I have only loosely followed this story, and this is asked out of curiosity: what's different this time, from all the other times? I've been watching and waiting for the GameStop situation to bubble over, but it seems to keep getting kicked down the road.
How will the MOASS eventually unfold, and why should it happen tomorrow?
Nunes/$DJT putting illegal short sellers on notice for possible RICO violations is heating up and needs eyes on. He already named Citadel (Ken Griffin), and yesterday he named Apex Clearing (They are responsible for forcing brokers to turn off the buy button for GME).
The GME/DJT streams are starting to cross. The illegal short sellers being named by Nunes are the same ones that are involved with GME.
the management of Trump Media, last month, began waging war on the short sellers.
The first step was asking regulators at Nasdaq to step in to prevent “naked” short sales, calling that “potential market manipulation,” despite the fact that it reported revenues of just $4.1 million last year. Days later, it sent a letter to the heads of various committees at the U.S. House of Representatives, repeating those claims. And on Thursday, it urged several House committee chairmen to investigate eight financial firms for their activities.
Initially, Trump Media made fairly broad accusations of naked short selling without naming names. On Thursday, it made some direct accusations. CEO Devin Nunes, a former Republican member of Congress, asked top House Republicans to seek documents and testimony from eight financial firms: Apex Clearing, Clear Street, Cobra Trading, Cowen and Company, Curvature Securities, StoneX Securities, TradePro, and Velocity Clearing. So far, the House Judiciary, Ways and Means, Financial Services, and Oversight and Reform chairs have not publicly responded to the letter.
This is the first time this story starts to make some sense AND the price action looks like it could be confirming the story.
The OP video was about 2021, not about now. He was worried back then, not talking about the current situation.
HOWEVER ...
Ever since Trump came out and put the naked short sellers on notice, DJT has been rallying (for no apparent reason other than Trump's threat of legal action), and GME started rallying shortly thereafter (on no obvious news).
Yesterday, for the first time in a LOOOOONG time, the price broke above the long-term downtrend, and did so on a solid up day and on good volume.
That is the first time since 2021 that the price action looks bullish, combined with the threat from Trump about the naked short sellers.
I have been maybe the most skeptical and downright negative about this story (and I have been right, all the way down, as far as the stock price goes), BUT ...
If we are thinking that the Trump/Nunes moves might have an effect, wouldn't that lead other retailers to the same conclusion and bump up the price as retailers buy in more?
I have only loosely followed this story, and this is asked out of curiosity: what's different this time, from all the other times? I've been watching and waiting for the GameStop situation to bubble over, but it seems to keep getting kicked down the road.
How will the MOASS eventually unfold, and why should it happen tomorrow?
Nunes/$DJT putting illegal short sellers on notice for possible RICO violations is heating up and needs eyes on. He already named Citadel (Ken Griffin), and yesterday he named Apex Clearing (They are responsible for forcing brokers to turn off the buy button for GME).
The GME/DJT streams are starting to cross. The illegal short sellers being named by Nunes are the same ones that are involved with GME.
Apex Clearing was run by a Tricia Rothschild. There isnt any publicly available link to the infamous Rothschild family, but she certainly has similar facial features (droopy eyelids and large gums). https://old.reddit.com/r/Superstonk/comments/sr00gb/vlad_told_us_president_of_the_clearing_firm_made/
Video of Nunes putting illegal (naked) short sellers on notice:
https://rumble.com/v4rrq4f-devin-nunes-calls-on-congress-to-investigate-potential-djt-stock-manipulati.html
The pathetic response from Ken Griffin after being named by Nunes:
https://fortune.com/2024/04/22/ken-griffin-citadel-devin-nunes-truth-social-loser/
This is the first time this story starts to make some sense AND the price action looks like it could be confirming the story.
The OP video was about 2021, not about now. He was worried back then, not talking about the current situation.
HOWEVER ...
Ever since Trump came out and put the naked short sellers on notice, DJT has been rallying (for no apparent reason other than Trump's threat of legal action), and GME started rallying shortly thereafter (on no obvious news).
Yesterday, for the first time in a LOOOOONG time, the price broke above the long-term downtrend, and did so on a solid up day and on good volume.
That is the first time since 2021 that the price action looks bullish, combined with the threat from Trump about the naked short sellers.
I have been maybe the most skeptical and downright negative about this story (and I have been right, all the way down, as far as the stock price goes), BUT ...
I will be looking to buy some on a pullback.
Good luck, everyone.
If we are thinking that the Trump/Nunes moves might have an effect, wouldn't that lead other retailers to the same conclusion and bump up the price as retailers buy in more?