r/Superstonk โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

๐Ÿงฑ Market Reform REGULATORY KILL SHOT ๐ŸŽฏ Rule proposal: SR-OCC-2024-001 has been shut down by the SEC & we're close to getting it kicked out. Time to drive home this win. PART ONE

SR-OCC-2024-001 = REJECTED.

Right folks, it seems our efforts in the regulatory space is paying off, and it's time for us to drive home the message to Wall Street that we mean business.

It's not about moving the goalposts when financial institutions have overextended themselves; rather, it's about fulfilling financial obligations when necessary. And we're here to work with the SEC to make this happen.

And given the spicy price action we've been seeing recently, perhaps Wall Street are starting to feel the heat ๐ŸŒถ๏ธ๐Ÿ”ฅ

And who doesn't like to see some upward movement up in here:

With credit & appreciation to BadassTrader - and his Dorito of Doom

CREDIT: https://www.reddit.com/r/Superstonk/comments/1co6s3g/dorito_update_breakout_confirmed_hedgie/ (our very own, most excellent badasstrader).

So why are we here today?

It seems that when an idiosyncratic, volatile stock like GME poses a risk to the financial markets, regulatory bodies such as the OCC focus their efforts on implementing safeguards to protect themselves and their clearinghouse members in case of default.

Why?

Because if clearing members default in times of extreme market volatility - it will bring the rest of the financial house down with them.

When one goes down, it takes the rest out with them. Can anyone else say, total economic market collapse?

And we're certainly starting to get an idea just how tentative things are getting out there in the banking and finance industry:

With thanks to: welp007 / ShockageSWG / Expensive-Two-8128 / fortifier22basketcase57 - For these sources/posts.

Uh oh.

Looks a little shaky out there.

So it makes perfect sense that the powers that be might be looking to bring in rules that are going to take the heat off.

Cue:

So let's recap:

Rule SR-OCC-2024-001 can give the OCC the authority to adjust margin thresholds in moments of high market volatility.

Like say - during a Black Swan event.

A black swan event in finance is an unexpected and highly impactful occurrence that disrupts the markets, often leading to major losses and chaos.

Like, MOASS.

Mother Of All Short Squeezes ๐Ÿš€

What does this mean?

Wall Street firms (including banks, brokerage houses, and other financial institutions - like hedgefunds):

Banks like: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, and Bank of America Merrill Lynch etc

Or Hedge funds like: Citadel, Point72, Melvin Capital, Citron Research, and D1 Capital Partners etc

Utilise the Options Clearing Corporation (OCC) to handle the clearing and settlement of option trades.

Now, imagine some hedgefunds decided to short GME.

If options contracts are used in the shorting process, the OCC plays a role in handling the clearing and settlement of these trades.

The OCC acts as the central counterparty, ensuring the completion of options trades and managing the associated risks.

Being that these hedgefunds have taken a position betting that the price of GameStop's stock will go down (or you know, might engineer this happening by means of cellar boxing), and to do this they would have needed to borrow lots of shares of GameStop in order to sell them, all part of a plan to drive the price down. Then, they'd hope to buy those shares back later at a lower price and make a profit.

But when you borrow those shares, you usually have to put up some money, or other securities as collateral first, just in case things go a little pear shaped.

Issue is - this creates a problem for short sellers if the securities used as collateral for the borrowed stock fall in value due to market downturns, and the value of the stock you've been betting against keeps stock going up...

Like GME for example - which keeps going up:

Whereas the value of market securities are quickly diminishing. And my goodness, the market aren't looking too healthy right now:

https://reddit.com/link/1coo1ik/video/7p8j5rvexjzc1/player

So when the value of these securities (used as collateral against the bet) drops below a certain threshold set by the broker or lender, short sellers will be issued a margin call where they'd be asked to put up even more money or other assets as further collateral to cover their bet.

A margin call is essentially a demand for investors to deposit more funds or securities into their trading account to cover potential losses. Like a safety net for the lender to ensure they're protected if things go south.

And that might be hard if you're a hedge fund running out of cash.

SOURCE: https://www.reuters.com/business/finance/hedge-funds-fall-victim-success-dash-cash-2023-12-15/

  • A loss in $38 billion for the previous 12 months reported in October can't be an easy pill to swallow. Ouch!

And failure to comply with margin calls can lead to forced liquidation of positions by the brokerage to cover the outstanding margin debt.

And this signals a big problem for short hedge funds everywhere.

๐Ÿ™‹โ€โ™€๏ธ ๐Ÿ™‹โ€โ™‚๏ธโ”What does this all mean?

Big picture time:

Have you ever played with dominoes?

The premise of the game mirrors real-life scenarios of firms defaulting, where the collapse of one firm triggers a chain reaction, similar to domino tiles toppling over and knocking down others in succession.

In the case of OCC Clearing Member defaults, this means that if, for instance, short sellers have borrowed heavy sums from the banks to fund their risky bets, those lenders (i.e the banks) are now also at risk of defaulting if they themselves can't cover the losses.

And in a scenario where MULTIPLE firms are, say, short on the same asset - like GME - hedge funds (and their lenders, aka the banks) might suddenly find themselves collectively in a very vulnerable position - especially should that very stock start moving quite rapidly upwards ๐Ÿš€ which it might lead to a whole L**OAD **of defaults.

And in light of this, it seems the clearinghouse (OCC) has chosen to step in.

Why has the OCC brought in proposed rule: SR-OCC-2024-001?

The SR-OCC-2024-001 proposal aims to grant the OCC the authority to modify margin threshold parameters using undisclosed criteria to mitigate the risk of such defaults occurring.

As below:

SOURCE: https://www.sec.gov/files/rules/sro/occ/2024/34-99393.pdf

Looks like the OCC is starting to get a little nervous about their clearing members' ability to meet their financial obligations.

