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Yup.Touched-down almost-to-.0034/yesterday's start,hovering to .004:If doesn't bounce can retreat to lower support in the 2's.
This=old LIBE?Brian still=CEO?I recognized-familiar-posters-from-B4-I finally dumped this stock hearing Brian's promises & lies while he was RS'ing and accumulating debt, engaged in one failed hope after another... can anyone give me a quick rundown what happened? R/S'd then name change apparently but any real hope here? TIA
Absolutely being-manipulated,like a see-saw/profit-taking:still=significantly UP overall as of December. Seems pattern of a few days up to nearing $3.00, short covering, then deja vu - let's break $3.00 once and for all and keep the MOMO going.
Ending up over 10% from yesterday.
Will get back on NASDAQ fairly soon.
Holding-steady-around-VWAP:After 5-days++up was profit-taking and shorts covering, those who bought on dip will be covering again. Next time target break is $2.75 to then hit above $3.00 - keeps touching almost upto that point.
Whole travel-sector-up:Strength appears related to travel-sector-optimism on COVID-19-vaccine news, despite a current surge in US cases, as well as an increase in TSA checkpoint travel numbers for Dec. 6.
2:45 pm ET
Will American Airlines Or Delta Stock Grow More By 2025?
Benzinga
12:22 pm ET
*American Airlines Group shares are trading higher. Strength appears related to travel sector optimism on COVID-19 vaccine news, despite a current surge in US cases, as well as an increase in TSA checkpoint travel numbers for Dec. 6.
Benzinga
11:36 am ET
American Airlines stock jumps 8.4% toward 6-mo. high
MarketWatch
YES-PLEASE,that will be-GREAT-much-APPRECIATED. I stopped paying attn. when the "who's the real liar" was going on between the 2 previous CEO's or whoever, promises galore about growth, but now somebody seems really in charge of something...
Buy 5's if you want in, no chance for 4's - if you can find out the real scoop you're the hero.
Biggest shareholders:Carl Icahn,29.29%;Vanguard/Dimensional/PAR/Renaissance own approx. 60% together: not gonna let Hertz/Dollar/Thrifty the biggest combined car names fail.
Shareholder
Owner in %
Freefloat 99.48
Carl Celian Icahn 29.49
Dimensional Fund Advisors LP 9.69
The Vanguard Group, Inc. 6.56
D. E. Shaw & Co. LP 5.74
PAR Capital Management, Inc. 5.61
PAR Capital Management, Inc. 5.53
Renaissance Technologies LLC 5.16
DFA US Small Cap Value Portfolio 3.23
GAMCO Asset Management, Inc. 2.91
BlackRock Fund Advisors 2.90
Glenview Capital Management LLC 2.88
Lyrical Asset Management LP 2.80
Dimensional Fund Advisors LP 1.77
Rebounding toward HOD in Power Hour
Me-too:no-sympathy-for-Shorty,driving-renting picking-up,vital-to-the-economy as driving picks up, for business-pleasure-and to supplement air travel or to avoid it and drive longer distances...
I rented a Hertz a couple weeks ago at an E. Coast airport, beautiful brand-new Zero miles on it Jeep Compass - part of the newly purchased, revitalized fleet. Don't believe shorty.
Some inevitable profit-taking as it's up 20% today around 2.25-8 but buying volume heavy - need to break $2.65 then $3.00.
Holding at day's highs $2.28. Bigger breaks coming.
Knew-it!I just-rented-a-brand-new-Jeep-Compass-at-an-E.Coast-airport,0-miles-from-Hertz!Already started buying a new fleet! "Too big to fail" and they've cleaned out the riff-raff, the OG who wanted bonuses for letting co. get to this point, got new management and they know they're under the microscope.
US Bankruptcy Court in Wilmington, Del., signed off on the funds without holding a hearing. Along with more than $1.6B in bankruptcy financing approved earlier, Hertz has the wherewithal to buy more than 200,000 new vehicles in 2021 to keep its fleet fresh and competitive...
