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🚨 TJ RODGERS, $ENPH & $ENVX ROCKET MAN, IS TAKING ON DECEPTIVE SHORT SELLERS WITH A HEATED LETTER TO THE PRESS 🚀
🚨 FUCK THE SHORT SELLERS 🚨 TJ RODGERS, $ENPH & $ENVX ROCKET MAN, IS TAKING ON DECEPTIVE SHORT SELLERS WITH A HEATED LETTER TO THE PRESS 🚀
50,000 shares of Microsoft Co. ($MSFT) were acquired by Graphene Investments SAS.
MarketAxess credit ADV climbs 25% Y/Y, buoyed by high-yield and high-grade (NASDAQ:MKTX)
Tearlach (TSX.V: TEA OTC: TELHF) Continues to Hold Above $2. Can be the Next Frontier Lithium (TSX.V: FL OTC LITOF) (MC $460M)?
MMAT,MMTLP Has anything changed and if so what ?
OTC Play: Pharmagreen Biotech Inc (PHBI) $PHBI
$IHS A slightly different "Squeeze" stock. Not a gamma squeeze- But a solid company, Buy rating from all 7 analyst, could definitely quickly move up 15O-200% (and it would still be under Most recent PTs). $2B MC but a HF is taking advantage of low daily volume (150K)
Not my DD but looked good so I’m reposting it.
Not financial advice and not my dd but
Michael Burry’s Latest Holdings (Scion Asset Management)
RECOMMENDATION: Buy VIH, a most heavily shorted, sub-NAV, pre-redemption SPAC - DD #5
ingles markets investors (repo participants) found to be linked to 200+ cayman accounts
Canoo ($GOEV): Buy puts on this EV manufacturer ahead of 116mm share lock-up expiration (+100% of float) on Monday (6/21)
Canoo ($GOEV): Buy puts on this EV manufacturer today ahead of 116mm share lock-up expiration on Monday (6/21)
DCRC: SPACpocalyse-related elevated Arbitrage selling suppressed price today
$ATNF, a Cannabinoid Research Company is Squeezing with volume up 1800% over ADV
$ATNF Squeezing Right Now (Volume is 18x ADV)
$ATNF Squeezing Right Now (Currently 8x ADV)
Assets Have Tanked at Two of the World’s Biggest Short Sellers
And you thought the SEC has been silent
SEC: Advertising and Cash Solicitation Rules Update
SEC Advertising and Cash Solicitation Rules Update
Penny Stock Ranker for Mar-19-2021
THIS IS HUeGE: RobinHood NEVER OWNED YOUR GME SHARES, they got margin called $3B to cover the shares they needed to buy!
Mentions
No it isn't. You're confusing the ownership of Scion with investments in the funds. Private funds do not report the names or stakes of their investors (that's kind of the point); that data isn't even reported on the non-public filing (PF). The only thing you'll see listed in the ADV is the advisor's (Scion's) % stake in the fund(s). Since we don't know the exact ownership stakes in Scion, there's no way to back into his/his family's investment into the funds. Additionally, even if Scion had a single owner, and we could therefore back into that single owner's investment into the fund as far as the ADV was concerned, it wouldn't show any investments into the fund by that owner/owner's family by other means.
Scion was a private fund manager, not a family office. Their ADV is available to read on the IAPD. He managed for private funds.
Scion was a private fund manager. When you see the word “client” in that context on an ADV, the funds are the advisory clients, i.e., they managed four funds. It was not a private office.
\> Based on available public data from SEC Form ADV and 13F filings, it is implied that Scion had an unrealized paper loss of roughly $87 million on the disclosed securities portfolio between early 2025 and late September 2025, driven by the failed short positions (e.g., Nvidia shares rose significantly during the period, eroding the value of the puts).
Scion is absolutely not a family office, not sure how this got so upvoted. Read their ADV filings.
AIRE? Traded only 20% of its ADV. Not likely, IMO
Thoughts? From ChatGPT: Here are the big issues in that post: 1. Misstated facts: It pins the 2022 nickel trade cancellations on LBMA; that was the LME. 2. Apples-to-oranges volume math: Compares Abaxx physically delivered LNG lots in one month to cash-settled JKM in a different month, then extrapolates market share. 3. Premature U.S. access claims: Treats CFTC FBOT approval as imminent/assumed rather than uncertain. 4. Heroic valuation comps: Benchmarks a pre-scale venue against CME/ICE/LSEG without adjusting for revenue, profitability, network effects, or moat. 5. Outcome-driven targets: “10x in 1–2 yrs, 50x in 5” with no operating model (ADV, fee rate, take rate, margin income, costs) to back it. 6. JKM displacement thesis unproven: Ignores liquidity inertia, bilateral habits, and incumbents’ ability to respond. 7. Gold “liquidity black hole” claim: No hard data on ADV, depth, spreads, deliveries, or vault participation to justify it. 8. Tech/regulatory leapfrogging: “Digital cheques / T+0 / tokenized stocks” glosses over legal opinions, counterparty adoption, and regulator comfort. 9. Collateral-on-water pilot: No evidence it’s in production (haircuts, margining, member usage); presented as a done deal. 10. TAM sleight of hand: “$42T MMF at 5 bps” assumes sweeping adoption and economics Abaxx may not win (custody, distribution, compliance). 11. Selective sources & bias: Heavy reliance on promotional videos/X threads; thin independent validation. 12. Missing risk plumbing: Little on default waterfall size, IM model, backstop capital, dilution risk, or operating burn/runway.
The ADV on OPEN has dropped a lot recently. I would lean towards selling now. Earnings is probably already priced in and a disappointing result could result in amplified losses. You stand to gain little with high risk. Since you like micro cap leaps why not buy some ONDS, BITF, or NVTS?
SEALSQ is trading at inflated multiples. We’ve already deployed 15-20× the 90-day ADV & anticipate incremental volume growth. Additionally, we're still long OTM calls into December.
Most (hopefully) know the risks trading these pennies, but when I see penny players swearing by stocks that are trading 10% of their ADV I become concerned that the quality of the callouts are getting somewhat sloppy. Just my opinion. Always remember and never forget volume is king. If the MM's and funds aren't biting and we are, its a triple risk red flag.
>On January 18, 2023, POET Technologies announced that it had developed multi-engine chip-on-board solutions for ADVA Optical Networking SE (FSE: ADV), a highly regarded German company that is a global leader in creating network equipment and designs. As of July 15, 2022, ADVA merged with ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) a combination intended to create a global end-to-end fiber networking leader. > They only partner with the most highly regarded companies, so you know it's good.
