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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.

By Trey

23 thoughts on “Fidelity is sus”
  1. Avataaar/Circle Created with python_avatars Heath Boral says:

    The “secret” ingredient is CRIME! Gary has zero ground to stand on now considering his actions or lack thereof. His only power is clearly that which is granted to him by his position. How can he be this blind? He’s obviously not really blind, he is just knowingly not doing anything. Does SSR not matter ? Apes own the float and then some plus what all the tuts own and loan out 5 to 10 times … no apes are selling.

  2. Avataaar/Circle Created with python_avatars chaoticpuppet says:

    Haven't had any issues with wealthsimple here in canada. Lots of posts on reddit about Canadian laws regarding lending shares the pfof thing and stuff.

  3. Avataaar/Circle Created with python_avatars Jeff Trotter says:

    Just like a bank or credit card loan you money they do not physically have and change you interest on the loan.

  4. Avataaar/Circle Created with python_avatars Will Meadows says:

    This is bad no matter how you look at it..UNBELIEVABLE, THE SHIT WE DEAL WITH IN THIS CORRUPT MARKET!!

  5. Avataaar/Circle Created with python_avatars Anthony Alfaro says:

    Enough of the bullshit this stock ain't never gonna squeeze. And you youtubers don't give a fuck about this stock or US apes you guys already made life changing money off of US. Now you guys are to busy with your new celebrity life's to even update us on the stock anymore. You fucks used us and are still telling us lies about a squeeze that will never happen. I hope you all lose your money just like we will eventually

  6. Avataaar/Circle Created with python_avatars DENNIS P says:

    Why did you recommend TDAmeritrade think or swim on Fox News after all we know about pfof?

  7. Avataaar/Circle Created with python_avatars DMLK CS says:

    Thank you Trey for making that video.
    It just goes to show how one broker is not better then another.

  8. Avataaar/Circle Created with python_avatars MR321 K says:

    You cant have a legitimate broker when the whole system is corrupt. Thats like trying to have a safe part of a house… Thats on fire…

    Unless that fire gets controlled or put out. It will consume the entire house.

  9. Avataaar/Circle Created with python_avatars Eyob Hailu says:

    Lou has been saying this. He become more and more right by the day give him his credit

  10. Avataaar/Circle Created with python_avatars Joe N says:

    Jeez our community had me telling all the new investors in my life to do Fidelity… so we don’t trust them now either?? 🤦🏻‍♂️

  11. Avataaar/Circle Created with python_avatars SkyMonster says:

    These Fidelity Rumors are total bullsh&t! The DD on Fidelity was done 6 months ago and is available on Reddit.

    Summary:

    • Orders are routed to Lit exchanges

    • Unless you have a margin account, in that case you can select which market or MM you want your order routed

    • Stock certificates of ownership are available for a fee (mine was $100 for 1700 shares)

    • And you can direct register your shares using Fidelity

    Al from Boston started this (the same guy who misleads people to think AMC will reach $million dollars per share) obviously has an Axe to grind with Fidelity.

    Trey and Matt Kohrs were quick to jump on the bandwagon (click bait?!).

    SERIOUSLY, you think Fidelity is the bad guy in this story?!

    AL, MATT, AND TREY lose Credibility with this type of nonsense!

  12. Avataaar/Circle Created with python_avatars Gary Massey says:

    How about everyone that’s throwing shade at trey go slam a bag of dicks!!!

  13. Avataaar/Circle Created with python_avatars soccersmitty12 says:

    Enjoy your 600k you made off all of us while we all lose money on this play

  14. Avataaar/Circle Created with python_avatars Terry Biggs says:

    Crooks are all in it together!! Pulling my money from Fidelity as we speak.

  15. Avataaar/Circle Created with python_avatars Frederick Miles says:

    Never trust bookies and loan sharks – when they and their buddies get on the wrongside of a bet; they will do anything and everything to survive. Develop tactics to crush their growth and kill shareholder value – social media campaigns are a good start.

  16. Avataaar/Circle Created with python_avatars hi buddy wuz sup says:

    Why the hell should they be manually entering anything when there are super computers? The fact that people are manually entering data shows that it's that way for a fucked up reason.

  17. Avataaar/Circle Created with python_avatars Jenghis Khan says:

    They’re the same and you clowns think it’s better than Robin Hood. I stayed with them. I tried all the other apps. Robin is more simply and better design in my opinion

  18. Avataaar/Circle Created with python_avatars Lawernce Beyer says:

    Welcome to the most corrupt country in the world . Government officials. State officials. Wall street and hedge funds are all fucking assholes only out for themselves

  19. Avataaar/Circle Created with python_avatars ragnarmiami says:

    When you hear the word FREE , you might wanna doublecheck how exactly they make their $$$. Nothing is free. Facebook is free cause they sell and track your info and your friends, RH is in bed with Kenny, nothing is free.

  20. Avataaar/Circle Created with python_avatars Prove Me Wrong says:

    Can we all agree Lou vs Wallstreet may have properly addressed the issues concerning AMC Entertainment stock. He is looking more credible by the day. Ijs

  21. Avataaar/Circle Created with python_avatars N8R N8R says:

    You know Trey I've given back 88k in gains holding amc. Been in amc since u started your channel. I'm still up 120% but it'd be nice if you showed your position like u use to so u can show Apes you still have conviction in amc. U make alotof $$ off Apes w youtube making amc videos. It'd be really nice to know where you personal conviction lies. You use to do this all the time & it stopped months ago????

  22. Avataaar/Circle Created with python_avatars Dick Danger says:

    I think there's something wrong with the audio, I can still hear perfect, but I am getting some "popping" noise. just FYI.. Love ya Trey!

  23. Avataaar/Circle Created with python_avatars manny digham says:

    I have a feeling that they will keep the price down in the mid 30s to burn all the options expirying out of the money on december 17th. look at the volume speaks for itself. any thoughts on that?

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