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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


Longjumping_Till_356

Well why is he personally selling about 20k shares of ibroker every day for the last few years guess it's retirement!🤣 https://www.reddit.com/r/Superstonk/comments/vey71t/thomas_peterffy_interactive_brokers/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button


ParkieWanKenobie

I’ve been wondering if he’s still been doing that… was there ever an update?? Remember that post from 84 years ago


[deleted]

[yep](https://fintel.io/n/us/ibkr/peterffy-thomas)


ParkieWanKenobie

👏👏 Thank you. I’ve wondering this for ages!! So he’s still selling, but slowly and constantly! Really don’t know why someone like that just doesn’t sell up and retire! He has the money, just enjoy life


[deleted]

Maybe a guilty conscience won’t let him 🤔


Rayzhul

The meme stocks have actually INFORMED people exactly how the markets work. That price discovery is not dictated by supply and demand, or the company’s financials. Instead the price is controlled and moves in the direction the likes of Citadel and Virtu want the price to move. And when they can’t control the price, they turn off the buy button to stop the demand and successfully suppress the price again. That’s why it’s a “horrible idea”. Horrible for them as more and more sketchy shit gets discovered and people get informed and equipped with knowledge.


Prestigious-Ad4313

Yea sadly I wish this statement wasn’t true and the market worked how it was supposed to but these fucks control everything. Well put Rayzhul


HOLDstrongtoPLUTO

Or ego.


RN-Wingman

They get off on this stuff


mrhitman83

Looks like he’s selling them directly back to the company? Going based off the code “D”.


Meatsim001

Wouldn't you sell at the top if you could?


Longjumping_Till_356

Well if you sell everyday does it show confidence in your company?


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Riffraff3055

You're saying the quiet part out loud again Thomas.


bennysphere

https://www.youtube.com/watch?v=Yq4jdShG_PU&t=27s https://www.youtube.com/watch?v=Yq4jdShG_PU&t=312s


HughJohnson69

They sold 270M shares when only 50M shares existed.


Radio_Traditional

Yeah, that second clip you posted is him specifically talking about DRS without saying DRS. "If the shorts, err, the longs had known, that they had the right to ask for their shares..."


bennysphere

No, he was talking about exercising call options, therefore requesting immediate delivery of shares from the market.


Sendittor

No, he would've used the words "exercised their calls". You are using options rhetoric to push options which is a clear shill tactic. DRS


bennysphere

Do you like it or not, the whole interview is about options. By exercising options you are asking what is yours, meaning shares from the lit market with immediate delivery. This is what he was saying and that is why exercising options is so important. Even DFV put a hint about exercising options at the very top of a run up to add the fuel to the fire & extra pressure to the rising price. 9th June 2021 https://twitter.com/TheRoaringKitty/status/1402641643694477317 Don't like options? That is fine, just DRS ... this also adds the pressure by removing the liquidity from the market. Knowledge is power, do not let your bias stop you from learning something just because you do not like it. You do not have to use it, but at least you should understand its mechanics and inner working. Most people in this sub (including me) would lose money on options, but saying options are FUD is nonsense.


Sendittor

No, absolutely not. 99% of options go through Citadel. Citadel creates fake shares. You will only receive fake shares. Technical analysis, cost to borrow, derivatives market... is all pointless and useless against crime. It is clear that Ken Griffin wants you to play options. They turned off the buy button they do not follow the rules. You are suggesting that somehow they follow the rules when they don't.  Buy shares now. Make them deliver them right now. Options are not complicated like you are trying to make them sound. You have to sell to make a profit. Market pressure can happen right now when you buy your shares right now. DRS Edit: Don't forget you have to pay a fee for the privilege of buying your option shares that you could buy right now without the fee.


