Any idea how this would effect us? Old rule from the 80s, saw it called out in a blog. Person didn't say anything about it, imagine it has some significance though.
These people are more than hypocrites they are gangsters and don't work to regulate the banks and wall street they regulate any competition at the behest of the wolves.
https://www.forbes.com/sites/stevedenning/2018/07/08/u-s-senators-challenge-the-s-e-c-on-share-buybacks/#55eeb4538f8f "share buybacks used to be considered illegal as they constituted obvious stock price manipulation. But they were effectively legalized in 1982 by a hard-to-understand SEC regulation: rule 10b-18"
If you want ETF and SEC approval then you are living in a delusional world cause the financial oligarchs and their captured regulators will never have an even playing field. Their only concern is how to fleece the middle class.
I am sick and tired of people ignoring the facts. buybacks will gut america's middle class and working class mark my word and that is the purpose. Boom and bust cycles are completely engineered and most people still look to these folks as sincere.. They are not and they are also suppressing bitcoin and gold both but within the next few months .. Kansas is going by by.
Rob productivity and use debt to manipulate stocks will not end good. Bitcoin is not the best solution it's the only solution. If you don't own your own keys it's not yours and the price of spot will eventually separate from derivative counterfeit paper coins.
How It will this impact to the $INO price?
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001055726/d25ad3a9-e47c-44d1-be42-309664b209f1.pdf
Hello, so as you can imagine UWMC flew to the moon on a day where the market shit the bed. So, what happened? We're seeing the beginning of a huge squeeze in the very early stages. I'm just going to go through a factual explanation and some numbers.
On the earnings call yesterday, the CEO of UWMC (Matt Ishbia) stated that they would start the buyback starting tomorrow pending the rules.
What rules are there for stock buybacks? Well, the relevant one is Rule 10B, and they regulate stock buybacks. Why is this important?
Well, UWMC had an over 15% short interest, and that was recorded for April 30th. After RKT's earnings on the 5th, and LDI's on the 3rd of May, and looking at UWMC's share price tank after these two reported earnings... We can well imagine that the short interest increased since then.
Let's discuss what's going on then first shall we. Rule 10B is a safe harbor provision for stock manipulation in regards to buybacks, and if you follow them you're generally safe. One of these requirements is in regards to how many shares you're allowed to purchase on a given day. That number is 25% of the average daily volume. The average moving volume for UWMC right now is 5.64 Million, which means that UWMC could have bought up to 1.41 Million Shares worth of Stock. Volume today was 8.91 Million. That means that there could have been up to an extra 3.27 Million Shares of additional volume? My guess is that it's a mix of hedge fund bulls who smell blood in the water, and momentum traders from WSB or more generally.
What does that all mean however? Well, usually there is volatility crush after Earnings, but UWMC remained highly volatile after earnings with a IV above 100%. That, combined with the massive amount of buys today means that the interest rates to borrow shares have mooned from 3-5% to 34.9% per annum. That's a huge increase. However, the shares available to short according to IBorrowdesk has actually gone down significantly. What that means is that the shorters are still in the game, so to speak.
Some of you are wondering what happened from 3:45PM onwards, and there's actually an explanation for that too, and it's rooted in Rule 10B. Under Rule 10B companies with higher average trading volume or public float value can trade until the last 10 minutes. The shorters in the stock thus felt safe enough to borrow more shares to try to bring down the shares. If you see on IBorrowdesk the available shares went down from 2,000 to 800, before bouncing
... keep reading on reddit ➡Welcome. This is your 13-minute Tuesday report in 3339 words.
##Security Council publishes parts of audiotape from Onik Gasparyan's report on 4th day of war
Context here. TLDR: After the war ended, the now-former army chief teenager Onik Gasparyan published an "I told you" letter. The teenage government responded with "you didn't tell us jack sh!t" letter.
After publishing Onik's September 30th (4th day) briefing details last week, today the Security Council published parts of the audiotape from the meeting.
In it, Gasparyan gives a positive assessment, saying the overall situation hasn't changed, the enemy has made no advancements, the Armenian army continues to do its duties, and that Armenians organized a successful small counter-attack in Jabrayil.
Onik's side: Onik earlier said that he reported that the war should be stopped within days, if the intensity of the Azeri-Turkish attacks remain the same because the initial attacks destroyed large portions of the Armenian weapons arsenal. Onik is unhappy that the Security Council only declassified the part that fits its narrative.
Government's side: Pashinyan said that after learning that they sustained heavy losses in the first few days, they purchased weapons and ammo to supplement the reserves, which allowed them to keep fighting. The army later reported that the enemy attack intensity subsided down after the initial heavy wave (Onik's concern was that the intensity was heavy in the first days). Onik gave a positive outlook for the Armenian army during the September 30 Security Council meeting, which lead to the decision to continue to fight.
(The truth is likely somewhere in between, with each side presenting only parts of the meeting that backs up their claim.)
Audio: https://youtu.be/LRqnk8dRGAg https://armenpress.am/arm/news/1049607.html https://youtu.be/YvueLIdISLU
##alternative to 2-year army conscription
During the Vayots Dzor trip on weekened, Pashinyan spoke about the army reforms and a need to hold discussions about the possible changes to army conscription terms.
