Okay folks, so you are in big trouble. We have three violent things to discuss today. Number one, I need to give an update on plays in the market, Number two, you need to know about a specific Ev company that just announced that they are essentially going public via merger soon. And lastly, number three, I want to discuss allegations of Amc being rigged through the internal court documents that are being leaked and trending everywhere, as well as why there's been a huge spike in people alleging that the Ceo of Citadel perjured himself in front of Congress.

And the only thing that I ask in return for all this is that you hit that ravishing like button and also don't forget to subscribe either. Okay, Marquetta. So it's so fascinating to me how almost like clockwork, every single September, the market seems to be in a little funky funk. Maybe that's because you have some people locking in profits before the end of the year and before they anticipate everybody else is going to do so.

Maybe you have other people anticipating holiday seasonal sales that are like, okay, well, I'm going to buy each dip and then you have other people that are like, but, wait, government shutdown? foot meh. As we approach the end of September, I think we could say conclusively that this has been a very, very typical September. That being said, what has been atypical are the numerous numerous short squeezers. Okay, Cei continued its momentum rally today, getting extremely close to that long-term resistance level resistance.

Stevo. My thought process is, hey, this has been hugely successful. Why risk a massively massively successful play by refusing to lock in profits during the uptrend? You can keep some meat in the game, but the idea is that as it goes up, you start taking a risk off the table because you've had a successful play. and it's better to lock in a successful play than completely risk blowing up on a successful play just because you're worried that you wouldn't catch an extra 20 to 30 percent run.

And why am I not specifically saying lock in all profits? Well, because if this does break that long-term resistance, it is probably going to see a lot more momentum. Probably the emphasis is on the probably okay Bbig. So yesterday we were talking about how Bbig is at an inflection point, testing strength above our beautiful red moving average. Today it bounced off it massively up at some points more than 20 percent.

But why did it run Charlie? Well, my opinion is that the 260 short interest rumor we'll call it that was spread over the weekend caused a lot of retail buyers to place buy orders which then filled in the pre-market But is the short interest really 260 percent? Yesterday I said I didn't believe those numbers. But is there any truth to this? Many people were speculating that because many different brokers reported that that thus they all independently confirmed it and thus it must be true. Problem is that to the best of my knowledge, almost all of them source their short interest from one third-party vendor, So if the source was wrong, they'd all automatically have the same data. A lot of people are calling their customer service and asking is 260 the correct short interest and the customer service will go and look at the same data that the customer looked at and say, yeah, yeah, it says 260 So yes, this has to be verified.

This is true. So anyways, here's the thing. I want this to have really, really high short interest, obviously, but I'm operating under the assumption that this 260 short interest is Bs. The bigger picture here, like I was saying yesterday, is it's probably true that there's a lot more short sellers here than meets the eye, and the stock is going to get very, very interesting when you get closer to that catalyst on October 15th.

Okay, now it's time for the new Ev stock that is attempting to go public via merger. It was just announced this morning that Ggpi will be taking public Poll store. They are basically the Volvo of electric cars and kind of a little baby offspring of Volvo themselves. Practical, competent, and subtly luxurious, if not somewhat understated.

they appeal to the minimalistic, practical, and sleek crowd that likes to get up really early in the morning and go to sleep around 7 pm. It appeals to Type A personalities that like to get the job done. They have money, but They don't want to show off. so inside they want to feel like they have great quality and they're doing something good for the environment, and Polestar pretty much appeals to them.

Quite frankly, their business model is very similar to the crowd that it appeals to, and there's a few main things that set them apart: Number one: their production capacity. A combination of strategic partnership and ownership agreements allow pull Star access to six production factories around the world, and a seventh one plan for 2024.. they also have a product pipeline for many new models. They have a global presence, with current markets including the Us, China, Canada, select major countries in Europe like the Uk, Germany, and Switzerland, and more slated across Asia Pacific and the Middle East, but this is where it gets exciting.

Pole Store also makes an intriguing argument that, while it does have many competitors, when you consider the ones that actually are reasonably global Ev players, the only other real player is Tesla. What I will say is that Polestar's entrance gives an opportunity to get more bang for your buck in terms of multiples in the Ev race before a Pulstar really starts expanding. When you're looking at 2023, expected revenue, Pulstar is at a 3x multiple, while Tesla is at 10.8 x Lucid is at 6.5 Neo is at 4, and Xpev is at 3.5 Of course, it's very difficult to compare these companies because they all have different levels of technology and different consumer adoption and different history. But what I will say is that if you're looking for exposure to the European market, Pulstar is one of the only ones on this list besides Tesla that actually has strong exposure to the European Ev market right now, a market that's very, very massive and is expanding.

So if you're looking to grow exposure in Europe and you're looking to get in on sort of the early stage development when it comes down to the Us and China, I would argue that if they have even modest success in the Us and China markets and they continue growing huge in Europe and this could be a very, very interesting place. okay, uh, Amc. Fairly flawed today. But I want to talk about this Robin Hood leak in Citadel collusion situation.

