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”

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”

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

By ,, , and

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”

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”

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”

Carson Block Suspects Hedge Fund Coordination in Short Squeezes

Article - Media

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”

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

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?”

Steven Vervaecke: Wall Street Controlled Demolition Part 2

Letter

The wallstreetboys reddit gamestop saga has been interesting. But the next chapter will be far more interesting.

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.

Continue reading “Steven Vervaecke: Wall Street Controlled Demolition Part 2”

Robert Steele: Wall Street Controlled Demolition Part 1

Letter

Alert Reader sent me this.

Robert,

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.

Continue reading “Robert Steele: Wall Street Controlled Demolition Part 1”

Alert Reader: Wall Street Situation More Dire, Cosmic Aspect?

Letter

I watched this:

Alliance, Trump, and More – Yazhi Swaruu´s Larger Perspective (Extraterrestrial Communication)

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.

Continue reading “Alert Reader: Wall Street Situation More Dire, Cosmic Aspect?”

Alert Reader: This is a coordinated attack, not a populist accident

Uncategorized

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.

Continue reading “Alert Reader: This is a coordinated attack, not a populist accident”

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”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?