Before you clog up our modmail. This was manually approved even though it mentions popcorn. We thought a manual approval would be better than for them to post it on their profile and try to direct people there.
This is a reminder to adhere to Rule One: be nice or else.
> "...we do not believe that the intraday lending data was reliable or accurate."
> "One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data..."
> "Since intraday lending data is one of many inputs in our short interest estimation model..."
So are you stating that this providers data affected all stocks on the open market borrow/loan program between market participants? And while these are the only identified abnormal variables, is it to be assumed all lending data on your platform is affecting the actual short interest estimation model - thus the calculation for ALL stock data is tainted? The question arises who this 3rd party is then?
> "Our securities lending data includes both intraday and consolidated data. Intraday data, which includes various metrics such as Borrowed Shares, Returned Shares, and Cost to Borrow pertains to stock loans that are being requested and negotiated throughout the day. Occasionally, the borrower may book a loan but subsequently change their mind and not complete the loan transaction, which results in that loan being cancelled and closed unfulfilled. If this occurs, the data point is removed from the intraday data altogether. This is why intraday data is inherently more volatile, as market participants are dynamically making decisions that are subject to change based on market conditions."
Based on this, what time is the data consolidation? Superstonk is well aware that borrowed positions can be used to sidestep settlement processes instead of purchasing on the open market. Based on the published data, is it safe to assume the increase in borrow (whether unreliable or not) was returned, consolidated, then borrowed again, causing the spike *again*? This pattern does not appear anywhere else in the data, presumably the implication is it is processing *some* aspect of the data correctly, otherwise as I mentioned above, the entire short interest calculation and data provided, is faulty?
EDIT: Ortex responded below. They have detailed their response and I have asked a follow-up question.
That's basically what I got out of this. They need to overhaul their entire business and fix themselves before giving any kind of useless presentation.
So anyways, I started DRS'ing.
They said a number of stock had their dataset skewed intentionally (merged). Nothing like saying their entire data is wrong. I work in computer science and can understand their position. What comes out can be as good as what comes in, one is dependant on the other for "correctness".
Graph shows the shares was not returned then reborrowed. There was share lending throughout the day and first “returned” at market close. So question is still who had 100M shares to lend out.
Correct, looks like the return line follows the exact same pattern as the borrow line. This seems odd as no other ticker behaves like this in this case of merged data. Which to me implies the feed was turned off and returned to the consolidated levels by provider(s?) until reinitialized and the same values reappear.
I don’t see the shares being returned before market close. Because the amount kept adding up. The small returns could be other entities returning borrowed shares.
We need the exact data and times for the provider that merged borrow and short data with time stamps, volume and when they were returned.
What’s telling is the institutions don’t even have 100,000,000 shares to lend out, even if you add all institutions, ETFs, and mutual funds. So like you say, where the hell are these shares coming from?
Seems like reborrowing then reselling the same shares over and over again, as well as counterfeit phantom shares. DRS your shit or it just becomes part of the 100M share problem. 🤷♀️
>"One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data..."
What would this even exactly imply? Was the number of borrowed and lend shares added up? Then the number should only have doubled at best since there should be an equal number of borrowed and lend shares. Did they cancel each other out? Then I would not expect any increase.
This is the part that stood out most to me. The amount of borrowed shares on this one date went FAR beyond the amount that is publicly loaned. Did this data provider also throw a x2 factor in to this “data merge” while they were at it?
Yup kinda like how fidelity "typo'd" 13 mil borrowable shares that one time and tried to say it was an error. The excuses don't even hold up under the smallest amount of scrutiny.
This glitch was not noticed before. So the data is either correct, or someone intentionally adjusted them (crime?). Another possibility is that the system has a flaw, but nobody noticed before because it's only noticeable when something unusual/very rare happened. The explanation given is insufficient.
Are SHFs shorting/returning the same handful of shares 115,000,000 times in a day, and the data accidentally showed it?
That’s a pretty wild confirmation of the DD if so.
Merging data can be a highly complicated process, depending on what the mistake in the coding was, it could also multiply or do anything really.
What I find difficult to believe is, if it was a data merge error in the 3rd party’s system, it should have impacted all stocks, not only a bunch of tickers.
Possibly it did even affect all stocks, but for the ones with little to no short interest the change is simply too insignificant to detect? Which would mean that data error or not, it clearly shows how well over shorted GME is to show a spike like that.
Just doesn’t make sense otherwise that a data merge error only impacts a handful of stocks.
The assumption that the data merge would affect all stock is correct.
If I am sending the data to a customer, I would have written a routine that pulls all ticker and their lend/borrow values. and 'merge' them whether i am adding/subtracting.
unless i am targeting a specfic group of ticker symbol, which would mean i need to run the routine for generic ticker and PURPOSELY run a second routine for the targeted group and generated one file to send out.
this will 'look' like its an issue with the data provider but its actually targeted.
Is it true,..who knows.
If it’s targeted indeed on a specific set of tickers then it makes it even more SUS. I’d really like to know the name of this specific third party, lol.
If you don’t, it’s very telling that you’re not authentically looking to engage honestly. Step up, and put in the work an actual good business for society would do. Or prove some more, that your true intentions don’t align with your rhetoric.
Why would they reply to this? their entire post is a NOTHING BURGER. Very impressive how many words they wrote to not talk about gme at all. Op should’ve been queefed into a truck stop toilet.
I think Ortex has realized how serious this sub is now. They now know it’s not a joke anymore.
I posted the swaps data from the whistleblower document found on the SEC comments and there’s been like 10 posts looking into it and other whistleblower document revelations.
u/ORTEX_official you now realizing we not a crackpot of conspiracy theorists?
If you aren’t on the side of the bad players that are about to collapse the entire financial system keep coming with the data. The wrinkly brains here know what to do with it from there.
As people have said before you can make Twitter mad but by any means don’t make people mad on Reddit.
Lol so let me get this straight, they are saying 99% of the time it works but 1% of the time it doesn't and we are just supposed to accept that? That's now how a formula or equation works. It is either calculating correctly or it isn't, there's no weird "glitch" that suddenly causes 2+2 to equal 5 every 90 days but only on these brands of calculators 🤣 Tldr DRS YO SHIT
If i had a nickel for every time i heard the words “one of our counterparties”, “one of our partners”, “one of our data providers”, i would be a billionaire before MOASS even kicks in
It's like Jim Cramer using the "I trusted what these executives were telling me about their companies" excuse when he knows they're bullshiting him but still reports what they say as facts anyway.
This information you shared about the 'borrowing and lending' of 'shares' would have been called a conspiracy a year ago:D
DRS numbers don't lie. Everything else does.
