Anyone claiming the "market is rigged" or blames "naked shorts," "synthetics" or "counterfeit shares" genuinely has no clue what they're talking about.
At no time in history has the stock market ever been freer and fairer to retail investors.
1/13
Thanks to competition & PFOF, virtually all online brokerages have done away with commission fees (sans options contracts) and minimum deposit requirements. Anyone has the opportunity to put any amount of money to work on Wall Street.
2/13
"But PFOF is hurting retail"
No it's not. Instead of giving up $10-$20 on a round-trip trade, you're potentially losing fractions of a cent. You don't have to be a math genius to realize saving $10 or $20 is greater than a fraction of a penny.
3/13
Decades ago, fractional-share purchases weren't a thing. If you wanted to buy a share of a stock trading at $1,000, you needed to save a lot. Now you can buy fractions of shares with select brokerages at minimal/no cost.
4/13
30 years ago you received one annual report packet from the company's you invested in. Today, you can access 10Qs, 8-Ks, 10-Ks, management commentary, fundamental metrics/ratios, all SEC filings, and so on, at the click of a button.
5/13
To add, you also have instant access to the financial regulations and framework that govern online brokers, market makers, & any entity involved the securities business. There's no excuse to make asinine claims about market structure when it's free & publicly available.
6/13
The market isn't "rigged" or "controlled" by short-sellers. In fact, short interest remains historically low as the factual data shows.
7/13
A fantasy "rigged market" & nonexistent "naked shorts" didn't cause $AMC/ $APE to lose money for 14 consecutive Qs. It didn't cause box office gross to fall by 28% & 43% to 2019 & 2018. It didn't cause AMC to take on a mountain of debt pre-COVID that it now can't repay.
8/13
A fantasy "rigged market" & nonexistent "naked shorts" didn't cause $BBBY to lose $1.116B over the past 9 months. It didn't force management to waste $12B+ on share buybacks. It didn't cause the company to default on bonds or become structurally insolvent.
9/13
A fantasy "rigged market" & nonexistent "naked shorts" didn't cause $MMTLP FOMOers to pile into a security that MMAT loftily valued at $70M (i.e., < $0.50/sh). It didn't force them to hold a security that filings clearly stated would transfer rights on 12/8 & stop trading.
10/13
A fantasy "rigged market" & nonexistent "naked shorts" didn't cause con artist $GNS CEO @rogerhamilton to grossly overpay for multiple acquisitions using his IPO cash raise, or to nearly 3X the company's loss through 9 months of 2022 (while missing issued EBITDA guidance)
11/13
A fantasy "rigged market" & nonexistent "naked shorts" didn't cause the 2-employee, no revenue, shell company $GTII to balloon its outstanding share count, lose $238M since its inception, or receive an ongoing concern warning from its auditors.
12/13
Anyone making the childish excuse of a "rigged market" or blaming "naked shorts" clearly:
- Doesn't understand market structure
- Hasn't done the real homework on the company's they own
- Is incapable of taking responsibility for their own actions. #FactsMatter
13/13
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.@Kb244life1 wants attention, so let's give him some
He thinks $GTII is going to explode because of "naked shorts" and a "squeeze." This'll be the easiest debunk of the year (just 3 tweets)
Side note, @Keubiko, this should be the next group of mouth-breathers you "educate."
1/4
You can't have a naked short without an FTD, and there has never been a meaningful amount of FTDs for a stock averaging 1.48M shares traded per day $GTII 2/4
There's been one 15-day period in the last 11 months where short interest hit (wait for it)..1%. It's been less than 0.5% of the 200M share float every other time. All shorts can cover in a few hours
How clueless are you to think a stock w/ 0.4% SI is going to squeeze. $GTII 3/4
Folks, this what a classic clueless investor looks like. Blames Wall St for nonexistent “manipulation” because they didn’t do their homework. $BBBY 1/n
I hardly know where to begin because every last thing he says is clown-level “analysis”
Annual “revenue” is meaningless whether its $5 or $5 billion if the company is losing money, burning cash, and structurally insolvent. Learn how to read a 10Q $BBBY
2/n
“The company is in turnaround mode.” - 🤡
There isn’t a single BBBY figure that’s in “turnaround mode.” Losses up, revs down, gross profit down, & shareholder equity wider negative.
The consumer spoke long ago that BBBY isn’t special or worth shopping at. 10Qs show it 3/n
Day 3 of calling out FinTwit Fraud Jim Savoldi @BAMinvestor to defend his take that $AMC won't go Ch. 11.
I'll even lay out my case so that a child (or someone like Jim who knows nothing about analysis) can understand why he's wrong.
1/n
Let's start with the basics... $AMC is operating in a declining industry. Domestic box office gross is down 31.6%-38.3% from pre-pandemic levels... 2/n
Domestic box office ticket sales are also in a 20-year secular decline. They're not even close to pre-pandemic levels. 3/n the-numbers.com/market/