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Nvidia Corporation is so overpriced. I don't care what the interpretation of it's fundamentals are....it's just too high.
Paul Krugman suggests that--if we really need to--we could issue perpetual bonds to deal with the debt ceiling stupidity:
"The first possible strategy is simply to ignore the debt limit, declaring it unconstitutional," Krugman writes. "The 14th Amendment, which says that the validity of U.S. debt 'shall not be questioned,' has been getting a lot of attention…. A second strategy would be to exploit a peculiar legal provision that allows the Treasury to mint platinum coins of any value it chooses…. A third option would be to issue perpetual bonds — bonds that pay interest forever but no principal, and hence have no face value."
https://www.rawstory.com/paul-krugman-2660672626/
I think that could work. Though perhaps the platinum coin would be even easier. And less costly, because no interest would have to be paid on it.
Correction: QQQ. Descending from largest cap, as of March 25, 2023. That should have been May 25, 2023
Benefitting with the Nasdaq 100 index (QQQ). Descending from largest cap,as of March 25, 2023
1. Microsoft Corp Allocation: 13.42%
2. Apple Inc Allocation: 12.23%
3. NVIDIA Corp Allocation: 6.76%
4. Amazon.com Inc Allocation: 6.55%
5. Alphabet Inc Class A Allocation: 4.16%
6. Alphabet Inc Class C Allocation: 4.12%
7. Meta Platforms Inc Class A Allocation: 4.05%
8. Tesla Inc Allocation: 3.24%
9. Broadcom Inc Allocation: 2.19%
10 PepsiCo Inc Allocation: 1.82%
.
Benefitting with the S&P500 index. Descending from largest cap...
1 Apple Inc AAPL 7.392337 175.49 2.50 (1.45%)
2 Microsoft Corp MSFT 6.970742 333.14 7.22 (2.22%)
3 Amazon.com Inc AMZN 2.945762 120.27 5.27 (4.58%)
4 Nvidia Corp NVDA 2.684495 389.66 9.86 (2.59%)
5 Alphabet Inc Cl A GOOGL 2.113122 124.70 1.22 (0.99%)
6 Alphabet Inc Cl C GOOG 1.855098 125.55 1.20 (0.97%)
7 Berkshire Hathaway Inc Cl B BRK.B 1.652144 320.75 1.73 (0.54%)
8 Meta Platforms Inc Class A META 1.61665 262.80 10.11 (4.00%)
9 Tesla Inc TSLA 1.42607 193.96 9.49 (5.14%)
10 Unitedhealth Group Inc UNH 1.282982 481.55 3.85 (0.80%)
Do you realize that there are laws about making statements about securities positions, and any intent to buy or sell, in public interviews? Stating something that isn't true in a public interview is considered to be securities fraud.
I have no doubt that Ackman is telling the truth on this one. He has had enough trouble with Icann and the related SEC investigations, some of which may still be active. He isn't stupid enough to lie about this and bring more SEC attention to himself.
And today, we have an SEC enforcement action against "Ricky Bobby", a son-disant stock picker and social influencer. His real name is Vincent Sabo:
On May 25, 2023, the Securities and Exchange Commission brought partially settled charges against Francis Sabo (also known as "Ricky Bobby") in a $100 million securities fraud scheme in which Sabo, along with several other defendants previously charged by the Commission in December 2022, used social media platforms to manipulate exchange-traded stocks.
According to the SEC, since at least January 2020, Sabo promoted himself as a trustworthy stock-picking guru and cultivated a substantial following in the Atlas Trading forum on Discord, a free online forum purporting to provide educational content about trading and securities markets. The SEC contends that Sabo, like the previously charged defendants, purchased certain stocks and then encouraged his substantial social media following to buy those selected stocks by, among other things, posting price targets or indicating he was buying, holding, or adding to his stock positions. However, as the complaint alleges, when share prices and/or trading volumes rose in the promoted securities, Sabo regularly sold his shares without ever having disclosed his plans to dump the securities while he was promoting them. The SEC further alleges that from at least January 2020 through December 2022, Sabo made over $1 million from his participation in the stock manipulation scheme.
https://www.sec.gov/litigation/litreleases/2023/lr25736.htm
The complaint:
https://www.sec.gov/litigation/complaints/2023/comp25736.pdf
Why do you read interviews if you don't believe the interviewees are saying things worth paying attention to?
I know what Ackman said. You, apparently, missed that the first time around, since you've been asking me about it since yesterday.
So neither of us really know.
