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Elephanthead
Sep 11, 2008


Toilet Rascal

Josh Lyman posted:

Wouldn't the short position be split adjusted? For ease of calculation, lets say you short 250 shares at 10 cents before the reverse split for $25 then buy 1 post split share at $2.

$23.00 less commissions and premiums. so 9X% return.

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hostile apostle
Aug 29, 2006
:stadia::stadia::stadia::stadia::stadia:
Stadia didn't outlive SA but it did outlive Lowtax - Happy Birthday Stadia! #ad
:stadia::stadia::stadia::stadia::stadia:

GoGoGadgetChris posted:

$5 cash balance in my robinhood account was burning a hole in my pocket

Officially a HMNY bagholder

Back to 9,000 please!!!

Dude just buy some option instead, at least there would be some small chance of making something rather than just burning up your money

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
But what if stock go up!

Elephanthead
Sep 11, 2008


Toilet Rascal
you are going to lose all your money in the next 30 days, you should be taking the 100,000 to one shot not the 100 to one shot.

Macaroni Surprise
Nov 13, 2012
I just looked up DRYS, what the gently caress is the story there? Was that legit a scam that somehow went through? How was it connected to the Trump election?

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Combination of reverse stock split and a massive pump and dump campaign on facebook

It's a scam, don't touch it

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!
https://www.bloomberg.com/news/articles/2018-07-30/sac-alum-plotkin-makes-a-massive-short-bet-against-nintendo

YOLO :japan:


quote:

Gabriel Plotkin, head of New York hedge fund Melvin Capital Management, has accumulated a $400 million short bet against the Japanese game maker, according to regulatory filings.
 

Combat Pretzel
Jun 23, 2004

No, seriously... what kurds?!
What's the shortest interval for reverse splits? Seems like HMNY needs to do another one soon.

sleepy gary
Jan 11, 2006

I'm not sure if there is a regulation for that. DRYS was doing them every week or so for a while.

Harry
Jun 13, 2003

I do solemnly swear that in the year 2015 I will theorycraft my wallet as well as my WoW
DRYS was a combination of failing business, reverse splits, and short squeeze. I think at one point 80% of shares were shorted.

Jack Daniels
Nov 14, 2002

sleepy gary posted:

I'm not sure if there is a regulation for that. DRYS was doing them every week or so for a while.

yeah the once per week or two weeks for like months straight lol

DRYS and TOPS were in a competition

Jack Daniels
Nov 14, 2002

Jack Daniels posted:

lmfao yeah going real well so far :thumbsup:

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

GoGoGadgetChris posted:

But what if stock go up!

Update - stock go down

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
bought more TERP, BEP, and BPL. Added to TWTR short this AM and bought some aug30 puts on the IWM. Tank this piece of poo poo market

sleepy gary
Jan 11, 2006

GoGoGadgetChris posted:

Update - stock go down

A company having serious liquidity issues necessitating lovely loans and an authorization to sell a billion new shares is going down in stock price I just can't understand it.

Dr. Fraiser Chain
May 18, 2004

Redlining my shit posting machine


Chances that movie pass comes with the crypto currency in 2 months?

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

sleepy gary posted:

A company having serious liquidity issues necessitating lovely loans and an authorization to sell a billion new shares is going down in stock price I just can't understand it.

Gotta go against the Common Knowledge if you wanna make big money in this hustle my friend,

Cheers!

Go GO Gadget Chris OUT

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:

Goodpancakes posted:

Chances that movie pass comes with the crypto currency in 2 months?

There is a 0% chance this company exists in 2 months.

numberoneposter
Feb 19, 2014

How much do I cum? The answer might surprise you!

what about the fannie mae/freddy mac long game

FreelanceSocialist
Nov 19, 2002

numberoneposter posted:

what about the fannie mae/freddy mac long game

I'd be more willing to invest in BigMac coins at this point. At least I could afford to eat when everything blows up.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

EAT FASTER!!!!!! posted:

There is a 0% chance this company exists in 2 months.

HMNY will exist AND be listed on October 1, 2018, mark my W O R D S

Agronox
Feb 4, 2005

numberoneposter posted:

what about the fannie mae/freddy mac long game

Hmm? What about it? Ultimately the thesis relies on the federal government paying a windfall to vulture investors, and I really don’t think it’s going to happen. The status quo is weird but it mostly works.

Leperflesh
May 17, 2007

GoGoGadgetChris posted:

HMNY will exist AND be listed on October 1, 2018, mark my W O R D S

You mean, because it's so toxic nobody's going to acquire it at any price, so the corporate entity will continue to exist until the bankruptcy court is done disposing of it's remaining assets (mostly office furniture)? And because while that is going on, it will be listed on the pink sheets?

