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pollyserial

pollyserial
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  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    OTOH if it is like LOTE then it's still got 100% left in it before it dies.....
    Jul 9 09:35 PM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    I think they shut the SEC down a few years back.
    Jul 9 09:29 PM | 6 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    A fellow below mentioned LOTE, seems a pretty good match. And there's an SA article from April saying it's a short @4.80 (it's at that point up from .80) -- then it quickly runs up to 25$ before ending up at .16 in July, and now .02.

    Just amazing stuff.

    And there's an interesting comment in that article that mentions that brokers will often force you to cover a short that has moved 100% against you. Which is an interesting wrinkle. I take that to mean that if you have enough capital or are able to borrow enough capital, it's basically a fail-safe win for the short-murdering pumpers. Of course the SEC isn't going to worry too much about short crucifixion. It's fascinating. I would imagine you could put out some publicity on how crappy your company is, lure in some shorts, and then just take all the shares private? What happens then?

    There don't seem to be any winners on the short side in that particular article's comments.
    Jul 9 09:24 PM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    (On the other other hand....18,000% in a month would be a heck of a nice move if you could piggyback on it (long) in a small way from near the beginning. But then on the other other other hand you'd probably need a chemical bath to wash off the ill stench that would come from participating in such manner of depravity. Even so I may just bookmark this author to see what happens next.)
    Jul 9 06:20 PM | 2 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    When you say "other examples", do you mean penny stocks or just piece of crap companies? Zero hedge has been documenting this basic concept since at least early 2013, with the 'most shorted index'. This example is pretty extreme, though! Only thing I know of to compete with this is pot stocks or maybe nuclear refiners. With the more mainstream possibly 'growthy' names it seems like waiting for the analyst upgrade and then waiting a bit before taking a shot at it short can work if you are adventurous. A name like this isn't going to get an analyst upgrade though, it's just a crapshow through and through. I am amazed that anyone thinks they can reasonably make money on this on either side. There's just way too much phony liquidity out there for reasonable, rational ideas to prevail and OTOH the rug on this kind of thing can get pulled in microseconds. Good luck!
    Jul 9 06:15 PM | 2 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    uh.....perhaps too obvious? good luck.
    Jul 9 05:49 PM | 4 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    At the risk of offending anyone, having watched this thing from the sidelines, it surely does seem that the new normal pump and dump involves suckering hapless shorts into shorting companies like these, at the wrong time. Which IMO is, basically, any time. There's just no way to tell when these kinds of sideshow names roll over in this environment; trapped early shorts are the only true buyers of this garbage.
    Jul 9 05:46 PM | 5 Likes Like |Link to Comment
  • Goldman eyeing online brokers as trading business disappears? [View news story]
    Those banks that are "complaining" about low volatility are probably the very ones selling it the hardest.....carry trades, etc etc.

    The thing I don't understand about this (IMHO) ill-guided rumor is, trading volumes at online brokerages are also down significantly.

    And I honestly don't think even an infinite series of all time highs is going to get small account people "interested" in the stock market again, until they have some discretionary income to put into it, i.e. we need some wage growth.

    The economy stinks, and QE is making it worse: wages are down, rents are up, basics cost more, discretionary spending is declining and will decline ever further as long as we continue along this path to make sure all of the "money" belongs to the holders of assets.

    ok, rant over! good night to all!
    Jul 1 11:12 PM | Likes Like |Link to Comment
  • The Last Cheap Asset Class [View article]
    Wow, VIX getting murdered again today. Kind of predictable when NPR and Bloomberg (and apparently Seeking Alpha) are running stories about buying it nonstop.

    Praveen, if you have to ask how to trade volatility you probably should avoid it. It's only really useful if you are a degenerate gambler hedging large positions. Or just a degenerate gambler. And even then, it's a trade, not an investment. Timing essential, and difficult.

    That said, when Mr. Koesterich says buy vol, he's probably talking about buying some puts (SPY, for instance), which are one way of buying vol. But, IMO much safer to raise cash and/or buy some long term treasuries (TLT) if you are worried. Or perhaps gold, dependent on what your worries are. Whatever you do, don't buy the exchange traded VIX product that Blackrock will no doubt come out with imminently. GL.
    Jul 1 10:57 PM | Likes Like |Link to Comment
  • HRT Participacoes Has An Asymmetric Risk/Reward Profile - Part 4 [View article]
    HRTPY picking up steam over the last few weeks, up nearly 50%. Which, admittedly, is around 8 cents. Pulling for you, little Brazilian wildcatter!
    Jun 30 03:46 PM | Likes Like |Link to Comment
  • Negative Quarters Are Rare, But Minus 3 Is Recession [View article]
    I am relieved to know that the number 5731311 has been to the future, and the news is all good!
    Jun 29 10:49 PM | Likes Like |Link to Comment
  • Colony bringing another housing-rental bond to market [View news story]
    No thank you. You can keep your high fees and low returns all for yourselves, banksters.
    Jun 17 12:12 PM | Likes Like |Link to Comment
  • Bitcoin Seems To Be An Unstoppable Force Of Nature, Not Unlike The Jet Stream [View article]
    cove3a I agree with all of these comments! I have no idea how or when the fed could ever be reformed to act reasonably, though.

    and btw I'm pretty sure the feds will massacre bitcoin, slowly.
    Jun 13 09:51 PM | Likes Like |Link to Comment
  • On the hour [View news story]
    "stocks hold small games", exactly.
    Jun 13 12:52 PM | 1 Like Like |Link to Comment
  • The Demon The Gold Bears Are Mistakenly Overlooking [View article]
    The demon you are overlooking is, you have no idea whether all of this speculation about re-hypothecation, secret empty vaults, gold fix, etc etc is true or not. There is a whole lot about the financial system that we don't have any way of verifying. Trade price, maintain stops, don't be a hero. That said, gold looks pretty interesting to me here.
    Jun 10 01:26 PM | Likes Like |Link to Comment
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