The dip and large after-hours buy aren't signs of a "YOLO wrong button" mistake or a glitch. This looks like standard execution of a large block trade, likely handled by a broker for an institutional client (e.g., a fund). Retail traders often misinterpret these as errors because they're not visible in real-time like small orders. In reality, big trades are "worked" discreetly to minimize market impact. # How Large Trades Are Executed To buy or sell a massive position like 1.5 million shares of TD (Toronto-Dominion Bank), you don't just hit "buy" on a platform—that would spike the price and alert algorithms. Instead: * Contact an execution broker (e.g., from major banks like Goldman Sachs or boutiques like ITG). * The broker "works" the order throughout the day, aiming to be 10-20% of the stock's Average Daily Volume (ADV) to avoid detection by high-frequency trading algos. * They might guarantee the first 20% upfront, then fill the rest gradually via algorithms (e.g., VWAP—Volume-Weighted Average Price—to match the day's average). This explains the initial dip: It could be part of selling into the market to fill a buy order without crashing liquidity. # Agency vs. Principal Filling Brokers fill orders in two main ways: * **Agency**: The broker acts as an intermediary, finding buyers/sellers without taking ownership. They earn a commission but bear no price risk. Ideal for custom executions. * **Principal**: The broker trades from their own inventory, committing to a price upfront. They take market risk but can offer immediacy. (This is like a dealer buying a car to resell vs. just brokering the sale.) In this case, it seems like an agency setup, where the broker worked the order and crossed it (matched buy/sell internally) or routed it. # End-of-Day Tape Printing The 1.4M share buy at 16:00:02 (just after NYSE close) is likely the broker "printing" the full trade to the consolidated tape after accumulating shares all day. U.S. rules (under SEC Regulation NMS and FINRA Rule 6380B) require all trades to be reported promptly to the tape for transparency—usually within 10 seconds, but block trades or off-exchange fills can be reported later. If unreported on time, they're marked "late." This print "sends it back" to the client, closing the broker's book. The price ($79.63) might seem off because it's an average from intraday fills, not the closing price. No law mandates exact end-of-day prints, but reporting ensures public visibility (see SEC's Consolidated Tape Association Plan). # Why Use These Services? Soft Dollars and Liquidity For less liquid stocks like TD (compared to mega-caps), brokers are essential to avoid slippage. Clients often choose brokers via "soft dollar" arrangements (under SEC Section 28(e)): Part of the commission pays for research, data, or services—instead of hard cash. This is legal if it benefits the client (e.g., better analysis), but abuses like funding "concert tickets" are prohibited and could violate fiduciary duties. It's a way institutions bundle trading with value-adds.
meh - I skimmed through the Form ADV - it's pretty obvious what the experience will be like.
Low volume based on ADV?
August 2025 Trading Volume Highlights U.S. Options -- ADV in August across Cboe's four U.S. options exchanges was an all-time high of 19.2 million contracts, driven by: -- Record multi-listed options ADV of 14.3 million contracts, surpassing the ADV record of 13.6 million contracts set in February. -- S&P 500 Index (SPX) options ADV of 3.8 million contracts, the second-best month all time, with zero-days-to-expiry (0DTE) trading representing a record ADV of 2.4 million contracts. Congrats, degens. But you can obviously do better. August was only the 2nd best month for 0DTEs.
Fuck your ADV! https://preview.redd.it/73473fk4u9hf1.jpeg?width=3024&format=pjpg&auto=webp&s=1800b8bceef475ba0645fb9cf8aa6c147eff4953
Are you serious or is your post some kind of weird astroturfing or trolling? Please look at the sticky post on scams in this subreddit. Assuming that you are simply new to the internet or Reddit - here are some red flags about this company VoidMetrix. * Claims to be in business since 2021 but the web site has only existed for less than a year. * Claims to be in business since 2021 but a New York business entity was files in June 2024. * Claims to have 190 employees. Not a single person on LinkedIn that is part of this company. * Claims to be an investment adviser with NYC office. There is no such registered investment adviser in the IAPD. A failed attempt was made to file in Dec, 2024. Likely as part of a scam. * The CRD of the principal is fake and there is no such CRD - 7960717 * The name of the registered principal on the ADV and business entity is suspicious and there is no social media fingerprint for this person. That person is not listed on the web site. * None of the persons listed on the "About Us" section of the web site is real. An image search for the persons imply they are AI generated photos. I could probably go on - but I only had a few minutes to look at the obvious.
So you are subtlety saying the buying period for ADV has now pass and now we buy MOO. Also, REG is set to fall.
Incredibly. That's why there's such an anti-advisor sentiment in finance communities. Read through Form CRS and ADV part 2 and you'll find all sorts of details about how these firms are compensated in ways you didn't expect. If you're aware of this and want to find someone who doesn't do it, it's very difficult. But here are some places to look: * https://advice.xyplanningnetwork.com/ * https://directory.garrettplanningnetwork.com/ * https://www.napfa.org/find-an-advisor * https://www.feeonlynetwork.com/ * https://hellonectarine.com/
You'll find many, many stories of folks being unhappy with Edward Jones across the investing forums, particularly the bogleheads areas. I don't think advisors are inherently problematic, but you should be aware of: 1. https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F 2. How most folks aren't "fee-only" and where all their compensation comes from (learn to read form CRS and ADV part 2)
There's no secret fee. You have to sign a contract and the fee is negotiable. "You may elect to have the MAS Fee paid by debit from the MAS Account, debit from an alternate Merrill account, or through the payment of an invoice." "Deduction of Account Fees. As set forth in the Client Agreement, you may authorize us to deduct the MAS Fee from your Account. We also may, for your convenience and if so agreed between you and your Investment Manager, deduct from your Account the Investment Manager Fee" If you didn't pay it by check, there would be a line item(s) on your statement. https://mlaem.fs.ml.com/content/dam/ML/pdfs/MAS-ADV.PDF Starts on page 15.
Thanks for your thoughtful reply—and first off, respect for being “real hard” in. You clearly care enough to think critically, which I rate highly. Let’s unpack your points systematically, because they’re valid to raise—but I think there’s a stronger case than you might realise once we zoom in on the specifics. 1. “Retail hasn’t arrived” — Is that just narrative? This isn’t just a throwaway line—it’s based on hard signals in the data: • Daily volume averages ~100–200k shares—for a float of ~32.7M, that’s thin. • The price rarely holds >$4.50, which sits right beneath major call gamma clusters (especially for 5/17 and 6/21 expiries). • Reddit, StockTwits, and FinTwit coverage remains nearly non-existent relative to microcaps with similar setups. This is not a GME-style meme crowd yet. • No major breakout candle since late 2023. Price action still governed by low-liquidity grinding. That’s what “retail hasn’t arrived” means. It’s not about absolutes—it’s about relative awareness and inflow. This still trades like a stock no one is watching, despite the late-stage asset and real pipeline. 2. “Market makers are suppressing price” — or just natural price mechanics? Fair to question, and to be clear: we’re not alleging conspiracy. But there are signs of mechanical pinning behavior that often coincide with institutional accumulation phases. • Gamma exposure (GEX) has been persistently negative across key strikes ($4.00, $5.00, $7.50), indicating dealers are short gamma and need to sell into strength as price rises. • Call volume and OI in deep OTM strikes (5–10–15) have increased, with LEAPS disproportionately stacked. This asymmetry mechanically pressures price toward max pain until hedging dynamics flip. • Dark pool volume remains >50% most days, based on FINRA TRF and off-exchange prints. That suggests algo-mediated accumulation or suppression, not natural retail trading. These aren’t accusations—they’re structural facts of how illiquid options-driven stocks behave when institutions are building exposure and market makers are net short gamma. 3. “Gamma squeeze impact is overhyped in small biotechs” True if the float is large and options OI is low. But in this case: • Short interest is 12.23% of float, with ~10.7 days to cover . • Options OI at May/June 5, 7.5, 10 strikes is significant relative to ADV. • Gamma exposure flips around $5, which coincides with LEAP hedging thresholds and dark pool volume drops. When price starts moving with volume, dealers must delta hedge, which can mechanically escalate the move—even in small caps. See ARDS (2021), RLAY, and VSTM for examples of micro-cap biotechs with small floats that moved violently due to options-based dislocations. 4. “You glossed over the risks” Absolutely fair. Let’s confront them: a) Phase 3 failure risk Always real. But efzofitimod has: • Peer-reviewed Phase 1b/2a results: +180mL FVC (p=0.035), 85% relapse reduction • Clean safety, no deaths, and no withdrawals due to adverse events • A running Expanded Access Program (EAP) before readout—a rare vote of confidence from FDA and clinical partners • Mechanistic validation published in Science Translational Medicine: NRP2 binds inflammatory macrophages and reprograms them to pro-resolving states This isn’t a black-box biotech praying for a signal. It’s a de-risked candidate with multiple converging confidence signals. b) Funding / dilution ATYR has adequate runway through Phase 3 readout. Japan progress payments come into play too. More funding will come—but after the value-inflecting catalyst, not before. Also worth noting: insiders are buying. Director Jane Gross purchased 3,750 shares on March 17, 2025—bringing her total to 9,750. Not a large amount in dollars, but symbolically important during a pre-readout period . c) Adoption risk Pulmonary sarcoidosis is a high-unmet-need market. The standard of care is steroids, which are toxic and non-curative. There is no FDA-approved disease-modifying therapy. If efzofitimod gets approved with even modest payer support, uptake could be swift—especially since many patients are already on it via EAP or compassionate use channels. 5. So what’s the core disagreement? It comes down to how you weigh the coiled structure: • Float is small (~32.7M), with >12% short and heavy institutional ownership • Valuation is absurdly low ($300M) vs $500M–$700M rev potential in just sarcoidosis • Scientific, regulatory, and market signals are all aligning • Options chain and volume profile reflect a classic pre-breakout structure This isn’t hype—it’s an asymmetric setup where fundamentals, market structure, and psychology are beginning to converge. Happy to debate any of this, but I hope the added facts help clarify where I’m coming from. There’s a whole lot more that I could add. I respect skepticism—especially in biotech. But this setup is rare, and all the ingredients are in place. Let’s see what happens.
What about 78k ADV volume with insane debt looks tasty?
"By imposing tariffs and additional fees—such as a reported one-million-USD fee for every Chinese ship docking at a US port, with the same fee applied to Chinese-origin vessels—America is making it costly for China to export." *- This is a double edged sword. The ships that deliver China's imports into the US also carries US exports around the world. That is, after dropping off China's imports, they load up on US goods to export.* "As a result, businesses are forced to use non-Chinese vessels, which are already boosting shipbuilding orders in countries like Japan and South Korea. Meanwhile, China’s ship orders have reportedly dropped to zero this month." *- Shipbuilding orders take time to materialize. It will be years before the Japanese/SK ships overtake the Chinese, especially when even at full capacity, their combined production is dwarfed by China. I would also like to see a source for "China's ship orders" dropping to zero.* "These measures create two major issues for China. First, they make it extremely difficult for Chinese businesses, including giants like Amazon’s Chinese suppliers, to operate profitably. Second, they’ve led to a surplus of unsold inventory, with factories shutting down or struggling to ship products." *The items that China sells and that are in demand by US consumers, is not manufactured at the same scale outside of China. This means that short term, US consumers will be faced with higher costs. Long term, the Chinese manufacturers can shift these products to other markets. This is the fundamental benefit of being a manufacturer - tariffs enacted in ONE market (the US), does not preclude Chinese manufacturers from selling to the rest of the world (which Trump has done a good job of alienating).* "Videos circulating online show Chinese factories facing these challenges, alongside reports of significant job losses—though much of this is being downplayed." "Historically, trade surpluses haven’t guaranteed immunity to trade wars." *- Which videos? Please don't cite ADV/Serpentza, China Uncensored, Epoch Times, New Tang Dynasty and other Falun Gong associated media.* \- We are not discussing "immunity", rather, I'm interested in understanding why the surplus country is destined to lose a trade war.
It’s technically all OTC without an exchange in between so no public info visible! The price on screen is just the mid of a benchmark like CBBT, BVAL or whatever you’re using. Though, I thought the original discussion was more on block crossing networks than traditional darkpools. For orders <2% ADV we typically use algos and send it to a broker who can then use a dark pool to execute in. >5% and the blotter is scraped by block crossing networks, though depending on the trade we’d also use more voice trading and accept some impact.
With a portfolio that size, this guy is doing things I would avoid with my clients. Every communication with this guy is in writing now. The guy is likely obligated to pay for his screw ups like not executing a trade or doing a trade wrong. Did he send you a long legal packet explaining fees and conflicts of interest (look for the terms ADV and reg BI)? This guy is putting you in commission products which is not necessarily bad. The issue is, you would be better off in a managed account with tax management overlay. I have a lot to say about this but I’m typing with my thumbs. You can change advisors without paying that 5% fee. You’re stuck in those funds for a while, but not with that jerk. Find an actual advisor (has a 65 or equivalent) and they can move the entire portfolio over intact and charge for advice rather than products. I would shop around a few. I’m an advisor and some of the people in this business couldn’t steer a train, let alone a retirement plan.
TSLA has already almost reached ADV. Institutions trying like hell to keep it above 220
Any are people taking profit at $1.3 SOBR? Volume is already almost 4X ADV premarket. Hold for $2 people. Jesus Christ
Maybe the actual notifications went to my spam folder. The notification below was the only one that resembled the change. It doesn't state the allocation will change. I only have about $600 in this account so I'm not concerned about the change. If I have $600k in the account then I'll be making calls to SoFi. I'll revisit the prospectus and see if this change is in line with what's written. This account is a Taxable account, so there are capital gains consequences. ========================================= Starting on January 8th, we’ll begin transitioning your account to a new and improved robo advisor experience designed to better support your financial goals. No action is needed on your end and we'll automatically handle the transition for you. What’s new? Refreshed design: A more streamlined interface that makes it easier to manage your portfolio and understand your investments. More control: Adjust your goals, time horizon, and comfort with risk anytime, so your portfolio can evolve as your needs change. Expanded portfolio themes: With BlackRock’s guidance, we’re introducing three new themes to match your preferences: Classic: A balanced, low-cost mix of stock and bond ETFs Classic with Alternatives: Adds alternative assets like real estate and private markets to the Classic mix Sustainable investing: Invests in companies that prioritize environmental, social, and governance (ESG) practices New advisory fee: To support these improvements, we’re introducing a 0.25% annual advisory fee, billed monthly based on your average balance from the previous month. This helps us continue building value and delivering the tools that matter most to you. As part of these updates, we’ve also revised our Advisory Agreement, Customer Relationship Summary, Wrap Fee Program Brochure, and Form ADV Part 2A—please review them for details about the new experience. Why did we make these updates? We’re constantly iterating on ways to optimize and enhance our investment products. With guidance from BlackRock and our Investment Committee, these updates are designed to maximize risk-adjusted returns. What does this mean for you? We’ll update your portfolio to align with the new strategy by reinvesting in funds aimed at improving long-term, risk-adjusted returns. As with any portfolio rebalance in a taxable account, this may result in a one-time event, typically less than 0.70% of your total account value. If you do not want your robo account transitioned to the updated experience, you will need to transfer your investments to a SoFi self-directed individual account or to another firm by December 30th. To transfer to a SoFi self-directed account, please call us at (855) 525-7634. For all other transfers, contact the receiving firm to begin the process. Questions? Give us a call at the number above or chat with us in the app. To learn more about the transition to the new robo advisor experience, visit the FAQs. Thank you, The SoFi Invest Team
I know what you meant my man. And I WISH you were correct. Sadly it appears not. I have seen AUM being charged on top of mutual funds I KNOW have fat trailers (easy claps for winning a new client). I think they get around it sometimes because the advisor is not directly given the 12b-1 (the broker he works for does). Technically you pay the AUM to broker, not the advisor directly. From GPT: Whether a financial advisor can charge both a fee for assets under management (AUM) and receive trailing commissions (also known as 12b-1 fees) on mutual funds in a client’s account depends on the regulations in their jurisdiction and the advisor’s registration status. Here’s a breakdown: United States (SEC and FINRA Regulations) 1. Fee-Only Advisors (Fiduciaries): • Registered Investment Advisors (RIAs) typically charge a fee for AUM and do not receive trailing commissions, as they operate under a fiduciary standard, requiring them to avoid conflicts of interest. Receiving commissions might conflict with this standard. 2. Hybrid Advisors: • Advisors who are dual-registered (both as RIAs and broker-dealer representatives) may legally charge AUM fees and also receive trailing commissions. However, they must disclose this dual compensation model clearly to clients. 3. Disclosure Requirements: • Advisors must fully disclose all compensation structures, including AUM fees and trailing commissions, in their Form ADV and other client agreements. Transparency is essential to avoid regulatory violations. \*\*I would be surprised if most advisors even know how this stuff works honestly. They only really care about their own comp, not the back of house stuff. Big sad.
