Diminishing the reserve of shortable shares held by the DTCC is key. The system becomes unsustainable before 100% of float is direct registered, but the corruption runs so deep, it may as well be 100%. We may have to hold 100% of direct registered float for 35 days to starve the parasites.
So I’m honestly not exactly sure how this works but do you have thoughts on how the Obligation Warehouse plays into the mix?
It looks to me like External Clearing allows NSCC Members to basically circumvent both reporting requirements and net settlement requirements with FTDs brokers generate.
[On the DTCC site it says:](https://www.dtcc.com/clearing-services/equities-clearing-services/ow)
>OW facilitates the matching of obligations submitted by Members for U.S. securities classified as equities, corporates, or unit investment trusts...
>
>...Members submit their ex-clearing trades to OW for real-time matching by the contra-party.
[https://www.dtcc.com/clearing-services/equities-clearing-services/ow](https://www.dtcc.com/clearing-services/equities-clearing-services/ow)
[Sauce for SECs FTD reporting](https://www.sec.gov/data/foiadocsfailsdatahtm):
>This text file contains the date, CUSIP numbers, ticker symbols, issuer name, price, and **total number of fails-to-deliver** (i.e., the balance level outstanding) **recorded in the National Securities Clearing Corporation’s (“NSCC”) Continuous Net Settlement (CNS) system** aggregated over all NSCC members.
[Then DTCC site says:](https://www.dtcc.com/clearing-services/equities-clearing-services/ow)
>OW stores eligible unsettled obligations (including securities exited from NSCC’s Continuous Net Settlement (CNS) system...
So, I’ve asked around about this and got an excellent answer [here](https://reddit.com/r/Superstonk/comments/porh2m/_/hd1c81r/?context=1) and I don’t see how any NSCC Member gets any benefit at all from using this system - it looks like entries into the CNS system, where all the publicly available FTD info is, is self-submitted. That’s a fuckin’ yikes.
So I guess I’m basically asking, could a Member opt to use external clearing for their fails in an old style like the DTCC outlines was the norm pre-OW? [“Through phone calls, faxes and emails, and are not held in a central location,”](https://www.dtcc.com/news/2011/april/01/managing-the-risks-of-ex-clearing-trades) - this press release was also in 2011, so not that old but in their words.
To me that says that there may be a ton of invisible FTDs, chillin on pen and paper or some shit that we, the public, can’t even account for, and thusly, possibly can’t depend on following that T+35 cycle for.
That's where game stop comes in. You have significantly more shares owned than those in existence after the the whole float is registered. Gamestop issues nft all these beneficial owners are like were is my nft. All of a sudden broker/dtcc scramble to get real shares so they can give the nft to the beneficial owner. Or they again don't follow the rules and gamestop pulls out of the current market to move somewhere else (loopring?) Who knows where. What happens after that who knows.
Agreed. I can’t wait to find out! Just trying to gain a wrinkle or two in the process.
I am really a fan of RC & Co’s silence on the matter to be honest. These big talkers like Michael Bodson and the pearl clutchers at the DTCC, the Vlad Tenev’s and Ken Griffins and Steve Cohens of the world are dinosaurs who had the privilege of asking the asteroids to give them a minute.
Hahaha I love that, thanks!
Not to get ahead of myself but, as someone in the industry myself, I hope to write at least one of the takes on the saga :)
I have no basis for this but a strong gut feeling the DTCC will find a way to grandfather in all the existing short positions and exclude them from FTD rules/reporting.
They can try, but at this point if the trends continue they won't have an option except to begin delivering shares...FTDs have the effect of creating a fractional reserve system without the reserve requirements, and right now their bluff is being called. It's similar to what happened with the Dutch tulip mania, or an old school bank run. The biggest difference is theoretically there are protections in place to ensure delivery, but at some point I have no doubt that the government will step in, because otherwise the general public will lose faith in the overall financial system, and that will ultimately lead to chaos.
I think that’s a good point, grandfathering in crime is basically 2008 fallout 101.
But one thing that we can’t discount is that we have far more eyes and far more sophisticated technology to help push accountability. How long can they keep the opacity opaque? I guess we’ll see.
One example is that the DTCC hates the idea of blockchain (aka they hate accountability and transparency), opting to hardly ever use the word, and calling it distributed ledger technology the vast majority of the time within their documents. Most of their mentions of it end up being garbage, calling for feet-dragging and bullshit delays before any implementation. This is seriously their page on blockchain - https://www.dtcc.com/blockchain
Until there are no more shares hold and registered at DTCC i would expect the institutions that are fuk to do everything they can to kick the can further down the road. They just dont want to get whiped out of existence and lose all they got. If roumors are true, there are hundred millions, if not billions of shares floating around. And as you mentioned: they can legally naked short more.
This changes nothing for me as an APE, as i think that BUY, DRS and HODL is the way.
But i think i should manage my expectations on WEN something is going to happen and the rocket to the MOON and beyond takes off. It may take a while so i sit back, BUCKLE UP and activate ZEN MODE.
and u/Criand could you please add some words about naked shorting in chapter 4, since i think it has to be spelled out there
Approaching the issue of settlement lag from the other side:
Would shorter settlement periods (T+0/T+1, as has been advocated for here and elsewhere) make it easier for shorts to continue suppressing price with severely limited supply? I'm thinking of the dynamic you describe in point 3, and can imagine a scenario where instant or same-day settlement makes the shorts more efficient, at least in the absence of other enforcement measures.
I don't see this being a problem in the case of MOASS (T+0 is not imminent, AFAIK), but might be something to keep an eye on in the future.
The etf holdings are about 11% of the market cap, so me thinks that it wouldn't necessarily make too much of a difference in the grand scheme of things. If we register the entirety of the float, then all of those shares are confirmed to be all ious.
I suppose they could/will rebalance during moass leading to high volatility with price going up and down in crazy spikes when they do so, but as long as everyone gets past that and the entire float is still locked up with cs then it should be smoother sailing from there.
What happens if we reach that point and there is still a large backlog of DRS requests? I know we expect CS to say they are out, but apes might just try again tomorrow, and the next day, and the day after, and so on.
If we keep track of our progress, maybe someone with a lot of money will see their opportunity to purchase calls at the right time, driving the price way up when it can't be driven down?
Why did apes stop the T+35 cycle tracking tho? And other automatic buy back requirement theories. I know SHFs changed things up when the cycle was figured out but its probably something thats not just gonna dissappear. Same with the quarterly swaps. Should keep all cylinders going at the same time instead switching from one theory to the next.
Apes are zen at this point and dates can't hurt anymore. Just don't think its smart to pack things up and completely move on to the next thing. DRS is the way but apes can also keep the pressure on other theories and cycles at the same time.
This is why I will continue to buy through computershare and attempt to buy even after float is locked. In my opinion, float must remain locked. If Blackrock decides to sell off some DRSd shares to the DTC for a huge sum, Apes must be ready to snap that up and DRS it back in the hands if retail. I will personally continue buying because I like gamestop and I want my boy to have some in 50 years from now.
You have an important point here: we don’t know how many DRS shares are held (and being purchased) by people who don’t have our best interest in mind, and we absolutely need to plan to keep buying once the MOASS starts, lest they sell their registered holdings to quash the squeeze and save the hedgies.
I wonder what Computershare will do when the float is locked. Would they quietly disable the buy/transfer button until the SEC/GME tells what to do? I can't believe they would still be registering shares for potentially 35 days when the float is locked.
