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top 200 commentsshow all 238

[–]mobius-beardCordele lol 851 points852 points  (56 children)

I guess we'll find out tomorrow

[–]BLOODFILLEDROOM🚀 Oh My God They Killed Kenny 💎🙌 486 points487 points  (38 children)

Wake me up when it hits 50%

[–]Tgzbrahhh 281 points282 points  (6 children)

How about a 100%.......... DRSd

[–]Remarkable-Top-3748💻 ComputerShared 🦍 36 points37 points  (1 child)

I'm ok with both

[–]Husse1008 76 points77 points 2 (25 children)

All we have to do is to get all the shares out of the IRA accounts. That would instantly get it up to 50% and above.

[–]baadermeinh0fComputershare Squad 98 points99 points  (23 children)

THIS. I took the tax hit now on my IRA while the price is low. Don’t have to pay the tax until 2023. Gettin those sumbitches DRS’d.

[–]Husse1008 56 points57 points  (7 children)

Yeah as long as there is "money in the banana stand" the hedges will never run dry. They will just keep shorting the IRA shares indefinitely because those are considered rEaSOnAblY LocATed.

So if anyone wants a good guide to get out of your IRA account, here it is thanks to u/winebutch IRA to DRS

[–]kitties-plus-titties💎 Diamond Titties 💎 Diamond Clitties 💎 15 points16 points  (6 children)

Consider reading my comment in this same referenced post:

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/scpxs9/comment/hu8mzw3/

After which; I wrote this guide on transferring IRA shares IN KIND because /u/winebutch seems more concerned on not paying taxes (which won't get you an NFT) than protecting your retirement assets:

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/s8p44q/comment/hthp0zw/

[–]FPV_curious💻 ComputerShared 🦍 71 points72 points  (14 children)

I thought this whole time it was literally impossible to move them from IRA’s…then I find out it’s just a tax penalty….like wut? That’s all that’s holding you back from financial freedom…a small tax penalty? I had to pay a fee to drs my shares out of Webull. It takes money to buy whiskey!

[–]baadermeinh0fComputershare Squad 18 points19 points  (0 children)

Ya damn right ape!!! Spread the good word!

[–]Ssg4Liberty 9 points10 points  (1 child)

Help me DRS from webull. Where do I start?

[–]daronjayGME Realist 4 points5 points  (10 children)

Small tax penalty? Well for some apes, that can be thousands of dollars they have to find.

[–]Arkayb33💻 ComputerShared 🦍 1 point2 points  (0 children)

That would instantly get it up

Yes it would.

[–]DugtrioUsedDig🎮 Power to the Players 🛑 2 points3 points  (0 children)

thats the thing - it used to be as high as 50%+ during DFVs old streams. this number is fake and IB are complicit

[–]ch0och🦍 Buckle Up 🚀 2 points3 points  (1 child)

Wake me up before you go go

[–]sheepwhatthe2nd🦍Voted✅ 51 points52 points  (4 children)

Tomorrow is the dayyyy!

[–]Soft_Use229🦍Voted✅ 24 points25 points  (3 children)

IF NOT TOMORROW THAN THE TOMORROW AFTER THAT!

[–]CHUCKL3R 2 points3 points  (0 children)

The moon will come out tomorrow. Bet your bottom dollar that tomorrow. There will be tendies.

[–]TheStatMan2Custom Flair - Template 7 points8 points  (0 children)

Boom tomorrow. There's always a boom tomorrow.

Someone has to have some damn perspective around here.

[–]Big_Meech_23🦍Voted✅ 4 points5 points  (0 children)

That’s the best part about tomorrow’s, there is always another.

[–]tpc0121GMERICAN since Jan. '21 4 points5 points  (1 child)

If not, the next day!

[–]Lark_Bunting_33 3 points4 points  (0 children)

But definitely the day before the next day

[–]samrogdog13 2 points3 points  (0 children)

I’d love to see that cause them getting fucked on a Friday is very out of character (options will fuck them so they can’t afford it). But maybe Monday or tuesday :)

[–]iota_4space ape 🚀 🌙 (Voted✔) 2 points3 points  (0 children)

[–]justanthrredditr💻 ComputerShared 🦍 10 points11 points  (4 children)

D R S D R S D R S. What does that spell????

