What’s Going On With GME???

[cyndaquil]

When though? The sec let’s them get away with this sh!t, it’s so frustrating

Hold it could pop off tomorrow or 5 years from now

 

[bnew]

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

www.ft.com

snippet:

On June 17, 12 days before he was sentenced to 150 years in prison, Mr Madoff sat down with David Kotz, the agency’s internal watchdog, and Noelle Frangipane, his deputy, and described to them how shocked he was in 2006 when investigators nearly figured him out but failed to do basic due diligence such as checking with the Depository Trust and Clearing Corp to verify his trades.

“I thought it was the end game, over,” Mr Madoff said, describing his thoughts when he assumed investigators would check with a third party and when they asked for his DTC number. “The jig was up.”

The SEC has faced sharp criticism from all sides for missing numerous warnings about Mr Madoff, but Mr Madoff’s own criticism was as poignant as any. He said he was “astonished” that the “two young fellows” who were poking around his offices did not understand what they were looking for, never looked at his stock records and failed to check with counterparties.

“If you’re looking for a Ponzi scheme, it’s the first thing you do,” Mr Madoff said. “Everything the SEC did prior to 2006 was a waste of time.” Mr Madoff explained that he was saved by the fact that the SEC’s enforcers were too focused on “front-running”, that they never asked to see options contracts and that they did not inquire about his accounting firm.

 

[bnew]

Spoiler: larger images

 

[FaTaL]

Lack of liquidity, hopefully means margin calls

F the hedgies

 

[jdubnyce]

Spoiler: larger images

Break it down for me please

 

[bnew]

Break it down for me please

google bard explaining it..​

The NSCC (National Securities Clearing Corporation) is a clearinghouse for securities trades in the United States. It is responsible for guaranteeing the settlement of trades between buyers and sellers. The NSCC has a number of funds that it uses to cover potential losses in the event of a default by a member.

The statement "A single security displaying idiosyncratic (or concentrated) risk" refers to the fact that GameStop (GME) is a single security that has been causing the NSCC to have to dip into its funds more than any other security. This is because there are a large number of open short positions on GME, which means that a lot of people have bet that the price of the stock will go down. If the price of GME goes up instead, these short sellers will lose money, and the NSCC may have to cover their losses.

The NSCC has implemented a number of rules to try to mitigate the risk posed by GME. These rules include requiring members to make additional deposits to the clearing funds, and allowing the NSCC to force members to close out their short positions if the price of GME gets too high.

The NSCC is concerned about the risk posed by GME because it is a large and volatile security. If the price of GME were to go up sharply, it could cause the NSCC to lose a lot of money. This could lead to the NSCC defaulting on its obligations, which could have a ripple effect throughout the financial system.

Here is an example of how this could happen:

Suppose that there are 100 people who have bet that the price of GME will go down. They have all borrowed shares of GME from their brokers and sold them. If the price of GME goes down, they will make money because they will be able to buy the shares back at a lower price and return them to their brokers.

However, if the price of GME goes up, these people will lose money. They will have to buy the shares back at a higher price than they sold them for, and they will have to pay their brokers interest on the money they borrowed.

If the price of GME goes up too high, it could cause these people to default on their loans. This would mean that their brokers would have to sell their shares of GME to cover the losses.

If a lot of people default on their loans, it could cause the price of GME to go even higher. This could lead to a chain reaction, where more and more people default on their loans, and the price of GME goes even higher.

This is the type of risk that the NSCC is worried about. If the price of GME were to go up too high, it could cause a lot of people to default on their loans, and this could lead to the NSCC defaulting on its obligations.

 

[bnew]

 

[FaTaL]

GME also has earnings weds after hours

 

[ABlackMan]

Man fukk all that how we making some fast cash? All the stock threads I seen on here always be on dead time or AFTER the plane left for you to profit from stocks

 

[bnew]

 

[bnew]

 

[Uchiha God]

 

[The Prince of All Saiyans]

 

[WaveWhisperer]

 

[jdubnyce]