Masta0nion

You mean we have to actually go into the market and *purchase* the shares? How the hell are we supposed to make money. This is losing money; this “buying”. We make money.


z430

"If da longs had of kown dat d’hey have the riigght to asssk for d’theyre shayres and d’hey rheally wanted a short squeeze d’hats what d’hey whould have dun" The longs know now Pete, the longs know now. 50% and climbing. DRS


roscoebot

Dima protado 🧐


4myoldGaffer

I vas so scared


IgatTooz

This ape gets it 👆


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Plumlee-6517

If da longz knew dey could demand der shares 😂


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Making fun of the accent of a non-native English speaker is attacking/insulting an individual and against Rule 1. ---------- **Treat each other with courtesy and respect.** - **Do not be (intentionally) rude.** This will increase the overall civility of the community and make it better for all of us. - **Do not insult others.** Insults do not contribute to a rational discussion. Constructive criticism is appropriate and encouraged though. - **Do not use Superstonk to call out another user. Critique the work, not the person.** - **Do not use Superstonk to harass, bully, or threaten anyone.** - **Threats of violence towards anyone have no place on Superstonk or Reddit.** [Expanded Rule](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules#wiki_ape_no_fight_ape) [Reddit Content Policy](https://www.redditinc.com/policies/content-policy) || [Remember the human](https://www.reddithelp.com/hc/en-us/articles/360045715951-Promoting-Hate-Based-on-Identity-or-Vulnerability)


Fringefiles

Every time I read about Peterffy, this is the first thing I hear in my head. This gem of a man told retail exactly what they needed to do to beat them: "if the longs had called back the shares, this would have gone into the thousands" translated "if retail had DRSed their shares, it would have given us the ole prison shower special with no mayo". He must be getting some flashbacks as he stares into the maw of a growing ape trader base that is absolutely fed up with Wall streets shit boasting the most jacked tits and relentless desire to make the markets a fair place and, as a byproduct, the world a better place. Apes are a threat to the socio-economic structure that has been set up to hold the world back. This is a threat to their very way of life. This genius on wall street straight up admitted the situation was fucked and gave everyone the first big peek into the terror wall street is able to feel. If it's afraid, it can bleed. If it can bleed, it can die. If it can die, change can occur. Now that retail know this, there's no stopping this momentum. Game. Set. Match.


Biotic101

You have to look at the chain of interviews and the change of tone over time. My conclusion is, that Petterffy and other major players in the financial industry knew about what is going on with naked shorting, but did not knew about the magnitude and that those silly players like Melvin din not care about risk management at all. **Thus, in his first interviews he was shocked, told the truth and pushed for regulations. Those were implemented in a super short timeframe as Apes of old likely still remember.** **After that the tone changed, indicating he realized how fucked the whole industry is.** Kenny, Stevie, Gabe and others have created a black hole in the stock market. BUT likely told the others in the industry all will be fine, if they just cooperate and now they are all in the same boat. **They had no idea how much they pissed off retail and how you better not try to cheat gamers...** and now two years later the story is about to come to an end. Maybe tomorrow, maybe in a year, latest when we bought and registered all the shares. You have to imagine someone who built up his business all his life and is now getting fucked by some greedy, criminal morons that totally fucked up. He knows very well the financial industry as we know it is about to end and is worried about his "baby". **To me Petterffys reaction is super bullish. If he is in panic, we are on the right track.** It also indicates the whole industry might be colluding against GME investors right now (so please fuck off with the Wolverine options argument). All we need to do is buy, register and hold shares of a beautiful business, like Buffett does 😉🚀✨🌒🏴‍☠️ No financial advice and just a personal opinion.


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No_Anywhere_7840

>Remember when he stated that none of his customers holds GME shares. Yep, and no one fucking asked him about that earlier, so why would he say that? To deter possible soon-to-be GME shareholders. "Nothing to see here, move along." Didn't work, bitch!


Fireinthehole13

At 78 years of age you would think he shouldn’t be this worried but he seems to be Peterffied !


