NBC Reporter Accidentally Speaks About "Naked Shorting"...
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I have a small long position in AMC ($2,000 at $55 per share avg cost) and don't plan to open any further positions, long or short.
Here is a link to the article I am talking about in the video:
https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
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👏👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
You can now book a live 1X1 call with me via Clarity here: https://clarity.fm/tomnashv2
I have a small long position in AMC ($2,000 at $55 per share avg cost) and don't plan to open any further positions, long or short.
Here is a link to the article I am talking about in the video:
https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
So we finally have confirmation of something we all knew about or speculated about. Naked shorting actually is going on in the market. We knew that we talked about it, but we never had full-blown confirmation from mainstream media, and now we got it there's a lot of people. There are a lot of short sellers out there that have been borrowing stock.
They didn't have, in other words, yes, i think there are dynamics where retail dynamics, where retail dynamics, where dynamics where retail investors can get it at this moment. But it's it's really a dynamic where i think this is going after well. Well, well, the got serious mighty fast. It seems that now we hit the holy grail.
Finally, we have confirmation from mainstream media and not only mainstream media. The kings themselves. Cnbc have just confirmed that naked shirts are a thing now. The way this happened was actually quite funny because, being on youtube every day, i know what it's like when you're on tv every day, you're bound to say you don't want to say that's exactly what happened to melissa lee during fast money on cnbc, where she blurted Out something she shouldn't have, but the clip isn't coming from cnbc, because the version that they uploaded of the entire show accidentally didn't have that clip included.
I wonder why maybe an editorial mistake. I don't know when going, but since this is 2021 and you can't make things go away so in the clip we actually hear the explanation. We hear her in the background saying, naked shorts and then her expression is golden. Hair expression says everything she doesn't need to say a word that face says i up: oh my god and actually cnbc deleting that from the final edit of the clip they actually put up on.
The internet is actually worse than just living up there, and i guess i do feel bad for her because being on tv every day, you're bound to up and say you don't intend to say i mean it's just part of the territory. However, naked shorts is a massive problem. If you watch the interview with wes christian on the gamestone youtube channel, which i actually advise that you go and subscribe to it's completely non-monetized. He talks about naked shorting there, and the problem is that the myth is - and i think this actually finally dispels that myth and the more we share this video, the more we make people aware that this happened, even though they deleted the clip, it actually gets more Recognition so wes was talking about the fact that naked shorting was actually outlawed, however, not the actual practice.
In addition, locates were being given on shares multiple times when there's only one share, so somebody would call you know merrill or goldman and say i need to locate those locates would be given multiple times and they would be done so when only there's one share or Two shares, however, in that interview, wes actually explains that naked shorting as a practice is still very common and quite possible. The only thing is that this law prevents you from admitting that you're about to commit a crime, but it doesn't really prevent you from doing it, because it's so simple, the only thing you need to do is you need to say. Well, i think i can locate a share. I have the possibility of finding one if i need one, so i can short sell that this and this clip and actually the stuff that we just heard in cnbc make this into reality. Now it's no longer some fable. Some urban legend and i got ta, be honest with you two weeks ago. I thought this was urban legend and i worked in this industry. I didn't know how bad this thing was.
So now we have mainstream media, bringing attention bringing light, and you know what they say. The best sanitizer for is sunlight. Now we just got ta, bring more sunlight to this, because now we're actually talking about the fact that laws needs to be changed, whether it's the amc movement, the gamestop movement, naked shorting - is still going on every day, because the only thing that's different is people, just Not admitting that naked shirting they're saying well, i can locate and he explains in the interview how you call up a buddy in another institution and hey dude. Can i have a locate yeah sure you can have a locate? Okay, i can short the sale.
So basically, that's the only thing: that's changed now we have this circle, jerk of people just confirming locates for each other, when the shares don't actually exist. What i want you guys to do, and whether you're part of the amca movement or the gamestop movement, i want you first of all go watch the interview with wes christian on the gamestonk youtube channel. It's 90 minutes! That's going to blow your mind like it did. Mine, the other thing is, i want you to share this video and show people that cnbc clip, because we need people to understand that naked shorting is still a thing, because most of the people out there, including myself a couple weeks ago, are sure that naked shorting Is a myth, it's illegal, and it doesn't really happen now as far as what's going on with amc and gamestop here's my thoughts about it, this is definitely an uphill battle.
It's not gon na be over within a day. There's gon na be red days. It could be good days and the core movement of people who are stuck with it since it was two dollars, will still stick with it. There's a lot of opportunist.
There's a lot of speculators. There are a lot of people who are there just to make a quick back and basically that's how you get the red days like we had yesterday. So it is what it is. It's going to be a bumpy ride.
It's not going to go straight line to the moon. In fact, i don't know exactly what's going to happen, but the thing is now: we actually have confirmation for mainstream media that there's a lot of stinkiness going on in this market. That needs to be addressed, and i want you guys to go and spread the word and, as always, a huge huge thanks to the channel members and the patrons for supporting this channel through. All of this, you guys have been amazing. If you want to be part of this, and you want to support us, it's five bucks per month, you can join either the patreon or the channel membership. It's the same perks. Thank you guys. So much i'll see you guys next video.
