![]() ![]() the companies if they miss, they're still going up, they're most likely continue to go up. they're the ones we really want to think about getting out. those are the companies that have gotten most beaten up, obviously very early in the earnings season. another thing is if they have missed multiple times in the past three quarters and this is like the fourth quarter that they missed, if they're having repetitive history of not being able to operate coming out of the pandemic, it is another reason to say you know, my investment thesis is wrong. Cheers.Stock that hasn't participated in the october rally, that already has been down, earnings season is most likely continue to bring them down. “You might ask how can you pay that, its because you paid nothing for it!”įinally, at 17:05 “these Failure to deliver are contingent liabilities on these brokers books, they do not want these stocks to go up, because if they lose control of that, it can break them, which is why their scared of your group (apes).”Īs a group of individual investors, making your own decision about your investments, just wanted to share this summary of this interview. Sometimes the fee for lending that stock is as high as 50-70%. The stock lending is an enormous money maker. “Long story short, began to see a trend of massive stock lending, how that happens is a hedge fund will call for a locate, a locate means “I want a borrowed share”, a locate will be given to 10 other people on the same day, and there’s only one share (he’s providing an analogy)”. This rule did require close out requirements, “but Wall Street like always found ways to circumvent it.” They, the law firm, went to congress to mandate additional rules, which some were passed but not nearly effective enough, he refers to this as toothless rule congress passed. ![]() “Organized crime is still involved in this at a very high level (supposed)”.”It’s a place to launder money”. Was able to prove that an analytic company wrote misleading information about a stock, ensuring that the short position was rigged. They call this “Report and Distort”, or “Distort and Short”. Won’t comment on whether this is going on with AMC because he’s not investigated it but will attest that this is going on systemically and habitually. When the analysist above, continue to give a company an “F” every time, people begin to short the stock. “To ensure that your short position is rigged you (hedge fund) assimilate false information so that other people pile on” they call that the “pile on effect”. “They involve (pay) analysist that talk smack about the company, they pay analysist.” Provided example about Overstock on a case that they won. “What you see in these cases is an incredible amount of misinformation…The stock that is being sold isn’t real in a large part because they’re electronically selling it because they have nothing”. He’s referencing how social media, specially Reddit is bringing into the public awareness the fraud that’s occurring on Wall Street. This guy, Wes Christian is very thankful that this movement is happening because he’s been fighting this uphill battle for 20 years. “Lets talk about how Reddit, and the subgroups, WSB are changing that landscape…THANK YOU GOD, that’s happening.” ![]() Interview with Wes Christian, a lawyer that has been investigating, litigating Wall Street for decades. ![]()
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