Page 437 of 482 FirstFirst ... 432 433 434 435 436 437 438 439 440 441 442 ... LastLast
Results 10,901 to 10,925 of 12036
  1. #10901
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    11,897
    Quote Originally Posted by LeeLau View Post
    These small cap small float rockets are not for the faint-hearted. I remember ADSX and trapped short sellers

    The only fish I've caught so far is WORX and the borrows came only after the first day pump.
    WORX spiked afterhours yesterday based on an 8K rehashing their first pump news release. In that 8k they reported expected margins out of their pending deal for their ecommerce platform which at first blush looked awesome. But they have to pay 50% upfront for their orders of their COVID test from their Aussie supplier; money which they didn't have. There were AH borrows so I took them and shorted on the assumption that WORX would do some crazy below market financing.

    Today some anonymous Seeking Alpha report came out saying that the Aussie supplier of COVID test kits is itself just a reseller of some Chinese test kits. The Chinese test-kit maker is cancelling the Aussie suppliers' order because they misrepresented themselves as the ultimate end user. And there is some question itself whether the order that resulted in the WORX pump itself was real.

    It's not quite skiing but sure can be fun sometimes

    and went long CCL again based on TrumpPump

  2. #10902
    Join Date
    Sep 2006
    Posts
    3,502
    Quote Originally Posted by 4matic View Post
    AMZN is for sure a winner but at what cost? Labor and business expenses will surely rise as will shipping costs when the alternative shippers stick it to them. What I think happens is people will expand their use of other online services. All of these zero tax wall street companies that use cheap labor are at risk of regulation.
    The only risk these large companies have of being regulated is if the dems get control of the Senate and the WH. Even then, the regulations will be so weak and watered down, it won't matter. Just look at the banking cartels. They pay a few billion here and there, and just keep on growing and buying their way out of jail.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  3. #10903
    Join Date
    Aug 2016
    Posts
    2,496
    Quote Originally Posted by Hott Butt Mud View Post
    eh, some small biz will dies next 12 months, but others will re-open and new biz will start.

    We will move one from this shit. Only temporary.
    who’s going to be opening all these new businesses? The people who just lost the one they’d had for 10-20 years? Retail, restaurants, pick anything, it’s hard work if you aren’t some trust funder with a pretend boutique that doesn’t need the books to balance.


    regarding cruise lines, most of the quarantined cruise line passengers are going to go on a cruise again
    https://www.bloomberg.com/features/2...e-coronavirus/
    Almost all the passengers interviewed for this story say they’d cruise with the company again. After all, Carnival offered many of them free vouchers for future trips. “The more you travel with them, the more goodies they give you,” says Courter, a survivor of the Diamond Princess. “It’s like rats and cocaine.”
    Last edited by dunfree ; 04-17-2020 at 10:55 AM.

  4. #10904
    Join Date
    Sep 2006
    Posts
    3,502
    Awesome, coked up geriatrics hitting the cruise lines again. Maybe a 2nd round of COVID-19.1 will either cure them or kill them on the cruise addiction.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  5. #10905
    AMZN captures a greater share of a smaller market.

  6. #10906
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    41,912
    Quote Originally Posted by Toadman View Post
    The only risk these large companies have of being regulated is if the dems get control of the Senate and the WH. Even then, the regulations will be so weak and watered down, it won't matter. Just look at the banking cartels. They pay a few billion here and there, and just keep on growing and buying their way out of jail.
    What difference would the Dems in charge make? Pelosi represents the tech bros in California, and she's incredibly rich. You actually think they'll change shit? That's like thinking Schumer will reform Wall Street.

    Let's do some livin'
    After, we die

  7. #10907
    Join Date
    Apr 2010
    Posts
    541
    Quote Originally Posted by Toadman View Post
    Well, it's good to see one of my stocks doing well this morning. I bought GILD many years ago when it was down in the $20's. Only because I know one of the research doctors that was working on a cure for Hep C. Sounds like they have a drug that has shown some very positive results with COVID 19 patients.

    https://finance.yahoo.com/news/u-hou...142007792.html
    Sitting at a bar in Fat City and this obnoxious retired brain surgeon, now private equity guy rants on and on about GILD. Entire bar hates him, bartenders want to kill him. Complete douche, we get him wound about about stocks and shit. Bartenders comped our meal and drinks for distracting him.

    Ended up buying some GILD, that sucked for many years but its popped nicely.

    Free dinner and a decent return in my GILD, time to sell.

  8. #10908
    Join Date
    Feb 2004
    Location
    Loveland, Chair 9.
    Posts
    4,522
    Quote Originally Posted by Benny Profane View Post
    What difference would the Dems in charge make? Pelosi represents the tech bros in California, and she's incredibly rich. You actually think they'll change shit? That's like thinking Schumer will reform Wall Street.
    they have ratios now they had in February, ther's still likely going to be a further pop upside when states and other world economies restart but the damage is done, there will be a serious economic decline. placing a short and holding over the next 12 months, you are going to make money.
    Eat em up Houston Cougars !

  9. #10909
    Join Date
    Mar 2006
    Posts
    16,503
    WTI crude at $14.71. Down $4.

