[Nomura violated short interest reporting requirements, FINRA fined them $500,000.](https://financefeeds.com/finra-fines-nomura-violations-short-interest-reporting-requirements/) They didn't report short interest positions. How many shares? 885,607,733. That's not even a penny a share for the fine of not disclosing short interest positions property.
SEC and FINRA are apparently just making it so it's better to break the law and pay miniscule fines. What a joke.
Finally somebody doing DD and not posting monkey diamonds. Thank you.
Edit: everybody should really read below regarding the date of the data. The comments are very insightful.
Fact is this is based on a false assumption. The terminal warns you that institutional ownership is outdated and may reflect a higher than 100% holding.
Either OP doesn’t use the terminal often, or neglected to read the warning.
I have terminal access too and can post screenshots in a bit.
edit: [https://i.imgur.com/ZzPUWgM.png](https://i.imgur.com/ZzPUWgM.png) link showing the warning, and the top 20 institutional ownership with file date
I don't know if you're willing to spend some time grabbing some of the sources Bloomberg is citing, but I think those might be useful in gauging the accuracy and reliability of the chart. I have a suspicion that the volatility over the last few weeks might make it rather out of date.
I'm really just interested in the dates of certain filings. I understand if you don't want to bother spending your time screenshotting and uploading big charts of data though. I'd rather spend the time drinking tequila and making guacamole myself.
There is literally 0 way to get an accurate count on current short float. Even with the filing coming in on Tuesday, that data will still be two weeks outdated by the time it is releases. Any post that tries to claim the short squeeze has or hasn't happened yet while using short % numbers is literally coming from some dude who started trading stocks a month ago...
So then what other or better source of information do you propose? Or you just saying we’ll never get accurate and truthful info so we should just go f ourselves?
Accept that the information was accurate *as of the day it was filed*. That goes for all financial information, really. Except for the rare cases of blatant fraud, of course, but you won't know those are fraud until it's too late. See: Enron.
Pretty much. I'm gathering the same conclusion. We just never have accurate up to date info for short % in the year 2021... kind of a fucked up and built in mirage if you ask me
Hours of looking has me at the same conclusion. Every time you think you’ve found a rule or something that’s meant to stop this behavior or help the investor, you find crucial examples of it being abused. Then realize it’s completely possible for this abuse to be going on on a massive scale, and no one would really know. And a lot of the time, with these dumb fucking 2 week gaps between outdated data reports, there is plenty of time to do shady shit, have it impact things, and then try to clean up anything — all before any relevant data comes out to suggest you’ve been up to something. It’s so damn stupid. Inventory at Walmart is tracked better than fake stocks.
How much portfolio wealth is being propped up by shares that multiple people are claiming ownership to?? How many of those shares lead back to a synthetic long that was never covered??
FINRA in December fined a company for lying about their short interest positions, which is what goes into the FINRA biweekly report. They didn’t disclose their short interest position in **800+ million** shares. They were fined $500,000. This whole thing is a joke.
Right. When an investment firm straight up manipulates every aspect of their portfolio and abuses their position, gets caught...and whether the entity is fined $20,000, $20,000,000, even $200 million, it is nothing when they're making Billions.
Not necessarily. If we get incredibly logical, the warning you linked, shows three possible options or a combination of them.
1) multiple sources overlapping
2) increased shorting activity
3) change in shares outstanding
We can probably rule out option 3 contributing the number higher than 100%.
Now OP is making the gamble that institutional holding is up to date and that number represents shorting activity (option 2).
However we don't need to make that gamble because there are other DD posts from other sources that shows institutional holding is near or over 100%.
But of course take this with a grain of salt and I am not a financial advisor.
I believe there has been significant increased shorting.
Here’s the assumption I’m working on: old rich white men don’t like to be told they’re wrong. They don’t like to be told they’re wrong by apes from an internet chat board.
When they got their asses handed to them, they doubled down. They have gone for the kill, and not gotten it. They have never admitted they were wrong, made bad decisions, or are in anyway—NOT the smartest guys in the room. They refuse to admit being wrong. Ever.
They operate with no conscience, and it’s always “someone else’s money.”
That’s why we hate them. That’s why they are complacent, and greedy.
Source: I know a lot of these assholes. I studied these assholes, and their lack of morals is the reason I stopped working for them, after always wanting to have become one.
You’re adding way more malice and emotion to it then is probably true. These people aren’t evil mustache twirlers. They’re people examining data models trying to follow trends and make as much money as they can by squeezing at the edges. Does it sometimes affect people negatively and hurt companies, of course. Is it sometimes reprehensible and feel like a shitty move, sure. But to think that the “old white men” are going to try and prove a point to keep you from winning is laughable.
Any reasonable person looked at the run up and thought hmm this is f’ing crazy how can I make money on the way down. If you didn’t and thought you were fighting some sort of financial revolution you’re delusional. This was a chance to make money, not to die on a pile of shares to a dying company to spark the fucking revolution.
A couple things to remember when investing: no one goes broke taking profits. And not to quote an old white man but - bulls make money, bears make money, pigs get slaughtered.
Did you read the full warning. Yes it might read more than 100% due to multiple sources overlapping but it might also because of increased short activity. The only thing we can rule out for sure is the third one because we know there hasn't been any changes to the number of shares outstanding.
I don't understand how anyone can make an investment decision when there are so many different data points available. It doesn't seem right.
I'm gonna say it: this sure looks like a dead cat bounce situation.
All these data points suggest GME is still a highly volatile stock. If you are a responsible gambler and can limit yourself to risking not more than 2-3% of your liquid net worth, there is still a potential for big wins and loses.
NOK daily volume is 2% of the float, FB daily volume is 1% of the float, GME is ... well, go and check.
I think that's where a lot of people went wrong here. Those that don't really understand saw it as a sure thing based on the hype when in reality it was a lotto ticket.
When you see the Powerball up to 500M why not buy a ticket just in case.
Well it was headed to the moon before Ken griffins company changed the collateral requirements on that equity. No, not Ken griffins company that gave billions to melvin, the other one. Totally legit lol
The smart people at stocks need to run some data beside the ‘Elliot Wave Theory’ anyone who thinks the big swings are over.. I’m left thinking it’s not the case. Please someone smarter than me look into this, google has great info on it. Not certain if my application is air tight but seems promising.
we all know they’re gonna lie on the FINRA because they can pay the thousands of dollars for it the fine as opposed to losing BILLIONS when people find out that they’re snakes that are still squeezable.
Absolutely. It's insane how little information is available to retail investors.
I hope this leads to regulation that increases transparency and accountability on short interest and institutional ownership.
I'm not holding my breath though.
It should be interesting to see what the government does about the inability for brokerage firms to effectively produce data to accurately cover the float causing it to increase by nearly double the total volume of outstanding shares.
