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Again, there was a squeeze of regular shorts, and there was zero evidence of any naked shorts covering.
Now with this latest move, zippo again!
What are they waiting for?
Honestly, I'm not sure if there even can be a short squeeze on naked shorts (if there were any). And why wouldn't they just naked short more shares?
Clearly in order to have initiated all these naked shorts and remained undetected, they would have had to have major protection from the DTCC, FINRA , and the SEC.
And who is going to issue the margin call in the first place?
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I find that very unlikely, but we'll see!
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All they are waiting on is the short('s) to cover or for the prime broker to cover on their behalf.
To my understanding, there have always been very few shares of OTC stocks available to short.
And yes, it is odd, but I doubt unprecedented.
There are a lot of people out there that KNOW that the GTII naked short story is a fairy tale. Especially the folks that made it up and pushed it! I couldn't blame them for riding this back under a buck!
If there was going to be a naked short squeeze... there would have been one by now!
What are they waiting for, higher prices? LOL!
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Actually, it does.
This indicates nobody is lending, they are holding. This explains the "lack of shares to short".
Now why do you think so many people want to bet that GTII will have a bull run?
Let's just say that it is hard to view that from a bearish viewpoint!
And yes, i'm long because I know the share count is going to expose something that shorts don't wan't exposed.
Tick Tock......Boom
Actually, no it doesn't!
It just means there are a lot more people that want to short GTII than there are shares available to short!
Now why do you think so many people want to bet that GTII will collapse?
Let's just say that it is hard to view that from a bullish viewpoint!
And no, I'm not short... nor do I short OTC garbage!
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The extreme cost to borrow indicates the exact opposite.
The rapidly dwindling price / volume actually indicates that the P&D is winding down...
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The lack of volume indicates strong hands are holding and not selling.
We are about to find out
I didn't say that! Of course naked shorting is real and does exist!
I just don't believe that it exists in GTII!
I have yet to see anything except baseless speculation... where is the proof?
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Then why even bother applying on Upstream ? So, according to you, there’s no such thing as naked shorting ? Amazing.
It does if one realizes that the naked short fable is BS!
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Application filed for listing on Upstream and the stock price drops. Makes perfect sense.
Great news and also since GTII is a public company already the listing on Blockchain WILL BE EXPEDITED
Let the share count begin!!! $GTII
Global Tech Industries Group, Inc. announces Application for Listing on Blockchain-Powered Securities Exchange, Upstream
New York, NY, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has begun the application process to list its shares on Upstream, a trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
https://www.otcmarkets.com/stock/GTII/news/Global-Tech-Industries-Group-Inc-announces-Application-for-Listing-on-Blockchain-Powered-Securities-Exchange-Upstream?id=380868
https://www.globenewswire.com/news-release/2022/11/18/2559110/0/en/Global-Tech-Industries-Group-Inc-announces-Application-for-Listing-on-Blockchain-Powered-Securities-Exchange-Upstream.html
UH-OH to ALL shorts Step 2 to forcing a real count initiated...also FTD'S piling up again...over 3Mill in coming days
Wrong. Stocks prices go wherever the powers that be WANT them to go. Good news usually sends a stock price into the ground while Hertz’s stock price went up 1,000% the same day they filed bankruptcy. Another stock went up 1,600% in 5 days for absolutely no reason whatsoever. You don’t believe this is a legitimate market, do you ?
Really?
Go for it!
Why does GTII go down everyday?
Because traders are figuring out that they were "had" by the BS naked short fable based P&D!
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"It is from telling the truth! "
I have a very different opinion and can actually prove it as a FACT!
GTII an amazing run .50 to $9
Hope Kramer goes broke!
New to the board AAA,I suggest you do some DD
Unfortunately that appears to be correct...
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A very good question bosman. It is my understanding that if the share count does expose large positions of naked short position(s), the shorting interest(s) will have to start covering. If they don't, the prime broker will be forced to do so on their behalf. This process would start prior to issuing these tokens (if these naked positions exist).
Just my opinion and not trading advice.
$GTII
The question is will GTII squeeze before the token?
Very good question. Prior to current events, I can't speak to anything that would've forced the shorts hand. The share count on the other hand, is a game changer.
GLTA
We will soon find out.
I will be here with a smirk on my face when the NSS lie is fully revealed!
And, of course, I will not be expecting to read "You were absolutely right"... but I will get many PMs saying "I should have listened to you"!
How do I know that? Happens all the time to me!
I have 279 followers... and it isn't from pumping stocks!
It is from telling the truth!
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The $GTII share count will expose any naked short positions (if they do, in fact, exist). It is my opinion that these short positions not only exist, they are multiple times the OS (just my opinion). If these short positions do exist and are exposed, the prime broker will be on the hook to cover. This "theoretical" short position will trigger a massive short squeeze that will rival the 2008 VW squeeze.
Remember, anyone telling you that naked short positions either exist or do not exist are speculating. Personally, I do believe they do exist and I bought the rumor and I plan to sell the news.
Do not trade based on my comments as I am not a financial advisor, this is just my opinion.
GLTA
GTII here is good article by the SEC/LAWYERS about naked shorting. See link below. In quotes is from the article. Enjoy
"What is “Naked” Short Selling?
Naked short selling is unlawfully short selling shares that have neither been borrowed nor located. If sellers are engaged in naked short selling, then the volume of stock may be larger than the tradeable shares in the market, which can lead to sellers failing to deliver securities sold by the settlement date."
https://www.google.com/amp/s/www.natlawreview.com/article/sec-brings-naked-short-selling-case%3famp
Lmaoooo I wonder who ... is
Gtii will squeeze again no worries here
Excellent post Wayne!
Experience has no substitute!
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So .40 to $9 just happened for no reason? From my experience with heavily shorted tickers. The NSS have helpers that would say anything to down play naked shorting.
The more logical conclusion is that the naked short fairy tale was false...
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Well apparently there is no margin issue with naked shorts...
Think about it...
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GTII:
Only when the tide goes out do you discover who's been swimming naked.
Warren Buffett
Correct. It will run again. Gtii
So, 25% short interest on avya at $1.62 with dead volume means A) No one is interested in it, it’s crap and it’s going to 60 cents or B) The float is all bought up, shorties are trapped and it’ll squeeze. The Correct answer is B. Same with gtii.
I think this will go back below two very soon and then may be back to 0.75 I see no volume any more I bought this thing at 0.02 five years ago believe it or not .but if this deal with wild fire come true and close this will be good but short turn will go down .
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$DBMM -1
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
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VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
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