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I think we've probably seen the last of him....=)
Yep. We have been feasting these last few days. Time to enjoy the ride!
Oh, they're short. No choice but to start covering.
Hahaha! To think people were selling this 3 days ago @ $20. We're golden here. Next couple of weeks gonna be cray-cray.
Weeeeeee!
Volume picking up to. I think we may indeed test that high if we keep this momo.
If we break through 31.75, we're gone.
If retail knew what the institutions price target is here, they would have never gifted you 27's. Great add!
They've backed themselves into a corner. Some people on Twitter complaining about failures to deliver on exercised warrants after 4 days. If true, not only are they shorting, but they're also playing around with air shares. Squeeze.....
That stock is a pure p&d.
Just added 25 billion to the a/s and can't even keep it pink current.
It's what makes his commentary here so laughable.
I plan on purchasing some of this in my ira account.
The big picture here, imo, with MS, Google, Starbucks and MC all on board is the acknowledgement and acceptance of crypto as a legitimate asset that is here to stay.
Yeah, loving the price action this morning.
Mms still manipulating the hell out of the price. Like watching a kid in a swimming pool trying to hold a balloon underwater.
Once people stop selling, the squeeze here will be epic.
He's just a troll. Doubt he even owns shares.
Thank you. I misunderstood what you guys were referencing with regards to the available float. 50mm is indeed the total o/s.
Only 25.9 of that though is available. In case you missed my previous post. Shorts are going to get fried.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166528190
Yeah, ok, that make sense. Thank you for the clarification.
The story here just keeps getting better and better.
Not sure where you guys are getting the 50mm o/s from.
Open 21.17
High 30.45
Low 20.32
Bid 28.82
Offer 29.13
Previous close 23.78
Average volume 30.88m
Shares outstanding 25.92m
Free float 15.96m
P/E (TTM) --
Market cap 616.41m USD
EPS (TTM) -0.6847
https://markets.ft.com/data/equities/tearsheet/summary?s=BKKT:NYQ
Short Interest
https://www.ortex.com/symbol/NYSE/BKKT/short_interest
Exactly! Not to mention the large institutional investors backing this. They didn't get into bed with $bkkt for $50 per share.
We're just warming up the engines here.
Excellent point. Once the reversal is confirmed, it will also have those waiting on the sidelines hopping back in. 7 million shares short. Squeeze coming.. Loving it!
They'll never learn.
It's about to get interesting!
Indeed. With Microsoft and Starbucks staking venture capital here 3 years ago, with no immediate plans of selling, tells you where they think this is going.
This is an easy hold for me.
I couldn't resist. I was able to average down from my buys yesterday.
Seems to be holding support around these levels for now.
Best of luck!
Not a matter of if, just when.
Some fairly large buys have been happening here this am.
I just bought more. Can't seem to help myself.
Yep, I completely agree.
Of course that will never happen though.
For anyone interested, this slide deck offers some excellent info on the company, including revenue projections, etc. What stood out to me are the big names that are invested here.
Best of luck to everyone.
https://www.victoryparkcapital.com/wp-content/uploads/2021/01/Bakkt-Management-Presentation.pdf
$BKKT shares shorted is just under 7 million.
The outstanding float is 25.9 million.
Insiders and $ICE own 11 million shares.
Tenor Capitol Management owns 1.3 million shares.
40% of shares were redeemed two weeks ago removing another 10 million shares from the float.
That's 23 million shares held by insiders and redeemed back into the possession of
$BKKT
...and the shares shorted is 7 million. The squeeze hasn't even started.
What got him into legal trouble were the stocks him and his crew would frontload that were more or less abandoned tickers. They would pump the stock, telling followers events and happenings that were pure bs that generated volume and demand. Then they dump, all the while saying they were still holding. Classic boiler room setup.
This story isn't over. Some other people will likely be joining him soon.
Agreed. Especially if the rumored deal with Apple comes to fruition. People will be kicking themselves for selling down here.
I will continue adding anything in the low to mid 20's.
That sucks. Sorry to hear that.
Anytime a stock moonshots like this one did yesterday, a healthy pullback is bound to happen. Should rebound as I think $24 was bottom.
Thanks. Some big names invested here.
Microsoft and Starbucks invested venture capital back in 2018 and have indicated they have no immediate plans of selling their stakes anytime soon.
That's good enough for me.
Added some $24's myself.
They're up over 800%. Nice move.
Very possible!
"The companies said the partnership will make it easier for banks, financial-technology firms and merchants to offer and accept crypto payments. Banks and other financial institutions that issue cards through Mastercard will be able to issue cryptocurrency debit or credit cards that let people make payments and earn rewards in bitcoin. Other cryptocurrency assets could follow."
This was a very well timed partnership, especially with analysts predicting Bitcoin potentially reaching $100k by year's end.
My only regret here is that I didn't buy more.
Hell yeah! I'll take some extra gravy.
Just incredible. Good chance we see a continuation tomorrow.
We will likely stay in this channel for awhile until we receive further updates. I will keep adding swings into the low 30's. Easy money.
$prdl
I think the share structure here still makes people reluctant to buy and hold.
Dpls has 2x the a/s and a similar os and it ran to .18.
With the right candidate, we could easily see .10 here. Just with Frank mentioning "he's putting the best merging company in fcgd" should have us sitting at bare minimum .01.
I don't really care one way or the other. Glad it's at this level. I will keep rolling my profits in here. Longs will be rewarded nicely.
Just my 2 cents.
$fcgd
Haha! Agreed my friend! Epic-ness awaits. =)
Congratulations! Just WOW.