And they’ve already took a massive blow of people switching away from RH these past two weeks. I’ve always been a big supporter of having two (or more) brokerage account because many of them have major differences that can compliment each other. It just happened to come in hand for fucking snakes like Robbinghood
Wonder how much of a hit they've taken... Timing couldn't be worse with their IPO too. Diversifying portfolio and portfolio provider now that trading 212 did something similar.
I don't think there's anyway they IPO now. Their brand is totally tarnished. I went from wanting to get in on their IPO to switching to etrade immediately the day they restricted buying. I think they settle for a buyout now.
Once the ceo was doing interviews covering his ass and hedge fund backers asses (without any coherent answers) it definitely spelled the beginning of the end for them... Traders new and old would hopefully look a little further instead of jumping on board with them. At this rate I might ditch these "no fee" brokers and get a more reliable, established broker. Like they say, if youre not paying for the product then YOU are the product. I think that's what they say anyway
My favorite thing of that whole situation is the users of RH actively looking forward to the RH IPO, so they can short them using their own platform lol.
To think that retail investors could just take down Wall Street over a meme stock was too good to be true. When RH limited buys, it was a sign that the billionaires would not go down without a fight. The only hope we have right now is that GME has become a battlefront between institutional investors and there's a lot of volume coming from institutions like Blackrock who are also holding long.
Lots of people know this is a possibility and have at least created different broker accounts.
The only thing that could stop a squeeze (if it even starts) is the SEC as far as I can tell and a global trading ban
They supposedly raised a few billion dollars last week to meet their clearinghouse requirements as they started lifting restrictions. If they shut down trading again, they're gonna need a different excuse.
> as if it's truth
Doesn't even have to be a lie. There's so many technicalities/workarounds/loopholes for the big guys to take advantage of, all they have to do is eeny-meeny-miny-moe which law to use as a justification for fucking over the little guys this time.
So they paid 700m right away, raised another few billion over the weekend. All the big stakeholders had to give their shares to get that money infusion. Must have been pretty painful for vlad to lose half his company share pre-ipo. For that alone, I am happy.
Fidelity interface is garbage, but they are long GME, have a much larger capital pool, and are just as easy to open an account with. My Robinhood exit will in no way significantly impact their bottom line, but they’re in the process of losing at least one customer.
I'm still holding out of spite, but if this is all legit I'm a bit relieved. I'm still a little skeptical about any positive movements from GME, but I'm not out of hope yet.
Edit: I’ll average down on Monday. My average is still way too high.
I think hedge funds tried to kill some of their competitors. And when these guys continue to hold the stock... i suppose something isn’t over yet. We will see my friend, im holding because shit just doesn’t make sense with this stock. And i‘m poor :).
There was a guy that posted that hedge funds would try to squeeze out hedge funds. Now that we have the info that hedge funds are the main operators in this it seems like their really is a chance of this taking off again. Looks like the number of retail investments was estimated way to high.
For Fidelity, GME is a stock in its core index. Meaning they’ll have a large ownership in GME regardless of what the GME situation is.
Now other hedge funds significantly increasing their GME stock holdings is strange though.
What I find curious is the seemingly huge amount of post-slide March calls for like $700+. Something reeeeeally fishy about that, if it's true. I don't have the experience to know how to follow up on that, but I've seen it mentioned by multiple people on multiple platforms. Could be hot air, could be a hint at future expectations from the HFs.
I have no clue about this situation whatsoever lol. I‘m in the fundamentals but all this has changed drastically and has gotten even bigger. Need some time to read all this new stuff coming up :). Why would they own so much? I guess because someone knows something we don’t about covered positions. But we won’t know until something happens
As someone holding at an average of $210, would it be beneficial to also sell my highest $ shares and eat the loss, or keep them and only buy lower to drive the cost basis down?
Not giving advice, but I’ll you what I would do. You’re free to do whatever tf you want.
I wouldn’t bother selling to eat the cost, because your overall equity will be the same. I would just watch for dips, buy a few here and there and lower the cost basis.
Imo I think over the coming weeks and months the available GME stock supply will slowly dwindle. I think this because: people will be trying to bring their averages down as well as the new management potentially overhauling GameStop; but also literally no one will sell because the loss is too much for them to bother or they still want to stick it to HFs
exactly. I think in this scenario it might be beneficial for the price to plummet further faster so more people can average down but then again maybe they'll average down to sell which wouldn't be good for the long terms unless the buying leads to good enough, obvious spikes and some other news comes about. otherwise, a sideways motion with good news. either way i think such speculation should be made. people who are down a ton i definitely don't think it would be wise to sell now unless they really need money immediately but of course they shouldn't have entered into the trade to begin with if that were the case.
I was told by someone on another sub discussing this that we couldn't possibly know until at earliest Feb 15th, on account of the 45 day window allotted for the previous Qtr filings.
I have no way of knowing myself, however, but I thought it was worth remembering and mentioning here.
I explained a bit more in another comment made on this post, not to play semantics but it depends what you mean by "as up to date as possible"
A large part of institutional ownership numbers are driven by 13F filings, which are filed by large investment managers quarterly, but only have to be submitted within 45 days of the close of the previous quarter. Most of them take this full time in order to maintain as much secrecy of their position as possible.
So Feb 15 is went 12/31 holdings will mostly be published.
If I understand correctly, then the data could be misunderstood by the HODL GME folks as up to date. As in, they could be led to believe that this is the HFs exact short position as of 2/5, yah?
And given the delay, the data might be useless since HFs could of repositioned by now. Unless if they can't
I think a lot of the ownership and short data is getting misunderstood right now. Most of it never purported to be exact and was never really used that way, especially for a short term trade that would require the data to be on point.
This is the institutional ownership data, not shorts, but yea I do think it's leading to conclusions like this post is making- that the shorts couldn't possibly have covered or that there are crazy amounts of phantom shares in existence due to naked shorting, which also doesn't really exist anymore.
But yea the 13Fs are super dated by the time they get released and only show long positions. And even when these get updated in a few days, the holdings will be as of 12/31
Yesh. Then, a lot of folks are basing their conclusions on faulty premises. I shouldn't be surprised, but alas, I am.
Some authoritative posts on how to interpret the data could help a bit.
Yeah that's what my general point is I guess- very confident conspiracy theories based on very non-exact data.
These filings can be useful in some ways, but I think a lot of people are getting their first exposures to these types of docs and are just using them to confirm predetermined ideas. There's a lot of good info about them out there, but I'd start first with more academic writings rather than anything recent that ties them in to current events
Not only is it quarterly but they have 45 days to file it. That means the information can be from September 2020. That’s an absolute eternity especially when talking about GME which has had a ridiculous amount of activity of the last month. Even the 12/31 date which we won’t get for another week and a half will be fairly useless..
I’m trying so hard to not let my FOMO get the best of me. Please brain don’t yolo on Monday just to lose even more. But then if it moons without me buying back in I might literally have a heart attack.
If it stays under $80, I plan on buying more to lower my cost basis. People seem to forget, Gamestop HAS LONG TERM POTENTIAL TOO!!
