*market closes*
Me: Phew! Glad that day is over. Harsh. Harsh harsh harsh.
*phone rings to inform me I didn't get that juicy government job I was in the run for*.
Me: Okie dokie.
Haha awww shucks! Thanks man! Im okay. I was the next top candidate, so it was nice in a way (it wasnt exactly a door slammed in my face?).
Compliments and nice shit, though?! Sign me up!
Right back at you mate!
Who do we need to bend the knee to for this whole thing to turn around?
Putin? MBS? Give me a tyrant and despot we can bring to power to institute a “stocks only go up under penalty of death” rule.
Brutal day. Glad I held my nerve and didn't panic sell at lunch - rebounded from -7% to -4% near COB. Still green for the last couple of months but another day like that...
LKE finished up 13.57%... Sprinting isn't easy when the surface is quicksand. Even more so when your fellow companions (CXO) are bleeding out. No time to stop, as we got 99.97% high purity white powder to test.. Absolutely monumental effort in these conditions
I've got another order in for 1.3, plus gedob at .6. I'm hoping for a July lift for GED, as there may be a little new FY rally plus GED news?? plus really banking on a rotation into commodities at somepoint. But yes, a little more cash on the sidelines as well just in case.
I was 120% up in April. Now 20% up. Was smart enough to exit out and free carry some stocks at the time.
Was dumb enough to reinvest into other now red stonks🤦🏼♂️
A PowerHit System 15 entry is the most expensive entry available, costing $156,151.70 with a 1 in 1,045 chance of winning the division 1 price. We (all 90k members) each chip in ~$5, allowing 3 PowerHit System 15 entries to be bought giving a 1 in 349 chance of winning the big one. Say we go in for a $150m jackpot, if we win that's $5 invested for $1,666 or a 333-bagger.
I’m not going in for anything new either … even the ones I have currently, I’ve de-risked it at the moment … only taken the amount of losses I can actually stand
So after today's lashing how are we feeling about tomorrow ? Could either pump after such a heavy red day or we pay for our sins of having a public holiday and dive further into red
But even then inflation is up despite the FED's QT efforts. Surely that will mean another increase in interest rates which will then trigger another massive day in the red.
Well, yes, that’s kind of what I was alluding to I suppose…. But you’re right, could definitely go either way. I think many are waiting for them to weigh in on the issue.
I'm exhausted just by looking at the sea of reds today.
If I still want to continue eating lettuce for lunch and dinner everyday, I'm gonna have to start earning money from selling my dick pictures on OnlyFans soon.
Good luck, your dick would have to be something pretty special... Plenty of freebies getting sent to people who generally don't want them, so not sure the demand on OF is going to be there...
GLV Just topped up on Global Oil and Gas, Reckon it's close to bottom now. Give it a few months and the next off take agreement the cycle starts again.
Helvetica is interesting. It's 197mmbbl so I'd like to see them get that up. I kind of hope they find something worth drilling conventionally in Georgina too.
What do you reckon about GLV's announcement today about the JV discussing the other targets on 519?
I can only assume they're referring to Kingsburgh?
"WA-519-P remains highly prospective with material leads identified in the proven
Lower Barrow Group and Triassic Mungaroo plays and play opening leads in the
Jurassic “Perseus” Syn-rift.
The Company and its joint venture participants will continue to review and progress
these leads to prospects, including an assessment of data from the Sasanof-1 well, to
support future exploration and targeted farmout discussions."
That said, anything will take atleast 12 months.
Yeah, kinda has to be. I go over it a bit here: [https://youtu.be/IgLaCAgm7zI?t=462](https://youtu.be/IgLaCAgm7zI?t=462)
I would have thought maybe they'd try and duplicate the partnership into one of the other permits, maybe targeting Merriwee in 518-P because that permit expires next year.. But it sounds like they're going after Kingsburgh doesn't it?
Not sure how they're going to go getting up a deeper, more expensive drill. Probably easier to farm out Helvetica IMHO.
