Not giving any advice, just posting it as I see it. Everybody must do their own DD. NAOMO=Not Advice, Only My Opinion.
🚀 DOES NOT MEAN a financial ROI.
To catch a falling knife
Here is my opinion of what is happening: The FED, the banks, the politicians and Main Stream media tells you inflation is under control.
1. The FED will cut interest rates.
2. The media will convince you the soft landing is over and nobody can stop
$GME
They've borrowed 1.1 million shares, so far to short premarket.
Before the market opens, the open interest on options is recalculated and the market maker adjust the hedges after market opens.
If the price is higher, than the previous day's close, the market maker must buy
$GME
#GME
Here is how I saw yesterday played out (off course pure speculation)
08:00 Margin call, to hedge fund in trouble, 1 hour to find additional collateral
08:15 Competitor hedge fund find out about the margin call. The price must stay above $27.58.
08:20 They load two
$GME
#GME
Today was the first day that I noticed we went through an entire day without updated open interest data.
The market maker was suppose to buy shares at market open to hedge all the calls that moved into the money during the night and buy more shares to drop the hedge on
$GME
#GME
The shorts was so eager to block RK from causing
#MOASS
yesterday they borrowed around 2.5 million shares, sold it, couldn't return it, and caused the rebate to go to -3.48%.
"A negative rebate fee means the security is hard-to-borrow". And we all know what happens
@adcock_brett
People work for money and experience, if you want loyalty buy a dog.
After two years in a job you must have accumulated all the experience you can possibly gained from it and you should either get promoted or leave.
I'd rather appoint somebody who has two years each experience
$GME
#GME
They dumped 150K shares in premarket to drop the price and it only took 50K to move it higher than before their dump started.
Yesterday they couldn't short premarket enough, so we had no updated open interest data. I wonder if it will be updated today. Maybe the market
As an investor in $GME, I demand that the
@SECGov
issue an emergency order, effective immediately, to halt short selling in $GME pursuant to its authority in Section 12(k)(2) of the Securities Exchange Act of 1934, until the entire FTX fiasco is resolved.
$GME
#GME
How the tables have turned!
The high borrowing fee is not only applicable to new borrows, like locked in rates on mortgages. It applies to all $GME shares, borrowed and not returned, since time began.
❤️ $GME
#GME
with 102.14% improvement in profitability and a profitable fiscal year for the first time in many years, when many retailers closed their doors, is close to a miracle.
@ryancohen
showed us again, the impossible he does at once, miracles take a little longer!
$GME
#GME
How quickly we forget the fundamentals when shorts sellers short the price a bit and spread fear, uncertainty and doubt through the main stream media that they own or control!
#GameStop
is a seasonal company and Q1 is normally its weakest quarter after the holiday
Looks to me like:
1. FTX created and sold $GME tokenised shares.
2. Real shares were never bought to back the tokens.
3. Tokenised shares were lent to shorts to sell on the lit exchange
4. Shorts borrowed and sold the same shares ad infinitum
$GME
#GME
Did you know?
You don't have to wait until June 21st to exercise ITM calls expiring on June 21st.
You may exercise them now and if you hit the "Final" button, before you submit the request, they are reflected in your account immediately and must be delivered by
$GME
#GME
took another $2.137 billion that would have gone to short sellers and banked it for us.
The nice thing is,
#GameStop
can do this again and again and again while there are lots of open short positions.
I expect other companies in the same position will now start
$GME
#GME
Closing at $26.50 after being burgled in the early morning hours of premarket, by short sellers selling borrowed shares into low volume, when normal investors were fast asleep.
We've seen how companies, involved in yesterday's "glitch" were sold off today, giving me
$GME
#GME
#GameStop
There's only 800K shares left of the original 5 million available to borrow. The borrowing fee increased Friday after hours and the rebate went negative as they couldn't return the borrowed shares.
With more than 650,000 people logging in for
$GME
#GME
#GameStop
Just like Amazon is no longer a book store, Samsung is no longer a grocery store and Tesla is no longer an EV manufacturer, GameStop is no longer a video game retailer.
Once you accept that, you understand what is happening.
@FT
"The end of the year" sounds so far, so everybody can relax. What it should have said is: The White House has warned the US will run out of funds for Ukraine by the end of the month. As the end of the year is in 27 days.
