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Stock Thread (19 Viewers)

David Dodds said:
How is holding, colluding? When you short 140+% of a stock, you deserve to die. Apes buy and hold. They are long-term investors just like Warren Buffet. 
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It's a vague sort of collusion and not one that I expect would ever lead to trouble.  The pump before the inevitable dump.

Why does shorting a stock warrant death?  Aside from a possibly lower share price making it more difficult for the company to secure financing, how does shorting impact the day to day operations?  If a company is being unjustly shorted, then that creates an opportunity for value investors to score.

Maybe that is what has happened with AMC and GME?  I don't agree, so I'm putting my money against AMC.  

 
Bob Sacamano said:
Is this it, then, or is it likely bleeding more in advance of announcement?
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I’m guessing with people knowing an approval won’t be for weeks or a month it’ll give them time to short it if they want. There’s been a lot of buyers the past two weeks though. 

 
David Dodds said:
Of course. Not all hedge funds are jerks. This is whales vs whales with apes tagging along. This is a fight against the jerks that shorted companies we love due to the pandemic.
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You're constantly bragging about how much money you've made buying and selling the stock (no shame in that) - so why pretend to be doing it for "noble" reasons now?

 
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Caveman33 said:
Without a doubt.  And the apes seem like the biggest jerks to me.  The narrative of sticking it to the greedy hedge funds for trying to destroy things they love is a total white knight angle.  The majority of the apes are driven by their own greed.  They are openly colluding to manipulate prices and they have no regard for fair value in a company. 
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User name checks out?

 
Dr. Octopus said:
You're constantly bragging about how much money you've made buying and selling the stock (no shame in that) - so why pretend to be doing it for "noble" reasons now?
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To be part of the greatest wealth transfer in my life. Yes, that includes a bunch to me if I am correct. But I will diamond hand and sell the majority of my shares post-peak so as to maximize retail investors winning a major battle against a rigged casino.

 
David Dodds said:
To be part of the greatest wealth transfer in my life. Yes, that includes a bunch to me if I am correct. But I will diamond hand and sell the majority of my shares post-peak so as to maximize retail investors winning a major battle against a rigged casino.
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What number is your estimate of the high point for GME?

 
Chaz McNulty said:
What number is your estimate of the high point for GME?
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If I am correct, the June 9th vote count is going to show a broken stock market where 500M+ votes were cast against a company with supposedly just 70M shares available. MOASS starts. Multiple trading halts before the SEC/Govt steps in to "settle" this. 

If the free market decided, everyone could just hold and the price goes to infinity. But the rigged game will likely tell us what number we will get per share. I hold for that point.

If I am wrong, I am good with betting longterm that Ryan Cohen makes GameStop a great company. I am in no hurry to sell.

 
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David Dodds said:
To be part of the greatest wealth transfer in my life. Yes, that includes a bunch to me if I am correct. But I will diamond hand and sell the majority of my shares post-peak so as to maximize retail investors winning a major battle against a rigged casino. I day-traded the hell out of this stock early for one purpose only. To accumulate a ton of shares. I knew in my possession, I could diamond-hand them and will.
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David Dodds said:
If I am correct, the June 9th vote count is going to show a broken stock market where 500M+ votes were cast against a company with supposedly just 70M shares available. MOASS starts. Multiple trading halts before the SEC/Govt steps in to "settle" this. 

If the free market decided, everyone could just hold and the price goes to infinity. But the rigged game will likely tell us what number we will get per share. I hold for that point.

If I am wrong, I am good with betting longterm that Ryan Cohen makes GameStop a great company. I am in no hurry to sell.
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Gamestop already knows if they sent out 500 million ballots rather than 70 million.  Or, maybe millions of shareholders did not receive ballots?  There will almost certainly be more than 70 million votes soon enough, after GME issues more shares. 

 
Caveman33 said:
Gamestop already knows if they sent out 500 million ballots rather than 70 million.  Or, maybe millions of shareholders did not receive ballots?  There will almost certainly be more than 70 million votes soon enough, after GME issues more shares. 
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Of course GameStop knows. Hence the Ryan Cohen tweets. Why would GME dilute? They owe no money and have nearly $1B in cash? And if they did dilute, I believe in Ryan Cohen and his board enough that they will be putting that money to great use. The GME board is taking stock-only for their work. They are heavily invested in returning shareholder value.

 
David Dodds said:
Of course GameStop knows. Hence the Ryan Cohen tweets. Why would GME dilute? They owe no money and have nearly $1B in cash? And if they did dilute, I believe in Ryan Cohen and his board enough that they will be putting that money to great use. The GME board is taking stock-only for their work. They are heavily invested in returning shareholder value.
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I see.  I may not have deciphered the turd and boner to heaven correctly then.

There seems to be a reasonable chance that Cohen and his team could find some success with GME.  I don't think it justifies their current price, but I would not go short GME at this point. 

 
Northern Star Acquisition Stockholders' Approve Merger With Barkbox

BY MT Newswires
— 11:44 AM ET 05/28/2021

11:44 AM EDT, 05/28/2021 (MT Newswires) -- Northern Star Acquisition (STIC) said its stockholders have voted to approve the company's proposed merger with Barkbox in a meeting held on Friday, and the deal is set to close on Tuesday.

Common stock and warrants of the combined group, which will be renamed "The Original BARK Company," are expected to begin trading on the New York Stock Exchange on Wednesday under new ticker symbols BARK and BARK WS, respectively, according to a statement.
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Dang I'm pissed.  Posted here a while bach that HGEN would hit $23 with this announcement and then fall back to $20.  It was up over 5% pre-market and that was the time to bail.

I'm think we see $17 in the next two weeks before a reversal begins.

 
Bring on the mocking as this is the dumbest reason ever not to make a profit.  I was all cued up to sell HGEN pre-mart at 23.90 and could figure out how to specify specific shares to sell like I can during the regular market.  I wanted to keep the shares I bought in the $9's and sell the $17 shares to keep my "cost basis" looking good on paper.  I figured want the heck, I'll wait until the market opens in 15 minutes to sell and got busy for an hour and then it was too late.  Bezos level decision making.

 
Re: Hgen - I’ve seen a few people say no company allowed to apply for an EUA has been subsequently denied it. The fda just won’t let you apply. I can’t verify that, but it’s possible and at least makes sense. 
 

Also, 466,000 shares shorted today, so there’s your reason for the stock fall. 

 
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