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Given the number of them that went bankrupt or closed the past two years he may have been referring to Hedge Funds and their investors...or maybe he meant banks.
Hmmm. Tick Tock!
IMO/NFA
Yes, after close. I don't remember what EST is norm for drop, but it'll be query-able late tonight...certainly before tomorrow's open. Edit: I recall somewhere it being around 7pm'ish...?
2nd Edit: File creation timestamp shows 11pm for NASDAQ list, so NYSE might be roughly the same.
IMO/NFA
LMFAO! Talk about bears not wanting people to see reality and trying to control the narrative! So the astronomically high CTB, HTB for months and months now, no shares to lend, aggressive lender programs trying desperately to find shares, REGSHO listing, institutional buy ins lately, and so on aren't enough clues to what's about to happen??? Good luck all.
Tick Tock!
IMO/NFA
Adam Aron's speech in Phoenix! Woot! Link- Twitter recording of AA
Not great resolution/sound, but we can get the basics.
Tick Tock!
IMO/NFA
You aren't kidding..."Credit Suisse warns of more losses, drawing regulatory attention" at: Reuters Link
and "Credit Suisse posts massive annual loss, CEO describes results as ‘completely unacceptable’" at: CNBC Link
To the tune of $1.5B loss in the last quarter alone...OUCH!
Hmmm. Tick tock.
IMO/NFA
On the threshold list, over 1,000% CTB max, 180M+ shares on loan, DTC over 6, SI of 22+%, 100%util for months, no shares available, and, and, and oh this is getting good...what a nailbiter! Even just compared to the previous mini sneeze it's O.O!
Please pass the popcorn! LOL!
Tick Tock!
IMO/NFA
This just keeps getting better and better for squeeze supporting data. Now AMC back on the RegSHO Threshold Securities...again. Link-NYSE Threshold Securities
Investopedia quotes for Threshold Securities (Link-Investopedia what is the Threshold Securities List?says:
"A threshold list, also known as a Regulation SHO Threshold Security List, is a list of securities whose transactions failed to clear for five consecutive settlement days at a registered clearing agency."
"Regulators review this information as part of their efforts to detect market manipulation."
"Settlement failures may be indicative of improper naked short selling."
Hmmmm.
IMO/NFA
Holy CTB rate Batman! Looks like lenders want their shares back. We might be on to something...Hmmm. LOL!
IMO/NFA
Maybe. I doubt it with all the actions being done...but...there's a mighty big MOASS standing between (and overriding) current status and any fundamental discussions. Too many indicators pointing toward squeezing first. Tick Tock.
IMO/NFA
And when the targeted company does not go bankrupt, then shut down and bankrupt the SHFs and shorts trying to destroy it instead...ESPECIALLY if they use illegal/corrupt/unfair strategies and get caught. Whether by the hands of investors or regulators matters not with the bigger picture.
Sounds like a plan!
IMO/NFA
Fun exercise! If AMC has an average of 1,342,644 FTDs per day I wondered what the average was for other stocks to see just how much of a outlier this particular situation is. So for the month of Jan '23, the average FTDs (on actual trading days that there were FTDs to count, zeros were NOT counted otherwise it'd be even lower results): Amazon averaged 61,078. Apple averaged 16,436. Google averaged 69,962. Microsoft averaged 3,171. All of them combined is 150,647. Which means the AMC FTD delta on average for this situation is almost 9 TIMES bigger PER DAY than those 4 COMBINED.
This is definitely interesting and onto something big. Hmmmm.
Tick Tock!
IMO/NFA
"Short Sellers Down $81 Billion in 2023"...so far...in one month...
"Common and preferred shares of AMC have seen millions of fails to deliver. These failed trades often occur when a short seller sells stock without borrowing it. This is called naked short selling and it’s illegal under federal law."
Hmmmm.
Link-Short Sellers Down $81 Billion in 2023
IMO/NFA
I agree with Bio...things are really interesting, and it's about to get even more so. How about that new FTD data release? Ain't hiding those kinda numbers with an average of 1,342,644 FTDs PER DAY for Jan...so far. LOL! It's a laughable that such a large percentage of the volume is corrupted by the market. It's past due time to correct this problem. Tons of eyes on this one making sure enforcement gets held accountable also.