$GME
#GME
Those $20 calls for June 21st is developing into a time bomb.
We've seen the daily purchases in blocks of 5K shares at a time. I think the market maker is hedging them around 60%
I also think, the buyer, if an investor, has no intention of selling them for profit as
#GME
To avoid NSCC FTD fees going from $0.25 to $3.00 per FTD per day, they have to roll the millions of $GME FTDs created, as a result of the split, within 29 days of the split date. Something exciting to look forward to.
❤️
#GME
$GME
The RegSho list is getting longer by the day. Now already FOUR pages of securities with unreasonable number of Fails To Deliver. What a condemning testimony against
@GaryGensler
and
@SECGov
for not doing their jobs.
#GME
#GMESQUEEZE
The real pig in the $GME story is the DTCC. As a clearing house they told our brokers they've verified the authenticity of the shares and the broker could pay. Now they wave collateral requirements and won't issue margin calls to thieves who sold thin air to us.
$GME
#GME
Looks like they cannot buy back the millions of borrowed shares, that they sold this morning, to return it and the borrowing fee and rebate jumped again.
$GME
#GME
And suddenly the borrowing fee drops and rebate goes positive. They are playing mind games, off course they are reading our posts.
I'll just ignore them, GameStop has them by the short and curlies.
❤️ $GME
If Archegos swaps expires tomorrow and UBS decide to close out all the short positions, they will only absorb $5.4 billion in losses and the Swiss government will absorb the balance. UBS's CEO insisted that he will get rid of CS's risky investments. Lets see tomorrow!
#GME
#GMESQUEEZE
Jul 18th is the MOST IMPORTANT $GME date to remember. After that date everybody can lend out/sell their shares and still get the stock split dividend. The lenders will want all their shares back by Jul 18 to get the stock split dividend. Prepare for lift off!
$GME
#GME
#GameStop
GameStop Reports Best Results In Years.
Since the last time the stock price was this low the improvement in GameStop's financial position is undeniable.
Unfortunately the main stream media, which are mainly owned or controlled by hedge funds, won't report
#GME
#GMESQUEEZE
#GameStop
After voting in Ryan Cohen as chairman of the board, this was probably the most important vote that we got passed for $GME
Congratulations are in order! Spoil yourself today, you've earned it!
#GME
You have to be drowning in 💩 if you HAVE TO borrow 25,000 $GME shares at an breathtaking rate of 124.332% to save your ass. We can hold longer than they can stay solvent.
#GME
#GMESQUEEZE
The $GME split will instantly multiply FTDs by 4. If you had 1mil shorts, you now have 4mil shorts. The NSCC cost after 30 days would have been $3 million, now it's going to be $12 million. SHFs are squeezed some more!
$GME
#GME
For those complaining about the board issuing shares over the last three years, just look at the quarter income statements below.
One is with interest income and the other without. The picture without interest is actually worse as GameStop would have had an interest
$GME
#GME
How do short sellers roll their short positions and make money?
By pumping the price, get retail to FOMO, selling them counterfeit shares high and buying it back low.
By issuing shares,
#GameStop
just took away their business, the bread out of their mouths and they
❤️ $GME
So what happened after the good news from
#GameStop
? The short sellers borrowed 700 thousand shares from IBKR and who know how many more from Fidelity. In my opinion, the short sellers, market makers, DTCC, SEC, FED and government cannot afford for
#GameStop
to squeeze.
#GME
The last $GME Golden Cross was Sep 8, 2020 when the price was $7.72 and it went up to $483 or 6156.47% on Jan 28, 2021.
So let nobody diminishes the value of a golden cross.
$GME
#GME
- Predatory Short Selling
After dropping the price through filling small buy orders off exchange at lower and lower prices, they dumped around 120,000 shares in 7 seconds to push the price, from $20.02 to $19.99, below the support of $20.
That is predatory short
The
#GME
squeeze has already started. $GME shorts are being squeezed by:
1. Retail still buying and not selling or lending.
2. Lenders increasing borrowing fees.
3. Increased NSCC fees for Fails to Deliver
We are holding longer than they are staying solvent, ask Melvin.💎🙌🚀🌕
$GME
#GME
And the rebate went negative again because $GME hard-to-borrow again!
Off course
@TheRoaringKitty
's more than 8million shares must be delivered by close tomorrow.
❤️ $GME
Wondered where the millions of shares, displayed on IBKR, suddenly came from last month. No need to wonder any longer, XRT created another 4,340,000 shares, out of thin air, and is now 22,380,000 shares or 344.31% short.
#GME
#GameStop
Was yesterday's halt a result of a pump and dump on $GME and other stocks, with the intent of manipulating the market, to scare investors into panic selling? I think
@SECGov
and
@DOJCrimDiv
should look who was buying and selling during this time causing the halt.
$GME
#GME
#GameStop
Selling 45 million shares during a short squeeze is not going to make any difference, when hundreds of millions of shares are traded, but the cash on hand increase may propel the company into the stratosphere.
As always not advice, only my opinion, you must
❤️
#GME
Not a SINGLE sell order for $GME this morning. I bought 700 and it went straight to the dark pool. Wonder if it has anything to do with Carl Icahn possibly buying $GME shares.
@ryancohen
Congratulations to
#GameStop
management and staff, on better than expected results, during one of the worst economic declines in decades. We salute you.
❤️
#GME
$GME
❤️ $GME when it has about 30% of its market cap in cash. I wonder how many short sellers will survive if the board suddenly decides to declare a $3 interim dividend and retail decides to re-invest its dividend in more $GME shares?
❤️ $GME
Now we know where those shares suddenly came from: They raided $XRT again, legally creating 2.2 million counterfeit securities (aka naked shorts) and dumped it on the exchange to induce a panic sell. They HAVE TO buy each and every one of them back to return it later .
❤️ $GME
Wondered where all the shares came from that they were using to short. They've created 910,000 more naked shorts through $XRT which now is 36,870,000 (Thirty six million, eight hundred and seventy thousand) or 1,372.65% shares short.
$GME
#GME
Congratulations to
@ryancohen
and
@gamestop
on the excellent results.
You have exceeded our wildest expectations again.
I said the analysts have a snowball's hope in hell if they think GameStop will deteriorate 826.8% compared to Q2 2023.
Improvement for the
Another reason why
#GME
split is going to destroy SHFs.
It's cheap to pay NSCC $3/day for a $120 $GME share that FTD. It's very expensive to pay NSCC $3/day for a $30 $GME share that FTD.
@KobeissiLetter
I think Disney, $DIS have more to worry about than advertising on X. The stock is going down, they tried to break through the resistance in pre-market and it failed as soon as the market opened. It is squeezing now and looks to me like its going to fire downwards.
$GME
#GME
back to their old tricks where every single sell order is routed to the exchange and most buy orders are filled off exchange at lower and lower prices.
Thanks Gary Gensler, for payment for order flow, this is how it protects retail and contributes to capital formation.
$GME
Just bought 1625 counterfeit securities. Didn't even appear on the order book, as soon as I swiped submit, it was filled, no price discovery, and then off course the price drops.
$GME
#GME
Dumping 11.6 million shares during the meeting and pushing rsi to the brink of oversold, providing an opportunity to pick up shares at $24.221. Buy volume was 9.3 million.
I think the volume is too high for those shares to have been traded by retail, we are watching
❤️ $GME
You can see why defending $17.45 is so important for short sellers. It's a 3 year resistance that they do not want investors to change into a support by crossing it.
$GME
#GME
The last time the price was this low in February 2021,
#GameStop
:
Reported a loss of $3.31 per share, had $1.5 billion current assets and $2 billion liabilities.
Now it reported a profit of $0.02 per share ($0.08 per share pre-split), has $2 billion current assets and
#GME
#GMESQUEEZE
Today is the last day to deliver 170,797 $GME shares that failed to deliver on May 24. However, the DTCC may waive collateral requirements and refuse to issue margin calls if they think it may expose themselves to financial risk.
#GME
Every $GME 1 fail to deliver will split tonight and from tomorrow 4 shares will fail to deliver and must be delivered. NSCC fees for $GME FTDs also increases 4 fold from tomorrow, as it is per share that FTD.
#GME
$GME
@SECGov
Dark pools which were supposed to be used for large block trades of intuitional investors are now being abused with small trades, to manipulate the market. It should be banned until checks are in place to prevent this behaviour.