Article: Meme Stocks Mania: What Is ‘Naked Shorting’ and Why Is It Trending on Twitter?

Article - Media

Meme Stocks Mania: What Is ‘Naked Shorting’ and Why Is It Trending on Twitter?

William White, 07 June 2021

Naked shorting is trending on Twitter (NYSE:TWTR) today and it looks like there’s no end in sight to the meme stock mania as users react to the news that kicked this all off.

All of the excitement around naked shorting started after CNBC host Melissa Lee mentioned that the practice was taking place with shares of AMC Entertainment (NYSE:AMC) stock. The host said the following while discussing the matter.

“There’s a lot of people, a lot of short sellers out there borrowing stock they didn’t have.” Continue reading “Article: Meme Stocks Mania: What Is ‘Naked Shorting’ and Why Is It Trending on Twitter?”

Article: Wall Street Reins In Hedge Funds’ Short Bets on Meme Stocks

Article - Media, Publications

Wall Street Reins In Hedge Funds’ Short Bets on Meme Stocks

Eliza Ronalds-Hannon and Jennifer Surane, 04 June 2021

Wall Street’s top brokers are quietly tightening their rules for who can bet against retail traders’ most-popular meme stocks.

Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Jefferies Financial Group Inc. are among firms that have adjusted their risk controls at prime-brokerage operations, according to people familiar with the moves. The banks are trying to protect themselves against fallout from extreme surges and dips that have characterized trading in companies including AMC Entertainment Holdings Inc., MicroVision Inc. and GameStop Corp. Continue reading “Article: Wall Street Reins In Hedge Funds’ Short Bets on Meme Stocks”

Article: Jefferies Prime Brokerage Suspends Short Sales In AMC, GameStop And MicroVision

Article - Media, Publications

Jefferies Prime Brokerage Suspends Short Sales In AMC, GameStop And MicroVision

TYLER DURDEN, 03 June 2021

Pouring more fuel on what was already today’s dumpster fire of a market, Bloomberg reported that according to a memo it had seen, Jefferies told clients its prime brokerage arm will no longer allow the execution of short sells in meme stocks such as AMC, GameStop and MicroVision.

“Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options in GME, AMC and MVIS,” the memo noted. The firm will no longer allow the execution of short sells of those securities, the memo continued, noting that other stocks may be added to that list. Continue reading “Article: Jefferies Prime Brokerage Suspends Short Sales In AMC, GameStop And MicroVision”

Article: Jefferies Blocks Short Sells in GameStop, AMC, MicroVision

Article - Media, Publications

Jefferies Blocks Short Sells in GameStop, AMC, MicroVision

Luke McGrath and Gillian Tan, 03 June 2021

Jefferies told clients Wednesday its prime brokerage arm will no longer allow the execution of short sells in GameStop Corp., AMC Entertainment Holdings Inc. and MicroVision Inc., according to a memo seen by Bloomberg News.

“Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options in GME, AMC and MVIS,” the memo noted. The firm will no longer allow the execution of short sells of those securities, the memo continued, noting that other stocks may be added to that list. Continue reading “Article: Jefferies Blocks Short Sells in GameStop, AMC, MicroVision”

Today’s Big Crime: MicroVision (MVIS)

Uncategorized

MicroVision, Inc. (MVIS)

0.8377-0.2923 (-25.87%) At close: 4:00PM EDT

0.635 -0.2027 (-24.20%) After hours: 6:04PM EDT

Comment: MVIS went up on almost 700 Million shares in 4 days and hit a high of $1.82 so lets say they sold 100,000,000 million shares naked short at a average price of $1.25

The stock is now 80 cents and looks like tomorrow it wil be 60 cents $1.25-60cents= about 65 cents profit now X 100M shares do the math= in 4 days they could walk way with 65 MILLION for selling fake shares

CRIME DOES pay