1st off if you don't know, Jim Cramer is the biggest paid financial shill for Wallstreet. His job is to get dumb money to invest in dumb things. His track record is soooo bad there's no other expiation. You can actually do well on stocks and beat the market by doing the opposite of what he says.
CNBC just used 30 minutes of time that was scheduled to be part of a normal hour of Shark Tank.
Every day at 5 PM Pacific the news on CNBC ends and Shark Tank begins. This Monday was no different, except the stock market saw the NASDAQ take a -4%+ drop and DOW take a -3%+ drop only to recover, and like another post on this sub pointed out, that’s the most significant drop and recovery in a trading day since October of 2008. Eesh.
So why does Shark Tank matter? Shark Tank is a ratings monster. There’s a reason it is first up in prime time every single day on CNBC. There’s a reason I watch it every day other than just wishing I could make a bunch of fucking money for some other reason besides just all the money I plan to make on GME (so I could then throw it all into GME and make more). But besides all that, it would take a lot for CNBC to just skip over 30 minutes of Shark Tank. They wouldn’t give up all those eyes for nothing, unless they wanted them on something. And guess what they had on.
They had fucking Cramer. And he was shitting on retail traders like normal, but he was also desperately sending a message. And that message was that we are not in a recession and everything is okay. He tried to say that now is the time to buy. That buying in this uncertain time is the antidote. They gave Cramer 30 whole minutes of Shark Tank time so he could plead with the working man to keep buying, keep bag holding as we veer off of the cliff, because we are veering hard. He knows it, CNBC knows it, they mentioned it on the show.
They literally said, you can taste it. Regular people can taste it. Wild statistics like the dip and recovery today being the biggest since October 2008 are piling up, we are seeing the writing on the wall clearer and clearer and the dumbest of smooth brain non-apes who invest in mutual funds are starting to hear little birds telling them something is off. And they’re starting to question their masters, and CNBC has to take the time to inject an extra fat dose of it-will-be-okay to keep grandma and mom and dad buying stock while the market makers and rich investors cash out and jump ship.
TLDR; Shark Tank being interrupted by Cramer telling folks to bag hold harder is the canary in the MSM coal mine.
Persona opinion: this is likely tied to the GME and other stocks naked shorting and synthetic shares costing Hedge Funds BILLIONS so far. It looks like a major one got margin called yesterday.
We're directly registering shares with Computershare, which is Gamestop's transfer agency. All the insiders have their shares held in Computershare, so their own name is on the shares, and not some broker; those shares are classed as "street name." When you buy shares through a broker, you don't actually own them. You're basically given an IOU by the broker.
That's why all these people are putting out bullshit articles, trying to scare us into selling off. When the float is locked up, the countdown to hedge fund and broker liquidation begins.
When you buy shares through a broker like TD Ameritrade, can you call them up and be like listen bitches I Want me name on these shares?
Yes lots of info on reddit—DRS direct registry service— superstonk or wallstreetbets for sure have instructions.
There were so many requests through fidelity and vanguard they came up with a streamlined process
Those guys fucked everybody who took their advice and bought GME and AMC at the top.
If you already have shares with TD Ameritrade, call them and tell them you want to DRS x number of shares.
Only if registered through a transfer agent.
Selling is no problem at computershare,we have done it,as a test on superstonk. Apes are going apeshit,moving shares to dsr,for good reasons,read the DD on superstonk.
I DRS 2/3 of my shares.
No cell no sell.
I did check, and you are right. That wasn't the case a couple years ago and/or maybe not available at all transfer agents....but it available at ComputerShare.
Ahh good point.
You can ask them to DRS them to ComputerShare.
Fidelity seems the fastest method to get them DRS'd
This is a good quick explanation on direct register. HODL!
There are NO naked shorts anymore.
They got away with it, and covered their positions.
IF (a big IF) everybody takes their shares out of brokers' hands, they will just naked short again if they need to -- and get away with it again.
Until there is accountability to stop naked short sellers, they will keep doing it.
Seems like a lot of people here think GME still has naked shorts.
It does NOT.
That's some nice FUD you got there.
If anyone is concerned with the utter garbage u/MAG768720 is spewing, go to /r/superstonk. There's many posts debunking that the shorts closed last year.
BTW here is another method they use to hide their short positions:
https://twitter.com/dlauer/status/1446468778062123046
u/MAG768720 just links to a site that shows short interest % and says "PROOF", yet he fails to understand how corrupt wall street is and how they can hide their short interest positions VERY EASILY. He literally sounds like Cramer.
All CNBC does is attack Gamestop and tell people not to buy, that's a big tell that they are afraid of it. Why spend so much time attacking a company if shorts closed and there's nothing for hedge funds to worry about?
Show me which ETF(s) are being supposedly used for this purpose.
I bet you cannot do it -- because you have bought into bullshit hype and you don't know what the fuck you are talking about.
LOL FUD
You're the last to know?
That's called being a bag holder.
I'm not trying to bitch slap anyone here, but c'mon -- WAKE THE FUCK UP.
There are NO naked shorts anymore. They ALL covered.
https://finviz.com/quote.ashx?t=GME
That was the ONLY reason the clowns on Reddit were pushing GME.
That reason does not exist anymore.
The SI% does NOT represent the actual situation, as the shorts have methods to hide their shorts away from the short interest reporting requirements. You should take a browse through superstonk. All things considered now's actually a great time to pick some shares up.
IGNORE THE SHILL. He doesn't understand that they can hide their short positions via an ETF.
700,000 apes disagree with you.
Everyone here knows the MSM lies,you think they tell the truth about money?