Apollo went in last night and hit 10% in the After market... buts its a quite an overlooked stock it with some upside still to go. With it now in the 500 every fund will now need to add it to their holdings so inevitably the ADV will increase, 9pm Monday will be the time to watch.
100%. People are weighing too much into headlines without doing due diligence. Citron Capital is a nobody, how many comments did I read that actually looked up their SEC records? None. They had 21mil in 2019 as per: https://aum13f.com/firm/citron-capital-llc The data is from 2019 and archived from SEC before they were terminated as an IA (in 2019, related for fraud: https://www.sec.gov/files/litigation/admin/2024/ia-6622.pdf). On SEC website the available forms do not list the AUM, because some are archived now but AUM13F is legit. You can still cross-check what is available here, Item 1 Section F: https://reports.adviserinfo.sec.gov/reports/ADV/288001/PDF/288001.pdf that they did check the under 1 bil AUM box. Needless to say, who is Citron Capital? A bunch of nobodies, WSB wants to find a catalyst but doing extra due diligence, it is not from these guys at all. In addition, Citron is not getting "rekt" like WSB may believe. Reading the SEC case, they are clearly known to put misinformation, and unlike WSB , they do hedge better than the average here. Not saying this as an attack on anyone in this comment thread in particular. But to anyone reading this, I suggest tossing everything you see here out on Reddit with a grain of salt. There's a lot of misinformation and clearly the market is not as efficient if this level of information arbirtrage of pinning the catalyst to Citron exists (because they're a nobody). The reality is there when you take time to go through the filings and reports.
ADV has 17% short interest float. The time has come
>RIA can’t even place trades for a client That's not true. The bulk of RIA accounts are discretionary as u/aesthetics4ever stated. " ..almost all assets managed by RIAs (over 90% in 2022) have been held on a discretionary basis, meaning that the RIA decides which securities to purchase and sell for a client or which other investment advisers to retain on behalf of the client." - page 5. Source - US treasury IA report - [https://home.treasury.gov/system/files/136/US-Sectoral-Illicit-Finance-Risk-Assessment-Investment-Advisers.pdf](https://home.treasury.gov/system/files/136/US-Sectoral-Illicit-Finance-Risk-Assessment-Investment-Advisers.pdf) This data point is pretty well-known because it's required on an IA's Form ADV. Even if an RIA has a client in a model-only program - the rebalancing activities requires discretionary authorization. And the RIA is the one that decides on the rebalancing cadence. And if the RIA uses a TAMP - the TAMP gets the trade authorization from the RIA.
I’ll add that $1B divided into the S&P isn’t as much as folks think as far as ETF volumes are concerned. 3% of ADV.
AI google search: Zero-days-to-expiration (0DTE) options have seen a dramatic increase in volume in recent years, and now make up a significant portion of the total options trading volume: * S&P 500In the first half of 2023, 1.19 million of the 2.76 million average daily volume (ADV) of SPX options were 0DTE options. This is a significant increase from 2021 levels, and now accounts for over 43% of the total daily option volume. * Retail investors may make up at least 30% of the volume in contracts tied to the S&P 500 that expire within 24 hours. 0DTE options are options that only exist for a single trading session. They can be less expensive to trade short-term volatility, but they can also come with risks due to potential intraday volatility and limited time to expiration. Some popular approaches to 0DTE trading include: * Selling call vertical and/or put vertical spreads * Selling vertical spreads on both sides of the market * Iron condor trades * Single-leg put or call options
How do you determine what is considered a small vs. medium vs. large order? The purpose is to keep order sizes small and minimize market impact. Please correct me if anything I say is wrong. Even though my numbers below are estimates coming from trial and error, I am not very confident. Right now I'm calculating order size based on the ADV of the underlying with cutoff points at 0-2%, 2-5%, 5%+, and adjusting for delta. For example, the ADV on AUR is ~8M. The Jan17'25 5C has a .45 delta. So the max contract size for a small order would be: * (8M * .02) * /100 /.45 delta ~ 3555 contracts. A lot of the time, I can also take a percent of the total OI to get a similar number, such as a maximum 1% of total OI @400k for small orders. ~4k. But when I look into AUR options, the total OI is way lower than I expected @ 99k and the display size is higher than expected. It got me thinking if there's a better way to classify order size.
Generally you don't want to be 10% ADV (or even 1% for that matter lol). With ATM 0dte dollar volumes sitting at roughly $9m/$5m put/calls... You're definitely over lol. You can certainly spread yourself out in the chain, but I imagine at that size you're not going to be hiding very well. Once you're at capacity and moving the market. You won't be able to get in and out of positions as fast as you'd like. Other players will take notice of your size and act against you. In most cases, this alone would destroy whatever edge you had, as now the market is playing around you.
Sure there are still market makers but only a fraction compared to 20 years ago except for the SPX and VIX. Its just that 95% of equity market makers are all upstairs making markets electronically. There are still around 3-6 market makers in each of the equity option pits (each pit has around 20 companies and they are basically just there to try to get a small piece of big institutional trades being crossed. The exceptions are the SPX and VIX, they are completely packed with hundreds of good traders, especially the SPX. The scenario you talked about depends on the underlying’s float, ADV and the size of the trade and also how many different different exchanges it’s listed on and even the time of day. If the market is .05-.30 and you come in with a .20 bid on 1-10 contracts maybe it gets filled, maybe it doesn’t. A .20 bId is .025 above mid market, put in a .25 bid on less than a 50 lot and you’ll probably get filled. Also if the market is .05-.30 there is no market maker on earth that would be forced to sell a .20 bid, they would however be obligated to sell some at .30 or buy some for .05. MAQ
GDHG up 50% this morning and Robinhood showing 10x ADV already at 7AM. WTF is going on there?!?!?
