"FEC suspends [nothing] due to questionable social media activity"
A simple search on pushshift is enough to show that their auto mod wasn’t quick enough at all.
Bebida Beverage Co. (BBDA);
Blue Sphere Corporation (BLSP);
Ehouse Global Inc. (EHOS);
Eventure Interactive Inc. (EVTI);
Eyes on the Go Inc. (AXCG);
Green Energy Enterprises Inc. (GYOG);
Helix Wind Corp. (HLXW);
International Power Group Ltd. (IPWG);
Marani Brands Inc. (MRIB);
MediaTechnics Corp. (MEDT);
Net Talk.com Inc. (NTLK);
Patten Energy Solutions Group Inc. (PTTN);
PTA Holdings Inc. (PTAH);
Universal Apparel & Textile Company (DKGR);
Wisdom Homes of America Inc. (WOFA).
The SEC also recently issued orders temporarily suspending trading in:
Bangi Inc. (BNGI);
Sylios Corp. (UNGS);
Marathon Group Corp. (PDPR);
Affinity Beverage Group Inc. (ABVG);
All Grade Mining Inc. (HYII);
SpectraScience Inc. (SCIE).
The price has been a solid $0.00 for over six years. 100% worthless
Then a few days ago it suddenly jumps to $0.0013
Sounds like the SEC have found a bunch of social media accounts in the early stage of doing a classic Pump & Dump on worthless penny stocks. Nothing at all to do with WSB
That's 90% of WSB, seeing a ticker and rocket emoji and YOLOing into the latest stock because someone said it was going up. Why is this different?
And these are OTC, pink slip stocks. Most major brokerages don't carry them and people who trade them know they're investing in distressed companies with low liquidity.
Sure, go after the pump & dumpers, but it's not clear what the criteria is for halting trading on a stock.
Risk is inherent in any investment. Don't invest what you're not willing to lose because you could lose everything. Your investment can always go to 0, wether it's in stocks, bonds, real estate or a business. And don't invest in what you don't understand.
Is it like making link farms to game Google but in this case they are gaming the stock market?
If so, the issue is the algorithm.
If that's the case, good.
https://redditsearch.io/?term=Ehos%20&dataviz=false&aggs=fal...
Not only but if you search reddit for these stock tickers you'll see very little other than the suspension notice. Take HLXW for instance - 1 mention in the past year. (https://old.reddit.com/search?q=HLXW&restrict_sr=&sort=relev...)
The exceptions to this are PTTN & BLSP, which both have some low vote count posts - but there's always some brigade trying to pump something on reddit, why not the 100 or so other tickers as well?
PTTN and BLSP for instance, is listed amongst 'IGEN HPST GRNF IPNFF VMNT RNWF SHMN ZNOG COUV VISM CBBT BRTX ISWH TSNP ENZC PUGE ATVK BRLL NECA OPTI GMEV TTCM PMPG TSPG OZSC FORW BLSP GTLL PTTN VPER AGGI CTLE BLDV NWTT PVDG UATG MICT RSSV PPBT AKBA DSGT GRCV NAKD ACB ALPP BLSP GM TRUP' in 2 posts, what about the others? - feel free to cross-compare the list btw, I did. Those are the only 2 crossovers. A direct link to the hype post: https://old.reddit.com/user/pennystockguyz/comments/lf8zhg/h...
The claim of 'the latest in a string of temporary trading halts amid volatile trading in so-called “meme stocks.”' needs more information. Does the SEC have some criteria that doesn't include reddit (for instance, some scammer paying for facebook ads to unsavvy investors claiming "HLXW is the next gamestop")?
The SEC in https://www.sec.gov/litigation/suspensions/2021/34-91213.pdf uses the words "certain social media accounts may be engaged in a coordinated attempt to artificially influence their share prices." alright, let's take it on good faith. It's not happening on reddit. Somewhere else maybe?
