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king oil

10/19/21 7:46 AM

#13674 RE: janice shell #13673

That report is missing a lot of what happened. DTCC didn’t change a bunch of rules for nothing. And by the way it’s not over yet.

Prudent Capitalist

10/20/21 10:34 AM

#13676 RE: janice shell #13673

Thanks for the thoughtful analysis Janice. What struck me in the report is that the large run-up in GME in January was due more to heavy buying into the social media hype and pump than anything else. In particular the report detailed that at the start of January the average number of accounts in which there were trades in GME was 10,000 accounts per day and by the end of the month there were 900,000 accounts per day with trades in GME. That indicates the APES were getting on board in a huge way, but there apparently was no significant short selling or naked short selling that had been rumored.