*(there aren't, trust me bro, don't look at swap mechanics and how counterparties abuse T+35 settlement to hedge with naked shorts) Rough rule of thumb, 12 is more than 5% of 100. Also, DFV isnt the only person with ITM calls interested in exercising (I'm at least one other interested party). And we're just gonna glance past ADV being half the float, we all know how apes love day trading and would never diamond hand shares
I mean, if there are fake shares (there aren’t) then 100mm of them trading is still a ton of liquidity to get position squared up. Rough rule of thumb you can trade 5%of ADV without making much price impact. You’ll never guess how I know that.
He’s probably just going to buy himself a yacht or something. I doubt 600,000 shares is a very large % of his total holdings. It’s not even a big % of the ADV.
Scroll up and look at the Getting Started link. Fwiw - your comment doesn't really make sense. According to their Form ADV - Evolution Global Advisors is a tiny insignificant advisor with only 5 clients with AUM of only $2.5mm. Also - 2-5% is way higher than the industry average for an advisor. Whatever you are looking at is probably fake or you are misunderstanding what you saw.
I have no idea what liquidity or ADV looked like at what prices back then. I never said that a reduced supply has zero effect. I said right now at these prices with the trading volume we're seeing, it has a NEGLIGIBLE effect relative to inflows created due to narratives.
114% of ADV today. Yet another good sign.
To add a little more info: brokercheck shows Finra registered reps, which will be great for verifying authenticity of a financial advisor and view complaints, employment history, etc. you'll mostly have a judge on the credibility of the firm and the advisor from here. if they're also -- or only, if you search for someone on brokercheck and it says go to sec site- - an IA theyll be on the sec site where you can view the ADV filings of the firm. The ADV will have $AUM, #accounts, disc/non-disc breakdown, officer information, and a lot more details
Tradeweb TW is so slept on. Top pick for 2024 and just released blowout ADV numbers for Q4. Long TW short MKTX free alpha
3x -5X ADV in first half hour on the shitcos. Gonna be an interesting day.
Not really, it was pretty slow with lots of time to react. I think it might not be a bad idea to buy SPACS with low ADV close to NAV.
Tradeweb reported total trading volume for September 2023 of US$31.8 trillion. Average daily volume (ADV) for the month was a reported record US$1.57 trillion. ​ Yeah...no one is trading these dirty bonds
Can’t back em. Look up “Tofu dregg” and watch a few mins (all it takes really) of ADV China on YT. Building that bad the rain destroys them b4 anyone moves in, the owners can’t afford to move (or cant) leading to ghost cities, mortagages/rent ratio is dying and locals know the property market is a sham now. Nothing to take over and more to come down. They also build and new project and bail on maintenance. It’s a hot mess.
I choose to ignore that second part. I have read that while it looks fantastic, the nineT has a goofy seating position and is the kind of bike you love in spite of how it rides. If retro is your thing, the z900rs/cafe are fantastic. Really well-balanced as far as power, comfort, and performance imho. If big naked bikes are your jam, I think the refreshed Katana gets overlooked too often, mostly because the tank range is only like 100 miles. You could always go older (FZ1, Bandit) for a lot less money. You could buy two bikes and have enough for really nice gear with that one play. I'm excited for the ADV/touring market to cool off a little, kind of want to try one of those. The only problem is like, not real having money for a third motorcycle right now.
You will likely underperform if you invest into the big companies only going forward in my opinion small caps have a lot of value it will drive much of the returns but good job on outperforming, one year however does not mean anything! You also need an investing theme not just random stocks, I feel like you are just picking completely randomly selected stock! I would focus on ROCE HIGH FCF PER SHARE GROWTH AND SUSTAINABLE COMP ADV COMPANIES. One book i would recommend is terry smith investing for growth
You're saying and typing ADD, but I see ADV on your screen in the video. I'm confused.
Maybe you have a spelling or grammatical mistake in your comment? Planners are often fiduciaries. Shit, on the loaded topic of "fiduciaries", advisors are often fiduciaries. Insurance sales agents can be fiduciaries. Being a fiduciary is as easy as putting together a 60 page ADV the client will never read telling the client how bad they will get screwed. "Disclosure" and lack of willful negligence is all that matters in that case. More importantly, look at the background of the fiduciary. If they are Series 7 or FINRA licensed, check their Brokercheck. If they have their Series 63, 65, 66, check their SEC IAR repository for info. Read their ADVs for the firm and advisor. Search them on criminal databases in your state or LinkedIn, ask them for references. Understand how they are paid, what they are paid for, and why. Those are key aspects of finding a fiduciary. Tangent and long diatribe over.
TSLA has had 60% of is ADV already and nothing's happened. 
I admire this subreddit’s commitment to buying Tesla. 80% of the ADV must be from WSB.
You forget the power of algorithms and herd mentality. Bezos has a billion shares to his name. Probably options too. Amazons Daily volume is about 60m shares on average. That’s one buyer to one seller. So he would have to be selling its entire daily average volume of 60m shares a day for ~16 trading days straight assuming he was the only one selling…which he won’t be because markets. And of course you have to have a buyer on the other side. But the thing is algorithms will react to this selling pressure and see this change in volume and adjust accordingly…aka start to sell too, trend is your friend right? This could cause a snowball effect and more downward pressure on the stock if there are not enough buyers and spreads will widen, the stock will go down. Why do you think when big investors buy into a position (especially the multi billion dollar positions) they take quite a few weeks to do so? They’re not the only buyers. Their buys can move the markets somewhat or at least trigger moves in the market because of algorithms and affect prices. This is conversely true for selling. Took Buffett months to dump WFC probably only selling a fraction of its ADV so he gets the best price he can while the stock was selling off without adding too much to that downward pressure and killing his profits on the sale. Bezos would be selling a stock that’s tied to his own net worth…he’s has no choice but to sell very slowly otherwise he will lower his own net worth if he sells too fast causing a market move.
Find a fee-only, fiduciary, INDEPENDENT Registered Investment Advisor. Advisors that: 1. Don't use proprietary strategies 2. Don't receive commission for any securities they recommend 3. Are fiduciaries (not a broker) 4. If you want to work with someone who has demonstrated their expertise in the field: google a CFA charterholder. (much different than a CFP) Ask to see their ADV for an explanation of their business model.https://www.investopedia.com/terms/f/form_adv.asp Look them up on Finra BrokerCheck. https://brokercheck.finra.org/ Comments on active vs. passive: Index funds are a pretty good solution if you have a relatively small amount (e.g., less than somewhere around $1m). Caution: active vs. passive (index fund vs. managed/active funds) fund academic studies are focused in the most liquid/largest cap markets. The same conclusion is nowhere near as strong in less efficient markets. Most studies on active versus passive assume zero investor skill in picking managers. Further, most studies are in equities only, whereas in fixed income active has outperformed pretty consistently. Good luck!
Never heard of him but that doesn't mean anything since he appears to be an investment adviser. Bahnsen is a former Morgan Stanley and UBS investment adviser who appears to have gone independent about 8 years ago. The Bahnsen Group is one of the 139 different investment advisers that is part of Hightower Advisors. According to the Hightower Advisors ADV - The Bahnsen Group appears to be registered in CA, MN, and NY. Form ADV for Hightower Advisers - [https://adviserinfo.sec.gov/firm/summary/145323](https://adviserinfo.sec.gov/firm/summary/145323) They seem like just another RIA and investment adviser firm to me.
