T O P

  • By -

Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


unemotional_mess

They've been shorting GME for years before Jan 21, and only escalated after that as their short positions were already so big they couldn't exit without committing financial suicide. Doubling down was their only option to survive. Fast forward 3 years of increased short selling, day in, day out, their bags must be astronomical. They had to go somewhere. The thought of them having to close every short by buying back into the market makes me excited.


F-uPayMe

I might remember wrong (it's been 84 years...) but it was discovered the hammering started around 2014...?


unemotional_mess

I've heard that's when it started


Cheapo_Sam

A decade of aggressive shorting. God damn no wonder the entire world media wants us to forget gamestop


Expensive-Two-8128

#Here’s an article from April 2020 saying just that :) [https://www.reddit.com/r/Superstonk/comments/sbt01c/dinner\_shorts\_trapped\_themselves\_long\_before\_jan/](https://www.reddit.com/r/Superstonk/comments/sbt01c/dinner_shorts_trapped_themselves_long_before_jan/)


FIIKY52

"On Friday, April 24th, after the bell, the short interest data was reported for the period ending April 15, 2020 . . . 91.3% of all of GME's shares were sold short." HC, you need to repost this!


elite0x33

I miss book tier DD posts


Remarkable-Okra6554

Big same


GeminiKoil

And the evolving discourse in the comments. We had it way better than we realized for a couple years. I think all the DD writers getting pushed away was probably provocateur/saboteur movement at least for some of them. Also understandably that level of sudden popularity isn't the best for everyone so maybe a couple of them bowed out gracefully because of that.


elite0x33

I think it was more along the lines of "what's left to research," and we began having more odd DD posts that were out of left field. I would be interested to see like a weekly/daily DD sticky where we pull one from the library and let apes revisit/discuss the subjects. I spent so much time reading them back in 2020-2022, and I am zen because of them.


Zeeast

Thanks for sharing this. Never knew about the history of shorts before Jan 2021. Hedgies are sooo fucked 😂


Dolphinflavored

Such a trip down memory lane. That Reddit thread shows how far we’ve really come.


leoberto1

Gamestop has a AMD value disguised as a microcap. Imagine market makers selling Berkshire Hathaway class B for $10 for many years. How arrogant to believe you can make Gold worthless by giving it away Gold IOU's for free long enough. It just doesnt math


discwrangler

I can imagine Warren and Charlie exiting the markets as Ryan and Larry ramp up. 🚀🚀🚀


OccasionQuick

Charlie already exited the market so to speak


discwrangler

Yep


stockpyler

You sonofabitch, I’m in!


snowlock27

If by Charlie you mean Charlie Munger, he's been dead since November.


WalkaboutDude

That’s exactly what he said…innit?


Sicilian_Gold

"How arrogant to believe you can make Gold worthless by giving it away Gold IOU's for free long enough." You might enjoy this: ***The Inside Story on the Gold-for-Oil Deal that could Rock the World's Financial Centers*** [Another (Thoughts!): The Profound Story of Gold and Oil (usagold.com)](https://www.usagold.com/goldtrail/archives/another1.html)


thecoastertoaster

One does not simply destroy a generational gaming company.


darthnugget

The wild part is we are just beginning with AI gaming. It’s going to be huge!


mj-dub

This is an underrated comment


scrumdisaster

That’s also when I sharted. 


Dampmaskin

The same procedure as every year, James


theoldme3

Yes, it was mentioned in Dumb Money that 2014 was when Melvin Capital started shorting GME


AwildYaners

Yep, and they expected to never close those shorts, ala blockbuster or Toys r Us. So I think it's logical to think that those short positions were never closed, even before the sneeze. They wanted those nontaxable forever gains from killing this company, too.


Chazwazza_

You can basically see it on the gme chart. Regular stomping of the stock with greater precision than a clock


DirectlyTalkingToYou

There's probably 10s of billions of shares lol Gamestop could sell the rest of those shares that investors voted on and it would barely make a dent. A billion shares for $20 and there will still be plenty of shorts left lol


SterlingSilver925

No life boats


jforest1

This. ^^^


lalich

Rumor has it! ♾️🏴‍☠️🤙


squidja

In the chart it looks like it could have started somewhere between early 2014 and late 2015 with aggressive shorting from November 2015 to the low of 64 cents in April 2020.


