Stock Market Meltdown Megathread

[ChicagoFats]

Should change the thread title to stock melt up thread

 

[hmt5000]

Should change the thread title to stock melt up thread

You think the bulls are about to run?

 

[ChicagoFats]

You think the bulls are about to run?

Well they pretty much have been. The low in The spx was what 3800 or something? We are closing in on 4200 now.

Yes I think we go higher

 

[hmt5000]

Well they pretty much have been. The low in The spx was what 3800 or something? We are closing in on 4200 now.

Yes I think we go higher

Hmm.

 

[MalO]

Apparently GME is thousands of dollars per share everywhere except the lit market.

What happened to best price? (Rule 14D-10)

 

[MalO]

Some confirmation is always nice.

 

[MalO]

Doesn't surprise me that the Phillipines want to allow short selling. You can FTD on your buy to close obligation and never get in trouble.

For the rich, short selling is free money with no risk.

Whelp. Might as well short sell all the banks.

 

[MalO]

For the record: either ban short selling - ALL short selling! - or allow shorting of all stocks.

None of this bullshit where it's only illegal to short sell bank stocks. Fuck that. That's corrupt. Only someone who is completely ethically bankrupt would support that idea.

And if you allow short selling, it needs to be strictly illegal to FTD. Otherwise your market will suffer a total meltdown. Like right now!

 

[ChicagoFats]

Apparently GME is thousands of dollars per share everywhere except the lit market.

What happened to best price? (Rule 14D-10)

Probably a large market order that blew through the market. It will be adjusted according to exchange rules.

I once made $1.2mm in about 10 seconds, but the trade got busted because it was too far off market.

 

[MalO]

Useful resources for anyone who wants to learn more:

DRSGME | Direct Register Your Shares to Protect Your Investment

DRSGME spreads information about the Direct Registration System (DRS), its benefits including step-by-step guides on how to direct register shares.

www.drsgme.org

^ educational website that gives an overview of DRS and GME naked shorting

SuperStonk Library of DD, Art Books, and Periodicals

fliphtml5.com

^ educational website that keeps a record of key "due diligence" articles about GME

r/Superstonk

r/Superstonk: A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None …

www.reddit.com

^ the largest forum dedicated to GME

r/DDintoGME

r/DDintoGME: Deep Dive into GME is dedicated to the provision & discussion of truthful information related to GameStop stock ($GME)

www.reddit.com

^ a subreddit that only allows DD posts about GME

GME | Stonk-O-Tracker

Track GME stock data. Insights in the call options, borrowed shares availability, shorted volume, fails to deliver and more.

gme.crazyawesomecompany.com

^ the "stonk tracker" that monitors daily cost to borrow and number of shares available to borrow

💎👐 COMPUTERSHARED.NET

www.computershared.net

^ the "DRS tracker" that monitors the number of GME shares in DRS

 

[MalO]

Probably a large market order that blew through the market. It will be adjusted according to exchange rules.

I once made $1.2mm in about 10 seconds, but the trade got busted because it was too far off market.

Problem is that's not the only glitch. The glitches have been ongoing.

 

[ChicagoFats]

Problem is that's not the only glitch. The glitches have been ongoing.

Its not a glitch at all. It was illiquidity.

Anyone sending an order of that size should know better. It would be the equivalent of medical malpractice not to.

 

[MalO]

317 days over 98% utililization. With only 1 day at 99% utilization and the other 316 days at 100% utilization.

201 continuous days of 100% utilization.

That means there aren't enough shares of GME to borrow. They're borrowing them all, every day.

 

[MalO]

Its not a glitch at all. It was illiquidity.

Anyone sending an order of that size should know better. It would be the equivalent of medical malpractice not to.

Wall street considers illiquidity a glitch. Punishes people, reverses trades when this happens.

Apes consider this the beginning of price discovery.

These prices should have hit the lit market back in January 2021 but the stock market is a casino and the house always wins. They have been suppressing price discovery on our stock for over 2 years to keep us from winning.

But we can be patient. We have been buying and direct registering as much stock as we can for the past two years. Now we are approaching almost a whole year of 100% utilization and the "glitches" are becoming more commonplace.

Soon. We will have price discovery.

 

[hmt5000]

I watched George Gammon on PBD podcast. He had one piece of data that was interesting I had not heard before. The number of Americans using buy now pay later is up 43%. These aren't large purchases so it shows how far spending power has gone down for the avg American.

 

[ChicagoFats]

Wall street considers illiquidity a glitch. Punishes people, reverses trades when this happens.

Apes consider this the beginning of price discovery.

