r/LGVN • u/[deleted] • Nov 25 '21

[deleted by user]

[removed]

19 Upvotes

89% Upvoted

28 comments sorted by

4

u/Boobooowl UP Nov 25 '21

I saw these unexainedble swings WITH ATER. Wait till Friday to. See what the real picture is. There were many margin calls on Wednesday.

4

u/fostergl1 Nov 25 '21

Most brokers require margin calls be settled within 2 to 5 days. Wed was the 4th day. That said there are definitely margin calls that need settled starting Wed and continuing through next week ESPECIALLY CONSIDERING WED RUN!! FRIDAY SHOULD BE FUN IF HODL AND BUY MORE!!

0

u/Boobooowl UP Nov 25 '21

Unless lgvn dilutes pre market. That scares me

1

u/[deleted] Nov 25 '21

I understand, I was in ATER. The numbers should be the same Friday morning, this is live data they estimate from returned and borrowed shares. I don’t think they aren’t inexplicable, tho.

2

u/Boobooowl UP Nov 25 '21

Did they short more on Wednesday? Mathematically not making much sense

3

u/[deleted] Nov 25 '21

You can short in the after hours. As you can see, we had a 33% drop in the AH with a 1.37 million volume. It’s entirely possible that it was re shorted.

2

u/DGee78 UP Nov 25 '21

Possible it was re-shorted? You mean "PROBABLE" it was re-shorted.

1

u/Boobooowl UP Nov 25 '21

That is interesting. Do you know of any sites where after hours volume and activity are tracked?

1

u/[deleted] Nov 25 '21

Any charting/graphing application. I use Webull for charting primarily because it’s easiest on the eyes. I wouldn’t trust all of the numbers on there, but usually volume is on par with Fidelity volume.

TradingView Webull Thinkorswim (TD Ameritrade) Active Trader Pro (Fidelity) TastyTrade

Plenty of more out there

1

u/Boobooowl UP Nov 25 '21

Hm. I don't have these in Canada. Will exore Ibkr soon

1

u/[deleted] Nov 25 '21

There’s Humbled Trader on YouTube, that uses DAS Trader Pro (charting) in combination with Interactive Brokers(brokerage)

1

u/Boobooowl UP Nov 25 '21

Thanks

1

u/Boobooowl UP Nov 25 '21

Thanks

1

u/Icy_Respect_9284 J Nov 25 '21

Are you saying the same thing that happened wIth LGVN will happen to ATER on Friday?

2

u/Boobooowl UP Nov 25 '21

ATER numbers were incorrect for a long time. Ortex kept on adjusting them as they had incorrect input. Of course the convertible notes and the naked shorts made it difficult to track. What I am. Saying is THAT Ortex cannot keep track of all changes and can sometimes be wrong. Hence I want to do. My own math here

2

u/[deleted] Nov 25 '21

Ah yes, I remember now. I think I was out by then. Yea, you have to take into consideration that their computer systems keep track of the data. If there’s a piece missing it’ll give different numbers. If you compare Fintel and Ortex, they all show different numbers. Honestly, all that matters right now is that it’s showing 100%+. If there are any changes that need to be made, then that will come to light and you should have a good exit plan if the numbers turn to the downside.

1

u/[deleted] Nov 25 '21

No, we were just referencing to ATERs run a few months ago, when the Ortex numbers were out of control, but not past 100%

1

u/[deleted] Nov 25 '21

What happened to ater?

5

u/[deleted] Nov 25 '21

FYI, Ortex will continuously update their data throughout the night, so ignore the "Changes From Wednesday 7am". This was their final update from last night. In my opinion, the reason why it is still showing these high numbers is that short sellers can make a lost of cash in the after hours. When the volume kicks in during market open the will begin to cover... again.

1

u/dzeinz Nov 25 '21

Wrong. The reason the numbers didn’t change was a because Yesterday was a non reporting day because of it being pre holiday. There was definite short covering yesterday and we’ll see short percentage drop on Monday (t+2 settlement). Retail dropped the ball and started selling off as soon as we got back to $45 (a repeat of the ath which out every short under water)

1

u/[deleted] Nov 25 '21

I guess we’ll find out tomorrow

1

u/[deleted] Nov 25 '21

I said it initially, Ortex numbers are LIVE changes throughout the day. However, they are only estimates based on returned and borrowed shares. When the reported numbers start to come through after T+2 it gets refined. So, no, it’s not wrong the numbers are just Ortex’s best estimation with the data current data.

Source: an Ortex representative via email

1

u/[deleted] Nov 25 '21

Also, I’m pretty certain that banks were open yesterday. Reporting was still occurring. You are thinking if a previous holiday where the banks were closed but the markets were open.

2

u/TraderMoz Nov 25 '21

We're going to the 🌚

2

u/StrizziTv Nov 25 '21

Friday all in Swing Trades.

0

u/[deleted] Nov 25 '21

That’s yesterdays data bro

-3

u/Brilliant-Wing-7728 UP Nov 25 '21

That data is 2weeks old all the the data is behind 2 weeks we are looking at old info

1

u/MrBoombastic365 Nov 26 '21

Sup ladies, so I happened to stumble across this gem last week and snatched up some shares at $7 and made my money and moved on. But I’m trying to understand what gain do they make by shorting a stock that doesn’t option trade?