Yep, My bad, that's what I meant. Farm In. Cheers I can't believe the chart. Looking back over the past 5 years its never traded at such a discount. If the can't get a farm in agreement they may go belly up but I still thing the prospect is hot property.
OK, this is a public service announcement:
For those of you who don't have access to the US market or options at the moment, and you're expecting a bloodbath tonight, may I introduce:
Citibank S&P500 and ASX200 warrants, both short and long version, buying via you broker if you have access to warrants. It's like the conservative man's options!
With automatic stop losses and leverage as high as 86%, betting on the prospective direction of the market tomorrow (or tonight) has never been so safe!
this is not financial advice.
HVY you fucking dog why did you do this to me? All this time you were my one glimmer of hope out of all my dog stocks. You can get fucked with the rest of them. Bitch.
Yeah, Nah
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Ditched a few shares and vanguards at only a few % down, have been developing a list of boomer and speculative stocks of good companies.
First one i like
Adairs: Market Cap is lower than revenue and they have a solid NPAT for the sector and looking at 10% dividends coming up at least. Brief look at their company plan and they are 43% online and have a pretty solid customer retention and loyalty play.
Adairs has a negative NTA, and they have tacked on a fair bit of debt onto their balance sheet. 120M debt, vs "Equity" of 170M, except 270M of that equity is "intangible" goodwill from acquisitions.
With discretionary spending set to get hit hard, I wouldn't bank on those FY21 numbers at all.
The dilution risk is high in the event of a consumer slowdown, which is why it's getting pummelled.
Edit: A furniture retailer with 270M in "intangible" value tacked on is highly susceptible to impairments and write downs, as there's little defense against accountants for the company, if earnings drop.
Yeah i added an edit at the top, initially i hadn't looked into the intangibles for both, but Adairs is goodwill from Mocka/Focus on Furniture, you're right.
Still doesn't change the balance sheet is poorly insulated against a downturn. The debt covenants will be on Debt/Equity and ICR, intangibles are the first to get written down if earnings go weak, which is the double whammy risk for Adairs.
Imma be honest i cbf going into a big analysis of the furniture and linen markets lol.
I don't think the risk is significant but yea there is some risk there. Not big for me compared to the upside of the company and value in the share, but i suppose thats why shares arent an easy game lol
Certainly is if you back a winner. Had deposit bonus bet on the nose of a $2.15 favourite. Thought easy money. Nope finished 3rd. Had a bit more luck with some Goliath bets
Look at US futures - they were green for hours today. As wannaliveinapenthoiuse said also, 75BP rate hike is likely priced in by now. If the Fed announce anything less then 75PB there could well be a rally. My LNAS order didn’t go through but I spent a few thousand on other things I thought were buy opportunities.
Brave considering that WSJ writer who's a fed-insider abruptly changed his tune to 75bps last night. Most americans over at /r/stocks seem to believe that's 90% confirmed 75bps if that writer has flipped so suddenly. Apparently he's mates with the fed or something.
LMAO, even Cathy "meme-stock queen" Wood is saying all BNPL will die besides integrated ones (a.k.a. Square/Afterpay, Paypal, Apple, Banks)..
Idk, if this is the ultimate signal of a bottom, or if this is the 1/100 times she gets it right, and it's the death bell for BNPL.
[https://ark-invest.com/newsletters/issue-320/](https://ark-invest.com/newsletters/issue-320/)
>As noted last year, we believe BNPL will become a feature that consumers can choose through established payment methods like Apple Pay, obviating the need for the limited, stand-alone BNPL offerings available today.
>
>In our view, as consumers understand and opt in to out-of-the-box BNPL payment methods, digital wallets like Apple Pay, Shop Pay, and Cash App will expose the relatively limited value proposition of standalone BNPL providers like Klarna and Affirm.
Nice, I just assumed they’d extend it further so didn’t bother checking and commsec never gave me a notification for a new ann. Guess I’m glad I moved everything into it prior so I could have more votes lol.