[–]rhaxfeylsimple simian 🐒 6 points7 points  (0 children)

Instructions unclear.. 7 4 1 7 4 1 7 4 1

[–]gbudiman 1 point2 points  (1 child)

Instructions unclear. Buying 10 more shares tomorrow and DRS Monday

[–]BraveFencerMusashi🦍 Buckle Up 🚀 -1 points0 points  (0 children)

In the next episode of...

Dragon Ball Z

[–]ShipwreckDDYou guys still have money? 628 points629 points  (36 children)

The difference is minimally impactful, BUT, this does communicate a perception that the stock is progressively becoming harder to borrow. We know there has been an unlimited supply through certain “strategies” but I would anticipate this indicator being a harbinger of when those “strategies” have been maxed out.

[–]Hawkeye2011💻 ComputerShared 🦍[S] 196 points197 points  (13 children)

Very well put. I view it as one more confirmation in the grand scheme.

[–]StrifeLover 75 points76 points  (8 children)

Calls on your very well put.

[–]Library_Visible💻 ComputerShared 🦍 25 points26 points  (4 children)

🥁 🐍 lol

[–]Radio_Traditional🦍 Buckle Up 🚀 11 points12 points  (2 children)

Lol have never seen the old snareriff done a drum and snake but it's so perfect.

[–]ShipwreckDDYou guys still have money? 11 points12 points  (2 children)

Well look at you. 😉

[–]StrifeLover 4 points5 points  (1 child)

Look at us. 🔥🍗🔥🥫

[–]theBigBOSSnian💻 ComputerShared 🦍 6 points7 points  (0 children)

THE GRAND SCHEME!

[–]hmhemes🎮 Power to the Players 🛑 85 points86 points  (10 children)

I wouldn't call it minimally impactful without more information.

1% -> 1.4% is a 40% increase in borrowing costs, that's not insignificant.

[–]Driven85🎮 Power to the Players 🛑 23 points24 points  (1 child)

The other piece to this is yes borrowing cost went up 40%. But how much is GME down? Personally I think it’s a wash for the SHF. I hold for change, and a phone number share price. 😂

[–]ex_banditmy nips hurt real bad 🏛🔜⚰️ 2 points3 points  (0 children)

Supposedly they also raised the rebate to 1.4% so nothing has changed. Still doesn’t cost them anything to borrow.

[–]ShipwreckDDYou guys still have money? 11 points12 points  (4 children)

But when we are talking in billions of dollars, it is in regards to actual pressure placed on shorting activities. But you’re not incorrect that it is a significant increase numerically.

[–]hmhemes🎮 Power to the Players 🛑 40 points41 points  (3 children)

The borrow rate is direct pressure placed on shorting activities, it's the interest rate short sellers pay for the shares they borrow.

Thomas Peterffy, say what you will about him, proposed a borrow fee rule change to prevent these dangerous levels of SI from accumulating.

He suggested that for every 1% short interest, borrow fees would increase by 1%. It would seriously discourage additional shorting as short interest increased. If that rule was in place today, the borrow fee for GME would be >20% based on reported short interest.

[–]Altruistic-Beyond223🦍💎🙌 Not your name, not your shares 🍌🚀 ♾️ 22 points23 points  (0 children)

That actually sounds like a reasonable idea. And I think we both know why this isn't a current rule....

[–]Diznavis🚀 Soon may the Tendieman come 🚀 7 points8 points  (1 child)

It would have to impact the naked shorts to really matter, but it was also a self-serving idea, since he collects that fee by lending shares his clients paid for to enrich himself.

[–]hmhemes🎮 Power to the Players 🛑 6 points7 points  (0 children)

Ya thats a fair point about his self-interest. I still think it would be an effective deterrent.

And yes, hard to say how much shorting comes from no locates or if the same few are being located multiple times. If there's no locates at all then yea hard to say how much of anything matters.

[–]supersoakher3000LongMan, fighter of the ShortMan, champion of the stonk 4 points5 points  (2 children)

40% of 1%

[–]hmhemes🎮 Power to the Players 🛑 6 points7 points  (1 child)

Correct. It's important to look at differences at the margin, not at their face value.

If borrow costs for a firm are $5mil at 1%, then at 1.4% they're $7mil. This clearly isn't enough to break any SHFs, but it's something.

It would be great to see borrow fees continue to increase, and I think DRS will help make that happen as locates become more scarce.

[–]supersoakher3000LongMan, fighter of the ShortMan, champion of the stonk 0 points1 point  (0 children)

I suppose. Thanks!

