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Taylor Swift is an Ape! She is hanging in AMC corporate territory. Damn glad I’m not short sure would not want the Swift effect against me.
Remember to exercise your options when they take away the buy button. Bury the shorts! Pass it along we need everyone to realize this action would have made the squeeze happen when we ran to $72.00 chump change we could have had the real squeeze then in the thousands!
Still here don’t care when but I will be here when it comes 13,100 shares and counting oh yeah and the apes they gave me got them too been here since $2.00 been since $72.00 never sold a share. I will some day when they beg me to make it stop.
We’re about to be stupid rich!
Sounds like a great deal I think they need to short it some more and see if that helps! You cannot make this shit up.
Does the interest vary day to day for shorts? Or does it stay the same through the trade. So if you short and it’s 350% that day then it goes to 700% the next does it stay at 350% for you till that trade is closed? I hope the question makes sense. These are just examples of interest rates and have nothing to do with anything.
Man that’s a great interest rate! Do you think I could refinance my house for that? Haha my house is paid for. Who the hell could afford those interest rates on anything?
Citadel found a very sneaky way of Naked Shorting AMC!
Enough Said!
Wink Wink! No Squeeze hahaha I see what your doing.
Hang in there! We are all feeling it but if you sale now you will wished later you didn’t. Things are happening now I think we will see some movement upwards very soon.
Seems like there may not be any kind of ledger to keep shorts in check! What do they do just call they’re buddy and say do you have any shares I can borrow and then the buddy says yes how many do you need and he just says yes and moves on then someone else calls and says hey you got any shares I can borrow and he just loans them out again and again. They have all determined that 3 to 5% is a acceptable amount to allow pensions or investors to make a year so they can rape everyone for double digit returns as they act like 3 to 5% is a great return on our hard earned money.
AMC long is the way to go! Gonna be Richer very soon! Hate to see anyone left behind.
AMC up 2.1% doing great! I’m buying and holding buying more!
AMC is doing great I just keep buying and holding and buying more!
I’m curious if we could simply do a records request to SEC, DTCC, Etc. Requesting information of shares outstanding, shorted, FTD’s etc. I don’t know if anyone has thought of this method to find out as much as we could. May have to request information for a certain date I don’t know. Typically government has a method for open record request from the public.
Everyone that has APE & AMC Tokens should request shares if possible from FTX or other sources this would cause massive buying pressure.
Everyone that has APE & AMC Tokens should request shares if possible from FTX or other sources this would cause massive buying pressure.
They don’t care now that the election is over. They are going to let it fall like a house of cards. They don’t need us again for 2 years now we take the screwing from the politicians.
I’m thinking today was the last run for the market before the crash! There is always a rally before things get real bad.
Prepare to be electrocuted!
Drop it to $2.50 and I will buy 100,000.00 shares. That would be a huge mistake on SHF’s
E*Trade has posted APE shares in my portfolio I appear to have 11,605 shares of each AMC and Ape in that account. I have AMC in cash app also and it has not posted any APE shares yet. No value is showing up just quantity on APE shares .
If they are so blatant can’t they just make synthetic APE’s I’m asking not trying to stir the pot.
I don’t care if they don’t have the money or not. It’s not my problem they would not be concerned one but if we didn’t have the money they would eventually squeeze us out of our homes to get there’s.
Gollums Thanks for the message agreed 100%
It doesn’t seem that the split or dividend has helped GME. The only thing that could make a difference is time and interest those 2 things will get to anyone that is having to pay. It doesn’t cost me anything to hold. I have never sold only bought more and I started at $2.00 so if you know you know how long ago that’s been. I could have made a lot of money had I played it but I’m in it with everyone that wants to make it change.
Credit to u/no1important_4real Reddit
The C35 cycle married to borrows
**PRIMER**:
There are five topics that need to be covered and understood about the process I'm about to lay out:
1. C35
2. T6
3. Borrows
4. OPEX
**C35**:
C35 is an abbreviation for a 35 day calendar timer. As part of RegSHO, when a clearing agency has a position that is failed to deliver, they have 35 days to force the participant to close that position (once all restrictions have been removed) [https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204) section (a) (2)
Those unspecified restrictions are options, speculatively, the shorts use cheap options as an excuse to mark their shares as restricted. "I promise I'll pay you, but I can't because these damn options don't expire until March". We'll cover that more under OPEX.
When a C35 timer starts it's important to understand that there are 35 calendar days, not trading days, until the shares are due. The shares must be purchased BEFORE that date. C35 results from the sale of a share that the participant is supposed to already own, which is why it comes from the option trades failing, they were claiming to own them, but oh no, their options expired OTM.
**T6:**
T6 is a timer for market makers and is actually two timers back to back. Firstly is the Settlement Period, which is T+2 ([https://www.investor.gov/introduction-investing/investing-basics/glossary/settling-securities-transactions-t2](https://www.investor.gov/introduction-investing/investing-basics/glossary/settling-securities-transactions-t2)) and means two days after the trade date. After the T2 period the share becomes failed, and the second timer starts, which is [https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204) section (a) (3). They have until opening bell on the third day AFTER being marked as failed (which happens at the end two days after the share was shorted). If share is purchased Monday mid day, they have until close Wednesday or else be marked FTD, then they have until open on the next Monday to close that. In total, T6 gives the market maker 4 days and some change to get ahold of the shares they need.
**Borrows:**
Once a share is shorted by a market maker (MM) and the T6 timer starts, they have to settle it by either buying a share on the market, or borrowing on. Borrowing is where the naked part enters. If they bought, then we'd have parity on the market, but since they borrow, they effectively synthesize a share. See: [https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204) (e) (1), which means the borrow counts as just as good as buying. However, a borrowed share can only be borrowed once. The DTCC will then mark the borrowed share as being borrowed, and it cannot be borrowed again until it is cleared. (For a deeper dive on this topic and naked shorting, please see this blog: [https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)). For a share to be marked as returned, first the participant (the market maker) has to return it, then the NSCC (part of the DTCC) processes the trade, and once cleared will notify the loaner that they can now loan their share again. The Market Maker needs these borrows returned ASAP so they can borrow them again, to keep the metaphorical ball in the air. They (speculative) do this with the C35 option loophole mentioned above. They will purchase a cheap junk option, synthesize a share, and when asked "where's the money Lebowski?" they get to point to their shit option pending. The real important part to remember, borrows are the whole thing that makes their shorting work. Without borrows, they only have a T6, with borrows, they get a C35.
**OPEX:**
OPEX stands for Option Expiration and they're planned events on the market: [https://www.marketwatch.com/tools/options-expiration-calendar](https://www.marketwatch.com/tools/options-expiration-calendar). The MM load up on options for these OPEX dates, as mentioned above. Once the OPEX happens, the MM is left with their C35. As mentioned before, a C35 can be closed with a buy, a borrow, or another option purchase. This is where we get into the infinite cycle, where shorts can just short forever, running up more and more debt.
**An End To All Things:**
The US market is crashing, and with it goes capital (money). For the C35 marry-go-round to work you need money, lots of money. Borrowing costs money and buying options costs money. For a long time, there was so much money coming in that the nominal costs of maintaining GME was easier than closing positions. What's 300M a month in lost rev when you're making that much a day? But now that the market is shrinking, profits are also shrinking. Market crashes, especially one as bad as what we're looking at, are difficult to survive in and of themselves for finance firms, do that with a anchor around your neck like GME and see what happens. Adding onto all of it is Direct Registered Shares. As Apes register more shares, they reduce that pool of shares the NSCC has to loan out. It doesn't matter if Blackrock says they have 130million shares of GME, the NSCC has to match an actual certificate to the borrow, and that number is getting smaller and smaller by the day. What that is doing is creating a more and more significant gap in loanable shares becoming available. It's something I call The Borrow Cycle.
