• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

A picture of a short squeeze in progress...

the_shootist

I identify as already vaccinated so I'm good!
Midas Member
Sr Midas Supporter +++
Joined
May 31, 2015
Messages
60,869
Reaction score
119,049
Location
Earth

hammerhead

Morphing
Midas Member
Midas Supporter ++
Joined
Feb 22, 2012
Messages
13,481
Reaction score
19,320
Location
USSA
I think it's becoming like a Space X rocket...goes up, comes down, stops, goes sideways then explodes.

Hoping I'm wrong...to the moon, Alice..whack...zoom!!
I agree with your forecast and I'm thinking it's much ado about nothing.
 

the_shootist

I identify as already vaccinated so I'm good!
Midas Member
Sr Midas Supporter +++
Joined
May 31, 2015
Messages
60,869
Reaction score
119,049
Location
Earth
1612199557117.png
 

gringott

"Internet Influencer"
Midas Member
Site Supporter ++
Joined
Apr 2, 2010
Messages
17,626
Reaction score
27,001
Location
Stable
Like when Clinton bought cattle futures. The firm bought both sides, the side that "won" was Hillary's buy, the "losing" side was "somebody else's bet". After the fact.
An early form of "gofundme" and "speech making fees" and "book advance".
 

Ensoniq

Midas Member
Midas Member
Sr Midas Supporter +++
Joined
Apr 9, 2013
Messages
9,770
Reaction score
20,832
Location
North Carolina
Go long on Mutuals

If you want to gamble the waitresses are prettier in Vegas
 

Buck

Trying Something Different!
Midas Member
Sr Site Supporter
Joined
Apr 13, 2011
Messages
18,958
Reaction score
23,217
we've seen dollar days before

this all could be for 'something else'...'look over here'

anyone see anything else?...LOL

it IS war
 

gringott

"Internet Influencer"
Midas Member
Site Supporter ++
Joined
Apr 2, 2010
Messages
17,626
Reaction score
27,001
Location
Stable
Mutual of Omaha?
The wild kingdom dudes?
 

the_shootist

I identify as already vaccinated so I'm good!
Midas Member
Sr Midas Supporter +++
Joined
May 31, 2015
Messages
60,869
Reaction score
119,049
Location
Earth
1612202835756.png
 

Buck

Trying Something Different!
Midas Member
Sr Site Supporter
Joined
Apr 13, 2011
Messages
18,958
Reaction score
23,217

Buck

Trying Something Different!
Midas Member
Sr Site Supporter
Joined
Apr 13, 2011
Messages
18,958
Reaction score
23,217
lol

it's like making a cake where the frosting on the top is thicker than the underlying cake

now, add sprinkles and the people will come


:summer:
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
4,316
Reaction score
6,555
Location
Deep Underground Bunker

It's also been noted places that many people were getting "Free" Gamestop stock last year when it was around $5. I had lots of suspicions that they never owned any of the stocks they "gave away". This would also explain how there are extra shares available and why RH needed to raise so much cash.
 

Brio

Midas Member
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
7,069
Reaction score
7,644
Sat aft my fav dealer had abundance of silver today nothing but 10 and 100oz bars. The ETFs can print all they like, when it comes to physical the market decides.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
7,315
Reaction score
16,312
Location
Northern Arizona
Shorting is one thing, neekid shorting is cr
Take a look at the premiums. Friday ASE $32, today $45.

Premiums tell the story, and the story is the spot price is pure fiction.
.
.
 
Last edited:

anywoundedduck

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
4,781
Reaction score
7,615
Location
Kentucky
Spot silver Friday close- $26.98
Spot silver Today's close- $28.55

View attachment 200607
Whoopdeedoo.
Love the dips cause we are buying more on the dips.
The paper spot price will soon be meaningless as the real price at the dealers is the only one that counts.
One ounce silver eagles are $45 at the silver store. The CRIMEX price will soon go to zero, as the CRIMEX becomes defunct.
Whoopdeedoo.
 

