Last night Tucker Carlson and Dave Portnoy discussed the merge between Wall Street and Big Tech to protect the hedgefunds from ‘We The People’. Good outline:
It started with a bunch of smart ordinary Wall Street market watchers assembling on Reddit and noticing that hedgefunds were making millions destroying the stock value of GameStop (GME) -and others- by short selling the stock and trading the position.
[Short Lesson to Understand Short-Selling Here]
The hedgefunds were so greedy the short-sellers borrowed more than 140% of the total number of shares of stock of GME (GameStop) in order to destroy it. The stock value dropped from $20 to $4 as the sharks made millions in the short-sells. That’s when the Reddit investment community,Wall Street Bets, noticed an opportunity.
One of the issues with short-selling is that short-sellers must always eventually purchase the stocks they borrowed. That means if the stock value increases you are committed to buying it, you will lose money, and you cannot get away from the loss in your short-sell position so long as the stock value is high.
Knowing the borrowed shares were more than the total number of outstanding shares of the entire GME stock, the rebellious alliance knew the short-sellers (hedgefunds) would have to eventually buy them. So the independent group, mass numbers of individual investors, started purchasing shares and driving up the GameStop stock value.
The GME stock skyrocketed and the short-sellers (hedgefunds on Wall Street) were freaking out. The higher the stock went, the more it was going to cost the hedgefunds to get out of their short position. Billions were being wiped out as the pesky rebel alliance kept purchasing shares and driving up the value. [Go Deep] That’s when the biggest eye-opening series of events in financial history took place….
♦ First Big Tech jumped-in to protect the hedgefunds. The servers that handled Reddit’s investor discussion “WallStreetBets” were shut down, essentially trying to break down the communication of the rebel alliance. They used the oft-familiar “hate speech” justification, but that was really a ruse… Big Tech was supporting Wall Street.
♦ Then the New York Stock exchange stepped-in to protect the hedgefunds by blocking trades of GameStop and other Reddit targeted stocks (Nokia, Blackberry, AMC theaters). Ameritrade also blocked any trades. The NYSE was essentially trying to protect the institutional investors, billionaires, from the citizens, independent investors. Wall Street went to war against day-traders, ordinary Americans.
♦ Then the stock trading App “Robinhood” which was used by the citizens to make their trades, actually stepped-in to stop users from purchasing GameStop shares. The Robinhood app will now only allow sales of GME and the other stocks because the app is protecting the billionaire class from their short position.
Wall Street, the New York Stock Exchange, the entire financial trading system is trying to protect the short-sellers by driving down the shares of stocks so that the short-sellers can get out of their positions. Never has there been such blatant market manipulation by the organized efforts of the elite financial class.
Big Tech and Wall Street are working together to keep a rigged system tilted in their favor and their aligned efforts are spotlighting just how rigged that system is.
The elites don’t care what happens to the ordinary citizens in the stock market… they are protecting their own status. All of this is brutally illegal market manipulation and collusion by the financial sector. [Story Here and Story Here]
Keep watching….
Masks are dropping at an alarming rate as more people are witnessing in real time just how this market is rigged against the interests of ordinary Americans.
Really the players are both left and right at this point,why I love it so much.
Ah, blessed unity …
Funny how a common enemy will do that!
The one thing that people need to be aware of and concerned about is Government stepping in to take corrective action under a guise of fake platitudes to implement a public relations strategy than meaningful reform which in turn will make matters worse. Does anybody actually think that a admin who got into office through via fraud will put forth something that common ordinary people will be appeased by? IMO this is an early indication where the markets are headed and that is no where
good!
We have known about Gov Corrective Act for decades….where you been……don’t talk much to real people.
And they are of all races too! The demographics pretty much include everyone and anyone; white, black, young, old, poor, wealthy…
”
“Former SEC Commissioner Laura Unger compares short squeeze to January 6th at the Capitol”
Which is, of course, comparable to Pearl Harbor, 9/11 and the Holocaust COMBINED!
Literally!!!
Awesome
I see it as comparable to the election and aftermath, as much as Jan 6th, which was just one part of it.
We no longer have Capitalism, or “free markets”, …actually haven’t had for a LONG time, but now it is being blatantly rubbed in our faces.
We no longer havr a Constitutional Democratic Republic,….actually haven’t had for aLONG time, but now it is blatantly being rubbed in our faces.
The attitude of the hoi poloi, TPTB, is analogous to “Let them eat cake!”, with “learn to code”, “make solar panels”,…
We all know how “let them eat cake” worked out,..not too well for the hoi poloi, ..
And yes, UNITY is the key, I continue to believe the Biden admin will bring more people into our movement, in less time that PDJT could have with a second term.
The Red pill factory better increase production to 3 shifts, as demand is going to skyrocket.
Uh, dude. *We’re* the hoi polloi.
You got it backwards.
Correct:
hoi polloi . the common people; the masses.
Interesting that the Webster Dictionary actually has a second meaning, the elite.
That makes no sense.
In the English language, it’s typically “Commoners”
From the original Greek, it’s: The Masses.
No, it is used both ways. Comedians like Red Skelton — and no doubt a century before him — used it when in the guise of bums (it was funny to see a haughty bum “giving himself airs”, as one of the elite…remember Fred Astaire and Judy Garland, singing “We Will Walk Down the Avenue”, dressed as bums? Red Skelton, Charlie Chaplin, etc. ad infinitum, picking up a cigar butt fussily, with the tip of an umbrella, not stooping down to get it…)
Except that in his comment, he did explain that!
Good Morning Ms. Unger?
I saw your recent segment on CNBC and your comments struck me as ignoring the manipulation Hedge Funds have perfected over decades.
Evidently, due to the extent Melvin Capital and perhaps other HF’s went to Short GME the Short Interest went to 140% of the GME in circulation.
The SEC never had a concern about that type of situation.
Others saw the GME short anomaly and acted on it and publicly broadcast it on Reddit.
Is everyone reporting what they see as a Buy or Sell market manipulating when it’s printed in a blog or financial article?
