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The Great Wall and Wall Street: Become a Better Trader by Understanding the Perils of šŸ‡ØšŸ‡³ Chinese Companies on šŸ‡ŗšŸ‡ø U.S. Exchanges

2024.05.13 23:28 AlfrescoDog The Great Wall and Wall Street: Become a Better Trader by Understanding the Perils of šŸ‡ØšŸ‡³ Chinese Companies on šŸ‡ŗšŸ‡ø U.S. Exchanges

The Great Wall and Wall Street: Become a Better Trader by Understanding the Perils of šŸ‡ØšŸ‡³ Chinese Companies on šŸ‡ŗšŸ‡ø U.S. Exchanges
āš ļø Attention all traders and holders of Chinese stocks: You should read this if you donā€™t know what a VIE is. Sure, most of you will be repelled by the great wall of text here (so many words!), but you might want to keep this post nearby.
Hello. You are aware that Wall Streetā€™s bustling bazaar hosts a veritable Forbidden City of Chinese companies draped in ticker tape rather than silk. Today, I will provide background and data on all allowed Chinese companies listed on three of the largest U.S. stock exchanges: New York Stock Exchange (NYSE), Nasdaq, and NYSE American.
I should note that a bustling troupe of 26 national securities exchanges are registered with the SEC in the United States. Most are owned by the Nasdaq, NYSE, or the Chicago Board Options Exchange (CBOE).
Nonetheless, based on data from the World Federation of Exchanges as of August 2023, the NYSE and Nasdaq were the top two exchanges behemoths of the global financial stage, accounting for 42.4% of the total $110.2 trillion in valuation traded across 80 major global exchanges.
šŸ–¼ļø I had a photo of Wall Street to add here, but I'm only allowed to include one attachment.
2022 vs. 2023
According to the U.S.-China Economic and Security Review Commission, as of January 8, 2024, there were 265 Chinese companies listed on the three U.S. exchanges, with a total market capitalization of $848 billion. That valuation is down from a year priorā€”January 9, 2023ā€”when a slightly lower 252 Chinese companies were tracked, but they represented a total market capitalization of $1.03 trillion.
Since January 2023, 24 Chinese companies have entered the spotlight of the three U.S. exchanges, raising $656 million in combined initial public offerings (IPOs). On the other hand, eleven Chinese companies have folded their tents and delisted.
China Securities Regulatory Commission
The American stock exchanges witnessed a springtime bloom of Chinese IPOs in the first quarter of 2023. However, this listing activity came to an abrupt halt as the clock struck March 31, 2023.
Why? The China Securities Regulatory Commission (CSRC) implemented a revised approval process for companies going public overseas.
I wonā€™t get into the details, but China has rules to cap foreign investment and ownership in sectors deemed strategic, such as technology. In the past, those regulations have driven several Chinese firms to the legal gymnastics of a Variable Interest Entity (VIE) structureā€”a clever contrivance that allowed them to leapfrog domestic constraints.
However, under the revised review mechanism, every company, regardless of its corporate ownership structure, must now bow before the China Securities Regulatory Commission (CSRC) to register its intent to list overseas.
šŸ–¼ļø I had a photo of the CSRC building to add here, but I'm only allowed to include one attachment.
The gatekeeper
Therefore, although the CSRC touted this regulation as a necessary measure for enforcing regulatory compliance and preventing fraud (which is true), it also helps regulators act as gatekeepers poised to block any proposed listing they deem poses a risk to their national security or jeopardizes China's national interests.
This process is wide-ranging. For instance, it includes an evaluation of the companyā€™s safeguards against disclosing what the Chinese Communist Party considers potential state secrets. But weā€™re not talking about top-secret black-ops projects meant to be hidden from international oversight committees. Noā€¦ any company that collects personal information on more than one million users requires stern data security review mechanisms for its cross-border data flows.
For perspective, TikTok has over 150 million users in the U.S. alone and is not subject to the same scrutiny from the Western nations.
Currently, the CSRC approval process is reportedly taking upward of six months.
Audit inspections and investigations in China
Youā€™re probably unaware of the HFCAA, so letā€™s start there.
The Holding Foreign Companies Accountable Act of 2020 (HFCAA) is a law that requires companies publicly listed on stock exchanges in the U.S. to disclose to the United States Securities and Exchange Commission (SEC) information on foreign jurisdictions that prevent the Public Company Accounting Oversight Board (PCAOB) from conducting inspections.
That law laid down a stern ultimatum: If Chinese authorities kept obstructing the Public Company Accounting Oversight Board (PCAOB) from inspecting audit firms in China or Hong Kong for three consecutive years, the companies audited by these entities would face a ban from the bustling arenas of the U.S. exchanges.
Basically, either China allowed the PCAOB to inspect the audit firms, or the companies had to change to another auditing firm within three years.
Then, as 2022 waned to its final days (literally, on December 29), President Joe Biden signed a Consolidated Appropriations Act, which contained a provision that will tighten the noose, shortening future timelines from three consecutive years to only two.
Once they looked under the rock
Finally allowed to conduct full investigations of audit firms in mainland China and Hong Kong after over a decade of obstruction, the PCAOB announced the findings of its first round of inspections in May 2023, identifying deficiencies in seven of eight audits conducted by the auditing firms KPMG Huazhen and PricewaterhouseCoopers (PwC) Hong Kong. Audits of Chinese Companies Are Highly Deficient, U.S. Regulator Says
On November 30, 2023, the PCAOB announced fines against three audit firms in China, totaling $7.9 million for misconduct. For perspective, that number included the second and third-largest fines ever doled out by the PCAOB.
Why were the fines so bad?
Those sneaky Chinese accountants
Imagine a gaggle of accountants in the far reaches of PwC China and Hong Kong applying for a U.S. auditing curriculum. But alas, these foreign accountants find the U.S. auditing training tests a trifle tedious, so someone came up with the answers and decided to pass them around like a secret note in a schoolroom.
From 2018 to 2020, over 1,000 of these busy bees completed their U.S. auditing online exams by copying the answers from two unauthorized apps with a fervor that would make a gossip columnist blush.
When confronted with the evidence, PwC China and PwC Hong Kong response: šŸ¤·ā€ā™‚ļø
And let me remind you, this happened late last year. Both firms are expected to provide reasonable assurance that their personnel will act with integrity in connection with internal training and to report their compliance to the PCAOB within 150 daysā€”April 2024.
šŸ–¼ļø I was planning on using an AI-generated image of Chinese accountants cheating, but I'm only allowed to include one attachment.
State-owned enterprises
According to the U.S.-China Economic and Security Review Commission, this graph represents the total market capitalization of Chinese companies listed in the three U.S. exchanges.
Market Capitalization of Listed Chinese Companies
The number of listed companies has stayed at around 260. However, all Chinese state-owned enterprises (SOEs) have delisted themselves from U.S. exchanges, most of them soon after the PCAOB announced it had secured complete access to Chinese auditorsā€™ records.
Variable Interest Entities (VIEs)
Most tradersā€”and that means youā€”are unaware that 166 Chinese companies currently listed on the three major U.S. exchanges use a VIE structure.
As of January 8, 2024, these companies have a market capitalization of $772 billion. For perspective, that represents 91% of the total market capitalization of all the Chinese firms listed on the three major U.S. exchanges.
What the hell is a VIE?
It is a complex corporate structure that grants shareholders contractual claims to control via an offshore shell company without transferring actual ownership in the company.
A Variable Interest Entity (VIE) is a bit like a riverboat casinoā€™s cleverest trick, allowing a company to sell its chips on a foreign table without ever letting the players hold the cards directly.
A VIE is a structure used primarily by companies that wish to partake in the financial streams of another country (the U.S. exchanges) without breaking local laws (Chinese laws) that prevent full ownership.
Remember, Chinese companies structured themselves as VIEs to circumvent Chinaā€™s restrictionsā€”not U.S. restrictionsā€”on foreign ownership in industries the CCP deems sensitive.
Therefore, when you hold stock in one of these Chinese companies, youā€™re not officially holding any actual ownership in the company. Because if you did, then that company could be breaking Chinese restrictive caps on foreign investment and ownership.
Thatā€™s why they set up a faƧade, or a legal entity, that controls the business on paper, but the true power and profits are funneled back to the company pulling the strings.
Granted, itā€™s not as shaky as asking a random stranger to hold your shares, but it is crafty, and you should be aware of the risks.
Wait. What are the risks?
You need to understand that thereā€™s a shadow of potential risk looming. Potential. Now, don't mistake me for the town crier of doom; I'm not proclaiming that the sky is falling on these shares. Nor am I declaring that disaster is certain for Chinese stocks.
What I am pointing out, however, is the presence of a riskā€”a subtle beast that might just catch you off guard if you remain unaware.
And letā€™s face it: Most of you are completely oblivious to these issues.
There are two sides here: šŸ‡ŗšŸ‡ø & šŸ‡ØšŸ‡³
šŸ‡ŗšŸ‡ø
Since July 2021, the SEC has imposed additional disclosure requirements for Chinese companies using a VIE to sell shares in the U.S. These requirements include greater transparency about the relationship between the VIE and its Chinese operating companies.
In summary, the SEC aims to push VIEs toward the company behind them to offer more clarity on U.S. investor ownership in the Chinese operating company.
šŸ‡ØšŸ‡³
On the other side, Chinese companies that list overseas using a VIE were not required to register their listings with the CSRC, as the VIE is not considered a Chinese company under Chinaā€™s law. This is the reason VIEs were used in the first place.
However, as I mentioned earlier, after March 31, 2023, the CSRC established requirements for all new Chinese companies to register and receive permission before going public overseasā€”even those planning to use VIE structures. Thatā€™s why there was a boom of Chinese IPOs before that deadline.
Granted, on September 14, 2023, a Chinese auto insurance platform became the first company that received the elusive blessing of the CSRC to list, and it did so using a VIE arrangement, breaking the long, dry spell that had plagued Chinese IPOs when she listed on the Nasdaq four days later.
