Board 8 > Stock Topic 34

(+) Yeah! (+)

Sold BBBY for around 3% gain or $1300.

True story I'm up on BBBY around 1k and I put like 2% of the capital in

---

Lopen posted...

Hey @StartTheMachine what's the word on AVCT these days. Those warrants and the stock itself seem super cheap now

I've been meaning to look into them myself. A brief scroll through the discord and it appears that most everyone has turned on them. When I last checked like 5 months ago, I thought they were just disappointingly slow in producing the revenue streams people expected during Covid, but still a good long-term hold. That may have changed now though.

The biggest recent news I see is they plan to dump Computex - the company they acquired to go public via SPAC in the first place. Extremely bizarre and not a good sign for long-term growth. It seems like Computex was essentially just losing them money. This doesn't leave much more for them to offer other than Kandy for now (though their last investor presentation says they still want to focus on acquisitions, so maybe another one in the future could turn them around). Not sure what happened to the huge profit they were supposed to make from the AT&T deal either.

That said, some folks somewhere still pump these warrants. Just a few weeks ago I saw AVCTW go from under .20 to almost .50 in like a week. This was with no big news and the commons stayed stagnant/even went down a little. Wouldn't surprise me if the warrants remain free money because of stuff like this. Just maybe don't expect to hold them forever or sell them for over a dollar any time soon.

I'll look into them more tonight or tomorrow when I get some time and see where I stand personally long-term. I don't see how an all-star management team from AT&T could fuck this up so bad, but hey, growing a successful new tech company is easier said than done.

---

Okay good to know I'll err on the side of caution for now. Maybe if the warrants become literal pennies I'll think about it.

Side note I thought I was so clever selling BGFV 60C Nov 19 calls for $300 a pop now it's looking like they may take them but I guess worse fates than being forced to exercise for over $2500 profit each

---

Oh gross fubo fell...

Amusingly, it fell 8%.... and I still make money on expiration. Not a lot! But a bit!

---

Knowing you believe in a stock is when you're excited it goes down for earnings because you want to buy more of it before it takes off

BBIG should start lift off when that dividend happens which should be the end of the year which means I can go super hard on fubo before next earnings

---

Lopen lol. Let BBIG go.

Evacuate? In our moment of triumph??

---

Not too late moonroof get 10000 shares hold through January get rich with me

---

Fubo has failed me :(

---

I sold half of my SPCE position. Accepting a loss is psychologically very hard for me, but it's important to be able to do it. I'm really not more confident in this stock than others at this point, so why should it get a bigger weighting?

I added to my ZM position. Just feel like it's incredibly important for business and is top dog in its field.

---

Well I hate to root against you redsox but I have 5 190p that expire after Zoom earnings. We'll see which side wins

---

190, that's deep OTM! Well, looking at PTON and others, it could happen.

---

To be clear I don't think Zoom is going away or anything but it's priced at around 80 p/e and I think it's about grown to the extent it will and is more at home around somewhere between 30-40 which is more typical of companies that have exhausted a lot of their growth

And lowered earnings guidance will get it a lot closer to that.

---

Very very strange price movement from BBIG this morning. I definitely think $4.37 is the floor. Cost to borrow is getting very high around 100% so it's becoming very unsustainable to continue to short with that number holding

That in mind I bought a bunch more calls down there and now it's $4.57. Strange to see things actually green total gain with respect to BBIG

---

Fubo what, time to buy?

---

Well that sucks

---

If you wanna buy FUBO sell puts down here. You get great premium and it's not going to bounce till closer to next earnings.

---

I am currently uncomfortably leveraged in Fubo right now

---

1. Do you think it's going to go bankrupt or need to do another offering before it has good news?
2. Do you need the money now?

If the answer to both is no then realize price on the stock doesn't matter it's all about whether you have a reason to think the price target has changed.

---

Lopen posted...

1. Do you think it's going to go bankrupt or need to do another offering before it has good news?
2. Do you need the money now?
If the answer to both is no then realize price on the stock doesn't matter it's all about whether you have a reason to think the price target has changed.

Yeah. I like what Fubo is doing

But some people liked Enron!

---

Has fubo made anyone money here? Perhaps aside from the short-term trading of it? Seems like we are often discussing it but it doesnt really do anything, unless you happened to buy it during dips.

I'm up on FUBO overall but part of that has been luck in needing the funds at opportune times.

Like I had a stack of 26c that expired Nov 19 that I sold when FUBO was at $32 to put into DWAC that I made quite a sum on but imagine if I held them till now lol

---

I just sold a bunch of puts on GS expiring Friday for some quick money.

Anyway the thing to realize with FUBO is short sellers have their eyes on it because they do think it won't be a profitable business model and it'll continue hemorrhaging funds until the stock goes bankrupt or dilutes to death.

You're basically playing the attrition game with it if you think they're making smart moves the EPS will go eventually flip positive.

I think selling puts/calls is the right play for now, but that first earnings where they're flirting with positive EPS (which was not this one and honestly wasn't that likely to be this one-- no real reason they'd have enough of an uptick in subs and the sports book isn't going to have revenue yet on this ER) it's going to fly super hard imo.

I'm glad it's tanking because if BBIG plays out as I think it will, I'm going to have a LOT of money come January and that means a ton of FUBO at cheap prices because I don't think it bounces till next earnings run-up.

---

Moonroof posted...

Has fubo made anyone money here? Perhaps aside from the short-term trading of it? Seems like we are often discussing it but it doesnt really do anything, unless you happened to buy it during dips.

