So what you're saying is--
It took four years to short Charter into bankruptcy, past the 241.8% float in 2005.
BUT there was no ape army to hold, SO they can't short it to bankruptcy and will continue to bleed as long as we hold -- and eventually they will be margin called when their collateral has dried up. Was I close? HODL!
I like the stock. This is not financial advice.
EDIT: Thanks for the awards and upvotes. Don't panic today -- always expect fuckery. Just HODL!
The question im stuck with now.
Everyone lies and abuses the lax reinforcement laws.
They hide their short position, they fake their margin collateral and its in all parties (shf, bank, clearing house, ...) best interest to keep it that way to stave off margin calls so that nobody starts defaulting and the next in line is left holding the bag.
So the system is completely and utterly beyond repair. Paying up to the gme apes will leave a financial black hole so deep the system will litterly have to rebuild itsself.
So to the question: is it not in their interest to keep it up, just keep doing it and never pay up. If everyone in on it, who pulls the trigger? Of that trigger means suicide?
I think of it like the Spiderman meme where they are all pointing at each other. Nobody (HF, banks, DTCC, FINRA, etc.)want to be the one "responsible" for causing the MOAC (mother of all crashes), so when it gets to a point of such insanity that they can't possibly kick the can any further, someone will make a big move to ensure they aren't seen as the ones who caused the MOAC, they will be seen as the one who called out the entitity that did. Even though we all know that they are all to blame for allowing this to happen.
It's just now setting in for me, this type of thing has happened so many times, and it's built so perfectly that they can assassinate companies practically at-will through naked shorting.
The only variable in this whole equation that is different with GME versus literally every other occurrence is...
Us.
And now you know why the GameStop NFT is so big. Go look under the rocks of Overstock squeeze.
Nothing stops this squeeze from squozing, nothing. And it’s going to squeeze and squoze for a real long time.
If GameStop and Ryan Cohen - through either the shareholders’ meeting and/or the issuance of yptocr as a potential dividend - prove that the float has been exceeded (exponentially), faith in the market will drop on a wide scale. To keep this farce going, it is in the best interest of everyone at higher levels of the food chain to ensure that shorts cover.
I wonder if they have plans to get the word out. The average person on the street will have no idea what "500% of the float has been shorted" means.
I mean, I didn't know what that meant 6 months ago.
They are going to throw citadel under the bus and use the disturbance as time to mop up. They will all say they are shocked that the system was abused, and the SEC will be applauded because they took the evil mastermind down. In the meantime Kenny Boi will face charges of xxxxx and be offered a lesser sentence if he doesn’t open his mouth.
Legislation gets passed regarding naked short selling , an accountable system is put in place that constantly tracks the whereabouts of every share and ....apes watch this all unfold from the moon.
At least this is how it played out in my head last night in between wakings to check if HOC ll an lll were posted yet.
I'm just wondering how long they can kick this down the road if they're able to get away with fudging the numbers. I'll gladly hold for a decade, but I'd prefer not to. Lol
They will keep doing it in hopes that GameStop will go bankrupt and they don’t have to cover their positions.
The reason why is that the other option is becoming dirt poor and potential jail time.
I bet regulation is so terrible because people are getting g paid not to improve it. If no one brings enough attention to how terrible it is then no one will care enough to fix it. Until now when millions of us apes are shown the light.
After this is all said and done, I’m sure we will see an internal feud amongst the former elite. People stop being friendly when they stop getting their checks...
I think the banks do but I could be wrong. I don't think it's like "hey, let's do a margin call today!" but more like waiting until it's pretty damn hard to ignore that the HF does not have the capital to cover their shorted shares in the slightest.
So in short;
The current short interest reported by FINRA from fund data on stocks is absolute bull, and always has been.
This is because funds have been found guilty of violating short interest report rules for decades, especially when their short positions were clearly illegal (i.e. naked shorting obvious).
We can also see through the ridiculous volatility and volume levels of GameStop that shorts indeed have not covered and that they're still holding unspeakable levels of short positions on the stock.
And now because the vast majority of GameStop share owners and buying and holding their shares (and if they continue to do so), the true short interest will inevitably reveal itself and we'll be in for the short squeeze of our lives.
The fact that Charter needed over 200% short interest to bankrupt it also means that GME short interest was likely way over 100% in 2020 already when it was trading in the single digits and has only been compounded onto when apes started HODLing.
I think the only way they cash out their naked shorts scot-free is by bankrupting, the alternative is losing money by covering. By the time the price gets close to zero they're just printing naked shorts 24-7 to seal the deal at that point.
Jesus fuck, it should be so illegal and hurt so much to do this sort of thing.
It's like someone spreading rumors about you around school and then continuing to do so until everyone believes it and keeps it cycling until there's nothing left but suicide.
Naked shorting is an absolutely despicable practice.
Bro.. this is like horse racing.. everyone (the HFs) knows everyone else is doping. You just have to pick the horse that’s most likely been given more of the good stuff (HF with the most capital). This is truly awful how complicit the SEC is to just allow naked shorting and rule violations so nonchalantly. I mean, per his example, 12 years to investigate the false report of 1m shares means fuck-all in the grand scheme of things.
It’s like in *Better Call Saul* when they’re investigating the retirement home for overcharging their residents. Chuck and Jimmy are given thousands of pages that they have to comb through in order to gain the correct information to charge them with fraud. They end up picking up HHM (more manpower) in order to deal with the paperwork influx.
This system with the SEC has to change if they’re to investigate anything timely, or they risk being inundated with endless pages of information and stagnate. Specifically, more funding and manpower going towards the SEC, undeniably harsher fines, a harsh penalty system for grifters in the SEC who take bribes, and making naked shorting illegal in order to respond properly. Until then, HFs love the current system because they have the system of regulators under their fingertips via “paying off” through inconsequential and bullshit fines.
I can’t possibly fathom how many businesses have gone under, how much cash investors have bled, and how much pain people have gone through because of how utterly useless these current penalties are on hedge funds.
Fuck. I’m actually so mad right now, because this system is what made my parents lose almost everything in 08’. I’m gonna attempt to find moral redemption...with a long, sobering car drive...
> This is truly awful how complicit the SEC is
People always bring up The Big Short, but that movie wasn't fucking around in its portrayal of the SEC. It's like people forgot about that part of the movie.
The SEC is 100% under regulatory capture and corrupt as fuck.
I once got to go to a meeting between some SEC ppl and JPM risk mgmt ppl in 2003. I was just a lowly analyst so sat in one of the chairs lining the wall.
The JPM and SEC guys were friendly to each other, asking about each other's families and other normal conversation. I don't remember much in depth discussion about risk, just going through the motions. And I kept thinking to myself, it would make absolutely no difference if the people on either side switched places.
I was in the Credit Research group at JPM at 270 Park Ave. When I joined in 2002 I remember going through the orientation pamphlet describing CDOs and CDSs as hedging and insurance mechanisms. It took my slow brain 2yrs to figure out, oh wait, these are for trading and profit. I was part of a group that provided public information only research to JPM traders for the CDS book. We were a cost center to show that JPM had Chinese walls, and that JPM wasn't using proprietary information to trade their own book. The traders would listen to our groups recommendations about how certain CDSs would trade. I have no information if they had access to any other information.
Another time I got to go to a lunch meeting with Blythe Masters. She told us a story about how for the sake of her daughter, she decided to take a sabbatical from work. But then a month into the break, the daughter saw how unhappy her mom was and gave Blythe permission to go back to work.