However, even though VIEs received some sort of recognition from the CSRC, the VIE corporate structures still hold dubious legal status under Chinaā€™s laws. Remember, VIEs purpose is to avoid being considered a Chinese company under Chinaā€™s laws.
Soā€¦ do you see the potential risk here?
Ummā€¦ No, I donā€™t get it.
Think about it. Either country could potentially increase regulations for VIEs, but if the SEC forces them to be more transparent, the VIE would not be able to circumvent Chinaā€™s restrictions. Thatā€™s one risk.
Also, at some point, Chinaā€™s CSRC might question whether itā€™s appropriate to recognize a corporate structure that was created to circumvent its laws.
Which leads me to this: Whatā€™s keeping the CCP from deciding to start reigning in those VIEs?
The answer is simple: Theyā€™re not in a hurry to do so because if misfortune should befall, itā€™ll be the foreign investors whoā€™ll see their assets deflated like a punctured balloon.
šŸ–¼ļø I would've added a nice image or two by now, to balance all the text and make this more appealing, but I'm only allowed to include one attachment.
If a VIE-listed company goes private at a lower valuation, businesses fail, or thereā€™s a valuation discrepancy, the enforceability of a VIEā€™s contractual arrangements is unproven in Chinese courts. With VIE-listed companies, foreign investorsā€™ recourse in the Chinese legal system is as elusive as a catfishā€™s whisper.
Yeah, but thatā€™s unlikelyā€¦
Sure. Of course, Iā€™m not saying every Chinese stock will have these issues. But it can happen. And it has happened.
The unlucky case of Luckin Coffee
Due to the lack of compliance with international audit inspections, Chinese corporate financial statementsā€™ reliability for valuation and investment is not assured.
Such is the case of Luckin Coffee. In a bold bid to capture Wall Streetā€™s hearts and wallets, Luckin Coffee showed up dressed in finery, flaunting alluring figures of revenue, operations, and bustling customer traffic.
At her grand debut, the stock sashayed onto the Nasdaq at $17, swirling up a storm of interested buyers to the tune of $561 million in capital.
For a fleeting moment, Luckin shimmered like a star over the financial firmament, boasting a market capitalization that soared to a heady $12 billion, with shares peaking just over $50.
Ah, but as the adage goes, ā€˜Truth will out.ā€™ And out it cameā€”the revelation of those embroidered numbers caused the company's stock to plummet like a stone tossed from a bridge, leaving a wake of investor losses and culminating in a disgraceful delisting from Nasdaq 13 months after her debut. Luckin Coffee Drops Nasdaq Appeal; Shares to Be Delisted
šŸ–¼ļø I would've added an AI-generated image of a cup of Luckin Coffee jumping from a bridge, but I'm only allowed to include one attachment.
Wellā€¦ but that wonā€™t happen to meā€¦
Uh-huh. On April 2, 2020, after announcing that employeesā€”including its chief operating officerā€”falsified 2.2 billion yuan (about $310 million) in sales throughout 2019, Luckin's shares nosedived -80%.
This is from one of you unluckin bastards: I've lost 240k on Luckin Coffee, all my life savings. Now I'm broke af.
Iā€™m sure many of you might reckon yourselves immune to a similar debacle since you think youā€™re smart enough to use stops to escape any runaway losses. It's time to wake up and smell the Luckin coffee. Chinese news catalysts often strike like lightning at night, and the stops you set under the sun cannot shield you from storms that explode in the moonlight. Dumbass.
Chinese regulators can be mercurial
Even though the PCAOB is currently able to perform its oversight responsibilities, concerns remain around the possibility that Chinese regulators might backtrack, potentially clamping down once again on the PCAOB's ability to access audit firms and personnel across mainland China and Hong Kong.
If that happens, the PCAOB can quickly declare a negative determination. HOWEVER, this action would only start the countdown under the HFCAA, giving U.S.-listed Chinese companies a window of TWO years to secure services from an auditor in a compliant jurisdiction or face a trading ban. Thatā€™s it.
Of course, within that time, Chinese regulators could agree once again to allow access to the PCAOB, thus resetting the two-year countdown without significant consequences.
What lurks in the shadows
Although the risk of PCAOB non-compliance looms over these financial engagements, it is the ghost of potentially misconstruedā€”or, let's say, creatively presentedā€”earnings reports coming to light that should scare you most. Or, on the flip side, present the biggest opportunity.
I believe it is possible that there are several ghosts out thereā€”ghastly financial figures dressed up a tad too finelyā€”lingering in the shadows, unchecked and unchallenged. If theyā€™re found and unveiled under the harsh spotlight of scrutiny, the fallout would be immediate and severe, leaving investors scrambling.
And if that happens, itā€™s not about diamond-holding through the plunge since the company might opt (or be forced) to delist from the U.S. exchanges.
šŸ–¼ļø I would've added an AI-generated image of an attractive young Chinese ghost woman, implying both the allure of Chinese stocks, but also the risk of getting closer. However, I'm only allowed to include one attachment.
You need to understand a crucial concept. Many traders believe that if a company messes up, plunges, and gets delisted, it means the company is basically overā€”dead. But thatā€™s not the case here. A delisting does not equal death.
I mean, Luckin Coffee is still out there, alive and kicking.
16,218 stores and counting, covering 240+ cities across China.
You would think that a company like that would not be able to cheat on its balance sheet. Yeah, just like you would think PwC China would notice 1,000 accountants cheated their way through the U.S. auditing curriculum.
šŸ–¼ļø I would've added an AI-generated image of a Chinese accountant dabbing like a boss for getting his cheated accounting diploma, but I'm only allowed to include one attachment.
Soā€¦ is it too far-fetched to believe more ghosts might come to light, now that the PCAOB can supervise the numbers?
I mentioned a flip side since you could specialize in tracking everything the PCAOB does. If you can get a whiff about increased auditing on a certain company, you might decide to play a short position in anticipation of a potential ghost coming to light. Be warned, though, that itā€™s not as if they tweet out which companies theyā€™re auditing.
If I were to do it, I would research and join whatever digital saloon young Chinese ledger-keepers convene in. Perhaps Iā€™d stumble upon a post by SumYungGuy or another pleading for advice on how to parley with the PCAOB Laowai making a fuss over his figures. The poor lad's in a pickle, you see, since he cheated the exam and doesnā€™t know squat.
Methodology
For the purposes of this table, a company is considered Chinese if:
  1. It has been identified as being from the PRC (the People's Republic of China) by the relevant stock exchange;
  2. It lists a PRC address as its principal executive office in filings with the SEC; or
  3. It has a majority of operations in the PRC, including a company structured offshore but whose value is ultimately tied through a relationship in the PRC.
āš ļø Some Chinese companies that use offshore corporate entities hide or do not identify their primary Chinese corporate domicile in their listing information. This complicates tracing, making it difficult to guarantee that this list captures all Chinese companies registered offshore.
I should also point out that this list does not include companies domiciled exclusively in Hong Kong or Macau.
āš ļø Remember, this list only considers Chinese companies listed on three of the largest U.S. stock exchanges: New York Stock Exchange (NYSE), Nasdaq, and NYSE American.
Oh, and btw, this isnā€™t a list I came up with. This info was compiled by the U.S.-China Economic and Security Review Commission. Itā€™s their methodology and list.
Since the majority is a VIE, Iā€™ve marked the ones that are not registered as a VIE with an asterisk (*). This is determined using the most recent annual report filed with the SEC. A company is judged to have a VIE if:
  1. It explicitly describes using a VIE to conduct all or part of its business operations in China, or
  2. It describes a subsidiary in which it has no direct equity interest but relies on contractual arrangements to exercise control and receive economic benefits from its operations in China.
āš ļø For companies that have been listed for less than a year, information contained in the companyā€™s most recently updated investment prospectus, as filed with the SEC, is used instead.
Chinese companies listed on U.S. exchanges
Companies are arranged by the size of their current market capitalization. All companies utilize a VIE corporate structure, except those marked with an asterisk (*).
BABA Alibaba Group Holding Limited PDD Pinduoduo Inc. NTES NetEase, Inc. JD JD.com, Inc. BIDU Baidu, Inc TCOM Trip.com International, Ltd. TME Tencent Music Entertainment Group LI Li Auto BEKE KE Holdings BGNE BeiGene * ZTO ZTO Express (Cayman) Inc. YUMC Yum China Holdings Inc. EDU New Oriental Education & Technology Group, Inc. HTHT H World Group Limited * NIO NIO Inc. YMM Full Truck Alliance Co. Ltd VIPS Vipshop Holdings Limited TAL TAL Education Group LEGN Legend Biotech * MNSO Miniso * BZ Kanzhun Limited XPEV Xpeng BILI Bilibili Inc. IQ iQIYI, Inc. HCM HUTCHMED (China) Limited * ATHM Autohome Inc. QFIN Qifu Technology RLX RLX Technology LU Lufax ATAT Atour Lifestyle Holdings * WB Weibo Corporation ZLAB Zai Lab Limited * ZKH ZKH Group Ltd * YY JOYY Inc. GOTU Gaotu Techedu, Inc. MSC Studio City International Holdings Limited * GCT GigaCloud Technology Inc GDS GDS Holdings Limited ACMR ACM Research, Inc. * HOLI Hollysys Automation Technologies, Ltd. * FINV FinVolution Group JKS JinkoSolar Holding Co., Ltd. * DQ Daqo New Energy Corp. * MOMO Hello Group Inc. CSIQ Canadian Solar Inc. * EH Ehang TUYA Tuya Inc. NOAH Noah Holdings Ltd. HUYA HUYA Inc. KC Kingsoft Cloud YALA Yalla *
These are only 51 of the 261 Chinese companies currently listed on the major U.S. exchanges to comply with rule three. I kept the market cap minimum at $750M to allow for some wiggle room.
I mentioned earlier that the U.S.-China Economic and Security Review Commission had 265 tickers, but that was on January 8, 2024. Since then, three companies have been acquired, and the other one has voluntarily delisted.
As you can confirm, the vast majority is structured as a VIE.
I was going to include charts to illustrate how several Chinese stocksā€”aside from the ones with the biggest market capsā€”tend to display sudden rallies, followed by after-hours reversals. It is important to recognize them, whether you want to capitalize on them, or avoid them entirely. But I can't add any more attachments, so...
Besides, it's unlikely that many of you have even read this far without images.
Have a good day.
submitted by AlfrescoDog to wallstreetbets [link] [comments]


