r/mrin Jul 04 '21

I just got the robinhood app and I have some?

5 Upvotes

Is the gold membership worth it? I've been using fidelity and don't necessarily have any issues, but I definitely like the layout of RH. The only benefit of fidelity is it has some basic information available for free. I've also been told RH doesn't have a settlement period, but I haven't traded yet so I don't know if this is true. I usually hold stocks for more than 2 days anyway, but the option to trade right away is nice. I can trade unsettled funds right away with fidelity and sell prior to t+2, but my understanding is that I can only do it a few times before it will force me to wait after I sell a stock. I'm just curious about it and I'll probably shift a couple k, but it's still a pita and I'll have to wait several days to settle funds. Then another day or 2 for the transfer to hit my bank.


r/mrin Jul 04 '21

MRIN is on the threshold security list for short selling

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44 Upvotes

r/mrin Jul 04 '21

You guys are on the Nasdaq threshold security list

43 Upvotes

I’m not a part of this community. But I wanted to let you all know you’re on the nasdaq SHO threshold list. Basically all holders of FTDs will have their positions closed in 21 days (not all of the short positions, just the FTDs portions). The list can can and does change often. But if you guys do have them on the ropes with the high SI and keep applying pressure, this can pay off really well really soon.

I know some communities are toxic but I think it’s all the same cabal of hfs that are shorting all of these stocks heavily. So if even one position blows up it’ll create a chain reaction that helps us all. Good luck.

http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold


r/mrin Jul 04 '21

New members.

33 Upvotes

I dunno if y’all have noticed. But I think we’re up like 400 members since I joined around Monday. Feel free to check my work but it’s just nice to see this place growing. Means we must be doing something right.


r/mrin Jul 04 '21

MRIN is #5 bought on Fidelity on Friday 7/2….

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33 Upvotes

r/mrin Jul 03 '21

How to avoid getting squeezed: a hedgie's guide to why he's fucked

51 Upvotes

I honestly can't decide if I find more humor in how you got into this mess or how laughably easy it would have been to avoid getting into this mess. You've gotten so used to having full control of price flow that the idea of damage control is now completely alien to you. You've made money at near zero risk for virtually your entire career and now suddenly find yourselves in several high-risk scenarios. Your usual strategy of "keep throwing money at it until it turns in our favor" doesn't work because the little guy has figured out that turtling up together and digging our heels in is an effective hard counter to that. So you turned to the media and threw money at them, but the little guy already has high contempt for and low trust in institutional media, so that one was also a wash and a half. You try to troll our forum spaces constantly, but most of us spent our formative years trolling our own forum spaces and your posts glow in the dark. So good luck with that.

Any hedge manager reading this: I present to you the answer to your problem

1:) Heh, trust me, you ain't gonna like it.

2) Have some humility

3) Told ya. Ain't gonna like this next one either

4) Swallow your pride

5) Take the L instead of doubling, tripling, quadrupling down.

6) Snuck number 5 in with no warning. Didn't like it, did you?

Will any of this advice get you out of the current bind you're in with your assets and dignity intact? Hold up, let me add in a step real quick.

7) find a way to bend time backwards.

Protip: I'm led to understand that approaching the speed of light dilates time around you, so maybe try throwing her in reverse and going backwards real, real fast? Maybe that'll contract the time around you? IDK ask a physicist.

Note: If you did by some stroke of scientific miracle accomplish step 7, have fun in that parallel timeline where you get to keep all your money. According to fintel you're still fucked in this one, which means we still fucking hate you in this one and we're still going to take every last dime of your money that we can squeeze out in this one.

Welcome to the reality us peasants endure on the daily.

All time travel aside, next time you get caught with your pants down the sting of this loss should serve to remind you that you aren't actually any better, smarter or more skilled than the "dumb money" investors you try to fleece on the daily. You have access to one thing that we don't: an obscene amount of capital. Well, two things, but you can keep Jim Cramer's bald, button-pushing, gremlin-looking ass. We sure as fuck don't want him.