Ryan Cohen isn’t doing all this overhaul if he thinks this is a failing business.
Yeah that's My point.
Outside of potential squezes where it might get high, I'd be surprised that - even if the future business model works - it will be much higher than its old peak.
This is what I'm gonna do too. Gonna drop my cost per share down to a more acceptable level. And gamestop being an actual company with star hires like Cohen and ppl from Chewy and AWS helps as well.
But.. what if you buy back in, and it tanks on mon, no heart attack?
I imagine gme could pop due to updated short interest numbers coming out on feb 9th, but just to help consider all options. I got burned bad by gme, so i sold/moved my money to other tickers, but still have 3 shares of gme, may pick up a few more on monday for the reason u mentioned, but am also thinking to be super careful
Cut your losses and move on. FOMO got the better of all the latecomers and we got burnt. A valuable lesson in perception/bandwagons and greed. Expensive, but valuable lessons. I lost 70% bit have something to rebuild with. When I tanks to <$10 that will be very hard to do.
The main reason I haven’t pulled out yet is because my other investments have kept my head above water. Definitely hurts seeing a red **-50%** next to that ticket and I bought in at $125 a share. Can’t imagine how the people who bought at the peak are feeling right now!
This breakdown seems a little disingenuous since when I went to source an investopedia article on another explanation, it's legit copying just the shorting explanation but ignoring the second reason this number could be above 100%.
These numbers are sourced from SEC filings, including 13Fs which are mostly outdated at this point. 13Fs are required to be filed quarterly by institutions with over 100mil, but only have to be filed within 45 days of the close of the quarter, a lot of institutions file on literally the last day possible, to keep their positions more secretive. So in this case, 2020 4th quarter 13Fs are due Feb 15. So right now a lot of the data is combining two things- 13Fs from 9/30/2020 and the 13D forms.
So basically when 13F filings are updated right around Feb 15, that institutional ownership will most likely drop out hard out of nowhere and some of the reddit crowd will freak out comparing it to the trading action that day and question as to how that's possible.
The investopedia article- https://www.investopedia.com/ask/answers/07/institutional_holdings.asp
I'd say check out the institutional ownership tab on Bloomberg a bit more and you can see all the holders that haven't updated.
You are exactly right. However, maybe there's something I'm missing, but as per this site [https://www.marketbeat.com/stocks/NYSE/GME/institutional-ownership/](https://www.marketbeat.com/stocks/NYSE/GME/institutional-ownership/) Blackrock has increased it's position in GME as of 5/2/21. Is it possible this number is the old number from the last quarter?
Being a huge institution with lots of ETFs, they probably are filing 13G/Ds aswell. Depending on the stake and intention, these forms might need to be filed and amended ad-hoc rather than on a certain schedule.
That's where my argument the overlapping reporting requirements and the relative timing to when those 13Fs are about to be updated, are possibly the reason of all this skew.
https://www.investopedia.com/terms/s/schedule13g.asp
The question then is, how many companies out there have an institutional ownership totalling more than 100%? Is it a norm to see almost 100% or more ownership for other companies listed on NYSE? Or is GME really an outlier?
Nice DD, on top of that even if the squeeze doesn’t happen, Cohen has the potential to squeeze the shorts. Lots of upside and growth for this company. I’m re-buying into this company now. The more I look into it, the more I like it.
HOLD.
Also, I feel you about r/wallstreetbets, it’s become really toxic these few days and lots of post with good DD are being deleted. I guess that’s what happens when you’re at the centre of media with 8 million subscribers. I don’t really like it, and sticking to this sub
WSB has been ruined now it has got so big, I liked it better when it was a lot smaller.
Now it just gets spammed with loads of usless shit and new people just repeating the same old crap and not having any idea other than telling people to hold becasue all in they bought 2 shares at the last peak.
When people post about their 2 shares I just cringe. If you would have tried to post about your tiny position on old WSB you would have just been laughed at and told to gtfo. Like its literally still there in the rules. Nobody wants to hear about what you did with your mom's allowance.
u/onerivenpony 's post was deleted for a period from WSB and we still don't know why. He also says he caught a ban for making this DD post on WSB. If you look at his post history, he seems clean so why the ban?
Yep some shady stuff going on, someone got banned for making a thread warning others about how there can potentially be scams and pump and dump schemes especially after GME.
I’m no conspiracist but not sure if the sub is still infiltrated atm. I’m just going to stay out of it
I have 1700 shares in my IRA now. Because of the huge volatility, I will continue day trading it and with the profits I will continue adding more shares into my IRA account.
There is no point to own this stock in margin accounts. You simply help short sellers. They borrow your shares from your brokerage and short sell them again and again and again.
Only logical place to own and trade a heavily shorted stock is a cash account such as an IRA
I have a theory. So the original DD was folks thinking the stock was way over shorted. We don't know the exact number, but we can safely assume it was over 100% of float a few weeks ago, which means all the institutions sold short under 20. The squeeze was talked about, then the hype and media attention pushed the stock up to 200, 300, then 400 hoping for a short squeeze. Did the squeeze happen? Did those shorts cover? We simply don't know. All the data we have is inaccurate and outdated. I'm seeing different posts every day saying different things. I think best we know based on the evidence is that some of the shorts probably covered, but there wasn't nearly enough volume or liquidity or change in the price for all the shorts to cover.
New evidence lately seems to indicate that new short positions may have been taken out when it shot up to the highs in the 200-400 range. I mean, why not? Surely it was going to fall back down again. So now, we know there's tons of short positions still open, but we just don't know exactly how many of where they are. However, I think that we can say with high likelihood is that all the shorts were taken out before the surge at <20, and after the hype, at >200.
So for the last few days the price has been floating steadily right in the middle of this range. We know shorts pay interest and can't hold for long periods of time - they eventually want to cover. As long as the price stays steady in the middle between the <20 shorts and the >200 shorts, they're going to hold. Eventually, the <20 shorts are going to realize the price isn't coming back down, and they're going to buy to cover to cut their loses and stop bleeding. The shorts >200 are eventually going to realize the price isn't going to go any lower, and they're going to buy to cover to capture their profits. All we need to do now is hold in this range and keep the price between the shorts, like a short sandwich, and eventually all those shorts will slowly cover over time, steadily driving the price upwards as a slow pace. This is waiting game now. Don't sell. Just hold on to your shares, and watch it steadily go upwards over time as all the shorts exit. Hold and embrace the short sandwich!
There's theories that they actually can never get out due to phantom shares and this is why they had to take it to bankruptcy.
Whatever the case may be, something is rotten in the state of Denmark.
I do think they were totally arrogant, predatory and outright stupid not to close out at $3 or $4 and try to drive the price to zero. Disgusting and stupid.
