Talking Stocks 2.0

[MrGoat]

Originally Posted by huncho

not in mstr but in bitcoin directly. it really comes down to how you feel about bitcoin. im super bullish on it long term but the short term looks a bit rough, lot of good news and adoption but nothing seems to be pushing it out of this "crash". 18% isn't too bad considering what it's directly tied to and how it dropped 50% already. for what it's worth, hedge funds are using mstr to indirectly invest in bitcoin and the stats say that every month more and more bitcoins are being taken from exchanges and held by those buying them, but this won't reflect in the price in real time since it's done otc. there just needs to be some catalyst that kicks it back off (another big s&p company announcing holdings) but until then it's just gonna range and it might sit there for even a year. just depends on how much you have in it and whether you'd rather make money elsewhere in the mean time

Cool. Thanks for the advice. I moved 50% of my investments (not including retirement accounts) in it and my entire portfolio is only about 30% of the entire picture. I know, I hold too much cash and I need to diversify. I had an idea and it was working until it wasn’t. I just don’t know how much more I am comfortable with it tanking before I bail and lick my wounds. It’s a portion of my play money and it’s steadily dwindling, wouldn’t kill me but would not be a happy day if it tanks below 300.


Sent from my iPhone using Tapatalk

[huncho]

Originally Posted by MrGoat

Cool. Thanks for the advice. I moved 50% of my investments (not including retirement accounts) in it and my entire portfolio is only about 30% of the entire picture. I know, I hold too much cash and I need to diversify. I had an idea and it was working until it wasn’t. I just don’t know how much more I am comfortable with it tanking before I bail and lick my wounds. It’s a portion of my play money and it’s steadily dwindling, wouldn’t kill me but would not be a happy day if it tanks below 300.


Sent from my iPhone using Tapatalk

yeah tbh i don't know exactly how the price of mstr moves with btc but i can definitely see some more trouble ahead. wouldn't be surprised if it goes as low as 25k which i assume would put mstr into the 400s, but below 300 seems kind of unlikely since i'd assume that would be a near 50% drop in btc from current values. i strongly believe it will recover in the near future unless some kind of global market collapse occurs. also, pretty sure saylor will continue buying the dip especially if it goes below 30k and at this point he owns such an insanely large percentage of bitcoin, largely through debt, that his company and net worth is do or die with it lol, so anything can happen to the stock. i agree with everything he says about it though and there are a lot of big tech companies fully supporting it (sq, paypal, visa). really hoping apple implements crypto into apple pay or the next few earnings seasons disclose some new involvement

[7sins]

How is everyone feeling today after yesterday's small aneurism? Nice bounce back in small caps today, lets see if this holds pending more Delta data this week.

New analyst note below on TSM I discussed last week, adding to after their decline post earnings beat. 2023 options are still inexpensive, been adding around $115 and my personal opinion, a safer industry leader in the market. Paying close attention to airline earnings calls as that should play into the SABR position.

TSM Analyst Note
We maintain our fair value estimate for TSMC at TWD 760 per share with our forecasts unchanged. On the chip shortage, TSMC affirms auto-related shortages should ease in third-quarter 2021, but it doesn't change our view that broader semiconductor supply, especially industrial microcontrollers will remain tight in 2022. To us, TSMC remains an attractive buy for being the main long-term beneficiary of increasingly intricate semiconductors and computing systems. We think once TSMC shows it can maintain gross margins above 50% after equipment in new capacity begins to incur depreciation expenses when production starts, the stock would converge with our fair value.

TSMC kept its 2021 capex budget at USD 30 billion, and 2021 to 2023 aggregate budget at USD 100 billion. The USD 100 billion capex budget doesn't include two possible fabs. TSMC admits it's performing due diligence on a potential Japan fab. The other possible site, reported by Digitimes, is Dresden, Germany. We expect the proposed Japan fab will be responsible for specialty processes like image sensors and memory products. A Japan fab should work well in our view, as it's close to TSMC’s 3DIC research and development center, which is working with TSMC’s raw materials suppliers. No details were given regarding the Dresden site, but we think the location makes sense due to proximity to TSMC’s auto customers and a major site of Siltronic, one of its silicon suppliers. Meanwhile, equipment is scheduled to arrive at the Arizona fab in second-half 2022 and begin mass production in first-quarter 2024. TSMC said it doesn't rule out Phase 2 in Arizona, but one prerequisite is whether customers are willing to share costs associated with a global manufacturing footprint.

