width=974&format=png&auto=webp&s=fe08f2b2eebc2644acc7fd9d3868624224bdb58b)
+
+1.4 TRILLION SHARES
+
+*Case 2*
+
+For such a huge number, I figured I should try the calculation again with a value of 40 dollars and see what I got:
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/b5bnuvhcou471.png?width=852&format=png&auto=webp&s=12a2acbd89881b3770b72f34efb9f842816bb6e7)](https://preview.redd.it/b5bnuvhcou471.png?width=852&format=png&auto=webp&s=12a2acbd89881b3770b72f34efb9f842816bb6e7)
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/1sqnpp1gou471.png?width=934&format=png&auto=webp&s=f4d7b7039e64470915de0b656377fc3055f4a75d)](https://preview.redd.it/1sqnpp1gou471.png?width=934&format=png&auto=webp&s=f4d7b7039e64470915de0b656377fc3055f4a75d)
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/9wyb54dmou471.png?width=973&format=png&auto=webp&s=8c8b8016ce118d76979b89215db3a0ebb8fafe66)](https://preview.redd.it/9wyb54dmou471.png?width=973&format=png&auto=webp&s=8c8b8016ce118d76979b89215db3a0ebb8fafe66)
+
+116 BILLION SHARES
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+D. Ape's Curves
+
+I will now perform part two of the math séance, by repeating the process above for the ape curve:
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/ukba2075pu471.png?width=1007&format=png&auto=webp&s=d0f81c578fb481cab287a3fb4846cf9326f6062c)](https://preview.redd.it/ukba2075pu471.png?width=1007&format=png&auto=webp&s=d0f81c578fb481cab287a3fb4846cf9326f6062c)
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/fitnd4a8pu471.png?width=1036&format=png&auto=webp&s=47b616777fedf483dc2004b9108e6457b32e1cfc)](https://preview.redd.it/fitnd4a8pu471.png?width=1036&format=png&auto=webp&s=47b616777fedf483dc2004b9108e6457b32e1cfc)
+
+I Implore the Spirit of Isaac Newton, Aid Me In My Dark Deed...
+
+Now this is what things get VERY interesting, check out that asymptote:
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/xdb6gd56qu471.png?width=871&format=png&auto=webp&s=6f34aa774b64c4ddbf0bc0b3161142ef0fe9ed36)](https://preview.redd.it/xdb6gd56qu471.png?width=871&format=png&auto=webp&s=6f34aa774b64c4ddbf0bc0b3161142ef0fe9ed36)
+
+[![r/Superstonk - Math Black Magic Vol. 3: Trillion Short Share Seance](https://preview.redd.it/59673f2aqu471.png?width=1025&format=png&auto=webp&s=af9d1952760e62ad7324eb3ac0551141188dc258)](https://preview.redd.it/59673f2aqu471.png?width=1025&format=png&auto=webp&s=af9d1952760e62ad7324eb3ac0551141188dc258)
+
+837 MILLION SHARES
+
+I'm not sure what the asymptote implies or represents, but I feel that its significant.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+E. Conclusion
+
+Thanks for coming to my APE Talk. Constructive criticism is always welcome!
+
+TL:DR -> Hedgies have naked shorted, at most, about 1.4 trillion shares and, at least, about 837 million shares.
+
+TA:DR -> Hedgies have pissed off math gods. Hedgies r fuk.
+
+--------------------------------------------------------------------------------------------------------------------------------------------------------
+
+F. Questions I Could Use Help With
+
+-   What does that asymptote represent? Is this when it no longer becomes possible for hedgies to dilute the float meaningfully? Is this the stalemate that occurs when the shares are being bought at higher rate?
+
+-   Have I calculated how many shares have been naked shorted or how many shares retail holds? The way Finnerty frames it, I believe the shares I calculate are the amount of shares naked shorted. However, the demand curve equation says it describes how many shares retail investors hold. I think it can describe both, but I'm sure what context the results of my calculations are in.

DD/Math-Black-Magic-series-by-nydus-erdos/2021-07-04-Epilogue-Part-IV.md

@@ -0,0 +1,68 @@
+Math Black Magic, Final Vol: Epilogue
+=====================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nydus_erdos](https://www.reddit.com/user/nydus_erdos/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/odrnbv/math_black_magic_final_vol_epilogue/) | 
+
+---
+
+[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)
+
+Not financial advice. All credit to the authors of cited works
+
+THE PREVIOUS VOLUMES ARE ESSENTIAL TO UNDERSTANDING THIS POST: [Vol. 1](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/), [Vol. 2](https://www.reddit.com/r/Superstonk/comments/nwy0oz/math_black_magic_vol_2_the_limit_does_not_exist/), [Vol. 3](https://www.reddit.com/r/Superstonk/comments/nya5ps/math_black_magic_vol_3_trillion_short_share_seance/)
+
+----------------------------------------------------------------------------------------------------------------------------------------------------
+
+1\. Quick Recap
+
+In 2005, finance professor John Finnerty published a paper entitled: [Short Selling, Death Spiral Convertibles and the Profitability of Stock Manipulation](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf). Using math and game theory he presents a model depicting a manipulated market. I covered the paper extensively in Vol. 1 and applied some of the concepts in Vol. 2 and 3 to try to estimate the total number of shares shorted. I stand by my methods, but they needed refinement. I reworked some things and I feel much more confident about my results here.
+
+----------------------------------------------------------------------------------------------------------------------------------------------------
+
+2\. Method
+
+My methods are pretty much the same as last time, so this post will be relatively short and not so many graphs or derivations. There are nuances, but I'm saving most of them for the next series since they require a lot of background knowledge. If there's something that seems like I didn't explain fully, it'll be covered extensively later.
+
+Using the pattern laid out earlier, I analyzed the largest drops I could find before the Sneeze, during the Sneeze, and after. I used Finnerty's formulas to calculate quantity of shares shorted and combined them with price data. Using data processing software, I ran several scenarios, based on Finnerty's model and choose the lowest reasonable answer based on past behavior and revealed data. Using all this I found cumulative SI.
+
+I did not have an explicit control, however now that we have some idea of the real short interest stated in the recent Robinhood document, I used that data to calibrate the model. I also used an example referenced in the paper regarding a company called Charter Communications:
+
+> "The NASD reported that Charter had short interest of 88,520,000 shares inJanuary 2005, but Charter reported having a float of only 36,600,000 shares."Pg. 45, footnote 66
+
+That's about 2.4 times the float. I tried to find more info about Charter, but it seems like its hard to get any info about stocks pre-2010. Anyway, it gave me some reference point of what a highly shorted stock (at that point) looked like.
+
+This model only goes from 10/30/15 to 4/12/2021. Past there I couldn't find any meaningful large drops. Since this model is still general, complexity is the enemy at this point. Future projects involve refining the model with more complexity in mind. Until then, I wouldn't feel confident in any answer I got from a smaller drop.
+
+----------------------------------------------------------------------------------------------------------------------------------------------------
+
+3\. Refined Results
+
+As of 4/12/2021:
+
+-   Shitadel and Co. had cumulatively shorted approximately 3 billion shares
+
+-   The short interest was about 4,302 percent. That's 43 times shares outstanding.
+
+-   At current average daily volume (~7.6 million) that's 400 days to cover, which amounts to 1.6 trading years.
+
+----------------------------------------------------------------------------------------------------------------------------------------------------
+
+4\. What's Next
+
+My next series will be titled *The Chronicles of Short and Shorter*. In order to write it I had to gain a deeper understanding of the concepts we've used. This led me to the most intense knowledge binge of my adult life: microeconomics. Holy fuck. What a blessed rabbit hole. This is the subject that's pretty much the basis for everything Finnerty wrote. As I am a veryyy autistic ape, it never occurred to me to try to find what the field was called. It allowed to me to take some of Finnerty's concepts further and answer some more questions. So, over the next series we'll:
+
+-   Go over some economic concepts
+
+-   Dissect Shitadel and Co.'s strategy and patterns of attack in the pre-Sneeze period, during the Sneeze and post-Sneeze period.
+
+-   Estimate Shitadel and Co.'s cost function
+
+-   Give my idea on what exponential floor guy's findings might be caused by
+
+----------------------------------------------------------------------------------------------------------------------------------------------------
+
+TL;DR ==> See section 3.
+
+TA;DR ==> Math gods are still pissed at hedgies. Hedgies r still fuk.

DD/Math-Black-Magic-series-by-nydus-erdos/2021-07-06-Malleus-Oeconomica-A-Compressed-Primer.md

@@ -0,0 +1,157 @@
+Malleus Oeconomica: A Compressed Primer
+=======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/nydus_erdos](https://www.reddit.com/user/nydus_erdos/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of1lz2/malleus_oeconomica_a_compressed_primer/) | 
+
+---
+
+
+[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)
+
+Not financial advice.
+
+Previous Volumes below. If something seems unclear, the answer is probably in here:
+
+[Vol. 1](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/), [Vol. 2](https://www.reddit.com/r/Superstonk/comments/nwy0oz/math_black_magic_vol_2_the_limit_does_not_exist/), [Vol. 3](https://www.reddit.com/r/Superstonk/comments/nya5ps/math_black_magic_vol_3_trillion_short_share_seance/), [Epilogue](https://www.reddit.com/r/Superstonk/comments/odrnbv/math_black_magic_final_vol_epilogue/)
+
+Main Sources: [Finnerty Paper](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf), [Microeconomics 7th Edition by Jeffrey M. Perloff](http://dl.rasabourse.com/MIT.Mircroeconomics.Jeffrey%20M.%20Perloff%20-%20Microeconomics%20(2014,%20Pearson).pdf)
+
+-----------------------------------------------------------------------------------------------
+
+0\. Clarification
+
+In my last post I was a little unclear about what my numbers describe. They represent the total amount of shares ever shorted. I can't speak to whether these shares were covered or what their status is now. The model is quite simple at the moment and needs further developing. I plan to integrate more variables as time goes on and get more precision.
+
+-----------------------------------------------------------------------------------------------
+
+1\. Purpose
+
+The ultimate reason for this primer is twofold. First, I want to give the background of the concepts I'll be referencing heavily in future works. Second, is to show how crazy this situation appears to be in terms of economics. The market that Kenny and Co. have created seems to be an anomaly. In order to show how abnormal what they've created is, I have to give you some idea on what the norm is and is not.
+
+-----------------------------------------------------------------------------------------------
+
+2\. Supply & Demand
+
+-   Most important thing regarding this topic, I thought that quantity supplied or demanded determines price, however its actually the other way around: Price determines quantity supplied or demanded.
+
+-   Law of Demand says that as price increases, quantity demanded decreases. In normal cases, this is because once the good becomes too expensive, people will find a cheaper alternative.
+
+-   Law of Supply says that as price increases, quantity supplied increases. This is because if an item is selling for a high price, producers have incentive to produce more.
+
+-   Another important point, in a perfectly competitive market quantity demanded =/= quantity supplied. This is why we have surpluses or shortages.
+
+-----------------------------------------------------------------------------------------------
+
+3\. Important terms
+
+A mathematical function expresses the relationship between the independent variable and dependent variable. It is usually denoted in the general form f(x). In a specific form, f and x can be any variable.
+
+-   A monopoly is the only supplier of a good that has no close substitute
+
+-   A firm's marginal cost or marginal revenue is the amount by which a firm's total cost or revenue changes if the firm produces one more unit of output.
+
+-   The law of diminishing marginal returns holds that if a firm keeps increasing an input, holding all other inputs constant, the corresponding increases in output will become smaller eventually. In ape, marginal revenue diminishes past a certain quantity sold. Diminishing marginal returns determines the shape of the marginal cost curve.
+
+-----------------------------------------------------------------------------------------------
+
+4\. Variable Descriptions
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/ti2pyq57sm971.png?width=612&format=png&auto=webp&s=9f78fc7c270555c3b2ad2659b41f4daeb0cacacd)](https://preview.redd.it/ti2pyq57sm971.png?width=612&format=png&auto=webp&s=9f78fc7c270555c3b2ad2659b41f4daeb0cacacd)
+
+Variables
+
+-----------------------------------------------------------------------------------------------
+
+5\. Supply and Demand Curves
+
+When speaking about any type of supply and demand curves, the variables on the axes are price and quantity, and they are usually expressed linearly. In reality, supply and demand curves do not have to be linear and come in non-linear forms. However, economists try to express them linearly whenever they can for simplicity sake. The most important thing to note here is that in supply and demand functions, price is the independent variable and quantity is the dependent variable or *Q(P)*. This means that *Q* should be on the y-axis and *P* should be on the x-axis. I won't be going into these functions in depth just yet.
+
+-----------------------------------------------------------------------------------------------
+
+6\. Inverse Supply and Demand Curves
+
+Why am I going through inverse curves first? Because in economics they break some mathematical conventions we take for granted, which makes things admittedly very confusing. First thing, economists are extremely kinky when it comes to the axes of their charts For example:
+
+> "It is the convention in economics to always display a demand and supply curve with amount Q on the x-axis and price P on the y-axis. Thus, technically speaking, when we sketch the demand curve we are really sketching the inverse demand curve because Q is the independent variable and P is the dependent variable. In order to sketch the demand and supply curves, we must first therefore rearrange to make P the subject of the expression." ([Pg. 1-2](https://users.ox.ac.uk/~sedm1375/Teaching/Micro/week4.pdf))
+
+Wat? That's literally what I said after reading it for the 30th time, but after much more research here's my short answer: economists prefer to always have price, the independent variable, on the y-axis as it makes it easier to interpret the charts (for them). To which the math gods say: 'You can call it whatever you want, but if its on the y-axis it is the dependent variable and if its on the x-axis its the independent variable.' To which the economists said,
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/rgx5mp5cum971.png?width=573&format=png&auto=webp&s=e7b3b1c61b1fbd6f71f25253961a26263351ed61)](https://preview.redd.it/rgx5mp5cum971.png?width=573&format=png&auto=webp&s=e7b3b1c61b1fbd6f71f25253961a26263351ed61)
+
+Verse 23
+
+Anyway, apparently its common for economists to express supply/demand curves in their inverse form. Here is the general inverse form:
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/j3gb83m6vm971.png?width=323&format=png&auto=webp&s=fdf68c7fae68086d3b3307183fe8a2e0089d53be)](https://preview.redd.it/j3gb83m6vm971.png?width=323&format=png&auto=webp&s=fdf68c7fae68086d3b3307183fe8a2e0089d53be)
+
+Inverse Demand Function
+
+This should look familiar as this is the curve Finnerty uses in his paper. Apparently, it is common to express demand curves in their inverse forms.
+
+-----------------------------------------------------------------------------------------------
+
+7\. Regular Supply and Demand Curves
+
+So how do we find the regular demand curve? Turns out we already did it in the previous volumes. Here it is again with one additional tweak:
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/ddocvf3jvm971.png?width=948&format=png&auto=webp&s=122e9304f7218810d1023abba31c6eb07896bd77)](https://preview.redd.it/ddocvf3jvm971.png?width=948&format=png&auto=webp&s=122e9304f7218810d1023abba31c6eb07896bd77)
+
+Demand Function
+
+-----------------------------------------------------------------------------------------------
+
+8\. Slope vs. Elasticity
+
+More confusing concepts incoming: Within microeconomics, elasticity and slope are always regarded as a pair of two closely related concepts, but are not the same. Slope is the change of the dependent variable per the change of the independent variable. Elasticity is the percentage change in a variable in response to a given percentage change in another variable. (Quick side note: turns out [elasticity is also a concept studied in pure mathematics as well](https://en.wikipedia.org/wiki/Elasticity_of_a_function)). One of the results of using this convention is that linear demand/supply curves have a constant slope, but not constant elasticity. Why all this tomfoolery? Because elasticity is unitless (i.e. normalized), so we don't have to worry about different units. Here are the equations and their equivalents:
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/elpqvldxvm971.png?width=644&format=png&auto=webp&s=fd8a734c163099eac93b72d6dcd0ddee1b369c9b)](https://preview.redd.it/elpqvldxvm971.png?width=644&format=png&auto=webp&s=fd8a734c163099eac93b72d6dcd0ddee1b369c9b)
+
+Elasticity
+
+I'll give you a hypothetical and a real world example of why this is useful:
+
+-   Say, hypothetically, there an ape outside the US doing the same calculations I am. Since we are using different currency, we would not get the same answers unless we normalized our answers first.
+
+-   IRL, one of the things I struggled with in this project is I would get reasonable answers but they would always be off by a decimal place or two. Once I normalized, the slope those problems went away. Because I was moving between tens of dollars/shares, to hundreds of dollars/share, all the way up to billions of dollars/shares. Its no wonder why the decimal point got all jostled around.
+
+-----------------------------------------------------------------------------------------------
+
+9\. Types of Elasticity
+
+'Member talking about how elasticity is different along a demand/supply curve. Well the curve itself? Well, we can basically divide the curve up into three parts:
+
+1.  At the midpoint of the linear demand curve is called unitary (unit) elastic and is equal to -1. Here a one percent increase in price causes a one percent fall in quantity. I interpret this point to be similar to average elasticity of the curve.
+
+2.  For quantities between the midpoint of the linear demand curve and the lower end, the elasticity is between 0 and -1 and is inelastic. Where the demand curve is inelastic, a one percent increase in price leads to a fall in quantity of less than one percent.
+
+3.  For quantities between the midpoint of the linear demand curve and the upper end, the elasticity is less than -1 and is elastic. Here a one percent increase in price causes quantity to fall by more than one percent.
+
+[![r/Superstonk - Malleus Oeconomica: A Compressed Primer](https://preview.redd.it/rn13yfkpwm971.png?width=1162&format=png&auto=webp&s=78904f435be146a8a0459e1a5c3247fdaeacf352)](https://preview.redd.it/rn13yfkpwm971.png?width=1162&format=png&auto=webp&s=78904f435be146a8a0459e1a5c3247fdaeacf352)
+
+Elasticity Along Curve
+
+-----------------------------------------------------------------------------------------------
+
+10\. Monopoly Market Structure
+
+-   A monopoly's profit is maximized in the elastic portion of the demand curve.
+
+-   The monopolist is able to set a price above marginal cost without losing all of their sales. This means its demand curve slopes downward, which is not the case in a perfectly competitive market.
+
+-   Since the monopolist has market control, the firm can set the market price or set how much they decide to produce. In the textbook, they usually assume the monopoly chooses to set quantity. We'll do the same as well.
+
+-   Unlike a competitive firm, a monopoly does not have a supply curve.
+
+-   The lack of a supply curve makes a monopoly's output decision dependent on the shapes of its marginal cost curve and its demand curve. In a competitive market, a firm is only constrained by the shape of the marginal cost curve.
+
+-----------------------------------------------------------------------------------------------
+
+11\. Coming Next
+
+Now that there's finally some background knowledge, we can start getting to the refined model and how I got my numbers
+
+-----------------------------------------------------------------------------------------------
+
+TL:DR => Honestly, I don't know how to compress it anymore

