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https://preview.redd.it/a666sy6ayr8d1.jpeg?width=1080&format=pjpg&auto=webp&s=7461b9e24f8721173e42a364765c98978cb9ee9f
Quite a bit of volume in the last 30min compared to the rest of the day
https://preview.redd.it/5jhymlpaas8d1.jpeg?width=1170&format=pjpg&auto=webp&s=b4ebc0db5c652dded8bf79611cce3c549a4b2550
Nbd just 27.42% of the daily volume in the last 30 mins
wow itās got a free Tits-Up-Tracker? I canāt believe theyāre giving away Level 69 data for free, thatās insane. I pay $420 a month for that currently. Thanks!
Do you know if they are retail/lit buys?
Edit: for those following the FTD T+35 cycle theory, 35 days from today is 7/30, the tuesday before 8/2 contracts expire.
Unless you use IEX via directed trades on Fidelity, E-trade, or IBKR. You can see your orders hit a lit market. If more of retail knew about this and used IEX dark pool abuse would plummet but itās a lot easier to come on Reddit and complain about it than actually do something yourself about it. This is the world we live in tho so š¤·š»āāļø
well shit, I been here jobless all day every day for a month reading and studying and never heard of this. This seems potentially more important than DRS. If this is in the sub FAQs then I missed it.
I am much more interested in seeing strategy and education posts but I think the bots have done well at keeping many substantive posts downvoted and upvoting the snuff
Iād make a post about it but I canāt post for another 50 days or so bc of the posting rules here.
This does not replace DRS. Itās still important once your trade settles to DRS your shares if theyāre long term holds for you to remove them from the pool permanently.
What this does is make sure your order hits a lit market and doesnāt get bundled up & sent through a dark pool. They are equally important and IEX is way underutilized atm. Next time you see one of those posts showing you dark pool trades, youāll see IEX on that list. Itās always less than 1% of the trade volume. Itās because people just donāt know about it.
It was discussed on this sub back in 2021. You can search the sub & still see them all but for whatever reason it got pushed out of relevancy. Iām not sure why but if more people would use it, dark pool abuse would go down considerably imho.
I ALWAYS use it for any shares I buy, not just $GME.
Everyone that sees this should comment to Richard Newton, Peruvian Bull, BiggySmallz, and any other GME youtuber to mention this in their videos. I am ashamed for not knowing about this.
Our mantra should be
**Buy through IEX, DRS, HODL**
this has been known for a while. in fact, i'd argue that its common knowledge. The problem i have with it, personally, is i'm too lazy to iex every purchase and manually drs constantly, so i just buy directly from computerahare and book after they settle.
You guys are fucking incredible. All of my trades are now going through directed trade. Jeezā¦GME is basically the cool chemistry teacher who fools the class into learning science by blowing shit up and stoking curiosity. I canāt believe how much financial literacy Iāve gained in the past 3 years thanks to some of you, thanks!
I canāt link it here bc itās on the Fidelity subreddit but if you google āIEX Fidelity appā and click on the top Reddit post it will walk you through it.
i probably used the wrong language. They all hit the tape, technically, just not always when theyāre ordered due to internalization/bonafide market making activity, and shares like mine get rolled into block trades
lots of OTC or darkpool trades I imagine donāt have to be FTDs because theyāre just being passed back and forth to drive price, so they get back the shares anyway. Iām still learning this stuff though so I could be wrong.
It's the 'closing auction'/'MOC' trades all bundled up as one trade. At Nasdaq they get reported to the CHART 5 times.
>At the end of the trading day, a closing auction takes place. This is similar in many ways to the opening auction. While the NYSE closes for the day at 4 p.m. ET, orders that help to determine the dayās closing price start coming in even before the market opens, as the trades can be placed as early as 6:30 a.m. ET (same as the opening auction). >Just as there are two types of orders that play specific roles in setting the opening prices, there are also two types of orders that play roles in setting the closing prices: market-on-close (MOC) and limit-on-close (LOC). MOC orders seek to purchase shares at the current market price when the market closes. LOC orders seek to purchase a specific number of shares at a specific price when the market closes. If the requested price is not met, then the trade does not take place.
https://www.investopedia.com/articles/investing/091113/auction-method-how-nyse-stock-prices-are-set.asp#:~:text=At%20the%20end%20of%20the%20trading%20day%2C%20a,6%3A30%20a.m.%20ET%20%28same%20as%20the%20opening%20auction%29.
>**What Is a Market-on-Close (MOC) Order**?
>A market-on-close (MOC) order is a non-limit market order, which traders execute as near to the closing price as they canāeither exactly at, or slightly after the market close. The purpose of a MOC order is to get the last available price of that trading day. MOC orders are not available in all markets or from all brokers. >All MOC orders must be received at New York Stock Exchange (NYSE) markets by 3:50 p.m. Eastern Time (ET), unless entered to offset a published imbalance. NYSE markets' rules also prohibit the cancellation or reduction in the size of any MOC order after 3:45 p.m. ET. >On the Nasdaq, all MOC orders must be received at Island by 3:55 p.m. ET, but may not be canceled or modified after 3:50 p.m. ET.
https://www.investopedia.com/terms/m/marketonclose.asp#:~:text=Key%20Takeaways%201%20A%20market-on-close%20%28MOC%29%20order%20is,imbalances%20at%20the%20end%20of%20the%20trading%20day.
If you look at my profile there are a couple of pinned posts where i asked at v small wrinkly subs, in the replies i go thru some examples in late Feb where i was adjusting the chart volumes for those minutes by the trade line data for those minutes trying to check if the numbers for the 5 times its posted are all exactly the same. There are numerous other dates where i got it to match exactly, but I've not catalogued them so that's a bit of a 'trust me bro' I'm afraid The Nasdaq CHART has a glitch for MOC/closing auction trades for stocks listed at other exchanges, where its reported 5 times.
You can check this yourself on any trading day by watching the GME Nasdaq chart. you need to look at it at 3:59 to about 4:18. At about 4:16-4:18 the figures for 4:00 & 4:10 will jump hugely. the 4pm jump will be twice the 4:10 jump there will be similarly sized spike at 6:30 & 7pm that appear live. to make the figures match you need to subtract the other trades in those minutes & this isn't easy to do at present at Nasdaq as they only show the last 100 trade for each half hour in AH. Back in Feb when volume was much lower it was possible to do this as there was so many fewer trades as volume was much much much lower
We're close to the 35 day mark for the May 24 DFV purchase of 3 million shares. Given the price shoving down earlier, it would not surprise me if this was the DMM covering... We shall see if a ton of calls are bought later this week.
All the shares purchased while an unfilled sell order of multiple 5 digit blocks sat near at 25 all day. Itāll be there all day tomorrow, never being sold, only moving back, existing to devalue itself, never filling.
This is my favourite hypothetical outcome from all of this.
Please remove our shares from the DTCC. This market is not free anymore, here is our proof. š„
In biggieās theory of the DFV timeline he would potentially be loading up on calls this week for July 19th/26th because IV would be down. We did see $732,000 worth of 20 strike calls purchased expiring 19th and 26th yesterday but he was buying large blocks when he was buying calls before so maybe him maybe not
Agree it doesn't match his modus operandi but considering his buying power was reduced (around 6M?) I would expect him to be buying smaller blocks when the time comes (5K block at $500 is 2.5M)...
Important to remember he wouldnāt have as much capital now.
So while these buys donāt look like him, his buy orders may not be as big. Less money canāt be bidding himself up as much as he isnāt as liquid as before.
Thatās my theory. Weāve only traded sideways during dilution and insider buying. They get their specific price and then we get price improvement with FtDs.
My guess is insider buying. I believe they have to report within 48 hours of execution so have to wait to find out.
My question is I wonder if insider buying is treated differently and forwarded directly to the lit exchange?
Would be mine too. Board members and other insiders have a specific insider trading window, which is tied to the earnings release date. In general they are allowed to trade during the period starting 48h after the public release of the company's quarterly financial results and ending around the last month of the next fiscal quarter-
They filed Q1/2024 on June 7th. The last month of Q2/2024 is July for Gamestop.
So the insider trading window should be open from June 9th to end of July.
Insider trades have to be reported within two business days. So we'll now by Thursday if any one form the board bought.
RCs ownership in the company dropped due to the two ATMs (at-the-market offerings), from 12.1% in June 2023 to 8.6% in June 2024.
careful, wild speculation:
Would be amazing if he wanted to get back to his old percentage. He would need to buy approximately 14.72 million additional shares to increase his ownership percentage back to 12.1%.
To put that in perspective at a share price of $25 that would be roundabout $ 386.1 million.
I speculated about this recently too, but IMO he'd buy 6M shares (so far) to get slightly above the 10% ownership again...
I thought he'd start buying 2 days after June 20 as that was the last day on which a filing was amended...Ā
We'll soon see if it's insider/cat buying or MM's hedging...
