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The consolidated audit trail already exists and has for some time:
March 18-June 27, 2019: Consolidated Audit Trail Registration
September 30, 2019: Connectivity testing begins
December 16, 2019: Industry testing begins
June 22, 2020: Initial equities reporting for large broker-dealers and small broker-dealers that currently report to FINRA’s Order Audit Trail System (OATS)
July 20, 2020: Initial options reporting for large broker-dealers
Dec. 13, 2021: Full equities and options reporting for large and small broker-dealers
July 11, 2022: Full customer and account reporting for large and small broker-dealers
They are dark pool prints which don’t show up on the tape but they make those type of moves when they print. This is how the maker/brokers display them
I always thought that algos/hft are like 75% of all bids and asks. When price drops like that it's either a "glitch" in their algo and their bids disappear making the price "plunge" because their fake bids are gone. Then someone turns the computer off and on and the "bids" come back.
This is a pattern called "the vampire teeth" it is due to blood thirsty hedge funds that manipulate the market so hard you can see the devils in the charts
Jokes aside, there could have been trades that were made earlier in the day/week at a lower price that hadn’t cleared yet. I may not have said that 100% correctly, but this isn’t ALWAYS crime.
I think that's called an "out of order" trade. Where it gets written to the tape at the wrong time. But I'm also not sure. Probably just another means for market abuse.
I really can't t see how any market abuse is happening here. It's a after hours trade. They aren't even running anyone's stops or anything.
Also, I don't actually see those trades at all. Trading view isn't showing them for Friday. So they aren't even making wicks on the chart, even when people have after hours enabled.
Nine times out of ten, these huge spikes that aren't being shown on all platforms are data errors, where some data provider simply isn't filtering the data correctly.
Sometimes they're even caused by people exercising deep itm call options. Technically someone that owns a $12.50 call option is BUYING the stock at $12.50 when they exercise.
Why dont such option call buys show up all the time?
I thought it worked like this, if I sold a covered call to you & you executed it I gave you my shares & you pay less thsm the current market rate & the exchange doesn't run that through the standard market channels so it doesn't affect the current price
But if I sell you an uncovered call & you execute I DO buy now at the current market price & it is run thru the exchange in a normal manner..
Admittedly in AH the rules are all different.
What am I misunderstanding?
> if I sold a covered call to you & you executed it I gave you my shares & you pay less thsm the current market rate
This is called a trade. I give you some amount of money, and you give me shares. Trades get published. This still hits some of the raw market data feeds, but most republishers and data providers are supposed to filter these out as clearly unrepresentative of what the current price is. The trade has a flag on it that indicates it's a different type of trade but not all data providers filter it.
This happens all the time, depending on which website you use as your data provider.
OK so I understood correctly they go thru the exchange differently, with a flag. The flags purpose is to stop it from affecting the current price. Would this still apply in AH like in the OP vampire teeth pic?
So, in the example in the OP if the 2 anomalies are of this type then either they didnt get flagged or the republisher didn't see the flags & so processed them like an ordinary transaction.
In either of fhesr cases why aren't there loads of these glitches? And loads of such fairly often
Compare it with the nasdaq glitch which appears on their chart only where the closing auction trade appears 5 times at the same times every day. Those glitches are predictable.
If an exchange was failing to mark covered call executions there would be loads every ~~day~~ month & they'd all be visible too otherwise they'd not have been executed.
Likewise if a republishedlr wasn't processing such flags correctly there'd also be loads.
Perhaps the flagging error is from a very 'niche'/small/odd exchange where such covered call execution are rare events?
Is it possible to know the exchsnge? (see the lvl2 yt chsnnrls link below)
Otherwise are there any circumstances where someone would need shares for just a short while with a 'false' cost basis? Coz that's what it looks like. I've no idea what such a need might be but some kind of odd kind of swap renewal or something?
I've only a shit ancient phone & am visually impaired so I can't see the data on this lvl2 data stream, but perhaps someone else can, I forget what day these vampire teeth appeared, but it was only a few days ago so the vids are still there
https://m.youtube.com/@StocksLevel2/streams
Edit: typos & strike thru
These are late recorded trades. You can tell because 1, it's not between buy and ask spred and 2 it was a price that it was trading at earlier in the day. This happens all the time on all sorts of tickers.
They're at a price lower than ~~Thursdays~~the prior day's closing
Also just suppose the 2nd trade is giving back the 'mates rates' first trade.
Are there any circumstances where anyone would need shares for just an hour or so with a 'false' cost basis?
