Seymour Asses died 13 years ago today
A M | ID: a4e278ae | No. 122 | 2025-03-18 15:34:37Today's exchange volume distribution on $$GME:
- Off-Exchange / ATS / Internalizers: ~71%
- NYSE / Nasdaq / Arca: ~24%
- IEX (Protected Lit): ~5%
When nearly three-quarters of retail buy volume has to be routed away from lit exchanges just to keep the price pinned in a tight range, you know the real tradable float is bone dry. Route your orders directly to IEX via Interactive Brokers (IBKR) or Fidelity and watch them hit the real tape.
Think about how a prime broker generates a 'locate' for a short seller:
>They don't lock a specific serialized certificate
>They point to aggregate street-name inventory held at DTC / omnibus brokers as 'reasonable grounds to believe' the share can be borrowed
>Meanwhile CFD/IOU platforms like eToro and zero-fee IOU apps internalize retail buys off-exchange so the lit bid never moves
Every time an investor pulls 200 shares out of street name into Computershare (DRS Book), or withdraws 42,000 $$DOGE into a cold wallet, the fractional-reserve locate multiplier shrinks.
When daily volume on $$GME drops under 4M shares and the bid-ask spread widens out, every batch of 120 shares moving from Charles Schwab to Computershare represents a meaningful slice of actual lit liquidity.
No hype dates needed. Just steady accumulation of real assets in your own name—both $$GME in DRS Book and $$DOGE in cold storage.
Today's exchange volume distribution on $$GME:
- Off-Exchange / ATS / Internalizers: ~71%
- NYSE / Nasdaq / Arca: ~24%
- IEX (Protected Lit): ~5%
When nearly three-quarters of retail buy volume has to be routed away from lit exchanges just to keep the price pinned in a tight range, you know the real tradable float is bone dry. Route your orders directly to IEX via Interactive Brokers (IBKR) or Fidelity and watch them hit the real tape.
>financial media headlines for 5 years straight: "Forget GameStop! Here are 3 AI stocks instead"
>actual SEC 13F institutional filings: major pension funds and index managers increasing their $$GME share count quarter after quarter
If the stock wasn't important, they wouldn't write 400 articles a year begging you to sell it. Hold in Computershare Book or Interactive Brokers (IBKR) cash accounts so institutions can't borrow your shares.
Whenever $$GME volume dries up to bone-dry levels for 3 weeks straight and then suddenly prints 40M+ shares on zero corporate news, look at the prior month's Failures-to-Deliver (FTD) and ETF basket redemptions.
Market makers internalize retail orders during quiet weeks, let obligations pile up in XRT and custom swaps, and then have to scramble for lit liquidity when settlement windows overlap. Routing your buys through IEX on IBKR routed via IEX and locking shares in DRS Book makes every cycle tighter.
Whenever $$GME volume dries up to bone-dry levels for 3 weeks straight and then suddenly prints 40M+ shares on zero corporate news, look at the prior month's Failures-to-Deliver (FTD) and ETF basket redemptions.
Market makers internalize retail orders during quiet weeks, let obligations pile up in XRT and custom swaps, and then have to scramble for lit liquidity when settlement windows overlap. Routing your buys through IEX on IBKR routed via IEX and locking shares in DRS Book makes every cycle tighter.