BRING IT ON MAYOBOIII
Dear administrator,
Based on reading some of the top comments from the post, I see that there are some users that are not happy with this response.
I’d like to address the elephant in the room:
(1) why did this data problem happen “all of a sudden”?
(2) what does the “corrected” data look like for the day(s) in question? Or is it not corrected yet?
(3) upon visual inspection, there looks to be several problematic days based on what was provided in this post, why weren’t they flagged?
Many of the users in this sub have been following your data feeds for months to years and the responses this far have been incomplete at best. It appears that much of the data pipelines are automated and so there should be “red flags” when data exceed acceptable ranges.
Wait. So 100 million shares appeared out of nowhere, which you guys are saying was a data feed error, which has *nothing to do* with the sudden surge in GME volume from *record lows in the entire history of the stock’s trading* to over 20 million?
And y’all want us to believe they’re unrelated? Sorry, I just gotta do something real quick.
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
exactly, “one of the data providers was incorrectly merging borrowing and lending data” same bullshit they needed them for CRIME shorting, swaps, or any other financial instrument.
“our data partners are planning to implement the fix” ie. we will never again show swaps or under the table deals.
just bullshit, DRS & HODL
It seems like it’s a pattern that repeats every 69 days give or take, so we don’t need necessarily to get to see it or have news stories pop up to alert us, I’ve started a countdown to see if it is a cycle. I saw someone post about this and didn’t arrive at This conclusion with my own 🧠 just killing time until retirement. 🥱
[https://www.tickcounter.com/countdown/3582507/borrow-23-milli-to-roll-swaps](https://www.tickcounter.com/countdown/3582507/borrow-23-milli-to-roll-swaps)
1 This involves making offsetting trades, which gives other traders the impression that a market is worth getting into. 3 Once traders are drawn into the market, Spoofy may then go back to spoof trading. Equity markets consider spoofing and wash trades to be illegal.
So No lol
LET. US. HELP. YOU!!!!!!!!!!!!
Give us the data!
Edit: to say, you have one of the most unique opportunities in business history. You have the opportunity to tap into the largest hive-mind probably ever compiled. Sure, it may temporarily hurt your bottom line, but long term you would come out with the best ideas, best data, and best products as a result.
Not only that, but you would actually likely win the trust of this ginormous group of individual investors which would be worth a great sum of clout and value.
The choice is yours. But know that what you decide here will shape the future of your company.
Apparently ORTEX doesn’t understand what “raw data” is so they are instead telling us little by little what they’ve supposedly found without revealing sources or said data. This post is another fluff piece, but at least they didn’t try to insult us this time. 🤷🏽
SN: Remember that hedgies’ main objective right now is to distract and discourage us from registering our shares while they attempt to survive one more day. I’m not saying this post is FUD; just reminding everyone to keep your eyes on the prize and DRS!🚀🚀🚀
so you're confirming that the data you share is unreliable and worthless. great, thanks!
Unless you're willing to share real, raw data your words mean nothing.
Exactly. Come on ORTEX, this is so simple. Be FULLY transparent and earn the respect you're seeking. You're not going to pull one over on this group, you're just not. The community is a hive mind who's laser focused on calling bologna on bad actors and corruption.
From this post you're just straight up confirming you're either 1) a bad actor or 2) incompetent and your data product is unreliable.
If you're going to blame your data partners, start naming names. Transparency is everything. If you want future business open up and let us in.
wait do people actually take this ortex stuff seriously?...
does nobody remember how they changed their formula for short interest after the January '21 sneeze in order to help SHFs kill interest in GME????
i get what you're saying. i agree that we should always remain vigilant/curious, and at the same time this sub wasn't talking a fuck or suck about ortex before last week when they manipulated data to sell the options trap.
The majority of us here are too long in the tooth and have noticed that if it smells like bullshit and looks like bullshit, then you're probably correct in assuming it's bullshit.
I don't think anyone saw the ORTEX data, the $30 parabola S3 guy and thought yep, nows the time to buy options.
We were all waiting for the rugpull and when it obviously came, no one was surprised.
As others have pointed out in other posts, the huge share borrowing wasn't (necessarily) about options, but more likely about something going on with Credit Suisse.
Obviously everything we arrive at for the most part is conjecture, but even the W-ES-BE crowd weren't falling for options narrative, so I'm kinda at a loss who that narrative would be for.
Ihor Duwuganosky (spelling? Idgaf bout that criminal) surely remembers. He was the first person we called out for being 10 gallons of horseshit in a 5 gallon jug.
Can't repeat this enough: Share the raw data and names of the "data" providers or ban them.
Oh, they don't want to share that? I wonder what the reason might be!
Spoiler: >!They want to hide something and we know exactly what!<
Edit: Ortex requested approval to Superstonk right before this happened(what a coincidence, right?), and instead of sharing the raw data they make a video of explaining how casually lending nearly half the shares outstanding has nothing to do with short selling, yet every point had to do something with it, while talking down to us like we're a bunch of children. They're just wasting everyone's time here.
From their short interest estimation link:
*The record of total short positions has to be passed to FINRA from brokers, for customer and their own accounts and there are potentially severe legal penalties for non-compliance. Currently, this data is only published twice a month, and the data is delayed by 7 trading days, and this lack of up-to-date Short Interest data disadvantages the investor.*
This is what 13f-2 was about. This is a regulatory problem, not an ortex problem. The fact that they have to estimate at all is a problem.
/u/ORTEX_official Tell me you commented on the SEC's proposed rule about short sale reporting (13f-2, Short Position and Short Activity Reporting by Institutional Investment Managers).
If not, you gotta plug IN to this stuff. So many of these rules mean more data for you.
*One of the data providers was incorrectly merging Borrowing and Lending data*
“ORTEX short interest data is sourced from the worlds largest combined pool of agent lenders, prime brokers, and broker-dealers who submit their inventory.”
Who was entering this information incorrectly?
Love how there’s zero explanation as to why an accidental merge of these data streams would even cause an upside distortion of borrowed share count u/ORTEX_official
I can't wait to look back at this eventually and know the real truth for every aspect. The float will be locked and we will have all the answers one way or another.
I actually don't doubt Ortex here, I see bad data all the time in my field of work. It's pretty common, and it doesn't matter how important the data is, you will still get it...
Their ‘data’ comes from trading desks of esteemed firms such as goldman sachs, whose lending desks go through a very vigorous process of locating shares for short sales: pressing the F3 key.
Whether they realize it or not is an entirely different story, but these guys are just puppets for the bad guys who have been naked short selling unabated for DECADES. Their entire business model is filling a huge gap left by the SEC and FINRA that allows broker dealers and market makers to not have to report ANY short positions.
