I'm not from the US, so this IS financial advice.
Hedge fund Cormark was fined 🥜 ($800.000) by the SEC for reporting a short position as a long position, for over a year.
There is hardly any downside to lying for these hedge funds.
They stand to get a 🥜 fine, but if they correctly report their perhaps 300% short, they stand to go bankrupt.
They have already shown that they are willing to stop at nothing to kill retail.
When short reporting time comes, and the short percent is 50%, DON'T BELIEVE THE LIES!
I like the GME stock. I have $26k locked and loaded for the short ladder today.
First, credit to u/johnnydaggers for putting the pieces together in this post.
Many of us are probably watching the short interest % of float to indicate when the short squeeze is squoze. At this point, the hedge funds clearly know this, given how hard they've spent the last couple days using their MSM shills to announce "WE HAVE EXITED OUR SHORT POSITIONS!!! YOU WIN!"
There is a chance we're going to see that short interest % of float number go down at the same time as the price drops. Failure-to-delivers may also go down, at least in appearance.
Failure-to-deliver numbers and the short interest % are just the tip of the giant dildo they're trying to fuck us with. If this thing is actually what it looks like, they have way, way, way more exposure to this shitstorm than they are letting on.
There are ways for hedge funds and their colluding market makers to hide their exposure to a counterfeit stock scheme / naked short / short attack. You can read all about it here: counterfeiting stock 2.0 (again, credit to johnny for bringing this to our attention)
If you don't know how to read, just scroll down to the picture of the iceberg.
If you do know how to read but don't have a lot of time, still scroll down to the picture of the iceberg, and start reading from there.
TL: DR-- using a bag of dirty tricks, hedge funds can "unwind" their disclosed short positions, without ever having to exit their real short positions-- the ones that are actually super dangerous and putting them at risk of insolvency. They are going to do everything they can to get us to sell, up to and including fucking with the disclosed short interest % of float-- the number we're all watching.
So watch the short interest with a titanic-sized grain of salt. It could go up, it could go down, but it's likely not anywhere close to their real risk exposure either way.
My GME positions: 4 @ 329, 2 @ 325, 13 @ 272.
I originally bought in at $14 and sold at $19 like a paper-handed bitch.Now I'm holding until $10,000.
I'm an ape, I don't know what the fuck I'm talking about, this is not financial advice, do your own research, etc.
EDIT: if you have a lot of time on your hands and want some more research on how this works and maybe a little peek into what we're in for,... keep reading on reddit ➡
A Management Decision
The night before the space shuttle Challenger disaster on January 28, 1986, a three-way teleconference was held between Morton-Thiokol, Incorporated (MTI) in Utah; the Marshall Space Flight Center (MSFC) in Huntsville, AL; and the Kennedy Space Center (KSC) in Florida. This teleconference was organized at the last minute to address temperature concerns raised by MTI engineers who had learned that overnight temperatures for January 27 were forecast to drop into the low 20s and potentially upper teens, and they had nearly a decade of data and documentation showing that the shuttle’s O-rings performed increasingly poorly the lower the temperature dropped below 60-70 degrees. The forecast high for January 28 was in the low-to-mid-30s; space shuttle program specifications stated unequivocally that the solid rocket boosters – the two white stereotypical rocket-looking devices on either side of the orbiter itself, and the equipment for which MTI was the sole-source contractor – should never be operated below 40 degrees Fahrenheit.
Every moment of this teleconference is crucial, but here I’ll focus on one detail in particular. Launch go / no-go votes had to be unanimous (i.e., not just a majority). MTI’s original vote can be summarized thusly: “Based on the presentation our engineers just gave, MTI recommends not launching.” MSFC personnel, however, rejected and pushed back strenuously against this recommendation, and MTI managers caved, going into an offline-caucus to “reevaluate the data.” During this caucus, the MTI general manager, Jerry Mason, told VP of Engineering Robert Lund, “Take off your engineering hat and put on your management hat.” And Lund instantly changed his vote from “no-go” to “go.”
This vote change is incredibly significant. On the MTI side of the teleconference, there were four managers and four engineers present. All eight of these men initially voted against the launch; after MSFC’s pressure, all four engineers were still against launching, and all four managers voted “go,” but they ALSO excluded the engineers from this final vote, because — as Jerry Mason said in front of then-President Reagan’s investigative Rogers Commission in spring 1986 — “We knew they didn’t want to launch. We had listened to their reasons and emotion, but in the end we had to make a management decision.”
A management decision.
