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will our politicians let them do it?
No one listens, Gary Gensler is a weasel from Goldman Sachs, he is not your friend; Gary will help his friends, so we will not have any circuit breakers kicking in; but, we will have the printing press working.
Hope I'm wrong.
(Reuters) - Billionaire Ryan Cohen's investment company bought 100,000 shares of GameStop Corp, according to a regulatory filing on Tuesday, sending the videogame retailer's shares 16% higher in extended trading.
The purchase takes Cohen's stake in the company marginally higher to 11.9%, with the total number of share owned at 9.1 million.
Shares of GameStop closed up 30.7% at $123.14, registering their biggest one-day percentage gain since March 25 last year, with trading volumes soaring and likely squeezing bearish investors who sold the stock short.
There was no clear reason for the rally during normal trading hours, according to analysts.
Cohen, who co-founded online pet products retailer Chewy and is GameStop's chairman, earlier this month said he now owns nearly 10% of Bed Bath & Beyond and wants the home goods retailer to explore alternatives including a full sale of the company.
(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)
Something sure is, damn sure isn't retail; they'll be coming around tomorrow with a lot of other FOMO folks, should have a good week for a change.
Joke, CadilacDave, do you think they have heard about our Gold Mine investment? Please smile, it's funny :)
1:58 pm ET March 22, 2022 (Benzinga) Print
AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 10.1% at $17.48 amid an increase in retail investor interest.
AMC's average session volume over the trailing 100 trading sessions is 43.925 million, according to data from Benzinga Pro. Volume for Tuesday's trading session has reached 38.705 million at publication time.
AMC is also trending across social media platforms and is the top-trending ticker on StockTwits.
AMC may also be experiencing a short squeeze. AMC has a total share float of 515.00 million, of which 101.33 million shares are sold short, representing 19.68% of shares sold short.
Shares of retail-favorite GameStop Corp. (NYSE: GME) are also trading higher by 25.0% at $117.60 Tuesday afternoon on heavy volume amid an increase in retail investor interest.
borrow from?
printing press broken?
Someplace in there, TD Ameritrade, bought Scottrade, great pick up, they got me for free!
Actually, at the time, each customer was valued ~$2,000.00. I'd bet, we are worth more to each firm that is now cheating the hell out of us!
We will, FOMOers will flock to AMC. GME has less shares and stronger base, AMC has a ton of flippers that claim they are always buying. I'd always buy, too, if I didn't run out of money.
I owned WKHS, Biden was going to buy EV Postal Trucks from them, until he changed his mine, soon as he did, along came the shorts. The horse hardly ever runs anymore, she started moving last week, today, too.
BB is on to something, Gensler just might tighten up on all these fake shares in the marketplace.
BB, I don't think Kenny G is as concerned about things as you think he is, Kenny G is just an American oligarch, he's currently trying to buy England's Chelsea Football Club from the Russian oligarch, Roman Abramovich. I wish he was worried about his AMC short position; but I believe, it's business as usual for old Kenny G.
Ken Griffin, the founder and CEO of Citadel. The Ricketts family, owners of the Chicago Cubs, will be joining together with hedge fund billionaire Ken Griffin to make a joint bid on the Premiere League club Chelsea FC after it was put up for sale during Russia's invasion of Ukraine.
https://www.skysports.com/football/news/11668/12567583/chelsea-sale-chicago-cubs-owners-and-citadel-billionaire-ken-griffin-team-up-to-bid-for-champions-league-holders
Agree on this point, so does Powell.
What do you call what was happening last June/july when AA killed it selling company shares into the squeeze, he did hit the top and sold his last shares, netted 28 million, same amount he blew on HYMC. There will be another squeeze due to the huge amount of fake shares outstanding. Patience, my man, patience.
As for Ken Griffin being worried about his AMC short position, he's not. IMO, he should be, but he doesn't care about my opinion (or yours).
