Board 8 > Stock Topic 36

(+) Yeah! (+)

$6+ tomorrow imo

Aaand back in the green. I'm really going to like all my calls gapping up tomorrow morning

Oof NET

Great buying opp for BBIG today

Hold through May 18 it should get back up to 12+ imo

Not to rain on the BBIG parade, but its up 25% today as of this post but still below what it was at a few months ago when many people bought it.

Listen the catalyst that is going to force everything is here, so I'm not remotely worried until it's the 18th and it's still down here. But I know that's not going to happen, because I know how the market works beyond seeing a chart.

They are going to try to shove the price down until probably May 16th to remove pain from options but I don't think they will be successful, not with 81 million volume so far. I'm expecting a huge moonshot -> halt sometime today. That's why I'm holding my 3c and 4c that expire today instead of flipping them.

Spidey sense is tingling that it pops if it cracks $3.40.

Probably roll my weekly contracts shortly. Think there's more upside than cashing them out for $40 each.

Rolled out my weeklies to 5/27

Currently have 30 3c, 30 5c, 13 4c, 7 6c at that date. Most of that is from the profit from the weeklies (I had 47 of them)

Recommend shares for anyone with more money though.

If you wanna play like a coward huge profit to be made by selling 3p for next week or buying shares and selling 3.5c for next week.

No chance this thing isn't flying next week though.

Anyway the key here is up through the 18th, then through distribution on the 27th, then the fallout of margin calls + option chains in the weeks to months afterwards. If you look at OSTK its digital dividend

April 6th is Declaration (OSTK Price $5.50 - price went pretty linearly up through April 24th. We are here)
April 24th is Ex-Dividend (OSTK Price $9.92) (May 16th for BBIG)
April 27th is Record (OSTK Price $12) (May 18th for BBIG)
May 19th is Distribution (OSTK Price $17.87) (May 27th for BBIG)

So at minimum I'm thinking we reach $10 by Distribution, $7 by Record.

The thing is I think there are alot more abuses going on with BBIG than there were with OSTK. Keep in mind in a post GME/AMC world and with a lot more payment for order flow services in use than there were in early 2020, there are a lot more tools to suppress the price and they're being more aggressively deployed for that reason. But with a dividend that isn't delivered in straight cash, the bill becomes due. Any naked shorting has to be resolved (and I think with a huge dark pool/option chain/failure to deliver and short exempt numbers like BBIG, this is a certainty to exist) which is going to push it up outright-- and then shorts are probably going to be covering as well. Then you've got tons and tons of option chains which will be fully in the money, which will make the market maker need to hedge.

OSTK peaked by August with $120 and was around $50 in July. I think anyone heavily invested in the July/October option chains (or shares, obviously) are sitting very pretty right now. This is going to be very strong, and the fact that they weren't able to push it below $3 today (and believe me, they tried and the market dumped to have their back) is super bullish. Literally the only way this gets stopped is if something comes to stop the dividend-- which is why I'm not saying everyone in here should dump their whole portfolio in, but yeah. Buy big, sell half at $6.50 and see where the rest goes, seems like a hard play to lose right now.

SEC amendment filed confirming the PR, probably last chance to get in in the $3 range I gotta figure. Expecting a large gap up Monday.

Man youve been saying stuff like that for months lol

(Hopefully) the difference is the discrete event actually happening now. And thankfully, it's happening before my credit card statement where the big tax bill landed.

As an aside, Chase bank gave me the option to pay off >$100 purchases in monthly installments with zero % interest but a monthly fee. A fee which when converted to an APR comes out to about 9%. When big banks are doing payday loan/buy here pay here shit, the crash is coming.

Moonroof posted...

Man youve been saying stuff like that for months lol

I mean BBIG is outperforming the market by far in the past few months. If you put your money in BBIG instead of Evri you wouldn't have lost 100k and would still have the upside we haven't achieved yet

If I had put my money in EVRI instead of BBIG Id be up more too.

Evri is down about 30% from when I first mentioned BBIG actually ($24->$17)

BBIG was like 3.20 to 2.10

frankftw posted...

(Hopefully) the difference is the discrete event actually happening now. And thankfully, it's happening before my credit card statement where the big tax bill landed.

As an aside, Chase bank gave me the option to pay off >$100 purchases in monthly installments with zero % interest but a monthly fee. A fee which when converted to an APR comes out to about 9%. When big banks are doing payday loan/buy here pay here shit, the crash is coming.

That's substantially lower than typical credit card interest. Would seem to be a sign the economy is healthy if anything.

Moonroof posted...

BBIG was like 3.20 to 2.10

Try $6 to $2.10 actually

My point is everything is way down though

I'm investing I'm BBIG for a very specific catalyst that has been delayed and delayed and is now here. Of course I'm very confident it will go up this time. The clock is ticking. Naked short positions must be closed by the 18th, and normal short positions will likely be closed as well because it's extremely difficult to navigate maintaining that short position when you owe a spinoff dividend especially with a ton of options generating upward pressure. That's why OSTK went up so much in 2020 I'm the month or two after the dividend. Margin calls and full option chains being ITM every week for weeks and weeks.

You're investing in EVRI because "homie stock" do you even know why the price should go up or down? Do you even have any price ranges in your head for it? Like I'm not saying it's a bad stock but I'm saying your investing mindset is doomed to lose money unless you evolve it. We've been telling you and telling you and you've been ignoring us because you've made money (largely on plays others have suggested) but when any investment you make doesn't fly up within 2 days of when you buy it you're cooked. In a bear market you're going to lose a ton of money doing this.

Lopen posted...

