Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
QuarkJets
Sep 8, 2008

Le0 posted:

Is there a crypto discussion thread on SA, can't seem to find anything

I assume you mean cryptocurrency, there is a thread full of experts talking about it all the time here:

https://forums.somethingawful.com/showthread.php?threadid=3838405

Adbot
ADBOT LOVES YOU

Red
Apr 15, 2003

Yeah, great at getting us into Wawa.

QuarkJets posted:

If that's the case then you're in the wrong thread, you want the retirement investment thread where they'll tell you to buy mutual funds and ETFs

I did that part, too!

honky dong
Sep 2, 2011

gay picnic defence posted:

Has someone involved in the company got a history of involvement in lovely companies that have failed? I was reading some investor updates from some hedge fund and it sounded like the background of key management personnel is a big thing they look for in short targets.

Interesting. Their CEO/President looks good -- phd with extensive experience and brought their first fda approved product to market quickly. The most recent analysis available on TD Ameritrade was when the stock was trading for less than a dollar last year, so that's pretty outdated. I see some recent inside buys filed in January and just a few days ago -- pretty substantial options so at least some in the company are bullish. And lots of financial institutions bought up pretty large chunks of the company, too, recently. I don't imagine they're looking to lose money on those. If it stays steady around 3.00, I may add 100 shares a month for awhile and see how it plays out.

pmchem
Jan 22, 2010


mentioned it in discord at the time, but,

bought: 1 XLE 6/18 50c @ 3.20

like 8 minutes before close today. my main regret is not buying two (a lesson from past options so I can take profits and still have a runner) but I was busy and market was kinda volatile. there was too much panic already in the air, figured the move was to buy a call on reopening (/CL was down nearly 8%!) instead of a put on trash stonks.

Liquid Communism
Mar 9, 2004


Out here, everything hurts.




reignofevil posted:

Picked up another share of Disney at 191.97, working under the assumption that this is a much safer bet over the next five months than AMC.

Yeah, I cashed out of AMC, made a cool three grand in the process of riding it from $7 to $14. Trying to decide if I just throw that into something safe or find a new gamble.

Zerstorung
Jun 27, 2008

dipwood posted:

VUZI running hot this week, got down to 18 but at 25 now. Good Q4 earnings, and a big order the other day. I'm like 33 @ 21.13 (was 25 @ 21.69 but i bought more shares at 18/19) and I think either they'll scale up or get bought out. This is a new peak though so it might oscillate back down.

Their "good Q4 earnings" was because they booked $1.5m in COVID relief loan forgiveness. Without that, it would have been their 2nd quarter in a row of growing losses, even if you consider an uptick in sales.

Their product margin in 2020 went (-4%) to 9% to 11% to 7%, and when an analyst from Maxim asked about the drop from 11% to 7%, the CFO started straight up bullshitting until the CEO stopped him and then tried to claim that it it was 28% if you look at the whole year :confused:. Then the CFO jumped back in and said "even higher than that...around 46%". (Maxim downgraded their rating for the stock a day later).


They claimed they have $52m in cash & equivalents, which somehow turned into $60m on the earnings call, but on the 10-K they actually have ~$37m ($52m was their bottom line total for assets).

They also appear to have backed away from their new consumer sector product that they've been dumping millions of R&D a quarter into. It was originally supposed to be released to developers today, but on the earnings call, they barely mentioned it other than that they were shifting to focus on enterprise.

They were also asked about Q1 estimates in the call (Q1 is essentially over, so they definitely know), and they mumbled and dodged the question entirely.

COVID bumped them up from a trailing average of $1.5m/Q in sales to $3m, which they're parading around, but it's already peaking.

Even if sales stays up and their margins magically improved to 28%, they would STILL have to grow from $3m million/Q to $27 MILLION/Q in sales to break even on opex.

So just so you understand, the bet you are making is on them hitting ALL of the below within a year and a half:
-growing sales 9x
-reducing their manufacturing costs ~20%
-maintaining their current OPEX levels
-weathering an unfavorable market (COVID recovery) which they are already showing signs of decline from
-having no additional competition from Apple/Microsoft/Google


Their stock price before ARK/MOON started loading the truck was $4, and this was in December 2020 - four months ago. They are now trading 6x that at $24 that with only 1.5x more sales, which was likely primarily because of COVID uncertainty.