Thanks for confirming.
No. I am not "guessing". I am repeating what HE said: that he had no position, long or short, in IEP.
And Steven A Cohen is as pure as the driven snow.
So you actually don't know but just guessing.
But I doubt he'd like about it.
Sorry you lost me.
I'm sure he'd think about it. But I doubt he'd like about it. The SEC takes a dim view of that kind of thing.
LOL. Icahn cost Ackman over $1B in the Herbalife gun battle they fought. I'm sure he wouldn't think of screwing Icahn if he had a chance in return.
Thanks, Janice.
The Treasury won't allow it. Bottom line ..all those paid by the Government are about to get a rude awakening if they can;t get it together. Unless(that is/Treasury) they can get the unemployment rate up by causing effect to Government pay/jobs/retirement deposits...so look for even more dire actions by them. The last temporary freeze helped with the debt/spending situation and caused a flat line for two years.
Sam's just busy...
You’re welcome…
Anyone know where Sam is? He was increasingly interested in money market rates. Then he last posted on IHUB early on May 4.
https://investorshub.advfn.com/boards/profile.aspx?user=220795
I see no reason not to believe what Ackman said. He could merely not have answered the question.
LOL. Now there is something you can take to the bank. Next Buffett will be announcing his trades on a daily basis.
Thanks! That does the trick!
Ackman, who has clashed with Icahn in the past, said his firm was neither long nor short — “just watching from a distance.”
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171987712
And you know this how?
By the way, has FINRA changed the URL to the Daily List again? I can't find it. Or rather, when I click on the link I've been using, I get a page with FINRA headers and nothing else.
Ackman's said he isn't shorting IEP.
I suppose the people who'll never read it or, if they do read it, won't understand it.
who is he writing to? the people who already know it, or the people who will never read it?
Freedom caucus revolting on debt deal!! Default is near!!!
I wouldn't be surprised to learn that Ackman was shorting IEP. Pay back is a bitch.
I just have to shake my head at the stupidity/ignorance of that crowd.
Their stupidity and ignorance is evidently not lost on OTC Markets. Today, they once again posted an article about the daily short volume reports, and say they'll be expanding on it in the near future.
What Investors Should Know About FINRA Daily Short Sale Volume Data
Cromwell Coulson May 8, 2023
More than 15 years since the Securities and Exchange Commission’s (SEC) adoption of Regulation SHO, short selling activity remains a misunderstood and a highly debated topic. Short selling can improve public markets—enhancing both price efficiency and liquidity—but it can also be abused.
Recently, with meme stock volatility and “short squeeze” debates raging through Reddit, the conversation is increasingly focused on this feature of Wall Street’s plumbing. Now is the time to bring facts into the conversation.
FINRA’s recent Investor Insights post outlines what short sale data is useful and what isn’t. FINRA Short Sale Daily Volumes[1] data, for example, can create a false impression of overall short selling activity in individual securities. As FINRA notes, “some market participants mistakenly conclude that the bimonthly short interest data is understated because the Short Sale Daily Volume File reflects volume that is much larger than the positions reported as short interest. However, short interest position data does not—and is not intended to—equate to the daily short sale volume data posted on FINRA’s website.”
First, Short Sale Daily Volume File only includes trades that are published to the public (Public media trade reports[2]), not the offsetting trades that are reported to FINRA for regulatory oversight and/or clearing (Regulatory non-media trade reports[3]).
Second, there are two types of market activity in short sales: directional investor orders and temporal market making. Directional orders represent investors selling borrowed shares in the hope of buying them back at cheaper price. Temporal short sales take place when a regulated broker-dealer engages in market making activity as a dealer by providing liquidity in the form of bids and offers that allow other investors to immediately buy or sell. In order to provide this critical market function, when an investor trades with a market maker’s offer to sell shares, the market maker will fill the order. As both a ready buyer and a ready seller of shares, the market maker will be purchasing and selling shares as buyers and sellers come into the market.
The market maker continues to provide bids and offers throughout the day and its position fluctuates between long and short – and often goes back and forth many times in a single day – as investors interact with its quotes. Whenever the market maker does not have a long position in the stock, its sales will be reported as short sales even though the market maker’s net position will likely continue to oscillate for the rest of the day based on investor demand. This essential market practice, also called bona fide market making, allows for continuous two-way quotations, improves liquidity and facilitates immediate efficient trade executions for investors through all types of market conditions.