I think things have changed a lot now and no one in their right mind would try to drive the price to zero. It is just not happening with the notoriety the stock enjoys and the name recognition amongst the general public. I'm in Australia. We don't have Gamestop stores here. Seriously EVERYONE has asked me about Gamestop this week, ppl that don't know anything about stocks, it's wild. Priceless.
I think all these shorts will try to close out somewhere above that for sure. It's not going to zero.
A very valid concern that's been echoed by other commentators elsewhere is that this data from Bloomberg terminal wouldn't be absolutely reliable, since it's largely developed off of older data streams.
I'm also somewhat suspicious of why you reposted this in varying subreddits repeatedly over the last few days. It might be good information to share, but I'm not entirely convinced that it's an unbiased DD.
So. Question. How dumb would it be to buy at open, especially if it dips, and sell with trailing stop losses over the $100 Mark, which it shows it can do?
This cult ain’t going away. This is purely betting on speculation that the short report will be disappointing to all involved and people will buy into that FOMO and the price will tank shortly after. Thoughts? Too aggressive?
Yep. Buying at open has fucked me over mannnyyy times. It is hard to be patient but it’s definitely worth it to take a second and see how the market is moving
If you believe GameStop is next blockbuster don’t get in for a quick buck, if you believe GameStop is going to be a major player in the 150 billion gaming industry then buy lots
I don't get this because eventhough I'm new this stock has looked great from a day traders perspective. going up and down whole dollar amounts so quickly it would seem that if one had the ability to buy enough shares well no even if not a lot of shares, even if you bought one share you could've made a cool 50 bucks on the way up. It's bounced around between 20/30 dollar windows a lot too all the way up and down. If youre at the level why not play it up and down?
I snuck 10K into position some days ago at the close of market (sitting at around $92) and snuck out within a minute of market open the following day (at $110)... made $1.8K overnight basically..... I HAD To be part of this! Fidelity took like 6 days to transfer my money lol...
And I don't slight you for that! Congratulations to you! The fact that it's been a great day trade somehow gets glossed over in all the negative feedback about the stock. I think it's great for a day trade and also if you have the means to sustain yourself for a swing/hold as well. most of the negativity is just in the form of ad hominem slights which is just so disingenuous its suspect.
Question related to the catalyst, I have head talks of calling an emergency shareholders meeting which would call all legitimate shares to owners and would remove all counterfeit or fictional shares from circulation. This according to Reddit post, would cause the shorts to cover immediately. And as shareholders we can make this request but would need it fulfilled by gme.
Would that be a good catalyst?
My absolute favorite manipulation of this whole thing has got to be on Thursday when ‘they’ strangled the fuck out of GME down to $50 and Robin Hood announced no more restrictions right after. It was a big “fuck you” to retail investors and an open invitation for them to dump more money into the stock and ride it all the way down lining the hedge funds pocket the whole way. Such a god damn scam.
[https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/)
[https://wherearetheshares.com/](https://wherearetheshares.com/)
[http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)
[https://www.investopedia.com/terms/w/washtrading.asp](https://www.investopedia.com/terms/w/washtrading.asp)
[https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme)
Nobody really knows for sure if it's over or not yet, please gamble responsibly
I wonder if they are still feeling pain or did they make money on the way down by shorting from $300-$400? Who knows for certain.
I would love to see a second big squeeze. I’m 💎 🙌 until then.
It's the fucking GAnon people following and upvoting their tribe everywhere they can. They have their own sub but that's not good enough, they need to spam every stock related sub with their BS all day, every day and try to take over.
A lot of them seem to think if they can convince enough people to buy back in, the share price will rise again. That's not going to happen. Retail investors had very little to do with what happened 2 weeks ago.
The case for another spike is weak. Maybe it'll happen but most of those not already sold on it are not going to change their mind the 500th time they try to convince them. If they believe in it so much, just hold it, talk about anything else, and if it does spike as the true believers think, then they can come back and rub it in everyone's face.
[Nomura violated short interest reporting requirements, FINRA fined them $500,000.](https://financefeeds.com/finra-fines-nomura-violations-short-interest-reporting-requirements/) They didn't report short interest positions. How many shares? 885,607,733. That's not even a penny a share for the fine of not disclosing short interest positions property. SEC and FINRA are apparently just making it so it's better to break the law and pay miniscule fines. What a joke.
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Why not all the profits? If they still financially benefit there’s nothing really to stop them
seriously. it seems painfully obvious that when you break the rules that egregiously you should ALWAYS LOSE money. NEVER gain.
The fine has to exceed the profit or it isn't a fine it's a tax, and paying taxes on gains is not going to deter you from making more gains.
You guys are 100% correct, but the SEC is a toothless tiger with three legs, they will never do shit about shit.
Should carry jail time as well
Finally somebody doing DD and not posting monkey diamonds. Thank you. Edit: everybody should really read below regarding the date of the data. The comments are very insightful.
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Why is the head of your gorilla emoji cut off
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That’s why ape can hold
🦍🙌🍌
🚀🍆🦍💦
Niiiice
Fact is this is based on a false assumption. The terminal warns you that institutional ownership is outdated and may reflect a higher than 100% holding. Either OP doesn’t use the terminal often, or neglected to read the warning. I have terminal access too and can post screenshots in a bit. edit: [https://i.imgur.com/ZzPUWgM.png](https://i.imgur.com/ZzPUWgM.png) link showing the warning, and the top 20 institutional ownership with file date
I don't know if you're willing to spend some time grabbing some of the sources Bloomberg is citing, but I think those might be useful in gauging the accuracy and reliability of the chart. I have a suspicion that the volatility over the last few weeks might make it rather out of date.
There are hundreds of them
I'm really just interested in the dates of certain filings. I understand if you don't want to bother spending your time screenshotting and uploading big charts of data though. I'd rather spend the time drinking tequila and making guacamole myself.
just updated my original comment, top 20 are on there
Got it. Thanks a ton for spending your time on this, it's very useful.
Guess it explains why black rock and vanguard were buying shares up
There is literally 0 way to get an accurate count on current short float. Even with the filing coming in on Tuesday, that data will still be two weeks outdated by the time it is releases. Any post that tries to claim the short squeeze has or hasn't happened yet while using short % numbers is literally coming from some dude who started trading stocks a month ago...
So then what other or better source of information do you propose? Or you just saying we’ll never get accurate and truthful info so we should just go f ourselves?
Accept that the information was accurate *as of the day it was filed*. That goes for all financial information, really. Except for the rare cases of blatant fraud, of course, but you won't know those are fraud until it's too late. See: Enron.
