Board 8 > Stock Topic 37

(+) Yeah! (+)

S1 effective

Tyde Distribution date set as Jun 29

Up 10% in a minute

Going to be glorious. I have 90 2.5c that expire this weekon BBIG. Let's see if I can recoup all my losses with those.

Just hoping my Roth account goes up at this point.

Well looks like those won't work. Only a few hundred lost, got most on the cheap. Got over 100 between 2-3 for next week so I could still recoup all my losses there. I think it'd need to go to around $5 next week for me to be neutral on just those. We'll see what happens.

BBIG has 12m volume traded in the last minute of trading

That was nearly half the volume of the day

Oh and the price didn't move either

I definitely found crime. The question is whether it was wise to battle crime or not.

I will say that I'm pretty excited

People WILL notice this. And it IS happening for a reason. I don't know what it all means but basically the volume was this.

7m in first couple of hours
7m all but last hour
5m last 10 minutes
12m last 1 minute
4m after hours so far

That last minute was more than daily volume was for many days there.

I thought my 8c for July 15 were dead in the water. Not sure anymore.

Looks like it had to do with the Russell inclusion now that I dig in

That's really interesting though. I feel like 12 million shares out of the pool should move the price considerably

Would you consider it a victory of BBIG goes up 50% from what you bought it at, a year after you started investing in it?

I would in this market yeah.

Not so much in Late 2020-Early 2021's market, but having money basically in any stock I like would have had me bleeding as badly or worse

If I'd gone all in on FUBO I'd be down 80% with no end in sight instead of seeing a break-even+ opportunity within a week.

This was quite a good week. 5 green days in a row. Not sure when was the last time I saw that.

We were due. Its been brutal.

I looked at FUBO - wow it's down more than 90% from a year ago. Not surprised though as pretty much every tech company that fits a similar profile is down in the area of 80-95% from peak.

Fubo is down 95%+ from its peak (which was over a year ago at $60)

And I thought its peak was a realistic number for it to have.

It's why you can trust when BBIG goes I won't be total diamond handsing it till it falls back down. We get to $5 I'm cashing out enough to break even. $10 I cash out most of the rest and am over double my money.

I do have a supply of 2023 5c which I'll probably exercise at 2023 as I do like the company longterm.

Like I think BBIG can hit $20 to $40 but once it has hit $10 the upside has gotten significantly less lucrative

I want to say that the whole diamond hands concept is ridiculous. You sell when it's at a price where there are better things to invest in. If that never happens then you keep holding, like Warren Buffett, but once that happens you sell. There's no sense in holding just to prove you have "diamond hands."

I think diamond hands is just a way to say discipline. Like it's definitely good to hold through your stock's price getting beat down and it's definitely good to not sell the moment it goes up 20% too if you think it should be up 200%.

But you gotta realize that sometimes discipline is stupid after it's gained some. If BBIG is at $10 and I think it could reach $40 yeah I can keep holding but... with the market super dead right now I can find dozens of stocks with imo 4x+ upside. And that's just playing shares. Playing LEAPS that field widens even further.

I do think $5 next week, $10+ by July 15th are realistic price targets. But that's because I think

1. There's a lot of naked shorting going on and the dividend will sort that.
2. Many shorts will want to cover to get the dividend as it's incredible value per share at these prices.

I think the market makers will settle the naked shorting on their end over the weekend and we gap up pretty hard Monday THEN the covering starts. But who knows it could just explode the distribution date too (Wednesday).

Okay all things confirm distribution on June 29

Ascending resistance we're seeing. 2.05, 2.07, 2.08. Short exempts (market maker authorized naked shorts) coming in droves, price still increasing.

Thinking hard pop within the next hour. Anytime through Wednesday is possible but this graph has me so hyped.

Tomorrow is go time. If my theories about naked shorts and such and some shorts voluntarily covering in the face of such a beefy dividend are right we should see a decent little bump tomorrow. I will cash a bit out to remove risk, but I do think the true squeeze happens around July 15. That options chain is ridiculous and fleshed out and the can kicking methods from this week will have largely timed out by then (T+6 on short exempts)

Good luck man

Yeah. If it doesn't move at all tomorrow that'll be my first concern I screwed up here. I think it'll have to. Not sure where it actually goes. Anywhere between $3 to $6 wouldn't surprise me too much. There are no delays or anything of the sort on the table anymore. Just a matter of how far the corruption in the market goes really.

I certainly wouldn't mind a little fake out squeeze to $5 tomorrow. Cash in some calls and buy them back on Thursday

Yeah $5 tomorrow is what I'm personally hoping for and would allow me to cash out enough to break even on the entire play. While still having sizable share position and calls on Jul 15, Oct 20, and Jan 2023.

