WoV stock portfolio
Quote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
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That is awesome to get $0.50 a day on a $1 stock.
Quote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
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It is. But it’s $0.50 for the 1000 shares.
Quote: SOOPOOQuote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
link to original post
It is. But it’s $0.50 for the 1000 shares.
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Wait, so if the shorts manage to drop the SP by just one penny a day, you lose $10 in value and get paid $.50?
What am I missing here?
Quote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
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What brokers allow this? Schwab does not. I may need to diversify.
Quote: SOOPOOQuote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
link to original post
It is. But it’s $0.50 for the 1000 shares.
link to original post
If I am not mistaken that is about 17% of the share value. Sounds good to me.
Quote: DRichQuote: SOOPOOQuote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
link to original post
It is. But it’s $0.50 for the 1000 shares.
link to original post
If I am not mistaken that is about 17% of the share value. Sounds good to me.
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More like 45%. I'm glad to see someone is making money aside from the insiders that rape it daily.
How is getting.50 per day for all 1000 collectively work out to 45%?
If he had just one share, he would not get $.50. He would get maybe a penny.
Or am I missing something here?
If you don't want your shares lent out, maintain a GTC sell order on them. Set it artificially high so that it may never be filled, whatever, but unless that order is in place the shares may be lent out. (The only other way I know of to prevent your shares from being lent out is to demand to hold the actual share certificates, assuming that sort of antiquated thing is even viable these days.)
When you buy a security, whether through your broker or from the company itself, you can ask to have the actual stock or bond certificates sent to you. You may have to pay a nominal fee ...
Quote: MDawgAll brokers I use have programs where they compensate for borrowed shares of certain hard to borrow stocks. If you own shares in a given stock and do not have a sell order in place for them, they are subject to being borrowed anyway, so might as well benefit.
If you don't want your shares lent out, maintain a GTC sell order on them. Set it artificially high so that it may never be filled, whatever, but unless that order is in place the shares may be lent out. (The only other way I know of to prevent your shares from being lent out is to demand to hold the actual share certificates, assuming that sort of antiquated thing is even viable these days.)
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I called and Schwab at least does not pass the fees on to you. I do good with covered calls so need to research this for next year.
Quote: darkozQuote: SOOPOOQuote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
link to original post
It is. But it’s $0.50 for the 1000 shares.
link to original post
Wait, so if the shorts manage to drop the SP by just one penny a day, you lose $10 in value and get paid $.50?
What am I missing here?
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I get the $0.50 regardless of whether the shorts are successful or not in lowering the price of the stock. The only reason NOT to do this is if I actually think my loaning $1000 worth of stock to a short seller actually will affect the price of the stock. I don’t think it will.
To answer AZ, my account is with TD. As I mentioned elsewhere, you cannot have ‘margin enabled’ to do this.
Quote: DRichQuote: SOOPOOQuote: DRichQuote: SOOPOO
143% would be great. After BIG up day today now at +139%. Interestingly, my CYDY stock has been borrowed frequently. I get $0.50 a day. I need it….
link to original post
That is awesome to get $0.50 a day on a $1 stock.
link to original post
It is. But it’s $0.50 for the 1000 shares.
link to original post
If I am not mistaken that is about 17% of the share value. Sounds good to me.
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Bingo. This stock when borrowed pays around 17% annually. Some of the big ETFs pay less than 1%. I literally have been credited with a penny a few times.
Quote: SOOPOO
To answer AZ, my account is with TD. As I mentioned elsewhere, you cannot have ‘margin enabled’ to do this.
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Thank you. I will have to look more into this. IIRC you also said you cannot run a covered call and loan it out at the same time?
FWIW I took me to age 50 but I seem to have discovered that these income strategies are what separate Joe Retail Investor from the pros. When it is working right I pull several hundred dollars a week, not a ton but we are talking $10-20,000 year annualized. Better than just waiting and hoping. The short term poor man's ones are like seeing your team pick cover the spread.
Thus if I can find a way to make the two strategies work together it will be a good thing. I will tell the same guys I explained covered call to. One of them it is as if I discovered fire, the guy has made six figures by now.
Quote: SOOPOOFull year results. Up 16.7% for the year. That’s a good year.
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S&P 500 was up 26.9% though.
Quote: unJonQuote: SOOPOOFull year results. Up 16.7% for the year. That’s a good year.
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S&P 500 was up 26.9% though.
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My portfolio has some exposure to bonds, as well as exposure to preferred stock ETFs, which will tend to outperform S &P 500 during down years, but underperform during big up years. My portfolio basically did what it was designed to do!
probably should have sold cydy and bought again 30days later.Quote: AZDuffmanDid you take any tax losses yesterday?