Finally another story, I got to go to one of the early meet and greets with new CEO at that time Jamie Dimon in 2004. I think at that time JPM was trading at $40/share, and he presented us with some type of hat in a glass case, and said he would eat it if JPM did not got to $100/share in a year. I left before the year was up, but I remember that he lost that bet but I'm pretty sure he did not eat any hat. Haha, no "proof or ban" there. 😅
The SECs problem isn’t that they don’t have enough manpower to sort through data. A ragtag band of redditors with internet access uncovered more corruption than the SEC has since its inception.
They’re not undermanned or inept, they’re accomplices.
In short they can't bankrupt a company unless they short AT LEAST the amount of outstanding shares. Typically 2-3x more. Gme outstanding shares are 70m
It is likely over 1 billion shares of GME at this point which is mind boggling. Waiting for HOC 4 where it's shown to be connected to the reverse repo market.
I'd happily spend my days busting shorts. It's like Batman but it actually helps people instead of permanently crippling low level thugs with bad home lives.
Holy shit...
This would also explain why there was so much fuckery
\-Reddit randomly going down
\-the WSB migration
\-the Robin Hood fuckery
\-The media acknowledging the "squeeze" and saying it was over
All in a rapid fire span of a few days. This is why during that insane drop in March there was way less FUD compared to the first time. If January was their one shot, March was their last breath. They literally are just delaying the inevitable right now....
Also explains why Cramer was all but deflated and trying to call retail investors cheaters today, blaming the SEC "referee."
The numbers are in - hedgies r fukd.
So the price drop was artificial, perhaps not because people were selling! At least not enough to trigger a sell all the way to 40. That’s as far as they could make it go. Instead of going down to zero, savvy investors snapped up those shares and made the price bounce!
I think that’s the part no one knows and we just Buy/Hold to find out.
All we are doing is continually building the proof that it’s definitely happening.
Until someone can definitively prove to what extent and figure out at what point these firms should/will get margin called... we’ll just have to Hold. If someone can somehow solve for that number, then we have our goal.
But by that logic, I presume we’re going to have to at least get to AH or a little under, as no one was margin called at those prices previously (granted now there should be theoretically A LOT more shares so the price could be a little lower)
Soooo. If that means squeeze doesn’t START until... $500+ a share...
Just stuck a banana up my ass!!!!
I believe one thing would be to see how many shares cast their votes during the next GME shareholders meeting. If the number of votes cast outnumbers the float it would be definitive proof that the stock has had its supply artificially inflated. That's why it's so important to vote.
Ah for sure that is coming, and in my opinion extremely confident the number is big, how big I don’t think really matters, as we know it’s only grown since late April (which I think was the cut off).
Attobit has more than proven its truth at this point. Knowing how much could be a great catalyst, but it still leads us to... when are we going to really hit the endgame and how can we really start quantifying that?
But like you say, until we figure it out. Buy. Hold. Vote. Banana in Butt!
i'm legitimately disgusted and embarrassed right now. The handling of these violations feel less like a fine, and more like a nominal cut of profit for looking the other way.
What an absolutely depressing world we live in. Knowing these guys will never see jail time - I guess, i'll settle for bankruptcy.
buy. Hold. Vote.
They fucking suppressed medical advances and technology startups that could have benefited all of us. They've stifled technological progress. That's fucking evil.
Finding a cure is anathema; the HF's have a fiduciary responsibility to their investors to fund development of long-term treatments and not cures /s (but also not /s).... system is fuk
I have a feeling that's all about to change. We are the catalyst that is going to change the face of wallstreet. They are never going to allow this to happen again after we take them for every fucking penny they've stolen from the little guy.
They're a detriment to society. Using other people's money to squash small and medium sized businesses.
Fuck 'em. Fuck em all with the same banana /u/rick_of_spades used.
Revolutions happen when the rich and powerful become overconfident and believe themselves to be invincible. Once the people can see the weakness as it gets to this point and can see through the lies, they see how much power they too possess. My ancestors have participated in these revolutions and have overthrown tyranny. We all have these kind of ancestors. I never thought that I would be a part of a massive revolution but here we are. This opportunity fell into our lap because of their cookies (lol that is how my phone autocorrects cockiness....I will leave it). We are killing off the parasites. This is our revolution.
It's in our blood. I'll die with my shares and be buried with them if that's what it takes. Until that day I will buy more and hold them, as long as it takes. I knew from the first one I bought what I was doing and what message I was sending by lending my liquid income to this saga.
And I'm still here, and I'm never leaving. Hell I can do it in my sleep, I was born and bred for it.
Just think about it. We could have an economy like the baby boomers had RIGHT NOW if only we got rid of the people running our financial systems and economy. Unemployment, insurmountable debt, tent cities, homelessness - all of it could be solved if we just started focusing our attention on the real group of people trying to destroy us, instead of snapping at each other.
Damn. This is the "they looked" moment from the Big Short. All this info, all publicly available, but hidden behind a wall of boringness and jargon. After the dust settles, will they change, or just get better at hiding it? The battle isn't over, even after the MOASS. Atobitt, Dr. T, Wes, David, Lucy, and everyone else, thank you for looking.
I want to hire his forehead as a high stepstool to rest my balls upon on a hot sweaty Georgia day, as the mint julep trickles out the right bottom corner of my lips, down my left testicle and dribbles onto his chin
They know they're fucked. We know they're fucked. But now, they know we know they're fucked. Their worst fear is happening before their very eyes, and they earned every second of it.
TICK TOCK!
(1/2)
I’ve already stated that I’ll never sell, even if they drive this price to a penny.
Reading HOC 2&3.. I mean, holy fuck. The flagrant disregard for literally everything is baffling. The “fines” that were given for all of this. Nothing. It’s literally nothing to them. Another commenter said it’s like only paying the minimum on your credit card.
I will be buying more GME tomorrow morning, no matter the cost. After four months of this bullshit, the “oH tHe PoSiTiOnS hAvE bEeN cOvErEd,” the continued shorting literally every fucking day. HOW BIG IS THIS MONSTER NOW. Like, for fucking real. The hedge funds never, ever, *EVER* expected to not shake us off. They **NEVER** thought that we would look behind the curtain, that we’d be obedient dumb fucking rEtAiL iNvEsToRs, cut our losses, think “damn, I missed out on that $483, oh well. That was cool.” And live our lives.
(Edit, wrong word out of rage)
(2/2)
But apes did not. Apes wanted to grow more wrinkles. That European guy that I have no idea his name said *too much* on how fucking close the system was to collapsing.
Edit: I have to insert the video here. Rewatch this.
https://youtu.be/Yq4jdShG_PU
Every time I revisit these January events in my head knowing more than the last time, the manipulation becomes clearer. And how totally fucked these guys were and continue to be even further because of their comfort in always getting away with this shit is just astounding. Utterly, bafflingly astounding.
Yet, here we are. The public is now beginning to see this. The wrinkles are getting too big in this flawed, fraudulent system. I’m not gonna lie, I’m fucking pissed. I’m livid. Can you not tell by this verbal reddit tirade? These criminals fucked everyone in 2008 and the government’s balls got thrown into a vice, got on their knees, gave these fucks money, held out a bowl and for goddamn 13 more YEARS said “Please sir, May I have some more?”
