Alta said:

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Again - what is the issue? It's their money or money that they apparently have investment decisions over.

Also, this isn't anything new. Lots of PE funds, etc. have been pulling funds from traditional energy for awhile now and moving it to what they view as cleaner options at the request of LPs. Their money so they certainly can choose where and with who it is invested.

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Let's say you own mutual fund A. So does the California State Retirement System. They own a few more shares than you (I understand all TexAgs posters are millionaires ). The Cali guys call the OP and tell him that if mutual fund A sells Twitter, even if it is tanking, they will pull their money. Twitter tanks and the mutual fund drops in value.

You lose your investment.

So does the California State Retirement System. But the State passes a bailout to offset those loses.

You still lose. If you live in Cali, you lose twice.

This problem already exists today, but the OP is saying it's become more obvious since the events of last week.

dmart90 said:

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Alta said:

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Again - what is the issue? It's their money or money that they apparently have investment decisions over.

Also, this isn't anything new. Lots of PE funds, etc. have been pulling funds from traditional energy for awhile now and moving it to what they view as cleaner options at the request of LPs. Their money so they certainly can choose where and with who it is invested.

---

Let's say you own mutual fund A. So does the California State Retirement System. They own a few more shares than you (I understand all TexAgs posters are millionaires ). The Cali guys call the OP and tell him that if mutual fund A sells Twitter, even if it is tanking, they will pull their money. Twitter tanks and the mutual fund drops in value.

You lose your investment.

So does the California State Retirement System. But the State passes a bailout to offset those loses.

You still lose. If you live in Cali, you lose twice.

This problem already exists today, but the OP is saying it's become more obvious since the events of last week.

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That's a real example. I'm heading that the members in these unions are aware it's a problem. Will be interesting to see how it plays out.

Dollars will win after this sheet calms down. May take a little longer because the Dems do have lots of communists/Marxists amongst them.

HoustonAggie37713 said:

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third coast.. said:

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i thought all hedge funds relied on penny stocks?

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If you notice I made exactly one stock pick. ABML.

We rely on our ability to raise capital and our ability to get in and out of all markets quickly.

In my personal accounts I trade penny stocks 75-80% of the time. It fits my risk profile. Right now I like ABML and of you want an additional pick...GNUS.

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Your company is okay with you day trading on the side?
Sounds like a recipe for conflicts of interest

polarice said:

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HoustonAggie37713 said:

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third coast.. said:

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i thought all hedge funds relied on penny stocks?

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If you notice I made exactly one stock pick. ABML.

We rely on our ability to raise capital and our ability to get in and out of all markets quickly.

In my personal accounts I trade penny stocks 75-80% of the time. It fits my risk profile. Right now I like ABML and of you want an additional pick...GNUS.

---

Your company is okay with you day trading on the side?
Sounds like a recipe for conflicts of interest

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I don't trade for my company or really even have access to the research behind the trades. I raise capital and help get the financing on skyscrapers and large forex accounts. I trade on the side every day. I purposely don't know what my fund is trading.

HoustonAggie37713 said:

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dreyOO said:

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HoustonAggie37713 said:

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If we sell, I've been told that membership in some of these groups will have to move money out of our fund.

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Not sure I follow. They would do this even if those stocks tumbled? Do they not have fiduciary responsibilities?

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I think we will do our best to find common ground. That decision is over my head. However I can tell you that we did not buy stocks in the energy sector that we liked due to liberal pressure. They are demanding this of us, we aren't advising them on these issues

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Switch jobs !

Ag$08 said:

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I think you guys are overestimating the number of people that care about politics over returns.

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Have you been asleep the past year?

BigJim49 AustinNowDallas said:

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HoustonAggie37713 said:

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dreyOO said:

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HoustonAggie37713 said:

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If we sell, I've been told that membership in some of these groups will have to move money out of our fund.

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Not sure I follow. They would do this even if those stocks tumbled? Do they not have fiduciary responsibilities?

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I think we will do our best to find common ground. That decision is over my head. However I can tell you that we did not buy stocks in the energy sector that we liked due to liberal pressure. They are demanding this of us, we aren't advising them on these issues

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Switch jobs !

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I have a young son and bills. Hedge fund jobs don't grow on trees.

Sold three off those today

Nothing will stop the downward slide of a stock that is losing users, and therefore advertisers and therefore revenue and therefore income and therefore weakened balance sheet.

Fight against it all you can. It's like forbidding homeowners to make profits when selling their houses.

Never fight market forces. You just can't make the market. Its global.

Not a minute into the Vanguard CEO webcast tonight he mentioned the insurrection in Washington DC last week.

They are so woke. My Brit personal advisor there always trying to tell me about a special on NPR or PBS.

I've got a lot of history with these folk but may roll my retirement somewhere else if I can find a non woke investment house.

TChaney said:

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I am not going to suggest anything about the OP's motivations on this thread,

When anyone drops the name of a penny stock out of the blue that should raise a red flag.
I have made some money off of penny stocks myself. I still hold a few shares of those stock after making a profit and being able to maintain the rest of the shares at no net cost to me.

Penny stocks are notorious for Pump and Dump.