For third-quarter 2021, TSMC expects revenue to range between USD 14.6 and 14.9 billion, or 9.9% and 12.1% sequential growth. This is in line with our expectations and on track to meet our full-year revenue estimate of TWD 1.6 trillion (USD 57 billion).

[jaisonline]

Don’t have time to type for more than 3 mins.

I greatly reduced my expectations for HZAC despite “Price Target Announced at $18.00/Share by Benchmark” from yesterday.

Reasons :

Currently, it very hard for non-brokers to list tickets for sale on the Vivid Seats site. Many teams no longer let you print PDFs or even print paper copies. They want you to use your mobile phone for event entry.

For huge revenue potential, you need solutions in-place for the general public to list their seats for sale. Sure, you can rely on brokers for large events like the Super Bowl & NCAA finals but what about the many other events like regular playoff & regular games?

Vivid Seats currently doesn’t have the correct partnerships in-place w/ leagues so brokers and regular users like us need to use 1-2 other non-Vivid systems to convert season ticket barcodes into web site listings. Their SkyBox point of saw app is more for bulk / broker listing agent tickets for sale but doesn’t resolve the barcode issue. Still, many people like Skybox features much more than TicketMaster’s. StubHub also has one.

As a part-time reseller myself w/ a state registered business, it was frustrating to learn I can’t sell my NFL tickets since they don’t handle barcodes directly. When I asked their largerseller support about the barcode listing issue, the rep stated they don’t have this type of barcode integration because of limiting scams. Terrible excuse. They need to steal costly $$$ partnerships from StubHub and TicketMaster to really thrive long-term

Still, can be a short term win when daily volume goes up. Heck, 1 hour ago I saw only 2,600 common shares traded.

[7sins]

Originally Posted by jaisonline

Don’t have time to type for more than 3 mins.

I greatly reduced my expectations for HZAC despite “Price Target Announced at $18.00/Share by Benchmark” from yesterday.

Reasons :

Currently, it very hard for non-brokers to list tickets for sale on the Vivid Seats site. Many teams no longer let you print PDFs or even print paper copies. They want you to use your mobile phone for event entry.

For huge revenue potential, you need solutions in-place for the general public to list their seats for sale. Sure, you can rely on brokers for large events like the Super Bowl & NCAA finals but what about the many other events like regular playoff & regular games?

Vivid Seats currently doesn’t have the correct partnerships in-place w/ leagues so brokers and regular users like us need to use 1-2 other non-Vivid systems to convert season ticket barcodes into web site listings. Their SkyBox point of saw app is more for bulk / broker listing agent tickets for sale but doesn’t resolve the barcode issue. Still, many people like Skybox features much more than TicketMaster’s. StubHub also has one.

As a part-time reseller myself w/ a state registered business, it was frustrating to learn I can’t sell my NFL tickets since they don’t handle barcodes directly. When I asked their largerseller support about the barcode listing issue, the rep stated they don’t have this type of barcode integration because of limiting scams. Terrible excuse. They need to steal costly $$$ partnerships from StubHub and TicketMaster to really thrive long-term

Still, can be a short term win when daily volume goes up. Heck, 1 hour ago I saw only 2,600 common shares traded.

Do you have the benchmark report on this, would love to read it? Warrants have been in the decline last few days in the 1.70s, albeit on small volume, was hoping to enter near 1.5. Did they say they are working on anything to enable the smaller and or retail sellers to sell? Hard to fathom they would completely forgo this entire part of their clients, missing out on significant revenue. SPAC still trading sub $10.

@What’s The Time What are your thoughts here based on your posts from a few weeks back?


Last two days have been on an absolute tear, for small caps, COTY and SABR positive 10% plus grossly outpacing the R2000, hope for those who were on this train they averaged down. Nice 8% bounce on SOFI today on high volume too.

[huncho]

everything just seemed way too oversold last week and especially on monday. i don't really understand how the dow hit something like -960 points on basically no news. took the opportunity to average into a few things but didn't buy any coty yet, saving the cash there for post earnings, but nice to see it bounce back either way

[7sins]

Originally Posted by huncho

everything just seemed way too oversold last week and especially on monday. i don't really understand how the dow hit something like -960 points on basically no news. took the opportunity to average into a few things but didn't buy any coty yet, saving the cash there for post earnings, but nice to see it bounce back either way

I think it was mostly based on delta fears with an uptick on cases and hospitalizations. UK reporting 60% of those with covid hospitalizations were full vaccinated started that death spiral. Yet delta has been here since Dec. What the media left out was that they were using the less effective AZ vaccine. My conspiracy hat says this is the gov trying to scare more people into taking the vaccine but who knows. World economy can't afford to shut down again. COTY just busted through 9, I do believe they run further into ER and at that point I will exit all my 2022 options and then keep my 2023, adding to the latter after ER should they miss.

