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The emperor isn’t wearing any clothes.
https://www.linkedin.com/posts/alexvm_amc-gme-nakedshorts-activity-6829454558469734400-BNz7
Smooth brains just keep buying and holding there’s no end in sight.
Funnily enough Gary Gensler himself is saying they are looking at why retail orders aren’t going into the lit market on National TV — is he just egging on the so called bag holders here?
"We are looking closely at this market structure," says @GaryGensler on dark pools. "Many of retail public orders are not going to the lit markets but are going to internalizers, going to wholesalers who are taking the retail public trades." pic.twitter.com/MLpNpv2P6N
— Squawk Box (@SquawkCNBC) August 4, 2021
??
Obviously haven’t checked all of them but have a few. It’s true.
Below post from Peter Hann CFA, investment portfolio manager for City of Calgary:
So I have been saying since January regulation is coming with #Cryptos. Ideally, I would like to get more clarity on what the future looks like before jumping in aggressively. But it looks like I may have to wait, as the Business Insider notes:
"However, Gensler did not lay out when the SEC would take further action on crypto, saying that other big issues such as the GameStop saga were occupying the market watchdog."
Good to know #GME and other other shorted stocks such as #AMC are front and centre of the #SEC's attention. They should be. I know there are a ton of new #DTCC, #NSCC, #FINRA rules either in comment period or recently passed, but it feels to me every day the #Gamestop saga drags on, the bigger the damage to the integrity of the market.
Just looking at the end of day price action in GME today shows just one tiny facet of the problem. A sell order of around 340k shares has a huge negative impact on price in the last two minutes. A 1.8 million buy share order in after hours, where liquidity is supposed to be worse, barely moves the market. The sell order was on a lit exchange, the buy order in dark pool.
Its just extremely unsettling to see such naked manipulation. Presumably, the close needed to be lower for some ETF mark to market.
I used to see price moves like this trading FX, at the London 4pm close. Obvious manipulation of FX prices around the close that unwound just as quick as they happened. It went on for years, as did the Libor fixing. They eventually were addressed, but I saw it go on for years.
The difference here I think is the degree of constant manipulation, and the number of stocks the naked shorting has occurred in. As always, that number is difficult to know, but in #AMC's case an online feature designed to allow shareholders to up vote questions to #AMC's board for the Aug 9 meeting has a side effect of allowing an estimation of actual existing shares. Its still early for anyone to present an absolute finding on numbers, but conservative estimates using this feature suggest AMC's share float including synthetics could be at least 2 billion, versus the known 513 million. I can only imagine #GME situation is similar or perhaps even relatively larger.
This can't be allowed to continue.
Bullish — means more people who will chose not to get vaccinated and end up needing lenz.
Bought 28 more. Averaging down to 0. Can’t find sell. Btw, how come brokers around the world
Are showing more buys than sells and the stock some how keeps going down? Makes no sense, but i don’t really understand. Maybe someone who knows more can explain.
Shit, did I make a mistake? My friend told me to buy more to average down. He said averaging down can bring my per share price to a lower amount. If it goes to 0, he said, that I could average down to 0 so it would be like I never paid for the shares. Is this correct? I still can’t find how to sell.
What is reverse repo?
I bought more.
But those ones from before 2021 aren’t that large in comparison to the ones from 03/2021 …
So what does 1,000,000 puts have to do with anything? Anyone can create puts right, you don’t need to own 100,000,000 shares or something do you? Only been stock marketing since February so I don’t really understand. Help.
How do you know this information is accurate? Others here saying it’s all lies and kool aid. What is Bloomberg terminal snapshot? Is that from Reddit?
I only started in the stock market in February. What is selling?
Apes don’t seem to care about daily price action. They just buy and hold because they believe in the over shorted theories. They don’t trade. If they are right they all win big and if they are all wrong they will end up holding the bag. But even then, the company won’t be xx stock with the plans it has. All this talk of blockbuster people forget the company that put them out of business pivoted in their history too.
Thanks for the welcome. I guess you do you. :)