Hello, hello, hello, welcome to friday afternoon i hope you're having a good one folks, folks, folks, some things to go about uh really really quickly, though, because i believe stephanie cameron is coming on to talk with mr charles payne, i'm making money going over some dark pool Stuff, so we i definitely want to catch that, but just so you know amc at 36 gme at 177, quick or text update for you, amc 3.28 million borrowed against it. 1.44 million net 14.74 in terms of gme 80 000 net borrowed against it short interest of 15. Just trying to get you, those quick updates, and just so you know on this other side, let me just make sure we have uh the making money all set up for you. I don't.

I know we don't want to miss this all right. Let me do it real, quick, real, real, quick, happy friday, everyone two hours to go coming up black holes of dark pools, all right. We have this. We are getting ready all right.

Let me get this over here. We don't want to miss any of this and then in terms of volume. I know you guys can't hear it quite yet. Let me just double check it's in an infrastructure, all right, uh.

We just have some it's coming up. It's, i believe it's actually. Next um. We just have to wait for the ads to play through.

We are ready. We are ready, making money with charles payne monster day for the market that continues to display remarkable resolve that really matches the commitment of the individual investor. That's right! It's not wall street, where pessimism continues to run high and more and more folks are jumping on the pullback bandwagon. Now many of those experts have boxed themselves in because well they so rigidly refuse to admit that their work is wrong.

Whenever is wrong, although some are grudgingly coming around, hence you see big upgrades today on stocks, many of which are already changing hands at all-time highs. Of course, it's still a very selective market. Coming into today's session, less than half the names in the s p 500 were even above their 50-day moving average. Meanwhile, there are so many subplots folks.

I mean the market continues to potentially uh deal with all a lot more government spending coming in there's the fed, tapering and inflation talk and what the heck is going on in china, where the communist government there has actually gone to war with its most profitable companies Joining me now to help pass it all out the university of maryland economist, peter murray. I guess the dark pool thing isn't first, so what we're gon na do just wait for stephanie cameron to come on to talk about these doc pools, but for now we can throw amc up iwm, somehow pushing back um. It looks like spy was rejected at the psychological level of 440, taking a bit of a breather right now. Let me get this out there, so we have more people to talk about dark pools, so we can all learn a little bit of something all right.

Let me get this out to the world. Just tweeting, this out live dark, pool, talk all right, good, good, good, good good, so it ended up being a pretty boring friday. Amc flat at 36 gme went down to 173 up to 180, now, 177, still relatively flat. Gme volume, not even a million 829 thousand amc.

What are we at 64 million, not bad, but also not specifically, good or kind of in the middle? Nothing too wild, nothing too, wild all right, we're still waiting on that all right. What else do we have? We have these here's a look at the bigger picture, gme very, very similar spy. Oh just so you know the spy, the s p. 500.

Our stock market did hit a new all-time high spy etf exchange, traded, fun. Think of it as a basket of stocks. This particular basket is tracking 500 of the biggest companies in the us. That's why it's thought to be a barometer for the overall stock market that did hit a new all-time high, i'm not talking for the year the week to month.

Anything like that. Historically, we made the a brand new never seen before high today and let's see what that current high actually is 4404 all right. Let me get that. Let's see, if there's any breaking news across the board here, all right, we are good to go.

We are good to go. Dogecoin rally, unusual options activity. We had a bullish sweep the 36s for today, so someone came in as i'm assuming, obviously a day trade because they expired today, but they took some size some size on the 36s, but overall kind of quiet. It's a calm friday.

People are more ready. What are they doing this weekend? All right, i'm just waiting for this particular clip to uh, and where are we going all right all right now, let's get to some of your questions. What do we have? What are your questions? Uh matt? If you look at gary gensler twitter, looks like he posted a poll earlier this month. Hopefully they look into naked shorts uh.

I'm told that that's not necessarily a um. I don't think that's his has anyone confirmed if that is like? Actually his twitter uh, someone said bam. Tweet matt is now featured on the new track. Wait jane, jane, knew track of what i got featured since we own the float.

Can we vote to take the company private? Would that expose shorts uh then take it public later. Um, i i'm not really sure about that, but, like that, would we can only vote on the proposals that are given to us, so that would have to be proposal um. But we do we don't necessarily own the entire float, but we do control a majority of the vote. I don't get it most of us are playing with house money.

Why does anyone look like think we're going away? I have nothing to lose in everything they gain hotel searching for adventure. Shout out. Where can i get the music that you played at the beginning? It's um martian xtg. If you search that on youtube, it's called boom boom candles and then there's some other ones as well.

All right, we are waiting quick market check. I believe stephanie cameron. She is on twitter. I believe what is her twitter? Let me find hers really quick, stephanie cameraman uh.

I think it's volume at volume, print print with p-r-i-n-t, says volume, princess uh stephanie, with an f, not a ph stephanie cameraman. The stock whisperer is her twitter she's, the one who's coming on to talk with charles payne about dark pools, all right, all right, they're talking about snapchat um, if you're in snapchat. Congratulations because it's been having a monster day, they did really really well with their earnings announcement. Hence the stock is running like a madman, all right where uh.