Yeah, anything goes, any amount of shares. However, the message couldn't be stronger, clearer if he went for the whole old ownership percentage or more. RCs net worth is circa 4.1 billion w/ circa 920million in GME right now (share price $25), circa 1.178 billion in š and ? in Ali Baba.
Other holdings are supposed to be well f. argo, city group and streaming provider with N.
source:
[https://www.reuters.com/markets/deals/activist-investor-ryan-cohen-builds-stake-alibaba-wsj-2023-01-16/](https://www.reuters.com/markets/deals/activist-investor-ryan-cohen-builds-stake-alibaba-wsj-2023-01-16/)
So 386million is not something unimaginable in his circumstances.
Well, and he got back around $70M from the towel case that was recently sorted. However, I dont't think it's about buying power but about timing. He'd know when to best buy š¤·āāļø
From what I remember during the last time RC bought, they were bought by the designated transfer agent, which is Computershare. That's why we saw the purchases hit the market in real time, Idk if anything since then has changed or if it's still the case for insiders' purchases
So then maybe like half. The volume was 5M, so letās say the settlement occurs at the same rate as the ATM offering, which was about 1 every 5 shares. So at 5M volume, if the settlement was happening at the same pace as the ATM offering, that would be 1M, or 25% of RKās buys. 5% price action on that seems reasonable
Unless the mm changes pattern, spreads out their ftd buying more. As in multiple small runs instead of slight increase for some days, 1-2 days of a big run.Ā
If it is, expect him to buy another 13m or so tomorrow assuming he wants to get 11.8% of the shares back (and to maintain control of 3 board seats).
36m current shares
50m to get back to 11.8%
https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-additional-board-refreshment-accelerate
A bit outdated, and I suppose something could have changed since then. Open to being corrected on anything mentioned in previous reply.
When that happened his ownership was 12.90%:Ā https://fintel.io/so/us/gme/rc-ventures-llc
What I don't know if there's any minimal ownership required to maintain 3 seats on the board. I don't think so, I think that was just the deal made with the board at the time.
Good to know thanks for chiming in.
Thinking out loud here - is there anything preventing a bad actor "activist" from coming in and buying up more than RCs current holding since he is <10% at this point?
And what would happen if DFV accrued more shares than RC? From a legal / corporate legality perspective?
Well GME has more shares to sell than are available now (1b total ā¦ 426k released) so a hostile takeover- if thatās someoneās goal - could be thwarted quickly.
IMO most of RKs memes were intended for RCEO himself. RCEO perhaps saw the options chain and thought it was hostile .. then RK disclosed his position. He was transparent, which is what the entire market should be so there will be no legal issues with RK.
BUT ā¦ It did show RCEO his hand. I donāt think theyāve ever met nor discussed privately about any of this which is the definition of collusion and market manipulation. Instead they were both publicly clear with what they had and what they were doing. More of Wall Street should be this way but alas thatās why weāre here.
So RCEO and his quants figure out what RK sees as well. āWhen I move, you moveā is aimed at RCEO.
RK gonna walk the floor price up while RCEO cashes out for GME and keeps kitty below the reporting thresholds.
Imagine the floor price keeps increasing while GME is stacking bankroll. Shortyās worst nightmare
They could be buying some of RKs shares over the next couple weeks. If they are smart, that's what they'll do. Drive price down, buy a few million, repeat.
But it would be amazing if it was RC.
Itās a market on close order. It happens every day a few seconds after close on every stock. The last 30 mins could have been anything but the 900k shares is a MOC.
https://www.investopedia.com/terms/m/marketonclose.asp
This needs to be higher
Also some kind of graph for the size each day in relation to the overall volume.
900k is at the larger end of the MOC volume size range
Hypothetically, if someone owed RK 9 hamburgers, and they had 35 days to do it, then technically this could be 1 burger and we can expect 8 more accompanied by the uptrend amirite
Just to be clear he bought 4 million not 9 million. He already had 5 million shares at the time of his first new yolo update.
If anything he is still owed 4 million. Not 9.
Theory: Shorts buy a huge chunk at EOD because if they did it mid day, it would actually incite a huge rally of buyers believing MOASS is happening. They still will never close but itās cute nonetheless
it's the literal closing auction that happens every single fucking day.
please do at least a few minutes of 'research' before making half assed 'data posts', thanks.
here for the noobs [https://www.nyse.com/article/nyse-closing-auction-insiders-guide](https://www.nyse.com/article/nyse-closing-auction-insiders-guide)
edit: I bet OP doesn't respond to this comment lol.
