Welcome back to the channel everyone today, i want to talk about citadel firing, tons and tons of employees from all levels, as well from junior analysts, all the way to portfolio managers and whether this means that we've actually done it and we've actually won so stay tuned. And let's make some money so citadel jettisoned some staff in reshuffle at surveyor's unit, ken griffin citadel, has dismissed several portfolio managers and analysts in a shake-up at its surveyor capital unit, more than half a dozen portfolio managers and even more analysts have departed since philip lee Took surveyors reigns in may the restructuring, including cutting several teams, hiring a few new ones and asking some employees to relocate as well. So, typically, when a company restructures, it means that their current business isn't operating profitably and therefore they're having to cut tons and tons of people and restructure in order to salvage what's left and make it somewhat profitable. The departures in the stock picking unit follow others from earlier this year, at least 13 of surveyors, roughly 27 portfolio managers, nearly half of the entire department who run their own trading pods have exited since january.

Maybe this means that half of those portfolio managers were shorting. Amc and gamestop and their portion of the fund was liquidated and that's why they exited since january, maybe some obviously left in january and maybe some more left again back in june zia. Ahmad, a spokesman for the 43 billion dollar firm, said most of the exits were related to performance. So clearly that must mean that most of those 13 portfolio managers were shorting, amc and gamestop and therefore managed to pretty much blow up all the capital they were allocated and had such poor performance that they were just fired after taking over surveyor lee determined that teams With members operating in different cities were underperforming and asked each of them to work together in one location, surveyor which started in 2008 now has about two dozen teams: lee reduced the number to allow more time to manage them.

The 10 new portfolio managers have all produced positive returns which meaningfully contributed to the units year-to-date gains, so i guess clearly any portfolio managers that have been shorting, amc and gamestop since june are obviously in a positive position, because amc is currently worth less than 72 dollars Per share, and also back in 2019 chicago based citadel shuttered, a fourth equity unit after a restructuring that led to 45 departures or about a third of its staff. Three years earlier as well, the fan cut roughly 15 jobs in the surveyor department. Clearly citadel must be having a tough time and must be feeling the pressure and that's why they're making so many redundancies and performing this restructuring. So, therefore, even though at the moment the amc stock price has been going down, clearly, the hedge funds are still in trouble because it's so expensive them to continue kicking that can and that's why they're having to perform restructurings to get rid of tons and tons of Staff, just so they have the cash to continue adding to their short positions, and now i also wanted to give you a bit of a warning and talk about a potential fake squeeze that could be coming up for amc warning.

There's an algorithm driven fake squeeze. Coming! Do not sell so you might be asking. Why am i saying that a fake squeeze is coming and ran by the citadel algorithm? Okay? So, let's start the reason why i'm saying a fake squeeze is coming is because if you look closely, you notice something odd. The trading pattern from june to now is almost identical to the pattern from february to may or from january to may.

So, if we look at the time frame back from around february all the way to may you can see one move upwards. Two moves upwards. This long period of being held down in the third position, a small spike, another drop and then the larger spike with another drop. And obviously we all know what happened just after this small drop at the very end of may.

Obviously, amc run up all the way to 72 77, and now you have number one move upwards number, two move upwards. Three, the whole long period held down here, a small pop upwards down again and another pop upwards for move number five, and if you line the two up together going all the way from january to october, we can see that these patterns are very, very similar. Paying close attention to the three tops and the three bottoms and the three tops here and the three bottoms here now currently most people don't have a lot of confidence in the stock market. These big institutions and market makers get all of these exemptions.

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Follow us on my link down below in the description, and you can get an additional 250 of free bitcoin just for depositing at least a hundred dollars on your block fire account. So do you notice the similarities between the two? This can only be driven by an algorithm set up by citadel in order to shake off the paper hands and make themselves regret from selling when a major rally takes place. It's a psychologically manipulative tactic to scare off the weak. Let's get straight to the point and build a summary of what will happen very soon so soon enough, amc is going to run upwards breaking out of this flag or this triangular pattern, all the way upwards to potentially 1 to 200, maybe 300 per share, and it's Effectively gon na potentially be an algorithmically controlled squeeze.

Now that is, if citadel, don't lose, control end up getting short squeezed in the process and being liquidated and forced to cover all of their short positions. If they can keep control of it, maybe they'll let it run up into that third cycle and then try and bring it back as much as they can convincing more and more paper hands to sell at only two to three hundred, maybe one to three hundred dollars Per share, obviously this is very reliant on citadel being able to continually average up their short position without being liquidated. Now it has been rumored that shorts will probably be liquidated somewhere between one to two hundred dollars per share. But i guess it does depend on how much additional capital citadel has been able to generate over the last 10 months to see how much more money they can continue, putting into their short position and averaging up.

As you can see, we're nearing the final point of the second algorithm cycle and we're already very close to a massive run up for the love of apes. Citadel is about to mess with our emotions by exciting us and then trying to disappoint us later on. Do not sell it's a psychological trap hold on for dear life when we do run up, and i also wanted to give a quick word of encouragement when in doubt just remember that we were 4 million strong six months ago and adam aaron confirmed this week that We are still four million strong. That means that, while some apes have paper-handed over the last six to ten months, there have been many more new diamond-handed apes that have also joined us on this adventure.

It was another rough manipulated red day, but just have faith in the community isn't leaving this play. We are coming for our attendees and not leaving until our accounts are full of the money stolen from our families. Over the past years of wall street corruption, we are too big of a block to make go away and they know it, and i also wanted to touch on this tweet here. As you can see, i have favorited it from the 15th of october.