DD/Peek-a-boo-I-See-You-Hidden-Shorts-series-by-WhatCanIMakeToday/2021-07-06-Peek-a-Boo-I-See-103M-Hidden-Shorts-Pt-II.md

@@ -0,0 +1,45 @@
+Peek-a-boo! I see 103M hidden shorts! (Part Deux)
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/WhatCanIMakeToday](https://www.reddit.com/user/WhatCanIMakeToday/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Part Uno (you might want to read it first for background): <https://www.reddit.com/r/Superstonk/comments/odsded/peekaboo_i_see_you_79m_hidden_shorts/>
+
+I'm BAAACK!
+
+After finding 79M hidden shorts in married puts, I asked myself "Can I do better?" I didn't disappoint. Don't get me wrong, I'm disappointed (yet also happy) that I found more shorts.
+
+In Part Uno, I searched for new deep OTM Put Options that have no business being opened and found 79M shares worth of options (about 792k opened Put options) opened during the Jan GME spike. I used a rather crude approach which was assuming worthless options are at the deepest OTM Put strike and then expanded that to strikes <= $5. Crude, but it worked fairly well.
+
+Here in Part Deux, I've improved on it by growing a wrinkle about options greeks.
+
+Using the same GME Options Data set I bought for about $21 from <https://www.historicaloptiondata.com/> for 2021 up to end of June, I did the following:
+
+1.  Filtered the data set down to get two snapshots in time: Jan 19th, 2021 and Feb 1st, 2021. This is effectively bracketing the week before and week of the huge GME Jan spike. Whatever happens in here *should* 100% be tied to that crazy spike. (I just realized I'm undercounting a bit because the spike, T, was Jan 28th and Feb 1 is only T+2. I'm too lazy to rerun the process right now to expand out and you'll get the picture.)
+
+2.  Filtered out only for Puts (duh) because we're looking for Married Puts.
+
+3.  (NEW for Part Deux!) Filtered by *delta* which is an option greek that represents how much the option value changes per $1 change in the underlying stock price. I filtered for *delta* < 0.01 which means if the stock price moves by $1, the price of these options moves by a penny ($0.01) or less. These options are *literally* worthless.\
+    Grow wrinkles about option greeks here: <https://www.investopedia.com/terms/g/greeks.asp>
+
+4.  Summed up the total Open Interest for all remaining Puts.
+
+Total Open Interest for Puts with delta <= 0.01:
+
+| As of Jan 19, 2021 | As of Feb 1, 2021 |
+| --- | --- |
+| 58,970 | 1,096,066 |
+
+*Wut mean?* Over 1M worthless junk put options were opened in the 2 weeks (from Jan 19th to Feb 1st, 10 trading days) of our January spike. 1,037,096 worthless put options were opened. Sink that in because those brand spanking, newly opened, absolutely worthless options are capable of hiding over 103,700,000 (103M) shares.
+
+Updates:
+
+1.  Why worthless puts? See <https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/>
+
+2.  The prior 79M is a subset of this 103M. This approach is a more accurate way to count worthless options.

DD/Peek-a-boo-I-See-You-Hidden-Shorts-series-by-WhatCanIMakeToday/2021-07-06-Peek-a-Boo-I-Track-You-Kicked-Cans.md

@@ -0,0 +1,47 @@
+Peek-A-Boo! I Track You Kicked Cans!
+====================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/WhatCanIMakeToday](https://www.reddit.com/user/WhatCanIMakeToday/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of1zn4/peekaboo_i_track_you_kicked_cans/) | 
+
+---
+
+
+[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've been following along with my posts, you'll know I track deep worthless OTM puts which SuperStonk has suspected of being used for married puts to defer FTDs. If you're new, you may want to catch up with my previous posts:
+
+-   [Historical GME 7/14/21 Options OI to see how many cans got kicked & how far](https://www.reddit.com/r/Superstonk/comments/ocen11/historical_gme_71421_options_oi_to_see_how_many/). This was my original post when I realized we can see exactly which day options are opened. And, by looking at which expiration, we can see how far cans get kicked.
+
+-   [Peek-a-boo! I see you 79M hidden shorts!](https://www.reddit.com/r/Superstonk/comments/odsded/peekaboo_i_see_you_79m_hidden_shorts/) is where I start tracking these suspected hidden shorts by focusing on new opens during GME's Jan spike.
+
+-   [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) is where I learned to use delta to determine that a newly opened option is actually worthless which allows for a really good estimate of how many worthless options are opened to hide shorts during GME's Jan spike.
+
+As we see those cans in Jan 2021 kicked down the road to various expirations, we're now going to see *where* those cans are kicked. We see many of those cans stacking up in the upcoming July options expiration so we'll start there.
+
+I used the same GME Options data set from <https://www.historicaloptiondata.com/> for 2021 up to end of June (best $21 ever spent). I looked at the end of June (6/30) to find which July Put option has the most OI: July $0.50 Put with 148k OI. (The runner up is the $1 strike with 30k OI so I'm going to skip that for a cleaner chart.)
+
+I extracted the daily open interest data for that July $0.50 Put and then calculated the new Open Interest for each day. This OI Change effectively shows you how many of those Puts were opened (or closed) that day. When we look at the July $0.50 Put line (blue), there's a noticeable spike in March.
+
+So I did the same for the highest OI Jan 2022 leap puts (@ $0.50 strike) and the highest OI March 19 Puts (@ $1.00 strike). (Of course, for the options expiring March 19th, I had to get that data as of March 19th instead of June 30.) The second highest Jan 2022 leap put OI was the $1 strike with 29k OI and the second highest March 19 put OI was at the $10 strike with 37k OI. I'm setting these aside for now because you can see the trend with just the highest OI at the deepest OTM strike and this keeps the chart cleaner.
+
+Have a nice chart:
+
+![Put Open Interest Change per Day for March, July, and Jan 2022 Leap Options](https://user-images.githubusercontent.com/82035192/124762045-73291b80-df00-11eb-9c0c-81ef5f99c7f5.png)
+
+[Put Open Interest Change per Day for March, July, and Jan 2022 Leap Options](https://preview.redd.it/u3armgxwrm971.png?width=1452&format=png&auto=webp&s=85e3e66ebf404f7c9f2b3f02ab870b6ba3f5ace3)
+
+Here we can see lots of March 19th $1.00 Put options (green line) being opened in January at the "Oh Shit" moment and again in late February (presumably soon after the Feb options expired). This suggests the March expiration was used twice for can kicking from Jan and then again in Feb.
+
+As the worthless March puts expired worthless in mid-March, you see a huge spike of new worthless July $0.50 P options (blue line) being opened up. Effectively, we're seeing cans that were kicked only a couple months out to March being kicked out again to July.
+
+As July expiration comes up, we see 148k (@ the $0.50 strike) and 30k (@ the $1.00 strike) options expiring which is a solid 178k deep OTM puts almost certainly being used to hide about 17.8M shares just at those bottom two strikes. As of March 19, the deltas for all July option strikes below $13 have been 0 which means upwards of 273k worthless puts (probably hiding over 27M shares) are coming due. (As of March 19th, delta is under 0.01 up to around the $26 strike so many people would probably consider those to also be worthless. Why open worthless options positions?)
+
+[ToS showing deltas for options as of March 19th](https://preview.redd.it/yl58wsuk6n971.png?width=5000&format=png&auto=webp&s=53537adfaf50a915e3f1022c0c7fa083d8cbbf8e)
+
+With this analytical approach, we can see which future expirations those cans get kicked to. *And*, we can estimate the number of cans by summing up the new OI for options with delta < 0.01.
+
+I'm looking forward to doing another analysis towards the end of July! Thanks for reading!
+
+Edit: Fully spell out SuperStonk. Credit [u/b_h_w](https://www.reddit.com/u/b_h_w/)

Data/2021-07-06-Reddit-was-Raided-by-a-Targeted-Spam-Account-Campaign-in-mid-January.md

@@ -0,0 +1,12 @@
+Reddit was raided by a targeted spam account campaign for 10 days starting Jan 15, and I can prove it. Some subs grew by over 6m new accounts during this time, while the default subs did not.
+===============================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/go_do_that_thing](https://www.reddit.com/user/go_do_that_thing/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oes2su/reddit_was_raided_by_a_targeted_spam_account/) | 
+
+---
+
+[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 - Reddit was raided by a targeted spam account campaign for 10 days starting Jan 15, and I can prove it. Some subs grew by over 6m new accounts during this time, while the default subs did not.](https://preview.redd.it/m1ztthjyhk971.png?width=640&crop=smart&auto=webp&s=77ce7af9655b90523dc59c0cb9a264160fd7388a)](https://i.redd.it/m1ztthjyhk971.png)

Data/2021-07-06-Unlocked-Institutional-Holdings-per-13F-NPORT-Filings-Update.md

@@ -0,0 +1,21 @@
+Unlocked Institutional Holdings per 13F/NPORT filings Update: 7/6/21 (Source: Fintel.io)
+========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/d2blues](https://www.reddit.com/user/d2blues/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of7smj/unlocked_institutional_holdings_per_13fnport/) | 
+
+---
+
+[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/82035192/124756268-44a84200-defa-11eb-9d96-5e14383947ee.png)
+
+![image](https://user-images.githubusercontent.com/82035192/124756286-4a9e2300-defa-11eb-9f47-cb4de2e2b251.png)
+
+![image](https://user-images.githubusercontent.com/82035192/124756299-4f62d700-defa-11eb-910d-f4fe350efc69.png)
+
+![image](https://user-images.githubusercontent.com/82035192/124756312-538ef480-defa-11eb-8cc9-ca0e0007b67f.png)
+
+
+

Data/Reverse-Repo-Operations-by-pctracer/2021-07-06-Reverse-Repo-Update.md

@@ -0,0 +1,11 @@
+### 🔴Daily Reverse Repo Update 07/06: $772.581B🔴
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/pctracer](https://www.reddit.com/user/pctracer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oezg9l/daily_reverse_repo_update_0706_772581b/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/?f=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)
+
+![image](https://user-images.githubusercontent.com/82035192/124798562-7c76b000-df21-11eb-92e8-732b4a77e8be.png)

Economic-Crisis/2021-07-06-Eight-Investors-are-Predicting-a-Major-Market-Crash.md