What do you think about s? U, i c fintech, it's been running for the last couple of days. If it's been running for a couple of days, i could probably tell you you shouldn't be chasing it. You don't want to be late to the party um a little bit of resistance right here, more resistance at 336. This is more of a penny stock, though it's an otc penny stock um i mean it.

Look like this. A weird chart. It runs up. It gets destroyed.

It's trying to bounce like i wouldn't mess around with this um. It had been one thing for a bounce play, but now you're a little bit late to the party. I don't know anything about it. I know it's not on a normal exchange, it's on the old, the gray market, which is even less regulated.

If you think, amc and gme are not regulated like you're, really not going to like the gray market, not regulated much on a relative basis, it might keep going. But to me it's not worth the risk, all right, uh, gme, really really flat. Not doing anything. Amc.

Waking up a little bit getting over 36 would love to see it above 36.78. Here we go. Let me mark this out. Really quick uh iwm you going to keep pushing or no hey brother man just filled my ice block with some great looking meat from butcher box, the marinara delivery woman i in the box came in so she may be feeling john.

What's going on man good afternoon, kinky coors, could you explain the buy cell walls? I don't understand what i'm looking at on your level. Two, oh okay, yeah! So here we have amc's level, two um, basically level. Two, this level two is the new york stock exchange. This is one exchanges uh lit exchange so, as in you can see the sitting buy, orders and the selling sell orders.

So when you put in a limit, buy a limit sell, that's what we're looking at here, but this is specific to the new york stock exchange. So this is the amount of shares trying to be bought uh, as you go down at the associated price and on the right side. That's the exact opposite. These are the sitting, sell, orders and then up top that's just like a graphical representation.

Basically, it's the total aggregate like it's adding in each cent of the total amount of sell orders and then, as you go deeper down the bid, that's the total amount of buy orders. So it's just a quick graphical representation. But remember this is one of the lit exchanges that, as in one of 14, the new york stock exchange, but this isn't talking about the market makers, and this is also not showing you the data for the dark pools. This is literally just one exchange and the current buy and sell orders for that exchange uh.

Let's all tweet wikileaks to investigate amc, darkpool corruption or set up gofundme to purchase uh spyware, oh brother um. I don't know the the go fund me, the this crowdfunding. It's a little bit of a tense subject. I would say in this community a little bit of a tense tense tense.

Subject right, how are we doing this iwm pushing pushing pushing pushing showing a bit of life? I, like it amc pushing s p 500, pushing! Let's see what we could put together for power hour, are we on stephanie, yet no talking about starbucks restaurants, all right all right spy coming back live? Is it going to make a new high? What other questions do we have folks, i'm so happy it's a friday. It feels like an oddly long week, folks not much longer to go depending on where you are maybe you're already off work for the day. Maybe you have even more hours to go. I don't know but hey it's friday.

It's it's the weekend. The weekends here we're gon na be able to rest and relax iwm whoa whoa whoa whoa uh nice little candle handle uh. My shares are with schwab. I can't find anything about share landing.

Do they do it? Oh i'm sure they do jack and marvin. That might be some. If you can't see anything easily, you might have to call them, but i've never heard of a brokerage that, like just doesn't, do lending it's a big money maker for them uh. What do you think of the bam investor model? I mean? I don't know much about like.

I know it's more of a kind of a psychology based thing i believe, but i don't know much about how it's created and i also don't know the specific numbers on its accuracy. Sometimes i've seen him get things spot on and then other times he's definitely been wrong. Um. But in terms of like mathematically of like what is his accuracy, i don't know that number off the top of my head kinky cores.

Oh, that's: hilarious, um, okay, they're doing the ads. Is this what's coming up? Next, usually he tweets out oops the order. Where did this go? Did i just accidentally click on the fidelity ad hold on hold on hold on all right. There we go.

We are good. We are good, let's go. Usually he tweets out the order, charles payne, charles payne. What is the order? Growth versus value? No debate volume princess? I thought she would be first.

This is why i thought she would be first well. He hasn't talked to these people. Has he beverly no chief market, tragic senior vice president lp, all right, no daryl, daryl how's daryl been doing congressman from california. I think she should be coming up soon for what we're interested in about dark pools.

Oh, she comes on at 2 40.. Well, that means we have some time to kill. Folks 240. Is that what she tweeted out - volume, 240, 240 240.

Did she say 240 edu uh dark pool coming up at 2 30., i'm seeing 2 30 from her account. So it sounds like we have a little bit of time a little bit of time. Folks, if, for some reason i get going on a rant and then all of a sudden she's on and i'm like missing it feel free to, let me know feel free to. Let me know, oh did not want to do that, actually, probably a better way for us to pay attention to it, though all right, amc looking alive looking alive, making that run to 36.50.

Looking for the breakout of 36.75. What is this going to do? Man iwm coming back to life folks, it was a brutal morning for it. It ran up bounced right right off of 218 and now we're getting a nice recovery associated with somewhat of a recovery in amc. I think things could get a bit spicy above 36.75 awesome.

Maybe we'll end this friday on a super positive note, man, this is how low a volume is. I'm on gme's five-minute chart there's been some five-minute periods where, like it is it's essentially just trading, nothing, just the volume. The volatility has completely dried up on it. We want that someone needs to turn that faucet back on the faucet needs to come back on there, all right, let's um, let's stand up, let's stand up, let's work on our six packs, folks, all right, all right, all right! All right! Here we go here.

