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    1. Eric Balchunas‏ @EricBalchunas Jan 31

      Eric Balchunas Retweeted Nate Geraci

      Back of envelope that mans Citadel made like $100m from people trading one stock $GME for one week. Not bad.https://twitter.com/NateGeraci/status/1355894429090013186 …

      Eric Balchunas added,

      Nate Geraci @NateGeraci
      29% of GameStop trading volume Monday through Thursday was handled by Citadel. “This is the market that Ken Griffin and Citadel Securities have been waiting for.” @WSJ https://www.wsj.com/articles/gamestop-frenzy-puts-spotlight-on-trading-giant-citadel-securities-11612089000 … pic.twitter.com/xroygMtrIM
      Show this thread
      28 replies 126 retweets 429 likes
      Show this thread
    2. Eric Balchunas‏ @EricBalchunas Jan 31

      = why you can't beat the casino from INSIDE the casino. If the goal is to get back at Wall Street the only winning move is to not play. Buy a cheap index fund and never trade it. Not as fun or satisfying as squeeze attempts, but it's effective and you build ur wealth to boot.

      13 replies 24 retweets 184 likes
      Show this thread
    3. Eric Balchunas‏ @EricBalchunas Jan 31

      All told market makers made about $500m-ish in trading costs on WSB-targeted names (which all have wide spreads = payday) in ONE WEEK. If this continues, mkt makers will make add'l $25b this year (that's 2x the revenue generated by the entire $10T sitting in passive fds)

      12 replies 21 retweets 115 likes
      Show this thread
    4. Pigeaverse‏ @Pigeonomics Jan 31
      Replying to @EricBalchunas

      @HideNotSlide $VIRT

      1 reply 0 retweets 3 likes
    5. Hide Not Slide‏ @HideNotSlide Jan 31
      Replying to @Pigeonomics @EricBalchunas

      And in the US, there's really only one public company to get direct exposure to this. imo Virtu still has room to run. It's hard to calc exactly what they made this week but earnings on Feb 11 will reveal all...

      2 replies 1 retweet 4 likes
    6. Eric Balchunas‏ @EricBalchunas Jan 31
      Replying to @HideNotSlide

      Yeah $VIRT is ranked as top broker in the stock. So we looked and they typically $300m a quarter. So if they are anywhere near say a 1/3 of the WSB activity that's making in a week what they normally make in a month.

      3 replies 0 retweets 3 likes
      Hide Not Slide‏ @HideNotSlide Jan 31
      Replying to @EricBalchunas

      Thanks - and Q1 isn't even half-way over... my guess is until regulations change or stimulus ends we get more $GME moments if on a smaller scale

      7:42 AM - 31 Jan 2021
      • 2 Likes
      • Matthew Smith Zaphod
      1 reply 0 retweets 2 likes
        1. Pigeaverse‏ @Pigeonomics Jan 31
          Replying to @HideNotSlide @EricBalchunas

          I see it this way: $GME may (and likely will) die down, but the global WSB tribe is a) not going anywhere and b) now managing accounts 10x the size as their original capital. These coordinated squeezes will prob persist & MM’s will develop new algos around them

          0 replies 0 retweets 1 like
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