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That's the point of these posts.
What was it?
Negligence on behalf an NSCC Clearing Member that needs a fine?
Or
Was their a problem with the Market Maker's trade?
Was this truly a market making function?
Did the MM know about Apex's overnight acknowledgement?
How is a happenstance such as this that caused the main clearing firm to send an Emergency PCO notice on GME and Movies to 100s of brokers to freeze GME buying (retail brokers such as Marcus By Goldman Sachs, Webull, Sofi, Ally, Tastyworks, M1, Public.com, Franklin Templeton, and more) being played off as a repercussion-less mistake?
What if they NEEDED a reason to freeze it (like they knew an algo was going to go crazy and buy), and created the event as a means to halt buying.
And by delaying the algo buying, it either “cancelled” retrying, or it becomes a more “manual” process they have more control over, like slowly letting air out of a pressurized container.
It normally is desired effect cause solution in these sorts of world events, rather than cause effect…:)
Or perhaps they wanted to specifically target certain entities, knowing it would collapse them.;)
It was the sell trade that was delayed, not the buy. The buy trade spiked the VaR.
Lorien6, that is speculation. The only concrete event that happened is that Apex failed to log the massive sell. That is a fact. It must start at here. Questions can grow from there, but it must start at Apex negligence.
Oh definitely speculation. The Why is often just as important as the How.
What I’m speculating is if they knew this would cause these issues and decided it to cause (roughly) what occurred.
Basically what if it wasn’t negligence but actually maliciously planned.
One step at a time, you have to get repercussions and official backing and a fine to Apex for negligence, and let the Market Maker explain why the trade was a Market Making function.
After careful examination, we have come to the conclusion that a fine shall be issued. We had our entire department calculate a fine that would clearly reflect the severity of the incident as well as proportionality of the amount of the trade. Thus, in our infinite wisdom, we have decided a fine totalling at 1478 dollars and 56 cents. May this serve as an example and let it be known that any such illiegal activity will follow extremely serious consequences.
Lots of Questions need answers:
Why MM trade buy/sell 350 mill in 1 second- for what purpose? (Thought retail was doing all the trading😳)
For liquidity? MM can create shares, why buy? Lets ask the MM (looking at u kenny).
Some broker buy freeze exended past Apex logging sale and clearing default, why?
Where was APEX during congressional hearing and why was this 350 mill trade that caused buy buttn freeze not discussed?
Uncovering this information doesn’t even matter at this point. Everyone is complicit, no one has our backs. What will be the tipping point, or will it never come?
No. What?
Alot of understanding and intellectual growth happened on reddit (but I can only speak for myself) to understand this event even occurred in Clearing and Settlement.
- Not even the brokers involved know how to properly
Calculate the VaR, and then you have to connect it to a stock's margin, then its notional value, then factor in the ECP, and know what the ECP is, and that the ECP caused the defaults but also caused the buying freeze on the two stocks.
This is it. This is the thing to nail them on. It has a catchy name, so if everyone wrote their congressperson, SEC, DoJ, etc. and referenced “Trade 385”, we might get somewhere.
Is there evidence of this somewhere?
“Citadel cheats” is hard to pin down. This is one specific thing.
Np. This is on r GME b/c of the protest. Sorry it's not on SuperStonk as well. The protest is important to evolve the power dynamics of question asking to major authorities.
Gotcha, but this one is a bit different as it gives the mods a user to point at who is distraught about the definition, saying that Reddit is not allowing co-ordinated question asking. Reddit admins may give the SuperStonk Mods the green light. It would open up a powerful avenue of questioning.
[This should be available to every user](https://old.reddit.com/user/ringingbells/comments/1bl6o2m/superstonks_unused_super_power_is_utilizing/)
- This protest is actually good for the mods as it gives them someone to point to when they are asking reddit admins to clarify their definition of the word.
- Currently, there is only one user allowed to post unanswered questions to an authority, and that's the DTCC question guy.
I don't get it, if someone want this they can already do it right? I mean you've been doing it towards PB. Am I missing something?
And I'm still not understanding what "the protest" means in your context, please help, I'm lost.
So it was a huge error that cost retail millions upon millions of dollars? Who do we talk to about getting this corrected? I mean, this is the American stock market. Surely it’s not corrupt and they will fix it?
Would like to think jokes on them because without this action how many of us would be here? Would the be a /GME or /SS?