We go here. We go a little bit of friday, fun. The friday friday sessions are always a little bit lighter, so gives us the opportunity to actually have some fun all right. What are we listening? Oh, this is kind of important.

Let's listen to this! You know. That's real or not, but from what you understand and what you see now, if they go through with this on monday, would you be voting for it? I don't expect to be years ago. Back in 2009, there was a book written called senseless panic that came out of that one trillion dollar bailout when the banks were collapsing. What's amazing here: is this investment, as it's being called, especially in human infrastructure, is really uncalled for at a time when you've got inflation already underway, and you clearly uh have an overheated economy, one that is begging for workers to return to work, and so what are? We going to do sorry we're going to find ways to stimulate at a time when the economy is begging for a little restraint by us in washington.

Well, to that point, that 3.5 trillion comes down to president biden, convincing two senators to go against their word and with all due respect, it's not the hardest thing in the world to get a politician to go against their words if it goes through. I think it fundamentally changes america. I know we focus on that price tag, but i'm more i'm as concerned and more concerned about how fundamentally changes us you kind of touched on it, a nation that would rather not work a nation. That's wooed away from self-achievement things like that.

Your thoughts likely well you're exactly right at a time when we're trying to get people back to work, uh and get people back to responsibility. The president is promoting the idea of again expanding the pay not to work and, if you noticed it coming out, he's also talking about further deferring people paying their own mortgages. Okay, someone asked check out the 66 000 share order on the level two sixty six thousand um. Did they already pull that angie or? Is that the one that we're paying attention to i'm not seeing the 66, but remember they can put things up there quickly? Take them down quickly: whoa whoa, whoa, okay, amc trying to do something for the afternoon.

I read that if a stock pays dividends, the shorts are obligated to pay the dividend on borrowed shares and theory could drain them of liquidity drain them of liquidity um. This is um, so the first part of the question yeah, that's what happens if you're borrowing those shares and there's a dividend then, as a short, you have to pay that dividend could train them of their liquidity. Liquidity in the stock market is not that liquidity in the stock market is is how easily is a stock trade? How built out are the bid and ask like, can sizable positions get in and out without with, like relative ease um, it's not the liquidity that we think of in terms of um like how much money you have. I know that there's some creators who have been getting that wrong, but please that is not liquidity.

Um, we think of liquidity of like how much cash do you have liquidity in the stock market is how easily is the stock actually traded. So, for example, penny stocks penny stocks - it's not like all of them out there. You could just go, buy a million shares. If you wanted to buy a million shares of amc right now, yeah you could.

It would take you a little bit but you're eventually going to get filled, there's certain stocks that literally just don't trade, that much in a day. So it's not it's not a high liquid stock. It's difficult to get in and out fun friday apes shout out adam! So most of my shares are with schwab and as well, but within my 401k pcr account, i couldn't find the share option anywhere may need to call uh if you do end up doing that, can you let us know just so other people on tribe know like. What's going to happen jack all right, i think we're up to date there.

Oh, i should probably do to turn this arrow around turn this audio up, so i can hear when they're done and then i'll, let you guys know all right. Amc going for a breakout. 36.75 coming dark pools, dark pool swirling. Is it starting now coming up all right coming up so he's at 2? I think stephanie's next, i believe she's next, maybe i'm wrong, though maybe i'm wrong.

A certain youtuber said that the shorts tested buying back some at 50. Is that even possible? I don't think so, because we haven't hit 50 in a while um, i don't know, doesn't, doesn't sound the most logical to me all right, all right all right. It is friday, friday, friday, friday friday. I hope everyone's getting up to something fun this weekend, even if that's just kicking it back on your couch and finally getting some relaxation.

I know the community at large would uh appreciate that a lot of us just a little bit of a breather right, audio audio. What do you mean? I mean it's just a commercial right now i have the audio off. It's just a commercial, just a commercial oop. I spent my vacation money on that dip shout out timothy um.

Well, i hope you make money to take a gazillion vacations after what is this available? What is this apes to the moon? That's hilarious friday, friday uh, not a dead ape. If you had to guess how many, how many hedge funds have to cover amc, it's not the important number, isn't how many hedge funds it's, how many shares - and i mean the ones we just know of like the ones at like at minimum - we're talking 94 million. That's like an absolute bare bear. Minimum all right.

Amc boom goes the dynamite. We're fighting back. This thing might go green on the day. That's awesome, we're picking up some action here we go.

What is the previous ghost 3724? This is the red green line. 37. 24.. There we go.

This is the red green move, nice, nice, nice, two of nine? Okay, let's get! Let me redo it come on. Come on, come on, come on all right i'll! Let you know when the ads are done, but amc red, green red, green red, green. The the old red green move, that's awesome, some strength, turning it around, not letting the bears beat us down red dot, green dot. I guess that's, not an emoji green.

How is a red dot an emoji, but a green dot is not like losing my mind. Green emoji - oh this one, it's not a the one's a red dot, but the green one is called a green circle, obviously completely different, completely completely different one's a dot one's a circle. Here we go we're making that move about to go green, get ready, get ready, get ready, get ready and then we're going to be listening to this sweet sweet sweet. I just can't believe it's called green circle.

