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Yeah, could be. I've been getting the same queasy feeling. Lots of red today. Things have been so good that it almost feels odd that a day isn't green. It's alarming to feel that days should ONLY be green.
Moonshot Market - I think that's an apt name for what we're in right now. Wake up any morning and some crazy stock is doing a moonshot for absolutely no reason
SCKT haha nelson that's pretty good
CBPI If anybody has any connection or communication lines with Lazar, please remind him he still needs to file an 8-K showing he's been granted custodianship on CBPI or it too is at prime risk of suspension by the SEC.
XYNH The real sad part was if I recall it got suspended on Friday afternoon and the Lazar custodianship hearing was on Monday. Bummer
XYNH Just for anyone new, this ticker was suspended last year just a day or two before Lazar custodianship hearing. It's possible he could do what's necessary to rectify things with SEC, but as far as I know, Lazar does not currently have custodianship.
https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf
SCKT I actually feel for mgt of companies that get manipulated like this. I'd guess mgt has nothing to do with this, yet they will get all the blame. About all they could do is do an offering at $20 and then buy all the shares back and then some at $3 or $4 when the thing collapses, but even that is tough to do if mgt is honest because they'll know they're just taking advantage of innocents who will end up huge losers. Something like this can ruin a company that's actually trying to run a business and may need to raise money again. (Price hit $26)
SCKT now trying for $17. Really makes me skeptical of almost everything in this market. Seems like it's almost all phony and manipulated.
SCKT trying for $13, just bonkers
SCKT almost reached $11, on absolutely nothing press release. Completely nutso
NEOV ($6.03) Continues on to new highs with it's perfectly normal looking stock chart
BGFV I sold my last in the low 15's but darned impressive the way it just seems to keep chugging higher, little by little, day after day. Doesn't want to stop
ALPP I know, that's one of the crazier stock charts I've ever seen. I owned it too, around 4 cents, I think. Sold just a tad early. As the great Maxwell Smart used to say, "Missed it by that much."
Catastrophe wouldn't surprise me either. No sign of it until it comes, so all seems well. But I kind of like your approach.
Alright, now I'm confused. I appreciate your thoughts here, but for clarity can we please use differentiate between the words "ticker symbol" and the word "warrant". Let's say the unit's ticker symbol was xxx.u and the unit contained 1 share and 1/4 warrant. And let's say each FULL warrant can buy a share at $11.50. When they separate, the new ticker symbols are XXX (the shares) and XXXXW (the warrants). In my mind, XXXXW can be looked at one of two ways, both of which are roughly the same. XXXXW can be viewed as either one-fourth of a warrant, and thus you need four of them plus $11.50 to buy one share of common, or they can be viewed as a warrant that allows you to buy .25 shares at a strike price of $11.50.
Both are the same thing.
Do you see it the same way?
Thanks again
And the new warrant trading symbol, let's say XXXXW, would allow you to buy 1/4 share at $11.50 or whatever the strike price, right? So you'd need to buy 4 of the new warrant symbol to equal one full warrant, correct?
Ernie, correct me if I'm wrong, but it seems pretty simple to me that whatever items are contained it the spac unit, when they separate it's still those same items are just trading individually, right? So if the unit is for one share and one-fourth warrant, you would then need to buy four of the warrants trading symbol to equal one full warrant, right? I've never heard of them separating and then all of a sudden the value changes.
Thanks Ernie. Some people on Twitter think one VIHAW (trading at $4.70) equals a full warrant and can buy one share at $11.50, and thus is hugely undervalued right now with the common shares trading at $19+. Makes no sense. Two VIHAW plus the $11.50 strike price makes them about right.
VIHAW question. VIH is a SPAC that has warrants. The original unit of the SPAC was for one share and one-half of a warrant. Each full warrant can buy one share at $11.50. The warrants trade under symbol VIHAW and my guess is that VIHAW is a half warrant and you need to buy two of them to equal a full warrant. Would like to know if others read it the same way. Here's the PR announcing:
https://www.businesswire.com/news/home/20200925005491/en/VPC-Impact-Acquisition-Holdings-Announces-Closing-of-200-Million-Initial-Public-Offering
No I don't have an answer on the 1 share trades.