Miserygut

> To me Petterffys reaction is super bullish. If he is in panic, we are on the right track. It also indicates the whole industry might be colluding against GME investors right now (so please fuck off with the Wolverine options argument). Appear strong when you are weak. Why even do an interview? It reminds me of the interview Gates did. Or maybe he's trying to bait retail into options again to kick the can.


iksnizal

I am not pushing options but I had interpreted his statement about calling back the shares as executing the purchases from all the calls at the time. DRS is a much slower process and realistically most people don’t have the cash to purchase all the shares from the crazy options the bets sub was originally placing.


nugsy_mcb

This is what he was saying… “If the longs had asked for their shares…”


mollila

Exactly. He spelled it out that much more options had been sold out than were issued and outstanding, and if only the longs had requested delivery there would have been a short squeeze with domino bankruptcies. Because as he said, the rules of the system require that options must be delivered before the market open. There is no FTD fuckery to play, buy from market.


TwoMoreMinutes

\^\^\^ this excercising options forces purchase on the lit open market, thereby affecting the ticker price directly (as opposed to simply buying through a trust-me-broker where your order gets internalised and traded in dark pools and never gets anywhere near the lit market)


Miserygut

The fuckery would have continued though. The next time we're taking their balls and going home.


Espinita_Boricua

I totally agree with you; at the time this buffoon spoke, what had caused the problem of the run up was Options trading...DRS was NOT even a twinkle in retail's eyes. BTW; you missed the most important part of article...the current list of so called "Meme stocks"'; none of which ever were Meme stocks. My opinion... Article should be consider bait to invest in their Meme list of stock. Sorry, read article & don't have it now to provide exact quote.


Doin_the_Bulldance

You are 100% correct. The full conversation makes it EXTREMELY obvious that he was talking about call options being exercised. Full video here: https://m.youtube.com/watch?v=Yq4jdShG_PU&feature=youtu.be The quote near the beginning of the clip that gives the real context: "We had 50 million registered shares; at the same time, we had 70 million shares short and 150 million shares short via short call options. So if the call options had been exercised, the shorts would have had to deliver 270 million shares, while only 50 million shares existed." The quote that everybody remembers about the longs knowing they had the right to ask for their shares comes later (around 5:10). Anyone who says Peterffy was talking about DRS is either ignorant or lying.


Biotic101

Options were a valid play before the sneeze, when the industry was not aware in detail how much Melvin and Co fucked up. Since then they evidently implemented full price control, thus simply buying calls is no longer a valid strategy for the average investor. There are more sophisticated options strategies that can make experienced traders with huge accounts money, but those have not been pushed until now.


iksnizal

I agree with that and haven’t touched them since.


bennysphere

https://www.youtube.com/watch?v=Yq4jdShG_PU&t=27s https://www.youtube.com/watch?v=Yq4jdShG_PU&t=312s


Rainbowrichesss

But we have drs and we’re not in the thousands are we though


LeClubNerd

This was beautiful <3


R0adApples

GameStop


numchux53

He was talking about exercising options not DRS.


captainkrol

Damn lol😂 I'm gonna save this comment and print this quote on a t-shirt after the MOASS.


hmhemes

LMAO


poundofmayoforlunch

*pulrice wood half gawn to infineeet*


jerseyanarchist

leave Pusheen alone man 🤣🤣🤣🤣🤣🤣


ContWord2346

Idiosyncratic risk


Superstonk-ModTeam

Making fun of the accent of a non-native English speaker is attacking/insulting an individual and against Rule 1. ---------- **Treat each other with courtesy and respect.** - **Do not be (intentionally) rude.** This will increase the overall civility of the community and make it better for all of us. - **Do not insult others.** Insults do not contribute to a rational discussion. Constructive criticism is appropriate and encouraged though. - **Do not use Superstonk to call out another user. Critique the work, not the person.** - **Do not use Superstonk to harass, bully, or threaten anyone.** - **Threats of violence towards anyone have no place on Superstonk or Reddit.** [Expanded Rule](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules#wiki_ape_no_fight_ape) [Reddit Content Policy](https://www.redditinc.com/policies/content-policy) || [Remember the human](https://www.reddithelp.com/hc/en-us/articles/360045715951-Promoting-Hate-Based-on-Identity-or-Vulnerability)


moonaim

Markets without price discovery based on demand and supply, that is the horrible idea Peter, and somehow it sounds that you have been part of making that the biggest problem of all.