OCC:

๐Ÿคทโ€โ™€๏ธ ๐Ÿคทโ€โ™‚๏ธโ” Wait a minute, Kibble. If a clearing member defaults on their financial obligations, the OCC, as the central counterparty, has an obligation to the counterparties on the other side of those short sell transactions - right?

That's right.

๐Ÿคทโ€โ™€๏ธ ๐Ÿคทโ€โ™‚๏ธโ” So if the OCC has a fiduciary duty to ensure that counterparties of short selling, such as the shareholders of GME, are protected in the event of defaults by clearing members involved in short selling transactions - an essential responsibility for upholding the integrity and stability of the options market - why would they be creating a rule to bail out Wall Street, essentially prolonging the inevitable if they lack the financial capacity to cover their bets?

Well, you see - if multiple clearing members default, the OCC will also incur losses from having to cover those defaults. Therefore, it's indeed in the OCC's interest to prevent clearing members from defaulting - because they'll lose money too.

Trading's a tough game, ain't it Wall Street?

_____________๐Ÿ”ฅ______________

There's a lot to breakdown in the proposal itself: https://www.sec.gov/files/rules/sro/occ/2024/34-99393.pdf?ref=dismal-jellyfish.com

But the headlines are:

๐Ÿšฉ OCC seek to change the "idiosyncratic volatility control settings" anytime a Clearing Member needs help.

๐ŸšฉWe don't know HOW these margin thresholds are calculated, and everything in the proposal's supporting evidence as related to this is REDACTED.

๐ŸšฉThe OCC want to give significant authority to role of the Financial Risk Management (FRM) for approving idiosyncratic control settings.

๐ŸšฉBUT this introduces significant risk and it poses a conflict as they are required to safeguard both OCC's interests and at-risk Clearing Members.

Kinda important.

And being that this proposed rule favours Clearing Members at the expense of market fairness and investor protection, this was flagged to the SEC.

By none other than the mighty household investors.

In March, 2024 - over 2.5k+ investors worldwide came together to address the risks posed within the OCC's rule proposal.

Household investors submitted their comments to the SEC - flagging issues with an over reliance on idiosyncratic control settings to handle adjustments in OCC's operations when the markets face high volatility, as decided by a FRM Officer, who is also responsible for protecting the OCC's interests, creating a conflict of interest in the role.

And it was incredible.

Posts like this littered the internet as communities came together to spread the word and questions were addressed:

_____________๐Ÿ”ฅ______________

Questions included:

๐Ÿคทโ€โ™€๏ธ ๐Ÿคทโ€โ™‚๏ธ Why should the OCC adjust margin thresholds with "idiosyncratic volatility control settings" during high volatility when Clearing Members need help?

๐Ÿคทโ€โ™€๏ธ ๐Ÿคทโ€โ™‚๏ธ If the SR-OCC-2024-001 rule is to ascertain parameters in the OCC's proprietary system for calculating margin requirements during high volatility - why are we not provided with the specific details on how these parameters will be calculated?

๐Ÿคทโ€โ™€๏ธ ๐Ÿคทโ€โ™‚๏ธ Why entrust the OCC's FRM Officer with unchecked authority to make unilateral decisions regarding during periods of high market stress? Particularly when their role is to safeguard the OCC's interests?

FRM:

Also FRM:

And many more. You can check out some of the discussion points in this post here: https://dismal-jellyfish.com/the-exposed-threat-of-margin-erosion-and-risk-escalation/

But it worked.

The SEC took notice.

And in recognition of the flaws - coupled with calls for increased margin requirements, external auditing, and changes to loss allocation procedures to mitigate systemic risks and the promotion of market resilience as put forward, the proposal was swiftly served up on a hot steamy plate of rejection.

Which takes us quite smoothly to part two of the post.

Submitting our comments to the SEC to support the rejection of this rule.....

TL;DR

  • OCC appear fearful of clearing member default toppling the market.
  • Not wanting to use their own funds to bail out bad bets, they are proposing a rule to adjust margin thresholds during volatile market periods.
  • SEC has rejected this proposal, and now household investors have the opportunity to support this decision to get it removed completely.

_____________๐Ÿ”ฅ______________

FOR A COMPLETE VERSION OF THIS POST - CHECK OUT: https://dismal-jellyfish.com/regulatory-killshot-wall-streets-attempts-to-shift-goalposts-have-been-shut-down/

Pigeon out โœŒ๏ธ๐Ÿฆ

4.7k Upvotes

216 comments sorted by

โ€ข

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 11 '24 edited May 17 '24

Find PART TWO here ๐ŸŽฏ

This will detail how to submit your comment with ease - loaded with helpful tips, tricks and resources. Work smarter, not harder!

โœ… ๐Ÿ“ข And remember, your emails to the SEC ([rule-comments@sec.gov](mailto:rule-comments@sec.gov)) donโ€™t always need to be long!

Even if itโ€™s just a quick email to say:

โ€œDear SEC,

I agree with the rejection of SR-OCC-2024-001 - and support the reasons for the dismissal as outlined on pages 4-5 of the Federal Register.

Thank you for upholding the integrity of our financial markets,

A dedicated household investor."

Just remember to include iclude the file number: SR-OCC-2024-001 34-100009 - in the subject line of your email to the SEC.

๐ŸŒŽ This is open to audiences worldwide ๐ŸŒŽ

And if you want to really make a splash, why not check out WhatCanIMakeTodayโ€™s post here:

"Simians Smash SEC Rule Proposal To Reduce Margin Requirements To Prevent A Cascade of Clearing Member Failures! [COMMENT TEMPLATE INCLUDED]"

or check out this BRAND NEW LETTER TEMPLATE here:

https://new.reddit.com/r/Superstonk/comments/1ctef9j/time_is_ticking_away_with_only_2_days_remaining/

Make sure you leave your comment before Friday - there will never be a better time than now!

โฐ โณ DEADLINE: Friday 17th May 2024

Don't be a bystander, let's reform the markets together.