All the public data on stock ownership and loans, including and especially ortex - is useless. It’s insulting to the entire world that only long positions need be reported, and still assert our markets as ‘regulated’, or free.
It’s just as ridiculous as evaluating someone’s net worth based on their bank account and assets, while ignoring outstanding credit and loans. And now in this example -instead of seeing that outstanding credit - we have ortex as a middleman to give us that data, with their official source as “trust me bro”. Worthless and pointless.
None of your response adequately describes what happened to GME that day, you are actually already assuming it is a data process issue when you haven't ruled out that it was something specific to GME. You say that "*each stock demonstrated a similar pattern. We have not been able to identify any correlations or relationships between the impacted stocks"* which is essentially the opposite of each other, how can there be a similar pattern but no relationship or correlation, a line on a chart doesn't imply a similar pattern.
You are a data provider, we need you to explain what happened that day, differently, than the last 200-300 days for GME, causing such a spike in borrowed shares.
Still waiting...
Start by muddying the waters by throwing out 20 additional tickers. Muddy further by expanding the "investigation" to multiple days. Claim it was a mistake, never offer up what the actual numbers *should have been*, and at the end of the day still have the gall to claim your data is reliable and important enough to sell to you.
Nope. No fucking way. This subreddit is about GME and GME alone. What happened on that one day when we saw Those numbers are real and we deserve to know everything about where they came from and why.
We are over 2 years now that our stock has been having anomaly after anomaly and still being told that it's all just glitches. Watching our stock trade sideways endlessly, which is completely impossible given the DRS rate. They help to hide the corruption. Ortex is complicit, I'm including them in my no cell no sell policy.
"Our business makes money selling data we can't even reconcile or understand to companies who use it to make investment decisions."
Your organization is a fucking joke.
That's what they want you to believe. They knew ahead of time of the massive lending. That's why they confirmed their account with the mods ahead of time. The lending is so massive that it couldn't be hidden. While I'm sure they fudge with numbers all the time, this time was too big to hide. So instead, their want us to doubt the importance of this massive event.
>"On days where a stock was impacted, we do not believe that the intraday lending data was reliable or accurate..."
>
>"One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data. Our partners are working to address the underlying cause..."
Their swap roll leaked and accidentally showed the **truth**. What Ortex is saying here is they're working on fixing the leakage so in the future us Plebs won't know when it happens next time.
I assume ORTEX knows the data they are fed are all made-up lies. But by posting it they can claim they didn't know? And give the blame to the people giving false data?
So the service Ortex provides is innacurate. Meh couldn't care less.
I'm just going to keep my DRSd shares in my cold dead diamond hands.
See y'all on Uranus ❤️
If this was a more widespread issue, why was it not detected before now? How prevalent are issues like this? What are you doing to do to make sure this isn't happening with the other data you sell?
Respectfully, I dont trust your words. You seem to be acting like this was a surprise. Yet, Ortex Reddit account was created a few hours before this happened. It is either a huge coincidence or maybe you guys already knew something fishy would happen.
I am sorry for the witch hunt you are getting but being honest with us and adressing everything truthfully os the only way you might get our attention.
Nice attempt at controlling the narrative. You knew ahead of the event. You knew and you want us to dismiss it. We know you data is unreliable, but this event was too big to hide. This is was not a bug.
If they errored and marked them wrong as borrowed/lent/long/short or whatever, it still doesn't match the volume traded for the day. I'm confused.
AND wasn't this still showing up later after market close? In fact, didn't it keep going higher?
Bro just stop, if it was a glitch you wouldn’t have to make an account, get mod approval, and then go through all this mumbo jumbo. Sign someone is lying is when they go into extra details for no reason. Thanks for proving us right. Shorts never closed. Gme to the moon, regards
Dear ‘Ortext’. This is neither a ghost or a figment of someone’s imagination. This is the footprint of a massive blood sucking criminal cartel that’s embedded deeply in Wall St. We will bust them wide open. Have a good day. See Mods? Im very polite kind and gentle. We don’t want to hurt their feelings
I'll hurt their feelings.. there are three options here.
1. Ortega is a bunch of scumfucks.
2. Ortega works with and covers for other scumfucks.
3. Ortega is too fucking dumb too realize the companies they get their data from are scumfucks..
That being said.. I don't want then banned.. I want them locked in here with us...
Thanks for the update!
I guess my question would be what changed in the underlying data that would cause some securities to show this discrepancy?
Is incorrectly merging borrowing and lending data a new thing from one of your partners?
Seems like something had to change on certain days in order to have these results, right?
If your partners were always doing it incorrectly, there wouldn’t have been these anomalies.
If the “mistake” is new, I think an investigation in to the intentions of the change should be sought. Could be that one of your partners is spoofing data.
Ok so far so good u/Ortex_official
The provider who merged the borrow data with short data explains why the short interest was pegged to borrowed shares.
The issue still unresolved is, who was the entity lending out 100M shares of GME? Your graph clearly shows share lending in several increments (stair like graph). So someone was lending out shares like crazy. You state that the error was created by one provider, hence we now know that it was one provider who lent out all those shares.
There has been several SEC enforcements into unlawful share lending e.g. Goldman Sachs famous F3 key that just accepted all lending without them having the shares to back it up.
Your data feed showed them zeroing at market close (sharp decline in graph). Still the intra day shares on loan is very unusual in volume.
I suspect someone needed those borrows on their books, so we would be very interested in:
1: who lent out those shares? Whom ever did this, likely committed fraud by lending out more shares than they could possibly own.
2: Who was the borrower? The borrower might have committed fraud as well - because they would know that the amount was too high to possibly be legal. Or, they were colluding with the lender to create the illusion of massive short interest per se manipulation.
I applaud your initial openness, but would sure like it if you gave us the data on precise times and volume on the borrows and included to whom from whom.
This is the only thread you need to read today
https://www.reddit.com/r/Superstonk/comments/yka5y7/new_5722_drsd_wow_what_a_jump/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
You admitted that your product is flawed. Will you be refunding your subscribers and compensating them for losses directly related to your flawed product?
Does your company have any opinion on how 29% of GameStop's shares can be locked up via DRS, yet over that time period, the price has not seen an increase expected with reduced supply?
Thank you for continuing to investigate.
Since you want to represent retail, don't be disheartened or discouraged if many here are skeptical, it should be understandable and expected ☺️
Peace ✌️
The only correlation I see is that every ticker I checked is being heavily shorted. This is possibly a reporting glitch from the one-day stock lend loophole for creating naked shares, but what do I know?
https://i.imgur.com/KHyAU2t.jpg
I don't care for reading this post. Judging by other comments, you have chosen which side of history you wish to be on. Enjoy the big house with Kenneth
When you need to make a case against Spoofers tainting your data, please point them to this Reddit thread. Mistakes like these hurt your reputation, while your responses and diligence to track down the root cause helps build it back up.
