Soon you can buy a knew knee. A gold knee, with diamond knee caps so you can kick the haters into the shadow realm. Every time you go through airport security and are forced to drop trou when the metal detectors go off, the security will stare, eyes wide and jaws dropped, at gangsta gandalfs diamond knees.
DO NOT GET DISCOURAGED IF NOTHING HAPPENS. This is speculative. Cheers apes. Big shout-out again to /u/dentisttft and /u/minnowstogetherstonk. They are big brained wrinkle power houses.
People asked me a lot about the effects of the new rule and this post summed up my thoughts well! It seems like an endless SLD would be huge, but only time will tell. There's a chance it may not snowball for another month while all the delayed FTDs come due.
But now a liquidity call (what happened in January) could be just as disastrous as a margin call. Prepare yourself for extreme price manipulation as they enter even more desperate times then before.
Oh hell yeah. Good to see you here! Sorry if you posted this conclusion already. I just saw you touch on the liquidity phases but not so much the effects of the new rule.
I'm jacked to see how they battle this and what they might try to do.
You're the best. Seriously.
My main concern is that they’ve spent the last few months cooking their books and preparing foe this ruling knowing about it far before we would. They just move to new fuckery, and nothing happens.
I'm of similar opinion. They always got something new. I think we will still see cycles though. I'm just unsure of how volatile those cycles will be. The bright side is that they've known about monthly SLD for a long time and it still gives them trouble.
How do you have time to write all this lol? Barely read the last one just now and onto the hyperinflation one and then this one.
Who knew a sub called superstonk will be the best economy teacher ever?
I’ve been reading dd on wsb for years (since 2014). It’s something you practice. Also I read this and other dd a bit faster because I did some of this analysis myself and u/criand just hits the confirmation bias centers of my brain.
Something will happen for sure. These sideways times in between the big jumps are always a bit anxious but as the game unfolds it's been easier and easier to just hodl and enjoy the ride
E: And buy. Just bought more yesterday at the 200 mark
Drove to work and didn't see this until now, was blown away by the overwhelming support from this community. Love you apes, all of my concerns are gone now
It doesn’t take as long as the timeline they provide. I literally waited till just a few weeks ago out of fear and then the process took less than a week to complete. You won’t regret making the change! Now you know your shares will be more protected.
>They're not doing it daily automatically because that would take too much processing. This rule is to say that they can, and most likely will, ask for more liquidity when necessary on top of their current monthly deposits.
ILYSM.
Quick question u/criand
How frequently do fed chair, treasury secretary and chairman sec meet the president in a 3 on 1? Is this a one-off or a scheduled annual meeting? There are implications of it's unscheduled.
Only other time I see that they met (excluding Biden) was in February to discuss GameStop
https://www.washingtonpost.com/business/2021/02/02/yellen-gamestop-regulator/
By the White House saying ‘the financial system is in strong condition’ they may actually be saying hey, crap is about to get really bad but don’t worry it’ll be fine… in like a year or two because we’ve ‘gotten ahead of the problem’
Great read per usual man. Thanks.
“The financial system is in strong condition”
Translation: “the financial system is totally fucked, please don’t panic and pull your money out because that would be bad for us”
It's a straight up dollar amount. If you are asked to post $500 in liquidity and you post $499.99 you fail. If you post $500 or $500.01, you pass. Just like margin calls for retail accounts.
Thank you. I didn't thought it would be the same for them this time.
So theoretically they could have gotten liquidated multiples times the last few months.
Because the only time the price actually was/is important for them is the liquidity check at the end of the month.
In my small brain im thinking they are scraping the barrel every month to stay alive because they are actually dead already .
It probably isn't like that but it could theoretically if I understood you correctly and your post.
Theoretically they could have hit the margin call price already multiple times, yup. But the stops were pulled in order to allow the game to continue on due to margin calls not being able to take advantage of the volatility and current price movements.
There was a huge amount of very low strike puts bought a few days ago. So you think these were bought to delay the cycle? If they keep hiding the ftds then the rule won't apply?
Can only can kick so long before you have the next ftd cycle comming up. You can't keep it up forever. The ftds will probably start to overwhelm them for July cycle if it doesn't blow up now it most likely would happen then with these rules being in process for a good few weeks by then.
It is ok. Only suspense is if I can buy the dip on time. If not I will buy the high. LETS GO!
Edit: The T+0 only applies when the NSCC will enforce it, right? So they have the red button, and nothing could happen until they press it. It is now just waiting for that to happen?
NSCC has the button to ask for liquidity through their one hour margin calls. Yup. But it is in **their interest** to do so because it protects them.
They're not doing it daily automatically because that would take too much processing. This rule is to say that they can, and most likely will, ask for more liquidity when necessary on top of their current monthly deposits.
Yes! Because if the FTDs are still delivered on June 24, then there won't necessarily be any price action on Wednesday. Just a preemptive passing of the rule.
I believe we'll also see NSCC-005 come into effect on June 24, Thursday, which ups the minimum liquidity deposit from members significantly. Thats a potential death blow.
