Losses on short positions in U.S. firms top $70 billion reuters.com/article/us-re…
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πŸ‘€︎ u/XVll-L
πŸ“…︎ Jan 28 2021
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CNBC now running Ads promoting that Melvin Capital closed their short positions on $GME
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πŸ‘€︎ u/jordanpeterson9
πŸ“…︎ Jan 29 2021
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I suspect the hedgies are illegally covering their short positions

TLDR; Melvin and gang hasn't covered shit. They've been illegally "closing out" their short positions and if we hold they will 100% get fucked. There is far more nefarious shit at play.

So this morning I saw the S3 and Ortex data both report significant covering of short positions for GME. This absolutely threw me for a loop because Friday morning they reported above ~120% short interest still. I could not for the life of me figure out how someone could close >50% of short positions on such a tightly held stock in ONE day with very little trading volume in the week. This got me digging around to figure out what's up.

I started by looking into GME failed to delivers (i.e. short sellers not able to cover their position on a stock) for the first half of January and I was shocked to find that just in the first 15 days of Jan, GME had ~1.2 MILLION failed to delivers. This is before most of wsb or mainstream began buying.

What was interesting though, is that of that ~1.2million, ~700K shares were covered in chunks throughout the two week period. I dug further back into the SEC failed to deliver reports for GME and saw that pattern extending back months. It seemed almost as if the short positions were just being kicked down the road.

Having spent some time looking at the pattern, it's clear a large amount of failed to delivers come in, then a small chunk of coverage, then another large amount, and so on. To me this looked shady af so I looking into reasons that could cause that and discovered this article: https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf

In it, a specific section is eerily similar to what we've experienced with GME:

"Assuming that XYZ (e.g. GME) is a hard to borrow security (e.g. apes holding strong), and that Trader A (Melvin), or its broker-dealer, is unable (apes again) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A’s clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer’s close-out requirement, but in reality allows Trader A to maintain its short position without ever delivering on the short sale. Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of sho

... keep reading on reddit ➑

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πŸ‘€︎ u/DeeJay_Roomba
πŸ“…︎ Feb 02 2021
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Huge shoutout to Kevin O'Leary: "Definition of the market is speculation. If you are short you know run a new risk that these effective social media vigilantes are going to come after you and squeeze you and its good because it will make a lot of hedge funds think for a second time before shorting."
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πŸ‘€︎ u/GimliSagol
πŸ“…︎ Jan 30 2021
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Citadel reloaded their shorts before they told Robinhood to stop trading $GME twitter.com/justinkan/sta…
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πŸ‘€︎ u/synaesthesisx
πŸ“…︎ Jan 28 2021
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How a short/gamma squeeze on Tilray is causing the ENTIRE cannabis market to moon and how to avoid becoming a bag holder when this all comes crashing down

Obligatory: SIR, THIS IS A CASINO. This isn't financial advice in any way shape or form.

TLDR: This run is going to end with the cannabis stocks back down 50-80% or more from the levels they are at. $CRLBF is the real play here for the smart players that want USA exposure to the legislation. We just like the stocks now, not later.

Ok, listen up normies.

Yeah I'm talking to the newbies specifically because the OGs here already know everything I'm about to share, but your insufferable groupthink and movement mentality shit pissed me off enough to make a post. Don't post DD if you have no clue. Ask someone for help and take your ridicule until someone comes along to help you.

I used to post weekly DD on Sunday here a couple of years ago before one of you literally contacted my wife IRL. Not even kidding. So I made a new account. This is my first contribution back and I'm going to try and ensure some of you don't blow your chance at massive gains here by explaining what is actually going on.

CNBC and anybody telling you that this is just 'momentum' and 'sentiment' is lying to you. The hedge funds are playing these right along with us. Don't ask me for proof, this isn't Twitter. Reasons why they are playing with us:

  1. When there is money to be made, hedge funds and HFT funds are there before you
  2. The floats are so small on these they can take sizable positions on both sides and stand to have massive gains, all the while handing you guys the bags.

That's all you need to know.

So in response to all you posting "real DD" with why these companies are the best and you're going to hold to the moon and never sell:

I'm over it -- I can tell instantly how uninformed you are when I read some poorly thought out DD about why CGC or TLRY or APHA is a long term play because they're talking about USA legislation. These are Canadian companies. Get your head back on straight. You're here for the trade and the bet, not for the fundamentals, and if that's it, then fine, ignore the rest of this post and pick an exit, and if not, read on so you don't hold more bags.

This place has never been one to care for fundamentals, but let me talk some sense into you so you can post some gain porn and I can tell you to fuck off instead of you guys all yelling "MaNiPuLaTiOn ShOrT LaDdErS"

Let's take a look at some of today's gainers:

(changed tickers for automod avoidance)

$USMJay - Penny stock, worth absolute nothing for a reason

$SNDL \

... keep reading on reddit ➑

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πŸ‘€︎ u/OhSoRefreshing
πŸ“…︎ Feb 11 2021
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Jim Cramer admitting to how he manipulated the short selling market back in 2006. This needs to be seen by all! youtu.be/VMuEis3byY4
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πŸ‘€︎ u/RedRangerJ
πŸ“…︎ Jan 30 2021
🚨︎ report
GME short squeeze what comes next part 2

EDIT: Added a warning because people in the comments seem to think I’m trying to manipulate people

WARNING: THIS IS AN EXTREMELY RISKY PLAY: THERE ARE NO METRICS OR CURRENT DATA TO PROVIDE SOLID DD TO HAVE A MORE β€œCERTAIN” OUTCOME. WHAT YOU ARE TRULY BETTING ON IS OTHER PEOPLE. I WONT TRY TO CONVINCE YOU WHAT TO DO WITH YOUR MONEY. THIS IS MY SPECULATION, MY OPINION AND IT VERY WELL COULD BE WRONG

Hello all,

I wanted to post last night as many of you commenters have asked for however my building lost power and it was absolutely awful. I am currently a refuge and my ladies house and wanted to get this out to the world.