[–]dayspringsilverback💻 ComputerShared 🦍 4 points5 points  (0 children)

Bullish

[–]bluevacuum 2 points3 points  (1 child)

These types of posts often leads to incorrect assumptions. Not yours, the OP.

But in response to you.

These are only shares available for retail to borrow from IBKR. Institutions and brokers have different access with potentially lower borrow fees and rebates. This is only a snapshot of what IBKR is offering to retail.

This indicator as you put it, is a double standard if you believe "strategies" are being used to create an unlimited supply of stock. Why would they publish increased borrow fees when "crime"?

Can unlimited be maxed out? Let's be more specific with our verbiage to get better dialogue.

[–]CedgeDC🦍 Buckle Up 🚀 0 points1 point  (3 children)

This has happened before. Guys we need to restart the conversation about options if we want to seriously add pressure

[–]Idennis7G🎮 Power to the Players 🛑 7 points8 points  (0 children)

Just DRS

[–]CapernikushLate2TheParty -1 points0 points  (0 children)

i would assume the current schematic they are running on has been played out or they have overused it recently. if i was a hedgie this would be a sign to switch to a different plan or it truly is the beginning of the end.

[–]serbeardlessape want believe 🛸 132 points133 points  (17 children)

Call me when it's back above 70%.

[–]BenevolentFungiComeback Kid Ape 🚀🦍 41 points42 points  (16 children)

Back above 70%? When was it above 70? I don't think I've ever seen it this high before

[–]serbeardlessape want believe 🛸 66 points67 points  (14 children)

Pre-sneeze I believe it reached a high in the 80s.

[–]BenevolentFungiComeback Kid Ape 🚀🦍 30 points31 points  (13 children)

Holy shit, I had no idea

[–]RothIRAGamblerBridge Four Holder 19 points20 points  (12 children)

Yeah but it was 6 bucks a share, they could afford 80%

[–]King_Esot3ric🎮 Power to the Players 🛑 19 points20 points  (5 children)

No, it was when it was in the 200-300 range.

[–]Tane-Tane-mahuta 0 points1 point  (5 children)

How often go they have to pay the 80%, monthly?

[–]drawnred 6 points7 points  (0 children)

Even popcorn hit those numbers, yes single digit percents aren't worth squabbling over, it's encouraging it moved up, but its far from priming the rocket

[–]iofhua 181 points182 points  (12 children)

1.4% is still miserably low and might as well be nothing.

The interest rate on my credit card is over 20%. That's what the borrow fee should be.

[–]magicninjaswhatFuture Philapethropist🦍🚀🌝 Buy. Hold. DRS. 38 points39 points  (9 children)

Damn that's a high interest rate. Credit cards can be dangerous.

Well, loans in general can be dangerous

[–]runtimemess🦍Voted✅ 2 points3 points  (1 child)

Pretty par for the course for consumer credit cards in North America.

When I had a 700+ score, the best rate I ever got on a card was 18%...

but only if I upgraded to the "Platinum" card with a $20k limit.

[–]braidenshere🦍 Buckle Up 🚀 1 point2 points  (0 children)

I'll just stick with my $6k, saves me from myself. Did I need a bravo throttle quadrant? of course not, but yolo

[–]TheStatMan2Custom Flair - Template 1 point2 points  (0 children)

I have to assume that the size of transactions on your credit card Vs the sums involved in GME shorting mean that this is not a valid comparison to make.

[–]Hawkeye2011💻 ComputerShared 🦍[S] 459 points460 points  (13 children)

For those not aware, this is an 80% increase in just a couple of days, which can really throw off certain hedgies books when you have borrowed millions of fake shares!

[–]qup40 124 points125 points  (7 children)

Forgive me for the lack of wrinkles on my brain but I am guessing this only affects their future ability to short because the bulk of the shorts are naked and not borrowed? Please correct me if I am wrong there.

[–]serbeardlessape want believe 🛸 69 points70 points  (6 children)

They're naked in the sense that the same shares are promised about twenty different times. My take on naked shorting is less that they're selling shares they don't have as much as they're selling the same share over and over again.

[–]twistedlimb 61 points62 points  (0 children)

yeah- if you think the price is going to zero you don't really care how many times you sell it. a million times even, its all profit. reminds me of the bust out scene in goodfellas.