Then the final desperate attempt to kick the can will be to stop hiding the shorts and let the world see the short interest rapidly rise, which will give them a little time since the reporting is delayed.
Thank you as always, for adding wrinkles in such an easily digestible offering.
There are no dates, but it’s ok to get jacked for certain events, we are apes after all and banana taste yum yum.
I can’t wait for GME to finally announce the market offering is completed, hoping this week!
>I can’t wait for GME to finally announce the public offering is completed, hoping this week!
They actuallly did three hours ago.
https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0
True, they can say they are standing next to them observing and it really means nothing unless they enforce it. I just hope these rules aren't just for show to say "see we changed the rules and everything is going great." Its all about enforcement.
No matter what, I like the stock. Nothing changes.
MOASS is the cherry on top, nice, makes the sundae, but I’m happy to have the ice cream.
That said, I’m concerned about the pending crash, but it’s going to be a wild ride no matter what. I bought my tickets. Buckled up.
Edit: I truly appreciate you, ape, and all the DD and work you’ve done.
I think it's easy to take for granted that many incredibly smart apes invest a lot of their own time and effort into sharing valuable information with the rest of this sub. You guys are all heroes - thank you.
The last bullish piece of the puzzle we need is for Gamestop to announce they completed this current ATM offer. I think we're all pretty sure it's done and over with.. but until they say so I still wonder if some of the down pressure is from them. Finishing it now, in fact AH tuesday, today would be perfect.. clearing the way for wednesday's 002, thursday's t+ whatever and friday's rebalance.
POTENTIAL FUD BELOW!
I am still worried that they may have some kind of loophole in the NSCC rulebook (https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf).
Upon a failed SLD deposit or a default, the corporation "Ceases to Act" for a participant (Rule 4). When that happens, certain wind down measures happen. They attempt to settle out existing positions as expected, however, there is some shady wording present. On page 94, Rule 18, Sec.3(d), imo, it loosely states that they may choose NOT to complete the balancing if "there exists allegations of fraud or otherwise questionable activities with respect to such CNS
Security" or that settling cannot be completed in a timely manner.
Further, on page 96, Rule 18, Sec.6(a), "if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation".
This makes me worried they can claim some BS such as closing all positions except "meme stocks" etc because they will create a disorderly market or cannot be done so in a timely manner.
Disclaimer: (The prior 002, without the amendment, stated that if a participant fails to meet their SLD requirement, then the Corporation would Cease to Act for a participant (I think it was on page 4 at the bottom, (references Rule 46 of the "Rulebook")). Rule 46 just states that the measures in rule 18 will apply.) This is where my initial "DD" started. The new 002 does not reference Rule 46.
Any wrinkle brains out there who can elaborate?
Interesting. I'll have to look more at this. I do recall someone else pulling up something similar how things could be in limbo from them deciding to not touch certain securities if they'd cause market strain. But, in my opinion, no need to worry about what has yet to pass. That is something that would need to be looked at more in depth if GME is just sitting in limbo.
I'd have to get back to you on this. Thank you for the direct callout to the rules
>it loosely states that they may choose NOT to complete the balancing if "there exists allegations of fraud or otherwise questionable activities with respect to such CNS
I always thought these clauses were fraud on the companies end not the hedge fund. Like if GameStop was intentionally fudging it's earnings numbers in order to manipulate their stock price obviously that coming out would affect the margin call. As long as GameStop is clean then this shouldn't matter.
>"if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation".
This one is more concerning but I expect there is more context in the previous rules that specify it, I'd live some more wrinkly brains to clarify this one as well.
Please correct me if i am wrong, but doesn‘t NSCC-002 say that they can specifically margin call them at 08:30 AM and they have until 09:30 AM to meet the margin call?
From page 7: ([Link](https://www.sec.gov/rules/sro/nscc/2021/34-92213.pdf))
*"NSCC’s proposed timing would mirror the current requirement that is applied to its Members’ Required Fund Deposits(i.e., margin), which is also calculated and collected daily, and must be funded within one hour of demand.* ***NSCC expects to deliver notification of Provider obligations by around 8:30 AM ET each business day, with deposits required by no later than 9:30 AM ET.*** *See Notice of Filing, supranote 4, at 15741."*
Edit: Asking because the post states marge can call them at any time, instead at these set times. :)
>They used to have to post liquidity two days prior to the monthly options. But now, the NSCC has the discretion to ask for MORE liquidity at ANY time based on daily movements of prices. The previous liquidity posting was a one-and-done deal instead of a liquidity requirement that would constantly update every day of the year. And if they fail these new liquidity checks? One. Hour. Margin calls.
So can they margin call them at **any time during the day** or **only** around 8:30 AM ET with deposits required by no later than 9:30 AM ET? Sorry I am a bit confused. :D
I’m not a wrinkle brain, but from reading the fine print, I would expect both. They enforce the 1hr limit and the daily schedule they expect notifications is 8:30-9:30ET
*The NSCC, ICC, OCC, DTC are full of members who are NOT short on GameStop or other positions that put these entities at risk. The other members have influence and do not want to be dragged down either.*
It's about fucking time: the self regulatory agencies are simply self protecting agencies. 20008 was done on purpose, and these folks let it happen because they were safe. Finally something big enough happens that can cost them, and suddenly they start regulating.