We have a red dot and a green circle. Tough. These these emoji namers. What will they come up with next? What is this nope major indices? I'll? Let you know we're here for the dark pool talk here.

We go 16 cents away we're getting there. Jimmy also waking up we're pushing 180. we're pushing we're, pushing we're, pushing folks we're ending friday on a nice nice green note. Imagine one day on friday and all the apes kicking back their feed ups and piles and piles of money love.

Y'All hodl got my fam to buy amc because i'm not sharing my money. I would love to see you in hunter interview. Is that possible? I mean we he's previously been on the channel. I don't know it would be youth.

We don't really need to have another one. Thank you for letting me know the difference. My point was: is their way to vote on a dividend could help it hitting shorts in their wallet. It's not up to us to decide.

If there's a dividend, the leadership team would have to decide generally when a company has debt. They're not gon na do a dividend um and we don't have debt due anytime soon in terms of amc, most of it's due in 2026. But usually you like you're not going to spend money, paying a dividend because remember the shorts are only paying on the ones that they're short but amc would have to foot the bill for all the other ones. All right, 37.08, we're hanging out we're breaking above resistance.

We're making this red green move 37 24 showing strength. We have about a half hour to go until power hour, all right spy triple topped at 440.. This was an all-time high 440.03 triple top. Let's see how that can actually handle the situation.

I just called schwab. They said i had to intentionally sign up for share lending, i'm not in the program, so my shares can't be lent out. Okay, awesome, uh, voy g factor, okay, fuy g factor. Thank you i'll check out that.

Can you uh message me again like right now, so it pops at the top, though imagine one day and friday we're all kicking back? Oh, that's the dream, all the rich apes in the world when we're on the moon. All right stephanie is not on yet they're. Talking about the s p 500, as they hit all-time highs after suffering, their worst losses since may on monday, all over all over the place market doesn't know what it wants to do does not know what it wants to do all right. All right iwm is bending back around.

What are we doing here here we go come on, let's hold, let's hold and push i'm. I want to go into friday already pardoning like. I want the party to start in power hour and then just kind of run. All the way all weekend, that's where i'm at mentally with all of this, let's get this moving all right, nothing there! Yet all right what questions do we have still a good point for new apes to enter thoughts? Matt also, i strongly believe amc will go to the moon.

I mean i can't tell anyone when to or when not to enter, like that's all up to you, if you believe in the dd for me uh. I know my thoughts on the dd. I still vary like i have i own thousands of shares of amc and i'm i'm happy with the dd i'm happy with the situation. Obviously it could be better, but in terms of new apes, they have to make that decision for themselves like this.

Isn't one person's trade where us person on social media is like leading it and telling you what to do it's all of our trades individually um, you have to do what's best for you, i'm doing what's best for me, um a new ape shouldn't be taking just The blind guidance of someone on like the internet, that's what you would hire a financial advisor for uh, but but why would the volume and open interest on august 13 expiration be so low in comparison august 13th, comparison to what? Why would the volume so volume nope, um um, the volume is how much is traded that day and the open interest is the current live contracts? This is my first 47.5 for next week. Thanks for all your knowledge and expertise, brett, i hope you absolutely crush it. Absolutely crush it all right, iwm pushing push and push and pushing all right or 219 220. We might get a very interesting move of in iwm into close.

Let's see if this can continue uh just so you know, if you're just joining in right now we're waiting to hear the dark pool discussion between charles payne and stephanie cameron um on making money uh we're waiting, he's speaking with someone else right now about just seasonality. Actually, this is kind of important as september. I guess mid september starts to push all right, all right, all right come on. How are we doing this? Come on amc? Let's do this thing, let's go.

Let's go: let's go 19., so overall the spy is flat now, but it's after a crazy run. All day like this thing is just ripping, and it's now consolidating and who knows what it'll do and to close uh gme weird day hit down, beat back up now we might be forming some form of a cup and handle here's the cup, let's see what it Do does like it might just want to rip right above 180 for all i know, and then amc pretty similar hit this morning fought back kind of consolidated around just below 36, and now we're at 36.50 thus far haven't held this breakout, but this in itself might Be a cup and handle all all up at 36.75. I want to see this bend back around. It would be phenomenal to go green right here, 37, 24 and then rip into power hour all right.

Let me see this. Let me see you check out vod uh yeah, we'll check out vod, you don't know you don't know until you know what you don't didn't know. Thanks for the education matt uh finn watchdog, twitter thoughts, never heard of finn watchdog. I'd have to look into that.

I've been traveling for two days, vegas and now hawaii, tomorrow, uh being a duck shirt blackout. What have i missed a lot of just i don't know, amc jamie slowly, drifting down, but not getting beaten down, market hit a new all-time high, iwm being a little bit weird because of the infrastructure deal. Is she coming up next? She is next all right. He just said: she's, next, all right, sweet, sweet, sweet, we're getting ready, getting ready, getting ready, getting ready, uh thoughts on sin, world and uk mushrooms, stuck in the uk, jump on that after amc same situation, uh, that's tough! That is really tough um.