I haven't seen her since she announced that. Maybe she got fired or on leave.
This is golden. I am putting $1,000 in and holding until it dumps for others who need it more than me.
I am at several million and counting at Friday’s end…. Whew🥲….listen up all ape generals….. want the same for all of you and your armies! (Repeat Daily Secret Formula: EVERYDAY…EVERYDAY…AMC UP or AMC DOWN>>BUY AND HOLD>>NO SELL! NO SELL! NO SELL UNTIL 500K!). Hold strong! DIAMOND HANDS!! AMC To the moon!!!
Im new to all of this but i got a quick question. If its ilegal to naked short. Then Bank of america, jeffreys and JP morgan admitted that they are involved in the malpractice…
“Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options” in GameStop, AMC and MicroVision, the firm said in a memo to clients seen by Bloomberg News. Naked options allow investors to short a stock without owning the underlying securities. Jefferies, which told clients that other stocks may be added to the list, will also no longer permit short sales of those securities.
Zoom out everyone. We're making progress. This is the calm before the storm. CNBC admitting to naked shorting, more brokers not lending shares to HFs, HFs hiding their shorts with their longs making it look like they've covered, NSCC passing 2021-002 on june 21st, About to be part of Russell 1000 June 25th. There's more than 5 times the float of naked shares. Just HOLD AND BUY, OR JUST HOLD!!!!!!!
Is it possible to stop the Burrys and other market manipulators? I do not see a perp walk of these guys and that is what it would take to clean it up.
The hedge fund industry boomed in the 1990s, and value of assets managed by hedge funds worldwide grew steadily until 2007. The value fell markedly the following year because of the financial crisis and did not recover until 2013. In 2020, the value reached over 3.8 trillion U.S. dollars, and the largest share of the assets are managed by hedge fund managers in the United States.
Renowned academic and author Noam Chomsky elucidates 10 principles of concentration of wealth and power that have led to unprecedented inequality and the hollowing out of the American middle class.
"Requiem for the American Dream "
Free to watch on YouTube.
They have stolen so much from average person in America and around the world Trillions
BOSTON (Reuters) – The world's 20 best-performing hedge funds earned $63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show.
As a group, the most successful managers earned half of the $127 billion that all hedge funds made last year, LCH Investments, a fund of funds firm that tracks returns and is part of the Edmond de Rothschild group, reported.
Despite the pandemic that triggered a historic stock market sell-off in March, shut down large sectors of the economy and swallowed up millions of jobs, the 20 best hedge funds topped their 2019 returns of $59.3 billion. That was despite 2020 not being as profitable as the previous year for hedge funds as a whole, which saw earnings fall from $178 billion in 2019.
so . this is illegal right? Surely there will be consequences, right? Hahaha imagine the powerfull being held responcible for their actions.
So this may seem to be a dumb question to many of you, but is the fact that naked shares are being sold make the possibility of the share price rising more real? Does it work in shareholder’s interest in this case?
I would like to thank the network for splashing her face on the screen at just the right time 🤣
Was waiting for Tom Nash to cover the vid since it came out! no pun intended.
It's been exciting watching you get into this. The movement most certainty needs your enthusiasm, curiosity, skepticism, your unique and optimistically pessimistic world-view, creativity, spirit, and brilliance. Thsnks for all you do.
I love the content. But for the love of god, can we stop the “shocked face” for the algorithm? It makes me not want to watch
She may have been the spark this rebellion needed in order to overthrow the First order.
AMC IS GOING OVER $100 this week!! Guaranteed, maybe $200
Naked shorts are pulling all the tricks but we’ve learned from $GME we holding till we bankrupt the hedgies Billions!!
AMC 🚀🚀🚀🚀
How is this confirmation? Common sense alrdy says there are tons of naked shorts in AMC. Confirmation is actual proof, not some news anchor speaking her mind.
She looked like she was surprised he spilled the beans….. Isn't it their jobs to release the news…… or is CNBC working for the Hedges….
I got in a bit late, but the thought pf being part of this economic revolution and possibly the largest transfer of wealth in history is every bit as exciting as the prospect of making some big life changing money! This ape will HOLD!!
Nothing will happen to stop it unless one thing happens…. – someone actually goes to jail… 🤷♂️
Tom nash, I know you like to cover amc since, it's been hyped. Like you said, you did not even knew what was happening with meme stock. Please visit superstonk and read DD. Time to cover GME!!!
Nice that we got confirmation. However, did anyone really think that naked shorting wasn't a thing?
How do they sweep this under the rug? Quickest and least expensive is to push AMC into bankruptcy and buy off their board. Make it all go away?? Damn, hope not!
A slip pf Melissa Lee's tongue is not a slip of her mind. Melissa might have to go back to Bloomberg where she started out. Gr8 capture of Melissa's facial expression