Their "big order" was $400k, and they even revealed in the press release they were trying to sell to the customer for 18 months before they agreed.

My opinion is that it's a big media blitz to pump the price and allow their institutional investors to exercise warrants and cash out.

But I guess at this point the whole market has gone several steps past casino and is now betting on dice in the back alley, anyway, so whatever.

Zerstorung fucked around with this message at 05:08 on Mar 19, 2021

Deviant
Sep 26, 2003

i've forgotten all of your names.


Apparently qqq is the official etf of the ncaa? The gently caress does that even mean?

TheWevel
Apr 14, 2002
Send Help; Trapped in Stupid Factory

Deviant posted:

Apparently qqq is the official etf of the ncaa? The gently caress does that even mean?

the “road to the final four” is actually referring to the stock price

Tetramin
Apr 1, 2006

I'ma buck you up.

Deviant posted:

Apparently qqq is the official etf of the ncaa? The gently caress does that even mean?

Lmao cool

Shear Modulus
Jun 9, 2010



Deviant posted:

Apparently qqq is the official etf of the ncaa? The gently caress does that even mean?

it means that the NCAA is an amateur sports organization that exists purely for the love of the game

Liquid Communism
Mar 9, 2004


Out here, everything hurts.




Shear Modulus posted:

it means that the NCAA is an amateur sports organization that exists purely for the love of the game

Clearly, and that's why they can never let athletes profit from their image rights.

YeahTubaMike
Mar 24, 2005

*hic* Gotta finish thish . . .
Doctor Rope

Toobly posted:

Go do that with SLS lol

Jesus what the flying gently caress :psypop:

dipwood
Feb 22, 2004

rouge means red in french

Zerstorung posted:

My opinion is that it's a big media blitz to pump the price and allow their institutional investors to exercise warrants and cash out.

You are probably right about all this. Not sure how but I'll try to be cautious about this.

Etown
Mar 4, 2003

honky dong posted:

Oh poo poo must be two honky dongs

Must be better than one honky dong!

QuarkJets
Sep 8, 2008

Red posted:

I did that part, too!

Nice! Then you're on a good and righteous path

shame on an IGA
Apr 8, 2005

honky dong posted:

Oh poo poo must be two honky dongs

Yeah I don’t quite know what to think about SENS — hence just a small position for me for now. Seems there’s potential because it seems like a decent company with a good product and lots of patents. Lots of short interest and bearish outlook by analysts though. I’m wondering what info that’s based on

Yeah he's thinking of Honky Dong Country

cr0y
Mar 24, 2005



HasTheWitchingBeenWotched.com

no it's not a real site

Tokyo Sex Whale
Oct 9, 2012

"My butt smells like vanilla ice cream"
Quad witching/gamma stuff. Max pain on QQQ is 314 which corresponds to about 12850 on /NQ, exactly where it’s at now. SPY had a lot of call volume at $390. QQQ has negative gamma, SPY worked off a lot yesterday and is modestly positive.

Expectation would be violent moves intraday, more violent in Nasdaq to end around those spots. If for some reason SPY trades significantly below 390 (like say 385/3850 on /ES) things are potentially breaking down and sit it out. Otherwise buy dips/sell rips on Nasdaq using SPY as your indicator. Futures contracts settle iirc at 2:00 so things could release from those pins in the afternoon.

Fake edit: /NQ has sold off 100 points and recovered 80 since I started typing this

Zypher
Sep 3, 2009

Rutgers

Your 2006
Mythical National
Champions!

Deviant posted:

Apparently qqq is the official etf of the ncaa? The gently caress does that even mean?

Literally just saw my first qqq commercial "let's meet the real champion! investor who bought Invesco's qqq"

cr0y
Mar 24, 2005



My mom just texted me asking if I have ever heard of Robinhood so time to talk her out of getting involved in this insanity.

You can't trade options right off the bat in RH can you? :ohdear:

Willzilla
Aug 16, 2006

Rawr
vanguard doesn't want my UVXY blood money :(

Mr. F!
Sep 21, 2016

cr0y posted:

My mom just texted me asking if I have ever heard of Robinhood so time to talk her out of getting involved in this insanity.

You can't trade options right off the bat in RH can you? :ohdear:

You have to go into settings and enable options specifically

reignofevil
Nov 7, 2008

cr0y posted:

My mom just texted me asking if I have ever heard of Robinhood so time to talk her out of getting involved in this insanity.

