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Kevin88660

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At the moment the SEC is looking and sifting through the wallstreetbets reddit to see if they find any illegal stuff. Just in case anyone wonders about wether they will do something against their established wallstreet customers. Never. They always go after the little average joe.
In my opinion extremely hard to build a case. The most relevant could be “cornering a market” but there must be an intent of collusion and big money involved. Unlikely to apply here.

When someone loses money they will cry foul and ask for investigation. A lot of retail money was lost in 2008 buying “things they don’t understand”. When people cry and complain there will be investigation and possible more regulation.
 

helmut

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In my opinion extremely hard to build a case. The most relevant could be “cornering a market” but there must be an intent of collusion and big money involved. Unlikely to apply here.

When someone loses money they will cry foul and ask for investigation. A lot of retail money was lost in 2008 buying “things they don’t understand”. When people cry and complain there will be investigation and possible more regulation.
yes, but the "new thing" here is, that the Hedgefunds and all the established "Wallstreet Experts" cried. and the SEC came immediately to their help...
 

James Fake

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I haven't touched it since that 'Cuban bounce' as it's been mayhem with other stocks, but I am eye'ing $45-47 for a big bounce for a swing trade. Possibly Monday or Tuesday as S&P cools off and goes flat (S&P and GME/AMC never went up at the same time). It will only have a window of a few days before I feel we begin creating the first steps towards a downtrend into correction. If it doesn't open itself up by Monday; will just skip.

AMC.... AMC unlike GameStop is in a much better business model needing less pivot, etc. to survive and thrive. The worldwide global attention the name AMC got is worth billions in abstract value. For the rest of our lives, when I think of catching a blockbuster, AMC will always come to mind. I'm not sure if the big downtrend prior to C0VlD was some mis-management or internal problem, but it appears once C0VlD hit and during the period of everything being closed (plus the side effects of less movies being created to show which will lag into 2022); I believe the price was held down by those short funds.

If true, then I don't think these same guys will suppress AMC anymore, and right in this area down to around mid $6.00s is actually not a bad scoop for your C0VlD recovery stock plays. It's got a lot more upside than Casinos, Cruises, Airlines, etc. imo since it's so beat down even before this mess and before C0VlD. AND if it indeed was held down being taken advantage of by the short funds, then the valuation itself is not fair market and has that upside to make up as well. I know one thing; like the other C0VlD recovery companies... there's only really one way things can go from here.

I personally plan to grab some and just stow it away (*achem* after this double bottom 10-15% correction in late February into March).
 
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James Fake

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If anyone's interested..

I also wrote out my analysis on an eerily similar fractal that matches the same sentiment, macro trends, price action, volume profile, etc. as today's markets. I plan to follow this until it's invalidated.


 

lludwig

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Well.. that didn't take long. And still not selling. LOL. You gotta love it.
 

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James Fake

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An upcoming smaller version repeat of March 2020; can I pull it off again?

S&P finishes green tomm. Monday to Thursday of next week is chop sideways with last handful of stocks to pop in 80-100% single day gains in euphoria stage.

This flat range will be the entry for SQQQ and SPY Puts.

Hold until first week of March, pull profits on shorts and begin entering your dream portfolio stocks when S&P hits between 15% all the way down to a possible 24%.

I suspect if this is the last pure bloody dip to correct out this market before the Roaring 20's begin, then a retest of the Weekly 200MA may need touched. At minimum Weekly 100MA.
 

James Fake

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Interesting price action movement.. going right along perfectly as previous post while underlying movement is setting up almost perfectly for the month ahead as well.

Got a few projects to hyper focus on; I’ll be back in a few months. Good luck all!
 

GPM

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Well.. that didn't take long. And still not selling. LOL. You gotta love it.

Let me know when you see that shenanigans with bitcoin and friends, that is when I am running to my computer as fast as I possibly can to sell. Well before that actually, when the guys first mortgage their houses and start buying, that is when I am going to be selling to them.
 

csalvato

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PapaGang

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That guy can access his bitcoin from anywhere in the world if he memorized his keys.
I'm not capable of memorizing that many alphanumeric characters. But hey, I also don't have Bitcoin and don't commit fraud, so...

“We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters on Friday. “Perhaps he doesn’t know.”
:rofl:
 

csalvato

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I'm not capable of memorizing that many alphanumeric characters. But hey, I also don't have Bitcoin and don't commit fraud, so...

