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GME.
But GME is down 100 so someone was selling. Was bid up to $385 which I'm not sure the hedgies would??
GME.
Not really "selling": Counterfeit shares, semi-legally created via "naked shorting"But GME is down 100 so someone was selling.
Which begs the question, who validates shares? Are there serial numbers for each share? How do you identify counterfeit stock, and once it is identified how is it remedied?Cointerfeit shares, semi-legally created via "naked shorting"
The DTCC holds and really owns all the shares that are held in "street"name. At least that is my understanding. And they are the ones responsible for doing all of the settlements.
Yes,of course, a blockchain. But there are much simpler things they could do in the meantime, and they are not doing them.True. I used to work for a mutual fund company, and DTCC is the hub of it all. But they're a dinosaur and they are out of control. Lots of things are out of balance.
DTCC needs to get into the 21st century, and put all the shares of all the securities on a blockchain. Everything will always be in balance and trades will settle in 3 hours instead of 3 days (or longer).
This issue only comes up, rarely, when a company is sold.Which begs the question, who validates shares? Are there serial numbers for each share? How do you identify counterfeit stock, and once it is identified how is it remedied?
I am no expert, but I will try to answer/guessWhich begs the question, who validates shares? Are there serial numbers for each share? How do you identify counterfeit stock, and once it is identified how is it remedied?
Coming back to reality, but the WSB retards are still holding.
anyone have a clue as to short positions?
View attachment 200730
Shocking. <yawn>
Shocking. <yawn>
View attachment 200742
https://finance.yahoo.com/quote/GME/key-statistics/
The stock market is a fraudulent enterprise. Run away.
They don't wish you to be able to operate on current information...while they counterfeit nearly everything constantly and use those counterfeits to rig allegedly free markets.Note how old that data is, Jan 15 was just 2-3 days into the big breakout. Now, all guesses at short interest today or yesterday are all guesses. It takes 8 freaking business days after the 15th or 31st to report the next short interest.
Mark Cuban on WSB
https://www.reddit.com/r/wallstreetbets/comments/lawubt
But GME is down 100 so someone was selling. Was bid up to $385 which I'm not sure the hedgies would??
39% short interest last I heard.
Originally had somewhere between 114% and 140%.
Shorts had their chance to get out cheap for a while. They didn't., and now they are going to reap the whirlwind.
This is a game that can be played repeatedly, there are way too many shorters.Shorts had their chance to get out cheap for a while. They didn't., and now they are going to reap the whirlwind.
If those WSB guys that were underwater on GME long positions aren't selling into this latest price spike...well at some point, what can you say. GTFO.
They've proven they can hurt the hedge fund crooks. They've proven the equity markets are fake and blatantly rigged. They've proven that regulators don't give a damn what happens to little people. No sense being a financial martyr for stubborn's sake.