Hell's Trading Floor will be collaborating on a new project to tabulate and record ALL retail shareholders' stock holdings on a voluntary disclosure basis in order to prove to the regulators that #WeOwntheFloat
Expect further details from us once we have made some progress on the project.
Rest assured that our code and our process will be completely transparent to the public, as will the sanitized and anonymized data once it is collected.
I don't normally mix #InfoSec with #stocks, but to all my friends in the industry, we could use some help with pentesting & validating our code once it gets to that point.
This project needs to be kept secure. The entire banking and stock exchange industry will be against it.
Our goal is to prove to regulators that retail participants in the stock market have greater than 100% ownership in companies, which is only possible in an environment where stock brokers and banks are counterfeiting shares of stock.
We know it happens but is rarely punished.
We have been fighting for market fairness and transparency for over a year, and we've mostly been ignored, belittled, or attacked by both the bad actors and the regulators who are supposed to be protecting us.
The @SECGov and @FINRA have no interest in enforcing fair markets.
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.
The bad news is that the bid and ask on $BBIG's "adjusted options" is non-existent, indicating that pricing is being dictated by the market makers because retail participants are either unaware or unable to trade these options due to broker restrictions.
As it currently stands, my $BBIG calls (now BBIG1) are only offering $0.06 per share, where their counterparts had been trading as much as $0.12 higher.
The market maker (Susquehanna) is dictating the price on these contracts, and they have effectively hidden the Open Interest.
So I'm reviewing $XELA and I have seen that the company is rather beat-down lately, being one of the few Fintech sector growth stocks that has been consistently putting out good news, announcing profitable customer contracts, yet continuously selling off...
DD Thread to follow:
What I find so curious is that $XELA has had a run of good luck in terms of its financial debt restructuring, adding up to a $6M yearly savings on interest, plus multiple new contracts with international and domestic clients adding over $180M to their revenue in just 3 months.
$XELA even announced a massive share buyback for $100M at $1.25 per share in mid-April (extremely generous, given the market price of $0.42 that day
But the stock barely moved?
This is why. 3/8 - 3/15, an average of 15% of the stock traded that week was SHORT EXEMPT.
So... I know I've been *really* quiet about $BIOR, but quiet doesn't mean silent. I've been watching the data on it over the last several months while pressure built up from the shorts.
But now is the right time to strike, so here's the DD for everyone to review. As always, NFA.
First off, let's review the Ortex Data. Utilization has been maxed out at 100% since the gap-down rug pull in March, and yet shorts and loaned shares have increased since then.
Only recently, shorts have begun unrolling their positions, and I suspect a few reasons why.
At a time back when $BIOR was $PROG, its entire float had been shorted by over 80% as short exempts were abused by market makers to cover the demand from retail upon the good news of PROG's new patent grants for their DDS and OBDS drug delivery systems.
If this is unclear, there are more than $200 TN in unsecured OTC derivatives held by the largest 25 banks. 90% of this risk is held by the top 6 banks...at a time when bank revenue has posted its first material total losses since this bull market began.
The banks have few assets
Out of the $200Tn in derivatives, the banks hold less than $20Tn in assets acting as collateral.
That's a 10:1 ratio of unsecured debt if those derivatives are downgraded, lose value, or go into default.
I want to take a moment to show everybody just how fucking serious this market crash is about to be.
$MBB is the Vanguard managed ETF for Mortgage Backed Securities (MBS) and is a barometer for the value of MBS across the entire US market.
Further dd in thread...
This chart demonstrates $MBB versus the $SPX market index.
What you probably *don't* know is that government-originated or "Agency" MBS accounts for $7.7 Trillion in American consumer debt. This is a whopping 25% of our national debt.
And the Fed is about to dump it on us.
The following is a chart of the FED's total assets in MBS:
They hold 45% of all Agency MBS in circulation, or 11.4% of US National Debt.
Why does this matter?
Because we live in a "credit" economy, or more accurately, our economy is propped up by our debt and its collateral