2024.05.13 23:19 Hungry_Claim_4150 Have I been manipulated?

To start off with I live in a house share of 3 individuals and a dog. One flatmate is extremely antisocial and I am trying to figure out if I have been gaslit.
To give some context Iā€™ve been living with my flatmates partner against my will since September 2023. Both me and my other flatmate tried to make clear we were uncomfortable about this months ago. He is extremely messy and had previously punched other men whilst drunk on more than one occasion. We gave these as reasons for us not wanting to be left alone with him in the house. Instead he was given a house key and it took months for this to be readdressed, any discussions we had were forgotten and messages we would send were ignored. In April 2024 we have been told his housing situation was ā€œtrickyā€ and that the flatmate in question needed him here as he was her only support system. She did not give the option of him moving out but instead told us he might be moving out in May 2024. In those 6 months we have been forced to pay his food bill for weeks (we previously had a communal food supply and had to separate and label our food because she kept feeding him without any contribution ) We have had to clean up continually for them both (both of them are very messy and often left spaces needing to be cleaned before being used.) We are told that because food is now separate bringing this up as an example of her disrespect is unacceptable. I have brought up that it is still extra labor in having to clean more often, and spend more money for cleaning products and was told that isnā€™t true and that they contribute fairly ( Since discussions of us feeling extremely used he has occasionally replaced coffee and toilet paper, paid bills once as of April 2024, does the dishes and occasionally does the bins) we are the ones doing most of the cleaning and always have done so this is an unfair split of labour in my opinion (the dog is also hers so we are cleaning up after 2 adults and a dog)
Neither of them have attempted to communicate over anything, my flatmates partner turned up one day with his dad and moved his things, when I told my flatmate this was not cool they laughed in my face and made a dismissive joke. Neither of them communicated to us that he had been thrown out of his previous house and would be living here. We would just find him in the house when we were under the impression we were home alone.
I realise I could have spoken to him directly, but for some reason was convinced that it would be snakey towards my flatmate to confront him and ask him why he felt so comfortable to dump his labour onto myself and my other flatmate as a 28yr old grown man, so instead everybody in the house just avoided each other with a very passive aggressive environment, in which we all participated in silent treatment. At its peak myself and the flatmate in question would be shoulder barging each other, which is very toxic and sad.
So far the reason given for him not ever cleaning up after himself was that he did not think it would be appropriate and we created a passive aggressive environment. ( We were very angry in this period, I myself even snapped on occasions where I raised my voice at my flatmate saying cruel things which I am ashamed of. This was in response to me feeling as though I was being used as a personal maid)
To give some more context to my own shitty behaviour spaces in the house were regularly left to a point of being unusable, unless we did it ourselves. This involved a months long flea infestation that was so severe you could not be in the house without being jumped on, we repeatedly tried to address this until the point we just dealt with it ourselves. I have had my TV broken when my flatmate was partying with friends which took months to even be acknowledged and not be told that it was not the right time to ask about it. Myself and my other flatmate have had to buy a separate fridge as we literally could not get our food into the houses shared fridge because we were left little space and were still having to regularly clean out others mouldy food. The dog is extremely reactive, he has anxiety and is often only given 2 or 3 short walks a week and spends the majority of his time in one bedroom, so being in the house with him means constant barking and he has been quite destructive. For months she would leave her dog whilst out partying and ignored all messages trying to bring up this forced labour.
Around this time something in me just broke, I actively tried to be petty and use a tit for tat mentality in how I treated her. This involved a lack of care for her items, refusing to do any labour for her, separating every single little thing, giving each other silent treatment. My OCD had been badly triggered after living in a flea infested house, this caused me to go into overdrive with cleaning where I would snap at any little mess. This was too much from me and it was a little controlling, but the situation was then reframed as me being ā€œcontrollingā€ and not allowing my flatmate to ever relax in their house, rather than ever returning to the original upset of forced labour.
(I am going to give an example of a game she enjoyed playing with me here to try and explain what I feel has been done to me. She used to come over and start playfully hitting me, she would then ignore me saying no or stop, then when I blew up she would say donā€™t talk to me like that and frame it as me being angry and shouting at her inappropriately. I have had to address this with her and she has not played this game with me again, but Iā€™ve seen her do it to someone else since and laugh in their face whilst visibly upsetting them, so I know they still enjoy doing it to others. Though just a silly game, this comfortability with ignoring a no and their ability to genuinely convince herself she hasnā€™t been given a boundary is one that bleeds into real life. )
On one occasion during an argument regarding labour I shouted at her to ā€˜fuck off back to neglecting your dogā€™ and Iā€™m sure there were other things I probably said in an attempt to hurt her as much as I was hurting. I take zero pride in this and am deeply ashamed that I lowered myself to that behaviour. She herself belittled me in front of shared friends telling me ā€œyou never do anything for me you only do things for others you do nothing for meā€ over and over until I left the room. We had a huge row where she came down mid shower (as the hot water goes if multiple taps are on) whilst I was doing her dishes as the kitchen was a complete shit hole. I then told her no Iā€™m not going to stop because i need to use my kitchen, and she told me i was disgusting for banning her from showering I told her she was disgusting for leaving the house as she did (Iā€™m not exactly sure my exact words) she then told me ā€œā€˜theres no room talking to you when ur like thisā€. Neither of us were right in this but I am giving it as an example of how toxic it is in the house.
A few days following this I said that if she refuses to discuss anything when she is leaving the house unusable for others and her partner is freeloading that I would report her to the landlord (I am not working on logic at this time but because I have been in fight or flight for months) she then told me it was disgusting to threaten her with homelessness and that she would never do something like that to me. I did not mean it as an intimidation tactic or maybe I did Iā€™m not sure, itā€™s hard to think logically after being ignored over months.
After the threat I made to contact the landlord we discussed all of this, some of which she acknowledged, we both made an effort to apologise. However she tried to diminish the labour her and her partner purposefully used us for, would not give specifics about him moving out, and refused to apologise for belittling telling me she did not remember and it is not something she would ever say so she doesnā€™t know what I expect her to do. They told me I was not paying extra or doing more labour with an additional person living here. They have since cleaned the garden of bags of shit and dirty underwear that were left out for months, and made small efforts to be cleaner. However most of the house labour still falls onto us. (Some more context they very recently were injured and no longer can clean right now. This I understand completely however I would be lying if I didnā€™t feel burdened and obligated to now have to do that labour, or to help them with basic tasks when I can barely look at them without feeling sick, also I am still doing labour for her partner).
We have tried to meet her on every level for a very long time, previously we have had discussions about asking her when she is free rather than just dropping things on her, using a house chat, using a cleaning chart. We have tried to compromise and she has ignored all of these after agreeing to them. When I have gone to ask if she is free I have had her snap ā€˜what nowā€™ I have seen her roll her eyes to others regarding a cleaning chart she agreed to because others were tired of cleaning for her, ignore all messages in the house chat.
My property has been repeatedly damaged or not taken care of as has others. Iā€™ve had to spend over Ā£100 easily. I am so tired of being ignored, laughed at or given no response at all to continual lack of consideration for others and their boundaries. My reactivity does need to be worked on, yes. However theres only so far people can be pushed before they snap, and Iā€™m terrified that Iā€™m going to break again.
When Iā€™ve discussed this with others who have lived with her to see if they noticed this pattern of behaviour they knew exactly what I was talking about, which worries me.
To sum up I do not feel safe in this house, my back is permanently against the wall as I am just waiting for the next boundary violation at this point. This has already happened in truth as we recently received a letter saying we were overdue for council tax which threatened court if not paid off, I paid off mine and I didnā€™t bother to ask my flatmate to send over the remaining owed money as I am fed up of having all communication ignored and did not want to wait for her to be bothered to send me the money. If there is something that needs her attention you often need to ask for it to be done over and over which again is labour in the first place. As far as Iā€™m aware this bill is still overdue as I have been completely ignored regarding it.
I do not think she truly realises that she has deeply traumatised myself and my flatmate through giving us no autonomy over who lives in this house or leaving us to care for her dog. My OCD is still pretty bad and being in this house or around her makes my skin crawl. So I guess I am wondering if I have been gaslit? Taking my own toxic behaviour into account I do not know whether I can criticise her or if I am being hypocritical in labelling her as toxic. My memory is too foggy to remember a lot of what has actually happened, but I have this of strong feeling of disillusionment that will not leave. I am stuck in this house until October 2024, and I am trying to just get on with it, but I canā€™t stop obsessing over what has happened, sometimes itā€™s all I can think about. I feel too guilty or snakey to contact the landlord as she is a longtime friend and I am afraid she will badmouth me to others if I do so. Is she right that it would be controlling to contact the landlord? I guess I just need to know from someone unaffiliated if reporting her (whilst she is injured and also experiencing a bereavement) after weā€™ve tried to make amends makes me a cunt? Or if it means Iā€™m just trying to survive?
Thanks to anyone who took the time to read ( I know its a long one šŸ™„)
submitted by Hungry_Claim_4150 to Manipulation [link] [comments]


2024.05.13 23:19 WantLessSufferLess Cabin layouts the same Resilient vs Scarlett Lady?

I think the answer is yes, but we booked an XL terrace ( #11338 Z) on The Resilient Lady, and I want to make sure it is one with the glass wall on the balcony and the hammock.
I found a YouTube video https://www.youtube.com/watch?v=gCajl0m3_Pk with the same exact same cabin number on the Scarlett Lady, and it looks correct. I just don't want to get one of the ones with the metal wall and the bird cage swing.
Thanks for any help.
submitted by WantLessSufferLess to VirginVoyages [link] [comments]


2024.05.13 23:18 Weathers_Writing I had really bad stomach cramps as a child. They recently started up again.

Content Warning:Mentions of Child Abuse & Gore
They called me a colic baby, meaning I was a seemingly healthy baby that was distressed for an unknown reason. The fits of crying mostly dissipated by six months, but they'd crop up every now and then into toddler-hood. When I became capable of babbling a few words, I would summarize my pain in a few words: belly hurt. Belly HURT!
My parents didn't have much money, but they took me to the doctor for a checkup anyway. After running a physical exam and blood test, they determined that I was merely an excessively gassy little girl and should probably eat a more gut-friendly diet. They also prescribed some medicine which would eliminate the gas and relieve my pain.
It was from that moment on that my parents gave me the nickname "Gas Girl" (which I despised). The name stuck for several years, and anytime I'd get a little stomach ache my mom or dad would say, "uh, oh. It's not Gas Girl returning, is it?" I'd glare at them with my arms folded and pout, saying, "I'm not Gas Girl. I'm Wonder Girl!" My parents would share a look, then burst out laughing. Just as I was about to shout a retort, my dad would open up his arms and bend down in that familiar pose which signaled liftoff, and all my childish rage detached like a racing sticker as I leaped into my dad's arms and he flew me around the living room shouting "Who is it? It's Wonder-girl! Here to save the day from Gas Girl!"
Anyway, just as the nickname wore off, the pain returned. I was about 7 or 8 when I had my first big episode. I was in second grade, and the class was cutting out shapes. The pain came on so suddenly I remember lurching back and falling out of my seat. The next few hours were a blur of adults: my teacher, the nurses, the principal, my parents. I remember how cold and alone I felt despite being surrounded by grown ups, and my stomach hurt so much I was crying pretty much nonstop.
My dad bought a bunch of OTC medicine to try and settle what he thought was a really bad gas episode. My mom laid at the side of my bed and did bicycles in the air with me. Hours passed in pain as my adolescent imagination conjured up images of an evil little elf blowing thousands of bubbles in my belly. I consciously pictured myself popping them, but every time I did, more were blown. My dad scheduled a doctor's appointment for the next morning, and my mom stayed at my side until I was able to fall asleep sometime late in the night.
I dreamed vividly a horrific nightmare. I was strapped to a black, metal box. A surgeon donning blue scrubs with white gloves and a mask entered the space in my peripheral vision. The air was cold but crisp, as if every bit of dust had been scrubbed out of existence. I could feel my breathing, my heartbeat, even my skin. The doctor stepped forward and I could see the distortion of a smirk in the folds of his mask. I expected him to say something, to tell me what he wanted, but instead he lifted my shirt so my belly was exposed. "It's cold", I said in a mumbly voice. He lifted his hand in the air, and I saw behind it off in the back of the room was what looked like the glass wall of an aquarium. I was confused for a second, but only a second. The surgeon plunged his hand into my stomach like a spear, splitting through the flesh as if it were the skin of a ripe fruit. The previously silent man began to cackle like a maniacal villain as I nearly passed out from the pain. I felt his fingers swimming through my guts like parasitic worms. My body shook as cold sweat and blood began to ooze from my pores. I wanted to scream but I couldn't make a sound. I could only lay there, paralyzed, as the evil doctor explored my insides.
Somehow I lost consciousness in the dream, but when I woke up, the memory came flooding back, and I screamed with all the force of a thunderstorm. My parents skipped the appointment and rushed me to immediate care, but by the time we arrived, the pain was gone. I explained my dream to the doctor, but he said it was normal to dream up reasons for the pain. They recommended a CT scan to screen out the possibility of an ulcer or internal bleeding. Despite my parents' scarce savings, they agreed to run the test. However, something deeply entrenched in my mind thought of the dream with the surgeon and I protested. "I don't want a test!" I screamed. "But, honey, how are we going to know what's wrong?" replied my mom. "Nothing's wrong now. I don't want a test."
Looking back now on my persistence, it should have been obvious that there was something wrong with me, but my parents, who were thinking of their finances, allowed themselves to acquiesce to my demands. The pain would continue into and throughout my teenage years, and the one benefit that I can credit to it was that it taught me how to endure pain and hide it well before puberty started. Compared to my childhood cramps, period cramps were around a B+. Very bad, but not end of the world bad. However, they'd stick around more reliably, and eventually the two began to combine until I could no longer discern between them. Occasionally I would have a nightmare and wake up with a pain that was a little higher in my stomach, almost approaching my chest, but it would always disappear by breakfast time, and the chaos of a teenage girl's life would once again reassert itself in the form of an outfit that didn't look quite right or the memory of every word of a conversation with a guy I liked or how my teacher was out to get me. Basically, I had become normal.
And then two weeks after I turned 16, my dad passed away from heart failure. Apparently the stress from a paycheck-to-paycheck life in sales added onto a bad diet and a penchant for alcohol was a recipe for disaster. He was only 49. I was crushed.
The weeks and months following his funeral were filled with teenage anger and resentment. I directed most of it at my mom, who I held accountable for not being strong enough to step up and help with the bills. One day, when I was searching the drug cabinet for some painkillers to deal with some bad cramping, I noticed a new prescription for a drug with a really long name. I looked it up. It was an antidepressant. From that moment on I stopped giving my mom shit, but I grew a bit distant from her. I started spending a lot more time with my friends. I became reckless, adopting a drinking habit and unsafe sex practices. I smoked a bit but I didn't really like it. I guess I was just trying to find a way to move on, as naive as it was.
Fast forward to my present situation, and I'm a college student. A junior to be exact. I ended up scrounging up enough money from working two restaurant jobs to see a therapist on my own dime, and managed to make peace with my mom before leaving. We both talked out all of our trauma and cried together, and from that moment on, I haven't had a drink. About six months ago I got on the pill. I was starting to see one guy consistently and I wanted to be safe, but also I wanted to know what it felt like to not have stomach cramps anymore. It was freeing. I remembered my dad lifting me up into the air as a child, and I figured it kinda felt like that. I still cry thinking about him, although I don't let anyone see.
Anyway, about a week ago I started having really bad pain again, but this time it was in my chest. I would wake up in my apartment (I share a 3-bedroom with some friends from the college) with heart palpitations. My heart felt like a snake had wrapped around it and was trying to choke it out. The pressure would give way to a burst of fast ba-dum's, then settle, then start again. I remembered my dad's prognosis and started to get really scared, so I scheduled an appointment with the on-campus doctor for the next day through the online health platform.
They told me that chest pain is no joke and scheduled to have me scanned at a nearby hospital. This was four days ago. My boyfriend, Kevin, drove me there even though I said I'd be fine going alone. I think I already knew our relationship wasn't going to work out long term, so I was kind of checked out. I felt bad about it though because Kev is actually a really good person, but our personalities just don't match. He's very introverted and doesn't like to go out, whereas I thrive in group settings. Anyway, he drove me and I ended up getting an X-ray. The doc came in to share the results and I was immediately put off by the dubious expression on his face.
"What do you mean the images are blurry?" I asked.
"Well, it's justā€¦ that. They're blurry. It's very unusual for this to happen unless you have a pacemaker or some other device implanted. Do you know if you have something like that?"
"No, never," I said with a quaver in my voice. For some reason I thought back on my childhood dream with the surgeon and felt the urge to vomit.