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but i hate that fear that it will shoot up in that 30days since it's a pink sheets stock
Quote: AZDuffmanDid you take any tax losses yesterday?
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No. The WoV portfolio is in a retirement account so no tax consequences until I start withdrawing in around 9 years.
My single taxable portfolio I try to even out with selling gains and losses. I’m pretty much out of losses going forward. But my tax situation is not that bad. I only have a small taxable pension. No real income!
one of Reddit's wallstreetbets Superstars shouts out a brag
he only spent 75 hours a week on his computer honing his strategy___________________(-:\
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Yesterday made it back to +148%. Still not at ATH.
I think I’m going to sell some TSM from my taxable account. I’m just nervous about big China taking over Taiwan. No idea what the ramifications would actually be. But TSM is up a bunch the last few days. ‘No one ever went broke selling stocks at a profit’.
Superstar stock market guru Jim Cramer touting Elizabeth Holmes and her blood testing company Theranos
Theranos and her whole thing was totally bogus
Cramer swallowed her act hook, line and sinker
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Liz is now headed to jail after being convicted for investment fraud
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.https://www.npr.org/2022/01/03/1063973490/elizabeth-holmes-trial-verdict-guilty-theranos
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Quote: lilredrooster____________
Superstar stock market guru Jim Cramer touting Elizabeth Holmes and her blood testing company Theranos
Theranos and her whole thing was totally bogus
Cramer swallowed her act hook, line and sinker
.
Liz is now headed to jail after being convicted for investment fraud
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That whole thing blows my mind. She is obviously genius level, but that so many people thought someone so young and thus little practical experience suddenly found what everyone missed to make an almost magical machine?
The "American Greed" CNBC series testifies to the incredible number of con-artists out there defrauding people for millions of dollars ... they never run out of stories to tell, one after the other, endless.Quote: lilredrooster____________
Superstar stock market guru Jim Cramer touting Elizabeth Holmes and her blood testing company Theranos
Theranos and her whole thing was totally bogus
Cramer swallowed her act hook, line and sinker
.
Liz is now headed to jail after being convicted for investment fraud
.
.
[youtube video]
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.https://www.npr.org/2022/01/03/1063973490/elizabeth-holmes-trial-verdict-guilty-theranos
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One repeated factor is the power of second-party endorsement. According to her Wikipedia page, "The credibility of Theranos was attributed in part to Holmes's personal connections and ability to recruit the support of influential people, including Henry Kissinger, George Shultz, Jim Mattis, and Betsy DeVos, all of whom had served or would go on to serve as U.S. presidential cabinet officials. "
Imagine if you, like me, aren't really good at doing your own investigations into companies, but really wanted to invest in the gambling industry in some way. If Joe Blow walked up to you and said, "hey, you ought to invest in 'Gamblanos Enterprises', looks good to me" you probably would instantly dismiss the idea. But if Michael Shackleford said to you, " You told me you are looking to invest so I want you to meet Joe Blow, he can get you into the ground floor with Gamblanos Enterprises, looks like it is going to be big." And it turns out Mr. Blow is actually a pretty smooth talker. Well now.
Apologies to the Wizard, I don't think he goes around doing this. But if he did, the evidence is, people would listen, and if Mr. Blow is just a con-man, many many people just will not see that now. If you don't believe me, watch that show and watch people fork over millions and millions just like that.
some of the Reddit wallstreetbets memes are priceless:
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I’m still skittish….
Considering selling my (small) holdings in Russia based companies. Who knows what happens if they take over Kazakhstan or Ukraine or Alaska.
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
Quote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
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Guesses?
US Steel is an awful managed company. Horrible to work at and not very innovative. There is little growth with them.
Concern for shortages interrupting business maybe?
A quick look at their options maybe I will make a wager as $0.30 of theta decay for 3 days is nice.
EDIT: I placed a 24.50/25.50 bull call spread expires Friday (actually Sat). Lets see if I can crank out a quick profit.
Quote: AZDuffmanQuote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
link to original post
Guesses?
US Steel is an awful managed company. Horrible to work at and not very innovative. There is little growth with them.
Concern for shortages interrupting business maybe?
A quick look at their options maybe I will make a wager as $0.30 of theta decay for 3 days is nice.
link to original post
I guess I don’t understand. If so poorly managed why are they making the huge profits last quarter and expected next quarter? They announced an expansion by building some huge factory in Arkansas. Sounds like growth?