@@ -0,0 +1,154 @@
+Michael Burry, Jeremy Grantham, and other top investors are predicting an epic market crash. Here are their gravest warnings so far
+===================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [Theron Mohamed](https://www.businessinsider.com/author/theron-mohamed)  | [businessinsider.com](https://www.businessinsider.com/michael-burry-jeremy-grantham-predict-epic-stock-market-crash-warnings-2021-7?amp) | 
+
+---
+
+![Michael Burry big short](https://i.insider.com/60ddb4d4a08b100012b41ae0?width=750&format=jpeg&auto=webp)
+
+Michael Burry. 
+
+Jim Spellman / Getty Images
+
+-   Michael Burry, Jeremy Grantham, and other experts are predicting an epic market crash.
+-   Jeffrey Gundlach, Leon Cooperman, and Stanley Druckenmiller expect a downturn too.
+-   Here are the gravest warnings so far from eight top investors and commentators.
+-   [See more stories on Insider's business page](https://www.businessinsider.com/?hprecirc-bullet).
+
+Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. They're far from the only experts to warn that rampant speculation fueled by government-stimulus programs can't shore up asset prices forever.
+
+Billionaire investors Leon Cooperman, Stanley Druckenmiller, and Jeffrey Gundlach have also sounded the alarm. The same is true for "Shark Tank" star Kevin O'Leary, market prophet Gary Shilling, and "Rich Dad Poor Dad" author Robert Kiyosaki.
+
+Here are the most striking warnings from these eight market experts:
+--------------------------------------------------------------------
+
+Michael Burry
+-------------
+
+![Dr. Michael Burry](https://i.insider.com/60e2be5393b49f0018ee0770?width=750&format=jpeg&auto=webp)
+
+Michael Burry. 
+
+Getty Images/ Astrid Stawiarz
+
+Michael Burry [described](https://www.businessinsider.com/big-short-michael-burry-twitter-return-biggest-market-bubble-ever-2021-6?amp) the state of markets in June as the "greatest speculative bubble of all time in all things," and [warned](https://markets.businessinsider.com/currencies/news/big-short-michael-burry-warns-meme-stocks-crypto-crash-coming-2021-6) that retail investors are buying into the hype around meme stocks and cryptocurrencies before the "mother of all crashes."
+
+The investor of "The Big Short" fame, who runs Scion Asset Management, pointed to Tesla, GameStop, bitcoin, dogecoin, Robinhood, and the red-hot US housing market as signs of speculative excess earlier this year.
+
+Jeremy Grantham
+---------------
+
+![Jeremy Grantham](https://i.insider.com/5fbbc70432f2170011f7096c?width=750&format=jpeg&auto=webp)
+
+Jeremy Grantham. 
+
+[Morningstar / YouTube](https://www.youtube.com/watch?v=Y95dg8tjQPc)
+
+Jeremy Grantham [labeled](https://www.businessinsider.com/stock-market-outlook-indicators-lined-up-bubble-burst-jeremy-grantham-2021-5) the market a "fully fledged epic bubble" in January, and described it as the "real McCoy."
+
+"When you have reached this level of obvious super-enthusiasm, the bubble has always, without exception, broken in the next few months, not a few years," the legendary investor and GMO cofounder continued.
+
+"We will have to live, potentially, possibly, with the biggest loss of perceived value from assets that we have ever seen," Grantham added.
+
+Leon Cooperman
+--------------
+
+![Leon Cooperman](https://i.insider.com/5fa245b369331a0011bc72bb?width=750&format=jpeg&auto=webp)
+
+Leon Cooperman. 
+
+Jeff Zelevansky/Reuters
+
+Leon Cooperman [expressed deep concerns](https://markets.businessinsider.com/news/stocks/leon-cooperman-blasts-stimulus-flags-bond-bubble-warns-market-crash-2021-5) about financial markets in May.
+
+"Everything I look at would suggest caution, intermediate to long term, would be the rule of the day," the billionaire investor and Omega Advisors boss said. "When this market has a reason to go down, it's gonna go down so fast your head's gonna spin."
+
+However, Cooperman described himself as a "fully invested bear" because that factors that typically cause bear markets --- rising inflation, [recession](https://www.businessinsider.com/what-is-a-recession) fears, a hostile [Federal Reserve](https://www.businessinsider.com/what-is-the-federal-reserve) --- weren't present.
+
+Stanley Druckenmiller
+---------------------
+
+![Stanley Druckenmiller](https://i.insider.com/602d468b0bbc6c001824bca6?width=750&format=jpeg&auto=webp)
+
+Stanley Druckenmiller. 
+
+REUTERS/Brendan McDermid
+
+Stanley Druckenmiller [said in May](https://markets.businessinsider.com/currencies/news/stanley-druckenmiller-blasted-fed-touted-bitcoin-ethereum-crypto-dollar-warning-2021-5) the current [bull market](https://www.businessinsider.com/what-is-a-bull-market) reminds him of the dot-com boom, but he cautioned that asset prices could continue rising for a while.
+
+"I have no doubt that we are in a raging mania in all assets," the billionaire investor and Duquesne Family Office chief said. "I also have no doubt that I don't have a clue when that's gonna end."
+
+"I knew we were in a raging mania in '99, but it kept going on, and if you had shorted the tech stocks in mid '99, you were out of business by the end of the year," Druckenmiller added.
+
+However, the investor indicated he would pull his cash out of equities in a matter of months.
+
+"I will be surprised if we're not out of the stock market by the end of the year, just because the bubbles can't last that long," he said.
+
+Jeffrey Gundlach
+----------------
+
+![jeff gundlach](https://i.insider.com/5487615d6bb3f7971cc76b05?width=750&format=jpeg&auto=webp)
+
+Jeffrey Gundlach. 
+
+REUTERS/Jessica Rinaldi
+
+Equities are undeniably expensive, Jeffrey Gundlach [said in March](https://markets.businessinsider.com/news/stocks/billionaire-bond-king-jeffrey-gundlach-warns-stocks-overvalued-crash-coming-2021-3).
+
+Claiming the stock market was "anything other than very overvalued versus history is just to be ignorant of all the metrics of valuation," the billionaire investor and DoubleLine Capital boss said. He warned that stocks would fall by upwards of 15% when the downturn comes.
+
+Gundlach, whose nickname is the "bond king," predicted the retail investors that have piled into meme stocks and other speculative assets wouldn't stick around once prices started dropping.
+
+"We'll have a tremendous unwind of a lot of the money that thinks that the stock market is a one-way thing," he said.
+
+Kevin O'Leary
+-------------
+
+![kevin o'leary](https://i.insider.com/60d42da38c8b4000180963f8?width=750&format=jpeg&auto=webp)
+
+Kevin O'Leary. 
+
+"Shark Tank"/ABC
+
+Kevin O'Leary [warned](https://markets.businessinsider.com/currencies/news/shark-tank-kevin-oleary-gamestop-spacs-warns-stock-market-crash-2021-4) in April that stocks would eventually crumble, but he framed the downturn as an educational opportunity for rookie investors.
+
+"Buying the dip is more rock and roll, but what invariably happens is you go through a massive correction and you learn a very important lesson," the "Shark Tank" star and O'Leary Funds chief said.
+
+"The generation that is trading right now has never gone through a sustained correction. It's coming --- I don't know when, I don't know what'll trigger it, but they will learn their lesson," he continued.
+
+If you have a lot of leverage on, it's a hell of a lesson because you end up in a negative net-worth position," O'Leary added. "But you do learn from it."
+
+Robert Kiyosaki
+---------------
+
+!["Rich Dad Poor Dad" author Robert Kiyosaki](https://i.insider.com/60dc8a09cad1220011caf340?width=750&format=jpeg&auto=webp)
+
+Robert Kiyosaki. 
+
+[The Rich Dad Channel/YouTube](https://www.youtube.com/watch?v=s7nO19BKNDA)
+
+Robert Kiyosaki is [expecting the greatest market crash ever](https://markets.businessinsider.com/news/stocks/rich-poor-dad-robert-kiyosaki-market-crash-bitcoin-gold-silver-2021-6), the "Rich Dad Poor Dad" author [tweeted](https://twitter.com/theRealKiyosaki/status/1406063138995204098) in June.
+
+"Biggest bubble in world history getting bigger," the personal-finance guru said. "Biggest crash in world history coming."
+
+Kiyosaki has blamed the Federal Reserve for overstimulating markets and devaluing the dollar. He's advised investors to prepare for the downturn by stocking up on precious metals and cryptocurrencies.
+
+"ARE YOU READY?" he [tweeted](https://twitter.com/theRealKiyosaki/status/1383256218882351115) in April. "Boom, Bust, Mania, Crash, Depression. Mania in markets today. Prepare for biggest crash, depression in world history. What will Fed do? Print more money? Save more gold, silver, bitcoin."
+
+Gary Shilling
+-------------
+
+![gary shilling](https://i.insider.com/608948dc3f0560001881c769?width=750&format=jpeg&auto=webp)
+
+Gary Shilling. 
+
+[Screenshot via Bloomberg TV](http://www.bloomberg.com/video/30-year-treasury-yield-to-fall-to-2-shilling-says-OyxH09A8RoOiSZHPXk3BMQ.html)
+
+Gary Shilling [warned](https://markets.businessinsider.com/currencies/news/gary-shilling-stocks-crypto-market-crash-blasts-fed-warns-speculation-2021-4) in April that financial markets would nosedive, but he declined to hazard a guess at when the crash would arrive.
+
+"I'm not making any firm prediction as to when this thing is going to collapse," the veteran forecaster and president of A. Gary Shilling & Co said.
+
+"Speculations outrun any logic and that's probably going to be true of this one," Shilling continued. "But at some point, boy, there's going to be a lot of blood on the floor."

GameStop-News-and-Information/2021-07-06-GameStop-Continues-Expansion-of-Fulfillment-Network-with-New-Facility-Reno-Nevada.md

@@ -0,0 +1,34 @@
+# GameStop Continues Expansion of Fulfillment Network with New Facility in Reno, Nevada
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [GameStop](https://gamestop.gcs-web.com/about-gamestop) | [GameStop Newsroom](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility) | 
+
+---
+
+
+### Company's Fulfillment Network Will Span Both Coasts of Continental U.S.
+
+GRAPEVINE, Texas, July 06, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today announced the continued expansion of its North American fulfillment network and entry into a lease of a 530,000 square foot facility in Reno, Nevada, which is expected to be operational in 2022. The Company's new presence in Reno, Nevada will position it to grow product offerings and expedite shipping across the west coast. This expansion follows GameStop's entry into a lease of a 700,000 square foot facility in York, Pennsylvania.
+
+**About GameStop.**
+
+GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its E-Commerce properties and thousands of stores. Visit [www.GameStop.com](https://www.globenewswire.com/Tracker?data=ubHFIoLmjsWy9dNOO6qrBq5M3Y0ci5Ry2IN4BFMcT6NWMXPGoln88QkepZ5m9Tr49GEAjMDOo5ACFJO8UZgNAw==) to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at [www.facebook.com/GameStop](https://www.globenewswire.com/Tracker?data=siFKGssSrTQ8yxwDmGXAk0hqPR_ykV5sXf270PkLa3JCjFLQFSb-wbdyrQ_pW1HaJAoU_nLrLWIuAzVHPYXZHbrPL6gSTMQjZ5Nk7ZnoDjM=).
+
+**Contact**
+
+For Stockholders:
+
+GameStop Investor Relations
+
+817-424-2001
+
+[investorrelations@gamestop.com](https://www.globenewswire.com/Tracker?data=ZUbZyG8w2f_Ys2cQS0q0FboY2Z6vDxBqEbth4XM_XthxbRU8_ege3yjGGmNxojmhOiC4hxyXBFD1QbaY8fd-kZ_0LgPeNHxdnFXlP2pBcHpSJjZKMORF3KLSIdiN-Z2a)
+
+For Media:
+
+MKA
+
+Greg Marose / Charlotte Kiaie
+
+[gamestop@mkacomms.com](https://www.globenewswire.com/Tracker?data=X5Jl5EaiulTWZRjHqRipYsyVDxWsnx5YWLO5glEwS5rBSqmfmw_B3UP1oFYFQD-a3fTTO8kLXjLOwxRPWFpkVX8VAyovre0zsHeM6ED1mL8=)