You said CBPI having 1 for 250 RS, but I thing you meant TTCS?
"Here, I bought you this female sex doll so you can consummate our marriage on our wedding night in the same, moissanite way."
NEOV I wish I could sit in the same office with these guys and watch all the trades made and see how one of these things works. Just for curiosity's sake.
Etrade - Again this morning I'm getting a gain number in the gains/losses column, but have no idea what I sold. Confirmations in ET Pro come wayyy after the fact. And still no email confirmations.
Brokers acting almost like the social media companies -- if we don't like the way you're using our service, we'll prevent you from using it. I'm guessing the hedge funds and high frequency traders (many, if not most, of whom have their own servers tied into the exchanges) have no problems in getting banned or prevented from trading. Ownership matters. The very idea that front-running has become legal shows how nuts things have become. The big guys have their own servers which cannot be shut down, and they pay the brokers to turn on and off the little guy's ability to trade. Completely rigged system that we get for "free."
Same here on Etrade. Today, I get alerts of sales, but not showing up in gains or losses. Yesterday was just the opposite - gains where showing up, but I had no idea of what had been sold.
The people who are paying brokers for order flow are most often hedge funds and high frequency traders. Those are the people who are also on the wrong side of these trades and short squeezes. Thus I think the "technical outages" will likely continue from the brokers because they are protecting the people who are paying them since we investors no longer do. The people who pay for order flow are now a broker's customers. We investors are now the product, not the customer. I truly believe we are seeing the downside of "free trades". Nothing is free
Broker Outages -- I continue to think there will be some very big downsides of "free" trades. Since we customers are no longer paying the brokers, they don't work for us -- they work for the people who are paying them. Gotta wonder if at some point outages start to happen on purpose, like when a hedge fund or high frequency trader wants to run a stock in one direction or another. Seems like it would be easy to do. Get people stuck in a position while it runs wild
SEAC - Now the Chief Commercial Officer Resigns. This is either a good sign that all the bad guys are being forced out, or it's a sign that this company my be crumbling. Who knows.
Totenpass - thx for posting about this. Sounds intriguing, but I must say I'm always a little skeptical when companies announce that they might be coming out with an amazing product in about a year or so. I certainly hope it's successful, because I'd love to see more decentralization, but a lot of these types of things turn out to be vaporware. We'll see.
I did almost the same with IVFH. Exploded a few days after I sold. Oh well. Get em next time
SEAC CEO resigned this morning. Can't imagine a new guy could do much worse. Old CEO talked a great game about how they were positioned perfectly for the pandemic, then they flopped horribly.
No worries, creede. Hope you had a good vacation!
HRBR I'm hopeful on this one as well
IVFH - Excellent valuemind! I, unfortunately, took my loss on this one before the end of the year lol. But glad you did well. I just don't see any reason for the pop. Seems like tons of stocks are getting run by some sort of organized groups or high frequency traders or whatever. Oddball stocks just pop for no reason on huge volume, and then go back to normal a day or two later.
IVFH - What the heck is going on with this one today? I don't see any news. I guess just another crazy runner.
Etrade - Got your message. Yeah, I'm trying to make it work too. But man, it really changes things for me not having Strategy Scanner. Previously, they took away Trading Ladder with no warning, I used that a ton also. Like you say, I think all the brokers are gonna make sure we can only trade like 6 stocks so the market keeps going up. lol. But I think Morgan Stanley will just continue to destroy Etrade. Feel bad for the employees who can see what's going on but have to keep their jobs.
LMBHW Warrant Terms? Can someone refresh my memory on the strike price here? I think it's $11.50 for one whole share,expiring 7/20. Is that correct?
ODT - Looks like trying to break out. Big insider buy from CEO
Etrade -- Morgan Stanley continues to destroy Etrade. This morning, got notice that they are eliminating a second tool that I use all the time, Strategy Scanner, in ETPro.
A full-service broker buying out a discounter just has trouble written all over it.