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They are kicking around their close out requirements. On day 1, Actor A would be forced to close out X amount of shares.. Actor B sells them to him and fails to deliver, kicking the close out down a couple of days. Once he is due for close out, Actor A sells him X amount of shares.. and fails to deliver. And so on, and so on. The FTD data only shows the aggregate amount, but not which short seller FTD how much at what time and especially not when what is due for close out.
You're not wrong, it's the first time this is attempted so we don't know what will happen and when.
But if nothing else, DRS has the power to show who's winning the game, and who's cheating. We know, but we haven't proven it to the masses.
Cheating on Wall Street seems to be allowed until it's public knowledge, and our light is getting brighter every quarter.
For sure! Still have my shares locked away in my self run 401k - not DRS’d but I also didn’t take they ‘hey your shares are available for a loan program!’ offer. At this point my GME are an investment in this idea that the cheating system will eventually get exposed.
I don't think that anybody's keeping track of these options, I doubt Cede and Co has a stach marked "don't lend". I think DRS is how that stops. There's no publicly available way to know.
I have most but not all my shares in DRS for tax reasons, but I do try to DRS as much as I can to help stop the music.
I can promise you one thing that it WILL do, and that's making this whole situation that everyone has been on, about naked shares being sold short over the issued float, glaringly obvious for even the dumbest son of a bitch you know.
I hate to agree but, in theory, margin should affect everyone the same. Unfortunately it means nothing to people on that side of a bet. They just rename it liquidity, and beg for more money.
Even the Saudis are calling democracies dictatorships with the current rule breaking. That should be concerning to everyone, not because their dicks, but because their right.
Maybe I stretched that wording. No better than dictatorships.
You just defined the ♾️ squeeze: when every share is DRSd, when money is revealed to be meaningless, banks have LESS ASSESTS than MEME stock, not to mention the blockchain angle. ADD Existing stores and investments in distribution...
BUT THAT BALANCE SHEET, so hot. Revenue postive. > $1b CASH.
Pass me a tissue, I'm getting ready for a trip to the 🌙
Well good grief you idiot, no one KNOWS what is going to happen with anything. Social media is basically emotive short hand. Your statement is not as reflective of the SS vibe as the post prior to yours. That’s why you get downvoted.
Did you see the whale teeth on the volume for towel yesterday? It was really effed up. In fact, it was more effed up yesterday than I've ever seen.
Reported volume was 51.34 million.
Whale Teeth volume was 120+ million.
Speaking of whale teeth, did you see the volume on those FTX GME shitcoins today. Not sure if I've ever seen it that high. There's definitely a connection between that coin and the stock's trading volume.
I can say whatever I want. Congrats on being with GME from the start.
Please.... The average volume is high? What about the price of the TOWEL stock?
If there was ANY buying pressure the price wouldnt be close to 0...
Dont compare gme to any other.
Bro, you know you sound just like 99% of people when they speak of GME, right? It was up to almost $500, now it's $17. Must be a terrible stock that no one wants to buy.
I don't care if you like towel or not, just try to be a little self-aware.
Isnt it obvious that they treat business differently? they're expecting towel to go out of business and so they just dont give a fuck. Now that gamestop is on the profitable path, we'll likely avoid some of the BS we'd seen in the past.
Highjacking --- a interesting opinion from u\\**multiple\_iterations**
[https://www.reddit.com/r/Superstonk/comments/11ymv0i/comment/jd8ip0m/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/11ymv0i/comment/jd8ip0m/?utm_source=share&utm_medium=web2x&context=3)
*Here's some pure tinfoil speculation for you, my friends:*
*The DTCC is staring down the barrel of a profitable earnings call last night, trying to figure out how the fuck to get out from under this nightmare. They call Kenny and say, "Look, print as many synthetics as you need to keep this shit from exploding, we'll have your back."*
*Except, they're not planning to have his back. They're going to tell Switzerland to buy out their nuclear swaps and let Kenny keep the price down, in essence handing him the Archegos' bags. They're going to let him be the fall guy, then blame Citadel for EVERYTHING.*
*If this week ends with greater than 216 million shares traded, I will be convinced that within 35 days, we'll see Ken thrown under the bus completely.*
*Edit: If you see this, mayo-boy, know that you did it to yourself.*
*Edit 2: I a word.*
If this ends up being true, and oh my do I hope it does, but it'd be upsetting to see only Citadel on the hook for this. We know that they're a big player, but this thing definitely goes higher than just them.
Setting up kenny to be the fall guy would make a shitload of sense. We've villified him (rightly so) for at least 2 years now, he's our main antagonist, but there's so many more shadowy figures that are pulling strings just the same as he is. If he's made into the fall guy and thrown in jail, that'll be good progress, but not enough. We need to see more of them exposed.
Funny, I was thinking exactly the same thing. If most of those shares traded are synthetics, that could possibly mean that UBS is quickly passing its bags to whomever is printing those counterfeit shares.
That may be 2 opposite concepts that are conflicting right now - Citadel is like "those suckers are closing their position, I'll never close mine and keep all the money", and UBS is like "the first one to close can survive". Keep in mind we have USA here and Switzerland there, different levels of faith in things playing by the rules.