The only thing I can find is on twitter. The political class likes to pretend people care about twitter wayy more than they actually do. If you look for say, HLXW and let's just pick PTTN https://twitter.com/search?q=HLXW%20PTTN&src=typed_query&f=l... and scroll scroll scroll you'll see a few mentions, is that it? Things like this? https://twitter.com/AlexDelarge6553/status/13605979641719808... ... there's our IPWG, MRIB, BBDA and EVTI, we have 6 matches in that post. If this was a source, what about the others 16 in that list? Even if it's some incompetent DC person impressed by 24 retweets, it's still only a 27% crossover.
Is it this And weird trading patterns? Do they have some undisclosed tripwire model with conditions (say, some X trading pattern followed by some Y "influence metric" followed by some Z pattern?). And if this exists, shouldn't there be some disclosure so that innocent investors know what to avoid and when to divest? I always check reddit before I invest to make sure there's not some hypetrain bubble behind the security.
Also there's real people behind all these companies who, I assume, are just trying to do an honest job of overseeing waste management facilities or whatever these companies do. I'm sure they don't appreciate scammers playing around with their stock and getting it suspended and thus probably scaring off their actual investors.
Whatever it is, this isn't the full story.
What in that headline implies anything about Gamestop?
You can suspend them if insiders have suspicious social media behavior.
very easy to do a "pump and dump" scheme especially in the digital or social media age
This isn't NYSE or NASDAQ. Not all retail brokerages support OTC markets although it's become much more common in the past year or two. Even then it's usually partial support. Here's the instrument list https://www.otcmarkets.com/corporate-services/company-direct...
They've been generally discouraged (and thus not supported) for retail investors due to their complexity and risks, similar to derivatives and futures, which are still quite exotic to find in retail brokerages
You can also get foreign stocks over the counter (select by country from the link above). There's an ADR 30 similar to the DJIA index. You've likely heard of many of them https://en.m.wikipedia.org/wiki/OTCM_QX_ADR_30_Index . You can say, invest in Lenovo or Fujitsu via OTC. It's not everything, but it's the ones people are generally interested in.
It's exotic because if Lenovo doesn't move but say the Yuan does, then your dollar value does too. Also there's different fee schedules often for foreign investors (that's you here), etc. The complexity tries to be smoothed out by the brokerages (firstrade has offered otc since 2010, recommended if you want to give OTC a try* ) but it's not as simple as buying a bit of General Motors
And lastly, some, like Taiwan Liposome Company (TLC), get traded on NASDAQ using ADR schemes (https://www.investopedia.com/terms/a/adr.asp)
* - shameless signup referral for a free stock: https://share.firstrade.com/CHRISTOPHVR08 ... If you were going to try it anyways, might as well
I am a mod on r/WallStreetBets and wanted to share with you that our bots haven't seen any of the tickers mentioned in the SEC press release.
We filter tickers based on a number of factors, but low market cap (below $1B), is the most common reason for content being removed.
One of our biggest issues is data reliability. If you know of an API that can provide accurate data and an exhaustive list of tickers (especially on non-US exchanges), please reach out to our modmail. [0]
Best,
OIP
[0] https://www.reddit.com/message/compose?to=%2Fr%2Fwallstreetb...
Also check the previous years, they appear to be archived static pages as opposed to say a database query populating a template - really makes me wonder how this site is built.
Now I understand why Dr evil from Austin powers ran a corporation.
There are countless examples. I have an LLC. Self employed. People making minimum wage are getting $1.4k checks. The single owner LLC's (with max'ed out payroll capped at $100k), through PPP single owner LLCs get maxiumum $20.83k. It's never been more clear to me the slant to trusting corps over people. Also my business allows me to write off way more than a typical American Citizen.
My recommendation: equality with corps will be a near-impossible fight for someone like me, so all US citizens should have a personal business even if it is only making paper losses.
This just seems like worries that the villagers are figuring out ways to band together and the rulers are scared.
Still, the consequence may be that the social media activity moves to venues that the SEC can't observe as easily.