Government/2021-07-06-Q2-US-House-Stock-Trading-Activity-Highlights.md

@@ -0,0 +1,127 @@
+Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀
+====================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/w2re3tr4](https://www.reddit.com/user/w2re3tr4/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of7bqd/q2_us_house_stock_trading_activity_highlights_51/) | 
+
+---
+
+[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)
+
+TLDR: MSFT & GOOG were the top 'buys'... both by the same one (1) Rep who isn't afraid to hold Big Tech stocks.
+
+Another (1) Rep sold >$1M to $5M of BRP right before a -21% dip over 16 days (nice timing Mr. Congressman).
+
+The 'granddaughter of a billionaire' Rep sold a lot of stocks (all in one day) and sold a lot of bonds (all in one separate day) from her 5+ trust accounts... no buys.
+
+And just two (2) other Reps generated ~56% of ALL stock trading activity for the entire House in Q2. Will another ape answer the call to dive deeper to see what they're really up to?
+
+****************************
+
+DATA BELOW IS SHARES ONLY (no options) WITH ESTIMATED Totals for Q2 2021 based primarily on date of public disclosure (it's a pain in the ass to piece these together manually... they sure don't make it easy to follow along to what they're doing. Date disclosed is different than date of trade, and I've seen trades not disclosed for 5+ months. Anyone on the House Ethics committee read this sub?):
+
+548 purchases for >$17.8M to $49.5M *(the Periodic Transaction Report "PTR" forms use amount ranges instead of exact values)*
+
+477 sales for >$14.3M to $33.9M *(ranges do provide the gross floor and gross ceiling****)***
+
+It looks like the US House was a Net buyer of stocks in Q2 2021. Individuals who stood out during Q2 are described below.
+
+****All data below assumes MINIMUM value of the reporting range unless otherwise stated, and therefore could be completely inaccurate or misleading. There is no guarantee the data I used from official government sources is accurate or complete. According to* [*history.house.gov*](https://history.house.gov/)*,* *it looks like only one Rep was expelled since 1980 & only one Rep was censured since 1983 (for any reason). I can't find any links that show any kind of punishment for filing a PTR untimely or not at all... so I'm sure it's all on the up & up. Finally, I'm not a financial advisor and this isn't financial advice. Now onto the pictures!*
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/hrgjq0f6ej971.jpg?width=500&format=pjpg&auto=webp&s=ed1556df5ab616c603006f9b425377d0742917b7)](https://preview.redd.it/hrgjq0f6ej971.jpg?width=500&format=pjpg&auto=webp&s=ed1556df5ab616c603006f9b425377d0742917b7)
+
+Seal since 1789, last updated in 1987. Peace on the left foot, war on the right foot, and 13's all around.
+
+Highest single $ trades ($1M to $5M bracket):
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/d5emaf9jrj971.jpg?width=634&format=pjpg&auto=webp&s=867edff69229229728b177308a6c583364fbc806)](https://preview.redd.it/d5emaf9jrj971.jpg?width=634&format=pjpg&auto=webp&s=867edff69229229728b177308a6c583364fbc806)
+
+Nancy Pelosi (Speaker of the House) & Paul Pelosi (Venture Capitalist), April 23, 2019 'Bought the Dip in Feb 2020'
+
+1) Nancy Pelosi (1987 Rep + Speaker of the House from California... via Paul Pelosi, her 81-year-old Venture Capitalist CEO husband), on last Friday 7/2/21 disclosed they exercised $4.8M of GOOG calls on 6/18/21 that she/they bought on 2/27/20. Interesting they didn't just take the LTCG status on those call options (that went brrrrr) since the share price more than doubled between buy & exercise.
+
+A trade of this size only happened three times during ALL of Q2 (two of which were by Nancy/Paul). Prior to this DD, I knew Paul Pelosi was a big investor and fully expected him on this list - he may be the most interesting investor to watch in Congress (other than two super traders below). Nancy Pelosi (+ Paul) is estimated to be the 7th wealthiest member of Congress with >$114M Net Worth. I had not heard of anyone else on this list before this DD.
+
+On 4/9/21, Nancy/Paul disclosed they exercised $3.35M of MSFT calls on 3/19/21 that they bought on 2/20/20 & 2/28/20. Granted, you could have bought almost anything during late February 2020 and made $$$, but these are long term call options that were exercised instead of sold. Perhaps the biggest story is they don't seem to have any issue with holding more Big Tech stocks, even when they could have taken LTCG instead.
+
+Also on 4/9/21, Nancy/Paul disclosed purchasing ~$690k worth of RBLX, which has since jumped +24% with a peak of +49% on 6/4/21. Told you Paul knows his shit.
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/s60e5iw6sj971.jpg?width=220&format=pjpg&auto=webp&s=235bdcf84067ca3d9c1016d7e09a085d7ae2d909)](https://preview.redd.it/s60e5iw6sj971.jpg?width=220&format=pjpg&auto=webp&s=235bdcf84067ca3d9c1016d7e09a085d7ae2d909)
+
+Scott Franklin, January 2021 'Sold BRP >$1M right before a -21% dip'
+
+2) Scott Franklin (freshman Rep from Florida, 26 year Navy vet turned Insurance CEO) on 6/1/21 disclosed he sold $1M-$5M of BRP on 4/27/21. BRP then immediately dropped -21.6% over the next two weeks after he sold, and is currently -9% from the 4/27/21 close price. This single trade made Scott Franklin the 8th highest $ value trader for Q2 (and it was a pretty well timed trade). Scott Franklin is a Managing Partner in BRP group who acquired his former company Lanier Upshaw in January 2021, so not totally out of the blue... but good for a top 2 spot with the Pelosi's for biggest single trade in Q2.
+
+****************************
+
+Other High $ single trades to watch in the House:
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/dbumg6cfsj971.jpg?width=220&format=pjpg&auto=webp&s=3ac0de573b36dd3136917ae26f55ab3f8975e7a8)](https://preview.redd.it/dbumg6cfsj971.jpg?width=220&format=pjpg&auto=webp&s=3ac0de573b36dd3136917ae26f55ab3f8975e7a8)
+
+Patrick Fallon, January 2021 'Sure would be a shame if some Ape went super DD on me'
+
+Patrick Fallon (freshman Rep from Texas - former Air Force medal recipient turned military clothing company CEO)... this guy swing trades like crazy with same day/ticker buy & sell disclosures, often using duplicate disclosures for the same position on the same day... reported almost 5 months after the trade happened (PYPL 1/19/21 activity disclosed on 6/17/21). **Definitely worth having someone take a deeper look.** On a gross basis, Patrick Fallon Purchased >$5.8M and Sold >$3.9M for a total gross activity of >$9.7M *(this could be as high as $21.7M if Max value in range is used instead of Min value)*. Patrick Fallon was the #1 highest $ trader in Q2 (putting aside the above Pelosi-MSFT speculation). He traded 140 times during Q2, which only has 63 trading days (>2.2x trades per day). *Seriously, can someone please deep dive into this guy, there's a large cloud of smoke coming from the Dallas area....*
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/142jlpnqsj971.jpg?width=220&format=pjpg&auto=webp&s=a2f19393f1708560780f71597aaa792229c9bffa)](https://preview.redd.it/142jlpnqsj971.jpg?width=220&format=pjpg&auto=webp&s=a2f19393f1708560780f71597aaa792229c9bffa)
+
+Mark Green, January 2019 'Sure would be a shame if I also got audited'
+
+Mark Green (2019 Rep from Tennessee - former Army Major turned physician/surgeon turned hospital staffing company CEO)... **2nd most active trader, another one probably worth taking a deeper look into.** Mark Green looks like net buyer in April & May turned net seller in June... but disclosure only requires ranges and dates are delayed, so with that many transactions I cannot be 100% sure. Mark Green was the #2 highest $ trader in Q2 with >$9.1M in total gross activity. He traded 56 times during Q2 (>0.8x trades per day).\
+*Side note: This guy was also apparently 'too toxic' for the 45th President, who had to withdraw Mark Green from nomination for Army Secretary in 2017 (*[*https://duckduckgo.com/?t=ffab&q=mark+green+withdrawn+from+consideration+due+to+comments*](https://duckduckgo.com/?t=ffab&q=mark+green+withdrawn+from+consideration+due+to+comments)*). Don't care what side you're on, any time a nominee has to get withdrawn (by the Party who has a full majority) for any reason is a huge red flag... can someone please deep dive into this guy?*
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/vgf84f4usj971.jpg?width=220&format=pjpg&auto=webp&s=8e8238f8cc94f5fa581df71bf80a0dd41d2a1231)](https://preview.redd.it/vgf84f4usj971.jpg?width=220&format=pjpg&auto=webp&s=8e8238f8cc94f5fa581df71bf80a0dd41d2a1231)
+
+Victoria Spartz, January 2021 'Buying SPG, Selling airlines'
+
+Victoria Spartz (freshman Rep from Indiana, Ukrainian born US citizen in 2006, local Indiana Tea Party founding member, former CFO of Indiana Attorney General, 'real estate and farming businesses') bought $500k-$1M of SPG on 6/10/21. She bought the top, and SPG is currently -3.6% from 6/10/21's closing price. She also bought SPG on 5/12/21 for $100k-$250k. She had three (3) other trades that brought her to the 6th highest $ value trader (buy gross + sell gross) for Q2, including selling ALK on 5/17/21 (-17% since she sold) & LUV on 5/18/21 (-15% since she sold)... both disclosures showed up as "amended"... hmmm.....
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/4jqqm0x3tj971.jpg?width=220&format=pjpg&auto=webp&s=8963128b60720e18ce4534bd92b0f6a1a5cd8f3b)](https://preview.redd.it/4jqqm0x3tj971.jpg?width=220&format=pjpg&auto=webp&s=8963128b60720e18ce4534bd92b0f6a1a5cd8f3b)
+
+Suzan DelBene, January 2017 'Has more money than you, but still paper handed MSFT in March 2021'
+
+Suzan DelBene (2012 Rep from Washington - worked at MSFT 1989-1998 & 2004-2007, other high level tech executive work between and after). Disclosed on 4/13/21 that she Sold $500k-$1M of MSFT on 3/4/21 for ~$226/share, MSFT currently at $277.65/share, so she sold -22% from current (ouch). This one trade put Susan Delbene as the 10th highest $ trader for Q2, with nearly all of her other trading activity coming from Municipal Bond sales & purchases. Suzan DelBene is estimated to have the 9th highest Net Worth in Congress with ~$80M.
+
+****************************
+
+Largest Net Sellers:
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/s1bidembtj971.jpg?width=220&format=pjpg&auto=webp&s=b3ec9a081010fdc6514d559a8aab97904796216c)](https://preview.redd.it/s1bidembtj971.jpg?width=220&format=pjpg&auto=webp&s=b3ec9a081010fdc6514d559a8aab97904796216c)
+
+Sara Jacobs, January 2021 'My trusts are cashing out'
+
+1) Sara Jacobs (freshman Rep from California, youngest California Rep at age 32, granddaughter of Qualcomm founder billionaire Irwin Jacobs), disclosed on 5/28/21 sold 40 different stocks, all on 4/9/21, for $1.1M to $1.4M (via three separate Trusts, all smaller sales, no single one for >$50k)... no other sales or purchases in Q2.
+
+On 7/2/21, Sara disclosed she sold 10 different California Municipal Bonds for $1M-$2.5M on 5/3/21.
+
+I wonder what's going on in Sara's world where her Trusts seem to be selling everything....
+
+2) Scott Franklin, sold $1M-$5M NET, single sale. See above.
+
+3) Suzan Delbene, sold >$500k NET, single sale. See above.
+
+****************************
+
+Largest Net Buyers:
+
+1) Nancy Pelosi, >$3M. See above.
+
+2) Patrick Fallon, >$1.9M (estimated based on the Minimums Only of each range! Because he has so much activity in both direction and sizes, Patrick Fallon could have actually been a NET SELLER). See above.
+
+[![r/Superstonk - Q2 US House Stock Trading Activity Highlights (51 members had >$32M activity) 👀👀👀](https://preview.redd.it/8fgitbbstj971.jpg?width=220&format=pjpg&auto=webp&s=455a2abb7ffeb15dd97f6e552095a0a4ba198b77)](https://preview.redd.it/8fgitbbstj971.jpg?width=220&format=pjpg&auto=webp&s=455a2abb7ffeb15dd97f6e552095a0a4ba198b77)
+
+Kevin Hern, January 2019 'He's McLoving this bull market'
+
+3) Kevin Hern (2018 Rep from Oklahoma -- former Ph.D. astronautical engineering now owns 18 McDonald's in Tusla area), bought $1.8M-$4.0M across 41 transactions almost exclusively on 6/15/21 (with an additional $75k bought on 4/9), with no sales in Q2. Kevin Hern's most notable purchase was ADBE $250k-$500k which is +21% since he bought on 5/20/21. Kevin Hern was the 4th highest $ trader in Q2 with >$1.8M.
+
+*SOURCES:*
+
+*Data above is from Periodic Transaction Reports (PTRs** as required by the "Ethics in Government Act of 1978" (passed in the wake of the Nixon Watergate scandal:)* [*https://en.wikipedia.org/wiki/Ethics_in_Government_Act*](https://en.wikipedia.org/wiki/Ethics_in_Government_Act)*)*
+
+[*https://disclosures-clerk.house.gov/PublicDisclosure/FinancialDisclosure*](https://disclosures-clerk.house.gov/PublicDisclosure/FinancialDisclosure)
+
+[*https://www.quiverquant.com/sources/housetrading*](https://www.quiverquant.com/sources/housetrading)
+
+*(each Rep's wikipedia page**)*
+
+[*https://www.opensecrets.org/personal-finances/top-net-worth*](https://www.opensecrets.org/personal-finances/top-net-worth)

Managing-Wealth/2021-04-11-The-Broker-Preparation-Guide.md

@@ -0,0 +1,91 @@
+The Broker Preparation Guide
+============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/socrates6210](https://www.reddit.com/user/socrates6210/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/?utm_medium=android_app&utm_source=share) | 
+
+---
+
+
+[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 - The Broker Preparation Guide](https://preview.redd.it/glaygp8cfls61.jpg?width=612&format=pjpg&auto=webp&s=d3af7f72c3be06af8b4a2076b44ed083be172e6a)](https://preview.redd.it/glaygp8cfls61.jpg?width=612&format=pjpg&auto=webp&s=d3af7f72c3be06af8b4a2076b44ed083be172e6a)
+
+Following my last post titled [The MOASS Preparation Guide](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/) I noticed there was a lot of questions around which broker to use. I have taken the time to thrawl through the internet and find out the important questions about popular brokers.
+
+Here are the things that you need to be cautious of:
+
+-   Did they block trading during the January mini-squeeze?
+
+    -   No saying if they will or wont do it again, just some transparency on what to expect should there be a lot of price action again.
+
+-   Who is their clearing firm?
+
+    -   Apex Clearing seems to be at the centre of most of the buy restrictions in January. However, they didn't restrict selling.
+
+-   Do they lend your shares?
+
+    -   Make sure that you check and opt out of the share lending program of your broker.
+
+-   Do they use CFDs?
+
+    -   If you buy a [Contract-for-difference](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp) you are not buying the actual stock, and hold no rights as a shareholder.
+
+What should you do with this information? Not financial advise, but:
+
+-   If they are under Apex clearing i wouldn't wait until D-Day to start FOMO buying
+
+-   If they only offer CFD, then i would be buying shares on a different platform (diversify brokers)
+
+-   If they lend your shares i would contact them immediately to opt out of share lending, and switch from a margin to a cash account if possible.
+
+*using a phone? swipe left to see full table -->*
+
+| Broker | Broker Blocked buy (Jan) | Broker Blocked Sell (Jan) | Clearing House | CH Blocked Buy (Jan) | CH Blocked Sell (Jan) | Lends Shares | Is CFD? | Comments |
+| --- | --- | --- | --- | --- | --- | --- | --- | --- |
+| Ally | Yes | No | Apex Clearing | Yes | No | yes | No | You need to make a call to Ally to unenroll, customer service reported to be unresponsive |
+| BMO | No | No | The Clearing House Payments Company | No | No | yes | No |  they can loan your shares but only if you had a negative margin balance |
+| Capital.com | No | No | <https://capital.com/ice-definition> | No | No | No | Yes |  |
+| Citibank | No | No | ? | No | No | ? | ? |  |
+| Degiro | No | No | ? | No | No | No | No | They limit sell orders at +20% of market price, Lending only not enabled on custody account |
+| Disnat | No | No | ? | No | No | ? | ? |  |
+| E*Trade | Yes | No | E*TRADE Clearing LLC | No | No | Yes | No | Will loan your shares on a margin account. |
+| Etoro | Yes | No | ? | No | No | No | Only with leverage/shorts | Added a sneaky stop loss that closed many peoples positions, faced convenient outages |
+| Fidelity | No | No | National Financial Services, LLC | No | No | No | No |  |
+| First Trade | Yes | No | Apex Clearing | Yes | No | Yes (assumed) | ? |  |
+| Freetrade | Yes | Yes | Barclays (unconfirmed) | yes | Yes | No | No | Prevents trading of US Stock |
+| FutureAdvisor | ? | ? | National Financial Services, LLC | Unknown | Unknown | No (assumed) | No | Owned by BlackRock |
+| Hargreaves lansdown | Yes | ? | <https://www.hl.co.uk/security-centre/how-safe-is-your-investment> | Unknown | Unknown | No | No | Cut off buying and supposedly prevented limit orders during the January. |
+| HSBC Invest Direct | No | No | <https://www.gbm.hsbc.com/solutions/markets/derivatives-clearing-services> | No | No | Yes | No | Loans shares on margin account |
+| IG Brokers | Yes | No | Euroclear | Unknown | Unknown | No | Yes | Assumed that it doesn't lend shares. |
+| Interactive Brokers | Yes | No | Self-Clearing | Yes | No | Yes | No | increased margin requirements, Blocked clearing for T212, Lend your shares under the Stock Yield Enhancement Program |
+| M1 Finance | Yes | No | Apex Clearing | Yes | No | Yes | No | email <support@m1finance.com> to opt out of share loaning. |
+| Merrill Edge/Lynch | Yes | No | Self-Clearing | Yes | No | Yes | No | Contact customer service to check if you're opted in |
+| Nordnet | No | No | Euronext | No | No | Yes | No | If you have a "investment account Zero / IKZ", you have to OPT-OUT |
+| Plus500 | No | No | ? | No | No | No | Yes | No longer lists GME to buy, CFD Only |
+| Public.com | Yes | No | Apex Clearing | Yes | No | yes | ? | fully paid securities lending turn on by default, need to contact customer service. |
+| Qtrade | No | No | ? | No | No | No | Yes | Set marginrequirements to 100%, Set 1500 sell limit |
+| Questrade | No | No | self-clearing | No | No | No | No | Need margin account for underlying asset, but they add your shares to the lending pool. |
+| RBC | No | No | RBC Clearing & Custody | No | No | yes | No | access to RBC Direct Investing had been temporarily unavailable, according to [u/youngpenrose](https://www.reddit.com/u/youngpenrose/) they lend shares. |
+| Revolut | Yes | No | DriveWealth LCC | Yes | No | No | No | Blames DriveWealth LCC |
+| RobinHood | Yes | No | Clearing by Robinhood  | Yes | No | Yes | No | Need to change to cash account, DON'T USE ROBINHOOD |
+| Schwab | No | No | Charles Schwab Clearing Services | No | No | Yes | No | Margin Requirements were increased, need to opt out of share lending program. |
+| SoFi Invest | No | No | Apex Clearing | No | No | Yes | Yes |  |
+| Stake | Yes | No | DriveWealth | Yes | No | ? | No | Blamed DriveWealth, said restrictions not their decision; make sure you opt out of lending. |
+| Stash | Yes | No | Apex Clearing | Yes | No | Yes | ? | Make sure to opt out of lending. |
+| TastyWorks | Yes | No | Apex Clearing | yes | No | Yes | No | Need to fill out form to request no lending of shares. |
+| TD Armitrade | Yes (for margin) | No | TD Ameritrade Clearing, Inc (self-clearing) | No | No | No | Yes | Didn't restrict the purchase of stocks with cash. |
+| Trade Republic | Yes | No | HSBC Trinkaus & Burkhardt AG | Unknown | Unknown | Yes | ? | [u/SWFninjatomm](https://www.reddit.com/u/SWFninjatomm/) - "sell Limitation of $999999 per Trade " |
+| Trading212 Invest | Yes | Yes | Interactive Brokers | yes | No | Yes | No | Blames Interactive Brokers for Trade Execution Delay; Can't opt out of lending on Invest. |
+| Vanguard | No | No | Vanguard Brokerage Services | No | No | No | No |  |
+| Wealth Simple | No | No | Apex Clearing | Yes | No | No | No |  |
+| WeBull | Yes | No | Apex Clearing | Yes | No | Yes | Yes | Can opt out in your settings for share lending. |
+| Wells Fargo | No | No | Wells Fargo Clearing Services, LLC | No | No | ? | Yes |  |
+| You Invest (JP/Chase) | No | No | J.P. Morgan Clearing Corp (assumed) | No | No | No | No |  |
+
+Note: this list may not be 100% accurate, this was all the information i could find online. Some information I couldn't find easily. If there is any additional brokers you want to see on here, or you see any misinformation please tag me and I will update. this isn't financial advice, do what ever you like with this information.
+
+TLDR: Check your broker to make sure you don't get left behind when the MOASS happens 🚀Also, if you haven't already, i suggest you [make sure you are prepared](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/)
+
+-socrates ( ͡° ͜ʖ ͡°)

NFT/2021-06-29-GME-NFT-Scamcoins-a-Retroactive-Analysis-on-how-to-Prevent-Getting-Scammed.md

