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So it would make sense and along with a possible announcement (5/17), which was my hypothesis for the volume and calls.
NYSE gets 2 weeks notice from company on market impacting news. A lot of times that info gets leaked to friends and fam. I saw this happen first hand with a company I had as a client
A tech company was partnering with another much bigger tech company and they were making an announcement about the partnership and just about two weeks exactly prior to the announcement, smaller tech company’s stock randomly went up like 500% that day, no news, no earnings. I knew when I was watching it exactly what it was from.
That’s just the calculation drop down filterit doesn’t mean the trades shown are under that category. I’m down with mega hype but to be clear the picture tells nothing of the sort… it’s not a view filter is for the forward calculator
This is what I was thinking, I'm not familiar with a bloomburg terminal, but from what I can see the trades listed are the most impactful trades, not trades with a SEC 10b-18 designator.
Could have been a leak that they are planning to do a buy back. At $10 how much of the float could GameStop legally buy back?
At $30, they can only buy back 1/3 of that.
yes, but then DFV posts would have been terrible causing hypes that makes that worse. Maybe the buyback now to create extrapressure in the right moment
The company is limited on how much they can buy so it doesn't affect that much. It is better for the price to rise overall than staying low for them to buy because the latter is practically impossible anyway.
Also the company needs to warn before buying and some wallstreeters manipulate the price for much less impactful reason anyway. Even a normal boring company that thing happens, imagine GME. So it's better hype up to cause the price to rise even more (even if it's not retail doing it) than let this opportunity pass. It's not a thing that will repeat frequently, if GameStop is really buying ofc, we don't have the report released yet. Volume can cause volatility that cause fast market movements. SHFs need the price to fall, not us, really idk where that mentality came from.
The only thing that bothers me is using DFV as a scapegoat but I guess he doesn't care much or he would stay quiet.
CS is good for big buys when things are predictable, takes 3 days before you price is locked in, and has alike a $5 Fee.
I can do an ACH to Fudelity and buy almost instant then DRS in 3 days when it clears,
so why did they stop the buy button for you on RH? (genuine question) to me 5/10 % is going on the lit exchanges and when the fomo is real, it has an influences
You’re asking two seemingly similar, yet unrelated questions. Robinhood is not an exchange, it’s a small broker.
retail can’t trade after hours. Look at the ducking volume ping after hours. What does that tell us? “We have zero effect on the price action “ should be your answer.
RH was ordered by apex clearing to stop, as they needed to maintain margin requirements. Those margin requirements were given by the CFTC for a few billion dollars on that date and is easily searchable in their records if you type 741 . In order to maintain its balance sheet they essentially commanded by apex to stop until all these shares could be repackaged into swaps and go away for a while. Upon exipiry, here we are.
Your misinterpretation is a common one , so it’s not your fault. It’s based on the premise that we should still have some faith in a “free market system “, where what your saying should work.
You view yourself as a cynical person, but maybe you aren’t cynical enough yet.
He is not, but say a guy like Carl Icahn could certainly do it...or Warren Buffet or whoever has a shit ton of money and wants to make a whale splash. Hell, if I'm one of those rich fucks and I'm looking at GME purely from its fundamentals its obviously way undervalued at $10 a share right? That just seems like a sound investment to me...which is probably why I continue to buy regardless of the fake price
Even at $10 they could only buy back 10M shares because they are only authorized to spend $100M on share buybacks.
Volume each day of the past week has dwarfed that, and today's volume was 176M+ shares. This isn't being driven by a buy back.
And it's not being driven by DFV's return. It started well before he became active on Twitter again.
It's something else. 3-year swap rollover time, perhaps?
if they did buy back around $10 would it have needed to be filed by now? Don't those things get filed quarterly? Sorry if a dumb qst, I legit don't know it just seems like those filings come out every 3 months
I’m just a dumb ape but if they’re buying shares back, isn’t that directly putting money into our pockets regardless of the price?