That has zero difference then what the politically connected HF’s have been doing behind the curtain for decades where the HF’s crush a company in financial difficulties and have an unfair advantage by virtue of High Frequency Trading.
What was done by HF’s to GME during a Pandemic is sick.
Then there is the alleged C Front Running and Purchase Flow Kickbacks to Robinhood by same.
I only know what I read and I haven’t been in the market since 2008 when it became evident to me it was a 1960’s era Mob Casino.
All these years later, Deep Streeters are destroying many more Americans perception of a “fair” Wall Street Market just like Deep Staters have destroyed many more Americans faith in Politicians.
Yes.
I learned my lesson, the hard way, back in the 1980s…
Laura Simone Unger DOES NOT HAVE A WIKI PAGE.
It’s pretty rare for someone with her history to have no wiki page….
When conservatives are pissed, the media calls it riots, insurrection, and …..gasp Domestic Terrorism.
When the left is pissed, the media calls it “peaceful protests” even though we watch people blocking traffic, burning buildings, destroying businesses, beating up & generally harassing anyone not joining in with their gig.
See the difference? Whenever I listen to the news, I can hear the soft bias. Once you hear it, you can’t un-hear it.
Now, anyone who tries to fight back are painted as “domestic terrorists.”
It’s another tactic to SHUT US UP.
Like screaming “White Supremacist!” on detecting the first hint of patriotism.
The counter should be “I’m an American Supremacist. What are you?”
“The counter should be “I’m an American Supremacist. What are you?”” LIKE!!!!
They called a time out because they were losing. Sound familiar? Judges put up injunction after injunction every time President Trump tried his America First plans. Now they are destroying our Constitution and the Texas Judge is ONE giving them a taste of their own playbook!
The media is playing a key role here by framing the redditors/average joe traders in this story as the villians and perpetrators, and the hedge funds and wall street class as the victims.
For once, ain’t working.
We’re “woke”.
Wouldn’t expect anything less from the Marxist Media – as we saw during President Trump’s presidency, they completely and utterly removed any remaining masks of objectivity. We see clearly – the Media is nothing but another arm of the Ruling Class – of which the American people are not a part.
Big Club and we ain’t in it.
George Carlin was great! He must have had the goods on them! He knew! Too bad he’s gone. I think he’d be enjoying the show, and egging us on!
Well, they “hacked” Wall Street, of course.
Just like those millionaires and billionaires in the Congress are public servants and victims of those awful domestic terrorists that support President Trump.
The Media is playing a key role in terrifying people over this Sars2 virus. Strains of the Sars 2 virus that spread faster and kill more easily than ever before in the history of mankind.
The media is playing a key role in lying consistently to further the Communist Coup.
BINGO!!!!
We have to basically do the as the traitorous commies do wait and pick our target. Freeze it ridicule it and destroy their narrative for the communist left our enemies of the people are out to destroy our country and anybody else who stands in their way.
The media has been playing a key role, I suspect, for a LONG time. If there was some way to convict any of the MSM for treason, I’d LOVE it!!!!!!
isn’t this like Hollywood celebrities bailing out Antifa?
This was an excellent Tucker segment. Dave Portnoy never was an unaware or low info guy but he and other Americans are learning exactly what the “elites” think of most Americans and how rigged all aspects of life in America really are.
I posted this yesterday. It is an uncensored response by Dave that deserves a repost IMO. Some well timed swearing included.
So now maybe these investors understand how the voters feel about a stolen election.
And no investigations, no consequences, mounds of evidence dismissed. That’s right Portnoy, robbery, but no jail…
Never mind the years of bull**** and no charges, no jail. Oh, pardon me, with the exception of Clinesmith, with a wrist slap.
Ask Republican voters how they feel cheated. Ask Pres. Trump and others maligned and targeted how they felt.
So now Big Tech, Dems in power, and Wall Street are colluding against them / others for a change!
exactly right – just like the blatant stealing of the election – disenfranchisement of the landslide numbers of people who voted for President Trump –
outright, in your face, stealing
He has a very nice tan, I wonder where he has been on vacay? He has a huge following, I am glad he is making a huge fuss telling it like it is.
Priceless Portnoy
https://twitter.com/stoolpresidente/status/1355242069040766980
that was beautiful – thank you for posting this
Thanks for sharing the Portnoy link. Well worth watching.
That you tube is still up on twitter. Wonder why?
Uhm, short equites and go long real assets. Make them eat their vomit. BDC’s that pay 6% with first liens, farmland, metals, pay down the mortgage, cash value life insurance, antique cars, high quality Italian shot guns, gold eagles. Make them eat it…..all on Biden’s watch. Owe no one a dime.
And Elizabeth Warren enters the fray in defense of the hedgefunds
https://bigleaguepolitics.com/fake-populist-elizabeth-warren-begs-the-sec-to-protect-wall-street-from-small-investors-after-gamestop-stock-rush/
Isn’t it remarkable how these people market themselves as champions of the downtrodden but the moment the downtrodden get a foot on the ladder they kick them right back down again. They prove over and over again where their true loyalties lie. The only thing that continues to amaze me is the utter stupidity of all those people who believe them.
Sheep following evil goats up slaughterhouse chutes.
They chose long ago not to know…I know, I was one of them, before about 1988. “Back off, I’m a scientist”…like that.
That is a turn around. She was always railing against the banks for taking advantage of the little guy.
That was a kind of slush fund Elizabeth Warren was running with the Consumer Financial Protection Bureau.
It actually made it more difficult for average people to get loans through costly regulations.
Also, the CFPB receives an annual set percentage of the Federal Reserve budget, which exempts it from the congressional appropriation process. This allows the bureau to spend essentially as much money as it wants. See how they take care of the little people?
Whenever a politician speaks, believe the OPPOSITE.
Only Trump told the truth and tried mightily to keep all of his promises. THAT ALONE makes him very special.
Warren is full of buffalo manure. She was NEVER for the little guy, as evidenced by her party affiliation and the policies she promoted. She’s just another lying Lefty trying to sell snake oil to the poor and unaware.
