Tag: GameStop News

Occupy the SEC 2023 is Here: What’s Happening?

Occupy SEC 2023: Latest market news - Franknez.com.
Occupy SEC 2023: Latest market news – Franknez.com.

Retail investors are occupying the SEC headquarters in Washington D.C. on January 27th and January 28th from 10am-4pm.

The 28th marks the two-year anniversary of the ‘meme stock’ frenzy of 2021 when Robinhood and other brokerage firms prevented investors from buying more shares of GameStop, AMC, and other heavily shorted stock in order to prevent firms from collapsing.

Regulators interfered with the people’s money by suppressing shares from rising.

Majority of investors within these communities never left, but rather hoped for justice and change in the financial system.

Retail investors have raised the issues of dark pools, OTC trading, and a number of conflicts of interest that pin regular investors to the ground.

Discussions surfaced in 2022 of protesting several SEC locations in the U.S. but never came to fruition.

Some retail investors argued against these actions while many more said they are necessary to get their voices heard.

Here’s what’s happening in the retail community today.

What is Occupy SEC 2023?

protest
Market News: What is Occupy SEC 2023?

The objective of occupying the SEC is to demand changes in the financial markets and to protect retail investors and companies from naked short selling and short selling misconduct.

The nationwide protests will occur on January 27th and January 28th between 10am and 4PM at 12 SEC locations, including the SEC headquarters in Washington D.C.

Outrage filled the retail community when SEC Chairman Gary Gensler confirmed 90%-95% of retail orders are processed in off-exchange platforms where the true demand for retail orders is not being reflected on the lit New York Stock Exchange.

The Wall Street ‘watch dogs’ turned a blind eye to the Madoff events that occurred during the last decade and now they’ve turned a blind eye to naked short selling and several conflicts of interest happening today within the media, hedge funds, and even regulators.

Retail investors are saying ‘we know’ what’s happening and ‘we need you to take care of it now’.

Occupy the SEC 2023 are meant to be peaceful protests.

Communities are tired of their investments in their favorite companies plummeting all because they’ve become targets of aggressive short sellers and manipulative tactics from Wall Street.

Now they’re taking the word to the streets despite gaining much attention on social media.

The lack of market transparency since the events that occurred in January of 2021 have led to these protests.

Occupy SEC 2023 LIVE

You can watch Occupy the SEC 2023 LIVE here.

Retail investors chant “do your job” when referring to the inaction from the SEC.

What is Stopping the SEC from Taking Action?

SEC Chairman Gary Gensler told ‘We The Investors’ he understands retail’s frustrations.

But retail investors aren’t convinced.

The SEC Chairman says that short selling is a challenging area where the SEC is still working and pursuing focus on.

One of the biggest challenges according to Chairman Gensler is that Wall Street powers will send stacks of reports highlighting rebuttals on proposals aimed towards protecting retail investors.

This is primarily because certain proposals aimed to protect retail investors conflict with Wall Street money.

And because these firms are market participants, like retail investors, these documents must be legally reviewed.

The challenge only grows when Wall Street firms open lawsuits against the SEC when certain proposals become a direct hinderance to the way these companies perform.

Regulators are in a massive bind now, facing scrutiny from both Wall Street and the average investor.

FINRA, DTCC Under Retail Scrutiny

FINRA MMTLP

FINRA has received backlash after freezing the trading of MMTLP (Meta Materials) prior to its spinoff.

The self-regulated organization is also responsible for outsourcing ‘best execution’ with the best execution rule, according to SEC Chairman Gary Gensler.

This means FINRA has the power to execute orders in off-exchange and dark markets for ‘best execution’ and ‘price discovery’.

But Gary Gensler says that this rule is too important for it to not be in the SEC’s court.

The organization contains records of every trade made available intraday, including that of naked short sales.

FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes.

However, they’re the open window that allows these manipulative strategies to occur in the market.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

FINRA’s justification towards FTDs say that firms face challenges related to miscalculations.

But Chairman Gensler says this is too important for it to not be handled directly by he and his team.

DTCC Conflicts of Interest

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.

SEC Chairman Gary Gensler has said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.

How can investors support the cause?

Retail investors

Retail investors have been supporting the cause for years now by distributing news and information that sheds light on real issues.

Franknez.com is a media blog that supports retail investors and protects the retail community from mainstream media propaganda.