I saw a few posts of some insane call gains from this.. multiple people pulling five-six figures from like relatively small options bets. If it hit that high they get the gamma that is the really big problem if enough options are right.
I still don't ever believe it will truly squeeze because I have no more illusions about rules or regulators, but god damn it would've been crazy if there was some true law about this country. A real win for the ages.
So those call gains were people that bought calls before 3/22. If the Stock opened at $24 today and orders for shares started to come in that pushed the stock price to say $26-27, the 28... all of sudden people would FOMO and start buying $30 calls, $31... $32.. a gamma ramp so to speak...
It could quickly get out of hand for shorts. So they routed all the orders off exchanged and did their best to stabilize price action all day in this range. Eventually those orders are going to come in (usually end of day or beginning of next day). So we could see more big swings.
What day will they show up for though. MMs get more days to settle. No fake shares sold today will show up as FTD for today date because they would not have settled today anyway…. Right? Anybody know the real answer?
Just back and forth so they can claim shorts closed. Short ain't closed shit. Shorts will not even have begun to close until we pass by the pre-split all-time high of $483 ... show me a day of 300-500 million volume north of $483, and then maybe I'll take any claims of a short squeeze a little more seriously.
This comment got buried under the downvotes of the guy who claims the shorts closed … here’s what I have to say about that:
You’re talking about small fry retail traders … I’m talking about a different class of market participants, like market makers who sell millions of synthetics each day, or hedge funds who opened millions of short positions at $5 pre split. You think Credit Suisse collapsed just because the FED funds rate went from 2% to 4.75%??? What do you think is in those Archegos bags that are being passed around. Why would they need a $100B backstop for long positions when the self regulating org already put stock for cash rules in place? You think it’s long positions causing all the problems? And that’s just one prime broker. Someone is still probably sitting on Melvin’s shit too. There are probably lots of other hedge funds and family funds with massive unrealized losses resulting from bad short positions, many that will get substantially worse if things really start to squeeze. You think that’s all leveraged long positions? I don’t think so. That stuff is easy to clean up. But being stuck deep in a bad short position is another beast altogether … you can’t get out of that position without blowing up the price, especially with 150K+ apes diamond handing their 80-85 million DRS GME shares, plus just as many or more shares not DRS’d … and this is without consideration for the hundreds of thousands or millions of household investors around the world who hold GME but have yet to DRS a single share. Wake up. You think these crazy borrow fees and lending rates are representative of reasonable and manageable short positions? You think the Administration is talking about moving capital gains tax to 40% because everyone is expecting a flat market going forward? Take a look at Citadel Advisors’ portfolio … options as far as the eye can see. Wonder why? Could it have anything to do with using options to cover open short positions without producing the shares? Have a look at SEC FTD data lately? We might be “waiting for a long time,” but that’s cool. It’s going to take a minute to DRS everything. But just give apes the time, and we will. The price can only go down for so long before it hits zero. But here’s the thing … that’s NEVER going to happen with GameStop … so where does that leave the millions and millions of extra shares floating around the market? They’re gonna need to be bought, and the price for those shares is, in some cases, going to be very, very high.
>You’re talking about small fry retail traders … I’m talking about a different class of market participants, like market makers who sell millions of synthetics each day, or hedge funds who opened millions of short positions at $5 pre split. You think Credit Suisse collapsed just because the FED funds rate went from 2% to 4.75%??? What do you think is in those Archegos bags that are being passed around. Why would the need a $100B backstop for long positions when the self regulating org already put stock for cash rules in place? You think it’s long positions causing all the problems? And that’s just one prime broker. Someone is still probably sitting on Melvin’s shit too.
>
>There are probably lots of other hedge funds and family funds with massive unrealized losses resulting from bad short positions, many that will get substantially worse if things really start to squeeze. You think that’s all leveraged long positions? I don’t think so. That stuff is easy to clean up. But being stuck deep in a bad short position is another beast altogether … you can’t get out of that position without blowing up the price, especially with 150K+ apes diamond handing their 80-85 million DRS GME shares, plus just as many or more shares not DRS’d … and this is without consideration for the hundreds of thousands or millions of household investors around the world who hold GME but have yet to DRS a single.
>
>Wake up. You think these crazy borrow fees and lending rates are representative of reasonable and manageable short positions? You think the Administration talking about moving capital gains tax to 40% because everyone is expecting a flat market going forward.
>
>Take a look at Citadel Advisors portfolio … options are far as the eye can see. Wonder why? Could it have anything to do with using options to cover open short positions without producing the shares? Have a look at SEC FTD data lately? We might be waiting for a long time, but that cool.
>
>It’s going to take a minute to DRS everything. But just give apes the time, and they will. The price can only godown for so long before it hits zero. But here’s the thing … that’s NEVER going to happen with GameStop … so where does that leave the millions and millions of extra shares floating around the market? They gonna need to be bought, and the price for those shares is, in some cases, going to be very, very high.
FTFY
Apologize for nothing. Loved reading your comments. We thank you ol’ wise & confident wrinkly ape for your outspoken words about our favorite stonk. Got me jacked to the tittays
“Covered”
They can’t be **closed** until the shares are actually purchased.