Just because i don't know, if sin sin world has the same community support that amc. Does it's very important just because something's highly shorted it in no way means that it's actually going to squeeze in fact highly shorted stocks commonly fall? That's why amc and jamie are so special is they have a huge support like support behind them, a huge huge social media based community that kind of helped it fight against the grain vody up 40 squeeze potential or text data? Please body, all right. Let me pull that up, but we're just waiting for stephanie cameraman to start b-o-d-y. It has a short interest of 8.81.

That's really not that high. I don't think that's a short play. Remember stocks can move up a lot without being shorted like that's, not a prerequisite for a large gain, sometimes something's just announced and people start buying it they get excited, but not squeeze potential. No remember squeeze is legitimately, shorts are being squeezed like shorts are being squeezed out of their position.

Oh and someone asked about vod vod vod uh, i mean we talked about this yesterday. I was more favorable of the bounce has a lot of gaps in this chart, though, why nasdaq it's not that highly traded of a company i mean average volume, 4.45 million shares um, but in terms of technicals it is over sold and we've been bouncing off. Of that, i would look for it to get above 16 17. Something like that, but i wouldn't trade it honestly.

I just don't like it that much like the chart. All right are we ready? Let's do this come on load load, load uh when she starts i'll turn the volume on i'm just waiting for the ad to end uh appreciate good job. There shout out vegas and hawaii irish. It sounds like you're having a great time sounds like you're having a great old time.

Oh spy, picking up this might be the candle. That's tipping its hat, that it could be running in power hour. What time is it 240? This might be the one that does it in if we start to build up and break this thing might start running now: trending on twitter, dark pool corruption, shout out champ champ guerrilla champ. I made a deal with myself.

If amc dips, i get to eat spinach and artichoke dip until the reversion looking thick af over here. I love that all right, clear choice, dental implant, free, i guess we're giving clear choice - a free sponsorship today, all right, we want amc to come right back above this 36.75, currently trading at 36.50, gme trading at 179.13. uh. Before this, let's do a quick or text check for everyone, especially if you're just joining in the borrow against amc.

The net borrow 1.35 million, with the total borrow of 3.28 million short interest of 14.72 percent gamestop, a net return of 30 000, pretty much net neutral short interest of 14.85. All right now i got ta. Tell you one of the first things i learned when i started on wall street is that the system is very fair and i would be the first to get back and enjoy this in so many ways, and yet it's still the greatest wealth creation machine in history. So with that in mind, i see things like in volume, price action, other ways that are telegraphed, that the big insiders are using to get the edge and sometimes at the expense of individual investors, but an area, i'm not an expert in are the dark pools, but My next guest spent eight years trying to fight this battle alone and she's joining us now.

Stephanie cameron, also known as the stock whisperer stephanie. Thank you so much for joining us. First, just tell us what is a dark pool hi there, charles thanks for having me on yeah the market is rigged and manipulated by the dark pool and what it is is it's. This alternative trading system called an ats where the big institutions do most of their trades and why they love to do their trades in this alternative exchange is that they don't have to report one single share until their entire order is completed, so they have three hours.

Even after it's completed to show their hand to show us their trade, so they love it right and and of course there's it can be worse than that, because you discovered some loopholes in this dark pool system, including that 24-hour late rule. How does that work? Well, i was informed by a floor trader that um. If goldman sachs will just use him, he's one of the biggest institutions out there if they were to cross their trade from their london desk to their new york desk. They don't have to report this trade for 24 hours.

This is huge. I mean i've, spotted them selling massive amounts we're talking billions of dollars, charles at the top, without showing their hand for 24 hours, they're literally coming in the next day. You know this should be illegal, but there's that loophole and they buy the same way. We don't see one single share until 24 hours later they're, literally coming in all day long yeah, it's a huge advantage.

No, of course the dark pool implies a lack of transparency. Obviously uh - and we know that whenever there's a lack of transparency whenever there's when they're when something is opaque, bad things happen so right now uh we hear about fines right, but they're so minuscule i mean people are saying their joke. Tell us about some of the fines that a quote unquote been leveled against these big firms. Yeah, i'm just gon na talk about a couple of them, but you know it's ridiculous.

So in 2016, barclays and credit suisse um they were allowing high-frequency traders into their dark pool, which number one that is so illegal and then they were letting them front run okay. This was so bad. They got fined 154 million dollars, which may seem like a lot to you guys, but it's nothing. They made billions of dollars and goldman sachs got fined in 2011..

They were doing price uh discrepancy in their dark pool, so people were getting filled at really bad prices and what did they get fine? They got ta find like 800 000. They make more than that before they even have breakfast charles citadel yeah. Let me ask you about citadel connect. What's going on there well, first of all, citadel got fined seven hundred thousand dollars a little while ago for front running in front of their customers.

Okay! So now there's you watch my video yesterday, investors out there and they have every right to be angry, but they're, claiming that citadel has this uh exchange called the citadel connect, which is supposedly not a dark pool all right. It's not registered and it's an ets and they are claiming that there are trades being done right now you guys that are not being reported to finra. Now i have not done personal research on this trials, but if it's happening i mean this is disgusting. The sec needs to do something about this right now.