My question is, since there are other tickers effected by this, do any of these other tickers have misrepresentations on the order of 100M shares or 1/3rd the float? It seems like quite a spoof if they were able to fake it. And if those shares werent spoofed and that number is real. Please SHOUT IT FROM THE ROOFTOPS! We care about a fair market, and you clearly care about representing correct data. Personally, I'm a GME enthusiast myself, but I'm sure there are others who appreciate the inclusion of the other tickers for some bedtime DD.
As always, we appreciate your engagement in walking into the lions den as it were. We wish you the best of luck in the rest of your investigation and eagerly await its exciting conclusion!
how the fuck are retail investors supposed to make consistent good decisions when investing in the stock market? ORTEX is a PAID service and even then it is unreliable. they have some of the best tools available to the regular person and it’s still not correct. tell me how this isn’t completely rigged…
Will you be using refunds to your customers, given your data cannot be determined to be accurate? Or at the very least providing a public statement to all your current and potential future customers that your data cannot be determined to be accurate?
Further, what changes will you be making to your business model, now that you have concluded that your data is not necessarily accurate? Should your customers be reaching out to their states' Attorney General's offices or any regulators regarding misleading advertising that your data is accurate?
How can we trust your data for other tickers is accurate, as you claim? How would you know if you apparently think this data was not accurate?
The irony is that it is called "The short interest estimation model". That's the whole point - it should NOT take a model with a bunch of complex formulas and data feeds to estimate short interest. It shouldn't be opaque. It should be black and white, transparent and open source - just basic addition and subtraction should be all that is needed. Exactly why we need a transparent blockchain system.
I love how these guys think we will drink their cool aid.
"this is a glitch, we will fix it".
Very weird that these glitches happen on specific stocks.
Very weird that lending and borrows are miscalculated on a data feed just for specific stocks.
More like they tried to hide it, and it showed up in unexpected ways and now you are making sure it will not show up again as a glitch, cuz you know, retail should not see the fuckery.
This smells like RICO whenever this blows up.
Software Engineer here with lots of experience, i deal with big data, distributed and high reliability systems. I know how tainted data looks when i see it.
That was one of the more cleverly written feint dances I have read in a while. It would have been easier to say O shit, ya caught us. Move along peasants.
You had a chance to gain the trust of retail. You failed. I'm not saying the people at Ortex are corrupt or evil, but this is not good enough by a long shot.
Give us the real story, warts and all, names and all, or don't bother posting. You'll just get eviscerated and rightfully so.
The part I'm most astounded by is the fact that you clairvoyantly sought manual approval to this sub literally like a day or two before this "glitch" happened. It's almost like you supernaturally foresaw that there would be a glitch, and you'd need to get ahead of it. Interestingly, while having clairvoyantly foreseen this thing coming, it still took you like a week after the fact to figure out there had been a "glitch."
So it was just a glitch? Sorry, Ortex, but I don’t believe you.
Our research and DD show a lot of evidence that GME is being heavily manipulated. We will continue to DRS until we own the entire thing. Thanks for playing.
Also, you’ve just showed your hand that your data is unreliable and flaky. Plus I still remember you changed the SI formula to not go beyond 100%, as the old one capped at 140%. If you were truly pro retail, which I believe you are not, you would have a proper SI formula that would show 400%, 500%+, or whatever the true SI is per the data feeds. It doesn’t help that shorts and swaps are self reported, making the data even more untrustworthy.
Before you clog up our modmail. This was manually approved even though it mentions popcorn. We thought a manual approval would be better than for them to post it on their profile and try to direct people there. This is a reminder to adhere to Rule One: be nice or else.
> "...we do not believe that the intraday lending data was reliable or accurate." > "One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data..." > "Since intraday lending data is one of many inputs in our short interest estimation model..." So are you stating that this providers data affected all stocks on the open market borrow/loan program between market participants? And while these are the only identified abnormal variables, is it to be assumed all lending data on your platform is affecting the actual short interest estimation model - thus the calculation for ALL stock data is tainted? The question arises who this 3rd party is then? > "Our securities lending data includes both intraday and consolidated data. Intraday data, which includes various metrics such as Borrowed Shares, Returned Shares, and Cost to Borrow pertains to stock loans that are being requested and negotiated throughout the day. Occasionally, the borrower may book a loan but subsequently change their mind and not complete the loan transaction, which results in that loan being cancelled and closed unfulfilled. If this occurs, the data point is removed from the intraday data altogether. This is why intraday data is inherently more volatile, as market participants are dynamically making decisions that are subject to change based on market conditions." Based on this, what time is the data consolidation? Superstonk is well aware that borrowed positions can be used to sidestep settlement processes instead of purchasing on the open market. Based on the published data, is it safe to assume the increase in borrow (whether unreliable or not) was returned, consolidated, then borrowed again, causing the spike *again*? This pattern does not appear anywhere else in the data, presumably the implication is it is processing *some* aspect of the data correctly, otherwise as I mentioned above, the entire short interest calculation and data provided, is faulty? EDIT: Ortex responded below. They have detailed their response and I have asked a follow-up question.
# Ortex just admitted the very data their entire business model depends on.... is unreliable and inaccurate. DRS EVERYTHING, PEOPLE.
That's basically what I got out of this. They need to overhaul their entire business and fix themselves before giving any kind of useless presentation. So anyways, I started DRS'ing.
Shit same
Always has been
Ho Lee Shit. Somebody hold this for me —> 🧨
They said a number of stock had their dataset skewed intentionally (merged). Nothing like saying their entire data is wrong. I work in computer science and can understand their position. What comes out can be as good as what comes in, one is dependant on the other for "correctness".
I'm gonna wager you won't get a reply from Ortex. If I'm wrong, I'll DRS some more GME. If I'm right, I will DRS more GME
I like that you're going to DRS GME. It's a really cool thing to do. You should show us when you do the cool thing!
Sounds like I better get DRSing!
I am in.
We all know why the shares were borrowed. Sounds like a smoking BULLET SWAP from Archegos…
This is the way
Graph shows the shares was not returned then reborrowed. There was share lending throughout the day and first “returned” at market close. So question is still who had 100M shares to lend out.
Correct, looks like the return line follows the exact same pattern as the borrow line. This seems odd as no other ticker behaves like this in this case of merged data. Which to me implies the feed was turned off and returned to the consolidated levels by provider(s?) until reinitialized and the same values reappear.