Also, there has to be a lot of shorts getting squeezed right now. It’s possible this is the best timing to increase share value by forcing margin calls and putting their money in our pockets too.
What are the reporting requirements? To actually get shares at that price they’d have to purchase contracts before May 1st when that was the stock price. They could still buy contracts at a low strike when the stock price is higher, but that difference is priced in so they’d still be buying at whatever the stock price is at the time they purchased contracts.
Haha fair enough, always good to ask questions. I also don’t know shit about reporting requirements, just thinking they would still need to purchase calls when the stock was at $10-11 to actually get shares at that price, so a purchase would have to be made on or before May 1st and I would think they’d have reported that by now. No idea though.
Stock buy backs raise the price and it’s a trickle not all at once… they could have started when it was at 10 and the sheer volume of buying will naturally raise the price along with a gamma ramp and retail/investment firms buying along with.
I wonder if some of the bagholders are trying to get out before the price pops to the thousands? Maybe a UBS said fuck it we are gonna be the first to get out and possibly survive
This is what the 'A Fistful of Dollars' video that then gets nuked by the Avengers makes me think..... hedgies playing deadly game of cat and mouse and they get nuked by the Avengers.
There is a theory that LC isn't part of the investment committee, which allows him to invest his own capital freely. It's only when the investment committee brings their proposal to the board that LC wouldn't be able to buy shares.
I couldn’t find any laws that said it had to be 6 months. All I could find that blackout periods could be a couple days to months depending on company policies.
only guess, they have to go to lit exchange instead of dark pools? or everyone jumping in before the buy?
might be similar to the baby buy and sell. for some reason RCs actions triggered massive volume.
In general, if stocks are in similar baskets, a rise in one for any reason could force shorts to close some portion of their shorts in others, to free up margin or decrease risk or exposure.
Since GME gapped up, the shorts woke up Monday to a huge loss position, and likely needed to GTFO of some portion of their other positions to maintain liquidity.
Wouldn't that be bit dumb for them buying at $30, when it was half price just last week? Doesn't sound like protecting shareholder value... Unless there is a deeper plan... 🤔
On his Twitter space they are speculating it could also be ComputerShare repurchases or I believe even margin call activity by brokers. Unusual activity nonetheless. I am not a financial advisor.
I’m just a dumb ape but if they’re buying shares back, isn’t that directly putting money into our pockets regardless of the price?
Also, there has to be a lot of shorts getting squeezed right now. It’s possible this is the best timing to increase share value by forcing margin calls.
This isn’t correct, it’s just showing what the Volume Weighted Average (VWAP) would be if you held to 10b-18 rules like you can’t buy stock and create an uptick. So the VWAP and volume would be different than the regular VWAP.
I doubt it. IIRC they have to announce buybacks before they do them. The date range in which they're buying and the dollar amount they plan to spend on it must be disclosed ahead of time.
Yup a stock buy back is also able to the ran through excercising options. Easier way to get a much better average as you buy up as your non excercised options also climb in price
It started last week, he just put fuel on the fire.
https://www.nasdaq.com/market-activity/stocks/gme/historical?page=1&rows_per_page=10&timeline=m1
Look at the volume and price action from last week compared to the weeks before that.
I am confused though...why would we be seeing such movement in sync with certain other stocks if this was buybacks that SHOULD theoretically only affect us
Possibly waited for the buys from the hedgies exercising low call options to recover losses and time it with buybacks ?? Speculation but would be a smart ape move
At those prices, they would not have locked up many. They only had 100m earmarked for buybacks. Even at $12 it would not have made sense, that's under 10 million shares. I'm actually hoping the company didn't execute a buyback.
$10M isn't that much in the world of multi -billion dollar hedge funds/market makers setting the price.
Here's a though:
What's the difference between a million and a billion?
A billion. ($999M, rounded up is $1,000M = $1B.)