I've made a good amount on it just selling puts and covered calls. Extra puts when its down, extra cc when its up

---

I've made decent money short term trading it.

---

I think I made like $20 buying it and selling it the following day

---

Why is the market down so much today?

---

Yahoo finance says greater than expected jump in consumer prices

---

Evergrande also defaulted on a payment and is going Bankrupt is what I've heard

---

Meanwhile I'm hardly noticing because my puts on Zoom are going up to offset my other stuff a bit and my BBIG is hardly moving

"Meme" stocks are surprisingly resilient during market dumps

---

I have effective 2100 shares of fubo

I really need you to go up bro

---

Man that's more than I've ever had I'm impressed!

---

I am not. I am bleeding out everywhere

---

Yay Disney shit on earnings
It's like the only company I am holding with a decent sum (4x as other stocks)

Why am I such a shitty gambler
Why couldn't I have been in NVDA or AMD instead

---

Cheers to SOFI earnings. Glad I bought the dip today.

---

Oh
At least I decided to escape from BYND yesterday (10% loss)
It's now -15% in after hours..ouch

---

ow my DIS
ow my BYND

oh hey SOFI has been a rollercoaster for me today but nice earnings

---

OPEN looking good AH

---

So it looks like MILE is being acquired by Lemonade for $500 million. That explains why the stock was up yesterday while the warrants were down 40%. The purchase price is below the exercise price of the warrants.

Well, with that, it looks like the time has come to close out my MILE position. I think at this point the tax deduction I'll get from realizing the loss is probably worth more than my shares and warrants. I still think they have a really cool business idea that could go places, but it looks like management doesn't think so.

---

Nanis23 posted...

Yay Disney shit on earnings
It's like the only company I am holding with a decent sum (4x as other stocks)

Why am I such a shitty gambler

Just keep holding unless you need the money now. Disney is rock solid for growth in the next few years as COVID dies out

---

Lopen posted...

Just keep holding unless you need the money now. Disney is rock solid for growth in the next few years as COVID dies out

Yeah I know, this is the plan
It just sucks holding a stock that is not going anywhere while the rest of the market is running off

---

Nanis23 posted...

Yeah I know, this is the plan
It just sucks holding a stock that is not going anywhere while the rest of the market is running off

The rest of the market isn't running off, at least not today. It was down almost across the board today.

---

BBIG volume super low today. If I recall correctly the days of Gamestop squeezes the volume fell to crap.

I'm so excited. I can feel it in my bones. Something's a brewin.

---

bbig if true

---

Its always darkest just before it goes pitch bblack

---

Yeah I'm still not seeing a reason to be excited about BBIG, but good luck to you.

---

Great day for SOFI and ME! Sold off MILE, and I am seeing green on "Unrealized Gain/Loss" for the first time since July I think (as that MILE trade has been converted into a realized loss). Well, that counts as my biggest mistake so far so I should try to learn from it.

---

red sox 777 posted...

Yeah I'm still not seeing a reason to be excited about BBIG, but good luck to you.

I'll shill it one last time for you and the rest of this topic.

1. Current market cap is literally below cash on hand BBIG should have no need to dilute in the future (and has said it won't need to)
2. Independent valuation of Lomotif (A Tiktoklike Social Media thingwhich BBIG owns 80% of) in a separate SEC filing had it at 5b Market Cap. At 80% it'd be 4b, which is 10x BBIG's current market cap. BBIG also owns Adrizer which is an advertising platform-- good synergy with a social media platform.
3. The PR giving some details on the Tyde spinoff said it will be 10:1 ratio. Nasdaq listing requirements for Tyde means the company has to have minimal 80m assets-- given the style of the BBIG's spinoff that means BBIG's valuation would need to be minimal of 800m (2x BBIG's current market cap). We also have evidence that Tyde is a legitimate bitcoin mining op from the filings/announcements so I suspect the valuation isn't the bare minimum.
4. Short interest is hovering around 38% and has been rapidly increasing in the past month, as well as Cost to Borrow increasing from 20% to 100%. Tyde spinoff (slated to be before the end of the year) will force shorts to cover-- we've had this happen with Overstock in 2020 as they need to deliver spinoff shares to close out short positions.

This is just the company. Now if you look at the price/volume action of sudden plunges in the stock price for no reason, news not moving it up, institutional investors getting in as per filings, all the intangibles with bears spreading fake information when it's about to run, buzz on reddit/stocktwits/twitter. To me there's a ton of upside here. ESPECIALLY if it cracks $10 (so it crosses the market cap to be on WSB).

You don't need to make money with me. I'm just saying this isn't Smile Direct Club or Wish or any number of other "SQUEEZE LOL SQUEEZE" stocks. There's a lot to be excited about here. I'm not throwing 60% of my portfolio into it based on nothing but hype and hope.

The only reason it hasn't moved is because we are still waiting for the official Form 10 valuation of BBIG and the earnings call not showing the company hemorrhaging money will be nice. Greedy when others are fearful etc etc. Breadcrumbs are there between 8Ks and PRs.

The upside is a lot higher and more likely than the downside at these levels. The only reason people aren't in it is because moviepass guy is involved (and he's not even involved in BBIG directly anymore) and because there's a lot of fake information out there and the price action is kinda scary. But I think the FLOOR for price when the spinoff occurs is at least the 52 week high of $12.50. Realistically it can go much much higher. Overstock went from $3 to like $120. In some ways there is actually more upside here than with Overstock, too between Lomo, Adrizer, and Tyde.

---