You buy thousands of shares (or more) at say 25 cents. Then the stock will be hyped. At some point it will gain momentum if enough people do it. Once it hits a run, the larger owners will dump the stock, the price will plummet and you will be left holding the bag at a loss.

When I am looking through Penny stocks if I see one of these videos for that company I know it's something to be wary of.



Invest your money however you see fit. You can make money off of them, but more often than not you will be the guy holding the bag at the end.

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Sketch

WestAustinAg said:

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TChaney said:

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I am not going to suggest anything about the OP's motivations on this thread,

When anyone drops the name of a penny stock out of the blue that should raise a red flag.
I have made some money off of penny stocks myself. I still hold a few shares of those stock after making a profit and being able to maintain the rest of the shares at no net cost to me.

Penny stocks are notorious for Pump and Dump.

You buy thousands of shares (or more) at say 25 cents. Then the stock will be hyped. At some point it will gain momentum if enough people do it. Once it hits a run, the larger owners will dump the stock, the price will plummet and you will be left holding the bag at a loss.

When I am looking through Penny stocks if I see one of these videos for that company I know it's something to be wary of.



Invest your money however you see fit. You can make money off of them, but more often than not you will be the guy holding the bag at the end.

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Sketch

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I can show you a hype video on almost any stock. Worthless point.

The CEO is bragging about putting a trailer with 360 degree camera on land they purchased. They haven't even gotten approval to build a pilot plant.

Monywolf said:

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The CEO is bragging about putting a trailer with 360 degree camera on land they purchased. They haven't even gotten approval to build a pilot plant.

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No one is asking you to buy the stock, angry guy.

This is the photo of ABML's Corporate HQ


They are a mail drop box in a strip center.


From what I have seen online no permits have been pulled for any construction.


Douglas Cole - CEO

Default judgments have already been entered against Longwei and its officer and board member Dora Dong. Further, the company's founders, Cai Yongjun and Xue Yongping, have failed to appear in this action. The remaining defendants, Michael Toups, Douglas Cole, and Gerald DeCiccio (the "individual defendants"); Child, Van Wagoner & Bradshaw, PLLC and Anderson Bradshaw, PLLC ( "the auditors"); and Russell Anderson, the principal audit partner throughout, have filed four separate motions to dismiss. All of the above defendants had been sued individually in prior actions, all of which have been consolidated.
https://www.law.du.edu/documents/corporate-governance/securities-matters/In-re-Longwei-Petroleum.pdf

On December 12, 2017 the Court approved the distribution of $100,000 in assets to the shareholders of Longwei as of the Record Date. That is date on which the NYSE MKT filed a Form 25, Notification of Removal From Listing and/or Registration under Section 12(B) of the Securities Exchange Act of 1934, with the Securities and Exchange Commission, stating that, pursuant to 17 CFR 240.12d2-2(b), the Exchange had complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. The shares of Longwei did not trade on the NYSE MKT after the Record Date. The Court excluded from participation in the distribution of Longwei's assets Youngjun Cai, James Crane, Michael Toups, Yongping Xue, Douglas Cole, Gerald DeCiccio, Dora Dong, and Xiaoping Xue. These individuals are the officers and directors of Longwei who were named as defendants in the Derivative Action and who are believed to be the perpetrators of the fraud on the Longwei investors. Only three of these individuals were successfully served and are parties to the settlement agreement previously approved by this Court.
https://www.globenewswire.com/news-release/2018/01/30/1314611/0/en/Court-Orders-Dissolution-of-Longwei-Petroleum-Investment-Holding-Ltd-and-Distribution-of-Company-Assets-to-Shareholders-as-of-March-22-2013-LPIH.html


Are you telling me you looked over these financials and even remotely thought this was a well managed company? I can't directly attack you on these boards or I will get banned but you really can't be serious.

http://filings.irdirect.net/data/1576873/000107878220000876/f10q093020_10q.pdf

Thanks, penny stock promoter guy.

HoustonAggie37713 said:

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jh0400 said:

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Is it politics or the fact that you'd be almost guaranteed to underperform the S&P 500 if you didn't hold AMZN, AAPL, etc?

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Again, this has nothing to do with performance. People we represent are telling us that if we sell these companies for any reason they are moving their money.

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Kick their asses out. Yesterday.

third coast.. said:

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I'm telling you, its Barnes.

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Willing to wager? Ask the staff. Do an IP check.

TChaney said:

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This is the photo of ABML's Corporate HQ


They are a mail drop box in a strip center.


From what I have seen online no permits have been pulled for any construction.


