Sam Thielman Redditors took on hedge funds over GameStop and AMC Theatres stock and won. So what now?

DeceptiCon Maneuvers, Don’t Forget Who Owns The New York Stock Exchange

Posted on January 28, 2021 by Sundance

With the elite financial class being increasingly exposed over the past 72 hours; and with the collusion between Big Tech and Wall Street in the public spotlight; and knowing the elite Washington DC establishment is a part of that entire corrupt system; and with millions of Americans more able to accept the scale of the issues; perhaps this is a moment to remind ourselves how the BIG CLUB works to deceive under false pretense.

Washington DC is part of the corrupt Wall Street, K-Street, Big Bank, and BIG TECH system. Everything within that system is self-serving and done deliberately with the intent to maintain a particular status for the people within it. This is the moment of opportunity to expose just how the DeceptiCons trick us… this is information and dot-connecting that created The Last Refuge. This is the bitter pill that needs to be swallowed.

Everything from within the DC system is designed to lie to you. Accept that and you begin to realize how events are NEVER what they appear on the surface.

The owner of the New York Stock Exchange (NYSE) is Jeffrey Sprecher. Remember the position of Senate Majority Leader Mitch McConnell in regards to Senator Loeffler? Well, Mr. Sprecher is the husband of former Senator Kelly Loeffler.

Kelly Loeffler’s seat was purchased by their elite status and position. Why would a billionaire run for an elected office paying a few hundred thousand?

Majority Leader Mitch McConnell positioned Loeffler with committee assignments based on that status of influence and affluence.

Jeffrey Sprecher and Kelly Loeffler entered politics for their elite interests.

The ruse of the DecptiCons is always that a motive to the benefit of the republic lies behind their candidacy. This is the same ruse that lay behind Mitt Romney, another DeceptiCon. There are no purely altruistic motives behind these politicians, particularly in the Senate.

Their motives are all about status, power and greed. They are not representatives of the people; they are representative of their own elite fellowship and interests, and this crosses both parties. Everything else is chaff and countermeasures to ensure their position.

That is the brutal and uncomfortable reality to accept. The entire system is corrupt.

The swamp is deep and filled with DeceptiCons who will strike at any given moment once they attain a useful position. President Trump went to Georgia to campaign for Senator Kelly Loeffler. Simultaneous to President Trump’s visible support, Loeffler’s husband Jeffrey Sprecher, owner of the New York Stock Exchange (NYSE), announced the NYSE will not blacklist Chinese telecommunications firms outlined in Trump’s executive order.

Background: On November 12, 2020, President Trump signed an executive order prohibiting American companies and individuals from owning shares in any of the 31 Chinese companies previously listed as enabling the People’s Liberation Army, effective Jan 11, 2021. Three telecommunications companies China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd., were targeted.

Literally as President Trump was traveling to Georgia to rally in support of Senator Loeffler, the NYSE –owned by Loeffler’s husband– announced they would not delist the Chinese companies:

CNBC – The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants.
In a late Monday statement, the NYSE said it dropped the plans after “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.”

[…] The exchange had originally planned to drop those listings in order to comply with an executive order that President Donald Trump signed in November. That order sought to bar American companies and individuals from investing in firms that the Trump administration alleged aid the Chinese military.
That ban is set to take effect Monday, a little more than a week before President-elect Joe Biden is set to to be inaugurated. (link)

Via Axios: “NYSE spokesperson Farrell Kramer declined to comment on what had changed in relation to compliance with the executive order. But Kramer referred Axios to a stock exchange statement saying that “in light of further consultation” it no longer intends to move forward with the delisting action.” (link)

Senator Kelly Loeffler and husband Jeffrey Sprecher, owner of NYSE

Kelly Loeffler was appointed by Georgia Governor Kemp because Loeffler is married to Jeffrey Sprecher; a GOPe party insider, mega-donor, and multi-millionaire CEO of the Intercontinental Exchange (ICE).

Jeffrey Sprecher is the founder and CEO of ICE, which now owns the New York Stock Exchange. Kelly Loeffler’s company, the financial platform Bakkt, is a subsidiary of the Intercontinental Exchange.

Corrupt as hell. All of it. Insider party schemes, combined with Deep Swamp politics and personal influence peddling for financial interests. The familiar network of personal financial benefit. In 2012 Mrs Loeffler donated $750,000 to Mitt Romney’s Super PAC.