Brio

Midas Member
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
7,069
Reaction score
7,644
I'm reading rumors the phyzz move is real, just WSB removed all the threads thinking it was the hedgies trying to divert funds from GME.
It makes sense to me. I don't believe though that the shorts were reduced on GME, only group that benefits is the hedgies. I call BS on that.
 

Lancers32

Gold Member
Gold Chaser
Site Supporter
Joined
May 10, 2020
Messages
2,654
Reaction score
3,601
Location
NC
I'm reading rumors the phyzz move is real, just WSB removed all the threads thinking it was the hedgies trying to divert funds from GME.
It makes sense to me. I don't believe though that the shorts were reduced on GME, only group that benefits is the hedgies. I call BS on that.

Lot of the buying was from other hedge funds.
 

Brio

Midas Member
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
7,069
Reaction score
7,644

<SLV>

Platinum Bling
Sr Site Supporter
Platinum Bling
Joined
Apr 1, 2010
Messages
5,979
Reaction score
9,604
Cointerfeit shares, semi-legally created via "naked shorting"
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?
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
4,316
Reaction score
6,555
Location
Deep Underground Bunker
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.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
7,315
Reaction score
16,312
Location
Northern Arizona
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.

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).
 

Ebie

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
8,701
Reaction score
3,119
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).
Yes,of course, a blockchain. But there are much simpler things they could do in the meantime, and they are not doing them.
 

Ebie

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
8,701
Reaction score
3,119
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?
This issue only comes up, rarely, when a company is sold.
Sometimes they cannot sort out who owns what--or so I heard.
Also, companies, sometimes have elections.
I have heard that is is common that more than 100% of the shares are voted.
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
4,316
Reaction score
6,555
Location
Deep Underground Bunker
They aren't doing anything because all of the loopholes / problems are where their friends cheat like hell and steal Billions. Why would they do anything?
 
Last edited:

Ebie

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
8,701
Reaction score
3,119
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/guess

who validates shares?
->The brokerage company

Are there serial numbers for each share?
->Not by the time the retail dealer "sells" it. Not as far as I know.

How do you identify counterfeit stock?
->I don't know. What does that even mean? If a retail broker sells 400% of the stock it has of company "x" which of the shares are counterfeit? They are just electrons on a computer screen.
Anyway, in theory none of them are truly counterfeit. They just have to "remember" to cover their shorts...theoretically.
 
Last edited:

edsl48

Midas Member
Midas Member
Midas Supporter
Joined
Apr 2, 2010
Messages
3,591
Reaction score
7,386
A different view today from the investment porn circus

GameStop Plunged 30% Today, Is the Short Squeeze Over?
https%3A%2F%2Fimages.saymedia-content.com%2F.image%2FMTc4NjU1OTAxMDY0ODk4MjA0%2Fgamestop-signs-of-a-top.png

Mish
20 minutes ago
https%3A%2F%2Fmaven.io%2Fapi%2Fuser%2FzmfATcSa4EegwR7v_znq6Q%2Fphoto%3Fversion%3D0

GameStop fell from $316 to $212. What's ahead?
Squeeze Likely Over
My guess is the squeeze is over. Hedge funds have covered their shorts. And we have a three surge stage that frequently marks tops in short squeezes.
https%3A%2F%2Fimages.saymedia-content.com%2F.image%2FMTc4NjU1ODc1ODMxOTY1NDcy%2Fgamestop-hourly-chart.png

The remaining shorts are small players who rode it out, hedge funds who recently got short timing the play much better, or the market makers who are now the ones net short in size.
If my thesis is correct, GameStop will go back where it came from. The market makers will pull bids as they did today.
Option Buying
Put speculation is now on the rise. Until now it was call speculation. The call sellers hedged by buying shares driving up the price.
That dynamic has changed. PUT sellers short stock as PUTs get into the money.
Options bets fuel both rises and declines, especially in illiquid stocks.
How to Play?
I am not touching this. For starters I could be wrong about the squeeze being over. I doubt it but I could be.

