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07-24-2020, 07:47 AM | #5731 |
I'll be back.
Join Date: Nov 2002
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Get ready for the $NAK pump next week.
I think around 2 is a good buy in today. |
Posts: 287,310
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07-24-2020, 08:02 AM | #5732 |
I'll be back.
Join Date: Nov 2002
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Nice action on CDEV right now. This ran to 2.40 or so last time.
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Posts: 287,310
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07-24-2020, 08:19 AM | #5733 |
Beloved & Awesome CP Celebrity
Join Date: Aug 2000
Location: Florida
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Anyone jump on PSTH.U SPAC?
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Posts: 35,705
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07-24-2020, 12:54 PM | #5734 |
I'll be back.
Join Date: Nov 2002
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GET IN NOW
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Posts: 287,310
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07-24-2020, 04:54 PM | #5735 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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I bought some at lunch yesterday. Ill throw some money I can afford to lose at it. Ackmans had a lot of success but also Valeant so hopefully we get more of "Baby Buffet" than riding a company off a cliff. Pershings been on a real roll lately.
I skimmed part of the prospectus last night. Need to go back and read. Seems like buying now in a multiple of 9 units is optimal for flexibility. As you'll get a full warrant when the units break in 50 days. I was trying to think what might be on their list to buy. Minority stake in a mature Unicorn SoFi? Stripe - this would be amazing but they just took another funding round. 2 years to close a deal though Airbnb - I'd feel meh but it probably is a value investor type play. It was profitable pre-covid and probably pretty damaged in terms of how big a stake they can get Palantir - they've flirted with IPO'ing last year Unless they're going outside the US those seem like top targets. Airbnb seems to make a lot of sense. Pershings made a ton from the activist position it took in Chipotle after the scandal with making people ill from food poisoning |
Posts: 6,376
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07-26-2020, 01:56 PM | #5736 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Recent bankruptcies in the retail world.
RTW Retailwinds (July 13) Muji USA (July 10) Sur La Table (July 8) Brooks Brothers (July 8) G-Straw Raw (July 3) Lucky Brand (July 3) GNC (June 23) Tuesday Morning (May 27) Centric Brands (May 18) J.C. Penney (May 15) Stage Stores (May 11) Aldo (May 7) Neiman Marcus (May 7) J. Crew (May 4) Roots USA (April 29) True Religion (April 13) Modell's Sporting Goods (March 11) Art Van Furniture (March 9) Bluestem Brands (March 9) Pier 1 (Feb 17). |
Posts: 46,112
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07-26-2020, 02:03 PM | #5737 |
MVP
Join Date: Oct 2006
Location: West of the Equator
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Some interesting market changes in the last week.
The broad market became bearish on Friday. The analysis (from a highly respected group that is all about numbers and not emotion) is based on several factors, the most heavily weighted are corporate earnings. The Fed balance sheet will move from it's current $5+ trillion to an estimated $9-12 trillion by the end of the year. Completely unprecedented. Printing money to cover paychecks and loans to individuals and companies. Consuelo Mack had an interesting guest on her show Wealth Track today. It's an interview with the best bond investor in the last 35 years, Tom Atteberry. Quite interesting. Interview here if interested: https://wealthtrack.com/safe-haven-i...tom-atteberry/ His only recommendation is to buy a house or other safe haven assets. |
Posts: 13,720
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07-26-2020, 02:07 PM | #5738 | |
MVP
Join Date: Oct 2006
Location: West of the Equator
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Quote:
I worked for Tuesday Morning in high school. It was kind of like a garage sale in a retail establishment. I'm surprised it lasted this long. |
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Posts: 13,720
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07-26-2020, 02:10 PM | #5739 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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That's a great description. I've only been in it one time, when I was Christmas shopping and just browsing around many years ago. That is exactly the impression I had of the place.
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Posts: 142,964
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07-26-2020, 04:26 PM | #5740 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,834
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07-26-2020, 05:08 PM | #5741 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
I often worry any time I see a trend of people who start to agree with my line of thought. I recently took some healthy profits and bought a house and am working on taking the rest of the profits for another. Even inquired about a third borderline shit hole today. I've also been hearing a lot of "gold" talk lately. In my case, I felt like the houses were a hedge agains the election results. If everyone starts hedging against the apparent unknown, I'm now wondering what the next move needs to be. |
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Posts: 8,670
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07-26-2020, 05:21 PM | #5742 | |
In Search of a Life
Join Date: Aug 2005
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Quote:
Buy wisely. |
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Posts: 43,200
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07-26-2020, 05:41 PM | #5743 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,834
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07-26-2020, 05:59 PM | #5744 |
MVP
Join Date: Oct 2006
Location: West of the Equator
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I'm just passing information from people that analyze markets for a living. Not selling anything, not pumping anything.
What is your strategy when the Fed balance sheet is -$10 TRILLION? |
Posts: 13,720
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07-26-2020, 06:42 PM | #5745 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Just FYI the sentiment indicators and insider trading are not good at the moment. Too much euphoria and insiders are selling.
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Posts: 129,608
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