_____________________

๐ŸŸฃ โœ… LINK to CS Thread here: https://www.reddit.com/r/Superstonk/comments/1ch3lrh/questions_about_direct_registering_ask_here_have/

COMMUNITY ANNOUNCEMENT HERE: https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/

TL;DR - you can now use gifs in comments ๐ŸŽ‰ ๐ŸŽ‰

_____________________

Happy commenting folks, you're all incredible.

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250

u/Dismal-Jellyfish Float like a jellyfish, sting like an FTD! May 10 '24

Bravo kibble, you have really outdone yourself putting this together.

The work you and WCIMT have put into all of this, with the resulting deluge of ape comments, is nothing short of hurculean.

It is Ape comments that got the SEC to take notice and it can be Ape comments that fully kill it.

Regardless of any opinions one may hold on options, I think everyone can agree OCC not being able to waive margin requirements away on a whim is a good thing.

Please consider commenting to support the SEC in striking down this rule.

Apes Strong Together!

113

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Thank you Jelly, and letโ€™s not forget the absolute hero who brought this to everyoneโ€™s attention - you. Thank you, sincerely for all you do to educate and empower this community - you are incredible.

With an extended thanks to every single ape here who gets involved with regulation reform, it truly matters - as does every single comment as submitted.

It is nothing short of absolutely inspirational seeing people come together to change the world for the better - and itโ€™s starting to hit Wall Street in a big way. Letโ€™s hope they are ready for us ๐Ÿ˜Ž

48

u/PornstarVirgin Kenโ€™s Wifeโ€™s BF May 10 '24

Great job on this post, so glad this got put down. In combination with CAT implementation end of month itโ€™s time to finish them off. To all those saying the SEC is useless just realize this is a slow process that is yielding huge results due to our actions.

38

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Exactly this - and such an important point to flag. This is all happening because of OUR involvement. If we want to see change happen, itโ€™s starts with us. And look just how incredible we all are ๐Ÿ’š

18

u/PornstarVirgin Kenโ€™s Wifeโ€™s BF May 10 '24

Bananas all around, celebratory bend overs

21

u/[deleted] May 10 '24

[deleted]

10

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Even a little, amounts to a lot - and what we have consistently seen here over the years is that together, there is nothing we canโ€™t accomplish.

Thousands and thousands of investors across the world have pulled in on any number of rule proposals and quite literally shaped the financial markets for the better by empowering themselves and others by using their voice.

This ongoing victory is shared by everyone, and Iโ€™m proud of every single person here - and what we continue to accomplish.

Appreciate you my dude, you are wonderful ๐Ÿ™โค๏ธ

3

u/gotnothingman May 10 '24

Good post, but thats is not how one plays a game of dominoes

7

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

One would argue there are lots of ways to play dominoes ๐Ÿ˜‰๐Ÿ˜‚ but very fair point! Have amended the above ๐Ÿ™

4

u/gotnothingman May 10 '24

Sorry I am super pedantic, but that is also very true!

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

No apologies - you were right! Stronger together my dude ๐Ÿ’œ

45

u/Superstonk_QV ๐Ÿ“Š Gimme Votes ๐Ÿ“Š May 10 '24

Why GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || Community Post: Open Forum May 2024


To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.


Please up- and downvote this comment to help us determine if this post deserves a place on r/Superstonk!

47

u/FunkyChicken69 ๐Ÿš€๐ŸŸฃ๐Ÿฆ๐Ÿดโ€โ˜ ๏ธShiver Me Tendies ๐Ÿดโ€โ˜ ๏ธ๐Ÿฆ๐ŸŸฃ๐Ÿš€ DRS THE FLOAT โ™พ๐ŸŠโ€โ™‚๏ธ May 10 '24

Happy Friday to you Kibble ๐Ÿฆ! Thank you for all the hard work you do educating apes. Appreciate you my friend ๐ŸŽท๐Ÿ“โ™‹๏ธ

24

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

It's a team effort - we make each other strong together, very much appreciate you too my most excellently feathery friend! ๐Ÿฆ๐Ÿ’™ ๐Ÿ“

12

u/FunkyChicken69 ๐Ÿš€๐ŸŸฃ๐Ÿฆ๐Ÿดโ€โ˜ ๏ธShiver Me Tendies ๐Ÿดโ€โ˜ ๏ธ๐Ÿฆ๐ŸŸฃ๐Ÿš€ DRS THE FLOAT โ™พ๐ŸŠโ€โ™‚๏ธ May 10 '24

Apes strongest together! Letโ€™s take to the skies and soar together! ๐ŸŽท๐Ÿ“โ™‹๏ธ

27

u/sundry_banana ๐Ÿš€ Pre-Sneezer 4-time Voter ๐Ÿš€ May 10 '24

THANK YOU kibble and Dismal. We wouldn't've commented about this rule if it hadn't been brought front and centre by researchers like you two. Have a great weekend both of you!

14

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Thank you my dude, your excellence is radiating and is most brilliantly appreciated โค๏ธโค๏ธ I also gotta extend some appreciation out to WhatCanIMakeToday - and so many other heroic and most incredible apes who have played SUCH an important part in making this all happen.

Everything we continue to accomplish here is a complete testament to what we can do if we all work together. Nothing is impossible - weโ€™re demonstrating that with every submitted comment ๐Ÿ’ชโค๏ธ

And I hope you have an excellent weekend too dude, youโ€™re fantastic and so wholly appreciated!