I think they probably would’ve held pretty well regardless. Now if there wasn’t any acquisition offer to begin with then yeh RAP would be pretty screwed (especially since they were looking like they’d need to do a CR very soon).
If market conditions were looking the same, it’d be a definite no from me. But with the current forecast, it’ll really come down to how things are looking when it comes time to vote. Cause if we go full recession mode I’d obviously prefer some money than no money. But I can say there’s no amount they could offer around these levels that would turn me into a definite yes, it’s only outside factors that’ll dictate that.
Right now I’m leaning towards no, because I expect Pfizer are still keen for a partnership to link the covid detection with their covid pill (that’s my best guess as to why Pfizer are even interested in the first place). Since with many governments relaxing their covid management strategies, inevitably people will proactively get themselves tested less and less (unless they’re already very unwell), which means fewer potential sales for their drug. But if people have a no (or little) cost, quick, and hassle free tool they can use to check then that might be able to catch on and retain this behaviour of people routinely testing themselves (more drug sales). So if that hypothesis is true, then I think even if we end up in a proper recession, RAP would still be able to stay afloat. However (still assuming recession) if Pfizer lose interest then that’s where the big risk is, since it’s going to take RAP awhile to reach the level of market penetration necessary to be cashflow positive (thankfully there’s very little costs associated with offering the service, the main costs are in R&D and customer acquisition). Which is a concern because if they struggle to raise funds in the meantime in a recession economy then it could all be over.
Lol
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If you do, let us know and we'll help take it over
Nah just apply for both positions
*market closes* Me: Phew! Glad that day is over. Harsh. Harsh harsh harsh. *phone rings to inform me I didn't get that juicy government job I was in the run for*. Me: Okie dokie.
Ouch that's never great to hear, hopefully you've got a few other opportunities lined up
That sucks. Here's to a better day for you tomorrow where strangers give you compliments and nice shit just happens.
Haha awww shucks! Thanks man! Im okay. I was the next top candidate, so it was nice in a way (it wasnt exactly a door slammed in my face?). Compliments and nice shit, though?! Sign me up! Right back at you mate!
Anyone looking to take a short position in BBOZ, SNAS or any inverse etf tomorrow?
If it’s a good night in the us then yes I’ll take a small position in SNAS tomorrow.
ASX200 listing plus last day for 75c options… Any other reasons for LKE doing a Bradbury?
I have a feeling that this is already the bottom.
Inverse your feelings Mark
Is future is green. I’m right, this is the bottom, all of my money will come back with their grand children. I’m gonna retire early, oh yeah
might as well go long on SEEK. many "day traders", "consultants" & "investors" will be going back to work. im gonna go wipe the cum off my resume now
McDonalds also hiring, or so I hear...
ANL ended the day grey Recession proof!
Who do we need to bend the knee to for this whole thing to turn around? Putin? MBS? Give me a tyrant and despot we can bring to power to institute a “stocks only go up under penalty of death” rule.
colonel sanders
A true patriot
Can't even afford rope anymore
Reddit now sending me posts about alt/f4 helplines
I’ve been trying not to look at ASX because I don’t wanna drive my car off a bridge but what happened to LKE today? Can someone fill me in?🤯
It finished up 13%
lmao yes but why
More buyers then sellers
-9.26% Looks like poo is back on the menu for dinner tonight.
Thank fuck work is hectic at the minute and a few months ago I sold out of everything (except mxr got stopped out of that a few weeks ago)
\-6.80% in the end - only 1 green out of the list. Monthy pay day tomorrow, hope it comes in before the bounce
Today is World blood donor day. I'm guessing the market got the memo
Brutal day
Brutal day. Glad I held my nerve and didn't panic sell at lunch - rebounded from -7% to -4% near COB. Still green for the last couple of months but another day like that...
SYA cap raise a couple of weeks ago to fully fund their NAL restart now feels genius. Grey = winning.