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ADV forming a double bottom, and a bull wedge longer term
Yeah of course. Not even 4/1 yet. If Mudrick does 5% of ADV in past week he's down to less than 2m shares or 800k notional. If I'm in a trade for almost 4 months now I'm looking for more than 10% return lol
Look at A&M advisors as an example. I see 3-4b in aum on this sheet split between their funds. Their website says they manage 4b in total. This list is probably total assets of funds that bank with SVB who listed SVB on their ADV, not assets at SVB. Time period is also uncertain, as when you look at the ADV for A&M, numbers don't align.
This list only contains the names of funds and advisors as it's extracted from ADV filings. It doesn't include start-ups and other listed companies like Roku
Not legal advice. PM is usually a fiduciary to the fund it manages. Duty of loyalty requires PM not to put interests of others *before* the interests of the fund. But everyone manages multiple accounts they owe simultaneous duties to. In their ADV, they disclose the risks of this (see side by side management) and their policy for allocating limited trade opportunities across multiple accounts (pro rata, rotation, etc.) to both ensure you as an LP are aware you could get fucked but also to make sure the allocation is done in a fair, often mechanical way so that while you might get fucked, sometimes it’s the other account getting fucked. Since investing is always a guess and there are rarely “sure things,” there’s always going to be some wiggle room about a breach of fiduciary duty so long as it isn’t an egregious violation of the trade allocation policy. Of course, egregiously violating the trade allocation policy by allocating all of an IPO to the PM’s personal account and none to the fund would likely be a violation of both fiduciary duty and disclosures in ADV. Whether or not you as an LP in the hedge fund have a private right of action to sue the PM is anyone’s fucking guess, but my sense is probably since often it’s a “partnership” and there isn’t a separate board overseeing the fund to pursue the action on the fund’s behalf.
You dont even need the ADV. You can simply go to [brokercheck.com](https://brokercheck.com) and look up anyone with a licenses and complaints/settlements against them.
> registered fiduciary. This sub loves the word "fiduciary" but if you google Registered Fiduciary you're going to get a link to a designation of the same name. That designation means absolutely nothing. Just look for a CFP. The CFP Board does require all advisors acting in an advisory capacity to have a fiduciary duty to clients. However, not all CFPs are the same, and not every advisor is going to be acting as the same fiduciary. So while it is good to seek out someone who "intends to work in your best interest", any advisor is going to tell you that. If someone wants to approach an advisor and knows nothing their business, ask (or better go to IAPD and search) for their brochure and ADV. At the very least you will then find out if they have any immediate conflicts of interest (e.g. they work closely with an insurance company or bank or other financial services firm and might be inclined to sell you a product), and you will find out how they charge for services. The CFP Board has an advisor search on their website. NAPFA (National Association of Personal Financial Advisors) requires any advisor obtaining membership to be fee-only. IAPD is also your friend as you can look up any advisor to see if they've ever been reprimanded by FINRA, or if their firm has ever been reprimanded by FINRA.
Excerpt from tradeweb report. U.S. ETF ADV was down 26.0% YoY to $7.1bn and European ETF ADV was down 22.7% to $2.9bn. Record U.S. institutional ETF activity, driven by further adoption of Tradeweb’s RFQ protocol, was more than offset by declining wholesale volumes. European ETF volumes reflected declining overall market volumes. Also, intuitively, institutions set targets of approximately 450ish for SPY. That's a 12% return. Risk free rate is 4.5. inflation Is almost 6% If they don't make at least 1.5x that, why would anyone invest with them ? Do you think institutions missed a 15% rally in Jan?
Tearlach (TSX.V: TEA OTC: TELHF) ($170M MC) has built up an impressive lithium package in the prolific Northwestern Ontario district - Margot & Pakwan (adjacent to Frontier Lithium) Wesley & Harth, and Ferland (adjacent to Green Technology). In this region, companies have made significant lithium discovery including: Frontier Lithium (TSX.V: FL OTC: LITOF ) ($460M MC) Pak & Spark Deposit has delineated two premium spodumene bearing lithium deposits on the property, located 2.3 km apart. Recently, Frontier Lithium confirmed the presence of spodumene with the Bolt pegmatite, between PAK and Spark deposits and the Pennock pegmatite occurrence a further 30 km along the Project. Green Technology (ASX: GT1) ($191M MC) currently holds an 80% interest in the Ontario Lithium Projects (Seymour, Root and Wisa) under a joint venture with Ardiden Limited (ASX: ADV). Tearlach is fresh off a $7.5M financing and has appointed an experienced mining engineer as CEO - Morgan Lekstrom, who has build a career building mines across the globe; Freeport McMoran’s Grasberg site in Indonesia and Rio Tinto’s Oyu Tolgoi Project in Mongolia, and he co-led the design, construction and commissioning of a new steel grinding media plant for Arrium (Moly-cop) in Canada and Peru LCE prices are hovering at US$75K/ton, and looks to hold as demand for the key battery ingredient continues to rise as car manufactures transition from gas powered cars to EV vehicles.
GPRO was a gem today in what was largely a stale day for the market. Nice to see it move when it actually paced it’s ADV. Optimistic we can see it break the 5.7 ceiling in the coming weeks 🤞
This is the most irrational the market has acted in a hot minute. MA crosses, VIX in decline, ADV low as fuck - but literally nothing is moving like it normally would. Flabbergasted over here
ZIM shipping company actually makes 6.2B on 13.75B sales yet 20% si . I bought a little today @ 24.60 and taking profits if up and buying long dated calls if down. 2.8B market cap . 80M float with 43% institutional ownership . Gets no volume though 5M ADV. Small divi . All in all a lot to like for me . DID I MENTION 20% SHORT. Take a look https://finviz.com/quote.ashx?t=ZIM&p=d
I'm on the gulf coast an we only have one (independent) Napa store in my area. We have all the usual parts stores AZ, ORLY, ADV which suppy most shops around here. The Napa here seems to focus more on HD truck & industrial parts. I think Napa's corporate stores are greater concentrated in other parts of the country, not so much down my way.
So FTX “took a 30% stake in sky Bridge capital” in October. You can find the Form ADV for sky Bridge Capital on the SEC’s website. Pretty large hedge fund.. the amount FTX paid for the stake is unknown… I wonder what Scaramucci will try to buy it back for.. hopefully the funds raised will be used to enable customer withdrawals
FA's are not in FINRA brokercheck. Brokercheck contains broker registration information. FA's are investment advisers and registered with the SEC. The SEC IAPD is where FA's and RIA's should be checked - [https://adviserinfo.sec.gov/](https://adviserinfo.sec.gov/) Fwiw - If you look up Bernie Madoff you will see that he is barred so his record is removed from the IAPD. But the previous Form-ADV is here if you are curious - [https://reports.adviserinfo.sec.gov/reports/ADV/2625/PDF/2625.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/2625/PDF/2625.pdf)
Anyone know ADV on Nasdaq? Do you have any recommendations or something I missed for not investing on it?
Depends on the size of the trade in notional terms. If it's 10% ADV because it's some microcap pos, then it doesn't really matter. If it really a big dollar amount, just call up your broker before open and tell them to dump it for you. They might charge you a bit more for telephone orders but it should be worth it.