Everything at fresh lows.

Where does the bottom end :(

Looks like crime wins. Oh well. Still holding. Do think there will be hard bounce soon.

Not buying anymore till we have results of max share increase though.

This'll be a learning experience. Have no idea what spinning off Tyde does to BBIG's stock price if anything. Some people are saying it'll drop by value of Tyde/10 which I know is wrong. I think it's based on relative market caps.

All my options will change to 100 BBIG + 10 Tyde each. That much I know from Pfizer's Viatris spinoff.

Fun facts about TYDE

20.5m float
19m shares directly distributed to BBIG holders

So 1.5m free float currently if holders don't sell

However, BBIG current short interest is about 36m shares.

Meaning Tyde short interest starts at 3.6m or 240% of the free float. Could be an interesting day tomorrow.

Other weird thing about Tyde.

All existing options contracts have been changed to deliver 100 BBIG + 10 Tyde

This has very interesting implications if BBIG or Tyde runs.

For instance if BBIG were to stagnate around $2 as usual and Tyde were to jump to $20 per share, the options chain would gamma squeeze to $4 as the Tyde portion of the deliverable would be worth $2 worth of strike on its own.

Really interesting. I'm pretty excited for the next few weeks. Not sure what happens but I'm glad I have a lot of pieces in the game.

Interesting that they're trying to pin BBIG Price and Tyde Price so their combined total (with BBIG weighted 10x) is roughly the same as what BBIG closed at.

This is not how spinoffs work and never has been. In my experience the spinoff company usually drops minimally if at all. I think this is going to get exploited today. It takes too much coordination for this illusion to hold and BBIG probably has some people buying more down here.

Theres no where to go but up!

What about down?

No matter how far something has fallen, until it hits 0 it can still fall another 100%.

it's always darkest just before it goes pitch black!

Lopen posted...

Interesting that they're trying to pin BBIG Price and Tyde Price so their combined total (with BBIG weighted 10x) is roughly the same as what BBIG closed at.

This is not how spinoffs work and never has been. In my experience the spinoff company usually drops minimally if at all. I think this is going to get exploited today. It takes too much coordination for this illusion to hold and BBIG probably has some people buying more down here.

I thought that's exactly how spinoffs would work in theory. The spinoff should not change the total value held by shareholders from the spinoff if the market is pricing things efficiently.

I've never seen it happen. Was involved with the Pfizer Viatris spinoff in Nov 2020 and watched the IBM spinoff in Nov 2021. Neither one the stock price of the parent changed at all.

With Tyde they shouldn't either. All Tyde took from BBIG is a cardboard box company in terms of revenue. That isn't 1/3 the value of BBIG lol.

Anyway it's interesting to watch. Got till July 15 before I start panicing.

What happened to BBIG? when did that big drop happen? can't see it in the graph. Was it a reverse split or something?

Tyde spinoff happened

No one covered. The price got adjusted down overnight to that of BBIGV which was entirely a fake price to begin with as no one could trade it. Tyde now 200%+ short because no one covered of the 40m shares short on BBIG and there is like no float due to all the shares being distributed (probably a bit less now, no doubt some legitimate panic sales today)

There will be some correction in the coming days because a lot of the tricks to drive the price down were not sustainable but it might not be enough. We'll see.

Actually hyped now

The special meeting to vote on authorized share count was delayed till July 26.

This means one of two things.

1. The company saw the vote was going to be no because retail voted no, decided to postpone thinking a higher SP would entice people to change their votes.
2. The company never intended to hold the vote on the 1st, and it was an elaborate bear trap placing it just after the dividend.

In any case that was the way for shorts to escape and is now gone. I do not think both stocks can be pinned until July 26th and there is an absolutely monster option chain July 15 that gamma squeezes if either ticker in it runs. There is also no pretense of quiet period as the spinoff is done. I expect an onslaught of PRs to try and get the price up and an inability to keep it pinned, as well as the completion of the Tyde due bill distribution to push things on its own.

This will be my last hurrah as I have no more money to sink in, but I'm still in this. The play lives.

This is incredible.

Tyde is getting average 2m volume when in theory there are only 1.5m shares in the free float. Obviously some holders sold but it's still a lot of volume.

BBIG was moved down by the market maker to the 1.4 range to account for Tyde which promptly quartered in value meaning it should be back closer to $1.70 and it's just not. Short positions and cost to borrow just continue to go up and up and up and it just doesn't matter.

I either picked the absolute best stock or absolute worst stock to invest in. Got nothing more I can do at this point. Just gotta watch and know that these tricks don't work forever. If the July chain expires I'm not dead, just my aspirations for being a millionaire off the play lol. +100% is still pretty attainable at even modest price moves but man.

This is so crazy. I'm convinced if it moves +50% it'd move +500% at this point but can it move up at all?

Lopen posted...

This is incredible.

Tyde is getting average 2m volume when in theory there are only 1.5m shares in the free float. Obviously some holders sold but it's still a lot of volume.

BBIG was moved down by the market maker to the 1.4 range to account for Tyde which promptly quartered in value meaning it should be back closer to $1.70 and it's just not. Short positions and cost to borrow just continue to go up and up and up and it just doesn't matter.

I either picked the absolute best stock or absolute worst stock to invest in. Got nothing more I can do at this point. Just gotta watch and know that these tricks don't work forever. If the July chain expires I'm not dead, just my aspirations for being a millionaire off the play lol. +100% is still pretty attainable at even modest price moves but man.

This is so crazy. I'm convinced if it moves +50% it'd move +500% at this point but can it move up at all?

Yes, it's either up or down. It shouldn't be able to hold these current levels. If it goes to zero in a short enough time then all the shorts make up their high interest rates to borrow.

It won't go to 0. Too many funds long on it and it's financially stable for a few years based on cash on hand and cash burn. It had huge resistance at 1.90 before Tyde. I think $1 is probably the floor.

I've read theories that there is a huge player in on this wanting it to fail. The market maker susquehanna has a 15b stake in Tik Tok so trying to bankrupt alternate short video format stocks would make sense I suppose? The FCC advised a ban on Tik Tok and a decision would in theory be made by Apple and Google next week. Could send it. I don't know. But yeah. This is shadier than I was expecting coming into the stock I gotta say. And I was expecting a lot. Lol.

People still don't have their tyde

Some people are getting their tyde then having it adjusted or getting the wrong amount of tyde to begin with.

The stock movement went down to 1.16 today then barcoded so hard for like 8 million volume the price chart literally could be scanned to view an Amazon item.

What a shit show. This will eventually untangle but wow. Still stand by the theory being good but the crime on this stock is strong enough that the rules seemingly don't apply and it may not matter. They keep it down here I may start accumulating shares though.

The problem is I don't even know what management can even do at this point. I guess cancel the dilution vote outright.

Basically right now the objective is to bury the July 15 options chain. The reason bring that Tyde is baked into all 550k open interest on it which would be 5.5 million shares of Tyde that would need to be delivered and they can't even sort out what they have now

If BBIG can get above $2 before July 15th we'd see some real fireworks but I'm not sure how it can be done when you can just naked short to oblivion.

Lol dude, I think its time to let go of BBIG.

Tyde literally could be a Volkswagen situation.

19.5m float
18m distributed to shareholders
3m shares short to start
About 2m shares added short since distribution

So you've basically got 5m shorts on a 1.5m free float. As well as like 200k short exempt which are market maker naked shorts.

If the July 15th option chain needed to be delivered in any appreciable amount it would be ridiculous. I'm not sure if blatant crime manipulation can be maintained for a week and a half. Interesting time.

I think the main thing management could do is proceed with the Zash merger which would force some covering of BBIG due to changing of the ticker (which would put a million Tyde calls in the money) but I don't think that can be executed in 1.5 weeks

Moonroof posted...

Lol dude, I think its time to let go of BBIG.

Fuck off

Like I'm sorry you've had all the success in the world buying high and selling low but that's not how you make money on the stock market.

Are you okay?

I'm irritated at you saying because the price has gone down after a bunch of good news and the market cap is now lower than cash on hand I should sell

What a moron piece of advice. I suppose if I wanted to lose 100k regularly I'd do that.

Moonroof posted...

Are you okay?

Do you want to be mocked for losing money?

It pisses me off because the company has done nothing wrong and on the timeline I expected. It has delivered on what it should and the price is just going down down down because of crime because there's a major conflict of interest with the literal market maker for the stock.

And you look at the graph today and you can see the most bogus thing ever, 500k shares on the bid and the ask on a $1.18 stock, frozen between $1.15 and $1.16 for 9 million volume of trading after flash dump of 10% at open. And it's like... what is even going on here really.

And we've got moonroof over here acting like he knows shit despite not knowing a single thing about the company but the stock price.

Yeah, like I got burned picking an individual stock I liked because of market factors. It sucks. I don't know enough about it to know if lopen made a strategic error or got dunked on by Russias invasion

But I will say, with the whole market down I have shifted into buying leaps of a variety of stocks. Figure nows not a good time to try to pick winners when the whole market is down. Just buy into a recovery