Ref: Chart Exchange AMC Failure to Delivers link
IMO/NFA
AMC OBV is just a hodling marvel...just WOW!
IMO/NFA
Stockcharts AMC with OBV
"Major Hedge Fund Down 54% — Survival in Doubt". They misspelled "Funds", as in plural, as in multiple.
Article Link-Major Hedge Fund Down 54% — Survival in Doubt
The music stopped, now the scramble starts.
Tick Tock...
IMO/NFA
Very interesting...
Time for accountability. Tick Tock.
IMO/NFA
Great, yet another "investigation" in the big picture. Hmmm. Findings="Just another glitch" I'm sure. /s
ROFL!
IMO/NFA
Visions of someone running into an office screaming, "Halt it! We forgot to turn on the suppression algorithm this morning!"
"Which one of the manipulated do we halt? Just AMC?"
"All of them! Shut them all down! We can't have a free market running around on its own!"
ROFL!
IMO/NFA
Just have to think a little more corruptedly like them. Apparently he only deals with $100's and above. Not a single penny to be found anywhere; so "technically" pennyless... wouldn't suprise me if his lawyers hang their hat on that one. ROFL!
IMO/NFA
If you're bored this weekend, this is a good table top exercise with how it can play out. Archegos mentioned for size comparison after their collapse for failing to meet a margin call; as a reference Bloomberg stated they lost the market $20B in 2 days (over $8B tied directly to banks, and that's only what was admitted to). Now compare to "others" of much greater AUM size to gain perspective of the house of cards. And where's the SEC/FINRA? Hmmm. Jump ahead in video from 52:00 to 60:00.
IMO/NFA
Data verdict is=AMC is MORE LIKELY to squeeze than when it ALREADY HAS in the past per the numbers. History measured against present rated to see if we are on the right path. I luv it!
Video Link=Can AMC Squeeze again?
IMO/NFA
"Robinhood and Citadel Colluded Night Before Trading Restrictions" Article Link-Robinhood and Citadel Colluded Night Before Trading Restrictions
So yeah, that means he lied under oath to Congress; and DTCC is complicit/accessory for covering and waiving, with the NSCC/SEC enforcement idled to help the HFs (imo). Time to end the corruption...hell it's way overdue actually.
IMO/NFA
Tulla- This video was a great disassembly of FINRA and the presentation of fraud on that particular one. The illogic of selling a ton of naked shorts on the market tanking the price right before cutoff (I think I saw 200k FTDs on last day), taking the money with no intention of closing out positions, and having FINRA assist by removing the remaining settlement period preventing any short squeeze should result in prison sentences after the audit if there's any justice left in the world. I'll be watching the court case also to see how they address, rectify, or compensate for the last two days of trading being turned off.
Since the SEC provides oversight of FINRA it'll be an interesting to see what's chosen: Malfeasance, Misfeasance, or Nonfeasance. If the SEC doesn't wake up it doesn't bode well for any future investment in the market...including AMC or any other public company.
Youtube Link-Wade Houston on FINRAFRAUD subject
IMO/NFA
Excellent article, thanks for posting that! It's about time sunshine starts disinfecting corrupt and complicit organizations. FINRA being taken to task is a sign of just how bad it's become.
Time for the "cell" button. For the naked shorts AND the regulators that are complicit and allow its' abuse.
IMO/NFA
What a house of cards soaring to new heights...before the inevitable crash down. Corruption & Crime has a cost and it's overdue for them to be held accountable. In case you're wondering, on max timeframe historically this is not normal. So "something" is off with the market in a monster big kind of way. It smacks of deliberate, strategic manipulation in anticipation of ______. 2009 was just a short blip on the original chart source in comparison. Grabbing the popcorn and watching & waiting & HODLing. Time for enforcement. Tick Tock!
IMO/NFA
FDIC's Systemic Resolution Advisory Committee November meeting posted online and is the average dry governmental meeting...to the average public. I found it full of interesting information and nuggets of quotes/processes. It's long (of course), but can be viewed here: Video Link-FDIC SRAC Meeting
Some takeaways:
1. At 1:35:10 Speaker had some good concerns about early warning.
2. At 1:43:30 "Large banks will fail due to liquidity." Which leads to draws on Deposit Insurance Fund (DIF), but to paraphrase he's saying they have the money to pay us for failures even if members don't. (Which was later contradicted/restrained later in 3rd session.)