$IHS Towers... I'm posting about it again to see if it will gain a little visibility... **IHS popped on my radar a couple of weeks ago when I clicked on a article highlighting 2 of JP Morgan's top picks. ** When i realized it was the leading Tower company for Emerging Markets, I was glad i took the time to read a description of the ticker i had never heard of.... because I wish I had gotten in $AMT (leading us Tower company) early in its growth cycle (bc the $AMT... along with $CCI & $SBA ... have pretty much perfect historical charts). So I couldn't figure out why despite have 33K towers (and on track to be the 3rd largest International Tower co by EOY), the price had continue to steady decline since going public the end if 2021- even when the rest of the market rebounded mid year.... Despite all Buy ratings, and even as Price Targets continue to rise. (Its currently $6.50 ... Average PT is $18, and most recent PT two weeks ago was Cowen raising its target to $27). After a day or two of watching some of the trades go through- it was quickly evident that a small HF was manipulating it down on extremely low volume (ADV is 150,000). The HF is basically churning the same 50k-75k shares each day ... as far as i can tell). Regardless of the tactic- It gets under my skin to see a HF manipulate a growing healthy company- simply because they can. **With just a small amount of increased visibility- (volume prob over 500K) The price would quickly get to the PT range- and the HF would be kicked out id continue manipulation!** So put it on your radar- and read a few articles, etc. Its severely undervalued and oversold. And will be big for many years to come. **Basic info**: IHS is in development and expansion of wireless communications network towers. It is the leading tower operator and provider in Sub-Saharan Africa, the Middle East, and Latin America. It is the 4th largest international Tower company- and will move to 3rd before EOY. Overall, IHS has 33,000 - 39,000 towers in its property portfolio, across 11 countries (Brazil & Nigeria account for the majority of its towers). Int'l Cell Tower Leaders: $AMT : $122B ...195K Towers $CCI : $75B ...40K Towers $SBAC : $36B ...33K Towers $IHS : $2B ...33K Towers Current P/S ratio is 1.2 (Price/Book ratio is also 1.2). Market cap is $2B (an accurate current MC is a minimum of $6-$8B). IHS also has an experienced, solid management Team and Board of Director. 2 notable Board members are... 1) Ursula Barns (Former CEO of Xerox, and Board member Exxon and Uber. Also- President Obama appointed Burns to lead the White House national program on Science, Technology, Engineering and Math (STEM) from 2009 - 2016 and she served as Chair of the President’s Export Council from 2015 - 2016.... and 2) Jeb Bush.
I’d suggest looking at some deep value plays. I went through all of Klarman, Burry, Einhorn, Abrams, Towle, Contrarius, and Icahn’s deep value holdings and picked my favourite deep value stocks. • XRX • SPWH • CWH • KD • TUP • CPS • CNDT • MTW • ADV • HOFT The other good one they own is banned from this sub, but I’m sure you can figure it out. These are the holdings these guys have that have the biggest upside imo.
“Worst year to invest since 1793” Haha, I’d like some of what this guy is on (Great Depression was late 1920’s). This year has been pretty mild historically in we’re calling this a legit bear. I do appreciate the DALBAR study plug. Good behavioral counseling is how good advisors earn their fee in my opinion. Great explanation on fee structure as well and how to cut through the sales bull thrown at you by actually reading the ADV-2. Paying ~1% for this is worth I think. Best mode would be to leverage low cost ETFs or Index funds or stocks (if you believe in a long term active approach), and have an advisor help keep you invested when it is hard to. Good post all around! Thank you.
>My suggestion to you is before you hire a financial advisor and they are only going to recommend mutual funds, ask them if they offer A share if you have $1 million or more, and consider C shares if your timeframe indicates that it would be more prudent. ???? Man if you have $1,000,000 and your advisor is pitching A or C shares still you should just leave. Even American Funds has low cost advisor only F shares. Edward Jones is an absolute bottom of the barrel advisory firm. They accept anyone, so statistically a handful of the advisors that work there are great, but if you meet the minimum AUM for most independent RIAs, just go that route. https://www.letsmakeaplan.org/?gclsrc=ds https://www.napfa.org/find-an-advisor You really want to know how you're going to be charged without ever stepping foot into a building? Go here: https://adviserinfo.sec.gov/ Step 2: Search for the firm. I don't live in Nebraska so I'm just going to search in Omaha for a random firm. BrookStone Capital Management is the first INVESTMENT ADVISOR, not BROKER, I find. Step 3: Read their PART 2 BROCHURE (which is just part 2a of the ADV). Anyway, they this firm has 2 fee schedules, one of which is a Wrap Fee Program. Step 4: Navigate to Fee Schedules. Turns out it's not straightforward with BCM but they could charge up to 2.5% on investment management. There's also a section about variable annuity fees. That's it. I don't like the fee schedule or annuity sales so I'm out on BCM. Just for fun I found Callahan Financial Planning and their investment fee schedule is laid out very nice and clear: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=763474 Looks like they bundle financial planning and investment management into one fee schedule with two different tiers of service. Maybe that's more appealing. Any advisor worth their salt is going to be clear about the fees they charge and certainly won't be hiding from you during downturns. But also advisors should know that talking about their series licenses is also meaningless as they're some of the easiest financial exams you'll ever take. Anyway, I also have those licenses plus a degree in financial planning, plus the CFP and CPWA. I assume there are plenty of advisors wandering around this subreddit as well.
Hmmm 3rd one today. 3452% of ADV for DAs.
Ionic Capital Management is based out of New York. Ionic Capital Management is a hedge fund with 13 clients and discretionary assets under management (AUM) of $3,486,251,328 (Form ADV from 2022-04-01). Their last reported 13F filing for Q1 2022 included $877,846,000 in managed 13F securities and a top 10 holdings concentration of 29.41%. Ionic Capital Management's largest holding is Occidental Petroleum Corp. Warrants (03/08/2027) with shares held of 2,961,371. [https://whalewisdom.com/filer/ionic-capital-management-llc](https://whalewisdom.com/filer/ionic-capital-management-llc)
>Cboe Global Markets (CBOE) average daily trading volume ("ADV") in multiply-listed options fell 4.1% to 10.3M contracts in June vs. May. People are buying fewer options due to inflation.