"Well, let's run a CT scan and see if we can make anything out." He soothed.
Normally the CT and MRI dock was booked for a week out but the doctor happened to have an open space for me that same morning, so I waited about an hour and then got in the big tube machine that took pictures of my chest and abdomen. He said he should have the results by Thursday. That was Yesterday.
I was driving onto campus for my 9AM class when I got the call.
"Hello, this is Dr. **** calling for Josie **** ." (names redacted for privacy reasons)
"Oh, yes, this is Josie," I said and fit the phone between my shoulder and ear as I tried to find a comfortable posture."
"Yes, hello," the male doctor said in grave way which made me feel like this wasn't going to be a short call. "I wanted to see if you were available to come in today for some more tests."
"More tests?" I asked. "What about the first ones?" Images of blocked heart valves and cancer presented themselves on my mental screen.
"Yes, well, I wanted to discuss the results with you in person. There was a bit of a ā€¦ well, an inconsistency, and I didn't want to upset youā€”"
"Upset me!?" I blurted, my free hand flying out over the steering wheel, swerving my car toward the curb. I corrected, then lowered my voice, "sorry, I don't mean to be ā€¦" be, what? This is completely absurd. "Could you at least give me some indication of what's wrong with me? I'm just kind of panicking here."
The doctor was quiet for a moment, then returned. "Sorry, Josie, I didn't mean to spook you. Both the X-ray scan and CT scan are picking up interference which is unusual. It's possible it's just a flaw on our end, so that's why we wanted you to come back inā€”to do an MRI and really verify what the issue is. This one would be free of charge and we'd get you results same-day as we feel bad about the issues with the machinery. Do you think that would be possible?"
I took a deep breath. I still felt uneasy, but at least now there was some kind of explanation I could lean on. "Okay, yeah, I can come in. I have class until 9:50AM, but I can drive over after and be there around 10:15, 10:20-ish. Would that work?"
"That would work great. We'll see you then."
I spent the whole of my communications class thinking about what could be wrong with me, doodling my ideas down on a notebook. Heart disease. Cancer. Some kind of peptic ulcer. Maybe it was the pill? The drinking? Was this some kind of cosmic retribution? I didn't know.
An hour later I was back at the hospital. I expected to be ushered into the MRI prep room, but instead I found myself in one of the normal patient rooms, sitting upright on a bed. The nurse did the preliminary height and weight measurements and medical history. I asked about the MRI, but all she said was that the doctor will discuss that with me. Before she left, she handed me an assessment to fill out. It seemed to be a list of questions about the medical history of my family, specifically about our mental health. Does your family have a history of Schizophrenia? Have there been any instances of domestic abuse? Did you have vivid nightmares as a child? Etc. I marked the boxes, then set the clipboard down.
At last I heard the fated knock on the door, and my doctor came in holding an Ipad. The door was only open for maybe a couple seconds, but I could see multiple nurses and technicians peeking their heads in my direction, as if they were trying to catch a glimpse of me. That can't be good.
"Hello, Josie," the doctor said and clicked on the little TV screen. He didn't even look at me. I could see dried sweat along his hairline.
"What's happening? I thought I was going to get an MRIā€¦"
"Well, actually we aren't sure if that's the best course of action." the doctor said as he clicked the screen and pulled up a series of images.
"Can you look at me, please?" I snapped.
The doctor raised his head and tilted it in my direction. His mouth was agape, his eyes wide as if only realizing I was here at that moment. "I'm sorry, Josie." He took a deep breath, preparing some kind of canned presentation, then let it out and said, "It's just easier if I show you." He pulled up the first global image from what I presume was my CT scan. It was a front-shot. I could see my organs as little geometric shapes andā€”
"Wait, what is that?" I asked, pointing at the screen.
"Thatā€”is the problem."
I spent the next minute just staring at it. Somehow, in between all of the organs, there was some kind of cylindrical massā€”I thought it was my spine at first but quickly realized it was too wide and there weren't any vertebraeā€”and at the head of the mass was, very clearly, a hand.
"What the fuck is that" I said in a tone that was at once forceful and pointed.
"It appears," the doctor started, looking away again. "It appears that there is a mechanical hand in your chest cavity. It's attached to a piece of a forearm that begins at your stomach, here," he pointed, "and continues up until, well, it appears to be holding your heart."
Ten seconds passed in silence. Then I was hit with the equivalent of the laughing gas they give you at the Dentist's office. All the blood in my body surged to my forehead and I felt light as the very thin hospital air. "Hahaha!!! You expect me to believe that? What kind of fucking clown-show hospital is this? Am I at the circus?' I stood up and started toward the door. The doctor body blocked me.
"Please, Josie, that isn't it."
"Oh?" I said sarcastically. "Please, do tell."
"Could you haveā€”oh, okay, okay,, let me explain."
I stood there with my arms folded, unrelenting.
"When we first had you do the X-ray there was a big blur. It was clear that something was blocking us from seeing the image. The CT scan was able to take some actual pictures of it. I know it seems, well, unusualā€”"
"Wait, what the hell is that?" I asked, gesturing toward the clipboard.
"What?" The doctor looked disoriented.
"Those questions. Are you trying to insinuate that my mom and dad implanted some kind of mechanical hand in my body?"
"No," the doctor raised his hands. "We were just trying to gather some more informationā€¦ Josie," the doctor said as I once again headed for the door handle. "Please, there's more. From the blood test we conducted it seems that you're pregnant."
I was so done. "I'm on the pill, asshole." I sneered and swung the door open, ignoring the sets of eyes trained on me as I scurried to the end of the hall, ran outside, and climbed into my car. I expected to see a bunch of people in white coats running after me, but there was no one. I started the car as tears began to stream from my eyes. Fuck them, I thought and sped out of the parking lot.
I couldn't return to my apartment. I ended up driving for hours, working my way back to my hometown. I spent a long time thinking about all the things I had experienced growing up. The stomach pain, slowly working its way up to my chest. The vivid dream of the surgeon feeling around my guts. Was it really that crazy to think my body was trying to tell me something? Why had I decided against having a CT scan all those years ago? Why now? I didn'tā€”couldn't believe what was happening to me. But was that just because I didn't want to believe it?
And then there was the pregnancy. I was definitely on the pill. I knew it wasn't Kev's, or at least I was pretty sure it wasn't. We haven't been having sex for a little over a month now. But did that mean that something else didn't impregnate me? My paranoia was at its peak. I considered the possibility that maybe it was me that was Schizophrenic. None of this made any sense. I wanted my dad. I missed him. I considered going to see my mom, but despite making up with her, I still didn't feel close enough to her to own up to everything. I wanted to be aloneā€”needed to be alone.
I ended up getting a Motel about 10 minutes away from my house. It was around 1AM when I finally opened the door to my room and laid down on the bed. After hours of thinking, a single thought occurred to me like a kind of defense mechanism: if I really am pregnant, I'm not keeping the baby. I want it out.
Just as I was drifting off to sleep, I heard the notification sound go off on my phone, which was odd since I was sure I had set it to vibrate. I turned and grabbed it, unplugging it from its charging dock. I had received a text message from an unknown, 5-digit number: 66669. This is what it said.
66669: If you terminate my baby, I will crush your heart.
***
I haven't been able to sleep since. It's now 6AM and I've drafted this as a cry for help. Please, let me know what you think I should do. I'm too "in it" to see the details clearly. I feel alone and scared and paranoid. Someone or something is watching me. Maybe it has been my whole life.
submitted by Weathers_Writing to nosleep [link] [comments]


