Time for a sequel to The Big Short. She has several retweets worth reading.

Carlo4 said:

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Time for a sequel to The Big Short. She has several retweets worth reading.

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I'm sure there is a lot of stuff behind the curtain we don't even know about

Essentially, we are starting to see downgrades and defaults similar to 2008. Difference, the pool of money available is nearly 100% larger ($1.4 trillion) than what set off everything back in 2008.

PPAag06 said:

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CrazyRichAggie said:

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oldarmy1 said:

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And of course another important must have!

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High game fence? Those natural?

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Not free range in that area!

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You would be surprised. Have seen a few.

Good God, SDC down 8.5%? They're earnings weren't that bad.

Exsurge Domine said:

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Good God, SDC down 8.5%? They're earnings weren't that bad.

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Bank of America downgraded them and PT of $7

Exit point for TVIX?

Exsurge Domine said:

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Good God, SDC down 8.5%? They're earnings weren't that bad.

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$8 Puts for the win!

Can somebody give me a 20 second recap of the ZEST lawsuit? Thanks.

oldarmy1 said:

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Exsurge Domine said:

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Good God, SDC down 8.5%? They're earnings weren't that bad.

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$8 Puts for the win!

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I have $8 puts for next month and Dec $8 calls that I've been holding for a while. Should I sell the puts and buy more calls at a cheaper price?

I counted 14-16 points.

That was on your new property...yesterday!

oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Needs to get back over. 278.96 was yesterday's low. Take that out and we're in for another red day.

/ES is diving, did the jobless number leak or something??

TChaney said:

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jj9000 said:

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Can somebody give me a 20 second recap of the ZEST lawsuit? Thanks.

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So Zest has patents on a process to track fresh foods to market with electronic tracking and real time access to the entire distribution chain.

It includes metrics for oldest product, product condition etc, getting product to shelves that may go bad while holding product or rerouting if it has a longer life.

Zest did some partnering with WalMart to try to implement the program there. Contract ends with no additional work for Zest/Ecoark.

Walmart patents a very similar process shortly thereafter. "Eden"

Zest goes whoa that's mine, Walmart says you didn't give us your app in iOS, and we didn't get your source code you said you sent us, so we made our own. We deny everything.

That's the best I could come up with from public info.

EDIT
Settling out of court, possible big payout, Walmart buyout. Every bit of that is rumor and speculation IMO.

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Decent enough summary based on my knowledge. I was passively watching this with a minimal amount invested until I read the below, which was released publicly a couple weeks ago. This is part of the court filings:

"That evidence was massaged and packaged for Mr. Foran to convince him to sign off on the elimination of Zest. After the fact, Mr. Foran admitted that the materials he was presented were not supported by the facts. Instead they were designed to mislead him resulting in him terminating the relationship with Zest."That evidence was massaged and packaged for Mr. Foran to convince him to sign off on the elimination of Zest."

Greg Foran was the US CEO and President and he stepped down in late 2019.

I have to assume the above was captured during the deposition and likely led to Foran leaving Walmart. Since this was unsealed a couple weeks ago, the rumor mills started going crazy as many would believe this act to be criminal in nature.

279.15 had a sizable order on it. Looks like that put in a temporary support. Jobless claims in 2 mins... So I imagine we'll shoot up 100 after a few more million jobless

Excellent recap. Thank You.

Oof.

IrishTxAggie said:

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Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Needs to get back over. 278.96 was yesterday's low. Take that out and we're in for another red day.

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oh damn, last I check is was right around 280

I'm in long on a couple positions. Don't have time to watch closely enough to get in and out. Checked yesterday afternoon and got my butt kicked. Today not looking promising.

Think I'm gonna delete my Charles Schwab app off my phone. See you guys in 2021

McInnis 03 said:

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This should calm things too.

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God help us all

Looks like someone tied the SPY to a Falcon 9 pointed directly at the gates of hell...

Do you think we retest lows of yesterday or is it a fee fall at open?

Aggies1322 said:

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Do you think we retest lows of yesterday or is it a fee fall at open?

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Yesterday's lows have already been taken out

Today gonna be much worse than yesterday it appears

khaos288 said:

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Roku and BA puts I sold yesterday at close for a profit. Missing like 2Gs on it this morning.

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Is this all holds, along with my spy puts, this fomo will be worth like 6k.

I think Disney is going to tank and ibm is poised on the precipice

IrishTxAggie said:

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Aggies1322 said:

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Do you think we retest lows of yesterday or is it a fee fall at open?

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Yesterday's lows have already been taken out

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I mean retest as resistance. Do you think we'll go back up there?

Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Hard fail if you don't see 2793 SPX and $280 SPY reclaimed within first 30 minutes hold onto all Puts.