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I'm a cat. Spiritual lost sibling of @CitadelAir
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Dec 10, 2021 10 tweets 2 min read
(Part 1)

I have never seen such division into a stock.

People literally crying in space calls, throwing out tantrums, and resorting to ad hominem because they can't stand the difference of opinions - caring more they are in the right than being proved potentially wrong. (Part 2)

The stock market doesn't give two cents about personal circumstances or feelings. There isn't a place to be emotional in this world - it's either dealing with greed or fear. Multi-billion firms capitalize on that divisiveness to pick investors' bones clean.
Nov 30, 2021 16 tweets 3 min read
(Part 1) In recent weeks, I've noticed a lot of conundrum about what the community should do on meme stocks. It boils down to a severe lack of knowledge how market structure works. (Part 2) When we're referring to level 2, we're referring to the public list of all pending orders on the exchange (NASDAQ, NYSE). Level 1 information just shows you the best bid / ask according to the NBBO including the last price traded.

This is on the LIT market.
Nov 30, 2021 5 tweets 2 min read
I assembled all my links into one domain:

wlo.link/@cringlekitten

You can now have access to Cringle Academy for free. A community of traders based on self-learning stocks, derivatives, crypto, NFTs, and monetary policies. Also, If you are interested looking out for equity option contracts with unusual activity, use my referral link for a 5% off your subscription on @unusual_whales.
Sep 5, 2021 22 tweets 3 min read
(Part 1)

AMC - Brazilian Depository Receipts

The BDRs have a certificate system called Paridade which is designed to denominate them into splits of shares based on the share price of an underlying security. (Part 2)

Consider them like derivatives traded in the OTC or packaged ETFs tracking the performance of a foreign stock that is normally inaccessible.

As an example, AMC has a split of 6 BDR certificates for one single share.
Aug 30, 2021 5 tweets 1 min read
(Part 1)

In any chance Congress debates endlessly about the debt ceiling with no settlement in sight while the economy's taking a beating... (Watch the September puts)

...Biden may have to reach for a deal with the Republicans. (Part 2)

Guess what the Republicans have been criticizing?

Increased capital gain taxes.

Biden may among his list of options to settle with a cancelation of increased capital gain taxes (for > $1M revenue) & taking a hit on credit rating in exchange for increased debt ceiling.
Aug 30, 2021 16 tweets 3 min read
(Part 1)

As of August 26th, $239B was left on the U.S Treasury with the opening balance of $1.7T this fiscal year.

Link:

fsapps.fiscal.treasury.gov/dts/files/2108… (Part 2)

On a daily median average, the U.S Treasury is spending roughly $23B/day - which gives us until September 9th to September 17th (if they cut more spending) for the nation defaulting on its debt for the first time in history.
Aug 26, 2021 6 tweets 2 min read
(Part 1)

I validate u/Criand, @ThatGuyAstro and @BossBlunts1 due diligence.

They are parts of a bigger puzzle.

There is a financial paradigm taking place which the institutional side has vastly underestimated the power of retail investors. (Part 2)

The movements of the underlying shorted securities are indeed cyclical and move on a quarterly basis which settlements are forced by investment banks with short sellers covering some of their debt obligations (the foundation of shorting layers with ETRS).
Aug 16, 2021 5 tweets 1 min read
(Part 1) SR-NSCC-2021-005

Providing some clarity

Every NSCC participant must provide a collateral (Minimum Required Fund Deposit) [i.e., margin] which will be increased from $10k to $250k.

Some of the biggest members have dozens of registered accounts with the NSCC. (Part 2) Let's suppose Goldman Sachs would have 30 accounts with the NSCC. They would have to provide $7.5M worth of collateral.

As per Clearing Rule 4 and Procedure XV, that collateral is only dealt with cash.
Jul 26, 2021 9 tweets 2 min read
(Part 1) People are wondering as to why I don't monetize anything.

Simple. I don't want to get into trouble.

I respect "The Financial Advisors Association of Canada Act (S.C. 2003, c. 29)" which is the US equivalent of "Investment Advisers Act of 1940". (Part 2) Quoting: "Investment adviser’’ means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability [...]
Jul 26, 2021 5 tweets 1 min read
(Part 1) With the FUD rising, I just want to point out the rising concern of fake profiles mimicking accounts to mislead people and creating disarray in the community. (Part 2) For my own protection, I will never send you a DM about luring anyone into anything in exchange for monetary compensation or any weird shenanigans - fugazi involved. My knowledge and insights are free and I'm not asking anything in return.

My real tag is @CringleKitten.
Jul 25, 2021 10 tweets 2 min read
(Part 1) I want to address community fatigue. I sympathize with critiques of how there hasn't been any signs of enforcement and what not.