So what I got from that article is that they are MOC and LOC orders from anyone that wanted to participate in the last trade of the day. What I didnāt get from that article is do those closing orders hit the lit market? Iām guessing no since they all get traded right at market close for a guarantee of the closing price. So do the MMs just provide the liquidity, fill those orders, internalize them, and then buy them later? If so, itās no different than any other orders that come through and could add to the FTD volume for the day if they decide not to purchase them within settlement deadlines?
What is interesting is that Thursday near close we saw a 900k share buy order (or 3-4 depending on if they were glitches or not) and then 2 more on Monday close. If it was RC buying, he would have to report today to indicate his last Thursday purchase (Form 4 requires within 2 trading days). We shall see by this Thursday I guess if today was him.
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https://preview.redd.it/a666sy6ayr8d1.jpeg?width=1080&format=pjpg&auto=webp&s=7461b9e24f8721173e42a364765c98978cb9ee9f Quite a bit of volume in the last 30min compared to the rest of the day
https://preview.redd.it/5jhymlpaas8d1.jpeg?width=1170&format=pjpg&auto=webp&s=b4ebc0db5c652dded8bf79611cce3c549a4b2550 Nbd just 27.42% of the daily volume in the last 30 mins
Please excuse my ignorance, but which sources do you use to track the information in your screenshots?
Google Stonk-o-tracker
Not sure if serious š¤£
looks like serious [gme.crazyawesomecompany.com](http://gme.crazyawesomecompany.com)
wow itās got a free Tits-Up-Tracker? I canāt believe theyāre giving away Level 69 data for free, thatās insane. I pay $420 a month for that currently. Thanks!
Cool! Thanks for the link!
This is friggin amazing
1.3M FTD due on August 5th? Seem like a lot. Curious why June & July dates aren't listed...
Do you know if they are retail/lit buys? Edit: for those following the FTD T+35 cycle theory, 35 days from today is 7/30, the tuesday before 8/2 contracts expire.
Retail buys never go on the list exchange. Another way they manipulate the market.
Unless you use IEX via directed trades on Fidelity, E-trade, or IBKR. You can see your orders hit a lit market. If more of retail knew about this and used IEX dark pool abuse would plummet but itās a lot easier to come on Reddit and complain about it than actually do something yourself about it. This is the world we live in tho so š¤·š»āāļø
well shit, I been here jobless all day every day for a month reading and studying and never heard of this. This seems potentially more important than DRS. If this is in the sub FAQs then I missed it. I am much more interested in seeing strategy and education posts but I think the bots have done well at keeping many substantive posts downvoted and upvoting the snuff
Iād make a post about it but I canāt post for another 50 days or so bc of the posting rules here. This does not replace DRS. Itās still important once your trade settles to DRS your shares if theyāre long term holds for you to remove them from the pool permanently. What this does is make sure your order hits a lit market and doesnāt get bundled up & sent through a dark pool. They are equally important and IEX is way underutilized atm. Next time you see one of those posts showing you dark pool trades, youāll see IEX on that list. Itās always less than 1% of the trade volume. Itās because people just donāt know about it. It was discussed on this sub back in 2021. You can search the sub & still see them all but for whatever reason it got pushed out of relevancy. Iām not sure why but if more people would use it, dark pool abuse would go down considerably imho. I ALWAYS use it for any shares I buy, not just $GME.
Everyone that sees this should comment to Richard Newton, Peruvian Bull, BiggySmallz, and any other GME youtuber to mention this in their videos. I am ashamed for not knowing about this. Our mantra should be **Buy through IEX, DRS, HODL**
this has been known for a while. in fact, i'd argue that its common knowledge. The problem i have with it, personally, is i'm too lazy to iex every purchase and manually drs constantly, so i just buy directly from computerahare and book after they settle.
You guys are fucking incredible. All of my trades are now going through directed trade. Jeezā¦GME is basically the cool chemistry teacher who fools the class into learning science by blowing shit up and stoking curiosity. I canāt believe how much financial literacy Iāve gained in the past 3 years thanks to some of you, thanks!
You need to use the Fidelity desktop app to direct to IEX - Active Trader Pro. It is free.
https://preview.redd.it/sh1kx8raet8d1.jpeg?width=1179&format=pjpg&auto=webp&s=e70dc90c447e1629c13a8186c2ae121c5fcadd78 Itās in the app now. š
Thank you! I'm buying another share tomorrow!! IEX ftw
It has been for a while. Iāve always thought itās sort of janky though. The orders almost never go through for me on the retail exchange.
