Stock market on fire

[bolus]

Possible big week next week. may be big, may be nothing.

Gamestop has authorized a share dividend. Final day to have settled shares is Monday and the dividend is Thursday.

Now the theory is, the ~250% short interest that was present before December of 2021 was not closed. That means there might still be more shares circulating than are supposed to exist. Lots of potential counterfeit naked shares. The math straight up says they did not buy back all those shares, the SEC even released a report that says they did not buy back all those shares. During the last year and a half the hedge funds have been using criminal techniques to hide these like swaps (this is how Archegos died)

So GameStop is not doing a stock split, but a stock dividend next week. For every share held in a broker, the broker has to go out and find 3 more shares to give to shareholder.

Lets say a company has 100 shares on the market, the evil hedge funds sell 200 naked short shares (counterfeits) and now there are 300 shares circulating. The dividend happens and Gamestop gives 300 more shares to distribute to the owners of those 100 real shares, but there are 300 share holders and the brokers have to find 900 shares to hold up their promise. Well, there are only 300 extra (400 total real shares) so where are they going to find those 600 other shares?

Are they going to start buying real ones up at crazy prices trying to not be the last holding the bag or are they going to dig their little crime hole deeper with 600 more counterfeit shares?

meanwhile the chairman of Gamestop is tweeting this:



The game is afoot.

 

[CountryGent]

From Bloomberg: Wall Street Set for New ETF Gold Rush as Single-Stock Era Begins

 

[CountryGent]

From Business Insider: The stock market is poised for a summer relief rally driven by lower oil prices, no economic recession, and a rollover in inflation, Stifel says

 

[bolus]

From Bloomberg: Wall Street Set for New ETF Gold Rush as Single-Stock Era Begins

" Commissioner Caroline Crenshaw called for the agency to adopt new rules that would address potential risks."

what? She is the one who blocked the audit trail for 2 years and has done everything to prevent any transparency. Plus they are the ones who approved the single stock ETF's. What a bunch of lying crooks.

I wonder how companies feel that people can now do triple levered shorts against them? Remember when XRT was 1300% short? What other industry lets you sell 1300% of the product in existence and then never have to deliver the product?

 

[bkroger86]

Is the recession over before it started? SPX almost back to 4000.

 

[USMC1911]

Is the recession over before it started? SPX almost back to 4000.

Not sure I would call only down 20% over the high over but to each their own.

 

[ma96782]

Meanwhile in China.

So.......anyone expecting a "dumping of steel"? Or maybe....Brandon will help?

Aloha, Mark

PS....don't get me wrong. This Friday (7-29-2022) was a good day for me. It was the second Friday in a row where the market has gone up. Yes, crossed my fingers that it continues.

 

[Heyjoe]

Not sure I would call only down 20% over the high over but to each their own.

I'm just guessing here but I think that 86 refers to year of birth. The under 40 crowd has never experienced inflation or it's secondary and tertiary effects.

 

[The Heretic]

PS....don't get me wrong. This Friday (7-29-2022) was a good day for me. It was the second Friday in a row where the market has gone up. Yes, crossed my fingers that it continues.

Been crossing my fingers that the market hit bottom 2 weeks ago and that it is in a recovery since then that will continue.

 

[bkroger86]

Not sure I would call only down 20% over the high over but to each their own.

That's a <1yr micro view of the markets. Unless you just started investing 8 months ago, you're still up big time.

 

[USMC1911]

That's a <1yr micro view of the markets. Unless you just started investing 8 months ago, you're still up big time.

Still doesn't change the fact were in a recession.

 

[The Heretic]

Still doesn't change the fact were in a recession.

Market != economy != market

 

[The Heretic]

Rally Runs Past Big News; 3 Giants Flash Buy Signals

The major indexes had big gains in a critical week. China EV sales are on tap.

www.investors.com

 

[CountryGent]

Dow Jones Futures Fall: Stock Market Rally Bets On Just-Right Outlook; Apple, Exxon Flash Buy Signals

 

[bolus]

Possible big week next week. may be big, may be nothing.

Gamestop has authorized a share dividend. Final day to have settled shares is Monday and the dividend is Thursday.

The game is afoot.

So the gamestop split-dividend occurred and nothing happened. Well nothing at first. Nothing seemed to happen. hmmm, did they choose crime?

The normal process is immediately after the market closed, the transfer agent for Gamestop (computershare) would then distribute 3 shares for every share while spiting the price. This was confirmed with computershare.

"GameStop effected a 4 for 1 'stock split' through a 3 for 1 stock dividend, whereby on July 21, 2022 three additional shares were issued for every share held at record date, giving each shareholder a balance of four times the number of shares. Trading in the 'split' shares started on July 22. Computershare issued direct registration holding statements showing the 3 for 1 stock dividend distribution, giving the holder a balance of four times the number of pre-'split' shares to reflect this. "

But what we saw was a whole bunch of european brokers added shares to their customer's accounts. This was hours before computershare started distributing shares to even their own customers. They were treating it like a regular split. Then come last friday poop hit the fan in Germany. Broker after broker after broker just up and removed those x3 the shares from everyone's accounts by the order of some giant bank over there.

