.... And you totally are aware there are millions of foolish gullible lazy investors in this world. And you do all these within legal boundary. I take my hat off to you. My high respect to you. You are simply great.
Jessie Livermore is looking down from the skies at this kind of trading with a big smile on his face.
The only thing this latest price bump did is create a whole new group of Bagholders. I'm sorry but the shorts made out like bandits today.
L.O.P. Report would have to file at OCC. It has "an acting in concert" requirement - so OCC would have data from his brokerage firm. What is a lopr? Term. Description. Unequal Long and Short Positions. Members must report any account or accounts acting "In Concert" that hold over 200 contracts on either the long call/short put (bullish) or the short call/long put (bearish) side of the market.
The TA was showing $47 as the potential retracement over a week ago when I got in...just another example of the chart forecasting future news that would facilitate the expected move.
"If he cashes out immediately today can that be a problem for him from a legal point of view?" If LOPR isn't filed in a timely fashion - he may not be allowed to close, but I very much doubt that would be the case. Nobody is that stupid.
I wonder if Citadel/Virtu told ETrade to stop taking his orders. They seem to have no problem with them manipulating the market.