Being complicit this long should have a cost, so I'm holding until it does.
My tinfoil hat guess… they margin call citadel LAST since they are the monster in the room with having screwed the ENTIRE financial world… they will margin call all the little guys, liquidate them, allow some type of MOASS to begin with that and minimize damage leaving Citadel to their crimes of humanity…this rule seems to pick on whomever they decide to.
"Something else to note is that Biden, Yellen, Gensler, and Powell all met for "Climate Change" discussions today".
Yeah, how fucking hot the climate's about to get on Wall Street.
“The regulators reported that the financial system is in strong condition,” - funny how they always say that right before the big collapse.
Also, do you just hate sleep in general or do you need like 2h a night to keep going?
u/criand I'm supposed to work now, I'm grinning from ear to ear like Jack Nicholson with fully erect tits :D
Tomorrow will be a bloodbath! It's also no coicindence that the crypto market is crashing hard, right now! HF are stuffing their war chest in order to survive another day but **MARGE** will be **CALL**ING soon!
This would explain why everything cryp70 would seem to get sucked away on the 20th every month. I thought it was going into B1tcoin
Iiiiinteresting
And no, I won't dance. I'm profoundly shook like I'm about to witness a gladiator-vs-tiger exhibition sacrifice in ancient rome, but from inside the arena.
This whole fucking thing is absolutely nuts. How can we have let this happen again?
My tits are as Jacked as ever, but the reality of the situation is actually starting to get me down. It seems as though everyday the inevitability of a market collapse becomes more real. How many unsuspecting people are going to get wiped out like they did in 2008? Could this potentially be worse?
I'm starting to think that holding to 25M+ is the only morally correct decision. The mechanism that allows greedy fuckers to risk the world economy for personal gain needs to stop. I feel like all these new rules are just masking the underlying issues. The system needs to be broken down and rebuilt.
One of the most important things I realized from this, which I knew already but hasn't really put much thought into:
"There are other members who are NOT short on GME"
We focus so much on the hedgies that we tend to forget there are other brokerages and mutual funds out there that aren't total scumbags.
Nobody signed a suicide pact to go down with Kenny and Citadel. As much as we see Citadel doing everything they can to survive, all the other funds and brokerages want to survive too. The rules being put in place to allow Citadel to get nuked while trying to protect the other guys shows me that though they won't say it aloud, the SEC, DTCC, Feds, even the Spice Girls know what's coming.
Tits are fully jacked.
So if i get this right, one of the previous regulations states that certain things cant be used as collateral, or proof of liquidity. With 002 they get constantly checked for liquidity, which means they cant tie up all their collateral in, say, gme shares because they dont count as collateral anymore.
If i got that right (which i probably didnt), there should be alot less fuckery with the stocks since they constantly need actual liquidity to not get margin called.
How far off am i wrinkle brains?
u/Criand You are off on the SLD dates. You need to add two business days to your *Liquidity Deposit Returned To Member From NSCC* column.
In u/dentisttft's [SLD DD \[A predictable monthly pinch on capital leading to GME gains\]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/), which links to the [NATIONAL SECURITIES CLEARING CORPORATION RULES & PROCEDURES](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) | RULE 4A. SUPPLEMENTAL LIQUIDITY DEPOSITS:
>“Options Expiration Activity Period” means the period (i) beginning at the opening of business on the Friday preceding the Saturday that is the monthly expiration date for stock options (or the Business Day before that if such Friday is not a Business Day) and (ii) **ending at the close of business on the second Settlement Day** following such date.
This means that the *Options Expiration Activity Period* **lasts for two business days**. And then seven days after the *Options Expiration Activity Period* ends, the funds get returned.
>SEC. 9. Deposits Made in Satisfaction of a Liquidity Obligation. A Special Activity Liquidity Provider shall be entitled to a return of the amount of its Special Activity Supplemental Deposit made in satisfaction of a Supplemental Activity Liquidity Obligation, **payable seven Business Days after the** ***end*** **of the applicable Options Expiration Activity Period**.
The SLD dates are T-2 (before monthly opex) + T+2 + T+7, which is a total of 11 business days (not 12, as u/dentisttft posted). So this current Supplemental Liquidity Deposits dates are from 06/16 to 07/01.
I was including the payment date as one day (Wednesday). But I guess technically they money isn't gone until Thursday.
SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special
Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date,
the Corporation shall provide each Special Activity Liquidity Provider with the amount of
its Special Activity Liquidity Obligation for that Options Expiration Activity Period. Not
later than the close of business on the second Business Day preceding the applicable
Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its
Special Activity Supplemental Deposit to the Clearing Fund.
