GBA Presents: RADIO SAVANT-!

vanzandt said:
You were the first to mention this? :rolleyes:
Dude... whatever... it's like your "I broke the scoop" on the Ukranian drone at the Kremlin. An hour and 30 minutes after it was on the homepage of RT.

That's all they were talking about last week.

EDIT: here, a quick search of Google and here's the 1st result I saw... a letter from the aba on 5/4.
GS was screaming about it the weekend before. :banghead::banghead:


Letter to the SEC Regarding Banking Industry

From Rob Nichols
Published May 4, 2023

Dear Chair Gensler:

The American Bankers Association (ABA) is writing on behalf of the U.S. banking sector, as we are keenly focused on the aftermath of the recent bank failures and the side effects being felt within the rest of the industry and the U.S. economy. Though ABA believes that government actions immediately following the failures did much to restore market confidence and to preserve financial stability, further action to reassure the markets is appropriate, and the SEC has an important role in providing that reassurance.

Since the two bank failures in March, some of our members have experienced significant short sales of their publicly traded equity securities that do not appear to reflect the issuers’ financial status or general industry conditions – indeed, short sales have followed relatively favorable earnings reports from some of the banks in question and from peer institutions. We have also observed extensive social media engagement about the health of various banks and the sector generally that appears disconnected from the underlying financial realities. We urge the SEC to investigate this behavior.

ABA recognizes that short selling can be a legitimate and important financial tool. Legitimate short selling can operate as a mechanism for generating market liquidity, securing price discovery, and facilitating important risk management activities. ABA is, however, unalterably opposed to short selling practices that distort the markets through manipulation and abuse. We urge the SEC to consider all its existing tools and to take measures to reduce the avenues for abusive trading practices and restore investor confidence. These measures include, at a minimum, a clear message and appropriate enforcement actions against market manipulation and other abusive short selling practices. Since short selling restrictions were relaxed in 2007, the importance to the markets of such enforcement has only increased. The harm caused by short selling that runs counter to economic fundamentals ultimately falls on small investors, who see value destroyed by others’ predatory behavior.

ABA recognizes that the market events of the recent few weeks have been trying for the industry, investors, and regulators, and that the SEC does much to address abusive, market-distorting short
campaigns. Given the potential for damage to the interests of the broad investor community and to the perceived health of banks that are the targets of short selling, this is a time for those efforts to be reinforced and publicly highlighted.

Thank you very much for your prompt attention to this important matter. Please do not hesitate to contact me if you would like to discuss.

Sincerely,

Rob Nichols
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This entire letter sounds like a plea from Rob Nichols...

Translated...

"My friends and I are getting creamed in our stock holdings of the banks we are involved with, which are a great deal of our net worth. Please make it so that our stocks can no longer go down. We're losing millions every day.

Kthxbye.

Rob Nichols"
 
Fluence Energy price target raised to $30 from $27 at Baird 07:04 FLNC Baird analyst George… Story temporarily locked. To read stories as they happen please subscribe, Show Related Items >> Fluence Energy price target raised to $34 from $31 at Canaccord » 06:43 FLNC Canaccord raised the…
 
stonedinvestor said:
Interesting chart for Janus -- I thought it was the brokerage house! it's storage an area I like...

and it's got a double bottom at $9 and it looks to me like it's going to $10.90>>

JBI Janus International Group, Inc.

$9.56 0.15 (+1.59%)4:00 PM 05/10/23
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STOCK OF THE DAY-!!!!!

Janus International Group named a new 'Top Pick' at Benchmark » 07:08 JBI
 
stonedinvestor said:
NFLX--

I was hoping for a large down open over the headlines that the writers have gone on strike.
That does not appear to be happening. So we will have to play this carefuly.

My one problem with the trade is that the very income from streaming that someone like NFLX might have to pay to writers-- that could go up.

Fascinating fact i dug up-- AI is in the strike. " What does AI think of workers strikning?..."

Artificial intelligence (AI) is another issue at the bargaining table.

The WGA wants safeguards to prevent studios from using AI to generate new scripts from writers' previous work. Writers also want to ensure they are not asked to rewrite draft scripts created by AI.

With a potential strike looming, production already had ground to a halt in Los Angeles. Film LA, which issues permits for filming in Los Angeles, said it had no shoots for scripted shows scheduled for Tuesday or the rest of the week.

If the work stoppage becomes protracted, the networks will increasingly fill their programming lineups with unscripted reality shows, news magazines and reruns. It also could lead to a delay of the fall TV season. Writing for fall shows normally starts in May or June.

Netflix may be insulated from any immediate impact-- that's the fact.
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TRADES THAT ARE TOO EASY MAKE ME NERVOUS..... I TOLD OUR READERS TO BUY NFLX AFTER THE WRITERS WENT ON STRIKE.

$319------------->$344 AND NOW EVERYONE LIKES IT.... THIS IS VERY TOUGH CALL....
I BELIEVE MY TA SAID $360./

Netflix, Inc. (NFLX)
NasdaqGS - NasdaqGS Real Time Price.
344.76+9.34 (+2.78%)
At close: May 11 04:00PM EDT
 
I've been looking at gambling stocks- Penn Entertainment it's a shit show of a chart.
Apparently that guy Portnoy tweeted he bought $2 mil worth who knows if he's telling the truth.
This Barstool has been a real bad investment for Penn...

And Yikes Bally whatever happened here-- it looks like it's going out of business with that chart ... and they are opening a new casino in Chicago?

Genius Sports the stat guys... Sportrader....
 
Crescent Point energy-

Is Canadian. There have been wildfires in Alberta that probably hurt earn. CPG had to shut down a pump facility./ They report this month... they have a large purchase or two they are digesting and I think they emerge a better company. Extremely proud of my boy that he did research on stocks and came back to me with:

PENN

STZ

CPG<- Crescent point Energy.

A chip off the ole' block?
 
stonedinvestor said:
TRADES THAT ARE TOO EASY MAKE ME NERVOUS..... I TOLD OUR READERS TO BUY NFLX AFTER THE WRITERS WENT ON STRIKE.

$319------------->$344 AND NOW EVERYONE LIKES IT.... THIS IS VERY TOUGH CALL....
I BELIEVE MY TA SAID $360./

Netflix, Inc. (NFLX)
NasdaqGS - NasdaqGS Real Time Price.
344.76+9.34 (+2.78%)
At close: May 11 04:00PM EDT
More...
You told us to buy it at $330.
It's up 2.5% with the market.
When it dropped to $319 you called it again. :rolleyes:
 
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