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react to trey collins on fox business so we're going to play what fox said we're going to react to it it's going to be really fun it all has to do with amc and the reddit revolution also want to hit the technicals really quick for amc just to give you a catch up if you haven't already been caught up we've got our line here drawn at 5085.
we've been balancing around this line we had decent support earlier we did break below support couldn't get back across the line right now we are consolidating below it this is the five minute view if i go to the one hour view we see that amc really has been consolidating around this line for the last few days uh since our run closer to june 2nd and june 3rd since then we've sort of been bouncing around this line again if we break this it is possible that 40 43 is in the future hopefully we don't break this and we close above the blue line and we keep that support and that momentum moving up we do have some technicals to consider though we could look at or tax data that shows that about 17 and a two-thirds of a percent of shares are available to be lent we're at 82.35 percent share utilization versus close to a max utilization seven days ago which is when we did see a bit of a squeeze we could also or at least the squeeze in prices going up we don't want to say that it was these squeeze yet but we definitely saw some massive price action last week this right here is a put call ratios or it was a chart of put call ratios so the higher the number the more puts you're getting lower the number the less puts you're getting right now we're still an elevated level of puts to calls lots more call action over here any number below one means more calls so throughout february and may we really had mostly calls but we had massive increases in put purchases at the beginning of or the end of may here and the beginning of june this right here being around june 3rd june 2nd june 3rd and so since then we have come down we're still at an elevated level of puts slightly greater than where we are with calls 1.39 puts for every call contract that exists right now so the level of shorting at least synthetic shorting has come down remember synthetic means it doesn't actually affect shares it's just an options play this is why we can have synthetic shorts we can have synthetic lungs which is of course different than naked shorting which is a practice that if intentionally done is illegal if unintentionally done which commonly gets done is is technically not a violation of securities laws now let's go ahead and jump over that although much harder to track also very common during liquidity events or lack of liquidity events we have plenty of liquidity right now so we're not expecting too much of too much naked shorting instead we want to keep an eye on those synthetic shares then we do also have data on short interest we're going to go ahead and pull up the black app just so we can get the latest data here on amc and gme and then we're going to go ahead and react to trey collins so take a peek at this here this is amc right here amc is at 12.5 percent gme sitting at 19.26 but what's more important folks is that we pay attention to the actual chart here you'll notice that we really recently had this inflection point around june 2nd and june 3rd which is right around the time we had about a 95 closing day in amc since then we have seen amc short interest a fall now this data could be wrong they could be lying to us they could be screwing us but this if this data is accurate implies that there was at least some degree of squeezing that happened uh last week that would be about an eight to nine percent uh level of squeezing okay now let's go ahead and react to trey on fox business we've got the recording right here let's hop right into it and uh share some commentary as necessary let's go lines and the pool of names by the way continues to widen and being swept in now moments ago just about an hour and a half ago it got the attention again of the sec of course they've been looking into this but now it looks like perhaps chairman gary ginsler who kind of alluded to this at the piper sandler conference that there are considerations being made now for changing the rules and how u.s stocks are priced and traded now that could include shortening settlement cycles i want to welcome back to the show the host of trace trades on youtube trade collins and trey you know part of this is faster settlements we know this t plus two is a long time for stocks to settle it allows for a lot of high jinks a lot of shenanigans by hedge funds your thoughts are maybe a t plus zero or t in the evening getting these traits settled much quicker what would that do for these shorts to prevent this sort of shorting that we're seeing quick update in case this doesn't make sense settling is the process of when you sell a stock or buy a stock your broker fulfills that for you but it takes two days to complete the transaction with the other party to match up the other person and have money completely clear in that process a lot of shenanigans can take place which is exactly what charles here is mentioning this is why blockchain technology has actually been considered a potential solution for settlement time frames to where we can get instantaneous settlement or same-day settlement same-day settlement was probably going to be much more realistic than instantaneous settlement for for the foreseeable future this is something by the way that i talked about with with the robin hood ceo in my interview with the robin hood ceo about why don't we have t plus zero why don't we settle trades right away it would eliminate a lot of the issues with collateral requirements that led to the freeze of gamestop trading at robinhood and so going to t plus 0 would be great or t in the evening which sounds like having like coffee in the evening tea in the evening but it's actually settling by the evening so buy the clothes let's go hey charles first i'd like to you know thank you again for letting me come back on to fox business to chat with everybody and represent the apes and the retail investors it'd be an awesome opportunity because i think what is lacking that wall street and the big guys have is opportunity to have information very quickly regarding different short interest data and analytics and what's actually happening in the cycle here's the fact ortex which is a short interest data website has a t2 cycle meaning that we have two days until the return shares on any sort of loan are reported to the average retail investor and what's sad about that is that the average wall street guy will get that information much quicker than the little guy over here on the streets will uh it would be a huge monumental sort of shift that would happen and it gives some more you know availability and free market to the retail investor right on by the way right on more faster settlement more transparency better for retail investors this is good would it do anything for naked shorting or the does uh you know or do they just simply have to enforce the rules for that so naked shorting it's it's it's funny charles because i saw on cnbc that uh melissa lee had had slipped up and talked about naked short selling now this is something that the retail investor and the apes have been talking about for about six months now watching you know amc stock particularly is this is blatantly happening and there are a lot of rules and regulations that are coming out and a settlement time of t0 would definitely crack down on a lot of this naked short selling the system is built in a way that these guys can get away with it in fact they slipped it up so easily on cnbc that it didn't even seem like a big deal it was nonchalant however it's an illegal practice and that legal practice needs to get cracked down on i also think there's an interpretation from ginsler's comment to greater transparency like payment for order flow a lot of people were shocked about it the experts on wall street say you the investors should be thankful for it it's never been this cheap to transact to try to do transactions but it feels unseemly right this sort of almost cannibalistic nature of these relationships would you like to see greater transparency no i want to interrupt here quickly and just say you know what's absolutely nuts about the market maker model of oh trying to get you the best execution is that when it comes to you putting in a trade and then market makers taking your trade and suggesting oh well we're trying to save you money so we'll give you the best execution to make sure we can save you as many pennies per share as possible the reality is there is a premium level of execution and that premium level of execution is actually better than best which is really frustrating because brokerages tell us oh you're getting the best execution don't worry about how the market makers work you're getting the best but best is actually not the best it's just the level labeled best so it's kind of think of it like there's good and then there's great except they're calling good best when in reality great is the best but they're not telling you that and that's really really really really annoying that should be much more transparent oh 100 100 charles you'd love to see transparency that's the issue with what you see happen on some of these big wall street firms is they're not transparent in the least bit you can go through a variety of different ways whether it be dark pool training so that you know different brokers will go through a dark pool system and you don't have to have as much transparency for the inkling of a cent like a tenth of a penny or a hundredth of a penny transaction gain i mean that in and of itself speaks volumes about how much these guys want to hide a lot of their transactions particularly regarding short selling trey i got to get this in but i don't have a lot of time i want to talk about the reddit community itself for a moment right yesterday someone posted a link to an sec s4 amendment filing it was from northern star investment corp 2.
