They are all WRONG! Here's proof Corona Del Mar, CA   Howdy !   Meme stocks are back. I guess people have the memory of a goldfish, and forgot how this ended last time.   So let's dispel two myths that could potentially save you money, time, and heartache.   Gamestop more than tripled again...mostly in the overnight sessions. Somehow they forgot how "sticking it to the man" worked out last time. First of all, short interest was never more than 100% of float. The lemmings talking about this don't understand the number whatsoever.   Let's see what S3 Partners says. I've talked with these guys personally because I wanted to look at their short interest data.   "GME short interest was never 140% of the float. Every short sale creates an additional long position. This is why our calculation of float uses the long created by a short sale.   When traditional indicators and information sources were quoting GME short interest at 120%, 130%, 140% of the float, our data showed 20%, 30%, 40%."   In other words, they aren't using the correct denominator.   Next, they don't understand that you can't screw over "The Man" because all trades have to go through the DTCC clearing house. They are an intermediary just in case the counter-party to your trade goes belly up.   They can start raising margin requirements, halt stocks, and even re-write the rules of the game with the full blessing of the government and Wall Street. You can not bankrupt them using their own system.   What's sad is traders will lose years and years of time to get rich quick schemes.   They would have been better off throwing their money into an index (FYI, an index like the S&P 500 is actually a trend following trading system based on market cap).   Wall Street is purposely filled with traps to part you from your hard-earned money.   Even in 2024, few know that "free" brokers make their money by selling out their customers to HFT firms like Citadel.   A lot of "free" tools and education wouldn't exist if they weren't funded by some deep pockets. I've often wondered if the reason these cockamamie trading methods continue to exist is to indirectly funnel money to these fat cats.   After spending 27 years in this business, $5 million building strong machine learning merged with cloud computing, reviewing tens of thousands of trading strategies, and speaking with traders on a daily basis, I can tell you that most are doing it backwards.   Review our Twitter account history, and you'll see we're consistently correct on calls, while the majority continue to get it wrong:   https://twitter.com/PortfolioBoss Trade smart,   Dan "Prince of Proof" Murphy                                 Portfolio Boss, Inc. 260 Newport Center Dr, Suite 100 Newport Beach, CA 92660   Don't want to stay in the loop with Dan? We'll be sad to see you go, but you can unsub to no longer receive emails.