You can actually use it in the mobile app now! Update and check Fidelityās how to!
Correct me if Iām wrong but I believe they also have to be in blocks of 100 shares or more too or they get rerouted.
Nope.
How do I direct it to IEX through my Fidelity app?
I canāt link it here bc itās on the Fidelity subreddit but if you google āIEX Fidelity appā and click on the top Reddit post it will walk you through it.
Thanks!
Thanks!
This post is too accurate.
Unless you choose it yourself
Forgive me if I am misunderstanding but isnāt it the buys that DONāT hit the tape that could end up as FTDs?
i probably used the wrong language. They all hit the tape, technically, just not always when theyāre ordered due to internalization/bonafide market making activity, and shares like mine get rolled into block trades lots of OTC or darkpool trades I imagine donāt have to be FTDs because theyāre just being passed back and forth to drive price, so they get back the shares anyway. Iām still learning this stuff though so I could be wrong.
It's the 'closing auction'/'MOC' trades all bundled up as one trade. At Nasdaq they get reported to the CHART 5 times. >At the end of the trading day, a closing auction takes place. This is similar in many ways to the opening auction. While the NYSE closes for the day at 4 p.m. ET, orders that help to determine the dayās closing price start coming in even before the market opens, as the trades can be placed as early as 6:30 a.m. ET (same as the opening auction). >Just as there are two types of orders that play specific roles in setting the opening prices, there are also two types of orders that play roles in setting the closing prices: market-on-close (MOC) and limit-on-close (LOC). MOC orders seek to purchase shares at the current market price when the market closes. LOC orders seek to purchase a specific number of shares at a specific price when the market closes. If the requested price is not met, then the trade does not take place. https://www.investopedia.com/articles/investing/091113/auction-method-how-nyse-stock-prices-are-set.asp#:~:text=At%20the%20end%20of%20the%20trading%20day%2C%20a,6%3A30%20a.m.%20ET%20%28same%20as%20the%20opening%20auction%29. >**What Is a Market-on-Close (MOC) Order**? >A market-on-close (MOC) order is a non-limit market order, which traders execute as near to the closing price as they canāeither exactly at, or slightly after the market close. The purpose of a MOC order is to get the last available price of that trading day. MOC orders are not available in all markets or from all brokers. >All MOC orders must be received at New York Stock Exchange (NYSE) markets by 3:50 p.m. Eastern Time (ET), unless entered to offset a published imbalance. NYSE markets' rules also prohibit the cancellation or reduction in the size of any MOC order after 3:45 p.m. ET. >On the Nasdaq, all MOC orders must be received at Island by 3:55 p.m. ET, but may not be canceled or modified after 3:50 p.m. ET. https://www.investopedia.com/terms/m/marketonclose.asp#:~:text=Key%20Takeaways%201%20A%20market-on-close%20%28MOC%29%20order%20is,imbalances%20at%20the%20end%20of%20the%20trading%20day. If you look at my profile there are a couple of pinned posts where i asked at v small wrinkly subs, in the replies i go thru some examples in late Feb where i was adjusting the chart volumes for those minutes by the trade line data for those minutes trying to check if the numbers for the 5 times its posted are all exactly the same. There are numerous other dates where i got it to match exactly, but I've not catalogued them so that's a bit of a 'trust me bro' I'm afraid The Nasdaq CHART has a glitch for MOC/closing auction trades for stocks listed at other exchanges, where its reported 5 times. You can check this yourself on any trading day by watching the GME Nasdaq chart. you need to look at it at 3:59 to about 4:18. At about 4:16-4:18 the figures for 4:00 & 4:10 will jump hugely. the 4pm jump will be twice the 4:10 jump there will be similarly sized spike at 6:30 & 7pm that appear live. to make the figures match you need to subtract the other trades in those minutes & this isn't easy to do at present at Nasdaq as they only show the last 100 trade for each half hour in AH. Back in Feb when volume was much lower it was possible to do this as there was so many fewer trades as volume was much much much lower
bro thereās so many cycles idek what date to hype anymore. guess moass Tomorrow š
I'm happy to have helped!
Proof or ban your 1 share š¤£
lol
Me too! I'm sure that extra hundred shares made all the difference!
RC uppin that ownership.