These prices should have hit the lit market back in January 2021 but the stock market is a casino and the house always wins. They have been suppressing price discovery on our stock for over 2 years to keep us from winning.

But we can be patient. We have been buying and direct registering as much stock as we can for the past two years. Now we are approaching almost a whole year of 100% utilization and the "glitches" are becoming more commonplace.

Soon. We will have price discovery.

It doesn't sound like you know what you are talking about tbh. Good luck though

 

[MalO]

Another financial document warehouse has burned to the ground.


quotes from the thread:

This and the fact that it is the SECOND time it happens in the same facility should completely destroy the business case of Iron Mountain. At this point the documents will be safer if hidden in some dry woods in Australia

Out of the 7 fires in Iron mountain warehouses, 5 were proven to be intentional.

What the actual fuck. Only one caused deaths but how much damage did they cover up with the fires?

Just because there wasn't a body in the ruins doesn't mean the ashes aren't covering up countless corpses.

Absolute disgrace that these loopholes are so actively abused.

Sorry was looking at multiple pages and posted the wrong link last time, this is the 2nd fire at this particular Iron Mountain location.

2023 fire - https://buenosairesherald.com/society/iron-mountain-warehouse-ablaze-a-second-time

2014 fire - https://www.computerworld.com/artic...ires-kills-9--destroys-corporate-records.html

These warehouses are designed to be fireproof and have redundant fire control systems. They're not supposed to burn down.

Iron Mountain has had 7 warehouses burn down, 5 proven to be intentional, and this particular warehouse location has now burned down twice.

This is billionaires covering up evidence.

 

[MalO]

When I see shit like this, I remember why I hold.

 

[MalO]

"You win, but we won't pay. Fuck you!" - parasitic billionaires


Everyone else pays their debts or gets punished. If you're a billionaire you don't have to follow any rules. Make a bad bet? Keep your money and punish the peasants instead.

I'm tired of this shit. Drag the billionaires out back and shoot them all.

 

[MalO]

Meme hedge funds are the newest thing in stock market news.

This is the same group that we think are massively short on Gamestop. Interestingly enough, the CFTC has delayed swap reporting until October 2023. This is illegal because section 727 of the Dodd-Frank act requires public reporting of swap data. Dodd-Frank has not been repealed - it is in effect and the CFTC is breaking the law by not reporting swap data.

https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf

SEC. 727. PUBLIC REPORTING OF SWAP TRANSACTION DATA. Section 2(a) of the Commodity Exchange Act (7 U.S.C. 2(a)) is amended by adding at the end the following: ‘‘(13) PUBLIC AVAILABILITY OF SWAP TRANSACTION DATA.— ‘‘(A) DEFINITION OF REAL-TIME PUBLIC REPORTING.— In this paragraph, the term ‘real-time public reporting’ means to report data relating to a swap transaction, including price and volume, as soon as technologically practicable after the time at which the swap transaction has been executed.

We are supposed to have real-time public reporting of swap data. Not delayed for years and years to cover up the crimes of billionaires.

The stock market has turned into a circus. Hedge funds have become memes. The only people in this economy with any integrity are household investors. All our financial institutions, our politicians, our "regulatory agencies" (that term can only be applied loosely these days) are all clowns. Corrupt as fuck and only in the market to enrich themselves.

What happens when your economy is run entirely by thieves? You get this:

 

[MalO]

I contacted my state representative, Joseph Morelle about this issue.

Section 727 of the Dodd-Frank Act mandates real-time public data reporting of swap data. The CFTC is illegaly refusing to report this data to the public and has repeatedly made the arbitrary decision to delay public data reporting of swap data for years, several times now.

Swaps were a core component that contributed to the 2008 economic crash. The Dodd-Frank act was written and passed into law in order to prevent another such crash from ever happening again. If you search the Dodd-Frank act for the word "swap" this word is mentioned 1949 times!

Why then, is the mandatory reporting requirement being completely ignored?

Real-time reporting of swap data is mandatory and I ask you to please investigate this and enforce this law in order to prevent another such economic crash from ocurring again.

If this data is not being reported, how can the rest of the Dodd-Frank act be enforced? Swaps are mentioned 1949 times throughout this law. If the swap data is being hidden from sight, how is the Dodd-Frank act not just a piece of toilet paper being used by criminals on Wall Street?

This law needs to be enforced. Household investors need to see this data to make informed investment decisions. People's retirement accounts and livlihoods depend on this.

Thank you for your time.
(kek)

I have no doubt that my email will also be used as toilet paper.

I tried.

 

[ChicagoFats]

Have you changed the title of the thread yet?

 

[MalO]

Have you changed the title of the thread yet?