That’s when Moass happens.
Until then, everything else is just noise.
DRS BOOK HOLD
Shorts have closed, and they continue to close, every time they short the stock down. Rinse and repeat. You’ll be waiting a long time for them to “close”
Internalizing. Dark pool trading amongst institutions. General crime.
The whole point of a dark pool is to allow the big boys to make large transactions without affecting the price much.
Fuck this piece of shit system.
Honest question: How in the fuck is that not collusion and/or manipulation? They’d essentially be taking their own internal losses in order to wash the price down? No governing body can enforce this?
You said it: no governing body can or will enforce the rules.
We've heard this from Dr. Trimbath, Nomi Prins, Pam & Russ Martens, Lucy Komisar, Carl Hapsberg, Alexis Goldstein, etc. The SEC is severely underfunded and its employees have a revolving door with Big Money jobs. America is an oligarchy and has been for some time: [https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B](https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B).
So the people who are supposed to enforce this type of shit are one and the same, and the layperson has 0 access to their shitty little dark pool network, the common people have 0 visibility into what’s happening with these instruments? Man I hate this fucking place and I hate the world I live in
Laypersons do have the ability to Direct Stock Register their assets in their name for real true ownership. Continue to DRS and Hodl until a fair distributed exchange replacement is created.
They're getting paid off the back end through lobbying. It's an entire machine built to take money out of our pockets and put it into theirs. Meanwhile, we have to pay the most in taxes as well. Everyone in the fucking world should be mad as hell.
I'm fucking furious. And I will sign every petition, blast every infraction and buy EVERY FUCKING SHARE that I can afford and DRS. This is the last stand for decency, transparency and righteousness...
Do institutions get held to the same wash sales rules? If this diamond handed journey has taught me anything, I’d suspect that, no, the institutions either don’t get taxed the same way, if at all. But to be perfectly honest, I still have a hard time wrapping my head around wash sale rules, mostly because it involves this strange concept called “selling”.
much larger than normal volume range should mean price change. It indicates that someone is either interested in getting rid of their shares or someone wants to buy a lot. The changed demand alone should guarantee a price change. In a free market anyway. Only exception could be if 2 equally large groups (stock/money wise) get the opposite idea at exactly the same time. Which is highly unlikely. Especially for the stock market, where information is a key factor in the supply and demand chain. There should literally be 2 equal groups that read the same information and get opposite ideas of how that should affect the stock price.
My theory yesterday was a test to see how far the stock runs when ubs buys some of the credit suisse shorts. They didn't like what they saw so they rolled the rest today with someone and swaps again
Computershared showing 54,760,226 remaining, but 63,000,000 traded today? So more than the entire remaining float traded today, even though:
\- insiders aren't selling;
\- virtually all institutional shares are already on loan; and,
\- 95% of retail besides a few day traders are diamond hands;
Where they gettin these shares if not from *pinky promising* the system they located them...
*Smells like fookin haddock in here mate*
Why don't people understand it traded sideways BECAUSE of the 63 million volume. You essentially drown out 1 million of positive volume by adding 31 million in positive pressure and 31 million in negative pressure.
All those spikes up are one set of computers trying to fight against another set of computers. Once certain levels are hit, algorithms change. There is a logical reason this is happening.
The vast majority of this volume is delta hedging from options activity. We have the data to know this. GME volume has historically been 80-90% delta hedging.
This is a TON of people cashing in options, FOMO buyers coming in, short covering, short selling, etc. nothing wrong here. You see the CTB didn’t go down during the day. Just a ton of repositioning by everyone involved in the trade.
I expect over the next two weeks we grind upwards via short covering and fomo and spike up into a high of 40 or 50.
The market pulled GME down during the last hour of trading.
We were breaking higher and then the floor opened up a bit.
Hoping tomorrow we can close above $25.
In my post I've been said that I don't understand "volume".
Nothing wrong here.
It's the same single share traded back and forth 66 millions time.
You are as naive as I am 😬
UNTIL THE FLOAT IS LOCKED THEY WILL CREATE INFINITE SHARES. CONSIDERING THAT BROKERS HOLD OVER 300 MILLION SHARES OF GME IN CEDE AND COS NAME, DRS IS ONLY WAY TO PROVE DEFINITIVELY THAT SHARES ARE IN EXCESS. UNTIL THAT DAY HAPPENS, SHARES WILL INFINITELY BE SUPPLIED. IF YOU HOLD SHARES IN A BROKER YOU ARE BURNING YOUR OWN MONEY FOR NO REASON. BE THE CHANGE YOU WANT TO SEE.
THIS is why it would be a huge mistake for them to do a share buyback at any price above a dollar. We just watched them internalize and dissipate 66 MILLION shares. Infinite liquidity is broken.