There is a time and place for everything. For those who are patient enough, they will be duly rewarded. (Part 2) If the government and market regulators are still making rules up to this day, it just means that the system is obviously broken and retail investors are the ones pushing for them.
Jul 17, 2021 6 tweets 1 min read
(Part 1) I just find this investigative process initiated by Chad Brewer with Wes Christian to have odd timing.

Wes Christian has been fighting naked short selling for ages. Think about it.

Legal fees are expensive. I think this situation would only profit the retainer. (Part 2) I don't care how noble the intention is.

No one in his right mind would commit to compete against multi-million legal departments. Multinational corporations would bury you in court fees alone.

A 250k GoFundMe fundraiser? It's gonna get wasted within a few months.
Jul 17, 2021 5 tweets 1 min read
(Part 1) Food for thought

My theory is that the MOASS was a build-up due to many cumulative events, many thanks to the carelessness of market makers and short-selling hedge funds. (Part 2) Besides the overleveraged economy, I believe the COVID recession, due to the reaction of governing bodies trying to contain the situation, merely facilitated the shorts.
Jul 13, 2021 5 tweets 1 min read
(Part 1)

Just a wild guess from a corporate standpoint. $AMC

The FTDs from the NYSE Threshold list - lots of possible ways to circumvent that with the classic wash trading and the dumps into Dark Pools to avoid regulating oversight. (Part 2)

One of the ways could be repackaging those FTD's into the $IWM ETF and somehow naked short to suppress buying pressure through the Dark Pools.

Also, they are also legitimately shorting the stock because they require liquidity to move the security like a supply chain.
Jul 10, 2021 21 tweets 4 min read
(Part 1) Quietly observing in the distance - noticing disturbance, division, confusion, and tension in the community.

Allow me giving some insight and an anecdote of who you are really facing on Wall Street. (Part 2) What did I tell you from the beginning?

The closer we are to trigger the MOASS, the FUD will increase dramatically. And the worst ones are between us because people can't handle differences of opinions because data changes every day.
Jul 1, 2021 5 tweets 1 min read
(Part 1) Food for thought

Some companies have been continuously writing options contracts but unsuccessfully delivered shares to their customers as the float is currently being owned by retail investors. (Part 2) This explains the rising amount of FTD's with $AMC being put into threshold securities.

But, wait there's more! Among these companies writing these contracts involve CME Group (Chicago Mercantile Exchange) which is the world's largest financial derivatives exchange.
Jun 29, 2021 4 tweets 1 min read
(Part 1) Class: "Cogwheels of the Economy"

Time: Monday, July 5th - 6pm EST - 3pm PDT - 5pm CDT - 1am UK

Based on practical lessons from Harvard Business School & Stanford University

On discord.gg/cringleacademy for free! (Part 2) We will define the structure of this big productivity-based machine and break it down through simple terms on how it really works.
Jun 28, 2021 4 tweets 1 min read
(Part 1) One of many predatory measures behind algorithmic trading (which makes between 70 to 80% of the U.S stock market) is profiling. (Part 2) This profiling tactic is initiated by the time members have passed the "Terms of Service / Conditions + Privacy Policy" which nobody reads and somewhat makes this [process "legal" because people have given consent to share their data with affiliated partners.
Jun 27, 2021 8 tweets 2 min read
(Part 1) Hello, everyone!

I am glad to announce an initiative: Cringle Academy.

It is a Discord server that offers a free learning system for people wanting to learn theoretical and practical lessons about the financial industry.

discord.gg/cringleacademy Image (Part 2) This academy will empower learners to study at their own pace in and outside of an official education system. We tackle different variants of the investing world which covers the stock market, bonds, derivatives, real estate, insurance, types of trading & beyond!
Jun 25, 2021 7 tweets 2 min read
(Part 1) The Federal Reserve has recently published a document, with statistical results, called: "Dodd-Frank Act Stress Test 2021".

federalreserve.gov/publications/f… (Part 2) "In 2021, the Federal Reserve applied a global market shock to the trading and private equity portfolios of 10 firms with large trading exposures and a largest counterparty default (LCPD) scenario component to 12 firms with substantial trading, [...] operations."
Jun 23, 2021 8 tweets 2 min read
(Part 1) This is the link of the proposed rule SR-NSCC-2021-002. It just shows that this publication of that above is pending until a certain date following a period of solicitation of comments - for this rule to be approved, denied or extended

federalregister.gov/documents/2021… (Part 2) This is the actual link towards the official publication of the approved rule SR-NSCC-2021-002 set for tomorrow (June 24th)

federalregister.gov/public-inspect…