If a market maker is representing an investor’s long sell order in their displayed quote (otherwise known as Limit Order Display), the public media report trade will show up as a short sale, and the long sale will be a regulatory non-media report. In the above situations, trades initiated by a natural buyer or a long seller, the media trade reports will be marked as short sales. This further creates confusion about short activity in the market.
In some cases, a market maker receives customer sell orders and is unable to or decides not to principally fill the customer order. The market maker effectively becomes an order router seeking to obtain the best liquidity for its customer. As the market maker interacts with bids in the market to fill the order, the trades are automatically allocated to outstanding customer sell orders that are executable at those prices. FINRA Rule 5320, known as the Manning obligation, requires that market makers immediately fill all live marketable customer orders at the same or better price, before allocating trades to a market maker’s own account. Depending on the market maker’s position in that moment, sell orders may be reported as “media” short sales to the public when the regulatory non-media trade report is a regular long sale.
As the above examples demonstrate, FINRA Short Sale Daily Volume File conflates directional investors (who have a true intent to sell short) with market maker short selling activity (who incur temporary short positions in order to provide liquidity to buyers) into one confusing number. This method of publication causes the aggregate volume to appear to reflect a higher concentration of directional short sale activity than is occurring. Professionals understand that separating actual customer short sales and calculating a separate net change in market maker positions at the end of the trading day would provide a better metric for investors and regulators in determining actual short sale activity in a trading day. Unfortunately, this important information cannot be ascertained from the current FINRA Short Sale Daily Volume File.
As a result, a stock that has little directional short selling and healthy bona fide market maker buying and selling will potentially show large Daily Short Volumes. Well intended folks may point to the Short Sale Daily Volume File data without understanding how trades are processed by market makers and reported and may end up misleading investors as to the actual magnitude of genuine short selling and where it is coming from.
Understanding short sale data and getting the facts straight helps support investor protection and will build investor confidence in our markets. We will be publishing a series follow-up pieces on what information sources market professionals use to understand short sale activity and ways to enhance the datasets available to investors. At OTC Markets Group we will continue to educate and improve access to information to ensure America’s capital markets remain the envy of the world.
____
[1] While the FINRA Short Sale Daily Volumes data is collected and published by FINRA, it is under the direction of the SEC.
[2] “Public Media” reports shall mean reports of transactions submitted for public dissemination.
[3] “Regulatory Non-Media” reports shall mean reports of transactions not submitted for public dissemination.
https://blog.otcmarkets.com/2023/05/08/what-investors-should-know-about-finra-daily-short-sale-volume-data/
And IEP is down another 19% so far today. Since the beginning of May, it's dropped from over $50 to under $20...
Intel did me a favor, I suppose. When they reduced the dividend on INTC, I swapped 10% of my holding into NVDA on Feb. 24. Now I wish I had swapped 20% LOL.
I know. Up 30% since taking a position a couple of weeks ago.
Yes, here Ackman goes for the jugular...
"The IEP premium has been sustained by a large dividend yield, which is not supported by operating cash flows. The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors.
This system has worked for a considerable period of time, but it is highly dependent on the maintenance of the premium and the placidity of Icahn's margin lender(s). $IEP stock held by Icahn is not a liquid asset as it represents approximately 85%+ of $IEP shares outstanding. The shares also purportedly represent 85%+ of his net worth so he apparently does not have much outside resources to draw upon."
The above is from Bill Ackman
https://finance.yahoo.com/news/hedge-fund-billionaire-bill-ackman-132557971.html
They really don't like each other.
I don't pay any attention to what people think of F and I don't recommend it to others as well.
I do take exception to people who start talking about tractors instead of cars.
Ford has had several joint ventures along the way. The deal with Fiat over the tractor division was just one of them and they held onto a percentage along the way as I posted.
They also had a JV with Mazda and bought out Volvo cars and produced cars on the same platform for all 3.
The F-150 has always beat out any other pickup as you say and it is hardly a shitbox.
I paid for my 2008 Focus on the money I made on Ford then turned around and bought I Fusion paid for as well.
And my 1996 Ford Ranger is still running. lol
Here Hindenburg solicits tips on "hard to find information" "from atypical sources."
"we often look for situations where companies may have any combination of:
"Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges Anew"
"Bloomberg) — Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009."
"In a lengthy Twitter post, Ackman, 57, also called out 87-year-old Icahn’s use of margin loans against his shares in Icahn Enterprises LP. The stock plunged more than 13% on Wednesday, with the price reaching the lowest level in more than 14 years. Ackman, who has clashed with Icahn in the past, said his firm was neither long nor short — “just watching from a distance.”