@@ -0,0 +1,170 @@
+GME NFT Scamcoins, a Retroactive on yesterday events.
+=====================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Lucent_Sable](https://www.reddit.com/user/Lucent_Sable/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa1bl7/gme_nft_scamcoins_a_retroactive_on_yesterday/) | 
+
+---
+
+[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 Apes!
+
+After yesterdays event where a user ended up purchasing a scam coin, I thought I would quickly write up a DD on how scamcoins commonly target uninformed GME investors.
+
+This is my first attempt at writing anything that looks like a DD, and I will be focusing on a retroactive of the event and some things that you can look out for to prevent becoming a victim of these scamcoins.
+
+If you think you are immune to being scammed, there is some interesting information on how easy it is to fool people on the internet [here](https://www.youtube.com/watch?v=dQw4w9WgXcQ).
+
+Please let me know if there is anywhere where I can add more context or information, and especially if I got anything wrong, or was unclear. I will be periodically updating this post with information from the comments to make it a better resource.
+
+1\. The anatomy of a scam
+
+Any scam has three core components.
+
+1.  Get the targets trust
+
+2.  Convince the target to give you their money
+
+3.  Get away before the target realizes they have been scammed.
+
+I will be covering these steps by giving examples from some common scams. I will then proceed to outline how I believe these steps happen in the new GME scamcoins.
+
+-   [Three-card Monte](https://en.wikipedia.org/wiki/Three-card_Monte)
+
+-   A confidence scam where shills conspire with a scammer to convince a target that they can win money in a street game.
+
+-   [Forex Scam](https://www.investopedia.com/articles/forex/09/spot-a-forex-scam.asp)
+
+-   A scam where a "professional trader" has some "special formula" that they can use to invest your money in foreign exchange markets.
+
+-   [Tech support scam](https://en.wikipedia.org/wiki/Technical_support_scam)
+
+-   A scammer calls a target and convinces them that there is a problem with their computer, which can only be fixed with their special antivirus software. The scammer will often request remote access to the targets computer, and may even request access to the targets bank account.
+
+-   [Romance Scam](https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/romance-scams)
+
+-   The scammer pretends to be romantically interested in the target.
+
+1.1 Trust
+
+The first task of any scammer is to gain the targets trust. The target needs to believe that the scammer can provide something they want.
+
+Three-card Monte
+
+In this scam, the target wants to win a bet against the scammer in order to increase the amount of cash they have. The scammer gains trust by having shills publicly lose to them in the three-card Monte game, building the illusion that the target has a realistic chance of winning.
+
+Forex Scam
+
+In this scam, the target wants to earn passive income via investing. The scammer gains trust by showing the target some of the gains their trading platform or software is capable of. This is usually done through some form of internet communication, such as email or direct-messages on social media. Fabricated screenshots may be used to increase the perceived legitimacy of the scammer.
+
+Tech support scam
+
+The scammer pretends to be a representative of a well known company such as Microsoft or Amazon. They rely on the target trusting the reputations of large companies whose names they recognize, and the scammer may add a sense of urgency to the scam which can further impair the targets judgement.
+
+Romance Scam
+
+This is one of the more vile scams. The scammer builds the targets trust by pretending to be romantically interested in the target. The goal is to make the target believe that they have a genuine relationship with the scammer, and who doesn't trust the person they are in a relationship with!
+
+1.2 Extracting the targets money
+
+The second step, once the target trusts the scammer is to convince the target to give the scammer money.
+
+Three-card Monte
+
+This one is fairly obvious. The target puts forward money in a bet on the game, not knowing that the game is rigged and they cannot win. The scammer or shill may encourage the target to keep trying, as they "Just got unlucky". At this point the scam relies on the target believing that they can still make their money back, while they lose more and more.
+
+Forex Scam
+
+The scammer request access to the targets trading account, or requests that the target send them some money to get started. If the target is still hesitant, the scammer may request a smaller amount, and then provides some fake return on investment to further build the targets trust. The scammer will keep demanding higher deposits while promising that the system is working, until the target catches on.
+
+Tech support scam
+
+The scammer requests remote access to the targets computer, often under the guise of running diagnostics. Once they have "run their diagnostics", they will try to sell some overpriced antivirus software. To extract further money from the target, the scammer may call back at a later date, and either try to get the target to pay for a renewal, or offer a "refund" which they "over-pay", and then have the target send the difference back to them. Often the scammer edits HTML on the targets bank page, or has the transaction reversed before the target sends them the difference back.
+
+Romance scam
+
+The scammer contacts the target, who believes they are in a long distance relationship with the scammer. The scammer will tell the target that they have run into legal trouble, and need some money sent to them to cover bail or a lawyers fee. Other iterations of the scam may request money for fuel, gifts, medical bills, car repairs, or anything else you can imagine. The requests keep coming in as long as the target believes that the relationship is genuine. During this process the scammer will encourage the target to take out loans and max out credit cards, even borrow money from friends and family.
+
+1.3 The Getaway
+
+The final part of the scam is getting away without the target knowing they have been scammed, or not being able to do anything about it.
+
+Three-card Monte
+
+The target eventually realizes that they are not going to win, or runs out of cash. The scammer and shill may pack up the game in a hurry and run if the target is angry or indicates they may make trouble, otherwise they will just convince the target that they got unlucky. This scam is often targeted toward tourists, as this prevents targets coming to personally recognize the scammers.
+
+Forex and tech support
+
+The scammer will stop responding to the target, and will launder the money any number of ways. The target never actually knew the real identity of the scammer, and was most likely paying money into a stolen or foreign (or both) bank account.
+
+Romance Scam
+
+If the scammer is called out on their scam, they will often start gaslighting their target. Often, due to the nature of the relationship in the scam, the target will not believe that they are being scammed, even when provided with otherwise irrefutable evidence. If they do eventually catch on, the scammer often has the same anonymity as in the Forex and Tech support scams. The target doesn't know the scammers real identity and has little to no recourse to get their money back.
+
+2\. The GME NFT Scam
+
+At this point you are probably thinking: That's interesting Lucent_Sable, but what does it have to do with GME?
+
+2.1 History of GME NFT
+
+Apes recently discovered that Gamestop is working on something to do with Etherium NFT tokens. This was found through an official Gamestop website: [nft.gamestop.com](https://nft.gamestop.com/). This is our root of trust, we know that this is officially Gamestop, as it is on the Gamestop.com domain.
+
+On this website, there is an Etherium address: 0x13374200c29C757FDCc72F15Da98fb94f286d71e.
+
+Apes looked into this address on [etherscan](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e), and found the contract for a GME coin. We know that we can trust this contract at this specific address, because it is on the official Gamestop web-site.
+
+A screenshot of the etherscan page is available [here](https://i.imgur.com/u2Pvega.png).
+
+In the screenshot, the areas outlined in Green are things that we can trust as directly describing the contract and the creator of the contract. Areas outlined in Red are things that anyone can influence by interacting with the contract, we cannot trust the information in these as they are influenced by public activity. The area in black is an information block, related to what is selected.
+
+From the information on this page that we can trust, we can determine the following
+
+1.  The contract was created by another contract: 0xce0042B868300000d44A59004Da54A005ffdcf9f
+
+2.  The contract describes a token called Gamestop (GME)
+
+3.  The code of the contract, which has been analysed by apes for important information
+
+These are the facts about the contract that we know we can trust. [u/teacoat___](https://www.reddit.com/u/teacoat___/) consolidated this information in their [DD here](https://www.reddit.com/r/Superstonk/comments/nl0lk1/gme_token_info/).
+
+Now that we have established what we know, on to the scam...
+
+2.2 The scam
+
+Yesterday, [u/samyall](https://www.reddit.com/u/samyall/) noticed a transaction involving the GME contract, in [this thread](https://www.reddit.com/r/Superstonk/comments/o9967o/gme_just_transferred_42069_gmetoken_to_itself_on/?utm_medium=android_app&utm_source=share).
+
+Let me be very clear: I am not accusing samyall of anything, and believe that they were deceived by the scammers.
+
+Image for following discussion [here](https://i.imgur.com/cZHRbfI.png).
+
+2.2.1 Building trust
+
+The information provided in samyalls post shows information on the "Erc20 Token Txns" tab. If a user is unfamiliar with what this is, they may incorrectly assume that the information in this tab is from Gamestop, as it is on the page for the official gamestop token. We know that this is not true and that anyone can send tokens to the contract address without Gamestop approving the transaction.
+
+Second, we can look at the address that sent this scamcoin to the official Gamestop contract. The address of this scammer is\
+0x133742073133c9aecdEC3a87e475C2945f23D6C0\
+which at first glance is very similar to the contract address\
+0x13374200c29C757FDCc72F15Da98fb94f286d71e\
+I believe that this address was specifically crafted to further build trust. The most recognisable first digits of the contract address and the scammers address (0x1337420) match, and many users would not look much further than that.
+
+Third, we look at the name of the token that the scammer sent to Gamestop. This scamcoin is called "GameStop (GME)", which is very similar to the official token name "Gamestop (GME)".
+
+Finally, we can look at the etherscan profile of the scammer address (image [here](https://i.imgur.com/yiRkV5U.png)) This shows that the scammer created 69,420,000 tokens. This is both similar to the number of outstanding shares ~70 Million, and a funny internet number (69 & 420 are in it). This further builds legitimacy as it is similar to what we would expect to see, and plays to our biases.
+
+2.2.2 Extracting money
+
+The scammer had convinced at least one member of our community ([u/shroommyBoom](https://www.reddit.com/u/shroommyBoom/)) was convinced by this scam coin, and lost about $30, in this [post](https://old.reddit.com/r/Superstonk/comments/o99ms3/stay_calm_but_i_think_the_nft_is_now_available_to/). As you can see, the extraction of money from this scam is very easy, as all you have to do is convince the target that they want to purchase your scamcoin.
+
+2.2.3 The Getaway
+
+In this instance, the getaway is simple, as crypto provides both anonymity and irreversibility, so the scammer can simply disappear without anyone ever having known their identity.
+
+3\. Key Takeaways (TLDR)
+
+Be careful when interprating information about the Gamestop NFT, make sure that you can verify that you trust the source of the information. Just because the information is on the official contracts Etherscan page, doesn't mean the information is endorced by Gamestop.
+
+At least one member of the community has been scammed by this scammer, and lost a small amount of money.
+
+Scammers will try many tricks to get you to trust them, and separate you from your money. Don't fall for it, and if in doubt use the four-hour rule. Post on superstonk and give about 4 hours for other members of the community to analyze and sniff out anything suspicious. Remeber, nothing is urgent around here.