SAME to YOU and THANK YOU!
Yeah ticker-change slipped in under-the-radar:anyone who sold right before even though it was down 50% from bounce after first funding news=making a killing.
Second wave of buying happening now as some already flipped this a.m. around $1.33, which is 50% quick gain from open, double from last week, bought on the dip and HEAVY buying - re-loading now in the teens. This time staying up and away... get them shorties!
Still Kick myself for listening-to-"experts"-on AA when it was 40c just like Hertz lows, sold for a small flip then it went to $40 bucks, was trading over $20 this year upto pandemic and even now anyone who'd bought and held maybe did some partial sells would be filthy rich. Anyone who bought HTZ last week really lucked out and this is still at $1.33 now PM less than 1/3 what it should've been and was rising to just on the news of the last $1B+ financing news.
The "expert" analysts work for the big hedge funds, just ask Jim Cramer, they're scrambling to see what so-called "expert" financial writer hack they can get to quickly squash this MOMO, Shorty taking the rubes for a ride. But getting their butts whipped in a lesson in "shortology."
Also look at Kodak.
OPPORTUNITY hitting IN OUR FACES PEOPLE!
Bid is showing exceeding Ask, system going haywire!
EXACTLY!Shorty Can't-hide-and-cover-behind-SEC/FINRA's intervention this-time! Shoulda gone well over $3.00 with the $1.6B now they've got $5B+ funding commitment and with 229,000 new cars, plan to take back their top spot in the rental biz as the sector is recovering big-time!
I've been saying it's inevitable, as people are driving more, including those wary of flying and paying for ride-share co's. People getting back on the roads for Thanksgiving-Christmas-hanukkah etc. and just sick of being cooped up.
.95c PM now, hitting a buck in no time...AND IT'S ALREADY A BUCK!
50 min's to market open.
Ha-ha, totally agree with you: "tremendous punishology" indeed!
TREMENDOUS PUNISHOLOGY TO SHORTY TODAY:))))CREATION OF SHORT COVER WILL BE ENFORCED.BEND OVER SHORTY.COVER ASAP OR GET DESTROYED.
HUGE!Hertz-will-have-access-to-up-to-$5-billion...to support fleet-financing-needs. Plans to buy 229,000 top-quality cars first quarter of 2021:very soon. Court Approval Hearing Nov. 24th.
Catches up to and exceeds Avis, Enterprise, other competitors as the car rental market has had a resurgence: from Nov. 2nd news story via Dow Jones:
Customers, wary of air travel, rushed to rent vehicles for road trips and business needs and as an alternative to using ride-hailing apps operated by Uber Technologies Inc. and Lyft Inc., executives and analysts say.
These trends helped Avis Budget Group Inc. swing to a net profit of $45 million in the third quarter, reversing losses in the first half of the year, the company said Friday. Privately held Enterprise Holdings Inc. also said it has benefited from an uptick in leisure travel, with bookings improving over the summer and customers renting vehicles for longer periods.
Opportunity as price has quickly crept back toward NYSE pricing even before this news. .92C PM: $5B IN FINANCING
HUGE!Hertz-will-have-access-to-up-to-$5-billion...to support fleet-financing-needs. Plans to buy 221,000 top-quality cars first quarter of 2021:very soon. Court Approval Hearing Nov. 24th.
Oct. 29th court confirmation-of-financing-is-here=catalyst:Hertz also filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. Up to $800 million can be used for working capital and general purposes but the financing is still subject to final definitive documents. There’s also a hearing scheduled for October 29, 2020. Given the sentiment in the market late last week, Hertz stock traders took this as a big positive with shares soaring to highs not seen since June. Given that this isn’t officially finalized yet, will HTZ stock be on your list of penny stocks to buy or avoid this week?
https://marketwirenews.com/news-releases/looking-for-the-best-epicenter-penny-stocks-to-buy-3-7928028006740180.html?i=ib
Confirmation a no-brainer: no interference from courts or SEC/ FINRA this time. New Chief FO, protocols. Shady, self-serving characters who took advantage to reward themselves replaced-shut down from within.
