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Posted (edited)
1 hour ago, ERICOPOLY said:

 

I bought 200 contracts of $5 strike March this morning.  New position.

 

What strike/duration do you hold?

Haha we meet again. I had some Dec but just started the March 5s as well. Got 80 last week. 100 yesterday. 100 more today. 

 

Tangentially, the AIV spinoff was now 3 Qs ago. They still dont even have their website fully updated, no IR efforts, and not even a simple investor deck.....why would that be? The evidence continues to point to this being a deliberate act...ask oneself, if I had to make a spin off as ugly and unattractive as possible, what would I do? Answer? Pretty much everything they did and are continuing to do. Would be something if they even duped loud mouth Litt and his attention seeking antics into sticking with plain vanilla AIRC at the expense of where all the value was hidden....

 

Forgot to mention as well...best part of the calls here? No dividend on this one, and a good possibility of buybacks. 

Edited by Gregmal
Posted

Also shorted some BRG Jan $10 puts for 65c. Not really an endorsement of the company AT ALL, but just a logic trade backed by what seems like a fat compensation check for taking stock at a price the may warrant another activist takeout offer or two....

Posted
3 hours ago, Gregmal said:

They still dont even have their website fully updated, no IR efforts, and not even a simple investor deck.....why would that be? The evidence continues to point to this being a deliberate act...ask oneself, if I had to make a spin off as ugly and unattractive as possible, what would I do? Answer? Pretty much everything they did and are continuing to do. Would be something if they even duped loud mouth Litt and his attention seeking antics into sticking with plain vanilla AIRC at the expense of where all the value was hidden....

 

Hmm, I think this violates Hanlon's razor (never attribute to malice that which is adequately explained by stupidity).

 

🙂

Posted

WISH. Everyone seems to dislike this company except for some of the WSB herd. I still can’t understand why Jackie Reses, who was brilliant at Square, would join full time. She could have had any job she wanted. Any job. And she took a comp package that has $20-$30+ on the shares for payout. Is the goal to shape up the business and sell? Revamp strategy? You know she has a plan. 

Posted
On 9/2/2021 at 10:02 PM, lnofeisone said:

Bought some super cheap TGP 17.5 nov calls 0.25. Lotto size position.

Sold 1/2 of the position at 0.75. Will ride the rest into expy. Unclear what's going on with TGP but it's uncorrelated with either shippers or natty.

Posted
2 hours ago, bathtime said:

WISH. Everyone seems to dislike this company except for some of the WSB herd. I still can’t understand why Jackie Reses, who was brilliant at Square, would join full time. She could have had any job she wanted. Any job. And she took a comp package that has $20-$30+ on the shares for payout. Is the goal to shape up the business and sell? Revamp strategy? You know she has a plan. 

 

I think the plan is "help the nerd monetize the data and two-sided network" as was the case with Google and Facebook.

 

Could also be related to "In October 2015, Reses joined Square, Inc. to head Square Capital, the company’s start-up small-business lending program.":

https://en.wikipedia.org/wiki/Jacqueline_Reses

 

I might buy this shitco back at some point, but it is difficult to have buy-and-hold conviction in these types of companies.

Posted
19 minutes ago, formthirteen said:

 

I think the plan is "help the nerd monetize the data and two-sided network" as was the case with Google and Facebook.

 

 


Ha.

 

The fanboys think she’s going to make it a fintech, by moving into payments. But she threw cold water on that in a Tweet response and said it was an e-commerce company not a fintech.

 

There was a time when everyone hated SNAP’s business prospects. So I’m wondering if WISH can pull off a transformation. Plenty of cash and they’re pulling way back on ad spend. Which is probably Reses’ counsel. New CFO is next move. If GME can moon from just ex Amazon hires. Maybe WISH can do a similar but less dramatic org shift. 

Posted
On 9/3/2021 at 8:28 PM, Dynamic said:

Wrote some $282.50 BRK.B puts SEP 17 2021 for $2.90

Also wrote some $280.00 BRK.B puts SEP 24 2021 for $3.80 fully cash covered.

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