And of course I do want to be clear. these are all allegations and it's an ongoing court case and I'm not a legal expert. So take what I say with a grain of salt. a very small, grinded one that you can't even see anymore.

It's between your fingers and it's gonna get under your nail. So a few days ago, pages were released of Robin Hood's internal conversations during the Gamestop meme by button restriction back in January. This is part of a broader court case alleging collusion between brokers and market makers. And all these revelations both new and old have brought up a lot of calls for well, let's just say not nice things to Ceos of some of these market makers with hashtag Kevin Griffin Lied: Prison is the floor trending on Twitter.

It's getting nasty real quickly. and then a lot of these posts link back to this article where they claim to have the leaked proof that Citadel Ceo lied under Oath which goes through internal communications like this where insiders discuss the events leading up to the buy button removal. For example, on January 27th, Robin Hood Chief Executive said just Fyi that Dan and I are joining gym at 5 00 pm on a call with Citadel. They reached out and want to speak this evening and we believe they will make some demands on limiting Pfof across the board.

We won't agree to anything, but wanted to give you a heads up to which Robin Hood Ceo and former Bulgarian small child replied, maybe this would be a good time for me to chat with Ken Griffin? You guys can mention that mention that seems to be referring to limiting Pfof payment for order flow. So the basis of the whole effort to figure out what happened is specifically did Citadel collude with brokers like Robin Hood to screw over the little guy and favor their own position. Here is the video that's trending everywhere suggesting that Ken Griffin lied under Oath? Well, that's not what the public thinks. The public thinks that.

There was collusion, that the big guys all of you guys were figuring out how to do this and ultimately come out ahead as you always do. Um, but did you talk to them about restricting or doing anything to prevent people from buying, not selling the buying in game stock? Let me be anybody in your organization, Be perfectly clear? Absolutely not. So if we depose everyone in your organization, we'll find that that is correct. So the Congressman asks, did you Ken Griffin, talk to Robin Hood about restricting the buy button on Gme and to the extension many other retail heavy stocks like Amc, Nokia, Blackberry, and so forth, all the other ones named in the court case, to which he says no, sir, I want to be clear, no And then the video brings up screenshots of Vlad saying we should talk to Ken Griffin And it brings up Robin Hood speculation that Citadel may want to limit payment for order flow across the board and some other suggesting panicking and Robinhood and a mess at Citadel.

So does this match with the allegations? Well, what are the allegations? The allegation from retail is pretty much summed up by this tweet that's going trending. Citadel Ceo Ken Griffith lied during the Gamestop House hearing when asked by U.s Representative Juan Vargas if Citadel had any collusion with Robin Hood. Turns out there was communication between them. It's important to note that communication and collusion aren't the same thing.

I think that what was really revealed through these documents is that the setup for possible corruption is very, very apparent here. especially considering another piece that I found where Ken Griffin was saying that he didn't know anything about Robin Hood's decision to restrict trades beforehand. We had no role in Robin Hood's decision to limit trading in Gamestop or any of the other meme stocks. I first learned a Robin Hood's trading restrictions only after they were publicly announced.

If Vlad did decide to talk to Ken before this happened, you may imagine that they would have brought something like that up. That being said, I got to tell you the truth. What has come out in these documents is really more of the same in what we already knew. This isn't concrete evidence that somebody lied under oath.

it's just a bunch of allegations based on what looks like a setup for corruption. The real problem here is that this is a situation where there's so much gray area in terms of how to actually analyze the data. Imagine for a moment that it was legal for surgeons to bet on their patients dying and then after one inevitably dies, investigators come in and they start asking questions. Well, did this patient die because of natural causes that were outside of the surgeon's control and the surgeon did his best? Or did the patient die because the surgeon didn't do his best or did something make it more likely that he died so that he'd get the payoff because he bet that he's going to die like even if the patient really does have legit complications.

The idea that a surgeon would be incentivized, a surgeon that's basically hired to save the patient's life would be incentivized for the patient to die is definitely a broken system. Wholesalers work so closely with the brokers that they execute for and it creates a lot of gray area in terms of what they were trying to accomplish with each execution. Were they favoring the retail trader? Were they actually giving best execution? Were they favoring themselves in their own short positions? Were they really rounding it to the best possible spot? Or is it part of a bigger picture that allows them to make more money and screw the little guy and at the end of the day, even if they had the best of intentions, the system is set up in a way that makes it very, very difficult to prove that. and until we get more enforcement and more regulation that targets these issues, you're always going to have to call into question every time something like that January situation happens.

Anyways, folks that caps off the video. If you have any questions, feel free to reach out to us below or join us on ziptrader Circle if you'd like to learn how to trade. With our step-by-step lessons, our private chat, and of course our daily morning bravings where we brief on all the latest catalysts each and every market open morning. I'll go ahead and put a link to Ziptrader.

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