Yeah, I got in at $3 this morning... That DD link might make it through due to the unique nature of the dividend/short situation... but yeah, it takes a fair bit to get a new meme stock off the ground there.
Very light trading though, which means people aren't letting it go. My guess is the price went down with market makers trading amongst themselves trying to cause panic selling.
Yep. Which is what I meant by "this is expected". They'll try and do the same thing that is happening with GME... panic crashes hoping to trigger stop losses or freak people out, etc. It's so ineffective with GME now that you're hard pressed to buy shares in blocks bigger than 100 now. Lots of warnings popping up on TD Ameritrade, etc, letting people know it's just a bunch of small blocks that are readily available. I have no idea if that matters or not, but I like to think it is a bit of an indicator.
There's a lot of people equating the whole GTII situation with what's been going on with AABB and I've got to admit they make a compelling case. When people post the level 2 info you see entities like JANE with, say, a .221 bid and a .227 ask. It would also explain why the price nose dives every time positive PR comes out. And the fact that every single day the short shares are 40%+ of the volume. And a likely reason that the company postponed the dividend by a month, on the cut off day.
I have a funny feeling about this. Today was really weird which makes me excited (14 shares at @3.19), and it’s for sure worth a gamble of a few bucks..
https://www.marketwatch.com/story/r...is-gamestop-bet-11617301895?mod=mw_quote_news The 52 week high and low for GME is hilarious. (2.57 - 483.0)
Hell... even the 2 week spread is insane. The daily volatility of this stock is fucking nuts. I've turned an initial $10k into $80k based on some crazy daily bets (buy the "normal/expected" dips in the morning, set sell limits for the day). That seemed to be the normal pattern for a while when the HF's were dumping a whack of cash into it to drive the price down... but that's mellowed out now, so I'm pretty well holding and thinking/guessing/hoping that the gamma squeeze will show up one of these days. Who fucking knows. I've tucked away my initial "investment" (bet) and am just playing with everything I've earned so far, and hoping that I don't lose it all in the process. My ultimate goal is to pay for the Airstream that I'm buying with the profits, post-taxes, so that's what my sell limits are set at. Regardless, it sure seems like "once in a lifetime" bullshit that makes zero long-term investment sense.
Probably the best part of this is that one of the guys I work with used to do stocks and investment portfolios for a living, so I've been telling him what I've been doing, and I can pretty well watch his brain implode over Zoom. "But... NO... don't do that... that's not how that works..." "Uhhh... but look at my order settlements..." "fucking hell, that's not how it works!" "well, right now, it kinda is..." *brain aneurysm*
New short regulation that may go into effect soon explained. This post actually showed up very timely for me as I was wondering how AABB had 550M shares still shorted on 03/31 and none on 04/01 on a volume of 45M. Now I know.
Anyone else notice how GTII, a stock with a price that goes to the fourth decimal place, ended on 2.9000 today? I've seen GME end on whole dollar amounts several times and it's tough to imagine how that can happen on its own (maybe even crazier to consider how someone or some group could get it to land so precisely as well).
Ok folks familiar with metrics and lumber, I need a little help here. "Kibush Capital Corporation February 25, 2021·2 min read Now with Direct access to the logging site, production costs have decreased MELBOURNE, Australia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Kibush Capital Corporation (OTC: DLCR) is pleased to announce that it has increased its lumber production capability by an estimated 400%. Previously, the company was able to produce 6 cubic meters of lumber per day, but now following a third processing machine going online with new upgrades for the other two, the company is now able to produce up to 30 cubic meters of lumber per day." My brain doesn't do metric real well, so just for rounding purposes I work with yards. But even at producing 30 sq yards of lumber a day, that doesn't really seem like a whole hell of a lot. I have no idea what I did at my little mill, but I'm pretty sure I could've come pretty close to their previous 6 cubic meters. Isn't the 30 sq meters a rather insignificant amount?
I don't know anything about lumber production. But, I know the article says "30 cubic meters" and you asked about "30 sq meters."
6 cubic meters is 2500 board feet. If you look at the board feet calculations, that is not much at all. Like only a handful of big trees. https://nfs.unl.edu/documents/ruralforestry/tree and log scale Doyle WEB.pdf I’m guessing a reporter got the units wrong, and they may be referring to hectares or some “per logger” value not included.
30 cubic meters is 1059 cubic feet or about 12,713 boardfeet. Depending on species and wholesale prices, that's maybe a few million dollars worth of wood a year?
https://senatestockwatcher.com/ https://housestockwatcher.com/ Someone made trackers for the House and Senate's financial trades. Can someone else take this, make an index fund with it, and I'll buy a FUCK ton of that fund? Because I've never heard of them losing money, or getting indicted for insider trading, even though it seems like that's exactly what they're doing....
Go see how many board feet are in a log and that’s not much volume at all, unless it is super super rare, in which case it would be endangered and barred from export/import.