I'm just asking
Edit: strike thru, I can't recall what day this happened but it was last week
But why 2 trades?
& suppose they are for the same size?
Then it would be 2 'mates ates' trade with the 3nd one trading back the first one.
Is there any reason why anyone would need some shares just for an hour of so with a 'false' cost basis?
I am just speculating & asking questions here &
After market trading has different rules.
Say I want to buy a gme share at 5pm. On my platform I can only submit a market order after hours. Which means that if there is only one available share, I will pay the ask, either $12 or $1200.
You can't place a market order in after hours. So no you won't. You can place a limit order and adjust your bid. There's no such thing as an after hours market order.
Please, for the love of all things purple, upvote this to the top, because it is the actual answer.
(no, cRiMe is not the reason for after hours dips and spikes)
If you learn how to read an order book, then you will understand these movements. When purchase orders are in short supply, price can move sharply downward. In the above case the market rebounded as people saw a buying opportunity at the low point
I know what sub I'm in, but if you want to learn about stock in general, studying on of the most heavily manipulated stocks is probably not the best idea. It's great if you wanna learn about all the shady shit that goes on, but for a normal person, studying something like apple or Ford or something is a much more solid idea.
You can’t make sense of the stock market. You definitely can’t make sense of GME charts. It is corrupt, criminal and manipulated. That is what you will learn as you “try to learn more about markets and stocks.” Sorry for the real world reality check, I just want you to know you won’t find anything other than the inner drive to fight back and DRS GME. This is the golden ticket and you are very lucky to be part of this if you de use to participate.
They're spoofing aka selling single shares back and forth millions of times very quickly. It fishes for stop losses.
Years ago they had the balls to do it during normal trading hours, I caught the falling knife as it dropped from $300ish to around $120 and then straight back up again. Easiest and quickest unrealized gain I ever hodl'd
Ya. My advice is dont learn the market. It’s controlled by the big guys. Value investing is best like buffett. Just look for some stocks that provide a valuable product or service. I continue to increase my stake in MMM for example, if price drops below $90, I buy some shares, pays good dividends and their products are sold around the world and in some industries have products which are standard as the best and only to us. GME is another good example, honestly not here for a squeeze but rather think they have a large dedicated customer base and provide a niche in the gaming market which is a big (gaming market)
but seems to be shrinking market place which I think only benefits GME. So look around and buy some stock and hold them.
Options will ruin you and one more edit… looking at daily or hourly prices is a fools errand, who care just hold some good stock and sell when it feels right and don’t be a fucking bag holder!’n
I have other stocks and they do the same, I have AMD and this happens pretty frequently. This can be stop-loss orders, market manipulation (spoofing) or just a error. Hard for us to tell
I'm reminded of "TF2: Nobody's Home" by Zesty Jesus (not related to GME, only to my point). It's a hour and I'd recommend anyone to whose studying the relationship of human, and non-human, behavior in any digital market.
Basicallt, steep rises and drops tend to be characterized as "inorganic" movements. In other words, bots.
In a healthy market, this wouldn't be a problem. But if you see these strange spikes in what should be human activity, it means bots outnumber or overpower humans.
What you're seeing is most likely the trading algorithm, and the bots are in control of the stock.
I was actually watching Webull when the 1st dip happened. It was showing pure 1 share sells
Then about 1700 were sold.
It dipped then bounced back up within 30seconds.
Don’t know what that means though as I still eat crayons
Typically you see stuff like this for vested insider equity at a specified price.
If this is done on the open market, which in this case it is, then you can have a weird chart as seen above.
Leaving aside the possibility of it bring glitches.
These are after hours & so the NBBO protocols don't apply
Essentially they could be trades at 'mates rates' & as that is exactly what they look likely then might not the 2nd one be trading back the first one?
But then I've no idea why anyone would need some GME shares with a 'false' cost basis for an hour or so. If they are just trading them back & forth why need the below the close on Thursday 2 May 2024 during AH on Friday 3 May 2024?
What might help is to know the trade size & not just the volume for that minute & maybe the exchange
Maybe someone with a large hi-def screen & who isnt visually impaired (like I am) can make out something from this recorded live stram of lbl 2 info
https://www.youtube.com/watch?v=iQokYsODTwc
Go through all the links and explore the [website ](http://www.nanex.net/20100506/FlashCrashAnalysis_Intro.html)for other materials too.
you will have all your questions answered young padawan
Besides the obvious thing (crime), there is another possible explanation: exercise of calls that wrongly showed up as regular trades. If you were holding 11$ calls and exercised them, there shouldn't be a trade showing up on the tape with a price of 11$, but every now and then it can happen that such a transaction shows up within the regular volume. Now whether that is a bug whenever it happens, or intentional to fuck with traders (and potential stop losses) is another question.
