Why would the SEC ever allow a company to dilute shares in attempt to prevent someone from buying at a 20% premium? Sounds like collusion.

Ragoo said:

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Why would the SEC ever allow a company to dilute shares in attempt to prevent someone from buying at a 20% premium? Sounds like collusion.

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It's been reported that the SEC and DOJ opened a joint investigation into Tesla today.

Tells you the kind of country we're living in.

Spoony Love said:

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I think investors are starting to look at the possibility of a poison pill and the resulting financial drop. TWTR is about to get ugly this closing hour and perhaps bring some things down with it.

44.55 was yesterday's low.

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I hope Elon breaks the wheel.

FTAG 2000 said:

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Ragoo said:

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Why would the SEC ever allow a company to dilute shares in attempt to prevent someone from buying at a 20% premium? Sounds like collusion.

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It's been reported that the SEC and DOJ opened a joint investigation into Tesla today.

Tells you the kind of country we're living in.

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Ad,...while Citadel, Moffett Nathanson, Elliott Management, etc. etc. continue to ply their trade without concern.

insane moves here. wow.

Elon's doing a TEDTalk right now. Said there is a Plan B for Twitter if they don't accept his offer. Won't expand on that.

I agreed with you earlier that SPY was oversold but man, this is getting crazy.

jj9000 said:

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Spoony Love said:

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For all the Prog fans out there, PROG is close to under a buck.

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Will go lower once he's banned for the 768th time, as a result of being addicted to F16.

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FTAG 2000 said:

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Elon's doing a TEDTalk right now. Said there is a Plan B for Twitter if they don't accept his offer. Won't expand on that.

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I'm pretty sure he'll create titter.

Going to be a wild weekend fellas…I'm fishing most of next week but will try and get morning commentary out back starting on Tuesday for sure. Hard to wade fish and type. ….Happy Holidays to all….

Still need to throw out another crazy story …..

April has been brutal.

ProgN said:

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2022 April has been brutal.

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****ty week.

It hasn't been my day, week, month, or even year.

Same. You're not alone in that boat. I've been trapped over and over.

Same. Havent had any big wins but also have been disciplined and kept tight stops which wasn't the case a year ago. I guess there's evidence of some improvement on that front.

Somewhere Aggie Daniel is in the background grinning thinking "welcome to the real market rookies".

jwhitlock3 said:

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Same. You're not alone in that boat. I've been trapped over and over.

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I've had a hard time not being biased, wanted to play calls today thinking rip. I ended up doing basically nothing, closed some verticals at the open that were overnight holds for a nice big win (and got stopped out of some calls). Still seems like a scalpers market though.

Just now I looked up SPY April (the last 3, of course this includes 2020 post covid rip). All of them were big winners the last half of April, a couple of them even gapped up the Monday after Easter. I think we finally get some rippy next week, but if I'm wrong the markets may be in real trouble.

my uneducated 2 cents. Time to find a beer!

Hopefully Putin is taken out by one of his own over the weekend.

Brian Earl Spilner said:

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It hasn't been my day, week, month, or even year.

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I'll be there for you

*clap clap clap clap*

Massive Reversal in Treasuries Today...20 Basis Moves....why?

We said earlier in the week that treasuries would experience a short covering rally after CPI..Lael Brainard helped us out with that... We got about 25 basis move in 5 years and 30 basis in 2 years.... We also said late yesterday ,and again this morning, that this would reverse next week... We did not see it reversing today going into a long weekend with the Russian Ukraine rhetoric accelerating... BUT IT HAS HAPPENED... 17 basis in 2 years today, 22 basis in 5 years, 19 basis in 10 years, 15 in long bonds... The moves have been about flows and positions... Nothing from the Fed or economic numbers are relevant for these moves... But we do think that the Powell speech one week from today will move markets, we just can not tell what direction as it will be dependent on flows and positions in one week...

The back drop...Asian and early London time saw better buyers... Yields were at their lows...but at 8.15 am , before the numbers, we saw some large futures block selling start to go through...it accelerated a bit after retails sales but that was not the catalyst... Williams did not help, but he really did not say anything different, but reiterated the Fed is going to raise rates aggressively... But the next part of fireworks was Laguarde, where she ignored the obvious inflation fiasco in front of her and refused to do anything about it... Just look at the 30 yr Bund once she started talking, quickly backed off 9 basis from, .91 to over 1%... It would be even higher now as the negative trends in rates are accelerating on itself as we near the close....

So there you have it, 20-25 basis moves...not much change in the yield curve... Not about economic numbers... A Fed governor who did not say much... And an ECB head that refuses to recognize the path forward... But the catalyst was big positions, bad positions, and reversals with no liquidity

Have a great holiday weekend

Charismatic Megafauna said:

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Every major tech company , Google, fb, et al is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved. And Twitter is on the phone with their lawyers asking which can be their white knight. Gonna be interesting https://t.co/khCVPzuGiM

— Mark Cuban (@mcuban) April 14, 2022

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*THOMA BRAVO WORKING ON POSSIBLE BID FOR TWITTER: NY POST $TWTR

— Print Trading (@print_trading) April 14, 2022

Elon is playing next level Chess. If TWTR gets bought at a higher offer than Elon's, his 10% stake is gonna be worth a bit more than it is now.

This reminds of when Vanderbilt held the control of the Harlem railroad (??), and his opponents tried to short it to bankrupt him, but he owned so much, he basically crushed them with their borrowing premium. Vanderbilt was one step ahead!

I think this is chronicled in the Gilded Age show.

TecRecAg said:

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Brian Earl Spilner said:

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It hasn't been my day, week, month, or even year.

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I'll be there for you

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