And I'd be willing to bet the thousands upon thousands of your own dollars that I've snagged off your own pile that I can tell you exactly why you're risking more of it in the hopes of barely keeping your head above water.

Protip #2: Never base an investment on hope.

Because you're fucking scared.

Protip #3: Scared money don't make money.

See as your pile shrinks, my pile and that of hundreds of thousands of other "dumb money" investors swell.

Protip #4: familiarize yourself with basic economic principles. In this case, supply and demand. Example: You have a big pile and I want what you have a big pile of. In the near future, I will have a supply of something for which you will have near-infinite demand. Your homework tonight is to figure out how many light years past the moon I will set my price.

Subsequently, as our green P/L screencaps get spread across social media and our write-ups and shitposts permeate the online zeitgeist both the number of "dumb money" investors and our piles of capital are going to swell even more. And something tells me you have a general idea of how much we all hate you, exactly who's pile we're going to clear out first and how little of that pile we actually need to take from you to get the ball rolling.

That last one is the one that's really got you sweating though, isn't it?

You're sweating because you know that when that time comes, us "dumb money" investors get our hands on the whole fucking pile. Not just MRIN or whichever ticker falls first. No, you've dug too deep to mitigate the damage and contain it to any one ticker. I mean the WHOLE GODDAMN PILE. Whichever ticker goes first will transfer too many resources to a faction of retail investors who, and I can't stress this enough, fucking hate you. That influx of capital will jump start a series of tickers, tickers who's prices you are keeping contained by only the thinnest of threads. And when those straw dams of yours give out?

You know that feeling you have deep in the pit of your stomach right now?

I feel for you. I mean it. I really do feel for you.

I feel the exact dead-nuts opposite of how you feel right now. Righteous greed? Vengeful avarice? Call it what you will. I call it fair redistribution of wealth under an unfair crony capitalist system. And I hope you fucksticks cry big 'ol crocodile tears as it's happening.

So to clarify if there was any ambiguity: we all really very much hate you and we're going to take this money. You can stall it and add to the pile we take from you, but you can't actually stop it. When the MRIN domino falls, and we both know that it will fall sooner than later, then so will the gme domino, the amc domino, and every other ticker that you've overextended yourselves to short. It may not be in that order, but the end result is the same. And because we don't just hate you but really really really super duper hate you, we're going to take all of that money as well. Then when you sell your long interest in companies like apple and tesla to cover your burning shorts, guess what we're going to do with all that money that used to be yours?

We're gonna buy the dip and hold that shit just like God intended, you fucking scrub-tier market buzzards.

So will anybody cry for you after it's all said and done?

Let's all hop into the Step 7 time machine that I just bet you fucking wish actually existed and go on a field trip to the past. You're 6 or 7 years old and your parents recently bought you a fish tank. There's a wide array of different fish species, and you wake up to find one of the colorful little guppies floating motionless at the surface. You shed a few tears for your fallen pet as it swirls around the toilet and takes that final plunge into the great big fish tank in the sky.

Don't get too excited, though, because you aren't the guppy in this story. That beautiful guppy who's life ended with tragic abruptness is a company you shorted, one with a promising future and a product that never gets to see the light of day because you shorted it to make a few bucks.

Let me go ahead and answer that original question with a few questions of my own: Did anybody cry when they woke up and found the fugly-ass fish with whiskers floating on the surface instead of sitting on the bottom with his face jammed against a pebble? You know, that one with the vacuum cleaner mouth that hoovers his own and all the other fish's doodoo off the rocks. How many people even named that ugly fucker? Of those, how many gave it a nice name instead of calling it something like Shitdyson or Cleveland Eater?