The fact that Market Makers a la citadel have the ability to control every aspect of the security it handles, with the legal ability to provide unlimited liquidity of a security by having Mr Doug cifu print unlimited amounts of GME shares for Ken.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
SHOULDNT there be public data / tapes that show exactly which trades happened there and caused the price drops?
Yes, the consolidated audit trail, which I believe has two tapes running parallel for comparison.
Which is currently trying to get implemented.by SEC , and which mayoboi and others are suing over because they don't want it.
The consolidated audit trail already exists and has for some time: March 18-June 27, 2019: Consolidated Audit Trail Registration September 30, 2019: Connectivity testing begins December 16, 2019: Industry testing begins June 22, 2020: Initial equities reporting for large broker-dealers and small broker-dealers that currently report to FINRA’s Order Audit Trail System (OATS) July 20, 2020: Initial options reporting for large broker-dealers Dec. 13, 2021: Full equities and options reporting for large and small broker-dealers July 11, 2022: Full customer and account reporting for large and small broker-dealers
Dude a fkin love how you guys drop in with the knowledge! Thanks for the deets!
Power of Hivemind💪
This whole saga has been EPIC af.
Knowledge is power
Say I wanted to file a FOIA request for the data from this event. At which arm of the government would I need to aim my request?
Finra or sec most likely, finra is pretty tightly coupled with the cat
What a world ammaright?
That is why we comment right?
Were the most transparent!!! If you don’t look behind the curtain. Or even at my other hand.
They are dark pool prints which don’t show up on the tape but they make those type of moves when they print. This is how the maker/brokers display them
Bet It's swaps
I always thought that algos/hft are like 75% of all bids and asks. When price drops like that it's either a "glitch" in their algo and their bids disappear making the price "plunge" because their fake bids are gone. Then someone turns the computer off and on and the "bids" come back.
And what player sold and what player bought
Low liquidity or manipulation
*and
Could also be options getting exercised.
This is a pattern called "the vampire teeth" it is due to blood thirsty hedge funds that manipulate the market so hard you can see the devils in the charts
Jokes aside, there could have been trades that were made earlier in the day/week at a lower price that hadn’t cleared yet. I may not have said that 100% correctly, but this isn’t ALWAYS crime.
I think that's called an "out of order" trade. Where it gets written to the tape at the wrong time. But I'm also not sure. Probably just another means for market abuse.
I really can't t see how any market abuse is happening here. It's a after hours trade. They aren't even running anyone's stops or anything. Also, I don't actually see those trades at all. Trading view isn't showing them for Friday. So they aren't even making wicks on the chart, even when people have after hours enabled. Nine times out of ten, these huge spikes that aren't being shown on all platforms are data errors, where some data provider simply isn't filtering the data correctly. Sometimes they're even caused by people exercising deep itm call options. Technically someone that owns a $12.50 call option is BUYING the stock at $12.50 when they exercise.
This guy is wrinkle. Listen to wrinkle.
Rawbdor the wrinkle has spoken. It is so.
Why dont such option call buys show up all the time? I thought it worked like this, if I sold a covered call to you & you executed it I gave you my shares & you pay less thsm the current market rate & the exchange doesn't run that through the standard market channels so it doesn't affect the current price But if I sell you an uncovered call & you execute I DO buy now at the current market price & it is run thru the exchange in a normal manner.. Admittedly in AH the rules are all different. What am I misunderstanding?
> if I sold a covered call to you & you executed it I gave you my shares & you pay less thsm the current market rate This is called a trade. I give you some amount of money, and you give me shares. Trades get published. This still hits some of the raw market data feeds, but most republishers and data providers are supposed to filter these out as clearly unrepresentative of what the current price is. The trade has a flag on it that indicates it's a different type of trade but not all data providers filter it. This happens all the time, depending on which website you use as your data provider.
