Reddit Trolls Wall St. Hedge Funds, Buying Up GameStop Stock

[devil21]

GME: $335 high so far today. Wait till stimulus money hits...

eta: 347 to 183 in minutes then back up to 255 minutes later. Several million shares dumped in a few minutes sounds totally legit and definitely not more naked shorting to crash the price, trigger stop losses and buy back at the low.

 

[Krugminator2]

Several million shares dumped in a few minutes sounds totally legit and definitely not more naked shorting to crash the price, trigger stop losses and buy back at the low.

The world isn't conspiring against you.

There is no naked shorting in it right now. The stock is easy to borrow at every broker I have. Don't even need to pay for a locate. Overnight lending fee is almost as low as an S&P 500 stock. It turns out when stocks go from 50 to 360 in a short time they have aggressive selloffs. Hope that helps.

 

[Invisible Man]

GME: $335 high so far today. Wait till stimulus money hits...

eta: 347 to 183 in minutes then back up to 255 minutes later. Several million shares dumped in a few minutes sounds totally legit and definitely not more naked shorting to crash the price, trigger stop losses and buy back at the low.

The world isn't conspiring against you.

There is no naked shorting in it right now. The stock is easy to borrow at every broker I have. Don't even need to pay for a locate. Overnight lending fee is almost as low as an S&P 500 stock. It turns out when stocks go from 50 to 360 in a short time they have aggressive selloffs. Hope that helps.

And what if there was naked shorting right now with hopes of crashing prices and then buying back at the low anyway?

If people were attempting that, whether successfully or not, would that be a problem?

 

[devil21]

The world isn't conspiring against you.

Nope not the world, just pirates on Wall St whose job is to engage in legalized theft under false pretenses day-after-day.

There is no naked shorting in it right now. The stock is easy to borrow at every broker I have. Don't even need to pay for a locate. Overnight lending fee is almost as low as an S&P 500 stock. It turns out when stocks go from 50 to 360 in a short time they have aggressive selloffs. Hope that helps.

Yeah you're probably right that it wasn't naked shorting, just amassing large borrowed shares for a giant coordinated dump. That was a bit of a knee-jerk assertion on my part since naked shorting is what started this whole thing in the first place. When it comes to professional criminals, it's hard not to assume they're again engaging in criminality.

 

[oyarde]

No, I'm not a Mason, and I don't approve of Free Masonry. And "actual justice" since it's actual, is by definition not subjective. It is the Creator's law.

"Actual justice" that is not subject to the make-believe laws that change with the whims of rulers is a classic libertarian concept. In fact, it is one of the hallmarks of libertarianism. I understand it in a Christian light. Augustine famously claimed that an unjust law is no law at all. But the idea has been known in other terms, especially natural law. The Declaration of Independence acknowledges it when it refers to the Law of Nature and Nature's God, and unalienable rights endowed to people by the Creator. Lysander Spooner explained the concept very eloquently in the opening paragraphs of his Letter to Grover Cleveland. Lord Acton also argued in favor of natural law over governmental laws. Murray Rothbard extolled natural law repeatedly in his works.

In fact, when justice is subjugated to any old law that human politicians can just make up, it's then that it is subjective.

What is it about that you dont approve of free masonry ?

 

[Invisible Man]

What is it about that you dont approve of free masonry ?

My first reason is its theological teachings. Second is that it's a secret society that seems to have a pretty clear interest in installing its members in political positions.

 

[oyarde]

My first reason is its theological teachings. Second is that it's a secret society that seems to have a pretty clear interest in installing its members in political positions.

i really didnt know they have theological teachings , wasnt in my world religion class sophmore year.

 

[devil21]

The GME options chain at 4pm market close today demonstrates exactly that Citadel, other market makers and brokers collude and manipulate stock prices. The price point that GME closed at was the exact price point that kept the most calls and puts out-of-the-money. They landed the price exactly where it needed to be, right at 200.27. Under 200 would have triggered a boatload of puts to be in-the-money. Above 210 would have triggered a boatload of calls. So it closed at 200.27. Sorry, you lose. Try again next week? They literally make stocks close exactly where they want to screw the most options trades, while knowing the exact positions of all traders due to order flow front-running and interconnection.