Nah. I don’t think that’s a turn around for Warren. I just think she took her mask off!
Was watching one of the many videos on the GameStop reactions (believe it was on a Tim Pool video, but not 100% sure) the talker had a great description of Elizabeth Warren – that she was Hillary Clinton with a Bernie Sanders mask
and her reaction today about the situation made that description a perfect fit!
Except Bernie Sanders is a liar, too.
The vote was stolen from him, and he says, “You must support Hillary Clinton.”
Then he buys another house.
Even Bernie is Hillary in a Bernie mask.
I checked her Twitter page. I lurked..don’t belong.
Full letter she wrote posted. Yup…I am reading she is trying to cover for Hedgies.
When she was an economics teacher, she and her daughter wrote a respected book about the death of the middle class at the hands of those who didn’t care about the middle class,
Ambition changes everything.
I suppose we can surround them at the Capitol with signs, “No, we WON’T eat cake. We plan on you getting the crumbs, in PRISON.”
“And Elizabeth Warren enters the fray in defense of the hedgefunds”
Which raises the question, Does she have her own money invested in hedge funds?
Of course!
Are there any photos or sightings of Elizabeth Warren & Lindsey Graham in the same place??
Biden has – I think – picked Merrick Garland as AG. We were told over and over how honorable that guy is – how Turtle really played unfair to not let him get a hearing and be confirmed to the Supreme Court. Being as how upstanding he is and all, he’ll probably prosecute these market manipulators and conspirators ASAP. I’m sure he’ll also look into Citadel payee Janet Yellen and CItadel board member Jeffrey Psaki. Yup, Psaki. We need to make sure that the Biden Administration is as scandal-free as they said the Obama Administration was.
The government is nothing more than an institutionalized crime syndicate.
“The government is nothing more than an international, institutionalized crime syndicate.”
There, I fixed it for you. They’re ALL that way. We’re just the last country to wake up.
Watch who gets put into Garland’s current judgeship, Sundance has posited that person will be the stealth Supreme Soviet Court pick, and, having been easily confirmed to Garland’s judgeship by the Senate, all but immune to opposition when nominated to the Supreme Soviet.
Picking Garland is likely less about having him as AG as it is about owning SCOTUS.
ROFLOL!!! Love your sarcasm!
Oh, don’t forget that Biden Treasury Secretary Janet Yellen received $900,000.00 from Citadel, one of the hedge funds at the center of the Game Stop scandal.
And she won’t be recusing herself from any investigation according to Psaki. Seems fair. S/
Of course she won’t. That would defeat the whole purpose of the bribe.
Recusals are only for honest people.
Also Jeff Sessions.
Bought and paid for.
and stays bought?
Kompromat ensures such stay bought.
Yellen also received a nice chunk of change from Deloitte. Guess who audits Gamestop?
Yes, but, she’s a woman, so there’s that.
🙂
I hate to say it, but watch for some of the Reddit traders to be indicted
Yes, simply to dox them.
Now THAT would be interesting! From what I am seeing the chan autists joined in with everyone on WSB ….
Dox them? Oh yeah….that would be interesting…a case of who could do it faster and better—my bets would be on the Chan autists and Reddit!
Popcorn! Get yer popcorn!
Dotwin created a community for the redditors in case they got booted. Someone posted yesterday that it will take over three days for the hedgies to service the interest and over six days to cover the shorts.
There are still brokerages that will allow buys–including foreign based brokerages, which I think is why the stock remained steady even after the hedgies manipulated the stock in after hours trading Thursday night. The hedge funds painted themselves in a corner.
nothing illegal w using a fake name in an open discussion talking stocks. anyone can sign up. I did in 5 minutes and I am what they call grey tech. feds prob have pros all over.
What they did was legal. But….they will find something…
Yes, because it’s the government, and evil.
You mean like they did with General Mike Flynn?
Oh, BTW, anyone notice where his younger brother is, Gen Charles Flynn?
https://www.armytimes.com/news/your-army/2021/01/26/lt-gen-charles-flynn-slated-to-command-us-army-pacific-and-14-other-promotions/
To top it all off, the Securities & Exchange Commission named PETER STRZOK’S WIFE to lead the Enforcement Division. They’re not even TRYING to conceal the corruption anymore.
Susan rice and power are running ops again. wait for these hearings. pretty sure rice won’t even face senate
The government has been unmasked — literally — as what it is: a POLICE STATE.
Now, to keep control in a police state, the populace must FEAR the government.
Thus, the unmasking.
It’s another good reason to deregister from the republican party.
It’s interesting, but I deregistered from the republican party just last week, changing to unaffiliated.
Yesterday, I receive a letter from Nancy Pelosi inviting me to donate to the democrat party.
You see, we are ALL being watched. It is unnerving.
Get your name off the target list by deregistering from the republican party.
I got an email from her. I had re-registered as unaffliliated CA voter a couple of weeks ago.
This reminds me of when the USA beat the Soviets in Olympic hockey.
That reminds me more of the stories about the 1972 US versus USSR basketball game at the Olympics:
https://www.bnd.com/living/liv-columns-blogs/answer-man/article202041024.html
hockey here
Consider this event an “Eruzione”.
Hey guys I commented last night on the Loeffler thread. SD mentioned Bakkt. Look i am giving you a tip, take it or leave it. Full disclosure I own it. VIH (ticker) That is the new SPAC to facilitate Bakkt. This is not to screw anyone over just a good tip from a guy who has a hunch. Nothing more.
Thanks for the tip. I’m just trying to learn about crypto now.
If your going to trade anything, here’s what I tell anyone who comes to me for my thoughts is simple…
I don’t give tip nor do I trade them, I also cannot teach experience”.
Learn the game!