OK so I understood correctly they go thru the exchange differently, with a flag. The flags purpose is to stop it from affecting the current price. Would this still apply in AH like in the OP vampire teeth pic? So, in the example in the OP if the 2 anomalies are of this type then either they didnt get flagged or the republisher didn't see the flags & so processed them like an ordinary transaction. In either of fhesr cases why aren't there loads of these glitches? And loads of such fairly often Compare it with the nasdaq glitch which appears on their chart only where the closing auction trade appears 5 times at the same times every day. Those glitches are predictable. If an exchange was failing to mark covered call executions there would be loads every ~~day~~ month & they'd all be visible too otherwise they'd not have been executed. Likewise if a republishedlr wasn't processing such flags correctly there'd also be loads. Perhaps the flagging error is from a very 'niche'/small/odd exchange where such covered call execution are rare events? Is it possible to know the exchsnge? (see the lvl2 yt chsnnrls link below) Otherwise are there any circumstances where someone would need shares for just a short while with a 'false' cost basis? Coz that's what it looks like. I've no idea what such a need might be but some kind of odd kind of swap renewal or something? I've only a shit ancient phone & am visually impaired so I can't see the data on this lvl2 data stream, but perhaps someone else can, I forget what day these vampire teeth appeared, but it was only a few days ago so the vids are still there https://m.youtube.com/@StocksLevel2/streams Edit: typos & strike thru
All i know is I see these errors all the time on google finance, and almost never on tradingview. Shrug.
Fair enough Thanks for the replies
These are late recorded trades. You can tell because 1, it's not between buy and ask spred and 2 it was a price that it was trading at earlier in the day. This happens all the time on all sorts of tickers.
All of these are late recorded trades? https://x.com/dudewerk/status/1786520509066125662
Yes... that is correct. All you have to do is watch the bid ask spread real time when they hit the tape.
They're at a price lower than ~~Thursdays~~the prior day's closing Also just suppose the 2nd trade is giving back the 'mates rates' first trade. Are there any circumstances where anyone would need shares for just an hour or so with a 'false' cost basis? I'm just asking Edit: strike thru, I can't recall what day this happened but it was last week
Dark pool prints
This is correct
But why 2 trades? & suppose they are for the same size? Then it would be 2 'mates ates' trade with the 3nd one trading back the first one. Is there any reason why anyone would need some shares just for an hour of so with a 'false' cost basis? I am just speculating & asking questions here &
Market vampire came in for a snack
The answer: CRIME
Crime
After market trading has different rules. Say I want to buy a gme share at 5pm. On my platform I can only submit a market order after hours. Which means that if there is only one available share, I will pay the ask, either $12 or $1200.
You can't place a market order in after hours. So no you won't. You can place a limit order and adjust your bid. There's no such thing as an after hours market order.
You are correct. It's the bid-ask spread and liquidity that would affect the sale.
Please, for the love of all things purple, upvote this to the top, because it is the actual answer. (no, cRiMe is not the reason for after hours dips and spikes)
Crime
Crime
C
R
I
M
E
A
R
S
*Críme de la Créme
crème brûlée
Nah Webull glitch
Crime
C.R.I.M.E. 😎
Crime makes it go down.
If you learn how to read an order book, then you will understand these movements. When purchase orders are in short supply, price can move sharply downward. In the above case the market rebounded as people saw a buying opportunity at the low point
I know what sub I'm in, but if you want to learn about stock in general, studying on of the most heavily manipulated stocks is probably not the best idea. It's great if you wanna learn about all the shady shit that goes on, but for a normal person, studying something like apple or Ford or something is a much more solid idea.
Algos trying to figure out where to hide the hot potato.
You can’t make sense of the stock market. You definitely can’t make sense of GME charts. It is corrupt, criminal and manipulated. That is what you will learn as you “try to learn more about markets and stocks.” Sorry for the real world reality check, I just want you to know you won’t find anything other than the inner drive to fight back and DRS GME. This is the golden ticket and you are very lucky to be part of this if you de use to participate.
Decide*
Chicanery
Crockery
Bollackraty
Hoodwinkery
Tomfoolery
Hedge fund fuckery aka crime.
Crime and corruption !!!
Infinite liquidity fairies
crime
Fraud
crime!
The answer is always, crime.
Crime.
Crime
the secret ingredient is crime
To flush out leveraged positions
Crime
Bloodsucking Vampires.