Disclaimer: I am not a financial advisor, but more importantly this is all simply speculation. If anyone wants to make counter claims they are more than welcome but word of advice to all readers. If anyone is claiming that they know exactly what is going to happen...they are lying. There simply isn't enough current data to push this either direction. I am a bull, big time and I would like to explain why.

First let's talk about yesterday

There are a lot of claims of short ladder attacks and the counter-claim is that it was MM's moving the price down. One thing appears certain, there is some sort of manipulation happening in an attempt to drive the price down. Whether this is MM's, HF's, or simply retail shorts and bears; there are a strange number of exchanges happening in a clear effort to lower the price. You can check out the real time quotes here.

Another large thought about why the price should have gone up yesterday was because of the options thats expired Friday 1/29 ITM. The rule is T+2 meaning these individuals have two business days to cover. Well, we expected a surge of these individuals covering and it simply never came. Everyone was glued to the screen Friday ATH waiting to see the spike of covering...but it never happened. Monday again...never happened. Tuesday...oh boy this is their last day they have to cover! Yet...they didn't. So what does this mean? Well, I see two possibilities.

  1. They somehow timed it perfectly and covered throughout the dips and spikes
  2. They haven't covered yet

I'm in the camp of number 2 hence why I am a bull. If they didn't cover that results in a Failure to Deliver which you can learn about here. So what does this mean for us? Well, that

... keep reading on reddit ➑

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πŸ“…︎ Feb 03 2021
🚨︎ report
Gamestop short interest just updated, it is now 78.46%
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πŸ‘€︎ u/CriticDanger
πŸ“…︎ Feb 10 2021
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There is no silver short squeeze happening. NONE. NEVER.

Silver might go up nicely and for a time but don't get high on hopium, this is not gonna go in the 100s.

https://twitter.com/michaeljburry/status/1356111612759789568

>A corner in the silver market has been tried before - and let's be clear, that is what is being attempted now. In 1980, a rule change by the government destroyed the corner. #silverthursday.

https://www.britannica.com/topic/Silver-Thursday

>Silver Thursday, the dramatic fall in the price of silver on March 27, 1980, following the Hunt brothers’ attempt to corner the market on the metal.

>Apart from a handful of reigning monarchs and despots, Nelson Bunker Hunt (1926–2014) was the richest man in the world at the start of the 1960s. Like his father, the legendary oilman H. L. Hunt, Bunker gambled big and got lucky. By 1970, although his wealth was accumulating faster than he could spend it, he foresaw a volatile economic future. Prevented by Franklin Roosevelt’s 1933 prohibition on U.S. citizens owning gold, Bunker and his younger brother William Herbert (b. 1929) chose silver, then standing at $1.50 per ounce, as their speculative hedge. Their initial caution vanished after Colonel Muammar al-Qaddafi nationalized the Bunkers’ Libyan oil fields in 1973. Furious, and paranoid that paper money would soon be worthless, the Hunt brothers then bought futures contracts on 55 million ounces of silver, eventually accumulating an estimated 100 million ounces of the precious metal. But instead of selling the contracts like normal commodity traders, they took delivery of the bullion and chartered three Boeing 707s to air-freight it to Switzerland.

>By 1979, they had engineered a genuine shortage of the metal. The Hunts owned $4.5 billion-worth of shiny, glittering silver, safely stashed in Swiss vaults. Still the price climbed, until on January 17, 1980, an ounce cost $49.45. Such rampant speculation and profits triggered new government oversight, prompting the Federal Reserve to suspend trading in silver. The boom was suddenly over, but the Hunts still had to honour contracts to buy at prices over $50. The day the market plungedβ€”March 27β€”silver fell to $10.80, the metal’s biggest single collapse. Upon losing some $1.7 billion, prompting Bunker to quip, β€œA billion dollars isn’t what it used to be,” the Hunts had become the (then) greatest debtors in financial history, and though New York banks allowed them $1.1 billion credit towards clearing their obligations, they were personally

... keep reading on reddit ➑

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πŸ‘€︎ u/MarioBuzo
πŸ“…︎ Feb 01 2021
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I'm a tall, thin guy but have got cartoonishly short, wide feet.
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πŸ“°︎ r/WTF
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πŸ“…︎ Feb 04 2021
🚨︎ report
15 U.S.C.A. Β§ 78i - the Illegality of Short Ladder Attacks (Legal insight)

Dear SEC and President Biden,

I am calling on you today, pursuant to 15 U.S.C.A. Β§ 78i, titled Manipulation of Security Prices, to prohibit manipulative and deceptive tactics that artificially depresses the price of GME and AMC securities in contravention of the laws of the United States.

Section 78i(a) clearly states that "It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange -- (2) To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others."

Currently, GME and AMC stock prices are actively being manipulated using a mechanism called "short ladder attacks" to depress the price of these stocks in contravention of 15 U.S.C.A. Β§ 78i. "Short ladder attacks" occur when large institutions in possession of the aforementioned stocks sell them for just less than market value in rapid succession between one another in order to drive the price down. The fact that short ladder attacks exist is apparent from on-going market activity that can be seen here

https://www.reddit.com/r/wallstreetbets/comments/la682h/visual_representation_of_a_short_ladder_attack_4/

https://i.gyazo.com/d33d2d9346092b3c041c54fc394225c3.png

(Check this from the huge dip last Thursday. No volume but still an enormous dip in price)

https://preview.redd.it/nmiqx27md4e61.jpg?width=1170&format=pjpg&auto=webp&s=f3e61c081b3332670eaa8b972c309c6d56177e33 https://www.reddit.com/r/wallstreetbets/comments/l71yxn/ladder_selling_explained/

check this out

Such blatant attacks readily establishes prima facie case of market manipulation and must be investigated by the SEC immediately. Further silence from the SEC on this matter, which can be investigated quite quickly, not only encourages further market manipulation but also further diminishes public trust and faith in the U.S. Government.