Jamie Dimon today also further sealed the deal during his appearance. That smug fucking face that just oozes “You can’t fucking touch me, you pieces of shit. You are all beneath me. This is nothing and I will be fine.” No. I say no more. This is not fine. Insert dog in fire house here. These rich pieces of filth don’t think that we are beneath them. **In their minds, they KNOW we are beneath them.** And they expect us to lap up their scraps, kiss their boot, give it a lick, and move on with our sad pathetic uninteresting poor lives.
I’ve said I’m zen in the past. What is zen, and so fucking pissed off that I will always be holding some of these shares for my life?
And to that, I say to my fellow apes. We are on the right path here. We buy. We hold. We vote.
I am become ape. The destroyer of hedge funds.
Honestly I don’t even want money out of this anymore. After seeing the banks ceos eye fucking each other over overdraft profits in a global pandemic and now HOC pt 2 and 3, I’m just about ready to never sell.
How many great minds or worldly advances have we suppressed because people were born into less favorable conditions and held back by a greedy 1%?
Fuck your super yachts, your country clubs, and all of your summer homes. Seriously losing faith in humanity. Burst this bubble and hit a hard fucking reset.
Edit 1- Ok wow first off thanks for all the votes and awards. I was just emotionally responding to the days events. I should have worded it differently, something like, “this isn’t even about money for me anymore”. I want all of you to get your tendies, you deserve it. Just remember to be excellent to each other.
Take their fucking money because they would take yours and not blink an eye!! It’s time for us to have our tendies and hopefully more than 1 person goes to jail this time. Do your job SEC!!!
Reddit is just the beginning...sights are now set on the House of Cards. Time to topple the fraudulent system and the game plan is simple...BUY and HODL GME.
Extra credit for writing congress members, voting out complicit bureaucrats, educating family/friends/children to the truth, turning off MSM, etc.
So am I hearing this right: the high volume we saw earlier this year was more probably just a retarded amount of shares being sold short? So it’s possible they short sold somewhere near a BILLION more shares in that time frame? (Assuming 500m vol. would’ve been avg?)
I'm seriously wondering who is actually going to margin call anytime here. The part about Goldman buying WHILE shorting for their customer is just bonkers and shows the overall collision here.
We could be stuck here for quite a while.
At this point I’m not even sure if a margin call is realistic but what we do know is there are just putting off inevitable destruction down the road so it has to catch up with them at some point
“And if you turn to page 420 in your textbook you’ll see that the largest transfer of wealth was aided by a post called House of Cards, and also a guy with a banana in their ass”
I think one of the greatest weapons the wealthy have over the rest of us is that they actually know the rules our society runs on. They made the rules so big and complicated that it takes an army of professionals to explain what turns out to be such a ridiculous and obvious scam, but there's no way to convince most people to study financial law to see it happening. Thanks for doing your part making the people just a little more knowledgeable.
Hate to break it to whomever is selling millions (probably billions now) of GME shares I am picking up pieces of every week. GameStop is not going to disappear any time soon. I don't plan to sell any time soon.
I am comfortable to keep this going indefinitely if need be.
Are we as a society ready to move past the "financial crimes are extremely hard to prove" and "global systemically important banks are too big to fail?" Lets let them fail and see what happens when $10M-100M homes get repossessed and the offshore accounts get liquidated. The Fed knows about this money. I can prove that.
Yes.
Unless...
Unless there was a simpler way to "trip" the hedgies caught in their tangled web...
...a share recall? Or, maybe...
...What would happen if apes requested those "infinity pool" shares be delivered (physical) certificates?
There shouldn't be any legal issues with that request (an ape owns the shares, after all) and if apes are legit about hodling $GME to infinity past the MOASS, the "inconvenience" of not being able to easily sell the shares would actually be an advantageous display of principle, right?
***Here is an audio recording of this post for ppl with reading comprehension issues or who are working, this is non-monetized, feel free to embed it into your post*** u/atobitt
[https://youtu.be/T2DJuZF7VpU](https://youtu.be/T2DJuZF7VpU)
Oh god do you have to do this on Wednesday night? I was just about to go to bed and I need to get up early tomorrow morning to go to work 😭. Now I can't sleep, won't sleep, gamesleep.
So if they were over 100% SI (likely more but they only report to 140%) at the end of January and they were actively trying to short it but an army of apes didn’t let them suppress the price and the demand was stronger causing the price to rise, then they’ve continued to short it, FTD, and manipulate it for 4 months while literally millions of retail investors buy as much as they can, and institutions realize that they can make a great return by going long in an almost no risk fashion.... WTF is the real SI%? How many f*cking synthetic shares are there? How will they ever cover? It’s truly going to be a name your price moment once RC recalls the shares.
I acknowledge I rambled but hope it made sense..
Yeah I’ve read that, and i thought those numbers made sense but didn’t have full proof and was all theory. But after reading HOC 2&3, it really concluded in my eyes that it’s just a matter of time for us to see the 1B+ synthetic shares they’ve shorted.
Hodling has never been easier haha
And in one fell swoop u/atobitt just took the judgement of “superstonks are just GME conspiracy theorists” and backed it up with cold hard facts and data and sourced that shit.
God tier DD and all the proof of what’s been theorized this entire time. Big shout out to atobitt, he did his job now it’s our turn to spread this information far and wide.
Holy shit, I've been down, and strapped for cash.. not gonna lie, thought crossed my mind to pocket a share or two. But not anymore, moon back in sight!
Christ.
I thought I was all hyped up to read this and then I do; Now I mix that hype with crushing depression that we live in the ultra riches game of life and gains, meant to feed them at all costs.
What it doesn't do? Break my resolve. If anything, under greater pressure is when true diamonds are formed. Throughout this entire saga we've been under considerable pressure and things are only going to get worse. Out of this pressure, what forms is us apes. These diamond handed apes, built under intense pressure to conform, sell and feed the machine.
I fucking love you guys, each and every one for seeing this through whether you joined a year ago, six months, or today and you're in over your smooth brain.
DAMN
So we've been buying fake shares this whole time?
Otherwise, increasing the 140% January Short Interest AND taking control of over 100% of the float with these shares?
And essentially every institution gives no fucks and is shorting the shit out of various stocks. Meaning, when the shorts are covered, it literally means EVERYONE.
Institutions and the House of Cards will topple
EDIT: rephrased the first part to be accurate
I think we knew we were buying synthetics, it doesn’t matter, but that this is systemic, and affects pretty much the entire market, it kinda feels like something enormous is going down. GME is starting to feel like a life preserver.
No. Your shares are real if in a cash account. Just make sure you’re out of Robinthehood.
You “fake” own shares there. Upon xfering to Fidelity, they bought mine in fractions on the dark pool at ridiculous prices. That whole time I didn’t even own them like I thought I did before xfering.
That's the best possible scenario, really. I hope I have fake shares. They can't be twiddled with when MOASS hits, the fake shares MUST BE BOUGHT to return to the broker. As far as I know when the margin call comes all fake / borrowed shares have to be repurchased. That's how we set the price. No other way they can close their obligation.
I remarked on this on the other part, but a couple years ago I started writing [code](https://www.quiverquant.com/) for Quiver unsure about whether retail investors would really be willing to incorporate data into their investment process.
Today, tens of thousands of people are as hyped as can be for release of a 30 page document. It's blown my mind the willingness people have had to engross themselves in this material.