4X as many people die of drug overdoses in SanFrancisco, Pelosi's district, than of Covid. Cancer, the flu, heart disease, other illnesses not being talked about. Many of the most vulnerable were sadly killed early on in "skilled nursing facilities," like in NY where Cuomo was putting infected patients INTO. Can't be complacent about it but travel is picking up. With uptick in airline travel come car rentals, also people are driving rentals instead of flying shorter distances.
While I don't think it will just "go away" without a vaccine, there are treatments being tested, trials ongoing, the media hype is OTT.
PM price coming back up from PM lows, my guess is the court date of Oct. 29th confirming their financing is a solid win, next catalyst.
Next catalyst-for-jump-in-a-week:ur target may be right:
It also filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. Up to $800 million can be used for working capital and general purposes but the financing is still subject to final definitive documents. There’s also a hearing scheduled for October 29, 2020. Given the sentiment in the market late last week, Hertz stock traders took this as a big positive with shares soaring to highs not seen since June.
https://marketwirenews.com/news-releases/looking-for-the-best-epicenter-penny-stocks-to-buy-3-7928028006740180.html?i=ib
With the new Chief Accounting Officer they're betting on approval.
Just saw a 130,000-share-buy,lotsa 20-25K buys,as well as Robin Hood piddling buys. Yeah disappointing there was so much profit-taking but peeps reloading heavily. If it were strictly unloading would've closed nearer LOD.
AH Bids going above close: flipper games, psyching out retail. Another 202,000-share buy on NYSE.
Drifting from there-to-$3.00:once that breaks it'll shatter but peeps reading the inevitable caution warnings.
I bought American in 2012 @ .40c and it reached $40.00 until the pandemic this year, but dumped well before b/c I listened to the dooms&gloom warnings. Yeah we know Hertz is still in BK and that's why they were able to get this type of financing, it didn't come from dummies. If people stop obsessing over minute-by-minute red-black and turning over for peanuts, think of the big picture they'll help push this thing faster.
Exactly what I-was-gonna-say: After $3.00 breaks-any-minute, $3.40-50 for some usual profit-taking then rallying to $4.-5.00
Peeps hesitate to be the first to break $3.00 but then off to the races. Volume over 200M already! Another milestone so early.
Up $152% right now @$2.60,of course the NegNellies always want-us-to-"temper-your excitement"-shorts panicked and making up reasons, but this deal is legit. SEC can't touch it. Still could go either way: pop another dollar to $3.57 or more profit taking but IMO if that happens we'll see another pop, another dollar Monday.
Not-unless-drops-back-under-a-buck,30-consecutive days=my understanding if you mean "pull this off the NYSE," even so it wouldn't be "pulled off the market." There's a buck min. for NYSE and when they sent the previous notice the stock had dropped into change but then soared to over $5 bucks, is holding steady considering the hammering it's taken from the tools in financial media and even SEC at behest of hedge funds which control them and were shorting. The small investors are buying, too many flipping for small change but the train can get away from them any second with updates on a loan or other financing.
The management is busy as we've seen.
Exactly!Shorts-panicked,gonna-burn,depsite lackeys@media/SEC/etc. and any so=called "expert" who hasn't been called upon in over a decade for an "opinion!" Ha-ha, so funny seeing the MSNBC paid panicking!
The MSM babbling away about what happens "after u get delisted," no chance honey booboo's! Double a buck now for the min. and bouncing off the shorts' positions... don't they realize how they keep exposing themselves?
*Hertz-shares-trading-higher:Jefferies analysts...suggest Carmax+ Autonation couldbe-eyeing the company.
9:06 am ET - UP 32% PM
Shorts are nice in the hottest summer mos. but not when it's too hot.
