Economy stonks v27: banks, the kings of vega

[toasty]

Happy DWAC'ing day..

today the merger vote happens, there is of course drama as multiple lawsuits swirl and this Orlando guy threatens to vote no or not vote his shares which on some proposals = a no vote

BUT he won't or at least I'd bet he won't because the merger is in his best financial interests. I assume he is making them sweat to get some last minute back door double secret concessions that make him even wealthier........

So as soon as monday I guess, we could see ticker symbol DJT trading. But Donald and the insiders are tied to a 6 month lockup and the underlying asset, Truth Social Media appears to be a sinking piece of swiss cheese.......

"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the third quarter. The company posted a loss of $26 million that quarter."

"The number of Truth Social’s US monthly active users on iOS and Android is down 39% year-over-year, according to Similarweb data shared with CNN earlier this month."

So it should be an smart investor race out the door to cash in as much as they can in the mid $40's letting the unaware Maga "I bought it to support trump or the reddit I'm hoping for a meme stock miracle" crowds to watch it sink like a stone.

It will be interesting to see if Trump can force his way around the lockup or be able to use his paper $3.4B to pay his fines, lawyers and fund his campaign.

I do love a good DWAC'ing day.

 

[Gas121]

lol, wasn't expecting this. Be interesting to see where it's at in 6 months:

Reddit shares jumped 38% on Thursday to open at $47 in the first initial public offering for a major social media company since Pinterest’s debut in 2019.

The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million.

Trading under the ticker symbol “RDDT,” Reddit is testing investor appetite for new tech stocks after an extended dry spell for IPOs. Since the peak of the technology boom in late 2021, hardly any venture-backed tech companies have gone public and those that have — like Instacart and Klaviyo last year — have underwhelmed.

Of course Cathie Wood is buying the stock lol. Reddit has never made any money but I'd be interested to see if they can somehow turn a profit.

 

[Chesten_Hesten]

 

[Boxiana]

Anyone thinking of gambling on Trumps DJT stock when it lists this week - I know it’s worth approximately nothing, but could this be the new king of meme stocks?

 

[toasty]

Anyone thinking of gambling on Trumps DJT stock when it lists this week - I know it’s worth approximately nothing, but could this be the new king of meme stocks?

i wouldn't... if it was going to meme why didn't it meme as DWAC?

If this is purely money you can afford to lose, why not find some penny stock, like of let me throw a dart and just post whatever penny stock it hits--

hmm KRKNF

seems to be a small underwater robotics company with a lot of potential,,,,,,,hmmmmmm


Seriously, you'd be buying DJT knowing the underlying asset Truth Social is a money incineration pit.

You'd be betting on hitting a meme instead of allocating money to something safe like PEP or JNJ that is going to generate divvys for you for the rest of you life

or sometting small but growing that you can hope continues to do so for a long time. CWCO fits this bill for me

or a SMALL shits and giggle play that actually might have a big future like PLTR & KRKNF do for me.

i get the temptation, and I might look foolish if it skyrockets like DWAC did when they announced Trump Media as their target, but DWAC went down 13% on Friday. I would at least wait to see which way the wind was blowing on Monday. If you see a massive run with volume backing it up, pull the trigger....if the trend continues downward you allocate somewhere else.

 

[Boxiana]

i wouldn't... if it was going to meme why didn't it meme as DWAC?

If this is purely money you can afford to lose, why not find some penny stock, like of let me throw a dart and just post whatever penny stock it hits--

hmm KRKNF

seems to be a small underwater robotics company with a lot of potential,,,,,,,hmmmmmm


Seriously, you'd be buying DJT knowing the underlying asset Truth Social is a money incineration pit.

You'd be betting on hitting a meme instead of allocating money to something safe like PEP or JNJ that is going to generate divvys for you for the rest of you life

or sometting small but growing that you can hope continues to do so for a long time. CWCO fits this bill for me

or a SMALL shits and giggle play that actually might have a big future like PLTR & KRKNF do for me.

i get the temptation, and I might look foolish if it skyrockets like DWAC did when they announced Trump Media as their target, but DWAC went down 13% on Friday. I would at least wait to see which way the wind was blowing on Monday. If you see a massive run with volume backing it up, pull the trigger....if the trend continues downward you allocate somewhere else.

DJT ticker is the only reason to play

 

[BIKES!]

If only I stayed #NVDA from three threads ago…

 

[HOLA]

Anyone thinking of gambling on Trumps DJT stock when it lists this week - I know it’s worth approximately nothing, but could this be the new king of meme stocks?