Finally, section 78i(f) makes it clear that "Any person who willfully participates in any a

... keep reading on reddit ➑

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πŸ“…︎ Feb 01 2021
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The real DD on SLV, the worlds biggest short squeeze is possible and we can make history

Update 2/4 - someone went ahead and spelled out the mechanics of the squeeze quite well and I would like to give their post attention https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv_is_not_going_to_get_squeezedslv_is_the_trojan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Update 2/2 - I am able to comment again. I messaged several mods on Reddit and the mod account on Twitter. None of them responded but it appears I am able to comment again so I assume one of them lifted my ban

Update 2/1 - I have been banned from posting on WSB. I guess they aren’t yet deleting my post here given the media attention. If this was a rogue mod I’d appreciate being restored the ability to post on WSB. I’m open to talking to any mods

Update 1/31 - there have been tons of 'what to buy' questions so I added a clarity post, hope it helps. It's also getting downvoted to hell because its not about GME so that's discouraging. The speed at which the downvotes flew in makes me think someone made bots to crush new posts related to SLV (or maybe anything not GME). It makes no sense for this post to have 93% upvotes and my new one to have 28%.

I have not sold my GME to buy SLV. I had a small pre-existing position in leaps I bought months ago.

Created an official Twitter handle not sure if I’ll use it, but didn’t want anyone to impersonate me on there

Here is the longer DD for the short squeeze case for SLV, a follow-up from my shorter post a few hours ago. Note that I talk in first person as this is something I’m going to do. Everyone is free to do as they individually please and copy my trade if they’d like to. I think it’s absurd that forces at be think this forum is manipulating by posting publicly but that’s where we are at right now.

First things first, I'm not doing this until the GME rise is done. I am long GME but am going long SLV immediately after.

Update 1/29: due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail.

**I

... keep reading on reddit ➑

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πŸ‘€︎ u/TheHappyHawaiian
πŸ“…︎ Jan 28 2021
🚨︎ report
HOORAY FOR CHARLES PAYNE! β€œThe shorts have had their way with the market for decades, and no one has ever complained about it, so i am thrilled, that individual investors are playing the same game, and now you (big hedge funds) are losing” - Charles Payne.
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πŸ‘€︎ u/Omaha_Beach
πŸ“…︎ Jan 28 2021
🚨︎ report
Rage Against the Machine Unveil Killing in Thy Name Documentary About β€˜the Fiction Known as Whiteness’ | The short film is in collaboration with The Ummah Chroma spin.com/2021/01/rage-aga…
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πŸ‘€︎ u/TommyKnotts313
πŸ“…︎ Jan 25 2021
🚨︎ report
TIL that it is illegal to trade onion futures in the United States due to the 1958 Onion Futures Act, after two traders in 1955 purchased 98% of the onions in Chicago and subsequently crashed onion prices while holding short positions on onion futures. en.wikipedia.org/wiki/Oni…
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πŸ“…︎ Jan 29 2021
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Will the real Short Interest please stand up

This is a discussion post to learn and discuss about the latest GME SI data. As a retard GME bag holder I want to know what is the different between the data published by FINRA and the data published by pretty much every other venues. I will be posting compilations of sources here

FINRA Data published by Morningstar shows GME SI at 78.46% of float.

Others posted SS also showing at 78.46%

FINTEL data from this fellow retard posted for GME at 44.02%

WSJ posted data showing GME SI at 41.95%

Bloomberg terminal shows data at 42.61%

Marketwatch data shows 41.95%

Ortex reports 43.36%

CNBCunt Reported "about 50%" lol

TDAmeritard is showing 42.24% of float. Will post SS tomorrow.

Update 1:

My fellow retards. I searched the internet far and wide and I still dont have an answer to this. There are many theories but nothing rock solid and conclusive. Maybe I am too retarded. To add to the fuckery I added AMC below

Finra reports AMC SI at 15.70%

WSJ reports AMC SI at 66.06%

Update 2:

Thank you u/sidepart for figuring out the Math. Please check his post here explaining the big number in pretty crayon colors. The number of short is constant at 21.41 million shares shorted. The next mystery is why FINRA use 27.79 millions free float vs WSJ, bloomberg using 50.62 millions free float shares. Did institution just bought 23 million shares and this data is yet to be reflected by wsj and bloomberg ?

πŸ‘︎ 14k
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πŸ‘€︎ u/the_hypothesis
πŸ“…︎ Feb 10 2021
🚨︎ report
GME and AMC short interest data

Finra, Fintel, and Wall Street Journal are reporting different percentages.

Finra - GME -- Short Interest: 78.46
Finra - AMC -- Short Interest: 15.70 (some people have reported that it's not updating for them and they still see 38.12)

Fintel - GME -- Short interest % of Float: 44.02
Fintel - AMC -- Short interest % of Float: 68.48

WSJ - GME -- Short interest % of Float: 41.95
WSJ - AMC -- Short interest % of Float: 66.06

Edit 1: As a post mentioned earlier today, Citadel has lied before about their short interest data. There is a small fine of, like, $149,000 for doing so. Paying the fine could save them billions of dollars, so it's possibly that all of the data is completely inaccurate.

Edit 2: Stop commenting that it's old data. We were waiting for data for the 29th. The reports are behind. This is the data that came out today, I assure you.

Edit 3: I usually use Fintel, not Finra, but I don’t think some of the people commenting are right in assuming the Short Interest on Finra is the % of the float. Short interest β‰  Short Interest % of Float. They are different. Some other posts that recently updated are just throwing a % sign on there and saying it's % of float

Edit 4: Hedge funds, if you're reading this right now, go fuck yourself.