“We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters on Friday. “Perhaps he doesn’t know.”
:rofl:

If you had 1700 bitcoin ($60M) in a wallet, you would definitely figure out a way to remember 34 characters easily by chunking them into groups of 5-7 :rofl:
 

theag

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Mr. Vergara, a 25-year-old security guard in Virginia, started investing four years ago after deciding he wanted to retire young. To save money, he drives a 1998 Honda Civic, eats a lot of rice and lives with his dad. He stashed his savings mostly in diversified index funds, which are now valued at about $50,000.
Sounds good so far.

He didn’t want to touch his index-fund investments, so instead he got a personal loan with an 11.19% interest rate from a credit union and used it to fund most of his GameStop purchase. He bought shares at $234 each.
U fockin wot, m8?!

 

MJ DeMarco

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Reddit user tagged with a Class Action Lawsuit.

 

JamesQB8

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Andreas Thiel

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Interesting ... thought I might find some discussion here about the more current discussions that take place since the migration through r/GME to r/superstonk!?
But seems nobody takes the topic seriously anymore?

Will read through the thread ... but it seems that the posts are too old to cover the current posts.
Guess I will also search through old threads to see if those "God Tier" DD (due diligence) posts are mostly old news and unrelated to GME.

For those interested, the articles I have in mind are listed under Prerequisite DD:
View: https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/



The current theory is that options are used to do different things - satisfy FTDs with synthetic shares, manipulate the SI, drop the price ...
View: https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/


There is a collection of DD posts that I just discovered:
View: https://www.reddit.com/r/DDintoGME/comments/mnss65/the_apes_guide_to_the_galaxy_a_compilation_of_dds/


Personally I do think the way the media covers the topic is pretty suspicious. Apart from that I have not done any research to validate anything.

TA;DR (Too Ape Didn't Read version):
With Charter Communications there is one example where short interest was used to bankrupt the company.
FINRA only dishes out slaps on the wrist many years after the fact. There are countless violations by all the big players where shorts were not labeled as such ... and that leads to underrepresented short interest.
Random samples show that short interest is usually between 50% and 150% higher than reported.
 

maverick

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Interesting ... thought I might find some discussion here about the more current discussions that take place since the migration through r/GME to r/superstonk!?
But seems nobody takes the topic seriously anymore?

Will read through the thread ... but it seems that the posts are too old to cover the current posts.
Guess I will also search through old threads to see if those "God Tier" DD (due diligence) posts are mostly old news and unrelated to GME.

For those interested, the articles I have in mind are listed under Prerequisite DD:
View: https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/



The current theory is that options are used to do different things - satisfy FTDs with synthetic shares, manipulate the SI, drop the price ...
View: https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/


There is a collection of DD posts that I just discovered:
View: https://www.reddit.com/r/DDintoGME/comments/mnss65/the_apes_guide_to_the_galaxy_a_compilation_of_dds/


Personally I do think the way the media covers the topic is pretty suspicious. Apart from that I have not done any research to validate anything.

TA;DR (Too Ape Didn't Read version):
With Charter Communications there is one example where short interest was used to bankrupt the company.
FINRA only dishes out slaps on the wrist many years after the fact. There are countless violations by all the big players where shorts were not labeled as such ... and that leads to underrepresented short interest.
Random samples show that short interest is usually between 50% and 150% higher than reported.
What in earth are you talking about
 

Andreas Thiel

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What in earth are you talking about
I am talking about the theory that hedgefunds never really covered their short position in GME and instead manipulated the official SI.
 

100k

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I sold my hodling, but like a degenerate I bought back in, I'm hodling again. 200 $AMC, to da m00000n.
 

biophase

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I sold my hodling, but like a degenerate I bought back in, I'm hodling again. 200 $AMC, to da m00000n.
I don't know what's going on here, but I just made a +EV bet with a friend who is super into this. He seems to think AMC is going to $1000 before 2022. So I bet him a decent amount of money that it will not. Tomorrow I take the amount of the bet and buy AMC with it. If AMC hits $1000, I'd gladly pay my friend the bet. If it doesn't he pays me the bet amount which pays for the shares I bought. Easy money.
 