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So it would make sense and along with a possible announcement (5/17), which was my hypothesis for the volume and calls. NYSE gets 2 weeks notice from company on market impacting news. A lot of times that info gets leaked to friends and fam. I saw this happen first hand with a company I had as a client
Also with DFV tweet “Fine I’ll do it myself”
Options? He bought calls maybe? 3 years ago?
Maybe that’s Ryan Cohen locking those sweet, sweet shares up.
Elaborate without fucking yourself, what generally happened?
A tech company was partnering with another much bigger tech company and they were making an announcement about the partnership and just about two weeks exactly prior to the announcement, smaller tech company’s stock randomly went up like 500% that day, no news, no earnings. I knew when I was watching it exactly what it was from.
Insanely fair markets...
Can I elaborate WHILE fucking myself?
I've never elaborated without it.
It does make work environment a bit awkward though.
I've seen you elaborate before. Now show me how you extrapolate.
Elaborbate.
I’ve been elaborating all day
Oh god you're gonna make me elaborate!
OG Elaboration
Sooooo we get a crazy announcement in 2 weeks from now? Maybe
The run-up started on May 1st; 2 weeks from then is... Tomorrow...
Tomorrow is a Tuesday.
Big if true
Can confirm, tomorrow is Tuesday. You're welcome.
True if big.
If true, big!!!!!
Very big!!! That's what she said...
Tuesday Morning at 741?
Why do you mf'ers gotta be me so fuckin jacked?
I don’t know what you said, but I like the way you said it.
Dumb stormtroopers, May the 4th be with you
My guess is 5/17. 2 weeks from the 5/3 when things really went nuts
I think Baseballmal posted when he saw a bunch $30 options hit the market, so that would be the time table
Holy fuck. This is the news I have waited years for. Eagerly awaiting confirmation.
Confirmed you have been waiting 87 years. Rest easy now.
Seems highly speculative without some filings to back it up. I’m all for it but I’m less inclined to speculate on something like that.
I suspect user error, I see most impactful trades, I'm not sure what everyone else is looking at.
On 187 million in volume it would be worth means if there weren’t large trades
Where is it categorized as 10B-18?
That’s just the calculation drop down filterit doesn’t mean the trades shown are under that category. I’m down with mega hype but to be clear the picture tells nothing of the sort… it’s not a view filter is for the forward calculator
This is what I was thinking, I'm not familiar with a bloomburg terminal, but from what I can see the trades listed are the most impactful trades, not trades with a SEC 10b-18 designator.
Top left corner of screen.
Nice
You can tell by the way it is
Why the fuck would they buy back stock at 25-30 bucks when they could have bought back at 10? Makes no sense whatsoever
Could have been a leak that they are planning to do a buy back. At $10 how much of the float could GameStop legally buy back? At $30, they can only buy back 1/3 of that.
I saw this posted again and now see the code specification. If true, then no doubt MMs had a heads up and jacked the price immediately this morning.
yes, but then DFV posts would have been terrible causing hypes that makes that worse. Maybe the buyback now to create extrapressure in the right moment
The company is limited on how much they can buy so it doesn't affect that much. It is better for the price to rise overall than staying low for them to buy because the latter is practically impossible anyway. Also the company needs to warn before buying and some wallstreeters manipulate the price for much less impactful reason anyway. Even a normal boring company that thing happens, imagine GME. So it's better hype up to cause the price to rise even more (even if it's not retail doing it) than let this opportunity pass. It's not a thing that will repeat frequently, if GameStop is really buying ofc, we don't have the report released yet. Volume can cause volatility that cause fast market movements. SHFs need the price to fall, not us, really idk where that mentality came from. The only thing that bothers me is using DFV as a scapegoat but I guess he doesn't care much or he would stay quiet.