Edit 5: I’ve got about 750 shares of GME and a little over 8,000 AMC. I’m holding both. The discrepancies in the data across all these sites is all you need to know. To the moon πŸš€πŸŒ’

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πŸ“…︎ Feb 10 2021
🚨︎ report
A MESSAGE FOR GME SHORT SELLERS

Good evening you pieces of shit,

Why do you keep doubling down on your short positions? Why are new hedge funds are coming in and scooping up new short positions? What the fuck are you shitstains on society doing? What the fuck is wrong with you? Do you understand who we are?

We don’t fucking play here. We lose money for fucking breakfast. Every day. And then we come back and lose even more fucking money. We buy out of the money weeklies on fucking THURSDAYS. We don’t give a fuck. This is what we do. We do this. We don’t fucking play around. We come here to risk it all. We come here to YOLO our children’s college funds away just to post memes about it.

Your plan was really just to put us in a position where all we have to do is hold SHARES? Say less fam. I haven’t owned a share in four years. I sold AAPL AMD and ENPH calls last week just to buy shares of GameStop and fuck you up as much as possible so we can make memes about it.

Double down, triple down, quadruple down, take every penny of your rich boomer clients money and put it on the table. Sink the entire already artificially propped up economy over it. We know you will. And because we know you will, we are going to make you do it. Just like the coyote blindly chasing the roadrunner off of a fucking cliff. Chop off your whole head to spite your face.

Take all your boomer ass money and put it on the table. We are here for it. My shares are available for $10,000 before 6 pm today. For every hour after that, Im asking another $250. Go fuck yourself.

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πŸ“…︎ Jan 29 2021
🚨︎ report
The anatomy of a Short Escalator Omega Overflow attack - why GME’s real price is $2,147,483,737

Hey diamond hands,

as I am sure you have heard, there are rumors that short ladder attacks are being used to suppress the price of GME. While I held this belief for many days, I am now beginning to realize that even more insidious and backhanded techniques are being used against us. I mean seriously, there is simply no reasonable explanation for why a stock should drop in price. None.

The good news is that Melvin is more scared than ever. The bad news is that today was no short ladder attack. No, it was far worse.

Today we experienced a Short Escalator Omega Overflow attack

Most people here have at least a few days of investing experience under their belts, so I'm not going to dumb down these concepts for you. If you can understand a short ladder attack, you can understand this tactic as well.

Basically, a Short Escalator Omega Overflow attack (or Overflow attack for short) is the opposite of a short ladder attack. In a short ladder attack, shares are traded back and forth, with each trade a penny lower. In an overflow attack, the attack chooses to instead trade shares to an accomplice at incredibly high prices. How high you ask?

$2,147,483,648

That's right, hedge funds have been selling single shares for billions of dollars right behind our backs. Why this price though? It's simple.

Every investment app, RH, TD, etc, use 32 bit integers to store prices. The maximum value of a 32 bit integer is 2,147,483,647. So what happens when it goes up by one? It goes negative.

This means that every share in an overflow attack is worth: -$2,147,483,647

What do you think this does to the price of a stock? If you answered bad things, you are correct. The sale of one of these shares is enough to send the price of a stock far into the negatives. Didn't think that stocks could go negative? I'm not surprised - that's another hedge fund secret. They don't tell you THAT on investopedia!

But as the critical thinkers you are, I'm sure you will now ask:

"Why isn't the stock price negative right now?"

The answer is because the squeeze is happening RIGHT NOW. Paper hands laughed at the idea of an infinity squeeze, but it happened and it was big. So big in fact that it overflowed the price itself.

MATH TIME

So we know that GME overflowed in the squeeze. But by how much? Well we know that the price right now is $90. But we have to take the overflow squeeze into consideration.

If there is -$2,147,483,557 of pressure on prices, then to reach $90 the stock must cost 2,

... keep reading on reddit ➑

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πŸ‘€︎ u/Nungie
πŸ“…︎ Feb 04 2021
🚨︎ report
Evidence points to GME Shorts not having covered but pretending they did (via the use of options to illegally "cover" with synthetic long shares) to break the squeeze

Long post ahead, but I encourage you to read the whole thing. (This is a re-post and an updated version of a GME DD that reached the front page of WSB and many requested it to be pinned. I am re-posting for visibility and because I believe the message should be shared, particularly at this junction in time. If you've seen this post before, I would appreciate an upvote for visibility)

TLDR: Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered, specifically an illegal method/loophole to "cover" their shorts with synthetic long shares generated from the use of options. Full details below.

There’s an insightful piece on TradeSmithDaily that identifies two ways for both short interest and price to fall quickly.

The first scenario is from retail investors not holding the line and panic selling, driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels.

**

From TradeSmithDaily:

Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions.

**

The second scenario is where hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further β€œbreaking the squeeze.”

**

From TradeSmithDaily:

The way the hedge funds could have done this β€” made it appear as if they covered their shorts, even when they really didn’t β€” involves trickery in the options market.

The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a β€œrisk alert” memo on the topic in August 2013.

The SEC memo is titled β€œStrengthening Practices

... keep reading on reddit ➑

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πŸ‘€︎ u/rainforest11
πŸ“…︎ Feb 07 2021
🚨︎ report
CIBC, Bank of America, UBS and TD Bank stand accused of coordinating β€œabusive” naked short selling and spoofing strategies

International brokers sued over naked short selling allegations CIBC, Bank of America, UBS and TD Bank stand accused of coordinating β€œabusive” naked short selling and spoofing strategies in US and Canadian stock markets by a Bermuda hedge fund that claims to have lost tens of millions of dollars as a result.

Harrington Global Opportunity Fund has filed a suit at the US District Court for the Southern District of New York alleging that various US and Canadian financial institutions, through their broker divisions, manipulated markets and drove down pharmaceutical company ADVANZ PHARMA’s (formerly Concordia) share price in 2016.

