Seems like all I every do anymore is talk people off the edge...

Ladies and gentlemen... Shorts have run out of ammo. They pushed $PROG down to $2.30, and it bounced again off $2.35.

We now have a Sine wave.

Ya'll panic too much. 😂
Let me continue by saying that $PROG recently got placed on the Threshold Security List, which means that as of 5 days prior, it's FTDs exceeded 0.5% of its outstanding shares.

There are at least 750k shares that have failed to deliver to holders which must eventually cover. NASDAQ Threshold List, courtesy of @WS_Viking
There is obviously some concerns after the stock fell from $3.50 back down to $2.30.

Can I just remind everyone that we are still up 380% since $PROG hit its all time low of $0.60?

That shorts are still underwater by 145% since $1.60?

Hakuna Matata. We're doing fine. Relax.
Lemme just show another image. $PROG came down from SO much higher than you all even realize.

The company has more bullish catalysts than it has ever had in its history, with it's new Precludia test and Humira oral delivery patents.

All this shorting you see? It's psycological
Shorts and HFs want all these call options to expire worthless because they don't want to pay the premium to close them or buy the shares to cover them... so they, along with market makers, are pulling more naked shorts to try to scare you into selling.

Like they always do. 🙄
This company has an incredibly bright future ahead of it. If you own stock, and you learn how to do like Rich Uncle Warren, be patient, hold and you can change your life.

Stop giving back all your money to HFs. The more of you panic the more you're hurting yourselves and others
The panic is a self-fulfilling prophecy. The mob mentality is what HFs prey on. They expect you to panic, which causes others to panic, which causes mass panic.

It's like screaming "Fire" in a movie theater. Nobody can see it, but ppl trample each other to get to the door anyway
Stop stampeding like a bunch of terrified sheep. You're just letting yourselves get picked off by the wolves of wall street.

Obviously, you gotta do what's right for you, but if you're playing with money you can't afford to lose, you shouldn't be playing at all.
None of this is financial advice, but every person who invested thousands into Amazon, Yahoo, Google, etc when they were little nothing internet shops was called an idiot by someone.

Someone always is telling you to sell.

When everyone's drowning, they try to drag someone down
I'm just trying to teach everyone to stand up, and realize that the water is only waist deep...

That's all. I bought the dip. If you have to sell for your own sake, nothing against you, but I'm sorry that you missed out.

But at least there will always be another opportunity. 🍻

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More from @TRUExDEMON

22 Oct
$PROG has officially triggered ALL of my Short Exempt Squeeze Signals.

Utilization is over 95% since 9/22
Short Exempts were 6% of short volume today, 3rd day in a row above 3%
SMA is 5% up for the 10th day in a row
Short Vol 53M today

This will be a long-ish thread. Buckle up Image
The short volume being over 53M today speaks volumes to the effor that was made to control the price today.

It didn't work.

Here's the FINRA Short volume data from today.

Meanwhile, @ORTEX is updating or their brokers are stalling for time while they manage the chaos. ImageImage
$PROG's call chain has been growing at an incredible rate over the past two months, where we began with less than 20k OI on the call side from October to January, all the way to over 100k calls just in November alone.

This image was taken Oct 13, just before Expiration
61.7k ITM Image
Read 15 tweets
20 Oct
I truly wish more folks from the #infosec community took an active interest in our financial markets.

Many of us have been hacktivists, digital protesters, and advocates for change ever since we entered our first BBS board.

This is something we can understand...and change.
For those of you who are interested enough to read past the first tweet, I've been a pentester for going on 7 years, and have been obsessed with #hacking and #infosec ever since I was a teenager.

And I've felt more of a connection to people who think like that than anyone else.
For whatever reason, we seem to gravitate toward the idea of democratizing the internet and are huge advocates for freedom of speech, anti-censorship, and anti-authoritarian.

Somehow I have better relationships with nameless strangers on the internet than my family cuz of this.
Read 14 tweets
20 Oct
I'm briefly revisiting my DD on $PROG from 18 days ago because there was some call outs I made ahead of time that have played out, and will help give newcommers to this stock some much needed confidence and context for why the price is rising so rapidly and why it will continue.
On Oct 1, I called out the options chain in this thread, but since then, there was major action in calls leading up to Oct 15.

Specifically, I said that if the price would stay above $1.50 that $3 would be inavitable.

Clearly we see that happened here.

Image
We can take comfort in the fact that, comparing the options chain from Oct 1 and 13 side by side shows that almost all of those options at $2 and below were held to expiration and expired ITM

The following Monday, $PROG ran to $3 like it was nothing.

ImageImage
Read 23 tweets
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
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
Read 12 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

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