I handle mine and my dads money. Mom loves the Treehouse and she may read this. During the initial lockdowns I figured out a few things in the stock market. 8 months later it’s been good. I can’t not will I promise you anything but Bakkt is all in with Loeffler and her NYSE hubby. Plan on buying for at least a year. It’s the only way we can win. Most of the shit I buy on a 3-5 year timeline. We cannot buy/sell and don’t let anyone tell you they can. Buy smaller growth stocks. Buying old school blue chips is stupid. You can’t tell if it might go up
10% or if the market crashes you will lose 20. Example I give you Pfizer the original vaccine maker. Bought at $34 now $37…..ohhh you get the dividend of 4% big whoopty shit. Find companies that you see a long term niche then buy. And plan on staying in. Here’s one last tip, it’s for my friends who see this on this site….this is hypothetical because this industry pisses me off. You have to focus on tech ughhhh. Realize it takes so much less overhead as opposed to traditional industries. Best of luck….it works
I completely understand, but look for the warning signals of when a market is going to change direction. Long term holds work but there’s always a signal when the trend is coming to an end. 1/3 up, 1/3 down and 1/3 flat. Take advantage of 2/3rds that market but study price action. I can help people but I can’t teach them experience and most who ask me really only want to know when to buy it.
I paid my Wall St. tuition fees and I honestly can’t stand when that’s all people really want to know from me. When to buy or sell. Something for nothing… society right?
I’ve been investing for years but the crypto thing is completely new to me. Trying to understand it before I jump into that market ?
Robinhood – showing again that “free” apps are not free. they come at a dear price.
Most of these these citizen traders, apparently, were using the free Robinhood application as a stock broker for the little guy. But Robinhood has to make money somewhere. In this case they make it selling their users’ trades, information and trends to the same Wall Street companies its users were trying to beat. So when Wallstreet (Robinhoods customer) said “shut’em down”, they did
as a prop trader 20 years ago we had no less than 6 places to run our flow. we chose. I knew they got paid, if you’re a pro you did too. the firms got big kickbacks during day trade craze of late 90’s . things changed in early 2000’s when trading went from fractions to decimals.
example ibm traded 100 I/8 by 100 5/8 half buck spread. then decimal came and ibm traded 100 by 100.04 spreads tithed up big time. market maker bot on bid so w fractions the had a juicy spread turned into pennies. firms needed to find new ways to generate revenue. new products were invented CMO filled w junk sold as a paper, hence housing debacle. the big houses pay Washington big money for these privileges. 1994 china enters WTO and wall st lost its juice to the lawmakers. lobbyists and corporations became the lawmakers bread n butter. 90% plus reelection for incumbents. Why you think that.
Sound like Jo Dmentia votes through decimal points .0006 points. And he won through cheating
I wouldn’t know what to think until you re-post that comment in grammatically correct English without all the jargon.
The gist: “[T]he big houses pay Washington big money for these privileges.”
This is just one more instance of regulatory capture.
You can easily see the merry-go-round of former regulators, e.g., Ben Bernanke, transition from Fed Chairman to Wall Street employee and Wall Street employees, e.g., Steve Mnuchin, go from Wall Street to Presidential advisor.
The merry-go-round stops when a law is passed to prohibit the Federal Reserve from buying any additional assets. This effectively ends bail out schemes and ends high risk investment strategies like short-selling 130% of a company’s stock.
“…until a law is passed…”
Passed by what legislature, Congress? That means the merry-go-round will not be stopped in the foreseeable future.
OK, when do we short the Constitution? We know it’s going down.
The Constitution has been destroyed over the last 12-15 years. We are living in a post-Constitutional period. Our goal should be to reincarnate it, but let’s not make believe that it still exists.
You are correct. I caught hell more than suggesting if DT lost (legit) he not give up power. I was under the mindset what the hells the point as our enemies don’t care? And I was also under the impression that even a small amount of cheating should be enough to tell the left to get f***** ….but what happened on Nov 3 was not even on my radar. Trump wins in a landline but still walks. I am not upset with him because I don’t know what he does but it shook me.
SteveC,
Your timeline is off, Constitution was destroyed over a much longer timeline.
Read Federalist papers, then re-read the Constitution; the Costitution says “all powers not expressly dilineated to the Fdderal gov’t. are reserved to the States and the people” (paraphrasing).
The Federalist papers explain WHY the Constitution says that, and what they meant and intended, when they wrote it.
The Federal govt is SUPPOSEDto be small, and weak; the POWER is supposed to teside with STATE governments, and the People.
The Founders would be aghast at the size of the Federal govt, and its power over our lives.
Federal Dept of Education, Health and Environmental Quality?
WHY? Each STATE has one of those, there is absolutely NOTHING granted any authority or responsibility to the Federal govt over those areas of our lives!
Anyway, the date your looking for is 1912-1917.
THATS when serious work to destroy our Constitution began.
Those who do not learn from their history, are doomed to repeat it.
Well said.
Woodrow Wilson
thank god that takes 67 senate votes to make constitutional amendments like veto override. impeachment. I figure the constitution will survive me and my generation. im gen x closing in on 50, AOC is a joke w zero accomplishments. Obama wo the ability the give a speech but both were street organizers handing out pamphlets on street corners. she and her crew will fail worse than no growth Obama , new normal, manage decline my ass. America first. gap grew at 4% that’s good next qtr comps are low due to lockdown horror coupled w riots. low interest rates and no tax hikes til next year other than thru regs. gas isn’t up on demand it up bc Biden and screw hate fossil fuel. fwiw I checked the price of the stocks Pelosi bought in dec and she paid for dims. deep in the money calls. if Biden sucks she will lose those millions.
but alas Wall Street all donated to Biden so don’t expect much real change lots of talk.
The Reddit Revolution
3 min video
Most people who want to change the world have no idea what the consequent will be.
The few that do, have an agenda and are using the “useful idiots” quietly and effectively.
After the revolution, a vast majority get an education in slavery.
Everything sounds “nice”, right up until it “isn’t”.
The nice thing for poets, politicians, and revolutionaries, is that they, themselves, rarely pay the price for their visions.
