Tag: AMC Apes (Page 3 of 34)

TD Ameritrade Reports 40.25% AMC Short Interest

TD Ameritrade AMC Short Interest Glitch
Market News: TD Ameritrade AMC glitch.

Screenshots from TD Ameritrade have come up on Twitter of AMC’s short interest at 40.25%.

Ortex is reporting AMC to have a short interest of 16.99% (2021 Archive).

So where is TD Ameritrade pulling up this information from?

They actually have a response to that.

franknez.com

Welcome to Franknez.com – the ape community has mentioned from time to time that a lot of the data provided by financial institutions is skewed. Here’s an example that happening right now.

“Our news and research is provided by Third Party Vendors”

So, why is this short interest data important?

Retail investors rely on the short interest data to determine how much of a company’s float is being shorted.

The short interest that Ortex is reporting is significantly less than that of TD Ameritrade’s.

TD Ameritrade’s short interest data is more than double that of Ortex.

Short interest data also enables us to see how much ‘squeeze potential‘ there is in a heavily shorted stock.

At least to a certain degree.

So if we have sources reporting masked or hidden short interest data, it’s deceit in many accounts.

Or is this simply a glitch from TD Ameritrade?

TD Ameritrade AMC Short Interest Tweet
TD Ameritrade AMC Short Interest Tweet

The ape community is questioning why ticker symbol AMC is the only stock that has had a significant number of glitches throughout the year.

Or are the real numbers being masked to divert the public from jumping in on this short squeeze play.

Afterall, hedge funds have begun closing, with many losing billions this year.

Read: Anchorage Capital closes after betting against AMC stock

Where is this data coming from?

The data comes from MorningStar but both TD Ameritrade and ETrade experienced this anomaly in their system.

TD Ameritrade AMC Short Interest 40.25
TD Ameritrade AMC Short Interest 40.25

According to TD Ameritrade, this was a glitch in their system.

However, the data would have not been changed unless the retail community pointed it out.

Was this a mistake on their end that retail was not supposed to see?

Or was this legit one of several glitches that has been occurring specifically for AMC Entertainment stock?

I’d love to know your thoughts in the comment section below.

The broker is stating their technology team is working to correct the information but have no ETA as to when the correct data will be restored.

Why so many glitches with AMC stock?

AMC Entertainment has been experiencing several glitches throughout 2021.

They have varied from skewed data such as the short interest, to chart patterns, and even share price.

The ape community has concluded over the months that AMC’s short interest data is significantly higher than what is being displayed.

Lou from the YouTube channel has even concluded that AMC’s share price is being masked and could be in the hundreds to even thousands of dollars per share.

Now, while these are rather extreme claims, it’s not difficult to understand why such claims have been made.

AMC is one of the most overleveraged stocks from hedge funds shorting it.

Millions upon millions of shares have been borrowed to short it all year.

The feds have now begun investigating short selling practices and are tackling hedge funds who pose systemic risk.

As more hedge funds close, and others continue to bleed their customers, retail investors suspect they will do everything in their power to deceive retail from squeezing them from their short positions.

An interesting narrative, but a very likely one just as much.

What other glitches have you seen in AMC stock?

franknez.com

Out of the several glitches that have occurred, what other glitches do you recall seeing in AMC Entertainment stock?

Leave a comment below.

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Robinhood and Citadel Colluded Night Before Trading Restrictions

Robinhood and Citadel Colluded
Market News: Robinhood and Citadel colluded before ‘meme stock’ restrictions

The U.S. House Committee on Financial Services just published a press release stating Robinhood and Citadel Securities engaged in ‘blunt’ negotiations before the trading of ‘meme stocks’ occurred.

The press release states that talks regarding lowering PFOF (payment for order flow) rates happened just a night before trading restrictions.

Robinhood and Citadel GameStopped Report
GameStopped Report Notes

The “GameStopped” report issued by the U.S. House Committee on Financial Services greatly details how the NSCC saved Robinhood from defaulting due to failing to meet collateral obligations.

This article is going to highlight key points relating to the ‘meme stock’ halts that occurred in late January of 2021.

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Let’s dive right into it.

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GameStopped Report – U.S. House Committee on Financial Services

Robinhood and Citadel GameStopped

The GameStopped report highlights Robinhood’s lack of liquidity, conversations between Citadel and Robinhood, and the process leading to the halting of ‘meme stocks’ such as AMC and GameStop.

On January 28th, 2021, Robinhood routed orders to six market makers for equities: Citadel Securities, G1 Execution Services, Morgan Stanley, Two Sigma Securities, Virtu, and Wolverine.

Citadel, Morgan Stanley, and Wolverine are short on AMC to this day.

The conversations between Robinhood and Citadel were tense as the two negotiated the price of PFOF rebate rates and price caps for AMC and GameStop.

Furthermore, Robinhood received a massive waiver of its deposit requirement from the DTCC.

And according to the report, without this waiver, Robinhood would have defaulted on its regulatory collateral obligations.

NSCC officials say the waiver was necessary to avoid systemic risk to the market.

They explained that the extraordinary spike in ‘meme stocks’ contributed to increased clearing fund requirements for several firms.

Trading Restrictions Chart - GameStopped
Trading Restrictions Chart – GameStopped

Brokers halted the buying of AMC, GameStop, and other tickers when short sellers began to close their short positions, causing share prices to skyrocket.

The halting occurred due to a lack of liquidity where certain brokers were unable to cover the minimum collateral requirements.

The DTCC waived a total of $9.7 billion of collateral deposit requirements on January 28, 2021.

Global Head of Operations at Citadel Has a Board Seat at DTCC

David Inggs Citadel DTCC

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC.

The conflict of interest has raised big concerns amongst the retail investor community online as Citadel has been a leading and one of the biggest short sellers in the stock market.

On January 28th, 2021, The DTCC waived $9.7 billion of collateral deposit, limiting institutional losses and limiting retail profits during the ‘meme stock’ frenzy.

The organization allowed several naked shares to flood the market prior to the massive jump in share prices only to help financial institutions in the end.

Citadel and Melvin Capital who shut down last year, lost billions during the event.

Melvin was crippled throughout 2022 from its severe losses in GameStop the year prior.

Had the DTCC not stepped in, the hedge fund would have closed that same year.

Retail Feels Cheated

GameStop - GameStopped
Robinhood and Citadel colluded prior to restrictions

Retail investors feel they were robbed when brokers took away the ‘buy’ button by restricting trading in AMC, GameStop, and other ‘meme stocks’.

The DTCC jumped in and saved Robinhood from defaulting, cut Citadel’s losses short, and prevented retail investors bets from reaching maximum potential.

No one has been held accountable for these actions primarily because the system is justifying the actions as saving the market from total collapse.

But the system stole from retail investors to save institutional investors.

Regulators intervened to save institutions while they capped retail investor gains.

Still, hedge funds lost billions of dollars during the process.

GameStop broke Melvin Capital.

The hedge fund was not able to recover from its massive losses and has now shut down.

But Citadel nor Robinhood have faced any severe consequences that money can’t buy them out from.

Retail investors are now looking at our government and regulators as complicit to fraud and market manipulation.

You can view the full detailed report here.

What are your thoughts on the incidents that occurred during this time?

Leave a comment down below.

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