Article: GameStop and AMC turn around big on Thursday as retail investors unsubtly remind Wall Street they are going nowhere

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GameStop and AMC turn around big on Thursday as retail investors unsubtly remind Wall Street they are going nowhere

Thornton McEnery, 08 July 2021

Retail traders spent Thursday morning buying the dip created by all the people digging the graves of meme stocks on Tuesday and Wednesday.

Shares of GameStop GME, -0.08% and AMC Entertainment AMC, -3.65% started the holiday-shortened week in something of a nosedive, with both falling sharply from Tuesday morning into midday Thursday before sudden potent rallies fueled by Reddit chatter and Twitter hashtags saw both stocks recover dramatically, and AMC almost erase its weekly loss entirely before falling back a bit in the afternoon. Continue reading “Article: GameStop and AMC turn around big on Thursday as retail investors unsubtly remind Wall Street they are going nowhere”

Article: Investors Psyched To Learn That Morgan Stanley Was “We Need A Naked Short”-Level Of Confident As Uber IPO Approached

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Investors Psyched To Learn That Morgan Stanley Was “We Need A Naked Short”-Level Of Confident As Uber IPO Approached

Thornton Mcenery

Dealbreaker, 14 May 2019

Uber’s appeal as a public company at this stage of its life has always been a mystery to us, yet even we are a little shocked that the bankers taking it to market were so sure it was priced to drop that they went through the trouble of building a naked short into the IPO and then sold that decision to investors as what we can only define as “Dipshit Insurance.”

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Article: David Einhorn Still Laboring Under Sad Misconception That Tesla Is Subject To Basic Logic

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David Einhorn Still Laboring Under Sad Misconception That Tesla Is Subject To Basic Logic

Thornton Mcenery

Dealbreaker, 14 January 2019

Like many in his peer group, things have been pretty rough lately for good old David Einhorn. What with losing all that client money, getting shut down on his big GM play and the Mets being sellers at the deadline, Big Dave just needs a win.

But he seems to be barking up the wrong tree with his strange Tesla obsession. See, David Einhorn is a systematic value investor who likes to look at things through a logical prism. He’s a master poker player with a long-term view of the world. He’s a billionaire who drives a Honda Odyssey.

Of course David Einhorn doesn’t understand Tesla.

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