Today I Want to talk about the hedge fund that's just collapsed as a result of shorting? AMC This fund took on significant losses back in 20121 and it seems they couldn't make back those losses nor close out of their short position and as a result have just gone bankrupt. So stay tuned and let's make some money. And now Ive Straight in with the key information. So Boss Buns tweeted saying OD Day Asset Management is the close down and he's explained the story in three parts.

He said part one is to take out a massive short position on AMC, part two is to incur massive losses in borrowing fees and rack up further unrealized losses, and part three is to go bankrupt and shut down the fund back in August of 2021 OD Day Asset Management Started a new short position in AMC, but by September just one month later, it wasn't going to well for them as they announced they suffered a massive loss over the last month, saying AMC has seen a dramatic reversal in fortunes amid a mindboggling retail driven stock price rally, and it continues to inflict crippling damage on its detractors. And it said the Hedge Fundo de Asset Management has emerged as one of the most prominent casualties in recent times as AMC Entertainment Shares maintained their inexplorable UPR trajectory and we can see that just a couple of weeks ago, oday Asset Management have now looked to shut down their wealth business. You'll notice from the Articles o Day Asset Management are trying to claim that they're closing down after harassment charges or harassment accusations against this founder. But as Boss Blunts points out, these charges or these accusations arose in 2021 and he said, if that were the reason, why would they wait 2 years to shut down the fund after everyone's forgot about the charges and forgot about the accusations? What's more likely is the reason they're closing down the fund is due to Oday Asset Management significant losses It says in the article at its peak, Oday Asset Management managed $ 13.3 billion, but with just 3.8 billion under its control last year OD Asset Management has lost nearly 75% of its firm or around $10 billion as a result of poor trades maybe just from shorting AMC, but maybe from shorting other stocks as well.

And interestingly, some FCA probes are underway into OD Day Asset Management The FCA or Financial Conduct Authority is the UK's version of the US's SEC. So obviously OD day Asset Management are now being investigated for doing something rather sketchy. Some of you may say Tom if OD day Asset Management started shorting AMC back in 2021, wouldn't they be set on massive unrealized gains is buying out right as the stock has dropped so much and my answer to that would be those unrealized gains were pointless because they couldn't close out of that short position and they had to continue paying those borrowing fees. So any unrealized gains they've generated over the last 2 years have now disappeared due to those thousand plus% borrowing fees We know that a maximum gain a short seller can make on their short position is 100%.

Even if they had been holding their short since August of 2021, they may only be up, say 97 or 98% But after just a few months of paying 1,000% plus borrowing fees, that 97% gain disappears very very quickly. In fact, it would have gone to zero after just about a month and a half. So even fod Day Asset Management did make an additional $10 billion from shorting AMC That 10 billion very quickly evaporated because they couldn't close out of that short. And obviously we know the shorts can't close out because it would cause the squeeze by closing out of billions of synthetic shares all at once.

On top of that, you may have seen this video on live TV of a reporter explaining that something in the market is breaking and that something he muttered is Citadel Now if you haven't seen the video, I will play in a second. But what I really wanted to focus on is something after he let slip about Cadel breaking and what. It reminded me of something that happened a few years ago a lot of the mid90s period. I Mean it really truly does.

It's me, it's just my opinion I Don't know what I'm talking about and it does. Things are breaking offshore I mean I say it all the time in Frontier markets that no one cares about like Nigeria Kenya Ghana Currencies have been devalued by 50% Things are breaking but we just don't feel it here yet and so well. I mean if you're going to talk about something breaking, always the Gloom he was basically leading it off I I I don't like like to think Citadel no I'm kidding I'm joking I Never said that but what I would say is look, there are big firms out there that are not necessarily your traditional hedge funds. your traditional Banks your traditional players non Bank financial institutions, whatever you want to call it Shadow banking Etc Yeah, there could be some pockets of distress that bubble to the surface when things get really tight and I think what we're seeing in cross- asset V Right now Lisa is the market valuations are finally responding to tight Financial conditions.

First thing I'm saying is I have to apologize to Ken Griffin because Citadel is a wonderful company and they employ a lot of my friends friends and they invest really well and I just want to apologize I Just got this vision of Ken Griffin calling me now anyway no I'm kidding. So the question right there. We heard this reporter on Live TV saying that something in the market is breaking that glue that tries to glue the market together. AKA Citadel is breaking He said in times of Market stress, overleveraged entities like Citadel are at significant risk and could end up breaking, not just themselves, but the entire Market.