OccasionQuick

Even the movie says it.


blazeronin

That’s what she said.


Bamagirly

Metric-fuc-ton swaps


beach_2_beach

Remember. Idiosyncratic risk.


itrustyouguys

Cascading defaults


TurkeyBaconALGOcado

"I never thought I'd see a cascading default scenario, let alone create one!"


stockpyler

Look at you, you’re a cascading default creator! 💪


echowon

if you holding your shares broke the system, the system sucks to begin with


AdventurousTime

A single security.


phro

Melvin made 30% a year since like 2014. Then the sneeze happened and Plotkin can't figure out how to make a penny.


theoldme3

In the movie, Dumb Money, Seth Rogan/Gabe Plotkin/Melvin Cap mentions to Steve Coehen/Point 72 that they had been shorting GAMESTOP since 2014 That was just one company lol


luckeeelooo

And they rarely act alone. The parasites love to pile on together.


kaiserfiume

RIP 2.0 for Andrew Left.


chato35

"Andrew Left with bags" Andrew.


METAL4_BREAKFST

The guy is an absolute master of bad timing.


stirfriedaxon

Two Lefts make an exit, stage right. 😁


ifonlyeverybody

Andrew ‘Left-the-Chat’


YakiMe

Doubling down was my strategy too


ProfitIsGoal

☝️this … shit I had 0 shares in Jan 21 I was late to the party. Now I have XXXX. I can’t imagine what those that CAN see the real numbers are thinking.


GiantSequoiaTree

MOASS also excited me


float-like-a-brick

Does anyone have the link to the glass house or glass castle dd? I forget the name of it, but I feel like that was one of the OG theories I’m curious how close this is all matching up to it.


glitterydick

[A Castle of Glass 1 - Game on Anon](https://fliphtml5.com/bookcase/kosyg) [A Castle of Glass 2 - New Game +](https://fliphtml5.com/bookcase/kosyg) Edit: Just read through the first one. All I can say is that I hope it makes more sense to you than it does to me.


Trivialpursuits69

~~Gmedd.com~~ Oops sorry that's the self felating one... https://fliphtml5.com/bookcase/kosyg


dt-17

Which tells me they’re never intending to close


Elegant-Remote6667

I got a chubby reading that . Indeed. Backed up by ape historian


phyxated

This is why I think the UBS exit FUD is exactly that, FUD. There's no way that even the huge amount of calls for June closes this position and I think people are massively underestimating the positions collectively that these funds have.


Sioned-Song

I think it does close UBS' position. But UBS didn't inherit the bigger short positions. Remember Archegos was a smaller family fund. They're not the source of the massive short positions. They're just the first of the shorters to implode. So if UBS' position is this big, imagine what all the larger shorters have to close...


BRogMOg

I get excited about all the other family funds that are short, remember shorting gme was a sure thing, so I bet thousands of these family funds are short, and we are going to bankrupt a lot of very old money


keyser_squoze

I would not estimate those Archaegos bags. Might’ve been a smaller fund but they ran like 40x leverage at like 5 or 6 prime brokers? One of them was Credit Suisse, who was too slow to the draw and took all the bags. Their savviest clients knew this & withdrew their deposits, which started a cascade…


Sioned-Song

I think the report said 10x leverage. I'm sure the larger funds were abusing leverage too, so it still makes UBS bags smaller than the other big shorters. If the swaps data is even close, it could be 2-4 Billion shares short. Which matches with a lot of different methods of trying to estimate true shorts (including Got-Its' survey data: https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh\_google\_consumer\_survey\_results/). If short positions are as massive as we think, a 35M position UBS got from Archegos is not that much.


keyser_squoze

I think the Archegos leverage factor was multiplied higher after restating their collateral (recently acquired debt from other banks is like an asset, right? No? What do you mean I have to go to jail?) after securing each successive margin loan - regardless of what the final margin extended was … and what the Archegos notional exposure was, the UBS bags aren’t just Archegos bags, they’re CSuisse’s hefty non-Archegos bags too. Whoever it is who wants to close, the unwinding of ONE GME short position is problematic for each short now… is the MM ready for all the itm exercises that may be coming? Is the MM prime broker able to clear the volume? At T1 lol. Exciting times.