Griffin is an American oligarch, he's currently trying to buy England's Chelsea Football Club from the Russian oligarch, Roman Abramovich
Ken Griffin, the founder and CEO of Citadel. The Ricketts family, owners of the Chicago Cubs, will be joining together with hedge fund billionaire Ken Griffin to make a joint bid on the Premiere League club Chelsea FC after it was put up for sale during Russia's invasion of Ukraine.
https://www.skysports.com/football/news/11668/12567583/chelsea-sale-chicago-cubs-owners-and-citadel-billionaire-ken-griffin-team-up-to-bid-for-champions-league-holders
That's exactly why I said we'll see Lawsuits! AMC is a struggling company at best, it certainly doesn't have the funds to be a Venture Capitalist.
https://www.prnewswire.com/news-releases/hycroft-provides-business-update-and-2021-third-quarter-operating-results-301420898.html
Not even an NFT?
Which outstanding loan has those terms and conditions?
Earlier I posted that AMC buying stock in a non producing gold mine could clearly bring lawsuits, obviously, you understand their outstanding debt better than I, do you care to comment about why the board would allow this purchase?
I agree with you, everyone should listen and form their own opinion.
Hey, NY23, how have you been? I'm still here, still long, to boot, just don't post very often.
Interesting you say, that's one way of saying it, equally interesting is that everyone here loves the idea. Me, I'm complexed; didn't Adam just get off his knees begging us to give him more money? Now, he buys a NON producing gold mine, because it's a good deal. Well, popcorn is gold, maybe that's symmetry.
I love conspiracy theories as much as the next guy, perhaps, Old Eric Sprott is going to be the man that starts the MOASS when he adds AMC to his portfolio. Obviously, the two are talking.
Sprott owns other companies than gold mines, we'll see. NY23, stick around, buy some shares, then go for the MOASS ride with us.
https://stockzoa.com/fund/sprott/
You're kidding me right, he can't hit a high hard one, plus an inside curve ball will have him bailing out of the box.
He's not the man I really want to bat for my team, yet, there he is.
You watch Kenny on that tape clip, then wonder; is he afraid of Gary?
Does Ruth Madoff still visit Bernie?
He is still alive, though both of his sons are gone. There was Mark's suicide in 2010, and Andrew died from a resurgence of his lymphoma in 2014. Ruth continued to visit her husband in prison and talk to him regularly until Mark's suicide by hanging. She hasn't been back since.
Apr 14, 2021
ESG has ruined Congress and Gensler's job has nothing to do with climate change and everything to do with naked shorting, yet you're right.............that is where he's focus
Oh, I think a lot of folks on this board cares, I think folks that own nearly 5 million shares care, I also don't think they care very much about Gary's nonsense, so we'll hold and see what happens.
FYI
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market.
Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis.
Honestly, does Gensler look like he has it in him to address the question about the massive amounts of shorts in AMC?
In order for him to do that, he'd have to admit those shorts exist, Little Gary would rather play:
Ring-a-ring-a-rosies
A pocket full of posies
A tissue, a tissue
I let the market fall down
The king has sent his daughter
To fetch a pail of water
A tissue, a tissue
I let the market fall down
The robin on the steeple
Is singing to the people
A tissue, a tissue
I let the market fall down
The wedding bells are ringing
The boys and girls are singing
A tissue, a tissue
I let the market fall down
I'm here longer than you, AMC is much stronger now than ever, did you listen to the last earnings call?
Sooner or later (that's a joke, for sooner is long gone) the mass amount of fake, naked or synthetic shares outstanding has to be address; but until then, the CEO has a few good ideas about making AMC more than a movie company.
Our day is coming, hold tight, sleep well at night!
Harry Markopolos is the whistle-blower who uncovered Bernie Madoff's Ponzi scheme 10 years before the rest of the world learned of the Madoff.
Markopolos describes poor investigative ability at the SEC, IMO, it hasn't gotten any better, plus, Gensler is from Goldman Sachs, Goldman doesn't hire men of integrity.
Time is on our side, billion of fake shares aren't going away any time soon. HODL
Bio:
imo there are so many synthetics in amc I can't believe any percentages related to retail and institutional....numbers are skewed
I share that opinion, I also believe this is the time to buy more, I think Adam had himself a woody when he was talking about an AMC credit card, I can't believe he was in on the ground floor with airline starting credit card miles.