“The Vision of the Anointed. Self Congratulation as a Basis of Social Policy”, Dr. Thomas Sowell,
https://www.goodreads.com/book/show/3044.The_Vision_of_the_Anointed
Has anyone even looked at the GME stock? It’s was already down for years, and these hedge fund people were not very professional to be honest, heck, even I would be shorting them. But as soon as the breakout occurred I’d go long. Bull traps and short squeeze’ happens everyday in the futures markets. When one goes short they “Buy to Cover” if they made a profit but either way it “Buy to Cover”. Wall st. Will always protect its own.
Manipulation has been going on for years and there is nothing new in wall st. What’s happened in the past, happens now and will happen in the future.
If you don’t understand market and how they tick, you lose.
When I trade futures all I care about is being on the “Right” side of the market.
And for those that always call for banning shorts, NEVER gonna happen. You’ll have no market, it takes two to tango.
I traded futures and options in the past, and you couldn’t be more correct. It’s also important not just to be on the right side of the trade, but to trade in very liquid markets like light sweet crude. The market manipulation in the thinly traded ones like pork bellies wipes out little guys.
Banning “borrowed shares” would straighten this mess out in a heartbeat.
Short whatever you want so long as you own the shares.
If I traded long in equities, I could lend my shares out To people who take a short position, I make money either way. It’s Wall St.
When I first started trading back in mid 2000, I used blame everyone when I lost money, then I learned the game. These are what kill every trader…
Emotion, Fear, Greed and of course Hope!
I have Rules that I must follow, and sometimes I anticipate the move ahead of my Rules and guess what, I’m quickly reminded.
You mean naked shorts. A trader always borrows stock to short.
I’ll also second you on the shorts. Yeah, this Reddit/Game Stop story rocks, but short positions are a commonly used tool for risk mitigation.
great hedges if you have big profits many strategies via shorting
I’m not being smart, I’m honestly asking, but from reading your posts up and down it seems like you believe the Redditors are trying to destroy the market. As you say you believe the market is done if they break the short sellers and hedge fund guys. Am I reading you right?
No, it’s just a normal thing that occurs everyday in Wall St.
It would be wise to always ask when something bad happens that “They” know within minutes or a hour of who dunnit, Yet, they still won’t tell you what happened in Vegas or RussiaGate.
Bigger problems lie ahead.
I’m a natural math guy. Numbers come easily to me. But I’m not clear on how more shares can be borrowed than actually exist in a given company. Can anyone enlighten me?
DonnyVee: Sure, I’d be happy to explain. How much money you got?
Seriously, you could ask the same question about fractional reserve banking. At any given time, banks do not have on hand enough money to pay their depositors, dollar for dollar. It’s a problem that no one ever expects to arise, until it does. Then, everyone starts screaming, “How could this happen? Who allowed this?”
Thus, the answer to your question seems to be (although I could be wrong), that people borrow more shares than actually exist, because no one ever expects to have to pay for those shares. See how easy that was? No math required.
leverage..one company will use their stock loan division to grab or push out shares for a %rate. margin interest varies. then there are lines of credit where 5 bill gets you 20x leverage or 100bill invested. with that kind of leverage hedges are aways closing or being carried out on a stretcher. Melvin had point 72 , Steve Cohen and citadel w griffin to bail it out.plotnick is cohens protege and 60% of robin hood flow of orders is routed thru citadel if this was a family it would be incest
I understand fractional reserve banking. I do believe Doppler in a response below answered the question best. Thanks for your help.
Just think of it in the same way as you can get multiple mortgages on the same property.
It’s call “Float”. Naked short.
The float refers to the number of outstanding shares in play, I.e. not locked in with founders, company insiders, institutional investors, etc.
Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, GameStop’s float shares is 27.29 Mil. GameStop’s total shares outstanding is 69.75 Mil. GameStop’s float percentage of total shares outstanding is 39.12%.
Insider Ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, GameStop’s Insider Ownershipis 13.58%.
Institutional Ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, GameStop’s Institutional Ownership is 64.44%.
Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, GameStop’s Short Percentage of Float is 292.53%.
That’s incredible.
No one in his right mind would have made that play unless he thought it was rigged in his favor.
Exactly.
What a coinkydinky it is that it was done during the illegitimate Briben Administration.
All together, though, the mortgages don’t exceed the market value of the property.
How do you know that? All of America is about to be rezoned by O’Biden.
ever
Depending on credit, you can sometimes borrow up to 125% of the value.
I actually work in mortgage banking so that analogy is right in my wheelhouse. It used to be much easier but can still happen today where multiple mortgages are applied for and timed to all close at the same time, exceeding the value of the mortgaged property by several times.
Then some of the loans are unsecured.
Wrong. They are all secured by the same property.
not 140%, you need a bank appraisal and you get like 80% max FHA diff you can get 100% w qualifiers no bank will loan you 40% more than house is worth. that’s the purpose of down payments. 20% is conventional and no PMI ins is charged
stock loan division ..when you short you borrow stock and hope to buy back cheaper. you also pay interest on the borrowed shares. so big houses borrow shares back and forth. google stock loan division
I don’t think they actually always borrow the shares to sell. They also “sell calls”, a form of derivatives, or promises to sell shares at a price higher than they are trading. They got paid to make that promise. When the stock price soars, instead of their planned collapse, then they are obligated to come up with the shares, and have to pay exorbitant prices to honor their contract, losing their shirts. The play on the Reddit side is to keep buying, which forces the short sellers to offer even more to cover their call. A “short squeeze.” A very temporary bubble that will very soon collapse, as the squeezed shorts capitulate. At that point, every long in the stock will sell to take their profits, and only fools and late comers will offer to buy. So, when the publicity reaches this point, it is too late to profit from buying. Now would be the time to sell calls, if you’re a gambler, and can afford the risk the stock will continue to soar.
in my view, all those short-selling hedge funds that made 20% in 2009, when the global value of traded securities fell by half, should have gone to jail, but instead the federal government made sure they collected every penny.
Hi Doppler. Your explanation was by far the best and the only one that actually answered my question about the number of shares shorted versus those in actual existence. Thank you very much.
Selling calls offers no leverage. If you sell calls, you can create a synthetic short position by using the money received for the calls to buy put options with the same expiration date.
They had to borrow then sell some of the same shares more than once.
