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

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 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. 

Comments

  1. UnknownJanuary 30, 2021 at 10:00 AM

    Lol so hate on a stock to pump another. Sounds legit

    ReplyDelete
  2. UnknownMarch 2, 2021 at 2:05 PM

    Wauu wallstreesbetsreddit.blogspot.com LooooL

    ReplyDelete

Post a Comment

Popular posts from this blog

Carvana: The Gamma Squeeze is Real, Time to Bankrupt Kerrisdale

Image
Heavily shorted Carvana Co. (CVNA) is in the middle of a squeeze. One that looks eerily similar to the beginnings of the one we saw on GME that eventually made it run to $400 and took down Melvin Capital. Once again certain market players or commentators who focus on fundamentals and who misunderstand or downplay the short squeeze thesis will only add fuel to the fire as they short the stock. Will Carvana be able to refinance its debts next year? Will it become profitable by then? Who knows, and who cares. 2024 isn't the timeline here. The timeline starts as early as June 16, 2023. Triple witching day on options. This time Kerrisdale Capital is the target. The firm is in a desperate spot because the last short call it made was C3.ai, Inc. (AI). AI is in the middle of its own short squeeze and has nearly doubled into $40's since Kerrisdale tried taking it down: The AI report is still featured alongside on the CVNA one on Kerrisdale's website , so we can assume this position
Read more

The Two Best Biotech Short Squeeze Candidates And The Next Carvana

Image
With the market having recovered most of its recent drop to be near all-time highs once again, shorts have been destroyed and are in a desperate spot. Heavily shorted stocks like B. Riley Financial, Inc. (RILY), Globe Life Inc. (GL) and Carvana Co. (CVNA) have been on absolute tears. We have written about CVNA before , as well as the impact of CVNA's move on Root , Inc. (ROOT). When a stock is squeezing like CVNA, a related stock like ROOT will follow suit. Shorts are often shorting multiple related stocks. Most don't even hide it with Kerrisdale openly bragging about its poor track record. GL was another one that was attacked by shorts which we talked about as a gamma squeeze candidate that has worked out very well over the past three weeks.  In this market of short squeezes, we have identified two excellent biotech short squeeze candidates, ImmunityBio, Inc. (IBRX) and Soleno Therapeutics, Inc. (SLNO). IBRX is starting up the production and sale of its cancer drug ANKTIVA. S
Read more

The Next NVDA-Backed Runner and New Asian IPO Squeeze Play

Image
We have seen stocks like Super Micro Computer, Inc. (SMCI) and SoundHound AI, Inc. (SOUN) have incredible squeeze runs thanks to their connection to NVIDIA Corporation (NVDA). We think the next one will be Spire Global, Inc. (SPIR), which popped a week ago after it announced a collaboration with NVDA to enhance AI-driven weather prediction. A few day later it dropped on the announcement of a financing at $14, with the potential to raise $61 million if warrants at $14.50 are exercised. We think there is a good chance that NVDA got in on this financing, as it tends to invest in the companies it does these deals with when spreading AI across different sectors. One such recent example was with Recursion Pharmaceuticals, Inc. (RXRX) for AI in drug development.  It looks like SPIR didn't really need this financing as it has enough cash and looks like it will be cash flow and net income positive in 2024. This financing was of a strategic nature, not something led by brokers to fund a com
Read more