Can you give us details about the bet you are making on (or against?) US steel in the option play you mentioned?
Quote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
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my guess is it is on last year earnings.
https://seekingalpha.com/amp/article/4468807-united-states-steel-x-stock-punished-good-market-conditions
Quote: SOOPOOQuote: AZDuffmanQuote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
link to original post
Guesses?
US Steel is an awful managed company. Horrible to work at and not very innovative. There is little growth with them.
Concern for shortages interrupting business maybe?
A quick look at their options maybe I will make a wager as $0.30 of theta decay for 3 days is nice.
link to original post
I guess I don’t understand. If so poorly managed why are they making the huge profits last quarter and expected next quarter? They announced an expansion by building some huge factory in Arkansas. Sounds like growth?
Can you give us details about the bet you are making on (or against?) US steel in the option play you mentioned?
link to original post
Even bad managed companies can do good in good times. USX just has bad history and little in the way of innovation.
But that does not mean you cannot make money off of it!
EDIT: I placed a 24.50/25.50 bull call spread expires Friday (actually Sat). Lets see if I can crank out a quick profit.
Here is the deal on what I did. X has options expiring Friday. At the time I did the trade it was trading about $25.34, up to $25.44 as I write this. So I did the following:
1. Bought an option to buy (call) at $24.50
2. Sold another call that someone else can buy at $25.50
Now, the exact prices I did each at do not matter, I do not even know them! What matters is the net cost to me was $0.56 per share. So if X is at $25.07 or more at market close on Friday I make money. Ideally it is at $25.51 or more at close so I do nothing. Then while I sleep......
I will be assigned 1,000 shares at $24.50 and at the same time be assigned to sell 1,000 at $25.50.
That is a net sale proceeds of $1,000. I put $560 ($0.56 a share) into it for a profit of $440! On an investment of $560. Someone do the ROI for me!
Now, this is risky as if it goes down I can lose my entire $560. In this way this is kind of like betting sports but with some more outs.
If a few people want to learn about options trading that is its own thread. This is not hard but not simple and very speculative. This is your sportsbook money, not your retirement account!
. It’s at $25.71 now. Looking good! My B in Law would (sometimes) get out of those positions now, maybe at a profit of $350 instead of the $440 you get by waiting until the expiration.Quote: AZDuffmanQuote: SOOPOOQuote: AZDuffmanQuote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
link to original post
Guesses?
US Steel is an awful managed company. Horrible to work at and not very innovative. There is little growth with them.
Concern for shortages interrupting business maybe?
A quick look at their options maybe I will make a wager as $0.30 of theta decay for 3 days is nice.
link to original post
I guess I don’t understand. If so poorly managed why are they making the huge profits last quarter and expected next quarter? They announced an expansion by building some huge factory in Arkansas. Sounds like growth?
Can you give us details about the bet you are making on (or against?) US steel in the option play you mentioned?
link to original post
Even bad managed companies can do good in good times. USX just has bad history and little in the way of innovation.
But that does not mean you cannot make money off of it!
EDIT: I placed a 24.50/25.50 bull call spread expires Friday (actually Sat). Lets see if I can crank out a quick profit.
Here is the deal on what I did. X has options expiring Friday. At the time I did the trade it was trading about $25.34, up to $25.44 as I write this. So I did the following:
1. Bought an option to buy (call) at $24.50
2. Sold another call that someone else can buy at $25.50
Now, the exact prices I did each at do not matter, I do not even know them! What matters is the net cost to me was $0.56 per share. So if X is at $25.07 or more at market close on Friday I make money. Ideally it is at $25.51 or more at close so I do nothing. Then while I sleep......
I will be assigned 1,000 shares at $24.50 and at the same time be assigned to sell 1,000 at $25.50.
That is a net sale proceeds of $1,000. I put $560 ($0.56 a share) into it for a profit of $440! On an investment of $560. Someone do the ROI for me!
Now, this is risky as if it goes down I can lose my entire $560. In this way this is kind of like betting sports but with some more outs.
If a few people want to learn about options trading that is its own thread. This is not hard but not simple and very speculative. This is your sportsbook money, not your retirement account!
link to original post
Quote: SOOPOO. It’s at $25.71 now. Looking good! My B in Law would (sometimes) get out of those positions now, maybe at a profit of $350 instead of the $440 you get by waiting until the expiration.Quote: AZDuffmanQuote: SOOPOOQuote: AZDuffmanQuote: SOOPOOWhen I think I understand the stock market a little…. Help me out here…..