If they're, you know they're not being compliant. If this is really happening, there needs to be something done right now so and in the meantime, no stephanie, because we're running out of time, unfortunately, it's tv, but i'm going to bring you back. Listen it's not a transparent system. These dark pools are being abused, uh and the bottom line is this.

Manipulation does hurt investors in stocks like amc and gamestop. Is that your opinion yeah? I mean there's. This short squeeze happening right now, as many of you know, and you know they - they really believe that there are trades being done in this other exchange and it's not being reported. So you know what can we do charles? What can we do? The sec needs to look into this.

We have to expose this. We need to change this, so i'm here today to shed light on the dark pool, and i hope that you invite me back so i can shed some more. No, we will we will now. I know there's ways to make money off the dark pools, but right now we're looking at the more nefarious aspects of it, because we want everyone in the market.

It's got to be a fair, transparent market and why the hell do these trillion dollar folks need any advantage anyway, stephanie you're, fantastic. Thank you very much. We'll talk to you again real soon. Meanwhile, folks, stock market research, uh firm departments, you know they never really recovered from the wall street settlement.

If you guys remember that okay well, that i mean i guess interesting, interesting, interesting interesting. I want to look more into when they were talking about, and she actually said that on her interview here on this show kind of that nature of if goldman sachs. If i remember this right, she was saying that if they lit uh one of their other deaths executed, they somehow get like a 24-hour window. Um.

The the main question i have from that. My main question is she kept saying it doesn't have to be reported like what does reporting a trade? Do um is reporting a trade, a volume spike uh? Is it when it actually impacts the price action like what i we need the details on like specifically, what does reporting a trade actually do? Who are they reporting it to like? What are the details of an actual trade report? Um? So maybe that's something we could get her to clarify here or something like that or maybe we can get her to clarify it on twitter, but i want to just know like when people are saying: oh, they have x amount of time before trade is reported. Okay. Well, what's that mean? Does that mean we're not seeing the volume? Does that mean it's not coming across on the ticker tape? Does that mean that it's not even impacting the price like there's a lot of questions, at least in my mind of what, when we're referring to reporting a trade, what's actually all involved in reporting um, that's a good thing to just say of like oh, it's not Reportable, like i want to know the actual implications of that um in terms of the 700 000 thing.

I made a video on like that last night. If you want to check that out, it's called citadel caught and i also have the link. So you could read about like what they were actually caught doing, but basically um a huge amount out of like 519 trades. I think, like 450 460 were delayed to the tune of a couple minutes which, in the world of training, is actually kind of a big deal.

We were looking into that a bit more today and you could see that uh the finra like documentation on it, so they were delaying orders by a couple minutes and they were trading themselves and not fulfilling their customer orders uh. But in that particular like legal case, it was not being delayed by days it was being delayed by minutes, but in the world of trading, that's actually still like a big deal. Uh definitely a big deal, especially when that's their duty, like if you're signing up saying, hey, we're doing this and we're giving people best execution the best price possible. Well, are you really, if you're they were marking all of these trades as inactive and when i'm saying they i'm referring to citadel securities, the market maker uh, but once again uh my sources and all that were in the video posted yesterday um interesting talk, uh uh.

Unfortunately, not too far into the details like i wanted more of like the actual systematic details of what does and doesn't happen so one of these days we should definitely get an interview with someone who has that level of expertise. Uh because that's a point that we're kind of at as a community at large, the ape nation community we're aware of dark pools. We get what they're supposed to do and we get more of the nefarious aspects of how sometimes they're selling their back doors to high frequency traders. How sometimes they're, like apparently obfuscating certain important pieces of data, but it would be nice to get on someone who knows like the mechanical expertise uh, she brought up citadel connect and uh.

I believe she mentioned that she has not looked into that really like herself um. So that's something that, like hey, if you want a little bit of homework this weekend, i know myself i'll be looking more into citadel connect. I've had a couple conversations with people who know far more about it than i do so. I'm hoping this over this weekend.

I can do a little bit more dd myself and i guess better articulate to all of you if you haven't heard about it, but basically it's it's one of those things that it really much sounds like and looks like a dark pool and then they're not calling It a dark pool, but i mean if it sounds like a duck and waddles like a duck, it's probably a duck, but anyway that's another thing that if you want to look into it, that's kind of a hot topic item right now in ape nation is specifically Citadel connect where it really really does have all the distinguishing marks of a dark pool, but somehow they're, just not calling it a dark pool all right, 700k that just a slap on the risk cost of doing business. Okay yeah. So that was the article that came out in july of 2020 um and that one was the hang on financial times. That's this one citadel right here to do that's this one um, the main takeaway is based on a review in 559 instances.

Citadel security is traded ahead of inactive otc customer orders, so what they were doing was. Oh actually, it's better explained right here. Um. Over a two year period, in september 2014, the market maker removed hundreds of thousands of large otc orders from its automated trading process.

According to finra, that rendered the orders, inactive and so had to be handled handled manually by human traders. This so the takeaway - and i know the part that a lot of people are going to hop on to is citadel securities delayed certain equity orders. Yes, they delayed them, but if you look into the additional documentation about this, the delay is it's not multiple days. It's minutes but, like i said earlier, that is still a very big deal.

