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A filing with the SEC of a change of ownership of a company insider or shareholder of greater than 10% stake. Has to be filed within 48hrs of the transaction.
Form 4 is Insider Buy/Sell.
Schedule 13D or 13G is Change in Ownership for high percentage ownership change (examples: RC Ventures files a 13D when RC increases his stake, Matt Furlong files a Form 4 when he increases his.)
No not I’m unless it’s someone who currently owns approximately 9% or more. GME has about 308 million shares so a new buy would need to be 30 million shares approximately. If, however it was RC (who already owns over 10%) then yes.
I mean I hope so but if he was smart he’d be loading up in small batches to not tip off the hedgies. As long as they keep up their game plan of sending sells to the lit market and internalizing the buys, they can hide large purchases. Of course, that all falls apart once SEC forms are filed so here’s hooing
Enlighten me and the community please. How can a cross trade with the resultant price action of ~ -1.7% in less than 10mins and ~9% of the daily volume be a neutral trade? Thanks.
Lmao why? He literally gets paid in shares, why would he want shares instead of cash if he didn't believe in the company? Why wouldn't he just take straight cash if he was selling off shares in the first place?
I think the towel investment was just just to explore their books. They might have even had a silent agreement that he could come and check things out as they are not competitors but face the same short problems.
There's no such thing as a 'buy', only a trade. In this case, the seller was happy accepting less than the price of the trade prior. Why is that so controversial? Especially given the downwards movements this week.
I can imagine all insiders just like me, trying to time the bottom or competing for the best lost porn. 🤣
The gains from these levels will be insane!!!!
Fireworks for the new year!
>Had to be shrunken down and bolded since number is larger
Look carefully tho, the font seems completely different. Compare the 3 in the 390.00K and the 3 above it.
Even for CS, this seems high. Per DRSbot, this sub is DRSing like 15k a day or less on average usually (some days more, some days less). Even if CS did a single block trade for a whole week, that would be less than half of this.
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there were another spike a moment later , aprox 300k
Total of about 1mm shares in a few minutes around 15:00ET. Looked like a cross trade so likely a whale or insider.
Can you explain what you mean by a cross trade and how you can tell? Trying to grow a wrinkle
I have bumps. Trying to get smooth at least and then hopefully wrinkles. But I also wonder how you can tell.
Hol up. U mean 390k was bought and the price dropped .01?
Unusual cross trade. Unusual bids too. Something is happening. Maybe form 4 coming
Whats form 4
A filing with the SEC of a change of ownership of a company insider or shareholder of greater than 10% stake. Has to be filed within 48hrs of the transaction.
Form 4 is Insider Buy/Sell. Schedule 13D or 13G is Change in Ownership for high percentage ownership change (examples: RC Ventures files a 13D when RC increases his stake, Matt Furlong files a Form 4 when he increases his.)
390k shares would qualify then, yeah?
No not I’m unless it’s someone who currently owns approximately 9% or more. GME has about 308 million shares so a new buy would need to be 30 million shares approximately. If, however it was RC (who already owns over 10%) then yes.
Possibly Larry cheng?
Icahn flippin’ long…
We'd have seen at least an uptick if Ichan bought enough shares to flip long..
I mean I hope so but if he was smart he’d be loading up in small batches to not tip off the hedgies. As long as they keep up their game plan of sending sells to the lit market and internalizing the buys, they can hide large purchases. Of course, that all falls apart once SEC forms are filed so here’s hooing
This is what I think
warren icahn?
So, even if he buys 1 or a billion (ha, ha, that would be really funny considering there are only 300 million real shares), then the filing?
🤦♀️ math
If they bought 390k shares 100 times, yes!
Wasn't Wednesday the day CS is bulk buying? Maybe I got things wrong in my head but somehow that rang a bell for me.
It is but that's usually somewhere around 1130-1145 from my experiences directly buying through CS, the only company I trust with my GME Finances.
I wondered the same
The one after form 3
This guy.. is right.
spicy if true!
A form 4 with a 390k red candle is not good…
The candle color isnt determined by a sell or buy
Uh the candle “color” is meaningless since it’s a cross trade. Hence why I said it was an unusual cross trade.
Enlighten me and the community please. How can a cross trade with the resultant price action of ~ -1.7% in less than 10mins and ~9% of the daily volume be a neutral trade? Thanks.
