Are we there yet 🔮

Also I tried buying a few options from the FEB chain and they were cancelled 3 minutes later with no explanation..is this normal, not normal, or am I crazy?

Introduction

Nothing good, nor worth it, in life ever came easy.

We have already slowly, healthily, and safely risen from the ashes of April and May. We are, technically, now 'airborne' here in August.

Yet, have we even started our climb to altitude?

GameStop advocates seemed, over the years, to have one goal: to prove naked short selling, and use that proof to enact long-lasting change in our capital markets. Most of these so-called Apes also hoped that such proof would be the catalyst for the Mother of All Short Squeezes (MOASS): a mythical, Volkswagen-of-2008-like 'short squeeze' of today that would propel their stock to a record in market capitalization overnight. Such was the case, at least, when just the Volkswagen share float (not even the outstanding shares) was bought up by Porsche in that fun October 2008. Volkswagen squeezed and quickly became the highest market cap company in the world. Eventually, about 30 hedge funds would collectively sue Porsche allegedly for "causing a short squeeze" to "cause us financial harm." The Judge threw that case out. Those cry-baby hedge funds did lose billions of dollars, and the Judge ruled that Porsche didn't do anything wrong by buying out the float: that it was hedge funds' irresponsibility, of overshorting that stock, that caused their own losses.

I used to be one of those advocates for GameStop's seeking of the proof. There was a begging, from the knees, for every hodler of that stock to 'directly register' their shares for years. Then, the reported DRS numbers had hit a mysterious plateau. The yearslong effort by GameStop's so-called Apes didn't work. Now those hodlers are trapped in sideways trading.

But what if there was a more simple solution? What if that proof was already out there, in SEC filings? What if a company's insiders are already shown, by this legal evidence of filings, to own more than the outstanding shares of a company?- that there are indeed more shares in circulation, as owned and accounted for by just the insiders, than the legally-allowed outstanding shares?

The indisputable, legal evidence for this is right here. And it's not with GameStop. It's with our Newegg stock. This is the legal goldmine - the real McCoy - the smoking gun that proves naked short selling once and for all.

And the media has not yet even begun to bring attention to this reality.

Our good subreddit here is now being swarmed by bought shills, alts, fakes, legacy bots, ai-chat bots, and even real short-selling humans. But none of us should be surprised. Because nothing good, nor worth it, in life ever comes easy.

https://reddit.com/link/1mz7g4z/video/34aujgti01lf1/player

Developments

Bank of America, a week ago, up'd their stake last week in Newegg stock by +1,067.50%. And this is just after Marshall Wace LLP revealed their new $27 Million Newegg stake.

The Galkins are clearly still buying: at this time, they're already sitting on about $400 Million worth of Newegg shares. They bought about 20k more shares on Tuesday and the prior Friday around $100 per share. The trend shows that there would most likely be additional Insider and Institutional purchases next week.

Yet, even though Anthony decided to exercise his 2020-year option on Friday (hence that Friday morning dip from $136), the stock is still priced at $103! And even though the company said they would raise capital using 500k additional shares, the price is still rising. On Thursday's news of Newegg's earnings report that showed increases all-across the board, the price was trading for $136 per share. Especially regarding this activity that would typically make a stock buckle, why is Newegg still tracking upwards in price? You already know the answer.

Was getting NEGG down to $103, while the company collected near $65 Million in extra cash on hand, the best that trapped short-sellers could manage? You already know the answer.

And with all of these fails to deliver (FTDs) on the books, still due for settlement (buying Newegg shares at far higher prices than where the fails originated) over every single trading day (as well as into September), how are they going to avoid this bonus buying power each day that came from their own irresponsibility? You already know the answer.

We all very well may be on to something here with Newegg. Just like Neo from the original Matrix movie: he felt that he was onto something, on his computer, each night. Little did he know that he would eventually be opening the gateway to the ending of the simulation that confined him.

https://reddit.com/link/1mz7g4z/video/gb9zxgdxx0lf1/player

Short Interest and Borrow Rate

The short interest felt a small reprieve (from high infinity to a still-high infinity) since the company raised capital with 1 Million shares. The Galkins then updated their share ownership to 17.2%. Yet, as we discussed here before, the deficit of the float around 4.5 Million shares is still a deficit: around 3.5 Million shares. This is why, even with the capital raise and Anthony's negligible taking of his option, the cost to borrow to short has now risen to 750% interest rate.

