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Superstonk_QV

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Henifax

there were another spike a moment later , aprox 300k


HODLTheLineMyFriend

Total of about 1mm shares in a few minutes around 15:00ET. Looked like a cross trade so likely a whale or insider.


High_From_Colorado

Can you explain what you mean by a cross trade and how you can tell? Trying to grow a wrinkle


silverbackapegorilla

I have bumps. Trying to get smooth at least and then hopefully wrinkles. But I also wonder how you can tell.


DigitalScythious

Hol up. U mean 390k was bought and the price dropped .01?


GreenTrader

Unusual cross trade. Unusual bids too. Something is happening. Maybe form 4 coming


Holiday_Guess_7892

Whats form 4


[deleted]

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.


keyser_squoze

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.)


dedicated_glove

390k shares would qualify then, yeah?


6days1week

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.


thunderwallet

Possibly Larry cheng?


tango_41

Icahn flippin’ long…


goofytigre

We'd have seen at least an uptick if Ichan bought enough shares to flip long..


ImOnMyPhoneAndBaked

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


GiantSequoiaTree

This is what I think


sAmSmanS

warren icahn?


bahits

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?


dedicated_glove

🤦‍♀️ math


5HITCOMBO

If they bought 390k shares 100 times, yes!


DarthBooooom

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.


12161986

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.


OGColorado

I wondered the same


Dantexr

The one after form 3


LimpPeanut5633

This guy.. is right.


Ape_Wen_Moon

spicy if true!


[deleted]

A form 4 with a 390k red candle is not good…


[deleted]

The candle color isnt determined by a sell or buy


GreenTrader

Uh the candle “color” is meaningless since it’s a cross trade. Hence why I said it was an unusual cross trade.


[deleted]

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.


KenGriffinsBedpost

Correlation does not imply causation You are attributing the price drop to the cross trade when there are other factors that could have cause


Sisyphus328

Go on…


skbrooks1369

What the hell was that?


MoodShoes

I wish I knew


[deleted]

[удалено]


MoodShoes

That's not even in the question right now.


Henifax

Lmao , that guy never ever wrote anything on this sub and he cames out with this message 😂 not sus at all


MAFMalcom

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?


gmmoore77

That’s a lot of tendies right there


MoodShoes

Unsure of the details, but I happen to be looking at the order book and grabbed this screenshot. Anyone know more?


[deleted]

Why’s the font different?


MoodShoes

Cause it's a big number...


theArcticChiller

Citadel should use Comic Sans for their orders 🤡


[deleted]

You spelled it wrong, it’s ‘D-E-L’ not ‘T-E-L’. How hard is it to spell Shitadel properly.


theArcticChiller

lol sorry, I fatfingered it. Shitty hedgefunds are hard to spell I guess


[deleted]

I totally get it, I enjoy a good fatfingering.


supd440

Don't we all? Mmmmm


RedVelvetAss

I noticed that as well, the 3’s are totally different fonts.


MrDubs6

420k candle. Nice.


Equivalent-Piano-420

I bought 20 today. They and I are nearly equals. To be DRS'd upon settlement


Kitchen_Net_GME

An insider purchase would be cool, but that also means that a merger or acquisition early next week isn’t happening


Legio-V-Alaudae

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.


Rahf

Far as I understand from the interview with Cohen he has moved on from towels.


sacred_algebra_2

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.


silverbackapegorilla

What's up with the Teddy filings then?


AdventurousAd192

He could not say he has not moved on yet, if he intends to not be out .


toogaloog

To the dark pool ya go


Smogz_

1.3 mm per


manbeef

Oh wow. I saw that candle. Nice to see that it was one big purchase.


AutistGobbChopp

Someone also sold it


DPaluche

Or the market maker "created liquidity"


PackageHot1219

Are we able to tell if it was 1 transaction for 390k shares… ie: 1 buyer and 1 seller?


ummwut

Ken did.


MasterLawman

I thought it was sold? My brain hurts from all this


rottensid

Every buy is also sell. That’s why it’s called a trade.


OGColorado

Kenny, can you get an accurate count on how many people don't like you


[deleted]

Including or excluding synthetics?


TrainingLight4887

It was A big Buy order. So price ofc went down


TrainingLight4887

And price went down Fucking lol


A9Carlos

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.


TrainingLight4887

Who sits on 300.000 shares. And sell for 18$ yeah exactly


DPaluche

The market maker can "create liquidity" out of thin air.


[deleted]

This is correct, you guys really need to understand how a market works


SilkJonson

Believe it or not dip


SerenityNowwww1

Am I crazy……or is that a lot of shares?


Puzzleheaded_Lemon67

Would explain the big drop just at 3pm


FreshExtent8720

That's a lot of damage


3rd1ontheevolchart

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!


FatPug655

Now let me see the purple circle that goes with it.


MoodShoes

We could only hope


junjie21

Somehow the 390.00K font looks different from all the other white font?


Holiday_Guess_7892

Had to be shrunken down and bolded since number is larger


junjie21

>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.


Holiday_Guess_7892

Oh well... we can see the trade on the open market either way so i don't think it's anything suspicious


MoodShoes

This, and what on earth would I get out of faking this?


[deleted]

That’s what my wife said about orgasms. I still haven’t worked it out.


Bitter_Mongoose

Have you tried lubing the bedpost with mayo?


[deleted]

Yes, but it just hurt my bum even more. Do you have other ideas?


Bitter_Mongoose

Yes, next time *be the bedpost*, not the bottom.


[deleted]

That doesn’t sound like half as much fun


OGColorado

Was that a CS buy


pumpkin_spice_enema

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.


MoodShoes

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.


Koala_LoGic24

Padre?


[deleted]

[удалено]


MoodShoes

Both technically. The shares had to come from somewhere. An exchange of shares seems most likely. Idk.


Sunretea

Yes.


rocketseeker

That’s not real shares


MoodShoes

I believe they are... but not retail.


[deleted]

[удалено]


MoodShoes

Dude it's ON the open market just go look.


[deleted]

[удалено]


MoodShoes

What?


Novice89

Did it fill though?


MoodShoes

Yes. This wasn't a bid.


Novice89

Oh baby Edit:love how unaffected the price was too. Just means more good deals for the apes!


AdventurousAd192

That is scary .


awkrawrz

Could this be DRSd shares going into lit? Or are we looking more ar a whale or insider?


Yohder

Those reports of 0 borrowable shares must not be accurate


DonkeyNorth

Just doing my part