EXACTLY.The Press-beholden-to-hedge-funds,SEC-"experts"-ditto,R so determined to help the shorts they're working against the diligence of Hertz management to secure funding & their co's future, it's disgusting but what it is. If they do and there's a strong chance, this didn't end at LOD, there can be surprisingly strong recovery but the future's uncertain since the neg. forces will continue.
Hertz is selling off some of its fleet, travel's resuming, the whole travel sector is still on fire sale and will be a good bet.
I'd be SO-happy to see a 102-YO co. destroyed so some pilesofdoo can make a few fast bucks, when some peeps say they wanna tear down capitalism at its core, that's what the "movement's" really about and it is, this is what they mean. Maybe they aren't all wrong but I'm betting Hertz gets its loan & shorts fry. They just have to stay above a buck to maintain NYSE listing, their notice came when they'd dropped into the change, had a nice rally considering the cabal from MSNBC to SEC and all the letters have been battering 'em nonstop.
Hilarious lengths they go to: "cooped up millennials" from the pandemic are the reason co's like Hertz just wont' roll over & die. Doth sayeth some Princeton prof in his study, angry that theories aren't holding: "Kangaroo economics," voodoo economics he calls it, is hopping across the Outback.
Agree:they wouldn't have-revealed-they're-seeking-a-$1Bloan if-they-didn't-have-a-strong-shot: the phukks at Hedge Fund, SEC flunkies, determined to kabosh even tho Hertz got court authority to offer the sale. IMO a loan w/out dilution would be better, I agree, I wouldn't go short on this, management is moving FAST to leave no stone unturned. Their name recognition, affiliations and fleet of used cars to sell plus "good will" can't be duplicated for $1B Bucks, it's definitely an asset, appeals to GenX'ers to a degree that surprises the cold arses of those trying to kill it for a fast short. Not one of the finer moments in capitalism, but I have a feeling about this.
1:53pm,ET:Hertz in-Lender-Talks-for-Upto-$1Billion-Bankruptcy-Loan, Sources Say
Dow Jones
Those poor, poor hedge funds and "financial analysts and experts" don't know what to do since they can't kill the stock against those mean ole' retail investors, the much-reviled rubes-dummies trying to save an iconic company and make some Buck$ at the same time. Instead of trying to kill it.
When this resumes the bump could be BIG, short squeeze plus loan?
https://www.wsj.com/articles/hertz-seeking-bankruptcy-loan-after-suspending-stock-sale-11592502836?mod=searchresults&page=1&pos=1
If Icahn sold.73C then soon after it shot-upto-almost-$6.00 he either made a lousy choice and he's not infallible - might've been trading according to the "conventional wisdom" of "the experts": or he'd had puts out or something... maybe expected the stock to get diluted, maybe had heard rumors... who knows.
It's been hovering very stable all morning, no massive sell-offs, could be the short sale pop by Friday.
So=transparent,lackey-writers-churning-endless-drivel-to-hold this down, determined to create self-fulfilling prophecies for the billionaire, hedge funds and those who believe "experts know best." Benziga's putting out a "Princeton economist warns" piece now, who gives AF! Dude should stay in his hallowed halls with his books, this is the trading market we're talking about not Keynsian economic theory.
If they're really so sure of themselves why not leave it be, laugh at the bagholders? Because they're not laughing, they're scared AF pf a short squeeze pop with no shares being added, float 40% short & borrowed.
It's their intervention even via SEC lackeys that's sowing confusion but PPS holding well & consolidating at lows considering, they haven't been able to generate the mass dumping they hoped - little for sale. Some selling of small quantities to hold PPS down.
Fact is that Hertz is also an emotional brand that GenX as well as Millennials have grown up with, who do you price-check first renting a car? Dollar, Thrifty also all related. With so much uncertainty in the world right now, economic and social chaos, many are saying they are investing in the company for a reason, not to lose a 102-YO icon, not just a quick pop.