[huncho]

Originally Posted by 7sins

I think it was mostly based on delta fears with an uptick on cases and hospitalizations. UK reporting 60% of those with covid hospitalizations were full vaccinated started that death spiral. Yet delta has been here since Dec. What the media left out was that they were using the less effective AZ vaccine. My conspiracy hat says this is the gov trying to scare more people into taking the vaccine but who knows. World economy can't afford to shut down again. COTY just busted through 9, I do believe they run further into ER and at that point I will exit all my 2022 options and then keep my 2023, adding to the latter after ER should they miss.

yeah it doesn't make much sense to me either. also besides businesses not being able to afford closing down again, people weren't even following lockdowns last year so there's absolutely no way they'll go into another lockdown especially with the vaccine being out

[7sins]

Originally Posted by huncho

yeah it doesn't make much sense to me either. also besides businesses not being able to afford closing down again, people weren't even following lockdowns last year so there's absolutely no way they'll go into another lockdown especially with the vaccine being out

Totally agree. Whatever small sanity I have left, would completely dissipate if we went back to lockdowns. Economically and socially I don't think the world could handle it. We will see though.

[logo]

Unfortunately I missed the fire sale on Monday with hands tied up at work. Did have an order set for SOFI which hit at $15, but couldn’t take advantage of SABR or COTY. I had been slowly averaging down previously though, so currently I’m only down maybe 10-15% on the 2023 options, not a big worry currently. Did sell my AAPL Jan leaps though once my stop was triggered, and thankfully sold TSCO leaps on Friday before earnings. So now I’m reloaded on cash and will watch and wait.

Surprised by the price action on UP. That thing is bouncing within an 8% range almost daily. Going to give it time to mature.

[huncho]

Originally Posted by logo

Unfortunately I missed the fire sale on Monday with hands tied up at work. Did have an order set for SOFI which hit at $15, but couldn’t take advantage of SABR or COTY. I had been slowly averaging down previously though, so currently I’m only down maybe 10-15% on the 2023 options, not a big worry currently. Did sell my AAPL Jan leaps though once my stop was triggered, and thankfully sold TSCO leaps on Friday before earnings. So now I’m reloaded on cash and will watch and wait.

Surprised by the price action on UP. That thing is bouncing within an 8% range almost daily. Going to give it time to mature.

sabre earnings are in 2 weeks i believe so that could be your opportunity. i'm also trying to get out of tech with this earnings season. got out of paypal a few weeks ago and waiting to get out of sq now. have apple as well but not sure what to do with it yet

[chsu74]

Originally Posted by huncho

everything just seemed way too oversold last week and especially on monday. i don't really understand how the dow hit something like -960 points on basically no news. took the opportunity to average into a few things but didn't buy any coty yet, saving the cash there for post earnings, but nice to see it bounce back either way

Monday bounced off the 50 day. We have been seeing this now on a monthly basis for the past qtr. I am prepared to see a bigger drop down to 150-200 level at some point. Only then will I be willing to average down in a meaningful way.

[logo]

Originally Posted by huncho

sabre earnings are in 2 weeks i believe so that could be your opportunity. i'm also trying to get out of tech with this earnings season. got out of paypal a few weeks ago and waiting to get out of sq now. have apple as well but not sure what to do with it yet

I was watching the 145 level for apple, and set my stop such that if it broke below that it sold. I could see it selling down to the low 130s again, or could see it picking back up to the mid 150s short term. I figure at the 145 level near ATH, downside potential is probably greater than upside potential for a company of this size, so I'll look to reload once we have a legit drop. Smaller growth tech names like NET I am still in despite trading near ATH, because I see these businesses as having more room to grow on a % basis, which of course annual revenues do show when comparing growth names to AAPL/MSFT etc.