In that case... good! The whole point of a pump & dump is that you get other people to bump the price for you, then you sell, and leave everyone else holding the bag. If they can't do it on social media, then they can't do it at all. It's not like selling drugs where people are going to move to some kind of black market for stock tips. It's just not going to be out there, so people won't fall for it because it won't exist anymore. Mission accomplished in my opinion.
Unless you plan to run a pump & dump scheme through Twitter/Facebook DMs?
I don’t know what the fed’s objective is anymore (actually ever), but a successful nation is one in which people are not concerned with finances at all, except that they put their minds and hands to socially-positive activity. Now our savings account is an endless gamble on stocks. Might as well be sports betting; that’s at least a lot more transparent.
I don’t want to put 10 seconds a year into thoughts about finances, taxes, housing costs, inflation, deflation, interest rates, stocks, bonds, Bitcoin, or whatever. But their policies are forcing me and so many other people to put our whole lives into it. It’s probably 80% of the economy right now, totally wasted on a few people’s failed theories about macroeconomics, the same people over and over again, covering for their mistakes with new failing theories and policies. Unfortunately we can’t just write it down mathematically, program it into a computer, release source, and be done with it. No; it’s based on their personal feelings at any given moment. Oh and by the way, it all just so happens to make them and their families and friends and business and religious associates impossibly wealthy. Must be because they “understand” more than we do. Sure.
I wonder if they ever think, “hey, maybe if we want less financial manipulation, we should stop doing it ourselves.” (Not the SEC; they just react.)
You should not be an investor. You should save until you have everything you’ll ever need, and then invest in things you know about, and only because the money is going toward something productive and socially-valuable, as in the society that you, individually, want to live in. This is the most powerful form of voting. Index funds don’t solve the problem. That’s just paying someone else to steal your vote.
If you denounce the stock at the same time as you sell it, you are also fine.
If you promote-and-sell* or denounce-and-buy, the SEC will be contacting you for assistance in their ongoing investigation.
*pump-and-dump
I’m long AMC sub $10 :p
How so? Pre-pandemic AMC was at $7 per share, which might seem reasonable compared to the current $8 share price until you realize they diluted their shares by more than 3X during the pandemic via ATM offerings.
For AMC's current valuation to match pre-pandemic levels, the share price would have to fall by ~75%.
I do think the coronavirus lockdown might have created more people that found they didn't miss the theater than those that did. And it also opened up faster to video channels that might be difficult to take back.
Every investor Should be aware of the risk that they could lose everything and that markets, whether we like it or not, are manipulateable.
Let them run wild.
Every generation thinks they invented scams.
Happy to discover I’m not understanding the situation, but that seems absolutely bonkers to me. Does Reddit not have any lawyers?
Yes, Reddit would have other options of course. But they all cost money, so they wouldn't do it. Spez would just nuke WSB and move on with his day, secure in the belief that he saved Reddit from an SEC fine or whatever.
Reddit's lawyers are probably the reason why it's framed as Reddit hosting "a community" whose users can have moderation ability instead of framing them as "Reddit moderators", RE: https://en.wikipedia.org/wiki/AOL_Community_Leader_Program#D...
IE, the "look how much reddit is exploiting these people" implication is unwarranted.
I'm only fetching US and Canadian stocks from iexcloud and I've got around 24k of those. It's possible to fetch stocks from other countries but it seems most companies mentioned on Reddit are listed in a US exchange anyway.
For example
Subject: AAPL is awesome
Message: Generalizing My Equations in a very interesting way ...
When the mods catch on this and write bots to deal with it, we invent a new language. It's faster to invent codes than for mods to write bots so they can never keep up.
To your point, a "secret language" is only useful if it can evade detection and remain in use.
The former is difficult because moderators spend an inordinate amount of time perusing the subreddit.