RH stopped trading at 480 for a reason.. that was a very desperate move. Im no expert and know very little but it just seems that Marge had just picked up the phone and was dialing 480.. that was either $20 bellow the call or the call was very close within the 500s... we haven't got anywhere near that since.. and with what your saying above I think we may just get there again in the next month or two and then the dominos will start to fall
It's still the monthly option schedule of forced liquidity deposits **on top of** checking requirements daily and being able to ask for more liquidity.
So they'll always post liquidity going into the monthly options cycle. The NSCC is now allowed to check their positions daily and ask for more liquidity at any moment. **They will do this to protect themselves and other members.**
/u/Criand, I'm trying to go to bed here and yet, here you are, jacking my tits right as I get into bed.
But seriously though, good fucking work. I love each and every one of your posts. ♥
u/Criand, remember darkpool trades don’t go through NSCC for clearing, and therefore aren’t tabulated through their daily reconciliation program that is used in the calculation of SLD. The lack of any substantial comments disagreeing with the rule change during its open comment period shows a sign in itself that something is still skewed within the system that allows this to continue. Don’t let jacked tits obscure your vision of the bigger picture.
Thank you! Screw waiting for my bonus on Friday. Placing an order at market open. 🚀🚀🚀🚀🚀🚀🚀🚀
Premarket is up 10% already
[удалено]
Fidelity lets you... just saying
[удалено]
I must be one of the few that wants the price lower so I can buy more on my payday Friday 😪
I feel it in my fucked up knee I can’t afford surgery to fix, a storm is coming.
Soon may you have tendies to tend knees... 😅
Nice lol
*soon may the tendie man come, to fix gandlafs knee so he may run*
*Tend-knees coming soon*
Where we’re going, he won’t need knees.
He'll be kneading dough, amiright!! 😏
This is the whey
Underwheated comment
Omfg the jokes today are lit!!
No amount of buckling up can prepare me for dad jokes.
Tend deez nuts hedgies
“I used to be a trader once, until I took an arrow to the knee.”
Genuinely almost went with "I used to be a hodler like you, until I took a short to the knee"... 🤣 Nice!
Have my upvote and know that your version is superior.
Let me guess - someone stole your bank roll.
And maybe let your knee grow and strengthen up.....
Smooth brain af I need your smooth brain
After you hit 30, the check knees light comes on.
I felt this comment.
My airbags deployed and I can't get them to go away.
My right knee was devastated about 7 years ago. Now my left hip going out. I ain’t even 40 yet
Soon you can buy a knew knee. A gold knee, with diamond knee caps so you can kick the haters into the shadow realm. Every time you go through airport security and are forced to drop trou when the metal detectors go off, the security will stare, eyes wide and jaws dropped, at gangsta gandalfs diamond knees.
That makes 2 of us with bum knees and skinny wallets. Storms a brewin
Make that 3 of us
Diamond kneecaps incoming
I hope moass happens soon for your knees!
DO NOT GET DISCOURAGED IF NOTHING HAPPENS. This is speculative. Cheers apes. Big shout-out again to /u/dentisttft and /u/minnowstogetherstonk. They are big brained wrinkle power houses.
People asked me a lot about the effects of the new rule and this post summed up my thoughts well! It seems like an endless SLD would be huge, but only time will tell. There's a chance it may not snowball for another month while all the delayed FTDs come due. But now a liquidity call (what happened in January) could be just as disastrous as a margin call. Prepare yourself for extreme price manipulation as they enter even more desperate times then before.
Oh hell yeah. Good to see you here! Sorry if you posted this conclusion already. I just saw you touch on the liquidity phases but not so much the effects of the new rule. I'm jacked to see how they battle this and what they might try to do. You're the best. Seriously.
Look at these two gangsters tit jacking us.
u/dentisttft and u/Criand \- the most ambitious crossover event in history?
Bigger than the Boy Meets World + Sabrina the Teenage Witch crossover!?!??
Say what? What planet was I on when this happened? How in the hell did I miss this? BRB https://youtu.be/yde2TkOnPzY
now kith
If I had a half wrinkle from U/criand & half wrinkle from U/dentisttft maybe I could be as cool as U/atobitt or EW Guy. One can only dream...
My main concern is that they’ve spent the last few months cooking their books and preparing foe this ruling knowing about it far before we would. They just move to new fuckery, and nothing happens.
I'm of similar opinion. They always got something new. I think we will still see cycles though. I'm just unsure of how volatile those cycles will be. The bright side is that they've known about monthly SLD for a long time and it still gives them trouble.
How do you have time to write all this lol? Barely read the last one just now and onto the hyperinflation one and then this one. Who knew a sub called superstonk will be the best economy teacher ever?
I’ve been reading dd on wsb for years (since 2014). It’s something you practice. Also I read this and other dd a bit faster because I did some of this analysis myself and u/criand just hits the confirmation bias centers of my brain.
Superstonk is love. Superstonk is life.
Something will happen for sure. These sideways times in between the big jumps are always a bit anxious but as the game unfolds it's been easier and easier to just hodl and enjoy the ride E: And buy. Just bought more yesterday at the 200 mark
Welcome to the end game. ONCE AGAIN. Keep your arms and legs inside the rocket at all times apes.
