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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. saga‏ @jasagaxbt Oct 18
      Replying to @drewg__

      have it open in new tab not yet read through it to your point, not expecting much new information to be released and not furthermore little to no accountability for institutions involved in the manipulation leave it to the apes and their dd (best so far)

      1 reply 0 retweets 1 like
    2. drew‏ @drewg__ Oct 18
      Replying to @jasagaxbt

      wait sorry, what manipulation?

      1 reply 0 retweets 1 like
    3. saga‏ @jasagaxbt Oct 18
      Replying to @drewg__

      hiding true short interest via deep itm calls, insider communication among chief level officials regarding turning off the buy button... ?

      2 replies 0 retweets 1 like
    4. saga‏ @jasagaxbt Oct 18
      Replying to @jasagaxbt @drewg__

      naked short selling trades routed to dark pools etc.

      1 reply 0 retweets 0 likes
    5. drew‏ @drewg__ Oct 18
      Replying to @jasagaxbt

      the naked short theory is specifically debunked, you should read the reportpic.twitter.com/Om17T0SCLq

      1 reply 0 retweets 3 likes
    6. saga‏ @jasagaxbt Oct 18
      Replying to @drewg__

      would refer to you page 21 "GME short interest (as a percent of float) in January 2021 reached 122.97%"

      1 reply 0 retweets 0 likes
    7. saga‏ @jasagaxbt Oct 18
      Replying to @jasagaxbt @drewg__

      seems interesting in which they 'debunk' naked short selling and then explicitly provide information contradicting it in the same report.

      1 reply 0 retweets 0 likes
    8. drew‏ @drewg__ Oct 18
      Replying to @jasagaxbt

      maybe i'm not following, how does that confirm the theory?

      1 reply 0 retweets 2 likes
    9. saga‏ @jasagaxbt Oct 18
      Replying to @drewg__

      definition of naked short selling per Investopedia is, "Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist." if short interest is reported to be more than the whole float, as is/was the case...

      1 reply 0 retweets 0 likes
    10. saga‏ @jasagaxbt Oct 18
      Replying to @jasagaxbt @drewg__

      then that is exactly the definition of naked short selling. selling shares that don't exist (i.e. the amount percentage wise over the available float, as described in the report.)

      1 reply 0 retweets 0 likes
      drew‏ @drewg__ Oct 18
      Replying to @jasagaxbt

      I would urge you to research rehypothecation, this is the phenomenon which causes short interest to occasionally show >100%. This is a perfectly ordinary thing, read the below for a primer.pic.twitter.com/Za2p5Dr1Jo

      3:19 PM - 18 Oct 2021
      • 5 Likes
      • O'Don Lehman Risk Officer saga
      2 replies 0 retweets 5 likes
        1. saga‏ @jasagaxbt Oct 18
          Replying to @drewg__

          will look into it more, thank you.

          0 replies 0 retweets 2 likes
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        2. Sherstock Holmes‏ @HiiighKevin Oct 18
          Replying to @drewg__ @jasagaxbt

          Sherstock Holmes Retweeted Lucy Komisar

          What is perfectly normal about a stock over 100% short? Care to debunk?https://twitter.com/LucyKomisar/status/1450244491361783809 …

          Sherstock Holmes added,

          Lucy Komisar @LucyKomisar
          Replying to @dlauer
          SEC says same shares lent multiple times. Exactly the problem. If shorter didn’t borrow & buyer lends out entitlement, 2 shares = 1 real, 1 counterfeit. Plus, loan may be a “synthetic” options creation, also fake. And on and on. Look up rehypothecation. (Lehman Bros London 2008)
          2 replies 0 retweets 1 like
        3. drew‏ @drewg__ Oct 18
          Replying to @HiiighKevin @jasagaxbt

          I'm saying the mechanism that makes it possible is normal, there's nothing sinister about rehypothecation per se. It's true that GME was unusually highly shorted, but that had nothing to do with market structure and more to do with the business fundamentals specific to GME

          2 replies 0 retweets 5 likes
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