The latter requires a sufficiently large "speaker base" in order for messages not to go unnoticed, discouraging speakers. This can be solved by making the "secret language" more accessible (that is, more obvious to new "speakers", but also mods) or by sharing the keys to the language through other channels (which, to some extent, defeats the point of using the subreddit).
What tends to happen more often is users using emojis to bypass filters. E.g. CC $eye_emoji V to represent CCIV, or the SOS emoji to represent SOS. Another strategy is obfuscating the message with interspersed noise, E.g. "A-,-A---P,,,L".
Generally speaking, these have the same pitfalls as mentioned above and are caught quickly.
If it's illegal, say a company or investor in that company created a bunch of social media bots to convince others to buy into the companies stock - then they'll get to hire a lawyer and go to court, get fined, etc.
Algo amplification of content needs a timeout and a redesign.
Just look at HN. No one knows what will show up tomorrow morning. No one knows whether it will waste their time or be useful. Yet everyone shows up to consume the stream. And Like the SEC the mods have to react and counter react to what ever the hell happens.
If a simple HN algo amplification model has no roadmap to improvement cause no one really knows what to do about it, then to expect a roadmap to emerge in much more complex environments like Reddit, YouTube, Twitter, FB etc is delusional.
Therefore to prevent the constant periodic randomness injection into society that algo amplification of content produces, all algo amplification of all type of content should be put on hold.
The SEC and the regulatory complex as a whole is more generally concerned with market integrity.
Statements like "social media attempts to artificially inflate their stock price" sound quite solid but is actually a nightmare to define directly. But, working definitions and action-inducers are usually related to market integrity issues.
After that you should be able to buy a lootbox of stocks and receive fragments of penny stocks for watching videos.
Do we really need the extra steps?
It’s the biggest misconception of this entire meme stock phenomenon.
It's not so much different that people banding together to pump a stock.
EDIT: I don't defend GME, imo it is a pump and dump. But how can SEC can regulate equally for this specific issue?
The definition of "pump & dump" is to make false or misleading statements in order to get the price to go up, so that you can sell. It is not free market activity; it is fraud.
"In economics, a free market is a system in which the prices for goods and services are self-regulated by the open market and by consumers. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority"
If you outlaw pump and dump scams, it's not a free market. I tend towards favoring less government rather than more, but I wouldn't invest in stocks in any sort of free market environment.
The “pump” is the action of fraudulently inducing someone to buy the security which is against the law.
It's a members only group, where a leader will pick a stock that the whole group will buy. Then at an agreed time, the whole group will hype the stock on (slightly more) public social media. If they hype it correctly, everyone sells at a profit after a fixed hold period.
These groups might have a secret (or semi-secret) inner circle who get to see the decision before the main group. These people are able to profit from the main group even if the pump phase fails.
It's possible the SEC has infiltrated one (or more) of these groups. Or they are are simply looking for trading patterns in dead penny stocks.
There are plenty people who invest in pump&dump schemes fully knowing that it's a pump and dump. Because it's still possible to profit if you can predict the length of the pump and sell before the main dump.
Algorithms are really just a digital manifestation of group psychology. The same thing happens in a run on a bank, or a Tulip bubble. Word spreads and others follow.
> You can't suspend stocks because outsiders have suspicious social media behavior lol
That is exactly what is happening right now, you realize? They are suspending them because of possible P&D schemes run by outsiders to those companies.
Most of that time that just means a slightly longer disclaimer, or the timing of a transaction, or not talking about your awareness of a specific regulatory nuance
s/twitter/newspaper/g
s/dm/letter/g
On private markets, knock yourself out.
Poker doesn’t have pre defined odds of winning but it is still gambling, you can have the same thing with stocks. Or like sports betting maybe?
With the lootboxes, it’s easy: Simply give the chance of the stocks that might be in the box.
The rules are still there for the companies’ obligations.
Add betting transparency rules to the mix, like exchanges must provide real time dashboard showing all the bets all the time. No more mystery on who bets on what, are short positions closed etc.