and it pointed to a legal proceeding on page 186 now part of it read plaintiffs allege that apex along with over 30 other brokerage trading firms and or clearing firms including robin hood barclays citadel and dtcc engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely now to to stop losing money on short sale positions that's what it read listen we're not lawyers i don't want to speculate on this case at all i just want to say to me it's impressive the reddit community how they unearth things like this some of filing an innocuous filing page 186 why did the pros keep underestimating your intelligence and how committed you are to this i think these pros that the people who quote unquote are smart money don't understand that the retail investor is not stupid the the average person out there can put together a lot of different resources due diligence crunch numbers whatever it may be and find out some really cool things this is news but it's not new news these are things that we have uncovered over the last six months as individual retail investors doing research on the stock here's a fact this is something that you know brought me to believe that this could be happening is the heavy leveraging the margin debt that you have in the economy right now the u.s stock market there's 847 billion dollars of debt coming from margin the stock market and the majority of them just so you know that level of and i'm going to talk about that amendment in just a moment but that level of debt is the highest level of debt we have ever seen in margin markets and it continues to go up it gained three percent last month almost 200 billion has come in the last six months that is not a coincidence these hedge funds are playing with fire and eventually going to get cracked down on and that's as simple as it gets you got to work with me trey real quick the greatest risk to this movement is it regulations is it investors running out of money is it the federal reserve hiking rates so let's quickly discuss this amendment 64 because it's worth noting this amendment 64 that alleges this coordination between brokerages in influencing the price to the benefit of hedge funds i want to show you exactly how easy it is to find what it is and what it means okay so bottom line northern star is a spac they're taking apex public apex works with companies to do security clearing like weeble and m1 finance apex is being sued along with robin hood and many other brokerages for what happened with gamestop there are over 30 lawsuits against robin hood these are all being consolidated into like a massive class action filing and so what was actually read and charles mentioned this but it was easy to miss charles mentioned that this is a quote from a legal proceeding it's just worth being very clear here that this is an allegation so it's an allegation and all you have to do is type in robin hood on the apex filing and you'll find this but plaintiffs allege that apex along with over 30 other brokerages robinhood included barclays citadel etc coordinated in in a conspiratorial manner in violation of antitrust laws to prevent customers from operating and trading freely in a conspiracy to allow certain of other defendants primarily hedge funds to stop losing money on short positions like gamestop that's the allegation here it's worth seeing this in context here i would just want to make that very clear that it is just a a basic summary of the lawsuits that are happening it's not drawing any kind of conclusion let's now get back to hear trey on the biggest risks absolutely yeah no problem so i think the greatest risk is infiltration there's no strange you know stranger to the note that these big hedge funds and firms will pay people to infiltrate the community and act like one of us we have to watch out for those people and recognize that this is not the normal way and stick true to your convictions simple as it gets all right trey thank you so much for sharing your comments and good luck to on everything coming up freaking awesome by the way that we've got trey representing the community on fox biz shout out to trey trades awesome awesome awesome so uh let's do a summary here okay so big risk infiltration of of maybe hedge funds dressing up in suits i'm wearing a suit but i am wearing jeans okay so that does soften that a little bit uh hedge funds uh or maybe not dressing up in suits but hedge funds setting themselves up as insiders when they're really not insiders i want to show you i have zero put positions or short positions against amc i am only long on amc i have always promised to you that i would show you exactly what we've got and uh i would show that to you no matter what so we're going to go ahead and show you this i do believe that right now the momentum the temporary momentum is is in a manner of consolidation for amc it is one where we are hunting for a catalyst and while we hunt for catalyst we could potentially trade sideways or down to some other support levels there you go there's my live amc position right now down about three thousand one hundred dollars to a market value about 70k so there you have a full update on amc from me i'm super excited for that next catalyst to come in the meantime we're hodlin we're looking at other opportunities as well especially long positions to add and folks we'll see in the next
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