DJT stock price has been creeping up, and I can imagine a situation where corrupt hedge funds are on standby, just waiting for a guilty trial verdict for Trump, and then immediately short the hell out of the stock.

If that happens and the share price temporarily tanks, and you have a stop-loss set, then you’re going to lose your shares.

What we know: Archegos went under in 2021 because of their GME short position. That basket of swaps was passed on to Credit Suisse, who then collapsed in 2023, and has since been absorbed by Swiss banking behemoth UBS. So now UBS is in the hot seat. They're a "too big to fail" and the Swiss gov is sweating bullets.

We also know: Someone with deep pockets has been spending tens of millions of dollars the past few days, buying GME $20 call options with a June 21 expiration. There are 485k call option contracts (48.5 million shares) with expiration dates ranging from May 31 to July 19.

What we also know: GME executed an ATM 45 million share offering Friday. We don't know if those shares were sold on the open market, or sold in a private deal, to an undisclosed buyer. 

Here's the speculative part, so grain of salt, etc: Supposedly, a UBS trader claims that UBS is the buyer for "more than 2/3" of those 485k contracts, and they're going to exercise them, to buy their way out of the Archegos>Credit Suisse>UBS black hole. He states that buying that many shares would put UBS above the SEC's insider limit of 10% ownership, so that's why GME issued the 45m share offering today, in a friendly deal, to increase the float just enough so that UBS can skirt under the 10% rule.

If this speculation is true, then what? Hard to say, but consider that UBS is just one of many big money players holding a GME toxic short position, and the MOASS thesis has always been that whoever acts quickly and gets out first (buys enough shares to close their short position) can survive. It will cost them greatly, but they can survive, while most of the rest are then screwed. Imagine Musical Chairs, but UBS wipes out most of the chairs in one fell swoop, in the first go around, and all the other players are left without a seat.  

What that scenario could mean for shareholders: The large buys by UBS would raise the share price, which would then put the current (huge) option chain ITM (in the money) which would trigger a cascading series of higher price jumps (like going up stair steps) as each higher strike price then becomes ITM. And all this is very conveniently timed, because CAT (Consolidated Audit Trail) oversight goes into effect on May 31.

There's no way to know yet if this UBS rumor is legit, but from what's been happening the over the past few days it does seem very plausible, and if it's legit then we will know soon.

Our Take: “When we talk about narrative seeding and game theory, among the best examples is when Trump went all in against Islam in the lead-up to the 2016 election, then turned around and rug-pulled everybody by visiting Saudi Arabia and being received like a conquering hero.

We are now seeing the second coming of that rug-pull.

Democrat voters were already sympathetic toward Muslims in the Middle East due to Bush's Iraq War, but Trump's antagonistic demeanor and brilliant delivery as the heel of the Left during 2016 exacerbated that sentiment toward Muslims and set it in stone.

I personally believe that President Trump's decision to implement Devolution was not just based on the state of domestic affairs in America in December 2020, but was also based on the stark reality that the foreign lobby ultimately rules DC. Therefore, a foreign group of powerful actors would have been empowered to weaponize DC against President Trump had he done anything other than walk away.

At the head of this host is the Israeli lobby—led by AIPAC—which just yesterday released a video boasting that they have been donating to basically every politician in DC since the middle of the 20th century, effectively bragging that they have owned them all. (An ad about ‘bipartisan’ support for Israel.)

In 1957, Senator Stuart Symington attempted to bring legislation to the Senate floor that would have forced the American Israel Public Affairs Committee (AIPAC), the most powerful Israeli lobby group, to register as a foreign agent. He failed to get necessary support, but one senator did support Symington's proposal:

John F. Kennedy.

President Kennedy would have a very contemptuous relationship with AIPAC and the government of Israel during his presidency. He, too, sought to get AIPAC registered as a foreign agent—as all foreign lobby groups are required to do, per federal law—as he believed that AIPAC was working behind the scenes in DC and subverting his efforts to pursue nuclear disarmament.

Symington would remain in the Senate, and succeed in passing an amendment to the Nuclear Non Proliferation Treaty in the 1970's that prohibits the US from giving foreign aid to any government found in violation of the treaty. It has yet to be enforced against Israel.

It is awfully convenient that Trump doesn't have to be the one in office while the Israeli Deep State implodes on the world stage. And the icing on the cake is that Biden has to obey the masters of DC, in spite of his base, which is in full sympathy of the Muslims, in large part due to [2016] Candidate Trump.

Trump is a chess master.” — GhostofBasedPatrickHenry

DFV was posting every 30 minutes yesterday. This morning it’s every 15 minutes.

Is it a countdown? Is it labor contractions for a “baby” about to be delivered? Will the IEP merger with BuyBuyBaby be announced on Friday the 17th?

So many questions. Enjoy the show.