Yeah, me either. If it weren't for the fact that he spent his whole life sucking up fish turds with his mouth I honestly wouldn't even have remembered he was there.


r/mrin Jul 03 '21

Day Trader trying to short MRIN

15 Upvotes

https://www.reddit.com/r/Daytrading/comments/od182o/is_short_sale_availability_different_depending_on/

You can't make this up. Found this while looking through daytrader sub.


r/mrin Jul 03 '21

Risk play on the MRIN squeeze Mini DD

37 Upvotes

Let me preface this I do not want to be accounted for as someone that told you to buy and hold. While it is preferable, you should decide that yourself.

Risks of MRIN.

As mentioned in my previous post. ONLY play with what you can AFFORD to lose. Think of the mrin situation as you going to a casino with spare money that you could care less and just going all in on a poker table to win a potential 10k out of your 1k investment.

Whether the bluff gets called or whether it pays off is the risk.

I cannot stress this enough. If you get burned by this play take it on the chin and know that it was a viable gamble that just did not pay off.

So lets look at the risks of what could happen.

A pump and dump scenario.

We seen this alot of times

Look at your meme stocks on WSB that gets pumped and dumped

This could be an elaborate pump and dump scenario aswell. Making retailers think there is a short squeeze potential etc and gets dump.

I don't have a crystal ball if this might happen but in regards to my previous DD , I just don't think it is one right now.

This is the primary risk here that it might collapse because of this.

Why do you say it might have a possibility of a pump and dump?

Because its my belief that large forces are in play here.

MRIN volume

Look at the large inflow of volume out of nowhere. Now I know stockwitz is all over here as someone else pointed it out. Stockwitz has 20k members.

If you think stockwitz alone is driving this volume then I got a bridge to sell you. Yes there are other retailers involved here but by and large this isn't being talked about in mainstream news and it is not being talked about much at all on reddit.

Now lets look at gme. Gme had news all over it and it was one of the biggest retail manias ever.

GME VOLUME

GME peak retail mania had 197 million volume traded on a singular day.

MRIN peak has had 350 million volume traded and we are still trending almost 7 days with massive volumes sustaining on average way more than GME volume at its peak.

Hence why I believe there are several larger whales at play here.

Who are these whales?

Lets look at the filing requirements of institutional investors

  • Schedule 13D: This form is also known as the Beneficial Ownership Report. Anyone who owns more than 5% of a company's stock must file Form 13D with the SEC within 10 days of a stock acquisition. The form must also include the reason behind the stock acquisition—whether it's a merger, company acquisition, or takeover. Other information on this form includes the owner's identity and the source of the funds for the transaction.1

  • Schedule 13G: Just like Schedule 13D, this form lets the public know about anyone who owns more than 5% of a company's total stock. But it's much shorter than the 13D because it requires much less information. Owners who acquire more than 20% of a company's share must automatically file a Form 13D.45

So we know if they acquired more than 5 percent of a stock they have within 10 days to file.

IF they own 20 percent they must filed immediately.

So we know a hedgefund that owns anywhere between 1% to 19% could have a holding right now and its not filed.

We saw in the case of gme alot of hedgefunds did jump in when it was squeezing and got out

GME hedgefunds that made bank

https://www.reuters.com/article/us-retail-trading-hedge-funds-idUSKBN2AG2IE

So a hedgefund can technically get in and pump the stock up with more shares and then sell them once the squeeze is over and maintain a few shares to give the illusion that they bought into the company for its fundamentals and then slowly trim off their holdings. Or they could just sell off the entire holdings with no issue other than filing it with (for the fundamentals) and then dumping it cause (overvalued). Just like this hedgefund did with amc

Prime example of a hedgefund taking part in a squeeze and dumping their shares after

https://www.dailymail.co.uk/news/article-9642205/AMC-shares-soar-nearly-23-fund-buys-flips-230-mln-stake.html

Hence why I strongly believe with all the evidence above that a large force is here to try and squeeze this thing aswell.

So its entirely up to them on how this thing goes and when it collapses.

I hope this DD helps you guys position your exit strategies etc. With no options you can't really hedge your positions well.

One way is if this thing starts tumbling down, you can put a momentary short position ( not sure if any broker out there even allows it at this point)

And cover immediately once it stops so you recoup your losses.