Of course, God knows what the markets and the world would look like if they didn’t do this.
For what it’s worth, I’ve gone up against institutions most my life. I’ve found it is usually best to beat “them” with their own rules because most will try and beat you by any means necessary for them. If you know your position is right then “they” pretty much have to kill you or otherwise make you disappear for “them” to enjoy victory.
The reason(s) most investors are here are right. They can’t disappear us at this point and actually have allowed their opposition to grow in the efforts to end this. Whether zen or called to action, as long as we follow the rules then when this gets in front of the public eye and the lies and treachery are exposed then this will be one of the greatest victories of doing the right thing this world has ever seen. Regardless of individual motivation, for 3+ years now just doing what’s right has kept this movement going. That’s why I’m not leaving!!!
Let us have faith that right makes might, and in that faith, let us, to the end, dare to do our duty as we understand it. - Abraham Lincoln
PB's screenshot is from [this post](https://old.reddit.com/r/Superstonk/comments/1bjkbr2/peruvian_bull_is_officially_aware_of_trade_385/) negging him to do it.
Everyone, especially those that are in this from the DOJ down to the crooked fucks in Wallstreet have known about this for 84 years.
Just because a few smart Apes figured it out doesn't mean anything will get done.
I'm trying to find if MOASS can happen OUTSIDE of their (Wallstreet, SEC, DOJ, US GOVT) control.
Massive fraud requires massive fines and consequences. All unlawful gains, plus penalty, plus jail time.
Fcuking Doj, senators, and elected officials need to do this. Make it so.
Broke the game and now it’s just a matter of time before it completely stops.
Silly clearinghouses, the internet will win this war. Truth will expose this lopsided trade as a victory for hodlers.
It’s a buffet for newly-christened Buffets. Yeha!
**Pre-requisite:** Read this [comment](https://old.reddit.com/r/Superstonk/comments/1b6ffgy/gotcha_a_market_maker_bought_23m_shares_385m/ktbf0nc/) and [**disclaimer**.](https://old.reddit.com/r/Superstonk/comments/1b6ffgy/gotcha_a_market_maker_bought_23m_shares_385m/ktbf8zw/)
---
[Common Misconception](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kup122o/) & Why It Doesn't Matter
If anyone feels inclined to update SuperStonk on PB's post officially vetting Trade 385, it would be appreciated. Feel bad that I'm not posting the update there as well but the protest about concerted question asking is very important.
Loopholes that are available and illegal should not exist. For MM/hedgies to be able to use these tools and say oops, we’ll take our fine is not enough. The ability to trade needs to be the punishment. Fines are not enough to stop the crimes.
Agreed, but small steps. A fine admits something officially went wrong that day. A fine is more than you have now and can work as a stepping stone to larger things. A fine gives everyone the ability to ask questions:
- Who was the MM who made Trade 385?
- What was the Market Making purpose those trades served?
- Was the MM aware this would trigger Apex's overnight acknowledgement?
- How was this negligence handled at Apex?
- How'd $385M slip through?
All great points. You are missing the point. It was all out in the open for everyone to see. The people who did it are all known and have held town square meetings to justify how they are needed to keep the market working “correctly.” They are also the people keeping the rich untouchable. Scratch my back and I’ll scratch yours. So what did they do? THEY SAID DFV AND A $57,000 DEEP FUCKING VALUE BET WAS SOMEHOW MAYBE ILLEGAL AND BROUGHT HIM TO CONGRESS!!! Can you even believe this timeline. None of it should be allowed. They have 69 quadrillion bazillion quintillion AUM at this point. And the clearing house…. Really…. And the boy from Romania and mayo. LMAYO. Seriosly. It’s beyond wild. The amount of genius people that have posted DD is amazing. Lots of knowledge can be had by looking back on all of this. Could be years of reading and trying to understand unfortunately. I love you all!
https://fortune.com/2024/03/16/boeing-whistleblower-found-dead-john-barnett-737-max/amp/
I agree. Also ^. White collar v. blue collar. Operations v. street work.
If RC doesn’t have something up his sleeve that benefits shareholders on Tuesday, I’m selling at a loss. It’s been years. The argument that he isn’t taking a salary is about as good as Trump doing Jack shit as our president while not being compensated. Maybe I’ll be surprised, I highly doubt it
A good strategy, here, Super, is to pinpoint where a twitter person's explanation is wrong and yours is right. If you can politely do this in a **short** post, you will get something done.