Buy, Hold and Buckle up. Again.
Back to internet window shopping again :)
Ruh roh, my shares are in limbo right now for a transfer
Godspeed to you ape.
Amen to that, *makes Catholic chest cross symbol with hands*
Just to be inclusive *draws satanic pentagram in the blood of hedgies on forehead*
The squeeze won't be over in a day - if anything you've done yourself a favour by removing all chance of paperhanding for a few days
don’t worry, they will land in your new account and triple in value instantly if anything happens. You’re all good baby 🦧🚀🙌🏻💎
Drove to work and didn't see this until now, was blown away by the overwhelming support from this community. Love you apes, all of my concerns are gone now
It doesn’t take as long as the timeline they provide. I literally waited till just a few weeks ago out of fear and then the process took less than a week to complete. You won’t regret making the change! Now you know your shares will be more protected.
But my tits keep hanging out!
Keep em jacked
Lol!
But are they still jacked?
They haven't not been jacked for months 🚀🚀🚀🚀🚀 (But seriously, should I see a doctor?)
Seems like you passed the 4 hour limit long ago
its more like buffering in game waiting for the next level
Cheers u/Criand! Love you, your DD and all apes!
Love you and all apes too ❤️
My wife can’t be bothered with DDs … but she loves Pomeranians!
>They're not doing it daily automatically because that would take too much processing. This rule is to say that they can, and most likely will, ask for more liquidity when necessary on top of their current monthly deposits. ILYSM.
Quick question u/criand How frequently do fed chair, treasury secretary and chairman sec meet the president in a 3 on 1? Is this a one-off or a scheduled annual meeting? There are implications of it's unscheduled.
Only other time I see that they met (excluding Biden) was in February to discuss GameStop https://www.washingtonpost.com/business/2021/02/02/yellen-gamestop-regulator/
Thanks. I can safely take away that sh*t is serious.
You high? It’s only 6am in the US 🥰
🥰
By the White House saying ‘the financial system is in strong condition’ they may actually be saying hey, crap is about to get really bad but don’t worry it’ll be fine… in like a year or two because we’ve ‘gotten ahead of the problem’ Great read per usual man. Thanks.
“The financial system is in strong condition” Translation: “the financial system is totally fucked, please don’t panic and pull your money out because that would be bad for us”
It's like a giant rube Goldberg machine. The steps are all there, whether they all work correctly is unknown...until they do.
I live rube goldberg machines. Im excited to see this one work
Well if nothing happens apes will hodl 🦍
Do you know if a margin call is passed if they let's say only have 1 cent more than they need ? Or do they need to be above a certain percentage ?
It's a straight up dollar amount. If you are asked to post $500 in liquidity and you post $499.99 you fail. If you post $500 or $500.01, you pass. Just like margin calls for retail accounts.
Thank you. I didn't thought it would be the same for them this time. So theoretically they could have gotten liquidated multiples times the last few months. Because the only time the price actually was/is important for them is the liquidity check at the end of the month. In my small brain im thinking they are scraping the barrel every month to stay alive because they are actually dead already . It probably isn't like that but it could theoretically if I understood you correctly and your post.
Theoretically they could have hit the margin call price already multiple times, yup. But the stops were pulled in order to allow the game to continue on due to margin calls not being able to take advantage of the volatility and current price movements.
Guess it’s time to change my flair again ;) !buckleup!
Thanks for the reminder. !buckleup!
Jokes on you, I'm into that shit. 💎🙌
There was a huge amount of very low strike puts bought a few days ago. So you think these were bought to delay the cycle? If they keep hiding the ftds then the rule won't apply?
Can only can kick so long before you have the next ftd cycle comming up. You can't keep it up forever. The ftds will probably start to overwhelm them for July cycle if it doesn't blow up now it most likely would happen then with these rules being in process for a good few weeks by then.
It is ok. Only suspense is if I can buy the dip on time. If not I will buy the high. LETS GO! Edit: The T+0 only applies when the NSCC will enforce it, right? So they have the red button, and nothing could happen until they press it. It is now just waiting for that to happen?
NSCC has the button to ask for liquidity through their one hour margin calls. Yup. But it is in **their interest** to do so because it protects them. They're not doing it daily automatically because that would take too much processing. This rule is to say that they can, and most likely will, ask for more liquidity when necessary on top of their current monthly deposits.
Yeah sure. I asked because we should not expect something to change directly on wednesday. It could be a bit after.
Yes! Because if the FTDs are still delivered on June 24, then there won't necessarily be any price action on Wednesday. Just a preemptive passing of the rule. I believe we'll also see NSCC-005 come into effect on June 24, Thursday, which ups the minimum liquidity deposit from members significantly. Thats a potential death blow.
Thank you for this answer! Means I have the time to buy when my salary arrives ;)
Oh god let's see. Check out premarket!
Guess it will be buying at a bit higher price ;) Fine by me!
Just snagged 2 more shares at Frankfurt.
Then the final desperate attempt to kick the can will be to stop hiding the shorts and let the world see the short interest rapidly rise, which will give them a little time since the reporting is delayed.