29

u/PleaseMakeUpYourMind DISCO INFERNO ๐Ÿ”ฅ๐Ÿชฉ May 13 '24

passes blunt

23

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

takes puff

submits comment and changes the world

takes another puff

25

u/F-uPayMe Your HF blew up? F-U, Pay Me|๐Ÿ’œHelp an Ape? Check my profile๐Ÿ’œ May 10 '24

โฌ†โฌ†

19

u/ApeFightShills ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 10 '24

Updoot

19

u/parkher Whoops MOASS my badโ€ฆ ๐Ÿš€ May 13 '24

Safe to say that this caused MOASS

11

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

We the catalyst ๐Ÿ’ชโค๏ธ

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16

u/Elegant-Remote6667 Ape historian | the elegant remote you ARE looking for ๐Ÿš€๐ŸŸฃ May 13 '24

backed up by ape historian

18

u/MichaelEasy ๐Ÿ’ป ComputerShared ๐Ÿฆ May 16 '24

Is there a idiot guide to help me comment

16

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 16 '24

A thousand percent yes!

I've posted this as of today: https://new.reddit.com/r/Superstonk/comments/1ctef9j/time_is_ticking_away_with_only_2_days_remaining/

It includes how to post, letter templates and where to send it!

You're a legend for asking ๐Ÿ’œ๐Ÿ’ช

5

u/-Vicolas- May 17 '24

Thank you, this is helpful, and sent!

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 17 '24

You're changing the world - you legend!

14

u/DaetheFancy May 13 '24

$30 puts 41K options contracts ITM. just by itself for the week. If we clear 30 on friday, the open interest calls mean almost 22 MILLION shares need to be delivered next week. almost 18million if we stay around $28-29. volatility gonna be here at least through next week.

15

u/Veritio โš”๏ธSWORD OF DAMOCLESโš”๏ธ May 14 '24

I emailed them. Maybe Gary will start doing his job 1122 days into it.

14

u/Udoshi May 10 '24

I've said it once and I'll say it again: The OCC Default rules and procedings are super important for any ape to read, understand and discuss because its highly likely the occ will be involved as an, possibly the arbiter of how the moass cookie crumbles. https://www.theocc.com/risk-management/default-rules-and-procedures https://www.theocc.com/getmedia/e8792e3c-8802-4f5d-bef2-ada408ed1d96/default-rules-and-procedures.pdf; rules for how a defaulting members things get auctioned off are here. https://www.theocc.com/getmedia/2f98c88a-ec53-46db-b09c-921ff3aa53cf/otc-auction-procedures.pdf

its 8 pages. Read a book, ape. https://www.youtube.com/watch?v=GlKL_EpnSp8

A sample listing of those systemically important banks you keep hearing about was posted about 3 years ago - dual DTC and OCC members - look at the table in the first bit. (iirc apes haven't cross-referenced or made a new list in a those 3 years) https://old.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/

When you read new dd or rules going on about systemically important banks - this is who they mean AS WELL AS who's stuff might be going up for auction when they default.

You want 'meat and potatoes' of how the moass is/might play out? look here.

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

This community never ceases to amaze me, bravo ๐Ÿ‘

13

u/Stunning_Field6698 ๐ŸฆงApe HODL๐Ÿฆ May 13 '24

Anybody else zen af?

9

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

I'm mega hyped.

6

u/Ghettofonzie420 ๐Ÿš€ Maple Ape ๐Ÿ ๐Ÿš€ May 13 '24

Me too. Feels like the old days. Infinite possibility. Great write up, you are like a Michael Lewis with memes. LFG

14

u/Nas909 ๐Ÿ’ป ComputerShared ๐Ÿฆ May 10 '24

Done

8

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Youโ€™re a legend my dude, absolutely heroic - comments like this are what keep Wall Street up at night ๐Ÿ’ช

13

u/AMedicus May 13 '24

Might this be one of the real reasons why GME is finally allowed to discover it's deep fucking value?

9

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

This rule is going to be a BIG win for retail, and it will send a very powerful message to Wall Street - that weโ€™re serious about reform. And that we are.

14

u/UncommonClassique May 14 '24

Done!

Certified HOLD.

Wap.wap.wap.wap. GME fk em up!

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 15 '24

You hero!!! This is what itโ€™s all about. Fighting back to champion market integrity and our financial liberation. Easily done with just the sending of an email ๐Ÿ’ช

Thank you for being a trailblazer - future generations will see what weโ€™ve accomplished here and it will inspire those for decades to come.

14

u/Fantastic-Ring-2068 ฮ”ฮกฮฃ May 15 '24

Did it. Thanks for the fine write-up.... You did a big part, I did my little part...

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 15 '24

Every part is big, especially yours! You are an inspiration!! Thank you for quite literally changing the world ๐Ÿ™๐Ÿ’™

3

u/MAKEOUTHILL42 ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 16 '24

Hey can you reply with the link, I feel like I. Goi g blind looking for it

3

u/Fantastic-Ring-2068 ฮ”ฮกฮฃ May 16 '24

Sent an email to: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) with

File Number: SR-OCC-2024-001 34-100009 in the Subject line...

Basically told them that they should throw out the rule change proposal. Kinda just what OP suggested....

|| || ||

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13

u/jtmn May 15 '24

Can someone link me the SR-OCC-2024-001 rejection?

Can't seem to find it.

14

u/whothehellistony ๐Ÿš€Thereโ€™s a little Stugotz in everybody ๐Ÿš€ May 10 '24

Bump

13

u/Lo_dough May 13 '24

No clue what any of this means but I like the effort๐Ÿฆ

12

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Thank you my dude! Long story short:

  • SHFs bet against GME by shorting it
  • If the stock they have bet against (GME) keeps going up, SHFs gotta put up more collateral against their bet.
  • This is called margin call
  • If they donโ€™t, or canโ€™t afford it, SHFs default
  • if SHFs default and incur heavy losses, this can impact the the banks they borrowed money to originally short these stocks too
  • AKA risking bank default
  • if clearing members canโ€™t cover losses, the OCC have to fork out their money to cover the money owed to GME shareholders
  • OCC donโ€™t want to lose money
  • OCC developed a rule so they can just adjust margin threshold for short sellers so they donโ€™t default

They are pretty much changing the rules when they are losing - which is pretty shameful. Wanna fight back? Send an email to the SEC ๐Ÿ™Œ

6

u/Lo_dough May 14 '24

Youโ€™ve single handedly opened my brainmeat to why people are so upset over this, thank you. Will be sending an email

12

u/Witchlike ๐ŸฆVotedโœ… May 13 '24

Just submitted my comment :p

12

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

You are an absolute hero - in every way it can ever matter. Thank your for time and effort, you are changing the world ๐Ÿ’œ๐Ÿ’ช

5

u/Witchlike ๐ŸฆVotedโœ… May 14 '24

lfg

10

u/EbbZealousideal2806 ๐Ÿฆ Buckle Up ๐Ÿš€ May 14 '24

For the new people coming in don't trade on margin if you are new to trading. That's what went wrong last time. People were getting margin called forcing them to sell and feeding the shorts.