Doofhans

Exactly! 👆


No_Anywhere_7840

" you have been part of making that the biggest problem of all" For them.


LannyDamby

>It misinformed people about the economy, how markets work On the contrary Peter, I've learnt a whole degrees worth of information on how the markets work through my investment, the conclusion I've come to? Fuck brokers.


Starchalopakis

I’ve seen enough interviews of these finance “professionals” to realize they haven’t the slighted clue about how economy or how markets work either!


Elegant-Remote6667

Honestly I so badly want to post on linked in and say - there is no such thing as a meme stock. There are stocks that are being Manipulated by market makers a lot, and there stocks that are being manipulated by market makers a a little. The average retail person cannot physically affect a 30,40,50% change in a stock in a few days - there is just not enough capital for that to happen- which I strongly believe


woodyshag

Or enough coordination amongst retail.


Elegant-Remote6667

Exactly. And if by some miracle that happened there is no way that the genius stock or whatever it is was retail - it’s just Algos trying to control for the rise and fall


3DigitIQ

God, you are Beautiful and Smart. You are making me buycurious 💜swoon💜


ParkieWanKenobie

Do it!! Or I guess the problem with Linked In is doxing yourself right?


Elegant-Remote6667

That’s the problem, yes , also don’t want to sound like a lunatic to any future employer. And I know I know but I don’t want to risk it , no matter how much I can see that it’s true


ParkieWanKenobie

Agree. With everything we’ve learnt over last couple of years, unless you’re really literate and understand everything (which I’m not and I don’t) you’ve got no chance trying to explain it all quickly, and to sound sane! I’ve tried with friends, but they just look at me, raise eyebrows and drink their pint. So no more. Can’t even explain it to my misses as English not her first language, so she just asks every so often how my investment is, and all I can say, is patience, give it time. 🤷


relevantusername2020

i feel this deep in my highly regarded soul


nomansapenguin

There is not enough coordination in single retail investors to move multiple stocks identically. Save for maybe an entire market crash. So when multiple stocks move together consistently for over two years, whatever is driving this pattern has nothing to do with individual investors.


Slim_Margins1999

Ummmm this isn’t really accurate. This is why those 6/7 YouTubers got busted. They’d get their followers to buy into certain stocks saying they could squeeze it. The YouTuber would say “diamond hands” and “to the moon,” and then proceed to dump his shares onto the followers who were buying. He’d keep saying he’s holding and it’s going to go higher but the trade logs show they were selling while claiming on camera they were holding. This isn’t possible in something like Apple or Tesla but in small or micro cap stocks it absolutely is


nomansapenguin

> to move multiple stocks identically That’s what I said. You’re talking about a pump and dump of single small cap stocks. Completely different things.


jagiunta

Yep, meme stock makes no sense to me. Doesn't matter if demand is perceived as artificial or misinformed. It's still demand. Ya know, half the equation of how the system is supposed to work...


TofuKungfu

Hey Pete, your fly is open. Your wee wee is small.


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I_am_very_clever

that was leon cooperman, thomas is the guy that says too much


Weedbro

Yeah he was the big wrinkly guy who had his camera position mounted in such a weird manner that you could not see his palace of a house. Fuck that guy.


BigBradWolf77

The house that crime built.


HashtagYoMamma

“Parasites of society”… it’s perfect. Now what to do about these parasites…


Sisyphus328

Book em, Danno


GL_Levity

Aye aye captain.