**The Borrow Cycle:**
Beginning with the market crash at the start of the year and coincide with DRS passing 25% of the float, a trend started appearing with share borrowing. Every 40 days roughly, the lit market (iborrow, fidelity, everyone else) would just plain run out of shares to loan. Those shares are for retail, but someone was gobbling them all up. That caused interest rates to climb until whomever was gobbling calmed the fuck down. Well, what was happening was Citadel the MM was needing shares, but couldn't find any. Most of their borrows are negotiated in back room deals, called Over The Counter (OTC). The OTC borrows weren't enough, so they had no choice but to start sucking up retail borrows, something they've done many times before, after-all, they'll borrow from wherever they can get the best deal. But a trend started where shares would hit 0 or near zero and stay there for days, something that had never happened before. Rates would slowly climb, then things would settle down. And then it happened again about 40 trading days later. It was the first time we could visibly see The Borrow Cycle. It must take around 40 days (not exact) for the borrowing cycle to process, between the share being borrowed, returned, and the NSCC clearing it. Using that pattern I was able to predict this last borrow cycle, and it was even worse than the one before. Each borrow cycle seems to have greater and greater demand for shares.
**Mapping:**
Here is a map of this year so far. GME's price is the chart, with the rainbow vertical highlights being OPEX dates and their C35 times. Within each C35 I marked a date (with a dotted line) where, seemingly, covering occurred. More on that later. I also marked the borrow cycles with white highlights, where shares available will be at their lowest, and you can see where these events all overlap.
https://preview.redd.it/rjuagebftf791.png?width=1407&format=png&auto=webp&s=1d84802c281becc726adb3971a306e78ae164cda
At the end of each white highlighted area is when the borrows become available again, and with the most shares available, you'll have maximum power to short and settle your C35s buy either buying or borrowing. Buying would need to be counter balanced with shorting to stop price runs.
**BREAK DOWN/EXPLAINER**
**Jan**
The Jan OPEX had just over 400k options (40M shares) go into C35, which is a massive demand, yet the price didn't seem to just too much. This OPEX window opened pretty much right as a borrow cycle was ending, meaning there would be a flood of millions of shares available to short, and also lots of time to settle the C35 with options, despite that, there did seem to be two periods where the shorts did seem to close some positions. This is a "typical" cycle and is only barely visible on the retail borrow volumes, this is how the MMs want OPEX C35s to go.
**Feb**
In Feb there was the exact opposite situation, while the 92k OPEX was much smaller, it started late in the borrow cycle, with fewer shares available to borrow. They opted to close their positions at the start of the next cycle. I don't think they expected this borrow cycle to be as dry as it was though, I think they expected DRS to be killing their pool so completely. In the days leading up to the reset of the borrows, they needed to purchase or borrow as many as 9M shares, and I think at the last second they decided to buy some of those. On March 18th and 21st the MM purchased more shares than they sold, which is visible with Short Volume ([https://www.reddit.com/r/Superstonk/comments/oq44j1/understanding\_volume\_how\_and\_why\_shf\_are\_bleeding/](https://www.reddit.com/r/Superstonk/comments/oq44j1/understanding_volume_how_and_why_shf_are_bleeding/)). The price also run on those two days and volume spiked out of seemingly nowhere. That's because shorts were closing some of their positions, worried about the lack of borrows, as such the price ran. By my estimations in that time they only closed half a million shorts or less, but see how far the price ran. Then, on March 22nd it would be 4 days until borrowable shares would be available again. Ken was probably on the phone trying to find out just when and how many, because on that day MM behavior returned to normal. T6 gives them 4-5 days to borrow or buy the shares, and they only needed 4 because the shares started returning on the 4th day. They still must of done some buying, but only as much as was necessary and then attempted to regain control by hammering the price back down.
**Mar**
If the hedgies were going to crash the price, they'd have to close out this OPEX while borrows were available. The closed it out right at the start in one single buying spree, borrowing the rest they needed for the remainder of the borrow cycle. That was probably their intention all along but just didn't expect the end of the Feb cycle to be as dry as it was.