Of the short positions, what percent do you believe are from retail traders?
That's the line of questioning that you have to answer for yourself. Might help if you stopped using hyperlinks as a surrogate for reasoning.
I'm not going to be around forever, you need to start figuring these things out for yourself.
There some sells at the minimum price of $0.0001. But nobody is actually buying them. There is no room in the order book for buys. No trading is taking place.
Some stock APIs report this as $0.00, others report it as $0.0001. Both views are correct, you could buy some shares shares at $0.0001, but you can't sell any.
So you could come in, place a bid at 0.025 and the updated OB would be like 0.025x1/0.05x25. If there's any autoquoters from the adversaries, then ok immediately they might throw some more offers up at like 0.045x100, since the interpretation of some bids coming in means that they can fill the orders at the tighter spread
If it could be purchased for $0, only the first stock would cost $0, and the price would then rise, but how would we calculate the price increase for a stock purchased at $0 that is now worth $0.1? So that's not it.
If it were not for sale, why would it be listed?
I think it's the third, and I'd further guess that any bid for the stock will be accepted, thus setting the price.
In case it’s not clear: I only know the price is what I pay for it. I don’t fully understand where it comes from.
Most prices we see on tickers are the lowest asks, I believe.
Sadly for me I had it on deck as my next pandemic-recovery bet in January, waffled for a few days, and then those nutjobs at WSB ruined my plans.
I beg to differ. AMC has nearly tripled their share count during the pandemic via ATM offerings. So, an $8 share price now is not the same as it was pre-pandemic. AMC's valuation now is 3x higher than pre-pandemic, which is indeed, insane, considering the state of their business.
Source: https://ycharts.com/companies/AMC/shares_outstanding
Because I was young and stupid and once I'd accepted the board seat I refused to quit just because I'd go broke. I eventually (after a couple of years) got my expenses back, but not my time or stock losses.
Edit: I haven't thought about this in awhile, so some things popped back, and this part sounds a little emotion-seeking. After I put out a press release about me taking the CEO position and the situation, I got a phone call from what was obviously a very old lady with difficulty speaking. She told me how her broker had encouraged her to invest in the stock, and that it was all she had. I was able to get the SEC to give me a printout (on wide perforated line printer paper, for those that remember that era), and there her name was, with near a million dollars lost. I felt really bad for her, and I had energy and an overprotective nature not yet beaten out of me at that point. Hence the adventure, but with minimal success, other than the jail time for the former CEO. I did get a nice piece of blown glass artwork as a "thank you for the effort" that I quite treasure from an artist famous at the time for making White House Christmas decorations - it sits in my home office.
Hey, saying that out loud, it sounds like maybe you’d be interested in a random penny stock I heard good things about!
I tried quick searching for "award usage per subreddit stats" but can't find anything.
It’s more arbitrary and poorly due processed than Google,PayPal,FB etc.
Because someone at the SEC can't use their home connection? Or their cell phone?
Also, there's not exactly a list of SEC IP addresses anywhere I'm aware of, and they could easily add/remove addresses at will.
They were primarily setup to avoid another great depression. They are operating under the assumption that the great depression was caused by a general loss of confidence in the stock market (and other types of investments) and that if they insure confidence, it will never happen again.
They don't really care if an individual investor loses money.
But pump&dump schemes prey on inexperienced noob investors and are very effective at pulling all their money away to experienced pump&dumpers. The SCE are worried that many noobs will experience such a scam and decide that investing isn't for them. This deprives the sock market of funds which the SEC considers bad.
As for GME and WSB... well the SEC are in a bit of a tough spot.
In general the SEC wants the stock price to match reality, and WSB's short-squeezes are clearly violating that. But if the SEC does anything to drive the share price back to normality then it looks like they are siding with big hedge funds and that really reduces the confidence of retail investors.
I suspect they might eventually enforce a technical solution which provides live updates to the current status short positions. Such updates will mean that short squeezes can operate on the actual intelligence of short positions, rather than the wild speculation they are currently operating on. On the flip side, shorters will use the live updates to know when they are at risk of a short squeese.