Adam repeated himself about AMC is a "new" company. I believe that woody he had was throbbing when he talked about "his" retail base. The man loves us! I have followed the markets for years, there's no doubt that true AMC hodlers are going to help AMC reach new levels.
Plus, there's a ton of profit in popcorn! It sure is a time to buy!
Hodl
Bio, I don't post, but I'm here, hodling, God Bless
Time is on Adam's side, he's not going to say anything that could cause the SEC to look at him, Citadel has a ton of lawyers that would cause him trouble, Adam would rather it be the other way around.
Look for Adam to give shareholders a dividend once he gets that "cyptro coin" going that he was talking about. I'm sure he's pissed about people shorting AMC, our day will come.
You're not kidding, a little good news would get the horse up and running, perhaps plowing into some of those that shorted the living hell out of WKHS.
Moved earnings report into the trading day, why?
Workhorse, GreenPower Motor Report Supply Deal For Delivery Of 1.5K GreenPower Electric Vehicle Star Cab, Chassis For Workhorse W750 Step Vans, No Terms Disclosed
8:03 am ET March 1, 2022 (Benzinga) Print
Workhorse Group Inc. (NASDAQ:WKHS)(“Workhorse”), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last-mile delivery sector, and GreenPower Motor Company Inc. (NASDAQ:GP, TSXV:GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission electric-powered vehicles serving the cargo and delivery, shuttle, transit and school bus markets, today announced the signing of a multi-year supply agreement to facilitate the manufacturing and delivery of medium-duty Class 4 step vans into the North American market.
Under the terms of the agreement, the companies have confirmed a 21-month schedule during which GreenPower will deliver 1,500 EV Star cab and chassis to Workhorse starting in July 2022. The chassis are to be used in the production of Workhorse’s new Class 4 W750 step van line, which is slated to enter production in Q3 2022. Workhorse will complete the manufacturing process and deliver finished step vans to its customers in the United States and Canada. The agreement includes deposits based on delivery thresholds and also contains a renewal option.
Workhorse will have exclusive rights in the U.S. and Canada to sell Class 4 step vans based on the GreenPower-supplied base vehicle. The finished Class 4 step vans will be available under the Workhorse brand with Workhorse after-sales and support service.
The W750 will feature up to 150 miles of all-electric range, with a payload capacity of 5,000 lbs., as well as standard 60kW DC fast-charging and optional 60 kW wireless-charging capabilities.
“Workhorse is delivering on our commitment to pioneer the transition to zero-emission commercial vehicles by developing and building safe, reliable and versatile electric commercial delivery vehicles,” said Workhorse CEO Rick Dauch. “Our partnership with GreenPower is a crucial step in a multi-pronged effort to redefine our product portfolio. The Class 4 W750, alongside our legacy Class 3 C-1000 and W56 platform launching in 2023, will enable Workhorse to address the entire Class 3-6 commercial vehicle market. I am very pleased to have reached this important agreement, and we look forward to working closely with the GreenPower team to make the first truck deliveries from our Union City, Indiana plant later this year.”
“We are honored to partner with Workhorse to bring their Class 4 step van to market leveraging GreenPower’s EV Star cab and chassis platform,” said GreenPower CEO Fraser Atkinson. “Our technically advanced and proven EV Star line of vehicles that will underpin the new Workhorse vehicle also support our all-electric medium-duty paratransit, micro-transit, executive shuttle, vanpool, and cargo delivery vehicles. Given our depth of experience we are confident in our ability to meet and exceed Workhorse customer requirements and expectations.”
GreenPower President Brendan Riley added, “We have been collaborating with Workhorse on this project for over six months and have already delivered several EV Star cab and chassis base vehicles to Workhorse. We look forward to ramping our activities on the co-development and integration of our vehicle with the Workhorse W750. We have been working with our partners to ensure the production and timely delivery of the vehicles pursuant to the initial delivery schedule as well as to support additional growth opportunities.”
No doubt, the Ukranian people are Apes, God Bless all Apes
Why The Justice Department Is Going After Short Sellers
10:40 am ET February 17, 2022 (Benzinga) Print
Federal prosecutors are reportedly ramping up a probe into the activities of short sellers, serving subpoenas and seizing hard drives and mobile phones of prominent "activist" short sellers.
What Happened? In a story originally reported by Bloomberg News last year, federal investigators have subpoenaed nearly 30 hedge funds and other short sellers as part of an investigation into potential illegal trading activities.
On Wednesday, the Wall Street Journal reported that investigators have seized records and devices from prominent short seller Carson Block, founder of Muddy Waters Research.
Related Link: Stanphyl Capital's Value Stock Pair Trade: Short Tesla, Long GM & Volkswagen
Why It's Important: Short selling has always been a controversial topic on Wall Street. Most veteran investors and finance experts view short selling as an important tool in correcting stock prices that have become overinflated due to hype or fraud.
Short selling is unpopular among many retail traders and companies that have been targeted by firms like Muddy Waters.
While short selling is perfectly legal , the Wall Street Journal reported the Justice Department is focusing on investigating the potential use of illegal market manipulation among short sellers, including "spoofing" and "scalping."
Spoofing is the practice of flooding the market with fake orders to push stock prices up or down. Scalping occurs when a short seller closes out their positions in a stock without disclosing it.
In addition to Block, Citron Research's Andrew Left is reportedly part of the federal investigation. Left famously stopped publishing his short-selling research on Jan. 29, 2021 after supporters of GameStop Corp. (NYSE: GME) allegedly threatened him and harassed his underage children.
Left had previously been vocal in his view that GameStop shares were overvalued at the time. In more than a year since Left dropped his short selling research, GameStop shares are down more than 60%.
Block and Left have repeatedly defended short selling and have touted their successes in uncovering frauds. Block was an early critic and short seller of German fraud Wirecard, which collapsed in 2020.
Left famously accused Bausch Health Companies Inc (NYSE: BHC), then known as Valeant Pharmaceuticals, of "channel stuffing," or artificially increasing prescription fulfillment of its own expensive drugs via its relationship with specialty pharmacy Philidor Rx Services. The scandal ultimately resulted in the prosecution of two former executives of Valeant and Philidor for their roles in a kickback scheme.
Benzinga's Take: The GameStop and AMC Entertainment Holdings Inc (NYSE: AMC) crowds have insisted throughout the rise and fall of the meme stock trading frenzy that short sellers like Block and Left are acting illegally and manipulating the share prices of heavily shorted stocks.
The seemingly in-depth Justice Department probe will soon settle the matter once and for all.
I know you're correct, it just doesn't seem right, does it?
Plus, how is it that they get house arrest, they need to be in with Bubba, that's the only thing that will cause change. "I promise not to short anymore" Lord Have Mercy
Here is that article:
Justice Department Targets ‘Spoofing’ and ‘Scalping’ in Short-Seller Investigation
Muddy Waters’s Carson Block served with a search warrant in the probe of illegal trading tactics
Carson Block, the fiery short-seller behind Muddy Waters, was served with a search warrant by an FBI agent in October, people familiar with the matter said.
Federal prosecutors are investigating whether short-sellers conspired to drive down stock prices by sharing damaging research reports ahead of time and engaging in illegal trading tactics, people familiar with the matter said.
The U.S. Justice Department has seized hardware, trading records and private communications in an effort to prove a wide-ranging conspiracy among investors who bet against corporate shares, the people said. One tactic under investigation is “spoofing,” an illegal ploy that involves flooding the market with fake orders in an effort to push a stock price up or down, they said. Another is “scalping,” where activist short-sellers cash out their positions without disclosing it.
Carson Block, the fiery short-seller behind Muddy Waters, was served with a search warrant by an FBI agent in October, said people familiar with the matter, one of whom added that the warrant extended to Mr. Block’s phones. Federal agents took computers belonging to Andrew Left, another prominent short-seller, according to Bloomberg News, which previously reported the existence of an investigation.
