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Everything posted by LC
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https://www.investopedia.com/terms/n/nakedshorting.asp Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. Per SEC regulations, participants in naked short selling activities can be charged with a crime. In fact, in 2014, two Florida State University professors were charged with using a naked short selling strategy in 20 companies to earn more than $400,000 in revenue. In 2018, there was widespread speculation that naked shorting was endemic in the cannabis sector as shares were highly sought after and thus limited, but short interest continued to grow regardless.
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I think you’re right that it does have a conspiratorial slant but I wouldn’t call it garbage. It does illustrate the mechanics of how over 100% of a company’s float can be shorted, the interconnectivity between funds, brokers, and clearinghouses, and some techniques used to conceal short positions.
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This is a great read for some tangential understanding regarding the GameStop fiasco: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
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I would suggest his 56 min video from July 2020 on GameStop. It was good work!
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How to make money from this crash - Lessons from 2008
LC replied to ukvalueinvestment's topic in General Discussion
Trough to peak, I agree small and micro caps will outperform, but what about peak to trough? The difficulty is knowing where we are in the cycle! -
Exactly. I can understand management wanting to unload their shares. I can understand the SEC pretending to protect the little guy. But if you’re trying for GameStop to succeed as a company, you have to try and issue shares here.
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That’s what I don’t understand. If I’m GME I’m on the phone with Melvin et al offering to clear their short position for a 50% discount to market.
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I threw a G in out of solidarity. How the hell can you not love the WSB meme team?
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Apparently one can buy deep ITM options and immediately exercise to get around the purchase limits.
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What are the shorts willing to pay, is the question.
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Isn't facebook creating "Facebook Campus" which is just for students only? In other words, the current Facebook is creating the previous Facebook. Presumably because the current Facebook is no longer appealing to this segment (which is a highly valued segment, unlike say the 50+year olds sharing pinterest posts about braising vegetables)
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not a YOLO trade? booo I was all for it until the halt. Not interested in having stuff locked up for who knows how long. I think that list of unreadable stocks will continue to grow the next few weeks as WSB continues to pick new targets. Perhaps but the draw with GME was the >100% float short, right? Not sure there are any other such targets.
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I definitely missed that one. I didn't realize Schwab left, either. I always enjoyed reading his posts. Hopefully he returns.
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Old thread but I have been interested by Garmin recently. To answer the thread title, it appears "deep value" was the right answer. Curious what the board thinks on the valuation here. I think the product offering is attractive, I think it also has tailwinds behind it. IMHO it trades at a "somewhat" reasonable valuation in the age of YOLO.
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Not sure about hurt but there was such strong moves in some names on no news that I imagine there was some downward pressure being relieved to cover exposure elsewhere? Not a great explanation but it's all I've got :D
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My wife sends me an email about the Weedmaps SPAC and says "I heard everyone is talking about Gamestop but this could be some small easy big money". Now I am concerned. If she goes and gets WSB on her side I may surrender control of the accounts to her ;D
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Trimmed some IRM.
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Cubs, Greg is gone now. You're next if you don't stop the political posts. Zero tolerance going forward for board members, so everyone else, pay attention! Cheers! Greg is banned? The worst the guy ever did was call me a silver spooned baby. I took it as a compliment in fact ::) Meanwhile we've got YOLO threads and such. What times we are living in...
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WSB's true power comes from the weaponized autism of techbros, neckbeards, and basement dwellers. Therefore I'm in for 100 calls of TR and TSN cuz if i know one thing it's tards love their tendies and tootsie rolls. YOLO
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There must be a certain Canadian slant here because the Kieso book was also my financial accounting textbook, way back when. Personally I think financial accounting changes at a snails pace and is relatively straightforward, any used textbook from the last few years will be just fine. The McKinsey valuation book and other such books do touch heavily on financial statements but are also very involved with what metrics are important and why. It is a good primer. Other aspects you are mentioning will touch other topics such as marketing, distribution, product/industry specifics...many of this is only learned with experience or specific expertise (e.g. medical knowledge, engineering knowledge, etc.)
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Appreciate the commentary.
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Is this a response to the superstockmarket and government monetary policy?
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I wish Mirantis/Docker was public. Bought BRK the past few trading days.
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SPACs as Cash Alternative with Upside Optionality
LC replied to shamelesscloner's topic in Strategies
Well it makes sense, right? Expected payoff here is the value of the embedded call option. I would expect those call options to be highly-priced in frothy markets.