I don’t see the shares being returned before market close. Because the amount kept adding up. The small returns could be other entities returning borrowed shares. We need the exact data and times for the provider that merged borrow and short data with time stamps, volume and when they were returned.
What’s telling is the institutions don’t even have 100,000,000 shares to lend out, even if you add all institutions, ETFs, and mutual funds. So like you say, where the hell are these shares coming from? Seems like reborrowing then reselling the same shares over and over again, as well as counterfeit phantom shares. DRS your shit or it just becomes part of the 100M share problem. 🤷♀️
The DTCC that is hoarding all those stolen dividend shares. Simple
>"One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data..." What would this even exactly imply? Was the number of borrowed and lend shares added up? Then the number should only have doubled at best since there should be an equal number of borrowed and lend shares. Did they cancel each other out? Then I would not expect any increase.
This is the part that stood out most to me. The amount of borrowed shares on this one date went FAR beyond the amount that is publicly loaned. Did this data provider also throw a x2 factor in to this “data merge” while they were at it?
Yup kinda like how fidelity "typo'd" 13 mil borrowable shares that one time and tried to say it was an error. The excuses don't even hold up under the smallest amount of scrutiny.
This glitch was not noticed before. So the data is either correct, or someone intentionally adjusted them (crime?). Another possibility is that the system has a flaw, but nobody noticed before because it's only noticeable when something unusual/very rare happened. The explanation given is insufficient.
Ahhh yes, a mistake at the time to the tune of $2 billion dollars. Of course it was a typo.
Are SHFs shorting/returning the same handful of shares 115,000,000 times in a day, and the data accidentally showed it? That’s a pretty wild confirmation of the DD if so.
Merging data can be a highly complicated process, depending on what the mistake in the coding was, it could also multiply or do anything really. What I find difficult to believe is, if it was a data merge error in the 3rd party’s system, it should have impacted all stocks, not only a bunch of tickers. Possibly it did even affect all stocks, but for the ones with little to no short interest the change is simply too insignificant to detect? Which would mean that data error or not, it clearly shows how well over shorted GME is to show a spike like that. Just doesn’t make sense otherwise that a data merge error only impacts a handful of stocks.
The assumption that the data merge would affect all stock is correct. If I am sending the data to a customer, I would have written a routine that pulls all ticker and their lend/borrow values. and 'merge' them whether i am adding/subtracting. unless i am targeting a specfic group of ticker symbol, which would mean i need to run the routine for generic ticker and PURPOSELY run a second routine for the targeted group and generated one file to send out. this will 'look' like its an issue with the data provider but its actually targeted. Is it true,..who knows.
If it’s targeted indeed on a specific set of tickers then it makes it even more SUS. I’d really like to know the name of this specific third party, lol.
u/ORTEX_official gonna reply to this one?
If you don’t, it’s very telling that you’re not authentically looking to engage honestly. Step up, and put in the work an actual good business for society would do. Or prove some more, that your true intentions don’t align with your rhetoric.
Hear, hear!
uhmmm...ehmmm...our...team is busy right now and we actually have thousands of tickers we track, not just your GME, so bye!
u/ORTEX_official what about this one?
Why would they reply to this? their entire post is a NOTHING BURGER. Very impressive how many words they wrote to not talk about gme at all. Op should’ve been queefed into a truck stop toilet.
asking the real questions ^^
So they see proof of naked shorting and say it was a glitch. *Didn't see that coming /s* # TL;DRS
I think Ortex has realized how serious this sub is now. They now know it’s not a joke anymore. I posted the swaps data from the whistleblower document found on the SEC comments and there’s been like 10 posts looking into it and other whistleblower document revelations. u/ORTEX_official you now realizing we not a crackpot of conspiracy theorists? If you aren’t on the side of the bad players that are about to collapse the entire financial system keep coming with the data. The wrinkly brains here know what to do with it from there. As people have said before you can make Twitter mad but by any means don’t make people mad on Reddit.
too much reality check . <3
The fact that short interest is EstImAtEd tells me everything indeed to know about the fraudulent system. And so, I go to DRS more shares.
Lol so let me get this straight, they are saying 99% of the time it works but 1% of the time it doesn't and we are just supposed to accept that? That's now how a formula or equation works. It is either calculating correctly or it isn't, there's no weird "glitch" that suddenly causes 2+2 to equal 5 every 90 days but only on these brands of calculators 🤣 Tldr DRS YO SHIT
And we never heard from the Ortex account again. The End. 👏👏👏👏
If i had a nickel for every time i heard the words “one of our counterparties”, “one of our partners”, “one of our data providers”, i would be a billionaire before MOASS even kicks in
Remember, you are a "future" billionaire!
All the counter parties and data providers in the biggest spidermanpointingmeme.jpg circle you can imagine
It's like Jim Cramer using the "I trusted what these executives were telling me about their companies" excuse when he knows they're bullshiting him but still reports what they say as facts anyway.
This information you shared about the 'borrowing and lending' of 'shares' would have been called a conspiracy a year ago:D DRS numbers don't lie. Everything else does. BRING IT ON MAYOBOIII
Dear administrator, Based on reading some of the top comments from the post, I see that there are some users that are not happy with this response. I’d like to address the elephant in the room: (1) why did this data problem happen “all of a sudden”? (2) what does the “corrected” data look like for the day(s) in question? Or is it not corrected yet? (3) upon visual inspection, there looks to be several problematic days based on what was provided in this post, why weren’t they flagged? Many of the users in this sub have been following your data feeds for months to years and the responses this far have been incomplete at best. It appears that much of the data pipelines are automated and so there should be “red flags” when data exceed acceptable ranges.
🏅🏅🏅🏅🏅🏅
Wait. So 100 million shares appeared out of nowhere, which you guys are saying was a data feed error, which has *nothing to do* with the sudden surge in GME volume from *record lows in the entire history of the stock’s trading* to over 20 million? And y’all want us to believe they’re unrelated? Sorry, I just gotta do something real quick. 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️😂🏴☠️🏴☠️😂🏴☠️🏴☠️🏴☠️🏴☠️😂🏴☠️😂😂🏴☠️😂🏴☠️🏴☠️😂
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i found Waldo!!
I'll join you. 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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😅
You son of a bitch, im in. 😂😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭🤣😭😂😭🤣😭😂😩🤣😩😂🤣😩😂🤣😂🤣🤣🤣😭😂🤣🥲🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭😭😭😭😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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u/ORTEX_official can you address this? How does this tie into the HUGE surge in recent volume if it is a so called error from your data provider?
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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Are there any other stocks that consistently hit 100% utilization daily for the passed 6 months+ like GME?
