So, Ken Griffin's Citadel files a 13F with $428 Trillion of sold not yet purchased....

Non story, something that has already been corrected.

But conspiracy theorists think this will pump the heavy bags of meme, crypto assets.

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Non story, something that has already been corrected.

But conspiracy theorists think this will pump the heavy bags of meme, crypto assets.

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The Trillion Dollar part was adjusted down to the 428 Billion that Citadel has sold... but not yet bought. How the Hell do you see that as a non-story?

How can they sell that much that they do not own? (naked short selling)
Why is it legal? (it isn't)
What is this in relation to Bernie Madoff Ponzi schemes and FTX fiasco? (it is many order of magnitude worse)

But, you keep mocking and burying your head under your pillow.


btw, GameStop isn't a meme. It is a legit company with sound business plan and process in place. It is a true Deep fricking Value. As far as crypto, I have less than 100 bucks in it and no longer even a cent in bitcoin. If you have to go crypto, Etherium is probably the best choice.

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please enlighten me

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It means Citadel is f'kd and likely a large part of our market. This makes FTX seem like a sidewalk shell game.

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428 Billion that Citadel has sold... but not yet bought

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Where do you see that on the image you posted?

Here is a link to Citadel Advisor's form 13F and it says nothing about "sold but not yet bought." LINK

And the error on the form was the "thousands" part. The corrected filing shows the amount is in dollars, not thousands of dollars. So someone mistakenly put "thousands" instead of "rounded to nearest dollar." Not such a big deal as you seem to make it out to be.

Of course you're the guy who started a thread on the Political Board about the Federal Reserve "giving" $9.3 billion" to Switzerland last October and claimed it meant Switzerland was about to "experience a Lehman Brothers moment" (LINK) when actually the Fed didn't send any money to Switzerland but had entered into a liquidity swap agreement, Swiss francs for U.S. dollars, with the Swiss central bank which I explained to you and after which you promptly disappeared from the thread.

I hoped you had learned your lesson about making financial threads which you didn't understand.

Filings get messed up more than the average person would ever realize - 80% are caught internally and corrected after a call to the regulator.

10% are found by internal or external audit.

5% found by investor inquiry

5% by regulator

It is usually no biggie at all - much is automated but there is still the human factor.

I would not lose any sleep - and the “sold but not purchased” does not give me any pause for concern. 1) I just read through and did not see any material disclosure like that 2) if it is reported, no biggie - companies like that float all the time - depends on risk tolerance.

There is a reason employees make big, big money - it ain’t for filing - it is for risk oversight and strategic capital allocation.

THE FILING IS NEVER THE CRIME.

It is always the off the books crap that will burn down a company paired with lack of disclosure - this looks to be incorrect over disclosure

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LSURussian

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Woah

How’s being a multimillionaire treating you these days?

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I hoped you had learned your lesson about making financial threads which you didn't understand.

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You sound like a little bitch.

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How can they sell that much that they do not own? (naked short selling) Why is it legal? (it isn't)

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You’re really going to melt when you figure out the regulations are written to protect these funds because they are making the market cheaper and more liquid for retail.

Edit: BaseballSZN has arrived