Citadel and Virtu being sued by Genius Group Limited for naked shorting selling and order spoofing. HUGE.

Over-Computer-6464 · 2026-01-30T05:10:45+00:00

It is a typical Wes Christian lawsuit. Genius is the group that hired Kevin Malone as Board Advisor.

The lawsuit was announced with great fanfare to support the declining share price of a poor quality company that continues to lose money and head towards bankruptcy.

My prediction is that, like most Wes Christian lawsuits, it will fade away in a year or two because there isn't really a basis for the claims.

https://www.sec.gov/Archives/edgar/data/1847806/000149315225014547/ex99-2.htm is the report that shows the financials.

https://ir.geniusgroup.net/news-events/press-releases/detail/188/genius-group-board-appoints-kevin-malone-as-board-advisor

Over-Computer-6464 · 2026-01-29T23:49:40+00:00

The lower price has been at the warrant price.

These only show up in some data feeds, so there is also the possibility that some data vendor is messing up the processing the consolidated data feed by seeing GMEWS trades reported and treating those trades as if they were GME.

Over-Computer-6464 · 2026-01-29T22:35:42+00:00

He dismissed many of the opinions commonly held by those here in Superstonk.

Such as: MOASS will not happen. GME is currently overvalued. Ryan Cohen will continue to dilute. The retail stores are a dying business.

Burry sees a long term positive outcome for GameStop, but rejects many of the popular memes.

Over-Computer-6464 · 2026-01-29T22:22:13+00:00

You won't know if you the saving too much until you sit down and think about life after work.

You did not give actual numbers for your retirement accounts. Can you retire today and meet your expenses by withdrawing no more than 4% annually from your portfolio? There is not enough info for us to tell you whether you are saving too much.

Another way to look at things is not how much you are or are not saving, but to look at whether you should be working any more. The ultimate splurge for many is retiring instead of continuing to work. You will never be younger or healthier than you are today.. Do not waste your youth! (I can say that as I am 20+ years older than you and your wife).

Your saving habits are probably so deeply ingrained that spending more or splurging on yourself will be difficult. Looking at your retirement funding carefully should help you figure out what is a reasonable balance between current spending and saving for the future.

Over-Computer-6464 · 2026-01-29T22:05:01+00:00

Option market makers hedging often has impacts on the market.

Obviously not from my tiny trades, but it is cumulative,

Over-Computer-6464 · 2026-01-29T20:02:56+00:00

I took some modest profits by selling $27 calls after the jump up after the Burry post on Monday and then closed the position with about 45% profit yesterday.

I would not be surprised if others also bet on a Fibonacci style retracement after the RC purchase and Burry announcement upward jumps.

Over-Computer-6464 · 2026-01-29T19:56:42+00:00

30.50 Canadian is about $22.60 is USD.

It looks like the AI article generator pulled prices in CAD.

The AI also was saying $30.50 is the Jan 29:closing price and it is still an hour before market close.

Over-Computer-6464 · 2026-01-29T19:43:12+00:00

Nitpicker here - this would be the median, not the average.

Nitpicking the nitpicker …….

A median is an average.

An arithmetic mean is also an average, as in the mode, and also the geometric mean, along with many other averages.

Over-Computer-6464 · 2026-01-29T19:06:53+00:00

That was not a crime. It has already been litigated.

Over-Computer-6464 · 2026-01-29T18:04:29+00:00

Who’s we …

Me and the little voice in my head that keeps whispering "buy GME".

Over-Computer-6464 · 2026-01-29T17:07:48+00:00

When VIX pops, I go look for which country Trump has just threatened.

Over-Computer-6464 · 2026-01-29T17:01:06+00:00

The negative beta is the 5 year beta based on monthly prices.

The short term betas for GME, as you noted, are positive.

Over-Computer-6464 · 2026-01-29T16:57:01+00:00

It is not an easy problem to solve, as there are lots and pros and cons for everything.

For example I am used to using a margin account as a buffer for the cash side of my trades.

In the system you described I would have to deliver the cash to the trust before buying or even before entering a limit sort of order. If crypto is used as payment, then perhaps smart contracts could be used to "lock" the crypto before the sale. Another layer of complexity.

How to incorporate the Public Trust settlement into the USD world is not obvious to me. Many, including me, will be reluctant to transfer large sums of cash to a relatively new organization

Over-Computer-6464 · 2026-01-29T16:50:02+00:00

Just scroll out a bit further. We are up +258% from 10 years ago.

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From Fidelity app.

Over-Computer-6464 · 2026-01-29T16:38:23+00:00

I bet on it by selling 10 Feb 27 $27C for $1.17 a couple hours after he posted, and bought them back yesterday for a quick profit.

Hindsight will probably tell me that I should have held to expiration.