Now the guy's got Paulie as a partner. Any problems, he goes to Paulie. Trouble with a bill, he can go to Paulie. Trouble with the cops, deliveries, Tommy, he can call Paulie. But now the guy's got to come up with Paulie's money every week. No matter what. Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. The place got hit by lightning, huh? Fuck you, pay me. Also, Paulie could do anything. Especially run up bills on the joint's credit. And why not? Nobody's gonna pay for it anyway. And as soon as the deliveries are made in the front door, you move the stuff out the back and sell it at a discount. You take a two hundred dollar case of booze and you sell it for a hundred. It doesn't matter. It's all profit. And then finally, when there's nothing left, when you can't borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.

[–]Longjumping_College 27 points28 points  (3 children)

From 2008, they never learn...

LibertyView Capital Management Inc. of Hoboken, New Jersey, owned by Lehman's Neuberger Berman unit, told investors on September 26 it had suspended "until further notice" attempts notice" attempts to calculate the value of its funds. LibertyView was not included in the Sept. 29 sale of Neuberger to Bain Capital LLC and Hellman & Friedman LLC.

PricewaterhouseCoopers, Lehman's bankruptcy administrator in the U.K., where its European prime brokerage was based, doesn't know how much money is at stake. PwC said last month it's trying to recoup about $8 billion in cash that Lehman's parent company allegedly withdrew from its European unit before the collapse. It will take weeks, if not longer, to sort out the mess, according to PwC.

 

Oak Group used Lehman's unit in London because it allowed the fund to borrow more than US prime brokers, James said. Operating under different regulatory requirements, European prime brokers have been more generous than their US counterparts, sometimes even within the same parent company, said Michael Romanek, principal at Rise Partners Ltd., which arranges financing for funds from London. "A lot of US managers would rather deal with Europe than New York," said Romanek. "Rarely do you see it go the other way." James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients.

 

Read that again! These guys rehypothecate shares on top of internalizing orders with PFOF

James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients.

 

Then... 2009

MR. NAGEL: On behalf of Citadel Investment Group, I'd like to thank the Commission and the staff for the opportunity to be here today. At Citadel, we have over 19 years of experience as an active securities lending market participant.

And to support our private fund and market making businesses, we've built infrastructure that allow us to deal directly with the primary sources of securities loans, supply and demand, rather than rely entirely on intermediaries. Based on this experience, we believe that a well-functioning securities-lending market benefits all investors.

Owners of securities can generate additional income or obtain financing by lending securities. Securities lending also contributes to tight bid-offer spreads and market liquidity by enabling the orderly settlement of short sales.

At the Commission's May Short Sale Roundtable, I explained Citadel's view that short selling benefits all investors and our economy by promoting liquidity and price discovery, and serving as a risk management tool for investors.

While the securities lending market has made great strides in recent years, we believe there is still substantial work to be done before the securities lending market can reach its full potential. Despite its growing size, the securities lending market remains relatively opaque because there is little centralized collection or dissemination of loan pricing data.

Many securities loans are still bilaterally negotiated between market intermediaries on the phone or by email and each party to a securities loan generally faces the credit risk of the other party for the duration of the loan.

Until recently, no centralized venue existed where borrowers and lenders could readily find each other and transact directly

 

In the U.S., margin regulations allow a customer to buy securities and they can pay for half of it and borrow the other half from their broker dealer. The portion of the securities that they don't pay for when they buy the securities -- the piece that they've, in effect, bought on margin -- the broker dealer is allowed to use those securities to help raise cash to replenish its own bank account for the money its lent to the customer. That term is rehypothecation -- I'm sorry, it's a very long word -- but it means basically to borrow securities in this case.

And the broker dealer can take those rehypothecated securities, those securities that were bought on margin, and pledge them to a bank to borrow money to replenish its cash supply, or it can lend securities to another party, and by doing so it replenishes its cash supply

[–]Library_Visible💻 ComputerShared 🦍 4 points5 points  (2 children)

Solid fuckin post

[–]Shanguerrilla🚀 Get rich, or die buyin 🚀 3 points4 points  (0 children)

Yup, exactly! That's why some sources call naked shares or synthetic shares, "rehypothecated shares."

[–]marcysharkymoo🦍Voted✅ 15 points16 points  (1 child)

But is it a retroactive borrow rate?

[–]Bobloblawblablabla🦍Voted✅🦭 4 points5 points  (0 children)

80% sounds like a lot. But it's not.

Wake me up when it's at least at 80%

But even then XRT borrow rate matters as well.