Only the deluded would think the economy is doing well right now. The crash hasn't happened yet because the Fed has put the economy on life support. This is why inflation has been so bad for the past two years.

However inflation has consequences. They didn't solve the underlying problems they just kicked the can like always. Delaying the inevitable makes it worse.

 

[MalO]

*sniff* *sniff*

Does someone smell barbecue?

Oh. It's the fed's balls.

 

[ChicagoFats]

Only the deluded would think the economy is doing well right now. The crash hasn't happened yet because the Fed has put the economy on life support. This is why inflation has been so bad for the past two years.

However inflation has consequences. They didn't solve the underlying problems they just kicked the can like always. Delaying the inevitable makes it worse.

Are you one of those people who have called 10 of the last 5 market crashes?

 

[MalO]

Are you one of those people who have called 10 of the last 5 market crashes?

I still think it's going to happen this year. We're only 5 months in.

 

[MalO]

 

[MalO]

 

[MalO]

Earnings call tomorrow 6/7/23

The price could go up. The price could go down.

All I know is that I'm all-in on a highly successful company. Gaming is a multi-billion dollar industry and Gamestop isn't going anywhere.

 

[MalO]

Idiosyncratic risk, you say?

 

[MalO]

Fully collateralized swaps, you say?

 

[MalO]

Crypto to be regulated like securities, you say?
Binance going down, you say?

Crypto regulation: Does SEC Chair Gary Gensler have the final say?

Many crypto industry insiders claim that the SEC's approach of regulation by enforcement is unfair and that they need clear legal frameworks.

cointelegraph.com

In a February interview with New York Magazine, Gary Gensler, chairman of the United States Securities and Exchange Commission, said that just about every crypto transaction, with the exception of Bitcoin spot transactions and buying or selling things with cryptocurrency, falls within the jurisdiction of the SEC.

In the interview, when discussing what types of crypto transactions should be regulated as securities, Gensler didn’t mince words. “Everything other than Bitcoin. You can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth,” Gensler said.

Gensler continued, “They might drop their tokens overseas at first and contend or pretend that it’s going to take six months before they come back to the U.S., but at the core, these tokens are securities because there’s a group in the middle and the public is anticipating profits based on that group.”

Gensler contends that the SEC’s jurisdiction over most cryptocurrencies is based on a 1946 Supreme Court ruling in the case SEC v. W.J. Howey Co. According to Investopedia, the W.J. Howey Co. sold citrus groves to Florida buyers. Those buyers would lease the groves back to the company. The company cultivated the trees and sold the oranges on behalf of the Florida buyers. Both would share in the profits. W.J. Howey Co. subsequently failed to register with the SEC, arguing that its transactions were not investment contracts.

 

[MalO]

Funny that the price drops on earnings day "because Gamestop terminated it's CEO"

Then the next market day it's back up "because insiders are buying lots of stock in the company"

The truth is they shorted the F out of it on earnings day to try and shake off household investors who are clutching their stock with diamond hands. But we're not selling.

Wen price discovery?

 

[MalO]

That moment when you attempt to rig the market, and things don't quite go as planned.

 

[MalO]

I don't have high hopes for Wal-Mart but I'm still not going to open short positions on it. Shorting is wrong and I wouldn't short any stock.

 

[MalO]

Citadel roars like a lion and trembles like a pussy cat.

 

[MalO]

THIS.



"Your capacity to service debt shouldn't be defined by your ability to service the interest-only period, it should be defined by your capacity to service the full amoritization schedule without additional capital."

BANKS?
HEDGE FUNDS?
UNITED STATES FEDERAL GOVERNMENT?

Our country is absolutely fucked up. Everyone gets an infinite amount of free money in the form of unlimited debt except average Joe American.

The rich are enjoying the full benefits on Communism and the rest of us suffer under Crony Capitalism.

 

[ChicagoFats]

Well they pretty much have been. The low in The spx was what 3800 or something? We are closing in on 4200 now.

Yes I think we go higher

Have you changed the title of the thread yet?

 

[MalO]

Any positive sentiment is hot air. Market crash soooon.

 

[MalO]

lol. lmao.

Absurd is that they can have 65 billion in unpurchased assets valued at the time of purchase and not have to pay it off.

Absurd is that JPMorgan and every other financial institution is constantly getting caught red handed committing crime and nothing seems to be done about the system we live in.

Absurd is expecting that the powers that be on the GOOD SIDE would let the system just crash and collapse overnight as it would if they let us slaughter our opponents.

Absurd is that DJT just said for the past 7 years the cabal has been running PsyOP campaigns against USA in a way that would be used to destabilize nations.

WHAT THE HECK IS GOING ON is the only question we need to ask.