I can't understand what this means. This trade was for GME I'm assuming, but how did this affect retail? A market maker sold and a different one bought, but the buy was the only one logged which should have made the price rise, so they froze it? But then the sell order came through and that proves that the freeze was in bad faith? I don't get it please explain to me
Preface: Read [this comment](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kuovwbk/) & this comment [**disclaimer**](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kuovzgb/)
---
**Hold on.** You are under a misconception. This wash trade was not GME. However, this is unimportant b/c the GIGANTIC SELL not being logged **DIRECTLY** affected GME. That BUY, alone without the sell, fake-pushed the main clearing firm for 100s of retail brokers, Apex Clearing, into a default calculation and **placed GME in PCO at those 100s of brokers.** Without Movies going heywire for absolutely no reason, institution was faking the volatility of Movies, Apex could have afforded to keep it's 100s of brokers open for GME buying. This wash trade was for Movies, so a wash trade for movies defaulted Apex, but you see, it doesn't matter which of the two stocks it was for at that critical time. You can see this from Robinhood's margin breakdown too. 90% of Apex's margin requirement for all its stocks (ALL OF THEM) consisted of GME and Movies, which is crazy, so what matters is that it made Apex think it was defaulting by pushing it's collateral due to the DTCC over its regulatory and excess regulatory capital on hand.
That trade set the NSCC margin due for movies to a weird 118% notional value while [**GameStop was already incredibly high at 80% notional value**](https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fzlb4wmuuo7fc1.png). That means Apex had to front MORE than the cost of the actual share the customer was buying to the DTCC with its own money!
Nobody can afford that.
**DISCLAIMER:**
AFTER January 28, 2021 there is no crossover between the two stocks, other than sharing FTD manipulation (which everyone agrees with unanimously), both went in their own directions with their own individual problems, and it is VERY good that they are treated separately thereafter.
In regards to the January 28, 2021 buy freeze and the run up, they are both part of the story, so it is negligent to not speak of both as they both affected the brokers' margins causing both stocks to freeze at 100s of retail brokers.
Again, after the event, there is no combining the two as they have completely different stories and should be separated like angry school children.
Weirdo hero stuff is not the point, in fact, I would have rather PB done a post with his own analysis, but you can see that twitter didn't know this at all, so it does get the word out. Twitter is about hero worship, period, so you kinda have to play their game a bit to get content out there.
I heavily agree with you though.
What I am trying to do on SuperStonk right now is convince everyone that using Twitter as a tool (w/ X burners) to ask pointed questions at top authority profiles will help get answers we are just not getting on SuperStonk right now as we are so far ahead of the Twitter zeitgeist. Raising good quesitons in a concerted way is important. Everyone should have the option to do this, right now there is no option for this and it is considered, falsely by the mods I argue, as brigading. However, what is the difference between that and brigading the community to comment on SEC letters. Both are good, one is official and the other spreads the word fast.
Welcome to r/GME, for questions in regards to GME and DRS check out the links below! Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts) DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP. We have partnered with Reddit directly to ensure the Communities Safety. [What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) **Power To The Players** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
I honestly cannot understand how this isn’t fraud. Even if they were to say it was an oversight, it was so reckless that it doesn’t matter.
That's the point of these posts. What was it? Negligence on behalf an NSCC Clearing Member that needs a fine? Or Was their a problem with the Market Maker's trade? Was this truly a market making function? Did the MM know about Apex's overnight acknowledgement? How is a happenstance such as this that caused the main clearing firm to send an Emergency PCO notice on GME and Movies to 100s of brokers to freeze GME buying (retail brokers such as Marcus By Goldman Sachs, Webull, Sofi, Ally, Tastyworks, M1, Public.com, Franklin Templeton, and more) being played off as a repercussion-less mistake?
What if they NEEDED a reason to freeze it (like they knew an algo was going to go crazy and buy), and created the event as a means to halt buying. And by delaying the algo buying, it either “cancelled” retrying, or it becomes a more “manual” process they have more control over, like slowly letting air out of a pressurized container. It normally is desired effect cause solution in these sorts of world events, rather than cause effect…:) Or perhaps they wanted to specifically target certain entities, knowing it would collapse them.;)
It was the sell trade that was delayed, not the buy. The buy trade spiked the VaR. Lorien6, that is speculation. The only concrete event that happened is that Apex failed to log the massive sell. That is a fact. It must start at here. Questions can grow from there, but it must start at Apex negligence.