One could try options, but the premiums are nuts.
GameStop Option Prices
https%3A%2F%2Fimages.saymedia-content.com%2F.image%2FMTc4NjU2MTgzOTk1ODY4ODI4%2Fgamestop-options.png

Those are near-term, near the money Option Prices From the CBOE.
Each option represents 100 shares but prices are per share. Thus prices are 1/100th of the money to buy or sell an option.
For a strike 215 PUT option that expires on February 12, in 9 trading days you will pony up $7,485 dollars or $78.85 per share.
To make any money, shares will have to decline enough for you to recover your price paid, and it has to happen by February 12.
The break even price is $215.00-$78.85 = $136.15 and it's at $225 now.
Who Wins?
You may win if you are correct about getting a big enough plunge in the next 9 days.
But the market maker who sells you the PUTs will make money no matter what happens.

He will hedge by shorting if the price declines and just watch you lose all your money if the price rises.
Maximum Pain
Don't count out price manipulation in which the price on February 12 falls at the exact price that makes the most options (PUTs and CALLs) expire worthless. That is known as "Maximum Pain".
There are technical hedging reasons why Maximum Pain happens but manipulation also happens if the market makers can get away with it.
GME Home Runs
Nonetheless home runs can and do happen. But in this case the home runs are likely in the past.
People rode this up from $17 to $413 and you want to get in now on the long side?
Why?
Yet the short side is not without risk as two hedge funds nearly blew up over this. One lost half their money in a month. It's possible the squeeze is not over.
But if you believe like me that the squeeze is over but don't like huge option premiums, the buying deep in the money PUTs will effectively turn your option play into a short without the risk of getting squeezed out.
For example, a Feb 26 strike $800 PUT would set you back $602 but the cost would be $60,020. To gain on the trade GME would have to close below ($800-$602 = $198) vs the current price of $225.
The first advantage in the trade is you have a maximum defined loss of $60,020 vs an unlimited loss in shorting.

But the advantage of that trade is you only need a decline of $27 not $89 to break even. You would also have until February 26, not February 12 to be correct.
Care to put up $60,020 per option? I don't. Care to bet on a $90 plunge by February 12? I don't but some have.
I suspect option premiums are so high that near term, near the money CALL and PUT buyers both get wiped out.
Number 1 Rule

Above all, remember my #1 rule: You may win but the casino never loses.
Mish
https://www.thestreet.com/mishtalk/economics/gamestop-plunged-30-today-is-the-short-squeeze-over
 

Goldhedge

Moderator
Site Mgr
Midas Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
58,893
Reaction score
118,352
Location
Rocky Mountains
This is good

Reaction To GameStop Short, Robinhood & Reddit Drama

 

Goldhedge

Moderator
Site Mgr
Midas Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
58,893
Reaction score
118,352
Location
Rocky Mountains
Last edited:

<SLV>

Platinum Bling
Sr Site Supporter
Platinum Bling
Joined
Apr 1, 2010
Messages
5,979
Reaction score
9,604
That was brilliant from Mark Cuban. Practical truth.
 

Goldhedge

Moderator
Site Mgr
Midas Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
58,893
Reaction score
118,352
Location
Rocky Mountains
Coming back to reality, but the WSB retards are still holding.
anyone have a clue as to short positions?

Screen Shot 2021-02-02 at 10.29.42 AM.png
 

<SLV>

Platinum Bling
Sr Site Supporter
Platinum Bling
Joined
Apr 1, 2010
Messages
5,979
Reaction score
9,604

Goldhedge

Moderator
Site Mgr
Midas Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
58,893
Reaction score
118,352
Location
Rocky Mountains
Screen Shot 2021-02-02 at 12.07.58 PM.png


 

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
8,971
Reaction score
15,256

gringott

"Internet Influencer"
Midas Member
Site Supporter ++
Joined
Apr 2, 2010
Messages
17,626
Reaction score
27,001
Location
Stable
Yes. It's a fraud, a fixed casino. Because you might win a few bucks does not change a thing.
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
4,316
Reaction score
6,555
Location
Deep Underground Bunker

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
8,971
Reaction score
15,256
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.
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.