Try $6 to $2.10 actually

My point is everything is way down though

I'm investing I'm BBIG for a very specific catalyst that has been delayed and delayed and is now here. Of course I'm very confident it will go up this time. The clock is ticking. Naked short positions must be closed by the 18th, and normal short positions will likely be closed as well because it's extremely difficult to navigate maintaining that short position when you owe a spinoff dividend especially with a ton of options generating upward pressure. That's why OSTK went up so much in 2020 I'm the month or two after the dividend. Margin calls and full option chains being ITM every week for weeks and weeks.

You're investing in EVRI because "homie stock" do you even know why the price should go up or down? Do you even have any price ranges in your head for it? Like I'm not saying it's a bad stock but I'm saying your investing mindset is doomed to lose money unless you evolve it. We've been telling you and telling you and you've been ignoring us because you've made money (largely on plays others have suggested) but when any investment you make doesn't fly up within 2 days of when you buy it you're cooked. In a bear market you're going to lose a ton of money doing this.

I actually don't think Moonroof's strategy is doomed to lose money. He is in cash most of the time and invested in stocks occasionally which means his average return should be low, but positive. The problem is that he might see his strategy as safe while it actually carries substantial risk (since he goes all-in on one stock). But he also says he understands the risk, and it's been explained a million times, so I feel like he must understand.

As far as BBIG vs. EVRI goes, I'd far rather invest in EVRI than BBIG based mostly on reading this topic, but I am down a lot this year so what do I know.

I feel like the best salve for stock beatings is to buy dividend stocks. And hold them forever.

Holding is always the way to go, when its not a massive bull market like COVID made it during Stock Topics 1-20. Holding would have been good, but day trading was great.

Day and swing trading was a lot of fun until you're not in a bull market anymore. I turned into a buy and hold investor at a bad time. I'm increasing my dividend ETFs mostly. I wish I went all in on SCHD and the like. Oh well.

Anyway, futures look horrible. I'm going to preemptively say one thing about this

ow my portfolio

Bbig fears no futures to the moon baby

Market will probably suck until fall

Ow my 401k

April inflation report coming Wednesday.

Moonroof posted...

Holding is always the way to go, when its not a massive bull market like COVID made it during Stock Topics 1-20. Holding would have been good, but day trading was great.

It's the opposite actually. Holding in that bull market would have made you way more money. If you had held EVRI the first time you bought it and not sold for a year, how much would you have made?

In a bear market, day trading is beter than holding because you are sitting in cash and hence not losing money a lot of the time.

EVRI was definitely an exception because its one of the very few non-crazy stocks that went up over 500%. I was able to daytrade the meme stocks like AMC and DWAC and get insane profits from them, which wouldnt have happened had I held.

I'm just going to keep buying every paycheck. Bought some EVRI

I have no idea what is going on with EVRI. Last week was the first time it did very bad.

Im sticking with GS puts. Need it to stay above $285 to win $350 lmao jeez

Holy christ on a stick, Unity :|

Damn U dropped so far there aren't even puts written for 30s. Jeez.

neonreaper posted...

Market will probably suck until fall

Upvote this comment ya

Nanis23 posted...

Holy christ on a stick, Unity :|

.. ouch my portfolio.

ow my portfolio

ow my BYND

Bitcoin crashing super hard.

I smell margin calls coming.

I was reading yesterday how Luna lost 98% of its 20 billion valuation in 5 days and some people were contemplating suicide.

If crypto wasnt so bad for the environment I would care more.

The details of the Terra attack is super interesting. And as much as I want to rehash things like the marginal greenness of new energy deployment, increased utilization of intermittent clean power generators, and the footprint comparison to legacy financial systems including the dollar security layer of the US military, I'll instead leave you to remain mistaken.

So either wallstreet is more corrupt than I think and I'm screwed

Or BBIG is going to rocket harder than I could've ever imagined next week and I'll see you at million.

It being the only meme that isn't running right now, and is in fact dumping (??? Who would sell now???) is like... what? Are we going to bankrupt Robinhood or something with this run I'm like totally confused why it would keep being suppressed. I mean short interest has gone up almost 50% this week but yeah. This is wild.

When is the dividend happening? Also perhaps that will be the catalyst for it to finally go below its support at $2.

my worry with BBIG is that the Tyde stuff was already priced in around 3 and really if you like Tyde why not just buy Tyde?

my BBIG position is 1000 shares at $5 fwiw

Dividend record date is Wednesday

Last day to buy in Monday

Why on earth would that catalyst make it go below $2. You don't know how dividends work if you think that has any chance of happening.

This is basically, even ignoring all the snafu with naked shorts and difficulty in paying out share dividends you're short, a $1 dividend (Tyde SP $10, 10:1 ratio for Tyde) on a $2.50 stock. It will run.

Unless Tyde isn't really worth $10. Or maybe it is but the rest of BBIG is worth zero. Then it would go to $1. The mechanics are simple. The shorts already have enough calls to be fully protected from a squeeze. Once the dividend comes long holders sell out since there are no more positive catalysts. Not saying it will happen but I feel like that's a very possible outcome.

Respectfully, I don't respect your opinion on this because you haven't really been following the stock and were arguing Gamestop's valuation was legitimate at $200 or something.

We'll see. Right or wrong winning points here has very little value compared to the money I'll make, so I promise I won't rub it in your face if it goes to like $40, but yeah.

Also it has nothing to do with Tyde's "actual value"

I'm saying you're getting a stock that you can just sell for $10 per share. That's nothing to do with speculation that's just what you get.

I said GME's valuation was fairly legit at $120, and it's spent most of the last 15 months above that, so........

Lopen posted...

Also it has nothing to do with Tyde's "actual value"

I'm saying you're getting a stock that you can just sell for $10 per share. That's nothing to do with speculation that's just what you get.

Can you? How? Who are you going to sell it to? Loads of SPACs are now trading way below their initial $10 price from when the SPAC was just holding cash.