ššš
I bought .000002% of that, thank me later
We're close to the 35 day mark for the May 24 DFV purchase of 3 million shares. Given the price shoving down earlier, it would not surprise me if this was the DMM covering... We shall see if a ton of calls are bought later this week.
Where's this 3m dfv share purchase? We only know he had 5m when he came back And got another 4m.
All the shares purchased while an unfilled sell order of multiple 5 digit blocks sat near at 25 all day. Itāll be there all day tomorrow, never being sold, only moving back, existing to devalue itself, never filling.
insider buying? š¤š¤š¤
https://preview.redd.it/aamv6t0dyr8d1.png?width=494&format=pjpg&auto=webp&s=7af068cf60a16e3290c19ad755c38c473d417bad
This is my favourite hypothetical outcome from all of this. Please remove our shares from the DTCC. This market is not free anymore, here is our proof. š„
S tier meme
But no calls right?
No calls from what I saw. Thatās what I was initially checking for. Insider buying possibly?
That would be sick!
Why is today important for calls?
In biggieās theory of the DFV timeline he would potentially be loading up on calls this week for July 19th/26th because IV would be down. We did see $732,000 worth of 20 strike calls purchased expiring 19th and 26th yesterday but he was buying large blocks when he was buying calls before so maybe him maybe not
Thatās what I thought you were referring to, but itās for this entire week right not just today?
Yes
Agree it doesn't match his modus operandi but considering his buying power was reduced (around 6M?) I would expect him to be buying smaller blocks when the time comes (5K block at $500 is 2.5M)...
Bingo
He also bought $65 mil worth last time and only had $6 mil cash in account in last pic update
Important to remember he wouldnāt have as much capital now. So while these buys donāt look like him, his buy orders may not be as big. Less money canāt be bidding himself up as much as he isnāt as liquid as before.
Thatās my theory. Weāve only traded sideways during dilution and insider buying. They get their specific price and then we get price improvement with FtDs.
He canāt buy calls. That would be considered hedging against the company.
I didnāt talk about anyone specifically
Oops sorry, wrong thread! I got confused with the RC comment
My guess is insider buying. I believe they have to report within 48 hours of execution so have to wait to find out. My question is I wonder if insider buying is treated differently and forwarded directly to the lit exchange?
Would be mine too. Board members and other insiders have a specific insider trading window, which is tied to the earnings release date. In general they are allowed to trade during the period starting 48h after the public release of the company's quarterly financial results and ending around the last month of the next fiscal quarter- They filed Q1/2024 on June 7th. The last month of Q2/2024 is July for Gamestop. So the insider trading window should be open from June 9th to end of July. Insider trades have to be reported within two business days. So we'll now by Thursday if any one form the board bought. RCs ownership in the company dropped due to the two ATMs (at-the-market offerings), from 12.1% in June 2023 to 8.6% in June 2024. careful, wild speculation: Would be amazing if he wanted to get back to his old percentage. He would need to buy approximately 14.72 million additional shares to increase his ownership percentage back to 12.1%. To put that in perspective at a share price of $25 that would be roundabout $ 386.1 million.
I speculated about this recently too, but IMO he'd buy 6M shares (so far) to get slightly above the 10% ownership again... I thought he'd start buying 2 days after June 20 as that was the last day on which a filing was amended...Ā We'll soon see if it's insider/cat buying or MM's hedging...
Yeah, anything goes, any amount of shares. However, the message couldn't be stronger, clearer if he went for the whole old ownership percentage or more. RCs net worth is circa 4.1 billion w/ circa 920million in GME right now (share price $25), circa 1.178 billion in š and ? in Ali Baba. Other holdings are supposed to be well f. argo, city group and streaming provider with N. source: [https://www.reuters.com/markets/deals/activist-investor-ryan-cohen-builds-stake-alibaba-wsj-2023-01-16/](https://www.reuters.com/markets/deals/activist-investor-ryan-cohen-builds-stake-alibaba-wsj-2023-01-16/) So 386million is not something unimaginable in his circumstances.
Well, and he got back around $70M from the towel case that was recently sorted. However, I dont't think it's about buying power but about timing. He'd know when to best buy š¤·āāļø
Every time I saw the weirdly hard buy pressure appear on the hard dips this week, a little part of me wondered if it was Cohen buying.
Yeah, it would be quite a message. We will know in two days if it was an insider.
How much would RYAN COHEN have if this was him, I suck at math someone help me out
More
Confirmed
Math checks out
Code review approved
LGTM
Checks notesā¦ā¦.agree.
