Thread by @live2beingu

#AMC #GME remember it is the side of the transaction that occurs first that controls the price. If its a sell then buy then the sale price will control the transaction. If it's the buy side then the buyer controls price. In either case the difference between the bid and ask

prices are so miniscule but the amount of shares being sold and repurchased over and over again are what is making the price drop off.

Additionally, let me recap about short and naked selling and how this all ties into the new rules set in place by the DTCC. If you recall a short sale is a sale of a security that the seller does

not own or that the seller owns but does not deliver. In order to deliver the stock to the buyer, the short seller will borrow the security, typically from themselves or another broker dealer in this case. Naked Short Selling is selling short without borrowing the necessary

securities to make deliver, thus potentially resulting in a "fail to deliver" securities to the buyer. This type of sale occurs when the seller has neither borrowed the shares nor made an affirmative determination that they can be borrowed, which is required by the SEC.

Market Makers are able to skirt this rule because they are granted these exceptions to facilitate their market making activities. Market Makers are who we know to be are the group notoriously known as citadel and friends. They have registered with the SEC to be a market maker

on these two stocks and others. Okay so what? When Market Makers or anyone registered with the stock decide to commit what we say are fake or phantom short sells they can make a crap ton of cash on no investment whatsoever, only on the premise that they supposedly had the shares.

How does that apply to me? The DTCC or NSCC is the keeper of all stocks positions in the U.S. It's role is to provide a centralized clearance and settlement for broker-tobroker stock trades in the United States. This is done through what's called the Continuous Net Settlement

system. This in part guarantees the completion of the transactions by assuming the obligation of the buyers to pay for the shares upon deliver and sellers to deliver the shares. Okay and? Each short position is compared to the member's account to determine if the member has

enough shares to deposit to settle the short position. If they do then it's good, but if they don't then the NSCC has to make choices. 1)It can wait another day to see if the seller will cure the FTD. 2) Determine if the short position is a high priority and attempt to arrange

for shares to be borrowed. 3) Demand a dealer buy-in i.e. forcing the seller broker to buy the shares in the open market and deliver them to the NSCC. 4) Buy the shares itself in the open market 5) last resort demand the seller break the trade and compensate the buyer. Okay so

does this matter? Two reasons as of today the DTCC has updated its rules 1st rule in essence we will not help you and you all that have shorted this stock are on your own and we can force you to anti up any time of the day or night we want. 2nd rule was the recovery and wind down

rule I posted about yesterday. This rule was written for the sole purpose that it knows when this stuff hits the fan that it's members will default. The DTCC is trying to get in front of what they know to happen. As I said earlier the DTCC is the keeper of all stocks.

They must keep a record of who is on the up and up. The DTCC wouldn't change the rules if they knew that the HF and MM were telling the absolute truth about the shares they have. They know that they have oversold the stock and the DTCC is preparing the squeeze. It's just a matter

a matter of time at this point. If you ask me I think we are approaching part three in what the NSCC is going to request the HF to do...Hence the short squeeze. I hope that helps explain some of the madness going on. Oh I almost forgot for those worried about the slow pace of

stock I completely understand it. I'm keeping an eye on it.