Matcha21
2022-01-03

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  • 李育儒
    ·2022-01-04
    Conclusion: I think institution buys are helping the SHF to locate and short, hold the short for up to T+4 (FTD + grace period) before SHF closes by buying from MM naked shorts for up to T+6
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    • 李育儒Replying to李育儒: 
      This resulted in HIGH SI (Both MM and SHF are shorting in high frequency) but LOW net gain of short positons since short buy from another short.


      It is "short ladder" aka wash sale >.<
      2022-01-04
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    • 李育儒: 
      And then SHF repeat again by shorting (MM naked short was returned to institutions, thus SHF borrow again) before MM T+6 is due.


      There will be very few forced close out and thus spike is rare & mild
      2022-01-04
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  • 李育儒
    ·2022-01-04
    4) And the naked short selling is legal per SEC Rule 204 locate exemption for Bona Fide Market Maker. Thus SHFs has transferred their shorts to MM who hold the nake short for up to T+6, 2 days more
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  • 李育儒
    ·2022-01-04
    3) Even if 1B of AMC shares is registered, it does NOT say anything about illegal naked short selling. It just means that institution and non-DRS retail shares are rehypo multiple times
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  • 李育儒
    ·2022-01-04
    2) There is nothing on CS (Both AMC & GME transfer agent) says how many shares can be registered and retail hold direct ownership (same as paper cert).


    So it is possible that 1B AMC share can be DRS
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  • 李育儒
    ·2022-01-04
    There is no "Own the Float" concept maybe except DRS.


    1) We have data abt % institution & insider own, thus implies retail own the remaining float. Real retail number not impt
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  • Skai
    ·2022-01-03
    💪🏼
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