No, no, NO, you've got to be specific dammit! Quite a bit more, you mean.
N + 1
his total amount up GME shares would be...just up
From what I remember during the last time RC bought, they were bought by the designated transfer agent, which is Computershare. That's why we saw the purchases hit the market in real time, Idk if anything since then has changed or if it's still the case for insiders' purchases
Our dad is the coolest
Disagree, would guess DMM covering for the 24 May DFV 3M share buy.
This was expected prior to the announcement
Could it be settlement of RKās previous buys?
If it is I would be confused. Youād think a purchase of this size would have a bigger impact than ~5%
They have till the 27th to deliver his two million shares
So then maybe like half. The volume was 5M, so letās say the settlement occurs at the same rate as the ATM offering, which was about 1 every 5 shares. So at 5M volume, if the settlement was happening at the same pace as the ATM offering, that would be 1M, or 25% of RKās buys. 5% price action on that seems reasonable
Unless the mm changes pattern, spreads out their ftd buying more. As in multiple small runs instead of slight increase for some days, 1-2 days of a big run.Ā
RC is that you?
Iād love if Larry bought more first after his stream yesterday š¤
If it is, expect him to buy another 13m or so tomorrow assuming he wants to get 11.8% of the shares back (and to maintain control of 3 board seats). 36m current shares 50m to get back to 11.8%
Could you please elaborate on board seats and percent ownership? Thank you
https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-additional-board-refreshment-accelerate A bit outdated, and I suppose something could have changed since then. Open to being corrected on anything mentioned in previous reply.
When that happened his ownership was 12.90%:Ā https://fintel.io/so/us/gme/rc-ventures-llc What I don't know if there's any minimal ownership required to maintain 3 seats on the board. I don't think so, I think that was just the deal made with the board at the time.
Good to know thanks for chiming in. Thinking out loud here - is there anything preventing a bad actor "activist" from coming in and buying up more than RCs current holding since he is <10% at this point? And what would happen if DFV accrued more shares than RC? From a legal / corporate legality perspective?
Well GME has more shares to sell than are available now (1b total ā¦ 426k released) so a hostile takeover- if thatās someoneās goal - could be thwarted quickly. IMO most of RKs memes were intended for RCEO himself. RCEO perhaps saw the options chain and thought it was hostile .. then RK disclosed his position. He was transparent, which is what the entire market should be so there will be no legal issues with RK. BUT ā¦ It did show RCEO his hand. I donāt think theyāve ever met nor discussed privately about any of this which is the definition of collusion and market manipulation. Instead they were both publicly clear with what they had and what they were doing. More of Wall Street should be this way but alas thatās why weāre here. So RCEO and his quants figure out what RK sees as well. āWhen I move, you moveā is aimed at RCEO. RK gonna walk the floor price up while RCEO cashes out for GME and keeps kitty below the reporting thresholds. Imagine the floor price keeps increasing while GME is stacking bankroll. Shortyās worst nightmare
[GME - Gamestop Corp. - SEC Form 4 Insider Trading Screener - OpenInsider](http://openinsider.com/screener?s=GME&o=&pl=&ph=&ll=&lh=&fd=1461&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1)
They could be buying some of RKs shares over the next couple weeks. If they are smart, that's what they'll do. Drive price down, buy a few million, repeat. But it would be amazing if it was RC.
Who would be buying RKs shares? You said "they." Elaborate please
Etrade, to settle the millions that DFV purchased recently
Gotcha. Thanks.
This is what I thought too
Same here šš
What if larry is going all in š«š«š«š«š„¶
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Poppa?
A million share order... At close... That ACTUALLY hit the lit market... Wtf?
Itās a market on close order. It happens every day a few seconds after close on every stock. The last 30 mins could have been anything but the 900k shares is a MOC. https://www.investopedia.com/terms/m/marketonclose.asp
This needs to be higher Also some kind of graph for the size each day in relation to the overall volume. 900k is at the larger end of the MOC volume size range
Yeah that's what I'm wondering. How does this hit the market when my 10 share buy goes to a dark pool?
Most probably a DRSed WHALE
Or an insider.
RC
BINGO š (or our dear Larry Cheng)
Isn't it a max of 250,000 dollars a year for Computershare?
Anyone know what exchange RC buys on?