The specialist pharmaceutical recapitalised and rebranded in 2018 after being embroiled in a long-running dispute over apparent price hikes and accusations of mismanagement by its founder and CEO Mark Thompson, who stepped down in 2016.

According to the suit, the defendants, which include several unnamed US and Canadian individuals, allegedly flooded the market with false sell signals by simultaneous naked short selling β€” in which the trader does not borrow a stock, or determine that it can be borrowed, before they short sell β€” and spoofing β€” a form of high-frequency trading that artificially inflates perceived demand of a security β€” which created millions of β€˜phantom’ shares.

These practices violate the US Securities Exchange Act 1934 and Regulation SHO.

The result, Harrington suggests, is that Concordia’s stock price tumbled from $34.77 to $1.83 over 11 months.

According to the complaint, Harrington sold 9 million Concordia shares on US and Canadian markets, including the NASDAQ and the Toronto Stock Exchange, in response to the defendants’ alleged illegal market manipulation.

Harrington is seeking damages, legal fees and interest.

It is alleged that in 2016 there were approximately 238 million shares of Concordia stock that were sold short on the Canadian and US exchanges, constituting around 58 per cent of the approximately 410 million Concordia shares traded during the period in question.

However, Harrington argues that only 40 million shares were actually issued for trading, meaning the short sale turnover rate was approximately 600 per cent.

β€œThe enormous discrepancy between the 40 million shares issued by Concordia for trading and the approximately 410 million Concordia shares traded during this period represents an astonishingly high turnover rate of 1,000 per cent,” the suit states.

The fund alleges that a β€œ

... keep reading on reddit ➑

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πŸ“…︎ Feb 12 2021
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PROOF that GME is not a sell off but short attacks

Check the nasdaq daily short volume data. GME was shorted 77% of the volume yesterday. Short attacks and not a sell off. Don’t confuse daily short volume data with short interest data which comes out tonight and twice a month.

Go to the official government site here

https://www.investor.gov/introduction-investing/investing-basics/glossary/short-sale-volume-and-transaction-data

Click on NASDAQ (includes The Nasdaq Stock Market, Nasdaq BX and Nasdaq PSX markets)

it'll take you to

https://nasdaqtrader.com/Trader.aspx?id=shortsale

and go to Access Options -> Short Sale Data Files

It'll take you to this

ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/

This proves that the drop was mainly shorting and not selling. Check last week and you’ll find the same proof.

Edit: A reminder that this is my opinion and not financial advice. I'm not recommending anything. Look at the data yourself and come to your own opinion.

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πŸ‘€︎ u/crazysearch
πŸ“…︎ Feb 09 2021
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UPDATED JAN 27TH SHORT INTEREST DATA POSTED BY S3 PARTNERS THIS MORNING reddit.com/gallery/l642ms
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πŸ‘€︎ u/Sleavitt10
πŸ“…︎ Jan 27 2021
🚨︎ report
Scientists report the first evidence that, not short-term stress, like a series of tough college exams, rather chronic, unpredictable stress like that which erupts in our personal and professional lives, induces changes in the function of AgRP neurons that may contribute to depression eurekalert.org/pub_releas…
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πŸ‘€︎ u/Wagamaga
πŸ“…︎ Feb 11 2021
🚨︎ report
I used to work @ Merrill. Here's what likely happened today with Robinhood and what it means for short-squeezing investors

I just wanted to throw this out there in the middle of the outrage, in the hopes that someone can take it in and strategize, rather than be upset. Worked @ Merrill as an analyst from ** - **.

I also like to keep it concise so follow along. This ain't a fucking Qanon fan fiction.

Disclaimer: I own GME. This is not financial advice. This is just some dude chatting with his old buddies.


  1. Robinhood, restrictions, suppression:

When you place an order through RH, Citadel or some other HFT front runs your trade and pockets the spread; However, the transaction is not complete.

Enter: Clearing house. The clearing house is the intermediary between the counter-parties. Because they stand between sellers & buyers, they have very defined levels of risk, risk management and regulation to be in front of. The clearing house is who gives you the "title" for your shares, the folks who make it official.

What Likely Happened: The risk department retard @ the clearing house, who does jack shit all year other than flag Stacy's trade so he can get some face time with her runs to the C-Suite frazzled; He has looked at option open interest expiring this week, has done the math and there simply isn't enough float for GME in anyway, shape or form; turns out WSB is printing out their stock certificates and burying them in the Mojave Desert. It's simply not enough.

In addition, they got a Snapchat from SEC/OCC which said hey, if you fucking keep selling open positions, you're on your own; we ain't gonna help you. SEC is sneaky like that; they like sending messages through the backdoor, not the front because they used to be hedgies themselves. If you're not following, Front door is making a public statement while the backdoor is a threat sent to an intermediary who you and millions of investors don't even know exists.

So, they call up the risk department at RH and tell em to stop fucking selling GME, there simply isn't enough float, the SEC told the clearing house they're on their own and who tf is gonna take the blame/liability if there's a "failure to deliver"?


  1. Failure to Deliver:

This is a pretty big deal because it's basically a slam-dunk law suit.

Failure to deliver means that one of the counterparties (in this case, the firm who sold you the option, RH or the clearing house) has failed to deliver you a contractually obligated position, profit or certificate.

... keep reading on reddit ➑

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πŸ“…︎ Jan 29 2021
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[Megathread] Megathread #2 on ongoing Stock Market/Reddit news, including RobinHood, Melvin Capital, short selling, stock trading, and any and all related questions.

There is a huge amount of information about this subject, and a large number of closely linked, but fundamentally different questions being asked right now, so in order to not completely flood our front page with duplicate/tangential posts we are going to run a megathread.

This is the second megathread on this subject we will run, as new and updated questions were getting buried and not answered.