Um they're literally like it's. What they did was illegal, hence why they were fine, and then that brings up the second point like this fine, it's probably a joke. The fact that they're doing this with large block orders essentially front running 415 of 559 instances. I'm assuming i mean i think it's a pretty safe assumption that they made more than seven hundred and thousand on it.

So what you were referring to of a slap on the wrist, it's a it's a speeding ticket to them. Seven hundred thousand! That's nothing! Not even a million dollars on top of that right here. This is a different thing related to finra's requirements to display orders. The bulk of the violations were from failing to execute trades against existing quotations in a timely manner.

So another thing where, like we're referring to time - and i know in the this community - various people are discussing this concept of holding it for various multiple days. That's not what this is about. Um, i would love it like. I was doing some research of my own over the past two days.

I was trying to find an instance in which a market maker was caught for delaying orders for multiple days. I can't find that if you have that, please please send it my way. I would love to discuss it on a stream. I would love to create a video on it, but everything that i'm finding uh specific to this one, the delayed orders and the not a timely manner, was more of in the realm of a couple minutes like a handful of minutes and not even hours or days.

I'm not saying that they don't do that. I'm just saying i haven't found a legal case that, like has exposed that quite yet, but overall, that's the 700 000. This is citadel securities. The market maker that most likely, if you've traded, amc or jimi you've then dealt with because they're they've, basically metastasized through the entire wall street system, um, it's very very hard to avoid citadel securities and virtue they basically run a monopoly or a duopoly.

I suppose on really um trading market at large and they definitely dominate the retail trading space uh. But if you want to search this yourself, u.s regulator finds citadel securities over trading breach. It was written by financial times. If you want to check that out yourself all right, so where are we amc? Waking up gme waking up amc going 36 to 25 36.

25 3660. We're swinging back around this is awesome. Go back and watch your video of your interview with her. I believe she explains all of it all so much love and thanks for everything you do yeah, so that is still up on a stream.

Uh youtube wasn't the most fond of me being able to clip that and post it as its own video um. Just some other words that were said in the interview, but they haven't taken down the full stream so feel free to check that out uh. She didn't really explain the mechanics of it in that uh. So, actually, in prep for today's interview, i went back and watched that myself last night and we still didn't get like a mechanical stock market plumbing explanation of it um and i think the community were advanced to that point where that's like what we're actually looking for.

Beyond, just like, i guess, the the simple sentence of dark pools, nefarious, crazy things happen in there that hurts retail okay. We all got that. That's exactly why it's trending on twitter, we're all on board with that, but to get true reform and true change. We need to get specifics, we need to get hyper detailed and that's like the things that you have to then fight, and ideally even have some evidence to provide to show like what's going on, is illegal, immoral and damaging to the overall stock market ecosystem uh.

I see a lot of people saying stephanie cameron. We already did an interview with her and then other people saying bringing on uh keenan grace. That has not happened, but i would definitely do that. Why is this mike? Not working um but yeah stephanie has already previously come on the channel uh but, like i said, keenan grace hasn't uh.

If this is your first time hearing of kean and grace super super energetic youtube finance creator, entertainer check out his channel for sure always puts a smile on your face. Uh, hey matt! I asked my financial advisor about my stock. He said it needs more salt uh. I made a deal with myself: oh the spinach in artichoke apes need to protect her at all costs.

Matt. I have calls for the current diplay on spy, i'm up 116. Would you hold over the weekend? I mean the weekend. It's tough uh, you never know.

What's going to happen, announcements, especially right now, with some people not worried at all about this delta variant, other people are worried about the delta variant. So that's up to you like how lucky are you feeling i? I have no idea what the weekend will bring um if you're hesitant, you could take your profits, you could take a portion of your profits. Remember you don't have to go all on all in or all out at once, like that's, not a requirement of trading. In fact, i've seen more skillful traders they commonly scale in and scale out.

You don't want to go all in and all out at once that, like it's a lot more luck involved in that scenario, then how do we push the sct to do their jobs? Call it out, i mean i would argue, continuing what we're already doing like we're, making a lot of waves. I mean things are trending on twitter. Lots of - i don't know lots of votes on reddit lots of views on youtube, like the general public, is becoming more and more informed about the actual situation and what is going on um. So i would say just keep making the ways that we are making and hopefully the community continues to grow in size.

So we have a larger and larger voice. Can you try to get her on today, uh brandi? We we spoke with her on the interview. Um are like weeks ago at this point um i i don't know like i would have to come up with like a new set of questions or something like that um. But once again, i think to further this dark pool discussion.

It's more of. We need someone that has expertise in the mechanics of what dark pools can do and what they, what they're supposed to do in theory and what they do in practice to. So we all have a little bit more knowledge of how they're able to pull off these illicit actions. Uh, like i said, we definitely need more of the expert in the the plumbing aspects of a dark pool and also it would be nice to know how that all pairs up with really payment for order flow and how they're connected with market makers.

So with that, we need someone with like very intimate knowledge of it. Ideally, someone who's worked at a dark pool or worked for dark pool or whatever it is. That would be kind of like the way to go. In my opinion, uh has anyone heard anything from citadel.