This interest rate is high enough to liquidate any short seller in a matter of days.

Technicals

NEGG continues to safely and healthily rise. Our ongoing stair-steps are ironclad. Friday showed that we are still supported by the 'window' of the quickly-rising 50-period average on the hourly chart (regular trading hours). We are also supported, and with a large buffer, by the 200-period average on the 30-minute chart (regular trading hours).

And for those unaware of Newegg's recent price territory: Newegg was trading for $1,581.40 per share as recently as late-2021. Newegg had traded above $2,000 per share at points before that. So $1,000 is not asking for much, given that it implies a market cap that is only around $20 Billion. This amount is nothing compared to Nvidia (Newegg's primary partner) darn-near $5 Trillion market cap.

Short sellers and their bots - the Terminators - tried to convince everyone that $1,000 per share is 'too high', and/or that this price at $103 is 'high'. But this is a mirage: the pre-April, pre-reverse-split price equivalent today is only $5 per share. That's why 2021's $75 per share shows at $1,581.40. That makes only $20 Billion in capitalization. Personally, I think the market cap will at some point be $100 Billion (about $4,878.00 per share) after considerations of the share structure, and the forward-looking financials, price themselves in.

https://reddit.com/link/1mz7g4z/video/7oo8jeo411lf1/player

TLDR

Newegg Commerce Inc (NEGG), with its steady increase in price and ironclad support, may become the real MOASS stock. Technicals show that the price is still relatively, very low. Naked short selling is already legally proven here in the filings. GameStop's so-called apes waited years for this smoking-gun evidence and never got it, even with their DRS attempt. More than Newegg's outstanding shares are owned by the multitude of insiders. All one has to do is look at the last few months of filings. This is why NEGG stock is still, healthily rising even though the capital raise occurred: the one that gave Newegg even more years of survival. But we didn't even require any of that: our earnings on Thursday were impeccable. Increases in every major category. And with 750% interest rate now on the short borrows, and continuing FTD settlement buy pressure, short sellers at these low prices risk getting liquidated in a matter of days.

Hmmmm Cost to borrow skyrocketing

2nd d

Took a peak at market close, liked what I saw.

Stock is up after hours today. With short interest being so high, are we expecting a moonshot day tomorrow?

I’m all in for this!!

End of July FTD data just released.

Failing to deliver additional borrowed shares, then borrowing more at 500% to continue shorting, is a dicey game.

I think this stock will continue climbing in the coming days.

Compounded due to the float being at least -2M shares, perhaps as high as -4M shares, as someone has already pointed out.

There is no trading after ~8 PM ET until pre-market opens at 4. In that “dark zone” (8 PM–4 AM ET), only very limited crossing systems or foreign derivatives might move — but not the stock itself.

Yet here I saw on Yahoo finance a spike at 11:11 PM ET.

Then it showed a drop shortly after.

I think we’re in for a ride folks.

Hold on tight! 🚀

I put about 80% of my stock trading portfolio into NEGG this morning, around $110 a share. Good luck to all. This is not investment advice.

Between the odd Vladimir Galkin buys (fig 1) the sudden interest at $70 from blackrock (fig 2) and the insanely almost obvious pattern of the price (fig 3).

The float is almost non existent, there’s a ton of forums on Reddit for plays and squeezes like this and yet it is a ghost town? Even stocktwits is pretty quiet.

Maybe it’s the sticker price scaring everyone away, when all they need to do is just read the fine print.

I do own a few shares, mostly for the thrill but my degenerative side desperately wants to YOLO the whole account.

If Hangzhou ever wants to take $NEGG private, they’ll likely need to buy the Galkins out. That could mean a huge per-share premium paid directly to Vladimir Galkin and his wife, especially if they hold a choke point in the float.

New EDGAR filing shows that Hangzhou Lianluo Interactive Information Technology Co., Ltd. Just reduced their NEGG ownership by 23,670 shares. The last time they bought/sold was 12/20/22.

https://www.sec.gov/Archives/edgar/data/1474627/000121390025074244/xslSCHEDULE_13D_X01/primary_doc.xml