Gregmal

This was epic. Antics aside, Goncalves is the man and the definition of a shareholder friendly CEO. What he's done here is remarkable.

These are both highly speculative and require the assumption you'll lose every penny, so size accordingly. But, I think MLNT and TDW.a/b warrants fit the title profile.

MSG and CIBR

VIC is a great resource and the discussions are IMO more valuable than the write ups. You have other incredibly bright minds that can all interpret new data on the fly and give you a pretty well rounded idea of were "the market" consensus is. Honestly never heard or used the other site.

Looks like a small float with no options(at a very brief glance). That said, the ATM offering is likely to put somewhat of a lid on this. Doing a 15M offering with a 30M+ valuation is huge. Additionally, ATM means these will be dumped directly into the market, rather than placed.

LOL California is a great example of what will happen if we let the liberals run rampant. What a disaster. Best part is when they "threaten" to secede! Please, leave. Although the Democrats would never let that happen because they'd lose like 25% of their base.

Pay for it. I have heard they have different rates for different people.

My thoughts have always been that coming of age during the financial crisis would be a blessing. You basically get into things on a generational reset. Housing prices are cheap, employment would start out challenging but be in expansion for for the next 10-20 years, and more importantly, you'd have fresh in your mind the lessons learned by others during the GFC. I never thought it would be an excuse.

A car salesman makes his living selling cars. Is he really supposed to tell you that you can't afford it? That the car is inferior to a competing product? Why are mortgage brokers, real estate agents, etc different. I've spent a lot of time around these types of people. If these are the folks we are relying on the responsibly guide the country, we're screwed... To the point made prior, there are way too many kids that go to college simply to have a social life and avoid starting a career. This I believe is the crux of many of the liberal arts majors. I mean it is known, at least I certainly did, if you want to make decent money, don't be an x,y, or z major. Its part of the stupidity and selfishness that people choose to do so anyway. And spare me the do what makes you happy/ what you are passionate about nonsense. I am passionate about hockey cards. If I decided at 19 to open a sports card and memorabilia business I'd be a moron...

It makes sense that if you have to pay off your $70K student loans you'll have less money for a down payment and will then have to delay home ownership. Tuition was nowhere near this high 20 years ago. I wouldn't even say it's that. It's that the $600 a month loan payment makes it very difficult to get the debt to income ratio where it needs to be. Given that loans don't go away for 15 years or so, that takes you to your mid 30's and if you make $75k a year it eats up about 25% of the room in the borrowing equation.

Yea I think it's really tough to work something with the puts in terms of a purchase. They're just way too expensive. IMO the money is in selling the options, whether it be puts, or calls, or both, especially if you can trade around in the stock and also collect some of the rebate. I believe there are now 2020 options available. Was told the borrow today was near 80% a month. Just incredible. Makes the Volkswagen squeeze look like child's play. This has a $25B valuation on 23M in sales.

I guess one of the more interesting aspects here is this. If you're getting 30% a month, or even more in some cases, doesn't that incentivize people to hold even further? INcredible stuff here

Insanity LOL $220

Don't rip it though. Then they'll all go "at least read the book first. It's got some real sources!" LOL Partisan hacks getting rich off Trump. Only joke is on the people paying for this nonsense.

https://nypost.com/2018/09/18/andrew-mccabe-is-planning-to-release-his-own-trump-book/ LOL everyone is trying to get rich telling stories about Trump. Liberty, I expect you'll give us the review when you get it?

Borrow is around 600%. Never seen that before.

https://nypost.com/2018/09/17/paul-singers-hedge-fund-backs-away-from-athenahealth-deal/ He's back at it again with the antics. I feel like if you gave any half competent person $10B+ they could do what Elliot does. Basically just trash companies/board, litigate, and play poker trying to force sales.

Reminisces of a Stock Operator

The tards are insatiable, but it always ends the same. Literally EVERYONE in this is short term, which is an advantage to longer term investors. I get a kick out of reading some of the commentary on this. "It's cheap because it's down today and CGC and CRON are up"... This is who's on the long side of this stock.

Saw that last night. Pretty incredible there are people paying 30% per month to short this. Utterly stupid. Especially when, as I've mentioned, you can put on essentially the same trade, IE short a longer dated $20,$30,$40, etc call, pretty much for free. This whole thing is pretty breathtaking though. The other names, CGC, CRON, etc already look to have cracked. Been a while since I created positions via options but isn't there an arbitrage opportunity then, to buy the shares and lend them out (pocket the 30% or whatever your broker gives you) and recreate the opposite position via options so you are market neutral? edit: nevermind - you'd have to go long the puts which should have the 30% carry baked in. While there isn't really an arbitrage opportunity per say, I think there are ways similar where the odds are very much in your favor. At the current HTB fee of 370% annually, if you went long the stock while selling a longer dated $20 call, you are in an arbitrage position after what? Maybe 3 weeks, assuming the stock stays around here, or goes higher? Even if it goes lower, you would be hedged down to $20, essentially meaning the trade equation works for you if the stock doesn't go below $20 before the short rebate covers the difference. This situation(TLRY) is very fascinating to me on multiple levels.

Saw that last night. Pretty incredible there are people paying 30% per month to short this. Utterly stupid. Especially when, as I've mentioned, you can put on essentially the same trade, IE short a longer dated $20,$30,$40, etc call, pretty much for free. This whole thing is pretty breathtaking though. The other names, CGC, CRON, etc already look to have cracked.

Two questions How many hacks have tried capitalizing on Trump fever with books? How many people/organizations have made a ton of money off of the business of riding Trump's coattails since he became president? Wasn't Trump highhandedly responsible for reviving the NYT?

Quite awesome. Only way it would have been better is if he took a knee!

IV has come out of the options a little bit, but there's still enough there to be worthwhile. You're basically trading against tards at this point. No one in their right mind is buying at these valuations. $2M contract announcement causes 900M market cap increase? Okayyyy. That and traders, which IMO are just speculations/gamblers, another form of stupid counter parties. Personally I don't think we've seen the top yet. IB had borrow at nearly 325% earlier, so being outright short is silly as well. Lot of different ways to play this.

It's something I've also noticed. It seems many here, and with value investors in general, there is some prerequisite for one to be so crippled by fear of "the next big one" that they spend all their time burying their acorns, however unlike squirrels, the events they prepare for are not annual, they're pretty much generational. Yet the next notion of the "value investor" is to act as if these generational events happen much more frequently than they do, and believe that they(the investor) will be waiting right there with a huge pile of cash to pick up all the great, cheap businesses when it happens. Historically, this is not how it works. Not only does this make them so frugal it becomes counter productive, but it makes it a miracle for them to even get within an earshot of beating a benchmark. If you are a half skilled investor, or simply put in the time, it's pretty darn easy to regularly generate alpha producing ideas. I think "being hedged" or crying about valuations became a clever institutional tool used to milk fees and justify shitty performance.