**Apr**
The April OPEX was the smallest one, only a maximum of 4.6M shares needed. That small of a number was able to be borrowed early, but seemingly there was some last minute buying done at the very end, maybe someone forgot to carry the 1.
**May**
May was a fun cycle. The borrow cycle took 46 days to finish, instead of the usual 40. During this time the borrow fee went to 100% on iborrow. I have no idea why it went long. The shares started disappearing like clockwork exactly 40 days after they started disappearing last cycle, but for some reason went an entire week longer before new fresh shares returned. Very probably, the shares started returning OTC before on retail exchanges, and simply demand was so high that retail exchanges continued being drained while OTC availability ramped up. Regardless, on May 25th buying started to settle the maximum 12M shares needed, seeing a huge volume spike for two days and price climb. If there were borrows OTC, they weren't nearly enough to satisfy demand for several days, even with T6.
**The Important Part**
So OPEX getting settled at the start of a borrow cycle might be neat, but not really valuable, except for what comes next. This OPEX cycle that just started on June 18th, is 224k expirations, for a maximum of 22M shares that MM are on the hook for. The OPEX cycle also ends either with, or in the middle of, a borrow cycle. Borrow cycles are getting increasingly powerful, OPEX is getting large, and the timing on this cycle is damn near perfect. The only thing I can think of is, boy, it sure would be a shame if someone announced a stock dividend split right around the end of OPEX when there was pretty much no shares to borrow, a high need for shares to borrow to settle OPEX, and a market desperately looking for a growth stock...
Shits going to get real for some midgets! Keep you eyes wide open it’s happening again prepare yourselves this one is going to make 2008 look like a weekend retreat. Stacking cash waiting for the crash which is upon us.
I have seen comments that AA bought back several hundred thousands shares. I have not verified myself. I just wonder if his sons sold I think they had 250k shares each also.
You know if Pelosi is in AMC then it’s going parabolic. Don’t worry!
Haha damn right I’m not selling! Max pain HF’s
Hahaha No!! They cannot cover or close they’re position because there is not enough shares to do so.
It’s been working for them until now! The game has changed.
Absolutely without the movement AMC would be in bankruptcy now! No doubt in my mind the HF’s would have destroyed them.
Maybe if he can get refinanced under different terms as they are doing now just maybe they will agree to allow a dividend. AA needs the movement and the army behind it as many will abandon the company after the squeeze. But I truly believe a lot of people will support the company after the squeeze. If it never squeezes they may be in trouble again if they loose the support of the movement.
Cannot issue more shares without shareholder approval. AA knows it’s a waste of time to even ask right now. The squeeze will have to be done before he gets approval.
Serious question has anyone just called they’re broker and ask how many total shares they have for AMC sold or held total? I wonder if they would answer? Sometimes we make things more difficult than they need to be. But then again they may just say they cannot release that info or the contact simple may not know.
Stansberry is a joke just like Motley Fool.
We have delayed the Moass for more favorable tax bracket percentage. The end of January thru February. Don’t worry grass hopper it’s coming and when it does you will be picking your jaw off the floor.
They will not reverse split for sure. AMC would have to have share holder approval to reverse split. There is nothing anyone can do outside of AMC to cause a reverse split that is up to the company and share holders to decide. I don’t trust the government either and they will screw the majority to keep from destroying the country while the top get paid handsomely. That’s probably what will end up happening they will give black rock trillions to make it go away as much as possible. I think black rock has been doing government dirty work so that if they do get caught they will have someone to throw under the bus.
I believe we will get paid but they will probably manipulate it back from how bad it should be.
I don’t think it will be a question of if they have to pay in a bankruptcy situation the DTCC and Insurance would kick in. My question is since they are handling so many aspects of a transaction couldn’t they just dump the bucket they hold and no one would be the wiser. If they processed out of house then I think they are stuck but if they keep track of what’s out there and handle so much of the transaction in house couldn’t they just wash them out. No one knows how many synthetic shares there really are except who???? I understand if they have sold retail and others more shares than are available above the float I’m just speaking on the shares they maintain all processed by themselves.