It's-trading,short-squeeze-still-on:They didn't-get their-wish-to-kill-retail. Hertz voluntarily pulled the share offering that they'd won the right for in court, you're right the SEC suks, just jumped in as the lapdog to hedge funds/big money scared sh-tless that they're stuck with big losses having gambled on this going to a dime or 2c!
You're right they had ample time to weigh in, they can't be that asleep but HTZ wasn't violating any laws, operating with full disclosures.
Our colleagues were cackling in delight at the thought they'd bask in the ruins of their fellow man, if I COVER MY SHORTS AT 2 CENTS, I WILL BUY A PRIVATE JET AND FLY IT UPSIDE DOWN.....I have been waiting for this to go down for three weeks since I opened a short position at $4.33
but after closing at $2.00 it's active in PM, confusion sorting itself out but peeps buying again despite continued doom & gloom wording from the financial media designed to bring it down.
Selling of shares voluntarily suspended not cancelled, but for now with no added shares the shorts getting no further reprieve.
Consolidating at the lows of last couple days before regaining strength in regular session.
Wouldn't be surprised if the SEC has gotten a boatload of calls, emails from new traders just realizing what a scam the SEC is.
Cabal=right:they saw it go against them and the-cabal.SEC=trying to save Hedge Funds it works for (let's make it clear, they do NOT work for the Little Guy who always loses ev/thing in a halt, there's never any restitution) - the hedge funds and their controlled MSNBC, Bloomgberg News and other financial media were panicking and pushing-pushing-pushing the SEC b/c they've bet HUGELY on taking this down but the market wasn't having it. Scumbags all.
Re: question, next post: True, if the float is already 40% short, that has to fill but then the SEC is only ensuring a fast flip, trying to hurt the company - there's no assurance that those purchasing aren't buying into the history of "the name" in car rentals. The judge who granted them the right to sell believed there was merit to letting them try - there were clear and huge disclaimers about the potential value or lack thereof of the stock.
The SEC should stop pretending they're protecting "naive shareholders." They're sleazy as they come.
I'd like to see Hertz's full argument now.
Skyrocket=Where-it-was-headed-FAST+Hedge Funds/MM's/foiled failed "experts" couldn't stand it and kept bishin' to the SEC, FINRA, the corner grocer...
Bah-bah, crying to daddy to help them, the SEC couldn't care LESS about the "little guy." They never do a dam thing to help retail.
Shorts down deep:
10:58 am ET
*Hertz Global Holdings Option Alert: Fri $2 Calls Sweep (4) near the Ask: 501 @ $0.313 vs 30267 OI; Earnings 8/4 After Close [est] Ref=$2.2201
Obvious,read-my-posts:Short Squeeze-Started.40% of float=short. Been a hurricane squashed into a coffee can. Flipping going on already but this is a 2-3-day upward play.
short interest...roughly 36.9% of float...could take off like-a-rocket if retail traders begin buying the stock for a short-term trade.
Why Hertz Is A 'Short Squeeze Poster Child' Ahead Of Bizarre Equity Offering
1:35 pm ET June 16, 2020 (Benzinga) Print
On Monday, Hertz Global Holdings Inc (NYSE: HTZ) announced it would be selling up to $500 million in common stock. In the same filing, the bankrupt company said those shares of stock are unlikely to ultimately hold any value unless higher priority debtholders are fully paid, and short sellers seem to see that news as a slam-dunk trade.
On Tuesday, S3 Partners analyst Ihor Dusaniwsky said Hertz short sellers have covered $46 million of their positions over the past month. However, in recent days Hertz’s short interest has once again risen by 5.7 million shares worth about $9 million.
Hertz’s short interest now stands at $148 million, roughly 36.9% of the stock’s float. Dusaniwsky said Hertz’s borrow fee has jumped to 112%, and short sellers are currently paying more than $461,000 per day to maintain their positions.