I’m sure this is true for a minority of participants in the stock market, and I’m sure this is true for a minority of retail investors.
I don’t believe for a second that this is true for a majority of retail money in the market. Most people care very much about losing money.
Just because there’s a bunch of noisy people making news about YOLOing their savings away, doesn’t mean they’re the majority. They’re just noisy and newsworthy.
Well, that's the official goal.
In practice, public choice theory suggests some additional motivations.
That said, having read WSB for the last few weeks as someone who's actually versed in trading and finance, it was like reading a nutrition forum where people told each other how delicious and healthy lead is and how they couldn't wait to eat more of it (if only they weren't feeling so sick.)
So IF there's room in our society for the government prohibiting lead in the food because yes, plenty of people are that stupid, there's something here - though I think these people would find some other stupid thing to lose their last dollar on.
I'd say WSB encourages highly volatile, short-term investments. For most people that's bad advice. For others, they'd much rather be broke or a millionaire than wait 40 years for their savings to steadily accumulate into a reasonable nest egg.
2008 is about mortgages given to people who didn’t even have the money to rent a house, with a variable interest based on market conditions.
GMS is about a hedge fund (a fund who uses market volatility to extract value, i.e. not producing value, just taking it from other investors), getting short-squeezed because they are immensely unpopular with the mass of the citizen, due to their shady business practices, and those citizen don’t care about taking money since it is about taking revenge. The desired outcome is that hedge funds cease business, and sticking it to perceived wealthy people, hoping to make the business of hedge funds unreliable and risky. One should wonder whether the SEC shouldn’t weigh on the consumer side and make stock markets atteactive to the lowly again. Otherwise stock markets are just an exclusive tools to make the rich richer again (not that I mind — I ended up in the rich side, but wealth is clearly not correctly distributed).
I’m not a fan of this practice but investing in an arbitrage fund or hedge fund is for wealthy companies/individuals who can afford to lose money or win big; It is an entirely separate market from index funds with long-term investors expecting AAA reliability.
WSB bans discussions, even mentions (by autobot) of pennystocks and crypto coins.
The rules didn't say that the limit was $1B in September,[2] that was only added later.[1]
[0]: https://www.macrotrends.net/stocks/charts/GME/gamestop/marke...
[1]: https://www.reddit.com/r/wallstreetbets/about/rules
[2]: https://web.archive.org/web/20200912192940/https://www.reddi...
>any other worthless securities that are susceptible to scams or pump & dump schemes.
As for GME, Penny stock designation technically requires that the stock not trade on a major exchange. GME was never de-listed.
Also, being a sub member since 2014 - pennystocks were always frowned upon.
[0] https://www.doc.ic.ac.uk/~livshits/papers/tr/pump_and_dump_t...
Not so secret in terms of getting new members!
Tell me if you find anything
If the SEC says there's strange social media activity, I'll take it at face value. They're the SEC and these are dead companies, not really unexpected they'd be halted at some point
I'm just pointing out that there are less discoverable places that are pumping stocks right now
So doesn't that essentially mean that at the point of measurement—that is, a trade occurring—the price is both lowest ask and highest bid?
Instantaneously afterward, the highest remaining bid will be below the lowest ask.
When anyone talks about "the price" of a stock it is an approximation of some sort. Probably they mean the last traded price; maybe the midpoint (bid+ask)/2; maybe the symbol is in the middle of an auction and they mean the auction clearing price.
The groupthink levels are enormous and frankly terrifying
If the ATM offering is priced at the current share price, and the company plans to just sit on the cash that it raises, the share price won't move much. Reason being: even though your shares are diluted, the company's total valuation increases (bc of the extra cash it just raised). Smaller piece of a larger pie == same value.