Francis R. (Dick) Scobee, Commander Michael John Smith, Pilot Ellison S. Onizuka, Mission Specialist One Judith A... keep reading on reddit ➡
Ok, girls, I have an explanation why short interest is reported to have fallen when in fact it has not. Its not data faking, its hedge funds hedging their shorts with calls and puts. Let me explain.
Gary Black is a guy to follow. Not always follow his advice or take everything for granted, but he gives a good insight into how hedge funds think: https://mobile.twitter.com/garyblack00/status/1356253412103512065
Gary has the opinion, that short sellers have hedged their short position by buying ATM calls and selling ATM puts that match the share count of its short. Ok, so lets run through this scenario:
In scenario 1, the short interest stays the same as nothing happens. But I can totally see the statistics to reduce the reported short position because it is fully hedged! In scenario 2, the call seller has to find the shares on the market. In scenario 3 its the same, but this time the put buyer has to find the shares.
IN ALL 3 SCENARIOS, THE SHORT INTEREST STAYS THE SAME BUT THE REPORTED SHORT INTEREST GOES DOWN BECAUSE ITS SHOVED UNDER THE RUG OF THE OPTIONS TRADERS.
Which means, the statistics might be correct, but the true short interest is still the same as before! THE SHORTS ARE NOT OFF THE HOOK!
No investment advice you monkeys! We have the shorts by the balls until they turn blue and fall off!
Position: $GME at $19 and HOLDING!
Short interest is still as high as ever in Gamestop. By now you should also know that Melvin are getting around $3 billions in help/investment to bail them out. The battle has just started and the fact that the shorters refuse to back down is actually good news. In simple terms it means that when the short squeeze starts it will be a massive one. Dont be fooled by the media narrative which is controlled by shorters such as Melvin, Citron & Co. The short squeeze has not even started yet. The whales are coming, the margin calls are coming, the shorts will soon liquidate and GME will fly into to the moon. Be patient and hold! 🚀🚀🚀
To everyone that held, you’ve leveled to diamond-hand generals. In game theory, the only way you could have maximized your gains was if you all stuck together, and you did! They had counted on you guys scattering, and that’s why they took out new shorts on GME.
GME was on the cusp of a short squeeze on Wednesday, before they closed off all buying, and did the short ladder attack.
It shows that they’ve learned nothing since the Great Financial Crisis (GFC). They play by one primary rule: Heads we win. Tails you lose. And they can change the other rules last minute to drive to the primary rule.
Next, they will try to block/limit buying across RH and more brokerages so there’s not enough volume to drive to the short squeeze. Meanwhile Hedge Funds are free to buy/sell unlimited amount of shares and create short ladder attacks . Different rules for different players in this game!
But let’s move back to the whiteboard.
Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch.
Today, I’ll describe what a margin call is and explain a High Short Interestt trading strategy around it. In Particular, I’ll use Melvin Capital presumed short book as a case study.
Note: I’m not a financial advisor, this is just me whiteboarding.
In the Hedge Fund industry they have a strategy called long/short. They go long on momentum stocks and short undesirable ones.
Ie buying Apple and shorting Gamestop.
This trade is profitable if Apple’s stock price rises and Gamestop’s (GME) share price decline.
However, let say the trade doesn’t go their way and Gamestop share prices dramatically because of a short squeeze. In this case their net position is negative. Let’s say 30% negative. If it becomes large, their brokers calls them up and ask them to put more cash. Then they raise 30% more cash or sell stocks that been paid off to meet the reserve requirement. This is why you see the general stock market deep red, while GME moons. Hedge funds are selling their winning longs to raise cash for the margin requirement.
When GME short squeezes, they may have to liquidate (sell off all their longs) and cover their existing short position. Moreover, they have other leverage short positions that are... keep reading on reddit ➡
^(All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.)
In this DD I will highlight how the short float % has been increasing over time in BB.
As can be seen in this picture, the short float % has been steadily increased over time as the price continues to go up. This could indicate that the shorts have been losing a ton of money, and is now trying to double down. However, this is nowhere near GME or AMC levels but could increase a lot more over time as seen in how much the short volume has increased these last couple of days.
As seen in this picture you can clearly see that the short volume has been increasing over time, and will most likely have an effect on how much the short float % currently is. Since the latest data for the short float % is from the 15th of January, we would have to wait for the 9th of February to see newly updated data on the short float %.
The question is now, will they keep shorting BB into oblivion as they did with GME and AMC?
It's also important to look at the options flow and the possibility of a gamma squeeze.