LKE finished up 13.57%... Sprinting isn't easy when the surface is quicksand. Even more so when your fellow companions (CXO) are bleeding out. No time to stop, as we got 99.97% high purity white powder to test.. Absolutely monumental effort in these conditions
Bought some at 1.477 thia morning. Happy.
but how and why?
🤔GED finished green after all that.. one silver/green lining on a big fuck off cloud of red
I secured a little more at 1.4
I want more. But holding cash to see how the rest of the month pans out
I've got another order in for 1.3, plus gedob at .6. I'm hoping for a July lift for GED, as there may be a little new FY rally plus GED news?? plus really banking on a rotation into commodities at somepoint. But yes, a little more cash on the sidelines as well just in case.
I've got 50% of my gambling money in GED and SRN. Hoping for gain by end of the year
My fellow gedtard 👍
Mommy!
8.42% down.
I'm not your buddy, guy.
I'm not you guy, friend.
Not U again. ♥️♥️♥️♥️♥️♥️♥️♥️🐕
I'm always around...
Did U win poker last week? Edit: I also noticed a typo in your response to me which I find rather ironic, all things considered.
I don't get irony....
*sigh*
Who are you talking to?
Myself. It's a sign of extreme intelligence and possibly schizophrenia
I love talking to myself, we get along so well and have heaps in common with each other
Hello meatyogre. Let's be friends. 👯♀️
Which one of me do you want to be friends with?
BOTH OF YOU YOU CRAZY BASTARD CMERE \*BIG SCHIZO HUG FOR ALL UR PERSONALITIES\*
Wow I am impressed, I must be a genius 😂
Expected to lose 10%, ended up green. Outrageous.
Fark, awesome mate.
On 1 July 2021 I was up $4519 On 26 Oct 2021 I was up $85,558 On 14 June 2022 I was up $909 Swings and roundabouts.
I was 120% up in April. Now 20% up. Was smart enough to exit out and free carry some stocks at the time. Was dumb enough to reinvest into other now red stonks🤦🏼♂️
Love those odds for Powerball on Thursday, more chance of winning that than my dogs making me any money
Gives me an idea: an asx_bets syndicate for a big one (~100m)
Keep talking.. Is powerball the ultimate stonk?
A PowerHit System 15 entry is the most expensive entry available, costing $156,151.70 with a 1 in 1,045 chance of winning the division 1 price. We (all 90k members) each chip in ~$5, allowing 3 PowerHit System 15 entries to be bought giving a 1 in 349 chance of winning the big one. Say we go in for a $150m jackpot, if we win that's $5 invested for $1,666 or a 333-bagger.
That's alot of weed
Shouldn't have kept SHP, fuck that's a crash and a half.
Upvote if you backed up the truck
Booooooo! Profiteer of human misery!
Upvote if you sold
4% down today, 15% total. Actually not that bad.
Bit of a bounce back this arvo but i still lost about 7% or so today. It’s never fucking ending
\#Baghodler4lyf
Thank fuck that’s over…..
I didn't hear no fat lady
Sold LKE for a decent profit today and put it into IVZ. Hopefully the Zimbabwean God's will get me outta this red hole I'm in.
holy fuck I have a green stock!
Are you sure it’s not your penis?
You might want to see a doctor about that 🥸
ye i will if it gets bigger than 0.2%
I'm only 4.8% down now, from 7.5%. Pleasantly surprised 😮 (not wanting to count chickens before they are being hatched).
>not wanting to count chickens before they ...are murdered in front of your eyes between 10am-4pm
>I'm only 4.8% down now, from 7.5%. Pleasantly surprised 😮 Yeah I mean instead of the worst day imaginable it's just the second worst day imaginable.
........so far
Bmn share consolidation 10:1 proposed. Just checked and my current share count is divisible by 10, no round up for me.
The fact that I’m green today blows my mind.
Lke ????