Never the most popular camp on Wall Street, short-sellers have had an especially bruising few years. Soaring stock markets, even through the pandemic, undercut their bearish bets. They were cast as villains last year by the meme-stock crowd, who delighted in forcing them into steep losses. Some have thrown in the towel altogether.
Still, they can play a crucial role in uncovering corporate frauds. One short-seller helped turn up the heat on Enron. Others were early to sound the alarm on the 2008 financial crisis and more recent scandals including at Wirecard AG . Now they may have to defend themselves against a federal investigation, which is being led in part by the U.S. Attorney’s Office in Los Angeles, an office known for prosecuting organized crime rings.
Media reports on the investigation have compelled prominent short-sellers such as Andrew Left to defend their actions.
Photo: brendan mcdermid/Reuters
Spoofing is essentially high-speed bluffing, in which one trader dupes others into transacting at artificially high or low prices. A spoofer, for example, might offer to sell a big block of shares at $10 when the last sale was at $10.03. After other sellers rush to match the lower price, the spoofer quickly pivots, canceling his sell order and instead buying at the $10 price he generated with the fake bid. Repeated enough times, spoofing can produce big profits.
The tactic was outlawed in 2010. In 2016 a New Jersey commodities trader was sentenced to three years in prison, the government’s first criminal spoofing case and the beginning of a crackdown. The same year, the trader who was blamed for the 2010 “flash crash,” when the stock market lost and quickly regained almost $1 trillion in value, pleaded guilty to spoofing and was sentenced to a year’s house arrest. By 2020, the Justice Department had charged 20 people with spoofing-related crimes and collected more than $1 billion in fines from banks and other financial institutions.
Media reports on the current investigation have compelled prominent short-sellers such as Messrs. Block and Left to defend their actions and highlight their success in uncovering corporate frauds. The investors and their lawyers have said they are confused by the Justice Department’s interest in their investing tactics and suspect the government has seized on academic research they believe has unfairly portrayed activist investors as bad actors who conspire to manipulate markets.
Columbia Law School professor Joshua Mitts, who published a 2020 academic paper entitled “Short and Distort” that was critical of short-selling tactics, has been advising the Justice Department in its investigation, people familiar with the matter said. Mr. Mitts has in the past also served as an expert for companies and executives, including Farmland Partners Inc. and Banc of California’s former CEO, that have sued short-sellers, alleging they promoted false or misleading research.
Analyses performed by Mr. Mitts on those companies—prepared in private litigation, not for the Justice Department investigation—show that in the moments around the release of a short-seller report, heavy volumes of sell orders are sent to exchanges and then canceled within fractions of a second, according to documents reviewed by The Wall Street Journal. That behavior, Mr. Mitts argues in the documents, is a telltale sign of spoofing.
“We are happy that the Justice Department is looking into this, as we have said for a long time our shareholders were the victims of an orchestrated ‘short-and-distort’ attack,” said Paul Pittman, chief executive of Farmland, whose shares fell 39% the day a Texas short-seller accused the company of financial misdeeds in 2018.
Farmland sued both an investment-research firm and a hedge fund, alleging they publicized a false and misleading report. The researcher later issued a public apology, a rare win for a company targeted in such a campaign.
Short sellers argue that, at least once, Mr. Mitts’s theories on spoofing didn’t hold up in court. In 2020, a U.K. High Court judge dismissed his findings that short-sellers had relied on spoofing to drive down the stock price of Burford Capital Ltd. , a litigation-finance firm.
It was Mr. Block’s Muddy Waters whose research report on Burford had triggered a 50% drop in the stock.
—Julie Steinberg contributed to this article.
This article form today's WSJ may interest some:
Justice Department Targets ‘Spoofing’ and ‘Scalping’ in Short-Seller Investigation
Muddy Waters’s Carson Block served with a search warrant in the probe of illegal trading tactics
Carson Block, the fiery short-seller behind Muddy Waters, was served with a search warrant by an FBI agent in October, people familiar with the matter said.
Federal prosecutors are investigating whether short-sellers conspired to drive down stock prices by sharing damaging research reports ahead of time and engaging in illegal trading tactics, people familiar with the matter said.