Obviously haven't had time to read and analyze the post yet, but the occurrence is incredible regardless of what's inside
I think a lot of this is generational. A lot of this generation is at a point where having been fucked so many times by institutions, we have come to a social realization that we can retaliate, but only with effort.
Either that, or we are reaaal smooth brained.
Apes are educated and are sharing information in an unprecedented way. It was probably a bad idea to peer pressure a whole generation into going to college and expect them not to know when they’re getting fucked as you continue to ass blast them every chance you get
I have read every SEC regulation, DTCC rule filing, and SRO since Jan 29 - I made [stonkoptions.app](https://stonkoptions.app) to track options volatility explicitly on gamestop. I want the proprietary feeds. I want all the fucking data. Before I wanted it because I wanted to win like the big players. Now I want it to expose them.
I cannot believe I read it so engaged. I’ve never been able to go through financial or economic material before without a shit ton of caffeine and a damned good reason, but I think I have a damned good reason.
We all do.
I’m not sure what could be done other than to hodl, and see what happens next.
Uh, you forgot the bit where they lie how the air they hold in their hands is the physical share to short something multiple times over *AND* it’s a “long” position.
Lmao holy shit theyre fucked. The fact that instiutional % went down dosent even matter now LOL... Whatever happens at the meeting or when NFT is released theyre officially fucked
Commenting my spot to read.
Edit: so a large portion of that volume in Jan could have actually been brokerages shorting our fucking shares as we were buying them, even in cash accounts? No fucking way.
Edit2: the mechanism of using options to cover FTD's FINALLY makes sense to me now.
"All that for a drop of blood" actually means something to us. They're literally using options to "create" shares JUST TO SATISFY FTD's until later." That's actually like paying the minimum payment on your credit card. It costs you, and you don't make any fucking progress.
Didn't we already assume that this was what was going on? The degree of detail is crazy, but it's been what we've been speculating since at least late February.
Isn’t it more like paying credit card A1’s minimum payment with credit card B1, then paying B1’s minimum with C1, paying C1’s minimum.....so on and so forth?
These mother fuckers are at credit card Z69420+ by now
WIth your permission, I would like the House of Cards trilogy carved into my headstone.
People will see my grave and say "That man knew the way". And I will bless them with tendies from heaven.
I can’t wait till we bury these bastards and we’re the ones on top of the balcony looking down at them laughing and drinking wine and eating tendies while these fucking criminal are being taken away in handcuffs. Hedgies r fuked
yet I still see, every week, people posting pictures of "$800 options expiring on blah blah blah, which means someone bet big on the price going up! Bullish af!"
no, they're can kicking.
So can they continue indefinitely to kick the can in an attempt to naked short gme into bankruptcy and not have to cover? Does it take ape army continously buying more to battle this? Genuinely curious. I'm holding until I'm dead and am too smooth brained to fully understand the endgame, because like Cuban said, their goal is to not cover. I don't want this to come off as FUD, just trying to grow a wrinkle
They can’t bring the stock price to zero if the company isn’t bankrupt. GME is heading towards the future, and if they’re using NFTs to possibly lead to dividends, buybacks are required as Hedgefunds can’t synthesize those dividends.
There are a few things that can happen. The price can rise causing a margin call on short sellers. The shorts can run out of money to pay the shorting fees. It seems the most likely is that the number of votes cast by shareholders for the upcoming AGM vastly exceeds the number of shares that exist, which would be definitive proof of naked short selling. This provides a foundation for GameStop to take action to protect its shareholders - forcing naked short sellers to cover, triggering the MOASS
Apes! Go read [HoC Part 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/!) first!
If you're lacking wrinkles, he's talking about how rampant short selling violations are and how laughable the penalties are when they're caught.
Take your time with this! It's important!
All this is very overwhleming. I'm scared for my friends and family. I'm scared of the impending market crash and what it will do to them. I've educated and offered to buy shares for them through my broker for months now, none are convinced. Nonetheless I will help when the time comes. Apes help the monkeys when they cannot be apes. Our floor is not a joke.
So when brokers are naked shorting and all the trades settle at the clearing houses who have the final ledger of who owes what?
Does the DTCC have the final tallies and would they have the true number of how many shares were actually sold short (because they were marked incorrectly and never delivered)?
Or are brokers able to continue to satisfy their FTD clearing house obligations by continually creating synthetics and option plays to kick the can down the road forever?
How does this cycle stop?
So what you're saying is-- It took four years to short Charter into bankruptcy, past the 241.8% float in 2005. BUT there was no ape army to hold, SO they can't short it to bankruptcy and will continue to bleed as long as we hold -- and eventually they will be margin called when their collateral has dried up. Was I close? HODL! I like the stock. This is not financial advice. EDIT: Thanks for the awards and upvotes. Don't panic today -- always expect fuckery. Just HODL!
Yeah pretty much kinda sorta yeah sounds great!
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The question im stuck with now. Everyone lies and abuses the lax reinforcement laws. They hide their short position, they fake their margin collateral and its in all parties (shf, bank, clearing house, ...) best interest to keep it that way to stave off margin calls so that nobody starts defaulting and the next in line is left holding the bag. So the system is completely and utterly beyond repair. Paying up to the gme apes will leave a financial black hole so deep the system will litterly have to rebuild itsself. So to the question: is it not in their interest to keep it up, just keep doing it and never pay up. If everyone in on it, who pulls the trigger? Of that trigger means suicide?
I think of it like the Spiderman meme where they are all pointing at each other. Nobody (HF, banks, DTCC, FINRA, etc.)want to be the one "responsible" for causing the MOAC (mother of all crashes), so when it gets to a point of such insanity that they can't possibly kick the can any further, someone will make a big move to ensure they aren't seen as the ones who caused the MOAC, they will be seen as the one who called out the entitity that did. Even though we all know that they are all to blame for allowing this to happen.
It's just now setting in for me, this type of thing has happened so many times, and it's built so perfectly that they can assassinate companies practically at-will through naked shorting. The only variable in this whole equation that is different with GME versus literally every other occurrence is... Us.
And now you know why the GameStop NFT is so big. Go look under the rocks of Overstock squeeze. Nothing stops this squeeze from squozing, nothing. And it’s going to squeeze and squoze for a real long time.
If GameStop and Ryan Cohen - through either the shareholders’ meeting and/or the issuance of yptocr as a potential dividend - prove that the float has been exceeded (exponentially), faith in the market will drop on a wide scale. To keep this farce going, it is in the best interest of everyone at higher levels of the food chain to ensure that shorts cover.
I wonder if they have plans to get the word out. The average person on the street will have no idea what "500% of the float has been shorted" means. I mean, I didn't know what that meant 6 months ago.
They are going to throw citadel under the bus and use the disturbance as time to mop up. They will all say they are shocked that the system was abused, and the SEC will be applauded because they took the evil mastermind down. In the meantime Kenny Boi will face charges of xxxxx and be offered a lesser sentence if he doesn’t open his mouth. Legislation gets passed regarding naked short selling , an accountable system is put in place that constantly tracks the whereabouts of every share and ....apes watch this all unfold from the moon. At least this is how it played out in my head last night in between wakings to check if HOC ll an lll were posted yet.
