Citadel Securities urges SEC to reconsider proposal to scrap key stock-trading rule
Citadel Securities said removing the rule would allow brokers to bypass the best displayed exchange prices more easily, encouraging more customer orders to be internalized or routed to alternative trading venues rather than public exchanges.
https://t.co/Mcx3N5t2Y2
@Cyrus24953210@silenceisduck Not sure if I remembered it wrongly, this happened in 2021 but after the May FOMO. And these positions were used to borrow out?
It is estimated that $AMC short sellers have lost over $2 Billion so far betting that the company would go into bankruptcy as a result of consumer preferences around content consumption. That is not what happened at least not yet. There is a new Sheriff in town! @ScottWapnerCNBC
$AMC We filled a small order add for AMC this morning and look at the lots. I’ve never seen anything like it before one share here, two shares there. It’s like they’re scraping the bottom of the barrel . . .
HOLY MOTHER OF NAKED SHORTS!! 🚨
$GME now has 1041% short interest! This is an all-time high since we started systematically tracking SYNTHETIC short interest data.
I discussed the $GME setup earlier, and now there is data to prove the sleight of hand Ryan Cohen pulled on Wall Street. The shorts (read brokers and market makers) are trapped. Here is why:
View live data:
https://t.co/ZsPWVbxEAX
GameStop is now among the Top 10 on the Synthetic Short Interest Leaderboard with $91 BILLION value:
https://t.co/W2ikPaWVhp
Methodology explained here:
https://t.co/shKaiHzGnv
Lets take a step back.
This isn't dilution, or management, that causes a stock to flatline for over two years. The company has significantly reduced debt, box office is recovering, the narrative regarding streaming has changed.
What I see when I look at this chart is a stock price that has been suppressed, though various mechanisms, including but not limited to market maker short exemptions and typical 70% of more of trades occurring in dark pools. Which, as a company where at one point, the majority of shareholders were retail, shouldn't happen.
This is not rocket science. Retail trades in odd lots. Odd lots can be handled by lit exchanges. Dark pools are for large intuitional trades. When you see a large volume day where the price doesn't change and over 70% of the volume is in dark pools, its funds wash trading, or adjusting swaps, or what not. It's not retail.
So yeah, nothing in 5 years changed my mind about how the price has been manipulated. I'm now curious how long they can keep it from bursting out. Tik Toc John.
Explaining to my girlfriend how Brett Harrison lied about AMC and GME FTX tokens being backed 1 fo1 with real shares. And how Brett was never charged or even subpoenaed in court during the FTX trial's . And How Brett, before he was CFO at FTX, has head Algo trade programmer at Citadel and before that he was t Jane Street, likely o doing bad things that courts in India find problematic.
https://t.co/kOrCL1znVT