Douglas Cole - CEO

Default judgments have already been entered against Longwei and its officer and board member Dora Dong. Further, the company's founders, Cai Yongjun and Xue Yongping, have failed to appear in this action. The remaining defendants, Michael Toups, Douglas Cole, and Gerald DeCiccio (the "individual defendants"); Child, Van Wagoner & Bradshaw, PLLC and Anderson Bradshaw, PLLC ( "the auditors"); and Russell Anderson, the principal audit partner throughout, have filed four separate motions to dismiss. All of the above defendants had been sued individually in prior actions, all of which have been consolidated.
https://www.law.du.edu/documents/corporate-governance/securities-matters/In-re-Longwei-Petroleum.pdf

On December 12, 2017 the Court approved the distribution of $100,000 in assets to the shareholders of Longwei as of the Record Date. That is date on which the NYSE MKT filed a Form 25, Notification of Removal From Listing and/or Registration under Section 12(B) of the Securities Exchange Act of 1934, with the Securities and Exchange Commission, stating that, pursuant to 17 CFR 240.12d2-2(b), the Exchange had complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. The shares of Longwei did not trade on the NYSE MKT after the Record Date. The Court excluded from participation in the distribution of Longwei's assets Youngjun Cai, James Crane, Michael Toups, Yongping Xue, Douglas Cole, Gerald DeCiccio, Dora Dong, and Xiaoping Xue. These individuals are the officers and directors of Longwei who were named as defendants in the Derivative Action and who are believed to be the perpetrators of the fraud on the Longwei investors. Only three of these individuals were successfully served and are parties to the settlement agreement previously approved by this Court.
https://www.globenewswire.com/news-release/2018/01/30/1314611/0/en/Court-Orders-Dissolution-of-Longwei-Petroleum-Investment-Holding-Ltd-and-Distribution-of-Company-Assets-to-Shareholders-as-of-March-22-2013-LPIH.html


Are you telling me you looked over these financials and even remotely thought this was a well managed company? I can't directly attack you on these boards or I will get banned but you really can't be serious.

http://filings.irdirect.net/data/1576873/000107878220000876/f10q093020_10q.pdf

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When did I say it was a well managed company? At least keep up with the latest news. Sheesh.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/american-battery-metals-corporation-reaches-133000159.html

Sounds like a bunch of Karens telling you how to do your job.

Danwell Home said:

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Sounds like a bunch of Karens telling you how to do your job.

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To be honest I think we basically explained that we won't be "bulk selling" anything and came up with a system of options to manage the risk.

So don't sell them

I think your grapevine needs a recalibration.

Well it's only up 48% trailing 12......so not like it isn't part of the process.

System of options? So the hedge fund bought puts. Groundbreaking.

third coast.. said:

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HoustonAggie37713 said:

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Danwell Home said:

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Sounds like a bunch of Karens telling you how to do your job.

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To be honest I think we basically explained that we won't be "bulk selling" anything and came up with a system of options to manage the risk.

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well that comment and this comment dont square.

Quote:

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I don't trade for my company or really even have access to the research behind the trades. I raise capital and help get the financing on skyscrapers and large forex accounts. I trade on the side every day. I purposely don't know what my fund is trading.

---

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We is my company. I don't trade stocks for my hedge fund. I raise capital and manage large clients.

FunkyKO said:

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System of options? So the hedge fund bought puts. Groundbreaking.

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I'm not sure you understand what an undertaking that is. We are talking about millions of shares. The options will take months to leg into. If that's even what we do. Doesn't look like Twitter will even drop that much.

Y'all are burying the lede here. Dumb politicizing of fund management.

HoustonAggie37713 said:

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dreyOO said:

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HoustonAggie37713 said:

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If we sell, I've been told that membership in some of these groups will have to move money out of our fund.

---

Not sure I follow. They would do this even if those stocks tumbled? Do they not have fiduciary responsibilities?

---

I think we will do our best to find common ground. That decision is over my head. However I can tell you that we did not buy stocks in the energy sector that we liked due to liberal pressure. They are demanding this of us, we aren't advising them on these issues

---

So if these clients already know what they want to own and what they don't, why are they paying a hedge fund to manage their capital and ignoring their advice? But then again, I suppose logic does not enter into the equation.

XOM has been a steal recently, and their dividend is both safe and ginormous, with the prospect of capital appreciation to boot. Anyone who thinks oil & gas exploration and production is no longer needed is drinking too much of the Marxist kool-aid.

AzAg80 said:

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HoustonAggie37713 said:

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dreyOO said:

---

HoustonAggie37713 said:

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If we sell, I've been told that membership in some of these groups will have to move money out of our fund.

---

Not sure I follow. They would do this even if those stocks tumbled? Do they not have fiduciary responsibilities?

---

I think we will do our best to find common ground. That decision is over my head. However I can tell you that we did not buy stocks in the energy sector that we liked due to liberal pressure. They are demanding this of us, we aren't advising them on these issues

---

So if these clients already know what they want to own and what they don't, why are they paying a hedge fund to manage their capital and ignoring their advice? But then again, I suppose logic does not enter into the equation.

XOM has been a steal recently, and their dividend is both safe and ginormous, with the prospect of capital appreciation to boot. Anyone who thinks oil & gas exploration and production is no longer needed is drinking too much of the Marxist kool-aid.

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They use us for execution speed. I also think they just want to be able to say they did something woke. If anyone ever asks, they can show the emails they sent asking us to not sell Twitter. They don't really want to manage their portfolio.

TWTR down another 2.5% today. That's another $37 billion of market cap.

WestAustinAg said:

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TWTR down another 2.5% today. That's another $37 billion of market cap.

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Imagine what it would be if everyone was free to sell.