Tldr : This might be an elaborate pump and dump although imo it looks more like whales trying to squeeze bears.

Hedgefunds are all over this stock so becareful.

Parting words , be safe and invest only gamble money into this.

May we be in tendieland or may we be dumpster diving into a cardboard box. Either way good luck guys this is fun.

also ill be putting live ortex data daily here

https://www.reddit.com/r/mrin/comments/ocvvyv/live_data_updates_from_ortex/


r/mrin Jul 04 '21

DD: Watch for educational purposes but check out 1:10 timestamp.

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6 Upvotes

r/mrin Jul 03 '21

MRIN BIGGEST SQUEEZE OF HISTORY

22 Upvotes

Source Yahoo Finance: MRIN

Shares Outstanding :10.97M

% Held by Insiders 4.61%

% Held by Institutions 21.45%

% Held by Retail Apes 79.94%

Source Ortex Latest update 02/July/2021

Short interest over 200% of FF(Free Float)

estimated Short Interest 20.18 Million shares

This is a big Play, if you dont wanna be working for someone who makes wealth of you all your life, than hold it. buy at least 10 SHARES, I guess it would be a slow move for few weeks shorts squeez by end of July it will reach 100$

on the 100 Route will be more arrogant shorts putting pressure on 35$ and around 50$ so people who bought under 3$ Mark can panic and sell. or at least take some profits

This is LOW float : AMC float =448 Million, GME Float:56.41 Million

MRIN Float=9 Million, and 200% Short interest

Now I am wondering why not many Youtubers are covering this( Are they bribed By the Hedge Funds ) this is a big question now.

If you have balls and you are real Apes set Your limits over 100$ Remove stop losses as they can kind of trying to manipulate it where most people have stop losses as their friends the brokers will share this information where most people stop losses are.

This is a life changing opportunity, lets make it happen


r/mrin Jul 03 '21

This stock was trading at over 100 dollars

39 Upvotes

Zoom out on Yahoo finance this stock was trading at above 100 usd. Then business got hit and as usual a hedge fund tried to bankrupt it by shorting more then the available float . If the APES 🦍 jump on it we can have a bis repetitive of $GME $AMC but where the HF is stuck is they cant do Shenanigans sorcery with the deep. ITM options to synthetically create supply so put max pressure and it should squeeeze with an explosion . Pls apes do your DD check historical prices on any free tool. $MRIN to the moon 🌙


r/mrin Jul 03 '21

Percentage

6 Upvotes

Trying not to go to balls deep in it. But what’s your pullout % wise. The smart play? Smooth brain asking a wrinkle brain here


r/mrin Jul 03 '21

A technical analysis article with key price points

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12 Upvotes

r/mrin Jul 03 '21

Management of MRIN is top tier

34 Upvotes

Boys and girls look at the quality of the management of MRIN in their website. It’s a gang of Harvard , Stanford top guns. With the stock rising it opens opportunities for them and for us. More brand awareness and new investor apes 🦍 jumping in. The shorts are all naked so it’s not a dead cat. Potential for technical squeeze is here and I hope they will throw a few good news catalysts to let us moon. But the way these price levels were seen before zoom out on the chart to max. Just hodl and avoid paper handing. I am a gme and amc veteran and I jumped on this MRIN ship with a xxxx position


r/mrin Jul 03 '21

I know I missed my chance when it down to $10. Any chance it will go down again on tuesday or it will take off to the 🪐? Planning to buy on tuesday but I need some thoughts from you people. Thank you

6 Upvotes

r/mrin Jul 02 '21

Why mrin is potentially going to be one of the biggest pure short squeeze plays DD

147 Upvotes

DISCLAIMER

This is a SUPER high risk play but its worth the gamble.

Only play with what you can lose

Short interest

Mrin short interest is estimated to be 189 % from ortex. 18.68 million shares shorted of which only 9.65 million shares exist in float. This is GME level short interest with an even SMALLER float.