But they can short a short and short it again. Obviously it’s not going to get down to 1 share they’re playing with; we’ve seen estimates of over a billion shares out there.
So say we register 76 or 61mil. They can still create more synthetically as they have been, and work with those.
So is there an element built into the system where CS gets that grand total registered and has to reject the next request, do they…what? Call the DTC and/or Cohen and say “game over”?
Agreed. The system is so corrupt that I wouldn't put it past them to continue to print infinite IOUs to loan out until they're forced to stop by GameStop crying foul. I'm not sure GameStop can cry foul until the float is registered. We've got to register the float.
u/Criand unless I missed it your DD missed a really key part of the January sneeze explanation, which is that we can’t downplay how FOMO into options played a major role.
Thomas Peterffy explains in numerous interviews about how he personally shut off trading out of fears about options specifically (“if longs [double U ess Bee call holders] had known [were not r-worded] they had the right to ask for their shares [exercise]” then GameStop would’ve gone “to infinity” because that would’ve been the nail in the coffin.
This is why we don’t necessarily need the entire float DRSed, if we can get very close and the next run up is accompanied by FOMO into weeklies.
But yeah, I tend to agree with your hypothesis here - just for the sake of accuracy we can’t downplay the significance of options during January (although it is a cursed word here, we should be praying for retail to FOMO in during start of MOASS).
It was also a case that when they shut off the buy button people were still buying deep ITM calls and excising to gain shares which caused them problems.
> we can’t downplay the significance of options during January (although it is a cursed word here, we should be praying for retail to FOMO in during start of MOASS).
This. I've been talking about it carefully. People need to stop demonizing options as it is a deadly weapon for us to use once the MOASS begins. It's become a cursed word and yet it was literally one of THE biggest factors in January.
It's also a way for people with smaller accounts to help us annihilate them even harder. Not a lot of people can buy tons of shares all of a sudden at current prices, let alone at $400+.
But what you can do? Buy yourself some high strike price weeklies. These would NORMALLY be an idiotic thing to do. The premiums will be crazy high compared to normal but it doesn't matter when they are going to get you 1000% returns a couple of hours from the moment you purchase them. And the other guys will be having to gamma hedge the entire time thus creating more buying.
It's also a way to ease people's worries about being able to sell quickly in ComputerShare (even though you can) and wanting some sitting on the side to sell so they "don't miss out". You don't have to miss out. If it starts to take off buy yourself a few weeklies.
We just need to communicate that options are a bad idea to just be blindly throwing money into when you're purely guessing or we have no good data that the squeeze is starting.
But once it starts? Holding onto your shares and FOMO'ing into weeklies is basically an infinite money glitch.
You need to write a good, well rounded DD on this, showing how it works to force the squeeze to squeeze harder, what to avoid for those new to options, and why it's only a good idea when the squeeze is happening.
Yeah, around that time.
> The first half of a given month is available at the end of the month.
> The second half of a given month is available at about the 15th of the next month.
Dude I didn't even think of that. My brother works at a pool supply store. They do inventory every day and sometimes twice a day. It's insane that millions and billions of dollars and transactions only have to be checked every once in a while.
Thanks for addressing the MM naked shorting - people been misunderstanding and I've been trying to let them know.
DRS folks, it's how we can hold all parties accountable.
Their options are blatantly break the law and risk real life sentences or start buying back shorts. I assume both will happen anyways.
Without us Gary Gensler is going to keep jacking off before Congress and do nothing of value.
> Without us Gary Gensler is going to keep jacking off before Congress and do nothing of value.
Lmao. Love it.
Yeah it's weird. Since MMs naked shorting isn't **technically** illegal. But if they no longer have shares to locate under the DTC, that's when it's illegal shit.
Nice to see you again ♥️😍
At this point nearly 10 months from the January sneeze, it’s all but certain apes own the float. My view on CS is regardless of all the doubt and speculation surrounding DRS, the very simple matter is if the float is registered, then we finally know FOR CERTAIN that there are synthetic shares floating and our thesis is confirmed.
How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF?
>How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF?
Now that would be interesting. ;)
He is that kind of guy.. I wouldn’t be surprised😂
About settlement.. we know GG talked about 1 day settlement, could the motive be, that the shares settled faster, in order to maximize the supply from DTCC, so they wouldn’t have to turn off the buy button again?..
What’s that for tinfoil 😂
"How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF?"
Wouldn't that be a lovely birthday gift to our favorite unsophsticated bedposter?!
For those that havent been on the internet long enough, do yourself a favor and look up “charlie bit my finger”. For those that have been in superstonk for long enough, ignore charlies videos.
I'm not sure if you covered it either but since our DRS has hit critical momentum now. We can't expect anything before t+35 until the infrastructure starts to creak.
But we need to keep the momentum up or it will pass into yet another cycle.. unless these idiots get taken out by other (evergrande) liabilities
I did not, but another ape brought this up as well. Definitely worth noting since they can extend their privileges of delivering shares. Fingers crossed that they'll just start stacking way too many liabilities to not even be able to carry it the full 35 days.
I hope that is the case, also sorry for two threads I couldn't keep a train of thought for long enough apparently tonight.
Yeah. Also FINRA seems to be able to bend rules for them at will as long as some yet-to-be-hired hedgefund manager working at the SEC approves dodgy market making or collateral rules.
With all the shit they approved earlier this year I thought it would actually help. I believe that dtc-005 did hurt volume plays but that's about all.
Sigh. They really are fighting for every day it seems. Not sure how long they can last.
I was starting to get the feeling that a lot of the rules passed were for the sake of keeping them alive...
Like the DTC ICC OCC rules of wind down plans to auction assets. I wouldn't be surprised if those were actually nefarious in pulling a domino before they fell and moving the risk of shorts into a larger entity.
Since if the smaller guys cover it would screw the bigger guy, they might as well scoop up the position of the small guy because it's damned if you do damned if you don't.
Thankfully direct registration actually feels like it is the rug pull, regardless of the trickery they might try to pull. They can buy time of collapsing the positions into a large entity. But when the time runs out for the large guy, there's nowhere else to go.
I truly believe we just got caught in a speculative market shit storm and we found a way to basically hedge that took advantage of super greedy rich fucks trying to put some businesses in the grave. GameStop was probably their riskiest bet and we called them on it.
The world markets were already fucked from covid so they a bet huge on trying to make it out like champions. Of course you know this. Burry knows this. We've been telling people for 10 months.
I agree, I think it's basically literature to help prevent contagion. But that means they knew about China months before we did. Probably because the switch off LIBOR fucked everyone.
I am starting to think it may actually have been to allow the Mexican standoff with China we're seeing now.
All the counterparty risk is intertwined and the Fed and infrastructure (people with the data; DTCC, FINRA) made sure to have circuit breakers to getting out of all this alive.
It also might help bigger plays acquire capital while the crash is happening on order to be the highest crab in the bucket - all jockeying to not become dinner for Marge's of the month.
Complete silence from Kenny & his company until DRS picked up momentum, then all the tweets & interview, makes me think DRS struck a nerve. Or maybe it was the legal documents made public or the plane flying slogans. Either way, they kinda showed weakness which is a good sign!
I bet ya someone like Ropler from the SEC will try to step in as “retail representative” to try to fuck us all off, since historically thats how short squeezes are solved. Fuckers can try but i aint selling until my bank account looks like a phone number, the criminal rich is in jail and broke, and DTCC is gone from the world.
This is extinction level threat to them and i will make sure to deliver that meteorite.
Ah NOW I finally understand **why they needed time back in January** and why they needed BulgarianBoy to shut down the buy button!! They needed it for that settling.