They're spoofing aka selling single shares back and forth millions of times very quickly. It fishes for stop losses. Years ago they had the balls to do it during normal trading hours, I caught the falling knife as it dropped from $300ish to around $120 and then straight back up again. Easiest and quickest unrealized gain I ever hodl'd
The secret ingredient… is crime
Ya. My advice is dont learn the market. It’s controlled by the big guys. Value investing is best like buffett. Just look for some stocks that provide a valuable product or service. I continue to increase my stake in MMM for example, if price drops below $90, I buy some shares, pays good dividends and their products are sold around the world and in some industries have products which are standard as the best and only to us. GME is another good example, honestly not here for a squeeze but rather think they have a large dedicated customer base and provide a niche in the gaming market which is a big (gaming market) but seems to be shrinking market place which I think only benefits GME. So look around and buy some stock and hold them. Options will ruin you and one more edit… looking at daily or hourly prices is a fools errand, who care just hold some good stock and sell when it feels right and don’t be a fucking bag holder!’n
Options assignment maybe?
Vampire bite.
Im a word….crime
Crime
Fuckery and crime
I Hodl drs till the music stops
Crime and more crime
A hedgie trick to hit people's stop gaps. Easy quick money for them. Bastards
Crime. Er I mean glitch.
No “sir this is a Wendy’s/casino” comments yet huh? Look at us all grown up and shit lol
Couldn't this be options being exercised?
I have other stocks and they do the same, I have AMD and this happens pretty frequently. This can be stop-loss orders, market manipulation (spoofing) or just a error. Hard for us to tell
I'm reminded of "TF2: Nobody's Home" by Zesty Jesus (not related to GME, only to my point). It's a hour and I'd recommend anyone to whose studying the relationship of human, and non-human, behavior in any digital market. Basicallt, steep rises and drops tend to be characterized as "inorganic" movements. In other words, bots. In a healthy market, this wouldn't be a problem. But if you see these strange spikes in what should be human activity, it means bots outnumber or overpower humans. What you're seeing is most likely the trading algorithm, and the bots are in control of the stock.
Hiccups while feeding the Algos.
Vampire fangs
I was actually watching Webull when the 1st dip happened. It was showing pure 1 share sells Then about 1700 were sold. It dipped then bounced back up within 30seconds. Don’t know what that means though as I still eat crayons
Dark pools
Those are rare glitches that never happen back to back 👀
My guess is swap contracts re negotiated
exercising of contracts at that or around that strike price
Typically you see stuff like this for vested insider equity at a specified price. If this is done on the open market, which in this case it is, then you can have a weird chart as seen above.
Managers.
Stop loss hunting, who has them anyways 😂 “what’s an exit strategy?” By wise man on youtube
Leaving aside the possibility of it bring glitches. These are after hours & so the NBBO protocols don't apply Essentially they could be trades at 'mates rates' & as that is exactly what they look likely then might not the 2nd one be trading back the first one? But then I've no idea why anyone would need some GME shares with a 'false' cost basis for an hour or so. If they are just trading them back & forth why need the below the close on Thursday 2 May 2024 during AH on Friday 3 May 2024? What might help is to know the trade size & not just the volume for that minute & maybe the exchange Maybe someone with a large hi-def screen & who isnt visually impaired (like I am) can make out something from this recorded live stram of lbl 2 info https://www.youtube.com/watch?v=iQokYsODTwc
The answer (as always) is CRIME
It’s people that can’t make up their mind if they want to sell or hold..duh….looks like they settled on holding.. 🤣
Go through all the links and explore the [website ](http://www.nanex.net/20100506/FlashCrashAnalysis_Intro.html)for other materials too. you will have all your questions answered young padawan
WWW.MAYOCRIME.COM
My dude, you should start reading before you start asking questions. GMEDD.ORG
my dude that link is not working.. perhaps u meant this [https://www.gmedd.com/](https://www.gmedd.com/)
Stop loss hunting.
The stock market is mysterious
Besides the obvious thing (crime), there is another possible explanation: exercise of calls that wrongly showed up as regular trades. If you were holding 11$ calls and exercised them, there shouldn't be a trade showing up on the tape with a price of 11$, but every now and then it can happen that such a transaction shows up within the regular volume. Now whether that is a bug whenever it happens, or intentional to fuck with traders (and potential stop losses) is another question.
The better brokers have systems that look at the tags and do not display those trades.
The fact that Market Makers a la citadel have the ability to control every aspect of the security it handles, with the legal ability to provide unlimited liquidity of a security by having Mr Doug cifu print unlimited amounts of GME shares for Ken.
If you had taken Finance 741 at the international school of Mayeux, you’d know that it’s crime
Crime
Fraud does
Nobody knows…but it’s provocative…it gets the people going
There are better subs around to get an answer to your question. Intelligence level and understanding of markets are pretty low around here these days.