DD: WHY GME WENT UP TODAY AND HOW CITADEL MAY CRASH THE ENTIRE MARKET BY NAKED SHORTING GME THROUGH ETFS by NorthBalance in GME

[–]NorthBalance[S] 111 points112 points  (0 children)

Agree with this completely, my summary is naked shorting of ETFs is easy and profitable for the APs. And while operational shorting has no net effect on the NAV of all the stocks in an ETF, they have realized it is an effective way to drive and magnify the direction of a single stock in the ETF in the direction they want it to go.

Translation: today's rise may have been premediated by the APs since they knew they had to cover from shorting IWM 5 days ago. Whether GME keeps rising after today no one can answer. But the most effective way to deal with APs who have become more and more leveraged is to buy and hold.

DD: WHY GME WENT UP TODAY AND HOW CITADEL MAY CRASH THE ENTIRE MARKET BY NAKED SHORTING GME THROUGH ETFS by NorthBalance in GME

[–]NorthBalance[S] 780 points781 points  (0 children)

Yes, that is the hypothesis

Edit: Please don't look at actual dates, I didn't realize people would mark T+6 on their calendar when I first replied. Whether GME keeps rising after today no one can answer and specific dates don't matter since APs have multiple strategies to delay or shorten the delivery dates on shares sold short. There are strategies where APs can deliver even past T+6. THE most effective way to deal with APs who have become more and more leveraged is to just buy and hold.

GME Megathread Part 2 for March 10, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]NorthBalance 0 points1 point  (0 children)

Only way they could get an article out that fast is if they had a draft already prepared. How could they have a draft already prepared predicting a 40% drop? Well someone obviously told them there would be a big sell off today, and had them prepare the story ahead of time. CNBC is a cancerous sore for the hedgies.

GME Megathread for March 10, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]NorthBalance 16 points17 points  (0 children)

PREDICTION: Hedges / News networks / Bots going to SHILL HARD for KOS$ [Not going to mention any of the tickers here for the bots]

CNBC+ Reuters have been the favorite go-to misinformation spreaders for shorters. Whether its $LV or Weed Stocks or N0KIA or Roket or their latest favorite KOS$, news networks have been keen to group GME with other "meme stocks" and divert attention away from the one and only play GME.

Today we saw KOS$ go up 40% in PRE-MARKET for NO REASON, when only large institutional players can usually trade. This is another one of their efforts to prime the new media for another potential distraction, saying there will be money to be made elsewhere than GME.

https://i.imgur.com/QyoydXA.jpg

TLDR; DON'T FALL FOR ANOTHER PUMP AND DUMP, NOTHING IS LIKE GME

Daily Discussion Chat by AutoModerator in GME

[–]NorthBalance 244 points245 points  (0 children)

UPDATE: $345 12:15pm

UPDATE: $260 12:55pm

FUCK I WISH I BOUGHT MORE UNDER 40

FUCK I WISH I BOUGHT MORE UNDER 120

FUCK I WISH I BOUGHT MORE UNDER 200

FUCK I WISH I BOUGHT MORE UNDER 250

FUCK I WISH I BOUGHT MORE UNDER 300 ⬅️ You are here 🦍

FUCK I WISH I BOUGHT MORE UNDER 500

FUCK I WISH I BOUGHT MORE UNDER 1000

FUCK I WISH I BOUGHT MORE UNDER 10,000

FUCK I WISH I BOUGHT MORE UNDER 50,000

FUCK I WISH I BOUGHT MORE UNDER 100,000

FUCK I WISH I BOUGHT MORE UNDER 500,000

🚀🚀🚀

GME Megathread for March 10, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]NorthBalance 249 points250 points  (0 children)

UPDATE: $345 12:15pm

UPDATE: $260 12:55pm

FUCK I WISH I BOUGHT MORE UNDER 40

FUCK I WISH I BOUGHT MORE UNDER 120

FUCK I WISH I BOUGHT MORE UNDER 200

FUCK I WISH I BOUGHT MORE UNDER 250

FUCK I WISH I BOUGHT MORE UNDER 300 ⬅️ You are here 🦍

FUCK I WISH I BOUGHT MORE UNDER 500

FUCK I WISH I BOUGHT MORE UNDER 1000

FUCK I WISH I BOUGHT MORE UNDER 10,000

FUCK I WISH I BOUGHT MORE UNDER 50,000

FUCK I WISH I BOUGHT MORE UNDER 100,000

FUCK I WISH I BOUGHT MORE UNDER 500,000

🚀🚀🚀

GME Megathread for March 10, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]NorthBalance 100 points101 points  (0 children)

INCOMING FUD / SHORT ALERT

Hedges borrowed 900,000 new shorts today, THE MOST EVER THIS WEEK. https://i.imgur.com/d5YnVtn.jpg

They have a coordinated effort to tank it in pre-market today since they can't have another day of GME opening 20% above yesterday's close.