  10. #10910
    Join Date
    Sep 2006
    Posts
    3,502
    Quote Originally Posted by Benny Profane View Post
    What difference would the Dems in charge make? Pelosi represents the tech bros in California, and she's incredibly rich. You actually think they'll change shit? That's like thinking Schumer will reform Wall Street.
    Very little. Which was the 2nd sentence of my post, admitting, that the risk is very low to banks.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  11. #10911
    These guys might be puking up their positions, pushing down errl. Prices went negative briefly for western Canadian select from what I sawr.

    As a result, the company faces a significant shortfall between the oil stocks it held and the inventories pledged to its banks. That potentially means huge losses for the banks which provided the merchant with billions in loans as the collateral they thought they have as a guarantee isn’t there.
    jfc

    The company told its creditors that it only had $141 million worth of oil products inventory, compared with the $1.28 billion it declared in its audited statement on October 2019. Hin Leong had only $50 million in cash as of April 2020, compared with $461 million in October 2019.

    Bloomberg first reported Hin Leong’s financial difficulties April 10 after some lenders had pulled credit lines from Hin Leong amid concerns over its ability to finance its debts. It’s said to owe almost $4 billion to more than 20 banks including HSBC Holdings Plc.


    https://www.bloomberg.com/news/articles/2020-04-19/hin-leong-is-said-to-have-failed-to-declare-800-million-losses


    good thread here on why USO is a bit of a value trap now with steep contango (August WTI is >$30, May is $15, USO rolls contracts so you could be up slightly or down even if WTI spot returns to $30 by August).

    https://twitter.com/ErikSTownsend/st...312832/photo/1

  12. #10912
    Join Date
    Oct 2003
    Location
    Josephson Junction
    Posts
    3,501
    Quote Originally Posted by Meathelmet View Post
    BA, Norweigian and SAS will go under before May.

    #Nostradamus(tasch)
    Well, Norweigan just announced that they will declare its Swedish & Danish branches bankrupt..
    Sweden has raising concerns about SAS and its fiscal situation..

    The floggings will continue until morale improves.

  13. #10913
    Join Date
    Jan 2010
    Location
    Presidio
    Posts
    1,433
    Oil tanking

  14. #10914
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    11,897
    Ticker confusion. The correct ticker was AVCT.L on the AIM. Looked but no borrows sadly.

    Already down to mid 2s

    American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) shares rose 191.2% to $5.97 in pre-market trading after the company announced collaboration with Cytiva on COVID-19 rapid test. Benzinga

  15. #10915
    Join Date
    Dec 2012
    Posts
    10,833
    Quote Originally Posted by RockChalk View Post
    Oil tanking
    No pun intended?
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  16. #10916
    Join Date
    Jan 2005
    Location
    Denver, CO
    Posts
    1,563
    Oil hitting an all time low, and markets are flat? There is some chicanery going on....

  17. #10917
    Join Date
    Dec 2012
    Posts
    10,833
    ...a mystery wrapped in an enigma. A wise old oil man once told me "ain't no better cure for low prices than low prices."

    He also said, as I was waiting inside one of the control rooms at a Texas refinery for the daily 5pm thunderstorm's torrential rains to stop and the flooding to subside. "Son, I dunno what you're waiting for, but here in TX that's just a heavy dew."
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  18. #10918
    Join Date
    Jan 2010
    Location
    Presidio
    Posts
    1,433
    Quote Originally Posted by Timberridge View Post
    No pun intended?
    At this point I dont even know

  19. #10919
    Join Date
    Mar 2006
    Posts
    16,503
    Expiring WTI @$4 a barrel. Canít give it away.

  20. #10920
    Join Date
    Dec 2012
    Posts
    10,833
    Can't afford to store it either.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  21. #10921
    Join Date
    Jan 2008
    Posts
    5,375
    Quote Originally Posted by Timberridge View Post
    Can't afford to store it either.
    Name:  gascrisis1.jpg
Views: 342
Size:  20.4 KB
    Click image for larger version. 

Name:	3441686-thegangsolvesthegangcrisis.jpg 
Views:	92 
Size:	85.0 KB 
ID:	325925

  22. #10922
    Join Date
    Sep 2006
    Posts
    3,502
    Can you pump oil back into a well, like they do with pumping sea water into one? Might be a good idea to explore that option...
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  23. #10923
    Join Date
    Mar 2006
    Posts
    16,503
    SPR should buy all the May deliveries

  24. #10924
    Join Date
    Dec 2012
    Posts
    10,833
    Quote Originally Posted by Toadman View Post
    Can you pump oil back into a well, like they do with pumping sea water into one? Might be a good idea to explore that option...
    It's a bit like putting a shit back in someone's colon.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  25. #10925
    Join Date
    Dec 2012
    Posts
    10,833
    A new opportunity may exist in keeping empty salt caverns for when this happens.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

Similar Threads

  1. Who voted for Bush/Cheney in '00 or '04?
    By Bud Green in forum General Ski / Snowboard Discussion
    Replies: 281
    Last Post: 04-14-2006, 11:44 PM
  2. Risotto Recipes - What you got?
    By skiaholik in forum The Padded Room
    Replies: 41
    Last Post: 03-29-2006, 05:03 PM
  3. Did American Ski Company get delisted from the stock market?
    By Free Range Lobster in forum General Ski / Snowboard Discussion
    Replies: 3
    Last Post: 09-06-2005, 06:13 AM
  4. Bear Activists Killed and Eaten by Bears in Katmai
    By Lane Meyer in forum TGR Forum Archives
    Replies: 30
    Last Post: 10-09-2003, 08:43 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •