IBKR (as a stock) is following the macro market moves. GME is negative Beta (and has been since December), so its moves do not correlate with the market, and often run opposite to the market (Beta nearing -1).
Now IBKR as a broker is primarily a Level 2 or Prime broker. They've only recently opened up retail operations. That gives them a "ten thousand foot" view of what's going on, plus the ability to leverage / aggregate / find shares at other brokers, and they publish the data for all to see. That's why stonk-o-tracker uses them to show borrowed shares, but it does not mean that a newly borrowed share is being short sold; it's also not all the available shares to loan.
I'm pretty sure the vast majority of those shares borrowed and returned daily are being used in wash sales to drive short ladder attacks and depress the price so they don't get margin called.
I don't disagree with your finding. Pain is coming. I just don't see a meaningful correlation here, let alone causation. IBKR is a transport mechanism- they're not the Buyer or Seller, Pledgee or Pledgor.
FWIW, I do think Buffett is long GME. Doesn't make him any less of an evil fucking douchebag.
kek... BRK.A is the most elitist of the elites' stocks out there. I hope it tanks.
(ELI5: It's the most expensive stock in the world at ~$420K per share. NASDAQ needed to update their software a few weeks ago because it exceeded a maximum value in the exchange's software.
Normally a company does a stock split when it gets big to attract more investors, but Buffett won't do it- to keep "the riff raff" out.)
I wish, but I see a different set of circumstances kicking in. In short, the money printer go brrrr and we end up with more inflation. The MSM will herald the Fed as our savior since a hedge fund went rogue and all these "meme stock reddit daytraders" crashed the market.
I honestly believe the only way we end the Fed is by consitutional convention and we take the money printer away- whether that means giving it back to the Treasury or NESARA / return to a bimetallic standard.
No, I believe the fed is getting sucked into this with the Reverse Repo stuff and Trump creating a law that made the Fed part of the US Treasury. Honestly, this all seems like an elaborate setup to bring down the entire system. HODL and see!
Every day I go to bed and say a little prayer that will happen. I don't claim to know all the factors that need to be calculated in to become reality, but it's pretty clear to me the Fed / ECB / BoE are the incarnations of evil.
I think you're reading way too much into this.
IBKR (as a stock) is following the macro market moves. GME is negative Beta (and has been since December), so its moves do not correlate with the market, and often run opposite to the market (Beta nearing -1).
Now IBKR as a broker is primarily a Level 2 or Prime broker. They've only recently opened up retail operations. That gives them a "ten thousand foot" view of what's going on, plus the ability to leverage / aggregate / find shares at other brokers, and they publish the data for all to see. That's why stonk-o-tracker uses them to show borrowed shares, but it does not mean that a newly borrowed share is being short sold; it's also not all the available shares to loan.
I'm pretty sure the vast majority of those shares borrowed and returned daily are being used in wash sales to drive short ladder attacks and depress the price so they don't get margin called.
I don't disagree with your finding. Pain is coming. I just don't see a meaningful correlation here, let alone causation. IBKR is a transport mechanism- they're not the Buyer or Seller, Pledgee or Pledgor.
FWIW, I do think Buffett is long GME. Doesn't make him any less of an evil fucking douchebag.
kek... BRK.A is the most elitist of the elites' stocks out there. I hope it tanks.
(ELI5: It's the most expensive stock in the world at ~$420K per share. NASDAQ needed to update their software a few weeks ago because it exceeded a maximum value in the exchange's software.
Normally a company does a stock split when it gets big to attract more investors, but Buffett won't do it- to keep "the riff raff" out.)
I believe this has the potential to bring down the Fed.
Which was probably by design to begin with... Hmmm
I wish, but I see a different set of circumstances kicking in. In short, the money printer go brrrr and we end up with more inflation. The MSM will herald the Fed as our savior since a hedge fund went rogue and all these "meme stock reddit daytraders" crashed the market.
I honestly believe the only way we end the Fed is by consitutional convention and we take the money printer away- whether that means giving it back to the Treasury or NESARA / return to a bimetallic standard.
No, I believe the fed is getting sucked into this with the Reverse Repo stuff and Trump creating a law that made the Fed part of the US Treasury. Honestly, this all seems like an elaborate setup to bring down the entire system. HODL and see!
Every day I go to bed and say a little prayer that will happen. I don't claim to know all the factors that need to be calculated in to become reality, but it's pretty clear to me the Fed / ECB / BoE are the incarnations of evil.