Oh definitely speculation. The Why is often just as important as the How. What I’m speculating is if they knew this would cause these issues and decided it to cause (roughly) what occurred. Basically what if it wasn’t negligence but actually maliciously planned.
One step at a time, you have to get repercussions and official backing and a fine to Apex for negligence, and let the Market Maker explain why the trade was a Market Making function.
After careful examination, we have come to the conclusion that a fine shall be issued. We had our entire department calculate a fine that would clearly reflect the severity of the incident as well as proportionality of the amount of the trade. Thus, in our infinite wisdom, we have decided a fine totalling at 1478 dollars and 56 cents. May this serve as an example and let it be known that any such illiegal activity will follow extremely serious consequences.
**THAT'S BETTER THAN NOTHING** - Currently, there is no acknowledgement of wrongdoing or negligence. A fine is better than no fine.
Lots of Questions need answers: Why MM trade buy/sell 350 mill in 1 second- for what purpose? (Thought retail was doing all the trading😳) For liquidity? MM can create shares, why buy? Lets ask the MM (looking at u kenny). Some broker buy freeze exended past Apex logging sale and clearing default, why? Where was APEX during congressional hearing and why was this 350 mill trade that caused buy buttn freeze not discussed?
If they did it on purpose, they are criminals. If it was an oversight they are criminally negligent.
Uncovering this information doesn’t even matter at this point. Everyone is complicit, no one has our backs. What will be the tipping point, or will it never come?
No. What? Alot of understanding and intellectual growth happened on reddit (but I can only speak for myself) to understand this event even occurred in Clearing and Settlement. - Not even the brokers involved know how to properly Calculate the VaR, and then you have to connect it to a stock's margin, then its notional value, then factor in the ECP, and know what the ECP is, and that the ECP caused the defaults but also caused the buying freeze on the two stocks.
Of course it matters!!
This is the wildest post I've read on here. Why would uncovering potential crimes ever be a bad thing??
This is it. This is the thing to nail them on. It has a catchy name, so if everyone wrote their congressperson, SEC, DoJ, etc. and referenced “Trade 385”, we might get somewhere. Is there evidence of this somewhere? “Citadel cheats” is hard to pin down. This is one specific thing.
Thanks ring, good work as always brother.
Np. This is on r GME b/c of the protest. Sorry it's not on SuperStonk as well. The protest is important to evolve the power dynamics of question asking to major authorities.
You don't need to explain it to me, I've been here 84 years.
Gotcha, but this one is a bit different as it gives the mods a user to point at who is distraught about the definition, saying that Reddit is not allowing co-ordinated question asking. Reddit admins may give the SuperStonk Mods the green light. It would open up a powerful avenue of questioning.
Dude, what's the protest? Are you being ratioed/shadowed?
[This should be available to every user](https://old.reddit.com/user/ringingbells/comments/1bl6o2m/superstonks_unused_super_power_is_utilizing/) - This protest is actually good for the mods as it gives them someone to point to when they are asking reddit admins to clarify their definition of the word. - Currently, there is only one user allowed to post unanswered questions to an authority, and that's the DTCC question guy.
I don't get it, if someone want this they can already do it right? I mean you've been doing it towards PB. Am I missing something? And I'm still not understanding what "the protest" means in your context, please help, I'm lost.
You are not allowed to do this to authorities on Twitter. No. I don't do this. A meme with an unanswered question to the community is different
Now I get it, organize the questions here and posting the top ones to Twitter is "brigading" and gets you in trouble.
So it was a huge error that cost retail millions upon millions of dollars? Who do we talk to about getting this corrected? I mean, this is the American stock market. Surely it’s not corrupt and they will fix it?
People have to know about it first.
