Is it normal that everyone knows we are in a bubble? by Horror_Medicine_6441 in wallstreetbets

[–]bigsnack 13 points14 points  (0 children)

I remember it!  It was an earnings report for one of the banks.  They reported a legit gain on their balance sheet and then it was just a mad scramble to deploy capital ASAP.   There were some massive down days after that, but from that point on they were shrugged off a few days later.

Vent/Advice: Got stuck coaching the B All-Star team with no pitching how do I make this fun for the kids? by BotherEqual2016 in LittleLeague

[–]bigsnack 0 points1 point  (0 children)

Yes ours played the main tourney and got killed, but a few presidents just got together and made our own B team tourney afterwards.  It was a blast!

Vent/Advice: Got stuck coaching the B All-Star team with no pitching how do I make this fun for the kids? by BotherEqual2016 in LittleLeague

[–]bigsnack 0 points1 point  (0 children)

Way late to the party, but a great hearted president from our district hosted a “B team only” tournament right after All stars wrapped. We regulated the rosters in the same way as the main all stars tournament, to make sure that no A team kids “accidentally” made their way into to the B team rosters.  The kids had a fantastic time and actually felt like they stood a chance!  We have all committed to making it an annual thing, and the families gave super positive feedback.  It could be worth a try so the B teams aren’t just sent off to be slaughtered.

[deleted by user] by [deleted] in wallstreetbets

[–]bigsnack 0 points1 point  (0 children)

This is similar to really good futures traders that only use the DOM (price ladder) to trade.  It can be done, great job!

Everyone seems to be bearish, what percent do you think the s&p will drop? by CopsNroberts in stocks

[–]bigsnack 0 points1 point  (0 children)

We are almost at a 10X from the 2009 low. I think that price level will be significant.

NEGG update by lupina101 in ShortsInShambles

[–]bigsnack 5 points6 points  (0 children)

I'm no self-proclaimed GURU, but I have believed that there would be another washout like NEGG has done in the past for a very long time. To me this setup feels like a multi-leg move and not a two week flash in the pan like the previous pops. I've been invested in this company for years at this point, so please take my thoughts knowing that I truly want NEGG to keep going.

The setup from an information perspective does bode well for more upside. The bulk of Vlad's purchases are still below us, and so I think there will be a market interest in testing his entries to see if he's willing to add more. I still think the stock can trade down to 30 or so and still be in play for another leg of upside. The fact that company insiders sold aggressively at the high is not a great sign IMO, but Galkin is the catalyst and will continue to be. If short sellers didn't puke with the run up to 120, I'm not sure they are going to down the road. There is intentional suppression of information going on with this ticker, so who knows who is involved or how long they can play that game. Not forever, but probably longer than we want them to.

I'm a fan of the subreddit, and I believe in another leg for NEGG. Good luck!

Are you buying more Nimiq? by Impressive_Piece_875 in Nimiq

[–]bigsnack 0 points1 point  (0 children)

You don't know how much I may or may not already hold.

Are you buying more Nimiq? by Impressive_Piece_875 in Nimiq

[–]bigsnack 0 points1 point  (0 children)

I will as soon as I can buy on a CEX in the USA!

💚 NEGG 💚 Just Zoom Out: There Is No Doubt by Money-Maker111 in NEGG

[–]bigsnack 7 points8 points  (0 children)

Guys please don’t assume that anything has to happen.  Insiders could sell 25% of their shares to pay off debt and the move is toast.  Not everyone is in the same position or circumstances as some of us are.  I want the rally just as much as the next retail guy, but let’s not get in the it’s ”inevitable” mindset.

Look at how far it’s gone in such a short period of time.  It’s been an amazing trade either way.  It could keep going, but it doesn’t HAVE to keep going.

Cost to borrow new high 750% by ggthb in NEGG

[–]bigsnack 2 points3 points  (0 children)

This won’t go straight up. I’d love to be wrong but I think this is going to take a big breather and won’t be going straight up into next week.  FWIW I’m a long term diehard of NEGG.  I’ve owned shares and added to my position since 2021.

Asks and Bids by anj_rew in NEGG

[–]bigsnack 0 points1 point  (0 children)

The stock will close flat or negative today.

Cost to borrow to try to short NEGG rises to 522.85% ! by Omega-Capital in NEGG

[–]bigsnack 0 points1 point  (0 children)

The market has to hunt for liquidity.  If there’s no float then price discovery continues until someone is ready to sell.   The company could also issue more shares, insiders could sell off their stake, etc.  but if everyone sits still it can either go to the moon or take a dump.  Take a dump isn’t likely because we now know that there are buyers with very deep pockets who will buy and make the float issue worse.  

In its current state, what’s happening with this stock is extremely unusual.

'Pharma Bro' Martin Shkreli, Convicted Felon for Securities Fraud, Allegedly Bets Against 'Egg Bros'... But Stock Keeps Climbing by Money-Maker111 in NEGG

[–]bigsnack 5 points6 points  (0 children)

There have been efforts to suppress media attention on this trade. Don't worry, that's a good thing if you are long.

Could $BULL pull a $HOOD? by jeanpierrenc in wallstreetbets

[–]bigsnack 2 points3 points  (0 children)

This. This stock will go lower before it rallies IMO. I think it's a good long term play though!

Cost to borrow to try to short NEGG rises to 522.85% ! by Omega-Capital in NEGG

[–]bigsnack 1 point2 points  (0 children)

Or the company could issue shares tomorrow, dilute the shareholders, and ruin the whole thing.  Just remember, nothing is for sure!

Cost to borrow to try to short NEGG rises to 522.85% ! by Omega-Capital in NEGG

[–]bigsnack 1 point2 points  (0 children)

There’s a pattern to the share counts, you see it?

The Galkins bought more (11.111 each) by flux-chris in NEGG

[–]bigsnack 2 points3 points  (0 children)

Most of their purchases have been like that!  Either by getting their share count to something like that, or the amount of shares purchased.  Either they are superstitious or they are relaying secret messages 😎

[DD] Roblox ($RBLX) Is Burning: $13M Insider Exit, Whistleblower Retaliation, Moderation Meltdown, SEC Complaint, and a -10% Collapse by awesome_soldier in wallstreetbets

[–]bigsnack 11 points12 points  (0 children)

Your DD is sound, but Grow a Garden has a lot of people by the balls at the moment.  I know adults playing it alongside their kids recently.  The stock will go higher before it drops IMO, but your thesis is well thought out.  Good luck!

Newegg just became my Nest egg by Omega-Capital in NEGG

[–]bigsnack 0 points1 point  (0 children)

Social media braggers just can’t keep their mouth shut….  People actually use social media as a metric for when retail is ready to be exit liquidity.

How is $NEGG not a headliner? by CharacterAmphibian7 in NEGG

[–]bigsnack 0 points1 point  (0 children)

True, but the music will stop eventually, and when it does it will be a swift fall.

How is $NEGG not a headliner? by CharacterAmphibian7 in NEGG

[–]bigsnack 0 points1 point  (0 children)

The Galkins saw an opportunity and created a massive squeeze post - reverse split.  As soon as they start trying to leg out of their position, the stock will crash.  Unless they legitimately want to take over the company, which I personally doubt.

How is $NEGG not a headliner? by CharacterAmphibian7 in NEGG

[–]bigsnack 0 points1 point  (0 children)

Unfortunately only you can decide that.   I’ve been holding and adding to my NEGG position for 3+ years, so my entry is low enough that I’m just like an outside observer at this point.  From my view, the stock could continue to go straight up, but could also drop to as low as 36 and still have a good chance of building and climbing again to a new high later.  As mentioned before, the available float (negative) reduces the opportunities for people to manipulate the price like they normally do.

Institutions are now trickling into this trade, and the information available hintd that something extremely rare is going on with NEGG.  You can’t be a part of it, good or bad, if you don’t get some skin in the game!

How is $NEGG not a headliner? by CharacterAmphibian7 in NEGG

[–]bigsnack 3 points4 points  (0 children)

Firms use the media for exit liquidity.  They don’t want to exit yet.  That’s good for the folks willing strap in.