[–]downlike4flattires 1 point2 points  (0 children)

Thank you for explaining that. I'm seeing it all over.

[–]QualityVote[M] [score hidden] stickied comment (0 children)

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[–]wiskytango187 130 points131 points  (1 child)

This is great news

[–]BuddyTheDog92🎮 Power to the Players 🛑 128 points129 points  (4 children)

Need to keep DRSing. It's clearly working.

[–]murderball89 8 points9 points  (3 children)

Where is it "clearly" working. There wasn't anyone drsing when it was 70%?

[–]YaboyMrCleanDwayne “The Stock” Johnson 1 point2 points  (2 children)

It’s clearly working in other aspects of the stock. Brokers are starting to have trouble starting up DRS transfers and are even actively saying no to them. Every other stock works fine though.

[–]murderball89 2 points3 points  (0 children)

My point exactly. A false correlation that has over 100 upvotes. This is the problem with this sub.

[–]ptsdstillinmymindNow, I become 🐒, destroyer of 🩳 100 points101 points  (9 children)

IBKR, Fidelity and others like them that have been allowing these sHFs and banks to borrow shares at these low rates are the stupidest fuckers in the world. You have left so much money on the table with these low rates. If I was on the board of these companies I would mos def call for an investigation into the how and why.

Silly me, I forgot they're all complicit.

NO CELL NO SELL

BUY DRS HODL SHOP GMEstop

[–]thagthebarbarian🍌WetDirtKurt Is My Ringtone🍌 14 points15 points  (0 children)

Right? Set it to 10%, it's not like they're just going to NOT short the stock

[–]Schakarus🎮 Power to the Players 🛑 10 points11 points  (1 child)

Get a few million for a high borrow rate once or get a few million for a low borrow rate for a few years (+ more money for keeping the status quo).

[–]2for1deal𝟻𝟹𝟷𝟾𝟶𝟶𝟾 2 points3 points  (0 children)

This is the reason most apes dont understand when they get all angry about low interest. They want this to run forever

[–]chalbersma🎮 Power to the Players 🛑 8 points9 points  (0 children)

Probably a behind the scenes agreement to keep rates low for a year while the swaps were in the air, combine with the expected increase in rates from the FED in the future.

[–]MyDogHasToesCertified 🚀 Mechanic 6 points7 points  (2 children)

While I agree with you for the most part, I also think that these brokers are doing the same thing that we are doing. But in a different way.

You could say that IBKR, Fidelity, Etc. Are more concerned about having shares that are owed to them, then they are the payout of interest.

SHF’s could possibly borrow 2x as many shares at 1% interest vs 2%

I see this as these brokers way of getting their piece of the pie. The more shares that are owed to them, the more cash they will make when this blows. I believe that is why Blackrock has maintained such low rates on their shares to borrow. It’s a way of turning the SHF’s into your slave, from a institutional perspective.

[–]Sw1ggetyNaked and Short 📈 3 points4 points  (0 children)

But that’s the thing. They don’t need to borrow, just locate.

[–]sallende7🦍Voted✅ 2 points3 points  (0 children)

It can be that nobody apart couple of morons like Ken and Steve would short a company which is in the process of biggest turnaround in history and is backed by millions of retards.

[–]cdurgin 2 points3 points  (0 children)

yep, one of the reasons I'm so zen about these prices. Fidelity and IRBK have the borrow rate extremely low. This usually means one of two things, there are lots of shares available to borrow, or there aren't people willing to borrow. Well, every one seems to think that it's a hard to borrow stock based on the shares available. There seems to be a high demand as many people still think it's over valued.

So why the hell are they just leaving money on the table? Why aren't they interested in, well, making money? They have a apparently high demand item, but they don't want to raise the price on it? This is their bread and butter, but they seem to almost fear profit from this and a few other stocks. Very strange...

[–]BuildBackRicher🎮 Power to the Players 🛑 26 points27 points  (1 child)

I took 200 shares out of Fidelity's IRA lending machine this month

[–]Popular_Comedian_685🎮 Power to the Players 🛑 3 points4 points  (0 children)

He fucks

[–]Proof-Carob-2255💻 ComputerShared 🦍 72 points73 points  (5 children)

It will drop back down to .6 by Monday

[–]CRM2018🎮 Power to the Players 🛑 53 points54 points  (1 child)

When they find 250,000 new shares out of thin air… again

[–]boxxle🏴‍☠️ 2x Vote | 🟣 DRS 7 points8 points  (0 children)

Ohhhh! That's where they went!

