In the courtroom.
12-29-2023, 09:10 AM
#591
That/It/Thang
Joined APC: Aug 2020
Posts: 2,921
I’ll laugh when the short sellers get left holding the bag here soon enough.
12-29-2023, 09:44 AM
#592
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Yes.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
17.8M shares short as of mid-Dec. That should trigger a decent number of margin calls when this is announced. It trades thinly enough that I expect some short accounts to get wiped out on a decent price rise.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
12-29-2023, 03:55 PM
#593
Gets Weekends Off
Joined APC: Oct 2015
Posts: 433
Yes.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
17.8M shares short as of mid-Dec. That should trigger a decent number of margin calls when this is announced. It trades thinly enough that I expect some short accounts to get wiped out on a decent price rise.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
17.8M shares short as of mid-Dec. That should trigger a decent number of margin calls when this is announced. It trades thinly enough that I expect some short accounts to get wiped out on a decent price rise.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
12-29-2023, 04:22 PM
#594
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
12-29-2023, 04:28 PM
#595
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
Yes.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
17.8M shares short as of mid-Dec. That should trigger a decent number of margin calls when this is announced. It trades thinly enough that I expect some short accounts to get wiped out on a decent price rise.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
One wall street analyst I talked to at the trial - obviously short - stated that 'the Judge is wrong'. Sorry pal, the Judge isn't usually wrong, especially when case law is cited.
17.8M shares short as of mid-Dec. That should trigger a decent number of margin calls when this is announced. It trades thinly enough that I expect some short accounts to get wiped out on a decent price rise.
If it gets above 25 when the news comes out, I'll close a lot of my position and only hold a bit until merger close.
12-29-2023, 05:11 PM
#596
That/It/Thang
Joined APC: Aug 2020
Posts: 2,921
Nothing wrong with taking profits, he seems to be content on the triple and not needing to stretch it into a home run.
12-29-2023, 08:23 PM
#597
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,549
Being disciplined in your trade is one of the most fundamental aspects of trading. Know your entry and exit points, and stick to them. Andy likely lost his edge (can't blame him with how much he claims to have had one the line). But, a disciplined trader would know exactly when to buy or sell, regardless of emotion. I've missed out on money and exacerbated losses because I wasn't disciplined. Traders don't like to talk about their losses, but I'll bite. Mine was a very healthy 5-digits on a single trade in oil. Oops.... But, my best gain was 1,266% on....oil. It's very hard to take emotion out of high dollar trading, so I can't blame Andy at all...
12-29-2023, 10:13 PM
#598
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
And Cinco is correct that I sold everything after the closing arguments due to several factors (one of which he mentioned) including what I considered a poor closing performance by JBLU's legal team.
I bought back in at a higher price. I don't have a problem with that.
Bulls make money, bears make money. Pigs get slaughtered.
12-30-2023, 05:33 AM
#600
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
I would do so because of the potential for it to drag on for a while. And there are still hurdles both seen and unseen at this point.
And Cinco is correct that I sold everything after the closing arguments due to several factors (one of which he mentioned) including what I considered a poor closing performance by JBLU's legal team.
I bought back in at a higher price. I don't have a problem with that.
Bulls make money, bears make money. Pigs get slaughtered.
And Cinco is correct that I sold everything after the closing arguments due to several factors (one of which he mentioned) including what I considered a poor closing performance by JBLU's legal team.
I bought back in at a higher price. I don't have a problem with that.
Bulls make money, bears make money. Pigs get slaughtered.
As another said, being disciplined is important, and knowing your entry and exit is important. But this is a rare case of actually knowing what the final price will be, unless... And I hadn't heard a good "unless" from you after you said financing is secure and the "judge ain't wrong".
I'm wondering what you still see as viable roadblocks?
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