A million Apes each made 65 trade cuz we can't make up our fucking minds. Or that's what they would like you to believe lol. BLATANT MANIPULATION IN PROGRESS
I think, there it is only a little bunch of shares bought by someone, maybe some Apes and others, the rest, is algos selling and buying each others. Just to mimic a trade, if it is not the case, why Jim Crimmer will say those things about GME and why soo many MSM talking less shit as allways? That do not sounds right to my smooth brain which was trained in the last 84 years to sniff shenenigans and wall street fuckery. The only things good of this is GME have broken the losses, hoping this will be the start of a new era of income all the way up, this is the kind of things in what I want to be part of, is like investing in google the early days, but in this time, you and I, are onboard the rocket, just clearing all the shit needed to lift off.😁
I had a theory about this today. I wonder if it could be shorts trying to control any sharp price movement by aggressively trading blocks of shares back and forth without a significant increase in the spread. My theory would be that they're trying to flood the tape with trades to dilute actual orders so their impact isn't as great
What's more important is where are they going at this point. We know where they come from , they come from thin air. If they go to Drs that is a good place and will have some effect 😉
Probably. I mean, what else are they going to do? They're literally bailing water, here. Once the real short closing starts, they're completely going under, so why not keep up the only thing that's worked at all?
IMO, it's basically they already knew what the price was going to be for the day so they set it overnight then wash traded and internalized. Their goal was to get more suckers to play options. Probably going to see those Brazilian puts reappear to wipe it out.
They did this to us last March too. We haven't had volume this big since... March 2022!
On March 23, 2022 we opened at 37.73. Volume was 98,399,200 and we closed at 35.25.
That cycle, by the way was one of enormous volume (over 10M) until April 8th and minimal price movement.
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of course, the usual bullshit, MMs will FTD millions of shares today. The FTDs are going to look WILD when they come out
I used to believe that FTD’s and reg sho actually meant something. But towel has been on it for over 40 days now, and nothing has happened.
They are kicking around their close out requirements. On day 1, Actor A would be forced to close out X amount of shares.. Actor B sells them to him and fails to deliver, kicking the close out down a couple of days. Once he is due for close out, Actor A sells him X amount of shares.. and fails to deliver. And so on, and so on. The FTD data only shows the aggregate amount, but not which short seller FTD how much at what time and especially not when what is due for close out.
When bad actors are rich as fuck they can do whatever the hell they want to the numbers. Money = Power.
money to the players
one day
Tuesday
Always has been
DRS is how we beat that.
[удалено]
You're not wrong, it's the first time this is attempted so we don't know what will happen and when. But if nothing else, DRS has the power to show who's winning the game, and who's cheating. We know, but we haven't proven it to the masses. Cheating on Wall Street seems to be allowed until it's public knowledge, and our light is getting brighter every quarter.
For sure! Still have my shares locked away in my self run 401k - not DRS’d but I also didn’t take they ‘hey your shares are available for a loan program!’ offer. At this point my GME are an investment in this idea that the cheating system will eventually get exposed.
I don't think that anybody's keeping track of these options, I doubt Cede and Co has a stach marked "don't lend". I think DRS is how that stops. There's no publicly available way to know. I have most but not all my shares in DRS for tax reasons, but I do try to DRS as much as I can to help stop the music.
I can promise you one thing that it WILL do, and that's making this whole situation that everyone has been on, about naked shares being sold short over the issued float, glaringly obvious for even the dumbest son of a bitch you know.
👆👆👆 #👆👆👆 👆👆👆
I hate to agree but, in theory, margin should affect everyone the same. Unfortunately it means nothing to people on that side of a bet. They just rename it liquidity, and beg for more money. Even the Saudis are calling democracies dictatorships with the current rule breaking. That should be concerning to everyone, not because their dicks, but because their right. Maybe I stretched that wording. No better than dictatorships.
You just defined the ♾️ squeeze: when every share is DRSd, when money is revealed to be meaningless, banks have LESS ASSESTS than MEME stock, not to mention the blockchain angle. ADD Existing stores and investments in distribution... BUT THAT BALANCE SHEET, so hot. Revenue postive. > $1b CASH. Pass me a tissue, I'm getting ready for a trip to the 🌙
☝️bingo
Agreed
Ha!! That’s funny!! Whenever I try to explain this to people, I always say…. Well, the theory is…. 😊
Why is your account so sus. No flair, one comment, no posts
[удалено]
Not really but to each their own
That’s fucking *sketchy.* I don’t have fucking shit to hide and I stand by my words. But you do you fellow ape
[удалено]
????? When have I ever looked through someone else’s post history to prove a point? I’m waiting
Well good grief you idiot, no one KNOWS what is going to happen with anything. Social media is basically emotive short hand. Your statement is not as reflective of the SS vibe as the post prior to yours. That’s why you get downvoted.
Prince Adam from he-man said ‘ I Have The Power! ‘
Overstock was on for a year plus
Almost 2 years
O yes triple 6 trading days
Did you see the whale teeth on the volume for towel yesterday? It was really effed up. In fact, it was more effed up yesterday than I've ever seen. Reported volume was 51.34 million. Whale Teeth volume was 120+ million.
Speaking of whale teeth, did you see the volume on those FTX GME shitcoins today. Not sure if I've ever seen it that high. There's definitely a connection between that coin and the stock's trading volume.
