Investing General Discussion

Fogel · Dec 17, 2020

Trit down to 11 in early morning. Looks like my PSTH 25$ put will be coming down to the wire today. I'm already up 50% on my VLDR Jan 18 puts.

Sanrith Descartes · Dec 17, 2020

Fogel said:
Trit down to 11 in early morning. Looks like my PSTH 25$ put will be coming down to the wire today. I'm already up 50% on my VLDR Jan 18 puts.

I was coming to post this. Company owned by CEO (not Trit) getting sued in Singapore. Details in the filing. Read here.

Edit - I have 10 strike puts expiring tomorrow. I sort of hope they get exercised.

TheBeagle · Dec 17, 2020

LachiusTZ said:
Yeah, there might be some line where I would fall on the other side. But that obviously not a concensus. And if I were to, I sure as fuck would not tell anyone because I would expect people that aren't stealing from the system to, rightfully, turn me in.

The concensus appears to be "Don't steal from society". Not sure why the guy whose name has become synonymous with cuck thinks he has the position to deride those that don't like being fucked.

Not gonna shit up this thread any longer but anyone that has spent the past four years decrying how absolutely corrupt the federal government is, wants most federal bureaus abolished, thinks we should pay less in taxes, compares the Feds to the mafia, and literally wants to hug them all turns around and advocates ratting on your friends to that same federal government. Well, that man is an inconsistent, ignorant fool that is so wrapped up in his own self-righteousness and indignation that he has no idea wtf he's even talking about.

Fogel · Dec 17, 2020

So if I'm reading this right the CEO of trit is also CEO of another company that's being sued? And it's the other company that may be related to the tweet from yesterday about the bogus spac? Or are those two seperate things?

LachiusTZ · Dec 17, 2020

TheBeagle said:
Not gonna shit up this thread any longer but anyone that has spent the past four years decrying how absolutely corrupt the federal government is, wants most federal bureaus abolished, thinks we should pay less in taxes, compares the Feds to the mafia, and literally wants to hug them all turns around and advocates ratting on your friends to that same federal government. Well, that man is an inconsistent, ignorant fool that is so wrapped up in his own self-righteousness and indignation that he has no idea wtf he's even talking about.

Not going to shit up thread, immediately posts paragraph. Lol.

The govt sure as fuck looks corrupt in 2020, does that excuse stealing for HALF A CENTURY?

Is theft morally acceptable now? That's your position?

The FBI and DoJ at this point need to be burned down. Sure. ATF and DEA, sure. Most of the agencies have some basic utility in a reasonable society.

Wanting treason punished is out of bounds and justifies tax evasion?

And there is always the difference between tax avoidance, which everyone should do and is legal, versus tax evasion which is illegal and if what those people are doing.

Like I said, your name is synonymous with cuck, nobody should be surprised you like being ass fucked.

Bring it to the politics thread if you want more.

Denamian · Dec 17, 2020

Ok everyone, the derail is over now. If you want to continue the tax cheat conversation make a new thread and I'll gladly move posts over to it.

Fogel · Dec 17, 2020

Sanrith Descartes said:
I was coming to post this. Company owned by CEO (not Trit) getting sued in Singapore. Details in the filing. Read here.

Edit - I have 10 strike puts expiring tomorrow. I sort of hope they get exercised.

Under 10 now, looks like you might get your wish

Jackie Treehorn · Dec 17, 2020

And now HCAC down $1.44 pre-market.

Edit: quickly back up.

When Its Merger With EV Maker Canoo Closes, HCAC Will Fly

Hennessy Capital SPAC will fly when it merges with Canoo. HCAC stock is worth 60% more, based on its own revenue and value projections.

www.google.com

I just bought another $1000 of it at $19.36 a share. Let’s goooo Canoo. Figures it drops $1.40 about two minutes after.

Sanrith Descartes · Dec 17, 2020

Fogel said:
Under 10 now, looks like you might get your wish

More reading indicates a big customer is being sued for non-payment and might go bankrupt. The customer processes less than 10% of the total traffic on the TRIT. So a big deal from a revenue perspective, but not a direct TRIT issue beyond that. Looks like 7 straight minutes of buying so we may have a floor forming.

ps.. anyone selling at sub-9.50 is selling at a loss so this is panic selling at this point. The pre-merger low was about 9.50.

LachiusTZ · Dec 17, 2020

Something about pigs and hogs

LachiusTZ said:
I have TRIT calls @ 12.50, expiring in mid January.

Sanrith Descartes · Dec 17, 2020

The options market is massively bullish. Most people betting this will turn around by Jan.

Sanrith Descartes · Dec 17, 2020

Fogel said:
Under 10 now, looks like you might get your wish

Funny how much a nickle is worth. I didnt close out my $10 puts because a nickle was 20% of my profit and the stock was at $13. Chuckle.

Sanrith Descartes · Dec 17, 2020

TRIT

This article lays it out.

Why Tritterras Is Plummeting - Benzinga

Shares of fintech company Triterras Inc (NASDAQ: TRIT) were trading lower by more than 30% Thursday morning after confirming it informed a statutory demand for payment was made to Antanium Resources in Singapore.

amp.benzinga.com

Fogel · Dec 17, 2020

Still hovering around 8$. On the plus side, I was able to buy my AMD put for .03 just before it went red

Sanrith Descartes · Dec 17, 2020

Fogel said:
Still hovering around 8$. On the plus side, I was able to buy my AMD put for .03 just before it went red

My only issue with the puts for tomorrow is taking on too many shares. I like to spread out my risk. Im gonna play it out for today/tomorrow and decide on it. I have $12.50 Jan puts I have time to wait on. I can factor a revenue issue. I wouldn't hang around if the legal issue was involving TRIT directly.

Locnar · Dec 17, 2020

I could not help myself and doubled my trit position when it hit 8. In other news, the first puts I’ve ever bought , lazr, expire tomorrow and are currently hovering on the line of being profitable. I’ve read earlier in this thread most of you never like to let your options go to the last minute, I got to decide what to do with these puts soon I guess. Lazr plz die more.

Sanrith Descartes · Dec 17, 2020

Locnar said:
I could not help myself and doubled my trit position when it hit 8. In other news, the first puts I’ve ever bought , lazr, expire tomorrow and are currently hovering on the line of being profitable. I’ve read earlier in this thread most of you never like to let your options go to the last minute, I got to decide what to do with these puts soon I guess. Lazr plz die more.

For a perfect, real-life example of why I "almost" never let my options expire worthless... see TRIT. My premium when I sold them was 25 cents and I refused to spend the 5 cents to close them out. And today... TRIT - 36% and in the money. Ha-fucking-ha on me. Or in other words...

Fogel · Dec 17, 2020

Sanrith Descartes said:
For a perfect, real-life example of why I "almost" never let my options expire worthless... see TRIT. My premium when I sold them was 25 cents and I refused to spend the 5 cents to close them out. And today... TRIT - 36% and in the money. Ha-fucking-ha on me. Or in other words...

Quoting you from earlier "I never let my puts expire to avoid a black swan event"

Sanrith Descartes · Dec 17, 2020

If I can make a suggestion... When discussing specific positions (like stock or options) and asking for advice please try to provide specifics like strike/premium/expiry or cost basis. It would help give a better reply.

Sanrith Descartes · Dec 17, 2020

Fogel said:
Quoting you from earlier "I never let my puts expire to avoid a black swan event"

Except when I am saving my damned nickle. lol

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