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A picture of a short squeeze in progress...

^updated^

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ds_mustang

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Insanity starting in stocks like AMC too. This is shorts being forced out of the most heavily shorted stocks (and the more shorts are forced to buy to get out of their shorts, the more the stock goes up forcing even more shorts to buy out of their shorts). I'm hoping this means we're late stage in the insanity happening in our equity market where stocks go UP during a recession. Maybe we're near a return to sanity next.... however that will mean a bear market of epic proportions and probably a crash. All those thinking inflation is what is causing things to go up will get a rude wake up call.
 

EO 11110

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also i-robot and tanger factory outlet and iron mountain reit
 

EO 11110

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cnbc was kvetching on a long segment this morning -- somebody needs to do something -- ring fence -- sec -- circuit breaker -- track down all trades and their message board postings

trying to frame people talking on redditt about stock trading is illegal - amazing

the wrong (people) are losing money
 

ds_mustang

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cnbc was kvetching on a long segment this morning -- somebody needs to do something -- ring fence -- sec -- circuit breaker -- track down all trades and their message board postings

trying to frame people talking on redditt about stock trading is illegal - amazing

the wrong (people) are losing money

Someone needs to explain to them that interventionism is not the answer. Interventionism is how we ended up with the broken markets that we're seeing in the first place. Stop all the "help" and just let the markets be free.
 

specsaregood

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cnbc was kvetching on a long segment this morning -- somebody needs to do something -- ring fence -- sec -- circuit breaker -- track down all trades and their message board postings

trying to frame people talking on redditt about stock trading is illegal - amazing

the wrong (people) are losing money

I read CNBC was claiming the hedgefund that had the massive shorts on GME already got out completely. LOL, total bullshit.
 

EO 11110

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Someone needs to explain to them that interventionism is not the answer. Interventionism is how we ended up with the broken markets that we're seeing in the first place. Stop all the "help" and just let the markets be free.

the hypocrisy is off the charts. the shorts regularly coordinate their attacks. then there's the naked shorting. etc...
 

Fatrat

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Spank the shorts...
 

EO 11110

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ha ha! ameritrade is banning trades in those stocks

the empire strikes back
 

Mujahideen

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What the hell is going on?
 

EO 11110

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options are involved too - the little guys using leverage, just like the vipers do
 

EO 11110

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just sold BGS. there screwing with that one too. Bought it for the divi but could not pass up the profit.

good move. you'll be able to go back in after the dust settles.
 

EO 11110

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koss, expr also moving up strong
 

specsaregood

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ha ha! ameritrade is banning trades in those stocks
the empire strikes back

Evidently they are now allowing selling but not buying. lol, rigged
 

ds_mustang

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What the hell is going on?

Game Stop had something like 140% of its float short. That means more people had shorted shares of stock than there was stock that existed. This was because it was a good short candidate and a lot of people shorted. However the way shorting works is you borrow shares and sell them, then in the future (hopefully after price has fallen) you buy the shares back to return them to who you borrowed them from. So more shares were shorted than existed, and one day they need to be bought back. When the stock started rising shorts started getting forced out of their position.... that causes them to buy. That buying pushes the stock up more which forces more shorts out and they have to buy too, which pushes the stock up more... lather, rinse, repeat.

People are now looking for other stocks with > 100% of their float short in order to buy so shorts are forced out and the stock goes up in a squeeze.
 

Mujahideen

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I made $19 in a matter of seconds lmao
 

solarion

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^^LMAO ...and people take "the markets" seriously.

Game Stop had something like 140% of its float short. That means more people had shorted shares of stock than there was stock that existed. This was because it was a good short candidate and a lot of people shorted. However the way shorting works is you borrow shares and sell them, then in the future (hopefully after price has fallen) you buy the shares back to return them to who you borrowed them from. So more shares were shorted than existed, and one day they need to be bought back. When the stock started rising shorts started getting forced out of their position.... that causes them to buy. That buying pushes the stock up more which forces more shorts out and they have to buy too, which pushes the stock up more... lather, rinse, repeat.

People are now looking for other stocks with > 100% of their float short in order to buy so shorts are forced out and the stock goes up in a squeeze.
It must be nice to be a "market maker" and be one of the "chosen" that are allowed to counterfeit shares.
 

specsaregood

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Game Stop had something like 140% of its float short.

IIRC, when somebody first posted about it here on GIM it was closer to 200% shorted. Blatant rigging.
 

EO 11110

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epic argument on cnbc ongoing - host (control room ear piece) arguing that the 'little people' are going to get hurt by this - so it needs to be dealt with

guest is saying all the right things -- hedge funds created this situation. and they got bailed out in 2008 after those losses. nobody bails out the little people
 

specsaregood

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You know that ex-CEO of overstock is having fun watching this. After all those years of the market makers and talking heads saying naked shorts don't really exist/happen. While he was arguing naked shorts were trying to kill his company.
 

EO 11110

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You know that ex-CEO of overstock is having fun watching this. After all those years of the market makers and talking heads saying naked shorts don't really exist/happen. While he was arguing naked shorts were trying to kill his company.

the tesla guy too - they tried and failed to take it out a long time ago. i wonder if he's playing in this game. wouldnt surprise me

there has to be some big firepower involved
 

ds_mustang

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Anyone holding those shares long better have a good crash helmet. Price could open up 50-80% down one day soon and still be massively overvalued. And one day such a huge overnight drop will likely happen.
 

itsamess

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ha ha! ameritrade is banning trades in those stocks

the empire strikes back

"Security impacts related to market conditions

In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities. We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
 

specsaregood

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the wrong (people) are losing money

Guess you were right; they made some calls. News now reporting that the whitehouse is monitoring the situation with $GME. lol, next they will label all these wsb guys as terrorists.
 

solarion

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We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
Free markets...my ass. What are those "other factors"? TBTF protected class speculators getting reamed without lube?

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At least BofA raised their target price to $10. hahaha
 

BarnacleBob

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The pains & penalties that the elites are gonna pay for the 2020 RIGGED Election are beginning to organize....

Nasdaq CEO Friedman says the exchange will halt trading in a stock if they link unusual activity to social media chatter

  • Nasdaq CEO Adena Friedman told CNBC the exchange tracks social media chatter.
  • She said the Nasdaq will halt trading if they link chatter to unusual activity in a particular stock.
  • Friedman said it's unclear whether recent Reddit activity would be considered illegal by the SEC.

https://markets.businessinsider.com...riedman-market-manipulation-2021-1-1030011156
 

specsaregood

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  • Nasdaq CEO Adena Friedman told CNBC the exchange tracks social media chatter.
  • She said the Nasdaq will halt trading if they link chatter to unusual activity in a particular stock.
  • Friedman said it's unclear whether recent Reddit activity would be considered illegal by the SEC.
lol, they have decided they will not let the mundanes coordinate or discuss their purchases any longer? color me completely unsurprised.
 

Goldhedge

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Pucker factor....
 

Goldbrix

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cnbc was kvetching on a long segment this morning -- somebody needs to do something -- ring fence -- sec -- circuit breaker -- track down all trades and their message board postings

trying to frame people talking on redditt about stock trading is illegal - amazing

the wrong (people) are losing money
Some hedge funds were shorting GameStop to the tune of 140% . Charles Pain of Fox Business was giving these fund managers the blues today. He says hedge fund operators were crying for the regulators to get involved. Where were their cries when THEY were shorting Exxon ?, BoA ? and many others to the detriment of seniors and their retirement accounts ? LMFAO
 

Goldbrix

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If you can ban the prez from S/M, no reason ya can't do the same thing for any reason.
no censorship in USSA.

BF
SHUSH, BF don't give them F'n' techno-brats any ideas.
 

Voodoo

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The thread on the SEC that I started has a bunch of my posts on the setup. Anyway. I love this response from WSB to the SEC. Of course the SEC is sniffing around to protect their own and not touching some actual needed reforms.

https://www.zerohedge.com/markets/sec-joins-biden-admin-actively-monitoring-option-volatility

"To the SEC retards in this sub: go fuck yourself. Why don't you start investigating why companies can shut down trading so their hedge fund buddies don't lose money. But when people lose money it's completely okay. Eat a dick," r/WallStreetBets said, which has already garnered 122k upvotes.

:dduck::dduck::dduck:

Edit: Link to the other thread. https://www.goldismoney2.com/threads/sec-rule-change-and-paper-stock-certificates.349259/
 

Zed

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IIRC, when somebody first posted about it here on GIM it was closer to 200% shorted. Blatant rigging.

The first point is that as soon as you take margin you have agreed to lend anything you buy to short sellers, this is in almost every margin lending agreement.

Sooooo... actually it can happen without rigging. I lend my stock to be sold short, it gets sold, short seller owes me stock, the new owner of the stock lends it to be short sold, it gets sold, short seller owes him stock ---> loop, loop, loop etc.

Unlike fractional reserve banking there is no reserve held so the short sold stocks can loop forever and in theory you can build up many times the stocks float in short sellers that owe stock to lenders. The game works while the stock is going down, when it starts going up the fact that there are more shares sold short than there are to be bought turns the whole thing into a financial powder keg.
 

Voodoo

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The first point is that as soon as you take margin you have agreed to lend anything you buy to short sellers, this is in almost every margin lending agreement.

Sooooo... actually it can happen without rigging. I lend my stock to be sold short, it gets sold, short seller owes me stock, the new owner of the stock lends it to be short sold, it gets sold, short seller owes him stock ---> loop, loop, loop etc.

Unlike fractional reserve banking there is no reserve held so the short sold stocks can loop forever and in theory you can build up many times the stocks float in short sellers that owe stock to lenders. The game works while the stock is going down, when it starts going up the fact that there are more shares sold short than there are to be bought turns the whole thing into a financial powder keg.

That's a regular short but the US market is so broken they've allowed naked shorting for a long time. A regular short sale would not allow for 50 some million trading shares and 70+ million shorts.
 

Zed

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That's a regular short but the US market is so broken they've allowed naked shorting for a long time.

Yes, I know... but aside from that this can still happen.

+ they don't allow it, but you can game the system to naked short. You need to be setup properly to do it aka at least two brokers acting in concert. Then you will see them on the regsho lists from time to time.

https://www.nyse.com/regulation/threshold-securities

Interestingly MicroSectors Gold Miners 3x Leveraged ETN is on the RegSho list, some one is naked short selling it!
 

Voodoo

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Yes, I know... but aside from that this can still happen.

+ they don't allow it, but you can game the system to naked short. You need to be setup properly to do it aka at least two brokers acting in concert. Then you will see them on the regsho lists from time to time.

https://www.nyse.com/regulation/threshold-securities

Interestingly MicroSectors Gold Miners 3x Leveraged ETN is on the RegSho list, some one is naked short selling it!

It's been a game to naked short companies to oblivion. Yet the shorters Never cover, because then they don't even pay taxes on the trade. They just leave the companies as a zombie. This is how they destroyed Overstock and Patrick Bryne in 2008ish. And probably so many companies we could never compile a list.
 

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It's been a game to naked short companies to oblivion. Yet the shorters Never cover, because then they don't even pay taxes on the trade. They just leave the companies as a zombie. This is how they destroyed Overstock and Patrick Bryne in 2008ish. And probably so many companies we could never compile a list.
Now the DS is using it to crash the market and burst the stock market bubble and watch the people turn to the government to ride in on its shiny white horse and save the day once again. Humans never learn from history. We're always doomed to repeat it because we're THAT FUCKING STUPID!
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