2024.05.13 23:12 SuperMandolin Seeking Ethernet wiring advice for European apartment

Seeking Ethernet wiring advice for European apartment
Recently I moved in to a relatively new apartment in central Europe and I am thinking about connecting some rooms with Ethernet cables but without damaging the walls if possible.
I noticed that the mains electrical panel already has a patch panel installed (picture 1) but without any ethernet cables wired (except for one). Instead there are single copper wires going up the tubes (picture 2) which then end up in the various rooms, in sockets that are empty (picture 3).
My assumption is that I can tie an Ethernet cable in one of those single copper cables from one room and just pull it from the mains panel. So far I've searched online for quite some time, but all information I can find is mostly about USA homes with drywalls and nothing similar to my case.
Has anyone seen this before? Do you think my assumption is correct and that I can just "fish" an Ethernet cable by tying/pulling it across? Should I take anything else into account?
More info: The width of the tubes are roughly 10-15mm. Also in picture 2 the leftmost cable is actually an unterminated Ethernet cable that ends up exactly in the opposite wall of the mains panel (which makes it almost useless since it's in the same room/corridor). With the exception of this and the TV coaxial cable all other tubes, each have a single solid copper wire.
Thanks in advance for any relevant advice. I've been second guessing myself for the last couple of days on what am I supposed to do with these empty sockets in the rooms.
submitted by SuperMandolin to HomeNetworking [link] [comments]


2024.05.13 23:06 miggymiggoman Our television pilot produced in Birmingham with entirely local talent has passed 6 thousand views on YouTube! Check it out if you enjoy a dark off the wall comedy. Help us get more traction to continue making more episodes

Our television pilot produced in Birmingham with entirely local talent has passed 6 thousand views on YouTube! Check it out if you enjoy a dark off the wall comedy. Help us get more traction to continue making more episodes submitted by miggymiggoman to Birmingham [link] [comments]


2024.05.13 23:04 Unique-Fortune2039 $STONKE - following the Roaring Kitty Hype

$STONKE - following the Roaring Kitty Hype
Roaring Kitty is back, GME went up, both on NYSE and on Sol.
Next low market cap gem is about to explode!!
$STONKE brings 2021 good times back
9fAMnrDgkP4WziKeX5wsh6XLMgrkypbE99YgdToh9GJ9
submitted by Unique-Fortune2039 to memecoins [link] [comments]


2024.05.13 23:02 bobthehermit How did ChatGPT Do?

I can't afford a plumber. I'm taking on this project on my own. I consulted the usual YouTube and other online forumns. But this time I also consulted ChatGPT. How did it do?
Here's the project. I'm replacing the sink in my bathroom. The P-Trap is from the 70s. It's a 1 1/2 in pipe. My p-trap kit is a 1 1/4.
Anyway, here's what the bot told me:
I understand now. You have a 1 1/2 inch pipe coming out of the wall, and you need to connect it to a 1 1/4 inch P-trap kit. To do this, you will need a reducing adapter to transition from 1 1/2 inch to 1 1/4 inch. Hereā€™s how to do it:
  1. **Materials Needed**:
  1. **Steps to Connect**:
  2. **Prepare the 1 1/2 inch Pipe**:
  1. **Install the Reducing Adapter**:
  1. **Secure the Reducing Adapter**:
  1. **Connect the 1 1/4 inch J-Bend**:
  1. **Complete the P-Trap Assembly**:
  1. **Check for Leaks**:
Hereā€™s a quick list of materials and tools you might need:
By using a reducing adapter, you can effectively connect your 1 1/4 inch P-trap kit to the 1 1/2 inch pipe coming out of the wall.
submitted by bobthehermit to Plumbing [link] [comments]