Ye
When do we find out the fed interest rate decision. Their website says June 14-15. What day and time on our east coast
4am Thursday morning. Just checked the calendar on Tradingeconomics.com
2pm Wednesday (us time)
Have we capitulated yet?
I have.
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Ragusa (RAS) up 26% from its bottom today, 7% green for the day..
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no idea how those 2 are pumping, LKE especially is still priced ridiculously, i'll pass thanks
It's too early for math on a Tuesday man.
each week either side of the full moon spells doom. use the phases of the moon to your advantage.
Moonknight taught us well
Well suck me off with a yabby pump. The S&P 500 E-Mini Futures is flashing green!
You lie!
I wish I could send you a screen shot, Its up 1.37%!
Futures just changed ???
bouncing back but market never goes straight down, think any buying should be cautious for now
I’m not going in for anything new either … even the ones I have currently, I’ve de-risked it at the moment … only taken the amount of losses I can actually stand
So after today's lashing how are we feeling about tomorrow ? Could either pump after such a heavy red day or we pay for our sins of having a public holiday and dive further into red
Fuck, I can’t see it slowing down until the Fed meeting Thursday.
But even then inflation is up despite the FED's QT efforts. Surely that will mean another increase in interest rates which will then trigger another massive day in the red.
Well, yes, that’s kind of what I was alluding to I suppose…. But you’re right, could definitely go either way. I think many are waiting for them to weigh in on the issue.
Will depend on the other markets now
I'm exhausted just by looking at the sea of reds today. If I still want to continue eating lettuce for lunch and dinner everyday, I'm gonna have to start earning money from selling my dick pictures on OnlyFans soon.
Good luck, your dick would have to be something pretty special... Plenty of freebies getting sent to people who generally don't want them, so not sure the demand on OF is going to be there...
Praise be LKE, literally my only green stock and single handedly keeping my portfolio at +3%
Blessed be the fruit
Why did it pump?
idk, maybe it being added to the asx200 soon gave it a boost?
GLV Just topped up on Global Oil and Gas, Reckon it's close to bottom now. Give it a few months and the next off take agreement the cycle starts again.
you mean farm-in/farm-out? Not sure global has any product to sell for an off-take
Helvetica is interesting. It's 197mmbbl so I'd like to see them get that up. I kind of hope they find something worth drilling conventionally in Georgina too.
What do you reckon about GLV's announcement today about the JV discussing the other targets on 519? I can only assume they're referring to Kingsburgh? "WA-519-P remains highly prospective with material leads identified in the proven Lower Barrow Group and Triassic Mungaroo plays and play opening leads in the Jurassic “Perseus” Syn-rift. The Company and its joint venture participants will continue to review and progress these leads to prospects, including an assessment of data from the Sasanof-1 well, to support future exploration and targeted farmout discussions." That said, anything will take atleast 12 months.
Yeah, kinda has to be. I go over it a bit here: [https://youtu.be/IgLaCAgm7zI?t=462](https://youtu.be/IgLaCAgm7zI?t=462) I would have thought maybe they'd try and duplicate the partnership into one of the other permits, maybe targeting Merriwee in 518-P because that permit expires next year.. But it sounds like they're going after Kingsburgh doesn't it? Not sure how they're going to go getting up a deeper, more expensive drill. Probably easier to farm out Helvetica IMHO.
Yep, My bad, that's what I meant. Farm In. Cheers I can't believe the chart. Looking back over the past 5 years its never traded at such a discount. If the can't get a farm in agreement they may go belly up but I still thing the prospect is hot property.
I go over GLV's prospects a bit here: https://youtu.be/IgLaCAgm7zI?t=462
OK, this is a public service announcement: For those of you who don't have access to the US market or options at the moment, and you're expecting a bloodbath tonight, may I introduce: Citibank S&P500 and ASX200 warrants, both short and long version, buying via you broker if you have access to warrants. It's like the conservative man's options! With automatic stop losses and leverage as high as 86%, betting on the prospective direction of the market tomorrow (or tonight) has never been so safe! this is not financial advice.