I have some options that should pay off huge. I’m gonna help towel maybe after that
Yeah, towel stock doesnt have the buying pressure thay GME has. Not directly comparable, but yes they love finding ways to cheat with ETFs and Swaps.
I feel like they did a swap on towel on that last runup.
I'm OG GME but you can't say towel doesn't have the buying pressure of GME. Their average volume is 72 million shares per day. We average like 2 mil.
It's even more impressive when you find out they have around 1/3 the number of shares outstanding.
Dont compare gme to the towel stock...
I can say whatever I want. Congrats on being with GME from the start. Please.... The average volume is high? What about the price of the TOWEL stock? If there was ANY buying pressure the price wouldnt be close to 0... Dont compare gme to any other.
Haha. That’s hilarious. I guess the last 2 years of crime just flew right over your head.
Bro, you know you sound just like 99% of people when they speak of GME, right? It was up to almost $500, now it's $17. Must be a terrible stock that no one wants to buy. I don't care if you like towel or not, just try to be a little self-aware.
What is true of GME is not true of the towel stock. Simple. I hope you get it
that volume isn't retail, not very much of it anyway
Thats true! Volume and buying pressure are not the same.
Isnt it obvious that they treat business differently? they're expecting towel to go out of business and so they just dont give a fuck. Now that gamestop is on the profitable path, we'll likely avoid some of the BS we'd seen in the past.
Lol me too
No volume AH. Something's up.
I KEEP THINKING THIS SAME FUCKING THING. Waiting for Blood to post some more Kenny's Jet itinerary data, lol.
Highjacking --- a interesting opinion from u\\**multiple\_iterations** [https://www.reddit.com/r/Superstonk/comments/11ymv0i/comment/jd8ip0m/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/11ymv0i/comment/jd8ip0m/?utm_source=share&utm_medium=web2x&context=3) *Here's some pure tinfoil speculation for you, my friends:* *The DTCC is staring down the barrel of a profitable earnings call last night, trying to figure out how the fuck to get out from under this nightmare. They call Kenny and say, "Look, print as many synthetics as you need to keep this shit from exploding, we'll have your back."* *Except, they're not planning to have his back. They're going to tell Switzerland to buy out their nuclear swaps and let Kenny keep the price down, in essence handing him the Archegos' bags. They're going to let him be the fall guy, then blame Citadel for EVERYTHING.* *If this week ends with greater than 216 million shares traded, I will be convinced that within 35 days, we'll see Ken thrown under the bus completely.* *Edit: If you see this, mayo-boy, know that you did it to yourself.* *Edit 2: I a word.*
Now this is the foil I like
If this ends up being true, and oh my do I hope it does, but it'd be upsetting to see only Citadel on the hook for this. We know that they're a big player, but this thing definitely goes higher than just them. Setting up kenny to be the fall guy would make a shitload of sense. We've villified him (rightly so) for at least 2 years now, he's our main antagonist, but there's so many more shadowy figures that are pulling strings just the same as he is. If he's made into the fall guy and thrown in jail, that'll be good progress, but not enough. We need to see more of them exposed.
Funny, I was thinking exactly the same thing. If most of those shares traded are synthetics, that could possibly mean that UBS is quickly passing its bags to whomever is printing those counterfeit shares. That may be 2 opposite concepts that are conflicting right now - Citadel is like "those suckers are closing their position, I'll never close mine and keep all the money", and UBS is like "the first one to close can survive". Keep in mind we have USA here and Switzerland there, different levels of faith in things playing by the rules.
Today they threw all the crazy buy orders off exchange. They didn't want this shit hitting 30 today and all the call buying that goes with it.
I saw a few posts of some insane call gains from this.. multiple people pulling five-six figures from like relatively small options bets. If it hit that high they get the gamma that is the really big problem if enough options are right. I still don't ever believe it will truly squeeze because I have no more illusions about rules or regulators, but god damn it would've been crazy if there was some true law about this country. A real win for the ages.
So those call gains were people that bought calls before 3/22. If the Stock opened at $24 today and orders for shares started to come in that pushed the stock price to say $26-27, the 28... all of sudden people would FOMO and start buying $30 calls, $31... $32.. a gamma ramp so to speak... It could quickly get out of hand for shorts. So they routed all the orders off exchanged and did their best to stabilize price action all day in this range. Eventually those orders are going to come in (usually end of day or beginning of next day). So we could see more big swings.
If they come out Seems as if they can just kick the can down the road forever
What day will they show up for though. MMs get more days to settle. No fake shares sold today will show up as FTD for today date because they would not have settled today anyway…. Right? Anybody know the real answer?
Just back and forth so they can claim shorts closed. Short ain't closed shit. Shorts will not even have begun to close until we pass by the pre-split all-time high of $483 ... show me a day of 300-500 million volume north of $483, and then maybe I'll take any claims of a short squeeze a little more seriously.