NFT/2021-07-06-Deep-Dive-into-NFT-Gamestop-Website.md

@@ -0,0 +1,144 @@
+A Deep Dive into nft.gamestop.com
+=================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/schismsaints](https://www.reddit.com/user/schismsaints/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/) | 
+
+---
+
+[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)
+
+To start, PLEASE take a look at the graphic as it shows the relationships between the GME tokens a lot more clearly than I've seen anywhere else so far - [GitHub - schismsaints/GME_NFT](https://github.com/schismsaints/GME_NFT)
+
+Like many, I was intrigued when I heard about GameStop dabbling in NFT - first, through the [job postings](https://finance.yahoo.com/news/gamestop-hiring-blockchain-analyst-specializing-075700175.html), then with [nft.gamestop.com](https://nft.gamestop.com/). I did a [brief dive into some of the smart contract details](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/gzgpytb/?context=3) back when it initially came out but recently have gone much further down the rabbit hole.
+
+I'll summarize some of the juicier bits and provide some speculation as to what it could mean as well as some resources to familiarize yourself with some of the details of blockchain, smart contracts, and tokens, but I have put together a [larger graphic](https://github.com/schismsaints/GME_NFT) in PNG/PDF/SVG formats visualizing some of the connections a little better (fair warning, I'm an engineer not an artist). I recommend loading it in a full web browser on as large of a monitor as possible. You'll understand why when you see it.
+
+First, a few key terms/concepts.
+
+Blockchain: In very simplistic terms, think of the blockchain as a ledger/record keeping system where each 'block' is a record and linked to the previous and next blocks in a chain. The process of adding a new 'block' involves computing and verifying prior information in the chain to ensure that nothing has been tampered with and that the full history of the chain is intact.
+
+[Blockchain Definition: What You Need to Know (investopedia.com)](https://www.investopedia.com/terms/b/blockchain.asp)
+
+Fungible: "being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account " (src: dictionary.com)
+
+Token: This is probably the part most people understand, though there are some nuances. There are two types of tokens and a number of differing implementation standards.
+
+-   Fungible Token - ERC-20: A token that is one of a pool of identical tokens. They can be split, transferred, or exchanged and are commonly used as currencies. Most established mainstream or alt- coins fall into this category.
+
+    -   [Cryptocurrency Definition (investopedia.com)](https://www.investopedia.com/terms/c/cryptocurrency.asp)
+
+-   Non-Fungible Token (NFT) - ERC-721/ERC-1155: A non-fungible token is a unique entity on the blockchain. There are no others exactly like it, and it has its own record of ownership, attributes/metadata, and cannot be substituted for another token identically. [CryptoKitties](https://www.cryptokitties.co/) is one of the most popular examples as they basically pioneered the ERC-721 standard. NFT artwork is another recently popularized example of this.
+
+    -   [Non-Fungible Token Definition: Understanding NFTs (investopedia.com)](https://www.investopedia.com/non-fungible-tokens-nft-5115211)
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/hj74bjb47n971.png?width=300&format=png&auto=webp&s=b8fcbbce01a45c57fc93680483f9519a470ef057)](https://preview.redd.it/hj74bjb47n971.png?width=300&format=png&auto=webp&s=b8fcbbce01a45c57fc93680483f9519a470ef057)
+
+Non-Fungible Kitties!
+
+Smart Contract: A smart contract is a way to automate 'stuff'. That 'stuff' can be any number of tasks but some of the most common ones include creating (minting) or destroying (burning) tokens from an available pool. This can be fungible or non-fungible tokens (or, in the case of ERC-1155, both/either).
+
+[Smart Contracts Definition (investopedia.com)](https://www.investopedia.com/terms/s/smart-contracts.asp)
+
+The GME NFT story started in earnest with GameOn Anon, the smart contract address posted at [nft.gamestop.com](https://nft.gamestop.com/)
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/x352qjj57n971.png?width=268&format=png&auto=webp&s=2c0d1ab1a3a208cd3b86a9dc799603a52463edd0)](https://preview.redd.it/x352qjj57n971.png?width=268&format=png&auto=webp&s=2c0d1ab1a3a208cd3b86a9dc799603a52463edd0)
+
+Power to the Players
+
+[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e)
+
+There are a lot of interesting threads from the smart contract, the most well known of which is the "launchDate" variable which equals 04:20 PDT 7/14/21 (come on, that can't *not* be intentional).
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/bja10vi67n971.png?width=633&format=png&auto=webp&s=a2cb5526b08222b15f4cfb9b8284c5faac57585d)](https://preview.redd.it/bja10vi67n971.png?width=633&format=png&auto=webp&s=a2cb5526b08222b15f4cfb9b8284c5faac57585d)
+
+The [owner](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) of the smart contract is also interesting.
+
+It owns the only GME ERC-721 token, 420.69 of the GME ERC-20 token, an E t h e r e u m Name Service record ([gamestopnft](https://etherscan.io/token/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory)), and the 1337 [email signature](https://etherscan.io/token/0xc9ff785a33f2000652d0336e476a06ccd909317a?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory) prefix used for several blockchain constructs.
+
+It also received 0.00001337 E t h e r on 5/25/21 from andrwyng (wut doing Andrew Yang??)
+
+Edit: Not actually Yang - <https://mobile.twitter.com/andrwyng?lang=en> - thanks [/u/No-Information-6100](https://www.reddit.com/u/No-Information-6100/)
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/hprlbkr77n971.png?width=759&format=png&auto=webp&s=efef7ea335484ab1cef7f0e86fce04a2602f48f3)](https://preview.redd.it/hprlbkr77n971.png?width=759&format=png&auto=webp&s=efef7ea335484ab1cef7f0e86fce04a2602f48f3)
+
+False alarm, but had me very intrigued when I saw it initially.
+
+There are three GameStop specific tokens they appear to be working with, along with a number (>20) altcoins and other tokens.
+
+-   [GME Coin (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) - Qty 12,000,000
+
+    -   Possible online store/digital currency? Would be interesting if it functioned similar to a [stablecoin](https://www.investopedia.com/terms/s/stablecoin.asp) pinned to the dollar
+
+-   [GameStop (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) - Qty 69,420,000
+
+    -   They moved a large amount of this (>50%) to [Uniswap](https://en.wikipedia.org/wiki/Uniswap) which in layman's terms can be considered as kind of an escrow/holding/forex account but in the crypto realm. Quite a few have been distributed from here to over 60 different destination addresses.
+
+    -   Yahoo! Finance lists the 'Implied Shares Outstanding' for GME as 69.38M, which is preeeeeetty close to the 69.42M tokens minted here. Could this be used as a shareholder dividend, potentially exchangeable between GameStop and GME Coin/USD?
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/qm9w71ba7n971.png?width=336&format=png&auto=webp&s=8d3b8613f980d06adf1f2a7eca4bcfe792081704)](https://preview.redd.it/qm9w71ba7n971.png?width=336&format=png&auto=webp&s=8d3b8613f980d06adf1f2a7eca4bcfe792081704)
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/0jexo0qa7n971.png?width=1334&format=png&auto=webp&s=6f5ab609573617f84a25e54a5df67ff3a7a295cd)](https://preview.redd.it/0jexo0qa7n971.png?width=1334&format=png&auto=webp&s=6f5ab609573617f84a25e54a5df67ff3a7a295cd)
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/yppy9h3b7n971.png?width=1347&format=png&auto=webp&s=fdeece7225eafafb264cfc3a3beb0e0e458a0573)](https://preview.redd.it/yppy9h3b7n971.png?width=1347&format=png&auto=webp&s=fdeece7225eafafb264cfc3a3beb0e0e458a0573)
+
+-   [Gamestop (ERC-721)](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) - Qty 1
+
+    -   There is only one of these in existence at this point with no clear use for it yet, but there are some interesting possibilities I've considered such as blockchain-based share tracking (i.e. each NFT would have a 'share # X' value on it) or as a shareholder ID token ('shareholder # X'). This one has the least clear forward looking use case at this point for me.
+
+Possible Business Uses
+
+-   In-store currency - GME Coin can be used as an in-store currency/reward system
+
+-   Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies.
+
+-   NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms.
+
+-   Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain
+
+-   In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty
+
+Possible Shareholder Uses
+
+-   Shareholder record keeping - have a token proving your status as a shareholder
+
+-   Share/securities record keeping - similar, but for shares. Kind of a stretch but could be a proof of concept for blockchain based trading
+
+-   Crypto Dividend - Provide GameStop (ERC-20) tokens, even fractional ones, as a shareholder dividend. Allow conversion to USD or GMECoin/USD to cash out. Provide a way to purchase or 'auction' GameStop tokens and you now have a shareholder perk with monetary value that could appreciate over time.
+
+Here's the PDF of the chart/diagram I put together, the github link also has PNG and SVG versions of the image.
+
+[GME_NFT/GME_NFT.pdf at main - schismsaints/GME_NFT - GitHub](https://github.com/schismsaints/GME_NFT/blob/main/GME_NFT.pdf)
+
+TL:DR; GME doing crypto stuff. Lots of crypto stuff happening especially in the last week. Crypto stuff has lots of options, most of which will print money.
+
+[![r/Superstonk - A Deep Dive into nft.gamestop.com](https://preview.redd.it/m98p6jtc7n971.png?width=492&format=png&auto=webp&s=28d229a20045e33ea3b43ab8b8557830a0970a25)](https://preview.redd.it/m98p6jtc7n971.png?width=492&format=png&auto=webp&s=28d229a20045e33ea3b43ab8b8557830a0970a25)
+
+I like money
+
+Edit: to answer a good point brought up by [/u/haydonny1](https://www.reddit.com/u/haydonny1/) in the previous thread before I screwed it up with this edit :( - the alt coins could be sent by any random source and aren't concrete proof of anything. I still maintain that the three GME tokens are legitimate and all have ties back to the original Smart Contract either one or two levels removed. I haven't investigated the altcoin sources enough to be able to say whether or not they're being worked on by GME at this point.
+
+0x13374200c29C757FDCc72F15Da98fb94f286d71e
+
+-   Is the address posted on [nft.gamestop.com](https://nft.gamestop.com/)
+
+-   Owns 69,420.69 GameStop ERC-20 tokens
+
+-   Owns 2,000,000 GME Coin ERC-20 tokens
+
+0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad
+
+-   Is the Smart Contract address listed in the source code of the [nft.gamestop.com](https://nft.gamestop.com/) smart contract.
+
+-   Holds 1 Gamestop ERC-721 token
+
+-   Holds 420.69 GameStop ERC-20 tokens
+
+-   Holds gamestopnft.e t h and 1337 ERC-721 tokens
+
+Double Edit: I'm seeing a lot of debate about the ERC-20 GameStop token and whether it's related to a scam site (game-coin or something, I think it's been pulled down and I can't find an archive now). At this point after digging multiple levels deep, I'm seeing a lot of conflicting information in the transaction logs and Uniswap destinations and I can't definitively say whether it's a scam or legit. I'm working on updating the graphic and will include a disclaimer, though I do still want to keep it in the picture until we can definitively rule it in or out.
+
+Big thanks to [/u/HandyBananaMan](https://www.reddit.com/u/HandyBananaMan/), [/u/Peteszahh](https://www.reddit.com/u/Peteszahh/), [/u/EngineeringDude2017](https://www.reddit.com/u/EngineeringDude2017/) and others for their discussion and links to other resources. I have more work to do.
+
+I'd hope it should go without saying, but don't buy a GME token on something that's not a GME app :)

README.md

@@ -16,8 +16,21 @@ This repository of GME-related content and relevant information serves two prima
 
 > Please note most if not all of this content is not my own. All authors and sources are linked at the top of each file, and I encourage you to read the content via the source. There are a lot of intelligent apes who spent copious amounts of time doing their research and deserve your upvote!
 
-## How to Help
-Can't find content in wikAPEdia that you think should be archived? Don't hesitate to reach out to me on [Reddit](https://www.reddit.com/user/Meticulous-)!
+---
+
+## Key Features
+
+### Search by Title 
+![search-by-title](https://user-images.githubusercontent.com/82035192/124510826-a6ee2f00-dda2-11eb-9d9b-d06f7733ebf1.gif)
+
+### Search by Date
+![search-by-date](https://user-images.githubusercontent.com/82035192/124510767-8de57e00-dda2-11eb-8464-58e6128f2708.gif)
+
+### Browse by Theme
+![browse-by-theme](https://user-images.githubusercontent.com/82035192/124510793-9a69d680-dda2-11eb-8357-c138029d03d8.png)
+
+### Save a Copy for Yourself
+![download-copy](https://user-images.githubusercontent.com/82035192/124511221-9db19200-dda3-11eb-9527-75418d9429f3.gif)
 
 ---
 
@@ -34,12 +47,13 @@ Can't find content in wikAPEdia that you think should be archived? Don't hesitat
 | DD | Go/No Go Launch Checklist | [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/) |
 | DD | Demystifying the Feds ON-RRP | [u/jsmar18](https://www.reddit.com/user/jsmar18/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oaw2ls/demystify_the_feds_onrrp_operations_why_do_we/) |
 | DD | MOASS Preparation Guide 2.0 | [u/socrates6210](https://www.reddit.com/user/socrates6210/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oakqvt/the_moass_preparation_guide_20/) |
+| Regulations | TLDR of Regulations Update | [u/stevetheimpact](https://www.reddit.com/user/stevetheimpact/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o5mhie/tldr_regulations_edition_updated_20210622_to/)
 
 _Check out the [Must-Read](https://github.com/verymeticulous/wikAPEdia/tree/main/Must-Read) section for more important DD_
 
 ---
 
-## Some People to Look Out For by [u/zedinstead](https://www.reddit.com/u/zedinstead/)
+## 🦍 Some People to Look Out For by [u/zedinstead](https://www.reddit.com/u/zedinstead/) 🦍
 
 ![image](https://user-images.githubusercontent.com/82035192/124322077-d3107280-db4c-11eb-84c1-6534161b4db7.png)
 *Banner created by [GameStop](https://twitter.com/GameStop?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor)*
@@ -106,6 +120,9 @@ Quant guy 2 - [u/myplayprofile](https://www.reddit.com/u/myplayprofile/)
 
 ---
 
+## 🆘 How to Help 🆘
+Can't find content in wikAPEdia that you think should be archived? Don't hesitate to reach out to me on [Reddit](https://www.reddit.com/user/Meticulous-)!
+
 ### Buy, Hodl, ~~Vote~~ 💎🙌
 
 ![image](https://user-images.githubusercontent.com/82035192/122643702-5c508f80-d0df-11eb-80a8-c1d5eadc56f8.png)

Regulations/TLDR-of-Regulations/2021-06-22-TLDR-of-Regulations-Update.md

@@ -0,0 +1,14 @@
+TL;DR: Regulations Edition [Updated 2021-06-22 to include the approval of SR-NSCC-2021-002]
+===========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/stevetheimpact](https://www.reddit.com/user/stevetheimpact/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o5mhie/tldr_regulations_edition_updated_20210622_to/) | 
+
+---
+
+[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)
+
+![Color](https://user-images.githubusercontent.com/82035192/124749584-6c93a780-def2-11eb-836e-6d145c6a8b2b.png)
+
+![B&W](https://user-images.githubusercontent.com/82035192/124749614-761d0f80-def2-11eb-954b-2a825b37776b.png)

Technical-Analysis/2021-07-01-Elliot-Waves-and-the-Top-of-the-Market.md

@@ -0,0 +1,78 @@
+Elliott Waves and The Top Of The Market, Is This THE TOP?
+=========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/possibly6](https://www.reddit.com/user/possibly6/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obn6rx/elliott_waves_and_the_top_of_the_market_is_this/?utm_source=share&utm_medium=web2x&context=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)
+
+Sup Apes
+
+not financial advice
+
+super brief post, I've received so many pings this AM I wanted to address it in a formal post.
+
+the original post is here: <https://www.reddit.com/r/Superstonk/comments/o02fnr/elliot_waves_gme_the_sp_500_wen_market_peak_and/?utm_source=share&utm_medium=web2x&context=3>
+
+I've seen a lot of chatter regarding my post saying SPY would peak around 430, and I wanted to add a few more targets for your viewing pleasure.
+
+In that post, I believe I gave a target of around high 429, though there are multiple levels to watch out for. Remember, Elliott Wave gives us multiple targets, as we are analyzing many different time frames.
+
+Outlined for your convenience:
+
+[![r/Superstonk - Elliott Waves and The Top Of The Market, Is This THE TOP?](https://preview.redd.it/jhtm62381m871.png?width=2780&format=png&auto=webp&s=b0ccbc59d4550218f31d0ada2c8d8761200d336f)](https://preview.redd.it/jhtm62381m871.png?width=2780&format=png&auto=webp&s=b0ccbc59d4550218f31d0ada2c8d8761200d336f)
+
+1hr
+
+I'm gonna zoom out so you can see the super cycle 5 target, as I believe this to be the most valid/important level. I got this target by measure waves 1-3 and bringing the extension down to the low of 4 (covid flash crash).
+
+First level is the .618 level, next target being the .786.
+
+The .618 level was passed long ago, narrowing our top end super cycle target at 432.08 (blue line):
+
+[![r/Superstonk - Elliott Waves and The Top Of The Market, Is This THE TOP?](https://preview.redd.it/4o3ox7l42m871.png?width=2764&format=png&auto=webp&s=573f48c86294ac2066831fcda390b8e890b2893b)](https://preview.redd.it/4o3ox7l42m871.png?width=2764&format=png&auto=webp&s=573f48c86294ac2066831fcda390b8e890b2893b)
+
+super cycle from end of 08
+
+clearly, even though i have a shit ton of borderline aneurism inducing levels, it looks like we are running out of steam.
+
+Just for fun, I went and analyzed the grand super cycle of SPX, as the grand super cycle dates back to the low of the great depression (roaring twenties)
+
+super briefly, just look and take from the image what you will.
+
+[![r/Superstonk - Elliott Waves and The Top Of The Market, Is This THE TOP?](https://preview.redd.it/ewer0klg2m871.png?width=2788&format=png&auto=webp&s=0a3a3ed9d875ef9392951f7c990e7c448e877105)](https://preview.redd.it/ewer0klg2m871.png?width=2788&format=png&auto=webp&s=0a3a3ed9d875ef9392951f7c990e7c448e877105)
+
+monthly
+
+IDK about you, but me thinks the music is about to stop.
+
+in the first image, I provided a few targets as I am measure multiple different "cycles" if you will, all of which are point to a high around low to mid 430s.
+
+There is no "magic level" per se, but fibs are not wrong. They are nature in essence, the golden ratio is everywhere.
+
+After hitting our peak, my guess is around 432 should the peak not be today (nothing surprises me anymore) we begin our slow bleed. I do believe Gamestop among many other catalyst will cause a relatively harsh "A" wave if you will, on SPY it will likely drop to at least 345 before any significant buy pressure comes back, though this point would be the "B" wave. the fakeout. media will likely say the crash is over and its okay to buy. SPY won't dip that hard. come on. be realistic.
+
+LIES!
+
+I believe SPY will come back to at least 250, timeframe for this is really hard to gauge, but based on previous bear markets, I'd guess at least a 2 year bear market.
+
+Though we also haven't had an event quite like this before, so as to how long the bear market will ensue, that's anyone's guess.
+
+Given this is our Grand Super cycle completing from the low of the roaring twenties, it really is not crazy to think that we can (and likely will) correct 50% of that move.
+
+IE, it is TOTALLY POSSIBLE for SPX (not spy) to drop down to around 2200 before beginning to recover.
+
+[![r/Superstonk - Elliott Waves and The Top Of The Market, Is This THE TOP?](https://preview.redd.it/805vzcbw3m871.png?width=2758&format=png&auto=webp&s=feb08ec4cc03935410f6240a547d5bb245068243)](https://preview.redd.it/805vzcbw3m871.png?width=2758&format=png&auto=webp&s=feb08ec4cc03935410f6240a547d5bb245068243)
+
+SPX
+
+I'll leave you with this. I won't theorize too much on the events that will cause this, I believe everyone has a pretty solid idea of whats about to happen. I just want to lay out the technicals, and how I PERSONALLY believe this will play out. I can be 100% wrong as can anyone else.
+
+Be well.
+
+It's cynical, but I'm jacked.
+
+TLDR: market peak close, market will fall hard soon. Media will likely say crash is over at the "B" phase of the correction wherein we rebound a bit. Don't fall for it. GME go BOOM soon 🚀