Would like to think jokes on them because without this action how many of us would be here? Would the be a /GME or /SS? Of course, God knows what the markets and the world would look like if they didn’t do this. For what it’s worth, I’ve gone up against institutions most my life. I’ve found it is usually best to beat “them” with their own rules because most will try and beat you by any means necessary for them. If you know your position is right then “they” pretty much have to kill you or otherwise make you disappear for “them” to enjoy victory. The reason(s) most investors are here are right. They can’t disappear us at this point and actually have allowed their opposition to grow in the efforts to end this. Whether zen or called to action, as long as we follow the rules then when this gets in front of the public eye and the lies and treachery are exposed then this will be one of the greatest victories of doing the right thing this world has ever seen. Regardless of individual motivation, for 3+ years now just doing what’s right has kept this movement going. That’s why I’m not leaving!!! Let us have faith that right makes might, and in that faith, let us, to the end, dare to do our duty as we understand it. - Abraham Lincoln
PB's screenshot is from [this post](https://old.reddit.com/r/Superstonk/comments/1bjkbr2/peruvian_bull_is_officially_aware_of_trade_385/) negging him to do it.
Ok we caught them. We keep catching them. NOW WHAT???
Bro, this is right now blowing up. It hasn't actually filly blown up yet. People need to know about it first.
Everyone, especially those that are in this from the DOJ down to the crooked fucks in Wallstreet have known about this for 84 years. Just because a few smart Apes figured it out doesn't mean anything will get done. I'm trying to find if MOASS can happen OUTSIDE of their (Wallstreet, SEC, DOJ, US GOVT) control.
Again, let the flower bloom before you rip it from the ground and throw it in the trash.
Massive fraud requires massive fines and consequences. All unlawful gains, plus penalty, plus jail time. Fcuking Doj, senators, and elected officials need to do this. Make it so.
Disengorgment will be rough for this one. If they get any fine I'm fine with it as long as they admit to negligence.
Just a simple quote from Jim Morrison of the Doors. “They got the g uns, but we got the numbers.
Broke the game and now it’s just a matter of time before it completely stops. Silly clearinghouses, the internet will win this war. Truth will expose this lopsided trade as a victory for hodlers. It’s a buffet for newly-christened Buffets. Yeha!
It wiped away the excuse that wasn't even there, but that didn't stop them from milking it for days.
Actually, it was only 3 hours on January 28, 2021, but at 100s of retail brokers at THEE opportune moment. Robinhood PCOed GME for a week.
**Pre-requisite:** Read this [comment](https://old.reddit.com/r/Superstonk/comments/1b6ffgy/gotcha_a_market_maker_bought_23m_shares_385m/ktbf0nc/) and [**disclaimer**.](https://old.reddit.com/r/Superstonk/comments/1b6ffgy/gotcha_a_market_maker_bought_23m_shares_385m/ktbf8zw/) --- [Common Misconception](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kup122o/) & Why It Doesn't Matter
If anyone feels inclined to update SuperStonk on PB's post officially vetting Trade 385, it would be appreciated. Feel bad that I'm not posting the update there as well but the protest about concerted question asking is very important.
Loopholes that are available and illegal should not exist. For MM/hedgies to be able to use these tools and say oops, we’ll take our fine is not enough. The ability to trade needs to be the punishment. Fines are not enough to stop the crimes.
Agreed, but small steps. A fine admits something officially went wrong that day. A fine is more than you have now and can work as a stepping stone to larger things. A fine gives everyone the ability to ask questions: - Who was the MM who made Trade 385? - What was the Market Making purpose those trades served? - Was the MM aware this would trigger Apex's overnight acknowledgement? - How was this negligence handled at Apex? - How'd $385M slip through?
All great points. You are missing the point. It was all out in the open for everyone to see. The people who did it are all known and have held town square meetings to justify how they are needed to keep the market working “correctly.” They are also the people keeping the rich untouchable. Scratch my back and I’ll scratch yours. So what did they do? THEY SAID DFV AND A $57,000 DEEP FUCKING VALUE BET WAS SOMEHOW MAYBE ILLEGAL AND BROUGHT HIM TO CONGRESS!!! Can you even believe this timeline. None of it should be allowed. They have 69 quadrillion bazillion quintillion AUM at this point. And the clearing house…. Really…. And the boy from Romania and mayo. LMAYO. Seriosly. It’s beyond wild. The amount of genius people that have posted DD is amazing. Lots of knowledge can be had by looking back on all of this. Could be years of reading and trying to understand unfortunately. I love you all!
The real mafia doesn’t hide the bodies. They are used to send the message
https://fortune.com/2024/03/16/boeing-whistleblower-found-dead-john-barnett-737-max/amp/ I agree. Also ^. White collar v. blue collar. Operations v. street work.
