Regarding XRT, here is the actual SEC report: https://www.sec.gov/comments/s7-16-15/s71615-60.pdf It is 40 pages, and I don't have time to read through
Then listen to the video I sent you while doing something else. The video goes over what XRT is doing.
it and figure out what they are talking about. I will say that XRT is a fund that mirrors the S&P Retail Index, and shorting a massive amount of GME stock would be a ridiculous thing to do for multiple reasons.
But that is what they are doing: The fund contains GME. They are allowed to rebalance and can create shares as needed as long as they satisfy the creation in T+2+35 days time. If they do not do that, that is called an FTD (Failure to Deliver).
https://www.investopedia.com/terms/f/failuretodeliver.asp
Is the SEC talking about the buying/selling of XRT shares itself, or claiming that XRT is secretly shorting stocks to boost their results? That wouldn't even make sense, since their mandate is to DUPLICATE (not outperform) the index.
Yes. It is in the report. I am mostly surprised that the SEC knows about it, and has done nothing yet.
More on FTDs for GME and XRT:
GME and XRT https://archive.ph/TiJyi
What does MEME's position prove? They don't even have the assets to short any significant amount of GME if they wanted to. And if they did, it would totally expose them as frauds.
MEME and TMFC are brand new funds created to allow more shorting of shares via the ETF creation feature.
Why create them?
Because of the massive number of share direct registered.
If your shares are direct registered, they cannot be shorted.
And with the amount of FTDs on GME and XRT, they needed more share creation opportunities because shares are being DRS'd at a crazy rate.
GME CEO's announcing that was also a shot across the bow for the Short Funds out there: Once the float is locked up enough, then this will end up exactly like the Porsche VW short squeeze. But unlike that squeeze, there is no single party the government can go to get the shares back like the German government did with Porsche.
So why has GME dropped a lot since then?
It is easier to manipulate stock when there is not that many shares/volume in the stock.
What took millions of shares bought or sold in the March 2021 to June 2021 time frame now only takes thousands because again millions of shares are DRS'd.
Regarding family offices, those are just investment advisors. They do NOT place trades. They go THROUGH prime brokers, just like the hedge funds do.
...Archegos did not bet short on GME by buying shares, they bet short on GME via the swaps. The swaps were with Prime Brokers with Credit Suisse helping facilitate them and then Credit Suisse eating the bag:
Further the swaps are very important for this GME tale. So important that the CTFC made it so they cannot be revealed until 2023
Finally, look at the chart:
Did you do what I requested and look at GME at TradingView using the indicator?
Here ya go: https://www.tradingview.com/x/3cpg01xE/
90 day cycle for all to bear
Also every. Single. Short. Squeeze does a major dip before the rip as companies move to lower the price as much as they can so they can hurry to buy it back before they get completed fucked. Look at the chart of VW, or BRN.AX, or IRNT.
If you are talking manipulation at a massive level,
Yes. One firm Tyrannosaurus WRECKED Credit Suisse.
1 firm.
Imagine all the other ones as the bill comes due.
Think about when CITADEL blows up.
Instead of going point by point with you, if you want to actually see what is going on and why this is the trade of a lifetime, here is a link for you of a shit load of Due Diligences on GME:
https://fliphtml5.com/bookcase/kosyg
You can look at it, or not. Your choice.
Regarding XRT, here is the actual SEC report: https://www.sec.gov/comments/s7-16-15/s71615-60.pdf It is 40 pages, and I don't have time to read through
Then listen to the video I sent you while doing something else. The video goes over what XRT is doing.
it and figure out what they are talking about. I will say that XRT is a fund that mirrors the S&P Retail Index, and shorting a massive amount of GME stock would be a ridiculous thing to do for multiple reasons.
But that is what they are doing: The fund contains GME. They are allowed to rebalance and can create shares as needed as long as they satisfy the creation in T+2+35 days time. If they do not do that, that is called an FTD (Failure to Deliver).
https://www.investopedia.com/terms/f/failuretodeliver.asp
Is the SEC talking about the buying/selling of XRT shares itself, or claiming that XRT is secretly shorting stocks to boost their results? That wouldn't even make sense, since their mandate is to DUPLICATE (not outperform) the index.
Yes. It is in the report. I am mostly surprised that the SEC knows about it, and has done nothing yet.
What does MEME's position prove? They don't even have the assets to short any significant amount of GME if they wanted to. And if they did, it would totally expose them as frauds.
MEME and TMFC are brand new funds created to allow more shorting of shares via the ETF creation feature.
Why create them?
Because of the massive number of share direct registered.
If your shares are direct registered, they cannot be shorted.
And with the amount of FTDs on GME and XRT, they needed more share creation opportunities because shares are being DRS'd at a crazy rate.
GME CEO's announcing that was also a shot across the bow for the Short Funds out there: Once the float is locked up enough, then this will end up exactly like the Porsche VW short squeeze. But unlike that squeeze, there is no single party the government can go to get the shares back like the German government did with Porsche.
So why has GME dropped a lot since then?
It is easier to manipulate stock when there is not that many shares/volume in the stock.
What took millions of shares bought or sold in the March 2021 to June 2021 time frame now only takes thousands because again millions of shares are DRS'd.
Regarding family offices, those are just investment advisors. They do NOT place trades. They go THROUGH prime brokers, just like the hedge funds do.
...Archegos did not bet short on GME by buying shares, they bet short on GME via the swaps. The swaps were with Prime Brokers with Credit Suisse helping facilitate them and then Credit Suisse eating the bag:
Further the swaps are very important for this GME tale. So important that the CTFC made it so they cannot be revealed until 2023
Finally, look at the chart:
Did you do what I requested and look at GME at TradingView using the indicator?
Here ya go: https://www.tradingview.com/x/3cpg01xE/
90 day cycle for all to bear
Also every. Single. Short. Squeeze does a major dip before the rip as companies move to lower the price as much as they can so they can hurry to buy it back before they get completed fucked. Look at the chart of VW, or BRN.AX, or IRNT.
If you are talking manipulation at a massive level,
Yes. One firm Tyrannosaurus WRECKED Credit Suisse.
1 firm.
Imagine all the other ones as the bill comes due.
Think about when CITADEL blows up.
Instead of going point by point with you, if you want to actually see what is going on and why this is the trade of a lifetime, here is a link for you of a shit load of Due Diligences on GME:
https://fliphtml5.com/bookcase/kosyg
You can look at it, or not. Your choice.