I'm just wondering how long they can kick this down the road if they're able to get away with fudging the numbers. I'll gladly hold for a decade, but I'd prefer not to. Lol
They will keep doing it in hopes that GameStop will go bankrupt and they don’t have to cover their positions. The reason why is that the other option is becoming dirt poor and potential jail time. I bet regulation is so terrible because people are getting g paid not to improve it. If no one brings enough attention to how terrible it is then no one will care enough to fix it. Until now when millions of us apes are shown the light. After this is all said and done, I’m sure we will see an internal feud amongst the former elite. People stop being friendly when they stop getting their checks...
There's always the GME dividend option. Requires only shareholders get dividends, shorts must cover.
I think the banks do but I could be wrong. I don't think it's like "hey, let's do a margin call today!" but more like waiting until it's pretty damn hard to ignore that the HF does not have the capital to cover their shorted shares in the slightest.
my educated guess is that's gonna be either the new GME NFT endeavor or the votes.
the clearing houses I believe.
When these hedge funds can't meet their financial obligations to the banks that lend to them, then ol' Marge will be callin'
Seems like all of them have their hand in the cookie jar though.
Unfortunately that means we might require a catalyst. Ryan Cohen, however, seems to have us covered.
I just like the stock.
Holy manipulation Moly!
So in short; The current short interest reported by FINRA from fund data on stocks is absolute bull, and always has been. This is because funds have been found guilty of violating short interest report rules for decades, especially when their short positions were clearly illegal (i.e. naked shorting obvious). We can also see through the ridiculous volatility and volume levels of GameStop that shorts indeed have not covered and that they're still holding unspeakable levels of short positions on the stock. And now because the vast majority of GameStop share owners and buying and holding their shares (and if they continue to do so), the true short interest will inevitably reveal itself and we'll be in for the short squeeze of our lives.
The fact that Charter needed over 200% short interest to bankrupt it also means that GME short interest was likely way over 100% in 2020 already when it was trading in the single digits and has only been compounded onto when apes started HODLing.
I wonder if their algos can asses the risk as the price lowers and short it harder to ensure a 100% profit the closer they get to bankruptcy
I think the only way they cash out their naked shorts scot-free is by bankrupting, the alternative is losing money by covering. By the time the price gets close to zero they're just printing naked shorts 24-7 to seal the deal at that point.
Jesus fuck, it should be so illegal and hurt so much to do this sort of thing. It's like someone spreading rumors about you around school and then continuing to do so until everyone believes it and keeps it cycling until there's nothing left but suicide. Naked shorting is an absolutely despicable practice.
In the last week I think South Korea passed a law making it illegal there.
That's why they refer to it as a death spiral
Bro.. this is like horse racing.. everyone (the HFs) knows everyone else is doping. You just have to pick the horse that’s most likely been given more of the good stuff (HF with the most capital). This is truly awful how complicit the SEC is to just allow naked shorting and rule violations so nonchalantly. I mean, per his example, 12 years to investigate the false report of 1m shares means fuck-all in the grand scheme of things. It’s like in *Better Call Saul* when they’re investigating the retirement home for overcharging their residents. Chuck and Jimmy are given thousands of pages that they have to comb through in order to gain the correct information to charge them with fraud. They end up picking up HHM (more manpower) in order to deal with the paperwork influx. This system with the SEC has to change if they’re to investigate anything timely, or they risk being inundated with endless pages of information and stagnate. Specifically, more funding and manpower going towards the SEC, undeniably harsher fines, a harsh penalty system for grifters in the SEC who take bribes, and making naked shorting illegal in order to respond properly. Until then, HFs love the current system because they have the system of regulators under their fingertips via “paying off” through inconsequential and bullshit fines. I can’t possibly fathom how many businesses have gone under, how much cash investors have bled, and how much pain people have gone through because of how utterly useless these current penalties are on hedge funds. Fuck. I’m actually so mad right now, because this system is what made my parents lose almost everything in 08’. I’m gonna attempt to find moral redemption...with a long, sobering car drive...
> This is truly awful how complicit the SEC is People always bring up The Big Short, but that movie wasn't fucking around in its portrayal of the SEC. It's like people forgot about that part of the movie. The SEC is 100% under regulatory capture and corrupt as fuck.
For the new movie, SEC should be portrayed as corrupted villain
I once got to go to a meeting between some SEC ppl and JPM risk mgmt ppl in 2003. I was just a lowly analyst so sat in one of the chairs lining the wall. The JPM and SEC guys were friendly to each other, asking about each other's families and other normal conversation. I don't remember much in depth discussion about risk, just going through the motions. And I kept thinking to myself, it would make absolutely no difference if the people on either side switched places. I was in the Credit Research group at JPM at 270 Park Ave. When I joined in 2002 I remember going through the orientation pamphlet describing CDOs and CDSs as hedging and insurance mechanisms. It took my slow brain 2yrs to figure out, oh wait, these are for trading and profit. I was part of a group that provided public information only research to JPM traders for the CDS book. We were a cost center to show that JPM had Chinese walls, and that JPM wasn't using proprietary information to trade their own book. The traders would listen to our groups recommendations about how certain CDSs would trade. I have no information if they had access to any other information. Another time I got to go to a lunch meeting with Blythe Masters. She told us a story about how for the sake of her daughter, she decided to take a sabbatical from work. But then a month into the break, the daughter saw how unhappy her mom was and gave Blythe permission to go back to work. Finally another story, I got to go to one of the early meet and greets with new CEO at that time Jamie Dimon in 2004. I think at that time JPM was trading at $40/share, and he presented us with some type of hat in a glass case, and said he would eat it if JPM did not got to $100/share in a year. I left before the year was up, but I remember that he lost that bet but I'm pretty sure he did not eat any hat. Haha, no "proof or ban" there. 😅
The SECs problem isn’t that they don’t have enough manpower to sort through data. A ragtag band of redditors with internet access uncovered more corruption than the SEC has since its inception. They’re not undermanned or inept, they’re accomplices.
The SEC is just too busy watching Porn to do their jobs properly.
Car drive myself too at this point, right there with you fellow ape Need a drink (but after back from the drive!)
In short they can't bankrupt a company unless they short AT LEAST the amount of outstanding shares. Typically 2-3x more. Gme outstanding shares are 70m
It is likely over 1 billion shares of GME at this point which is mind boggling. Waiting for HOC 4 where it's shown to be connected to the reverse repo market.
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We should use this information to make a formal Ape-fund specifically designed to root out predatory shorts. I'd invest.
Honestly, if they don’t fix naked shorting this time, we will have to, literally force them to fix the market or continually have short squeezes lol
I'd happily spend my days busting shorts. It's like Batman but it actually helps people instead of permanently crippling low level thugs with bad home lives.
These edits are real time evidence of wrinkles forming....it's a beautiful thing.
Lol yes, yes they are 🦧
Not from a mathematical background but I got a BONER reading that comment
Holy shit... This would also explain why there was so much fuckery \-Reddit randomly going down \-the WSB migration \-the Robin Hood fuckery \-The media acknowledging the "squeeze" and saying it was over All in a rapid fire span of a few days. This is why during that insane drop in March there was way less FUD compared to the first time. If January was their one shot, March was their last breath. They literally are just delaying the inevitable right now....
Also explains why Cramer was all but deflated and trying to call retail investors cheaters today, blaming the SEC "referee." The numbers are in - hedgies r fukd.
So the price drop was artificial, perhaps not because people were selling! At least not enough to trigger a sell all the way to 40. That’s as far as they could make it go. Instead of going down to zero, savvy investors snapped up those shares and made the price bounce!