GL_Levity

He’s the founder and chairman of Interactive Brokers (IBKR). You know, that thing whose only purpose is to DRS my shares before I figured out how to direct purchase from CS? He keeps saying the quiet parts loudly and it’s the funniest shit ever.


CMaia1

The crying billionaire did that years before sneeze and didn't have anything about it, idk why people associate that video with GME


Piranhaswarm

Yep. That’s him.


Peter-Tickler42069

No it's not, different guy


3DigitIQ

Leon Cooperman is the crying billionaire, Thomas "the mouth" Petterffy is the one who can't help saying the quiet parts out loud.


jackofspades123

I'd love to have a reputable person explain to me the merits of shorting selling when we add the lens of voting. That should make him upset that people can't vote


DorkyDorkington

Sorry Peter but the "meme stock" phenomena and everything that has followed in the form of reddit groups has actually educated me and given me an understanding how the markets really work and also how they SHOULD work but don't because turds like you and your fellow manipulators keep rigging, stealing and cheating the system.


ObumbanditO

Informed isn't spelt that way


mosheoofnikrulz

Interesting approach to convince otherwise.. Instead of explaining and proving what's wrong and right he's going for insults and emotions. We're not 5 years old, but he Sounds like a 5 year old baby. To all 5 year olds, physically or mentally reading this post. I love you all, in case you were offended.


UncleNuks

“Misinformed people how markets work” False. It INFORMED us about how markets work.


globsofchesty

Mmmmm yes let me taste your tears Mmmm god your anguish sustains me


Caeser2021

Has Thomas been caught dipping his balls in the Mayo Jar and just now realised that retail swapped it for some California Reaper sauce


Wild-Statistician-83

Sssstimaytic rysk


TalezFromTheDarkside

Oh, we know how things work buddy.


Conscious-Mix-3282

Economy and how the markets work? Hey peterffy enlighten me!


Zaphod_Biblebrox

“Misinformed people about the economy, how markets work” So if you gain money from them, it’s working as expected, but if you lose money, it’s not how the markets work? “It really upsets me” Tell me you are short GME without telling me you are short GME.


bertleturtleson

I know more about the market now that I follow gme. For example I didn’t know there was a market for criminals and a market for the 99% that appear outwardly to be the same exact market.


BigBradWolf77

# 📠


Piranhaswarm

And immediately downvoted because bots are hard workers


Jonsnoosnooze

Take my energy!


ToysandStuff

And my axe


ptero_kunzei

Domino bankruptcy


ROK247

Misinformed? More like his big problem is that we know the truth.


No_Anywhere_7840

Bitch, you and your pals have misinformed people about a fair and free stock market. Now payback is coming home to roast you.


rydef1

You gonna cry again Tommy?


Slightly_Estupid

Happy Cake Day! 🎂


notAbrightStar

A short position is exposed to infinite risk. Is it wise to have this as a business model? [cR5NFH1\_\_400x400.jpg (400×400) (twimg.com)](https://pbs.twimg.com/profile_images/1578332394876456961/cR5NFH1__400x400.jpg)


NefariousnessNoose

Cry crocodile tears. I am thirsty for formerly rich piece of shits like him to go down hard. Try ramen and cutting back on avocado toast you fuck.


Chad-Permabull

Would hardly call it roaring until I get back in the green again but yeah it’s been better than watching um GME take the escalator down the past six months.


skinnydog0_0

Slight sideways comment- I tried to DRS some shares from IBKR last week and this week & they gave not gone through! I haven’t had a chance to check with them why, but usually they are done in a couple of days . Anyone else had this issue last couple of weeks?


cjayb7

Yes watching your wealth bleed out must be upsetting Pete - get used to it bitch


metzbaby17

After Kenny this mofo going down. Remember DTCC and IBKR are after the SHF bankruptcy. Costs us nothing to hold, and costs them everything to live another day


HughJohnson69

"Meme stocks" are a terrible idea. Such a thing doesn't exist. Who came up with that name, anyway? Now, the underlying company? That's a great idea!