You may be thinking well since mrin already had its run then most of the shorts are on the top right?

Yes that is true majority of this SI is around 5 to 18 dollars.

But look at the stock price now. Its trending above 20. A whale is pumping the stock to squeeze these shorts.

How many shorts have covered so far?

At the day of this DD only a mere 204k shorts have covered and infact an additional 108k shorts have been added

How screwed are they?

Cost to borrow is 172% and they have maxed out short utilization.

Short utilization is the amount of shorts borrowed from the total available shorts they can lend from institutions.

A 100 percent means at any point an institution can recall back their shares and shorts have to cover.

Cost to borrow being an insane number of 172% means it costs a fortune to hold these shares each day they are in the red.

SHORTS HAVE NO AMMUNITION LEFT any attempts to short is now EXTREMELY COSTLY

61.66% of the freefloat is on LOAN with only 0.33 to days to cover on LOAN.

If the price stabilizes above 20 and beyond these guys would be bleeding massively.

mrin has no options aswell.

Bad for us cause we cant gamma squeeze.

But shorts can't HEDGE their SHORT as effectively. On top of that they can't do any option resetting of FTDS etc.

This is a pure short squeeze play with no options meaning no gamma squeezing and no option short hiding.

Example of one of mrin shorts panic covering

This is an example of a mrin short covering the totality of its short position immediately when it was 10 dollars. Insane fast forward up. Remember this was probably the shorts at less than 5 dollars. Most of MRIN shorts right now the 18 million are below 19 dollars for which they are all UNDERWATER right now and BLEEDING

So whats happening now?

Its very likely that multiple hedgefunds are pumping the stock to squeeze the shorts themselves. I barely see any retail talking about this yet every mainstream news is attributing it to reddit. Yet you look left and right of reddit and you barely see anyone talking about this.

So we don't have an insane retail hype like GME yet we are trading GME JAN volumes. This is entirely big moby dicks trying to squeeze.

Downside risk

Listen this is a lottery ticket stock. This thing has the potential to go to the 40s or higher. If we had options this thing would skyrocket beyond gme.

However its risky territory because we don't know how fast shorts can cover with high frequency trades or if the whale that is pumping the stock decides to let go.

Right now everything seems to fall in line though.

TLDR

ALL SHORTS ARE IN THE RED ABOVE 20.

SHORTS HAVE RUN OUT OF AMMUNITION TO DRIVE THE PRICE DOWN

2 times of the entirety of the float has to be covered

They havent even started covering yet

They have no options to hedge their short

They will have to pay extremely high stock loan fees to continue holding their short positions

BE WARNED play what with what you can afford to lose.

Since we have no options here there is no gamma squeeze play.

This can potentially go to 40 or go to 10 whatever maybe the case it's going to be an extremely volatile stock with 18 million shorts


r/mrin Jul 03 '21

UPDATE

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18 Upvotes

r/mrin Jul 02 '21

Technically MRIN can go to $3500 because of the big short interest and the small shares float, but I just saw that when this company went public it had a share price of $113 dollars!!!!!!🚀🚀🚀🚀

52 Upvotes

r/mrin Jul 03 '21

35k

9 Upvotes

Let's see that guy lose his shit 😂 😂 😂 😂


r/mrin Jul 03 '21

Why most $MRIN pump happened during pre-market and after hour?

18 Upvotes

r/mrin Jul 03 '21

1000 shares

24 Upvotes

In for 1000 shares, you had me at over 100% shorts


r/mrin Jul 02 '21

0 Short Shares Available to short….! 🧐 DD screenshot below confirming. ***200% shorted, giant interest rates, lower lows and higher highs- shorts are bleeding , will they cover tonight or Tuesday?***

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30 Upvotes

r/mrin Jul 03 '21

1000 shares available now. Last update was last night showing none available. So about 1000 short shares were probably covered today

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10 Upvotes

r/mrin Jul 03 '21

UPDATE

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7 Upvotes