#Please search the old megathread before asking your question, as a lot of questions have already been answered there.

Please ask your questions as a top level comment. People with answers, please reply to them. All other rules are the same as normal.

#All Top Level Comments must start like this:

>Question:

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πŸ“…︎ Jan 29 2021
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DON’T LISTEN TO LIES, SHORTS HAVEN’T EVEN BEGUN SELLING.
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πŸ‘€︎ u/willowhawk
πŸ“…︎ Jan 29 2021
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Regulatory agencies overseeing short selling activities of big hedge funds v.redd.it/kxxvh4zn5qe61
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πŸ‘€︎ u/hex17or
πŸ“…︎ Jan 31 2021
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How Friday's GME gamma squeeze may trigger a short squeeze on Monday and Tuesday

I don't know if anyone else noticed, but Friday was kind of a big one for GME. It ripped face from $43 up to $75 in the morning session. That was fucking wild, even for this autist's dream of a stock.

Others have already commented on why this has happened, but I'll summarize for the dunces in the back. In short, the market makers wrote a LOT of OTM calls last week, and then had to buy shares to cover when those calls went ITM around noon. This is what caused the absurd spike from $50 to $75 in just an hour and a half. That's the gamma squeeze that everyone has been talking about, where MM's couldn't cover fast enough.

The rest is history, GME closed at $65, and every single call that expired yesterday was ITM. That's fucking retarded.

What this means, though, is that the MM's/brokers are going to have to deliver a ridiculous amount of shares when these expired options settle. Typically, settlement is on Tuesdays. I've read estimates that 10-15M shares worth of calls expires ITM last Friday. Again, this is fucking retarded.

Please note that none of the above movement relates directly to the short squeeze... but it will. Because there are now 10-15M shares tied up in the clearing houses, there are now even fewer shares to be borrowed. There are estimates that the true short interest on this stock was around 300%. Now, with about 20% of the total float committed to the fucking clearing house as they sort out Friday's shitshow, I expect true short interest is closer to 500%.

Demand for GME will continue to pump on Monday. This is a cultural event now, where every lay person can be a modern-day Robin Hood. The shorts are going to have their positions closed whether they like it or not if this continues (which it will). Since there are far far far fewer shares floating over the next 2 trading days, though, a squeeze on Monday or Tuesday could utterly destroy Melvin and the other shorts.

If RC even opens his twitter app this weekend, it's over.

Positions: Take what's yours, gents.

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πŸ‘€︎ u/psytokine_storm
πŸ“…︎ Jan 23 2021
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GME IS OUT OF SHARES TO SHORT ! KEEP HOLDING GUYS WERE GOING TO THE MOON BABY ! πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€
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πŸ“…︎ Feb 12 2021
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Jim Cramer openly admitting to the immoral "tricks" he and other short sellers use to manipulate stock prices youtube.com/watch?v=VMuEi…
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πŸ‘€︎ u/jamsi
πŸ“…︎ Jan 30 2021
🚨︎ report
Amazon reacting to the market by discounting rentals of The Big Short
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πŸ‘€︎ u/Limewire-
πŸ“…︎ Jan 29 2021
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How There is No Mathematical Way Shorts We're Covered for Jan 13th, 22nd, or 25th with GME's 69.75 Million Outstanding Shares

EDIT: This post is meant as a mathematical (~Middle School Algebra) exercise regarding GME stock and shorts. The title itself is meant to be the literal end as intended, and describes how it would be impossible for all shorts (estimated) to be covered, closed and completely done and finished, with only using the available outstanding shares on the specific days stated. Please note that I have made no comments on possible options that HF's can/did use as I DO NOT HAVE THAT DATA! I have, hopefully, labelled the assumptions I made to do these calculations, and pointed out some general assumptions,more shorts mean more gains, sarcastically, that do not always appear to be true in the given data.

These are just general findings, so chill the fuck out!

Please note that the below plots are all done using publicly available data from FINRA, Jan29th text file ( http://regsho.finra.org/CNMSshvol20210129.txt) Feb 5th text file (http://regsho.finra.org/CNMSshvol20210205.txt) regarding short volumes and Yahoo Finance for daily volume and GME daily prices.

I promise you the long read is worth it, but the TLDR version is at the bottom in Figure 9. The majority of the text is needed to inform a general audience of how an estimate of over 70 million shorts a day was reached. Please help out if there are any huge oversights, or wrong calculations, in the comments below, as I'm not responding to nearly any chats these days due to all the bots wanting me to either join an illegal conspiracy to raise the price of silver, or just shady as fuck.

Below is just a plot of the daily stock prices at the open and close of trading during regular hours for GME (source Yahoo Finance).

Figure 1: No real new information from this plot that everyone doesn't already know.

So as EVERYONE KNOWS, shorts can cause the price to rise in a given stock as the share of stock must be purchased, and with supply and demand, we aim for the heavens...

Figure 2: Shorts and Short Exempts (note y-axis is in MILLIONS) as reported by FINRA during regular business hours.

So let's do a quick sanity check. Looking at Figure 2, we see t

... keep reading on reddit ➑

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πŸ‘€︎ u/President_Wolfe
πŸ“…︎ Feb 07 2021
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Bloomberg and other media is trying to tell us that it’s over and short interest for $GME has dropped all the way from 120% to 39%. ⚠️This is false.⚠️ That massive amount of short closing would show as a MASSIVE increase in volumeπŸ“ˆ and MASSIVE increase in stock priceπŸ“ˆ BUY THE FUCKING DIPπŸš€πŸš€ forexlive.com/news/!/shor…
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πŸ‘€︎ u/yabou456
πŸ“…︎ Feb 01 2021
🚨︎ report
TIL In stocks, being "short" a stock means you have sold a borrowed share, in hopes that it gets cheaper. You owe a share back, but you are "short" it until you buy it back to return to the lender. investopedia.com/terms/s/…
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πŸ‘€︎ u/AvalieV
πŸ“…︎ Jan 29 2021
🚨︎ report
SILVER BIGGEST SHORT SQUEEZE IN THE WORLD $SLV 25$ to 1000$

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

All of the best mines for silver have already been depleted in recent years. There is a severe supply shortage developing. At the same time, demand is skyrocketing. Solar panels, electric cars, electronics and many other products need more silver than ever.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at $1,000 instead of 25$.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.