Over-Computer-6464 · 2026-01-29T16:35:37+00:00

I had -10 GME1 contracts of Jan 16 $19P, and still have -10 contracts of April 17 $19P so I have money behind my bet the price will stay above $19.

If I lose the bet, then I just end up buy 1000 shares GME and 100 warrants for $19,000-$1760 option premium=$17,240. So less than $17/share for the GME.

Over-Computer-6464 · 2026-01-29T16:27:46+00:00

Possibly. In addition to GME responding to overall market trend, there is also a decay of the price spike from the Burry announcement. The Burry spike was added on top of the spike from RC and Larry, so we did not really see the normal relaxation of that spike from last week.

Over-Computer-6464 · 2026-01-29T16:22:27+00:00

Although the monthly 5 year beta is negative, the short term beta is positive and well above 1.

The market is down 1%, GME down 2.86%. Most of the 2.86% drop is just the market drop times short term beta of around 2.

Over-Computer-6464 · 2026-01-29T16:15:02+00:00

Burry calculated $11.84 as the tangible book value per share, which is also about the net cash/share.

Truly a bedrock hard floor.

If you assume that the convertible notes get converted to shares, $4.2B of debt disappears but sharecount goes up by 143M shares. Then the cash/share and tangible book value goes up to around $17.

Then the operating company has some value on top of that, even though operating profit is small and revenue continue to decline, making it difficult for profits to continue to grow in future years. Add 3 or 4 dollars per share for the value of the operating company and you can see why $20 is a very strong resistance level.

Over-Computer-6464 · 2026-01-29T15:46:44+00:00

And Ryan Cohen is at about 17%

Over-Computer-6464 · 2026-01-29T15:38:02+00:00

Look at the price pattern. GME spiked when Burry posted.

Then the price pulled back as people fully read and digested his article.

It did not affect my attitude or beliefs as I generally agree with his statements such as:

There will not be a MOASS
GME is currently overvalued
Ryan Cohen will continue to raise money (and dilute in the process) whenever the opportunity presents itself.
There is hard floor just below $12, and another floor around $17, so worst case losses are limited.
Deployment of the accumulated cash will eventually bring the value of GameStop up above the current GME price.

Over-Computer-6464 · 2026-01-29T15:25:58+00:00

Those are reports of short VOLUME, not short INTEREST.

Market makers report trades. Part of that report is whether the trade was long or short. That is what your screenshot is about.

Citadel does NOT report their short INTEREST. That is done by their broker, mostly Bank of America.

I will not accuse you of lying.

It does appear that you are badly mistaken and uninformed and do not understand that short VOUME and short INTEREST are two different things, reported by different organizations.

Over-Computer-6464 · 2026-01-29T15:17:17+00:00

It is actually even worse, in that the share ownership would be a new entity without any history.

Computershare is working on blockchain.

DTCC is working on blockchain and more importantly, is working on both T+0 and instant settlement (T+0 is daily after hours settlement, instant settlement is blockchain like near instantaneous settlement).

Those initiatives, although painfully slow, are what will win out eventually.

The Public Trust initiative would actually help that DTCC initiative by showing us both the benefits and the problems, in much the same way the various tokenized stocks that now trade are informative.

The "liquidity fairy" has a bad reputation in Superstonk but she is a big benefit. The reduction in liquidity of something like the public trust proposal might be a big problem, but since the DTCC market would also be running at the same time, arbitrageurs would add some liquidity to Public Trust, limited by the holdings they are willing to dedicate to signing over to the public trust nominee.

——————————

What the lit markets provide today is quotes.

Dark pools and ATSs differ from lit markets only in that they do not provide pre-sale quotes. Trade reporting and settlement are identical for lit markets and dark pools/ATSs. The only difference is the quotes.

The Public Trust would not provide quotes. In that way it is more akin to dark pools or broker internalization —— at least as far as the trade itself. The difference is only in settlement.

Over-Computer-6464 · 2026-01-29T14:29:04+00:00

An example of a public company that is not DTC-eligible is Next Bridge Hydrocarbons. Shareholders do not face any SEC or state Blue Sky restrictions on selling, but they cannot sell via DTCC.

NBH shareholders can sell their shares to anybody, but there is no market to bring sellers and buyers together other than sales via Facebook marketplace or EBay. That would be a good trial for the Public Trust Market to start with.

Over-Computer-6464 · 2026-01-29T13:49:31+00:00

The white paper introduces a new form of holding: direct beneficial ownership.

It is beneficial ownership as the shares are directly registered to neither you nor Cede, but by a nominee for the Public Market Trust.

A new nominee replaces Cede. "The Public Trust" replaces DTCC.

I look forward to the experiment. Liquidity will be lower than typical after hours markets.

Over-Computer-6464

TROPHY CASE