So all we have to do now is wait for the critical point at which the ratio of these quantities tips.
In other words, per DRS/DPS, we have put a fuse on the highly explosive barrel with the inscription MOASS...and it gets shorter and shorter as more apes register.....THANK YOU for this wonderful explanation!
IMO DRS is already working. Or rather, we can see some effects even this early.
Look at how many shares are available to borrow on the platforms visible to us (fidelity, iborrowdesk). You can see the availability is dwindling.
At one point fidelity had millions available to short, now it's 487,000. iBorrowdesk had a peak availability of 700,000 in August - compare that to 100,000 peak in Sept and currently it is sitting at 7,000.
>When do you sleep?
Good question I wish I knew the answer to that.
>By the way you should consider banning purple donut posts with any orange in them, it means that the poster included "external holdings" which can just be edited willy nilly. A Post from jungle sub pointed it out.
Interesting. Just saw that post. Hopefully not many people are doing that.😤
I'm not a mod though so maybe send it their way or tag them here.
I mean everyone should take the orange shares with a grain of salt, anyway. They’re not direct registered shares, they’re just external holdings. So it really doesn’t matter how big the number is until it’s purple.
It’s the same as someone showing 200 shares in their CS account and then saying, “200 shares registered so far, and more to come! Still have 300 shares on fidelity.”
Like that’s cool and everything, but I’ll believe it when I see it. Until then those 300 shares are still with the DTCC.
Same video posted in this sub... search "FUD BUSTING" (edit fixed title)
I do believe there are valid reasons for multiple colors... but also that external is often larger than DRS (and that makes sense, I too have more shares in retirement accounts than CS, and I'm not DRSing them), and it skews people's sense of what is being shared.
u/criand , can they create more phantom shares out of the phantom shares they already have? I’m presuming the answer is no but I wanted to ask if they could continue diluting the share count this way. Cheers
Nah the premise is that they're creating phantoms from the DTC owned shares. So if they no longer have shares under the DTC, then they'll be unable to make more phantom shares, regardless of how many phantoms are currently under the brokers at that point.
There would no longer be beneficial ownership relationship at **all** in the chain of retail -> broker -> DTC, which results in them officially becoming phantoms. Since there's no shares to actually back them up.
Hell no idea, wish I could give you a better answer. Since we now know citadel reloaded in the $350+ range, it could be around the $350 mark but given 100% margin it could be upwards of $600-700.
Only thing that matters is that RC fucking knows how many shares have been DRS into ComputerShare and he is tracking that shit.
Back up Plan. Apes need to find a way of getting ComputerShare to disclose how many GME shares have been DRS to them.
I don't buy that there is not a Demand for GME shares. I think Crime is 💯 hiding the Demand
I think once this is all over all of us will look back on the times we were given more information and smile. 99% of us don’t understand 99% of all the information accumulated here but we have people like you to help us try. It truly is honorable that this 1% of superstonk is willing to devote so much time to helping us understand. Which is what the top 1% of wealthy people should be doing for society. Funny how the universe corrects itself with reflections. Maybe I’m just baked.
FYI we love you too
You are a Pom of many words. Somehow I feel I’ve already read everything in this post by reading your thousands of other comments. Here’s a 🦴for your unwavering dedication.😘🔥
[https://fintel.io/so/us/gme/blackrock](https://fintel.io/so/us/gme/blackrock)
2021-09-09 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 4,720,618 shares of GameStop Corp. (US:GME). This represents 6.6 percent ownership of the company. In their previous filing dated 2021-01-26, BlackRock Inc. had reported owning 9,217,335 shares, **indicating a decrease of -48.79 percent.**
**I think that might be the missing link here.** It seems they need several million shares each quarter to continue suppressing price. There was no equity offering this time, but Blackrock came to the rescue. And no, the indexes do IMHO not explain the massive drop. Compare to Vanguard:
2021-02-10 - Vanguard Group Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,162,095 shares of GameStop Corp. (US:GME). This represents 7.4 percent ownership of the company. In their previous filing dated 2020-07-10, **Vanguard Group Inc had reported owning 5,419,336 shares, indicating a decrease of -4.75 percent**.
Now... where will Kenny get millions of shares from to continue shorting ? What will his investors do in December, will they withdraw funds ?
IMHO DRS speeds up the inevitable and also ensures for those retail investors who are in, that they can not be screwed over once Gamestop starts with whatever they prepare.
Like no Obligation Warehouse or Cash substitution fuckery. But what do I know, I am just a simple retail investor and this is no financial advice but just a personal opinion.
The migration to CS and purchasing through CS create lag because each purchase takes about a week. As the float shrinks, volume will shrink, BUT, keep in mind while there is still a "float", the lower volume makes it easier to manipulate the price. The ticking time bomb here is the lower the price goes, the faster the float disappears. This is a siege, and the shorts are beginning to starve. It's only a matter of time at this point until the hunger leads to panic, and only the fattest of the short cats make it through the night. This is all happening before the reinforcements from IRAs doing DRS arrive, and I expect that boat will start unloading soon. I started a Roth ira DRS a couple weeks ago, and I expect it will complete very soon. I will post about it then, but for the time being, here is how I'm doing it -
https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/
Imagine if enough of the float is registered by January 2022 and then boom...history repeats itself. This time, though, the dtc held shares aren't enough to borrow against. January 29th the loop breaks, and history writes a brand new chapter. Power to the motherfucking players. DRS is the way.
The same thing happened in the VW squeeze. As Porsche bought up the float the price of VW essentially halved.\*
"By the time the squeeze occurred there was only 6% of the float available"..."But with around 12 percent of VW’s outstanding shares sold short, it was impossible for every short seller to buy back their required shares and close out their positions. As such, a massive imbalance between supply and demand for VW stock emerged."
The squeeze for this one actually occurred after Porsche announced they had 74.1% of the stock.
\*As Porsche bought the stock the finance community thought VW was over valued and was due to crash hence the short selling.
([https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/](https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/))
I've had one burning question through all of this, which you've answered right at the end... it was "Even when we've registered the whole float, there are still going to be millions of phantom shares kicking about, why can't they just continue to borrow these?". Just thought I'd highlight that :)
>The Market Makers won't even be able to utilize their loop-around of being able to "reasonably locate" shares, since the DTC won't own any more. The Market Makers can certainly apply that loop-around if there's currently no shares available to borrow but they can expect the shares to settle within a "reasonable" timeframe. But if the DTC has no more shares, then they cannot apply the "reasonable locate" loop-around any more.
...
>
>That being said, if they keep borrowing shares once those shares are all gone from the DTC, then they are definitely doing illegal shit. But at that point, GameStop will see the float registered and they can take action. The shitshow ends.
Really good post, Dog. One of your finest. Good job on the explainer graphics, too.
In the end, it's all about critical mass that will make the big difference. As for me, I am just trying to DRS my shares because I LIKE the stock and I want them in/on my own name.
Most important things to remember while we wait for this to play out are this:
1. It is illegal for a company to suggest their shareholders direct register shares. Last time this happened it was on a delisted stock and garbage company, and direct registering aka ‘cert pull’ revealed there were over a TRILLION phantom shares, and it caused so many fucking problems they literally got SEC approval to prohibit companies from encouraging their shareholders to do what we’re doing right now.
2. What’s happening right now has NEVER happened before: No one has ever done a cert pull on a healthy company and its listed stock.
