The elite have striken back very agressive after being taken in total surprise. the robin hood app have forced all the gamestop traders to sell their shares instead of holding it. with some futher manipulation the elite where allowed to trade first and drove the reddit people to sell with loss.
I believe that some opening shots may have been fired on Wall Street and the central banking system. It is unlikely that the recent price action GameStop stock (and others) was simply caused by Reddit bloggers. Understand that stock bloggers chat rooms have been around for two decades. Also understand that in order for a stock to move a couple of points, some serious and sustained purchase volume is needed. This would only come from well-capitalized or institutional sources. It is dubious to conclude that a bunch of keyboard warriors pooling their relative “nickels and dimes” would cause a major stock or market movement.
I watched this:
I reviewed earlier Cosmic Agency and it seemed to be at lower levels of transmissions – variable physical entities. This is different, it seems derive from non-physical beyond good and evil entities, delivered by Yazhi, but based on insights or information from a higher level.
It reflects what I am feeling — a much dire situation. The only good news is that the level of non-physical being just below unity with God are now concerned. If I see you in person, I’ll relate some information which I can not on-line.
I think it’s interesting, but it still seems a bit dubious. There is no possible way to get all of these new users to act like a hive mind. Each only has one bullet, so part of this is just naive. You are dealing with some fairly esoteric inner workings of a system that even most professionals don’t even understand.
This is going to be ugly… 100% necessary, but very ugly.
Yun Li, 29 January 2021
The astronomical rally in GameStop has imposed huge losses of nearly $20 billion for short sellers this month, but they are not budging.
Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer, including a nearly $8 billion loss on Friday as the stock kept ripping higher, according to data from S3 Partners.
Still, short sellers mostly are holding onto their bearish positions or they are being replaced by new hedge funds willing to bet against the stock. GameStop shares that have been borrowed and sold short have declined by just about 5 million over the last week, marking an 8% dip in the short interest, according to S3. Most of the short covering occurred on Thursday, when the stock fell for the first time in six days. Continue reading “Article: GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month”
(BUSINESS WIRE, 29 January 2021
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the “Company”), a growing North American precious metals producer, is pleased to announce that it has closed its previously announced and upsized bought deal financing with a syndicate of underwriters led by Desjardins Capital Markets and including Cormark Securities Inc., Stifel GMP, Clarus Securities Inc., Laurentian Bank Securities Inc., H.C. Wainwright & Co., LLC, A.G.P./Alliance Global Partners, and Roth Capital Partners, LLC (collectively the “Underwriters”). A total of 10,253,128 common shares of the Company (“Shares”), including the partial exercise of the over-allotment option by the Underwriters, were sold at a price of C$3.31 per Share for aggregate gross proceeds to the Company of C$33,937,854 (the “Offering”).
The net proceeds of the Offering will be used for working capital purposes at the Company’s Relief Canyon mine as that operation proceeds towards full production, development and exploration at the Company’s 60%-owned Galena Complex, care and maintenance at the Company’s Cosalá Operations, general corporate and administrative expenses, repayment of outstanding debt obligations, and working capital purposes, as detailed in the Prospectus (as defined below).
Continue reading “Article: Americas Gold and Silver Announces Closing of C$33.9 Million Bought Deal Financing”
Jon Hill, 29 January 2021
A Bermuda-based hedge fund has accused several major financial institutions’ U.S. and Canadian securities arms of engaging in spoofing and naked short-selling, alleging in a new Manhattan federal court lawsuit that their tactics caused it to suffer losses in the tens of millions of dollars back in 2016.
In a complaint filed Thursday, Harrington Global Opportunity Fund Ltd. said U.S. and Canadian broker-dealer affiliates of Bank of America, TD Bank, UBS and several other large financial institutions drove down the stock price of the former Concordia International Corp. through illegal trading practices, forcing the hedge fund to sell its own shares in the pharmaceutical company at artificially low prices. Continue reading “Article: Hedge Fund Says Banks’ Spoofing, Naked Shorting Cost It Big”
Jonathan Ponciano, 29 January 2021
TOPLINE As calls heighten for regulators to investigate the retail trading frenzy–and resulting market madness–spurred by Reddit users this week, Sen. Elizabeth Warren (D-Mass.) is urging the Securities and Exchange Commission, which regulates the stock market, to provide specific details about its investigatory steps–hours after the agency issued a vague statement saying it was still “closely monitoring” the recent market volatility. Continue reading “Article: Elizabeth Warren Demands SEC Response To GameStop Frenzy After It Vows To Protect Retail Traders From ‘Abusive Or Manipulative’ Activity”
Jack Kelly, 29 January 2021
It’s telling that regulators aren’t asking why high-end hedge funds were allowed to target vulnerable corporations, such as GameStop, in an alleged short-selling scheme to drive their victims into bankruptcy. As the stock price of their prey goes to nearly zero, the hedge fund honchos could earn multimillions—or billions of dollars–in profits off of the companies closing their doors and laying off thousands of employees into the worst job market in modern history.
Instead, according to the Wall Street Journal, the Securities and Exchange Commission (SEC) is looking into the young, goofy, fun-loving, scrappy and foul-mouthed novice investors on the r/wallstreetbets subreddit of Reddit. There is the feel of an institutional knee-jerk reaction to accept activities from established Wall Street professionals (no matter how odious it seems), while shining a harsh light on new—mostly naive—entrants into the financial community. Continue reading “Article: The Securities And Exchange Commission May Look Into Possible Market Manipulation Made By Reddit Day Traders Instead Of The Short-Selling Hedge Funds”
George Sweeney, 29 January 2021
What is happening to GameStop shares?
GameStop shares have been hitting the news quite a lot recently. At first, it was simply due to their astronomical rise in value. Then people started looking into why the price was rising so much. After all, GameStop is a video game retailer that has been hit hard by the coronavirus pandemic and downloadable games.
Because of all the bad luck surrounding the company, they were one of the most shorted companies in the market. Short selling is when traders buy a company’s shares and then sell them, believing that their price will go down before they buy them back for a profit.
Why are there restrictions?
The reasons for the restrictions vary. Interactive Brokers have said their restrictions were created in order to protect the market and make sure there was enough liquidity.
Another concern they have is that they’ll be left to pick up the bill if their customers end up with big losses. That is why they’re increasing the minimum requirements people must meet in order to borrow money to trade.
If these shares all spiral down at the same time, their fear is that many traders won’t be able to pay back the money they’re borrowing for trading.
Other platforms have said they are using restrictions to:
Stop their service becoming overloaded. Provide some breathing room to maintain everything and look after other customers. Prevent investors losing lots of money during unusual volatility. Make sure they meet any regulatory requirements in their country.
However, some argue that limiting people’s ability to trade shares like GameStop freely is effectively market manipulation because: Many traders accept the volatility risk. Brokers are potentially limiting trading because of their own liquidity issues. Investors are not being allowed full control over their investments
Sarah Sharples, 29 January 2021
An online stoush has erupted between the billionaire owner of baseball team The Mets and a day-trading poster boy surrounding the GameStop stock controversy. The war of words started when day trader Dave Portnoy blasted Steve Cohen, the hedge fund billionaire and Mets owner, about restrictions on trading apps including Robinhood, which are used by amateur investors.
GameStop, a brick-and-mortar video retailer, has seen its stock skyrockets after Reddit renegades set out to prevent Wall Street “fat cats” from making huge profits from it. Continue reading “Article: Billionaire Mets’ owner Steve Cohen and poster boy trader Dave Portnoy in fiery GameStop fight”
PR Newswire, 28 January 2021
If you purchased CleanSpark securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague’s investigation, please contact attorneys Andrew Abramowitz at email@example.com or (215) 875-3015, or Donnell Much at firstname.lastname@example.org or (215) 875-4667, or contact us at www.bergermontague.com/cleanspark.
A recently filed lawsuit accuses the Company and members of its senior management of misleading investors about CleanSpark’s business and operations – specifically, that the Company overstated contracts and customer relationships, as well as its ability to provide advanced technology solutions to solve modern energy challenges.
According to the complaint, investors learned the true state of the Company’s health on January 14, 2021, when Culper Research published a report titled “Cleanspark: Back to the Trash Can.”
Continue reading “Article: CLSK Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against CleanSpark, Inc. (NASDAQ: CLSK); Lead Plaintiff Deadline is March 22, 2021”
DENNIS YOUNG, 28 January 2021
For Mets fans hoping for a hard reset under new owner Steve Cohen, one of the richest men ever to buy an American sports team, this offseason has been depressingly familiar.
The team hasn’t splurged on any major free agents or extended any of its own young talent. They had to fire the GM for being outed as a serial sexual harasser just a month after he was hired. And, most alarmingly for the Mets’ competitive fortunes, Cohen has quickly lost a ton of money on an ill-advised investment. Point72, the $19 billion hedge fund owned and operated by Steve Cohen, is down 15% this year, according to the New York Times. Continue reading “Article: Steve Cohen’s enormous GameStop losses are his own fault”