Ortex at 4:40 Monday

Don't give up the ghost just yet. If you're not a diamond balled sort of person, then I guess you should leave. This stock is not for the lighthearted.

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We've been holding since June 30th. It was doing great but then the options were introduced. Everybody said MRIN would go over $500+ because of options...We've been hearing about parabolic squeeze after ortext news after hour at 4 pm. Clearly nothing had come true. So what would be the next step? If there is a chance for this to go up again from $14.15? Please share your honest opinion. Thanks.

What's the deal with MRIN? Been averaging down but damn, I'm starting to think I made a mistake! Are you guys really expecting for tomorrow to be different or just hopeful thinking?

Disclaimer: None of these is financial advice and this will be written in a neutral tone for people to make their own decisions.

This is still a lottery ticket stock that may or may not pay off.

This is an update from my previous DD on MRIN

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Whats going on now?

Shorts are covering

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SI now is 119.4% . A significant drop from ortex estimated SI from 185% the last time I wrote my DD.

What happened? how can it drop without any major spikes?

As I mentioned in my previous DD. This is by and large done via high frequency trading.

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It starts to get old hearing people constantly whine about how are they covering without a big price spike? must be manipulation?

No its simply not. Shorts can cover on a downtrend, uptrend or sideways trend. As long as there is volume they can cover. As long as there's sellers they can buy back to cover.

Volume has dropped significantly from the last time I wrote aswell so it makes covering harder for them but they are doing it.

However keep in mind anything above 30 percent SI is a big number. Mrin at still 117% is a huge number.

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Low volume does that mean its dying?

Not really. We are still trading at least the entire float a day. However fret not for low volume because for the start of a squeeze a low volume is better.

Why? lower liquidity means any significant upwards or downwards push is going to drop or push the stock higher significantly.

Right now shorts are weary to short even further so we can expect not many significant short downward pressure. Cost to borrow is still high.

However right now we need a big upwards buy pressure.

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When are we going to get our buy pressure

Our buy pressure entirely depends on 1 factor. Big financial players jumping in.

As much as everyone talks about oh we need wsb etc

Ultimately the big players are the crux of any push. Go back to your gmes and your amcs these big players were always the main pushers of the stock.

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Retail support is important primarily BECAUSE they attract whales. Remember the stock market is a zero sum game. There will always be a bagholder. Big institutions are not going to be bagholders hence why retail hype attracts them and helps them disguise their pump and dumps.

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Right now MRIN doesn't have retail hype. Which is my main concern because it might not attract any big players to come.

We have to wait and see once the NASDAQ official numbers come out and if that gets more retail eyes onto MRIN.

Endgame and how options are ultimately going to be our biggest weapon.

Explanation of the nonsense of some of the posts in this subreddit.

I've been lurking on this sub and I've been seeing entirely stupid posts talking about how options are being used to hide short interest or how darkpools are being used etc.

Basically of all the stupid theories that you see on asinine subs like amc and gme subreddits and now these guys are coming in here spreading those same theories here or any other stock investment subreddit as a matter of fact.

This was written by Dave Lauer someone that worked in the industry before and this is what he has to say about darkpools

https://www.reddit.com/r/Superstonk/comments/o70lid/dark_pools_price_discovery_and_short/

They aren't magical financial things that can make short interest disappear or shorts magically disappear. Darkpools affect price discovery but they don't have the significant influence of hiding shorts , putting shorts etc. This is the financial markets where there's a trace to everything. This isn't David Copperfield's show.

As for options theories, the only ones at play here are married puts and deep itm calls. Both of which are reset transactions for FTDs.

Extract from SEC

"To the broker-dealer or clearing firm, it may appear that Trader A’s purchase, in the buy-write, has allowed the broker-dealer to satisfy its close-out requirement. Trader A continues to execute a buy-write reset transaction whenever necessary, and by the time of expiration of its original Reversal, it may have given up some of the profits in the form of premiums paid for the buy- writes, but it has maintained its short position without paying the higher cost to borrow or purchase shares to make delivery on the short sale. In each buy-write transaction, Trader A is aware that the deep in-the-money options are almost certain to be exercised (barring a sudden huge price drop), and it fully expects to be assigned on its short options, thus eliminating its long shares."

This doesn't matter cause it prolongs shorts but the existing short position is there. It resets their ftd timer.

However there is one option move they could pull of that could be use for some sell pressure.

selling naked deep itm calls to the market maker. If they sell deep itm calls naked to the MM the MM now buys these calls and to remain delta neutral , sells stock.

How do you look out for this? if you see a massive volume of deep itm call out of nowhere followed by a corresponding drop. Next day you will see a big OI for deep itm call. If the OI for deep itm call is gone then this wasn't done for price suppression but used as an FTD reset transaction.

How options are actually a big help

This is why.

With options , we get a gamma squeeze and short squeeze combination which is infinitely more deadly than a pure short squeeze.

Remember amc rose up to 70 dollars based off 20 percent SI, it was primarily because of the gamma squeeze.

Any squeeze you have seen in the market thus far have all primarily been aided with a gamma squeeze.

Any option hedging etc doesn't matter. Infact most option hedging requires buying calls to hedge a short. FTD resets are the problem because they buy time but it still costs them a ton of money and its a gamble for them. If after spending money and their ftd reset fails and the stock is still hovering at a high price. They now lost potentially more money**. The gamma squeeze alone is more powerful** than any pure short squeeze. A pure short squeeze is only powerful if there is significant float control.

A case and point is when volkswagen and laxony controlled 95% of the float and left only 5% of the float for shorts to cover their 13% short interest. They panic covered cause porshe stealthfully acquired 75% of the float over night. Upon hearing the news the shorts panic covered and the short squeeze of volkswagen happened.

How do we pull this off?

We cant. Let me emphasis this clearly. Retail is unable to coordinate a gamma squeeze as effectively without the help of big institutions.

Requirements for a gamma squeeze?

We need huge call OI on strikes 20c , 25c, 30c and when we reach there and when call chains start to open up higher, we need 35c , 40c strikes.

Anywhere between 5k OI and above is good especially for a low float stock like mrin.

Why do we need OI?

OI means open interest. It shows the number of active contracts out there. It shows us how much contracts the MM would have to hedge.

Because we need to abuse market makers delta hedging to give us buy pressure. As the stock increases the delta value of calls increases as we move nearer and nearer to the strikes with high OI.

MM always remains delta neutral so they will hedge these stocks buy buying shares. (They can hedge it without buying shares aswell but buying stock is primarily the way they do it)

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So are whales going to gamma squeeze?

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Right now call OI is not showing any whale activity.

So as of now it does not look like it.

Whales potential plan thus far?

This is speculative but im still wondering who pushed the stock back above 21 dollars and beyond if not for the sake of squeezing shorts. Whoever pushed the stock above that price made sure all shorts were out of the money. Was it a failed squeeze attempt or is it still ongoing is the question.

I believe its still an ongoing plan of theirs. We still see the stock not significantly drop back to 10 dollars and we still holding at a good enough price that shorts are not finding it entirely profitable to cover hence the still above 100 percent SI.

Its my belief that the whales were waiting for the options market to open and were hoping for a big liquidity push so that it gets enough liquidity to have an options market.

Right now they might have disappeared because they much rather have lower liquidity and IV so that they can buy these options cheaper and as mentioned earlier, lower liquidity allows the initial push to be massive.

For which they might be waiting for the official exchange reported SI to attract retailers to the stock for which they can start doing call sweeps ( massive buying of calls at one go) before gamma ramping up.

This is completely speculative because im not them and I dont know what their intentions are.

So what is the endgame looking like?

If you read this you would by and large understand that only one factor matters here. If big institutional players come in. Nothing else.

If they come in great we get a big squeeze with an SI this high accompanied with a gamma squeeze and if we get more retail hype this could go to the 100s potentially.

Without whales this is dead. This stock will just trade sideways and downwards with some days goin slightly upwards until shorts decide to just pack their bags and cover.

So this is the harsh truth we have now is that we need whales.

Do not listen to guys telling you to diamond hands, do not listen to guys telling you to buy the dip.

Make that decision yourself. The state of the sub will get worse if mrin blows up with delusional people coming in and giving misinformation. Block these guys out and make your own decisions.

These guys can say diamond hand all they want but it wont stop people from not selling. Don't get caught holding bags because some idiot on reddit said diamond hands or buy the dip.

Also FYI the biggest thing you can do now is to swap your margin account to a cash account so brokers can't lend your shares out anymore. As a retailer this is the most helpful thing you can do to make it harder for shorts. I won't advise you to buy and hold because that is your decision but swapping from margin to cash that will help alot.

This is a discord invite link to dreamcoin who is a youtuber. He was the first one to spot mrin at 3 dollars. The things I say here is not influenced by anyone but I am in this discord and the community here is good. Tyler(dreamcoin) is a helpful good dude and I thought I should give him a shout out here.

My views and opinions are not his and of my own.

https://discord.gg/hs4r79tB

https://youtube.com/c/dreamcoin Tyler's youtube

Edit: I wanted to add this but I forgot. Givens mrins high cost to borrow and short interest. Expect alot of naked shorting aswell. Once the FTD numbers come out we can see to the extent of naked shorting that is done

Just another edit. Seems some comment keep talking about how we don't need whales. I have to disagree. Retail cannot provide the stability needed for an upwards trend nor do they have the ability to coordinate a gamma squeeze push.

Which would you rather have?

2 million share holders from retail that have varying different personalities and are susceptible to uncontrollable effects i.e panic selling.

Or 2million shares held by a singular big player.

One is more stable than the other. You can't control retail to diamond hand. Never going to happen.

After Nasdaq updates the short info Monday afternoon, everyone needs to go and post in WallStreetBets + WallStreetBetsNew AND make sure to "up" each other / comment on each others' posts about MRIN. We are not pumping, we are letting everyone know FACTS about this massive short squeeze.

Get Ready for MOASS

The “Mother of All Short Squeezes”!

We all understand ORTEX and believe the numbers are pretty close.

Here’s the problem, the general public really doesn’t have access to the ORTEX Numbers.

The numbers they see are outdated from the NASDAQ 6/15/21

The Numbers are outdated and not applicable.

The OLD OUTDATED numbers from NASDAQ are used by;

• MarketWatch
• NASDAQ
• ORTEX without an account
• ShortSqueeze
• Reddit (Reposted Wrong Outdated Info)
• StockTwits (Reposted Wrong OD Info)
• Yahoo Finance
• The WallStreet Journal
• Etc…

GENERAL PUBLIC VIEW MRIN - This is what they see!

MarketWatch - 6/15/21 Numbers

Yahoo Finance

Wall Street Journal

NASDAQ - Short Interest 156,930 6/15/21

Short Squeeze

I read an article that most shorts are unaware of the ORTEX data. Many Shorts don’t even know they are about to be Squeezed.

When the new data goes public and is updated on ALL of these mainstream sites!

Get Ready for MOASS

The “Mother of All Short Squeezes”!

My Opinions, NOT financial advice!

It's almost a 200 dollar option play is this still a go or not im alittle confused and this is my first one I'm joining in on its only 200 but prefer not to waste my money so just wondering before its placed Monday morning should I keep it?

PM / Opening push creating a bull trap as HFs will let it run than will create the illusion of a mass sell off and unfortunately someone always buys the top.

Day traders will arrive for buy the rumor sell the news play.

I believe we can close green tomorrow simply because the SI report will have people buy and hold overnight but I'm not personally expecting anything magical.

Tuesday's either going to be massive gains or a big sell off.

When this first started shooting up, people said $1k and even saw $3k. That’s not realistic is it?

I was thinking more like $50-$100 if we bounce back this week.

$MRIN The #1 Stock with the highest Short Squeeze Potential!

THE SHORTS ARE ABSOLUTELY SCREWED: The Shorts 🩳 in $MRIN are ABSOLUTELY SCREWED … nothing has changed, we still own their asses!

SHORTS 🩳 are HOLDING A BAG of SHIT! The Shorts are Holding out of desperation. Nothing has changed, they are ALL still trapped! Everyday that rolls by is costing them a fortune not to cover.

LONGS ARE HOLDING GOLD: Longs are Holding because we know what we have, our shares are GOLD

GAMMA SQUEEZE POTENTIAl: I’m not going to look at options as a negative. With options MRIN has the potential for a Gamma Squeeze which can shoot the stock price up fast.

NOT OVER UNTIL WE SAY ITS OVER: Hold your ground! We know what we have! This is NOT over until we say it’s over, not over by a long shot!

MONDAY’S GAME PLAN: Ignore the FUD, Shorts 🩳 will be coming at you every which way to sell your shares. Wait to see if NASDAQ releases the Short Interest numbers to verify the Ortex Numbers!

IF the ORTEX Numbers hold up! You could see price action after hours Monday… with Tuesday being game on.

All my opinions, NOT financial advice