The U.S. Justice Department has seized hardware, trading records and private communications in an effort to prove a wide-ranging conspiracy among investors who bet against corporate shares, the people said. One tactic under investigation is “spoofing,” an illegal ploy that involves flooding the market with fake orders in an effort to push a stock price up or down, they said. Another is “scalping,” where activist short-sellers cash out their positions without disclosing it.
Carson Block, the fiery short-seller behind Muddy Waters, was served with a search warrant by an FBI agent in October, said people familiar with the matter, one of whom added that the warrant extended to Mr. Block’s phones. Federal agents took computers belonging to Andrew Left, another prominent short-seller, according to Bloomberg News, which previously reported the existence of an investigation.
Never the most popular camp on Wall Street, short-sellers have had an especially bruising few years. Soaring stock markets, even through the pandemic, undercut their bearish bets. They were cast as villains last year by the meme-stock crowd, who delighted in forcing them into steep losses. Some have thrown in the towel altogether.
Still, they can play a crucial role in uncovering corporate frauds. One short-seller helped turn up the heat on Enron. Others were early to sound the alarm on the 2008 financial crisis and more recent scandals including at Wirecard AG . Now they may have to defend themselves against a federal investigation, which is being led in part by the U.S. Attorney’s Office in Los Angeles, an office known for prosecuting organized crime rings.
Media reports on the investigation have compelled prominent short-sellers such as Andrew Left to defend their actions.
Photo: brendan mcdermid/Reuters
Spoofing is essentially high-speed bluffing, in which one trader dupes others into transacting at artificially high or low prices. A spoofer, for example, might offer to sell a big block of shares at $10 when the last sale was at $10.03. After other sellers rush to match the lower price, the spoofer quickly pivots, canceling his sell order and instead buying at the $10 price he generated with the fake bid. Repeated enough times, spoofing can produce big profits.
The tactic was outlawed in 2010. In 2016 a New Jersey commodities trader was sentenced to three years in prison, the government’s first criminal spoofing case and the beginning of a crackdown. The same year, the trader who was blamed for the 2010 “flash crash,” when the stock market lost and quickly regained almost $1 trillion in value, pleaded guilty to spoofing and was sentenced to a year’s house arrest. By 2020, the Justice Department had charged 20 people with spoofing-related crimes and collected more than $1 billion in fines from banks and other financial institutions.
Media reports on the current investigation have compelled prominent short-sellers such as Messrs. Block and Left to defend their actions and highlight their success in uncovering corporate frauds. The investors and their lawyers have said they are confused by the Justice Department’s interest in their investing tactics and suspect the government has seized on academic research they believe has unfairly portrayed activist investors as bad actors who conspire to manipulate markets.
Columbia Law School professor Joshua Mitts, who published a 2020 academic paper entitled “Short and Distort” that was critical of short-selling tactics, has been advising the Justice Department in its investigation, people familiar with the matter said. Mr. Mitts has in the past also served as an expert for companies and executives, including Farmland Partners Inc. and Banc of California’s former CEO, that have sued short-sellers, alleging they promoted false or misleading research.
Analyses performed by Mr. Mitts on those companies—prepared in private litigation, not for the Justice Department investigation—show that in the moments around the release of a short-seller report, heavy volumes of sell orders are sent to exchanges and then canceled within fractions of a second, according to documents reviewed by The Wall Street Journal. That behavior, Mr. Mitts argues in the documents, is a telltale sign of spoofing.
“We are happy that the Justice Department is looking into this, as we have said for a long time our shareholders were the victims of an orchestrated ‘short-and-distort’ attack,” said Paul Pittman, chief executive of Farmland, whose shares fell 39% the day a Texas short-seller accused the company of financial misdeeds in 2018.
Farmland sued both an investment-research firm and a hedge fund, alleging they publicized a false and misleading report. The researcher later issued a public apology, a rare win for a company targeted in such a campaign.
Short sellers argue that, at least once, Mr. Mitts’s theories on spoofing didn’t hold up in court. In 2020, a U.K. High Court judge dismissed his findings that short-sellers had relied on spoofing to drive down the stock price of Burford Capital Ltd. , a litigation-finance firm.