2024.05.13 22:58 kitterskills Difference between 925B and 922B string trimmer

Hello friends, I have a 20V Dewalt set(drill, impact, leaf blower, circular, multi, etc, etc) and I'm looking to add a string trimmer to help around the driveway/wall area in my yard.
After reading some reviews on the 20 vs 60, I've decided I don't need that level of power. I'm looking at buying the tool (found an open box for $100 tool only on eBay) and adding a 5AH battery(new) or two to my collection.
I've found a few models available 922B vs 925B. The biggest difference looks like the string extension press button on the bottom. But I'd like advice on the differences and which one is newer?
Thanks!
PS - Also, special request but not top of my list just yet. How valuable is the metal brush cutter? Are there plastic blades available? I saw a YouTube video of someone that put a plastic push-n-load blade trimmer head on a dewalt and it worked pretty well.
submitted by kitterskills to Dewalt [link] [comments]


2024.05.13 22:57 daigana LET'S FUCKING GOOOO

Sauce: https://ca.finance.yahoo.com/news/roaring-kitty-back-meme-stocks-125356655.html
Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021 The Canadian Press Mon, May 13, 2024 at 11:12 a.m. PDTĀ·4 min read
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of thee quirky and volatile shares sharply higher Monday.
Keith Gill, better known as ā€œRoaring Kitty,ā€ posted an image Sunday on the social platform X of a man sitting forward in his chair, a meme used by gamers when things are getting serious.
He followed that tweet with a YouTube video from years before when he championed the beleaguered company GameStop saying, ā€œThatā€™s all for now cuz Iā€™m out of breath. FYI hereā€™s a quick 4min video I put together to summarize the $GME bull case.ā€
ADVERTISEMENT
GameStop in 2021 was a video game retailer that was struggling to survive as consumers switched rapidly from discs to digital downloads. Big Wall Street hedge funds and major investors were betting against it, or shorting its stock, believing that its shares would continue on a drastically downward trend.
Gill and those who agreed with him changed the trajectory of a company that appeared to headed for bankruptcy by buying up thousands of GameStop shares in the face of almost any accepted metrics that told investors that the company was in serious trouble.
That began what is known as a ā€œshort squeeze,ā€ when those big investors that had bet against GameStop were forced to buy its rapidly rising stock to offset their massive losses.
At Monday's opening bell it appeared that Gill had reignited the phenomenon as shares of GameStop more than doubled. At midday, shares were trading 60% higher. It's the biggest intraday trading jump for GameStop since the meme craze of early 2021. Other meme stocks like the theater chain AMC were jolted higher as well.
Trading in GameStop was halted eight times before noon on Monday due to volatility.
Gill became a cause cĆ©lĆØbre in 2021 after his posts on the Reddit subcategory Wallstreetbets ignited a David vs. Goliath battle with large hedge funds that were betting heavily against the survival of GameStop.
The small guys won, at least for a while, driving shares of GameStop up more than 1,000% in 2021 and other meme stocks as well. The struggling movie theater chain AMC jumped 2,300% in a very short span of time in the same year.
Some big traders posted collosal losses as GameStop raced from less than $20, to close to $400 each. Citron Research, Melvin Capital and other well-known hedge funds lost an estimated $5 billion, according to analytics firm S3 Partners.
Some of those new and smaller investors believed, at least in part, that Ryan Cohen, co-founder of Chewy.com, could push the traditional retailer in a more online direction. Cohen built up a stake in GameStop before eventually joining the board and last year becoming its CEO.
Joining the meme surge Monday was AMC Entertainment Holdings Inc., which leapt 33%. Koss Co. a headphone manufacturer, spiked 25% and BlackBerry, the one time dominant smartphone maker, rose 7%. The retailer Bed, Bath & Beyond, another meme stock, sought bankruptcy protection last year.
Some meme stocks, including GameStop and AMC, had been climbing earlier this month, and rapidly.
Shares of GameStop Corp., which have faded steadily since 2021, had already risen 57% this month. In January, GameStop reported its first annual profit since 2018, although itā€™s still unclear if Cohenā€™s turnaround plan will succeed.
AMC Entertainment Holdings Inc., had risen 10% over the past 30 days.
Those companies broke out Monday following Gill's tweet.
The dynamics of the market as far as companies like GameStop are concerned have changed, however.
When Gill and an online army of retail investors began buying up shares of GameStop, more than 140% of the company's tradeable shares were being shorted. You arrive at that distorted number because some traders were borrowing against already shorted stocks to build even bigger bets against the company, vastly increasing their losses when the stock began to climb.
The short positions against GameStop's tradable shares now stand just over 24%, slightly more than the 22.5% recorded in January.
Gill reaped a big profit investing in a troubled video-game company, but denied when he appeared virtually at a Congressional hearing that he used social media to drive up GameStop's stock price.
He told lawmakers at the time simply, ā€œI like the stock.ā€
As Roaring Kitty, Gill had vanished from messaging boards after posting a video in June 2021 of kittens going to sleep.
The story of Roaring Kitty and the meme stock craze was turned into a movie last year called ā€œDumb Money.ā€
Associated Press, The Associated Press
submitted by daigana to u/daigana [link] [comments]


2024.05.13 22:53 nylomatic "Yes, a simple meme kicked off a buying frenzy in heavily shorted names." šŸ¤”šŸ¤”šŸ¤”

submitted by nylomatic to Superstonk [link] [comments]


2024.05.13 22:45 Professional_Set_302 Fridge took out some of my wall

Noticed that my freezer stopped cooling (fridge portion is still fine) so I moved it back to notice a huge hole in the wall (1 1/2 feet long, 5-6 inches wide) and a thick ice chunk attached to the fridge and tubes. I've taken the ice chunk off and waiting to see if that helps but if anyone here is an expert, should I just get a new fridge or is it still salvageable? TIA
submitted by Professional_Set_302 to appliancerepair [link] [comments]


2024.05.13 22:45 DrNukenstein What to get for the musician who has *everything?

And by ā€œeverythingā€ I mean ā€œnot literally, but I need another guitar like I need another hole in the headā€.
Consideration: budget of around $150 (Musicianā€™s Friend in-store credits, so limitations apply on used/sale/special deals)
Iā€™ve looked at a few things so far, but also thought I could double it out of pocket and get something basically half price, so around $250-$300 range.
What I already have so far: A shit ton of guitars and basses (20 guitars, 8 basses, including doubleneck 6/12 and 2 bass/guitar doublenecks, one a Frankenstein), tuners, cases for all, a keyboard, a set of drums (2 Alesis kits merged into a 16-piece), sticks, throne, Katana Artist MKII (with both GAFC and EX and Expression pedal and an EVM12L Black Label speaker), enough strings (though, reallyā€¦), straps, picks, cables for nearly everything, a p.a. system (2 15ā€ subs, 15ā€ mains, 12ā€ mains/monitors) with mixeinterface (PreSonus 24R), pedals (volume, wah, multifx, Synth9, String9, expression), mics (SM57 and 58), mic stands, windsocks, pop filter, tabletop mic stands, speaker stands for the p.a., OneSpots, power strips, snakes (XLR and 1/4ā€, TS and TRS), keyboard amp, extra amp (200w Quilter and a 1x12 with EVM12L), DAW, GK3s and synth module, Virtual Jeff Pro (Whammy pedal with a wiggly stick), GoPros/camcorders, tripods, iPad, stand for iPad/laptop, laptop, small (22ā€) monitor for laptop, music stand, mic stand shelf thingy, cable and other accessories bag, spare rack cases, and probably more stuff Iā€™m forgetting.
What Iā€™ve looked at/considered so far: Another bass, another guitar so I can make another Frankenstein bass/guitar doubleneck, another EVM12L (could basically get it half price), replacement pickups (guitar or bass), more of what I already have (cables and strings I can get any time and prefer Sweetwater for most things anyway, and ebay for used pickups cheap), upping the limit to $1000 and getting something for $150 off (Ludwig Element kit) but that would probably just cover the sales tax and faster shipping, get started on an actual bass amp (head, cabinet, or speaker and source a cabinet elsewhere, but keyboard amp and/or direct to the p.a. works just fine), another EHX 9-series pedal (I did like the C9 when I had one, but the B9 and Mel9 were awesome, and all 3 sound amazing together), a Sansamp bass pedal (just because Sansamp), another expression pedal for the Katana, or get something for half price and sell it as new for just under new price on ebay and have spendable cash I can put towards anything anywhere.
ā€œDepends on your current/future needsā€; YouTube is free enough for any kind of lessons/learning resources, so instructional material is mostly obsolete. Software I have is good enough. Not really a VST user. I do need/want more wall mounting stuff but prefer String Swing, and MF donā€™t carry it (specifically I need the long-armed one with the rail).
I could use the 3rd EVM12L, so I can put the Waza back in the Katana and two of the EVs in my old 2x12 cabinet, but itā€™s not a priority.
submitted by DrNukenstein to musicians [link] [comments]


