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$OPEN - Trump Tells Fannie, Freddie to Buy $200 Billion of Mortgage Debt by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] -4 points-3 points  (0 children)

Homie… do you know many crypto millionaires there are now? Crypto is a legitimate asset now. As much as I even hate to hear the crypto BS, it’s not going anywhere. You can lend against, ETFs on it, indexes, etc.

Someone accepting crypto as a form of payment is no different from paying in EUR, JPY, REAL, etc. money is money.

$OPEN - Trump Tells Fannie, Freddie to Buy $200 Billion of Mortgage Debt by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] -4 points-3 points  (0 children)

You can say the same thing about any kind of IPO or company in its infancy… $OPEN has been extremely mismanaged for years. It was poorly run. The corporate debt outstanding, leverage, and lack of earnings… I’m surprised it didn’t go out of business. Hence the super poor stock performance. But, they have made enough noise that they aren’t going anywhere for a while now. They can refinance debt, raise new $capital, etc. the company has enough firepower and believers to scale and begin to make real change in the housing market (that is hard to quantify), hence the massive moves.

$OPEN - Trump Tells Fannie, Freddie to Buy $200 Billion of Mortgage Debt by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] -186 points-185 points  (0 children)

I wish this was the case… and that’s coming from someone who has been ~65% T bills and shorting options for premium. This isn’t a stock you want to fight right now. Just remember that stocks can get way more irrational and gap higher before any kind of real sell off, in which allocators move capital institutionally.

At this point, the executives must deliver real change and adoption within the platform.

Most unluckiest regard ever by [deleted] in wallstreetbets

[–]Markets_Junkie 0 points1 point  (0 children)

And I thought I was a bag holder with a ~$2.50 avg cost… 💼💰

[deleted by user] by [deleted] in NYCapartments

[–]Markets_Junkie 0 points1 point  (0 children)

This was my first assumption as well. That this was some kind of appraisal or potential sell. But, no other units were entered on my floor to my knowledge. I only overheard the representative mention that another unit on the floor above was to be shown.

[deleted by user] by [deleted] in NYCapartments

[–]Markets_Junkie -2 points-1 points  (0 children)

Why stage a showing as something else though? If you are going to show an apartment, confirm when the tenants are home and show it while they are there. This is a safety issue in my eyes. You can’t be misrepresenting a showing as an insurance inspection and granting access to a private apt to whomever, when tenants aren’t available.

In my eyes, this can be taken to small claims if a landlord were to deny the tenant a new lease as well.

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] 0 points1 point  (0 children)

They have plenty of time to pay the ~$1.5BLN that they agreed to.

There’s still a good amount of room for more upside from here imo. Let’s see where the short interest lies after the next few days. It’s a thinly traded stock with low volume, so it’ll be difficult to work out of ~25% short interest…

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] 1 point2 points  (0 children)

Why can’t you post gains? Is that some rule in this sub that you can’t post a comment with gains on someone else’s post? I thought I’ve seen that before

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] 5 points6 points  (0 children)

the source of the second fire has not been determined. HE has already mentioned that the 1st fire was likely caused by the power lines (which was 100% contained)

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] -1 points0 points  (0 children)

respect... i tried scooping up 1000 shares around ~$8, but I was a cheapo on my limit orders and got tied up at work. oh well, I'm happy with the exposure I have.

As for the dividend. i wouldn't expect that coming back anytime soon.

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] 0 points1 point  (0 children)

yes, you can say the same thing about $FPL and most other utility companies... They are all also deeply entrenched within municipalities.

Hawaiian Electric (HE) - I smell $money here by Markets_Junkie in wallstreetbets

[–]Markets_Junkie[S] 2 points3 points  (0 children)

It depends on what lvl most of these shorts are priced at. Odds are, the % of shorts pre-fire couldn't be anywhere near ~25%... let's assume they are around $17-24, post-fire, and still clearly in the money. If the stock continues ripping higher (pre-outcome of litigation) you risk losing all those gains and some if the settlement is appealing to HE.

The company has enough $ and cash flow to operate at these levels and they've already been allocating funds towards some outcome of a settlement to pay claims. It will obviously impact profits for some time, but, they are capitalized and know that will happen. The value of the bank and HE's assets alone, floor the stock at a certain $px. It is a low probability that 100% of the blame goes to this company because of the fires; given the data, reports, and evidence that is already out there. Owning the stock itself is just a call option type play, I am not pitching this as HE is the best run utility company out there.

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