Tldr- Corner the market. Gold Ventures thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.

If the brokerages close trading on $SLV or various silver miners, we can continue to squeeze the market by purchasing physical silver at online or local silver/gold dealers. It all trickles into COMEX to squeeze supply.

Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

Follow On Twitter at Galactic_Trader

Tweet this post to your followers on Twitter or other social media. Ask them to Retweet.

https://preview.redd.it/udnojohal3e61.jpg?width=1049&format=pjpg&auto=webp&s=c5be503e801daf878567cf4a520e9e2beea241ed

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πŸ‘€︎ u/RocketBoomGo
πŸ“…︎ Jan 28 2021
🚨︎ report
GME short interest may be over >100% - the question appears NOT IF it is over-shorted, but WHICH >100% it may be

Thesis: GME short interest may stand at minimum 107% since January 27th. Only 35% of pre-squeeze shorts may have been covered since January 27th.

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."-Mark Twain

------

I) The Short Interest Numbers

Short interest ("SI") is calculated by shares shorted over total outstanding shares. See https://www.investopedia.com/terms/s/shortinterest.asp; https://www.investopedia.com/ask/answers/06/shortedstock.asp. Apparently other firms have used different versions of float. All other forms of float are likely incorrect, and not likely used by Finra. This is an important assumption - if I am wrong here, then fuck.

Edit (to above): People are suggesting my float is wrong. That is exactly my point. I am using float as outstanding shares b/c we don't know what it is. If someone actually knows the float used by FINRA, post it; this post is then useless. The math working backwards from 226% is fair game, however. That's why it's possible I'm wrong (see https://www.highshortinterest.com/). See also comment by JeanGuyRubberboots below (ctrl+f). Either way, it's remarkable that $GME on some sources is still the most shorted stock. I want to see the actual float used by FINRA. Until then, here's the math based on the SI equation.

Total outstanding shares of GME is 69.75 million. See https://finance.yahoo.com/quote/GME/key-statistics/.

Finra SI of GME is .78 as of January 27th. See http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0.

.78*69.75 million = 54.405m. Thus, 54.045m million shares are short GME of January 27th.

To calculate real SI, we remove insider ownership. Another big assumption. Insider ownership stands at 19.06m. See https://finance.yahoo.com/quote/GME/insider-transactions/.

Thus, free float is outstanding shares less insider ownership shares. 50,750,000 shares.

**Real SI appears, at minim

... keep reading on reddit ➑

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πŸ‘€︎ u/inverseyourself
πŸ“…︎ Feb 13 2021
🚨︎ report
Man got stuck on his balcony in shorts and a t-shirt during a blizzard. v.redd.it/12np1kluw1g61
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πŸ“…︎ Feb 07 2021
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GME : 138% Short Interest and 193% shares on the market, STOP EVERYTHING AND READ

Forget the Shorts %, look at those numbers!!

In the post below, it says 1,43MM Etoro customers hold GME Stock, 11% of Customers:

I myself, have 1500, a lot of people have thousands or hundreds of them, more now with Bid price. But let's take lower average of 5shares/pers = 7MM shares on Etoro.(lower average)

Now, we all know that GME was on top list of RH users, but lets take the same % (lower case scenario) of RH users and same amount of shares:

As they Arte the same users number on RH than Etoro (13MM) = extra 7MM shares on RH (lower average)

Now what about Fidelity users:

32MM users so 11%= 3,52MM x 5shares = 17,6 MM shares on Fidelity (lower average)

DEGiro has 600K users:

600K x 11% x 5 = 330K shares Degiro

What about Trade 212 : 13MM users= 7MM shares on T212

ANd I am not counting the whales and those by brokers in direct

so we have here on those most popular APP = 7 + 7 + 17,6 + 0,33 + 7 = 38,93MM retailers Shares

Yes you read that right !!! 39MM shares detained by retailers without counting the others app or direct brokerage or even the whales, and I took a lower average!!

We know that they the Float share is 48,89MM

OK now you see what I see right? Hold your belt !!!

Last data shows 110% of Institutional Share = 110%/48,89 = 53,779MM institut (lower as I think is higher)

38,93MM + 53,78 MM = 92,7MM Shares detained within Institutions and Retailers while only 48MM are available

==============>>>>>>>>>>>> GME is detained at 193% TOTAL !!!!!

Shorts = 73% so 73% of 92,7MM = 67,6 MM Stocks are shorted

67,6MM but 48,89MM is the real Float = 138% real short Number !!!!

https://finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html

In this article it said 4,5% of Americans detained at today GME Stock , let's take just 2% with only 5 GME share= 2% x 5 x 329MM = 32,9MM detained by Americans and let's say just 20% extra for rest of the world.

32,9 + 20% = 39,5MM shares by retailers remember up when I said 38,9 MM ??? Quite close right??

TNDLR

Retailers hold 39MM Shares = 80%

Institutions hold 113 %

Total= 193 % shares are on the market

SO the real Shorts number is 138%

Alright , I am going to serve myself a Gin Tonic ! do you even realize what s that means? it is even worst for HF that we even dreamt abo

... keep reading on reddit ➑

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πŸ‘€︎ u/luxowoman
πŸ“…︎ Feb 11 2021
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Listen to me: We CANNOT trust the short interest numbers this week.

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.

This is probably a lie.