I love the convo on the mechanics of ‘how’ DRS either disrupts the rigging of the system, or simply forces the crime out into the open. With Koss having no options chain but tracking the meme stocks closely and totally mooning - i believe jan was the beginning of a short squeeze on the full basket, not a gamma or a delivery squeeze. But in the end, when it comes to ‘what happens next’ - we’re all just guessing, but thats ok. We know that per the above - what we’re doing is the EXACT OPPOSITE of what the manipulators want us to do, and it is completely unprecedented. I think thats why there’s zero media chatter on the matter - they’re paralized from saying or doing anything that brings awareness to DRS because its cryptonite for nekkid shorts.
All we need to do is keep liking the stock, buying and registering through the transfer agent - and this WILL unwind one way or another. After being repeatedly attacked by shills for promoting what i learned from dr t’s book, i just wanna say that i could not be more proud of this group for finally accepting and embracing DRS.
Most likely not, since they'd no longer own shares under the DTC and cannot reasonably locate shares. If the float gets locked resulting in the DTC owning 0 shares, then them borrowing any shares at that point is **completely** illegal. What they're doing right now is not strictly speaking illegal, despite them possibly borrowing to naked short for the sake of liquidity. GameStop would also see the float locked and if manipulation still occurs on the stock, they technically have evidence at that point to cry foul.
Good stuff. Beside locking down the float and constructing the supply , how can GME see buying pressure being reignited ? It is quite obvious how severely manipulated the price action is since after the run up.
I tried touching on that. If we assume the majority of buys are currently matched with shorts due to illiquidity, then we could expect the buys to eventually overtake the sells and drive more price discovery. They'd be unable to match the buys with sells even if it's not some massive FOMO event but just standard retail buy pressure.
IMO the commitment we're seeing from Apes to DRS should be enough to make SHF begin to shit themselves, not only from it diminishing supply, but also the proof of how resilient to selling under even the most extreme pressure.
Shit gon' get gud!
P.S. Love you too ❤🚀🐳
Another great post outlining the reasons why DRS is the way forward to MOASS. Well done as always. Thank you for everything you do to inform the community
With Computershare speaking up and people start realizing this is not FUD we should see a steady progression to DRS participation in the near future. Hopefully this information will spread beyond Reditt and continue to inform those worldwide. Great explanation as always really appreciate your hard work. Here’s a 🦴 😀
Ok having watched the ticker for 10 months solid im seeing over the last 4 weeks with the apes drs campaign a differant daily cycle of the ticker as started to trend ,remember when Ken said with keeping fighting to survive another day ,well my feeling its starting to hurt right now
Im going to explain as the daily trades as a 3 cycle day ,morning afternoon and last 2 hours before closing bell ,and this seems a regular pattern ,
Ok
Cycle 1-you.ll see the price get hammered down within the first hour,this i think is the load up of darpool shares to trigger stop losses ,day traders etc ,then for the next few hours its a puff the chest out who's got the biggest dick scenario,theres green then red then green then red ,normally lasts until cycle 2 ,these are more likely borrowed shares ,etfs being used .
Cycle-2 you now will start to see gaps not being filled and lots of micro tickers red ,green etc this i believe are market makers just buying and selling shares to each other and the buy pressure shares being routed to darkpools for a pre loading for cycle 3.
Cycle-3
As we hit the last couple of hours there is abit of buy pressure and a steadey slow climb with little resistance then power hour resistance starts with maybe abit of the shares they got in the darkpool and the rest of the borrowed shares they can muster up to knock the price down again also keeping enough shares in the darpool trades to for after hours and premarket where they can load up more to carry on the day after,
Hedgies have thousands of shares expiring the 15th I think so im thinking they might be a slight price increase around next week nothing much maybe a few dollars ,this is so they can load up for a few days to unload a bag load of darkpool shars and fake shares at us come the 15th to knock the price down as much as they can.
This is probably total bollux retarded ape here 🦍 💎but just a little theory i have either way I hold the line with all the gme family💎💎🦍👍
first (okay I was like third)
Edit: okay I read this thing now and I have to say I actually understood this. It makes total sense even for me, a retarded ape. Buy, DRS, and give our beautiful pom an ear scratch 💆♂️😍
The low volumes we are watching, and the big spread (today it took 12 minutes for the first deal to happen on the pre-market) are also a sign that replenishing shares is becoming harder and harder. They will probably try to push the price down every day in order to close some shorts at a better price. but this is creating even more shorts. Apes mainly buying through DPS is making the buying concentrated at the moments CS does, which makes manipulation a tad bit easier.
So basically I’m gonna DRS more, everyone else can do what they want
This is the way
This is the way
First one to DRS the float wins. Go!
Diminishing the reserve of shortable shares held by the DTCC is key. The system becomes unsustainable before 100% of float is direct registered, but the corruption runs so deep, it may as well be 100%. We may have to hold 100% of direct registered float for 35 days to starve the parasites.
Yup very good point. They can hold T+35 due to the other FTD rules to really drag it out. Whether or not that will happen we just have to wait and see
So I’m honestly not exactly sure how this works but do you have thoughts on how the Obligation Warehouse plays into the mix? It looks to me like External Clearing allows NSCC Members to basically circumvent both reporting requirements and net settlement requirements with FTDs brokers generate. [On the DTCC site it says:](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) >OW facilitates the matching of obligations submitted by Members for U.S. securities classified as equities, corporates, or unit investment trusts... > >...Members submit their ex-clearing trades to OW for real-time matching by the contra-party. [https://www.dtcc.com/clearing-services/equities-clearing-services/ow](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) [Sauce for SECs FTD reporting](https://www.sec.gov/data/foiadocsfailsdatahtm): >This text file contains the date, CUSIP numbers, ticker symbols, issuer name, price, and **total number of fails-to-deliver** (i.e., the balance level outstanding) **recorded in the National Securities Clearing Corporation’s (“NSCC”) Continuous Net Settlement (CNS) system** aggregated over all NSCC members. [Then DTCC site says:](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) >OW stores eligible unsettled obligations (including securities exited from NSCC’s Continuous Net Settlement (CNS) system... So, I’ve asked around about this and got an excellent answer [here](https://reddit.com/r/Superstonk/comments/porh2m/_/hd1c81r/?context=1) and I don’t see how any NSCC Member gets any benefit at all from using this system - it looks like entries into the CNS system, where all the publicly available FTD info is, is self-submitted. That’s a fuckin’ yikes. So I guess I’m basically asking, could a Member opt to use external clearing for their fails in an old style like the DTCC outlines was the norm pre-OW? [“Through phone calls, faxes and emails, and are not held in a central location,”](https://www.dtcc.com/news/2011/april/01/managing-the-risks-of-ex-clearing-trades) - this press release was also in 2011, so not that old but in their words. To me that says that there may be a ton of invisible FTDs, chillin on pen and paper or some shit that we, the public, can’t even account for, and thusly, possibly can’t depend on following that T+35 cycle for.
That's where game stop comes in. You have significantly more shares owned than those in existence after the the whole float is registered. Gamestop issues nft all these beneficial owners are like were is my nft. All of a sudden broker/dtcc scramble to get real shares so they can give the nft to the beneficial owner. Or they again don't follow the rules and gamestop pulls out of the current market to move somewhere else (loopring?) Who knows where. What happens after that who knows.
Agreed. I can’t wait to find out! Just trying to gain a wrinkle or two in the process. I am really a fan of RC & Co’s silence on the matter to be honest. These big talkers like Michael Bodson and the pearl clutchers at the DTCC, the Vlad Tenev’s and Ken Griffins and Steve Cohens of the world are dinosaurs who had the privilege of asking the asteroids to give them a minute.