[7sins]

Originally Posted by logo

Unfortunately I missed the fire sale on Monday with hands tied up at work. Did have an order set for SOFI which hit at $15, but couldn’t take advantage of SABR or COTY. I had been slowly averaging down previously though, so currently I’m only down maybe 10-15% on the 2023 options, not a big worry currently. Did sell my AAPL Jan leaps though once my stop was triggered, and thankfully sold TSCO leaps on Friday before earnings. So now I’m reloaded on cash and will watch and wait.

Surprised by the price action on UP. That thing is bouncing within an 8% range almost daily. Going to give it time to mature.

More good news for Coty and ULTA today, much more brand exposure as they launch into Target. Great for the long term.

https://www.cnbc.com/2021/07/21/ulta...in-august.html

[What’s The Time]

Originally Posted by jaisonline

Don’t have time to type for more than 3 mins.

I greatly reduced my expectations for HZAC despite “Price Target Announced at $18.00/Share by Benchmark” from yesterday.

Reasons :

Currently, it very hard for non-brokers to list tickets for sale on the Vivid Seats site. Many teams no longer let you print PDFs or even print paper copies. They want you to use your mobile phone for event entry.

For huge revenue potential, you need solutions in-place for the general public to list their seats for sale. Sure, you can rely on brokers for large events like the Super Bowl & NCAA finals but what about the many other events like regular playoff & regular games?

Vivid Seats currently doesn’t have the correct partnerships in-place w/ leagues so brokers and regular users like us need to use 1-2 other non-Vivid systems to convert season ticket barcodes into web site listings. Their SkyBox point of saw app is more for bulk / broker listing agent tickets for sale but doesn’t resolve the barcode issue. Still, many people like Skybox features much more than TicketMaster’s. StubHub also has one.

As a part-time reseller myself w/ a state registered business, it was frustrating to learn I can’t sell my NFL tickets since they don’t handle barcodes directly. When I asked their largerseller support about the barcode listing issue, the rep stated they don’t have this type of barcode integration because of limiting scams. Terrible excuse. They need to steal costly $$$ partnerships from StubHub and TicketMaster to really thrive long-term

Still, can be a short term win when daily volume goes up. Heck, 1 hour ago I saw only 2,600 common shares traded.

Originally Posted by 7sins

Do you have the benchmark report on this, would love to read it? Warrants have been in the decline last few days in the 1.70s, albeit on small volume, was hoping to enter near 1.5. Did they say they are working on anything to enable the smaller and or retail sellers to sell? Hard to fathom they would completely forgo this entire part of their clients, missing out on significant revenue. SPAC still trading sub $10.

@What’s The Time What are your thoughts here based on your posts from a few weeks back?


Last two days have been on an absolute tear, for small caps, COTY and SABR positive 10% plus grossly outpacing the R2000, hope for those who were on this train they averaged down. Nice 8% bounce on SOFI today on high volume too.

Not quite sure what you're referring to @jaisonline.

Individuals can easily list tickets for sale on Vivid's site just as simply as one can on Stubhub. https://www.vividseats.com/sell/overview.html

We also sell all our season tickets on Vivid's site, NFL, MLB, NHL, NBA etc. Tens of thousands of tickets get listed and sold with no issues. Yes many teams no longer allow pdf or paper pring out delivery but the solution is to transfer the tickets to the customer directly (This has actually significantly reduced the amount of fraud that used to happen. Fake tickets cannot be photoshopped/altered when the tickets are transferred directly to the buyer's account)

My business is still continuing to see record numbers. Tours are still being announced by artists for this year and 2022. And Vivid Seats continues to dominate our sales. I'm very excited for this merger to be approved and go forward

[AshCashEmAll]

Originally Posted by jaisonline

Don’t have time to type for more than 3 mins.

I greatly reduced my expectations for HZAC despite “Price Target Announced at $18.00/Share by Benchmark” from yesterday.

Reasons :

Currently, it very hard for non-brokers to list tickets for sale on the Vivid Seats site. Many teams no longer let you print PDFs or even print paper copies. They want you to use your mobile phone for event entry.

For huge revenue potential, you need solutions in-place for the general public to list their seats for sale. Sure, you can rely on brokers for large events like the Super Bowl & NCAA finals but what about the many other events like regular playoff & regular games?

Vivid Seats currently doesn’t have the correct partnerships in-place w/ leagues so brokers and regular users like us need to use 1-2 other non-Vivid systems to convert season ticket barcodes into web site listings. Their SkyBox point of saw app is more for bulk / broker listing agent tickets for sale but doesn’t resolve the barcode issue. Still, many people like Skybox features much more than TicketMaster’s. StubHub also has one.