Political connections is why Kelly Loeffler was selected by Governor Kemp, and that same pay-to-play political network is exactly why Nikki Haley originally endorsed her and campaigned for her in the 2020 election.

I have ZERO doubt Loeffler’s husband will be providing considerable financial payments to Nikki Haley in her run for the presidency. Transparent swamp dealing.

Yes, Jeffrey Sprecher owns the largest stock exchange in the world: the New York Stock Exchange with more than 2,400 listed companies and a market capitalization of about $22.9 trillion….. There are Always Trillions at Stake.

they didn’t win yet, but they should.

“Day traders are bottom feeders.”

I am cheering the redditers on this one. What really irks me is the high speed trading. The trading is such that the speed of light is a factor. They locate servers as close as they can to the exchange to get an advantage. How does the little guy compete with that?

” ... the higher the stock rises above its fundamental value”

Yep; that is one of the major purposes of short-selling. The bigger the (short-term) win for the Redditors who are taking on the shorts, the bigger the (long-term) loss for those among them who try to stick it out.

if we can get in and get out with 10% of a move that is success

They took out new shorts at $300 to profit from the fall.

-PJ

Reddit was operating inside the hedge funds ooda Loop.

He'd get the "shorts were squeezed" part.

-PJ

Yes. Which is why they all were aligned against HCQ and Ivermectin and all for the tens of billions in new research grants and pre-filling of unapproved vaccines. No money to be made on old generic drugs which “anecdotally” show pretty good efficacy as a treatment. Meanwhile we wait for vaccines to be distributed - maybe by the end of the 2021? Vaccines developed and approved in a couple months time, when the FDA process normally takes 10-12 years for a new drug. Vaccines which may only work on the older strains of the virus and not the mutated versions. They are already talking about a 3rd shot targeted to one mutation, which may lead to a 4th shot for the next mutation etc.

But nothing to be suspicious of. They’re from the government and they’re here to help.

Tomorrow fill be the final show, this battle is just starting. watch out below....
~~~~~~~~~~~~~~~~~~~
I was just wondering what you thought might happen tomorrow. I saw some twatter comments that a lot of the short sellers are up against a deadline in that they have to close their positions out by tomorrow. It looks like the price moved sideways for the afternoon which tells me that there are going to be a lot of folks holding on to their shares tomorrow as they watch for the short sellers still needing to cover positions.

Scandal of the day:

Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday.

Her fees came from Citadel too – which has invested billions of dollars in the primary hedge fund now suffering as a result of the GameStop stock surge.

Yellen’s financial disclosures reveal over 60 speeches to financial firms, and items 25, 29, and 49 on the list shows her receiving a sum of $810,000 from Citadel in speaking fees. Image below:

read about Gamma squeeze and infinite squeeze., This is not over yet. After hours trading has pushed Gamestop up 100 dollars,not sure where it will all settle out. I had to buy Gamestop cause im a little player. I have 4 shares. LOL

They aren’t capitalists. They don’t put capital into a company. They manipulate the day’s events and seek to come out ahead before the market closes and the bills come due.

I'm guessing you were short GME?

After the initial offering and any direct offerings from a company, none of the shares purchased on exchanges inject capital into a company. However, with massive shorts against a company's stock, it can make people reluctant to buy the stock, depressing the price of the stock.

Companies with significant shorts against it can make it hard for a company to sell more shares of their company (who wants to underwrite massively shorted stock that is going to further dilute share prices?), and make it difficult for the company to raise capital.

On the other hand, people like WSB and others recognizing a potential short squeeze can breathe new life into a company. Case in point, the increase in share price led to AMC being able to garner a little bit of breathing room and stave off bankruptcy (CEO made the announcement yday).

Day trading isn't easy, or everyone would do it. They put up their own capital to make trades (and are required to maintain minimum $25K account balances or subject to margin call and Finra violations).

How is risking your own capital for the chance to make a profit not capitalism?

Or, are you one of those who think no one should do it because YOU can't do it profitably?

Placemark.

If you don’t mind me asking and answreing in public. How did they steal it?

I know RH allegedly froze GME trading and according to a posted letter told investors they liquidated their GME positions when it bottomed out today without their consent.

My 20 Nokia options had a value of $8000.
They halted the stock.
They “adjusted the option pricing chain”
My option is now valued at $4000
Resume trading on the stock.
Thank you for your cooperation.
end of story.

I wasn’t aware that they did this beyond GME. How can a lil’ guy try to get ahead against banksters who will change the rules or the game in the middle of things?

Bkmk

Post 20 good points