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It came out on my news feed on Etrade. It's there, but doesn't seem to be carrying any weight with the market. This is a very strange PR.
OK, I'm holding for now, but how was that news debunked? It's not tanking like it would if most took it seriously, but that news is a bit disconcerting.
Of course we are pessimistic. We’ve been crapped on and swindled for 10 years now. Why would we think otherwise? At this point, we are all in or bust.
You guys calling for a short squeeze are amusing. Most of them shorted above $10. They’re not panicking.
That’s cool. Except squid is Calamari. Calabria is a town in southern Italy.
This has done nothing but go down since the WH announced they wanted to release them. WTH???
What makes you believe the filing yesterday is nothing to worry about?
I can still sell now for a profit, but want to hear all sides of the debate.
I don't think Calabria will wait for congressional approval to stop the sweep. Maybe releasing the GSEs from c-ship, but I believe the NWS will stop immediately.
If you've paid any attention to the news, you'd know the answer to that question.
If he truly meant what he said about working with Congress, then we’re in for another 10 years of nothing. Those obstructionist, self-interest driven clowns aren’t capable of figuring out tic tack toe, let alone complicated reform measures.
Look who is leading them.., Pelosi, Waters, Schumer, Jackson, AOC. I mean, it would be like Einstein taking advice from 2nd graders on Nuclear Physics.
However, if he acts on his own, this will be done quickly and correctly. Let’s hope it’s the latter.
Has that been confirmed somewhere? Source? I haven’t seen any update on that.
Confirmed where exactly? Last I read, there was a buyout and they’re not bankrupt anymore.
Hmmmmm,
I wonder if this can apply to our case....
https://www.foxnews.com/politics/supreme-court-rules-to-curb-powers-of-states-to-impose-heavy-fines-and-seize-property
Congrats to all who bought under $1. I wasn't fast enough :)
What is a POR?
It won’t at all. We’ve been through this for years and know we’re stuck in limbo until NWS is stopped at the minimum.
So we have another payment to Treasury and Calabria saying he wants to work with Congress. In other words, absolutely nothing is changing. This ruse is ridiculous
I don't know why anyone cares about earnings. They can report earnings of a million bazillion gagillions and the stock won't move until the sweep is stopped.
OMG, that was funny!
Me too, just wish she'd get a move on....
This sounds like a very good direction for the company. Me likey
https://seekingalpha.com/news/3432579-lampert-less-new-sears?dr=1#email_link
She paused the session for the gov lawyers to take a bathroom break, to resume Jan 2024 when she will approve more delays until her retirement.
I’m so glad I took my profits here to get SHLDQ. Up 300% since last week. Wheeeeeeee!
Does it say around what price they shorted at? They're probably still ahead. I doubt they'd still be in if they shorted under $2, but you never know...
Anyone that was still short on Friday deserves to lose their shorts!
You're getting way ahead of yourself Blue. I want this stock to succeed as well, but Sears has to get to the level of Walmart before it can get to an Amazon type level, and it's not even close to Walmart.
Exactly. I made a modest $1,000 on the LGVI run, sold to buy SHLDQ @ $.50 and now doing very well there. Always take profits when you can in pinky land
I think next week or tomorrow we'll see some real action. Shorts should be scrambling to cover.
Not when insiders own 70%. You think they’re going to screw themselves?
First resistance level, then $.80. Well established chart, very easy to chart this stock for now.
That’s golden pony boy
Good info. We still have a long way to go it seems.
Why I believe there will be a favorable outcome from the court hearing:
Sears is an iconic American company with a storied history of success. Their road to bankruptcy was due to a combination of changing consumer method of shopping (i.e. online), competition (Walmart), and corporate's inability to transform the company in changing times. In comes Lampert and has a vision to restructure the company for "the 21st century." There is very little reasons for a judge to deny this opportunity when someone is putting up $billions to save the company.
Saving the company means saving jobs, which is the backbone of the American economy.
Any debtors will get paid if the company is turned around so their claims will be satisfied. There's no reason to object to saving the company as long as their claims remain valid, which they will be.
The objections of the sale to Lampert do not outweigh the positives and any judge will be able to see this clearly.
The only mystery is if shareholders will get diluted in any restructuring. If so, we might only see a small percentage gain instead of a large one. But it will be a gain, nonetheless.
AAMRQ investors made millions betting the company would turn around, exiting bankruptcy, and we face a similar scenario.
Glad I was turned on to this stock. Very positive looking, moving forward.
FYI,
Not sure what AMPazzo was talking about when he said it's a fallacy about setting the sell order to prevent shorting. Here's a link which explains it briefly. I'm sure there are other resources as well...
https://www.contracts-for-difference.com/Borrowing-lending-shares.html
Something Dems always wanted. Guaranteed they oppose it now.
Yes. MM's can't use any shares which are obligated.