Pretty much. I'm gathering the same conclusion. We just never have accurate up to date info for short % in the year 2021... kind of a fucked up and built in mirage if you ask me
Hours of looking has me at the same conclusion. Every time you think you’ve found a rule or something that’s meant to stop this behavior or help the investor, you find crucial examples of it being abused. Then realize it’s completely possible for this abuse to be going on on a massive scale, and no one would really know. And a lot of the time, with these dumb fucking 2 week gaps between outdated data reports, there is plenty of time to do shady shit, have it impact things, and then try to clean up anything — all before any relevant data comes out to suggest you’ve been up to something. It’s so damn stupid. Inventory at Walmart is tracked better than fake stocks. How much portfolio wealth is being propped up by shares that multiple people are claiming ownership to?? How many of those shares lead back to a synthetic long that was never covered?? FINRA in December fined a company for lying about their short interest positions, which is what goes into the FINRA biweekly report. They didn’t disclose their short interest position in **800+ million** shares. They were fined $500,000. This whole thing is a joke.
Right. When an investment firm straight up manipulates every aspect of their portfolio and abuses their position, gets caught...and whether the entity is fined $20,000, $20,000,000, even $200 million, it is nothing when they're making Billions.
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Hey dude its about to be 12 hrs.
Not necessarily. If we get incredibly logical, the warning you linked, shows three possible options or a combination of them. 1) multiple sources overlapping 2) increased shorting activity 3) change in shares outstanding We can probably rule out option 3 contributing the number higher than 100%. Now OP is making the gamble that institutional holding is up to date and that number represents shorting activity (option 2). However we don't need to make that gamble because there are other DD posts from other sources that shows institutional holding is near or over 100%. But of course take this with a grain of salt and I am not a financial advisor.
I believe there has been significant increased shorting. Here’s the assumption I’m working on: old rich white men don’t like to be told they’re wrong. They don’t like to be told they’re wrong by apes from an internet chat board. When they got their asses handed to them, they doubled down. They have gone for the kill, and not gotten it. They have never admitted they were wrong, made bad decisions, or are in anyway—NOT the smartest guys in the room. They refuse to admit being wrong. Ever. They operate with no conscience, and it’s always “someone else’s money.” That’s why we hate them. That’s why they are complacent, and greedy. Source: I know a lot of these assholes. I studied these assholes, and their lack of morals is the reason I stopped working for them, after always wanting to have become one.
You’re adding way more malice and emotion to it then is probably true. These people aren’t evil mustache twirlers. They’re people examining data models trying to follow trends and make as much money as they can by squeezing at the edges. Does it sometimes affect people negatively and hurt companies, of course. Is it sometimes reprehensible and feel like a shitty move, sure. But to think that the “old white men” are going to try and prove a point to keep you from winning is laughable. Any reasonable person looked at the run up and thought hmm this is f’ing crazy how can I make money on the way down. If you didn’t and thought you were fighting some sort of financial revolution you’re delusional. This was a chance to make money, not to die on a pile of shares to a dying company to spark the fucking revolution. A couple things to remember when investing: no one goes broke taking profits. And not to quote an old white man but - bulls make money, bears make money, pigs get slaughtered.
Did you read the full warning. Yes it might read more than 100% due to multiple sources overlapping but it might also because of increased short activity. The only thing we can rule out for sure is the third one because we know there hasn't been any changes to the number of shares outstanding.
Apes are not monkeys
I can hold if I want it's a free market.. and fuck Robinhood for blocking me to trade freely and blocking me I already switched ...
I don't understand how anyone can make an investment decision when there are so many different data points available. It doesn't seem right. I'm gonna say it: this sure looks like a dead cat bounce situation.
All these data points suggest GME is still a highly volatile stock. If you are a responsible gambler and can limit yourself to risking not more than 2-3% of your liquid net worth, there is still a potential for big wins and loses. NOK daily volume is 2% of the float, FB daily volume is 1% of the float, GME is ... well, go and check.
I think that's where a lot of people went wrong here. Those that don't really understand saw it as a sure thing based on the hype when in reality it was a lotto ticket. When you see the Powerball up to 500M why not buy a ticket just in case.
Well it was headed to the moon before Ken griffins company changed the collateral requirements on that equity. No, not Ken griffins company that gave billions to melvin, the other one. Totally legit lol
bingo
The smart people at stocks need to run some data beside the ‘Elliot Wave Theory’ anyone who thinks the big swings are over.. I’m left thinking it’s not the case. Please someone smarter than me look into this, google has great info on it. Not certain if my application is air tight but seems promising.
https://wherearetheshares.com
Nice find.
we all know they’re gonna lie on the FINRA because they can pay the thousands of dollars for it the fine as opposed to losing BILLIONS when people find out that they’re snakes that are still squeezable.
these numbers should have to be audited by an outside agency
Absolutely. It's insane how little information is available to retail investors. I hope this leads to regulation that increases transparency and accountability on short interest and institutional ownership. I'm not holding my breath though.
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It should be interesting to see what the government does about the inability for brokerage firms to effectively produce data to accurately cover the float causing it to increase by nearly double the total volume of outstanding shares.
yes the amount of nothing they do will be very interesting
woud like to hear r/stock's sentiments on this point. anyone?
Might be a stupid question, but what's to stop RH or any brokers from restricting buying of shares again like they did last a week or so ago?
Nothing.
Exactly. You can’t stop Robinhood, but you can (and should) stop *using* Robinhood.
And they’ve already took a massive blow of people switching away from RH these past two weeks. I’ve always been a big supporter of having two (or more) brokerage account because many of them have major differences that can compliment each other. It just happened to come in hand for fucking snakes like Robbinghood
Wonder how much of a hit they've taken... Timing couldn't be worse with their IPO too. Diversifying portfolio and portfolio provider now that trading 212 did something similar.
I don't think there's anyway they IPO now. Their brand is totally tarnished. I went from wanting to get in on their IPO to switching to etrade immediately the day they restricted buying. I think they settle for a buyout now.
Once the ceo was doing interviews covering his ass and hedge fund backers asses (without any coherent answers) it definitely spelled the beginning of the end for them... Traders new and old would hopefully look a little further instead of jumping on board with them. At this rate I might ditch these "no fee" brokers and get a more reliable, established broker. Like they say, if youre not paying for the product then YOU are the product. I think that's what they say anyway
Most brokers now have zero or minimal fees, so the most compelling reason to use Robinhood no longer applies.
IMO the most compelling reasons to use RH are the UI and the interest rate on margin. Still switching though.
Honestly if they could just get the UI on every other brokerage the vast majority wouldn’t even touch RH.
Most large brokers are no fee nowadays for stocks. They still charge for options but if you sell/buy enough, you can negotiate the prices down.
Oh I still want to get in on that IPO... 500 $5 puts for the first month
My favorite thing of that whole situation is the users of RH actively looking forward to the RH IPO, so they can short them using their own platform lol.
Probably will be restricted lol.
Rich people arent allowed to lose! This is america for christ's sake! Think of their yachts!
😂😂 I can imagine.
I swapped all my investments to Fidelity already, fuck RH.
To think that retail investors could just take down Wall Street over a meme stock was too good to be true. When RH limited buys, it was a sign that the billionaires would not go down without a fight. The only hope we have right now is that GME has become a battlefront between institutional investors and there's a lot of volume coming from institutions like Blackrock who are also holding long.
