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You don't because they aren't. No revenue ever, no operations ever, no income ever, no cash on the balance sheet ever! Naked short what? A bunch of paper stuffed in some registered agents drawer? All BS and TFF knows it!
Just a theory illustrated by this Cheech and Chong clip.
Real stocks trade their floats typically every few or so days. Check out ROKU for example. Turns every 10 days or so. Are you saying that a stock should never trade its float?
I really don't think you have thought that notion our very well.
Roku
Average volume 10,985,322
OS Shares 101,520,000
Float turns every 10 days give or take.
Nothing odd or nefarious about that.
Correction...Eleventy Kazillion...Yeah, that's the ticket. Yesterday's $ volume on over 5 million traded...about 200.00.
LOL.
Gold baby!!!! LOL
Fetid junk. Thanks but no thanks. no options, nice dice! And for the last two years, stuck in a very tight range at junk range.
Pass.
One thing that doesn't suprise me in light of how quickly the country has returned to business as usual with respect to social distancing, use of mask, business opening etc, is the recent and alarming spike in new Covid19 cases. As the rise, so too will this stock. The virus apparently failed to get the memo that the worst is behind us and Trump's premature victory lap.
Anybody that didn't see that coming has been drinking the Koolaide with a beer bong.
Depending on how long you intend to hold this short, I would suggest buying an upside call for protection using a front month approximately equal to your holding period. When I go short on a stock that I feel has gotten over its skis, I usually marry that position with an upside call. Yeah, it might cost a little, but I use the short stock to pay for the long call. That is the responsible way to play a short and is touted as a capital preservation strategy used by professional traders.
For example, suppose I want to go short at market and intend to hold that position for one month. I am betting say for instance that like you were saying, that ZM will pull back hard to 180.00 over the next few weeks. Opening a short 1000 shares would pull in 216k, buying a Jul 225 call would cost 14.70 providing a 5% loss protection if the stock runs hard the other way. Your breakeven would be 202k and you max loss limited to 9k.
The way you trading it now, your max loss is theoretically infinite.
Cautiously bullish anyone? Actown, I think you need to recalibrate your gut. 180.00 was never in the offing.
Good luck in the future.
Well, the fact that a website can be created in literally minutes, I would say the management is knee deep in apathy.
Just sayin.
Wow, I can see I have to explain this to you. I would have replied yesterday except for the fact that my posting is limited to three per day and more importantly, I had to go and run a data dump on all of the covered calls and naked puts I sold which have expired worthless since taking a position back in 2015. Add to that, an annual dividend of 1.76 paid quarterly.
As you can see, unless I own the shares, I cannot write naked call and thus would not be able to drag in premium when the underlying gets a little over its skis $54,055.79 or write naked puts against my stock position to the tune of 105,367.71. All of these income streams rely on holding a position in the underlying. Surely you knew that, right? Or have you ever traded a stock with an options chain?
So, would you care to explain to me why I should dump the stock? Don’t be the little bull who wants to run down the mountain to “f” a cow. Be the papa bull who wants to walk down and “F’ em all.
You trade your way, I trade mine.