But then at the end there, he very quickly and profusely apologized not just the Citadel But Ken Griffin and was worried about receiving a call from Ken himself. As Shay pointed out, he said the fact that he said Ken Griffin might call me now shows how Ken Griffin is eager to polish His Image and how he is so aggressive with those trying to paint the real picture of Ken Griffin's distressed company. and that reminds me of this video that first appeared or first reappeared a couple of years ago. about how Jim Kramer couldn't say anything negative about Citadel Jim Kramer admitted that he must continuously lie and cannot talk negative of Citadel or he will come down on him.

Jim Kramer has said about how Citadel of course is always in the best possible circumstance and how Citadel is great, how Ken Griffin is great and nothing bad ever happens to Ken Griffin or Citadel but then basically said that he always has to be positive about Citadel and he can never spread any negative news whatsoever about Citadel or Ken Griffin I Also wanted to quickly recap today's Nvidia options play in the millionaire mindset Trading Group which if you held all the way to its peak, would have generated over 135% returns in the group. I called this 408 409 level which was yesterday's high of day and also the pre-market high for NVIDIA and at the market open, it blew Mo straight through this pre-market High giving us that confirmation and continuation Nvidia itself ran from that 48 409 level up to 415 before pulling back and then later on in the day it ran again all the way to that 420 level and looking at the option specifically I opened at $3.40 It then ran to highs of 585 before pulling back and running again all the way to $85 per options. Contract holding all the way from 340 up to 805 would have generated over 135% returns and you can join the millionaire mindset. Trading Group Using the link in the description below, today is the best day to join as it's currently the first of the month, meaning you get a full month of risk-free group access with the 100% guaranteed refund if you don't make a profitable trade your piece on.

Citadel Very interesting how conclusive Citadel is. Absolutely great shape it is, but how I just want to make that point right. up top, they're in great shape as a matter of fact. I I Want to throw money at them if I allowed to put money with them Anybody who's down 35% the most important thing to do is throw money at them.

So when I see the New York Times with stories about, well, they're in great shape. What? Why? Because they 35% they said they're in great shape. but so City Group said they were in great shape. Uh, great shape.

See? this is how it works. See: this is the way it's played and guys like me can't even say anything other than they're in great shape cuz then I don't get in trouble. Yeah right. See, when you're repor an affet like Citadel The important thing is not get in trouble.

That's why I continue to tell you they're in great shape. Now if I told you they're in great shape 50 times. What's the takeaway? Thank yeah they're in great shape. Yeah, they're in great.

The end See: because you can't talk about a Citadel To me. It's so crazy how scared these reporters are of Citadel Securities and Ken Griffin Both Jim Kramer and whoever this guy is were absolutely petrified. They're trying to let slip online TV that Citadel is actually not in great shape and they're actually breaking. but they're petrified and that's why as Crypto Kai tweeted he said there's a reason why Ken Griffin is hiding his stolen money in a$1 billion home in the State of Florida where bankruptcy laws protect one's property th because Citadel is indeed breaking and is in fact not okay And that's why Ken needs to hide his money.

And that's why As Biotech Moose has tweeted saying did you you know that actually selling counterfeit shares with fake locates or creating synthetics is actually a classy felony? It's securi fraud and it's punishable with jail time. This tweet says it's time to put the firms that are lending shares under the microscope. If they don't own a real share to lend or don't locate a real share to lend, then they may be guilty of selling counterfeit shares which is a class C felony. and it's a violation of SEC laws.

And that Securities fraud punishable with up to 20 years in prison and up to $5 million in fines. So it seems like actually Citadel is in fact not okay. They are in fact breaking and maybe Ken is just about to collapse. you may say Tom Citadel and Ken Griffner fine.

They just announced record profits last year and Ken has just announced the construction of a billion dollar home. but that's why Hang Loose has tweeted saying The Whispers of Citadel being at risk of crumbling have now hit live television and this is big saying People behind the scenes know what's coming. They're trying to warn everyday retail investors on live TV but they're also desperately scared of Ken Griffin and Citadel Securities he's trying to paint this picture like everything is Rosy Dandy and that he's fine. but actually he's not fine and he's actually breaking.

And it's great that actually people are now trying to talk out. they haven't yet started whistleblowing, but they're trying to whistleblow on live television. This in some senses you could agree could actually be better because it means the public and everybody out there watching television is aware of just how poorly Citadel is performing. But guys, be sure to let me know what you think down in the comments below.

And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I upload a new video. Cheers!.