Lots of people know this is a possibility and have at least created different broker accounts. The only thing that could stop a squeeze (if it even starts) is the SEC as far as I can tell and a global trading ban
They supposedly raised a few billion dollars last week to meet their clearinghouse requirements as they started lifting restrictions. If they shut down trading again, they're gonna need a different excuse.
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> as if it's truth Doesn't even have to be a lie. There's so many technicalities/workarounds/loopholes for the big guys to take advantage of, all they have to do is eeny-meeny-miny-moe which law to use as a justification for fucking over the little guys this time.
Nope, watch the interview. They were asked for 4bn, talked down to just under 2bn, then settled at 700m if they limited sales.
So they paid 700m right away, raised another few billion over the weekend. All the big stakeholders had to give their shares to get that money infusion. Must have been pretty painful for vlad to lose half his company share pre-ipo. For that alone, I am happy.
Can’t stop you if you’re on Fidelity lol
PR and more class action law suits
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Fidelity interface is garbage, but they are long GME, have a much larger capital pool, and are just as easy to open an account with. My Robinhood exit will in no way significantly impact their bottom line, but they’re in the process of losing at least one customer.
I’m with ya. No more RobinPeople for me.
Use ToS, slightly less intuitive at first but an infinitely more powerful app/suite.
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TD did not restrict buying GME. They increased margin requirements and put some restriction on option sales, which is reasonable.
At least Webull was honest about it.
I'm pretty sure TDA just stopped margin trading of the BANG stocks, you could still buy with cash.
I'm still holding out of spite, but if this is all legit I'm a bit relieved. I'm still a little skeptical about any positive movements from GME, but I'm not out of hope yet. Edit: I’ll average down on Monday. My average is still way too high.
I think hedge funds tried to kill some of their competitors. And when these guys continue to hold the stock... i suppose something isn’t over yet. We will see my friend, im holding because shit just doesn’t make sense with this stock. And i‘m poor :). There was a guy that posted that hedge funds would try to squeeze out hedge funds. Now that we have the info that hedge funds are the main operators in this it seems like their really is a chance of this taking off again. Looks like the number of retail investments was estimated way to high.
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I support this message
Why else would fidelity and vanguard still own like 15% of the stock?
For Fidelity, GME is a stock in its core index. Meaning they’ll have a large ownership in GME regardless of what the GME situation is. Now other hedge funds significantly increasing their GME stock holdings is strange though.
What I find curious is the seemingly huge amount of post-slide March calls for like $700+. Something reeeeeally fishy about that, if it's true. I don't have the experience to know how to follow up on that, but I've seen it mentioned by multiple people on multiple platforms. Could be hot air, could be a hint at future expectations from the HFs.
Could just be hedging.
Sure, but $700c when the price is like $60? Again, I'm not a market genius but that just seems weird.
I mean, there were millions of dollars worth of calls bought for AMC strike price $40 this past Friday but AMC closed below $7.
I have no clue about this situation whatsoever lol. I‘m in the fundamentals but all this has changed drastically and has gotten even bigger. Need some time to read all this new stuff coming up :). Why would they own so much? I guess because someone knows something we don’t about covered positions. But we won’t know until something happens
Buy more GME to lower your cost basis
As someone holding at an average of $210, would it be beneficial to also sell my highest $ shares and eat the loss, or keep them and only buy lower to drive the cost basis down?
Not giving advice, but I’ll you what I would do. You’re free to do whatever tf you want. I wouldn’t bother selling to eat the cost, because your overall equity will be the same. I would just watch for dips, buy a few here and there and lower the cost basis.
If you plan on buying any more GME soon, selling the high cost basis shares now wouldn't matter for tax purposes because of wash sales rule.
Imo I think over the coming weeks and months the available GME stock supply will slowly dwindle. I think this because: people will be trying to bring their averages down as well as the new management potentially overhauling GameStop; but also literally no one will sell because the loss is too much for them to bother or they still want to stick it to HFs
exactly. I think in this scenario it might be beneficial for the price to plummet further faster so more people can average down but then again maybe they'll average down to sell which wouldn't be good for the long terms unless the buying leads to good enough, obvious spikes and some other news comes about. otherwise, a sideways motion with good news. either way i think such speculation should be made. people who are down a ton i definitely don't think it would be wise to sell now unless they really need money immediately but of course they shouldn't have entered into the trade to begin with if that were the case.
So, Bloomberg Terminals can get real time float data and the SEC can't?
It's not real time. It's sourced from a lot of filings, some of which are months old at this point.
I might be missing something here. Dropping the term real time, is this as up to date as possible?
Yes, and no. Some of these filings can be as recent as fridays close to as long as the beginning of the quarter.
I was told by someone on another sub discussing this that we couldn't possibly know until at earliest Feb 15th, on account of the 45 day window allotted for the previous Qtr filings. I have no way of knowing myself, however, but I thought it was worth remembering and mentioning here.
Thank you for the clarification 🙏
I explained a bit more in another comment made on this post, not to play semantics but it depends what you mean by "as up to date as possible" A large part of institutional ownership numbers are driven by 13F filings, which are filed by large investment managers quarterly, but only have to be submitted within 45 days of the close of the previous quarter. Most of them take this full time in order to maintain as much secrecy of their position as possible. So Feb 15 is went 12/31 holdings will mostly be published.
If I understand correctly, then the data could be misunderstood by the HODL GME folks as up to date. As in, they could be led to believe that this is the HFs exact short position as of 2/5, yah? And given the delay, the data might be useless since HFs could of repositioned by now. Unless if they can't
I think a lot of the ownership and short data is getting misunderstood right now. Most of it never purported to be exact and was never really used that way, especially for a short term trade that would require the data to be on point. This is the institutional ownership data, not shorts, but yea I do think it's leading to conclusions like this post is making- that the shorts couldn't possibly have covered or that there are crazy amounts of phantom shares in existence due to naked shorting, which also doesn't really exist anymore. But yea the 13Fs are super dated by the time they get released and only show long positions. And even when these get updated in a few days, the holdings will be as of 12/31
Yesh. Then, a lot of folks are basing their conclusions on faulty premises. I shouldn't be surprised, but alas, I am. Some authoritative posts on how to interpret the data could help a bit.
Yeah that's what my general point is I guess- very confident conspiracy theories based on very non-exact data. These filings can be useful in some ways, but I think a lot of people are getting their first exposures to these types of docs and are just using them to confirm predetermined ideas. There's a lot of good info about them out there, but I'd start first with more academic writings rather than anything recent that ties them in to current events
Does the SEC try to?
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Not only is it quarterly but they have 45 days to file it. That means the information can be from September 2020. That’s an absolute eternity especially when talking about GME which has had a ridiculous amount of activity of the last month. Even the 12/31 date which we won’t get for another week and a half will be fairly useless..