You can't trade options right off the bat in RH can you? :ohdear:

https://blog.robinhood.com/news/2020/9/7/an-update-on-robinhoods-options-offering

quote:

Additional Eligibility Criteria

We're rolling out new financial criteria and revised experience requirements for new customers seeking to trade Level 3 options strategies. Robinhood requires customers wishing to trade options to disclose, among other things, investment experience and knowledge, investment objectives, and financial information such as income. Robinhood then conducts an assessment of this information in deciding whether a customer may be approved for options trading.

So honestly, if the people on WSB are getting approved for this there is a 100% chance she would be but she'd probably have to ask for it.

cr0y
Mar 24, 2005



Gonna just have her give me $50 and in a week I'll give her $75 and say she won capitalism.

Tetramin
Apr 1, 2006

I'ma buck you up.
Good morning for me. I picked up some SPY puts with a strike of 389 and closed them after about 15 minutes for +120% and it appears to be recovering after that drop. I don’t really do 0DTE options so lol woooh boy that was an intense 15 minutes.

Tetramin fucked around with this message at 16:12 on Mar 19, 2021

Ola
Jul 19, 2004

Yeah it is a bit witchy today.

Megasabin
Sep 9, 2003

I get half!!
I have a question. I have a call option that expires today. I actually want to exercise it to purchase the underlying stock. The strike price is 22.50 and the stock is currently sitting at 25. I called Schwab and they told me they couldn't execute it on the day of expiration, however it would actually auto-execute at the end of the trading day/overnight as long as it remained in the money and I had the buy powering available.

This was news to me, but I think I've never let an option expire that was ITM before. I know that it often doesn't make sense to do so, but I think options on SPACs that haven't had a DA yet create exceptions to that rule.

Does this all sound correct? I don't really understand why there is a special rule on the last day and why the broker just couldn't exercise the option for me right now, but if he's telling the truth I don't really have an issue with waiting the extra day.

DoubleT2172
Sep 24, 2007

Megasabin posted:

I have a question. I have a call option that expires today. I actually want to exercise it to purchase the underlying stock. The strike price is 22.50 and the stock is currently sitting at 25. I called Schwab and they told me they couldn't execute it on the day of expiration, however it would actually auto-execute at the end of the trading day/overnight as long as it remained in the money and I had the buy powering available.

This was news to me, but I think I've never let an option expire that was ITM before. I know that it often doesn't make sense to do so, but I think options on SPACs that haven't had a DA yet create exceptions to that rule.

Does this all sound correct? I don't really understand why there is a special rule on the last day and why the broker just couldn't exercise the option for me right now, but if he's telling the truth I don't really have an issue with waiting the extra day.

If i got that as an answer i'd probably request it in writing to fight back if it didn't auto-execute at market close

The Polish Pirate
Apr 4, 2005

How many Polacks does it take to captain a pirate ship? One.

Megasabin posted:

I have a question. I have a call option that expires today. I actually want to exercise it to purchase the underlying stock. The strike price is 22.50 and the stock is currently sitting at 25. I called Schwab and they told me they couldn't execute it on the day of expiration, however it would actually auto-execute at the end of the trading day/overnight as long as it remained in the money and I had the buy powering available.

This was news to me, but I think I've never let an option expire that was ITM before. I know that it often doesn't make sense to do so, but I think options on SPACs that haven't had a DA yet create exceptions to that rule.

Does this all sound correct? I don't really understand why there is a special rule on the last day and why the broker just couldn't exercise the option for me right now, but if he's telling the truth I don't really have an issue with waiting the extra day.

I had a $1.50 SNDL and the stock was $1.80 at the end of expiration day. I assumed RH would auto execute and then I noticed that the call expired worthlessly.

I emailed support and they were completely useless telling me that the option was worthless. Was super pissed trying to do whatever I could and then suddenly on Tuesday I had the shares in my account.

This is all to say I'm still nervous about expiring ITM calls and I'd probably call back to get a different rep to ensure that will actually be the case

Hillridge
Aug 3, 2004

WWheeeeeee!
When trading a spread with Fidelity, will they just sell at bid and buy at ask to ensure it goes through, or will they try for a better price on each leg?