It is very much a trust me bro source, but i wanted to touch on it anyway, as we are very close to two weeks from the 15th of october. This guy says i said it yesterday in two weeks time, the sec and gary gensler will be announcing. Darkfall restrictions in certain stocks, like amc and gamestop, i can't tell you who i am but save this tweet and thank me later or write me off as a lunatic doesn't really matter and user of intellect replied to the tweet saying. If this is true, it should have been done much earlier by the way, but then i'm not sure i can handle this many catalysts for amc and gamestop all at once.

So obviously, two weeks from the 15th of october leaves you at the 29th of october, which is a friday, so maybe by then we could see dark pools being restricted for amc and gamestop, which would coincide very well with the end of the second cycle, which is Going to be some point at the end of october and into november, whether it will happen or not, we'll have to wait and see, but restricting dark pool trading on amc and gamestop would certainly make those stocks run up into cycle three, and now we also have A few tweets from peter han the portfolio manager, some people have been telling me that the mother of all short squeezes is a fantasy land and the rule filings mean nothing. I find that argument hard to give credits to when some of the filings aren't even live. Yet they're either shills or ordinances, and have given up hope and want everyone to join their misery. Somebody commented saying my friend in university told me today that he's selling his amc shares after seeing what happened with phun and dwac.

He said, even if we do squeeze it will get halted and manipulated back downwards. Like those two stocks, i don't believe it will, this community will keep holding and if it rips and dips we'll buy more and peter said how will the halts matter if the shorts still have to buy the shares back anyway? If they get liquidated, they have to buy the shares. They can't continue shorting because their positions get forcibly closed by the prime broker halts only matter if the mother of all short squeezes is ongoing and you miss out at selling at 10k and it reopens at 1k. A little bit later, or maybe, if you miss out selling at 100k and it reopens downwards at only 10k, but given the size of suspected naked shorts, it will still pop a few times anyway, use brackets to average your gains, and somebody else asks for what filings Are we looking for and peter replied saying? First, the cat is being implemented in stages, check out amc, bigham's, post or charlie's vids.

The rule filings, i think matter. Most is nscc 2021, 010 and 803, which has a comment period ending on november, the 10th, and it goes live sometime after that which also kind of coincides, with our end of october november, start of cycle 3 that i've mentioned earlier now. I also wanted to talk about the mechanics of a trading hall. This is in no way financial advice and i don't really want you to copy exactly what it says here in this paragraph.

I just wanted to walk you through how a trading call works. Obviously, when a price runs up, if it runs up too high, too fast trading will be halted, it'll be halted for a period of five minutes or 30 minutes or an hour or even a full day or obviously longer. If the sec need to do an investigation. The comment at the very top says when the trading hall starts trading is halted.

This is when you walk away and do not look at the share price immediately. Find another activity to occupy your time, while not looking at a stock price can be good, because looking at a stock price can cause you to make unrationalized decisions and decisions that you don't really want to make. But you do them in the moment, because you think it's the right idea. At the same time, walking away from a stock price and walking away from a lot of money that you have on the table is also not really a good idea.

You obviously need to be watching the price of a stock to make educated decisions. You need to know when the squeeze is happening. You need to try and guess your best when the squeeze has started and when it's at its highest point and you need to try and time it perfectly. Obviously, as perfectly as you can to get the best price that you want.

You don't want to step away for five hours or a few days and miss the entire squeeze, because then you'd be kicking yourself way more than you would have been. If you just sat and watched it and sold, maybe a little bit earlier than you really wanted to so effectively when a stock price runs up to its highest point, if it's ran up too high too fast trading will be halted, trading will then open again and It'll either go higher or it'll go lower and potentially could get halted again, if there's quite a dramatic change in price, either upwards or downwards, but effectively when trading reopens, if it reopens lower you're effectively in the danger zone, if trading is halted again and reopens again And reopens lower again that's effectively when you're in the aptly named kill box when you're in the danger zone or the kill box any moment spent in the orange and red zones feels like an eternity as seconds turn into minutes, maybe even hours or days. The longer a person stays in the orange and red zones, the higher the likelihood that they will get nervous and sell as the person waits for the movement trade trauma kicks in trade trauma is an acquired behavior as a result of past losses during periods of volatility. During trading trade trauma causes a person to be skittish and impulsive, the person or trader generates fear and uncertainty from their past instances and impulsively sells off as these heightened moments of anxiety, condition their fight or flight response.

So, while walking away from stock charts isn't necessarily a good idea, because you could miss the entire squeeze and make things much worse for yourself than they would have been. If you just sat and watched, you do need to find a way to calm your trading anxiety and your trading trauma and, finally, for today i also want to talk about bitcoin again, another barrier broken. Spain gives banks and exchanges a week to ask to legally operate with bitcoin bitcoin has broken yet another barrier between the traditional finance system and the digital world of cryptocurrencies. In spain, traditional banks can now offer buying and selling of bitcoin and other cryptocurrencies to their customers.

This release was given through a publication by the spanish central bank. Although the bde announced the regulations in june, it was only this month that the institution published the mandatory forms, so overall, this is brilliant that yet another country, this time, spain, is now accepting bitcoin as legal tender as major traditional banks are now buying and selling cryptocurrencies. To their customers, this is a brilliant development for the overall cryptocurrency space, and it's just another reason why bitcoin is here to stay guys be sure to. Let me know down in the comments below what you think about citadel firing.

So many of its staff and portfolio managers and performing this restructuring and as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.