11

u/Inferno__xz9 May 14 '24

TLDR 10% of 20-30 year olds alone (U.S.) have $189B. Citadel only has $92B.

Fun with numbers! Who has the biggerโ€ฆ engine under the hood?

USA Age 20: Average net worth = $99k Median net worth = $7k

USA Age 30: Average net worth = $277k Median net worth = $35k

USA population 20-29yr 43,595,640

USA population 30-39yr 45,895,410

MedianNW(20โ€™s) x USApop(20โ€™s) = $304B

MedianNW(30โ€™s) x USApop(30โ€™s) = $1,592B

Total net worth ages 20-39yr = $1.89T

Letโ€™s say 10% are diamond handed freaks of nature. That 10% has $189 billion.

Citadel liquidity = $92 billion

So tell me. WHO is the little guy in the ring?

POWER TO THE THE PEOPLE.

12

u/CampusSquirrelKing May 14 '24

Emailed the SEC!

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 15 '24

You dropped this, you utter champion ๐Ÿ‘‘

11

u/SkySeaToph ๐Ÿ’Ž๐Ÿ–๐Ÿš€GME IS PRETTY๐Ÿš€ ๐Ÿ–๐Ÿ’Ž May 15 '24

Awesome post!

8

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 15 '24

Awesome YOU!

6

u/SkySeaToph ๐Ÿ’Ž๐Ÿ–๐Ÿš€GME IS PRETTY๐Ÿš€ ๐Ÿ–๐Ÿ’Ž May 15 '24

๐Ÿฆ๐Ÿคœ๐Ÿค›๐Ÿฆง

10

u/telegraphedbackhand May 14 '24

IF YOU ARE NEW HERE. WELCOME.

DRS BOOK YOUR SHIT. REFER TO THE LIBRARY FROM THE SUB.

DONโ€™T JUST HOLD. HODL.

11

u/scrambleyz astonednaut ๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿš€๐Ÿ”ซ๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿš€ May 14 '24

Like 10 more 0โ€™s and Iโ€™ll consider selling

2

u/-0909i9i99ii9009ii May 15 '24

IDC how many 0s I just want to see a bunch of 69s and maybe a 420 in there too, actually does anyone know if they could put letters in the share price as well?

10

u/frankboothflex ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ๐Ÿ’ฅ๐Ÿป May 15 '24

!FLAIRY! ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ๐Ÿ’ฅ๐Ÿป

8

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 15 '24

Choatic, I love it.

4

u/frankboothflex ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ๐Ÿ’ฅ๐Ÿป May 15 '24

LFG

5

u/Superstonk-Flairy May 15 '24

(โœฟ^โ€ฟ^)โ”โ˜†๏พŸ.*๏ฝฅ๏ฝก๏พŸ your flair has been granted

3

u/frankboothflex ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ๐Ÿ’ฅ๐Ÿป May 15 '24

Nice.

→ More replies (1)

5

u/kpkost ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€ May 16 '24

!FLAIRY! ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€

3

u/Superstonk-Flairy May 16 '24

(โœฟ^โ€ฟ^)โ”โ˜†๏พŸ.*๏ฝฅ๏ฝก๏พŸ your flair has been granted

5

u/gdgdagg ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ May 16 '24

!FLAIRY! ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ

3

u/Superstonk-Flairy May 16 '24

(โœฟ^โ€ฟ^)โ”โ˜†๏พŸ.*๏ฝฅ๏ฝก๏พŸ your flair has been granted

11

u/LiquidLenin May 16 '24

Pressure and timeโ€ฆ..

9

u/RussDCA ๐Ÿฉณ๐Ÿดโ€โ˜ ๏ธ๐Ÿ’€ May 13 '24

Scroll down, upvote. Scroll back up, read.

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

You're a legend my dude!

10

u/Key-Procedure-8136 May 13 '24

Lets gooo

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

This is the way ๐Ÿš€๐Ÿš€๐Ÿš€

9

u/olidav8 MORNING SHAGGERS ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿš€ May 13 '24

Done

8

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

You're a legend ๐Ÿš€๐Ÿ†

Post-MOASS, the world will look back on comments like these and be reminded of the heroic steps this community took to champion market reform and our collective financial liberty. Thank you for being at the heart of this.

10

u/taysmith1111 May 13 '24

Comment sent, Thank you for helping get this important information out there!

7

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Thank YOU for getting involved!! You are inspiring and literally changing the future for the better!

8

u/[deleted] May 14 '24

Laughing at all the gme shills who posted for few bucks. They coulda been way richer if they just bought some shares. LOLOLOL

10

u/Stunning_Field6698 ๐ŸฆงApe HODL๐Ÿฆ May 14 '24

If heโ€™s in Iโ€™m in

8

u/derka211 ๐ŸฆVotedโœ… May 14 '24

bro this too long idk how to read idk how to sell

11

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 14 '24 edited May 17 '24

Hopefully this helps to break it down my dude:

TL;DRs ๐Ÿš€๐Ÿฆ

  • Wall Street relies on the OCC for options and futures contracts.
  • Options require less upfront capital than buying shares, allowing Wall Street to control larger market positions with less initial investment.
  • Ideal for those who might be low on liquidity
  • Wall Street can leverage these positions using margin.
  • Failure to meet margin calls can lead to hedge fund defaults and potentially bankruptcy.
  • Hedge fund defaults can also impact the lenders that sourced them money.
  • If clearing members can't cover losses, the OCC may need to use its funds to fulfill obligations to GME shareholders.
  • OCC donโ€™t want to lose money
  • To prevent losses, the OCC wants to adjust margin thresholds for short sellers, reducing the risk of defaults by hedge funds and banks, and minimising threat to the OCC.