However, AMC's offering was far from this ideal scenario. Instead of sitting on the cash raised, they're burning through all the cash they're raising just to keep the lights on. So, shareholders experienced dilution without any increase in company value. In a sane market, you'd expect share price to decrease by the dilution percentage. The fact that this hasn't happened (combined with the fact Cinemark's share price is still half of its pre-pandemic levels) should worry anyone with a long position.
It’s in the same class as any tech ipo imho.
This gives some insight on where the company was at pre-pandemic:
https://www.hollywoodreporter.com/news/amc-theatres-quarterl...
But in general, I think there’s good evidence that non-box office releases depress overall revenue (Mulan). Big studios want to be in theaters.
It’s not in the movie industry’s interest to let AMC fall, and AMC and all the pandemic hit industries are going to have to run a lean business to overcome the debt. In the above article AMC said they didn’t want to run ads (non-trailer) before the movie - well, now they will have to. There’s a lot they can do.
They seem like obvious plays to me.
I do buy this.
> It’s not in the movie industry’s interest to let AMC fall.
But, I don't buy this. AMC going bankrupt doesn't mean theaters go away. In all likelihood, AMC would live on as a new corporation after paying out creditors in the bankruptcy process.
An AMC bankruptcy actually seems like a best case scenario for the movie industry. After relieving itself of debt, AMC can afford to lower prices (due to a lower cost structure). And, lower prices means more ticket sales and more studio revenue.
> In the above article AMC said they didn’t want to run ads (non-trailer) before the movie. There’s a lot they can do.
Definitely agree here, but all these opportunities existed prior to the pandemic. So, I'm wondering how you can justify the appreciation in valuation over this period. Was AMC just severely underpriced prior to COVID?
Or, you know, companies that want to hedge. This idea that hedge funds are pure evil is getting a bit old, should we all cancel all insurance?
Why? Aren't they useless?
https://www.forbes.com/sites/mitchelltuchman/2013/07/18/hedg...
Pre-pandemic there was little reason to put AMC in the same field of view as other growth stocks. It was visible along a completely different angle, that of a ‘declining industry, streaming will eat it’s lunch’. That’s where people crunched the numbers.
It’s been realigned with beaten up stocks now, and positioned in the same field of view of ‘recovery’. In fact, I’d also say it’s positioned now to answer the question of ‘Will steaming kill the movie theater?’. If they can survive a pandemic and regain attendance, then we get some serious answers about this business versus the one dimensional view of Netflix/Amazon just eradicating them pre-Covid.
In short, fundamentals don’t mean much for this stock right now. It’s set up to answer bigger questions. Will people go back to movies? Will people travel? Is remote working here to stay? We can’t crunch numbers for questions like this yet.
So I think it’s good to trade on sentiment right now and once we have answers about where things stand after the shuffle, we can go ahead and evaluate it’s exact price.
BUT, all bets must go in now. The sentiment will be priced in well before we ever get to their first real earnings report in the post pandemic world.
what is the difference between total freedom and total anarchy?
Regulation seems to hurt personal choice for the sake of personal security/well-being; anarchy being a state of total non-regulation then appears to be the state that is closest to the point where personal freedom has escalated to the highest level possible.
Is this balanced by the opportunity that is awarded to those in a governed state that no longer exists for the person in a state of anarchy?
In other words : does the freedom of choice that a structured government gives the individual PLUS the benefits of said society (roads, medicine, whatever) ensure greater freedom of personal choice compared to the person who lives in a state of non-regulated anarchy and isn't afforded opportunity by the infrastructure -- but is uninhibited by regulation?
Is there any meaningful philosophical consensus on this idea, or is it by-and-large unanswered? I'm not really in-touch with the philosophy world.
in anarchy, there isn't anything that can stop others from enslaving or murdering me or people I care about. actually, it's likely a positive outcome for my captors or killers. regulation and enforcement give me more freedom in the sense that opportunists exploiting their absolute freedoms go from +EV to -EV. note that the first one to eliminate opponents who employ the same strategy becomes the despot.