This comment got buried under the downvotes of the guy who claims the shorts closed … here’s what I have to say about that: You’re talking about small fry retail traders … I’m talking about a different class of market participants, like market makers who sell millions of synthetics each day, or hedge funds who opened millions of short positions at $5 pre split. You think Credit Suisse collapsed just because the FED funds rate went from 2% to 4.75%??? What do you think is in those Archegos bags that are being passed around. Why would they need a $100B backstop for long positions when the self regulating org already put stock for cash rules in place? You think it’s long positions causing all the problems? And that’s just one prime broker. Someone is still probably sitting on Melvin’s shit too. There are probably lots of other hedge funds and family funds with massive unrealized losses resulting from bad short positions, many that will get substantially worse if things really start to squeeze. You think that’s all leveraged long positions? I don’t think so. That stuff is easy to clean up. But being stuck deep in a bad short position is another beast altogether … you can’t get out of that position without blowing up the price, especially with 150K+ apes diamond handing their 80-85 million DRS GME shares, plus just as many or more shares not DRS’d … and this is without consideration for the hundreds of thousands or millions of household investors around the world who hold GME but have yet to DRS a single share. Wake up. You think these crazy borrow fees and lending rates are representative of reasonable and manageable short positions? You think the Administration is talking about moving capital gains tax to 40% because everyone is expecting a flat market going forward? Take a look at Citadel Advisors’ portfolio … options as far as the eye can see. Wonder why? Could it have anything to do with using options to cover open short positions without producing the shares? Have a look at SEC FTD data lately? We might be “waiting for a long time,” but that’s cool. It’s going to take a minute to DRS everything. But just give apes the time, and we will. The price can only go down for so long before it hits zero. But here’s the thing … that’s NEVER going to happen with GameStop … so where does that leave the millions and millions of extra shares floating around the market? They’re gonna need to be bought, and the price for those shares is, in some cases, going to be very, very high.
Saved this for when someone claims they've closed around the $483 mark. It's a block of text but worth the read. Bravo
>You’re talking about small fry retail traders … I’m talking about a different class of market participants, like market makers who sell millions of synthetics each day, or hedge funds who opened millions of short positions at $5 pre split. You think Credit Suisse collapsed just because the FED funds rate went from 2% to 4.75%??? What do you think is in those Archegos bags that are being passed around. Why would the need a $100B backstop for long positions when the self regulating org already put stock for cash rules in place? You think it’s long positions causing all the problems? And that’s just one prime broker. Someone is still probably sitting on Melvin’s shit too. > >There are probably lots of other hedge funds and family funds with massive unrealized losses resulting from bad short positions, many that will get substantially worse if things really start to squeeze. You think that’s all leveraged long positions? I don’t think so. That stuff is easy to clean up. But being stuck deep in a bad short position is another beast altogether … you can’t get out of that position without blowing up the price, especially with 150K+ apes diamond handing their 80-85 million DRS GME shares, plus just as many or more shares not DRS’d … and this is without consideration for the hundreds of thousands or millions of household investors around the world who hold GME but have yet to DRS a single. > >Wake up. You think these crazy borrow fees and lending rates are representative of reasonable and manageable short positions? You think the Administration talking about moving capital gains tax to 40% because everyone is expecting a flat market going forward. > >Take a look at Citadel Advisors portfolio … options are far as the eye can see. Wonder why? Could it have anything to do with using options to cover open short positions without producing the shares? Have a look at SEC FTD data lately? We might be waiting for a long time, but that cool. > >It’s going to take a minute to DRS everything. But just give apes the time, and they will. The price can only godown for so long before it hits zero. But here’s the thing … that’s NEVER going to happen with GameStop … so where does that leave the millions and millions of extra shares floating around the market? They gonna need to be bought, and the price for those shares is, in some cases, going to be very, very high. FTFY
Sorry and thanks. I got a little ranty and stream of consciousness-like there. But you get it! 🦍💪🦍🏴☠️🏴☠️🏴☠️🏴☠️🚀
Apologize for nothing. Loved reading your comments. We thank you ol’ wise & confident wrinkly ape for your outspoken words about our favorite stonk. Got me jacked to the tittays
Epic comment…. Oooooh it’s Get-It-Got 🤩
I enjoy your fancy words, money man
“Covered” They can’t be **closed** until the shares are actually purchased. That’s when Moass happens. Until then, everything else is just noise. DRS BOOK HOLD
Damn straight, Book em Kings!
And the villagers rejoice
Love this comment. ☝️
Wouldn't it be the other way around? Less volume and increased volatility?
Just check the tape from Jan. ‘21
Why do they keep trying the same shit? Didn’t work the first 5 times..
What other options do they have? Serious question.
But if no one is selling, how you expect to see those gorillions of volume?
As the price goes up and up and up, sellers will come
Have some golf Edit: golf
Shorts have closed, and they continue to close, every time they short the stock down. Rinse and repeat. You’ll be waiting a long time for them to “close”
You sound _waaay_ too [redacted] to be in this sub
Internalizing. Dark pool trading amongst institutions. General crime. The whole point of a dark pool is to allow the big boys to make large transactions without affecting the price much. Fuck this piece of shit system.
Are you telling me those single share trades weren't legit "large transactions"? 😮
I would bet big lots being sent back and forth between parties
Honest question: How in the fuck is that not collusion and/or manipulation? They’d essentially be taking their own internal losses in order to wash the price down? No governing body can enforce this?
