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Showing posts from January, 2021

Opinions on GME, AMC, EXPR, NAKD, LIVE, KOSS this week

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Since the Wallstreetbets site is getting pretty crowded, we are going to use this blog as a place to store more DD.  GME - it's only a matter of time before short sellers crack. Hard to borrow rates are heavy. If you can, consider shorting low priced puts. March 19th put options strike price $20 are trading at $4. This is easy money that's pretty much guaranteed. Even if the shorts are successful in pushing down the price, there is no way they are getting it to $20 in six weeks. The best upside is buying stock. Call options are getting pricey. Another good thing is that insiders aren't sell and management isn't diluting. GME has a $100 million shelf offering out: https://www.sec.gov/Archives/edgar/data/1326380/000119312520312805/d67321d424b5.htm Even if they were to do a financing for the full $100 million, this is only around 300,000 shares at current prices. The worry of dilution is minimal here.  AMC - Don't buy AMC. They are in bed with Goldman Sachs. Read thi...

Do not buy AMC, they are in bed with Goldman Sachs. Buy LIVE instead

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Since the Wallstreetbets site is getting pretty crowded, we are going to use this blog as a place to store more DD. Don't buy AMC. They are in bed with Goldman Sachs. Read this filing from this week: https://www.sec.gov/Archives/edgar/data/1411579/000110465921006891/tm214013-1_424b5.htm So if you buy AMC, you aren't screwing hedge funds shorting the stock, you're just helping Goldman Sachs make money. AMC has 45 million shares short. Well, the financing is for 50 million shares. That means shorts don't have to cover by buying your shares at a high price, they can just buy them off of Goldman at whatever price they set. Why do you want to support a company that doesn't care about you, that just wants to get money to pay management salaries and make Goldman Sachs money? Live Ventures Incorporated (LIVE) is the next big Wallstreetbets runner. It's a mix between GME and KOSS. It has a business like GME and a float like KOSS.  This is KOSS's share stats from Yaho...

LIVE - a mix between GME and KOSS - can it run to $1,000?

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Since the Wallstreetbets site is getting pretty crowded, we are going to use this blog as a place to store more DD.  Live Ventures Incorporated (LIVE) is the next big Wallstreetbets runner. It's a mix between GME and KOSS. It has a business like GME and a float like KOSS.  This is KOSS's share stats from Yahoo: This is LIVE's share stats from Yahoo: LIVE's float is actually much less than KOSS, 1.26 million versus 3.72 million. LIVE also has more short interest, 79.52K or 6% of the float versus KOSS with 12.76K or less than 1% of the float.  LIVE owns Vintage Stock. Vintage Stock is a retailer like GameStop that sells Music, Movies, Video Games, Comic Books, Posters, Toys and Sports Cards. It has about 60 locations across the southern United States.  https://vintagestock.com/ LIVE also has really good financials, it has only an 8 PE ratio. Most companies have a PE ratio of 20 or more.  Can this one go to $1,000? Or at least $100. We think so.