You can raise awareness in your community by sharing this article, and others, or by using hashtag #OccupySEC2023 on social media.

Advisory: This article is intended for educational and informational purposes only. This article is not advocating violence of any kind during these peaceful rallies.

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Franknez.com is the media blog that keeps retail investors informed.

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GameStop Says 30% of Shareholders Have Registered Their Shares

Market News: At least 30% of GameStop shareholders have registered their shares.
Market News: At least 30% of GameStop shareholders have registered their shares.

GameStop says at least 30% of its shareholders have registered their shares with the Direct Registration System (DRS).

According to the filing, approximately 30% of GME’s float is registered equating, to 71.3 million shares.

The efforts from retail investors come as a means to prevent manipulative short seller attacks.

GME stock is trading at $21.66 on Monday with trading volume surpassing the company’s average volume of 5.1 million.

Shares of GameStop (NYSE:GME) are up +26% this year-to-date, a great start to the new year.

On Monday, GameStop shares have risen more than 11% intraday where shares rose to nearly $22.50.

GME’s short interest is currently sitting at 23.55% with approximately 95 million shares out on loan.

This means that despite DRS, the game retailer continues to be heavily shorted.

GameStop Ownership Structure

How much of GameStop’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop Ownership Structure - Franknez.com.
GameStop Ownership Structure – Franknez.com.

This means nearly 40% of retail investors have not registered their GameStop shares through DRS.

Yet it’s very possible the percentage of GameStop shareholders who have registered their shares has grown in the past months.

GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.

These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership (12% on graph).

Is DRS working out for GameStop shareholders?

It very well could be, considering GME shares are up nearly +26% this year despite having a high short interest rate.

AMC Entertainment (NYSE:AMC) stock on the other hand is up +44% this year despite DRS being significantly less popular within shareholders.

The movie theatre stock is also heavily shorted at 21.96%.

And according to AMC’s CEO, roughly 90% of shareholders own the float.

Where is GameStop headed in 2023?

GameStop 2023
30% of GameStop Shareholders have registered their shares according to GameStop.

GME stock has the potential to have a big year in 2023.

GameStop continues to be a popular company amongst retail investors, primarily due to the massive community of shareholders who are looking to squeeze short sellers again.

During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.

But shareholders are not convinced the stock is done running.

2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.

While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.

Also Read: Occupy the SEC 2023 is Here: What’s Happening?

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

Market News: Conflicts of interest arise - #CitadelScandal
Market News: Conflicts of interest arise – #CitadelScandal

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.

“Anyone shorting AMC or GameStop is out of their mind. Wallstreetbets is too powerful, and trying to bet against them right now is just giving them more ammo”, said Jim Cramer.

Since the halt of ‘meme stocks’, the retail community has been uncovering a variety of conflicts of interest too big to ignore.

Who is David Inggs?

David Inggs DTCC

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, Collateral Management, Reconciliation & Control and Settlements and is on the Board of Directors at the DTCC.

Prior to joining Citadel, David served as Chief Operations Officer of E*TRADE where he led operations globally across Trade Execution, Global Clearing, Middle Office and Shared Services, among other functions.

David spent most of his career at Goldman Sachs, where he was a Managing Director and held numerous leadership positions over the course of a decade, including Global Head of Clearing Operations and Head of Credit Default Swaps and Equity Derivative Operations.

David also worked at Morgan Stanley, where he served as an Executive Director and Head of Global Bank Loans, in addition to work in credit derivatives and collateral management.

The Global Head of Operations at Citadel has worked for every major criminal financial institution that has been too big to face serious consequences from fraud or market manipulation in the past.

Retail investors say this is market injustice and regulators are part of the problem.

Who is the DTCC?

The DTCC (Depositary Trust and Clearing Corporation) is an American post-trade financial services company providing clearing and settlement services to the financial markets.

The DTCC processes trillions of dollars of securities on a daily basis.

As the centralized clearinghouse for various exchanges and equity platforms, the DTCC settles transactions between buyers and sellers of securities.

The information is recorded by its subsidiary, the NSCC.

After the NSCC has processed and recorded a trade, they provide a report to the brokers and financial professionals involved.

This report includes their net securities positions after the trade and the money that is due to be settled between the two parties.

Clearing corporations such as the DTCC may receive cash from a buyer and securities or futures contracts from a seller.

The clearing corporation then manages the exchange and collects a fee for this service.

