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They probably hacked YouTube to block the livestream.
What happened is the shorts manipulated a Russell rebalance and then arranged to cover by buying the shares from the Russell funds. So the open short interest will decrease accordingly.
Exactly correct.
You have a lot to learn.
You make an excellent point but only by accident: the current AVXL share price at any given time does not reflect anything other than trading manipulation. It has little or no connection to actual value.
Hardly. As for the share price, the past does not necessarily predict the future.
Her employer has cut back on the expense of her fee. Since they are going bankrupt.
Maybe you should now convince yourself to stop worrying that you’ll miss the boat. Which is why you stick around bashing a dozen times per day. Nice life.
You people should look in the mirror. Good luck with your mission. You’ve convinced people to sell app. 500 shares with all of your efforts.
The tail wagging the dog.
“Hasn’t our manipulation convinced you yet of the substance?”
I’m buying the first round at the Citadel BK Party.
Citadel’s traders had to find an open window.
Looks like the wheels are coming off the crooked short bus.
ENOUGH SAID
No chance of that. Citadel is probably the #1 offender. And an exchange cannot prevent naked short selling anyway.
No. ETrade would be sued into oblivion if they did that.
Just what we need. An exchange controlled by the world’s largest asset manager and a crooked hedge fund/market maker.
I have to agree with you on this one.
What does “GG” mean?
There are still tens of millions of them. Any that expire in the money will be exercised by somebody.
Okay, I’m bored now.
I would suggest that those who potentially remain on the hook for 39 million LEAP shares have not learned much.
A lot of people screwed up. And it wasn’t the last time that’ll happen.
Kind of like Melvin Capital won? Still shilling for hedge fund interests, huh Janice? You’ll see. A storm is brewing. It’ll be hedges preying on each other. The apes will just be along for the ride.
Barrons is beholden to the establishment. The premiums on call options goes up due to volatility, not some “tactic” that the mm’s have adopted. They’ve been burned before so they don’t want to write them. As I said, if the hedges/mm’s are able to suppress this by kicking the can down the road (which is what the LEAPS represent from three years ago) they may reduce the damage but still be on the hook for future obligations. The same as the still haven’t paid the Piper yet from last time. If not, they are going to take a big hit.
You can bet that other hedges have figured out what Gill has figured out. And they may be the ones to spring the trap.
Not sure but it’s obvious. He probably did say it but I don’t follow him.
Again, irrelevant. He bought shares and calls to play on the gamma of the LEAPs. Hence the timing of the expirations.
Don’t really understand what that person is claiming, nor do I care. Irrelevant. Doesn’t change the fact that there is huge long call exposure and that is why Keith Gill made this huge specific bet. If the hedges can’t somehow suppress it they are going to get crushed. Which is why JPM and others are going after him.
Do your own due diligence. They are LEAPS, Grandma/Janice.
No, they wrote them three years ago and they expire June 28.
Anyone who believes the SEC on anything related to this subject is kidding themselves. Covering their own ass and protecting their big money overlords.
Yeah, they don’t really care about his long position itself. It’s the JPM’s of the world and the hedge funds (Citadel etc) that stand to lose big money when these squeeze’s happen. The MOASS could come this month due to the gamma effect of tens of millions of call options they wrote three years ago, as Dr. Rugby has noted. Keith Gill is clearly playing that exact scenario with his huge June 21 long call position. Which he apparently recognized a couple of months ago when he bought them.
I don’t recall the precise EMA timeline of processes but others have described it here, such as Investor. There are two “ clock stops” where they can ask for problems to be addressed before accepting or rejecting the application, if I recall.
You and me both.
You can’t sue ETrade for disclosing information that the investor has already publicly announced, I.e., his GME positions.
On another note, ETrade apparently does not dispute his claim of having very large positions.
Investing heavily and then disclosing that fact, or posting memes predicting a rally, is not even remotely illegal. And ETrade knows that. They are looking for a weak excuse to pull a Robinhood trick.
I doubt they will PR the filing or that it would go that high based on that. Acceptance of the application, maybe.
The GME shorts are just digging an even deeper hole for themselves. They are still on the hook for roughly 40m in LEAP option shares that they wrote three years ago trying to save themselves. They expire end of June.
Good call. You’re only off by about 9 1/2 years. Chalk it up to a rounding error.
lol. Such rubbish. Yeah, that’d be a great idea. Shortly after the EMA reviews the data and urges us to submit for full approval we should shut the company down. You are a true business genius.
Yeah, but that’s just mechanics, not the reason for an outlier MOC trade. Nothing persuasive comes to mind. Possibly something to do with the Russell rebalance but it could be any number of things.
There will be fireworks. Assuming they don’t somehow dig an even deeper hole for themselves. Time to pay the piper. Oops.
You’ve apparently already taken a course in propaganda.