Security Symbol Shares Gross Proceeds
SWKS JAN 15'16 $105 CALL SWKS 160115C00105000 1,000.00 12,352.05
SWKS NOV 17'17 $120 CALL SWKS 171117C00120000 700.00 2,232.91
SWKS NOV 17'17 $120 CALL SWKS 171117C00120000 2,300.00 7,336.72
SWKS FEB 16'18 $125 CALL SWKS 180216C00125000 700.00 2,038.61
SWKS MAY 18'18 $130 CALL SWKS 180518C00130000 2,300.00 8,255.14
SWKS JAN 24'20 $133 CALL SWKS 200124C00133000 100.00 143.32
SWKS JAN 24'20 $133 CALL SWKS 200124C00133000 100.00 141.32
SWKS JAN 24'20 $133 CALL SWKS 200124C00133000 800.00 1,138.62
SWKS JAN 15'16 $105 CALL SWKS 160115C00105000 1,800.00 9,383.76
SWKS MAR 24'17 $97 CALL SWKS 170324C00097000 3,000.00 4,166.70
SWKS MAY 19'17 $105 CALL SWKS 170519C00105000 3,000.00 6,866.64
54,055.79
SWKS AUG 21'15 $85 PUT SWKS 150821P00085000 500.00 3,336.10
SWKS JAN 20'17 $80 PUT SWKS 170120P00080000 700.00 16,472.24
SWKS JAN 20'17 $80 PUT SWKS 170120P00080000 300.00 7,085.53
SWKS JAN 20'17 $95 PUT SWKS 170120P00095000 1,000.00 18,981.93
SWKS JAN 18'19 $80 PUT SWKS 190118P00080000 1,000.00 17,281.89
SWKS JAN 15'21 $50 PUT SWKS 210115P00050000 1,000.00 5,805.31
SWKS JAN 15'21 $80 PUT SWKS 210115P00080000 1,000.00 18,295.15
SWKS JAN 21'22 $85 PUT SWKS 220121P00085000 1,000.00 11,473.08
SWKS JAN 24'20 $118 PUT SWKS 200124P00118000 900.00 587.96
SWKS JAN 24'20 $118 PUT SWKS 200124P00118000 100.00 66.32
SWKS JAN 15'16 $80 PUT SWKS 160115P00080000 1,000.00 5,982.20
105,367.71
Insofar as all of today's volume was a mere 5.6k, I don't think I would be that impressed with you dollar profits. I move hundreds of thousand of dollars a trade and my typical profits can range from 10 or 20k on option positions and more on stock trades. One in particular is sitting on 104k in unrealized gain that I will likely never convert to realized. I keep writing covered calls on that position and raking in premium. It's a 5G play that trades at 134.25.
That's how Moe rolls. If you ever want to talk more about is, see you over at the SWKS board.
Really? Cuz there so much lower to go???? Trash is as trash trades. Untouchable at any price!
Bid go bye bye!!
Zippo! Look art your bid, No matter the volume, spare as it typically is, it will always be at no bid!
Not a consideration. I am playing a short vol strategy heading into earning whereby the one immutable fact is that implied volatility craters immediately after the release. Because IV is elevated ahead of a release, premium is pretty rich thus allowing you to create a net credit position on both legs going short on the short strikes. A condor is a non-directional trade whereby you are simply betting a stock will remain within a range as determined by the bid/ask on a strangle just before the release. ZM was trading at 207 ahead of earnings and a strangle was about 15 and change at 207/208. I used that range to set the condor 207(-15) and 207(+15) or 190 to 225.
As far as where it goes, I really don't like trying to win that bet. It is a very binary strategy and I simply am not that good and at seeing the future. With condors, the only thing I know is that IV collapses after an unknown becomes a known and you want to short that feature. Condors are the perfect strategy for that because you simply can't lose both bets. Impossible. If the trade violates one leg, you use the premium you already have in your pocket to adjust the leg that the underlying violated by either going out in time and up or down in value.
Anyway, that's the way I play earnings as do most professionals. I am out of I am out of posting right for today. Talk at ya next Monday if you need any clarification.
But if I had to guess...I would be cautiously bullish.
THX
It's all good.THX
Sorry, you say something? Oh, guess it wasn't important. Another successful condor.
Condor is safe and expires today. Just need a close above 190.00 to win both bets and pocket 3450.00 before comms.
You have shot your credibility wad years ago so what you want. I believe the folks I spoke to and received email from and I owe you nothing! Whomat, be well my friend.
Take care.
Yes they are!!!!!!!!!!!!!!!!!!!!!!!!! I heard it from more than one source.
Good luck!!!!!!!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156024583
You owe it to yourself to voir dire Retireme.
Selling only. Some brokers are removing shares like Etrade and that makes this junk untouchable.
Just sayin.
Indeed. I've been writing covered calls on both position and dragging in some nice premium out to 150 and 160 for both holdings out to Year end. Never hurts to pull in premium when a long position gets a little over its skis. I hate selling stock but love to sell calls when appropriate.
