jeromepower

jeromepower

Just because the price is going down does not necessarily translate to retail investors selling. This could be due to short ladder attacks. Short ladder attacks are manipulation tactics used by hedge funds to engineer FOMO. It is done when hedge funds keep selling to each other back and forth giving the illusion that price is heading lower, but in reality they are...

jeromepower

This is another example of a running flat. I know the candle sticks wont follow the exact patterns but it helps one with forecasting. The yellow highlighted patterns are called bars pattern. Its a great tool and one of my favorites.

jeromepower

Growth tech stocks are taking a serious beating. Facebook is no stranger to this. Expect a drop to 250. Mark my words tech will be experiencing a further sell off! Strong negative correlation between AMC and FB.

jeromepower

In order for this running flat correction to be complete a retest of $215 would have to be in the cards. Only then would we enter the big long! I would start looking for calls only after the retest of $215. This MSFT pattern is called a running flat.

jeromepower

With AMC continuing to climb I expect further downside from the tech sector. AMZN should naturally follow the decline. I see a potential bear flag on the 1h time frame.

jeromepower

Noticed a fractal pattern on AAPL (in yellow)

jeromepower

By now you know it will be a bumpy road ahead. The squeeze isn't is a once in a lifetime event; however, it will last longer than one day. The shorts will not be able to cover all their shares in one day. This could translate into AMC exhibiting wild swings. Nobody knows exactly what price AMC could go to, but it would not surprise me if AMC suddenly went to 50$...

jeromepower

Liquidity test tomorrow DTCC (may13th): NSCC-2021-002 Its getting incredibly harder for hedge funds to short shares!

jeromepower Updated 

As you can see the there is a significant negative correlation between AMC and the SPX500. Simultaneously the VIX and AMC have a high positive correlation. If AMC goes up even a little this could send the entire market downwards. I believe this correlation is due to the fact that as a hedge fund you engage in short and long strategies. However, hedge funds have...

jeromepower

It costs us apes nothing to buy and hold. They’re screwed!!! The hedge funds have the most severe financial catch 22 in modern history!

jeromepower

Further drop on NAS100 maybe? I'm seeing another bear flag. We might be heading into correction territory. With AMC going up the markets tends to contract. There seems to be evidence at the 5% level of significance that the AMC and GME are inversely correlated with the market as a whole. The VIX tends to rise as well which is the case right now.

jeromepower

You're probably wondering why short borrow fee rates differ from Ortex and other sources such as Fintel and Stonk-O-Tracker. Ortex stated that they have data that covers 85% of global security lending whereas the other sources only cover a minute basket of brokers. This is why the short borrow fee on Ortex is estimated at over 200% and other sources are showing...

jeromepower

Short borrow fee rate nearing 80%!!!!!!!!! This AMC fiasco has got me thinking. With a short borrow fee rate of that magnitude why would I "a hypothetical hedge funds investor" want to keep my money in a hedge fund that would be paying 80% on an annual basis in fees alone. That fees would significantly reduce my return in the hedge fund. Then I remembered hedge...

jeromepower

There are no more available shares to borrow as of 18:16. Fintel is currently displaying N/A in place of the short borrow fee. Source: amc.crazyawesomecompany.com fintel.io

jeromepower Updated 

It appears the SEC is listening to our requests. The SEC is reportedly closing down dark pools. Someone on reddit by the name of u/vLVw8MFI4P7SL2g9AW7u discovered this while browsing the NYSE webpage. The NYSE were the ones that placed the request for the shutdown to be implemented in 14 days. Stay tuned! If you like what you see why not support us? 👇

jeromepower

u/dlauer has posted since then and noted that "NYSE has nothing to do with dark pools. NYSE is a lit exchange regulated under the Exchange Act, while dark pools are "Alternative Trading Systems" regulated completely differently (a combination of the SEC and FINRA)." My apologies. 😢

jeromepower

Good afterMOON fellow apes! Last week it was announced that Blackrock bought more AMC. This isn’t necessarily positive news. I think Blackrock is playing both sides. On one hand they’re buying the shares (27 million shares) in preparation possibly of the squeeze and on the other they could be loaning these shares given the anticipation of the borrow frees rising....

jeromepower

Institutional ownership data shows that there was an inflow of $281M and an outflow of $1.18M. You might be wondering, if thats the case why isnt the price going up Although theres no concrete evidence of it most people are theorizing that it could be linked to synthetic shares. Naked shorting to this magnitude was outlawed in 2008 during the financial crisis....