Reddit Trolls Wall St. Hedge Funds, Buying Up GameStop Stock

[devil21]

Mr."Gamestop back to 20 fast" (pre 4-1 stock split, current "price" 88 pre split) brought up on criminal and civil charges. Is he a scapegoat or is he a domino? IDK but there's too much tall mud to wade through these days instead of cheering rah-rah to figure out this market dumpster fire. Maybe we will see if the SEC if doing their Jobs or not.

https://www.cnbc.com/2024/07/29/andr...s-angeles.html

The activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney’s Office there said.

Left, 54, is scheduled to appear before Magistrate Judge Rozella Oliver in U.S. District Court in LA at 4:30 p.m. ET, where the Citron Capital hedge fund boss is expected to be released after bail conditions are set by Oliver.

more at link

Will they babble on or will they sign? I don't know. We shall see.

The devil made him do it, yes? https://en.wikipedia.org/wiki/Azazel

[unknown]

[devil21]

I don't get the meme. "Bags" means losses, as in "bagholder". No one pays capital gains on losses. In fact, realized losses are a tax write-off.

Help me out here.
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Looks like someone figured out one of the reasons for the inexplicable spikes on GME, along with the other market $#@!ery reasons. Arcane FINRA rules. Worth looking at.

https://www.reddit.com/r/Superstonk/..._revision_for/


As much as it pains me to write it, I'm slowly starting to agree, to some extent at least, with people who are claiming that RC/GME have been purposely suppressing the big squeeze through corporate actions at exactly the times when the stock would otherwise launch during the big price spikes. Whether it is simply to delay the squeeze to a more opportune/planned time for some reason or bailing out UBS' short bags inherited from Credit Suisse to prevent UBS collapsing everything or that they simply are part of the....*ahem*....club and commoners will be made to stay commoner or something in between, remains to be seen.

Any way, I am still fully holdin' to watch it all play out, since interesting times (fall equinox crash period, Porsche VW squeeze was in early days of 2008 crash) are approaching.

[devil21]

The plot thickens, again.

DOJ investigating bank collusion during Archegos liquidation
https://seekingalpha.com/news/415033...hegos-collapse

The U.S. Department of Justice is beefing up its investigation into banks that collectively lost billions of dollars following the meltdown of Bill Hwang’s Archegos Capital Management in 2021, according to a Tuesday media report.

The news comes just a couple of months after Hwang had been convicted of fraud and market manipulation that led to the hedge fund managing over $36B in assets at its peak. Archegos collapsed when it couldn't repay its lenders. Banks, including Credit Suisse, Nomura (NYSE:NMR), Morgan Stanley (MS) and UBS (NYSE:UBS), suffered more than $10B in losses. Shareholder losses in Archegos' portfolio companies totaled over $100B.

Prosecutors in the Justice Department's criminal antitrust division have revived a stalled probe into how Hwang's lenders unwound over $150B in trades made by his family office, Bloomberg reported, citing people familiar with the matter.

Following Hwang's fraud trial, the San Francisco office of the DOJ has renewed its investigation, concentrating on the urgent meetings banks held in March 2021 (d21: only a month or so after GME event), the people added. At these gatherings, participants discussed strategies for a coordinated sell-off of their client's portfolio to limit their financial exposure.

The DOJ is probing whether there was collusion or a conspiracy to collude to control prices in those discussions, the article said. Credit Suisse, Nomura (NMR) and UBS (UBS) were said to have reached a managed liquidation agreement to offload parts of their Archegos exposure. Other banks like Goldman Sachs (GS), Morgan Stanley (MS) and Deutsche Bank (DB) had explored such a deal, only to decide against it.

IIRC correctly it was Goldman that ran for the exit first, as would be expected from Goldman.


The irony and beauty of Cartman's character is that he spends so much time demonizing Kyle as the Hebrew, yet Cartman's behavior is always a projection of the Hebrew stereotype that he actually is himself. We see this online here on RPF and the net constantly now.

[devil21]

something something.......cellar boxing......Citadel......hedge funds.......something something......sounds familiar

Georgia RICO lawsuit filed against Citadel, Vivek Ramaswamy, Peter Thiel and others over intentionally sabotaging a fintech company to steal its Intellectual Property, presumably with Citadel's help naked shorting the company into bankruptcy:
https://www.morningstar.com/news/pr-...eged-saboteurs

A great easy to follow explanation of hedge fund cellar boxing using illegal naked shorting while colluding with others such as Thiel to steal the target's IP or simply bankrupt the target for the benefit of some other corporation that doesn't want competition or the hedge fund simply holds a large long position in. This is what Reg SHO is for and by checking Reg SHO you can see who the most naked shorted current cellar boxing targets are. They're mostly fintech, biotech and pharma startups, hence why Thiel, Vivek and other Silicon Valley thieves are involved. https://www.nasdaqtrader.com/trader....egSHOThreshold