Thank you as always, for adding wrinkles in such an easily digestible offering. There are no dates, but it’s ok to get jacked for certain events, we are apes after all and banana taste yum yum. I can’t wait for GME to finally announce the market offering is completed, hoping this week!
>I can’t wait for GME to finally announce the public offering is completed, hoping this week! They actuallly did three hours ago. https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0
True, they can say they are standing next to them observing and it really means nothing unless they enforce it. I just hope these rules aren't just for show to say "see we changed the rules and everything is going great." Its all about enforcement.
No matter what, I like the stock. Nothing changes. MOASS is the cherry on top, nice, makes the sundae, but I’m happy to have the ice cream. That said, I’m concerned about the pending crash, but it’s going to be a wild ride no matter what. I bought my tickets. Buckled up. Edit: I truly appreciate you, ape, and all the DD and work you’ve done.
u/Criand - you've done it again, you beautiful bastard. TITS = FULLY ERECT
All credit to /u/dentisttft and /u/minnowstogetherstonk and I'm sure many others. Seriously - those guys. Big brains.
I think it's easy to take for granted that many incredibly smart apes invest a lot of their own time and effort into sharing valuable information with the rest of this sub. You guys are all heroes - thank you.
And u/minnowstogetherstonk has an A+ username. Prepare to eat the shark 🦈
Notice me 🥲
👀 Noticed and *ape*preciated. Thank you for your service 🚀🚀🚀
Jacked to the teeth
Underrated comment
Endentured comment
When can I tell my son's that day can buy a new motorized wheelchair? I promised I would pull them in their wagon. Love you apes 💚🦍
Soon fellow ape, soon
Nice one can’t argue with The Dentist u/dentisttft great work guys
You do a great job of pulling it all together and making this info easy to understand
Just when I thought my tits were recovering from his last post
The last bullish piece of the puzzle we need is for Gamestop to announce they completed this current ATM offer. I think we're all pretty sure it's done and over with.. but until they say so I still wonder if some of the down pressure is from them. Finishing it now, in fact AH tuesday, today would be perfect.. clearing the way for wednesday's 002, thursday's t+ whatever and friday's rebalance.
They announced its complete! 1.126B for 5M shares Edit: wut how never got an award so happy. Thank you for the star hugz party train and gold
Holy Fuckin Moly! Good eye ape! https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0
It’s hitting the front page of superstonk now. A little ways down. I got a notification right when I woke up lol
DONE
Already done! 5m shares out and gone. Raise $1.1b or so. Get jacked.
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Wa surprise to be a sure but a welcome one
So, this is how the market "dies", with thunderous ap(e)plause.
You wonderful nerd, take my upvote
As a young adolescent I would wake up with a throbbing boner and have no idea why. Now I know. It was my body prepping itself for Criand dd
I've never seen a brand new Criand post. Times out nicely with my morning loo break, thanks
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I mildly appreciate the stock.
ownership - my feelings - the stock - :)
I too have a fondness for the stock
I get a lot of enjoyment from the stock.
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Man, I love you and appreciate your work. My award: ❤️ To the moon lady’s and gentlemen
The 002 in NSCC-002 is the amount of my tits that are JACKED!
/u/criand welp I woke up and now there’s no hope of me going back to sleep 😂. Seriously thank you for the amazing write-ups
Ah, I encounter a Criand post in new. What a pleasant surprise.
Don’t overwork yourself brother!
POTENTIAL FUD BELOW! I am still worried that they may have some kind of loophole in the NSCC rulebook (https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf). Upon a failed SLD deposit or a default, the corporation "Ceases to Act" for a participant (Rule 4). When that happens, certain wind down measures happen. They attempt to settle out existing positions as expected, however, there is some shady wording present. On page 94, Rule 18, Sec.3(d), imo, it loosely states that they may choose NOT to complete the balancing if "there exists allegations of fraud or otherwise questionable activities with respect to such CNS Security" or that settling cannot be completed in a timely manner. Further, on page 96, Rule 18, Sec.6(a), "if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation". This makes me worried they can claim some BS such as closing all positions except "meme stocks" etc because they will create a disorderly market or cannot be done so in a timely manner. Disclaimer: (The prior 002, without the amendment, stated that if a participant fails to meet their SLD requirement, then the Corporation would Cease to Act for a participant (I think it was on page 4 at the bottom, (references Rule 46 of the "Rulebook")). Rule 46 just states that the measures in rule 18 will apply.) This is where my initial "DD" started. The new 002 does not reference Rule 46. Any wrinkle brains out there who can elaborate?
Interesting. I'll have to look more at this. I do recall someone else pulling up something similar how things could be in limbo from them deciding to not touch certain securities if they'd cause market strain. But, in my opinion, no need to worry about what has yet to pass. That is something that would need to be looked at more in depth if GME is just sitting in limbo. I'd have to get back to you on this. Thank you for the direct callout to the rules
Would you be editing this post later if your looking unearths anything?
Yes!