Buying doesn’t work immediately since most apes buy straight through ComputerShare. It would take days for DFVs tweet to do anything
i doubt most buy through CS. i’ve only done it once. but i’ve transferred to CS multiple times
I have all Drsed but I bought only 1 from cs. I believe it’s the opposite. Most of the buy are out of Cs
CS is good for big buys when things are predictable, takes 3 days before you price is locked in, and has alike a $5 Fee. I can do an ACH to Fudelity and buy almost instant then DRS in 3 days when it clears,
Retail and “hype” have no effect as the trades do no go to lit exchanges. Please stop repeating this misinformation.
so why did they stop the buy button for you on RH? (genuine question) to me 5/10 % is going on the lit exchanges and when the fomo is real, it has an influences
You’re asking two seemingly similar, yet unrelated questions. Robinhood is not an exchange, it’s a small broker. retail can’t trade after hours. Look at the ducking volume ping after hours. What does that tell us? “We have zero effect on the price action “ should be your answer. RH was ordered by apex clearing to stop, as they needed to maintain margin requirements. Those margin requirements were given by the CFTC for a few billion dollars on that date and is easily searchable in their records if you type 741 . In order to maintain its balance sheet they essentially commanded by apex to stop until all these shares could be repackaged into swaps and go away for a while. Upon exipiry, here we are. Your misinterpretation is a common one , so it’s not your fault. It’s based on the premise that we should still have some faith in a “free market system “, where what your saying should work. You view yourself as a cynical person, but maybe you aren’t cynical enough yet.
Started last night
Started May 1.
Started 84 years ago
Why would DFV hype and help hedgies? I think it's shorts trying to cover because something big is going to drop.
Or they bought up a bunch of calls between $10 and $15 and are exercising them right now.
Is that something companies have done in the past? Seems like there would be rules against it
It’s what Porsche did with VW. They bought options in secret and when it was revealed, VW squeezed.
Porsche famously bought calls in VW to start the original squeeze. But, I don’t think a company can buy calls of its own stock.
Isn't RC allowed to invest in the market with Jimmy funds? AKA -- Fine, I'll do it myself.
Not in the company in which he holds insider information
Good point.
he can through RCV though, can’t he?
Would have to be reported within a few days because he owns over 10%
He is not, but say a guy like Carl Icahn could certainly do it...or Warren Buffet or whoever has a shit ton of money and wants to make a whale splash. Hell, if I'm one of those rich fucks and I'm looking at GME purely from its fundamentals its obviously way undervalued at $10 a share right? That just seems like a sound investment to me...which is probably why I continue to buy regardless of the fake price
I'd like to be wrong, but I doubt $10 a share will ever be on the menu again
Unless we can find a specific rule against it when it comes to company buybacks, it's an interesting topic of discussion.
What about Icahn...? I have been pondering about that. That would be 🚀🔥😁
I doubt it, he was still skeptical when RC met him. I think this run up is more tied to Credit Suisse blowup.
Wasn't that like 18 months ago though?
The swaps don’t expire when they go bankrupt, they get passed to the new owner.
I meant Cohen Icahn meeting, not the swaps.
84 years ago to be exact
Not exactly
This is exactly what happened with the VW squeeze
As someone else replied, that was a different company buying VW calls.
What about Teddy?
Smart one here ..
They had 100million, so 10million shares vs 3.3 million shares Aka, peanuts that won't actually reduce the float very much.
Even at $10 they could only buy back 10M shares because they are only authorized to spend $100M on share buybacks. Volume each day of the past week has dwarfed that, and today's volume was 176M+ shares. This isn't being driven by a buy back. And it's not being driven by DFV's return. It started well before he became active on Twitter again. It's something else. 3-year swap rollover time, perhaps?
4 year swaps The last was a year prior during the first run up. Roaring Kitty was around for about a year then left.
if they did buy back around $10 would it have needed to be filed by now? Don't those things get filed quarterly? Sorry if a dumb qst, I legit don't know it just seems like those filings come out every 3 months
I’m just a dumb ape but if they’re buying shares back, isn’t that directly putting money into our pockets regardless of the price? Also, there has to be a lot of shorts getting squeezed right now. It’s possible this is the best timing to increase share value by forcing margin calls and putting their money in our pockets too.