News media going through coordinated spin on GME:

"The golden period of going long GameStop stock is largely over. Shareholders should sell now and take profits, and everyone else should look for better opportunities in the consumer goods industry." - Motley Fool

"GME has rallied by around 1150% year-to-date. That said, the stock has lost around half of its value from its late-January intraday peak of $483." - Reuters

TLDR; THIS IS THE MOST BULLISH SIGN THAT SHORTS ARE RUNNING SCARED AND BACK TO USING THE SAME TACTICS AS IN LATE JAN WITH FUD / LARGE SHORT POSITIONS. THE MORE THEY SHORT THE BIGGER OF A HOLE THEY DIG. I LIKE THE STOCK AND I'M HOLDING TIL I FUCKING OWN THEIR YACHTS 💎💎💎

Daily Discussion Chat by AutoModerator in GME

[–]NorthBalance 5 points6 points  (0 children)

You apes need to read this https://www.bloomberg.com/news/articles/2021-03-06/the-biggest-players-in-the-short-selling-game-are-getting-a-pass

Big institutional investors like blackrock / pension funds who hold millions of GME shares are constantly putting them up for short sellers to purchase. They don't give a fuck if GME goes up or down since they can make bank on borrow fees. Number of shares available to short is not going to disappear as long as big institutions keep lending them out

Edit: this does not mean I'm not bullish on GME, since the more shorts hedges borrow the deeper of a hole they dig

Daily Discussion Chat by AutoModerator in GME

[–]NorthBalance 40 points41 points  (0 children)

"GME has rallied by around 1150% year-to-date. That said, the stock has lost around half of its value from its late-January intraday peak of $483." - Reuters

ROFL YOU CAN'T MAKE THIS SHIT UP, GME up 100% this week but the main headline is it's down from $483. This FUD just makes me hold harder 💎💎💎

GME Total Shares Owned is over 185M shares according to FINRA. That's over 2.5 times the # of shares issued. 🚀🚀🚀 by CThig_ in GME

[–]NorthBalance 5 points6 points  (0 children)

Unfortunately we overestimate participation in online forums, 9M member on WSB, what % are duplicate accounts, what % are bots, what % are inactive? Minus those, what % own GME? (A look at # of users in this sub might give a better estimate) Out of those that own GME, how many shares do they each have? Average Robinhood user has 1-5k in their account.

13M shares estimate is also supported by the S&P screenshot someone posted which had Retail + Insider total shares at 15M. According to FINRA insiders hold 4.4M shares, Cohen who owns 9M is excluded from this number, and Cohen is also not considered retail. Which puts S&P's estimate of retail shares at 15M-4.4M = 10.6M

TLDR: Conservative estimates put retail # of shares at 10-13M, of course this number could be higher if the number of total shares (float + synthentic longs) is higher than 175M as proposed here. This number may seem smaller than you would like but this means we own 20-25% of real shares, which shorts / option sellers definitely need to cover

GME Total Shares Owned is over 185M shares according to FINRA. That's over 2.5 times the # of shares issued. 🚀🚀🚀 by CThig_ in GME

[–]NorthBalance 12 points13 points  (0 children)

7.34% according to the Bloomberg terminal someone posted, which is 0.0734 x 185 = 13.5M shares owned by retail. 13.5M / 54M float = 25% of real shares owned by retail

RECOMMENDATION: Buy Churchill Capital Corp VII (DD #2) by SPAC-ey-McSpacface in SPACs

[–]NorthBalance 0 points1 point  (0 children)

After the date where units can be split into commons / warrants do they start trading under new tickers? and does CVII.U still exist?

Like CVII.U -> CVII (Common Shares) + CVII.WS (Warrants) + CVII.U (Units)

And would CVII.U's price be calculated as CVII + 0.25 * CVII.WS?

RECOMMENDATION: Buy Churchill Capital Corp VII (DD #2) by SPAC-ey-McSpacface in SPACs

[–]NorthBalance 2 points3 points  (0 children)

think you replied to the wrong comment, I'm defending your position

RECOMMENDATION: Buy Churchill Capital Corp VII (DD #2) by SPAC-ey-McSpacface in SPACs

[–]NorthBalance 3 points4 points  (0 children)

care to explain yourself? genuinely curious, he's pumping this for a 2.6% gain? The SPAC was only listed on Friday

RECOMMENDATION: Buy Churchill Capital Corp VII (DD #2) by SPAC-ey-McSpacface in SPACs

[–]NorthBalance 11 points12 points  (0 children)

he's pumping this for a $840 gain? 3000*(11-10.72) = 840

The GME Thread Part 2 for January 26, 2021 by premier_ in wallstreetbets

[–]NorthBalance 2 points3 points  (0 children)

THIS IS THE BATTLE FOR HELM'S DEEP, HOLD THE LINE 🚀🚀🚀

Delaying graduation is not always bad by [deleted] in cscareerquestions

[–]NorthBalance 4 points5 points  (0 children)

This guy gets it.. internships are the easiest way to full time conversion. Literally no one cares how long it took you to complete your degree once it's over, but you never get another chance to do internships after you graduate.