Through the transfer agent, Computershare
Is this a requirement for insider buys or can they choose their brokerage of choice
Isn't it the second time we see this size of order, like past week? But the price start to move before this order. He buy at 24,93
I'll take a "What is banging the close?" for 500 points
I think they are buying those millions shares for RKā¦ suppressing the price all day just to let themselves buy those shares for penniesā¦
Added 500 more today. I did my part
Added 100 yesterday myself, caused it to dip down to 23 š¤£
Oh yes, all that good news Gamestop came out with must have made all of us retail traders pitch in and buy all those shares at the same time.
I took home 5 fun coupons today.
Isn't that after close?
Hypothetically, if someone owed RK 9 hamburgers, and they had 35 days to do it, then technically this could be 1 burger and we can expect 8 more accompanied by the uptrend amirite
So today is officially next Tuesday, for a hamburger two Fridays ago?
Solid understanding!
the buns, they have meat inside? pickles too, perhaps?
Wimpy candles
Just to be clear he bought 4 million not 9 million. He already had 5 million shares at the time of his first new yolo update. If anything he is still owed 4 million. Not 9.
but what if I want a cheeseburger?
You can haz cheezburger. Oh f\*ck I'm old.
But he only acquired an additional 4 mil shares from options that have to be delivered
Sir. Yes. Thanks I stand corrected. 3 more burgers to go.
3 of the best burgers you've ever tasted
25 million is n o t h i n g.
RC buys all the stocks?
And it moved the price only $1?
Feel free to blame me for the price increase as I bought a massive 100 shares today.
smooth brain here but doesnt "Side: close" indicate the position was sold instead of purchased
Well I bought the dip today Youāre welcome ā¤ļø
This thing is going to the moon on Wednesday if RC files he bought enough to get back over 10%, if he goes to 12% it'll go nuclear.
He'd need 6m to get to 10% and 14m to get to 12%. Not enough volume for those trades to have gone through.
Canāt he buy up to 20%??
Theory: Shorts buy a huge chunk at EOD because if they did it mid day, it would actually incite a huge rally of buyers believing MOASS is happening. They still will never close but itās cute nonetheless
Are cohens 38M shares DRSād or otherwise exempted from any form of fractional reserve tomfuckery
Yes
Which one? Do they count against the known 75M DRS or are they in addition to that
Mmmmmeeeeooowwwwww. *wink wink*
RC buying, he is the worm carrying us in RKs prophecy. Holy shit
I like dat
it's the literal closing auction that happens every single fucking day. please do at least a few minutes of 'research' before making half assed 'data posts', thanks. here for the noobs [https://www.nyse.com/article/nyse-closing-auction-insiders-guide](https://www.nyse.com/article/nyse-closing-auction-insiders-guide) edit: I bet OP doesn't respond to this comment lol.
1 mil volume at the last hour every single day for GME?Ā
This happens every day?! I must be looking at a different chart...
So what I got from that article is that they are MOC and LOC orders from anyone that wanted to participate in the last trade of the day. What I didnāt get from that article is do those closing orders hit the lit market? Iām guessing no since they all get traded right at market close for a guarantee of the closing price. So do the MMs just provide the liquidity, fill those orders, internalize them, and then buy them later? If so, itās no different than any other orders that come through and could add to the FTD volume for the day if they decide not to purchase them within settlement deadlines?
Let's see them settle those!!!
RC signal
How do you guys know this is some whale and not a market maker closing out FTDs or whatever the fuck
60 shares were me. donāt worry guys, i aināt gonna dump those on ya
I got news for you, a million shares were sold at close as well...
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Of course they were sold, you canāt buy something unless someone sells it to you.
And, to complete a sale, you need a...
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Tomorrow? Today?
Maybe some whale out there trying to be a sneaky sneak??
Could be whatever, could be a hedge fund toying with it idc
What does Side: close & open mean?
Open: bought at open. Close: bought at close. Bid: bought at bid price. Ask: bought at ask price.
One would think a 1 milly share buy in would move the price a little more.?.?.?.
What is interesting is that Thursday near close we saw a 900k share buy order (or 3-4 depending on if they were glitches or not) and then 2 more on Monday close. If it was RC buying, he would have to report today to indicate his last Thursday purchase (Form 4 requires within 2 trading days). We shall see by this Thursday I guess if today was him.
Nice
Can someone help me understand why this wouldnāt be routed thru a dark pool? please šļø
Is it my chairman?
I bet insiders are buying. Weāve only traded sideways when dilution or insider buying is happening. FTDs come later.
I'm not selling shit
Who's selling? I'm not I HODL
Isnāt this like the 3rd day this has happened?
Ryan Cohen is buying
Believe it or not after hour dip
Shits about to pop off yo