Short Squeeze Potential: Year to date, Hertz has been an extremely profitable trade for short sellers, which have netted more than $378 million in profits. But Dusaniwsky said the Hertz short trade has become increasingly difficult this week due to rising borrow fees and broker recalls.
“HTZ has now become a short squeeze poster child with stock borrow rates sky rocketing, large amounts of stock borrow recalls hitting the street, retail investors driving the stock price up (except for today) and short sale locates as rare as vacationer car rentals,” Dusaniwsky said.
He said Hertz stock could take off like a rocket if retail traders begin buying the stock for a short-term trade.
Why Hertz Is A 'Short Squeeze Poster Child' Ahead Of Bizarre Equity Offering
1:35 pm ET June 16, 2020 (Benzinga) Print
On Monday, Hertz Global Holdings Inc (NYSE: HTZ) announced it would be selling up to $500 million in common stock. In the same filing, the bankrupt company said those shares of stock are unlikely to ultimately hold any value unless higher priority debtholders are fully paid, and short sellers seem to see that news as a slam-dunk trade.
On Tuesday, S3 Partners analyst Ihor Dusaniwsky said Hertz short sellers have covered $46 million of their positions over the past month. However, in recent days Hertz’s short interest has once again risen by 5.7 million shares worth about $9 million.
Hertz’s short interest now stands at $148 million, roughly 36.9% of the stock’s float. Dusaniwsky said Hertz’s borrow fee has jumped to 112%, and short sellers are currently paying more than $461,000 per day to maintain their positions.
Short Squeeze Potential: Year to date, Hertz has been an extremely profitable trade for short sellers, which have netted more than $378 million in profits. But Dusaniwsky said the Hertz short trade has become increasingly difficult this week due to rising borrow fees and broker recalls.
“HTZ has now become a short squeeze poster child with stock borrow rates sky rocketing, large amounts of stock borrow recalls hitting the street, retail investors driving the stock price up (except for today) and short sale locates as rare as vacationer car rentals,” Dusaniwsky said.
He said Hertz stock could take off like a rocket if retail traders begin buying the stock for a short-term trade.
Yeah, there wouldn't be so-much-neg-hysteria, otherwise. Hedge-fund guys don't give "expert opinion" for the benefit of the little guys, the so-called Robinhood millennials. Loading as cheap as they can for the bounce. They keep harping on the worst case scenario that 1B shares will dilute the value but the shares won't hit for a LONG time & shorts have by Wed.-Thurs. max to cover.
After the price plunged to low 1.70's the rest of the day was a struggle to retest the lows to buy. They're about there AH.
Also Hertz has a huge inventory of used cars to sell
Shorty wanted to take-it-back-down-to-LOD,usual pattern,then BUY-BUYERs are bidding it back up. Shorts have to cover w/in 3 days. Doesn't matter if it's a long-term play, it'll be a LONG time B4 any additional shares hit the market and depends at what price. A 102-YO co. that has a brand which could cost Billions to re-create ain't goin' nowhere.
Shorts & hedge fund "experts" been hammering this for their benefit, we all know that Cramer's technique of bad-mouthing to buy is typical, plus their ego's can't stand not controlling the market. MM's hungry. These so-called "experts" are as objective as the MSM when it comes to covering politics - they spin "news" to direct events in a certain way. Pay attention folks.
MASSIVE BUYS comin' in arouund $2.10, bottom?
Yeah,Articles like-this-admit-the-"experts"-are-flummoxed,yet price-soared-so they have to make it sound like some naive rubes haven't figured things out yet "the right way," or are just bored and would be gambling in casinos. Basically they just don't know WTF they're doing in an economy where Covid has caused temporary collapses in industries that will recover.
They also mention Amer. the airline which I sold to buy in here and will play with too, I remember when that went BK maybe 10 years ago and was available for .25c. If only I'd had the coin as a young millenial, I'd be filthy rich.
The Under-40 Set Discovers Day Trading -- Barrons.com
6:46 pm ET June 12, 2020 (Dow Jones) Print
ByAvi Salzman