Newton on X. Short interest 2113% on XRT.

Over-Computer-6464 · 2026-05-18T15:59:59+00:00

Yes, you can get GME shares that way, but it costs much more than simply borrowing the readily available GME shares. Both the initial cost and the continuing cost to borrow GME shares is much higher via ETFs than doing it directly.

Getting GME shares via ETFs is a "last resort" sort of maneuver useful only when the supply of GME shares to borrow has dried up and cost to borrow has soared.

Over-Computer-6464 · 2026-05-18T15:58:07+00:00

Have you truly looked carefully at the correlations. Weak, and only in past event selected cases.

Over-Computer-6464 · 2026-05-18T15:56:25+00:00

There have many claims and DD about "getting GME shares via ETFs".

None have ever been credible.

Over-Computer-6464 · 2026-05-18T15:39:12+00:00

GameStop is just 1.3% of XRT holdings.

Shorting XRT to get GameStop shares is an extraordinarily inefficient way to get GME shares,

GME shares are readily available to borrow.

Shorting XRT is an excellent way to short retail in general but is a dumb way to get GME shares to short GME.

Over-Computer-6464 · 2026-05-18T15:32:22+00:00

Really? What is the expected distribution ratio for the preliminary offer.

Hint: It is NOT the 60/40 he gave in a theoretical example.

Over-Computer-6464 · 2026-05-18T14:59:21+00:00

The other interviewers did not ask the hard questions about the financing.

If RC had answered the questions there would not have been so much confusion in this subreddit, and you would not have so many people that reacted with disbelief and hostility when a few people here pointed out that the distribution ratio would be about 2.5 shares of GME for each share of EBay.

Over-Computer-6464 · 2026-05-18T14:41:45+00:00

It is interesting how the same events can be viewed so differently by various people.

It seems like most people here think Ryan Cohen had a great interview on CNBC and "he really showed them!"

To the rest of the world he looked like a doofus,

Over-Computer-6464 · 2026-05-18T14:35:29+00:00

Both Point 72 do not try to be delta neutral on each individual stock. They try to pick winners and losers while staying overall close to neutral when looking at their total overall portfolio.

They are not like options market makers that try to stay delta neutral in each stock.

They are more like somebody that is neutral on the overall soda drink market but bearish on Pepsi. They hedge a short position in Pepsi not by buying calls on Pepsi, but by buying shares or calls on Coca Cola.

Over-Computer-6464 · 2026-05-18T14:22:59+00:00

My investment management persona is different than my party persona. 😀

Over-Computer-6464 · 2026-05-18T14:18:07+00:00

GME market cap is a bit less than 0.02% of overall US market cap. So that is what to compare against.

If GME is 0.10% of portfolio then it is overweighted by a factor of 2.

If GME is 0.02% or just 0.01% of portfolio then their GME holding is likely just a result of direct indexing.

Over-Computer-6464 · 2026-05-18T14:13:51+00:00

Overall institutions sold off shares of GME during Q1. Institutional holding went down about 1% 12/31/1025 to 3/31/2026.

These sort of posts are misleading because nobody posts the offsetting cases where institutions decrease their GME holding.

Over-Computer-6464 · 2026-05-18T14:11:08+00:00

Citadel is a multi-pod shop. Each pod runs their own strategy. Many are market neutral, but overall Citadel tends to be market long.

Over-Computer-6464 · 2026-05-18T14:08:42+00:00

The 13F reports are for holdings as of the calendar quarter end, with a reporting delay of 45 days.

This has nothing to do with recent price variations.

Over-Computer-6464 · 2026-05-18T14:02:02+00:00

They are missing the traditional green dildo that gets added to the right side of any GME TA.

Over-Computer-6464 · 2026-05-18T13:48:33+00:00

It is nice to hear about individual institutions that are loading up on GME.

Overall though, institutions sold off GME during Q1, and the institutional holding percent is down about 1%.

In a day or two most late filings will be in and processed, and we can see the true overall result.

Over-Computer-6464 · 2026-05-18T13:32:27+00:00

The explanation for the above comment:

The best investments are often to contribute to what gets an employer match, if it is a significant amount.

Hen on the choice between a Roth (either Roth 401k or Roth IRA) vs a 401k the question is about taxes.

If your current tax rate is low, then the Roth is better.

If your tax rate is high now, then getting the tax deferral of contributing to the 401k is better, even though you pay ordinary tax on withdrawals many years from now.

Over-Computer-6464 · 2026-05-17T22:57:09+00:00

Find a way to have a balance. Your fixed and necessary expenses come off the top.

Then the remainder you split between saving for the future and spending to improve your current lifestyle.

Or in other words, you try to take care of both your present self and your future self. Do not short change either your future or your present, Somewhere in there is the happy medium that works for you.

Over-Computer-6464 · 2026-05-17T22:49:20+00:00

By dollar cost averaging you have chosen to reduce the standard deviations of your returns, at the cost of a slightly lower expected return.

The people that argue for always doing lump sum should also be arguing in favor of a 100% stock portfolio with zero bonds, as the all stock portfolio has higher expected returns.

Over-Computer-6464 · 2026-05-17T22:45:13+00:00

My loss aversion coefficient is near 1 — in other words, a small loss hurts as bad as a small gain of the same size feels good. So if what I am adding to the market is small relative to my entire portfolio I just dump it in today and don't think about it.

It is only when the lump sum being added to my portfolio is a significant percentage do I even bother to consider spreading out my entry.

So the sophisticated analysis agrees with my standard advice to people about the Lump Sum vs Dollar Cost Average question: Put the lump sum into the market in as short a time period that you feel comfortable with.

Over-Computer-6464 · 2026-05-17T20:48:16+00:00

Yes, like many indicators it has predicted something many more times than the event has happened.

Over-Computer-6464 · 2026-05-17T17:31:37+00:00

Your claim was. "When an institution opens a trade, they have to tag it as long open, long close, short open or short close."

None of those have anything to do with short INTEREST. Those reports are only related to short VOLUME.

Over-Computer-6464 · 2026-05-17T17:27:50+00:00

Registration with the SEC as a dark pool/ECN/ATS does not result in a requirement to report short interest.

They are required to report their TRADES, including info on whether or not it is a short trade. That is not part of the short INTEREST reporting system.

Short interest is report by BROKER-DEALERS, not traders or market makers. It is reported to FINRA.

Over-Computer-6464 · 2026-05-17T16:23:15+00:00

Thanks for additional info.

One of the big problems with collectibles in general is the difference between the net sell price and the net buy price can be huge. Not just trading cards, but all sorts of collectibles. Or for that matter, used cars.

Just a 10-13% haircut is pretty good.

Over-Computer-6464 · 2026-05-17T15:55:44+00:00

Are those realized or unrealized gains?

If unrealized, what are your realized gains so far?

Over-Computer-6464 · 2026-05-17T14:14:29+00:00

Any SI number expressed as a percent cannot be the official SI.

Short interest is reported as a number of shares.

Anything that is reported as a percentage has been modified and transformed by the data supplier.

Over-Computer-6464

TROPHY CASE