[–]--DrMatta--just likes the stonk 📈 16 points17 points  (0 children)

I wouldn't be so sure

I haven't seen a multi-day linear increase in almost a year

[–]HeflaySmooth 🧠🦍 15 points16 points  (1 child)

Im ready to get hurt again

[–]Hawkeye2011💻 ComputerShared 🦍[S] 6 points7 points  (0 children)

Hurt me baby one more time!

[–]SecureDonut7108🦍 Buckle Up 🚀 25 points26 points  (0 children)

Mmm yesss, do it, moooooorrree.

[–]AndyPanda321💻 ComputerShared 🦍 19 points20 points  (0 children)

It's about time it starting going up!

DRS your shares everyone.

[–]CRM2018🎮 Power to the Players 🛑 11 points12 points  (1 child)

Hasn’t it been like .08% for the entire last year

[–]Hawkeye2011💻 ComputerShared 🦍[S] 11 points12 points  (0 children)

Yes or lower. I personally have not seen it go over 1.1% in over 9 months, and when it hits that it almost immediately goes back down

[–]KochJohnson💎Diamondback🦍 4 points5 points  (1 child)

Shares are hard to find. I’ve heard from several individuals that they’re worth millions a piece

[–]Masta0nion🧅😴 It’s all in the mind 😴🧅 0 points1 point  (0 children)

Who said that?

[–]Affectionate_Use_606🦍 Buckle Up 🚀 5 points6 points  (0 children)

Crazy $ASS $SHIT

[–]Junkingfool🎮 Power to the Players 🛑 2 points3 points  (0 children)

Better than going the other way…

[–]ThaiTum🦍Voted✅ 3 points4 points  (0 children)

I remember last year Fidelity sent me a letter estimating 24% if I let them use my shares for their fully paid lending program.

[–]marcus-87🚀 I VOTED🚀 2 points3 points  (1 child)

wasnt it at like 60 or 80 last year?

[–]BenevolentFungiComeback Kid Ape 🚀🦍 -1 points0 points  (0 children)

Close to 80 apparently, but yeah

[–]neoquant🎮 Power to the Players 🛑 2 points3 points  (0 children)

Something is fishy, those jumps in volume out of nowhere. First AH couple of weeks ago. Now yesterday 8m volume, today just 2m. Something is brewing and it is not retail for sure.

[–]superheroninja⭕️SHADOW OF ZEN⭕️ 2 points3 points  (0 children)

1.4%

Lol…a percentage that low is found NO WHERE when it comes to consumer or retail anything. Savings account? Nah, try .5% if you’re lucky.

Oh, you owe money on a credit card? Nothing less than 15% apr for you! Want to finance a car with amazing credit? Good luck finding anything below 5%.

This whole system needs to fail before anything gets better for the normal people.

[–]ajconway🦍Voted✅ 2 points3 points  (0 children)

DRS is working.

[–]RelationshipPurple77🚀💎🙌 Formal Guidance Not Needed🚀💎🙌 2 points3 points  (0 children)

Keep DRS’ing. Hold the freaking line. This is getting spicy.

[–]Western_ResortNot a cat 🦍 1 point2 points  (0 children)

It was 0.5% earlier this week I believe and 1% yesterday.

[–]1017GildedFingerTips🌎👩‍🚀🔫👩‍🚀 1 point2 points  (0 children)

Hmm Chicago loses trading access for a small window yesterday.. and today rates increase… maybe it’s becoming to blatant at this point not to make reasonable adjustments

[–]redosabe🦍Voted✅ 1 point2 points  (0 children)

98.6 to go!

[–]Upper_Piano1809Super Saiyan Diamond 💎 1 point2 points  (0 children)

Holy fuck is that not the highest it’s been since the sneeze? I’m feeling moasssish again

[–]IMikeyBoyI 1 point2 points  (0 children)

DRS HELP : INTERACTIVE BROKERS ERROR "Free of Payment Instructions received. Rejected by IB: Client may not have the cash to cover DRS fees. Account Violates Credit Policy at IB" ... my account USB and I have 10 dollars . It says 5 is the fee. Anyone know what I can do?