It was Mr. Block’s Muddy Waters whose research report on Burford had triggered a 50% drop in the stock.
—Julie Steinberg contributed to this article.
Powell caused more than a 5% swing in the Markets, IF, someone was dishonest and knew beforehand what the Fed was going to do, well, that someone could have made a lot of money.
Powell (as well as the weasel Gensler) both worked for GS, home of terribly dishonest people.
Obviously, my opinions; yet this does answer your question.
IMO, Gary Gensler is a bit afraid of what can happen to the Market in general on his watch. Credit Suisse Group AG (Credit Suisse) or CS lost a ton of money right along with Bill Hwang (link below). I found Bill Hwang a very interesting guy, I also do not believe we have heard the last of him. I have no idea what Vanguard nor Blackrock are doing acquiring shares of AMC, we do know that Gensler is aware of a huge amount of synthetic shares of AMC, IMO, Gensler has reason to be concerned.
I liked your post, I imagine that you're well aware that you can't just walk away from your position in a Hedge Fund, I believe each fund has different rules on exiting, usually quarterly; but you can't just wake up and decide that you're cashing out because you feel the Hedge Fund you're invested in is much more risky than previously thought. However, that doesn't mean the Hedge Fund's bank can't decide that they have had enough and start selling shares to get their money, in our case here with AMC, they would start buying shares. No one knows, when, or even if this will ever happen.
https://www.bnnbloomberg.ca/bill-hwang-made-a-huge-secret-bank-bet-before-archegos-collapse-1.1683037
Hi Invest, according to old Adam Ant, he did indeed raise ticket and food prices, he also claims folks are buying three items on average vs two before Covid.
There's serious markup on that there Popcorn, to boot!
Hey Blue, it's also, just "propose rule changes" by 2024 there will be new people in power, doesn't matter, it's nice to see my AMC moving north for a change. I had thought it got lost on the Yellowstone Ranch, IMO, we need Beth to come deal with these naked shorters!
That's one opinion, another is some Apes got tired of people coming to the Zoo and looking at them every damn day, so they turned their backs on everyone, but they are still Apes, and Apes hold.
Silver is up today, no reason at all we should be down that I can find.
Plus:
Silver Could Outperform Gold in 2022
8:50 am ET January 20, 2022 (PR Newswire)
After a year of underperformance, investors may turn to silver again this year. Silver's price action has suffered in 2021 in part due to supply bottlenecks and significantly rising energy costs. Industrial silver will contribute to the precious metal's rally in 2022 as some of the supply chain issues are resolved. A shift to more solar power is another key driver that could drive silver prices higher, according to BofA commodity strategists. Analysts remain bullish on silver, saying the precious metal could outperform gold once the bull market kicks off in 2022. Analysts' price forecast for next year ranges from $24 an ounce to over $30 an ounce, depending on the outlook. The rise in silver price should be beneficial for silver stocks like Summa Silver (TSX-V:SSRV) (OTCQB:SSVRF), First Majestic Silver (NYSE:AG) (TSX:FR), Coeur Mining Inc (NYSE:CDE), Hecla Mining (NYSE:HL), and McEwen Mining (TSX:MUX) (NYSE:MUX).
Summa Silver (TSXV: SSVR) (OTCQB: SSVRF) is a Canadian junior mining exploration company focused on drilling at its two wholly-owned high-grade silver-gold properties in the United States, the Hughes property in Tonopah, Nevada, and the Mogollon Property in New Mexico.
In December, Summa Silver announced additional high-grade silver and gold drill results on the Hughes property. The mining company intersected 702 g/t silver equivalent over 3.9 m from five holes from the Belmont Mine target (rescue veins) and 4,116 g/t silver equivalent over 0.4 m from two holes from the Murray target.
"In less than two years since founding the Company we have now drilled multiple zones of strong mineralization over 3.5 km at the Hughes Property in Nevada. Additionally, surface exploration has revealed that the property features totally un-tested and high-priority targets, several of which are along immediate trend from one of the most prolific and famous historic silver districts in the US," said Summa Silver CEO Galen McNamara. "Substantial amounts of drilling are required both here and on our Mogollon Property in 2022 as we drive towards mineral resource estimates. I anticipate that strong mineralization will be intersected regularly as drilling continues."