Im expecting a deadcat bounce tonight, for what its worth
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Thought it was Wednesday?
shit. i Fluffed the date.
What time do we find out the result here?
BLOOD FOR THE BLOOD GOD!
BAGS FOR THE BAG THRONE
Bulls gonna bull
HVY you fucking dog why did you do this to me? All this time you were my one glimmer of hope out of all my dog stocks. You can get fucked with the rest of them. Bitch.
average down, ya know it's worth it 🤰🏾
Tis but a scratch
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Real boyscouts already know this and have better knife skills
https://www.beyondblue.org.au/
Ditched a few shares and vanguards at only a few % down, have been developing a list of boomer and speculative stocks of good companies. First one i like Adairs: Market Cap is lower than revenue and they have a solid NPAT for the sector and looking at 10% dividends coming up at least. Brief look at their company plan and they are 43% online and have a pretty solid customer retention and loyalty play.
investing in the retail sector as we're potentially heading into a global recession... hmm... 🤰🏾
Not yet, just keeping it in the cross hairs.
My simple brain: i can hardly afford food, petrol and power at home. Im getting the kmart sheets.
Adairs has a negative NTA, and they have tacked on a fair bit of debt onto their balance sheet. 120M debt, vs "Equity" of 170M, except 270M of that equity is "intangible" goodwill from acquisitions. With discretionary spending set to get hit hard, I wouldn't bank on those FY21 numbers at all. The dilution risk is high in the event of a consumer slowdown, which is why it's getting pummelled. Edit: A furniture retailer with 270M in "intangible" value tacked on is highly susceptible to impairments and write downs, as there's little defense against accountants for the company, if earnings drop.
Balance sheet goodwill is acquisitions not the brand of harvey norman/adairs fyi
Yeah i added an edit at the top, initially i hadn't looked into the intangibles for both, but Adairs is goodwill from Mocka/Focus on Furniture, you're right. Still doesn't change the balance sheet is poorly insulated against a downturn. The debt covenants will be on Debt/Equity and ICR, intangibles are the first to get written down if earnings go weak, which is the double whammy risk for Adairs.
Also just to clarify i wouldn't be buying anything at the moment, its all just research.
Imma be honest i cbf going into a big analysis of the furniture and linen markets lol. I don't think the risk is significant but yea there is some risk there. Not big for me compared to the upside of the company and value in the share, but i suppose thats why shares arent an easy game lol
Wow syi and ndq dumpin’
Today has been my biggest red day ever. Down about 20k across crypto and stocks. I know it's not epic loss porn but it's enough to get me sad.
poor bastard geting it in both holes
all 3 for me
New to this. Have some money in ETFs. Down 6.41% across portfolio within two weeks Honestly should have stuck to gambling on horses.
the deposit bonus sounds more legit than ASX
Certainly is if you back a winner. Had deposit bonus bet on the nose of a $2.15 favourite. Thought easy money. Nope finished 3rd. Had a bit more luck with some Goliath bets
Smallest possible etf timeframe should be measured in years, not weeks.
Yea starting to realise that. Still learning the ropes.
Look into DLC, it's been by far my best performing share in the last few months and it doesn't look like it's going to move from that position.
Some big money are buying LNAS 10000 shares by 10000 shares, seems I am not alone.
As a hedge against their short position or because they think the market is going to rebound this week?
Market is now pricing in a 75bp rate hikes, if not 75bp but 50bp Rebound.
Also just put leftover $1k into LNAS.
Out of curiosity, why are you not putting money into SNAS? Seriously considering a short position
Look at US futures - they were green for hours today. As wannaliveinapenthoiuse said also, 75BP rate hike is likely priced in by now. If the Fed announce anything less then 75PB there could well be a rally. My LNAS order didn’t go through but I spent a few thousand on other things I thought were buy opportunities.
godspeed
Are you aiming for a long term hold or just planning to trade the short term bounce?
