Junto

Even with Merchants Bank, it was secondary market lending that really drove their results. Between PPP loan volume and Secondary Market loans, this drove regional banks much more than the mega banks.

The universe where GameStop changes its name to Mashy and becomes the premiere online retailer of video games and accessories. A lot of ifs in there. Not too mention that EPIC / Roblox and every other gaming platform is dominating the space with a barrier to entry that Gamestop has a ridiculous hill to climb. I want to short but don't because I am not comfortable that I can handle the swings. Having said that, if it does hit anywhere near $500 again, I will be there trying to find a way. I bought and made money with puts the first go around but the premiums ate into so much of the move. Right now $300 3/19 put is $71.70 of premium...3/26 is $98.65...4/1 $107.70... Crazy. Fidelity 1.5% borrow rate. Shortable shares dropped to 0 today from over 200,000 yesterday.

Not no one. I was buying. I recall that Junto and Ericopoly were as well. This is value investing and it's hard. You can use any name you want really. When I was buying AAPL on sale at the end of 2018 almost everyone was running from it. Now everyone they're gushing over it. What changed? Nothing. Just the PR. Simply back then the stock was going down and now the stock is going up. Value investing. Easy in theory. Tough in practice. +1 I made a ton of money on this one over the last year, with a combination of stock and options. I remember some days during last spring and summer it was just dropping like rocks. It was nerve wracking but every time I felt anxious I just looked at the market cap vs. the book value and earnings power. It just didn't make sense. I have started taking some profits here, especially with options. What about others? I did sell my Jan 2022 $37.50 call options I bought last fall today. I previously rolled some to Jan 2023 $50 call options. I was crazy long going into November (tilt is the best way to say it) and adjusted on the run up to overweight. I think there is room to run yet but definitely not the deal it was last fall. $45 is my fair value estimate right now.

Spreads continuing to get more attractive. Less burning money (securities yields above deposit costs) and more loan demand is starting to come forward. Golden age of banking could be coming. Lots of low cost deposits and a raging economy.

I am thinking this time it will be a clean short opportunity. Appears much more liquidity in the short trade (Fidelity has plenty of shares to short at 2%)

My target for end of 2021 has been 2% on the 10 yr. There’s not going to be runaway inflation but definitely persistent push higher. Myopic view on jobs numbers doesn’t take into effect the amount of people choosing not to work because of government subsidies, lack of daycare, lack of school, and government mandated business curtailments. Until government releases executive orders on businesses in line with Texas and others, jobs numbers will not return but they don’t have to in order to have a strong and growing economy. Last I checked, hospitality doesn’t drive the US economy.

I sold out this past Tuesday on the big jump up. Hell of a ride in two months from $11 to current prices. Still looks like value could be here but when you make that much, that quick. Prudent to step back and reassess outlook. Hope others jumped in for the ride. Still positive on outlook and will be monitoring.

Hey shamelesscloner, looks like we need to keep an extra eye on Junto's picks ;D Nice pick Junto, hope you're still in the stock. 8) Thanks! Been finding a few gems this past year!

It was quite the roller coaster gamble but I sold the put at a very nice profit. Would have made more to go long with momentum and sell on the surge but the returns for a week and two days is not bad either. The amount of pumping and dumping right now is crazy. A trader’s market for sure. In the end, the Reddit rebellion will indicate all they did is poor gas on the fire of a squeeze and then provide liquidity so the hedge funds driving the value up, could get out clean at the top.A Hedge fund war and they were the collateral damage where they happily fell on the sword as if they were righteous. Melvin went down but there is too much smart money out there to outfox them all. The story has played out many times. The story that I am most curious to read is the story on the brokers and why billions were needed at Robinhood and others to shore up the clearing house. Something else went on that we don’t know the details of yet. Good luck everyone.

It looks like they are looking to refinance their debt. It will be interesting to see what their bond rates come in at given the demand for junk debt right now. We will see where it prices out for this upcoming transaction but an opportunity to potential lower interest expense along with improve cash flow. Granted debt will increase with purchase.

It looks like my puts might actually print by Friday. Momentum is failing and stock is falling hard.

Melvin covered yesterday according to CNBC

This isn't my original ideal. I took it from Jeff but it does look like a very interesting opportunity to convert SMBs in the yellow page space to a CRM / SAAS based product. Listen to the conference calls and investment conferences. These guys have experience executing on plan and in today's marketplace, they are pivoting the business very well. http://ragnarisapirate.blogspot.com/2021/01/thryv-thry.html If you are in the SMB space, you know there is a growing demand for their product. Particularly in the base of customers that are still advertising with the yellow pages. They are "hunting in a zoo."

Chamath isn't on their side, he's taking advantage of them in a different way, imo. The same people who will say "go hard on this bro" to Chamath are exactly the same ones he needs to bid up all of his SPACs. I think its very likely he is looking at these calls as a marketing expense to WSB types. A bunch of them are going to have a lot of extra cash in their accounts after this, and he is going to want them to put that all into IPOA-Z. If he is a folk here to r/WSB, they're likely to put more money into his SPACs. Exactly correct. It is a play to his crowd of investors and followers. A very shrewd move.

I bought 1 $140 put for 2/5... I couldn't resist at these levels. Currently trading at $147.00. Might lose but hope to gain with a fall after options expiration on Friday...