One thing that always gets me here is the portrayal of retail acting in unity. That's not the case even the best of times. There are professional manipulators that are not only pumping and dumping but love volatility.
Halfway up in a squeeze they start bitching about diamond hands and you hear them say things like, "But I got my profit," "I like money" (used to be called tendies by regarded apes where did that go?) "You don't know what you talk about!" "The numbers show that ABCD company will bankrupt!."
No, these are not Gaybears. These are people who are starting to bet heavier on puts. They hope you will start selling at some point. It doesn't matter if it's soon but who doesn't love a 40% drop in a squeezing stock when you have daily or weekly puts.
I'm not gonna start saying, "trust me bruh." I joke about it a lot and say, "Trust me bruh" in some humor posts but this isn't a "Trust me, Bruh" post, Trust me, Bruh!
You can do your due diligence very easily these days. You don't have to pay for data either like used to for every single thing. Apes are more sharing than ever.
By using a few sources, I will prove it to you. Let's look at BBBY in the last few months.
Here is yearly, weekly, and other general stats for BBBY
Here is the data for Borrowed shares and borrowing cost for BBBY
Here is the FTD data until the end of July for BBBY
How can you use this data to make some sense? Let's start asking some questions to find a correlation. (I can hear the quants laughing but that's fine. his is for the general apes who have paperhanded in the last two days.)
When did BBBY start going up from the bottom on a high volume day?
On August 5th, Friday. Open $6.66 Close $8.16 Volume: 52,577,300
Is there a huge number of FTDs from July 1st (+35 date is Ausgust 5th)? Nope. Is there a big FTD settlement date coming up? Yes. So the pump started with the pump here. The volume that day was over half a billion. Do you really think this was a WSB pump? I'll leave it up to you.
What happened on Monday? BBBY opened at $10.92! Despite over 122 Million share volume that day and in total 365 MILLION volume that week BBBY traded sideways until Friday August 12. Now this is a stock that has a float of less than 70 Million. All the hype and talk about pump and dump that week, we had no real movement until the day FTDs from July started hitting. July 8 FTDs: 777,475 shares at $5.44. Closing Price on August 12 was $12.95. That's over 1% of the float but it's getting spicier. This week Monday there were 3,152,293 FTDs from July 11. That's about 5% of the float. Now look at the shares available to borrow and borrow rates again starting August 12.
On Tueday, the same thing kept happenning with nearly 1.2 Million FTDs from July 12th. Now do you understand why BBBY opened at $26 on Wednesday and peaked at $30. Ryan is a smart guy. He sold his shares on days where float was traded 3-5 times and when FTDS had to deliver. Did we have a small short squeeze. Yes. But is it over? No.
Funny you ask why. On Wednesday BBBY was added to Regsho.
This isn't nearly over. It's just begun. Those FTDs from July was from when the stock was 4-5 dollars. You think they closed? They have only shorted more so that they could profit from paperhanded bitches selling.
Now on Monday, it's u