I asked an acquaintance of mine who I think is pretty educated in a lot of areas that same question.
The reply was:
That isn’t uncommon when the short/long positions are from written options that cash settle. Same imbalance happens with regularity in the commodity option markets where they are cash settled instead of taking physical delivery. This is also why WTI oil spot price was negative about a year ago. It was a settlement anomaly.
:::::::::::::::::
I don’t have the insights to really follow if the reply proves-out.
On an intuitive level Wall Street is said to be on every speck of data and it seems to me if they really wanted to they could make reconciliations prove-out.
My intuition tells me the Deep Streeters don’t want it to so the fuckery can continue.
Found in the bin…. 🙁
I thought naked shorts were illegal.
People really don’t understand how the game is played. This kind of collusion happens on Wall Street ALL the time. Friends of mine have been Senior Vice-Presidents at a number of top brokerages and investment banks and have confirmed it from their personal experiences. It’s an open secret among everyone in the financial industry.
Firms like JP Morgan and Goldman Sachs could engineer a Game Stop short squeeze out if petty cash. Before making their play, Melvin Capital and Citadel first had to make sure they wouldn’t by offering them a piece of the action, thus rigging the game.
That Goldman and others took their “tribute” was the implicit green light Melvin and Citadel needed. Had they declined, that would have indicated that one of more of the big players had long positions they would defend, or would otherwise interfere with their scheme. Does anyone for an instant imagine that a competent, professional hedge fund manager would have recklessly created such a vulnerable short position without first setting up his target through collusion? Could the analysts at JP Morgan have possibly failed to notice Melvin’s caper?
Also, don’t discount the attraction to Cartel members of financially punishing whom they consider to be “rogues” who refuse to go along with the Cartel’s rules. This happened with Enron. When Enron’s bond rating was downgraded, thus limiting the company’s flexibility to trade futures, others colluded to take positions that devalued those owned by Enron, driving Enron into bankruptcy. This is how the Wall Street Cartel enforces its will, and now it does so supported by the full might of the current corrupt and illegitimate Biden Administration.
think Davos or sun valley or g20 all hustling for money.
Yours is a very important point. Thank you.
Yep, they hate to see the common people get more than a few crumbs.
The stock market is often compared to casino gambling, with which it shares commonalities so,
I’ll relate a story, which is not related to GameStop, except for the fact that the “fix” is readily encountered wherever we turn.
First, please note that I totally misspent my youth. I had every chance and encouragement to stay on the road to righteousness, but I was always taking detours or calling AAA.
About 1972 I started working in Nevada casinos as a dealer. The Nevada gaming control people had just about finished mopping up the widespread casino cheating that was everywhere to be found in the 50s and 60s.
In those days, some Nevada casinos did not care if small bettors won, they focused on stopping big wins (eg The Riviera). Other casinos were hungry, and their idea of the “house percentage” was 100%, or as close to it as possible (eg The Sands).
The floormen and shift managers (aka pit bosses) could not get used to gamblers winning. They had no experience with honest games, because (especially the older bosses) their job had always been to ensure nobody could win any substantial amount of money. Some of them went rather wacko.
So one day I’m running the stick (stickman) on a craps game at the Thunderbird, (which shares its name with a wine that turns your lips black.) People are winning some money, and the excitement was growing. The floorman began to glare at me.
There was a policy there (based on superstition really) that the stickman had to turn the dice over with the stick after every roll. This was thought to break up any winning streak, and prevent anyone from winning.
After a time, the floorman came over, pointed at me, and barked “Hey kid, I thought I told you to turn those dice every roll!”
“I am”, I answered.
Then he yells, “Well then quit f…ing with them!!!”
Apparently I’m missing something.
If buying is frozen and only selling is allowed, to whom are the shares sold?
In order to have a sale there must be a buyer, right?
Exactly right!
Yes. I read something about there being just a couple of brokers that were trading GameStop after most froze. There was something that went on which brought the price of the stock down to around 150.00 per share, during the freeze, – from somewhere around 360.00 ish. People speculated that indicated the big fish were helping the hedges. I don’t understand it very well, but it was a buy then sell or vice versa, that got the price down so the hedges could position themselves better. I am trying to figure it out, but it’s confusing, LOL
To another hedge fund trader who will try to sell at a lower price right back to the trader he bought it from to keep undermining the price. Mostly done by machines though
The buyer is the Hedge Funds, trying to get out of the hole they dug for themselves, before they lose more money.
Effectively, it is a way of forcing the “small players” to be prevented from acting. Only the “big players” are allowed to buy and only the small players are allowed to sell. This stops the small players from driving up the price and increasing the loss to the big players. Kind of like a tourniquet to stop the bleeding.
The problem is, this is “favoritism” to the big players and illegal suppression to the small players, and it was done by the people tasked with “keeping a level playing field”. ie, influence peddling.
The big players had no problem with things, right up until the small players beat them at their own game.
The people who shorted the stocks need to buy them back at some point. To make a profit they need to buy lower than they sold short, if they buy it back higher they lose money.
If you short a stock (which means you sell a stock you don’t own, hence you “borrow” it) at 100 and it drops to 90 and you buy it,you just made $10.00.If the same stock instead goes up to $110.00 and you cover your short by buying back higher than your short position, you lose $10.00.
It is just the reverse of the normal order. Instead of buy low sell high, you first sell high and buy it low.
What would happen if everyone that could get out of the stawk market, actually did.
Cash out and don’t look back.
The 401 k’s have brought alot of money in to hedge funds.
@Peoples_Pundit
·
Let
@RobinhoodApp
be a lesson to all. There are no such things as “free apps”.
If you are NOT paying, you are NOT a customer. If you are NOT a customer, you ARE the product.
They were selling individual user trader data to hedge funders to use to manipulate trades and markets.
Also, does anyone not notice what’s really afoot?
This GME is a total distraction, for public consumption. Dave Portnoy call for arrests and investigations is such a ruse and it is NEVER going to happen. Is anyone paying attention to the markets? What’s happening globally? Lots going on, Capital is flowing. Where? China’s Bonds.