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 ➑

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πŸ‘€︎ u/vinlo
πŸ“…︎ Jan 31 2021
🚨︎ report
The amount of outstanding shorts barely declined. Still over 25 million outstanding reuters.com/article/us-ga…
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πŸ‘€︎ u/emporio_san
πŸ“…︎ Feb 05 2021
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Let’s all give Robinhood a 1 star review for Market Manipulating buy blocking buying on stocks most hurting shorts.
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πŸ‘€︎ u/YoungBuckChuck
πŸ“…︎ Jan 28 2021
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If You're a Real 🐻, You'll go short on $USD here's how

Step one: Take out a loan of as much money as your credit allows at today's low interest rates.

Step Two: Take your bundle of cash to Costco and buy their entire inventory of non-perishable food items

Step Three: Wait for the $USD to be hyper inflated by the Federal Reserve's 2020 shenanigans.

Step Four: Resell your beans and use the money to repay the loan. Keep the difference.

Congratulations, you're now financially stable in a crashed economy and have enough food that anyone else would mistake you for a doomsday prepper. I am not a financial advisor. This is not financial advice.

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πŸ‘€︎ u/Phil-Rogers
πŸ“…︎ Feb 12 2021
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Goldman Sachs says this is the biggest short squeeze in 25 years. With shorted stocks up 98%. And I'm suppose to sell? Riiiiiight
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πŸ‘€︎ u/cannainform2
πŸ“…︎ Feb 01 2021
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I am Rick Smith, the founder and CEO of Axon Enterprise. Years ago, we were almost brought down by attacks from short sellers, and I'm passionate about short seller reform (an issue that has gotten attention thanks to Reddit's WallStreetBets). AMA!

Hello again Reddit! I enjoyed my last AMA with you all and I'm glad to be back again on a subject near and dear to me: short sellers.

About a decade and a half ago, my company came under short seller attack. We faced a highly-coordinated PR and legal campaign, and it almost brought the company down. What made no sense was that our company was thriving, on track for its best year yet and consistently crushing analyst expectations. We discovered in time that the shorts had worked the media, contacted regulators, colluded with someone in our company, and timed their trades just before bad news broke.

The damage was significant. More than a billion dollars in shareholder equity vanished, much of it into the pockets of the short sellers. These attacks can get personal, too. At one point, I faced death threats and moved in order to keep my family safe.

I know other executives who have equally brutal stories about short attacks. But we don't talk about them. Our lawyers urge us to settle; our comms people urge silence. No one wants to be on the wrong side of a short attack. But seeing what WSB did these past few weeks made me want to speak out.

This is a long overdue fight, and I'm happy to answer questions about what I went through and how we can fix the system so others don't have to go through it. There's actual reforms needed here, and some of them are common sense and simple. And of course, happy to talk about anything else on your mindsβ€”entrepreneurship, Arizona, Star Wars, or all of the above.

Proof: https://imgur.com/cFZfA2k

Update: Hey everyone, thanks for all the great questions. My kids want me to play with them before they have to go to bed, so I’m going to check out for now. But I really do appreciate doing these and all the input and questions! Thank you!

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πŸ‘€︎ u/Rick_Smith_Axon
πŸ“…︎ Feb 03 2021
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'$2,000 Means $2,000': Ocasio-Cortez Says $1,400 Payments in Biden Plan Fall Short of Promised Relief commondreams.org/news/202…
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πŸ‘€︎ u/-martinique-
πŸ“…︎ Jan 15 2021
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Why $GME short interest appears to have fallen when in reality it has not.

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:

  1. Before expiration, the fund doesnt do anything, he has to pay the daily fee of the short interest on his shares and he loses value on his call as well as gains value on his put (because he sold it). This can draw out the short squeeze by month!
  2. At expiration, if the share price is above purchase price, he can exercise the call, return the shares and the put expires worthless so he keeps the premium.
  3. If the share price goes down, the call expires worthless but he buys shares with the put and returns these shares to close his short position.

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!

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πŸ‘€︎ u/Semmel_Baecker
πŸ“…︎ Feb 01 2021
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Evidence pointing to shorts did not cover pretended they did (via options) to break the squeeze

Long post ahead, but I encourage you to read the whole thing. (This is a re-post, if you previously saw this I would appreciate an upvote for visibility. The previous post got a lot of traction but was removed a mod. I spoke to a mod on the team after and he kindly agreed to approve a re-post.)

TLDR: Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered, using an illegal method/loophole to "cover" their shorts with synthetic long shares generated from the use of options. Full version below.

There’s an insightful piece on TradeSmithDaily that identifies two ways for both short interest and price to fall quickly.

The first scenario is from retail investors not holding the line and panic selling, driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels.

**

From TradeSmithDaily:

Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions.

**

The second scenario is where hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further β€œbreaking the squeeze.”

**

From TradeSmithDaily:

The way the hedge funds could have done this β€” made it appear as if they covered their shorts, even when they really didn’t β€” involves trickery in the options market.

The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a β€œrisk alert” memo on the topic in August 2013.

The SEC memo is titled β€œStrengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You

... keep reading on reddit ➑

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πŸ‘€︎ u/rainforest11
πŸ“…︎ Feb 05 2021
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JUST A REMINDER: Shorts don't have an expiration date!

Hedgefund whales are spreading disinfo saying Friday is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but may not trigger the short squeeze.

It may be Friday, but it could be next week the we see the real squeeze.

#DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN FRIDAY.

It's not guaranteed to. The only thing that is guaranteed mathematically is that the shorts will have to cover at some point in the future. They are trying to get enough people hooked on the false expectation of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. DON'T BE THAT PERSON.

#WE LIKE THE STOCK

#KEEP HOLDING UNTIL THEY FEEL THE PAIN, WHETHER THAT'S FRIDAY OR NEXT WEEK

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credit to u/OurLordOfWar

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πŸ‘€︎ u/Khyta
πŸ“…︎ Jan 29 2021
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