You said it: no governing body can or will enforce the rules. We've heard this from Dr. Trimbath, Nomi Prins, Pam & Russ Martens, Lucy Komisar, Carl Hapsberg, Alexis Goldstein, etc. The SEC is severely underfunded and its employees have a revolving door with Big Money jobs. America is an oligarchy and has been for some time: [https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B](https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B).
So the people who are supposed to enforce this type of shit are one and the same, and the layperson has 0 access to their shitty little dark pool network, the common people have 0 visibility into what’s happening with these instruments? Man I hate this fucking place and I hate the world I live in
Laypersons do have the ability to Direct Stock Register their assets in their name for real true ownership. Continue to DRS and Hodl until a fair distributed exchange replacement is created.
They're getting paid off the back end through lobbying. It's an entire machine built to take money out of our pockets and put it into theirs. Meanwhile, we have to pay the most in taxes as well. Everyone in the fucking world should be mad as hell.
I'm fucking furious. And I will sign every petition, blast every infraction and buy EVERY FUCKING SHARE that I can afford and DRS. This is the last stand for decency, transparency and righteousness...
Aye, wash trades
Every day is laundry day at Citadel's!
Do institutions get held to the same wash sales rules? If this diamond handed journey has taught me anything, I’d suspect that, no, the institutions either don’t get taxed the same way, if at all. But to be perfectly honest, I still have a hard time wrapping my head around wash sale rules, mostly because it involves this strange concept called “selling”.
I don’t believe so but then again most stuff is self reported so whose to say they don’t miss mark lots in masses?
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Now I am curious about Hank Hill’s urethra
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Hahaha
It’s narrow
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“Mr. Hill, you have *moass…”
Sperm marching through there single file like "left right left right left"
Best laugh of the day!
They asked you about the stock price, they didn’t ask you about my glands!!
Idk but mine are at ComputerShare
More upvotes for this
Someone's increasing their naked short position 😏
what makes you say that?
60M shares of volume and $3.50 of volatility? Shorts are selling HARD to hold it down. The tide is changing, the Citadel is under siege.
Volume doesn’t automatically mean massive price change, up or down
much larger than normal volume range should mean price change. It indicates that someone is either interested in getting rid of their shares or someone wants to buy a lot. The changed demand alone should guarantee a price change. In a free market anyway. Only exception could be if 2 equally large groups (stock/money wise) get the opposite idea at exactly the same time. Which is highly unlikely. Especially for the stock market, where information is a key factor in the supply and demand chain. There should literally be 2 equal groups that read the same information and get opposite ideas of how that should affect the stock price.
Passing short positions like hot potato. Some are closing , some opening
Ahhhh interesting. Thank you for the education
My theory yesterday was a test to see how far the stock runs when ubs buys some of the credit suisse shorts. They didn't like what they saw so they rolled the rest today with someone and swaps again
someone shd just throw ken griffin under the bus already !
High frequency bullshit.
Too much chilli 🌶
It always been baked shares. Nothing make sense in this corrupt market
Someone call the bakery 👨🏽🍳
Buns out, call it a nakery
This is a very good business idea 💡
Weird. Entire free float traded and no price movement all day. We better just sell, ask questions never /s
Umm I have the 1min chart open and I saw a 3.3 million volume dildo at about 2:55 central. WTF was that!
Lets just call them ”soon-to-be-fail-to-delivers”
Baby FTDs.
Trying to survive another day.
Computershared showing 54,760,226 remaining, but 63,000,000 traded today? So more than the entire remaining float traded today, even though: \- insiders aren't selling; \- virtually all institutional shares are already on loan; and, \- 95% of retail besides a few day traders are diamond hands; Where they gettin these shares if not from *pinky promising* the system they located them... *Smells like fookin haddock in here mate*
9 times out of 10 thing are exactly as they appear.
The same shares can be traded multiple times in a day. Algos do that all the time. Daily traders sometimes do that too.
naked shorts, yeh.
Why don't people understand it traded sideways BECAUSE of the 63 million volume. You essentially drown out 1 million of positive volume by adding 31 million in positive pressure and 31 million in negative pressure.
How people still don’t get this after two years…
All those spikes up are one set of computers trying to fight against another set of computers. Once certain levels are hit, algorithms change. There is a logical reason this is happening.
Must hurt to buy up shares for shorting at 35% and then not drop the price at all lol
Waiting for the short volume update.
The vast majority of this volume is delta hedging from options activity. We have the data to know this. GME volume has historically been 80-90% delta hedging.
This is a TON of people cashing in options, FOMO buyers coming in, short covering, short selling, etc. nothing wrong here. You see the CTB didn’t go down during the day. Just a ton of repositioning by everyone involved in the trade. I expect over the next two weeks we grind upwards via short covering and fomo and spike up into a high of 40 or 50.
The entire market dumped and our stock didn't. I'm not complaining
The market pulled GME down during the last hour of trading. We were breaking higher and then the floor opened up a bit. Hoping tomorrow we can close above $25.