There is no confidence in our Government, that’s what is going on!
SHINY Object Is front and center. What’s next?
“There is no confidence in our Government, that’s what is going on!”
Bingo! I posted about confidence yesterday in one of the threads related to the whole Gamestop issue. Just about everything runs on confidence. Certainly every institution does. When people lose confidence in something, whether rightly or wrongly, it falls apart. Even members of the government have no confidence in the very institution of which they are a part, and they demonstrate it with their barricades, their razor wire, and demands to be protected by troops. Every time that harpy Pelosi opens her yap and screams like a banshee, she demonstrates “no confidence”.
Yeah, nothing says “confidence” like the installation of a corrupt vegetable as an impostor president, a senile doofus who, by his own admission, doesn’t know what the hell he’s signing.
Yes, also, look at the interest rates, when the REPO markets exploded to 10% because the banks stopped lending to other banks, that’s when the FEDERAL Reserve stepped in to be the market maker. “Confidence” is key to everything but in this case, it’s economic and financial.
You cannot have 0% interest rates and expect to make any money. Governments are now trapped and China is where the Capital is flowing.
“CONFIDENCE”,….Interesting term to fo us on, in this context.
Y’all do KNOW that the “con” in “con-game” is for CONFIDENCE,….right?
“ You cannot have 0% interest rates and expect to make any money.”
Of course you can. Borrow money at 0% and loan it out in the subprime real estate market.
When the borrowers default, sell the bad debt to the Fed, who will throw a TARP over the entire mess and pull it on to their balance sheet.
It’s a win-win for the Too Big to Fail investment banking industry.
Yes, it is.
https://www.armstrongeconomics.com/international-news/china/china-becomes-1-place-for-direct-foreign-investment/
Sorry, on the phone, can’t paste a paragraph from the link.
Love Martin, glad you read his blogs, everyone should. The two sites I trust…
CTH & Armstrong.
Situation Update, Jan 29th – America becomes a terror state as governments wage terror campaigns against their own people
.
https://www.naturalnews.com/2021-01-29-situation-update-jan-29th-america-becomes-a-terror-state.html
.
Because of their ability to communicate through decentralized platforms and electronic means, the populists are winning the war of awakening humanity to the fundamental human right to be free. This groundswell in human awakening — spurred by the junk science and media lies surrounding the plandemic of 2020 — is terrifying the globalists who now realize they are rapidly losing control of the people they seek to enslave.
To try to halt the populist uprisings, governments of the world are turning to terrorism against their own people in the form of psychological terrorism and even kinetic terrorism.
Doesn’t look worldwide to me, really just Western governments.
What is needed is a new Emancipation Proclamation.
I gotta lil’ song for the hedgies. Burn, baby, burn!:
https://www.youtube.com/watch?v=ZQMJHZ3y8A8
Margot: Ah, the great days of disco.
Yes, indeed! And just because you mentioned it, and just because it’s Friday night, here’s another classic to dance to on the graves of the hedgies:
https://www.youtube.com/watch?v=xI68A-rntIk
OMG
Having flashbacks of trying to dance in those really tall platform shoes!
Lol
AIEE ! NO-O-O!…
This is posted on Bannon’s Rumble page, It’s a note from one of the Reddit investors why he did it. It’ very sad. I hope the text prints.
It’s entitled “This is for you, Dad”
https://rumble.com/vde2j9-jack-posobiec-on-importance-of-reddit-letter.html
Robinhood was founded by Citadel to separate “naive” young investors from their money. Citadel would be the beneficiary of the young investors’ foolishness. The Mellinials market is billions of previously untapped dollars that Citadel wanted. Now the “naive” youngsters have turned the tables.
I wonder if President Trump gave the Wall Street Bets kids the blueprint to taking out the HF’s and revealing for everyone to see the corruption in Wall Street.
He’s been a conduit for revealing so much.
What is amazing and sad to me at the same time is how law enforcement and military just obey the ruling class regardless if they are stealing elections in our face, ordering Americans to close their business and losing everything, or manipulating the stock market by changing the rules when it doesn’t favor them. T
They just obey, because they want to be paid. They need to feed themselves.
It is, sadly, not about honor and freedom for them.
That is another pretty lie that I once believed, too.
Any surprise that Ms. Consumer Protector herself, creator of the malevolent CFPB, Elizabeth Warren, is protecting the elites? What a POS.
You just can’t make this stuff up. This is a maelstrom, and not just an economic one. This is going to roil up the mud at the bottom of The Swamp. I wonder what will come to the surface?
If any of the Reddit Raiders make a profit, they’ll be paying a tax rate twice what the hedge fund billionaires do with their carried interest rate loophole.
I have early 1900’s books that talk about manipulation in any market from professional traders who were paid handsomely for manipulation. It’s used everyday and what people know or should know is the term “Pump and Dump” but they assume it’s penny stocks (anything under $5). But Pump and Dumps happen everyday on CNBC and Fox Business, large companies not just penny stocks.
They get paid MILLIONS TO SELL YOU BS! Always remember this!
Sure, they give you good tips from time to time but that is to draw in your trust, that’s how it’s always worked.
I used to watch Bloomberg. In the morning they say buy and tell you all the reasons why you should. The Market goes down and now they tell you all the reasons why it did.
Yup, part of any con; in short street cons, like “3 card monte”, they use “sticks” people who play and win, who are actually in on the con, casinos do the same thing.
In longer cons, like the pyramid scam, it keeps paying because of new marks, right up until it doesn’t.
They aren’t in it for the money.
It didn’t start as a way to make money.
They have exposed Wall Street!
It’s all copacetic. Counterfeit President, Counterfeit DOJ, Counterfeit FBI, Counterfeit Market.
Another confirmation that we are hated, but needed. They need us to play the game, but stick the rules they created.
This is what happens when we create our own rules.
What Wall St is going to find out is they are going after more of the Hedge Funds,this proves what you can accomplish if a group works together. GME was at 325,down 11 today.Wall St is going to be playing Wac A Mole.