Because if so :agreed:

sleepy gary
Jan 11, 2006

Well to be fair, by making the service unusable, they are doing a great job of stopping the bleeding.

BusinessInsider posted:

In an all-hands meeting on Monday, MoviePass CEO Mitch Lowe announced that upcoming big releases like "Christopher Robin" and "The Meg" will not be available to subscribers, a source familiar with the matter told Business Insider.
The implication was that the practice of not offering tickets to major releases would continue for the foreseeable future.

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich

numberoneposter posted:

what about the fannie mae/freddy mac long game

Listen to Buffett and don’t invest in banks or cash

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
Warren buffett loves banks?

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Nikkei is about to go into crisis mode if this continues for even 4/5th if the week and the BoJ is going to step in. The government is raising interest rates preemptively so that it can drop them again when the poo poo starts to go down. I give it until Friday.

If I was a swing trader I would be shorting a lot of my portfolio on it.

fatal oopsie-daisy fucked around with this message at 00:15 on Jul 31, 2018

Woodchip
Mar 28, 2010
What’s pressuring the Nikkei?

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!
https://www.japantimes.co.jp/news/2018/07/30/business/economy-business/taming-tokyo-whale-bojs-stock-market-distortions-coming-new-scrutiny/

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Lots of expected bad earnings reports incoming on Wednesday and Thursday, BoJ probably changing monetary policy to anticipate the aforementioned drop (self-defeating as it is) which will cause the yen to inflate which basically ruins the key point of Abe Shinzo’s economic policy and puts the country back in its hole with no real way out aside from blowing the whole thing up and waiting another 30 years.

The truth is that, except for cars, no one is buying Japanese exports right now and the gamble to help Japanese export firms survive in Asia is failing. Most of the successful Japanese businesses this week are financials that aren’t doing any business with Japan themselves. I talked to a DC/DB pension planner for Kao this week and she let me know that poo poo is mega-hosed with most pensions in the private sector as well, no one wants to jump on Abe’s wild ride.

fatal oopsie-daisy fucked around with this message at 00:40 on Jul 31, 2018

Woodchip
Mar 28, 2010
So what’s a us-exchange based way to play this?

Or 420 forex gambolll erryday

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Just Forex short the yen is the easiest way but you could also just short the Nikkei instrument as a whole if you don’t wanna specifically research each company’s earnings reports for this week

edit: Also the government is literally trying to put people out of business by raising the minimum wage by like 4%, forgot to mention that. Deflation is going to gently caress this country up real bad when it starts rolling.

fatal oopsie-daisy fucked around with this message at 02:05 on Jul 31, 2018

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

fatal oopsie-daisy posted:

Just Forex short the yen is the easiest way but you could also just short the Nikkei instrument as a whole if you don’t wanna specifically research each company’s earnings reports for this week

edit: Also the government is literally trying to put people out of business by raising the minimum wage by like 4%, forgot to mention that. Inflation is going to gently caress this country up real bad when it starts rolling.

Inflation in Japan?

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Whoops yeah I meant to say deflation

Basically the yen going under 100 per 1 USD is bad news

fougera
Apr 5, 2009

melon cat posted:

Agree on both points. Tesla's now selling $1500 surfboards and I can't tell if it's just a cute merch-out or if they're actually just cooking up silly poo poo to make it some weird side-revenue stream. In either case, I think that the only thing keeping TSLA a "viable" company is the fact that they're currently the only automaker really focusing on EVs. But even then, Ford is committing to 40 new electrified vehicles by 2022, so if the other vehicle manufacturers have similar plans (which they probably do) then Tesla is effectively hosed.

I just looked at puts and holy crap they are expensive. I'm still tempted...

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
If u got big balls, u gotta sell da calls

Femtosecond
Aug 2, 2003


Came in here to post this. I don't know how one can make such a bold bet without some sort of inside knowledge.

Anyway Nintendo results come out after close tomorrow which should be interesting.

Josh Lyman
May 24, 2009


I bought a 12 month subscription to MoviePass in December for $90. I definitely got my money’s worth, but it’s basically dead money since Infinity War.

fatal oopsie-daisy
Jul 30, 2007

by R. Guyovich
Wow Bank of Japan is actually sticking with it's easy money policy

Well I guess that means they know they're hosed and just want to appear absolved while the ship is sinking

Sadly that means the drop, when it happens (which it will) is going to be almost impossible to predict.

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greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered

fatal oopsie-daisy posted:


Sadly that means the drop, when it happens (which it will) is going to be almost impossible to predict.

A truly stunning development, an unpredictable drop in markets

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