They are getting brought up all over the news and internet figured at some point. They would comment um. I have not heard anything, i'm assuming their pr team. Their legal team is, like probably just don't, say anything if i had to guess 74 million versus 501 million shares outstanding.

How does that impact the squeeze, so i have to buy over five amc to get the same percentage ownership of one gme. So gm is technically cheaper than amc is emc debt free from like gme um amy. You can't do that kind of comparison, so you're right in gme has 74 million shares. It has a lower float while amc has a higher flow at 501.

So i have to buy five amc to get the same percentage ownership. Okay, i see what you're saying there. Well, you would also uh yeah, okay um, your ownership. I would agree with that.

So gme is technically cheaper than amc. I don't know where you came up with that one um, that's how you define value uh, you could define if something's, cheap or not based on its ebitda. You could look at its price to earnings ratio, its earnings per share, there's various ways of if something is cheap or not. That's.

You can't just say it's technically cheaper, because there's way way, there's an immense amount of ways to define if something is cheap or overvalued. Are you looking at the rsi? Are you looking at its earnings? Are you looking at its debt? Are you looking at its future debt like? Are you considering um potential share dilutions like there's so many things that could go into that equation? Uh matt! You got to look into veq link, um virtues version of citadel connect and why doesn't the whole eight nation fill the sec in finra's complaint box? I mean there is actually um. I believe i think it's still open of a way that your voices could be heard with the sec um lisa braganaka. I hope i'm saying her name right.

Her last name's tough um she's, a sec lawyer attorney who was tweeting this out and has spoken a couple times right here: lisa braganaka she's a sec defense attorney and she was tweeting it out. So if you want to know more about like the sec legal aspects of some of the things going on, you might want to check out her twitter, but i believe she tweeted out where you can file like your official comments. Um, so give this a whirl. It's somewhere in her twitter, but she definitely is one of more.

She has expertise in them like the legal side of things, which i think could obviously be very very important. Very important amc waking up going looking for that red green move. This is the green right here. 3724 is where we closed out yesterday, matt.

We did that, but we have not heard anything from any real world example of what dark pools are doing any real world examples. Um. It depends on like what you mean in what they're doing um the the way dark pools are pitched of, like i assume how they were pitched to the sec and hence allowed was along the lines of higher competition, as in so one of one of the advantages Of why people want to trade in dark pools is there's no level two. You don't see the the current buy orders.

You don't see the current sell orders. So, if you're trying to buy a lot and not tip your hat or if you're trying to sell a lot without your competitors, knowing you would go to a dark pool and if you get filled you get filled but like it would be more of like a Slow and steady process, it's not the easiest to get massive size filled on the buy or the ask, especially if the stock is a little ill-liquid. But that's why they're pitched of like it's holding your cards really really close to your chest of like i don't want anyone to know i'm attempting to buy or sell, because sometimes, if you do that, people front run you and then you never get the fill or People think you know something that they don't so they buy it up and you still don't get the fill, and your information is hence like already out there like you're kind of it's all about showing your hand like that's how a dark pool is pitched and that's Like if you read about it, that's like how they're saying that it should be allowed, but overall, why they were pitched, is very different of how they're being used in practice. So, like i said, they're being pitched for large players to be like hey.

I want to be more competitive, so you would expect that a large of a lot of the blocks are large blocks, because that's what you're supposed to do in them, but in reality we see the opposite. We see an incredible amount of small block trading. Why is that? Well, a lot of it is high frequency trading, those algorithms that are in and out within nanoseconds they're, taking advantage of price discrepancies, they're taking advantage of front running of other traders, because they somehow figured out what they're trying to do. So you really see the opposite.

Instead of a lot or a few amount of huge trades, we're seeing a lot of small trades, and that is more of a result of just how much high frequency trading is gutting. The entire trading world and a lot of it ends up happening within dark pools. Uh just so you know, there's more than one dark pool. There's about 40 major dark pools and the top whatever 5 or 10 really dominate most of the volume.

But there's about 40 major dark pools, there's about 14 major exchanges such as the new york stock exchange, the nasdaq iex, etc, etc, and then there's obviously in terms of non-atss. That's another type of venue: it's not a dark pool, but it's also not an exchange. That's more of the wholesale retail broker and that's going to be your market makers such as citadel invert ii, um. What stops companies buying on dark pools and then selling on new york stock exchange, nothing uh, nothing at all, like you can do that.

I mean you. Could do that right now, if you wanted to, if you had a brokerage that allowed you direct market assets, direct market access, you would be able to buy on an exchange and sell on a dark pool or buying on dark pool and then sell on an exchange. It's just another venue and a venue is just a place that facilitates the connecting of buyers and sellers um. What but nothing stops a company from buying on dark pools and selling on the new york stock exchange at all, and you could also do the opposite.

You could buy on a lid exchange and then sell on a dark pool. Tell him dark pools are like drug dealing matt. Our obv is almost at an all-time high shouldn't that mean price should be holding in relation thanks. Uh on balance volume, no um, that's not the way on balance.

Volume is correlated with price, it's just more of it's more of correlated with a trend. So if obv is pushing up, that means that the trend is like currently strong and also pushing up flash boys is a good book that talks, dark pools and high frequency trading. That's actually a really good book.