As a part-time reseller myself w/ a state registered business, it was frustrating to learn I can’t sell my NFL tickets since they don’t handle barcodes directly. When I asked their largerseller support about the barcode listing issue, the rep stated they don’t have this type of barcode integration because of limiting scams. Terrible excuse. They need to steal costly $$$ partnerships from StubHub and TicketMaster to really thrive long-term

Still, can be a short term win when daily volume goes up. Heck, 1 hour ago I saw only 2,600 common shares traded.

Do not agree with you here. As a broker myself the partnerships allow for integration which is just a fancy way of saying "we will transfer the tickets to the buyer ourselves." Does not necessarily mean they can not buy the tickets on vividseats and seller can manually transfer their tickets to the game or concert. Tickets will reissue once buyer accepts the transfer on their end. As a season ticketholder myself I am conveniently able to sell all my season games through Skybox (vividseats point of sale) and have no problem.

[jaisonline]

Originally Posted by What’s The Time

Not quite sure what you're referring to @jaisonline.

Individuals can easily list tickets for sale on Vivid's site just as simply as one can on Stubhub. https://www.vividseats.com/sell/overview.html

We also sell all our season tickets on Vivid's site, NFL, MLB, NHL, NBA etc. Tens of thousands of tickets get listed and sold with no issues. Yes many teams no longer allow pdf or paper pring out delivery but the solution is to transfer the tickets to the customer directly (This has actually significantly reduced the amount of fraud that used to happen. Fake tickets cannot be photoshopped/altered when the tickets are transferred directly to the buyer's account)

My business is still continuing to see record numbers. Tours are still being announced by artists for this year and 2022. And Vivid Seats continues to dominate our sales. I'm very excited for this merger to be approved and go forward

I’m really going into too much detail here about HZAC. Don’t want to go off topic. Just very surprised by my experience trying to sell it tickets on VividSeats.com.

Yes, 2021 NFL tickets can easily be listed for sale. The problem is fulfilling those orders. Vivid only gives two options for NFL : upload a PDF or ship paper tickets.

Most if not all NFL teams this year only use barcodes on mobile devices for gate entry. This wasn’t a problem in 2019 as NFL teams still allowed the print at home feature. I didn’t attempt to sell in 2020 due to covid.

Now if you are lucky, you can probably get traditional paper tickets but my 2 main NFL teams won’t do it. My ticket broker friend also confirmed the same issue w/ Vivid (it’s a headache for him). He uses StubHub for his NFL listings that don’t sell on their website.

Thus, there isn’t a way to fulfill 2021 NFL orders unless your sports teams still allow print at home (PDF) or mail you paper tickets. Vivid tech support told me the same. Now I will try again once / if my Skybox account had been setup.

Just curious though. Why is Vivid making it to hard for the avg person to sell tickets if a Skybox account is needed?

[jaisonline]

7:00a ET 7/22/2021 - BusinessWire
Coty Appoints Constantin Sklavenitis as New Chief Prestige Brands Officer


Coty Inc. (NYSE: COTY), one of the world's leading beauty companies and the global leader in fragrances, today announced the appointment of Constantin Sklavenitis to the role of Chief Prestige Brands Officer. Sklavenitis will take up the role on September 6.

Sklavenitis joins Coty from M-- A-- C Cosmetics where he was Senior Vice President/General Manager of North America. Reporting to the CEO, Sue Y. Nabi, Sklavenitis will be overseeing all prestige brands. He will be responsible for one of Coty's strategic growth pillars, namely to become a key player in Prestige make-up and expand on skincare.

Commenting on Sklavenitis appointment, Sue Y. Nabi, Coty's CEO said:

"I am delighted to welcome Constantin to Coty. He is a proven and trusted leader in beauty, luxury and retail with more than 24 years of global general management and marketing experience. In his role, Constantin will continue to strengthen Coty's position as a worldwide leader in Prestige fragrances and accelerate the recent milestones of our Luxury make-up innovations, as well as build a skincare portfolio of complementary brands and the required global capabilities. Constantin's strategic approach to increasing consumer engagement and growing brand market share will be invaluable as we continue to make good progress against our key growth pillars."

Constantin Sklavenitis said:

"This is a really exciting time to be joining Coty. Sue's clear vision for the future of the business and the experienced team in place to deliver on it, made this a highly attractive opportunity. I am looking forward to working with the team and our prestige brands licensors on new innovations to expand our presence in skincare and in the make-up space."