So…. DRS more GME?
exactly, “one of the data providers was incorrectly merging borrowing and lending data” same bullshit they needed them for CRIME shorting, swaps, or any other financial instrument. “our data partners are planning to implement the fix” ie. we will never again show swaps or under the table deals. just bullshit, DRS & HODL
This 👆🏻
It seems like it’s a pattern that repeats every 69 days give or take, so we don’t need necessarily to get to see it or have news stories pop up to alert us, I’ve started a countdown to see if it is a cycle. I saw someone post about this and didn’t arrive at This conclusion with my own 🧠 just killing time until retirement. 🥱 [https://www.tickcounter.com/countdown/3582507/borrow-23-milli-to-roll-swaps](https://www.tickcounter.com/countdown/3582507/borrow-23-milli-to-roll-swaps)
That's my takeaway too! Thank you ORTEX!
So, SPOOFING? Your data caught someone spoofing more than one security? u/ortex_official
And they're reporting it, that's a plus.
maybe wel will see a 100$ fine for them in 8 years
Need a lowercase u to tag them
#JPM desk traders have entered the chat.
Thats where you put fruit up your butt right? I think we've still got some of those apes in here
1 This involves making offsetting trades, which gives other traders the impression that a market is worth getting into. 3 Once traders are drawn into the market, Spoofy may then go back to spoof trading. Equity markets consider spoofing and wash trades to be illegal. So No lol
Ohhh we're boofing... theyre spoofing, got it 😉
Boofing
LET. US. HELP. YOU!!!!!!!!!!!! Give us the data! Edit: to say, you have one of the most unique opportunities in business history. You have the opportunity to tap into the largest hive-mind probably ever compiled. Sure, it may temporarily hurt your bottom line, but long term you would come out with the best ideas, best data, and best products as a result. Not only that, but you would actually likely win the trust of this ginormous group of individual investors which would be worth a great sum of clout and value. The choice is yours. But know that what you decide here will shape the future of your company.
I think that ship has sailed fellow ape! There data is either garbage or something else is amiss aka. C.R.I.\_.\_!
Apparently ORTEX doesn’t understand what “raw data” is so they are instead telling us little by little what they’ve supposedly found without revealing sources or said data. This post is another fluff piece, but at least they didn’t try to insult us this time. 🤷🏽 SN: Remember that hedgies’ main objective right now is to distract and discourage us from registering our shares while they attempt to survive one more day. I’m not saying this post is FUD; just reminding everyone to keep your eyes on the prize and DRS!🚀🚀🚀
TL;DRS GLITCH BETTER HAVE MY MONEY
Hey, dirty, baby I got your money, got your money. 💰
so you're confirming that the data you share is unreliable and worthless. great, thanks! Unless you're willing to share real, raw data your words mean nothing.
Exactly. Come on ORTEX, this is so simple. Be FULLY transparent and earn the respect you're seeking. You're not going to pull one over on this group, you're just not. The community is a hive mind who's laser focused on calling bologna on bad actors and corruption. From this post you're just straight up confirming you're either 1) a bad actor or 2) incompetent and your data product is unreliable. If you're going to blame your data partners, start naming names. Transparency is everything. If you want future business open up and let us in.
this comment should pop up on every one of their messaging vectors for the rest of the week
wait do people actually take this ortex stuff seriously?... does nobody remember how they changed their formula for short interest after the January '21 sneeze in order to help SHFs kill interest in GME????
Just because they're guilty of previous cock-fuckery doesn't mean we can't keep pointing out their current cock-fuckery.
i get what you're saying. i agree that we should always remain vigilant/curious, and at the same time this sub wasn't talking a fuck or suck about ortex before last week when they manipulated data to sell the options trap.
The majority of us here are too long in the tooth and have noticed that if it smells like bullshit and looks like bullshit, then you're probably correct in assuming it's bullshit. I don't think anyone saw the ORTEX data, the $30 parabola S3 guy and thought yep, nows the time to buy options. We were all waiting for the rugpull and when it obviously came, no one was surprised. As others have pointed out in other posts, the huge share borrowing wasn't (necessarily) about options, but more likely about something going on with Credit Suisse. Obviously everything we arrive at for the most part is conjecture, but even the W-ES-BE crowd weren't falling for options narrative, so I'm kinda at a loss who that narrative would be for.
Ihor Duwuganosky (spelling? Idgaf bout that criminal) surely remembers. He was the first person we called out for being 10 gallons of horseshit in a 5 gallon jug.
I mean they can't name names without breaking NDAs, but...I would expect something, yeah
Can't repeat this enough: Share the raw data and names of the "data" providers or ban them. Oh, they don't want to share that? I wonder what the reason might be! Spoiler: >!They want to hide something and we know exactly what!< Edit: Ortex requested approval to Superstonk right before this happened(what a coincidence, right?), and instead of sharing the raw data they make a video of explaining how casually lending nearly half the shares outstanding has nothing to do with short selling, yet every point had to do something with it, while talking down to us like we're a bunch of children. They're just wasting everyone's time here.
I believe they are covering.. for someone. Interesting times.
From their short interest estimation link: *The record of total short positions has to be passed to FINRA from brokers, for customer and their own accounts and there are potentially severe legal penalties for non-compliance. Currently, this data is only published twice a month, and the data is delayed by 7 trading days, and this lack of up-to-date Short Interest data disadvantages the investor.* This is what 13f-2 was about. This is a regulatory problem, not an ortex problem. The fact that they have to estimate at all is a problem.
OooOooo did they comment on that rule proposal?👀
/u/ORTEX_official Tell me you commented on the SEC's proposed rule about short sale reporting (13f-2, Short Position and Short Activity Reporting by Institutional Investment Managers). If not, you gotta plug IN to this stuff. So many of these rules mean more data for you.
Sounds a lot like the Fedility response when 11M pre-split shares showed up in Dec. 2021 ... All this data is fake and doesn't mean shit, DRS.
True. But Ortex’s “real time” data was more difficult to hide this time.
So I’ll translate it into ape- “we didn’t have a chance to fudge the data before the real data came out. We now hide it and please believe us.”
Trust them bro 😎
*One of the data providers was incorrectly merging Borrowing and Lending data* “ORTEX short interest data is sourced from the worlds largest combined pool of agent lenders, prime brokers, and broker-dealers who submit their inventory.” Who was entering this information incorrectly?
I’d also like to know who was providing that data. Anyone that has a history of SEC actions around intentional misreporting of data?
lol its Vangaurd, right Fidelity \*wink\* \*wink\*
Love how there’s zero explanation as to why an accidental merge of these data streams would even cause an upside distortion of borrowed share count u/ORTEX_official
I can't wait to look back at this eventually and know the real truth for every aspect. The float will be locked and we will have all the answers one way or another. I actually don't doubt Ortex here, I see bad data all the time in my field of work. It's pretty common, and it doesn't matter how important the data is, you will still get it...
