Thread by @TRUExDEMON

$BBIG DD Thread:

The recent sell off (almost entirely barcoding) looks like it was a liquidity hunt from the beginning.

The drop to $1.05 has reclaimed support since yesterday and is beginning to form an inverse head & shoulders, simultaneously breaking out of a falling wedge.

These are just technicals, but the extreme short exempts on $BBIG are in-line with the same behavior that I've observed in dozens of squeezes that were bottoming out within days of squeezing to new heights.

It happened to $BBIG and $SPRT around the same time in Aug & Sept 2021👇

This is what it looks like graphed out on a chart, with short exempts spiking extremely high, also coinciding with a descending wedge that occurred over the same length of time and with similar price-action leading up to the squeeze.

It's uncanny.

In fact, I noticed the same EXACT behavior in the chart action when I replayed the past week of activity in $BBIG and compared it to $BBIG August 15th through the 10th of September.

The price action was almost identical, with inexplicable barcoding and selling off.

What I find *most* convincing of a squeeze is that the sell off is entirely made up of low-volume selling off that is continuous despite a complete lack of lit-exchange volume.

Thanks to some updates to our analytics bot at #HellsTradingFloor, we've been able to identify this.

The big thing to remember is that the $BBIG options chain is MUCH bigger than what brokers are showing now, because they are NOT including the $BBIG1 options which are entitled to receiving a $TYDE dividend.

This is what the call chain OI looked like only ONE WEEK AGO

These options didn't go anywhere. They still exist. But the market maker (Susquehanna) is trying to shake out retail's convictions in order to force everyone to sell their calls and give up their $BBIG / $TYDE for pennies on the dollar.

This is the time to push, if anything.

I know that the chart looks absurdly bearish, and everyone is afraid it's going to drop further.
I know that everyone is afraid.
That's because MMs are very good at invoking fear.
It's how they make their money.
By stealing from you with fear.

Now is the time to be greedy.

Fuck Susquehanna. They're nothing more than gambling degenerates with more money than brains...

Enough money to make sure the game is fixed in their favor. Expect them to drop it to $1.00.

I'll be waiting with my money to load the bags.