100k

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I don't know what's going on here, but I just made a +EV bet with a friend who is super into this. He seems to think AMC is going to $1000 before 2022. So I bet him a decent amount of money that it will not. Tomorrow I take the amount of the bet and buy AMC with it. If AMC hits $1000, I'd gladly pay my friend the bet. If it doesn't he pays me the bet amount which pays for the shares I bought. Easy money.
Ol' boy is playing chess, not checkers
Good move.
 

Andreas Thiel

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Hehe, Superstonk predicted that the media would push AMC to distract from GME weeks before those articles came out. Adam Aron (AMC) is more likely to be a plant by Citadel ... while GME seems to be prepared to escape the death grip.

Michael Burry tweeted:
"There really can't be another GME," the investor said. "Nothing else is/was even close to as shorted (100+% of float), so small (microcap), and so hated/ignored/dismissed prior to the #thebigshortsqueeze."

He seems to be in the camp that either thinks shorts have actually been covered or does not care anymore.

The bull case for GME is built around signs that two whales are currently fighting each other. Ryan Cohen is rumored to be backed by the long side and some people think BlackRock could be that player. Citadel would be the big player on the short side. He posts cryptic and not so cryptic messages to keep the hype going.
He is also pushing for shareholders to vote ... in order to prove that the float is owned by retail traders several times over. In that case even a 30% SI would be a death sentence for for those on the short side.

Other signs seem to be options activity around the expiry dates and the FTD cycle.

I bought a book by Susanne Trimbath "Naked, Short and Greedy: Wall Street's Failure to Deliver"
... but have yet to read it. She outlines the mechnisms that big players use to short companies into oblivion.
In 2005 John D. Finnerty wrote about those mechnisms as well, even with a formula that shows what kind of footprints short attack would leave. If nothing else it is a great rabbit hole to get lost in.

Extremely crowded as a trade ... but the implications are insane if this turns out to be true.
 
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biophase

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I don't know what's going on here, but I just made a +EV bet with a friend who is super into this. He seems to think AMC is going to $1000 before 2022. So I bet him a decent amount of money that it will not. Tomorrow I take the amount of the bet and buy AMC with it. If AMC hits $1000, I'd gladly pay my friend the bet. If it doesn't he pays me the bet amount which pays for the shares I bought. Easy money.
I hope my friend is right. So far my AMC purchase is looking great. Lol

I guess I need to start a meme portfolio now.
 

Andreas Thiel

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Since the thread has been bumped I might as well dump what I have read so far:

She basically outlines how her understanding of an issue in big finance developed over time.
At first she knew about the governance issues and supply / demand distortion that phantom shares create for business owners. I think each trade that is cleared but does not settle creates phantom shares. That leads to an increased supply of shares which dilutes the value of a single share.

Clearing companies were created to ensure smooth clearance and settlement of trades. When it came to the number of successful settlements there was no improvement after the automatic processes were introduced. Basically there is no incentive for banks and brokers to actually settle trades. They benefit in several ways from trades that are cleared but not settled. She was mostly concerned about the governance issues t first, but around 2004 she learned how big the issue with failures to settle had become.

All her attempts to contribute to solving the regulatory crisis were in vain. Probably somebody does not want the problems fixed.
I think she mentions a number of 1,200 companies that have been bankrupted by 2004 ... and a study concluding that around 60% might have survived their liquidity issues without the artificial funding impediments.
All the regultions that were introduced never addressed the core issue. With the meme stocks, they might have gone too far. The companies looked like easy targets, but the access to fresh capital was not successfully blocked.

---

Not from the book and mostly speculation: reverse repo rates are going up. The current understanding is that this simply means that institutions assume cash will be king again and there are not many smart investment opportunities, but some people argue that the reverse repos also indicate that hedge fund bets have become riskier and a heavier liability side must be balanced out with an heavier asset side through reverse repos. Think "Archegos is just the tip of the iceberg".

I think either Citadel is currently duping retail investors and will post insane gains soon, or they have actually messed up and the next hearing with Congress involvement - complete with a system close to a collapse - might be just around the corner. Apparently in the past few days several institutions (like the DTC) have introduced regulations that protect them in such a scenario, so I think this is absolutely worth keeping an eye on.
My guess is that GME shareholders will legally be in a position to sell at any price, but Congress won't allow it and there will be a "consolation prize" in a pretty crowded trade.
 

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