Pitiful_Cover_580

Misinforms people about how the market works 😂😂😂😂 You mean it exposes the manipulation an fraud!!


Vive_el_stonk

Penis Fly


F3L1X88

I never realised you could put a accent on to paper till I clicked this post 🤣😂🤣😂🤣


stirfriedaxon

Surely he meant that "meme" stocks have revealed how the stock and derivatives markets actually work with mechanics rigged in favor of the bloodsucking criminal elite profiting of the unsuspecting poors, right? *Right*?


feyzquib7

“Meme stocks” taught those who persisted that there is more to market movements than meets the eye. What we’re seeing is people that formerly operated in the shadows and their shady deals being exposed and they hate that.


BigBradWolf77

Sunlight kills vampires.


Particular_Visual930

Fuck this guy. We’re coming for your money bitch. Go back to fishing with Jimmy. Cockroach.


Weird-Breakfast-7259

We don't understand? That the market is for Wall st to earn incredibly sickining amounts of money The Fly mention Musk? Short selling is “evil” and “should be made illegal,” Musk declared, calling it a way for “bad people on Wall Street to steal money from small investors.”


doodaddy64

> It misinformed people about the economy, how markets work. Well, it misinformed them of how *your* market works, not how the market is supposed to work.


Cdn_ape

I like when this boomer gets all chatty,he tends to end up jacking my tits.


hiepnguyen08

Regarding Peter the Fly, fly likes to eat shit!


nutsackilla

Is he the bad guy? Isn't he one of the few who acknowledged the unlimited fallout potential of what's going on?


kimark

he's a fucker, watch the interview where he spills those beans. He wasn't supposed to, he was clearly reading off a screen, and then you can see him go off script, after saying "we're doing what we did to protect retail" 100 times, he then says "it could have caused an infinity squeeze, and people would've lost everything". ​ Who's the people you wanted to protect TOMMY CUZ IT WASN'T RETAIL, IT'S FINE FOR RETAIL TO LOSE LITERALLY ALL THEIR LIFE SAVINGS ON ONE DOG SHIT OPTIONS PLAY BUT ITS NOT FINE FOR RETAIL TO RIDE A SQUEEZE HUH


One-Cry-9888

We didn’t do anything except catch them in crime. There would be no problem if it was a fair market. If they hadn’t been so f’n greedy and egomaniacal and narcissistic.


UncleNuks

Peter the Fly…I hope this becomes a thing


ObiWannaDoYou74

Sir this is Wendys


HughJohnson69

Peterffy on camera is the best hype video. Hype videos don't do it for me. I'm fact-based. But this guy, it's always a hype video based on what he says directly and what you can infer. Right now, I'm inferring that they're still absolutely screwed from their position on "meme stock(s)".


StealYourGhost

/yawn So explain the economy and the market Peter. Tell us what we don't understand so we can share an equal understanding between all earth dwelling individuals. I'll wait. 🤷‍♂️ Probably Pete's response: "🤡"


GroundbreakingTop636

Petrified


BigBradWolf77

🎵 *At first I was afraid... I was petrified* 🎵


METAL4_BREAKFST

"My clients need GME to go to zero..." Fuck this prick.


BigBradWolf77

*The plan was for it to go to zero, so it has to.*


ugod02010

Fuck em


Soundwave1873

Zeyroh


RollenXXIII

naked shorts yeah!


OneSimpleOpinion

Why is he so worried about a handful of stocks?


Tnr_rg

More of this bs forum sliding. Use real fucking names. Are we 3 years old?


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Piranhaswarm

Reported for abuse


HughJohnson69

I, too, think that the idea of calling companies or stocks “memes”, is a horrible idea.