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WallStreetBets reddit (GME GameStop)

  #171 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
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Isn't it the case, that when this does have to happen, that brokerages would suspend BOTH sides of trading though?

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  #172 (permalink)
 futs 
Clearwater FL US
 
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TAJTrades View Post
I am curious about where these people are getting the data for "Most Shorted Stocks"? I have poked around the web a little and have not found any two sites that have the same data.

Does any one know of a reliable source for "Most Shorted Stocks"?

I have heard you won't either.

Etrade has a short interest on float report.


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  #173 (permalink)
 futs 
Clearwater FL US
 
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phantomtrader View Post
I have a question - was this exclusive to RobinHood or did the same happen with other brokerages? If it's exclusive to RobinHood, why was their cash requirement so low as to not cover the trading, regardless how volatile that trading was? I would guess other brokerages were experiencing some "stress" as well.

Was reading this thread by FuturesTrader 71 at Twitter:



This was kind of misleading. Robinhood is self clearing, they halted and limited trading. Tastyworks uses Apex Clearing, Apex halted the trading.

Here is the kicker:

Apex Clearing parent company PEAK6, #Citadel (#Robinhood investor), Interactive Brokers, tastytrade. Apex, RH, Interactive Brokers, tastytrade all halted $GME trading. All have financial investments w/or by Citadel who just invested in Melvin HF getting hosed.

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  #174 (permalink)
 Arch 
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Big Mike View Post
Melvin says they've exited their position.

What do you think retail does next? These guys on wallstreetbets?

Who else is surprised by Melvin's quick defeat?

Current short interest is still above 100% so there are other fish in the pond getting cooked.

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  #175 (permalink)
 
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 cory 
virginia
 
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futs View Post
Here is the kicker:

Apex Clearing parent company PEAK6, #Citadel (#Robinhood investor), Interactive Brokers, tastytrade. Apex, RH, Interactive Brokers, tastytrade all halted $GME trading. All have financial investments w/or by Citadel who just invested in Melvin HF getting hosed.

now, it makes sense

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  #176 (permalink)
 
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 justtrader 
San Francisco, CA
 
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Interesting. Seems like small traders have found a way to beat the big money, as long as they join forces by bunching together. I was totally unaware of reddit driving this. This is the first time I heard about that.

I had a few shares that I purchased about a month ago because I saw the price action "ready" to break up. I never expected such move and I thank these people because I made a few bucks.

TWYS NWYT (Price Advertises Opportunity; Time Regulates it; Volume Measures its Success/Failure ---- Dalton)
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  #177 (permalink)
Sagal
Strasbourg, France
 
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Big Mike View Post
Except aren't most big funds already long Silver?

Mike

I don't pretend I got it right, there are rumors for many years on Silver including some like JPM and other Big Banks are artificially maintaining low prices but at the same time are building up their own stock of Silver at a low price because they know since years what is going to happen....
In Precious Metals big funds are always (rare exceptions) long Silver. However in Precious Metals Commercial category can also refer to some activities of some big bank that are custodian of Gold, Silver etc. So it is always difficult to decipher the COT
In any case as a private trader following and investing/trading Silver since 2016, I can only notice that there is a pressure so that prices do not rise too much...
Concerning your question about the funds. I can only refer you to the COT and this site where I made some donation. Legends are at the bottom. As you can see from the commercials (they can be much more net negative) and the funds can be much more net positive (see their net position at the beginning of this one year graph). So there is room for Silver to go higher. 35 dollars for Silver and 2200 dollars for gold are the expectation of Saxo Bank at the end of this year. In line with similar expectation for others institutions.

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  #178 (permalink)
Sagal
Strasbourg, France
 
Posts: 126 since Mar 2019
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Still on...
https://www.bnnbloomberg.ca/reddit-investors-piling-into-silver-drive-up-prices-a-second-day-1.1556011

Best quotes and that it all the point about squeezing particularly for the one selling call options...they will think twice about that or they will quickly cover their positions by buying long futures which will contribute to increase the price...


Quoting 
Still, “in the very short term, I would think people would be cautious about holding a short in precious metals, irrespective of the fundamental view/what other markets are doing,” said Marcus Garvey, head of metals and bulks commodity strategy at Macquarie Group Ltd.


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  #179 (permalink)
qwachu
Kalisz, Poland
 
Posts: 59 since Apr 2020
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I've found out that even people in Poland have jumped into GameStop trade (it's everywhere in polish investing chat rooms on discord).
Most of them buy the narrative that it's a fight against evil hedge-funds.

I wonder where it's heading...

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  #180 (permalink)
 
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 phantomtrader 
Reno, Nevada
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futs View Post
This was kind of misleading. Robinhood is self clearing, they halted and limited trading. Tastyworks uses Apex Clearing, Apex halted the trading.

Here is the kicker:

Apex Clearing parent company PEAK6, #Citadel (#Robinhood investor), Interactive Brokers, tastytrade. Apex, RH, Interactive Brokers, tastytrade all halted $GME trading. All have financial investments w/or by Citadel who just invested in Melvin HF getting hosed.

Thanks for the reply. Do you think this is an anomaly or is it a "thing" now - a new way of trading. I would imagine it takes a boat load of money to carry off something like this. I presume it's not illegal or heads would be flying by now.

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Last Updated on March 3, 2021


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