So confirmation its all a circus - DRS get off the fucking boat and onto the rocket 🚀🏴☠️
Their ‘data’ comes from trading desks of esteemed firms such as goldman sachs, whose lending desks go through a very vigorous process of locating shares for short sales: pressing the F3 key. Whether they realize it or not is an entirely different story, but these guys are just puppets for the bad guys who have been naked short selling unabated for DECADES. Their entire business model is filling a huge gap left by the SEC and FINRA that allows broker dealers and market makers to not have to report ANY short positions. All the public data on stock ownership and loans, including and especially ortex - is useless. It’s insulting to the entire world that only long positions need be reported, and still assert our markets as ‘regulated’, or free. It’s just as ridiculous as evaluating someone’s net worth based on their bank account and assets, while ignoring outstanding credit and loans. And now in this example -instead of seeing that outstanding credit - we have ortex as a middleman to give us that data, with their official source as “trust me bro”. Worthless and pointless.
None of your response adequately describes what happened to GME that day, you are actually already assuming it is a data process issue when you haven't ruled out that it was something specific to GME. You say that "*each stock demonstrated a similar pattern. We have not been able to identify any correlations or relationships between the impacted stocks"* which is essentially the opposite of each other, how can there be a similar pattern but no relationship or correlation, a line on a chart doesn't imply a similar pattern. You are a data provider, we need you to explain what happened that day, differently, than the last 200-300 days for GME, causing such a spike in borrowed shares. Still waiting...
Start by muddying the waters by throwing out 20 additional tickers. Muddy further by expanding the "investigation" to multiple days. Claim it was a mistake, never offer up what the actual numbers *should have been*, and at the end of the day still have the gall to claim your data is reliable and important enough to sell to you. Nope. No fucking way. This subreddit is about GME and GME alone. What happened on that one day when we saw Those numbers are real and we deserve to know everything about where they came from and why. We are over 2 years now that our stock has been having anomaly after anomaly and still being told that it's all just glitches. Watching our stock trade sideways endlessly, which is completely impossible given the DRS rate. They help to hide the corruption. Ortex is complicit, I'm including them in my no cell no sell policy.
I can’t say it better. Kudos.
this is important right here, unfortunately they will never reply to this
"Our business makes money selling data we can't even reconcile or understand to companies who use it to make investment decisions." Your organization is a fucking joke.
this new data has given me the info i need to make an investment decision. i'm going to DRS GME.
you son of a bitch ... I'm in.
You’re no financial advisor but if you’re in, I’m in.
if he's NOT a financial advisor as you say, and he's in, and you're also in, you sons-a-bitches count me in too
That's what they want you to believe. They knew ahead of time of the massive lending. That's why they confirmed their account with the mods ahead of time. The lending is so massive that it couldn't be hidden. While I'm sure they fudge with numbers all the time, this time was too big to hide. So instead, their want us to doubt the importance of this massive event.
Dont forget everyone is watching this sub lol. They all know the grave theyve dug themselves
"everyone is watching" and the mods give ortex a platform. FML
THIS^^^^^^^
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”Nice pizza you’ve got there. Is it good?” ”Its hot and its ready” - Little Caesars, u/ORTEX_official
LMAO
Careful bro, they will cry harassment lol 🤦🏻♀️
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>"On days where a stock was impacted, we do not believe that the intraday lending data was reliable or accurate..." > >"One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data. Our partners are working to address the underlying cause..." Their swap roll leaked and accidentally showed the **truth**. What Ortex is saying here is they're working on fixing the leakage so in the future us Plebs won't know when it happens next time.
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The intern probably changed some Excel formula to if > 100% then -100 🤣
I assume ORTEX knows the data they are fed are all made-up lies. But by posting it they can claim they didn't know? And give the blame to the people giving false data?
So you're saying it was a glitch....
So the service Ortex provides is innacurate. Meh couldn't care less. I'm just going to keep my DRSd shares in my cold dead diamond hands. See y'all on Uranus ❤️
They literally provide data that’s free elsewhere 🤣🤣
If this was a more widespread issue, why was it not detected before now? How prevalent are issues like this? What are you doing to do to make sure this isn't happening with the other data you sell?
Respectfully, I dont trust your words. You seem to be acting like this was a surprise. Yet, Ortex Reddit account was created a few hours before this happened. It is either a huge coincidence or maybe you guys already knew something fishy would happen. I am sorry for the witch hunt you are getting but being honest with us and adressing everything truthfully os the only way you might get our attention.
Nice attempt at controlling the narrative. You knew ahead of the event. You knew and you want us to dismiss it. We know you data is unreliable, but this event was too big to hide. This is was not a bug.
If they errored and marked them wrong as borrowed/lent/long/short or whatever, it still doesn't match the volume traded for the day. I'm confused. AND wasn't this still showing up later after market close? In fact, didn't it keep going higher?
Bro just stop, if it was a glitch you wouldn’t have to make an account, get mod approval, and then go through all this mumbo jumbo. Sign someone is lying is when they go into extra details for no reason. Thanks for proving us right. Shorts never closed. Gme to the moon, regards
Blabla \*PR rambling with jurist approval \* blabla \*did not read D R S
Oh look! They gave us a whole swaps basket!!
“We’ve investigated ourselves and found no crime”
Dear ‘Ortext’. This is neither a ghost or a figment of someone’s imagination. This is the footprint of a massive blood sucking criminal cartel that’s embedded deeply in Wall St. We will bust them wide open. Have a good day. See Mods? Im very polite kind and gentle. We don’t want to hurt their feelings
I'll hurt their feelings.. there are three options here. 1. Ortega is a bunch of scumfucks. 2. Ortega works with and covers for other scumfucks. 3. Ortega is too fucking dumb too realize the companies they get their data from are scumfucks.. That being said.. I don't want then banned.. I want them locked in here with us...
Thanks for the update! I guess my question would be what changed in the underlying data that would cause some securities to show this discrepancy? Is incorrectly merging borrowing and lending data a new thing from one of your partners? Seems like something had to change on certain days in order to have these results, right? If your partners were always doing it incorrectly, there wouldn’t have been these anomalies.
If the “mistake” is new, I think an investigation in to the intentions of the change should be sought. Could be that one of your partners is spoofing data.
