Neo Mx
526 posts
@Neo7Mx
Savvy Trader & Mentor. I play OTC, Options, & Futures. I enjoy finding great setups. Extreme Patience & Fast Action are required to time the market.
Every fucking day, retail traders are decimated by big money theta extraction, with a move as little as $2 intraday and $2 in premarket, millions of dollars are extracted from retail. This game is sickening; if retail traders are unaware of it, they will constantly fall victim. Wake up, people! Your ultimate goal should be to understand and predict how big money extracts from you.
US Congress Is Insider Trading Making Millions Oklahoma Senator Markwayne Mullin’s Net Worth QUADRUPLED Between 2018-2022 From $12m -> $63m He Bought Shares Of A Water Meter Company Just 2 Weeks Before Tulsa, Oklahoma Announced Replacing All Water Meters Costing $94 Million How Did He Know?! But That’s Not All, Other Congress Members Made The Trade & The Water Meter Replacements Are Being Done Nationwide Congress is a criminal enterprise never before seen 💰 “How is it possible that even though the congressional salary is a $174,000 a year, all these lawmakers are worth millions of dollars? That's because they often make much more than that in the stock market. I'll give you a perfect example, Senator Markwayne Mullin from Oklahoma. His net worth almost quadrupled between 2018 and 2022. January 4th, early this year, he bought shares of a company called Badger Meter Incorporated, ticker BMI. Now, Badger Meter, as their name suggests, makes water meters. The things that calculate how much water you use. So stick with me. Remember earlier when I said senator Mullen is from Oklahoma? The reason that's important is because just 2 weeks after Mullin bought shares with the water meter company, I came across an announcement by the city of Tulsa, Oklahoma saying that it has begun the installation of 145,000 automated water meters across the city at a cost of $94,000,000. The exact same product which was made by Badger Meter, the company he bought stock in just 2 weeks earlier. And it's not just Tulsa doing this, this is going on across the country. That's because of the new federal mandate by the EPA for every US city to upgrade their inventory of lead service lines by October 24, 2024 later this year. It's reasonable to assume that when Tulsa and all these other US cities upgrade millions of water meters to meet these new guidelines, a company like Badger Meter would stand to benefit, and in turn, those shares that he bought. I wish I could say that this was an isolated incident, but I see stuff like this happen all the time.” QuiverQuant
$NVDA Best long term investment right now. Super high demand. Likely blowout earnings report coming. Very bullish words from musk.
Dear Chairman Gensler (@GaryGensler), CC: @senatefinance and @DOJCrimDiv Do you believe that Mr. Ken Griffin's remarks about driving equity prices up and down, based on their fund's perception of "market efficiency," constitute market manipulation? Furthermore, if retail investors decide to set a price target for individual equities grounded in their perception of market efficiency, shouldn't they also attempt to influence the price of those equities to serve market efficiency? Your response to these questions is of utmost importance, as it will provide clarity on the SEC's stance regarding market practices and transparency. I am writing to you once again as an advocate for the retail investing and trading community, gravely concerned about the prevailing market dynamics and regulatory loopholes that seemingly favor major funds at the expense of individual investors. The recent public statements by Ken Griffin of Citadel have not only reinforced these concerns but also highlighted a glaring disparity in market access and information asymmetry. Mr. Griffin's assertion that major fund managers set target prices and drive market movements towards these benchmarks, while operating under a façade of "market efficiency", is alarming. This practice, if unchecked, essentially transforms what should be a competitive market into a coordinated game, skewed in favor of big money. The lack of access to these "market efficiency" reports by retail investors is a significant disadvantage, creating an uneven playing field. Further exacerbating this issue is the regulatory framework that allows major funds to delay the disclosure of their holdings and strategies for up to 135 days (90 days for a quarter plus an additional 45-day voluntary deadline to submit Form 13F). This delay not only obscures the current investment strategies of these funds but also potentially facilitates a form of tacit collusion, to the detriment of retail investors. Ken Griffin's comment about funds wanting to drive prices undermines the logic behind the 13F delay. The situation at hand is reminiscent of the infamous Bernie Madoff scandal, where malpractices were conducted in plain sight yet went "unnoticed" for years. In your role as the Chairman of the SEC, it is imperative to consider the following: 1- Review and Amend Reporting Deadlines: The current 135-day delay in Form 13F filings needs to be re-evaluated. Reducing this time frame would enhance transparency and provide a more accurate picture of fund activities. The reason for not requiring the 13F immediate is to avoid such form drive up or down the prices but now that we learned the funds intend to drive the prices why not get some help from the retail community. Ken Griffin's comment undermines the logic behind the 13F delay. 2- Mandatory Disclosure of Market Efficiency Reports: In line with the principles of the Investment Company Act of 1940, Sarbanes-Oxley Act of 2002, and Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, I propose the SEC mandate the publication of detailed "market efficiency" reports by major fund managers. 3- Rigorous Enforcement of Fair Market Practices: The SEC must take a more proactive stance in investigating claims of market manipulation and ensuring compliance with existing regulations. This includes scrutinizing the public statements and actions of influential market players like Mr. Griffin. 4- Uphold Retail Investor Protections: The primary mandate of the SEC is to protect investors and maintain fair, orderly, and efficient markets. The current scenario suggests a deviation from this mission, particularly in the context of protecting retail investors. The integrity of our financial markets hinges on the SEC's commitment to these principles. Retail investors rely on your leadership to safeguard their interests against manipulative market practices. It is crucial that the Commission addresses these issues with the urgency and seriousness they deserve. In addition to the concerns and suggestions outlined above, I find it crucial to remind the Commission of its foundational statutory obligations. The U.S. Securities and Exchange Commission (SEC) is entrusted with enforcing several key regulations that are central to protecting individual retail investors and maintaining transparency in the financial markets: - Securities Act of 1933: Often termed the "truth in securities" law, mandates the registration of securities offerings and disclosure of significant information, aiding informed investor decisions. - Securities Exchange Act of 1934: Establishes rules for secondary trading of securities and periodic reporting by companies, enhancing market transparency and reducing fraud risks. - Investment Advisers Act of 1940: Governs investment advisors, requiring registration and adherence to investor protection rules, including disclosures and fiduciary responsibilities. - Investment Company Act of 1940: Regulates mutual funds and investment companies, mandating disclosures about financial conditions and investment policies. - Sarbanes-Oxley Act of 2002: Enacted to protect investors from fraudulent corporate financial reporting, mandating strict corporate disclosure reforms. - Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010: A response to the 2008 financial crisis, enhancing financial industry transparency and consumer protections. - JOBS Act of 2012: Aids small businesses in capital raising by easing securities regulations, affecting hedge fund transparency and disclosure requirements for emerging companies. - Form PF (Private Fund): Required for private fund advisors, detailing assets under management and other critical fund management information. These regulatory frameworks underscore the SEC's role in promoting fairness, transparency, and accountability in the financial markets. The current situation, as highlighted earlier in this letter, suggests a deviation from these critical mandates, especially concerning the protection of retail investors against potential market manipulations and information asymmetries. I trust that the Commission will reflect upon these statutes and take appropriate actions to realign its practices with these foundational principles. Thank you for your attention to this matter of great importance. I, along with the retail trading community, eagerly await your decisive and proactive response. We believe that you, Mr. Gary Gensler, must immediately resign if you fail to provide an adequate response or take appropriate action regarding these concerns. The Senate Committee on Finance is also expected to take appropriate actions in this regard. Sincerely, On behalf of the retail trading and investing community
🚨BREAKING:🚨 Ken Griffin of #Citadel confessed on live TV that big money is, and should be, determining the price of securities, not supply and demand. This is why @GaryGensler's definition of a market manipulator targets the retail traders who aim to disrupt the price fixing by big money. More importantly #KenGriffinLiedUnderOath, and he just admitted it.
This is what I mean by the market sucks. Random moves on no news out of left field. When $SPY is making small cap type reclaim moves you know there's no way in hell people didn't get crushed on this.
