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

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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?

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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: 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: The Securities And Exchange Commission May Look Into Possible Market Manipulation Made By Reddit Day Traders Instead Of The Short-Selling Hedge Funds

Article - Media, Publications

The Securities And Exchange Commission May Look Into Possible Market Manipulation Made By Reddit Day Traders Instead Of The Short-Selling Hedge Funds

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”

Article: Billionaire Mets’ owner Steve Cohen and poster boy trader Dave Portnoy in fiery GameStop fight

Article - Media, Publications

Billionaire Mets’ owner Steve Cohen and poster boy trader Dave Portnoy in fiery GameStop fight

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”

Article: What’s The Endgame For GameStop?

Article - Media, Publications

What’s The Endgame For GameStop?

Taylor Tepper,  27 January 2021

There’s something very weird happening in shares of GameStop (GME).

A market frenzy has pushed the shares of the Grapevine, Texas-based video game retailer up more than 3,000% in just a few months—far, far outsripping the market as a whole. A once-dormant brick-and-mortar retailer with sagging sales, GameStop was worth $300 million in August 2019. Today it has a market cap of almost $20 billion.

Nobody knows what it’ll be worth tomorrow.

GameStop has not invented an addictive new gaming platform. GameStop has not rolled out an awe-inspiring online gaming delivery service. GameStop is a store at the mall. That doesn’t bode well for revenue, given that state governments have imposed rolling lockdowns and stay-at-home orders to limit the spread of Covid-19. And yet here we are. Continue reading “Article: What’s The Endgame For GameStop?”

Article: Something ‘Systemically Wrong’ With GameStop Options Trading, Says Massachusetts Securities Regulator

Article - Media, Publications

Something ‘Systemically Wrong’ With GameStop Options Trading, Says Massachusetts Securities Regulator

Shivdeep Dhaliwal , 27 January 2021

There is something “systemically” wrong in the options trading of the stock of GameStop Corporation GME 0.1%, according to Massachusetts securities regulator, Barron’s reported Tuesday.

What Happened: The Secretary of the Commonwealth of Massachusetts William Galvin told Barron’s that he has kept an eye on the stock. “I’m concerned, because it suggests that there is something systemically wrong with the options trading on this stock.”

The publication is awaiting further clarification from Galvin on the specific nature of the problems in options trading. GameStop shares soared over 134% in regular and after-hours trading and have risen over 678% since 2021 began fueled by a Reddit forum. Continue reading “Article: Something ‘Systemically Wrong’ With GameStop Options Trading, Says Massachusetts Securities Regulator”

Article: In GameStop saga, U.S. regulator examining all aspects and parties: sources

Article - Media, Publications

In GameStop saga, U.S. regulator examining all aspects and parties: sources

Chris Prentice, Pete Schroeder, 05 January 2021

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is looking at every aspect of and parties involved in the “Reddit rally” of GameStop Corp and other stocks, said two people familiar with the matter, suggesting a swath of industry participants may be swept up in the regulator’s review of the trading frenzy.

The people added that the furious surge in shares of GameStop, AMC Entertainment Holdings and other stocks contained familiar patterns, in that it involves users of online platforms hyping up stocks – something seen in the past on bulletin boards and social media platforms.

However, manipulation cases can be complex and may rely on more than simply language posted on a message board, they said.

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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?