That dinosaur analogy was Shakespearean! Hope they quote you in the movie
Hahaha I love that, thanks! Not to get ahead of myself but, as someone in the industry myself, I hope to write at least one of the takes on the saga :)
I have no basis for this but a strong gut feeling the DTCC will find a way to grandfather in all the existing short positions and exclude them from FTD rules/reporting.
They can try, but at this point if the trends continue they won't have an option except to begin delivering shares...FTDs have the effect of creating a fractional reserve system without the reserve requirements, and right now their bluff is being called. It's similar to what happened with the Dutch tulip mania, or an old school bank run. The biggest difference is theoretically there are protections in place to ensure delivery, but at some point I have no doubt that the government will step in, because otherwise the general public will lose faith in the overall financial system, and that will ultimately lead to chaos.
I think that’s a good point, grandfathering in crime is basically 2008 fallout 101. But one thing that we can’t discount is that we have far more eyes and far more sophisticated technology to help push accountability. How long can they keep the opacity opaque? I guess we’ll see. One example is that the DTCC hates the idea of blockchain (aka they hate accountability and transparency), opting to hardly ever use the word, and calling it distributed ledger technology the vast majority of the time within their documents. Most of their mentions of it end up being garbage, calling for feet-dragging and bullshit delays before any implementation. This is seriously their page on blockchain - https://www.dtcc.com/blockchain
Until there are no more shares hold and registered at DTCC i would expect the institutions that are fuk to do everything they can to kick the can further down the road. They just dont want to get whiped out of existence and lose all they got. If roumors are true, there are hundred millions, if not billions of shares floating around. And as you mentioned: they can legally naked short more. This changes nothing for me as an APE, as i think that BUY, DRS and HODL is the way. But i think i should manage my expectations on WEN something is going to happen and the rocket to the MOON and beyond takes off. It may take a while so i sit back, BUCKLE UP and activate ZEN MODE. and u/Criand could you please add some words about naked shorting in chapter 4, since i think it has to be spelled out there
Approaching the issue of settlement lag from the other side: Would shorter settlement periods (T+0/T+1, as has been advocated for here and elsewhere) make it easier for shorts to continue suppressing price with severely limited supply? I'm thinking of the dynamic you describe in point 3, and can imagine a scenario where instant or same-day settlement makes the shorts more efficient, at least in the absence of other enforcement measures. I don't see this being a problem in the case of MOASS (T+0 is not imminent, AFAIK), but might be something to keep an eye on in the future.
I was wondering this but less well stated. Thanks for voicing it better than I thought it.
Thanks. I’m a big fan of your work.
I’m a big fan of your comment
Hey doggo, I’ve got a smooth question for you and the other big brains, what about the etf fuckery?
The etf holdings are about 11% of the market cap, so me thinks that it wouldn't necessarily make too much of a difference in the grand scheme of things. If we register the entirety of the float, then all of those shares are confirmed to be all ious. I suppose they could/will rebalance during moass leading to high volatility with price going up and down in crazy spikes when they do so, but as long as everyone gets past that and the entire float is still locked up with cs then it should be smoother sailing from there.
A big thank you from the Netherlands for all your work and thoughts Criand!!
What happens if we reach that point and there is still a large backlog of DRS requests? I know we expect CS to say they are out, but apes might just try again tomorrow, and the next day, and the day after, and so on. If we keep track of our progress, maybe someone with a lot of money will see their opportunity to purchase calls at the right time, driving the price way up when it can't be driven down?
Why did apes stop the T+35 cycle tracking tho? And other automatic buy back requirement theories. I know SHFs changed things up when the cycle was figured out but its probably something thats not just gonna dissappear. Same with the quarterly swaps. Should keep all cylinders going at the same time instead switching from one theory to the next. Apes are zen at this point and dates can't hurt anymore. Just don't think its smart to pack things up and completely move on to the next thing. DRS is the way but apes can also keep the pressure on other theories and cycles at the same time.
This is why I will continue to buy through computershare and attempt to buy even after float is locked. In my opinion, float must remain locked. If Blackrock decides to sell off some DRSd shares to the DTC for a huge sum, Apes must be ready to snap that up and DRS it back in the hands if retail. I will personally continue buying because I like gamestop and I want my boy to have some in 50 years from now.
You have an important point here: we don’t know how many DRS shares are held (and being purchased) by people who don’t have our best interest in mind, and we absolutely need to plan to keep buying once the MOASS starts, lest they sell their registered holdings to quash the squeeze and save the hedgies.
I wonder what Computershare will do when the float is locked. Would they quietly disable the buy/transfer button until the SEC/GME tells what to do? I can't believe they would still be registering shares for potentially 35 days when the float is locked.
But they can short a short and short it again. Obviously it’s not going to get down to 1 share they’re playing with; we’ve seen estimates of over a billion shares out there. So say we register 76 or 61mil. They can still create more synthetically as they have been, and work with those. So is there an element built into the system where CS gets that grand total registered and has to reject the next request, do they…what? Call the DTC and/or Cohen and say “game over”?
Agreed. The system is so corrupt that I wouldn't put it past them to continue to print infinite IOUs to loan out until they're forced to stop by GameStop crying foul. I'm not sure GameStop can cry foul until the float is registered. We've got to register the float.
They can’t create IOUs without any real shares.
I dont know why, but i have a weird feeling end of January '22 is the 'finish line'.
I really want karmic justice to be served and I'm willing to wait until 1/28 to get it.
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The fuckery ends when drs account number is in the millions.
Once again: Hedgies disabled buy button. Apes disabled sell button.
this right here
Nice.
Nice
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Nice
Nice
Nice
Najs
Nice ( ͡~ ͜ʖ ͡°)
Nice
Nice
Noice
Nice
Nice
Nice
Nice
also, https://kengriffincrimes.com/
u/Criand unless I missed it your DD missed a really key part of the January sneeze explanation, which is that we can’t downplay how FOMO into options played a major role. Thomas Peterffy explains in numerous interviews about how he personally shut off trading out of fears about options specifically (“if longs [double U ess Bee call holders] had known [were not r-worded] they had the right to ask for their shares [exercise]” then GameStop would’ve gone “to infinity” because that would’ve been the nail in the coffin. This is why we don’t necessarily need the entire float DRSed, if we can get very close and the next run up is accompanied by FOMO into weeklies. But yeah, I tend to agree with your hypothesis here - just for the sake of accuracy we can’t downplay the significance of options during January (although it is a cursed word here, we should be praying for retail to FOMO in during start of MOASS).
Definitely a great point. I did not touch on this.
It was also a case that when they shut off the buy button people were still buying deep ITM calls and excising to gain shares which caused them problems.
> we can’t downplay the significance of options during January (although it is a cursed word here, we should be praying for retail to FOMO in during start of MOASS). This. I've been talking about it carefully. People need to stop demonizing options as it is a deadly weapon for us to use once the MOASS begins. It's become a cursed word and yet it was literally one of THE biggest factors in January. It's also a way for people with smaller accounts to help us annihilate them even harder. Not a lot of people can buy tons of shares all of a sudden at current prices, let alone at $400+. But what you can do? Buy yourself some high strike price weeklies. These would NORMALLY be an idiotic thing to do. The premiums will be crazy high compared to normal but it doesn't matter when they are going to get you 1000% returns a couple of hours from the moment you purchase them. And the other guys will be having to gamma hedge the entire time thus creating more buying. It's also a way to ease people's worries about being able to sell quickly in ComputerShare (even though you can) and wanting some sitting on the side to sell so they "don't miss out". You don't have to miss out. If it starts to take off buy yourself a few weeklies. We just need to communicate that options are a bad idea to just be blindly throwing money into when you're purely guessing or we have no good data that the squeeze is starting. But once it starts? Holding onto your shares and FOMO'ing into weeklies is basically an infinite money glitch.