Later in December, Summa Silver also provided an update on ongoing drilling on the Mogollon property. The company intersected a 50-meter vein zone with visible mineralization in the first hole. McNamara said that while they did not expect the entire intersection to be high grade, the large area of low sulfidation classic veining in the first hole attests to the prospectivity of the Queen vein and the importance of the mineralization system in general. He added that the hole confirms their modeling of historical mining records and limited exploration drilling of the target, as well as supports the vein's strong potential along with strike and down dip.
They might be doing a little covering today, silver itself is up nicely for a change, plus Keith has found gold. I believe you've got your wish, he's going to spend a little money and upgrade, I highlighted were it's reported about the upgrade. GL, Happy NY, too
First Majestic Silver reports record production in 2021
(Kitco News) - First Majestic Silver (TSX:FR) reported today that its full year 2021 production reached a new company record of 26.9 million silver equivalent ounces, or a 32% increase over 2020.
The company said that silver production in 2021 reached 12.8 million ounces, compared to 11.6 million ounces in 2020, which slightly missed the lower end of the company's revised guidance range of producing between 13.0 to 13.8 million ounces of silver.
Importantly, the company's gold production in 2021 reached 192,353 ounces, compared to 100,081 in 2020, achieving the higher end of the company's revised guidance range of producing between 181,000 to 194,000 ounces.
"This strong performance was primarily due to the processing of Ermitaño ore at the Santa Elena plant and strong silver and gold grades at San Dimas in the fourth quarter," First Majestic said in a statement.
The company expects 2022 total production from its four operating mines to range between 32.2 to 35.8 million silver equivalent ounces consisting of 12.2 to 13.5 million ounces of silver and 258,000 to 288,000 ounces of gold. Based on the midpoint of the guidance range, the company expects silver equivalent ounces to increase 27% when compared to 2021.
First Majestic added that silver production is expected to remain consistent with 2021 rates whereas gold production is expected to increase by 42% year-over-year.
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The increase in gold production is primarily due to the ramp up of production at Ermitaño which is known to contain higher amounts of gold and a full year worth of production from Jerritt Canyon, the company noted.
"First Majestic ended the year with its strongest production quarter in the company's 20-year history," said President and CEO Keith Neumeyer. "During the fourth quarter, production at our San Dimas and Santa Elena mines exceeded expectations and reached new records due to a significant improvement in productivity and in silver and gold grades. Consolidated gold production also reached a new record of 192,353 ounces in 2021 due to the acquisition of the Jerritt Canyon mine and the start of production and first pour from the Ermitaño mine at Santa Elena in November."
He added that in 2022, total production is expected to increase between 20% to 33% compared to 2021 primarily due to higher production expected at San Dimas, Santa Elena and a full year of production at Jerritt Canyon.
In addition, he pointed out that the company is planning to invest significantly in exploration and underground development in 2022 in order to prepare a clear path to achieving the company's goal of producing over 40 million silver equivalent ounces by 2024.
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company presently owns and operates the San Dimas silver/gold mine, the Jerritt Canyon gold mine, the Santa Elena silver/gold mine and the La Encantada silver mine.
By Vladimir Basov
They were looking, and shorting. I too, added. We are way undervalued at today's prices, Silver itself is way undervalued, to boot. I have zero clue why the price target was dropped to $22.50!
HC Wainwright & Co. Maintains Buy on First Majestic Silver, Lowers Price Target to $22.5
6:28 am ET January 19, 2022 (Benzinga) Print
HC Wainwright & Co. analyst Heiko Ihle maintains First Majestic Silver (NYSE:AG) with a Buy and lowers the price target from $25 to $22.5.
Latest Ratings for AG DateFirmActionFromTo
Jan 2022HC Wainwright & Co.MaintainsBuy Jul 2021HC Wainwright & Co.MaintainsBuy May 2021HC Wainwright & Co.MaintainsBuy
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