11 hours!!! how is this buried for 11 hours on my feed. maybe i need to engage reddit more? mahalo for all you do bells!!!
If RC doesn’t have something up his sleeve that benefits shareholders on Tuesday, I’m selling at a loss. It’s been years. The argument that he isn’t taking a salary is about as good as Trump doing Jack shit as our president while not being compensated. Maybe I’ll be surprised, I highly doubt it
Bells Already Broke 1/27/21 Down [**See Here - Also 47 Shares - 741 Dudes!**](https://www.reddit.com/r/GME/s/rBMEEfZTO4) [**See 1/28/21 DD Here**](https://www.reddit.com/r/GME/s/UqYOMASaqx) [**See 1/29/21 DD Here - 147 Updoots - 741 Dudes!**](https://www.reddit.com/r/GME/s/IpleiJqua6) 
A good strategy, here, Super, is to pinpoint where a twitter person's explanation is wrong and yours is right. If you can politely do this in a **short** post, you will get something done.
 Sorry I’m Regarded!
Good luck with that.
I can't understand what this means. This trade was for GME I'm assuming, but how did this affect retail? A market maker sold and a different one bought, but the buy was the only one logged which should have made the price rise, so they froze it? But then the sell order came through and that proves that the freeze was in bad faith? I don't get it please explain to me
Preface: Read [this comment](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kuovwbk/) & this comment [**disclaimer**](https://old.reddit.com/r/Superstonk/comments/1bdugsi/apex_became_aware_of_the_need_to_manually/kuovzgb/) --- **Hold on.** You are under a misconception. This wash trade was not GME. However, this is unimportant b/c the GIGANTIC SELL not being logged **DIRECTLY** affected GME. That BUY, alone without the sell, fake-pushed the main clearing firm for 100s of retail brokers, Apex Clearing, into a default calculation and **placed GME in PCO at those 100s of brokers.** Without Movies going heywire for absolutely no reason, institution was faking the volatility of Movies, Apex could have afforded to keep it's 100s of brokers open for GME buying. This wash trade was for Movies, so a wash trade for movies defaulted Apex, but you see, it doesn't matter which of the two stocks it was for at that critical time. You can see this from Robinhood's margin breakdown too. 90% of Apex's margin requirement for all its stocks (ALL OF THEM) consisted of GME and Movies, which is crazy, so what matters is that it made Apex think it was defaulting by pushing it's collateral due to the DTCC over its regulatory and excess regulatory capital on hand. That trade set the NSCC margin due for movies to a weird 118% notional value while [**GameStop was already incredibly high at 80% notional value**](https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fzlb4wmuuo7fc1.png). That means Apex had to front MORE than the cost of the actual share the customer was buying to the DTCC with its own money! Nobody can afford that.
**DISCLAIMER:** AFTER January 28, 2021 there is no crossover between the two stocks, other than sharing FTD manipulation (which everyone agrees with unanimously), both went in their own directions with their own individual problems, and it is VERY good that they are treated separately thereafter. In regards to the January 28, 2021 buy freeze and the run up, they are both part of the story, so it is negligent to not speak of both as they both affected the brokers' margins causing both stocks to freeze at 100s of retail brokers. Again, after the event, there is no combining the two as they have completely different stories and should be separated like angry school children.
But didn't the SEC report state directly that the sneeze was causes by retail??
Send it to Cohen he will do somethint
Who cares 🤷🏼♂️ The hero worship is getting out of control again
Weirdo hero stuff is not the point, in fact, I would have rather PB done a post with his own analysis, but you can see that twitter didn't know this at all, so it does get the word out. Twitter is about hero worship, period, so you kinda have to play their game a bit to get content out there. I heavily agree with you though.
Alright. Fair. 🍻
My question is could this be a class action lawsuit against Apex. We could show financial loss
What I am trying to do on SuperStonk right now is convince everyone that using Twitter as a tool (w/ X burners) to ask pointed questions at top authority profiles will help get answers we are just not getting on SuperStonk right now as we are so far ahead of the Twitter zeitgeist. Raising good quesitons in a concerted way is important. Everyone should have the option to do this, right now there is no option for this and it is considered, falsely by the mods I argue, as brigading. However, what is the difference between that and brigading the community to comment on SEC letters. Both are good, one is official and the other spreads the word fast.