Technical-Analysis/2021-07-01-GME-The-Powder-Keg-Ready-to-Explode.md

@@ -0,0 +1,91 @@
+GME: The Powder Keg Ready to Explode
+====================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/RocketTraveler](https://www.reddit.com/user/RocketTraveler/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obteg7/gme_the_powder_keg_ready_to_explode/) | 
+
+---
+
+
+[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)
+
+Hey all,
+
+GME is a massive powder keg about to explode. Curious? Read on to find out more...
+
+A very reliable technical indicator created by Rocky Outcrop is flashing a rare signal that cannot be ignored.
+
+Full credit goes to Rocky Outcrop and Trade Spotting for creating this custom DMI indicator and sharing it with the masses.
+
+TLDR
+
+-   The Directional Movement Index (DMI) started flashing a powder keg signal on June 29th. This signal has only flashed three other times in all of 2021
+
+-   The ignition source of the signal (the ADX line) is at it's fourth lowest point since 2018. The lower the ADX goes, the more certain we can be of a near-future run-up
+
+-   When the powder keg explodes, expect volatility and momentum to skyrocket
+
+DMI
+
+The Directional Movement Index (or DMI for short) is a technical indicator made up of three components:
+
+-   DI+: This shows the current momentum of positive price movement. This is shown in YELLOW on my charts below
+
+-   DI-: This shows the current momentum of negative price movement. This is shown in PINK on my charts below
+
+-   ADX (Average Directional Index): This shows the *strength* of the current price movement. This is shown in BLUE on my charts below (crossover points denoted in orange)
+
+The powder keg signal: When the DI+ and DI- lines converge (come together) AND the ADX line is simultaneously at a low point, the powder keg is lit. This is denoted by a gray background highlight on the charts below
+
+Without further ado, here are the charts:
+
+Current Price Action
+
+[![r/Superstonk - GME: The Powder Keg Ready to Explode](https://preview.redd.it/lklugrdlhn871.png?width=1032&format=png&auto=webp&s=4678d387e3ac1f692432e9117266407ce291cd1c)](https://preview.redd.it/lklugrdlhn871.png?width=1032&format=png&auto=webp&s=4678d387e3ac1f692432e9117266407ce291cd1c)
+
+Current Price Action. DMI Power Keg lit as of June 29th
+
+Above shows our current price action over the last 6 weeks. As we have been consolidating from June 9th, the DI+ and DI- lines have converged and the ADX is at an extreme low. Notice the powder keg signal flashing (light grey box) as of June 29th.
+
+Historical Price Action
+
+[![r/Superstonk - GME: The Powder Keg Ready to Explode](https://preview.redd.it/tsvvhn7mln871.png?width=1098&format=png&auto=webp&s=c88a922bbf50331713f897de4995ba44ac13a078)](https://preview.redd.it/tsvvhn7mln871.png?width=1098&format=png&auto=webp&s=c88a922bbf50331713f897de4995ba44ac13a078)
+
+Historical Price Action. Multiple Signals Flashing over 2021
+
+This is only the 4th time this entire year the DMI powder keg has been lit
+
+-   The first signal was flashed at the end of February roughly 1 week before our huge run-up from $40 to $350
+
+-   The second and third signals were flashed together roughly 2 weeks before our May run-up from $140 to $350
+
+-   The fourth signal just started flashing on June 29th. This would indicate a huge move up in the next 1-2 weeks. Run-up to commence from $200 to ???
+
+Bonus Chart
+
+[![r/Superstonk - GME: The Powder Keg Ready to Explode](https://preview.redd.it/m19pl7zxjn871.png?width=1538&format=png&auto=webp&s=56a9d0a9096ea3b1dd860b035d812d0c5455a879)](https://preview.redd.it/m19pl7zxjn871.png?width=1538&format=png&auto=webp&s=56a9d0a9096ea3b1dd860b035d812d0c5455a879)
+
+Historical ADX Data
+
+Bonus chart!
+
+The ADX is the fuse that ultimately ignites everything as it shows the current momentum has stalled and volatility is ready to pick back up again.
+
+Since 2018 the ADX has only ever been this low THREE OTHER TIMES. The most recent low point is happening right now! Historically speaking, GME is in a situation where it is ready to explode any day.
+
+Footnote
+
+For those who believe TA is invalid on GME and other SHF-manipulated stocks, I respect your opinion.
+
+My opinion? TA is not the holy grail by any means, but it is still valid on GME.
+
+Why? Because TA relies heavily on human patterns and emotions as they relate to stock prices. GME is no exception. There are still support and resistance levels like everything else.
+
+Yes there is no denying GME is heavily manipulated, but that doesn't change the larger philosophy TA is based on.
+
+Remember, TA is not a crystal ball but it does offer a glimpse into the most likely outcome.
+
+To each his/her own.
+
+*I am not a financial advisor and this is not financial advice*

Technical-Analysis/2021-07-06-Elliot-Waves-GME-Wen-the-Fuck-Moon.md

@@ -0,0 +1,132 @@
+Elliott Waves, GME, WEN THE F*CK MOON!? 🚀
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/possibly6](https://www.reddit.com/user/possibly6/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/of4zjh/elliott_waves_gme_wen_the_fck_moon/) | 
+
+---
+
+[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
+
+not financial advice in the slightest.
+
+Before I begin this analysis post, if you question the validity of fibonacci and Elliott Wave because it has proven to be "incorrect" you are approaching this topic with the wrong mindset. Fibonacci and EW are quite literally the "formula" to the stock market, but its much easier to understand than it is to implement.
+
+GET FUCKING HYPEEEE!!!!
+
+Obligatory crank: <https://www.youtube.com/watch?v=Phy75VJRObQ>
+
+Spotify link: <https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0>
+
+As always, I post intraday analysis on my [twitter](https://twitter.com/gavinmayreal) to provide updates on what I see, if you're interested in the snippets/BTS charting, you'll love it.
+
+In this post I am going to be going over mainly GME and touch on a few indices.
+
+First off, if you've been reading my posts for a while, you'd know I was on the lookout for the current trend to hold above 197 for my wave count to be correct. Friday and today we broke below this level, seeing a low of 193.71.
+
+Wut mean you ask?
+
+All this means is that the count I was analyzing on a smaller scale was invalidated, as we broke below the original supposed low target of 197.
+
+In lehman's terms, instead of a 3 within a 3 within a 3 within a 3, the updated trend will be a 1 within a 3 within a 3 within a 3.
+
+basically, nothing is changed.
+
+I am also very well aware that bad actors read my and other's analysis and act on it as an attempt to attack the validity of not only technical analysis but members of the sub that are looked up to for their analysis.
+
+To the shorts that do this, I say fuck you, pay me.
+
+I have happily added more shares under 200, that's a fucking steal if you ask me.
+
+Here's my updated chart factoring in today's low, simplified (I cleaned my shit up big time)
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/lq89qnsfqn971.png?width=2816&format=png&auto=webp&s=720f08ff3a540599c47662db4299584baef44abc)](https://preview.redd.it/lq89qnsfqn971.png?width=2816&format=png&auto=webp&s=720f08ff3a540599c47662db4299584baef44abc)
+
+Daily
+
+Note, the only targets changed from the recent downward pressure (white line/red annotation). All larger scale targets remain the same, the only way the latter would be invalidated is if we broke below 112.83 (yellow line target) and 38 (blue line target)
+
+The white (3rd largest degree) will go down proportionate to how much downside we have from hereon out. example, the 1.618:1 ideal wave 3 target factoring in today's low of 193 comes out to 567.66. If we drop to a low of 190 in the next few days before continuing up, then the updated 3 target would be 564.66.
+
+My biggest reason for writing this is to clear up some misconceptions I have heard regarding the wave structure.
+
+So idk about you, but I could care less about what happens in the short term. The overarching setup is (as always) screaming buy.
+
+However, in terms of my previous prediction of 197 being the low, this fell through as we broke below the smaller scale wave 1 low. Remember, for a motive (5 wave impulse) structure, wave 2 cannot retrace into the territory of your wave 1, otherwise you must redraw. There is NO exception for this rule.
+
+Before I continue with GME, I would like to shed more light on my [$SPY analysis ](https://www.reddit.com/r/Superstonk/comments/obn6rx/elliott_waves_and_the_top_of_the_market_is_this/?utm_source=share&utm_medium=web2x&context=3). I still hold my 432 top target, I just want to go a bit deeper in the analysis. I was considering making another youtube video so you could see how I analyze and draw targets, but I'll save that for another time. I do want to thank you all for the insane amount of support on my first (and only) [GME SPY EW video ](https://www.reddit.com/r/Superstonk/comments/o1j93q/a_message_from_elliot_waves_guy/?utm_source=share&utm_medium=web2x&context=3)
+
+Here's what I see on a 4hr view:
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/wf4gw34otn971.png?width=2782&format=png&auto=webp&s=20c654cb312a1b3823a203fdde519bc7a26c9d94)](https://preview.redd.it/wf4gw34otn971.png?width=2782&format=png&auto=webp&s=20c654cb312a1b3823a203fdde519bc7a26c9d94)
+
+4hr
+
+Monthly:
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/51ovbhfstn971.png?width=2772&format=png&auto=webp&s=11191e09c072e0d761c6d48e487db233da740945)](https://preview.redd.it/51ovbhfstn971.png?width=2772&format=png&auto=webp&s=11191e09c072e0d761c6d48e487db233da740945)
+
+Monthly
+
+Without a doubt, SPY is ridiculously extended to the upside.
+
+I believe we will see 436 hit in the near future at the very least, highly doubt much more upside from there. My reasoning for this is remember that EW is a fractal trading strategy, meaning targets on a smaller timeframe line up to form larger time frame targets.
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/51mjqx85un971.png?width=2824&format=png&auto=webp&s=e6549eb2b289e18c38c3e5965405607447805b86)](https://preview.redd.it/51mjqx85un971.png?width=2824&format=png&auto=webp&s=e6549eb2b289e18c38c3e5965405607447805b86)
+
+visualized
+
+You can see the 5 wave structure from the recent lowest low, normally wave 4 can't retrace into the territory of 1, however keep in mind the overarching wave is a 5, meaning 4 CAN retrace into the territory of 1. This trips a lot of new EW traders up as they don't understand the rule of diagonals.
+
+regardless, wave 5 usually targets .618 - .786 of 1. the .618 level of this move comes out to 436, where the bigger cycle 5 next target comes out to 436 as well (1:1 level, yellow).
+
+an extension of above .786 for a wave 5 is considered to be extended for what it's worth. The yellow trajectory I drew is only for visualization purposes and in no way is saying this is exactly how SPY will play out in relation to price/time.
+
+the reason I'm talking so much about SPY here is because GME and a little something called negative beta. in short, market go down, GME go up, and vise vera, though correlation does not mean causation all the time. The market being near the top and GME near/at the bottom of the trend is interesting when you compare the two, and the supposed trajectory of each from hereon out using EW:
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/kyv6eatvun971.png?width=2782&format=png&auto=webp&s=1983cec53b01236137008a1039415c226380dda2)](https://preview.redd.it/kyv6eatvun971.png?width=2782&format=png&auto=webp&s=1983cec53b01236137008a1039415c226380dda2)
+
+visualized
+
+again, do note the white lines on SPY are only for visualization purposes, see my SPY DD for in depth retracement targets for our seemingly imminent bear market.
+
+SPY near top and GME near bottom, hmmmm...
+
+In terms of GME downside should this not be the bottom, super dumbed down, here's the channel GME is traveling in with fib dates worth keeping an eye on:
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/6uei55gevn971.png?width=2792&format=png&auto=webp&s=20b232cd208d12dcd1a0c33f885f697d41cf446d)](https://preview.redd.it/6uei55gevn971.png?width=2792&format=png&auto=webp&s=20b232cd208d12dcd1a0c33f885f697d41cf446d)
+
+channel in red, time extensions colorful
+
+Fibonacci time extensions can also be used to predict when a wave will change trajectory. In this scenario, I measured the length of the 1 (from 113 to 344) to get fibonacci numbers in relation to this time period. Stocks often need to cool off/consolidate after big moves before continuing the original trajectory. Totally normal in the stock market.
+
+However, given that GME is incredibly manipulated, take these fib dates with a grain of salt. I personally don't use them often with GME, though on other tickers I have found it to be quite profitable. Not that I endorse GME day trading at all, because you shouldn't, though when trading NORMAL (key word) tickers, Ideally, when swing trading, you load a full position a bit after the first upwards move, and use fib time extensions to predict when the corrective wave will end.
+
+In this scenario, the 38.2 time extension comes out to tomorrow, which signals a potential reversal coming tomorrow. Wednesday is also notorious for erratic GME movement, so stay buckled up!
+
+What's realllllllly fucking interesting is the 50% time extension comes on the notorious 7/14 date.
+
+What I want you to take away from the above visual is in the event that our reversal doesn't begin tomorrow from today's low, lower bound of the channel comes out to around 175. Just keep an eye on that level for some insane cheapies if Shitadel decides to abusively press the short button.
+
+All in all, GME is incredible bullish and those that hodl through this wave 2 will be handsomely rewarded. This I can guarantee. Fibs don't lie.
+
+What make's me think today COULD be the low is, you guessed it, significant fib levels. This time, I measured the low of february to the high of march (second highest degree of waves), visualized:
+
+[![r/Superstonk - Elliott Waves, GME, WEN THE F*CK MOON!? 🚀](https://preview.redd.it/2qrmj1fuwn971.png?width=2768&format=png&auto=webp&s=131324b10245d06fae1396aa73c6366854c49b3a)](https://preview.redd.it/2qrmj1fuwn971.png?width=2768&format=png&auto=webp&s=131324b10245d06fae1396aa73c6366854c49b3a)
+
+4hr
+
+Fib level? 193.5. Today's low? 193.71.
+
+so close to .69 :')
+
+Until we have significant upwards pressure, I won't have narrowed down smaller timeframe upside targets, but larger timeframe targets are still valid. It will be very hard to break the overarching setup for the shorts.
+
+I'm out. Thanks for reading 🍌
+
+Time to go get high af and stare at fib levels some more.
+
+TLDR: Boom soon, Market near/at peak, GME at/near bottom, negative beta, GME to 8+ figures is not a meme and will happen if you believe and hodl for it. I know I will 🚀

Technical-Analysis/2021-07-07-GME-Technical-Analysis-Why-Im-Jacked-About-Todays-Drop.md