The size of the fee is dependent on the size of the transaction, the level of service required, and the type of security being traded. 

Investors who make several transactions in a day can generate significant fees.

This means every naked share that has been created on the ‘short side’ has been recorded and bypassed by the DTCC/NSCC, all for a fee.

Related: Robinhood and Citadel Colluded Night Prior to Trading Restrictions

GameStopped

DTCC GME
DTCC GME Halt – GameStopped.

A press released was published advising of the circumstances that occurred during the time ‘meme stocks’ were halted.

The DTCC waived $9.7 billion of collateral deposit requirement on January 28th, 2021, limiting institutional losses and limiting retail profits.

While AMC Entertainment stock was able to surge months after the January event, GameStop shareholders were strongly affected by the halts.

Retail investors say they feel cheated from regulators who failed to let the short squeeze play out in their favor.

Conflicts of interest such as David Inggs’ involvement with Citadel and the DTCC could be seen as a detriment to market integrity.

In an interview with ‘We The Investors’, SEC Chairman Gary Gensler said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.

Citadel processes more than 40% of retail’s orders through PFOF (payment for order flow), and with a bias towards short selling, gives the hedge fund an incredible advantage over the common investor.

Should the involvement between both Citadel and the DTCC be considered a crime?

Or is this just a coincidence?

Leave your thoughts below.

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Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


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Will DRS Trigger a GameStop Stock Short Squeeze?

Will DRS Trigger a GameStop Stock Short Squeeze?
Stock Market News: GameStop shareholders are onto something.

The topic of DRS’ing shares (direct registration system) to trigger a GameStop short squeeze has been heavily discussed amongst the retail community.

DRS enables investors to register their shares through a system such as ‘computershare’ in book form entry directly with the issuer.

The premise is to starve lenders from allowing shares to be lent to short sellers.

No shares to short = organic price increase from retail demand.

Today, it seems more and more GameStop shareholders are jumping in on the bandwagon to secure their shares.

Some retail investors argue that DRS has not proved to create a positive impact on the stock.

GME stock ended 2022 down nearly -50%, shares are currently trading around $16.23 per share, respectively.

According to GameStop, shareholders registered 71.8 million shares via the transfer agent.

The question is, if more shareholders DSR their GameStop stock, will it create a short squeeze?

Let’s discuss it below.

How Many GME Shares are DRS?

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

How much of GME’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop retail ownership
GameStop’s Ownership Structure – Vickers Stock Research.

This means nearly 40% of retail investors have not registered their GameStop shares through DRS.

It’s quite impressive to see the teamwork currently being demonstrated.

But will DRS trigger a GameStop stock short squeeze?

In the end, the goal shareholders are trying to achieve is to create massive price action here.

The debate also surfaced amongst AMC shareholders when CEO Adam announced during Q3 earnings that DRS will prevent the company stock from being shorted.

Majority of shareholders argued selling shares would be a slow process and that it hasn’t quite worked out for GameStop shareholders.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

GameStop Short Interest Today

GameStop short interest

Yahoo Finance is reporting 304.58m shares outstanding and a float of 258.65m shares, see the difference here.

GameStop’s short interest is currently being reported at 20.44% (float) and 17.96% of shares outstanding as of December.

GME’s short interest is considered high and is one of the key components to a successful short squeeze.

The short interest allows us to identify the percentage of investors betting against the stock.

A high short interest means any spike in price may trigger short sellers to close out their positions before accumulating losses.

When share prices rise and get out of hand in favor of the bulls, short sellers are incentivized to buy back their shares at a loss, breakeven, or potential profit (depending on when the position was opened).

This heavy buy-back of shares builds buying pressure which may result in a ‘short squeeze’.

Brief GameStop Short Squeeze History

GameStop short squeeze history
GME short squeeze history – Franknez.com.

On January 28th, 2021, GME shareholders were able to take GameStop’s share price to an all-time high of $483 per share before Robinhood halted further trading activity, particularly in buying the stock.

At the time, AMC surged from $2.50 to $22 per share and then five months later reached its all-time high of $72 per share.

However, GameStop’s short squeeze was well on its way to reach larger and unprecedented number figures prior to the halt.

This event sparked one of the most prominent events in the history of our financial markets.

It opened a door to a series of investigations.

Wall Street fraud, stock market manipulation, short and distort, and various conflicts of interest became the center of attention after the ‘meme stock’ frenzy.