Brokers here in the US, like fidelity, all say they were told to handle it as a split, not a dividend.

Then some guy managed to get the actual order from the DTCC that was sent to a European broker. They were TOLD to handle it as a split.

So the DTCC, who you should know buy know is the center of every market everywhere, told the brokers to do a split because they know darn well that there are not enough shares to handle a dividend for all the synthetic shares out there. They received shares from computershare, and then DID NOT DISTRIBUTE THEM. They kept those shares and told all the brokers all over the world to just split existing shares.

So now we are into international stock fraud by the organization that runs the entire US market.

Things are getting spicy.

Extra spicey extra:

DId Everyone see AMTD ($HKD) go up from $8 to $2000 in one day on no news? 50 person chinese firm with no products now one of the worlds top 15 most valuable companies in the world? The CEO? just a guy we caught a year ago with 1.1 million puts on gamestop in a Brazillian firm that has ties to Citadel.

 

[bolus]

Anyone else see that rug pull coming from miles away with AMTD?




Today there are reports from severeal european countries, China, Canada and now Korea about the messed up Gamestop split-dividend. While everyone pays attention to the Hag Beast visiting Taiwan, multiple countries are receiving complaints about this DTCC mess up. Starting to get really really difficult to hide the crime.

 

[bolus]

Gamestop saga continues. Gamestop released a press release saying "we distrubted all those shares to the DTCC, we have no idea why you didnt get them"

https://news.gamestop.com/stock-split/?n

Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants.

So I wonder. do all the other nations screwed over by this fraud join in on the crime or do they fight back and ask where the shares are? This is better than any TV show. Can wait for next week's episode.

 

[Provincial]

I wonder when the announcement will come that Gamestop has agreed to drop all charges of stock fraud in exchange for an "undisclosed settlement" that includes and agreement not to disclose any details of the settlement. This will be coupled with a huge dividend distributed to only the legitimate owners of Gamestop stock, and huge bonuses for the management.

When that happens, I will say, "Well Played!"

I believe that this is the only way to keep the scandal from breaking, and Gamestop management planned this out perfectly. Unfortunately, it will not stop the widespread stock fraud that has become institutionalized.

 

[ma96782]

Aloha, Mark

 

[bolus]

I wonder when the announcement will come that Gamestop has agreed to drop all charges of stock fraud in exchange for an "undisclosed settlement" that includes and agreement not to disclose any details of the settlement. This will be coupled with a huge dividend distributed to only the legitimate owners of Gamestop stock, and huge bonuses for the management.

When that happens, I will say, "Well Played!"

I believe that this is the only way to keep the scandal from breaking, and Gamestop management planned this out perfectly. Unfortunately, it will not stop the widespread stock fraud that has become institutionalized.

Not sure. They did poach hundreds of high level execs from other industries and mostly promised them stock instead of salary. The hiring pitch they got must have been amazing. Who leaves Apple, amazon, to join Gamestop just for stock? Look at this list of execs they have hired. 430 of them. Their entire executive team becomes billionaires if the stock goes off. The chairman does not take any salary and only has the stock he bought with his own money. Hard to believe he is in it just to get more.

I don't think the stock holders will settle for that either. With all the death threats, lies, media manipulation that has been uncovered (like when MarketWatch accidentally published a price change 30 minutes before it happened, not one but twice). People are really out for blood now. These stockholders have now directly registered their shares in their name at over 50% of the float.

One of them had a "talking to" by the FBI for recording workers at Citadel doing lines of coke with his drone. People in Luxemburg went to investigate one of Citadel's shell companies that turned out to just be one guy in an apartment. People in Finland went to the airport near the Russian border to take pictures of the planes that Ken Griffin (Citadel CEO) and the director of the Fed met at before the Russian invasion of Ukraine.

One of the brokers in Europe has one country (cant remember which) that owns 3% of the float. 9 million shares just in one small country, There are people all over the world. A guy just posted his registered shares in Nepal.

This is now international. not only does the US need to sweep this under the rug here, but there are people all over the world that now own shares. How are they going to pay off everyone? How does the US keep its status as the global leader? How does the dollar now crash in value admitting to that much fraud?

Many people have no plans to sell and just adopt the billionaire games to avoid taxes. You borrow against your shares and then you dont have to pay income tax or capital gain tax. How is the US going to force people to sell?

There is a chance, just a chance, that there is no way out of it. We prep for Earthquakes, hurricanes, civil unrest. This is no different, just might be on a global scale.