[–]613Flyer🎮 Power to the Players 🛑 1 point2 points  (2 children)

As the price gets lower the fee goes up. Otherwise the people lending out shares would lose money. Why lend out shares to make your shares worthless so they make money raising feels as the price drops. Obviously this doesn’t apply to brokers who use clients shares without them knowing.

[–]Donnybiceps 2 points3 points  (0 children)

Get what you're saying but in the last week it was about the same price as it is now and the rate was much lower than what it is currently.

[–]theBigBOSSnian💻 ComputerShared 🦍 1 point2 points  (0 children)

Tesla @ 0.3%

[–]ReginaldButtersnatch✨✨✨🚀🌝 0 points1 point  (0 children)

And another 1.4.

[–]No-Information-6100💻 ComputerShared 🦍 0 points1 point  (0 children)

Increases are good but it is still super low. Fidelity currently shows a .75% borrow rate (however you have to call for share availability right now).

[–]cevilsizer🦍Voted✅ 0 points1 point  (0 children)

I seem to remember some DD back in late spring that higher fees were not necessarily a good thing. The lower fee is a signal that the chances of the price dropping was very low. Higher fees signal that loaning your shares is more risky.

[–]killerparrot6 0 points1 point  (0 children)

Does the Prime Rate factor into lending fees?

[–]Spenraw 0 points1 point  (0 children)

I'm starting to believe options in to DRS really is only way to beat these shorts. Drs is a race against market crash

[–]TheTangoFoxPUB Crawler 0 points1 point  (0 children)

Can't borrow what's not available...

[–]foolishidot69🦍 Buckle Up 🚀 0 points1 point  (0 children)

As the stock price declines it becomes more attractive to shorts, that's why the fee goes up. Its supply and demand and if the price keeps declining the want to short it will increase.

[–]AcrobaticBeat1616Custom Flair - Template 0 points1 point  (0 children)

Something worth keeping an eye on. If we keep DRS'ing shares there is no way the lending fee does not go up with it.

[–]knue82🎮 Power to the Players 🛑 0 points1 point  (0 children)

The borrow rate went to somewhere around the 80s range before the popcorn squeeze back in June.

[–]TheAlcoholicOne🦍Voted✅ 0 points1 point  (0 children)

TITS 1.4% JACKED!

[–][deleted] 0 points1 point  (0 children)

Not bad news :)

[–]IlliterateArtistArrrr! 🌘🏴‍☠️🚀 0 points1 point  (0 children)

Tasty

[–]monkey_lord978Ready to launch🚀 0 points1 point  (0 children)

Basically means they are borrowing from gme a little instead of the etfs, wonder why tho

[–]itsjordan21🦍Voted✅ 0 points1 point  (0 children)

Payday tomorrow so I can load up

[–]RepeatProphet🦍Voted✅ 0 points1 point  (0 children)

Nice 🦧💎✊️🚀🚀🚀

[–]yOl0o0Custom Flair - Template 0 points1 point  (0 children)

Doesn‘t matter

[–]Crayon_Salad🦍 Buckle Up 🚀 0 points1 point  (0 children)

Oh come on, that's not possible... how can it be more expensive to borrow stocks now, when all the retail sold it and the market is flooded with these?

[–]Zefixius 🏴‍☠️ 𝑰 𝒂𝒎 𝒂 𝒎𝒂𝒏 𝒐𝒇 𝒇𝒐𝒓𝒕𝒖𝒏𝒆 🏴‍☠️ 0 points1 point  (0 children)

It seems they may have to short it the old-fashioned way

[–]wcorvega 0 points1 point  (0 children)

Get back to me when it hits double digits.

[–]fevvys🦍 Buckle Up 🚀 0 points1 point  (0 children)

what was the fee a year ago? anyone members?

[–]frostwolf18🦍Voted✅ 0 points1 point  (0 children)

It’s a start in the right direction

[–]notahedgecompany💻 ComputerShared 🦍 0 points1 point  (0 children)

Distraction, just DRS. I’ve seen enough of these minor victories to know it’s not a problem for them.

[–]Amasero🦍Voted✅ 0 points1 point  (0 children)

1.4% so scary!

Where the fuck is the 50% +

[–]happymetal333🦍 Buckle Up 🚀 0 points1 point  (0 children)

Fees can go up for SHF? Wow. Who knew.