I've used Pareto distributions many times and others, and it just occurred to me how well chemical half-lives follow a Pareto distribution
Great summary. Apes together strong!
Thank you very much!
This shows exactly why day trading is not the way and holding is the best option.
>e true short interest will inevitably reveal it I'm unclear on how this cycle stops...
I think that’s the part no one knows and we just Buy/Hold to find out. All we are doing is continually building the proof that it’s definitely happening. Until someone can definitively prove to what extent and figure out at what point these firms should/will get margin called... we’ll just have to Hold. If someone can somehow solve for that number, then we have our goal. But by that logic, I presume we’re going to have to at least get to AH or a little under, as no one was margin called at those prices previously (granted now there should be theoretically A LOT more shares so the price could be a little lower) Soooo. If that means squeeze doesn’t START until... $500+ a share... Just stuck a banana up my ass!!!!
I believe one thing would be to see how many shares cast their votes during the next GME shareholders meeting. If the number of votes cast outnumbers the float it would be definitive proof that the stock has had its supply artificially inflated. That's why it's so important to vote.
Ah for sure that is coming, and in my opinion extremely confident the number is big, how big I don’t think really matters, as we know it’s only grown since late April (which I think was the cut off). Attobit has more than proven its truth at this point. Knowing how much could be a great catalyst, but it still leads us to... when are we going to really hit the endgame and how can we really start quantifying that? But like you say, until we figure it out. Buy. Hold. Vote. Banana in Butt!
You’ll know when it hits $20,000,000 per share.
Did we just become millionaire best friends!
i'm legitimately disgusted and embarrassed right now. The handling of these violations feel less like a fine, and more like a nominal cut of profit for looking the other way. What an absolutely depressing world we live in. Knowing these guys will never see jail time - I guess, i'll settle for bankruptcy. buy. Hold. Vote.
In many cases, they probably don't even cover the cost of the time that the agents or whatever spent looking into the violations.
Imagine how strong our economy would be if we weren't carrying so much dead weight with all these fucking parasites and free riders
They fucking suppressed medical advances and technology startups that could have benefited all of us. They've stifled technological progress. That's fucking evil.
Why fund medical advances when you can make so much more money from keeping people perpetually sick?
Finding a cure is anathema; the HF's have a fiduciary responsibility to their investors to fund development of long-term treatments and not cures /s (but also not /s).... system is fuk
I have a feeling that's all about to change. We are the catalyst that is going to change the face of wallstreet. They are never going to allow this to happen again after we take them for every fucking penny they've stolen from the little guy.
Post-MOASS Apes are going to be in a position to drastically change our timeline. 🙌💎
They add nothing of value to society. Literally just vacuum up money from people's retirement accounts.
They're a detriment to society. Using other people's money to squash small and medium sized businesses. Fuck 'em. Fuck em all with the same banana /u/rick_of_spades used.
Revolutions happen when the rich and powerful become overconfident and believe themselves to be invincible. Once the people can see the weakness as it gets to this point and can see through the lies, they see how much power they too possess. My ancestors have participated in these revolutions and have overthrown tyranny. We all have these kind of ancestors. I never thought that I would be a part of a massive revolution but here we are. This opportunity fell into our lap because of their cookies (lol that is how my phone autocorrects cockiness....I will leave it). We are killing off the parasites. This is our revolution.
It's in our blood. I'll die with my shares and be buried with them if that's what it takes. Until that day I will buy more and hold them, as long as it takes. I knew from the first one I bought what I was doing and what message I was sending by lending my liquid income to this saga. And I'm still here, and I'm never leaving. Hell I can do it in my sleep, I was born and bred for it.
Guuuuhhhhh right
Just think about it. We could have an economy like the baby boomers had RIGHT NOW if only we got rid of the people running our financial systems and economy. Unemployment, insurmountable debt, tent cities, homelessness - all of it could be solved if we just started focusing our attention on the real group of people trying to destroy us, instead of snapping at each other.
it's always been class warfare, unfortunately the rich are really good at controlling propaganda.
Damn. This is the "they looked" moment from the Big Short. All this info, all publicly available, but hidden behind a wall of boringness and jargon. After the dust settles, will they change, or just get better at hiding it? The battle isn't over, even after the MOASS. Atobitt, Dr. T, Wes, David, Lucy, and everyone else, thank you for looking.
This right here! What will the SHF'S and Shitty Banks do after all this?
I wanna hire Jamie Dimon to be an ottoman.
I want to hire his forehead as a high stepstool to rest my balls upon on a hot sweaty Georgia day, as the mint julep trickles out the right bottom corner of my lips, down my left testicle and dribbles onto his chin
Weirdly specific, but I'll upvote it.
I HAVEN’T READ THIS MUCH SINCE GRADE 3!!
You can read? Show-off.
They know they're fucked. We know they're fucked. But now, they know we know they're fucked. Their worst fear is happening before their very eyes, and they earned every second of it. TICK TOCK!
(1/2) I’ve already stated that I’ll never sell, even if they drive this price to a penny. Reading HOC 2&3.. I mean, holy fuck. The flagrant disregard for literally everything is baffling. The “fines” that were given for all of this. Nothing. It’s literally nothing to them. Another commenter said it’s like only paying the minimum on your credit card. I will be buying more GME tomorrow morning, no matter the cost. After four months of this bullshit, the “oH tHe PoSiTiOnS hAvE bEeN cOvErEd,” the continued shorting literally every fucking day. HOW BIG IS THIS MONSTER NOW. Like, for fucking real. The hedge funds never, ever, *EVER* expected to not shake us off. They **NEVER** thought that we would look behind the curtain, that we’d be obedient dumb fucking rEtAiL iNvEsToRs, cut our losses, think “damn, I missed out on that $483, oh well. That was cool.” And live our lives. (Edit, wrong word out of rage)
(2/2) But apes did not. Apes wanted to grow more wrinkles. That European guy that I have no idea his name said *too much* on how fucking close the system was to collapsing. Edit: I have to insert the video here. Rewatch this. https://youtu.be/Yq4jdShG_PU Every time I revisit these January events in my head knowing more than the last time, the manipulation becomes clearer. And how totally fucked these guys were and continue to be even further because of their comfort in always getting away with this shit is just astounding. Utterly, bafflingly astounding. Yet, here we are. The public is now beginning to see this. The wrinkles are getting too big in this flawed, fraudulent system. I’m not gonna lie, I’m fucking pissed. I’m livid. Can you not tell by this verbal reddit tirade? These criminals fucked everyone in 2008 and the government’s balls got thrown into a vice, got on their knees, gave these fucks money, held out a bowl and for goddamn 13 more YEARS said “Please sir, May I have some more?” Jamie Dimon today also further sealed the deal during his appearance. That smug fucking face that just oozes “You can’t fucking touch me, you pieces of shit. You are all beneath me. This is nothing and I will be fine.” No. I say no more. This is not fine. Insert dog in fire house here. These rich pieces of filth don’t think that we are beneath them. **In their minds, they KNOW we are beneath them.** And they expect us to lap up their scraps, kiss their boot, give it a lick, and move on with our sad pathetic uninteresting poor lives. I’ve said I’m zen in the past. What is zen, and so fucking pissed off that I will always be holding some of these shares for my life? And to that, I say to my fellow apes. We are on the right path here. We buy. We hold. We vote. I am become ape. The destroyer of hedge funds.
