Category: Article – Media

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Article: GameStop Short Selling Reduces By Over Half: Report

Article - Media, Publications

GameStop Short Selling Reduces By Over Half: Report

Shivdeep Dhaliwal, 02 February 2021

Short selling activity in the shares of GameStop Corp (NYSE: GME) is slowing down as traders move to cover their bets, according to analytics company S3 Partners, Reuters reported Monday.

What Happened: The video game retailer’s 27.13 million shares were shorted in the week, which is 35 million lower than the number of shares shorted in the preceding week, as per Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Continue reading “Article: GameStop Short Selling Reduces By Over Half: Report”

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Article: Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?

Article - Media, Publications

Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?

InvestorsObserver Analysts, 02 February 2021

The market has been high on Americas Gold and Silver Corporation (USAS) stock recently. USAS gets a Bullish score from InvestorsObserver’s Stock Sentiment Indicator.

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Americas Gold and Silver Corporation (USAS) stock is lower by -9.17% while the S&P 500 is higher by 1.71% as of 2:08 PM on Tuesday, Feb 2. USAS is down -$0.28 from the previous closing price of $3.00 on volume of 1,387,711 shares. Over the past year the S&P 500 is higher by 18.15% while USAS is down -5.54%. USAS lost -$0.10 per share in the over the last 12 months.
Continue reading “Article: Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?”

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Article: Warren Seeks Answers From Robinhood Over Trading Limits

Article - Media, Publications

TWarren Seeks Answers From Robinhood Over Trading Limits

Jon Hill, 02 February 2021

Sen. Elizabeth Warren, D-Mass., is calling on Robinhood to more thoroughly explain its decision last week to restrict trading in shares of GameStop and other companies amid a frenzy of retail investor activity, saying the move has raised questions about potential conflicts of interest facing the trading platform.

In a Tuesday letter to Robinhood CEO Vladimir Tenev, Warren described the trading restrictions as an “abrupt” rules change that not only risked hurting Robinhood’s retail investor customers but has also led to concerns about how the platform’s ties to hedge funds and other bigger Wall Street players may have influenced its decision-making. Continue reading “Article: Warren Seeks Answers From Robinhood Over Trading Limits”

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Article: U.S. commodities regulator monitoring silver markets activity -acting chairman

Article - Media, Publications

U.S. commodities regulator monitoring silver markets activity -acting chairman

Lisa Lambert, 02 February 2021

WASHINGTON, Feb 1 (Reuters) – The U.S. commodities regulator is closely monitoring recent activity in the silver markets and working with fellow regulators to address any potential from the moves, said its acting chairman, Rostin Behnam, in a statement released on Monday.

The Commodity Futures Trading Commission “is communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation,” Behnam said.

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Article: Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2

Article - Media

Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2

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Bloomberg, 2 February 2021

ROBERT STEELE: The article by Bloomberg is largely bullshit. Buried in one line is “failure to settle.” The reporting is unprofessional and irresponsible.

Continue reading “Article: Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2”

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Article: The War On Wall Street: GameStop Sparks Revolution With Retail Investors

Article - Media, Publications

The War On Wall Street: GameStop Sparks Revolution With Retail Investors

Anat Alon-Beck, 01 February 2021

I don’t know about you, but I’ve been glued to the financial news during the past week.

And, for the first time, both my husband and my son were actually interested in my work. It is mind-boggling.

My husband first told me these stories of people making exorbitant amounts of money trading stock options, and no, not people we know from the investment community. My son, who turned 11 this month, wanted to know what’s all the buzz in the news about his favorite store: GameStop GME +0.9%. Continue reading “Article: The War On Wall Street: GameStop Sparks Revolution With Retail Investors”

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Game On In Silver: This Could Be For Real

Article - Media

Andrew Hecht | 21.02.02

During the past several days, the highly-speculative silver market became a central focus of the social media crowd. Markets move high when buyers are more aggressive than sellers and vice versa. Silver is now the next target for the herd that cashed in on GameStop and other shares with short interest. Silver and GME shares are very different assets, but the price action puts them in the same category in the current landscape.

Continue reading “Game On In Silver: This Could Be For Real”

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Article: NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys

Article - Media, Publications

NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys

Hagens Berman Sobol Shapiro LLP, 01 February 2021

Hagens Berman urges Northern Dynasty Minerals Ltd. (NYSE: NAK) investors to submit their losses now. A securities fraud class action is pending before the U.S. District Court for the Eastern District of New York and certain investors may have valuable claims.

The lawsuit alleges Northern Dynasty and senior executives misled investors about the viability of the company’s proposed Pebble Project, a large mining project in Alaska.

In past quarters, Northern Dynasty repeatedly touted its progress in obtaining the necessary permitting for the Pebble Project. The company and senior management also repeatedly assured investors that the Pebble Project design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal, state and local regulatory agencies.
Continue reading “Article: NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys”

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New York Bank Fined For Anti-Money-Laundering Law Failures

Article - Media, Fined

WSJ | 21.02.01

Apple Bank for Savings will pay the FDIC $12.5 million for allegedly failing to comply with the Bank Secrecy Act

Apple Bank for Savings agreed to pay $12.5 million to settle a regulator’s claims that it failed to comply with anti-money-laundering rules. The bank allegedly violated the Bank Secrecy Act, an anti-money-laundering law, between April 2014 and September 2018, the Federal Deposit Insurance Corporation said. The order was issued in December and made public on Friday.

Continue reading “New York Bank Fined For Anti-Money-Laundering Law Failures”

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Carson Block Suspects Hedge Fund Coordination in Short Squeezes

Article - Media

Erik Schatzker | 21.02.01

Carson Block, the activist short-seller famous for targeting Chinese frauds, recognizes familiar behavior in the rally of shares such as GameStop Corp. To him, the parabolic moves look less like the product of Reddit-driven retail orders than a short squeeze by hedge funds targeting other hedge funds.

Continue reading “Carson Block Suspects Hedge Fund Coordination in Short Squeezes”

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A Trading Forum on Reddit Leads a Stock to Surge over 1700% in Just One Month! Who is the Villain in the GameStop Saga?

Article - Media
Who is the villain in the GameStop saga?
Ananya Narang | 21.01.30
This extensive and sudden surge in the share prices of GameStop has also led to short-sellers experiencing record losses with the instances shorting in GameStop shares increasing by some 1.53 million just over the last 30 days. This has given the gaming company a short interest of nearly 71.79 million shares. Experts and market analysts claim that the super surge in share prices is the result of a fight between private investors and professional investors.

Continue reading “A Trading Forum on Reddit Leads a Stock to Surge over 1700% in Just One Month! Who is the Villain in the GameStop Saga?”

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Article: GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month

Article - Media, Publications

GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month

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”

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Article: Americas Gold and Silver Announces Closing of C$33.9 Million Bought Deal Financing

Article - Media, Publications

Americas Gold and Silver Announces Closing of C$33.9 Million Bought Deal Financing

(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”

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Article: Hedge Fund Says Banks’ Spoofing, Naked Shorting Cost It Big

Article - Media, Publications

Hedge Fund Says Banks’ Spoofing, Naked Shorting Cost It Big

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”

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Article: Elizabeth Warren Demands SEC Response To GameStop Frenzy After It Vows To Protect Retail Traders From ‘Abusive Or Manipulative’ Activity

Article - Media, Publications

Elizabeth Warren Demands SEC Response To GameStop Frenzy After It Vows To Protect Retail Traders From ‘Abusive Or Manipulative’ Activity

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”

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