X (US Steel) is one of my holdings. It’s around $25. Last QUARTER it showed earnings of around $5. Next QUARTER it is expected to have earnings of around $5. Its P/E ratio for the year is listed as 2! Why isn’t the stock price MUCH higher?
link to original post
Guesses?
US Steel is an awful managed company. Horrible to work at and not very innovative. There is little growth with them.
Concern for shortages interrupting business maybe?
A quick look at their options maybe I will make a wager as $0.30 of theta decay for 3 days is nice.
link to original post
I guess I don’t understand. If so poorly managed why are they making the huge profits last quarter and expected next quarter? They announced an expansion by building some huge factory in Arkansas. Sounds like growth?
Can you give us details about the bet you are making on (or against?) US steel in the option play you mentioned?
link to original post
Even bad managed companies can do good in good times. USX just has bad history and little in the way of innovation.
But that does not mean you cannot make money off of it!
EDIT: I placed a 24.50/25.50 bull call spread expires Friday (actually Sat). Lets see if I can crank out a quick profit.
Here is the deal on what I did. X has options expiring Friday. At the time I did the trade it was trading about $25.34, up to $25.44 as I write this. So I did the following:
1. Bought an option to buy (call) at $24.50
2. Sold another call that someone else can buy at $25.50
Now, the exact prices I did each at do not matter, I do not even know them! What matters is the net cost to me was $0.56 per share. So if X is at $25.07 or more at market close on Friday I make money. Ideally it is at $25.51 or more at close so I do nothing. Then while I sleep......
I will be assigned 1,000 shares at $24.50 and at the same time be assigned to sell 1,000 at $25.50.
That is a net sale proceeds of $1,000. I put $560 ($0.56 a share) into it for a profit of $440! On an investment of $560. Someone do the ROI for me!
Now, this is risky as if it goes down I can lose my entire $560. In this way this is kind of like betting sports but with some more outs.
If a few people want to learn about options trading that is its own thread. This is not hard but not simple and very speculative. This is your sportsbook money, not your retirement account!
link to original post
link to original post
The problem is a gamma-squeeze. While the math gets complex the issue is that the second option gets more expensive while it is At-the-money, adding theta. But I will be looking at it tomorrow. If it pops up I will do much as you suggest. $350 is what as a percent of $560? 60%ish return in a day?
This whole strategy is about finding a momentum stock that will go up a point or a few over a few days. It is a form of scalping. I did decent on AAPL last year, it being a higher priced stock easier to move a strike price or two. But I was not careful and did it with earnings coming up, it worked out but that is a dangerous thing.
I will report back when I sell or get filled.
X at $25.61 this moment. I am rooting for AZ and at least $25.51 on Friday 4pm!
Quote: SOOPOOI am not bad at buying stocks. I AM bad at selling them! A week ago I sold some TSM when it hit $134.50. I almost bragged about how I got out at its peak as it quickly fell below $130! It’s solidly above $140 today….
X at $25.61 this moment. I am rooting for AZ and at least $25.51 on Friday 4pm!
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I put in a limit order to sell at a credit of $0.90 no takers yet. That is a $0.34 profit on $0.56. Or 60%. It might fill at end of day as theta falls but I feel reasonably good if I do not get filled price holds tomorrow. But waiting is worse than watching the underdog make garbage points against the spread.
Quote: SOOPOOI am not bad at buying stocks. I AM bad at selling them! A week ago I sold some TSM when it hit $134.50. I almost bragged about how I got out at its peak as it quickly fell below $130! It’s solidly above $140 today….
X at $25.61 this moment. I am rooting for AZ and at least $25.51 on Friday 4pm!
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So I got stuck in a gamma squeeze. Falling below my upper strike so I did the following:
Sold a 25.00 call and bought the 25.50 back for a net credit of 0.27.
So my net debit is now .56 - .27 or 0.29. If she stays above 25 my ROI is now 72% but a lesser $210. I probably should have just sold it all out for that profit now that I think about it but I just could not get filled.
Quote: SOOPOOI am not bad at buying stocks. I AM bad at selling them!
The story of my million dollar net worth to now.
Quote: AZDuffmanQuote: SOOPOOI am not bad at buying stocks. I AM bad at selling them! A week ago I sold some TSM when it hit $134.50. I almost bragged about how I got out at its peak as it quickly fell below $130! It’s solidly above $140 today….
X at $25.61 this moment. I am rooting for AZ and at least $25.51 on Friday 4pm!
link to original post
So I got stuck in a gamma squeeze. Falling below my upper strike so I did the following:
Sold a 25.00 call and bought the 25.50 back for a net credit of 0.27.
