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Exactly!! IMO this is why they will let them go bankrupt as they are the ones that got themselves in too deep.
Someone has to be held accountable.
Bottom line... HOLD YOUR SHARES...Now not an issue for anyone who has been here and followed the amazing people involved with PHIL.
But for anyone new feel free to do what you wish but in my opinion this is going to be amazing.
There was a moment and I can't remember the question asked but Gary's only answer was some thing like... It's crossing the line or going to far and he wouldn't say anymore while there was a lengthy awkward pause before moving the camera back to the person asking questions.
I'd have to go back and look but pretty sure the question was (in a round about way) about undercutting the ask and the naked short selling.
Not directly, which you can imagine because at the point of the meeting would be speculation. Here you can see some key points that he mentioned:
https://www.msn.com/en-us/money/markets/sec-chief-gary-gensler-says-7-factors-were-behind-the-gamestop-frenzy-and-rules-may-need-to-be-updated-to-address-new-market-dynamics/ar-BB1gqxRk?ocid=uxbndlbing
They postponed that meeting until the 13th I believe. Unless they will vote on the 002 without the meeting idk.
But with that said it's speculated that a lot is going on in the background.
IMO they will allow CDEL to burn and other mm's and brokers will pick up the slack.
What does this mean. CDEL will go bankrupt when they engage computers to cover all the naked shorted shares. Prices of stocks involved will skyrocket.
It's really the only solution. CDEL is in too deep and this has been extremely watched by everyone. Not only in the U.S but around the world. If they don't hold someone accountable our market will be doomed and economy will crash.
Think about this: We are only a few weeks away from what is suppose to be filings that will reveal buyback numbers, revenue, etc.
Even if it were to be in June...
Personally I believe Henry already has all the shares he wants.
We discussed this late last night a bit but say he has 15 -18b. We have done some math here and EASILY have the remainder of the o/s
How is it CDEL and other have billions of shares?
My guess...CDEL did not figure a buyback would happen and has been naked shorting this since January. Just like meme stocks.
Just my opinion and a thought.
For sure... not always a bad thing when retail is aware. The problem comes when so many new traders etc are just going with the flow.
I just don't like the naked shorting. Not to forget to mention it's illegal.
Unlike normal shorting naked shorting is not documented. Like in meme stock they simply magically create a share "synthetic" with the intention of buying a share at a lower price to make up for it.
Totally agree! PHIL will be something of a lifetime. However, we are going to be in for a ride before we get to that level IMO of course.
This guy isn't going anywhere. Have a couple million locked in for past my lifetime.
Perfect! We need to HOLD more now than ever. It's quite obvious with some weird posts here something is about to pop with PHIL.
There was never a doubt so many of us will HOLD.
$$ Philsters are awesome $$
Your right there is a good chance CDEL gets anyones order because CDEL is probably naked shorting, buying forward, and getting paid routing.
Plus, CDEL will buy out other brokers to control the bid and ask so they can swoop shares under the ask as to not effect pps.
If we want to continue here about this it's all fine to me.
$$$ PHIL $$$
If you have the ability ( for anyone ) Look at a 15min chart and the MACD plus RSI. Plus, if you switch to 1hr chart you see where this will go if pps increases. A MACD cross.
On PHIL I like to use 15min ..With that said, if this runs tomorrow we can expect a high of .0037 at best and a pull back. My guess 0035.
It's a plot to get people excited and then deflate you when it tanks.
Look when we were trading at 29's today... It really didn't have much choice but to go up. Sure could have dipped a little more but to me the results being searched for wasn't there so... why make things worst by bringing any further down, instead try bringing it back up.
Just my opinion.
Im just heavily invested in the meme stocks and CDEL is a matter of topic in many ways. To my knowledge they aren't in the market to make transactions for buybacks etc.
Plus like I've stated many of times here CDEL was fined last year and given a cease and desist for manipulate conduct. A fine of likes was brought up in the hearing today.
CDEL is one of those that consider a fine as a cost of doing business. Gary Gensler address a question to him today about such activity and his only response was basically it's crossing the line. That speaks volumes to me and means CDEL is in trouble.
I screen shot it. Will look into that option.
Exactly!! I've never seen such a thing either. Obviously I can not say for sure it's CDEL but they are the ones in hot water so...make your own decision.
When filings come out and we know more.... Oh boy this is going to explode much larger than we expect.
I'm pumped!!!
Yea Idk just wanted to get the info out there and let others make their own decisions.
For many of us holding was ALWAYS in play.
Obviously, people will do what they want but what I'm trying to say is HOLD your shares.
Don't let anything provoke you to sell including PPS until you are ready to sell.
It could be very similar just not as big. Could be...by all means I have no way to prove such a thing. Just know things aren't adding up. Something is going on.
The same happens when they bring the price too far down. We have seen the increase in buying as it hits in the 20's people begin to buy more not sell.
That's the issue...Philsters aren't selling they are buying when the price goes up. Plus, more people are getting involved and adding to positions.
This just increasing the depth of hot water they get into.
If they price goes too high they lose too much money on short positions.
So instead they bring the price up and drop it rapidly trying to provoke sells but it hasn't worked.