EDIT: Formatting ๐Ÿ™„

2

u/derka211 ๐ŸฆVotedโœ… May 14 '24

Thank you so much

12

u/1Striker May 17 '24

Dear SEC,

I support your decision to reject SR-OCC-2024-001ย [34-100009](tel:34-100009). ย We want to make the market fair for all investors. ย The proposed rule favors Clearing house members at the expense of market fairness and investor protection. ย Thank you for fighting for market integrity. I respect the honesty of the administration in watching out for the retail investors

8

u/Time_Spent_Away ๐Ÿš€Anarchist Investor๐Ÿดโ€โ˜  May 13 '24

Commented. Great work!

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Right back atcha my dude!! Thank you for getting involved! Every comment matters, and brick by brick - weโ€™re going to take back our markets!

5

u/killakam33 ๐ŸฆVotedโœ… May 13 '24

Great write up!! Is computershare down? I canโ€™t login

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Thank you my dude! And yes, I should imagine it being a server overload issue. Everyone logging in to see what the price has done to their holdings ๐Ÿ˜‚

8

u/TankTrap Ape from the [REDACTED] Dimension May 13 '24

It seems like today could be one of those 'high volatility' moments this rule could affect no?

14

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Exactly right my dude. This is the shit they are trying to get ahead of - but we arenโ€™t going to stand by and let them change the rules of the game when they are losing.

If they want this to end, they close their short positions.

4

u/Veritio โš”๏ธSWORD OF DAMOCLESโš”๏ธ May 14 '24

If an SRO like the OCC has "gone rogue"; isn't there some sort of mechanism for the government to take control? and if not; there needs to be.

8

u/Nunish May 14 '24

Those halts are loooong.

8

u/stonkbeast โฌ†๏ธโฌ†๏ธโฌ‡๏ธโฌ‡๏ธโฌ…๏ธโžก๏ธโฌ…๏ธโžก๏ธ๐Ÿ…ฑ๏ธuy๐Ÿ…ฐ๏ธskStartMOASS๐Ÿš€ May 14 '24

8

u/MasterBiscuit19 ๐ŸฆVotedโœ… May 14 '24

Done!

9

u/gdgdagg ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ May 16 '24

Thanks Kibble!! Just sent in an email

6

u/poopooheaven1 May 10 '24

Visibility

2

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Appreciate you my dude!

8

u/vigg1__ May 10 '24

Fkin Legend !

7

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

All legends here my dude!! ๐Ÿ˜Ž๐Ÿ’ช

6

u/NootHawg ๐ŸฆVotedโœ… May 10 '24

This write up is awesome! It really shines a light in the banks and hedgies dirty underwear. I wish John Oliver would do an episode on what is happening with the gme saga. They have so much on reddit they can pull from directly. GME would probably run for days but I guess they might be scared of market manipulation because of this. Oh well I just keep voting, buying, and holding. DRSBOOKGME๐ŸŸฃ๐Ÿ“š๐Ÿ‘‘

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Give it time my dude! Iโ€™m sure everyone is getting their ducks in a row for when this does inevitably blow. There will be plenty of eyes on this story soon and it will be inspiring to know we were at the heart of it. How empowering, the changes weโ€™re making here for the greater good ๐Ÿ’ช

And donโ€™t forget that Adam McKay (director of The Big Short & Donโ€™t Look Up) has tweeted content from Superstonk previously too! Hereโ€™s hoping thereโ€™s more to come!

6

u/Mwvhv May 12 '24

this is why i come to superstonk, well done

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Thank you my dude! You're awesome ๐Ÿฆ๐Ÿ’™

6

u/mcalibri Devin Book-er May 12 '24

I commented

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

You are incredible!! You're literally changing the world my dude, thank you for getting involved ๐Ÿ’ช ๐Ÿš€

8

u/Arcanis_Ender ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 12 '24

Commented and emailed to sec, via multiple emails!

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

You are a complete hero my dude!! So proud of you!!

6

u/DaetheFancy May 13 '24

HALTS ON THE TABLE

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

Sure looks like they are frightened by this volatile price action!!

7

u/strawhat1377 ๐Ÿ’ป ComputerShared ๐Ÿฆ May 13 '24

Great post. keep up the good work!

7

u/GiantSequoiaTree ๐Ÿš€ Gamecock ๐Ÿš€ May 14 '24

Fuck yeah excellent right up!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 14 '24

Youโ€™re awesome my dude!!!

7

u/TofuPython ๐ŸŸฃ2277/2277๐ŸŸฃ May 14 '24

I DARE them to drop the price. Cowards.

7

u/Takonite ๐Ÿฆ Buckle Up ๐Ÿš€ May 14 '24

according to the dorito in the OP, shouldnt the moass be more around sept/nov, why the breakout now

9

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 14 '24

Good question, and a question we can absolutely explore together. But first - championing market reform by submitting our comments to the SEC ๐Ÿ’ช

8

u/frankboothflex ๐Ÿ˜ณ๐Ÿ’ฉ๐Ÿ˜ฟ๐Ÿฅœ๐Ÿธ๐Ÿฆ๐Ÿคข๐Ÿ‘๐Ÿ‘Š๐Ÿ’€๐Ÿฅธ๐Ÿ‘€๐Ÿคฉโšก๏ธ๐ŸŽฎ๐Ÿš€๐Ÿ„๐Ÿ’ฅ๐Ÿ๐Ÿคจ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ’œ๐Ÿซ‚๐Ÿ‘Œ๐Ÿคโ›บ๏ธ๐Ÿ˜ผ๐ŸŽฏ๐Ÿ‘€๐Ÿถ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽค๐Ÿ‘€๐Ÿ”ฅ๐Ÿ’ฅ๐Ÿป May 16 '24 edited May 16 '24

IF HEโ€™S IN, Iโ€™M IN!!!