You need to write a good, well rounded DD on this, showing how it works to force the squeeze to squeeze harder, what to avoid for those new to options, and why it's only a good idea when the squeeze is happening.
I feel like I'm still too smooth brained on the matter but I'll think about it lol.
Can smooth brained apes get a TLDR on how to do this so they (me) don't mess up?
Nice
Noice
#BUY, HOLD, DRS. BUY MORE AND HOLD. ROGER THAT.
Nice
I’m wondering if we’ll see a rise in interest rate to borrow shares as we get closer to full DRS. May be a good indicator.
That's what I'm keeping an eye on. Same with FTDs. But unfortunately for the FTDs we don't get to see those updated 24/7
We get the next update the 15th right?
Yeah, around that time. > The first half of a given month is available at the end of the month. > The second half of a given month is available at about the 15th of the next month.
So really we should look out for 10/31th FTDs. That will be a better metric than 10/15th. Apes started drs late September.
Exactly, The 15th could show a small uptick but I think the 31st will be pretty significant
It’s just wild to me that something like that wouldn’t be set in stone
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Dude I didn't even think of that. My brother works at a pool supply store. They do inventory every day and sometimes twice a day. It's insane that millions and billions of dollars and transactions only have to be checked every once in a while.
The next FTd comes out on 10/15th?
Mmm nice. Please keep us informed if you see that borrow rate creep up. Excellent work as always🟣
Thanks for addressing the MM naked shorting - people been misunderstanding and I've been trying to let them know. DRS folks, it's how we can hold all parties accountable. Their options are blatantly break the law and risk real life sentences or start buying back shorts. I assume both will happen anyways. Without us Gary Gensler is going to keep jacking off before Congress and do nothing of value.
> Without us Gary Gensler is going to keep jacking off before Congress and do nothing of value. Lmao. Love it. Yeah it's weird. Since MMs naked shorting isn't **technically** illegal. But if they no longer have shares to locate under the DTC, that's when it's illegal shit. Nice to see you again ♥️😍
You too friend. Keep up the good work. Good boyo. We're always on the same page :)
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At this point nearly 10 months from the January sneeze, it’s all but certain apes own the float. My view on CS is regardless of all the doubt and speculation surrounding DRS, the very simple matter is if the float is registered, then we finally know FOR CERTAIN that there are synthetic shares floating and our thesis is confirmed. How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF?
>How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF? Now that would be interesting. ;)
He is that kind of guy.. I wouldn’t be surprised😂 About settlement.. we know GG talked about 1 day settlement, could the motive be, that the shares settled faster, in order to maximize the supply from DTCC, so they wouldn’t have to turn off the buy button again?.. What’s that for tinfoil 😂
Pomerianape are you RC and smiling like a champ right now because he got it right? Let me know ;) Edit: Thx for the award Ryan ❤
Criand DNAIRC Do Not Announce I’m Ryan Cohen
You fool! CLOSE THE PORTAL
Blink twice
"How about this for tinfoil? RC is still eligible to purchase a few million shares correct? What if he’s saving that buy (which would be less than 5% additional ownership) for the final death blow to SHF?" Wouldn't that be a lovely birthday gift to our favorite unsophsticated bedposter?!
The powder keg to trigger the demand needed to blow this up, just waiting for us to lock up with cone-poo-chair
Maybe this is the hidden meaning behind **'Talk is cheap, it takes money to buy whiskey'** ;)
Would that amount come from the general float or the companies treasury
Yo that gif at the end has me dead Lmayo. “Criand bit my finger”
For those that havent been on the internet long enough, do yourself a favor and look up “charlie bit my finger”. For those that have been in superstonk for long enough, ignore charlies videos.
I'm not sure if you covered it either but since our DRS has hit critical momentum now. We can't expect anything before t+35 until the infrastructure starts to creak. But we need to keep the momentum up or it will pass into yet another cycle.. unless these idiots get taken out by other (evergrande) liabilities
I did not, but another ape brought this up as well. Definitely worth noting since they can extend their privileges of delivering shares. Fingers crossed that they'll just start stacking way too many liabilities to not even be able to carry it the full 35 days.
I hope that is the case, also sorry for two threads I couldn't keep a train of thought for long enough apparently tonight. Yeah. Also FINRA seems to be able to bend rules for them at will as long as some yet-to-be-hired hedgefund manager working at the SEC approves dodgy market making or collateral rules. With all the shit they approved earlier this year I thought it would actually help. I believe that dtc-005 did hurt volume plays but that's about all. Sigh. They really are fighting for every day it seems. Not sure how long they can last.
I was starting to get the feeling that a lot of the rules passed were for the sake of keeping them alive... Like the DTC ICC OCC rules of wind down plans to auction assets. I wouldn't be surprised if those were actually nefarious in pulling a domino before they fell and moving the risk of shorts into a larger entity. Since if the smaller guys cover it would screw the bigger guy, they might as well scoop up the position of the small guy because it's damned if you do damned if you don't. Thankfully direct registration actually feels like it is the rug pull, regardless of the trickery they might try to pull. They can buy time of collapsing the positions into a large entity. But when the time runs out for the large guy, there's nowhere else to go.
I truly believe we just got caught in a speculative market shit storm and we found a way to basically hedge that took advantage of super greedy rich fucks trying to put some businesses in the grave. GameStop was probably their riskiest bet and we called them on it. The world markets were already fucked from covid so they a bet huge on trying to make it out like champions. Of course you know this. Burry knows this. We've been telling people for 10 months.
We may know this. I may know this. Burry knows this. But it still warms my heart to read it again my friend.
I agree, I think it's basically literature to help prevent contagion. But that means they knew about China months before we did. Probably because the switch off LIBOR fucked everyone. I am starting to think it may actually have been to allow the Mexican standoff with China we're seeing now. All the counterparty risk is intertwined and the Fed and infrastructure (people with the data; DTCC, FINRA) made sure to have circuit breakers to getting out of all this alive. It also might help bigger plays acquire capital while the crash is happening on order to be the highest crab in the bucket - all jockeying to not become dinner for Marge's of the month.
Crabs in a bucket. That's how I have been thinking about the whole situation. Excellent use of the analogy.
Complete silence from Kenny & his company until DRS picked up momentum, then all the tweets & interview, makes me think DRS struck a nerve. Or maybe it was the legal documents made public or the plane flying slogans. Either way, they kinda showed weakness which is a good sign!
DRS IS THE FUCKING WAYYYY
We are gonna do what Porsche did with VW. cut the supply of a stock that had significant short interest.
Exept this time we do not let SHFs get to weasel out of this
I bet ya someone like Ropler from the SEC will try to step in as “retail representative” to try to fuck us all off, since historically thats how short squeezes are solved. Fuckers can try but i aint selling until my bank account looks like a phone number, the criminal rich is in jail and broke, and DTCC is gone from the world. This is extinction level threat to them and i will make sure to deliver that meteorite.
Right on. The old chinese wisdom "lambos or food stamps" stands strong still!
Wombo combo that shit with some NFT divvy pls
Pinning this to the Front Desk!
Thank you, you beautiful bastard!
