The Buy Button Removal Theory is a post by u/ty_winn first published on December 10 2021 on Reddit. Apes Army takes no credit whatsoever for this post and it is reproduced here unedited to ensure it stays on the blockchain forever, safe from censorship. This is not financial advice. DYOR always.
The original Buy Button Removal Theory article can be found here, please go a leave the author some love.
The Buy Button Removal Theory
This is not financial advice. Please be responsible and don't make any decisions based on this. Please help me poke holes in this DD for our community. I've spent countless hours looking into this like everyone else, but I believe I've made sense of it all finally.
__________
TLDR - GME and AMC along with other tickers would have squeezed the Russell 2000 (and other ETF's) in January if they did not take away the buy button. This has come all the way around again and they are desperately struggling to not let AMC squeeze as it would then squeeze IWM (Russell 2000) again and all the stocks they've had to shorted to keep IWM price down right now!
__________
So I think we have had too much of a micro view on the AMC line and AMC in general. I believe a macro view should help see the larger picture at play and what's going on in the markets and at stake for these banks and hedgies.
Why was the buy button on January 28th taken away?
Robinhood and others took away these tickers and made them PCO for a reason, but why these specific tickers?
I believe they were the most momentous stocks at the time and all were potentially part of the same ETF... The Russell 2000. If they didn't take away the buy button when they did the entire IWM ETF would have been artificially inflated by GME and these other tickers. It would have squeezed the whole ETF and thus would have squeeze a heavy portion of the market crushing a monstrous amount of shorts.
Here are just a few headlines helping showcase that GME shot to the top of the Russell 2000.
The artificial price inflation or squeeze of the Russell 2000 manifest itself on February 8th and the surrounding days in dozens of stocks in the market. This list isn't complete, but it's complete enough to showcase my point.
(Please note that I'm not on RH, but I've gathered these screen captures using their app out of ease to understand the point.)
June is when they rebalance the RUSSELL funds/indexes and when they did that the removed GME from the Russell 2000, but AMC was still there and they added a number of other problematic stocks with the intent I'm sure to short and get people to sell.
Well.. Obviously we're still here eating our crayons staying dumb longer than they can stay solvent.
__________
What's Russell been up to these days?
While everyone has been fixated on AMC and it's line I don't think we realize what Russell has been doing with his spare time.
AMC has become Russell poster child and largest position.
Russells available shares to short have been struggling more than AMC's even 👀
Cost to borrow slowly increasing, but this isn't really the big problem.
Russell FTD's were insane in September as well as last December leading up to the squeeze.
IWM FTD's from the last batch
Where do all these FTD's go? Obviously into PUT options which is where you will find all the same nefarious bad players with massive amounts of PUTS.
Short volume for IWM has been steadily high (especially for an ETF) and abnormally high of late!
Another source showcasing short volume for IWM.
Interestingly enough they have had to do everything possible to make sure IWM doesn't increase in value, because if it does AMC does. What a headache and balancing act they have had to maintain! 😂 Not wonder he who shall not be named has aged so much!
Curious why Avis (Ticker CAR) squeezed at the beginning of November? It's in IWM and it is now the second largest holding within IWM behind AMC.
I believe it's squeeze on Nov 2nd is what contributed to IWM's increase on Nov 8th after which they had to short IWM again heavily to compensate for that stock and the ripple it caused.
They tried to disperse the the pressure of AMC shorts by shorting ETF's and it has come back to bite them in an insane way IMHO! Now they have created a compounding effect that will amplify and magnify our squeeze even more with the pressure built up from within it's ETF's.
There is a lot more research and time that went into this, but I will spare you all that as I believe this should suffice to prove my theory and get people/apes poking holes in it and adding to it. I'll add more to this as questions or thoughts arise. Crayon poke away at this DD!
__________
Don't get discouraged my ape brothers and sisters hopefully this allows you to get a better grasp on why its been delayed and the magnitude these banks/hedgies have gone to to suppress retail and our efforts.
Please be responsible and do whatever is best for you and yours, but I will be continuing to buy when I can and Hodl our beloved stock. This is the way and it's working and compounding with ETF's!
EDIT: This is getting downvoted like crazy and the link is auto banned. I forgot to drop in here the SI for IWM. It's N/A for the past few months! LOOK HOW MANY SHARES ARE OUTSTANDING!!!!!
IWM CURRENTLY HAS ZERO SHARES LEFT TO SHORT WITH ACCORDING TO FINTEL!!!!
As we said before, the Buy button removal theory is not our work, it was posted on Reddit and whilst it is considered great DD we make no guarantees of accuracy of the information enclosed. However, we like the buy button removal theory as a general thesis, and think the OP actually might well be on to something. Find out more about Apes Army and what we do.
Posted from Apes.Army : https://www.apes.army/buy-button-removal-theory/