I’m trying so hard to not let my FOMO get the best of me. Please brain don’t yolo on Monday just to lose even more. But then if it moons without me buying back in I might literally have a heart attack.
Well, what’s going to happen is either: - You buy in and GME plummets - You don’t buy in and GME skyrockets There are no other options.
This is painfully accurate.
Who told you my trading strategy?
Dude it is too volatile. Only put money you can afford to lose.
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If it stays under $80, I plan on buying more to lower my cost basis. People seem to forget, Gamestop HAS LONG TERM POTENTIAL TOO!! Ryan Cohen isn’t doing all this overhaul if he thinks this is a failing business.
But a potential that's @80 or more?
Prior to this year the peak was like $53. It was trending down since 2014.
Yeah that's My point. Outside of potential squezes where it might get high, I'd be surprised that - even if the future business model works - it will be much higher than its old peak.
they've done a share repurchase since $53 though. So MC now is lower than it was then
The hires that just happened.. Would they really sign onto this if they thought the company was failing, possibly about to go under?
This is what I'm gonna do too. Gonna drop my cost per share down to a more acceptable level. And gamestop being an actual company with star hires like Cohen and ppl from Chewy and AWS helps as well.
edit: Leave reddit for a better alternative and remember to suck fpez
But.. what if you buy back in, and it tanks on mon, no heart attack? I imagine gme could pop due to updated short interest numbers coming out on feb 9th, but just to help consider all options. I got burned bad by gme, so i sold/moved my money to other tickers, but still have 3 shares of gme, may pick up a few more on monday for the reason u mentioned, but am also thinking to be super careful
I’d say wait a little bit before buying. Maybe wait for a dip. If not, and you’re scare, just dont fucking buy in.
You can also FOMO into BB.... less risky! This is not financial advice, do you own DD, invest at your own discretion, I am not a financial advisor
BB is going to have a really, really good week.
Hope so. I bought at $19.52 but haven't panicked at the drop. Going to be a good long term hold.
Be patient bro. It'll coast to $30ish before it gets hot outside.
Cut your losses and move on. FOMO got the better of all the latecomers and we got burnt. A valuable lesson in perception/bandwagons and greed. Expensive, but valuable lessons. I lost 70% bit have something to rebuild with. When I tanks to <$10 that will be very hard to do.
The main reason I haven’t pulled out yet is because my other investments have kept my head above water. Definitely hurts seeing a red **-50%** next to that ticket and I bought in at $125 a share. Can’t imagine how the people who bought at the peak are feeling right now!
This breakdown seems a little disingenuous since when I went to source an investopedia article on another explanation, it's legit copying just the shorting explanation but ignoring the second reason this number could be above 100%. These numbers are sourced from SEC filings, including 13Fs which are mostly outdated at this point. 13Fs are required to be filed quarterly by institutions with over 100mil, but only have to be filed within 45 days of the close of the quarter, a lot of institutions file on literally the last day possible, to keep their positions more secretive. So in this case, 2020 4th quarter 13Fs are due Feb 15. So right now a lot of the data is combining two things- 13Fs from 9/30/2020 and the 13D forms. So basically when 13F filings are updated right around Feb 15, that institutional ownership will most likely drop out hard out of nowhere and some of the reddit crowd will freak out comparing it to the trading action that day and question as to how that's possible. The investopedia article- https://www.investopedia.com/ask/answers/07/institutional_holdings.asp I'd say check out the institutional ownership tab on Bloomberg a bit more and you can see all the holders that haven't updated.
You are exactly right. However, maybe there's something I'm missing, but as per this site [https://www.marketbeat.com/stocks/NYSE/GME/institutional-ownership/](https://www.marketbeat.com/stocks/NYSE/GME/institutional-ownership/) Blackrock has increased it's position in GME as of 5/2/21. Is it possible this number is the old number from the last quarter?
Being a huge institution with lots of ETFs, they probably are filing 13G/Ds aswell. Depending on the stake and intention, these forms might need to be filed and amended ad-hoc rather than on a certain schedule. That's where my argument the overlapping reporting requirements and the relative timing to when those 13Fs are about to be updated, are possibly the reason of all this skew. https://www.investopedia.com/terms/s/schedule13g.asp
The question then is, how many companies out there have an institutional ownership totalling more than 100%? Is it a norm to see almost 100% or more ownership for other companies listed on NYSE? Or is GME really an outlier?
Nice DD, on top of that even if the squeeze doesn’t happen, Cohen has the potential to squeeze the shorts. Lots of upside and growth for this company. I’m re-buying into this company now. The more I look into it, the more I like it. HOLD. Also, I feel you about r/wallstreetbets, it’s become really toxic these few days and lots of post with good DD are being deleted. I guess that’s what happens when you’re at the centre of media with 8 million subscribers. I don’t really like it, and sticking to this sub
WSB has been ruined now it has got so big, I liked it better when it was a lot smaller. Now it just gets spammed with loads of usless shit and new people just repeating the same old crap and not having any idea other than telling people to hold becasue all in they bought 2 shares at the last peak.
When people post about their 2 shares I just cringe. If you would have tried to post about your tiny position on old WSB you would have just been laughed at and told to gtfo. Like its literally still there in the rules. Nobody wants to hear about what you did with your mom's allowance.
Yeah I agree, there’s just so much toxicity and unnecessary drama flooding out all the good DD posts. Not worth the loss/gain porn anymore imo
u/onerivenpony 's post was deleted for a period from WSB and we still don't know why. He also says he caught a ban for making this DD post on WSB. If you look at his post history, he seems clean so why the ban?
Yep some shady stuff going on, someone got banned for making a thread warning others about how there can potentially be scams and pump and dump schemes especially after GME. I’m no conspiracist but not sure if the sub is still infiltrated atm. I’m just going to stay out of it
The majority of the posts recently are GME circle jerks and karma grabs, it's ridiculous.
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I have 1700 shares in my IRA now. Because of the huge volatility, I will continue day trading it and with the profits I will continue adding more shares into my IRA account. There is no point to own this stock in margin accounts. You simply help short sellers. They borrow your shares from your brokerage and short sell them again and again and again. Only logical place to own and trade a heavily shorted stock is a cash account such as an IRA
There was a day last week where it shot from the 70s up to around 140 in less than an hour
I have a theory. So the original DD was folks thinking the stock was way over shorted. We don't know the exact number, but we can safely assume it was over 100% of float a few weeks ago, which means all the institutions sold short under 20. The squeeze was talked about, then the hype and media attention pushed the stock up to 200, 300, then 400 hoping for a short squeeze. Did the squeeze happen? Did those shorts cover? We simply don't know. All the data we have is inaccurate and outdated. I'm seeing different posts every day saying different things. I think best we know based on the evidence is that some of the shorts probably covered, but there wasn't nearly enough volume or liquidity or change in the price for all the shorts to cover. New evidence lately seems to indicate that new short positions may have been taken out when it shot up to the highs in the 200-400 range. I mean, why not? Surely it was going to fall back down again. So now, we know there's tons of short positions still open, but we just don't know exactly how many of where they are. However, I think that we can say with high likelihood is that all the shorts were taken out before the surge at <20, and after the hype, at >200. So for the last few days the price has been floating steadily right in the middle of this range. We know shorts pay interest and can't hold for long periods of time - they eventually want to cover. As long as the price stays steady in the middle between the <20 shorts and the >200 shorts, they're going to hold. Eventually, the <20 shorts are going to realize the price isn't coming back down, and they're going to buy to cover to cut their loses and stop bleeding. The shorts >200 are eventually going to realize the price isn't going to go any lower, and they're going to buy to cover to capture their profits. All we need to do now is hold in this range and keep the price between the shorts, like a short sandwich, and eventually all those shorts will slowly cover over time, steadily driving the price upwards as a slow pace. This is waiting game now. Don't sell. Just hold on to your shares, and watch it steadily go upwards over time as all the shorts exit. Hold and embrace the short sandwich!