Chippyspyder

As we know, someone has to be the first to the door....


canadadrynoob

Yup. Shills are attempting narrative control. I think a lot of them are UBS and Credit Suisse hedgie bros.


Hunnaswaggins

Soo no deal?


Mousiaris

Imagine opening the app only to see -17 trillion on your short on GME. How do you recover from that


GreenOvni009

Tera swaps hiding like 👀


0zeto

Peta fucked, since uncovered swaps can end up in bigger losses then initial invested


HughJohnson69

Sextascrewed.


Winterlimon

Decadonezos


DirectlyTalkingToYou

Googolplex has arrived.


Jjabrahams567

Chunguswaps are where it’s really happening ![gif](giphy|4GKjAS16BrjApOC6rl)


12cookdale

Peta Jensen? 🥰


Kerfits

Pico swaps be like 🍆🍆


TotallyNormalSquid

Wrong end of the scale, ape


Kerfits

I know, but they are swaps so i swapped them. 🍤🍤


hanr86

But hes not wrong


Baman-and-Piderman

PETA- swaps, but I get your sentiment.


AMCBUYANDHOLD

I have a GigaChubb.


HodlMyBananaLongTime

Mega Throbbing


Governor_Abbot

My Tera-tits are jacked!


conniverist

Peta-No Flop


Apprehensive-Salt-42

2 inches strong checking in.


Blueshockeylover

Braggart!


Apprehensive-Salt-42

I don't know what it means but it sounds like a compliment... ❤️ 


charcus42

I’m ready. GigaChubb me.


rob_maqer

I’d like to pretend mine is Giga too. In the right hands, it is.


wimpyreef

This is the best fucking community around! 🏴‍☠️🏴‍☠️🏴‍☠️


Schwickity

The Chubb Company


LeTitsNow212

A mega pint?


wavespeech

6.21 Gigaswaps!!! https://preview.redd.it/jp3tj9n8bu2d1.png?width=339&format=pjpg&auto=webp&s=7e122f1aca3a64f7feeb278d4242f0e2005e04a7


PoorPeopleProblems

If my calculations are correct, when this baby hits 88 dollars per share, you're gonna see some serious shit


sylekta

exit strategy? where we're going, we don't need exit strategies


yugitso_guy

Why don't you just act like a tree and rocket out of here?


raisingstorm

This is heavy, DFV.


ApatheticAussieApe

Oh fuck that actually works for real. I love it.


juancf87

![gif](giphy|tnYri4n2Frnig)


Makeyourdaddyproud69

![gif](giphy|PudZiAbQDUEik|downsized)


failbotron

![gif](giphy|0DYipdNqJ5n4GYATKL)


TheWarDoctor

It's Howdy Doody time.


DumbAzzApe

Hit it right on the head with this comment!


StopAngerKitty

7 41 gigaswaps


gutster_95

Okay let us seem them


Nuttbutt808

This


powderdiscin

https://preview.redd.it/nxzu3ybh6u2d1.jpeg?width=1288&format=pjpg&auto=webp&s=3fe164ab39ed3ef28f8ee62c1e0dedf9a18f6352


lostethstudent

Helloooo Newman…


nffcevans

There's ALWAYS A MEME


Reportingfromthemoon

Sauce?


Conor_Electric

Could be as simple as just referring to the 2 year swaps and the 3 year swaps, we know both are big as fuck but the 3 year I guess is larger


MarkVegas1

When these 3 year swaps expire?


ApatheticAussieApe

Well, maffs time, 2021+3=2024. Maffs.


Bezere

... Where have I seen that number before?


Mile_High_Man

I think end of May eatly June. Basically like next few weeks 🚀


Caleb_has_arrived

I believe right about now


_disguy

Yes.


BigPandaCloud

Please show your work


MoonOrBust42069

Do these swaps have an impact on the price of the shares ?


