The Investment Thread (12 Viewers)

[itztime]

I don't think that includes options which would have been a lot more than $19M.

What a douche

 

[Turfie]

From what I understand he cashed out at about 39.4 million, taking a $19.5 million dollar profit and had to pay 19.9 million back to BBBY. Had he waited until 9/2 he wouldn’t have had to pay any money back to BBBY, so everyone is scratching their head at what the hell is going on.

Whoa. What if that was the play. Look at what he tweeted on August 5th.


What if he knew the profits would indeed have to go to the company.

 

[itztime]

Whoa. What if that was the play. Look at what he tweeted on August 5th.


What if he knew the profits would indeed have to go to the company.

SEC rules, as part owner you cannot sell stocks within 6 month time frame of purchase or you forfeit your profits back to the company, so without a doubt he knew.

 

[itztime]

I am seeing so many theories on RC and BBBY, most sound wonderful and one could only hope it’s to expose WS corruption and the common man winning one. RC would have to have a heck of a legal team, major WS strategist and hope he doesn’t fall on the sword. I feel like it’s ‘96 and waiting for the Makaveli theory to be true about Tupac. For now though this is fun to watch with fingers crossed.

 

[bclemms]

I am seeing so many theories on RC and BBBY, most sound wonderful and one could only hope it’s to expose WS corruption and the common man winning one. RC would have to have a heck of a legal team, major WS strategist and hope he doesn’t fall on the sword. I feel like it’s ‘96 and waiting for the Makaveli theory to be true about Tupac. For now though this is fun to watch with fingers crossed.

It reminds me of Qanon running into the election.

Everything is fake news, some secret underworld pinned against the short squeeze trader. A cult leader spraying all kinds of vague and cryptic tweets and a million conspiracies running wild.

I don't think this is over. Selling out your base for a small percentage of your net worth doesn't add up. Either that or RC figures he could do it and then blame it on Citadel. The most messed up part of the whole thing, Cohen dumped a huge percentage of his shares right when BBBY was breaking out and about to really squeeze. On the other hand, hard to do a short squeeze while the company defaults and it's about to. Last year Q1 it had $1B in cash equivalent value. End of the first quarter that number was down to $100M and we are in Q3 now. The theories that Cohen made money for BBBY to continue to operate by making that trade is also pretty silly as it raised enough money to extend a few weeks at best.


It all just seems like insanity to me.

 

[Saint_Ward]

I'm glad I took some profits from AMZN, GOOG, and APPL a few days ago (or last week? What day is it? haha) before they dropped a bit.

 

[Turfie]

BBBY sitting at 9.75 in after hours. I initiated a transfer of GME shares yesterday and I can’t do much until it’s completed.

 

[itztime]

$APE halted less than 10 minutes in, was climbing to $9.

 

[Turfie]

You guys taking any dart throw gambles?

My FNKO has done ok. I’m done buying GME/Bbby unless Bbby hits $5 or GME $25.

 

[bclemms]

You guys taking any dart throw gambles?

My FNKO has done ok. I’m done buying GME/Bbby unless Bbby hits $5 or GME $25.

I've been scalping the daily big mover in the mornings just after the bell but really I'm just letting my puts do their thing. Plus I've been too busy this last week to keep up and that doesn't look to be changing next week so I'm about to lose track of the market again.

 

[Turfie]

I was typing in random letters looking for tickers.

Found Yuengling’s Ice Cream Corporation.



It spun off of the other Yuengling brands and is publicly traded.


Might toss 50 bucks on it. I can’t believe this is real. But it is.

Edit. Upon further review there isn’t much of a “real” connection anymore between the beer brewery Yuengling and this ice cream.

 

[soupcan dan]

of all the places to get financial advice----i listened to CNN Money. i threw 2k into I-bonds

1) I bonds are currently at 9.62% and heading up.

2) I'm 58 and putting away 14% into the 401---- only a 3% match

3) i wont retire for another 10 years.

4) 10k annual max for electronic plus 5k max for paper I bonds

5) no touchy for 2 years, then 3 months interest penalty for years 3-5.

6) federally taxable, state leaves you alone.


I'm a gonna lower the 401 contribution and pump $20 a week into the fund--- the government website is quite simple and allows for automatic deductions.

wish me luck.

 

[Turfie]

Lol.

 

[Turfie]

Friday afternoon I’m looking at AVCT. Texted my brother. He actually bought $200 worth. I stayed on the sidelines.

It went up 150% today.

 

[Turfie]

Congrats to those holding puts. Quite the bloodbath today.