One thing I did not cover is that in the last GME conference call for earnings, GME talked about the number of shares that were DIRECT REGISTERED to their custodian. This is the first time a company did this since 2000 and only the second US company to EVER do this in history. Just a thought...
That said:
They weren't hiding it last year, when it showed 120%-130% of float was short.
Why "hide" it all of a sudden?
Because according to the media, the shorts all covered GME last year. That statement was repeated a lot last year, but that is not the case due to the swaps.
The report that the SEC made on GME stated that GME has not actually had a short squeeze and that retail FOMO-ing in to the stock lead to the run-up. Again, per the SEC report there has been no short squeeze yet.
So, now you are saying that the money management team for XRT, which is one of if not THE largest retail funds in the market, is involved in illegal trading just to help out a few hedge fund buddies. Look at their holdings:
Yes. But so does the SEC:
https://www.youtube.com/watch?v=JndCIMLV0oU
They have done this so much. Though GME is not in the highest percent of their earnings, that does not matter because they are allowed to create any amount of shares as needed. Watch the video and you will see why XRT, MEME, the Motley Fool ETF, and IWM (all containing GME) have very high short interest with XRT being a dirty slut.
Now, THAT is the first interesting point I've seen made in this entire thread. However, MEME has ... ZERO ASSETS.
MEME has assets.
Yahoo Finance has been ass since Apollo Global Management bought them. Apollo also happens to be a player in the GME saga too🤔
https://www.roundhillinvestments.com/etf/meme/
DWAC was their largest ownership in December, but now it is SoFi.
Finally, look at a chart of DWAC and look at when MEME was placed on the threshold list.
Also, DWAC has ... ZERO REVENUE. It is a SPAC,
If revenue mattered to share price, then AMAZON would be at Zero for years prior to winning their contract with the Federal Government in 2014. Further, there is no reason that Tesla is worth more than Ford or Toyota who deliver way more cars
Because they USE FUTURES CONTRACTS to attempt to mirror the INDEX that they are REQUIRED to try and match. That is the WHOLE POINT of the existence of this fund: to match the S&P Retail Index.
There are NO futures contracts that specifically target GME
The SWAPS are not with the ETF. They are with the Short Hedge Funds and the Family Offices themselves versus Prime brokers. That is why Archegos failed and why Melvin and others are currently getting fucked:
That is why the short interest is low on GME. That and exercising DEEP OUT OF THE MONEY PUTS (yes, they have done this. Look up the Brazilian Puts fiasco on Bloomberg Terminals)
The reason for the "run up EVERY 90 days" is FAR MORE LIKELY to be explained by market manipulation. Every 90 days, there is an earnings report
The run-up and crash correlates with Futures and Swaps rollover (T+2+35), not earnings though. GME earnings seem to happen 1 to 2 months post run-up.
As a matter of fact do this experiment: Go to tradingview.com
Open a daily chart of GME.
Add the indictor called Gherkinit Futures indicator.
Look at the indicator and compare it too each run-up of GME. There is a very clear and distinct pattern.
Want some more? Look at the stock BRN.AX on trading view as well. Notice how it almost mirrors GME movement for movement and look at where it is now.
So here's what you can do to get your money back (if you choose too): Buy the March or April GME 100 CALL. The 90 day run-up pattern starts this week.
If I am wrong, you loss $1300 bucks. If I am right, when it completes the pattern and head to $200, you can CASHLESS EXERCISE GME and get 100 shares for 13 bucks a share.
Disclosure: I not only own shares but I own a few of the 100 CALLs as well.
One thing I did not cover is that in the last GME conference call for earnings, GME talked about the number of shares that were DIRECT REGISTERED to their custodian. This is the first time a company did this since 2000 and only the second US company to EVER do this in history. Just a thought...
That said:
They weren't hiding it last year, when it showed 120%-130% of float was short.
Why "hide" it all of a sudden?
Because according to the media, the shorts all covered GME last year. That statement was repeated a lot last year, but that is not the case due to the swaps.
The report that the SEC made on GME stated that GME has not actually had a short squeeze and that retail FOMO-ing in to the stock lead to the run-up. Again, per the SEC report there has been no short squeeze yet.
So, now you are saying that the money management team for XRT, which is one of if not THE largest retail funds in the market, is involved in illegal trading just to help out a few hedge fund buddies. Look at their holdings:
Yes. But so does the SEC:
https://www.youtube.com/watch?v=JndCIMLV0oU
They have done this so much. Though GME is not in the highest percent of their earnings, that does not matter because they are allowed to create any amount of shares as needed. Watch the video and you will see why XRT, MEME, the Motley Fool ETF, and IWM (all containing GME) have very high short interest with XRT being a dirty slut.
Now, THAT is the first interesting point I've seen made in this entire thread. However, MEME has ... ZERO ASSETS.
MEME has assets.
Yahoo Finance has been ass since Apollo Global Management bought them. Apollo also happens to be a player in the GME saga too🤔
https://www.roundhillinvestments.com/etf/meme/
DWAC was their largest ownership in December, but now it is SoFi.
Finally, look at a chart of DWAC and look at when MEME was placed on the threshold list.
Also, DWAC has ... ZERO REVENUE. It is a SPAC,
If revenue mattered to share price, then AMAZON would be at Zero for years prior to winning their contract with the Federal Government in 2014. Further, there is no reason that Tesla is worth more than Ford or Toyota who deliver way more cars
Because they USE FUTURES CONTRACTS to attempt to mirror the INDEX that they are REQUIRED to try and match. That is the WHOLE POINT of the existence of this fund: to match the S&P Retail Index.
There are NO futures contracts that specifically target GME
The SWAPS are not with the ETF. They are with the Short Hedge Funds and the Family Offices themselves versus Prime brokers. That is why Archegos failed and why Melvin and others are currently getting fucked:
That is why the short interest is low on GME. That and exercising DEEP OUT OF THE MONEY PUTS (yes, they have done this. Look up the Brazilian Puts fiasco on Bloomberg Terminals)