It could be the new king of Trump ripping the gullible off. Here's how it went last time:

Donald Trump made $39 million running failed casino company

Donald Trump was compensated handsomely, including for the use of his personal jet and golf courses, while he led Trump Hotels & Casino Resorts. That's despite the fact that the company was a total failure.

money.cnn.com

In 1995, Donald Trump's first and only initial public offering raised $140 million from public investors under the ticker symbol DJT. A decade later, Trump Hotels & Casino Resorts, filed for bankruptcy.​

The casino company posted losses every year it was public -- more than $600 million in total between 1995 and 2004 -- a CNNMoney analysis of 10 years of corporate filings shows.


DJT paid Trump handsomely each year. His salary, bonus and options totaled about $20 million.

An additional $18.5 million came from what the filings called "other" compensation. That includes a web of inventive deals:
-- complex consulting contracts that paid Trump for consulting with his own company;
-- licensing deals under which DJT paid Trump to use the Trump name;
-- reimbursement for the times the company used his personal jet or golf courses for VIPs.

In other words, a company that Trump controlled was paying Trump to use other stuff he owned, including his name.

 

[toasty]

DJT ticker is the only reason to play

I hope you didn't listen to my fuzzy tailed ass and made yourself some of the 35% it is up today.......I'ma go see how much I lost in PEp & JNJ.

I'd still be real cautious with DWAC/DJT because there really are no clothes on this emporer but so far nobody seems to have noticed.

Good luck to you @Boxiana

 

[RoastBeast]

If only I stayed #NVDA from three threads ago…

I thought I did well for myself when I bought MSTR for $400 and sold at $450.

 

[Rob Battisti]

I thought I did well for myself when I bought MSTR for $400 and sold at $450.

Noooooo

 

[Boxiana]

I hope you didn't listen to my fuzzy tailed ass and made yourself some of the 35% it is up today.......I'ma go see how much I lost in PEp & JNJ.

I'd still be real cautious with DWAC/DJT because there really are no clothes on this emporer but so far nobody seems to have noticed.

Good luck to you @Boxiana

Waiting for the options to stabilize. Then will take a pure gamble.

 

[toasty]

DJT was a wild ride today...up to $79 and change then down below 60 on huge volume. I was watching it like a broke fat kid staring in a candy store window just fascinated when it took off this morning then wondering what the bottom would be at the end of the day.

I like that you know its a pure gamble. and the volume today tells you that a whole lot of other people are taking that gamble for sure

I am too old with too many responsibilities to join you in that roll of the dice but I hope you hit a frigging grand slam on it up or down however you play it. G'luck to ya!

 

[Gas121]

If only I stayed #NVDA from three threads ago…

I sold $ROOT at around $1 a year ago, bought 2000 shares, would of worth around 120k or something now. It always happens lol.

 

[rearnakedchoke]

I sold $ROOT at around $1 a year ago, bought 2000 shares, would of worth around 120k or something now. It always happens lol.

 

[GreenGorilla]

Life's been rough didn't have much cash too invest, went to look at some of my old watchlist stocks.
Was planning to buy FANG and HES, when they both were in the 50s.
HES at 155 and FANG at 202. FML

 

[Gas121]

Looks like the commodity rally is getting fired up again. Who would've thought..

Powell tone has already changed 'Rate cuts likely sometime this year'. The goal posts keep on moving. There are no cuts with commodities starting to gain steam again and Crude Oil at $85.

Prepare for high rates for the foreseeable and position accordingly.

 

[HOLA]

My IESC now up 130% YTD (tears of joy). I started dollar-cost averaging into this one a little over $50, rode it all the way down to the mid-$20's, and now it is $81.61. I'm up 86.58%.

Even after this runup, it still only has a market cap of $1.6 billion. The CEO owns 56.5% (iirc) of the company, which I like. I like managers with skin in the game. Looks like he'll have a nice $1 billion off of this soon. It still only trades at 16 times earnings.

From annual operating income of $42 million in 2019 to $150 million for 2023. Diluted EPS of $1.15 in 2019 to $3.95 in 2023. Etc, etc.

They have a backlog of $1.6 billion and ended the year with exactly 0 debt.

Small caps risky as hell, but damn you can get some nice returns. I've had some decent success with them, although I rarely play around with them. Hard to find ones to be really confident about.

Up another 14.6% ytd. Crossed $90. Officially a double bagger. Still only trading at 15x earnings.

$134.35 now. Stock is up over 70% YTD, 230% over the last year and i'm up over 200% with my position.

They now have a market cap of $2.7 billion. The CEO, Jeffrey Gendell, owns 56% of the shares, which makes him very comfortably a billionaire right now. Good for him.

 

[HenryFlower]

OXY been treating us well recently @HOLA

 

[Chesten_Hesten]