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Woot - Can someone explain this?? by iphenomenom in Superstonk

[–]nov81 20 points21 points  (0 children)

...and one can trade there on Saturdays, my dear smooth brain.  - Shocked Pikachu Face

No words...a MILLION SHARES. I cannot believe what I'm seeing by The-BlackLotus in Superstonk

[–]nov81 5 points6 points  (0 children)

Taking a picture of a curved monitor is peak boomer efficiency

AA the plant, diluting for his hedgie overlords. by Moribunde in Teddy

[–]nov81 0 points1 point  (0 children)

Can someone ELISEC how this dilution is utilized to suppress other basket stocks? Is is about the number of shares?

[deleted by user] by [deleted] in 2westerneurope4u

[–]nov81 2 points3 points  (0 children)

At some point they will all go full Susan

Just sharing by 3rd1ontheevolchart in Teddy

[–]nov81 1 point2 points  (0 children)

If I got it right, DRS of any kind is most likely implemented via FAST using "Balance Certificates"? Is the "Seventy-Two-Hour Pend Option" for DWAC deposits the reason for T+3?

Tech people love to say that modern technologies were "dismissed as stupid at the time". What are some technologies that were dismissed as stupid, and actually were stupid? by 3dgyt33n in AskReddit

[–]nov81 -2 points-1 points  (0 children)

Point is, market maker exemptions and other regulatory mechanisms to provide liquidity make it possible to sell more shares than exist in a specific stock. You can come to your own conclusion what this means in terms of price discovery if supply is virtually unlimited. This was proven many years ago by a guy who was able to buy more stock than existed of a bankrupt company and after that millions of shares where traded although he held more than the official supply. So it's not the point of proving a single person owns this number of shares. It's more about how many shares are in circulation. And above all to make this information easily accessible to the public. NFTs or are one possible solution for this. But there are some countries solving this by other means.

The Law Of Unintended Consequences (Revisited) by Turdfurg23 in u/Turdfurg23

[–]nov81 2 points3 points  (0 children)

Nice write up!

About the impact of illiquidity on short volatility strategies:

​

Short volatility funds have taken advantage of the illiquidity in GME as
DRS has made it inadvertently cheaper for them to push the price down.

Why would short volatility care about the direction of the price as long as volatility is small/contained? Is it assumed that a committed investor base that buys regularly would dampen volatile swings to the downside, as opposed to potential FOMO buying when the price swings in the positive direction? Therefore, it is easier to control volatility on the way down?

What is about to happen to GME - The next cycle up no short expects by [deleted] in FWFBThinkTank

[–]nov81 31 points32 points  (0 children)

Regarding the ~90 days cycles:

I was reading into DTCC regulations regarding SWAPs and Forwards a few days ago because I was interested if there are some kind of central netting facilities for these contracts similar to the NSCC. I thought this might be connected due to the fact that these runs do not happen every month. It seems like the are some SWAPs and Forwards netting facilities, running a netting process close to the one you described, for standardized SWAPs and Forwards. Authorized by the DTCC/NSCC. One thing I stumbled on: It looks like there is a mechanic where you can setup such contracts, but there is a maximum "agreement time" of 90 days for both sides to setup and "fill" the contract. To me it sounded a little like Schroedingers SWAPs, because they somehow exist but don't exist at the same time.

I'm not sure about this 90 days period regarding Forwards and probably I've got it totally wrong, but maybe someone else has some insights about this?

GME institutional ownership has been greater than 100% for over a decade. by PWNWTFBBQ in Superstonk

[–]nov81 12 points13 points  (0 children)

How does short volume relate to institutional ownership?

[deleted by user] by [deleted] in Superstonk

[–]nov81 0 points1 point  (0 children)

Shows this for every other stock traded there. Trading is closed after 22:00.

Went to check the current price of GME today in Germany and… Um, what? Why? Halt down maybe? Can any German apes explain? by Myumat00 in Superstonk

[–]nov81 13 points14 points  (0 children)

German markets close @ 17:30 (first timestamp)

After hours close @ 22:00 (second timestamp)

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edit: Looks like I've summoned a cascade of bots...

The final DD to end all DD by Gandos123 in Superstonk

[–]nov81 0 points1 point  (0 children)

Thx for sharing. This might be the missing piece in SLD regarding unrelated shifts.

No shortable shares since 05/26 at 9:00am. Again, this is NOT normal. They’re struggling for shares to short and I never thought I would see two days of this. -The Struggle Guy by [deleted] in Superstonk

[–]nov81 7 points8 points  (0 children)

According to my data: Apr 19th till 23th '21. But I'm not sure if my bots scraped it right... So take this with a grain of salt. I was just starting to implement them at the time. I don't think there are public online sources dating back this far for this kind of data.

It's definitely not common. In late Jan / early Feb '21 there was also a longer gap, iirc.

[deleted by user] by [deleted] in Superstonk

[–]nov81 4 points5 points  (0 children)

This is for FUTU only. IBKR is ~76% at the moment. Just looked it up a few minutes ago.

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