SITREP. Just a few things I've noticed from the big picture... :-P
1. ~200M shares on loan
2. Short interest ~25%
3. Days to Cover ~9
4. Back on the RegSHO Threshold list
5. FTDs continue in massive amounts (way above Amazon+Apple+Berkshire Hathaway+Google+Microsoft COMBINED as ref)
6. 100% Utilization for months/years now
7. Costs to borrow regularly in hundreds of percent
8. AMC bag popcorn and microwave popcorn is released in stores finally and (if you can find it) is GREAT! I have some here watching the show unfold.
9. Banks telegraphing losses that may exceed $16B to unwind sold, not yet purchased liabilities.
10. More regulatory rules passed by SEC since 2021 addressing bad actors and roles/responsibilites of who pays when bad actors go bankrupt and can't cover their bills.
11. Weekly OBV showing an absolutely amazing stable and overall HODLing investor base since 2021! Doesn’t matter if price goes to a dollar if no one is willing to sell below $100; just a bunch of algo trading lately.
12. Company showing consistent debt reduction/mitigation and very close to going net positive.
13. HF's continue or increase restrictions in allowable withdrawals.
14. Added scrutiny of SEC/DTC/DTCC/CTFC/FINRA/FINTEL and regulatory system as a whole with regards to naked shorting, corruption, manipulation, sloppy controls, ineffective fines, etc has generated sanitizing interest by the public. Situation actually worse for obscurity-loving criminals with a lot more new eyes and scrutiny being put on this subject because of the release of Gamestopped, Apes Together Strong, Dumb Money, the general meme movement, etc.
15. Actual bank failures occurred and judging from CDS ratings are not finished yet.
16. Determination of whether tokens were abused and/or falsely misused as locates ongoing. FTX unwinding pending.
17. The unwinding of several short positions still yet to occur (CS/Archegos/UBS/SHFs/absorbed positions/obligation warehouse/etc)
18. Court date 29-30 Jun 2023 for resolution of issuing new security by combining AMC/APE. (If plaintiff even has standing). This week!
19. Drastic reduction in number of shares available to borrow in recent weeks.
20. 75%+ off exchange, 65%+ short interest, and numerous barcoding days noted.
21. Renewed sentiment of "holding no matter how low the price goes, in fact buying more to increase position" within community.
22. Government picking and choosing winners and losers through selective enforcement…or at least extremely diluted and delayed enforcement to the tune of years and years after criminal event.
And on and on and on...
Side note-At least all the “smart money” posts and the “you’ll never see the HFs/banks affected, they have too much money” and “too big to fail” and “HFs/Banks are invincible” posts have disappeared after Melvin, Credit Suisse, Archegos, Evergrande, First Republic, Signature Bank, and lately now Sequoia getting bailed out after SVB. I’m just waiting for UBS, DB, Barclays, Nomura, and other high Credit Default Swap rating banks to unwind risk and see what happens…
The titans have found out they are vulnerable to the mortals…
FAFO! Tick Tock!
All IMO/NFA