50bp this Wednesday night, Pump then sell on Thursday or Friday. Depending on the scale of rebound.
Brave considering that WSJ writer who's a fed-insider abruptly changed his tune to 75bps last night. Most americans over at /r/stocks seem to believe that's 90% confirmed 75bps if that writer has flipped so suddenly. Apparently he's mates with the fed or something.
Bless good luck mate, I’ll be watching from the sidelines.
Im about to download stake and start loading up on this dip somebody drop there referral here
THOMASS699 It isn't too late to turn back
I'm grey. Let's see how long that lasts.
Think after grey the hair goes white.
Is your secret just selling all your stocks to your nanna at the same price you bought them?
Correct. I'm grey because nanna just bought an entire portfolio worth of ZIP at $14
Check out the volume of buyers to sellers for RNU
Looks like some flub there though, eg buy of 2,000,000 units for $0.001🙄 several 4,000,000 buys at $0.11
SNAS and BBOZ 8==============D
Highly considering taking a position in these, how long are you planning on holding these shorts for?
LMAO, even Cathy "meme-stock queen" Wood is saying all BNPL will die besides integrated ones (a.k.a. Square/Afterpay, Paypal, Apple, Banks).. Idk, if this is the ultimate signal of a bottom, or if this is the 1/100 times she gets it right, and it's the death bell for BNPL. [https://ark-invest.com/newsletters/issue-320/](https://ark-invest.com/newsletters/issue-320/) >As noted last year, we believe BNPL will become a feature that consumers can choose through established payment methods like Apple Pay, obviating the need for the limited, stand-alone BNPL offerings available today. > >In our view, as consumers understand and opt in to out-of-the-box BNPL payment methods, digital wallets like Apple Pay, Shop Pay, and Cash App will expose the relatively limited value proposition of standalone BNPL providers like Klarna and Affirm.
Inverse Cathy rule applies. Just raised the flag for another BNPL bullrun.
so short AAPL, and leverage into ZIP?
Long on Timezone arcade tickets and Dragonball Z tazos
How much is an Inverse Cathy again?
Good news: RAP up 54% on improved buyout offer from Pfizer Bad news: I'm still down 34%
Nice, I just assumed they’d extend it further so didn’t bother checking and commsec never gave me a notification for a new ann. Guess I’m glad I moved everything into it prior so I could have more votes lol.
Thankfully the extended negotiations have saved us from the carnage on the broader market. How are you guys going to vote on the T/O?
I think they probably would’ve held pretty well regardless. Now if there wasn’t any acquisition offer to begin with then yeh RAP would be pretty screwed (especially since they were looking like they’d need to do a CR very soon). If market conditions were looking the same, it’d be a definite no from me. But with the current forecast, it’ll really come down to how things are looking when it comes time to vote. Cause if we go full recession mode I’d obviously prefer some money than no money. But I can say there’s no amount they could offer around these levels that would turn me into a definite yes, it’s only outside factors that’ll dictate that. Right now I’m leaning towards no, because I expect Pfizer are still keen for a partnership to link the covid detection with their covid pill (that’s my best guess as to why Pfizer are even interested in the first place). Since with many governments relaxing their covid management strategies, inevitably people will proactively get themselves tested less and less (unless they’re already very unwell), which means fewer potential sales for their drug. But if people have a no (or little) cost, quick, and hassle free tool they can use to check then that might be able to catch on and retain this behaviour of people routinely testing themselves (more drug sales). So if that hypothesis is true, then I think even if we end up in a proper recession, RAP would still be able to stay afloat. However (still assuming recession) if Pfizer lose interest then that’s where the big risk is, since it’s going to take RAP awhile to reach the level of market penetration necessary to be cashflow positive (thankfully there’s very little costs associated with offering the service, the main costs are in R&D and customer acquisition). Which is a concern because if they struggle to raise funds in the meantime in a recession economy then it could all be over.