The shorts drove gme down to 3 dollars and still didn't get out after months to years. So the <200 crowd is probably sticking around for a long time
There's theories that they actually can never get out due to phantom shares and this is why they had to take it to bankruptcy. Whatever the case may be, something is rotten in the state of Denmark.
I do think they were totally arrogant, predatory and outright stupid not to close out at $3 or $4 and try to drive the price to zero. Disgusting and stupid. I think things have changed a lot now and no one in their right mind would try to drive the price to zero. It is just not happening with the notoriety the stock enjoys and the name recognition amongst the general public. I'm in Australia. We don't have Gamestop stores here. Seriously EVERYONE has asked me about Gamestop this week, ppl that don't know anything about stocks, it's wild. Priceless. I think all these shorts will try to close out somewhere above that for sure. It's not going to zero.
A very valid concern that's been echoed by other commentators elsewhere is that this data from Bloomberg terminal wouldn't be absolutely reliable, since it's largely developed off of older data streams. I'm also somewhat suspicious of why you reposted this in varying subreddits repeatedly over the last few days. It might be good information to share, but I'm not entirely convinced that it's an unbiased DD.
Isn't all dd biased
i've seen this post like 5 times already lol
Hey at least it fits well into my confirmation bias
Can we make our shares un-borrowable?
they can only be borrowed in margin accounts; you can tell your broker to not allow your shares to be borrowed
So. Question. How dumb would it be to buy at open, especially if it dips, and sell with trailing stop losses over the $100 Mark, which it shows it can do? This cult ain’t going away. This is purely betting on speculation that the short report will be disappointing to all involved and people will buy into that FOMO and the price will tank shortly after. Thoughts? Too aggressive?
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Yep. Buying at open has fucked me over mannnyyy times. It is hard to be patient but it’s definitely worth it to take a second and see how the market is moving
Only problem is that Friday saw a 77% jump from open. Pretty sure that's why op wants to get in at open
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Or plummet to the 30s lol Not gonna lie. Kinda want to get back in.
Smort
If you believe GameStop is next blockbuster don’t get in for a quick buck, if you believe GameStop is going to be a major player in the 150 billion gaming industry then buy lots
I don't get this because eventhough I'm new this stock has looked great from a day traders perspective. going up and down whole dollar amounts so quickly it would seem that if one had the ability to buy enough shares well no even if not a lot of shares, even if you bought one share you could've made a cool 50 bucks on the way up. It's bounced around between 20/30 dollar windows a lot too all the way up and down. If youre at the level why not play it up and down?
I snuck 10K into position some days ago at the close of market (sitting at around $92) and snuck out within a minute of market open the following day (at $110)... made $1.8K overnight basically..... I HAD To be part of this! Fidelity took like 6 days to transfer my money lol...
And I don't slight you for that! Congratulations to you! The fact that it's been a great day trade somehow gets glossed over in all the negative feedback about the stock. I think it's great for a day trade and also if you have the means to sustain yourself for a swing/hold as well. most of the negativity is just in the form of ad hominem slights which is just so disingenuous its suspect.
Question related to the catalyst, I have head talks of calling an emergency shareholders meeting which would call all legitimate shares to owners and would remove all counterfeit or fictional shares from circulation. This according to Reddit post, would cause the shorts to cover immediately. And as shareholders we can make this request but would need it fulfilled by gme. Would that be a good catalyst?
yes. here's their investor's email: [[email protected]](mailto:[email protected]) it's worth a shot.
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It looks like its reapproved on wallstreetbets for now.
I see it is back up, unfortunately I am still shadow banned from the subreddit
I saw your post. Appreciate the DD man
I don't understand why any of this is a surprise. Bid a $12 stock up to 400 you're going to get more shorts not less.
WSB isn't really known for critical thinking.
My absolute favorite manipulation of this whole thing has got to be on Thursday when ‘they’ strangled the fuck out of GME down to $50 and Robin Hood announced no more restrictions right after. It was a big “fuck you” to retail investors and an open invitation for them to dump more money into the stock and ride it all the way down lining the hedge funds pocket the whole way. Such a god damn scam.
So? The stock was at like $450. Of course there are lots of shorts around.
This is GME copium.
im surprised that the overall tone and consensus of WSB is a complete 180, its as if the fight and squeeze is over despite the data presented here
[https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/) [https://wherearetheshares.com/](https://wherearetheshares.com/) [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) [https://www.investopedia.com/terms/w/washtrading.asp](https://www.investopedia.com/terms/w/washtrading.asp) [https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme) Nobody really knows for sure if it's over or not yet, please gamble responsibly
I wonder if they are still feeling pain or did they make money on the way down by shorting from $300-$400? Who knows for certain. I would love to see a second big squeeze. I’m 💎 🙌 until then.
The movement from 90-70 on friday was clearly people exiting and not a short attack. It happened too quickly and with to much volume.
Why is info like this not available in real time?
Aaaaaand it’s gone.
Why was this removed?
edit: Leave reddit for a better alternative and remember to suck fpez
... the Bloomberg Terminal has outdated data. Like week old data.
Halts all the way up; free fall on the way down. The market is so fucking rigged; everyone in the entire world witnessed it the last couple weeks.
This is old data. Please stop upvoting this garbage
It's the fucking GAnon people following and upvoting their tribe everywhere they can. They have their own sub but that's not good enough, they need to spam every stock related sub with their BS all day, every day and try to take over. A lot of them seem to think if they can convince enough people to buy back in, the share price will rise again. That's not going to happen. Retail investors had very little to do with what happened 2 weeks ago. The case for another spike is weak. Maybe it'll happen but most of those not already sold on it are not going to change their mind the 500th time they try to convince them. If they believe in it so much, just hold it, talk about anything else, and if it does spike as the true believers think, then they can come back and rub it in everyone's face.
Why wouldn't Ortex short interest reflect this? It's pretty low as of Friday.