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My hope is that they sell at higher prices. They sold 8 million shares for only 27 bucks to that flipping hedge fund.
In English please.
Looks like the top is in the 70s. We reached 30 billion, great work guys.
What’s up with amc 11 million shares today? How many shares will they apply for tmrw?
Amc sold at 27. I wonder how much they will sell today with their shady deals.
It’s shady. I wonder how shares amc will sell today.
How many shares will AMC sell today?
What happened? Why did we end on a red today?
Does anyone know if AMC will issue new shares?
Why is gme going down?
Ah ok, when they cover 20% of the short, we sell at the high price.
What happens when all hedge funds cover?
Ok, let’s wait and see. Thanks always for your time Obit!
Thanks Ano!
This year. That is fast.
Thanks Obit! Just logged on again. Oh no, “there will be blood,” but I sort of suspected that would be the case. Too bad this current one could not finish the job with the GSEs.
I thought you would maybe say something like within 18 months. The news yesterday seemed to have no impact or a negative one.
Ok, back to the waiting game. A consent decree can take several more years.
I guess you knew that yesterday’s news was just another small minor one of the many over the decades.
So this is just one of the many minor news that have come out since 2008. Well, I will go back to hibernation mode again and come back to potentially add if it hits the low dollars again.
Unfortunately I have been in since 2013, rolling off the bac and other bank quick wins.I actually heard those comments along the way, so I just decided to just let this stock sleep and wake up when it is all over after a decade or so. The only main positive thing I’ve done with this stock is add when it hit the low dollars. I have not posted on this board for a while but just did not know how to interpret yesterday’s news.
In other words, the news yesterday was not positive and this ride is a long one. That has always been my thoughts regarding this stock. It pops on good news then settles back down again.
Good that you understand that and see how the market will eventually react because in the morning it was shooting up.
How did you know that?
There was a final capital ruling yesterday by FHFA. Do you see this as a step in the right direction? The ruling may not even have any meaning when there is another president that will be in office. I’m not too sure. More than anything I just wanted to know your general thoughts regarding the stock. You tend to give a clearer picture of events when they transpire, despite all the moving parts. I know it gets hit when the general market is uncertain or under pressure and does not rebound until some good specific news.
Any thoughts on the latest developments?
We have not heard from you lately obit. Any thoughts on the latest developments?
Any thoughts on the latest developments ano?
Thanks Obi. That pretty much answers my questions. I saw it somewhere and did not think it made much sense.
Hi Obit,
I have been reading your post for years now and have some questions that I hope you can answer in a short message when you find the time.
"There is an opinion out there that the Lamberth litigation relates only to junior preferred holders, not the common shares. If the preferred shares are not converted at par, common shares risk increases substantially."
I wonder if you could weigh in on that opinion.
Thanks in advance.
Buy high n sell low strategy. Perhaps a select few are trying to use bond holders money to let go of their shares, financial shenanigans. These guys should go to jail.
Icahn is letting his ego get the better of him, sad. He should be named after a cognitive bias, and will be profiled in behavioral economic textbooks.
Short of the decade award. Sales n cash flow down, yet profit up. Can u say financial shenanigans. These guys will end up in jail. I wonder if we will see a 20% slide tmrw. Icahn has been quiet.
It was a no brainer...
At this point, it does not look too good. The big players keeps the supply quite high n it prevents energy projects from making a profit, thus destroying small outfits, which will be bought at bargain prices by the same companies starving them. I don't have a crystal ball. Maybe energy prices will skyrocket...best of luck...imho, shareholders will get nothing...
Depends on the outcome of bankruptcy. With energy prices down, the equity holders lose leverage. The company has way more debt than equity. From that standpoint, the credit holders will generally take over the company n will leave the former shareholders with souvenirs. I called this thing from a while back. My personal opinion is that you are holding worthless papers.
I get a kick out of newt Gingrich... Its one thing to be shameful, its another to be a major hypocrite...
There are a few countries that have tried this with impressive results... Portugal etc...lets see if Washington oregon Colorado n Alaska does not have positive results with their experiment...
Don't agree but love the post turtle story...give n take...quid pro quo...one area we can cut spending is on non-violent personal drug use crime...currently treated as a criminal issue not a health one...I'm sure folks won't agree on this one also...somehow this board always gets political...
Be wary of folks that use those two words...