Shareholders retaliated and spurred up a culture unlike anything that has ever been seen before.

Now, GME shareholders are doing whatever they can to keep their shares out of short sellers’ hands by direct registering their shares with Computershare.

Related: GameStop Stock – Big Year in 2023?

GME Shareholders Are Onto Something

Will DRS trigger a GameStop stock short squeeze?

The registration of 71.3 million GameStop shares is impressive.

But GME shares keep dropping.

Ultimately, it will be heavy buying pressure from retail investors that will trigger massive price movement in the company stock.

How soon will we begin to feel that Roaring Kitty sense of relief again?

Only time will tell, but I’m curious to hear your thoughts.

Leave a comment down below.

GameStop Stock Short Squeeze – Roaring Kitty.

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GameStop Stock: Big Year in 2023?

Market News: What is happening with GameStop stock in 2023?
Market News: What is happening with GameStop stock in 2023?

GameStop stock is one of the few companies who actually crushed in during the bear market in 2022.

The stock, currently trading at $18.40, amassed worldwide attention in 2021 when the ‘meme stock’ frenzy took Wall Street by surprise.

Today, GameStop has one of the most raving fanatics and shareholder base which without a doubt are the backbone of the company.

How much of GME’s float is owned by retail investors?

Approximately 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop retail ownership

GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.

These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership.

So, where is GameStop headed in 2023?

Let’s break down some important figures to determine just that.

Where is GameStop Headed in 2023?

where is GameStop headed in 2023?

2022 was another memorable year for GameStop.

Under Chairman Ryan Cohen and CEO Matt Furlong, it was the first year of the implementation of the company’s turnaround plan, which aimed to transform GameStop into a tech-oriented business.

This consisted of investment initiatives in e-commerce, an NFT marketplace, and Web 3.0 gaming.

But the company needs to focus on raising more capital despite its $1bn cash pile and having virtually no debt.

GameStop’s quarterly cash burn averaged at $400 million per quarter throughout 2022.

This means that if the company’s operating cash flow remains at similar levels next year, GameStop’s balance sheet could run out of cash in the next two years.

Over the last four quarters, GameStop’s sales have grown only by 1.3%.

Still, what made 2022 so significant for GameStop is the reporting of positive cash flow for the first time since Q1 of 2021.

Cashflow came in at $177.3 million this year compared to an outflow of $293.7 million last year.

This is already great news for GameStop going into 2023.

In 2023, GME stock will remain popular amongst retail investors, primarily due to the massive community of shareholders who are looking to take GameStop shares to the moon.

During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.

But shareholders are not convinced the stock is done running.

In fact, many GME shareholders believe share prices may skyrocket to new records, primarily due to overleveraged shorting in GameStop.

According to GameStop, shareholders registered 71.8 million shares via the transfer agent.

This equates to a massive 30% of GameStop’s total float – something that’s very unlikely in the markets.

Transfer agents can’t lend shares for short sellers who want to bet against GameStop.

The high number of market participants taking this action signifies that retail investors are here to stay.

Final thoughts

Join the newsletter below for more market news and updates.
Join the newsletter below for more market news and updates.

2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.

While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.

Even at a fundamental level, analysts are predicting GameStop stock to rise significantly higher next year.

But I’m curious to know your thoughts on where GameStop stock is going in 2023.

Leave your thoughts down below.

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Retail Investors are Rising Against Wall Street Corruption

Retail investors are rising against Wall Street
Market News: Retail investors are raising awareness of market injustices.

I’ve been fortunate enough to have seen the rise of retail investors for the better part of 2+ years against Wall Street.

Conflicts of interest amongst Wall Street, banks, and mainstream media were uncovered during the ‘meme stock’ frenzy in January of 2021.

But it didn’t stop there.

Throughout 2021 and 2022, the retail community has raised awareness of market injustices, claiming the SEC’s chairman Gary Gensler has only been complicit to the illicit activities that occur on Wall Street.

The disadvantage retail investors have over hedge funds has never been clearer.

Between naked shorting, FTDs, OTC trading, Dark Pool trading, PFOF, and short and distort campaigns, the cat has been out of the bag.

The question now is what is being done to tackle the problems retail investors are facing?

Wall Street has been able to take advantage of the little guy through the predatorial practices mentioned above with no repercussions from regulators.

Will retail investors continue to rise against Wall Street in 2023?

There are no doubt activists will continue to push reform until there is real change that levels the playing field for retail.