2024.05.13 22:32 shaneka69 Get A Tarot Reading Today! ALL READINGS SENT SAME DAY THEY ARE BOOKED

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submitted by shaneka69 to mytarotreadings [link] [comments]


2024.05.13 22:28 iJAFY LOGIC PRO 11 IS OUTT!!

https://preview.redd.it/npp6flb2790d1.png?width=1082&format=png&auto=webp&s=66c93c476a115528bf72bfc02b4a740044ebf53c
submitted by iJAFY to Logic_Studio [link] [comments]


2024.05.13 22:16 Ok-Curve4113 Not gonna sit here and be like nothing happened im just saying they hyped it up like it went straight to the moon or some .

Not gonna sit here and be like nothing happened im just saying they hyped it up like it went straight to the moon or some . submitted by Ok-Curve4113 to informationplug [link] [comments]


2024.05.13 22:11 CJ_Cypher I found something that might be helpful for some of yall or anyone

There's this great YouTube channel called freecodecamp.org that puts out full courses that are amazing in alot of math and coding languages and I think it's great this level of knowledge is avaliable for free as it gives full courses like college offers but not pay walled to learn.
submitted by CJ_Cypher to TheDeprogram [link] [comments]


2024.05.13 22:09 Alternative_Annual83 Need help finding a map(coldwar)

I was scrolling through YouTube shorts and found a glitch video where a guy was able to use the phd slider perk to slide into the wall on a map, he said it was on top of the video store roof top but Iā€™m new to the game and have no idea where that is. There was a teleporter on the roof it that helps
submitted by Alternative_Annual83 to CODZombies [link] [comments]


2024.05.13 21:46 New_Cloud_6002 crying at work!

cried for the first time at work since orientation / one really tough death last year. my home unit is a resp unit, lots of our pts are trached, night shift does safety checks and resets the trach carts, we have an RT supply room, etc. i got deployed to an oncology unit for day shift 45 mins into shift so didnā€™t have a lot of time to do chart reviews on my new patients and night shift had left so no handover. when i came to the new unit no one checked in with me i just saw my assignment and got to work. the shift is understaffed so itā€™s three nurses with six or seven each, i have six. already just feeling behind all morning and like i donā€™t know my patients and the unit is disorganized compared to mine, on mine we clip meds for the next shift so everything is ready, we set up fresh IV lines and tube feed lines, etc. and none of that was done which is fine but that much slower. anyway one of my patients accidentally pulled out his trach and i called me to the room. on my unit i would grab the obturator off the cart and reinsert the trach then page RT stat. well the trach cart didnā€™t have one and it didnā€™t have trach kits i could grab one out of. i started getting tunnel vision and questioning whether i just couldnā€™t see it right in front of me. i stepped out and called another nurse from the hall and asked her to watch my patient while i ran to the supply room for one, i also paged RT at that time, the trach was well established and pt was in no distress but still felt urgent and heā€™s got cancer of the mouth and throat with frequent bleeding from the trach so i know the area can get inflamed and swell easily. i couldnā€™t find the materials i needed so i went back to the room. my patient was alone, fine but i had asked him to be watched for two minutes so i was frustrated and now there was no one around so i couldnā€™t leave the room again. i checked the cart again but of course no magical appearance of an obturator. i stood in the doorway and a friend from a different unit happened to be walking by to grab supplies so he passed and said hi to me and i just started crying. i feel so embarassed but i was so overwhelmed because i knew what i needed to do but i felt like i couldnā€™t make it happen. i asked him to watch my patient and then i ran to my home unit where i know where the supplies are and got an obturator and clean trach set. when i got back RT was there and my friend was still with the patient. we put him to rights with a new trach and settled him. then my friend said i should take a break and i agreed. needed to calm down so i center and then could continue offering care. but we only have three nurses and the nurse i originally asked to watch my patient had reported off to the other nurse and left. so i had to wait an hour before i could break, which is fine but i didnā€™t feel in the right space to focus and feel safe providing care. i just charted and calmed down doing that. then the nurse came back and said ā€œ oh what ever happened with your trach dislodgement? ā€œ i said heā€™s fine nowā€¦
afterward the RT told me i can try an insert without an obturator next time, iā€™m taking that note and i know that i couldā€™ve been calmer and the situation wouldā€™ve gone better, i feel bad that i let myself get so frustrated by the unit and the other nurse, iā€™m sure that made my thinking a bit impaired.
submitted by New_Cloud_6002 to nursing [link] [comments]


2024.05.13 21:32 shaneka69 Get A Tarot Reading Today! ALL READINGS SENT SAME DAY THEY ARE BOOKED

Tarot Reader since 2017 who has fully mastered in depth readings to bring true insight to the energies and circumstances you are dealing with, with the use of Oracle and Astrology as well. Shaneka's Services And Contact Linktree
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2024.05.13 21:22 Legitimate_Pop4454 What is Windows & Walls like

I'm in the hiring process here. Applied for a part-time Retail Sales position. During the interview, the hiring manager saw on my availability chart that I was available all day every day of the week, and was wondering if I would be open to a full-time job, to which I said yes (I just applied to what was available online). They called me a couple days after and are asking if I'd like to discuss working in the Windows & Walls department. What does this job entail?
My only concern is some physical limitations I have. It's not a lack of strength but a lack of stability with large items. I'm a 5' rather stocky woman, definitely a bit more on the muscular side, and the issue with my height is I just can't get underneath large items well enough to properly lift with my legs. I can lift a 40lb bag of dog food easier than I can a bed or small table. That goes for everyone, I just regularly have to lift with my back and that goes poorly fast. I've thrown my back out lifting stuff like bed frames even with someone else helping and I'm only 20, so I get back/shoulder issues fast. I also tore my ACL last year, and while I'm like 96% back to normal, it gets to me when I've been pushing too hard. The injury isn't impactful enough to require accommodations but I'll probably deal with it for the rest of my life. I've had to ask for team lift help more than others in other retail jobs, and that seemed to annoy store Leads, and I was once demoted to a permanent sitting position just from my hip flaring up from being up and down ladders all day.
So, I'm wondering what Windows & Walls is like. If I'm about to be the only one in the department and I'll be expected to lift heavy stuff daily without help, or they'll get annoyed with me asking for help too much, I'll speak those concerns and ask about other departments. Another department that was brought up in the interview was part-time with Garden stuff, so anything about a day-in-the-life of either department (including average shift days, start times and lengths) would be great.
I do need this job. I just like speaking up for my well-being from the get go now because I've dealt with enough jobs ignoring my availability and physical needs and then getting upset when issues arise.
submitted by Legitimate_Pop4454 to Lowes [link] [comments]


2024.05.13 21:18 Suveck Tire rot & tubes...?

I am wondering what you all think about the risk of running a dry rot tire, if it has tubes inside of it. I'm not going to bother posting an image of my tires because I know they need to get replaced, been thinking about some Kenda k761(for a road heavy KLR).
Being that in my case the tire is not holding air but instead holding a tube, wouldn't that make a tire with small amounts of dry rot slightly safer? My thinking is that it wouldn't need an air leak to fail, but instead would need to have the tire wall fail significantly enough for the tube to deform or pop. The tire ply alone should be strong enough to retain the tube, so the tires don't actually need to be airtight.
Again they are getting replaced, Im just trying to figure out how risky its going to be to take this bike out a couple of times if Im stuck waiting on shipping.
submitted by Suveck to motorcycles [link] [comments]


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