Good morning, my fellow chickens welcome to the house of chicken church. It is your boy trace trades coming back again for another freaking video. Today i am going to knock out two videos. I got one this morning.

I want to talk about some stuff. That's going on with fidelity the broker and man i'll tell you what there are two situations here that are potentially at hand, so we're gon na dive right into this sucker and keep this nice and short for you uh. This is this is actually where i found this. There is an account on twitter called uh market watch, drs, gme and uh the profile picture for this.

This fellow guy is a literal butthole, so uh right off the bat we've got a phenomenal story. Market wash actually referenced this guy, whose name in the article is market, watch red dirt, curt uh, with a picture of a butthole as his pee pee, which is quite the fascinating thing, but nonetheless the story is what's interesting to me so check this out. Someone asked that fidelity subreddit, why 11 million additional loadable gamestop shares appeared overnight 20 of the float available to short appearing overnight below is their response and fidelity went out of their way to respond to the situation which is outlined here in the actual article itself. Now, what's interesting about this is to give you a little bit of a backstory gamestop showed on a couple different short report.

Exchanges such as ortex didn't have this data, but ortex is an example of what this would look like. It showed a short interest of over 100 out of nowhere popped up one given day and before that, the the actual short interest data was significantly lower. It was 10 15 20, whatever whatever the actual value was. It was something that was just astronomical.

That made absolutely no sense for reference point, i'm going to show you what gamestop short interest is right now, just so you can compare to what this actually looks like, because it's so goofy 11 right. That means it would have went from 11 to over 100. In a single night, so right off the bat, either a that's a red flag or b, that's a red flag right, let's start looking into whatever the hell's happening and ask some questions and fidelity addressed this situation here right. They actually went out of their way to make a comment on what had happened, and they have this right here today, november 30th, our trade ticket reflected an incorrect number of game.

Stop shares available to short, read a post on fidelity's own subreddit posted just after 3. 30 p.m: eastern: after researching the volume with our lending services team, we were able to identify that the root cause was an incorrect entry, an incorrect entry of the number of shares available to short by one of our external counterparties. The issue was fixed by 12 10 pm eastern today. The gamestop shares available to the short is now correct on the trade ticket.

This is a mistake worth billions of freaking dollars. That's absolutely ridiculous! I think about it like this right when i went to college if uh. If i just all of a sudden, i don't know - maybe i was maybe i was putting together some spreadsheets on data right. Maybe i was researching uh.

How many people in the cafeteria decide that they they like to eat salad right and my actual value was five percent, but instead of five you know i added two zeros, i said 500. This is my final thesis or something i got my degree in nutrition in college right and i decided uh it's 500 and i pitched this to my professor. Do you think my professor is really going to think to themselves yeah? It's all good, yeah yeah! You just change at get rid of the two zeros, no they're gon na say this. Is your final thesis, get your together bob and make it a good report.

You know that is absolutely unacceptable. So there's two things that i think are potential here right one. This really truly is what happened. Perhaps there was actually a third party who had just mis-entered the correct entry they didn't enter in the correct number of shares available to short.

They didn't enter uh. It could have been a mistake right or two they're lying and, if they're lying, that's a problem right both of these are problematic situations, and i'm gon na tell you why if they simply mis-entered the data, that means that this is manually entered data which leaves room For what human error we know, human beings right as people, even good people, run into problems, whether it's malicious or it's just human error, and if you're leaving this decision of data, which can represent the deeds and the behavior of big institutions and big funds. And what's actually happening in the grand scheme of things, that's pretty you're, leaving a lot of decision making to people who could potentially lead you down the wrong path. The second thing is, if they're lying fidelity's lying - that's that's just this bad, obviously right so either a there's, a problem with the system in which you are actually able to manually enter data, and these kind of discrepancies can take place in the first place or or B, their line and each one is not good right.

2021. My friends, if i was to describe this uh investing in any sort of way. It is the year of finding out that uh people have brokers every single broker out. There has its own problem.

I mean freaking piss fidelity is one of the very few that actually has direct routing to lit exchanges right. That's that's a phenomenal thing. That's better than payment for order flow right, lead exchange is referencing to this is actually going directly to an exchange. That is not off exchange over the counter right.

This is where they can kind of have some lack of price discovery, and even still you run into things like this, where it really makes you raise an eyebrow. These guys should not get off easy for this. They should not that's problematic. This is suss.

That is some that's what i've got for this video catch on the next one, much love light taps peace.