People Are Waking Up to Mainstream Media

Elon Musk has been calling out mainstream media on Twitter for misleading information or ridiculous hit pieces.

The impact Elon is having on Twitter is something that has not been seen.

He’s been able to raise awareness by simply ratioing mainstream media accounts, often times putting them in their place.

People have always voiced their opinions and concerns with mainstream media, but now the people have the biggest influencer in the world backing them up.

Citizen journalism has already been exponentially rising as blogs and independent media websites begin to report what mainstream media is failing to report.

The people are now following more sites such as Franknez.com and Nezmediacompany.com for market news and retail updates.

Mainstream media has been used by big financial institutions to push agendas that cater to their financial interests.

In a CNBC exclusive, Elon Musk says “hedge funds have used short selling and complex derivatives to take advantage of retail investors.”

This is something retail investors who purchased so called ‘meme stocks’ last year found out very easily.

The complex derivatives Elon is referring to could be an array of things such as options trading, HFT, swaps, borrowed stock, and even naked shares.

The Tesla CEO says hedge funds will short a company, conduct negative publicity campaigns to drive the stock price down, then cash out and do it multiple times over.

This tactic is what’s known as “short and distort”.

Hedge funds impose their influence on corporate media such as The Fool, Wall Street Journal, and MarketWatch to scare people out of their money.

How Can Retail Investors Make a Dent?

Wall Street and Mainstream Media | Wall Street corruption.
Wall Street and Mainstream Media | Wall Street corruption.

Retail investors will have to continue to raise awareness when activists and citizen journalism demands it.

But even retail investors have had their better days, with some even refusing to give their viewership to independent hosts and journalists simply due to capitalization involvement.

Retail investors have more power than they know, but it only combats mainstream media when they support citizen journalism or independent hosts working on spreading the truth.

The people will rise against Wall Street corruption, with or without independent journalists and platforms.

Though more can be done with the latter.

Related: Elon Musk: Hedge Funds Tank Stocks Using ‘Short and Distort’

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Billionaire Investor Carl Icahn Bets Against GameStop

Carl Icahn Short on GameStop
Stock Market News: Carl Icahn is short on GameStop shares.

Billionaire investor Carl Icahn began shorting GameStop during the height of the ‘meme stock’ frenzy around January of 2021.

Carl Icahn still holds a large short position in GME stock, according to people familiar with the matter.

Icahn started building the short position when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said people, asking not to be named due to the matter being private.

The billionaire investor who has added to his position from time to time is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, insiders said.

Here’s the latest GameStop news.

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Ryan Cohen Posts Picture with Carl Icahn

GameStop chairman Ryan Cohen posted a picture with Carl Icahn in October which many shareholders anticipated as bullish future news.

People began to speculate Carl Icahn was going to buy GameStop shares.

Little did shareholders know that the multi-billionaire investor has been betting against GameStop since the beginning of the ‘meme stock’ frenzy, per Bloomberg.

At the time of the photo, neither individual confirmed that Icahn would take a stake in the retailer.

In January 2021, Ryan Cohen was appointed Chairman of the video game retailer.

As of March 22, he owns a total of 36.4 million shares of GameStop through his investment firm, RC Ventures, making him the largest shareholder.

GameStop shares closed at $25.16 on Monday, down -8.84% on the day.

Related: Shareholders Are Preparing for An AMC Short Squeeze

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GME Stock Sees a Massive Increase in Trading Volume

Stock Market News Today: GME Stock gets halted during surge.
Stock Market News Today: GME Stock gets halted during surge.

GME stock saw a massive increase in trading volume on Monday when the stock jumped to nearly $35 per share.

The surge came after S3 Partners CEO announced GME stock could go parabolic if it rose to $30 per share.

GameStop was halted twice on Monday after the market opened and has slowly trended downward since.

The stock was forced to lose its momentum despite the heavy trading volume seen early in the trading day.

GameStop’s volume surged nearly 5 times its average trading volume on Monday but was prohibited from surging.

GME Stock Halt October 31, 2022.

Retail investors are calling S3 Partner’s announcement a setup, or trap to burn shareholders.

But Wall Street can easily create a big sell order in the market despite of heavy volume from retail, the question here is why not go long with them?

Last year, GameStop and AMC shareholders were able to inflict hedge funds who were betting against the two companies with billions of dollars in losses.

