GBA Presents: House of Gummy-!

TrailerParkTed said:
I

bought the $65 puts for $6.80 ave, selling $11+
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You know when I said to buy those puts earlier, (and no Stoney... I didn't play it lol) ... but it was right at $74. But there was some sound reasoning behind it. Remember how high it got on the last short squeeze last year? --->$94

I have no idea why, but on stupid scam stocks, the second high squeeze is damn near always either a 68.1 or 78.6 Fib retracement bounce. This morning when it came out of the gate like it did, I pulled out my calculator and punched in 78.6% of $94... because with all the hype, I figured 78.6 was the best one to use. It comes to $74 nearly to the penny.
 
The New York Times trades at about 3X sales of ~$2.4B, with a profit of about $240MM

Last year Trump Media had sales under $5mm I think, so they are trading at 1500X revenue, and they lost $50MM last year. :rolleyes:
 
TrailerParkTed said:
Took it off $20.25-.30.
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CDLX tanked, I will take being lucky.



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Clifford Sosin buys $4.96 million in Cardlytics stock
investing-new.png


Published 03/21/2024, 07:37 PM

Updated 03/21/2024, 07:37 PM


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© Reuters.


In a recent transaction, Clifford Sosin, a significant shareholder of Cardlytics, Inc. (NASDAQ:CDLX), has increased his stake in the company by purchasing additional shares. On March 19, Sosin acquired 350,000 shares of Cardlytics at a price of $14.1601 per share, totaling approximately $4.96 million.

This purchase is notable as it reflects a substantial investment by Sosin, who, through his role as the Managing Member of CAS Investment Partners, LLC, manages investments for both Sosin Master, L.P. and CSWR Partners, L.P. According to the footnotes in the SEC filing, Sosin may be deemed to beneficially own the shares held by these entities, which collectively amount to 6,373,676 shares following this transaction.

Cardlytics, based in Atlanta, Georgia, operates within the technology sector, providing data-driven marketing solutions. The company specializes in services related to computer programming, data processing, and other technology-related fields.

Investors often monitor transactions made by significant shareholders like Sosin as they may signal confidence in the company's future prospects. The recent acquisition by Sosin is a substantial addition to his already notable holdings in Cardlytics, suggesting a strong belief in the company's value and potential growth.

Cardlytics has not made any official statements regarding this transaction, and the stock's performance will continue to be watched closely by investors and market analysts alike…”

investing.com



Yahoo News


“Tanks 35%
Cardlytics Announces Proposed Convertible Senior Notes Offering
Cardlytics, Inc.
Tue, Mar 26, 2024 at 4:13 AM PDT7 min read
In This Article:

bf48f0bdc9832518360fe592610abd71

Cardlytics, Inc.

ATLANTA, March 26, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX) (“Cardlytics”), an advertising platform in banks’ digital channels, today announced its intention to offer, subject to market and other conditions, $150.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Cardlytics also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $22.5 million aggregate principal amount of notes.
 
vanzandt said:
You know when I said to buy those puts earlier, (and no Stoney... I didn't play it lol) ... but it was right at $74. But there was some sound reasoning behind it. Remember how high it got on the last short squeeze last year? --->$94

I have no idea why, but on stupid scam stocks, the second high squeeze is damn near always either a 68.1 or 78.6 Fib retracement bounce. This morning when it came out of the gate like it did, I pulled out my calculator and punched in 78.6% of $94... because with all the hype, I figured 78.6 was the best one to use. It comes to $74 nearly to the penny.
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I threw away all my gains on Reddit chasing DJT, made it back buying the puts and long on DNUT, VERI and than shorting BA and NVDA. Popped a valium after today, dam.



If I was smart I would have bought the puts when you said and went fishing!
 
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