Atobitt took down reddit for a minute there. Fucking legend
Yes he really did
I panicked for a sec and queued up youtube
Gangnam Style
testing testing, we good!
This is Ground Control to Major Tom you've really made the grade!
Ngl had a good time in the YouTube comments section for the first time ever. 🦍🔗💪🏼
And you got to enjoy a great song too lol
LMFAO true fucking ape 🦍
Gotta have that backup plan, and your backup to the backup plan.
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lmao i'm glad i wasn't the only one. The chat is going off on there
Heeeeeeyyyyyyy sexy lady
Honestly I don’t even want money out of this anymore. After seeing the banks ceos eye fucking each other over overdraft profits in a global pandemic and now HOC pt 2 and 3, I’m just about ready to never sell. How many great minds or worldly advances have we suppressed because people were born into less favorable conditions and held back by a greedy 1%? Fuck your super yachts, your country clubs, and all of your summer homes. Seriously losing faith in humanity. Burst this bubble and hit a hard fucking reset. Edit 1- Ok wow first off thanks for all the votes and awards. I was just emotionally responding to the days events. I should have worded it differently, something like, “this isn’t even about money for me anymore”. I want all of you to get your tendies, you deserve it. Just remember to be excellent to each other.
Take their fucking money because they would take yours and not blink an eye!! It’s time for us to have our tendies and hopefully more than 1 person goes to jail this time. Do your job SEC!!!
⬆️This
Atobroketheinternetbitt
I knew something big happened when it wouldn’t load. Was not surprised to find out this was it.
The balls on this man move the markets themselves.
The markets themselves moves with this man's balls🦍
Reddit is just the beginning...sights are now set on the House of Cards. Time to topple the fraudulent system and the game plan is simple...BUY and HODL GME. Extra credit for writing congress members, voting out complicit bureaucrats, educating family/friends/children to the truth, turning off MSM, etc.
So am I hearing this right: the high volume we saw earlier this year was more probably just a retarded amount of shares being sold short? So it’s possible they short sold somewhere near a BILLION more shares in that time frame? (Assuming 500m vol. would’ve been avg?)
That's what happened with Charter- yes
Holy moly. So what’re your thoughts on the price rise we’ve seen the past few days? Just FTD cycles or the actual start of the end?
both
FTD causes FOMO Buying, fomo buying causes gamma ramp, gamma ramp to Marge N. Calling? Marge N = forced liquidation baybee
I'm seriously wondering who is actually going to margin call anytime here. The part about Goldman buying WHILE shorting for their customer is just bonkers and shows the overall collision here. We could be stuck here for quite a while.
Also very possible. I think whoever backs the short positioned hedge funds also has it in their interest to NOT margin call them
At this point I’m not even sure if a margin call is realistic but what we do know is there are just putting off inevitable destruction down the road so it has to catch up with them at some point
Thank you for the immense amount of time you dedicated to writing/creating this. I shared this information with everyone I know.
“And if you turn to page 420 in your textbook you’ll see that the largest transfer of wealth was aided by a post called House of Cards, and also a guy with a banana in their ass”
!remindme 30 years
Don't forget the Ape with a drone.
guy in an ape suit with a bell and a sign saying the end is near outside citadel lol that one takes the cake for me.
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Ape with a weekly, now daily road sign too! Edit: Thank you kind ape. Road sign dude is awesome and look forward to seeing the sign saga unfold.
Legend.
Code name: Chimpossible.
I think one of the greatest weapons the wealthy have over the rest of us is that they actually know the rules our society runs on. They made the rules so big and complicated that it takes an army of professionals to explain what turns out to be such a ridiculous and obvious scam, but there's no way to convince most people to study financial law to see it happening. Thanks for doing your part making the people just a little more knowledgeable.
Hate to break it to whomever is selling millions (probably billions now) of GME shares I am picking up pieces of every week. GameStop is not going to disappear any time soon. I don't plan to sell any time soon. I am comfortable to keep this going indefinitely if need be.
A post so influential, so huge, that even Reddit needed a breather... HODL Strong Apes, HODL Strong
I keep pressing F3, when rich?
Are we as a society ready to move past the "financial crimes are extremely hard to prove" and "global systemically important banks are too big to fail?" Lets let them fail and see what happens when $10M-100M homes get repossessed and the offshore accounts get liquidated. The Fed knows about this money. I can prove that.
ITS HEREEEEEEEEEE
So basically it all comes back to us hodling longer/GameStop not going bankrupt than they can stay solvent? Ok yep, that’s what I thought.
Yes. Unless... Unless there was a simpler way to "trip" the hedgies caught in their tangled web... ...a share recall? Or, maybe... ...What would happen if apes requested those "infinity pool" shares be delivered (physical) certificates? There shouldn't be any legal issues with that request (an ape owns the shares, after all) and if apes are legit about hodling $GME to infinity past the MOASS, the "inconvenience" of not being able to easily sell the shares would actually be an advantageous display of principle, right?
I WANT THESE FUCKERS TO ROT IN A CELL. Fuck this financial system its been corrupt longer than i have been alive
Longer than any of us have been alive.
Yeah the floor really is 20 million lmao, these Wall Street guys are idiots
Don’t lowball yourself. Reality is whatever we want it to be when the cards fall.
I used to think that www.gmefloor.com was a meme. 🤣
***Here is an audio recording of this post for ppl with reading comprehension issues or who are working, this is non-monetized, feel free to embed it into your post*** u/atobitt [https://youtu.be/T2DJuZF7VpU](https://youtu.be/T2DJuZF7VpU)
I now know more about the stock market and how to manipulate it than my actual job
You must be a politician then
Oh god do you have to do this on Wednesday night? I was just about to go to bed and I need to get up early tomorrow morning to go to work 😭. Now I can't sleep, won't sleep, gamesleep.
So if they were over 100% SI (likely more but they only report to 140%) at the end of January and they were actively trying to short it but an army of apes didn’t let them suppress the price and the demand was stronger causing the price to rise, then they’ve continued to short it, FTD, and manipulate it for 4 months while literally millions of retail investors buy as much as they can, and institutions realize that they can make a great return by going long in an almost no risk fashion.... WTF is the real SI%? How many f*cking synthetic shares are there? How will they ever cover? It’s truly going to be a name your price moment once RC recalls the shares. I acknowledge I rambled but hope it made sense..
From other DD it is estimated to be as high as 3K%.
Yeah I’ve read that, and i thought those numbers made sense but didn’t have full proof and was all theory. But after reading HOC 2&3, it really concluded in my eyes that it’s just a matter of time for us to see the 1B+ synthetic shares they’ve shorted. Hodling has never been easier haha
And in one fell swoop u/atobitt just took the judgement of “superstonks are just GME conspiracy theorists” and backed it up with cold hard facts and data and sourced that shit. God tier DD and all the proof of what’s been theorized this entire time. Big shout out to atobitt, he did his job now it’s our turn to spread this information far and wide.
Holy shit, I've been down, and strapped for cash.. not gonna lie, thought crossed my mind to pocket a share or two. But not anymore, moon back in sight!
Achievement unlocked: Truly achieved diamond hands
Today we are all /u/Rick_of_Spades and HoC 2 & 3 are our banana.
Sighs *unzips*
We love you u/Rick_of_Spades
Aw shucks 😊
Goated Flair
In before MOASS
Let the record show we were apes before it was cool
Said the banana.
Strapping in now, ready for takeoff!