3. "No minimum loss absorbency requirement." And the earlier comment about that being "by design".
4. "CCPs themselves have robust loss met waterfalls as part of their rulebooks, particularly with respect to managing clearing manager defaults. But we need to plan for and prepare for a situation where these resources are significantly depleted or even exhausted by the time FDIC is appointed as receiver. We wouldn't want a scenario where if recovery failed, resolution would also fail."
5. At 2:42:00 The 5 steps for resolving member defaults: a. Prepositioned resources of the defaulting member (buy-in), b. Mutualize losses with prefunded default fund for all members, c. Cash Calls of remaining members, d. Haircut the margins, e. Tear up some or all derivative contracts.
6. Question remains of whether cash call is funded by percentage or flat-rate of each member.
7. Cash call resistance by member=member default. Which can compound problem that cash call was initiated for to resolve.
8. Need for constant exercise to not just show ability to address past problems, but to develop coordination/process in anticipation of fighting the next battle...preferably proactively rather than reactively.
Maybe someone else will find this as interesting and informative as I did...
IMO/NFA
"Box Office: ‘Avatar: The Way of Water’ Rules Over New Year’s, Global Gross Hits $1.38 Billion"
Link to Variety Article=Global Gross Hits $1.38 Billion
Tick Tock.
IMO/NFA
On the subject of FTDs... Amazon+Apple+Berkshire Hathaway+Google+Microsoft=201,513 VERSUS AMC=7.1+Million. 8.7M overall for 2 week period. And that's just the first half of December! Hmmm...
Article Link="Latest Data: APE Fails to Deliver Hit 7.1 Million"
IMO/NFA
"‘Avatar: The Way Of Water’ Tops $1B Global"-Nancy Tartaglione for Deadline.com
Article link=Avatar Tops $1B in 14 days!
Hmmmm. I guess the restaurant industry is NOT dead because everyone has a kitchen at home! HAH!
IMO/NFA
CTB of 208%!?! Minimum. And that's -IF- you can find any... Oh yeah, something's about to break loose.
IMO/NFA
What does short desperation look like? 100-104.5+% fee...AND THEY ARE STILL BEING BORROWED!
Hmmmm.
IMO/NFA
Big rs VOTE coming. There, fixed that for you. You're welcome.
IMO/NFA
Just (another) huge equity raise for the company, debt buydown, and a couple of proposals to consider...
IMO/NFA
Yup. Halted after 44 seconds. Here comes the volatility to shake shorts and weak hands.
Halts can be queried at: https://www.nasdaqtrader.com/Trader.aspx?id=TradingHaltSearch
IMO/NFA
Anyone able to make it into the SEC's "open" webcast??? Rescheduled and delayed an hour and seems they forgot to turn on the video feed...?
IMO/NFA
Tomorrows SEC agenda is looking really good...finally(?) Hopefully regulators can actually put their foot down and force the changes that need to happen despite all the whining and complaining that is bound to happen from abusers. Shut down darkpools frontrunning and hiding orders from the open market and get transparency first for everyone.
https://www.sec.gov/os/agenda-open-12142022
Open Meeting Agenda - December 14, 2022
So Fed rate change and SEC open meeting for Wed...
IMO/NFA
Highlandernew, only time will tell the answer to that question now.
I hope we don't get to the point where there is zero confidence in the market by both investors and the companies that list their shares, but... O.O!
IMO/NFA
Highlandernew, I know that if I was one of those 335 holder that thought for a sec they were getting 8 QUADRILLION tokens that were supposedly backed 1 for 1 with real company shares because me and 334 others were just first to the party to snag them (possibly even suspecting because of someone else's mistake); only to find out they are worthless and are NOT backed in any way with real shares..... well, I'd probably be one of 335 really, really pissed off people right now. --Unless-- the plan was only to use them as locates for short shares to dump onto the market and dumping responsibility when it's found out there really isn't 8 QUADRILLION shares to back the token. Hmmm.
I'm sure all the details will come out in the wash of court, hearings, questionings, interviews, interrogations, etc. But wow, some heavy hitters and some big numbers are involved in what SBF was manipulating...for who/whom(?)...that's among the questions.
IMO/NFA