🚨Surprise! Surprise! China bans all shorting by 7/22 Monday. "China is a sleeping giant. Let her sleep, for when she wakes she will move the world" - RC
Citadel in HK set up office in 2022 July and create pump & dump for $HKD & $AMTD
They can't do shit in China for naked shorting or other market manipulation using China side for any liquidity grab anymore. They suspended all securities lending as of today. Starting on Monday, 7/22 margin ratio will increase 80%->100%.
There are also $2.5B worth large Swap due next Monday. I do think it could start rally next week through T+7 + OPEX, which is 7/30.
Also, I do think BYON needs to show their card as catalyst before entering Bull cycle and if that's merge w/ BBBY + BYON creating short squeeze, that could potentially happen after BYON earning 7/29.
Some already knew from Charles Schwab rep mentioned that old BBBYQ shareholder will receive BYON shares in exchange last October.
An Anon suspects BYON buying BBBY IP was mid finger to hedgies. Big catalyst is about to be announced either on their earnings or early August.
Shorts need to reduce their short exposure before BYON x BBBY rally happens, therefore, I do think GME rally first on T+7+OPEX til 7/3 before BYON x BBBY run in August.
Is this something they do periodically? This seems to be a similar announcement at the beginning of 2024.
https://mondovisione.com/media-and-resources/news/china-securities-regulatory-commission-csrc-bans-securities-lending-during-res/
Maybe it's something they do after any market fall?
Here's another:
https://www.asiafinancial.com/china-imposes-fresh-curbs-on-share-lending-amid-market-slide
I'd say this is something to worth monitoring but not a unique event.