Good for you. But for anybody interested in a little risk-on strategy, the fact that some brokers are canceling positions in GNCP is enough to put a chill on exposing risk capital to this junk. This is made even more of a proper conclusion by the literally hundreds if not thousands of stock that are bouncing hard off their March lows especially in tech.
One of my positions hit a low of 68 and is now trading 127.87 2500 shs
while another was down to 56 now 109. 2000 shs. In just these two positions I am up 253k
Since I cannot see the future and have no way of knowing which way this will go, one thing I do know is that volatility will crater when an unknown becomes a known. So short vol like there's no tomorrow. Been working wonders for years.
Put spread 190/185 call spread 225/230. Condor net credit 2.30 going 15 by 15 expiry June 5th/.
BOVINE EXCREMENT!!!!!
From Etrade:
OTC Pink - No Information
GNCP GNCC CAP INC COM NEW
Technology : Computers, Phones & Household Electronics
Is this a glitch or are they about to enter Cloud, 5G and IOT space like I have been suggesting they do for months?
Sorry, couldn't help myself.
LIQUIDITY AND CAPITAL RESOURCES paint a fairly grim picture.
I am long when I buy something usually with holding periods of more than two years. This stock flounders here for a year before it sinks below a buck if not sooner. Dilution is certainly in the cards.
Glad I avoided this stock.
I'll stick to stocks that cost north of 80.00 a share.
NXPI
SWKS
FFIV
ROKU
AAPL
To name a few.
Out!
Sad trash traded what today? Zippo! Bid Zippo! How much is your settlement from Nekkid Shorters.
ZIPPO!!!!!!!!!!!!!
Buy on the rumor, sell on the news. General rule yes, but it is pretty reliable.
But that's his retirement fund. Is there no hope? What about the transfer agent? Can't they come back and say it was all a bad dream?
This is an outrage.
Oh ye of little faith. You have heard of the workforce on Mars I trust? The limits of credulity are no match for this bunch.
I gotta tell ya, the volume or lack thereof as it were, says to me no one is buying this Naked Short BS or how in the world any benefit will accrue to shareholders of this dead stock stinking.
Don't. I was going to compare the action of all of about 800.00 traded today like watching water boil but clearly I was being too generous. More like watching water evaporate on a cold day.
Prediction, no bid for the rest of the year. And you GNCPers are getting sqaudooch from any bullshit settlement, imaginary or otherwise.
Book it!
Oh Gawd!!!! Hopeless.
Not much else to say.
Alert me when they start the opening arguments and list the defendants. I will be monitoring mainstream media for this earth shattering news. As of right now, crickets from any respected news outlet.
You'll be here in a year with a brand new turd hunt. I'll check back then.
Where do you guys find these Loonie Toonie Conspiracy websites???? Horry Cwap!!! Let me know when Bloomberg, CNBC, The WSJ or even Fox Business picks up this eleventy trazillion dollar lawsuit supposedly in the works that nobody but these cheesy conspiracy websites seems to be aware of.
LOL
There is a remedy to avoid being delisted but it speaks to the willingness of Chinese Companies and more importantly, the CCP, to allow for more oversight.
The bill would require Chinese companies to establish they are not owned or controlled by a foreign government. Furthermore, they would be required to submit to an audit that can be reviewed by the Public Company Accounting Oversight Board, the nonprofit body that oversees audits of all U.S. companies that seek to raise money in public markets.
Furthermore, there is a 3 year provision that companies will need to comply with. If they fail to allow oversight in three consecutive years then delisting. Also, delisting does not mean they go away. In fact there are many exchanges that would love to have these companies trade on their exchange. The Hong Kong Exchange is as robust and likely will surpass the NASDAQ before too long.
I think this may be the reason you are not seeing this sell off like there is no tomorrow. Sure they may go down briefly, but they will recover and continue to trade and no, pensions are not going to get wiped out.
Nothing burger.
Great article and yes, BABA Shareholder should be concerned.
https://www.marketwatch.com/story/senate-could-vote-on-bill-that-could-delist-chinese-companies-from-us-stock-exchanges-2020-05-19
LOLO. OMG you are so off your rocker. And this junk is at no bid???? That dog don't hunt and you know it!!!!!!!!!!!