This week we saw something that very well could have been manipulation of the price based upon how many calls that would expire ITM of the price was above $30. They kept the price under $15 to let all these contracts expire OTM. But how does the options table looks like next week? See picture below
As seen in this pi... keep reading on reddit ➡
I'm considering an idea to get a bunch of gamers together to play games, create discussions, meet new friends, and (most importantly) tackle the ever growing backlog that we all have. Does this interest anyone?
I'm thinking a book club-esque idea where we all pick one or two games each month to play. We can spark conversations like how we are enjoying the game or ask for advice in certain areas. Not sure the best route, but we could start a discord for something like this?
Edit: PM me, and we will build a discord club!
Edit 2: wow I'm blown away by this surge of interest! I'm trying my best to get everyone interested invited. I haven't forgotten about any of you! I'm looking for more efficient options to getting everyone invited!
Edit 3: Huge thank you to the mods for allowing me to make this edit! They approved a discord link in this post, so feel free to use the link below to join our video game "book club" if you're interested!
After Friday's close, SI reached 70.97M from Jan 21's SI of 70.46M. Institutional cost of borrowing also increased very slightly to 24.2%.
We know GME absolutely ripped in Friday due to gamma hedging. Some old shorts covering could have been the main reason behind the ignition switch but I am not very confident about that.
GME is already ripping in pre-market and I don't know what's triggering that. Maybe it's retail euphoria.
Looks like we will continue to have gamma squeezes, tweets from Papa Cohen etc until shorts are forced to cover and close most of their shorts. I am changing my thesis. I thought we will see a slow TSLA-esque short-covering in GME. Looks like we are setting up for something much quicker.
^(Disclaimer: This is based on ORTEX's best estimates. I am not a financial advisor. This is not investment advice. Invest in anything at your own risk.)
Tweet >Billy Donovan shares a metaphor about Bulls needing to learn how to win:
>“I’d like to go to the moon. I really would. I have no interest in doing what it takes to become an astronaut. So like, ‘I want to win.’ OK, great. Are you really willing to do what goes into winning?"
The Chicago Bulls blew a huge lead on Friday night in a 127-125 OT loss to Oklahoma City Thunder and are currently on a 4-game losing streak.
The Bulls were up by 10 points with two minutes remaining in that game, which gave them a 99.1% chance of winning the game from that point on.
Open Science (a movement to make all phases of scientific research transparent and accessible to the public) has made great strides in the past decade, but those come with new ethical concerns that the COVID-19 Pandemic has highlighted. Open science promotes transparency in data and analysis and has been demonstrated to improve the quality and quantity of scientific research in participating institutions. These principles are never more valuable than in the midst of a global crisis such as the COVID pandemic, where quality information is needed so researchers can quickly and effectively build upon one another's work. It is also vital for the public and decision makers who need to make important calls about public health. However, misinformation can have a serious material cost in human lives that grows exponentially if not addressed properly. Preprints, lack of data sharing, and rushed peer review have led to confusion for both experts and the lay public alike.
We are a global collaboration that has looked at COVID19 research and potential misuses of basic transparency research principles. Our findings are available as a preprint and all our data is available online. To sum up, our findings are that:
Preprints (non peer-reviewed manuscripts) on COVID19 have been mentioned in the news approximately 10 times more than preprints on other topics published during the same period.
Approximately 700 articles have been accepted for publication in less than 24 hours, among which 224 were detailing new research results. Out of these 224 papers, 31% had editorial conflicts of interest (i.e., the authors of the papers were also part of the editorial team of the journal).
There has been a large amount of duplicated research projects probably leading to potential scientific waste.
There have been numerous methodologically flawed studies which could have been avoided if research protocols were transparently shared and reviewed before the start of a clinical trial.
Finally, the lack of data sharing and code sharing led to the now famous The Lancet scandal on Surgisphere
We hope that we can all shed some light on our findings and answer your questions. So there you go, ask us anything. We are looking forward to discussing these issues... keep reading on reddit ➡
Okay I know you all have ADHD, have the attention span of squirrels, and were raised on Porn and video games, but try to pay attention. According to S3 Partners, as of yesterday the total short interest of float was 139.73%.
This is calculated by figuring out 71.8M shares are borrowed and sold short on a tradeable FLOAT of ~50M shares, out of a total of 69.7M shares outstanding. Many shares are locked up with GameStop officers, or in passive ETFs and will not actively trade hands, hence the ~50M of the 69.7M shares issued.
HOWEVER, some folks calculate the tradeable float is closer to 25-30M shares, which would mean the short interest as a percentage of the shares available to trade is closer to 200-300%.
