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So you think Prime Brokers “buy in” major funds in stocks like TSLA and KODK and GME.... but won’t buyin this crook? Wrong. The minute this guy runs out of money and stops paying.....the prime Broker will cover “fix the error” and buy him in. That is a fact.
The SEC does not enforce settlement and it does not matter the exchange. They are useless. If they did, $GME would be $100 right now.
Bottom line is when these squeezes happen, it’s because they ran out of money......and the Prime Brokers buys them in.
Hey Greek. Saw you message. Never really check iHub. But if I think about it I will. The private message deal is 4-5....is that PST, or EST?
Good post. And all true. Also don’t forget that this short has to pay the Prime Broker every month to carry the position. It’s called “cost to carry” and it’s about 75k a month.
He does not get that money back until he buys back in. So 18 months multiplied by 75k... do the math.
Now add the margin money and the fact that he is down over 4 points on nearly 2 mil shares. Ouch.
Follow buyins.net on twitter. He gets data directly from SEC approved data from exchanges.
FingerMotion $FNGR Financial News https://t.co/409BRQWJc3 SMS/PAYMENT/BIG DATA for 2 largest mobile @ChinaUnicomGlob & #ChinaMobile A #shortsqueeze started at $3.11. https://t.co/qkjNw6mS0d Report https://t.co/cajTlUqgF3 Deck https://t.co/iGbyrT3c1T Site https://t.co/vvCfIUHlpm pic.twitter.com/JmBImQPqW2
— BUYINS.NET (@buyinsnet) October 19, 2020
Did shorts cover in KODK. Or WEI? Stock went from .85 to 14 yesterday. That is a short getting “bought in”. When this guy runs out of cash to cover his margin...prime broker will buy him in. FACT. Any other questions just ask.
I have about 15 buddies at Boeing (Lazy B) who own this. They all have been crying for months. Lol. Remember, this short has not covered a share.....
Lol. Yup. Remember, this short has not covered a share.
Wrong in this situation. Short is down 15+ million. He will fold and prime broker will be forced to cover soon. IMO.
Nice. I know nwbo too. Lol.
Had another buddy who is a trader in LA call me tonight.....got a call today about FNGR gonna squeeze because short is trapped. Lol. These are guy who will buy when the stock is $10. Guys love a squeeze.
YOU CANT FIGHT THE STREET. Remember that.
If you have 1k. Have GTC orders all over. 100 shares a clip. Space out all over. 1.8mil to cover.
Heather, it’s impossible to pick the top. Because other shorts will jump in and get trampled as well. Domino effect. Just have offers out there. You can always change them
These losses are getting massive. And you can tell by the 100 share markdowns from 7.70 down to 7.40. Who does that? If this guy can’t put up margin money, the Prime Broker will buy him in in a second.
Trust me word is getting around. Even at higher prices and we are seeing record volume.
Spoke with a few brokers today in Chicago and NY. Word is getting out on the street that this short is trapped.
You can’t fight the street. This crook won’t last much longer.
Just so you know, the Prime Broker is not in business to lose $$. They will raise this guys margin to protect the firm. This guy will walk away from trade when they do that.
Short is now almost 1.9 mil. With avg price about $3.15. Documented from Buyins.net.
Down over $4 dollars. Plus margin to prime broker and the cost to carry. Down over 15 million.
Calm be storm
Ha I know, it’s my wife grandpa name. All the Greeks in family clown on me cause I say it wrong.
Back to FNGR yesterday the naked short sold 39k out of the 66k that traded. This is an insane number. And better yet the VWAP or average price for yesterday was $5.80. This guy is in deep trouble.
Is your name Papou?
Zero sympathy. Can’t wait to find out who short is. Heard some high level people are doing some digging. Won’t take much in this stock. So thinly traded. All they have to do is look at The Sell tickets.
Agree. But I don’t think this short is that smart.
I didn’t explain it well. But yes SPI would have went to 300 in a fair market if their was no counterfeit shares being sold.
But shorts were getting trampled all the way up. Guys were short at $10 then it got halted and opened up at $15. So they had to cover. Then guys shorted Into their cover....then it halted and gapped up again so they folded and had to cover. It created a domino effect. So impossible to know how high it goes.
Get what I’m saying?
Crooks like Ken griffin from Citadel sells counterfeit (naked short) into all the covering. Sell it short at $40 and now it’s $7. Lol. Criminal. Also notice the company did a raise the following day? Wall st knew that was coming.
The cardinal rule on Wall St...if you have an “error” you clean it up immediately. Ask anyone you know on Wall St. I know several. If you are short, you cover. If you are long you sell.
You do not try and trade out of it or settle it in a week or a month. You fix it IMMEDIATELY. And that is exactly what will happen when this short folds. The prime broker will clean up his mess.
Look at SPI recent squeeze. Went from $3-$47. It traded around 350 mil shares the day it squeezed. There is only 18mil shares in the entire company, not even sure how many are in the float. How does that happen? Lol and SEC doesn’t see anything odd about that? When FNGR short folds, I see something similar taking place.
Now this guy is a savvy investor and understands the market, just like the poster Lofdogger. when a “buy-in” happens, it happens fast. The Prime broker will Buy in this Crooks 1.7 mil shares in the blink of an eye. No hesitation.....they just put in the order. Trust me, my friends have executed these orders. This short is in deep trouble, and down roughly 9mil currently.
How long until he folds?
Well the 3.5k offer at$5.25 near the close was taken out pretty quick. Short Only down another 400k today. Lol. Story is getting around the Street FAST that this guy is trapped.
You never know. Too many factors. Mine, and what I’ve advised all my friends is to have them all over. Always make a sale is how I was taught. And I was taught by one of the best.
You can always jump in and change them.
But should always have orders out. If guy folds and gets “bought in” this thing could spike while you are taking a dump.
And yes I have a short fuse. Lol. I think you are the one who said that.
Actually I’m pretty sure it was only 2600 shares if I remember correctly. Always use limit orders when buying.
Yes it is Lofdog. For arguments sake let’s just say somehow the short has covered half (which I don’t believe) He still would have near 900k to cover. It’s still impossible to cover with this small float. There is a very sophisticated crew that has been accumulating. And they know he is trapped.
FYI. Market maker ARCA is offering 125 shares at $4.74. You can’t see it. Only market makers can see it. Hence why my buddy just tried to buy 500 at $4.80 and they sold it to him at $4.72.
They shorted it all to him. Understand?
They keep crying? Lol. Pretty sure everybody is in the black. If you thinks something seems “fishy” about the short.....you aren’t very bright. It’s blatantly obvious if you watch the trading.
Unless of course, you are the short?
Statistically impossible? How did this happen honey. https://www.bloomberg.com/opinion/articles/2017-02-17/dole-food-had-too-many-shares
I DIrect messaged the guy on twitter to post the data from Buyins.net. He will shortly.
Look at the short volume every day. It adds up to over 1.6million. The short has not bought back a single share.
OTC short report. He posts it all the time.
You are a moron. He has posted it daily for 1.5 years. 1.6 mil short and counting. Are you the short? Congrats we have been waiting for you. Welcome to the party
88% buy rating. This thing looks ready to explode. https://www.barchart.com/stocks/quotes/FNGR/opinion
Shorty was panicking end of day over 12 cents. LoL. 12 cents 1.3 mil short equals -180k.