I've watched the GME options chains since this all started and it's clockwork every week that the Friday closing price just so happens to land exactly where it screws the most options holders. Always, without fail. Inexplicable moves up and down in price always precede this. See today's GME ticker for evidence. 190 launched to 215 on no news then settled at 200.27. That was Citadel. There was also a ridiculous volume number displayed on the chart at the same time of literally 200 million shares moving. I watched it happen. Then the volume figure locked up and the huge number disappeared without a trace. On a stock with 70 million shares total, CNBC's ticker showed 200 million volume!

This is intentional because Citadel's hedge fund (and other entities also) takes the other side of any trades made through the market making arm (in their internal dark pools) that Citadel thinks (knows?) it can profit from by manipulation, instead of routing the trade to the exchange and fully allowing the market to price the stock. This is also evidence of why the GME buy side was shut down in January. They didn't have their algos programmed to control GME for that week under the heavy buying pressure and the closing price on that Friday would have blown up hedge funds caught on the wrong side of the short and the options. The squeeze would have been triggered and Wall St would have lost massive amounts of money. Can't have that, can we? So they shut down the buy side to prevent it.

Pirates stealing under false pretenses is fraud.

 

[devil21]

Another US House hearing to be held on 5/6. I don't anticipate any major news coming from it but the attendees list is much more meat n potatoes than previous. DTCC, FINRA and SEC Chair. If I were a daytrader, I could see a big down day on markets to demonstrate what happens when the pirate looting operation is threatened...

decent writeup
https://wallstreetonparade.com/2021...-streets-oversight-bodies-sec-dtcc-and-finra/

 

[Krugminator2]

Another US House hearing to be held on 5/6. I don't anticipate any major news coming from it but the attendees list is much more meat n potatoes than previous. DTCC, FINRA and SEC Chair. If I were a daytrader, I could see a big down day on markets to demonstrate what happens when the pirate looting operation is threatened...

decent writeup
https://wallstreetonparade.com/2021...-streets-oversight-bodies-sec-dtcc-and-finra/

Gamestop is on right at a major inflection point. If it holds below 155 or so think below 100 is in the cards. Wasn't aware of that Congress is talking about this tomorrow. Will be interesting to see if that moves the stock.

 

[devil21]

Gamestop is on right at a major inflection point. If it holds below 155 or so think below 100 is in the cards. Wasn't aware of that Congress is talking about this tomorrow. Will be interesting to see if that moves the stock.

(On GME: based on options chain as of right now, my educated guess of Friday closing price is 160.XX....but the pattern is still holding regarding my March post of closing price always landing where it ultimately keeps the most options worthless)


Media has been pretty quiet about the hearings for some reason. It's at 12pm ET. Link here, with yt stream embedded: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748

Interestingly, the link includes some bullet points on what appears to be proposed legislation in the works:
Legislation

H.R. ____, the "Capital Markets Engagement and Transparency Act of 2021."

H.R. ____, to amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser to those family offices with less than $750,000,000 in assets under management and for other purposes.

H.R. ____, to require the Securities and Exchange Commission to carry out a study on the impact of the gamification of online trading platforms, and for other purposes.

H.R. ____, to amend the Securities Act of 1934 to establish certain requirements with respect to retail investor options trading, and for other purposes.

H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit payment for order flow.

H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.

 

[Krugminator2]

It looks like a long slow descent down might have started today.

 

[devil21]

It looks like a long slow descent down might have started today.

Judging by overall appearances, that could apply to this whole shebang, not just GME...

 

[Krugminator2]

It looks like a long slow descent down might have started today.

Not such a good trade.

I think if tomorrow closes red then that will start the decline. If not then maybe another month or two before it starts to break down.

 

[devil21]

Not such a good trade.

I think if tomorrow closes red then that will start the decline. If not then maybe another month or two before it starts to break down.

