Introdasting thread on /r/superstonk.
Goes over how shorts from GameStop have potentially been being hidden not just in ETFs, but in overseas markets
Images from post:
https://files.catbox.moe/t1yzcr.png
Not once did the sec report state “investment firms closed their short position”. I find that fact very telling. Add in the recent “leakage” of data discussed in this post and it becomes even more clear shorts never closed.
"The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden says." - Dec 10, 2024
https://www.fca.org.uk/investsmart/lessons-learn-gamestop-episode
"Normally, a high level of share ownership among the public is seen as a good thing. But many of these investors were novices, drawn into the media hype with little or no understanding of the risks they were taking with their money."
Unless I'm mistaken, it appears the amount listed in slide 8 is not in the QUADRILLIONS, or even QUINTILLIONS, but indeed to the SEXTILLIONS!!! (Nice.)
My brain is smooth and I wanted to clarify something about the 5.3 sextillion vs. 100 quintillion numbers. From my understanding, it’s the $100 quintillion total in equity derivatives that matters most for GME, since that’s where naked shorts and synthetic shares would show up, not the sextillion figure (which seems to be tied to commodities). If we assume GME represents a disproportionate share of that $100 quintillion, say 5% (given how manipulated we know it is), that would mean there are $5 quadrillion in naked GME shorts. Using that number: Total synthetic shares = $5 quadrillion ÷ $32/share = 156.25 trillion synthetic shares. Short interest = (156.25 trillion ÷ 446.8 million real shares) × 100 = ~34,950,000%, or about 349,500x the total real shares.
Yikes, inflation is going to get much, much worse, huh? Fuk u, pay me
Them are big numberrrrrs.
Precipice on the horizon. I think the WH's will pull the plug on the fake wealth system, and as it crashes they will control the narrative and say it is a deep state financial terror attack (similar to how the LA fire narrative quickly became a deep state liberal outcome).
Gavin Newsoms stole my pistachios!
I am hoping that this is part of getting rid of the derivatives casino.
Financial system shouldn’t be built on effectively legalized blackjack tables, where the people footing the bill aren’t allowed to play and never receive any winnings.
I just hope the WH's let GME moon before they pull the plugs.
That number is total volume for the year. Many positions are opened and closed quickly. Their is no way to know what is still open, or what is GME.
I belive we will replay the cycle from 2021 and the stock will shoot up on similar days.
I looked at this thread as “oh, that’s how they’re hiding certain components of this that can’t fit into ETFs due to legal or liquidity requirements”.
Their are many ways. The best I've read lately is on the 4 year swaps that will expire soon and need to be repurchase or closed. Now that they have 4 billion in the bank,I doubt they will find any buyers.
I hope APE is right! My son's bday is coming up next month and I want to buy him a Truck more than I want to buy me a Lambo. He will be getting a hardship license because I'm a bit disabled. Be nice for him to have his own truck.
Oh, don't worry about paper handing for a truck. I have XXXX shares and plan to keep a big chunk for the infinity pool! (Poor Blue Prince, said APEs would die and then he did. So sad.)
Wow, right over my head . And I was worried about living on a couple thousand amonth on social security
Thanks bro , I like your style
Hmmm..not saying you are wrong, OP, but it just doesn't seem like those numbers are possible with GME. Heck, that means that each share is worth $100,000 US. Or something comparable. When did the shorts on GME go ballistic like that? I could easily see maybe something in the range of $100-$500/share....maybe... So if these numbers of Quintrillion are true, then those companies holding the naked short postions will be shut down quickly once the flood gates of pain open. Too bad, they risked a piddly company to go down in flames and somehow regular Joe's decided to prop it up and squeeze the shorts. Hahahahahaha. I wonder if the pain they will feel has been pushed back until Trump takes office and he can stand and watch a lot of big brokerages go bust and then he can rebuild America's financial institutions back onto a solid footing, with rogue traders being put in jail for their evil deeds.
It’s not my DD, I just find the whole thing ‘dasting.
It’s speculated in the thread that 11mil is the floor, and “I’ll sell for phone numbers” has been a motto for some time.
They were ballistic to ridiculous degrees in 2021, but sextillion would be even ballisticier.
I’d like bananas, please.
This is not 6 quintillion in shorts.
This is 6 quintillion in short VOLUME!
This is how they get away with report low short interest on stocks like GME by the way: Hiding the shorts overseas since overseas reporting is different versus that of in the US.
Big Mike is hiding something in his shorts right here @ home...
So if this is true, when everything is unravelled (starting probably in the next 6 days or so), it will cripple pretty much all the financial markets. The levels of stupid that would be involved in this space beggars belief.
I e been following Edwin Barnes on X and boy howdy y’all oughtta go to his page. Yes, GME and DJT is going to moon this month 😃
Please be right! I have to sell a gold coin next month just to make ends meet. Glad I have a small stack but I don't want to sell until we are back on the Gold Standard!
I'm smooth-brained too, but I learned a few things about British and European bean counting that will affect your calculations. In the US, after 999 million you get a billion, but in the UK you get a thousand million. So in the UK you don't get a UK billion until after 999 thousand millions. In other words, a US billion is 1,000,000,000 but a UK billion is 1,000,000,000,000. That's 3 more significant digits.
I'm not sure how it translates when you go to trillions or higher.
Anyway, be aware of that whenever you see columns that say (in billions) or when numbers are spelled out in words instead of in numerals, but it's worth accounting for.