@@ -0,0 +1,127 @@
+GME TA: Why I'm JACKED about today's drop!
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/RocketTraveler](https://www.reddit.com/user/RocketTraveler/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oftiz8/gme_ta_why_im_jacked_about_todays_drop/) | 
+
+---
+
+
+[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)
+
+Happy Wednesday Everyone!
+
+I don't know about you, but today's drop to $177 and subsequent rebound has me jacked more than ever! Why, you may ask? Read on...
+
+Preface
+
+Some of you may have seen my post last week referencing Rocky Outcrop's custom Directional Movement Index (DMI) indicator and how it was showing we are due for a HUGE uptick in volatility after these past four weeks of sideways trading. If you haven't seen it yet, check it out here for more background:
+
+<https://www.reddit.com/r/Superstonk/comments/obteg7/gme_the_powder_keg_ready_to_explode/>
+
+Guess what? The DMI indicator switched off today which means we are officially ramping up in volatility for the near future. *This has lined up perfectly with numerous other TA indicators that show we may have officially hit our bottom at $177 and are turning around on higher volume*
+
+If you don't like TA or think it is invalid, I respect that. Despite GME's heavy manipulation it has worked well for me and others to show the most likely outcome as to where prices may be heading.
+
+My previous TA conducted on June 28 was based on what I saw at the time. The indicators were there, but none were screaming out at me. This time EVERYTHING is screaming at me. Now is the time.
+
+We all want the same thing. BRRRRRRRR
+
+*As usual, I am not a financial advisor and this is not financial advice!*
+
+I'll try to keep this short. Here we go!
+
+TLDR;
+
+-   DMI indicator is showing we are now entering a period of high volatility. This means larger price swings up and down for the next few weeks. *Say goodbye to trading sideways!*
+
+-   RSI is showing we hit Oversold levels today at $177
+
+-   The most common Fib Retracement level (0.618) from the March Low and June High prices was hit today at $177 ([/u/possibly6](https://www.reddit.com/u/possibly6/) - this might interest you)
+
+-   We bounced off of the 200 Period Moving Average (4 Hour Chart) today at, you guessed it, $177
+
+-   We bounced off of our current channel's support at, yes, $177
+
+Multiple signs are all pointing to the same thing: $177 was indeed the bottom of this long drawn-out descending channel we've been in since June 10th. *Time will tell if this is holds to be true, but everything is screaming the same message. Onwards and upwards*
+
+DMI
+
+Check my previous post for more background on Rocky Outcrop's DMI and how it is an incredible indicator that shows explosions in volatility before they actually occur.
+
+The indicator started flashing on June 29th and flashed off today July 7th.
+
+[![r/Superstonk - GME TA: Why I'm JACKED about today's drop!](https://preview.redd.it/vohwycfxmu971.png?width=803&format=png&auto=webp&s=3732a22cf8334961bea232d1b10d5e8e3948d185)](https://preview.redd.it/vohwycfxmu971.png?width=803&format=png&auto=webp&s=3732a22cf8334961bea232d1b10d5e8e3948d185)
+
+-   After a DMI signal flashes on and off, the positive price action (DI+, yellow line above) and negative price action (DI-, pink line above) fight it out to become the dominant momentum. *Positive or negative momentum is confirmed after DI+ or DI- rise above the value of 38*
+
+-   Currently DI- is winning the fight which is normally a bearish sign; however, notice today's DI- rejection it had at 38 on the dot. This is indicated by the blue hashed line at the end of my arrows. This same scenario happened back in May before our huge run-up where DI- was rejected at 38, DI+ took over, and we blew up to $350
+
+-   If DI- manages to stay below 38 and DI+ picks up momentum, this would indicate another huge run-up with volatility in the very near future
+
+-   We will need a few more days to see how the DI+ and DI- action plays out. In any case, get ready for increased volume and volatility!
+
+*Huh... the DI- began reverting right around the time the price hit $177. Must be a coincidence right...?*
+
+RSI
+
+The Relative Strength Index (RSI) is an indicator showing when prices may be overbought, oversold, or neutral.
+
+[![r/Superstonk - GME TA: Why I'm JACKED about today's drop!](https://preview.redd.it/2eybhogwsu971.png?width=1060&format=png&auto=webp&s=ad797d21dcadccea12e68540d5fce7afc2530a82)](https://preview.redd.it/2eybhogwsu971.png?width=1060&format=png&auto=webp&s=ad797d21dcadccea12e68540d5fce7afc2530a82)
+
+-   RSI officially entered oversold territory during today's price drop to $177 before it bounced back to the oversold boundary. This is indicated by the red hashed line above
+
+-   Previously the RSI hit this zone in March, April, and May where we then saw large price reversals afterwards
+
+*Strange... the RSI hit the Oversold zone right around when the price hit $177. Must be another coincidence.*
+
+Fib Retracement
+
+Fib retracements are based on the famous Fibonacci Sequence which can be found all throughout nature. This is present even here in the stock market! Human buying/selling behavior tends to revolve around key Fibonacci levels. It works, and it works very well.
+
+[![r/Superstonk - GME TA: Why I'm JACKED about today's drop!](https://preview.redd.it/b6evhk49gw971.png?width=1283&format=png&auto=webp&s=f268ba97103ead1cc09a5b89b440fd9440f7420a)](https://preview.redd.it/b6evhk49gw971.png?width=1283&format=png&auto=webp&s=f268ba97103ead1cc09a5b89b440fd9440f7420a)
+
+Once a retracement begins and a top has been confirmed, we can draw a Fib Retracement from the previous extreme low to the extreme high. This will give us Fib Retracement Levels. If prices fall below the 0.236 level, they tend to continue dropping to the 0.618 level *in most cases**.*
+
+-   Previous Extreme Low: $117 (March 25th)
+
+-   Previous Extreme High: $343 (June 8th)
+
+-   0.236 Level: $267. Notice we fell through this pretty hard on June 10
+
+-   0.618 Level: $176/$177. Notice we hit this level today almost EXACTLY and bounced violently back to the upside.
+
+-   This would seem to indicate that the current downwards retracement could officially be complete
+
+-   There is a small possibility that we continue dropping down to the 0.786 Fib Level of $147 before we begin our retracement upwards; however, given all other factors outlined in this post I see this as highly unlikely at this time
+
+*Weird... $176/$177 happens to also be the 0.618 Fib level from our previous High and Low? These coincidences just keep piling up...*
+
+200 Period Moving Average
+
+The 200 Period Moving Average has been very well respected on the 4 Hour GME chart. Any time GME touches or comes anywhere close to this line, it has had huge run-ups.
+
+[![r/Superstonk - GME TA: Why I'm JACKED about today's drop!](https://preview.redd.it/stmdkjxs0v971.png?width=1201&format=png&auto=webp&s=4b08c721a67ad0e477da6849b38287c827d2d712)](https://preview.redd.it/stmdkjxs0v971.png?width=1201&format=png&auto=webp&s=4b08c721a67ad0e477da6849b38287c827d2d712)
+
+*Wow how odd?!? The 200 Period Moving Average today was at.... yes, you guessed it: $177*
+
+Channel Support
+
+Since June 11th we have been trading in a descending channel with upper resistance and lower support levels (see the white lines below)
+
+[![r/Superstonk - GME TA: Why I'm JACKED about today's drop!](https://preview.redd.it/gdpc0wqz7v971.png?width=1129&format=png&auto=webp&s=6aec79d2bcc258b6e51bf4dfd5feab9ff9d2d703)](https://preview.redd.it/gdpc0wqz7v971.png?width=1129&format=png&auto=webp&s=6aec79d2bcc258b6e51bf4dfd5feab9ff9d2d703)
+
+GME has tested these levels multiple times over the past month as you can see on both the upper and lower end.
+
+*Guess where the channel's lower support level is for today? Yep, $177*
+
+Conclusion
+
+-   Today's drop to $177 when measured on numerous different indicators is showing signs of a big reversal
+
+-   If this reversal turns out to be true, it should be enough to carry us out of the current channel and then back upwards to the upper $200's before continuing onwards
+
+-   Volume and volatility are beginning to pick back up. This is what we need for another move to the upside
+
+-   *Reminder: I am not a financial advisor and this is not financial advice! :-)*

Technical-Analysis/2021-07-07-The-Upward-Trend-Line.md

@@ -0,0 +1,113 @@
+Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy
+=================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Kalaeman](https://www.reddit.com/user/Kalaeman/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oez0cl/presenting_the_upward_trend_line_and_how_visible/) | 
+
+---
+
+[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)
+
+Disclaimer : I only started to get into trading last February and my portfolio is 100% GME. I learnt a lot over the past few months on this sub but still don't know much about trading in general so take everything I say with a grain of salt. However, I noticed clear patterns in GME price that are too visible to be coincidences in my opinion, and that I haven't seen talked much on this sub. I will offer my theories explaining the patterns but I hope more wrinkled brain apes can look into it and correct me if needed.
+
+TL;DR : If the Second wedge started in June behave similarly than the previous wedge (and it looks like it is so far), we could see a good set up for the MOASS at the end of August. And also any other day before.
+
+1 - The upward trend line
+
+This is a line I drew quite some time ago. I actually [shared it on the sub](https://www.reddit.com/r/Superstonk/comments/n4vfx1/not_financial_advice_but_buying_the_dip_close_to/) last May after the price got close to the line again. The post didn't get much traction so let me give more details about why I think this line is meaningful. Here it is :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/2f12tue5ig971.png?width=1285&format=png&auto=webp&s=b58ab508b68f761a957c37218471a6c2c4763d4f)](https://preview.redd.it/2f12tue5ig971.png?width=1285&format=png&auto=webp&s=b58ab508b68f761a957c37218471a6c2c4763d4f)
+
+GME Trend line
+
+To draw it you have to set two data points that correspond to the lowest price on 26th of February -86$ and 13th of April -132$. These round numbers give a total rise of 46$ in 31 business days with an average uptrend of 1,484$/day.
+
+At first sight, we can quickly notice that even though there are huge swings, the price gets very close to this line a remarkably high amount of times. Between March and June I can count 7 times or period of time where it got really close to it.
+
+But something that particularly caught my eye was how ridiculously close the price got from the trend line before the January run up :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/0j8kidevng971.png?width=621&format=png&auto=webp&s=a51b01ba4769efcff06e875a9cf4a8dc7a316d7e)](https://preview.redd.it/0j8kidevng971.png?width=621&format=png&auto=webp&s=a51b01ba4769efcff06e875a9cf4a8dc7a316d7e)
+
+Zooming to 14th December - 21st of January just before the first run up
+
+23rd December and 14th January highest price of the day are literally touching the line perfectly (about 0.5% error) and we get 6 days total where it got pretty close. How crazy of a coincidence can it be that the price follows so accurately this trend line ? Especially since we are *before* the first run up even though the trend line was built using data *after* this first run up.
+
+Let's now go back to a more recent action price :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/6dauaymhvg971.png?width=811&format=png&auto=webp&s=270ff45b2cabc33073e47e42cd02a3441278cdd5)](https://preview.redd.it/6dauaymhvg971.png?width=811&format=png&auto=webp&s=270ff45b2cabc33073e47e42cd02a3441278cdd5)
+
+10th June - 2nd July period
+
+Even though it is not as obvious, to me the 25th, 28th, 29th and 30th are clearly trying to follow the trend line. Especially considering that the price shot up to 345$ during the June run up. My tits got unreasonably jacked during the last hour of 25th of June with 2M volume and the closing price ended up being precisely back on track with the trend line.
+
+Starting December 14th, the price got significantly under the trend line only 4 times in total :
+
+| Date | Duration (trading day) | max difference ($) | max difference (%) |
+| --- | --- | --- | --- |
+| 24th Dec - 12th Jan | 12 days | 23$ | 50% |
+| 8th Feb - 23rd Feb | 11 days | 40$ | 50% |
+| 10th May - 12th May | 3 days | 25$ | 15% |
+| 1st Jul - Present | 3 days so far | 21$ | 11% |
+
+Those are only 4 data points but it appears that at least so far not only the duration when the price stays under the trend line gets smaller, but how far away from the trend the price can go gets smaller and smaller as well. It will be interesting to see if the price gets back to the trend soon or not.
+
+2 - The March-April-May wedge
+
+I kept on drawing lines and found out something quite interesting : If you draw a line between the highest peak in January and highest peak in March you get this :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/tst8bcrlal971.png?width=987&format=png&auto=webp&s=64e6bb4067a6f5365e15e085f167fd47e154cdc0)](https://preview.redd.it/tst8bcrlal971.png?width=987&format=png&auto=webp&s=64e6bb4067a6f5365e15e085f167fd47e154cdc0)
+
+Descending trend line in yellow
+
+As you can see it forms an almost perfect closing wedge at the beginning of May. There is a bit of resistance when it is crossing our upward trend line, then it is forcing its way down before getting back to the upward trend line only 3 days later.
+
+And then something else appeared : it felt like the whole wedge is trending down at the same speed as the closing wedge. Most notably the 17th-23rd March, 14th-16th April and 19th-23rd April. I draw multiple lines parallel to our descending trend line to illustrate this :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/y86wnb1odl971.png?width=987&format=png&auto=webp&s=a028a4a6574340cc124f252336ada853798d9fef)](https://preview.redd.it/y86wnb1odl971.png?width=987&format=png&auto=webp&s=a028a4a6574340cc124f252336ada853798d9fef)
+
+Parallel trending lines
+
+3 - The June wedge
+
+I then applied the same logic to our more recent run up. I drew a line from the highest peak in January to the highest one in June and came up with this :
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/qvqsq0eigl971.png?width=1478&format=png&auto=webp&s=54548477322e8fd05bfed7add524aa9fc5deff83)](https://preview.redd.it/qvqsq0eigl971.png?width=1478&format=png&auto=webp&s=54548477322e8fd05bfed7add524aa9fc5deff83)
+
+June descending trend line
+
+You probably guess what I'm gonna do now... Draw parallel lines ! And what a surprise ...
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/4glohk94hl971.png?width=1478&format=png&auto=webp&s=485ee7a68e5fce58a96cebe1692c86cbe25aeba3)](https://preview.redd.it/4glohk94hl971.png?width=1478&format=png&auto=webp&s=485ee7a68e5fce58a96cebe1692c86cbe25aeba3)
+
+June parallel trending lines
+
+We are currently trading in a descending channel exactly parallel to the January to June highest points, just like what was happening during the previous wedge.
+
+What means ??
+
+So here is what I think : Citadel/Short hedge funds have a huge control over the price, but they have to stay within certain limits to stay solvent. Those limits are showing as linear trending lines on the graph. Please correct me if I'm wrong but I believe the reason it is linear is because Citadel primarily uses options which are derivatives of the market. By buying/selling options and hedging at specific times they control the speed at which the stock goes up or down. This means that they are able to transform retail instant buying pressure into a slow linear trend line. That is also why holding is an effective counter to their techniques.
+
+As long as GME went down after March run up following this downside trend, they were good on their sheets. But when they realized they couldn't keep out of the upward trending line (too many diamond hands), they changed their strategy and went for another pump and dump. Someone suggested they sold crypto to avoid margin call. It could be that they sold crypto to buy GME for this new pump and dump, since the crypto drop happened exactly between the two wedges.
+
+Big speculation here but I also think that Gamestop sold their shares to counter their pump and dump strategy. Big price movements are not happening because of retail and the price dropped instantly after the news got released that they were going to sell shares. My guess is that Citadel&Co realised they were going to lose a lot of money if they don't sell their shares now so they had to cancel the pump early. That's why Ryan knew it was going to go down instantly and told us to buckle up.
+
+What this also tells us is that there is no improvements for short hedge funds between the first and second wedge. The price action is still based on the huge amount of options and new shorts created during the January squeeze. The only difference is the 200K puts that expired 16th of April. I think Hedge funds are getting low on ammo. Again.
+
+What to expect next ?
+
+I have added the t+21 cycles and some events coming on the chart and oh boy it looks juicy.
+
+[![r/Superstonk - Presenting : The Upward Trend Line and how visible patterns in GME price could explain short hedge funds strategy](https://preview.redd.it/40r39mdz1m971.png?width=1392&format=png&auto=webp&s=056668839994edb58a5e39026a31a6b88fc29339)](https://preview.redd.it/40r39mdz1m971.png?width=1392&format=png&auto=webp&s=056668839994edb58a5e39026a31a6b88fc29339)
+
+T+21 cycles are the periodic vertical blue lines. NFT announcement 14th July.
+
+I know I know, no dates but come on, here we can see on the graph at around the 20th of August, not only a T+21/T+35 (with 400K puts expiring !) event but also the closing of the big January-June Wedge. Of course short hedge funds could give up any time before that date, but stars seem to be aligning around this time.
+
+They can push to get out of the linear trend line but I believe they cannot do it for long. Right now it seems that's what is happening. If the theory is correct, the price will eventually get back to the trend line, like it did many times before. We will see how long they manage to keep the price down but I wouldn't be surprised if right now is the lowest price GME will ever be at again. I hope so since I bought a few more shares again today !
+
+On the other hand, right now could be what hedge funds think is their last chance to make people sell, so they could go all in to try to keep it low for a longer time like they did in February.
+
+Keep in mind this is just a theory, it could be wrong or they could work very hard to make the theory become wrong. In any case I have complete trust there are only diamond hands here and MOASS is inevitable, however long it takes.
+
+If people want to play with the chart you can make a copy [here](https://www.tradingview.com/chart/4MuabdvY/).

Timeline/2021-06-28-GME-Timeline-Closing-Price-vs-Date.md

@@ -0,0 +1,12 @@
+6/28: GME Timeline of Closing Price vs. Date
+============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/o9td0p/628_gme_timeline_of_closing_price_vs_date/) | 
+
+---
+
+[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
+
+[![r/DDintoGME - 6/28: GME Timeline of Closing Price vs. Date](https://preview.redd.it/o8qkbzkcm2871.png?width=960&crop=smart&auto=webp&s=ca4ad488ce7692d541dbcbbe2e08aeeeb8c52da0)](https://i.redd.it/o8qkbzkcm2871.png)