Posted 2/7/2021
Before you go crying about “What does this company do? Where are the PRs? Fundmentals?”… We all saw what a short squeeze can do to share price.
Mirror: The Strategic Hour: Economic Bubbles and the Great Reset
Article: The GameStop Stock Saga: A Postmortem
Article - Media, PublicationsThe GameStop Stock Saga: A Postmortem
Milton Ezrati, 07 February 2021
So much has been written about GameStop stock it seems pointless to offer yet another take on its saga now. It also seems pointless to guess what motivated the Reddit crowd or why the short sellers hung on for as long as they did. All that is water over the dam, as the saying goes.
At this point, the adventure carries two important and age-old investment lessons: One is that taking part in a buying frenzy leads to at least as many losers as winners, usually more, for there are many in the Reddit crowd who enthusiastically bought at highs and have suffered significant losses. The second is that shorting is a very risky business. Both lessons should now be clear, even when seen through the tears of those who lost. What deserves attention here is that, with a few notable exceptions, the media made a hash of covering these events. Continue reading “Article: The GameStop Stock Saga: A Postmortem”
Article: In Response to “New York,” Re: GameStop
Article - MediaAuthor: Matt Taibbi / Feb 6, 2021
The Big Apple mag takes a shot at purveyors of “balefully misguided progressive discourse,” i.e. me and a few others who cheered the GameStop rally. A note in reply
https://taibbi.substack.com/p/in-response-to-new-york-re-gamestop
Article: Wall Street Wins Again As GameStop Becomes Game Over
Article - MediaAuthor: Tyler Durden / Feb 6, 2021
While the money flow “buy signal” will likely trigger next week, the market is already trading 2-standard deviations above the 40-dma. Such suggests that the upside may be more limited over the next couple of weeks.
https://www.zerohedge.com/markets/wall-street-wins-again-gamestop-becomes-game-over
Mirror: Jim Bianco-Wall Street Bets: Who’s Playing Who?
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Mirror: Krystal and Saagar: SEC to Investigate Redditors on Gamestop, Call Star User Before Congress
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Article: The Rapidly Failing EU
Article - Media, PublicationsAuthor: Tyler Durden / Feb 6, 2021
Article: GameStop Makes This a Good Time to Rewatch The Big Short
Article - Media, PublicationsAngela Watercutter / Jan 29, 2021
While, The Big Short may not help you understand the GameStop/Wall Street mess any better than you already do, the movie does offer some primers on the intricacies of financial markets.
https://www.wired.com/story/the-big-short-gamestop-meme-stock/
Article: Reddit Traders May Help Markets in Long Run, Canaccord CEO Says
Article - Media, Publications
Kevin Orland / Feb 4, 2021
Canaccord Genuity Group Inc. Chief Executive Officer Dan Daviau believes the recent turbulence seen on Wall Street by Reddit traders will not have a long term negative effect, but rather may have increased participation in the stock market.
https://au.news.yahoo.com/reddit-traders-may-help-markets-160932242.html
Article: Naked Shorting is Illegal: So How the Hell was GameStop 140% Short?
Article - Media, PublicationsAuthor: Mish Talk / Jan 30, 2021
GameStop was 140% short. Naked shorting is illegal. So how did it happen? The truth is, it happens everyday on Wall Street, because of loopholes and because of a lack of oversight.
https://www.thestreet.com/mishtalk/economics/naked-shorting-is-illegal-so-how-was-gamestop-140-short
Article: Hedge funds risk Biden-Era closing of money-laundering loophole
Article - Media, PublicationsAuthor: Kevin Lamarque / Feb 5, 2021
The US has intensified its crackdown on dirty money in recent years, requiring banks, brokerages and mutual funds to monitor clients and report suspicious activity. But investment advisers overseeing trillions of dollars in private equity and hedge funds are exempt from such rules.
Article: ‘Global Trade’ Super Bowl XX: U.S. Can’t Manufacture A Win Over China
Article - Media, Publications‘Global Trade’ Super Bowl XX: U.S. Can’t Manufacture A Win Over China
Ken Roberts, 05 February 2021
Let’s think about President Biden’s strategy on China this way.
It’s early Sunday evening. Tampa Bay quarterback Tom Brady is standing over his center, preparing to take his first snap at the start of Super Bowl LV.
As he barks his signals and glances left to right, right to left, into his vision comes a sea of more than 40 Kansas City Chief defenders scattered across the line of scrimmage rather than the customary 11. Continue reading “Article: ‘Global Trade’ Super Bowl XX: U.S. Can’t Manufacture A Win Over China”
Article: Form S-1 American Acquisition Opportunity Inc.
Article - Media, PublicationsForm S-1 American Acquisition Opportunity Inc.
EDGAR AGENTS LLC, 05 February 2021
American Acquisition Opportunity Inc. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination throughout this prospectus. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any business or industry or geographic location, we intend to focus our search on land and resource holding companies.!–more–>
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant as described in more detail in this prospectus. Only whole warrants are exercisable. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described herein. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The underwriters have a 45-day option from the date of this prospectus to purchase up to an additional 1,500,000 units to cover over-allotments, if any.