PHIL and my educated opinion. Obviously we all know what is going on with the meme stocks and synthetic shares etc. Which are generated when the stock is shorted. Something particular brokers etc are known for.
IMO Henry did NOT make any kind of deal with CDEL to buy back shares from them. It's a long story.
Why is CDEL holding 8 bil. shares and buying out other brokers?
Next, there is around 25b o/s we have already calculated with an easy min. amount retail hold of over 4b and that is ridiculously low because one can speculate probably 60% of share holders aren't even in that figure.
Henry wanted to buyback 15b or more as needed. IMO he already has them. Do the math... If brokers are holding the shares showing on charts others have put forth, it's just not adding up.
In summary... We are in the same boat as the meme stocks and hold shorted shares CDEL wants back. Thinking that PHIL would NOT do a buyback they got themselves into hot water just like so many other stocks they did this with. WHAT CDEL DIDN'T EXPECT WAS PHILSTERS TO HOLD SO TIGHTLY.
Again, just my opinion. Didn't say anything because this board likes facts and this has no way of being tracked that I'm aware of. However, something I feel should be considered.
99% chance that is a member of CDEL ... It's a huge huge and conplex issue to try and explain, for me anyway.
But understanding that CDEL has so many of PHIL shares... should tell the story.
So lets see what happens tomorrow because as we all know, those market makers watch these boards.
With what was just said, IMO cdel will allow orders to flow freely and the pps will rise.
Guess what... They are getting to a point that they don't have much of a choice.
Wow you have been doing your homework. I have to take some notes here because I need to do a cpl of these yet. :)
On another note... speaking of visualization. I'm a true believer of a dream board. Made one several years ago and noticed recently I've nearly achieve everything I had posted.
A new one with new goals would be highly beneficial.
Keeps me focused.
One of my most important pieces of advice to people:
What are you doing today so that tomorrow is better than yesterday.
Oh man! Now you're thinking. That would be sweet.
MACD Looks go though going forward. Yes yes GREEN today !! $$ Go Phil $$
Oh yes he had the mask on. Talked about something I had mentioned before about a fine CDEL received last year ( similar ) How these market makers just add in a fine as a matter of doing business.
Week after week, month after month, etc. They won't stop just pay the fine and move on.
You watch Gensler put a hault to that b.s.
We can only hope.
Ah PHIL green today :)
Gensler has mentioned the fraud and manipulation, etc of short selling like 4 or 5 different times now to those asking questions, he certainly doesn't like the manipulation thing.. IMO just another reason we will see that 002 pass tomorrow.
I'll have to go back and see What Green said I don't recall now lol
For sure. You can tell which ones are probably paid off lol But I like that Gary Gensler. He's going to be very good for retail investors.
You notice how much they talk about most trades going through one central location and how bad that is for investors. Their talking about CDEL. Gensler hates the fact it's not spread out more giving retail a better price etc.
All of this will be good for PHIL in the future and all of us traders and investors.
Have some time check out the Virtual Hearing
Morning! Hopefully we see lots of green here today.
I knew you would say something... hahaha ... It's an old timer thing. Idk my parents used it all the time and sort of followed through. Think it comes from 60's or 70's show.
It's and emergency slang I guess. lol too funny
Honestly, One would think all of it has to pass the NSCC - 801 passed with no objections.
Quite honestly they are left no choice but to hold someone responsible.
Without these rules being put into place and people held accountable our market will take a huge blow and become unreliable.
In many eyes of people of power and wealth this would create another recession.
Heads are going to roll !! The real big guys don't care about a few hedge fund power grabs and whether or not they go broke.
Big win for retail investors.
Virtual Hearing should be interesting today too.
Who wins or loses when short sellers, social media, and retail investors collide
Exactly! I try to find things that keep the inspiration when I'm not trading. Goals, preparation, etc.
Would be curious how many Philsters here are actually prepared for a HUGE increase in wealth.
One would think it should be easy but how many go broke after winning a states lotto... Way too many.
Having a plan helps control over spending.
Oddly enough what you just said is what makes this so much fun. If it was easy, everyone would be doing this. It's not easy to wait out the ups and downs, control the flow of different emotions, and like you say hold strong.
One always has to remember being part of something like PHIL doesn't come around too many times in ones lifetime.
SMH not much sleep this week huh? Too much PHIL excitement? lol
Yea I would have been totally lost. I'm not much of a television fan. Very rarely have mine on. Don't know or care about actors, celebrities, etc.
It's all drama... I'm a yooper ... we live differently. Well some of us do anyway.
CDEL will be fine, they just need to do it right. Which they will. Enough with the naked shorting and sweeping numbers under the bid and ask etc.
They could easily go back to leaving a larger spread in PPS to make their money.
Even here with PHIL we have seen a ton of b.s. on the bid and ask. Plus, tons of b.s. holding the price in place and pulling it down.
Of course good and bad when concerning PHIL.
We need the price lower and maintained for Henry to get done what he wants, so...
It's interesting is all.
Lmao ahhhhh took me a minute haha
Well facts are facts right? CDEL controls a lot of the market. Sometimes it's a bad thing to have so much power.
Fact is, they buy and short at will. When things don't go there way, including here with PHIL, they force it on us.