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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (167629)	1/27/2021 10:46:33 AM
From: TobagoJack	Respond to of 217749

Slaughter fest season Carson Block, a fellow I never met but do not like as a matter of philosophy, is astute to bolt before the mob arrives in his foyer, with rope, kindling, and pitchfork bloomberg.com Carson Block Cuts Short Bets, Ducking Online ‘Mob’ Hunting Bears Erik Schatzker January 27, 2021, 11:21 PM GMT+8 Carson Block Photographer: Victor J. Blue/BloombergCarson Block said his Muddy Waters Capital “massively reduced” its short positions in recent days, mostly avoiding the buying frenzy that has burned at least two other hedge funds. “There are no medals for valor in this business,” Block said by phone from California. “Being one of the more high-profile short sellers, it would not be smart for us to have appreciable risk on in any name.” As an activist who mostly seeks to profit by exposing fraud and accounting shenanigans, Block is a regular target for bullish investors who willfully disregard his findings or consider short-sellers a pox on the stock market. But he said the Reddit-fueled attacks on funds that shorted GameStop Corp., including Melvin Capital and Citron Research, are like nothing he’s seen before. Block began scaling back its positions about two weeks ago, when he recognized that a squeeze might be building in one of his shorts, GSX Techedu Inc., a Chinese maker of education software that Melvin also bet against. Then, after day traders drove up the price of GameStop by 51% on Friday, he decided it was time to take cover before they zeroed in on Muddy Waters. “The mob is specifically hunting short-sellers,” he said. “We didn’t have the misfortune of being in GameStop.” Muddy Waters bought stock to cover most of its shorts on Monday and today was able to reduce risk in the last big position, Block said. — With assistance by Kamaron Leach Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad

To: Follies who wrote (167629)	1/27/2021 11:31:57 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217749

EDIT: EVEN AS THERE ARE 5+ MINUTES STILL AVAILABLE FOR EDITING THIS POST, THE NOK TRADE IS ALREADY GOING WELL FOR THE GREATER GOOD, ON A NASDAQ DOWN-DAY. THIS IS AN ARGUABLY UNNATURAL MARKET, BUT THE MOB MIGHT BE CORRECT. Original post below: I suppose as long as one did not tee-up the gasoline credit card then one is being safe :0) Re the just-executed GME roll and the new extraction of $2 (213.94 - 211.94), and adding to the $34.65 already gained Message 33165310 now net-netting $36.65, which of course pales next to the gain in the underlying stock in the hundreds (never mind the pure option play also in the hundred but on far less capital deployed); but the entire GME trade was done ‘safe’ and it shows ‘safe’ is a complete waste of effort. In the meantime I did a smirk on Tootsie Roll (wager, short put and long call, a/k/a ‘not safe’), the mentioned giggle on with rolling GME (got $2 extracted, and again raised the call-strike), and a laugh on NOK (bought shares, bought calls, to make the shares cheaper, hopefully, and shorted puts, for same reason, also hopefully - the blending is 5:1 call options to stock and put options to stock - the intent is to end up w/ free shares to eventually short calls against) - I find that ‘hope’ sometimes a good strategy :0) All different approaches, I doubt making any difference because all ‘should’ go up during the long-term, and the long term ends to mid-February Pay no attention to the ‘Yesterday’ vs ‘Today’ - a quirk in the time zone display.

To: Follies who wrote (167629)	2/2/2021 1:52:33 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217749

Trade to open, long GME Puts strike-17 that might be reached this side of 19th February Re <<safely>> ... ‘Reinvesting’ some of the outrageous giggle gains made here Message 33166744 , or as rearguard action, a hug before a shove etc etc, even as tomorrow should be an up-day for GME. Let’s see. It is exercise.

To: Follies who wrote (167629)	2/4/2021 7:26:35 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217749

Re <<safely>> Following up the last GME trade Message 33178110 <<Reinvesting’ some of the outrageous giggle gains made here ...>> the trade that was done 2:30ish Wednesday, long GME in a negative way when the equity was @ ~100 and I was 'investing ' in the Feb 19th Put strike-17 @ 97 cents, the trade is going in the correct direction a day into the battle and w/ 2+weeks to still go. Am unsure that the GME price would breach 17 to the down side as it is still at a healthy 50+, but the puts are showing unrealised profit, a good trending. To the extent that my actions help to uphold the rationality of the free market place, all good, as by the earlier profitable actions on the long side I was also trying to be helpful by helping self Message 33168520 <<Net-netting 5.57, increasing profit to date to 34.65 + 5.57 = 40.22 per share, risk-less, but obviously underperformed a straight forward equity buy, never-mind a straightforward-er Call buy. Lesson? In a vertical market, just buy any call option and then take a nap.>> Needless to say, would like to have yet another go at GME should the current rearguard action work out. Another halving of GME can easily happen, but so can a doubling. Very exciting. Unsafe? Not exactly. finance.yahoo.com