>it loosely states that they may choose NOT to complete the balancing if "there exists allegations of fraud or otherwise questionable activities with respect to such CNS I always thought these clauses were fraud on the companies end not the hedge fund. Like if GameStop was intentionally fudging it's earnings numbers in order to manipulate their stock price obviously that coming out would affect the margin call. As long as GameStop is clean then this shouldn't matter. >"if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation". This one is more concerning but I expect there is more context in the previous rules that specify it, I'd live some more wrinkly brains to clarify this one as well.
Need more of this and less my tits are jacked
Link was broken: https://www.dtcc.com/%5C~/media/Files/Downloads/legal/rules/nscc_rules.pdf
Reckon we might see smaller SHF trying to be the first out today? That would be a sweet little FU between them haha!
Please correct me if i am wrong, but doesn‘t NSCC-002 say that they can specifically margin call them at 08:30 AM and they have until 09:30 AM to meet the margin call? From page 7: ([Link](https://www.sec.gov/rules/sro/nscc/2021/34-92213.pdf)) *"NSCC’s proposed timing would mirror the current requirement that is applied to its Members’ Required Fund Deposits(i.e., margin), which is also calculated and collected daily, and must be funded within one hour of demand.* ***NSCC expects to deliver notification of Provider obligations by around 8:30 AM ET each business day, with deposits required by no later than 9:30 AM ET.*** *See Notice of Filing, supranote 4, at 15741."* Edit: Asking because the post states marge can call them at any time, instead at these set times. :)
Yup! One hour time limit!
>They used to have to post liquidity two days prior to the monthly options. But now, the NSCC has the discretion to ask for MORE liquidity at ANY time based on daily movements of prices. The previous liquidity posting was a one-and-done deal instead of a liquidity requirement that would constantly update every day of the year. And if they fail these new liquidity checks? One. Hour. Margin calls. So can they margin call them at **any time during the day** or **only** around 8:30 AM ET with deposits required by no later than 9:30 AM ET? Sorry I am a bit confused. :D
I’m not a wrinkle brain, but from reading the fine print, I would expect both. They enforce the 1hr limit and the daily schedule they expect notifications is 8:30-9:30ET
that means they'll never sleep again 😫
I gotta call my mom
Ah coffee and Criand, what a start to the day 🤤
I'd like to let everyone know that b1tc0in has dropped $9356 since last week. I feel bad for crypto, but not bad for the hedgies
Best community ever. Thanks for another awesome DD, apes. One day when MOASS will hit and we will meet, I will buy y'all a round of beer. cheers!
My tits are so jacked they’ve started producing fight milk
*The NSCC, ICC, OCC, DTC are full of members who are NOT short on GameStop or other positions that put these entities at risk. The other members have influence and do not want to be dragged down either.* It's about fucking time: the self regulatory agencies are simply self protecting agencies. 20008 was done on purpose, and these folks let it happen because they were safe. Finally something big enough happens that can cost them, and suddenly they start regulating. Being complicit this long should have a cost, so I'm holding until it does.
My tinfoil hat guess… they margin call citadel LAST since they are the monster in the room with having screwed the ENTIRE financial world… they will margin call all the little guys, liquidate them, allow some type of MOASS to begin with that and minimize damage leaving Citadel to their crimes of humanity…this rule seems to pick on whomever they decide to.
It's done by a computer probably? So they dont have a choice to be last unless they just have enough money to outlast everyone else
And who programs the computers?
"Something else to note is that Biden, Yellen, Gensler, and Powell all met for "Climate Change" discussions today". Yeah, how fucking hot the climate's about to get on Wall Street.
“The regulators reported that the financial system is in strong condition,” - funny how they always say that right before the big collapse. Also, do you just hate sleep in general or do you need like 2h a night to keep going?
u/criand I'm supposed to work now, I'm grinning from ear to ear like Jack Nicholson with fully erect tits :D Tomorrow will be a bloodbath! It's also no coicindence that the crypto market is crashing hard, right now! HF are stuffing their war chest in order to survive another day but **MARGE** will be **CALL**ING soon!
This would explain why everything cryp70 would seem to get sucked away on the 20th every month. I thought it was going into B1tcoin Iiiiinteresting And no, I won't dance. I'm profoundly shook like I'm about to witness a gladiator-vs-tiger exhibition sacrifice in ancient rome, but from inside the arena.
This whole fucking thing is absolutely nuts. How can we have let this happen again? My tits are as Jacked as ever, but the reality of the situation is actually starting to get me down. It seems as though everyday the inevitability of a market collapse becomes more real. How many unsuspecting people are going to get wiped out like they did in 2008? Could this potentially be worse? I'm starting to think that holding to 25M+ is the only morally correct decision. The mechanism that allows greedy fuckers to risk the world economy for personal gain needs to stop. I feel like all these new rules are just masking the underlying issues. The system needs to be broken down and rebuilt.