Sklavenitis joins from M-- A-- C Cosmetics, where he served as Senior Vice President, General Manager, North America. Before, he spent more than two decades at L'Oreal, creating and executing the global business models of new brands, leading business development and growing sales for multiple brands such as Urban Decay, IT Cosmetics, and Kiehl's.

[huncho]

Originally Posted by logo

I was watching the 145 level for apple, and set my stop such that if it broke below that it sold. I could see it selling down to the low 130s again, or could see it picking back up to the mid 150s short term. I figure at the 145 level near ATH, downside potential is probably greater than upside potential for a company of this size, so I'll look to reload once we have a legit drop. Smaller growth tech names like NET I am still in despite trading near ATH, because I see these businesses as having more room to grow on a % basis, which of course annual revenues do show when comparing growth names to AAPL/MSFT etc.

yeah most likely i'm just gonna ride apple into earnings because realistically i don't know how much more room it has in the short-medium term and tech overall is way too overextended i think. i'm hoping to do the same with sq even though it's a company i'm very long on. wanted to see if it could break 275 where it bounced off of 3 times this year but not even sure if i'll last that long with the run it had this week lol, i'm getting a bit anxious about it

[logo]

Originally Posted by huncho

yeah most likely i'm just gonna ride apple into earnings because realistically i don't know how much more room it has in the short-medium term and tech overall is way too overextended i think. i'm hoping to do the same with sq even though it's a company i'm very long on. wanted to see if it could break 275 where it bounced off of 3 times this year but not even sure if i'll last that long with the run it had this week lol, i'm getting a bit anxious about it

Haha I hear you. NET is breaking new highs every week, makes me anxious but at the same time that’s also the reason I invested in this business in the first place so I’m torn. It’s the business I follow most closely in my portfolio, and I’m long on shares so as long as the market conditions don’t completely crash, I’ll just let it ride and watch it closely.

[huncho]

Originally Posted by logo

Haha I hear you. NET is breaking new highs every week, makes me anxious but at the same time that’s also the reason I invested in this business in the first place so I’m torn. It’s the business I follow most closely in my portfolio, and I’m long on shares so as long as the market conditions don’t completely crash, I’ll just let it ride and watch it closely.

wow i didn't even notice net went that crazy. i remember it crashed along with fastly and i kind of dismissed them for a bit, now it left fastly in the dust. it's a great company though, and yeah thats always the benefit of having shares, much less stressing lol

[logo]

Anyone with thoughts on CRSR or LOGI? Both have cooled off a bit, CRSR seems very very undervalued but that major ownership by Eagle Tree seems to be limiting their climb as I expect they have been selling a lot. LOGI looks more richly valued, but I do think it could be ready to bounce past its ATH and earnings are just around the corner.

[logo]

Originally Posted by huncho

wow i didn't even notice net went that crazy. i remember it crashed along with fastly and i kind of dismissed them for a bit, now it left fastly in the dust. it's a great company though, and yeah thats always the benefit of having shares, much less stressing lol

Yeah it’s been a wild run. I’ve been in since the 20s, doubled my position when it dipped down to the 60s/70s a few months ago.

[huncho]

Originally Posted by logo

Anyone with thoughts on CRSR or LOGI? Both have cooled off a bit, CRSR seems very very undervalued but that major ownership by Eagle Tree seems to be limiting their climb as I expect they have been selling a lot. LOGI looks more richly valued, but I do think it could be ready to bounce past its ATH and earnings are just around the corner.

crsr is one of those stocks that just doesn't make sense. like you said it's undervalued if you compare it to logitech but it literally refuses to go up. i tried to get in before but luckily stayed away, still staying away for now since it just goes down. can't see how it would be a bad long term play at these prices though, but it reminds me too much of rkt and i just have ptsd from that stock

[CoveWatch]

Originally Posted by logo

Anyone with thoughts on CRSR or LOGI? Both have cooled off a bit, CRSR seems very very undervalued but that major ownership by Eagle Tree seems to be limiting their climb as I expect they have been selling a lot. LOGI looks more richly valued, but I do think it could be ready to bounce past its ATH and earnings are just around the corner.