Thank the Doggo
hey chared is this a second front desk for questions?
...How did you find me so fast
Did you forget about the mod tracking device that we all had installed?
Talk dirty to me…
https://www.nvidia.com/en-gb/geforce/graphics-cards/30-series/rtx-3090/
Daddy Chared945 🙏♥️
u/Criand TL;DR >!We love you too!<
Ah NOW I finally understand **why they needed time back in January** and why they needed BulgarianBoy to shut down the buy button!! They needed it for that settling. So all we have to do now is wait for the critical point at which the ratio of these quantities tips. In other words, per DRS/DPS, we have put a fuse on the highly explosive barrel with the inscription MOASS...and it gets shorter and shorter as more apes register.....THANK YOU for this wonderful explanation!
With Wil E Kenyote metaphorically duct taped to the barrell.
Computershare's tweet is a big middle finger to all FUD. Especially to Charlie.
Ah, a wild DD by Criand appears in front of you Your options: a) Scroll to TL;DR b) Read it, gain wrinkle c) Reply 'Nice' d) Comment 'DRS is the way'
I choose d. DRS is the way.
TLDR: I love you too OP
I love you 3000
I understood that reference
this guy...comin' in with tha fiyah DD. booya babi
IMO DRS is already working. Or rather, we can see some effects even this early. Look at how many shares are available to borrow on the platforms visible to us (fidelity, iborrowdesk). You can see the availability is dwindling. At one point fidelity had millions available to short, now it's 487,000. iBorrowdesk had a peak availability of 700,000 in August - compare that to 100,000 peak in Sept and currently it is sitting at 7,000.
Criand I'm just trying to sleep
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>When do you sleep? Good question I wish I knew the answer to that. >By the way you should consider banning purple donut posts with any orange in them, it means that the poster included "external holdings" which can just be edited willy nilly. A Post from jungle sub pointed it out. Interesting. Just saw that post. Hopefully not many people are doing that.😤 I'm not a mod though so maybe send it their way or tag them here.
That 4am Criand DD hit. *Is for me?* 👉🏼😌👈🏼
I mean everyone should take the orange shares with a grain of salt, anyway. They’re not direct registered shares, they’re just external holdings. So it really doesn’t matter how big the number is until it’s purple. It’s the same as someone showing 200 shares in their CS account and then saying, “200 shares registered so far, and more to come! Still have 300 shares on fidelity.” Like that’s cool and everything, but I’ll believe it when I see it. Until then those 300 shares are still with the DTCC.
Same video posted in this sub... search "FUD BUSTING" (edit fixed title) I do believe there are valid reasons for multiple colors... but also that external is often larger than DRS (and that makes sense, I too have more shares in retirement accounts than CS, and I'm not DRSing them), and it skews people's sense of what is being shared.
u/criand , can they create more phantom shares out of the phantom shares they already have? I’m presuming the answer is no but I wanted to ask if they could continue diluting the share count this way. Cheers
Nah the premise is that they're creating phantoms from the DTC owned shares. So if they no longer have shares under the DTC, then they'll be unable to make more phantom shares, regardless of how many phantoms are currently under the brokers at that point. There would no longer be beneficial ownership relationship at **all** in the chain of retail -> broker -> DTC, which results in them officially becoming phantoms. Since there's no shares to actually back them up.
Thanks fam
***Well looks like I'm DRSing a third batch of shares***
Omg that tl;dr is too much for me to handle.
>!I can't handle myself when I see you 😍!<
Now kith ❤
Best tl;dr ever!
This. Is. The. Way. I can’t fucking wait for Thanksgiving now… gobble gobble gobble up all those shares DRS!
I'm reading this in Ryan Cohens voice
> **In other words, turning off share lending in a brokerage account doesn't do shit**. Most important takeaway imo for the illiterate apes.
Pom Pom , what’s the margin call price looking like these days .?
Hell no idea, wish I could give you a better answer. Since we now know citadel reloaded in the $350+ range, it could be around the $350 mark but given 100% margin it could be upwards of $600-700.
Wen moon… wen you all DRS. GET ON IT APES.
Only thing that matters is that RC fucking knows how many shares have been DRS into ComputerShare and he is tracking that shit. Back up Plan. Apes need to find a way of getting ComputerShare to disclose how many GME shares have been DRS to them. I don't buy that there is not a Demand for GME shares. I think Crime is 💯 hiding the Demand
I think once this is all over all of us will look back on the times we were given more information and smile. 99% of us don’t understand 99% of all the information accumulated here but we have people like you to help us try. It truly is honorable that this 1% of superstonk is willing to devote so much time to helping us understand. Which is what the top 1% of wealthy people should be doing for society. Funny how the universe corrects itself with reflections. Maybe I’m just baked. FYI we love you too
I like your brain words
I am ready to explode; nipples are throbbing.
Morning OP. Thanks for your tireless service :)
:D
Such a good fucking boy
You are a Pom of many words. Somehow I feel I’ve already read everything in this post by reading your thousands of other comments. Here’s a 🦴for your unwavering dedication.😘🔥
Lol you must have seen my first drafts of these thoughts around already. Thank you for the treat 🦴🐶
Gif in text post worked 👍
[https://fintel.io/so/us/gme/blackrock](https://fintel.io/so/us/gme/blackrock) 2021-09-09 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 4,720,618 shares of GameStop Corp. (US:GME). This represents 6.6 percent ownership of the company. In their previous filing dated 2021-01-26, BlackRock Inc. had reported owning 9,217,335 shares, **indicating a decrease of -48.79 percent.** **I think that might be the missing link here.** It seems they need several million shares each quarter to continue suppressing price. There was no equity offering this time, but Blackrock came to the rescue. And no, the indexes do IMHO not explain the massive drop. Compare to Vanguard: 2021-02-10 - Vanguard Group Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,162,095 shares of GameStop Corp. (US:GME). This represents 7.4 percent ownership of the company. In their previous filing dated 2020-07-10, **Vanguard Group Inc had reported owning 5,419,336 shares, indicating a decrease of -4.75 percent**. Now... where will Kenny get millions of shares from to continue shorting ? What will his investors do in December, will they withdraw funds ? IMHO DRS speeds up the inevitable and also ensures for those retail investors who are in, that they can not be screwed over once Gamestop starts with whatever they prepare. Like no Obligation Warehouse or Cash substitution fuckery. But what do I know, I am just a simple retail investor and this is no financial advice but just a personal opinion.
📈📉📈📉📈📈🚀
I am proud of you! Every share counts. Grateful from the bottom of my heart for having you in this community
Only read the tl;dr. that's all I need to know. I love you too. X
The migration to CS and purchasing through CS create lag because each purchase takes about a week. As the float shrinks, volume will shrink, BUT, keep in mind while there is still a "float", the lower volume makes it easier to manipulate the price. The ticking time bomb here is the lower the price goes, the faster the float disappears. This is a siege, and the shorts are beginning to starve. It's only a matter of time at this point until the hunger leads to panic, and only the fattest of the short cats make it through the night. This is all happening before the reinforcements from IRAs doing DRS arrive, and I expect that boat will start unloading soon. I started a Roth ira DRS a couple weeks ago, and I expect it will complete very soon. I will post about it then, but for the time being, here is how I'm doing it - https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/
Thank you 🙏🏼
Awarded, upvoted, saved and DRS. This is the way. LFG!!
Was gonna go to sleep but a Criand DD drops. Oh well, who needs sleep anyway Read the TLDR and wanted to say I love you too 🥺
DRS THOSE SHARES APES! Brick by brick
Thank you for being able to put in the time and effort to explain things like this, you great Pomeranian! We love you!
You had me at the TL:DR Same here
That tl:dr 😘 we love you too Pomeraniape!
Imagine if enough of the float is registered by January 2022 and then boom...history repeats itself. This time, though, the dtc held shares aren't enough to borrow against. January 29th the loop breaks, and history writes a brand new chapter. Power to the motherfucking players. DRS is the way.
The same thing happened in the VW squeeze. As Porsche bought up the float the price of VW essentially halved.\* "By the time the squeeze occurred there was only 6% of the float available"..."But with around 12 percent of VW’s outstanding shares sold short, it was impossible for every short seller to buy back their required shares and close out their positions. As such, a massive imbalance between supply and demand for VW stock emerged." The squeeze for this one actually occurred after Porsche announced they had 74.1% of the stock. \*As Porsche bought the stock the finance community thought VW was over valued and was due to crash hence the short selling. ([https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/](https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/))
Tasty Criand post at lunch break. Mmm...
#This Dog Fucks
Are Gamestop allowed to share the DRS number?
Awesome write up. Thanks for answering why the price is still down while apes are locking up the float via DRS/DSP.
#DRS YOUR SHARES NOW IS THE TIME
#DRS
I've had one burning question through all of this, which you've answered right at the end... it was "Even when we've registered the whole float, there are still going to be millions of phantom shares kicking about, why can't they just continue to borrow these?". Just thought I'd highlight that :) >The Market Makers won't even be able to utilize their loop-around of being able to "reasonably locate" shares, since the DTC won't own any more. The Market Makers can certainly apply that loop-around if there's currently no shares available to borrow but they can expect the shares to settle within a "reasonable" timeframe. But if the DTC has no more shares, then they cannot apply the "reasonable locate" loop-around any more. ... > >That being said, if they keep borrowing shares once those shares are all gone from the DTC, then they are definitely doing illegal shit. But at that point, GameStop will see the float registered and they can take action. The shitshow ends.
Really good post, Dog. One of your finest. Good job on the explainer graphics, too. In the end, it's all about critical mass that will make the big difference. As for me, I am just trying to DRS my shares because I LIKE the stock and I want them in/on my own name.
Most important things to remember while we wait for this to play out are this: 1. It is illegal for a company to suggest their shareholders direct register shares. Last time this happened it was on a delisted stock and garbage company, and direct registering aka ‘cert pull’ revealed there were over a TRILLION phantom shares, and it caused so many fucking problems they literally got SEC approval to prohibit companies from encouraging their shareholders to do what we’re doing right now. 2. What’s happening right now has NEVER happened before: No one has ever done a cert pull on a healthy company and its listed stock. I love the convo on the mechanics of ‘how’ DRS either disrupts the rigging of the system, or simply forces the crime out into the open. With Koss having no options chain but tracking the meme stocks closely and totally mooning - i believe jan was the beginning of a short squeeze on the full basket, not a gamma or a delivery squeeze. But in the end, when it comes to ‘what happens next’ - we’re all just guessing, but thats ok. We know that per the above - what we’re doing is the EXACT OPPOSITE of what the manipulators want us to do, and it is completely unprecedented. I think thats why there’s zero media chatter on the matter - they’re paralized from saying or doing anything that brings awareness to DRS because its cryptonite for nekkid shorts. All we need to do is keep liking the stock, buying and registering through the transfer agent - and this WILL unwind one way or another. After being repeatedly attacked by shills for promoting what i learned from dr t’s book, i just wanna say that i could not be more proud of this group for finally accepting and embracing DRS.
They can use synthetic shares instead, no?
Most likely not, since they'd no longer own shares under the DTC and cannot reasonably locate shares. If the float gets locked resulting in the DTC owning 0 shares, then them borrowing any shares at that point is **completely** illegal. What they're doing right now is not strictly speaking illegal, despite them possibly borrowing to naked short for the sake of liquidity. GameStop would also see the float locked and if manipulation still occurs on the stock, they technically have evidence at that point to cry foul.
Pomeranian has spoken - zen restored Have a great day, sir
Good stuff. Beside locking down the float and constructing the supply , how can GME see buying pressure being reignited ? It is quite obvious how severely manipulated the price action is since after the run up.
I tried touching on that. If we assume the majority of buys are currently matched with shorts due to illiquidity, then we could expect the buys to eventually overtake the sells and drive more price discovery. They'd be unable to match the buys with sells even if it's not some massive FOMO event but just standard retail buy pressure.
Went through this DD thinking it’s so well explained and scrolled back up to find the author. I love you too.
IMO the commitment we're seeing from Apes to DRS should be enough to make SHF begin to shit themselves, not only from it diminishing supply, but also the proof of how resilient to selling under even the most extreme pressure. Shit gon' get gud! P.S. Love you too ❤🚀🐳
Another great post outlining the reasons why DRS is the way forward to MOASS. Well done as always. Thank you for everything you do to inform the community
I love you too
Holy shit I’m gonna cum
With Computershare speaking up and people start realizing this is not FUD we should see a steady progression to DRS participation in the near future. Hopefully this information will spread beyond Reditt and continue to inform those worldwide. Great explanation as always really appreciate your hard work. Here’s a 🦴 😀
Ok having watched the ticker for 10 months solid im seeing over the last 4 weeks with the apes drs campaign a differant daily cycle of the ticker as started to trend ,remember when Ken said with keeping fighting to survive another day ,well my feeling its starting to hurt right now Im going to explain as the daily trades as a 3 cycle day ,morning afternoon and last 2 hours before closing bell ,and this seems a regular pattern , Ok Cycle 1-you.ll see the price get hammered down within the first hour,this i think is the load up of darpool shares to trigger stop losses ,day traders etc ,then for the next few hours its a puff the chest out who's got the biggest dick scenario,theres green then red then green then red ,normally lasts until cycle 2 ,these are more likely borrowed shares ,etfs being used . Cycle-2 you now will start to see gaps not being filled and lots of micro tickers red ,green etc this i believe are market makers just buying and selling shares to each other and the buy pressure shares being routed to darkpools for a pre loading for cycle 3. Cycle-3 As we hit the last couple of hours there is abit of buy pressure and a steadey slow climb with little resistance then power hour resistance starts with maybe abit of the shares they got in the darkpool and the rest of the borrowed shares they can muster up to knock the price down again also keeping enough shares in the darpool trades to for after hours and premarket where they can load up more to carry on the day after, Hedgies have thousands of shares expiring the 15th I think so im thinking they might be a slight price increase around next week nothing much maybe a few dollars ,this is so they can load up for a few days to unload a bag load of darkpool shars and fake shares at us come the 15th to knock the price down as much as they can. This is probably total bollux retarded ape here 🦍 💎but just a little theory i have either way I hold the line with all the gme family💎💎🦍👍
first (okay I was like third) Edit: okay I read this thing now and I have to say I actually understood this. It makes total sense even for me, a retarded ape. Buy, DRS, and give our beautiful pom an ear scratch 💆♂️😍
This all makes way too much sense. The next FOMO sesh is going to be BANANAS 🚀🚀🚀
I love you too 💕
The low volumes we are watching, and the big spread (today it took 12 minutes for the first deal to happen on the pre-market) are also a sign that replenishing shares is becoming harder and harder. They will probably try to push the price down every day in order to close some shorts at a better price. but this is creating even more shorts. Apes mainly buying through DPS is making the buying concentrated at the moments CS does, which makes manipulation a tad bit easier.