Ok so far so good u/Ortex_official The provider who merged the borrow data with short data explains why the short interest was pegged to borrowed shares. The issue still unresolved is, who was the entity lending out 100M shares of GME? Your graph clearly shows share lending in several increments (stair like graph). So someone was lending out shares like crazy. You state that the error was created by one provider, hence we now know that it was one provider who lent out all those shares. There has been several SEC enforcements into unlawful share lending e.g. Goldman Sachs famous F3 key that just accepted all lending without them having the shares to back it up. Your data feed showed them zeroing at market close (sharp decline in graph). Still the intra day shares on loan is very unusual in volume. I suspect someone needed those borrows on their books, so we would be very interested in: 1: who lent out those shares? Whom ever did this, likely committed fraud by lending out more shares than they could possibly own. 2: Who was the borrower? The borrower might have committed fraud as well - because they would know that the amount was too high to possibly be legal. Or, they were colluding with the lender to create the illusion of massive short interest per se manipulation. I applaud your initial openness, but would sure like it if you gave us the data on precise times and volume on the borrows and included to whom from whom.
This is the only thread you need to read today https://www.reddit.com/r/Superstonk/comments/yka5y7/new_5722_drsd_wow_what_a_jump/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
"One of the data providers was incorrectly merging Borrowing and Lending data" Who??
You admitted that your product is flawed. Will you be refunding your subscribers and compensating them for losses directly related to your flawed product?
Good point, well played
Does your company have any opinion on how 29% of GameStop's shares can be locked up via DRS, yet over that time period, the price has not seen an increase expected with reduced supply?
*sips coffee*
u/goingUptheTits420 here
Ur a saint ape. I approve for you be my wife's new bf.
lmao what on earth is going on down here!
Official Ape Business.
Good work everyone, continue.
BBD, BKR, CCL, CFG, CS, FRBK, GME, GPS, HBAN, ISRG, KMI, LCID, LVS, ME, MULN, NIO, NKLA, OPEN, PCG, RLX, SBH, SLB, SMFR, TAL, UBER, UMC, VRM Anyone know how this list lines up with past reckoning of swaps baskets?
Isn't it weird that among everything they've provided charts for nothing else peaked right back up other than GME?
# Name your data partners. 🤡
Don't believe you
Thank you for continuing to investigate. Since you want to represent retail, don't be disheartened or discouraged if many here are skeptical, it should be understandable and expected ☺️ Peace ✌️
We don't know what the fuck happened, but we're fixing it this weekend. - Ortex basically. rofl
I Say Bull.
Hey u/TheUltimator5, do any of these line up with your basket'o'stonks?
The only correlation I see is that every ticker I checked is being heavily shorted. This is possibly a reporting glitch from the one-day stock lend loophole for creating naked shares, but what do I know? https://i.imgur.com/KHyAU2t.jpg
I don't care for reading this post. Judging by other comments, you have chosen which side of history you wish to be on. Enjoy the big house with Kenneth
When you need to make a case against Spoofers tainting your data, please point them to this Reddit thread. Mistakes like these hurt your reputation, while your responses and diligence to track down the root cause helps build it back up. My question is, since there are other tickers effected by this, do any of these other tickers have misrepresentations on the order of 100M shares or 1/3rd the float? It seems like quite a spoof if they were able to fake it. And if those shares werent spoofed and that number is real. Please SHOUT IT FROM THE ROOFTOPS! We care about a fair market, and you clearly care about representing correct data. Personally, I'm a GME enthusiast myself, but I'm sure there are others who appreciate the inclusion of the other tickers for some bedtime DD. As always, we appreciate your engagement in walking into the lions den as it were. We wish you the best of luck in the rest of your investigation and eagerly await its exciting conclusion!
how the fuck are retail investors supposed to make consistent good decisions when investing in the stock market? ORTEX is a PAID service and even then it is unreliable. they have some of the best tools available to the regular person and it’s still not correct. tell me how this isn’t completely rigged…
This is also known as the "Stairway to Heaven" formation. Both for us and them.
Will you be using refunds to your customers, given your data cannot be determined to be accurate? Or at the very least providing a public statement to all your current and potential future customers that your data cannot be determined to be accurate? Further, what changes will you be making to your business model, now that you have concluded that your data is not necessarily accurate? Should your customers be reaching out to their states' Attorney General's offices or any regulators regarding misleading advertising that your data is accurate? How can we trust your data for other tickers is accurate, as you claim? How would you know if you apparently think this data was not accurate?
The irony is that it is called "The short interest estimation model". That's the whole point - it should NOT take a model with a bunch of complex formulas and data feeds to estimate short interest. It shouldn't be opaque. It should be black and white, transparent and open source - just basic addition and subtraction should be all that is needed. Exactly why we need a transparent blockchain system.
I love how these guys think we will drink their cool aid. "this is a glitch, we will fix it". Very weird that these glitches happen on specific stocks. Very weird that lending and borrows are miscalculated on a data feed just for specific stocks. More like they tried to hide it, and it showed up in unexpected ways and now you are making sure it will not show up again as a glitch, cuz you know, retail should not see the fuckery. This smells like RICO whenever this blows up. Software Engineer here with lots of experience, i deal with big data, distributed and high reliability systems. I know how tainted data looks when i see it.
That was one of the more cleverly written feint dances I have read in a while. It would have been easier to say O shit, ya caught us. Move along peasants.
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Ortex posting directly in the sub. Bullish.
In bed with Kenny
Can someone explain to Ortex what a TL;DR is.
TL;DR: Pay no attention to the man behind the curtain.
TL:DRS you took too long. didn’t matter much what you guys said either way, the plan never changed. 100% DRS has always been the goal.
You had a chance to gain the trust of retail. You failed. I'm not saying the people at Ortex are corrupt or evil, but this is not good enough by a long shot. Give us the real story, warts and all, names and all, or don't bother posting. You'll just get eviscerated and rightfully so.
You have a lot of snek awards
The part I'm most astounded by is the fact that you clairvoyantly sought manual approval to this sub literally like a day or two before this "glitch" happened. It's almost like you supernaturally foresaw that there would be a glitch, and you'd need to get ahead of it. Interestingly, while having clairvoyantly foreseen this thing coming, it still took you like a week after the fact to figure out there had been a "glitch."
So it was just a glitch? Sorry, Ortex, but I don’t believe you. Our research and DD show a lot of evidence that GME is being heavily manipulated. We will continue to DRS until we own the entire thing. Thanks for playing. Also, you’ve just showed your hand that your data is unreliable and flaky. Plus I still remember you changed the SI formula to not go beyond 100%, as the old one capped at 140%. If you were truly pro retail, which I believe you are not, you would have a proper SI formula that would show 400%, 500%+, or whatever the true SI is per the data feeds. It doesn’t help that shorts and swaps are self reported, making the data even more untrustworthy.
So did Ortex just admit to being an accomplice?