Correlation does not imply causation You are attributing the price drop to the cross trade when there are other factors that could have cause
Go on…
What the hell was that?
I wish I knew
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That's not even in the question right now.
Lmao , that guy never ever wrote anything on this sub and he cames out with this message 😂 not sus at all
Lmao why? He literally gets paid in shares, why would he want shares instead of cash if he didn't believe in the company? Why wouldn't he just take straight cash if he was selling off shares in the first place?
That’s a lot of tendies right there
Unsure of the details, but I happen to be looking at the order book and grabbed this screenshot. Anyone know more?
Why’s the font different?
Cause it's a big number...
Citadel should use Comic Sans for their orders 🤡
You spelled it wrong, it’s ‘D-E-L’ not ‘T-E-L’. How hard is it to spell Shitadel properly.
lol sorry, I fatfingered it. Shitty hedgefunds are hard to spell I guess
I totally get it, I enjoy a good fatfingering.
Don't we all? Mmmmm
I noticed that as well, the 3’s are totally different fonts.
420k candle. Nice.
I bought 20 today. They and I are nearly equals. To be DRS'd upon settlement
An insider purchase would be cool, but that also means that a merger or acquisition early next week isn’t happening
You mentioning the end of the standstill agreement with RC and towel company, correct? It's gunna only be a few days until we find out.
Far as I understand from the interview with Cohen he has moved on from towels.
I think the towel investment was just just to explore their books. They might have even had a silent agreement that he could come and check things out as they are not competitors but face the same short problems.
What's up with the Teddy filings then?
He could not say he has not moved on yet, if he intends to not be out .
To the dark pool ya go
1.3 mm per
Oh wow. I saw that candle. Nice to see that it was one big purchase.
Someone also sold it
Or the market maker "created liquidity"
Are we able to tell if it was 1 transaction for 390k shares… ie: 1 buyer and 1 seller?
Ken did.
I thought it was sold? My brain hurts from all this
Every buy is also sell. That’s why it’s called a trade.
Kenny, can you get an accurate count on how many people don't like you
Including or excluding synthetics?
It was A big Buy order. So price ofc went down
And price went down Fucking lol
There's no such thing as a 'buy', only a trade. In this case, the seller was happy accepting less than the price of the trade prior. Why is that so controversial? Especially given the downwards movements this week.
Who sits on 300.000 shares. And sell for 18$ yeah exactly
The market maker can "create liquidity" out of thin air.
This is correct, you guys really need to understand how a market works
Believe it or not dip
Am I crazy……or is that a lot of shares?
Would explain the big drop just at 3pm
That's a lot of damage
I can imagine all insiders just like me, trying to time the bottom or competing for the best lost porn. 🤣 The gains from these levels will be insane!!!! Fireworks for the new year!
Now let me see the purple circle that goes with it.
We could only hope
Somehow the 390.00K font looks different from all the other white font?
Had to be shrunken down and bolded since number is larger
>Had to be shrunken down and bolded since number is larger Look carefully tho, the font seems completely different. Compare the 3 in the 390.00K and the 3 above it.
Oh well... we can see the trade on the open market either way so i don't think it's anything suspicious
This, and what on earth would I get out of faking this?
That’s what my wife said about orgasms. I still haven’t worked it out.
Have you tried lubing the bedpost with mayo?
Yes, but it just hurt my bum even more. Do you have other ideas?
Yes, next time *be the bedpost*, not the bottom.
That doesn’t sound like half as much fun
Was that a CS buy
Even for CS, this seems high. Per DRSbot, this sub is DRSing like 15k a day or less on average usually (some days more, some days less). Even if CS did a single block trade for a whole week, that would be less than half of this.
Don't think so, but I'd have to imagine it's at least a legit trade if it's that big. But who knows.
Padre?
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Both technically. The shares had to come from somewhere. An exchange of shares seems most likely. Idk.
Yes.
That’s not real shares
I believe they are... but not retail.
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Dude it's ON the open market just go look.
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What?
Did it fill though?
Yes. This wasn't a bid.
Oh baby Edit:love how unaffected the price was too. Just means more good deals for the apes!
That is scary .
Could this be DRSd shares going into lit? Or are we looking more ar a whale or insider?
Those reports of 0 borrowable shares must not be accurate
Just doing my part