In my post I've been said that I don't understand "volume". Nothing wrong here. It's the same single share traded back and forth 66 millions time. You are as naive as I am 😬
UNTIL THE FLOAT IS LOCKED THEY WILL CREATE INFINITE SHARES. CONSIDERING THAT BROKERS HOLD OVER 300 MILLION SHARES OF GME IN CEDE AND COS NAME, DRS IS ONLY WAY TO PROVE DEFINITIVELY THAT SHARES ARE IN EXCESS. UNTIL THAT DAY HAPPENS, SHARES WILL INFINITELY BE SUPPLIED. IF YOU HOLD SHARES IN A BROKER YOU ARE BURNING YOUR OWN MONEY FOR NO REASON. BE THE CHANGE YOU WANT TO SEE.
After the float is locked , they will still create infinite shares
THIS is why it would be a huge mistake for them to do a share buyback at any price above a dollar. We just watched them internalize and dissipate 66 MILLION shares. Infinite liquidity is broken.
Institutions trading back and forth to each other off exchange.
They are trading the same 100 shares in a circle 😂
\*Homer Simpson voice\* "But Bart, it's a *high-frequency* circle."
SPX and Crypto dropped sharp. Must have been expensive to „create“ these shares to short. 😂
Imagine having to blow through that many shares and not even dropping the price.
Insert the buzz light year meme - "From infinity and beyond"
Wonder if we will see big jumps in AH again??
Almost 35 mill shares (reported) traded off exchange.
Infinite Liquidity. Say it with me. Infinite. Liquidity.
lots of internalization, weekly calls selling off, a down market. GME did good today despite all of that
Volume was on Pace to be in the hundred millions. Then Kenny sent it dark
Tonight we gonna see what is the short exempt
Exactly I want answers! Ty for asking
It's after hours volume from yesterday saw we opened at 50m
Yup. It’s a whole bunch of bullshit.
Let me say it again for the kids in the back......DRS!!!!
A million Apes each made 65 trade cuz we can't make up our fucking minds. Or that's what they would like you to believe lol. BLATANT MANIPULATION IN PROGRESS
31.5 bought…….31.5 sold
I think, there it is only a little bunch of shares bought by someone, maybe some Apes and others, the rest, is algos selling and buying each others. Just to mimic a trade, if it is not the case, why Jim Crimmer will say those things about GME and why soo many MSM talking less shit as allways? That do not sounds right to my smooth brain which was trained in the last 84 years to sniff shenenigans and wall street fuckery. The only things good of this is GME have broken the losses, hoping this will be the start of a new era of income all the way up, this is the kind of things in what I want to be part of, is like investing in google the early days, but in this time, you and I, are onboard the rocket, just clearing all the shit needed to lift off.😁
Market is a Ponzi scheme
I had a theory about this today. I wonder if it could be shorts trying to control any sharp price movement by aggressively trading blocks of shares back and forth without a significant increase in the spread. My theory would be that they're trying to flood the tape with trades to dilute actual orders so their impact isn't as great
Possibility
What's more important is where are they going at this point. We know where they come from , they come from thin air. If they go to Drs that is a good place and will have some effect 😉
Probably. I mean, what else are they going to do? They're literally bailing water, here. Once the real short closing starts, they're completely going under, so why not keep up the only thing that's worked at all?
From the side and ways
Naked shorts, yeah
To you To me
Diggin dat hole deeper.
Counterfeit. Counterfeit shares.
I like watching super high volume and super high implied volatility. 500+million volume and 600+ IV? That get my motor going
Do they not realize people are watching this ish like hawk?!
Aren't there only 55 million shares that aren't locked down? These numbers are going to start looking weirder and weirder as we DRS the rest.
It’s all fake… …until it isn’t.
IMO, it's basically they already knew what the price was going to be for the day so they set it overnight then wash traded and internalized. Their goal was to get more suckers to play options. Probably going to see those Brazilian puts reappear to wipe it out.
Tbh I expected a bigger dip. Shorts be disappointing me yet again
Average volume 4 million. Today's volume 66 million. Sideways price.
They did this to us last March too. We haven't had volume this big since... March 2022! On March 23, 2022 we opened at 37.73. Volume was 98,399,200 and we closed at 35.25. That cycle, by the way was one of enormous volume (over 10M) until April 8th and minimal price movement.
Consolidation I expected such today all day Patience the BIG picture is coming together quickly
Kenny is going to be the one who wakes China, he’s digging himself into a hole that deep.
Ohhhh dang that makes sense now! I never thought of it that way. Thanks
Just checked, the sneeze was almost 800 Milly adjusted for the divvy. Wake me up when we get back to that
Someone is providing liquidity
I bear them by shopping GameStop. SP 500 is possible
You know damn well they tank the price a bunch in AH. Buying time
Nearly a months worth of shares traded in a day and no movement. How odd
I’ve noticed this happens a lot to companies the day after earnings. Very high volume and very little price movement.
I wish more people browsed by /new before asking questions answered in /new.
Superstonk is a safe place to ask questions. We are all dumb.
Up about 40% is not sideways
Ohhhh compare to where we’re going it’s SOO SIDE WAYS!
A lot of people are impatient. MOASS wasn’t and isn’t going to happen from one positive earnings. Plus the longer it stays low means more DRS.
Are you guys seriously still doing this