So my net debit is now .56 - .27 or 0.29. If she stays above 25 my ROI is now 72% but a lesser $210. I probably should have just sold it all out for that profit now that I think about it but I just could not get filled.
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She held above 25. Tonight 1,000 shares will be bought and sold. $210 not a huge amount but making sure you do not lose is the key to this game is avoiding losses and living to trade another day. Plenty of time to max a few trades.
China's increasingly tight restrictions due to Covid and the possibility that they will impose another lockdown is creating fear of further disruptions in the global supply chain
I think if the supply chain suffers even more I believe there's a chance the markets will take a big hit
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https://www.cnn.com/2022/01/15/business/china-economy-challenges-zero-covid-omicron-intl-hnk/index.html
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Now up just 129% from inception.
Total value down 8% from November high. I think this would qualify as a ‘correction’ over the last two months. I hope it is done correcting!
Quote: SOOPOOAnyone notice I post far more infrequently here during these big market down times than when it was going up?
Now up just 129% from inception.
Total value down 8% from November high. I think this would qualify as a ‘correction’ over the last two months. I hope it is done correcting!
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Indeed the market has not been as fun lately. Nor has crypto, Luckily bear markets end sooner or later.
Quote: AZDuffmanQuote: SOOPOOAnyone notice I post far more infrequently here during these big market down times than when it was going up?
Now up just 129% from inception.
Total value down 8% from November high. I think this would qualify as a ‘correction’ over the last two months. I hope it is done correcting!
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Indeed the market has not been as fun lately. Nor has crypto, Luckily bear markets end sooner or later.
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As may be noticed, I tend to post here more on up days! Back to up 136%. ATH is plus 149%. So it’s down around 5% from ATH in November. I have to admit I have no idea which way market will go. All governors now are ending coronavirus restrictions which should be a bonus to the markets. But I’ve been wrong before…
I’ve not been paying as much attention to stocks recently as I’ve been working on the online sports betting. Which makes little actual sense….
Quote: SOOPOOQuote: AZDuffmanQuote: SOOPOOAnyone notice I post far more infrequently here during these big market down times than when it was going up?
Now up just 129% from inception.
Total value down 8% from November high. I think this would qualify as a ‘correction’ over the last two months. I hope it is done correcting!
link to original post
Indeed the market has not been as fun lately. Nor has crypto, Luckily bear markets end sooner or later.
link to original post
As may be noticed, I tend to post here more on up days! Back to up 136%. ATH is plus 149%. So it’s down around 5% from ATH in November. I have to admit I have no idea which way market will go. All governors now are ending coronavirus restrictions which should be a bonus to the markets. But I’ve been wrong before…
I’ve not been paying as much attention to stocks recently as I’ve been working on the online sports betting. Which makes little actual sense….
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It is going to be the fed not the virus in 2022. IMHO anyhow. It is why I left the mortgage and title business after 18 years.
Get off Transit Rd and get the management at XXII getting things moving! They are finally selling their VLN smokes. She could pop from the $2s to $8 if some of the analysts are to be believed. I was making a killing on covered calls on that one last summer.
I tell you again, check out BROS.
stupid stock market reporting from The Washington Post
the Dow closed yesterday at 34,312.03
the drop is only 1.8%
this is their screaming headline on The Front Page of today's online edition
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Quote: DRichI see SpaceX is doing a 10 for 1 split. I wonder if that means they will be going public soon?
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Why would they do a split if they are not public?
Quote: AZDuffmanQuote: DRichI see SpaceX is doing a 10 for 1 split. I wonder if that means they will be going public soon?
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Why would they do a split if they are not public?
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Assuming it will go public soon enough. I’m guessing $56 looks better on an IPO rather than $560. Cosmetic.
Quote: TDVegasQuote: AZDuffmanQuote: DRichI see SpaceX is doing a 10 for 1 split. I wonder if that means they will be going public soon?
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Why would they do a split if they are not public?
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Assuming it will go public soon enough. I’m guessing $56 looks better on an IPO rather than $560. Cosmetic.
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The point is if they are not public there is no stock to split.
Quote: AZDuffmanQuote: TDVegasQuote: AZDuffmanQuote: DRichI see SpaceX is doing a 10 for 1 split. I wonder if that means they will be going public soon?
link to original post
Why would they do a split if they are not public?
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Assuming it will go public soon enough. I’m guessing $56 looks better on an IPO rather than $560. Cosmetic.
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The point is if they are not public there is no stock to split.
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Sure there is. And many people own it.
