I know tons of people will and have already said this was the wrong way to do this, but there really wasn't a "right" way to do it, because screenshots of my questions surrounding the proxy were taken without context and shared without my permission. 1/12
Someone took the decision out of my hands because they chose to start taking screenshots of what I thought was a candid, private discussion about the stock, and my attempts to do more DD that I was planning to share with everyone on social media.

2/12
I hasdn't even spent 15 seconds doing my DD before someone took what I said and started sharing it out of context with my name attached to a speculative statement about what I thought the proxy meant, and it started spreading around instantly.

And I had to make a choice

3/12
I have lost my freedom to have a private conversation to discuss a stock without someone stealing and warping my words to drive a narrative that counters my entire thesis on a stock.

Not only did they break a cardinal rule, but they took my last illusion of privacy away

4/12
I was being margin called because EVERYTHING in the stock market took a fucking nose-dive yesterday if you hadn't noticed. I lost 30% of my portfolio.

I was going to lose positions no matter what I did, half of my $BBIG position was in deep OTM calls that were down 60%

5/12
Regardless of what was happening, my calls were going to bleed to death, and I accepted that, but then someone took my personal thoughts and used them to get ahead of what they assume they thought was going to be a good trade.

And that pisses me off.

6/12
I do not expect everyone to understand, but unlike the Fed and and their crooked leadership, there was an ACTUAL ethical dillema here, where I had to decide whether to let the actual reasons for my exit (margin call) be known, or to let this asshole warp my words

7/12
In the end, I took some harsh losses, and had to make a choice. But it was compounded 1000x by someone betraying my confidence by publishing a private conversation just to add insult to injury.

The best choice I could make, in my opinion, was to let everyone know before... 8/12
... the rest of social media let wild speculation decide my own opinion against my will.

This iss a no-win situation. I'm sorry I had to make such a public exit, but ethically speaking, I had no choice because being silent and lying about my situation would have been worse. 9/12
Am I bearish on $BBIG for the long term? Fuck no. I thought it was a great stock. But it was either $BBIG or give up another stock that I love more ♥🎥

So instead, I'm walking away from social media entirely because I can't trust people to keep my chats private.

10/12
If you have a problem with my exit, I'm sorry, but that's just too damn bad.

I would have rather stayed in too. This feels like the worst defeat I've ever had, and that's saying something, since I gained and lost nearly $250,000 in a single trade...

11/12
I might have diamond hands, but I also have responsibilities.

If you don't understand that, then I wish you luck in life, because you're in for some harsh lessons ahead of you.

Good luck to everyone in $BBIG. I'll miss the memes and the dad-jokes.

Pour one out for me. 12/12

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More from @TRUExDEMON

23 Sep
I'm breaking my silence to share a revelation.

I believe I may have figured out what the market makers are doing with the deep ITM calls.

They're buying and exercising them instantly when delta is close to 1.00.

The premium and purchase of the shares, at those levels.
Market makers are guaranteeing acquisition of shares in order to sell them into the market and dump on the price, but by exercising options, they do not cause ANY change in the price because it is an executed contract.

Meaning... the purchase doesn't go through the exchange...
This is the same situation with ISDA contracts. They're privately exchanged between two parties that agree to shake hands on providing shares through selling of call options to be exercised almost precisely at-cost.

The short entity can then acquire these shares without buying
Read 15 tweets
21 Sep
Hello everyone,

I'm afraid I'm here to disclose to everyone that I'm exiting my $BBIG position. I have done some analysis on the proxy, which I was not able to confirm, but has nevertheless convinced me that, at least in the short term, it's too risky for me to continue.
I recently received a series of margin calls which have forced me to decide which stocks I was going to stay in and which ones I was going to have to walk away from, and $BBIG is one of the ones I had to cut loose.
The reason I cut $BBIG loose is because of personal financial reasons in order to protect myself and my own family's stability, which is something I've always advocated for everyone to do.

But now this has become a problem because too many people give my opinion too much weight.
Read 12 tweets
10 Sep
@earvinburnin Sorry that I don't have better screenshots from that time. Back when I was talking about SPRT, I pointed out its call options chain had, combined from $0.50 to $12 strike for 9/17 expiration, a grand total of 200k calls ITM. Back then, this was more than the entire float.
@earvinburnin This doesn't mean that $BBIG can't squeeze, but it does mean that $SPRT's squeeze was tremendously rare. I've never seen a company's entire float ITM in calls before.

Right now $BBIG has 20% of its float ITM right now with another 20% above $12.
@earvinburnin But there is something you should know. More calls were bought in a single week when $SPRT was trading at $12 than in the past 3 months.

Over 100k of those calls were bought only days before it squeezed.

The same thing can happen here if Market Makers are dumb enough twice.
Read 4 tweets
10 Sep
By popular request, here is my research on $ATER short squeeze play per my usual thesis.

Here's the short version... by the numbers, shorts are just now starting to realize... they fucked up.
Ortex data shows shorts got in around Aug 1st @ $9.15 or less (at best)

FTD spikes since then have been consistently happening every T+6 days (sign that market makers are involved)

Institutions piling in.
SI: 68% of FF
19% of FF is ITM in calls
Looks good!
The one piece missing is the short exempts. Short Exempt volume is hovering around 1.5% of short volume, but it's going to likely start showing up soon, if market makers have FTDs outstanding.

Doesn't mean it won't squeeze without the short-exempts going nuts, but I'd like more.
Read 4 tweets
9 Sep
I wanted to give an update on my opinion of $SPRT because I'm getting asked quite a bit.

NFA...

I am still bullish on $SPRT, but at the moment, it's in a consolidation period. The SI of FF is over 86%, and the average short got in around ~$7.15.

They are at a 224% loss.
The problem we currently have is that market makers hedged and either delivered or bought-to-close their ITM options on the chain during the run up when everyone sold their ITM options. The 9/17 call chain only has about 6K calls ITM right now, so not much gamma anymore.
10/15 looks more interesting with 36,232 calls expiring ITM above $23. That's still 18% of the float.

Between the 86% SI and 20% of the float ITM between now and 10/15, $SPRT is still in a supply crisis, and I believe failures to deliver will be astronomical in the coming weeks.
Read 11 tweets
5 Sep
Long DD Thread...

The threshold securities list has proven to become a very lucrative method of picking short squeeze candidates. Combining my short exempt theory with threshold stocks has yielded three picks which show immense squeeze potential due to the FTDs against them.
For those who don't know...
Threshold securities are stocks with more that 0.5% of its outstanding shares in Failures-to-deliver (FTDs)

FTDs are a symptom of naked shorting, as well as institutions who fail to deliver in-the-money call options or lent shares that were recalled
Short exempts are a special tool of market makers (MMs) to take a short while a stock is on Short-sale restriction (SSR) or to short without locating a share to borrow.

These exemptions are intended for MMs to survive periods of massive volatility and frenzy buying.
Read 22 tweets

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