The SQUEEZE that could happen has not even started:
Wallstreetbets went from 2.4M users at the beginning of this week to 5.3M users TODAY. The breadth, scale, and speed of this is unreal. People still talk about how crazy the 99 tech bubble was, but that was when less than <1% of people traded options and probably less than <5% of total retail traders by volume existed, AND social media penetration was minuscule comparatively.
Given that this is now a populist issue with bipartisan support and massive celeb support — I really think GME fucking explodes and does go over 1000. The fallout could the a few brokers dealers or a clearing house, and definitely several hedge funds. It won’t get too out of hand tho bc the fed will just backstop anyone huge. Ironically it would almost be direct Fed QE to the masses, which is something they’ve never been able to do.
TO THE MOON MY FELLOW RETARDS🚀🚀🚀🚀🚀
Podrick Payne. He is a sweet and caring boy. We know he may have a crush on her since he turned red everytime she spoke to him. And most importantly, he is as old as her. Him meeting Sansa is really possible since he follows Brienne.
It would be one of the only healthy relationship in the books, and I really hope that we will see it. I don't see them ending up married or anything, but I hope that Sansa will meet someone interested in her who is not a creep, an asshole or a sociopath.
Even though SansaXPod is not impossible, a romance with Sandor is more likely to happen (you may hate it, but there is a ton of textual evidence to back it up), or even a marriage with fAegon.
And if George doesn't make "Pod in the street, God in the sheet" canon in the books, what was even the point ?
Bulls all star shooting guard is not get traded anytime soon.
Regarding his Bulls future: "So it’s up to Artūras Karnišovas and Marc Eversley to figure out either how to build a championship roster around a maxed-out LaVine or maximize him as a trade asset. It’s my guess that that decision doesn’t get made during this season. And in the meantime, you hope LaVine continues this ascension."
The farmers have stopped just ahead of the Outer Ring Road. A number of them want to go straight. A large contingent of police, backed by water cannons and tear gas launchers, are imploring them to go right, as per a planned route.
Some folks seem confused about the fact that greater than 100% of GME floated shares are short. (example here.)
I'm here to tell you: IT DOES NOT MATTER whether the short percentage is above or below 100%. Even 20% of a stock being shorted is a bigass signal that locating enough shares to cover is going to be REALLY HARD.
So let's look at why 100% of shares shorted doesn't matter: Shorted shares work exactly the same as money multiplication in fractional-reserve banking. Picture a stock with exactly 1 share in its float, and that share is owned by autist "A". Shorter B borrows the share via a broker, sells to a buyer C, and the buyer C leaves it with the broker. The broker loans it out again to another shorter D, who sells to another buyer E.
Now there are two people who have shorted (B, D) and the short interest is 200% of the float. Note also: three people think they own the stock, and the total shares they own is 300% of the total shares issued by the company.
IT SIMPLY DOES NOT MATTER THAT 100% of the shares are shorted because there are now 200% of the shares in the hands of longs.
When you count up the total shares held by longs, even 1 share is loaned out for a short results in more than 100% of the float are owned by longs.
So GME has 113% of the float shorted on Friday, which means 213% is in the hands of longs. This is still a VERY tough scenario to cover.
tl;dr GME 💎🙌
If everyone just holds their shares and allow shorting of your shares. Even if it doesn't squeeze higher from here, you can collect 30+% annualized interest. You are a credit card company now, and the shorts will have to shell out at least $6 Billion a year to borrow those shares that they can't cover. Everyone just buy a single share, make sure it is not on margin, and the entire float could be tied up indefinitely. It is time to become the bank and collect the loan shark level interest rates from them.
Another reason we like the stock, is because it is a steady and stable revenue stream. This is a sound investment IMO. It's like we are buying bonds that actually pay well.
EDIT: A bunch of people asked about how to do this. Every broker is different. I have Ally and information about it is here.
And turning it on for me is as simple as checking a couple boxes.
There are some base requirements you need to have in order to do this, and it could vary by broker. Like having annual income above a certain amount, or an account that is a large enough size...etc
The requirements to do this on Ally financial are as follows.
To be a part of the program, you need to have a cash or margin account with at least 1 of the following:
The more I watch the news and read the more I feel this way. As a gay black man who often speaks in AAVE, there’s not a single cell in my body that wants to unify with people who question my existence as a fucking human. Why should I want to unify with racists,transphobes,homophobes, or anyone of that sort. What the fuck do I look like debating the validity of my existence, at my big age? I’m not about to sit down and beg someone to see me as a person who deserves equality and equity. If another grown ass adult chooses to be willfully ignorant, that is far from my problem.