buckle up @TheRoaringKitty
i crunched the numbers.
notional of all $GME (mainly 2019) swaps expiring today is $1,314,060,000,
across 11027 separate dissemination chains,
with a total count of 102,500,000 shares.
Today is going to be neat, imho.
#GameStop. #CantStopWontStop.
@ReesePolitics One could argue witholding information could also lead to ‘unforeseeable harm’ for those on the other side of the trade. Do better @SECGov it’s time to represent the people who ALWAYS deal with the consequences of their actions. Institutions should follow suit.
$GME
Sophisticated short sellers do not naked short.
They build synthetic long positions to short sell and then clear and settle through NSCC's continuous net settlement accounting loophole (share laundering scheme).
Continuous net settlement allows brokers to use YOUR shares (+1s) to settle short sellers' short sales (-1s).
Continuous net settlement IS the loophole.
We are not dealing with a naked shorts problem;
We are dealing with a RIGGED CASINO problem.
Today in Rock History
January 30, 1981
Queen’s “Another One Bites the Dust” won the Favorite Pop/Rock Single honor at the American Music Awards in Hollywood.