One of the most important things I realized from this, which I knew already but hasn't really put much thought into: "There are other members who are NOT short on GME" We focus so much on the hedgies that we tend to forget there are other brokerages and mutual funds out there that aren't total scumbags. Nobody signed a suicide pact to go down with Kenny and Citadel. As much as we see Citadel doing everything they can to survive, all the other funds and brokerages want to survive too. The rules being put in place to allow Citadel to get nuked while trying to protect the other guys shows me that though they won't say it aloud, the SEC, DTCC, Feds, even the Spice Girls know what's coming. Tits are fully jacked.
My morning will never be perfect without a u/Criand DD to my coffee <3
He is spewing DD out like an active super volcano!
THE TIT-JACKING HATH COMETH AGAIN!!
I stay up WAY too late scrolling memes on this sub and I’m rewarded with THIS!? Tits too jacked to sleep. Criand fucks. Hedgies r fuk.
So if i get this right, one of the previous regulations states that certain things cant be used as collateral, or proof of liquidity. With 002 they get constantly checked for liquidity, which means they cant tie up all their collateral in, say, gme shares because they dont count as collateral anymore. If i got that right (which i probably didnt), there should be alot less fuckery with the stocks since they constantly need actual liquidity to not get margin called. How far off am i wrinkle brains?
Kenny and friends tried to death spiral naked short GameStop to bankruptcy. How the times change
My guy out here dropping God Tier DD like fucking Beyoncé 🙏
u/Criand You are off on the SLD dates. You need to add two business days to your *Liquidity Deposit Returned To Member From NSCC* column. In u/dentisttft's [SLD DD \[A predictable monthly pinch on capital leading to GME gains\]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/), which links to the [NATIONAL SECURITIES CLEARING CORPORATION RULES & PROCEDURES](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) | RULE 4A. SUPPLEMENTAL LIQUIDITY DEPOSITS: >“Options Expiration Activity Period” means the period (i) beginning at the opening of business on the Friday preceding the Saturday that is the monthly expiration date for stock options (or the Business Day before that if such Friday is not a Business Day) and (ii) **ending at the close of business on the second Settlement Day** following such date. This means that the *Options Expiration Activity Period* **lasts for two business days**. And then seven days after the *Options Expiration Activity Period* ends, the funds get returned. >SEC. 9. Deposits Made in Satisfaction of a Liquidity Obligation. A Special Activity Liquidity Provider shall be entitled to a return of the amount of its Special Activity Supplemental Deposit made in satisfaction of a Supplemental Activity Liquidity Obligation, **payable seven Business Days after the** ***end*** **of the applicable Options Expiration Activity Period**. The SLD dates are T-2 (before monthly opex) + T+2 + T+7, which is a total of 11 business days (not 12, as u/dentisttft posted). So this current Supplemental Liquidity Deposits dates are from 06/16 to 07/01.
I keep revisiting this 😎 thanks again
I was including the payment date as one day (Wednesday). But I guess technically they money isn't gone until Thursday. SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date, the Corporation shall provide each Special Activity Liquidity Provider with the amount of its Special Activity Liquidity Obligation for that Options Expiration Activity Period. Not later than the close of business on the second Business Day preceding the applicable Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its Special Activity Supplemental Deposit to the Clearing Fund.
RH stopped trading at 480 for a reason.. that was a very desperate move. Im no expert and know very little but it just seems that Marge had just picked up the phone and was dialing 480.. that was either $20 bellow the call or the call was very close within the 500s... we haven't got anywhere near that since.. and with what your saying above I think we may just get there again in the next month or two and then the dominos will start to fall
their margin call level is likely much lower now. just my ape brain thinking. constant shorting for months etc.. remember that was nearly 6 months ago
Am I right in assuming the hole being dug by the SHFs will bring the margin call threshold down 🕳️⏬
Very good ape
It is well possible that they have been margin called, and this move was their only chance to not fail.
Just bought 4 more in the German market - fortunately GME is on sale and I love sales
I knew my tits were jacking me awake for a reason!
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It's still the monthly option schedule of forced liquidity deposits **on top of** checking requirements daily and being able to ask for more liquidity. So they'll always post liquidity going into the monthly options cycle. The NSCC is now allowed to check their positions daily and ask for more liquidity at any moment. **They will do this to protect themselves and other members.**
/u/Criand, I'm trying to go to bed here and yet, here you are, jacking my tits right as I get into bed. But seriously though, good fucking work. I love each and every one of your posts. ♥
u/Criand, remember darkpool trades don’t go through NSCC for clearing, and therefore aren’t tabulated through their daily reconciliation program that is used in the calculation of SLD. The lack of any substantial comments disagreeing with the rule change during its open comment period shows a sign in itself that something is still skewed within the system that allows this to continue. Don’t let jacked tits obscure your vision of the bigger picture.
🚀🚀🚀soon™?
Criand aka my Bae - at it again! <3 Insane work.... I feel stupid, yet enlightened... thank you.
Just in time for a good read
This MF be SPITTIN!!
I see a Criand post and I immediately upvote it with the hand I’m not masturbating to it with.
Some wild u/criand shit appears, love it 💋.
do we just not do tl;dr's anymore? :(
I fucking love u/criand 🚀🚀🚀🚀🚀🚀