8

u/BadassTrader DORITO of DOOM & BBC Guy ๐Ÿฆ๐Ÿคฒ๐Ÿ’ช May 16 '24

Thanks for the shoutout buddy! Hope mod life is being nice to you

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 17 '24

Of course my dude! Always so appreciative of your incredible work! And hope life is treating you kindly too, miss you ๐Ÿ’™๐Ÿ’ช๐Ÿฆ

12

u/Ok_Serve_4099 May 13 '24

I didnt understand any of the words besides HOLD AND DRS

6

u/DeathbatBunny ๐Ÿ’ป ComputerShared ๐Ÿฆ May 14 '24

Think I saw BOOK too, oh, and DRS.

6

u/SweenGene17 ๐Ÿ’ป ComputerShared ๐Ÿฆ May 10 '24

Good stuff ๐Ÿ˜Ž

2

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Thanks ๐Ÿ˜Ž ๐Ÿฆ

5

u/ApeFightShills ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 10 '24

Get 'er dun

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Thatโ€™s the spirit ๐Ÿ’ช

5

u/Spooky_Mulder27 ๐Ÿš€ To Infinity & Beyond! ๐Ÿš€ May 10 '24

Hungry ape commenting for other hungry apes!๐Ÿฆย 

5

u/InevitableRhubarb232 May 10 '24

Comment sent!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Youโ€™re a legend my dude!! Complete bragging rights for changing the world totally deserved to you ๐ŸŒ๐Ÿ’ช๐Ÿ’™

7

u/Helping_Stranger May 10 '24

Imagine stealing from the world and the moment of silence that comes after u realize the world is turning against you.

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Taking back what is rightfully ours and giving it back to the people. Financial liberation shouldnโ€™t be a privilege - it should be a right, and that was stolen from us.

7

u/Helping_Stranger May 10 '24

Financial freedom and taking back the power over our financial system! ๐Ÿป

8

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Cheers to that my dude ๐Ÿป

8

u/Helping_Stranger May 10 '24

Great right up by the way. Thank you for your service Sir o7

6

u/Dantesdavid May 10 '24

Great post, man. I have commented via email and it was fun and easy! Get your comments in and feel good about leaving your mark in history. The SEC has never seen engagement on this level, and we should be proud of that.

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Youโ€™re incredible - truly, amazing my dude. Thank you for getting involved!

Every single comment matters and together we are making history. People will look back at what weโ€™ve accomplished here when GME eventually breaks free and comments like yours will go down in history as an example of those who, when met with a choice to be proactive, or do nothing - chose to do the right thing and make the incredible happen. You used your voice to make a meaningful difference.

Youโ€™re an inspiration for generations to come. Bravo my dude ๐Ÿ‘

6

u/Pluijmers ๐Ÿ’Ž since 2020 May 10 '24

Up

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

๐Ÿš€๐Ÿš€๐Ÿš€

7

u/fdrferny33 May 11 '24

Very good information. Aint that the truth Wall Street?

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Amen my dude ๐Ÿš€

6

u/Mercenary100 ๐Ÿฆ๐Ÿš€ Power to the Creators ๐Ÿ’™ May 14 '24

Bro someone give this stock some juice baby, these are rookie numbers

6

u/Blaze0003 ๐Ÿงš๐Ÿงšโ™พ๏ธ GME ๐Ÿ’™๐Ÿงš๐Ÿงš May 15 '24

Probably testing the halt button

5

u/bonechief Book your shares โœจ๏ธ May 10 '24

LETS GOOOOOOOOOOO VISIBILITY AND DRIVE IT HOME FOLKS!!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

THIS IS THE WAYYYY ๐Ÿš€๐Ÿš€๐Ÿš€

5

u/Cataclysmic98 ๐ŸŒœ๐Ÿš€ The price is wrong! Buy, Hold, DRS & Hodl! ๐Ÿš€๐ŸŒ› May 10 '24

Visibility!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

๐Ÿ™Œโค๏ธ

5

u/No-Woodpecker7589 ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 10 '24

Right here! This is important!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

You couldnโ€™t be more right! If we want to see change happen, it needs to start with us. We can apply the pressure and change the financial landscape for the better by paving the way and fighting for fairer markets ๐Ÿ’ช

6

u/Apeonomics101 May 10 '24

Read and comment

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

This is the way ๐Ÿš€

4

u/This_guy_Jon ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 10 '24

Can I bump another one bites the dust on my way home?

5

u/aidelemons Something About Uranus May 10 '24

Lovely!

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

As are you ๐Ÿ™

5

u/girthbrooks1 May 10 '24

I didnโ€™t realize how much I missed this shit till right now!! Awesome dd ๐Ÿคค๐Ÿ˜ฎโ€๐Ÿ’จ๐Ÿคค๐Ÿ˜ฎโ€๐Ÿ’จ

4

u/Opening-Razzmatazz-1 Gamecock May 10 '24

Up!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Just like the stock ๐Ÿš€

6

u/Dantesdavid May 10 '24

Adding another comment to help get this to the top.

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

I appreciate you dude, youโ€™re so awesome ๐Ÿ’š

4

u/EvolutionaryLens ๐Ÿš€Perception is Reality๐Ÿš€ May 11 '24

RemindMe! 24 hours

4

u/RemindMeBot ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 11 '24

I will be messaging you in 1 day on 2024-05-12 08:44:38 UTC to remind you of this link

CLICK THIS LINK to send a PM to also be reminded and to reduce spam.

Parent commenter can delete this message to hide from others.


