Cyber Sandwich posted:

Post more, please.

bob dobbs is dead posted:

the real comedy value at calpers is they pick individual stocks for their equity exposure and they fuckin suck at it, alpha fairly negative

Rolo posted:

Go GIK go!

Make up for past mistakes!

Oscar Wild posted:

Quoting to show what I'm doing.

Bought the calls back at $0.08 so I made 1.02 per call. Sold jan 15 calls at $28 strike at $0.60. Thats 11 days to expiration.

I really missed the movement up, at one time I was down almost $1.00 per call.

Deviant posted:

Ugh, watching GHIV go down is making me fidgety. It should go back up pre-merger, yes? I have it at $13 which is a bit above ideal, but them's the breaks.

cr0y posted:

Had this one on my watch list for a while, pulled the trigger at 12.70 🤷‍♀️

saintonan posted:

I mean I have similar plans (though definitely not as high on the hog), but I won't put any of them in action until it's safe to do so, even if that means several years.

Sand Monster posted:

On a different forum I read, a poster was talking about some ultra-rich "friend of a friend" type acquaintance that the person knows who paid $25,000 for a vaccine last week.

pmchem posted:

hmm, if you're wealthy enough to fly on private jets, but you don't own one, what publicly traded companies can you book your private jet trips on?

quote:

Thesis: a buyout of PRSP is imminent. January options are where the UOA is placed at. Price target for buyout: $32-33. My position: https://imgur.com/gallery/4DTgF2J

Hey [edited out slur] long time no see I’ve been here for a while and I see no really quality plays out there so here’s one where it involves some good ol’ fashioned DD, some massive unusual options activity and some massive whales that are in a stock that most of you have never heard about, waiting for a buyout that is imminent by January 15 according to the whales’ calls.

Perspecta is a boomer version of Palantir that has a backlog of military and government IT contracts. Spun out of DXC technologies, the company is massively undervalued at 23 bucks a share where it is currently trading. PRSP has been a target of merger and acquisition in the past but there have only been rumors until Jana partners (the massive whale) took a heavy position. Now who tf is Jana?

Jana partners specializes in special-situation strategies (aka they park their money in a company and force them to get bought out). One of their successful plays was none other than Computer Sciences corporation, a company that was merged with HP enterprise to make DXC technologies (you see where I’m going with this? They’ve done this before in the same exact sector with the same exact company that was the parent of Perspecta).

Now, the timing here is key. You wanna buy FD’s with the maximum likelihood of making it. This is where the unusual options kick in. A massive whale has taken a 5500 call position on the january 22.5 strike. More speculative plays have been placed on the 25 strike at 0.7 avg cost (averaging around 200k in premium total in 3-4 sweeps, by my estimate one person has placed 100k of premium). This stock has next to 0 retail interest so I think these options are bought by more sophisticated traders (less than 1000 watchers on stocktwits).

To make things more interesting, Perspecta has leaked that they’re in the process of a potential buyout: https://www.google.com/amp/s/seekin...al-sale-shares.

That news “leak” was right after insiders loaded 90 million dollars worth of shares at 18.87 average. To top it all off, all of the major funds that are heavily invested in prsp (Point72, DE Shaw, Maverick Capital etc) have added heavily to their stakes in the past quarter. This, along with the UOA on options and the heavy coiling of the chart, points to a January buyout.

Perspecta is trading at around 8.2 EBITDA, but average company in this sector is trading at 11.5-12. Given the fact that the CEO has said that shares are undervalued at 25 and that these whales have increased their stakes with an average cost of 23 or so per share, we’re looking at a price target of 32-33 for the potential buyout. The 30 FD’s are currently trading at just 0.1, making this a high reward to risk scenario.

Last but not least, just look at the chart. The amount of coiling resembles all of the buyouts that we’ve seen (such as FLIR as the most recent example). Heavy blocks have been bought everyday at MOC so someone has been building a large stake.

LODGE NORTH posted:

LODGE NORTH posted:

Oscar Wild posted:

This is the gambling thread. What they're talking about is growth and reinvesting dividends/cash distributions. You should buy like two mutual funds with one being broad based stock like a US index fund or global index fund. These should have low fees and distribute cash to your account like every 3 months or so. Your account should allow you to reinvest these distributions into the same fund, growing your investment.

The other fund you buy should be a bond fund, something like the PIMCO total return fund, ticker PTTRX. but this should likely be a smaller percentage, like 20% if you are younger or can tolerate your investments going up and down a lot to40% if you're older or don't want the volatility. This fund will not do great for the near term but provides regular distributions and is less volatile than a stock fund.

pixaal posted:

Considered the first link in the description is to crypto no this is not at all what that video is doing. You provide the better way to do what that video proposes but buying everything on credit with 1 year interest free sounds awfully gambly still. The market (or bitcoin) could easily fall in the short term leaving you with more debt.

Sand Monster posted:

On a different forum I read, a poster was talking about some ultra-rich "friend of a friend" type acquaintance that the person knows who paid $25,000 for a vaccine last week.

jokes posted:

Debt is a useful tool in the presence of certainty, or near certainty. With a diversified portfolio and no time pressure of needing to see returns in the next 5-10 years, you can even use debt as a counterbalance against stocks.

Many people take out a mortgage and use the cash they would have spent paying off their mortgage as capital for target funds and poo poo, effectively leveraging their house for investing in the stock market.

But Cryptocurrency? In a year? No certainty at all. Never take stock market advice from someone who wasn’t around in 08, they only have seen number go up.

LODGE NORTH posted:

Many thanks for the help everybody. I think I'll just stick to doing things the old fashioned way.

saintonan posted:

I mean I have similar plans (though definitely not as high on the hog), but I won't put any of them in action until it's safe to do so, even if that means several years.

pmchem posted:

hmm, if you're wealthy enough to fly on private jets, but you don't own one, what publicly traded companies can you book your private jet trips on?

pmchem posted:

hmm, if you're wealthy enough to fly on private jets, but you don't own one, what publicly traded companies can you book your private jet trips on?

FreelanceSocialist posted:

I know of a couple who aren't that wealthy and supposedly only had to lean on some connections. One is in healthcare but there's no way either was legitimately part of the first wave. They just know the right people. One of them let it slip during a convo about flying somewhere for work.

e: "couple" as in two people in a relationship

pmchem posted:

hmm, if you're wealthy enough to fly on private jets, but you don't own one, what publicly traded companies can you book your private jet trips on?

LODGE NORTH posted: