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Zzen

Potato del Grande
2,950
3,640
Does “yonks” have a better ring to it than “ronks”?

Yields went vertical at 1:03 PM. Hoping that Jerome Powell found some balls and grabbed his nuts while testifying today or something 🌰
 

Sanrith Descartes

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SPIR results. Missed EPS by a penny, missed sales by about a $1m. I need to parse through their overall sales and retention numbers. Sales overall were 49% increase over the same period last year. I honestly dont care about "estimates", I care about the actual numbers.

1678309944123.png



1678310067904.png
 

Jysin

Ahn'Qiraj Raider
6,545
4,552
SPIR results. Missed EPS by a penny, missed sales by about a $1m. I need to parse through their overall sales and retention numbers. Sales overall were 49% increase over the same period last year. I honestly dont care about "estimates", I care about the actual numbers.

View attachment 462217


View attachment 462219
More importantly:

- Guides Q1 -$0.12 to -$0.11 v -$0.10e, Rev $21.7-23.7M v $25.0Me
- Guides initial FY23 -$0.36 to -$0.33 v -$0.44e, Rev $104-109M v $114Me

Lower guides get crushed in this market.
 
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Sanrith Descartes

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<Gold Donor>
45,786
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More importantly:

- Guides Q1 -$0.12 to -$0.11 v -$0.10e, Rev $21.7-23.7M v $25.0Me
- Guides initial FY23 -$0.36 to -$0.33 v -$0.44e, Rev $104-109M v $114Me

Lower guides get crushed in this market.
Yep.

Im going to absorb the financials and see if its worth holding another quarter or cut bait and eat the loss.
 
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Jysin

Ahn'Qiraj Raider
6,545
4,552
SI (Silvergate) implosion.

16:30 [SI] Announces intent to wind down operations and voluntarily liquidate Silvergate Bank
In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.In connection with the above: Centerview Partners LLC is acting as financial advisor, Cravath, Swaine & Moore LLP is acting as legal advisor and Strategic Risk Associates is providing transition project management assistance. - Source TradeTheNews.com
 
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Sanrith Descartes

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<Gold Donor>
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SI (Silvergate) implosion.

16:30 [SI] Announces intent to wind down operations and voluntarily liquidate Silvergate Bank
In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.In connection with the above: Centerview Partners LLC is acting as financial advisor, Cravath, Swaine & Moore LLP is acting as legal advisor and Strategic Risk Associates is providing transition project management assistance. - Source TradeTheNews.com
This was rumored weeks ago.

"After the collapse of crypto exchange FTX in late 2022, Silvergate posted nearly a billion dollar loss and saw its total deposits from digital asset customers decline to $3.8 billion from $11.9 billion through its fourth quarter."
 

Jysin

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We're in the chop zone between the SPY 50D and 20D. Nothing really to do until it resolves either direction.
 
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Sanrith Descartes

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INTC finding some bids the last couple sessions. I can't for the life of me figure out why unless its the company itself doing all day share buybacks.
 

Sanrith Descartes

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Stop order kicked in after CVS crashed through the 200-DMA like a runaway train. This is why I and many others here stress the need to use stop orders (especially so on speculative trades in volatile environments) and keep very tight leashes. Kept my loss to less than 3%.


Dropped an order in to buy a starter position of CVS at $80.50
This price gives it a 3% dividend yield and it has some support between $79.50 and $80.50

 

Jysin

Ahn'Qiraj Raider
6,545
4,552
Been out most of the day, but man oh man. $SIVB the short of the year today. All easy to borrow too.
 

Jysin

Ahn'Qiraj Raider
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SPY trying to bleed into the 100D / 200D confluence point of ~393.25

If the nonfarm payrolls surprise too strong again tomorrow and SPY fails that, the bears are back in the driver's seat.
 
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Jysin

Ahn'Qiraj Raider
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Shocked SPY 100D and 200D convergence point wasnt contested whatsoever.
 
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