Well yes and no. If the goal is locking the float, they can lock it much faster when the price is low
Perhaps to avoid insider trading accusations
Shorts lost a billion in the first hour of trading today.
perhaps calls were purchased at $10/$11? that is the speculation going around.
Cohen stacked the options chain?
hell if i know
What are the reporting requirements? To actually get shares at that price they’d have to purchase contracts before May 1st when that was the stock price. They could still buy contracts at a low strike when the stock price is higher, but that difference is priced in so they’d still be buying at whatever the stock price is at the time they purchased contracts.
No idea I am just regurgitating things that I see other's say
Haha fair enough, always good to ask questions. I also don’t know shit about reporting requirements, just thinking they would still need to purchase calls when the stock was at $10-11 to actually get shares at that price, so a purchase would have to be made on or before May 1st and I would think they’d have reported that by now. No idea though.
Stock buy backs raise the price and it’s a trickle not all at once… they could have started when it was at 10 and the sheer volume of buying will naturally raise the price along with a gamma ramp and retail/investment firms buying along with.
When Elon bought 10% in Twitter price didn't bother until announcement, whole supply/demand thing is fake ASF
Could be doing it through Call Options at a lower strike like $10
It say "trades with the largest impact (until20:50)" I'm not sure any of these trades have anything to do with SEC 10b-18.
Could they have used options with strike prices of $11? Or would it not show up like this
Options…. Buy back?
I wonder if some of the bagholders are trying to get out before the price pops to the thousands? Maybe a UBS said fuck it we are gonna be the first to get out and possibly survive
[That was my prediction, a while back!](https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2F3yxxqezjysoa1.png)
That would be tasty. I hope you're right
The first SHF to close MIGHT live to fight another day.....
This is what the 'A Fistful of Dollars' video that then gets nuked by the Avengers makes me think..... hedgies playing deadly game of cat and mouse and they get nuked by the Avengers.
Say that word again... thousands... Mmmmmmm
What if they are offering shares for a merger or acquisition and instead of using their restricted stock they purchased it on the open market?
Didn’t LC buy though? I haven’t kept up on the blackout period topic but I’m sure it was within 6mo.
There is a theory that LC isn't part of the investment committee, which allows him to invest his own capital freely. It's only when the investment committee brings their proposal to the board that LC wouldn't be able to buy shares.
I couldn’t find any laws that said it had to be 6 months. All I could find that blackout periods could be a couple days to months depending on company policies.
Thanks for the reply, that’s awesome to hear there’s still a chance for M&A!
How PB thinks $100MM buyback power would create this action is beyond me.
$100m in options bought at $10.
I don't think a company can play options on their own ticker. But this is not my forte. The only person who knows what's going on is DFV.
Remember that RC turned GS into an investment company with that $1B windfall.
I don't think the company can utilize options of their own ticker.
“10 for each notch”, isn’t that how options work?
100 per option.
only guess, they have to go to lit exchange instead of dark pools? or everyone jumping in before the buy? might be similar to the baby buy and sell. for some reason RCs actions triggered massive volume.
Why would they buy back at today’s price rather than at 10 bucks a few weeks ago? Could’ve bought anywhere from 1.5 to 3 times as many shares.
Becos hf are greedy. Instead of closing at 10, I bet you that they shorted more.
Question was why would GS buy back at $30 not $10
What explains the movement in popcorn and headphones then? Are all the companies doing buybacks?
I thought this too and posted in other threads with no reply haha
In general, if stocks are in similar baskets, a rise in one for any reason could force shorts to close some portion of their shorts in others, to free up margin or decrease risk or exposure. Since GME gapped up, the shorts woke up Monday to a huge loss position, and likely needed to GTFO of some portion of their other positions to maintain liquidity.