**WHALE MOVES** |Fund|Date Filed|Change in Shares|% Change| |:-|:-|:-|:- |Kalos Management, Inc.|06/21|-249|-43.01%| |Livforsakringsbolaget Skandia, Omsesidigt|06/21|1,150|+4.34%| |OLIVER LAGORE VANVALIN INVESTMENT GROUP|06/17|175|New| |ROVIN CAPITAL /UT/ /ADV|06/13|0|0.0%| |CONTINENTAL INVESTORS SERVICES, INC.|06/13|44|+0.9%| **INSIDER MOVES** |Insider|Filed|Change in Shares|% Change| |:-|:-|:-|:- |Baglino Andrew D|12/30|-3,500|-15.39| |Musk Elon|12/29|-923,435|-88.25| |Musk Elon|12/29|-10,655|-1.69| |Kirkhorn Zachary|06/08|-2,538|-3.91| |Taneja Vaibhav|06/08|-1,518|-5.43| |Baglino Andrew D|06/08|-433|-2.06| **APP RATINGS** |App|Date|New Ratings|Avg. New Rating| |:-|:-|:-|:- |Tesla|06/21|0|N/A| |Inside Tesla|06/21|0|N/A| |Tesla|06/20|7|3.86| |Inside Tesla|06/20|0|N/A| |Tesla|06/19|4|6.0| |Inside Tesla|06/19|0|N/A| **TWITTER FOLLOWERS** |Date|Followers Gained| |:-|:- |06/22|15306| |06/21|12436| |06/20|13796| **OFF-EXCHANGE TRADING** |Date|Volume|% Short| |:-|:-|:- |06/17|13,120,773|47.13| |06/16|16,560,403|48.38| **Data taken from Quiver**
**WHALE MOVES** |Fund|Date Filed|Change in Shares|% Change| |:-|:-|:-|:- |Kalos Management, Inc.|06/21|-249|-43.01%| |Livforsakringsbolaget Skandia, Omsesidigt|06/21|1,150|+4.34%| |OLIVER LAGORE VANVALIN INVESTMENT GROUP|06/17|175|New| |ROVIN CAPITAL /UT/ /ADV|06/13|0|0.0%| |CONTINENTAL INVESTORS SERVICES, INC.|06/13|44|+0.9%| **INSIDER MOVES** |Insider|Filed|Change in Shares|% Change| |:-|:-|:-|:- |Baglino Andrew D|12/30|-3,500|-15.39| |Musk Elon|12/29|-923,435|-88.25| |Musk Elon|12/29|-10,655|-1.69| |Kirkhorn Zachary|06/08|-2,538|-3.91| |Taneja Vaibhav|06/08|-1,518|-5.43| |Baglino Andrew D|06/08|-433|-2.06| **APP RATINGS** |App|Date|New Ratings|Avg. New Rating| |:-|:-|:-|:- |Tesla|06/21|0|N/A| |Inside Tesla|06/21|0|N/A| |Tesla|06/20|7|3.86| |Inside Tesla|06/20|0|N/A| |Tesla|06/19|4|6.0| |Inside Tesla|06/19|0|N/A| **TWITTER FOLLOWERS** |Date|Followers Gained| |:-|:- |06/22|15306| |06/21|12436| |06/20|13796| **OFF-EXCHANGE TRADING** |Date|Volume|% Short| |:-|:-|:- |06/17|13,120,773|47.13| |06/16|16,560,403|48.38| **Data taken from Quiver**
Kenneth Cordelle Griffin of Citadel Advisors LLC, Citadel Enterprise LLC and Citadel Securities LLC, who provides Robinhood and many other non commission trading brokerages monetary Payments For Order Flow (PFOF). A market maker who routes up to 40+% of retail orders in one business and front run’s those orders in the other business. His business’s are located in Chicago less than a mile away from the CBOE futures exchange. His multinational conglomerate has subsidiaries in just about every major global financial hub. Citadel Advisors LLC form ADV filed with the SEC for fiscal year 2021 is 261 pages. Know your enemy!
BOWL and CVT are up on tiny volume, but EQRX is actually on pace for above ADV today... There's zero retail interest in EQRX right now, they had back-to-back "catalysts" this week w/ a Goldman Sachs $8 PT (lol) and then a super weak PR about acceptance of Marketing Authorization Application in the UK. Both seem strategically timed to match up w/ insider unlock as well. Hmmm...
**WHALE MOVES** |Fund|Date Filed|Change in Shares|% Change| |:-|:-|:-|:- |ROVIN CAPITAL /UT/ /ADV|06/13|-346|-8.94%| |CONTINENTAL INVESTORS SERVICES, INC.|06/13|42|+1.7%| |IMA Wealth, Inc.|06/13|220|+1.06%| |American Trust|06/08|11,060|+28.88%| |Presidio Capital Management, LLC|06/08|126|+7.83%| **INSIDER MOVES** |Insider|Filed|Change in Shares|% Change| |:-|:-|:-|:- |Nadella Satya|03/02|-7,931|-0.97| |SMITH BRADFORD L|02/09|-27,860|-4.28| |Walmsley Emma N|02/01|3,300|54.14| **APP RATINGS** |App|Date|New Ratings|Avg. New Rating| |:-|:-|:-|:- |Microsoft Authenticator|06/14|0|N/A| |Microsoft OneDrive|06/14|171|4.75| |Microsoft Office|06/14|463|4.69| |Microsoft Outlook|06/14|2275|4.76| |Microsoft Word|06/14|863|4.74| |Microsoft Teams|06/14|0|N/A| |Microsoft OneDrive|06/13|238|4.69| |Microsoft Authenticator|06/13|272|4.83| |Microsoft Teams|06/13|2162|4.86| |Microsoft Office|06/13|826|4.75| |Microsoft Outlook|06/13|4310|4.81| |Microsoft Word|06/13|1502|4.72| |Microsoft Office|06/12|0|N/A| |Microsoft Excel|06/12|0|N/A| |Microsoft Authenticator|06/12|0|N/A| |Microsoft Outlook|06/12|0|N/A| |Microsoft Word|06/12|0|N/A| |Microsoft Teams|06/12|0|N/A| |Microsoft OneDrive|06/12|0|N/A| **TWITTER FOLLOWERS** |Date|Followers Gained| |:-|:- |06/14|5364| |06/13|5170| |06/12|4787| **OFF-EXCHANGE TRADING** |Date|Volume|% Short| |:-|:-|:- |06/10|8,502,661|53.83| |06/09|6,956,534|56.43| |06/08|5,491,324|52.61| **Data taken from Quiver**
You’re just throwing terms around that don’t make sense. What do you mean Tiger was ‘pushing’ caravana, and how is a stock with an ADV around 9m (about 11% of float) ‘illiquid’? Your first paragraph is just gibberish. The term hedge fund has been around for a long time (the 20, Alfred Winslow Jones), based on the idea that a private investment vehicle could maintain both long and short positions. There are now literally thousands of hedge funds that run a lot of different strategies. The idea that ‘hedge funds are just a hedge’ and should ‘make Insane gains based on once in a blue moon events’ is nonsense. There are hedge funds that run that kind of contrarian tail risk strategy, but that’s just one strategy among many. The whole point of a hedge fund is to be a ‘market beating investment vehicle’ for investors willing and able to live with the extra risk. You’re correct that a number of high profile equity focused hedge funds have been wildly concentrated in tech and forayed into private equity/VC, but again, you’re talking about those that are making headlines for that reason. You’re conflating ‘the hedge fund industry’ with ‘the small number of hedge funds that you’ve read about in the news’.
Today will go down as the day SPY ripped 2% on 30% ADV as banks scrambled to dump $2 Trillion in reverse repo. In other words: the day retail got completely suckered in.
Nice bike! I'm honestly looking into super motos now. The riding positions just seems so nice. It's a shame they all sound like farm equipment. ADV bikes check the box but they all look so dorky. I'm 6'2 and my legs just cramp so hard now.
You have to review your states guidelines on how to register as an IA and IAR. The biggest time sink would be getting all the initial paperwork done like your Form ADV and required financial disclosures from the state. I'm not sure if Accredited Investors have exceptions or not but you can always check your State Securities Administrator website for guidelines. A lot of this stuff ironically you'll learn while you study for the test. You'll know the regulations for IA and IAR registrations like the back of your hand by the time you pass the test.
Thank you! I don’t know if you had a listen of the earnings call today, but the ADV (average daily volume) is down compared to last year. What are your views on that? Of course, it’s a tough comparison to last year with the fact that many regions were in lockdown.