MOASS is cancelled for gme, everyone can go home now. Thanks for playing.
MOASS is cancelled for gme, everyone can go home now. Thanks for playing
Carter Long
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Dominic Gomez
/smg/ get in here too, this also fucks all equities and equity futures. Imagine an HFT AI stamping on your ticker's price... forever.
Kayden Edwards
>NOOOOOOO THEY WERE TOTALLY GOING TO PAY ME BILLIONS AND NOT JUST CHANGE THE RULES!!!!!!!!!!!
I can't believe GME schizos unironically believed that.
Christian Mitchell
>As a CCP, NSCC would interpose itself between the securities lender and borrower and become the counterparty to each entity. NSCC would then be obligated to complete the transaction, that is, to return loaned securities to the lender and collateral to the borrower, even if a lender or borrower in an SFT fails to satisfy its obligations, thereby assuming the risk of each entity’s failure to perform to each other.
doesn't this just give short sellers, not just GME but of every other short seller that has failed to deliver a get out of jail free card? if the gov is stepping into save short sellers, doesn't this mean the bear market is artificial and they short sold so much they can't possibly deliver?
Jordan Bell
They didn't just change the rules, they basically removed any way of keeping score from the game. This is the nuclear option, there is now no organic price discovery in American markets. It's not them stopping MOASS, it's a controlled, silent demolition of the system MOASS would have taken place in. You don't stop a meteor impact by Snappening the solar system, that would be insane, but that's what they did.
Jeremiah Martinez
>they short sold so much they can't possibly deliver?
Yes. The bear market is real though, it's the insane tech price to earninga comig back to earth. The issue was that the bear market was going to trigger a loss of collateral and automatic, contractual liquidations to save something. Now, the entire market is a sham. That makes things look fine, since valuations will be completely made up. But if something comes along to force actual valuations - literally anything to make investors scared enough to look under the hood - it will be even more of a catastrophe than it's already going to be.
Ryder Peterson
>proposal
>the same as legislation being integrated
>implying doing this wouldn't break the market, ruin foreign finances, and essentially be a big admittance that the market was used as a rigged casino until it could no longer benefit those on the inside
lol it's still happening get fucked fag
Luke Sanchez
the SEC just anally raped Any Forums. What are you gonna do about it goy?
Carter Price
>For the reasons discussed below,
the Commission is approving the proposed rule change.
It's unironically over
Julian Martinez
hey goy if it's over why are the borrow rates at this fee%
Sebastian Campbell
>The bear market is real though, it's the insane tech price to earninga comig back to earth.
the 2 aren't mutually exclusive, to my way of thinking they are coinciding in a way and time frame that makes the NSCC and SEC very nervous about the coming months. yes tech has always been (periodically) overvalued, but it's obvious we came to this bear market because people knew that they could short sell, not deliver, and have the NSCC step in. very similar to investment banks in 2008 that just bundled and sold toxic MBS, along with CDS that had AIG on the counter party side, and knew that the fed would step in to provide liquidity as lender of last resort.
Isaiah Price
Did they pull this shit out at the last minute or what? When was MOASS supposed to start?
Angel Hughes
>When was MOASS supposed to start?
Sorry you missed it.
Julian Smith
>When was MOASS supposed to start?
Tomorrow. Literally. Exactly. Precisely. Wednesday. June 1st, 2022. The date on which the FED begins to offload its balance sheet.
Wyatt Ortiz
>the Commission is approving the proposed rule change.
not before we liquidate them in MOASS.
Zachary Gutierrez
>When was MOASS supposed to start?
January 2021.
Joshua Parker
This will never pass. They couldn’t even agree on the auctioned liquidations.
Jace Roberts
Fucking lol. kudos to OP for the heads up. I was just about to ape in for fun.
Easton Diaz
QT is priced in.
Jacob Hall
Op is probably a paid shill. The rule change hasn’t passed and doesn’t do what he alleges.
Austin Hall
Jordan Howard
the moass started in February 2018, it's not solely confined to GME
Nicholas Carter
franknez.com
So, while these new rules could be beneficial to retail investors as far as eliminating naked short selling in the future, it washes away the damage already created by overleveraged hedge funds today.
I strongly believe short sellers should be held accountable to closing their overleveraged positions first.
If the SEC wants to protect the integrity of the market and prevent massive disruption worldwide, they will hold short sellers accountable, relieving all pressure imposed on heavily shorted stock.
Failure to do so will mark the event as the greatest financial theft in stock market history.
We are on the brink of massive change.
History is being written; one of two decisions will be made, and the outcome will last forever.
SEC Email: [email protected]
looks like old news
Nathan Hall
Why are people always so angry against short sellers?
Anthony Diaz
we were so close bagbros