“$IEP reminds me somewhat of Archegos where the swap counterparties were comforted by each having relatively smaller exposures to the situation,” Ackman said, referring to Bill Hwang’s family office that spectacularly blew up in 2021.
“All it takes is for one lender to break ranks and liquidate shares or attempt to hedge, before the house comes falling down,” Ackman said. “Here, the patsy is the last lender to liquidate.”
https://finance.yahoo.com/news/bill-ackman-says-icahn-somewhat-205128986.html
"Nvidia stock explodes after 'Guidance For The Ages': What Wall Street is saying"
"We're seeing incredible orders to retool the world's data centers. And so I think you're seeing the beginning of, call it, a 10-year transition to basically recycle or reclaim the world's data centers and build it out as accelerated computing," Huang said. "You'll have a pretty dramatic shift in the spend of a data center from traditional computing and to accelerate computing with SmartNICs, smart switches, of course GPUs and the workload is going to be predominantly generative AI."
https://finance.yahoo.com/news/nvidia-stock-explodes-after-guidance-for-the-ages-what-wall-street-is-saying-120105455.html
Digital World Receives Expected Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q
8:20 pm ET May 24, 2023 (Accesswire) Print
MIAMI, FL / ACCESSWIRE / May 24, 2023 / Digital World Acquisition Corp. (NASDAQ:DWAC) (the "Company") announced today that it received an expected letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). The Nasdaq notification letter has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Stock Market.
Nasdaq indicated that the Company has 60 calendar days, or no later than July 24, 2023, to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the Form 10-Q, or until November 20, 2023, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company fails to timely regain compliance with Nasdaq's listing rules, the securities of the Company will be subject to delisting from Nasdaq.
The Company is continuing to work diligently to finalize and file the Form 10-Q as soon as possible before July 24, 2023.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
That is an interesting take. I focused on this bit ... "Especially since his bread and butter of suing toxic lenders is quickly going away. That leads me to believe it is the latter."
You may have something there.
The current Dumb Dow 30:
https://finviz.com/futures_charts.ashx?p=d&t=YM
Not a good looking chart....
The S&P is where all the focus should be...always. It's been flat lining for a rough two Months. That's actually not bad(for now).
https://finviz.com/futures_charts.ashx?t=ES&p=d
Ha! .... give me one of those inexpensive Ford Rangers from 80's -90's and I am fine. Could never go wrong for such little cash. Just a basic small truck that worked.
"Dow futures slip as Fitch places US’ AAA rating on negative watch: Live Updates
"Meanwhile, Nasdaq 100 futures rallied after a strong earnings beat from Nvidia.
Dow Jones Industrial Average futures fell 60 points, or 0.18%. Meanwhile, Nasdaq 100 futures jumped 1.4%, and S&P 500 futures gained 0.45%.
Fitch Ratings put the U.e updates" AAA long-term foreign-currency issuer default rating on a negative watch. The rating agency said the ongoing debt ceiling negotiations have raised the risks that the government could miss payments on some of its obligations. However, Fitch said it still expects a resolution before the X-date
https://www.cnbc.com/2023/05/24/stock-market-today-live-updates.html
DD Support Board and Fraud Research Forum
This forum is a place for ALL to share and build research and due diligence.
This is not a forum for recommending stocks to buy or sell. It is for information sharing only.
Please do not use this forum to promote stocks.
Feel free to build on the research already done by others or to present fresh new research.
Please start all informational posts with the ticker symbol of the stock.
Important links:
Another place to read some of nodummy's research:
http://promotionstocksecrets.com/
Great Forum for Litigation and Court Docket updates not posted on this board:
www.investorshub.advfn.com/boards/board.aspx
SEC trading suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC press releases:
http://www.sec.gov/news/press.shtml
SEC administration proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC litigation releases:
http://www.sec.gov/litigation/litreleases.shtml
Most recent SEC flings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=&owner=exclude&count=40&action=getcurrent
Great Website for basic information about the laws surrounding penny stocks
http://www.securitieslawyer101.com
Stock Dilution Scam:
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.
Pump and Dump Schemes:
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
The key is understanding
The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.
The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.
Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.
They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.
If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.
Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.
Very little respect or morals exist in stinky pinky land.
The Consequences of an SEC Suspension:
Complete list of SEC suspended stocks and SEC Admin. Law Judge registration revocations from January 1st, 2010 to May 9,2020:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531213
More information on Suspended Stocks
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
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