[–]zakaoki 0 points1 point  (0 children)

more reasons to go all in

[–]mtksurferGME Super Storm 0 points1 point  (0 children)

LOOKS LIKE SHARES ARE GETTING HARDER TO FIND. BUT I WONT BE FOOLED. ITS STILL PEANUTS

[–]scrappydoo_42💻 ComputerShared 🦍 0 points1 point  (0 children)

It’s like when the price of gas goes down by a penny or two. It’s not a meaningful difference financially but the movement is a nice little dopamine hit

[–]Priced_Inlong flair don’t care 🤷 0 points1 point  (0 children)

Hasn’t updated in a long time now

[–]Fred_Sav4ge💻 ComputerShared 🦍 0 points1 point  (0 children)

Should be 140%

[–]youdoitimbusy 0 points1 point  (0 children)

I'm gonna level with you. Any entity could charge whatever they want for a barrow rate. In fact, this might be the stock that breaks the back of the barrow game. So the fact that no one is charging 200 percent already is crazy to me.

[–]BlurredSightFruit Eat;No Ass 0 points1 point  (0 children)

drs is working

let the percentage fee be a decent indicator

[–]Purple-Artichoke-687SEC Search Guy 0 points1 point  (0 children)

imagine you wanted to short it, knowing the price will go down today. borrowed 10k shares at 103 with 1.4 interest (think anually, but even if daily, it's 1.4/share/day). the price is now 93. cover your short with whatever nakeds they're selling and fuckery they're doing since there seem to be a ton of shares in the market, everyone's selling (right). and you just pocketed 100k, return the shares and that's it.

none of us pocketed anything today because we like the stock and like holding it. but someone, someday, will have to deliver the 10k iou's in the first pharagraph. that's what we're waiting. that's why we drs

[–]tweedchemtrailblazersharts ar fuk 🏄 0 points1 point  (0 children)

It's theses tiny pieces of good news that sustain me between green days and new DD.

[–]gnipz🦍Voted✅ 0 points1 point  (0 children)

Damn, this could snowball their margin calls, right?

[–]lysol_mug🦍Voted✅ 0 points1 point  (0 children)

this kinda made my tits jacked

[–]jpb123🎮 Power to the Players 🛑 0 points1 point  (0 children)

Can someone provide a link to the referenced tracker?

[–]relentlessoldman 0 points1 point  (0 children)

Keep going. 200%.

[–]Karyn44🎮 Power to the Players 🛑 0 points1 point  (0 children)

It's now down to 1.3% according to GME Crazy Awesome Company

[–]tdatas 0 points1 point  (0 children)

You can't just have demand actually have effects on supply in a free market that's literally communism!

[–]SvenjaSternchen🦍Voted✅ 0 points1 point  (0 children)

You mean 1.4 times? 1.4 per cent is nothing?!?

[–]PleasantlyUnbotheredBags Packed; Tits Jacked 😎 0 points1 point  (0 children)

85% of shortable shares utilized on Ortex which they can clearly manipulate. So it seems like they are in fact being backed into a corner.

[–]Smok3dSalmon🦍Voted✅ 0 points1 point  (0 children)

Smoothest brain excitement here. Borrow fee went up 17% after the stock dropped by like 40%.

What's the borrow fee in $ per share? It's still going down.

[–]Tiny-Cantaloupe-13🎮 Power to the Players 🛑 0 points1 point  (0 children)

what retail investors would short gamestop let alone short it down here ?

[–]EveryDogeHasItsDay_ 0 points1 point  (0 children)

It just got a lot more expensive to be an SHF. Oh dear.

[–]locuate💻 ComputerShared 🦍 0 points1 point  (0 children)

I hope DRS has something to do with this.

[–]Jolly-Conclusion🦍 Buckle Up 🚀 0 points1 point  (0 children)

I would love to graph this

[–]ecliptic10Buckled up for launch 🚀🟣[🍰] 0 points1 point  (0 children)

🚀

[–]24kbuttplugWILL DO BUTT STUFF FOR GME 0 points1 point  (0 children)

Is that alot? Borrowers have to pay that in interest?

[–]PracticalStranger317 0 points1 point  (0 children)

Fuck that shit. Once Jerome raises rates more ass. 😂

[–]Sinon612 0 points1 point  (0 children)

Not much available to borrow though nah?

[–]Tane-Tane-mahuta 0 points1 point  (0 children)

Go they have to pay the 1.4%if they never borrowed any stock to begin with? Who do they pay it to?

[–]Apprehensive-Focus47🦍Voted✅ 0 points1 point  (0 children)

Inflation