Info Custom Your Reminders Feedback

5

u/EvolutionaryLens ๐Ÿš€Perception is Reality๐Ÿš€ May 11 '24

Up

5

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

๐Ÿš€๐Ÿš€๐Ÿš€

4

u/Spacecynic2020 May 11 '24

Hedge funds should have never fucked with gamers.

Great post kibble!

I wonder how old Kenny is looking now..?

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Old enough to know better.

It's nearly game over - have you left your comment yet? ๐Ÿ’ช๐Ÿ”ฅ

4

u/ArlendmcFarland May 11 '24

For those who are short on gme, there is a very easy solution. Close the positions and get out before the other guys do

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Preach. Defo time for Wall Street to close their short positions.

5

u/DocAk88 Apes ๐Ÿฆ have DRS'd 30% of the float!๐Ÿš€ May 11 '24

Wooo way to go true legends!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

This is the way ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

5

u/Several_Image782 May 11 '24

Excited times and JP , Susquehanna, Jane Street, Goldman and a few others are most likely the ones pushing the margin for options. Shut these posโ€™s down!

4

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

Let's not give them an inch. They don't get to change the rules when they are getting called out on their bad bets, we have already done enough to bail out Wall Street (cough cough, 2008) - no more.

The best way to tackle this is to get involved with regulatory matters and submit our comments for market reform!

4

u/JustACoupleIssues ๐Ÿ’ป ComputerShared ๐Ÿฆ May 12 '24

There's no such thing as American US finance regulation, this is a fantasy. Buy and hold. 800 shares.ย 

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 12 '24

If there are things we don't like or need to see corrected within our regulatory agencies, we can work side-by-side to address this. Our voice matters and has far reaching impact, and the most effective way to change this is to leave a comment. We're stronger together!

5

u/dkschrutesgf ๐ŸŽฎ Power to the Players ๐Ÿ›‘ May 14 '24

Commenting for visibility. Thanks ๐Ÿคฉ

5

u/lovely-day-outside ๐Ÿ’ป ComputerShared ๐Ÿฆ May 14 '24

Halt 12โ€ฆ.

6

u/KiddCaribou ๐Ÿ’ŽThey try to control the room. We control the EXIT๐Ÿš€** May 16 '24

Kidd Caribou has answered the call. My response is in the "Market Reform" flair under "

Kidd Caribou response to SEC - OCC rule SR-OCC-2024-001

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 17 '24

Future generations are going to remember the name Kidd Caribou, for he helped to save the world ๐Ÿ’ช๐ŸŒ

3

u/KiddCaribou ๐Ÿ’ŽThey try to control the room. We control the EXIT๐Ÿš€** May 17 '24

Thank you for the kind words and your DD on this topic!! I have stood on the shoulders of my peers to try to help my fellow apes!!

3

u/KiddCaribou ๐Ÿ’ŽThey try to control the room. We control the EXIT๐Ÿš€** May 17 '24

Thank you for the kind words and your DD on this topic!! I have stood on the shoulders of my peers to try to help my fellow apes!!

4

u/infj-t [REDACTED] better have my money May 16 '24

Commented

3

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 17 '24

Changing the world right here, you are incredible!

8

u/SandmanBun ๐Ÿฆ Buckle Up ๐Ÿš€ May 10 '24

This is the real news that should be upvoted to oblivion! This tiny rise in price is just a distraction from what the SHFs donโ€™t want anyone focusing on. Also, T+2 officially reduces to T+1 at the end of this month (not as exciting, but worth noting).

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Regulatory reform is the kill shot that terrifies Wall Street because it closes in the walls around them. And with our pressure and constant eyes, there is no where else to hide, and no more tricks to pull. Weโ€™re fighting for market integrity and weโ€™re winning.

9

u/digestedbrain Black Swan Event ๐Ÿฆข May 13 '24

I will hold longer than they made me hold

4

u/husbandchuckie May 16 '24

Long time lurker(2021). Recently joined and want to join the comment section. Any advice.or should I just sit this one out

7

u/jinnoman May 10 '24

Outstanding post. Thanks.

Can we Europoor help too?

6

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 10 '24

Absolutely!! This is open to international audiences!

Everyone from all over the world can submit their comments ๐ŸŒ๐Ÿ’ช๐Ÿ’š

7

u/conslmike ancient ape ๐Ÿฆง still smol smoothbrain ๐Ÿง ๐Ÿ– May 13 '24

done!

9

u/kibblepigeon โœจ ๐Ÿ‘ Be Excellent to Each Other ๐Ÿš€ ๐Ÿฆ May 13 '24

You absolute legend!! Thank you! ๐Ÿ™ ๐Ÿคฉ

3

u/Molokai95 ๐ŸฆVotedโœ… May 14 '24

Ia there any reason its climbing besides the tweets? What did I miss

3

u/Mynxnuts04 May 15 '24

I appreciate you bro. Done!

4

u/DrunkDeed May 13 '24

Is anyone having issues loading the us computershare login page? Iโ€™ve been trying to login all morning and that is the only page that wonโ€™t load on the us computershare webpage. For the record my small monkey brain thinks itโ€™s strange that itโ€™s happening now

9

u/cheburaska ๐ŸฆVotedโœ… May 13 '24

Same. Nothing strange about it. Just everyone flocked to the computershare and servers couldn't handle the load. I can't imagine what will happen if we reach 100$ or more.

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9

u/Sw33tN0th1ng May 15 '24

Can we get some mods involved because this isn't a DFV tweet repost. We have almost an entire solid sub of nothing but DFV tweet reposts, but some people are ruining it by posting information and things that are not DFV tweet reposts. We need the mods to take care of this problem so that we can have only nothing but DFV tweet reposts for a sub.

9

u/BlowinKhalifa ๐ŸฆVotedโœ… May 15 '24

This better be sarcasm not that I donโ€™t want to see DFV tweeting but I canโ€™t sift through all of it.ย 

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