PDAC waking up, I was starting to think the deal woulnt even go through. Biden pumping up the battery recycling

PSTH big OOF

I heard that they were getting stripe? Whats this music business bs.

Buying 10% of universal music group, and not doing a reverse merger SPAC thing. Plus PSTH itself is still going to be a publicly traded company too. Seems unbelievably complicated and the market is not feeling it. I've read the press release and like 5 other "summaries" but from what I understand its

1. Receive 1 share of UMG on or before Sept 27, 2021. (for $14.75) (PSTH acting as PIPE for UMG). Also keep 1 share of PSTH (valued at $5.25)
   
   
2. $4.1 Bil (1.6Bil from PSH and 2.5 Bil from PSTH) used to fund UMG PIPE.
   
   
3. Pershing Square SPARC Holding (SPARC) has been formed and will have $1-$5 Bil in capital for aquisition.
   
   
4. Each share of PSTH receives a "SPAR" (warrant to purchase SPARC @$20) following the Redemption Tender Offer and Warrant Exchange Offer. $5.6 Bil total if all redeemed. (SPAR can only be exercised IF SPARC enters into a definitive deal).
   
   
5. SPARC + SPAR (warrant from PSTH) jointly will be a $6.6Bil minimum blank cheque company and upto $10.6Bil for the next aquisition.
   
   
6. SPARC Sponsor can purchase @$24 for upto 10 years. (either pay $24 to purchase or receive the difference of market value - $24).

tl;dr 1 PSTH becomes 1 UMG + 1 PSTH (which will pursue another deal) + 1 "warrant" for another SPAC that is called a SPARC for some reason (that will have $10 bil).

massively underwhelming for psth, tho i suppose getting a big boy in an oligopoly is +ev

stripe is just gonna be private until theyre a trillion dollars, i'll never get that sweet sweet collison money

can someone bring tokopedia public already? geezus

So I look on Yahoo Finance and it says AMC short interest is only 21.13% dated May 14, yet Reddit is certain the short interest is a little over 100%. Where do I find this information that Reddit never sources? I don't want to be left trading with outdated and likely manipulated boomer info!

Most of the theory centers around that the hedge funds/etc shorting have created millions (unknown actual #) of synthetic shares to keep spinning the game further, which don't show up properly in those short numbers.

I believe the theorycrafting is that when there is a vote or some other situation where shares are recalled, showing the number of votes/shares outnumber the shares that actually exist, this proves evidence of naked shorting and is a catalyst for the SEC/etc to act.

Similar situation played out with Overstock, which is why they issued a crypto dividend in order to expose the naked shorting.

I've been loading up significantly on CRSR any time it's $32.50 or lower as a play on continued growth in gaming and streaming and it's my largest non-index individual holding now. Seems like it's actually very reasonably priced (it's priced like gaming has already peaked) and it's been a reddit and youtube darling before, so some chance it has a decent hype wave again at some point (see the parabolic move after the IPO). It dropped 6% today apparently solely on news the CFO sold 7500 shares at 31.5 (half his position), but from what I understand this is rarely anything to worry about? It's already 35-40% below its ATH, the ER was stellar and they upped their guidance, I think gaming and streaming will continue to grow significantly, etc., am I missing something with where this is priced?

I suspect worst case scenario with this is it hits the mid 20s upon a big market pullback but seems like a near-lock to be 40+ within a year or two. Feels about as safe as a growth stock could feel like.

Anyone have thoughts on this one?

Appreciate the feedback. Hopefully this wasn't stupid on my part.

FWIW Jan. '23 $30P most recently traded at $5.20.

Reddit is clueless

The only thing matter is the amount of people beliveing the short interest is very high. I suspect after GME which might been a legit squeeze a ton more of people FOMOd in

Expeditiously writing off Reddit as a bunch of fools would be like lump summing everyone on 2+2 as a winning poker player.

Can't understand people wanting to buy 75+% of stocks at their current prices. A nice and bloody market pullback would be most welcome.

broadly speaking equities are at a standstill, i think most people just dont give a ****

summer vibes babyyyyy

CLOV lol
and GME back at it

this market just completely broken

All this is <1% of the market.

Bought a WKHS June 18 $20 call yesterday for $95.

Sold today for $150. Retiring from meme stock trading up $55.

The market doesn't seem broken at all. So what if these people band together and bid up Clover? People trading on things other than fundamentals is as old as markets.

Until there is real market contagion risk, I don't see what the problem is.

It is impressive how many different pump and dumps can be sustained for so long.

Thats what happens when you have extra trillions floating around

No one is banding together lol.

The people at the top presumably with bot networks and/or other forms of fraud are buying stocks and then pushing them on reddit.

They literally have a thread stickied every day with "Daily popular tickers" for their pump and dumps. This won't last much longer. Presumably someone will get arrested. They are pumping a new stock every day now.

Think about how insane it is for a "Community" to have mods posting a thread essentially with stocks to buy for that day. CLOV and CLNE were both on my radar from reading wallstreetbets the prior day, but didn't actually pump until the day they got put in the "daily popular tickers" sticky.

Who's in tomorrow? CLF? Or is the timeline being shortened and its getting the full pump up today?

Another pump AHT near low of day

Fine, they aren’t banding together and the Redditors are victims. Still, don’t see how this threatens markets as long as regulators crack down on the con men.

Crude crosses 70, next stop 80-90-100?

Seems like corona concerns in Asia will hold it back for a little bit longer

XOM has had a nice move recently despite the climate activist investor takeover

Why wasn’t wish on their list though? I made a couple grand but not great for how much capital I was risking