Are retail and hedge funds at war with one another?

It certainly seems so.

Is a GameStop Short Squeeze Likely?

GameStop short squeeze

Despite the market advantages financial institutions have over retail investors, large continuous volume over a period of weeks could trigger bigger price action for GME stock.

One-day rallies of heavy buying volume isn’t enough to combat market makers.

Like last year, it’s going to take continuous buying pressure to compound the momentum that will likely result in a GME short squeeze.

But I’d love to know your thoughts on the matter.

Leave a comment down below.

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S3 Partners CEO Says GME Stock May Squeeze Again

GME Stock squeeze | S3 Partners GME parabolic news.
GME Stock squeeze | S3 Partners GME parabolic news.

S3 Partners CEO Bob Sloan said in an interview with Yahoo Finance that if GME stock goes above $30, “you could see something parabolic”.

Yahoo Finance asks the CEO if there is enough short activity or short volume in GameStop’s float to cause something at scale like what we saw in the beginning of 2021.

Bob Sloan says that if you look at GME, there is still one to two billion short on the stock.

He then warns that if the stock goes past $30, it’s very likely we see some massive upside.

Will GME Stock Squeeze in 2022?

GME Stock squeeze | S3 Partners GME parabolic news.
GME Stock squeeze | S3 Partners GME parabolic news.

S3 Partners CEO Bob Sloan says there’s a great probability of GME Stock going parabolic if it hits $30 per share due to the massive amount of short activity currently present.

S3 Partners provides data and predictive analytics.

The company also provides accurate and real-time short interest; logging how much is being borrowed or loaned in a float.

The high short interest in GameStop is what caused GME stock to skyrocket in late January of 2021.

Short sellers were forced to close their positions in GME stock when retail investors were able to push the stock price up as a collective.

The short covering further fueled the momentum and GameStop shares flew to nearly $400 per share.

AMC Entertainment had a similar occurrence when shares jumped from $2 per share to $20 per share.

In June, AMC rose again from $14 per share to its current all-time high of $72 per share.

Retail investors holding both stocks have been buying and holding for over a year now, anticipating even larger moves.

Related: AMC's Social Media Move is A Sleeping Giant

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GME Stock squeeze | S3 Partners GME parabolic news.

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Or are we merely looking at another simple price runup.

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GameStop Short Sellers Eat $443.4m in Losses

GameStop Short Seller Losses
Market News: GameStop Short Seller Losses | GameStop outperforms S&P 500

GameStop short sellers are having one of the worst months this year.

Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC.

Hedge fund Melvin Capital closed earlier this year when it failed to recuperate from its losses shorting GameStop last year.

S3 Partners, LLC recently released a report showing AMC short sellers have lost more than $1 billion this year so far.

It seems financial institutions have not learned their lesson this year.

Here’s the latest market news surrounding GameStop and short seller losses.

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GameStop outperforms the S&P 500

GameStop outperforms the S&P 500

The market has been down all year, but GameStop has managed to outperform the S&P 500 index.

The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date.

Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot.

On the 6-month chart, GameStop is up +42% and SPY is down -8%.

The one-month charts are fairly similar with both up about +2% in July.

And with GameStop’s stock split making the stock more affordable, it’s fair to say more investors will be jumping in on it.

It’s very possible GameStop short sellers end up getting caught at the wrong end of the trade again as the third quarter ends and we transition towards Q4 in October.

According to a report published by S3 Partners on July 21, GameStop has been among the top 10 most unprofitable stocks for short sellers during July 2022.

Other companies on that list include:

  • Tesla
  • Apple
  • Amazon
  • Nvidia
  • Visa
  • Coinbase
  • Lucid
  • Meta
  • Microstrategy
Most unprofitable shorts July 2022
Most unprofitable shorts July 2022

The loss of -$443,463,550 is equivalent to a net loss of -24.22%.

Tesla, Apple, and Amazon had the most unprofitable shorts for the month of July, netting billions in losses.

Related: List of The Best Stock Tickers to Day Trade

Retail sentiment in GameStop

The retail sentiment in GameStop is still rather strong and bullish.

And because GameStop’s reported short interest is still quite high at 23.86%, it’s very possible big momentum is able to squeeze the remaining short sellers from their positions.

Another short squeeze is still very possible for GME stock.

Are you a shareholder?

Leave your story in the comment section of the blog down below.

Related: How to Invest in The Stock Market for Beginners

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