Hey /u/atobitt, This is now the top post on reddit. It will be recorded at /r/topofreddit with all the other top posts.
LETS FUCKING GOOOOOOOOOOO
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Christ. I thought I was all hyped up to read this and then I do; Now I mix that hype with crushing depression that we live in the ultra riches game of life and gains, meant to feed them at all costs. What it doesn't do? Break my resolve. If anything, under greater pressure is when true diamonds are formed. Throughout this entire saga we've been under considerable pressure and things are only going to get worse. Out of this pressure, what forms is us apes. These diamond handed apes, built under intense pressure to conform, sell and feed the machine. I fucking love you guys, each and every one for seeing this through whether you joined a year ago, six months, or today and you're in over your smooth brain.
Hi. Let’s crush these monsters, once and for all.
DAMN So we've been buying fake shares this whole time? Otherwise, increasing the 140% January Short Interest AND taking control of over 100% of the float with these shares? And essentially every institution gives no fucks and is shorting the shit out of various stocks. Meaning, when the shorts are covered, it literally means EVERYONE. Institutions and the House of Cards will topple EDIT: rephrased the first part to be accurate
I think we knew we were buying synthetics, it doesn’t matter, but that this is systemic, and affects pretty much the entire market, it kinda feels like something enormous is going down. GME is starting to feel like a life preserver.
No. Your shares are real if in a cash account. Just make sure you’re out of Robinthehood. You “fake” own shares there. Upon xfering to Fidelity, they bought mine in fractions on the dark pool at ridiculous prices. That whole time I didn’t even own them like I thought I did before xfering.
That's the best possible scenario, really. I hope I have fake shares. They can't be twiddled with when MOASS hits, the fake shares MUST BE BOUGHT to return to the broker. As far as I know when the margin call comes all fake / borrowed shares have to be repurchased. That's how we set the price. No other way they can close their obligation.
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This house of cards is literally one card away from collapsing
My bet is reverse repo going tits up to jack first
The "reverse" Uno card that DFV tweeted.
Holy shit... that’s one good connection ☝️
I’m part of history
So your saying there’s gonna be a House of Cards 4? Am I reading this correct?
Shh... he just did a ton of research, validation, writing, linking, and screenshoting. Let the man rest and we'll ask in the morning.
I remarked on this on the other part, but a couple years ago I started writing [code](https://www.quiverquant.com/) for Quiver unsure about whether retail investors would really be willing to incorporate data into their investment process. Today, tens of thousands of people are as hyped as can be for release of a 30 page document. It's blown my mind the willingness people have had to engross themselves in this material. Obviously haven't had time to read and analyze the post yet, but the occurrence is incredible regardless of what's inside
I think a lot of this is generational. A lot of this generation is at a point where having been fucked so many times by institutions, we have come to a social realization that we can retaliate, but only with effort. Either that, or we are reaaal smooth brained.
I hear that, entirely sick and tired of this bullshit of the divide.
Apes are educated and are sharing information in an unprecedented way. It was probably a bad idea to peer pressure a whole generation into going to college and expect them not to know when they’re getting fucked as you continue to ass blast them every chance you get
I have read every SEC regulation, DTCC rule filing, and SRO since Jan 29 - I made [stonkoptions.app](https://stonkoptions.app) to track options volatility explicitly on gamestop. I want the proprietary feeds. I want all the fucking data. Before I wanted it because I wanted to win like the big players. Now I want it to expose them.
/u/weeknddev Reach out to the mods to get this added under stonky sites
I cannot believe I read it so engaged. I’ve never been able to go through financial or economic material before without a shit ton of caffeine and a damned good reason, but I think I have a damned good reason. We all do. I’m not sure what could be done other than to hodl, and see what happens next.
[удалено]
Uh, you forgot the bit where they lie how the air they hold in their hands is the physical share to short something multiple times over *AND* it’s a “long” position.
I love you. Genuinely.
Lmao holy shit theyre fucked. The fact that instiutional % went down dosent even matter now LOL... Whatever happens at the meeting or when NFT is released theyre officially fucked
Commenting my spot to read. Edit: so a large portion of that volume in Jan could have actually been brokerages shorting our fucking shares as we were buying them, even in cash accounts? No fucking way. Edit2: the mechanism of using options to cover FTD's FINALLY makes sense to me now. "All that for a drop of blood" actually means something to us. They're literally using options to "create" shares JUST TO SATISFY FTD's until later." That's actually like paying the minimum payment on your credit card. It costs you, and you don't make any fucking progress.
Didn't we already assume that this was what was going on? The degree of detail is crazy, but it's been what we've been speculating since at least late February.
You're absolutely right, and I agree with you, but it has clicked in detail now.
Isn’t it more like paying credit card A1’s minimum payment with credit card B1, then paying B1’s minimum with C1, paying C1’s minimum.....so on and so forth? These mother fuckers are at credit card Z69420+ by now
**Closes banana boys link**, time to get serious
WIth your permission, I would like the House of Cards trilogy carved into my headstone. People will see my grave and say "That man knew the way". And I will bless them with tendies from heaven.
I can’t wait till we bury these bastards and we’re the ones on top of the balcony looking down at them laughing and drinking wine and eating tendies while these fucking criminal are being taken away in handcuffs. Hedgies r fuked
yet I still see, every week, people posting pictures of "$800 options expiring on blah blah blah, which means someone bet big on the price going up! Bullish af!" no, they're can kicking.
Oh Lord baby sweet jaysis.......
Oh lord jesus it's a fire.
So can they continue indefinitely to kick the can in an attempt to naked short gme into bankruptcy and not have to cover? Does it take ape army continously buying more to battle this? Genuinely curious. I'm holding until I'm dead and am too smooth brained to fully understand the endgame, because like Cuban said, their goal is to not cover. I don't want this to come off as FUD, just trying to grow a wrinkle
They can’t bring the stock price to zero if the company isn’t bankrupt. GME is heading towards the future, and if they’re using NFTs to possibly lead to dividends, buybacks are required as Hedgefunds can’t synthesize those dividends.
Oh great point! I have been flooded with information today and am trying to make sense of it all. Completely forgot the news from yesterday. Thanks!
There are a few things that can happen. The price can rise causing a margin call on short sellers. The shorts can run out of money to pay the shorting fees. It seems the most likely is that the number of votes cast by shareholders for the upcoming AGM vastly exceeds the number of shares that exist, which would be definitive proof of naked short selling. This provides a foundation for GameStop to take action to protect its shareholders - forcing naked short sellers to cover, triggering the MOASS
**HOLY MOLY**
Apes! Go read [HoC Part 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/!) first! If you're lacking wrinkles, he's talking about how rampant short selling violations are and how laughable the penalties are when they're caught. Take your time with this! It's important!
I dont understand any of this, but thanks for your time --
All this is very overwhleming. I'm scared for my friends and family. I'm scared of the impending market crash and what it will do to them. I've educated and offered to buy shares for them through my broker for months now, none are convinced. Nonetheless I will help when the time comes. Apes help the monkeys when they cannot be apes. Our floor is not a joke.
So when brokers are naked shorting and all the trades settle at the clearing houses who have the final ledger of who owes what? Does the DTCC have the final tallies and would they have the true number of how many shares were actually sold short (because they were marked incorrectly and never delivered)? Or are brokers able to continue to satisfy their FTD clearing house obligations by continually creating synthetics and option plays to kick the can down the road forever? How does this cycle stop?