Fwiw, there's still a huge contingent of GME holders who conclude (based on reasonable research) that the big squeeze is still imminent. It is curious how a new set of SHTF rules for clearinghouses took effect today, with much more closely monitored systemic risk activity. Overhauls to index futures options monitoring also, designed to project likely payouts on SPX, for example, in the instance of a major, sudden price move. Those sorts of rule overhauls, in combination, could indicate an anticipated scenario where GME skyrockets in a squeeze but indexes simultaneously crash as liquidations occur to cover GME short margin calls.

I'm watching to see if the options chain tomorrow shows that the likely friday closing price range will result in a lot of options settling ITM. If so, it could get very, very interesting very quickly.

(eta: I assume moving the markets over to a blockchain based system is in the cards at some point. Successfully doing that would require flushing the entire system of the millions or, market-wide, billions of fake shares of companies floating around, due to naked shorts and accounting fraud. IMO, the only question is when and how does that happen.)

 

[Krugminator2]

Fwiw, there's still a huge contingent of GME holders who conclude (based on reasonable research) that the big squeeze is still imminent. It is curious how a new set of SHTF rules for clearinghouses took effect today, with much more closely monitored systemic risk activity. Overhauls to index futures options monitoring also, designed to project likely payouts on SPX, for example, in the instance of a major, sudden price move. Those sorts of rule overhauls, in combination, could indicate an anticipated scenario where GME skyrockets in a squeeze but indexes simultaneously crash as liquidations occur to cover GME short margin calls.

I'm watching to see if the options chain tomorrow shows that the likely friday closing price range will result in a lot of options settling ITM. If so, it could get very, very interesting very quickly.

The ideal would be a big gap up a pull back and rally to blow out shorts and then 100 dollar move down in the afternoon.

 

[devil21]

Looks like Wall St's media sycophants are trying to build this narrative, as predicted. Painting retail as some sort of organized collusion operation. A ridiculous notion on its' face but truly despicable when it's obvious to anyone who has been paying attention who and where the organized collusion actually is. The rest of June through July looks mighty shaky for markets and dates past that. As we know, Wall St/bankers never accept blame for crashes. It's always a scapegoat and/or the little guy that it is pinned on. It's never the innocent pirates setting it all in motion while raking in the booty. It's always your fault....somehow. And their tv stations will be happy to tell you why.

GME shooting up again. I'm gonna make a bold prediction that they're about to use GME to start a major correction. I've been wrong before so no, this isn't advice.


"News" item released by banker controlled Reuters yesterday (2-23...322 reversed) and pushed across all major media today:

https://www.reuters.com/news/picture/rescued-australian-sheep-freed-from-wool-idUSRTX9PYH4

A signal maybe? An article today pushed out to major media about shearing a sheep named Baarack (who the market bubble started under) of 77 pounds of wool...

 

[devil21]

A very good write-up on the GME shorting scam tactics here, but those tactics described can be extrapolated to the entire market to various extents:

https://prospect.org/power/how-the-gamestop-hustle-worked/

One big house of smoke and mirrors designed to transfer regular investor's currency (retail traders, 401k, IRAs, etc) into Wall St's pockets. A grand pirate looting operation.

 

[Invisible Man]

One big house of smoke and mirrors designed to transfer regular investor's currency (retail traders, 401k, IRAs, etc) into Wall St's pockets. A grand pirate looting operation.

Wall Street is not a person or a corporation. It's an abstraction. A boogey man people invoke as a proxy for every imaginary oligarch who puts profits before all else. It has no pockets. But it's named after the physical street where a couple large stock exchanges are where everybody, including regular investors, can short sell stocks.

 

[Brian4Liberty]

A very good write-up on the GME shorting scam tactics here, but those tactics described can be extrapolated to the entire market to various extents:

https://prospect.org/power/how-the-gamestop-hustle-worked/

One big house of smoke and mirrors designed to transfer regular investor's currency (retail traders, 401k, IRAs, etc) into Wall St's pockets. A grand pirate looting operation.

It’s worse than most can imagine. The idiots on the left are misled and misdirected to believe that there is systemic racism, when in reality, there is systemic financial crime. Regulatory capture and kleptocracy. Crimes are no longer investigated or prosecuted.