Here’s what really happened end of January
$GameStop(GME.US$ $AMC Entertainment(AMC.US$ The SEC report on GameStop is prob something not widely circulated by apes. It came out 2 months ago. I’m going to explain the most important finding they made. To be able to do that, I have to explain some basics that many don’t grasp about how short interest reporting works. Here’s the calendar from the beginning of the year.
Short interest is reported for 2 days every month. Once for a day in the middle of the month after the fact and once at the end. This is a snapshot of short interest of a single day. That info is plublished a week or more after that date.
So for instance, what short interest was on Jan.15 was published on Jan 27. When that data was disseminated, it was 12 days old. These 2 numbers are the only short interest data from the Fed. To speak about daily changes in short interest as sites like ORTEX do if complete bullshit.
On Jan 28, everyone was going crazy about the short interest report that came out the previous day without understanding that it reflected only what it was almost 2 weeks earlier.
So for instance, what short interest was on Jan.15 was published on Jan 27. When that data was disseminated, it was 12 days old. These 2 numbers are the only short interest data from the Fed. To speak about daily changes in short interest as sites like ORTEX do if complete bullshit.
On Jan 28, everyone was going crazy about the short interest report that came out the previous day without understanding that it reflected only what it was almost 2 weeks earlier.
Jan 15 short interest was 88%. I was certain that had decreased greatly but I knew that Jan 29 short interest numbers wouldn’t be published until Feb 9. So nobody knew that it had actually plummeted. When it was published it showed short interest was only 30% meaning most of the buying to cover happened between Jan 16-Jan29.
However, as I said, that was unknown by retail at the time. From just an observers viewpoint, it’s impossible to differentiate the price action of short positions buying shares to close their position and massive buying demand with the buyers not selling, reducing supply, and bidding up the price. I had a hunch that the crazy price action was more from regular buyers rather than shorts buying to close their position. The Jan 29 short interest figures published Feb 9 confirmed it. This graph is from the SEC report that I link at the end. Fig 6 in the report.
The aqua is total volume and the orange is the volume that was purchased to close existing open short positions. The price exploded because people THOUGHT there was a squeeze and they bought without selling pushing up the bid price. This wasnt a squeeze per se. Why? The volume from the demand created by shorts covering wasn’t the primary force driving the price up. Instead, it was a minor factor at best. If it were a Squeeze, the orange portion in the graph would be much greater than the aqua part. Demand and volume that wasn’t purchased to close short positions was what drove the price 🚀l.
This is the SEC conclusion on page 26
This is the SEC conclusion on page 26
Read the SEC report. Many of you will dismiss the real numbers as SEC lies and that the Federal government is knowingly publishing false data(which is a HUGE accusation BTW). if that describes you, please don’t comment and I recommend blocking me for both of our sakes. What puzzles me the most about these people is that on one hand they accuse the SEC of being fraudulent yet that’s who they need to enforce the regulations and hood violators accountable.
your welcome for me taking the time to explain what happened. It takes time to do it and I don’t care if you disagree. I don’t gain anything from whether you believe it. The impetus to write it is to help non apes understand the truth because I personally appreciate when someone else does that for me.
Here’s the report from the SEC report. https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf
your welcome for me taking the time to explain what happened. It takes time to do it and I don’t care if you disagree. I don’t gain anything from whether you believe it. The impetus to write it is to help non apes understand the truth because I personally appreciate when someone else does that for me.
Here’s the report from the SEC report. https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
1641Followers
221Following
10KVisitors
Follow
InsiderJesus : 2 things, SEC report was widely Passed around by apes. All you have to do is look.
2nd. Yes we know shorts never covered. That’s the whole point of why we are holding. Shorts never covered.
Mike HuntOP InsiderJesus: So the SEC is publishing false numbers?
I guess whatever is needed to maintain your story is what you believe. My writings were for non apes because you apes are a lost cause. Your entire thesis is predicated upon the federal government published false numbers for 11 months. I don't believe it.
Ps126-5-6 Mike HuntOP: sounds very familiar doesn't it.
InsiderJesus Mike HuntOP: You do understand SI is self reported correct?
Mike HuntOP InsiderJesus: 100% at the risk of SEC enforcement action that rarely happens EXCEPT maybe when the SEC is publishing a report on a specific time period.. You don’t think when they wrote this report that they audited Jan 29 reported numbers?
Mike HuntOP Ps126-5-6: Using a random retail guy to give evidence that hedges haven’t covered is so delusional. But keep believing the make believe in your head that you need to do that your hood continues. 10 years from now there will still be apes waiting.
InsiderJesus Mike HuntOP: They did audit the numbers. they concluded that shorts never covered and the “squeeze” was only due to retail investors. Shorts never covered.
LuvKitty : From Sec report
Mike HuntOP LuvKitty: That was Jan 15 as reported on Jan 28. What was it on Jan 29 as reported on Feb 9th?
Mike HuntOP LuvKitty: And what you point out demonstrates the SEC publishing accurate numbers
View more comments...