Ruling QP MP said these are only ideas and that there should be a discussion over various options. The one mentioned by Pashinyan was about 3 months of service every 5 years, instead of one long 2-year service
... keep reading on reddit ➡TL/DR -- Keep Doing What You're Doing ... Buy What You Can, When You Can And Hodl Until The End ... NFA
As much as I'd like to think I've reached a state of ape-zen that makes me impervious to the psychological warfare the hedgies bombard us with, today fucking pissed me off. How we go from record-breaking earnings reports and being up as much as 11% in the fucking premarket to closing at -6% just baffled me so I did some digging.
Thanks to a discussion in The AMC Chat (go updoot and come back) I noticed an anomaly (I think) in the VWAP
https://preview.redd.it/tguukzddwlg71.png?width=258&format=png&auto=webp&s=efcca4cccc7c90ed051629252cf7e955be8ff779
For the smooth brains out there, the VWAP basically tracks the average price an AMC was traded for that day. From my very limited understand of it, the share price and the VWAP typically stay pretty close to each other. Any apes out there that understand the colored crayons more than me are welcome to weigh in this. Nonetheless, the conclusion I'm drawing is that in a fair market, an AMC would have closed at around $34 today.
When I looked at AMC's stats for today, it confirmed that the average share price was $34.116, we had a volume of 115.82 million and a turnover of 3.95 billion shares today. Seems to me like we should be in the green.
https://preview.redd.it/2hhfgrvmxlg71.jpg?width=356&format=pjpg&auto=webp&s=55bcd912c19e249fe067cd2922511201daf99d24
Now I know they pride themselves in coming up with new and ingenious ways to fucks us so none of this really surprised me but I do like confirming my own confirmation baises with biasly confirmed confirmation, I decided to do some more digging on this odd lot fuckery.
I backed off the one minute charts and started examining the numbers reflect on the hourly candles as the candles are reflective of the share recorded in the bid/ask spread.
Let's take a closer look at the figures in the hourly candles now:
>1st Hour
>
>VOLUME - 16.97M
>
>TURNOVER - 610.083M
>
>
>
>2nd Hour
>
>VOLUME - 9.463M
>
>TURNOVER - 324.724M
>
>
>
>3rd Hour
>
>VOLUME - 5.689M
>
>TURNOVER - 196.50M
>
>
>
>4th Hour
>
>VOLUME - 3.383M
>
>TURNOVER - 114.947M
>
>
>
>5th Hour
>
&
A lot people are raving about Mel Robbins’ 5 sec rule which says: If you have an impulse to act on a goal, you must physically move within 5 seconds or your brain will kill the idea.
I find it hilarious that this is actually encouraging neurotypical people to adopt a bit more of the adhd impulsivity 😂
Some days I have that happen automatically. For example the first 5 sec I think I will make instant coffee the second 5 sec I think no I will use a capsule instead. This is when I immediately act by putting the capsule directly into the mug not the machine.
I've been studying for my securities regulation exam but am still having trouble understanding the exact difference between the elements of common law fraud and the elements of a Rule 10b-5 claim. If anyone can break down the elements of each claim and what the difference is, I would REALLY appreciate it!
DD
I watch option price / stock price as a metric to tell when a big move is about to happen in a stock. Over the past few days $BYSI caught my eye because a call option a month out is over 30% of the price of the stock outright. I usually only see this with stocks that are absolutely about to explode - for instance I saw this with AMC and the first short squeeze last winter, and I just saw it with other multi baggers RECENTLY. Basically when there is such a wild premium on a stock no one is really talking about, someone knows something and something big is going to happen. Check out the option prices on your own & this is very similar to $ccxi price action except the upside potential is multi bagger.
Let’s chat short squeeze because every idiot loves that shit. There are currently 4.6 million shares shorted out of 20 million available public float, 9.8 million shares held by institutional investors, 19 million shares held by insiders out of 39 million total available shares. Roughly 5 million float held by others including retail which shorts need to cover from public market.
There is no dilution & bysi already have 200m contract from china. Also this drug is expected to have china approval in addition to Fda & Europe. Expecting another deal from $Lly which is worth billions and couple of major pharma has partnered with other pipeline studies with bysi.
Now the juicy bits. BYsI has a globally recognized treatment for chemotherapy induced neutropenia and non small cell lung cancer. This could treat millions of patients, with billions of dollars in revenue if approved. The PDUFA date is Nov 30th, and will act as a binary event potentially tripling this stock price in conjunction with a short squeeze. Price estimates are 50-100 by funds upon approvals.
Recent hiring for commercial leaders and partnership agreements gives clue that the company is getting ready for distribution & scaling.
Checkout their recent announcements & data publications their odds of approval is real high just because there hasn’t been any meaningful im
... keep reading on reddit ➡
Am I correct in thinking that the SEC rule which forces broker-dealers to have way higher collateral available when engaging in securities lending coincides with the news that Gamestop just announced regarding their selling of 3,5 million shares in the last couple of weeks? If so this is bullish AF and would be a 9000 IQ play by Gamestop to have the dates for these events line up