If you are not hated by the swamp you are the problem.
I am so proud of myself for being hated by the DC crooks. They hate me. They want to label me a terrorist.
I am doing everything right to be on their wrong side. They are cowards.
And Kleen, who would ever have thought that this old hippie anthem by Jefferson Airplane, could end up possibly being an anthem for us? “We are all outlaws in the eyes of America”
This is a direct result of decades of failed monetary policy. The Fed has failed the people and the upshot is the globalists won’t need to wait for the petrodollar to die. The Fed is going to accomplish their mission in short order.
Not “failed monetary policy”; intentional.
I USED to believe in the
“Concept of unintended consequences”, now I think that, like “Republicans, the party of STUPID” is a false narrative, designed to excuse intentional, deliberate behavior.
What no one is talking about…..
The guys are WSB – majority are not concerned with losing money!
They are more interested in shining a light on some of the dealings of Wall Street….and of course, sticking it to some Billionaires!
General public had/have no idea what Hedgies do or what shorting even was! A curtain was pulled back so people could see……
I give them giant KUDOS!
Tucker Carlson’s show took a nosedive in quality after he failed to protect his former head writer, Blake Neff, from leaving the show.
Tucker Carlson could not even stick up for his own former senior staffer from the hit pieces by CNN so how could anyone possibly think that Tucker Carlson will stick up for you?
Let’s not forget how Tucker Carlson badly handled the Hunter Biden controversy in the end with disappointing results.
Yup, it’s best to turn off cucker.
Even better to cut the cable.
Be on the look out for an uptick in jumping out of windows.
Didn’t actually happen in 1929, doubt seriously it will happen any time soon.
Narcisists and Sociopaths are WAY down on the list of those likely to suicide, pretty much -0- risk.
The gummint has a way of taking care of those they don’t like.
Both the Left and the Right regularly poke at and poke fun at the gamers… I’m telling you, that’s one collective you do not want to piss off… because they do not care… they are rude, obnoxious, violent, independent, salty, oddly generous, perfectly willing to live and let live, right up until you try and start infringing on what they care about… there’s a reason that of all the companies the hedgefunds started to destroy the other day, GameStop is the one getting the attention…
I saw that Bed Bath Beyond down 36%.
They are part of group who are under boycott for stopping their stores from carrying My Pillow.
P.S……Talk going around WSB going to start targeting other stocks. Hint: metals.
I want everyone to consider this…
If I’m short $20 down to $4 but there are know buyers to accumulate my massive position then how do I get out? Simple, I work with another group to squeeze my position all the way to $350+ then, I short again on the way down. The longs get trapped in a “BullTrap” and panic sell.
If I’m hired to put millions of shares into to the market and told to buy between 30 and 33 then I can’t simply dump my shares all at once, the price will get away from me, so I buy at 30 and if it goes to 34 I flip to the short side, absorb the buyers at that level to push pice back down to unload again at the 30 range and repeat this process until all the shares that I was hired to distribute into the market are gone. I make a dull stock active so the absorption rate is easier to rid those shares.
Wall St. never changes, learn the Game.
It’s why they say the “DUMB” money, if you are not experienced, YOU are the DUMB money.
We’re up against corporatism: the alliance of the big – big business, big tech, big government, big money. Big, big, big.
When the billionaires realized government bureaucracy and the welfare state was largely a force that worked for their benefit, we saw the birth of the wealthy leftist. The paradoxical rich leftist is who owns and runs the Democrat Party now. Michael Bloomberg, Mark Zuckerberg, Jack Dorsey, a hundred other names – they are dominating and steering the civil discourse of American society.
People so rich that tax increases are irrelevant to them. Warren Buffett bragged about paying less income tax than his secretary. And when oil pipelines are outlawed by big government, the oil will be shipped on Buffett’s trains.
Always a winner and a loser. Elon Musk’s Tesla has lost money year after year. And he’s lately been the world’s richest man. Almost as if big government will soon have big surprise for the car industry, that benefits big tech, big money, big business. Don’t buy a gasoline-powered car, children.
.
https://pbs.twimg.com/media/EZd9l3nU0AId7Sy?format=jpg
This is a monthly chart of GameStop, take notice of the downtrend, this was a planned manipulation. The “Dumb” money is stuck holding onto hope that it returns up so they can sell out of their position.
The “Smart” money will be distributing their shares to you and getting out for a huge profit.
https://finance.yahoo.com/chart/GME#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-
And how does Black Lies Matter play into all this?
There is no “systemic racism” against blacks in America.
There IS systemic Marxism in America.
‘Systemic racism’ is a LIE invented by Marxists and spread by Marxists in America to destabilize America.
Systemic racism against Whites is another matter of course.
Tucker Carlson? Really? Has he discovered any election fraud yet?
Meanwhile, over at the NYT, their Iranian opinion page writer is charged as an Iranian secret agent. But are we surprised?
https://thegreggjarrett.com/nyt-writer-arrested-for-allegedly-working-as-secret-agent-of-the-iranian-government/
So I suppose this means that the MSM is not where I should try to get my news.
This broke yesterday morning where is Sundance getting his news from carrier pigeon?
So much low-hanging fruit, so little time…
What Wall Street Bets did is perfectly legal. It is called short busting and the Internet has enabled a very large group to gather to take down Wall Street. Shorting is actually a good thing for the market but some funds gang up and short a company, they aren’t betting on lower prices, they want the company to go under so they never have to cover the trade….ie tax free.
Rigged Stock Market,Rigged Elections,Rigged Pandemic,Rigged CCP installed Oval Office Butt Boy,Rigged Russia Hoax Investigation, Rigged Whores of the CCP MSM,Rigged Impeachment. Rigged foriegn wars.Cant be all the same people doing this can there? George Carlin was right.
Friend sent me this –
https://wallstreetonparade.com/2021/01/gamestop-shares-dark-pools-owned-by-goldman-sachs-jpmorgan-ubs-et-al-have-made-tens-of-thousands-of-trades/
Never heard of that site before. Some Occupy Wall Street spin on the situation?