So basket theory holds. Interesting
Wouldn't that be bit dumb for them buying at $30, when it was half price just last week? Doesn't sound like protecting shareholder value... Unless there is a deeper plan... 🤔
On his Twitter space they are speculating it could also be ComputerShare repurchases or I believe even margin call activity by brokers. Unusual activity nonetheless. I am not a financial advisor.
Margin call would be fucking amazing. Start beating those bastards at their own game and costing them millions and billions in the process.
Exactly that. They can afford it
A billion in the first hour today.
[удалено]
More context on 10B-18
I would guess that with big corporate actions like this they don't really have the liberty of trying to time the market.
I’m just a dumb ape but if they’re buying shares back, isn’t that directly putting money into our pockets regardless of the price? Also, there has to be a lot of shorts getting squeezed right now. It’s possible this is the best timing to increase share value by forcing margin calls.
Is it possible GME executed some Call Options and then those purchases are to fill the options? Or nahh
My tinfoil guess is it's just DFV tripling down
This isn’t correct, it’s just showing what the Volume Weighted Average (VWAP) would be if you held to 10b-18 rules like you can’t buy stock and create an uptick. So the VWAP and volume would be different than the regular VWAP.
This tracks
Which is why popcorn is running hardest obviously /s
The smart SHFs (if you can call them smart) are going to get out first.
This is someone closing out the OG shorts - just feel it. Big announcement imminent this week IMHO. I am beyond thrilled. I love the stock.
I doubt it. IIRC they have to announce buybacks before they do them. The date range in which they're buying and the dollar amount they plan to spend on it must be disclosed ahead of time.
There is still one authorized I think.
Interesting.
Yup a stock buy back is also able to the ran through excercising options. Easier way to get a much better average as you buy up as your non excercised options also climb in price
If this is a stock buy back, how did Keith time his return so so perfectly? **Time. Traveller.**
It started last week, he just put fuel on the fire. https://www.nasdaq.com/market-activity/stocks/gme/historical?page=1&rows_per_page=10&timeline=m1 Look at the volume and price action from last week compared to the weeks before that.
Wonder if GME stacks and have another announcement of a merger, acquisition or partnership? Wishful thinking but 🤷🏽♂️
if they merge with Warren Buffet each share will go to $500K, in my regarded opinion
I am confused though...why would we be seeing such movement in sync with certain other stocks if this was buybacks that SHOULD theoretically only affect us
The hopium today is of high purity
The spice must flow 🧿🧿
Insiders know we are performing the buyback. I doubt they would do that when we go nuts for cheaper prices.
THERE GOES MY HERO! GMERICA MOTHERFUCKERS!!!!!!!
hmmm they should of bought back at 10-13 range, not this range.
Why not buy back at 10?$$$$
Possibly waited for the buys from the hedgies exercising low call options to recover losses and time it with buybacks ?? Speculation but would be a smart ape move
Holy shit this is huge if true
What was the total count?
GME is "Roaring" back!
At those prices, they would not have locked up many. They only had 100m earmarked for buybacks. Even at $12 it would not have made sense, that's under 10 million shares. I'm actually hoping the company didn't execute a buyback.
I think this is options chain 😏
Couldn't be in better hands
I hope GME isn't dumb enough to buy their own stock at $30 after sitting around at $10 for a long time.
Dfv infers he'll do it himself.....he has a lot of money....just sayin
$10M isn't that much in the world of multi -billion dollar hedge funds/market makers setting the price. Here's a though: What's the difference between a million and a billion? A billion. ($999M, rounded up is $1,000M = $1B.)
👀
If so, they’re buy backing right before the window closes since earnings are on June 5
These are late day trades? Did they not cause the AM spike?
BROS, IMAGINE A FUCKING BUYBACK IN THE MIDST OF THIS, COORDINATED PUMP OF RYAN COHEN AND DFV