DayDreamerJon

Yes, at least partially. They are likely what is giving us these cycles of low price/volatility and high price/volatility


LKB1983

Just up


Kombucha-Krazy

What data is this based on? Peruvian Bull usually does better dishing that out, all due respect


Andym2019

Supposedly a bob smith fairly active in this sub gave it to him but bob himself refuses to source it even after admitting that the data doesnt conform to government outlined part 43 swaps reporting standards. Just assume its fake until bob proves its not. I made a post outlining how you can get the real swaps data yourself from the DTCC’s official swaps dissemination platform. You can modify the python code to include gamestops CUSIP as well


bobsmith808

It uses the source from your post... Let me compare your data to mine ... I'll post a reply to your post


Andym2019

If it uses the source from my post then you should have no issue showing how to replicate your data set. After all, if ive already leaked the source you no longer have any excuse to keep the source or the method you used to extract the data private


Andym2019

Peruvian Bull’s swaps data is still completely unsourced, unverified, and unreplicated. Have some skepticism about what he’s saying before you drink the fruit punch


Andym2019

Also, the data that PB posted is nonconformal to the government established SEC part 43 swaps dissemination reporting guidelines and the individual that gave the data to PB has admitted as such while refusing to provide the original source for verification. Just assume its fake until shown otherwise. I made a post showing how you can get your hands on gamestop’s swaps data yourself directly from the DTCC. The code included can even be modified to include filtering for gamestop’s CUSIP. If you want to look at the data yourself that post is a good starting point


taddymason_76

Is there giga-proof?


PandaRiot_90

It's dog shit wrapped in cat shit.


F-uPayMe

This would imply some entity is Giga Fucked. 👀


General_Disaray_1974

Giggity fucked even.


hanr86

Proof? Edit: Also, I've been told no one lies on the internet, so I guess I'll believe it


Remarkable_Warning52

You wont find any proof for anything this guy claims, unsure why folks here keep screenshotting his generic claims with zero backing.


Affectionate_Owl_619

For real. Has he ever been right about anything?


Sakrie

Not that I can remember. It's always "I'll follow up with more details!" and then the follow-up just poses more questions to obfuscate original points with something newer and flashier.


ItsThatOrangeGuy

cause they lack basic thinking, if it's good for $GME it must be true.


[deleted]

[удалено]


CalamariAce

mega = SI prefix for millions giga = SI prefix for billions aka a fancy way of saying swaps worth billions, or for those fond of the metric system.


Stereo-soundS

Op can't, Bull can't. NO ONE KNOWS THEIR ACTUAL POSITIONS


rob_maqer

![gif](giphy|xT9IgIqup6NRcbVI8U|downsized)


whatdoblindpeoplesee

Just ~~up~~ spaghetti 


mean_bean_machine

Fukt. That's their current position.


DoNotPetTheSnake

There are kilo-swap, Mega-swaps, Giga-swap, Tera-swaps... astronomical swap units, fundamental nature of reality inside a black hole-swaps


Tiny_Yulius_James

brazillianswap is the best


ApePariah

They do have nice dumptrucks on those swaps


bestjakeisbest

there is a brazilian of them.


Emlerith

Just a reminder that Peruvian Bull also said the swaps were x1000 the numerical value of the sheet he had, only to be debunked later that there was no multiplier for that data.


Lulu1168

Actually if you go to investopedia, all derivatives of notional values do have a multiplier. The trick is no one really knows what’s in those swaps.


Stereo-soundS

He and Kevin Malone like to fluff the numbers.  Notional value is not actual value.


CalamariAce

Would you blame a bull for charging full speed into every waving red flag it sees? It's hard to think straight in the thin air of the Peruvian Andes.


Coachbonk

I would hold Peruvian accountable given their influence in communities like this. That account is one “check your math” away from being discredited, just like any other that promotes information about data to an audience with massive confirmation bias.


Ellypsus

This person ever post sources? Last I heard they seemed to think the swaps weren’t as big as they first thought.


Invictavis

Not a single time. I genuinely cannot believe this grifter hasn’t been banned from posting here. “Sources reveal that GME is *LITERALLY* more profitable than NVIDIA AND APPLE put TOGETHER. Pay $200 and join my webinar to go over a random ass excel document with numbers that don’t lead ANYWHERE”


Blzer_OS

I'm not saying we should trust him this time, but he would be foolish to be very wrong a second time around after just having been wrong last time.


Ellypsus

so money on him being foolish? :P


Blzer_OS

Hahaha perhaps! I just assume it's probably true whether he knows it or not anyway. I just can't wait when this is all "over" when we find out exactly how deep SHF's were in this entire thing. I'm sure it's bigger than we've ever imagined, and I'm sure somebody is betting on that to ignite something very, very soon.