Wondering if I do it the easy way, or try and leg it out instead for a better outcome.

pmchem
Jan 22, 2010


what do you guys make of AMC? it began big runs right after the january opex (jan. 15) and february opex (feb. 19). I kinda wonder if whoever's loving with it comes for the shorts next week using their newfound gains on calls from this opex. on fundamentals it's garbage, it should be valued at like $1, but this is a suspicious and interesting (sample size of 2) opex trend. kinda thinking of getting some lotto OTM calls.

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
Not a technical analysis here but I always hated going to AMC theaters. Worst seats, screens, and popcorn by a country mile. Their theaters are like when you walk into a Round Table Pizza or maybe a small town Taco Bell and think, god drat how is it 1998 in here?!

Kurnugia
Sep 2, 2014

by Nyc_Tattoo

GoGoGadgetChris posted:

Not a technical analysis here but I always hated going to AMC theaters. Worst seats, screens, and popcorn by a country mile. Their theaters are like when you walk into a Round Table Pizza or maybe a small town Taco Bell and think, god drat how is it 1998 in here?!

Sounds like extreme profit margin to me

Ola
Jul 19, 2004

Tokyo Sex Whale posted:

Quad witching/gamma stuff. Max pain on QQQ is 314 which corresponds to about 12850 on /NQ, exactly where it’s at now. SPY had a lot of call volume at $390. QQQ has negative gamma, SPY worked off a lot yesterday and is modestly positive.

Expectation would be violent moves intraday, more violent in Nasdaq to end around those spots. If for some reason SPY trades significantly below 390 (like say 385/3850 on /ES) things are potentially breaking down and sit it out. Otherwise buy dips/sell rips on Nasdaq using SPY as your indicator. Futures contracts settle iirc at 2:00 so things could release from those pins in the afternoon.

Fake edit: /NQ has sold off 100 points and recovered 80 since I started typing this

Spot on so far, it's pinned (ish) around 12850 now.

Hillridge
Aug 3, 2004

WWheeeeeee!

pmchem posted:

what do you guys make of AMC? it began big runs right after the january opex (jan. 15) and february opex (feb. 19). I kinda wonder if whoever's loving with it comes for the shorts next week using their newfound gains on calls from this opex. on fundamentals it's garbage, it should be valued at like $1, but this is a suspicious and interesting (sample size of 2) opex trend. kinda thinking of getting some lotto OTM calls.

I love the IV on it. I've been selling CCs well above my cost basis for an extra $100 or so a week. If it does spike and I get assigned, more profit.

Elysium
Aug 21, 2003
It is by will alone I set my mind in motion.

GoGoGadgetChris posted:

Not a technical analysis here but I always hated going to AMC theaters. Worst seats, screens, and popcorn by a country mile. Their theaters are like when you walk into a Round Table Pizza or maybe a small town Taco Bell and think, god drat how is it 1998 in here?!

All AMCs near me were fully renovated 5-10 years ago to the new style of fully reclining power independent seats that you book individually in advance, so they are generally pretty nice.

The other option was Regal, of which some had been renovated with the new seats and some hadn't, or some only in their best few screens.

Elysium fucked around with this message at 17:39 on Mar 19, 2021

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

Elysium posted:

seats that you book individually in advance,

I LOVE this, but did you know it's incredibly divisive?! Some people despise that you have to buy tickets further in advance while good seats are still available, whereas with the conventional approach you can just get there stupid-early before the show and get the good spot.

Elysium
Aug 21, 2003
It is by will alone I set my mind in motion.

GoGoGadgetChris posted:

I LOVE this, but did you know it's incredibly divisive?! Some people despise that you have to buy tickets further in advance while good seats are still available, whereas with the conventional approach you can just get there stupid-early before the show and get the good spot.

gently caress anyone who thinks a system where people can show up into a theater and only find individual seats spread out across the crowds without knowing in advance what seats were available is still a good idea.

HamsterPolice
Apr 17, 2016

Alright. All in on RICK.

Adbot
ADBOT LOVES YOU

Shear Modulus
Jun 9, 2010



GoGoGadgetChris posted:

Not a technical analysis here but I always hated going to AMC theaters. Worst seats, screens, and popcorn by a country mile. Their theaters are like when you walk into a Round Table Pizza or maybe a small town Taco Bell and think, god drat how is it 1998 in here?!

AMC has their stock go to the stratosphere while Alamo Drafthouse goes bankrupt, proving that the market is fundamentally unjust

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply