Buy SPWR and short SCTY free money i think in both. SCTY is now at 60% higher market cap. dumb. Look how small SCTY business is compared to SPWR.
Tier one firm goes from $11.20 to $13.30
RBC goes from $16 to $19 maintains sector perform
Lazard goes to $26 from $20.
I've got the entire market falling big on Wed on my charts.
And for a losing money quarter investors want to pay up 60% for the stock? This is lunacy. I believe a strong case for $60 can be made. Maybe $70 given the possible birth of a new brand. But anything more than that is dumb. If they sell 100,000 cares they could maybe make $4/share after tax. That is many years out. Put a 20 multiple on it which would be high for a car company, and you get $80 some day in future. #$%$???
SCTY will be lucky to hold $32 tomorrow.
streatdotcom article squeeze was why it was up. But now we see they have nothing. Only reason why these stocks are going up is because all the shorts are squeezed in everything as the market keeps drifting up for no apparent reason. 15,000 extra resturaunt jobs and the s&p is up another 40 handles. Does that make sense?
doesn't seem that great.
And CVI holding up 20% strong. Look at DK, WNR, HFC. All a disaster last 3 days. TSO PSX MPC VLO not quite as bad, but gave back half their rally. I guess they like CVI secret sauce right now.
First, 500,000 shares is nothing. I trade 50k shares of PHM from time to time and currently have such a position and I'm just a small millionaire and not a billionaire. LOL. 2nd, the fund could be short stock or other housing names against his call position at any time. So it is meaningless completely these disclosures. They shouldn't even make the news.
It is a decent buy for long term. It had double digit PE then, Now pe is mid single digits and dividend yield moving up quickly. Well above market dividend yield now.