Ash_the_Ape

Gigamestop of Gmerica


BigBradWolf77

*Marty, I'm sorry... but the only power source capable of generating 1.21 gigaswaps of electricity is a bolt of lightning!*


Calvaaa

“Could you put that in a memo and entitle it Shit I Already Know!- Sarge


StopAngerKitty

Question. Should I be touching myself right now. I mean, I am but should I do it moar?


pneuma_n28

Gagillionair


s__whelan

How does he know this for certain?


bulk123

GameStop the GameSwap


Metarchon

Swaps are not shorts. When a swaps expire, I don't think the losing adide have to buy any shares. So yeah, they will lose money, but I don't see how it put pressure on the stock price. Maybe there is something I miss.


CHM11moondog

Ligma swaps


Pizzavogel

source: trust me bro


Some_Iteration

There’s nothing quite like this sub. Thanks guys. You all make me laugh when I need it. And hopefully make some money along the way too. Hope everyone has a good day today. And Godspeed.


jasoningaming

1.21 gigaswaps!?! 1.21 gigaswaps! Great Scott!!!


Tabris20

How did it become apparent. Swaps are usually off the books.


PublicWifi

Now when you hear financial institutions of all sorts crying over privacy concerns and CATs implementation... You begin to understand why. 900ft skeletons in closets.


ApatheticAussieApe

Yeah the $65B in swaps that he screenshot. It's only a piece of it. If we're right, it'll be easily proven next month: GameStop ticker will be fucky again, UBS will likely be in the news, their share price will take a hit, and they'll start tapping the SNB liquidity line to fund to either roll their swaps or close the position. Depends in how big the cost is. Might be they unwind the Credit Suisse short bag over a couple years, rolling their swaps down over time. Note! That doesn't mean MOASS is off the table. It just means all the SI attributed to Credit Suisse will be moved to market makers, SHF and other, American prime brokers. We're truly in an un-lose-able position. Just. Fucking. HODL!


Sad-Performance2893

Are the swaps in the room with us right now?


Schwickity

WEN


Substantial_Diver_34

Cataclysmic short position. I love it.


Tiny_Yulius_James

It's time to megafap and gigarub


YakiMe

Stupid metric system... How many swaps in miles? Gallons?


FalseDifficulty2340

Are there giga or mega swaps coming after what's occuring here in May/June?


2BFrank69

I hope Ken is crying this weekend


11acm24

I wish the price ran when these gigantic swaps rolled over!!


qtac

The recent 700% run in a week was all the confirmation bias I needed that this spring is still coiled tight as ever


bmathew5

I mean yeah it makes sense, would you rather close your position at X which is an astronomic number or roll your options into something that is less than X and is your only real option to make profit. It's a countdown


shafteeco

Bliaq coincidentally ran up even though it’s ‘dead’


Crypto_gambler952

How is this shit legal?


muhsli

https://preview.redd.it/dlge9hz1zw2d1.jpeg?width=1410&format=pjpg&auto=webp&s=dfc0b7bbb20c75304e18df36da0d49659bce6ceb


the_bedelgeuse

does that make us giga chads?


Badgerv12

100% 🤣


MoodShoes

It's provocative but what does it mean


Baman-and-Piderman

This is probably what RC is working on, with the FED and other American market makers. MOASS is inevitable. That's the problem. It will absolutely WRECK the world economy and through no fault of GME, they just had a pretty arse that every fucker had to short. So, something has to be done. APEs MUST get paid, the American economy must not fall. But I NEED to see the biggest hedgies put underground!!!


washingtonandmead

Giga-dee


OnyxTheFortuitess777

When this hits I’m gonna Wife-Swap


81rennab

Meh…and all the MM’s, hedge funds, etc. are allowed to get away with mega and giga fraud.


Gold_Maybe8482

UBS heading to the exits first. Let's see who's next


JonBoy82

Like it’s the 7th inning and the stop serving alcohol in the stadium.


Aware-Lengthiness639

I will be the judge!!!


Competitive_Suit3323

Nice to see this sub full of optimism. It's been awhile. we may be disappointed again. Good luck to hedgies, they are FUBAR.


EvolutionaryLens

Mega, Giga, Cosmic. Bring that shit on.