Originally Posted by huncho

crsr is one of those stocks that just doesn't make sense. like you said it's undervalued if you compare it to logitech but it literally refuses to go up. i tried to get in before but luckily stayed away, still staying away for now since it just goes down. can't see how it would be a bad long term play at these prices though, but it reminds me too much of rkt and i just have ptsd from that stock

I'm in Corsair. Own some 2023 $30c because its always had the most liquidity. They had an amazing 1st qtr, but could be due to covid lockdowns as projected q2 and q3 earnings are less. Regardless, if i remember correctly, they're expecting around 18% yoy growth and trading at 1.4x 2021 P/S and forward P/E of 15. I like those numbers with the growth thrown in.

[7sins]

double post

[7sins]

Anyone playing this BBIG merger? HIGHLY speculative but pretty interesting what is going on. I'm watching option movements last few weeks and seeing a TREMENDOUS amount of call options being bought and that is how it got on my radar.

BBIG currently small MC at 142M and nothing exciting under the hood. Word here is they are merging with Zash who has a controlling stake in Lomotif. Lomotif is similar to Tik Tok, who is owned by ByteDance at $250B. Big presence overseas, “Since our launch, we have increased our average monthly community by over 400 per cent. Marking a milestone, we have witnessed over 10 billion atomic clips (user-generated content) which have further been used to create over 740 million videos on the platform.”

The platform has also garnered 120+ million total lifetime creators, and 300+ million video views on the platform per month..

Screenshot below puts valuation at $4B to $6B, BBIG is getting a percentage of the company, that depending on % should put the company 6-$10. Currently priced at $3.3. I am buying jan 2023 $3 for $1.65 (nothing crazy ~150 contracts). This was just $5 but they delayed the merger and is causing pressure down, so now a waiting game on the merger. This is a bit more speculative than I am comfortable with, if merger fails then this stock is dead. If merger goes through you will see a nice pop ESPECIALLY because the float is only 23M shares, very volatile right now.

Anyways, interesting play to do more DD on. I'm taking some excess gains elsewhere and see what happens, boom or bust here.

Look at active users!

[huncho]

Originally Posted by 7sins

Anyone playing this BBIG merger? HIGHLY speculative but pretty interesting what is going on. I'm watching option movements last few weeks and seeing a TREMENDOUS amount of call options being bought.

BBIG currently small MC at 142M and nothing exciting under the hood. Word here is they are merging with Zash who has a controlling stake in Lomotif. Lomotif is similar to Tik Tok, who is owned by ByteDance at $250B. Big presence overseas, “Since our launch, we have increased our average monthly community by over 400 per cent. Marking a milestone, we have witnessed over 10 billion atomic clips (user-generated content) which have further been used to create over 740 million videos on the platform.”

The platform has also garnered 120+ million total lifetime creators, and 300+ million video views on the platform per month..

Screenshot below puts valuation at $4B to $6B, BBIG is getting a percentage of the company, that depending on % should put the company 6-$10. Currently priced at $3.3. I am buying jan 2023 $3 for $1.50. This was just $5 but they delayed the merger and is causing pressure down, so now a waiting game on the merger. This is a bit more speculative than I am comfortable with, if merger fails then this stock is dead. If merger goes through you will see a nice pop ESPECIALLY because the float is only 13M shares.

Anyways, interesting play to do more DD on. I'm taking some excess gains elsewhere and see what happens, boom or bust here.

looks like there's a ton of OI for oct and jan 22 calls...i'm always up for a speculative play lol. will take a look into this

[7sins]

Originally Posted by huncho

looks like there's a ton of OI for oct and jan 22 calls...i'm always up for a speculative play lol. will take a look into this

would be interesting to hear your feedback, I feel like I am missing something as it seems almost too good to pass up. Even a small pop back to $5, just where it was is a great gain when merger announced.

[huncho]

Originally Posted by 7sins

would be interesting to hear your feedback, I feel like I am missing something as it seems almost too good to pass up. Even a small pop back to $5, just where it was is a great gain when merger announced.

it's definitely weird that there's so much OI for 2 expiries while the others are non existent and the merger was only postponed and not killed off...but at the same time i've tried a few plays like this in the past where there were some very suspicious OIs and nothing happened but those weren't based on anything besides strictly looking at the activity

i grabbed some jan 23 calls as well for now, was tempted to go with jan 22 but looking at the profit chart it doesn't really give much room for a pop if the merger is announced in sept or oct. will prob add a bit more if it goes down but yeah even for a speculative play i feel like calls 1.5 years out are worth it and not a giant gamble. figure better safe than sorry here, but also went with $4.5c just to get a bit more action