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Alright CYKAS, Drill Sgt. Retarded TQQQ Burry is in the house. Listen up, I'm gonna train yo monkey asses to make some motherfucking money.submitted by dlkdev to wallstreetbets [link] [comments]
“Reeee can’t read, strike?” - random_wsb_autistBitch you better read if you want your Robinhood to look like this:
Why am I telling you this?
Because I like your dumb asses. Even dickbutts like cscqb4. And because I like seeing Wall St. fucking get rekt. Y’all did good until now, and Wall St. is salty af. Just google for “retail traders” news if you haven’t seen it, and you’ll see the salty tears of Wall Street assholes. And I like salty Wall St. assholes crying like bitches.
That said, some of you here are really motherfucking dense & the sheer influx of retardation has been driving away some of the more knowledgeable folks on this sub. In fact, in my last post, y'all somehow managed to downvote to shit the few guys that really understood the points I was making and tried to explain it to you poo-slinging apes. Stop that shit yo! A lot of you need to sit the fuck down, shut your fucking mouth and listen.
So I'm going to try and turn you rag-tag band of dimwits into a respectable army of peasants that can clap some motherfucking Wall Street cheeks. Then, I'm going to give you a mouthbreather-proof trade that I don't think even you knuckleheads can mess up (though I may be underestimating you).
If you keep PM-ing me about your stupid ass losses after this, I will find out where you live and personally, PERSONALLY, shit on your doorstep.
This is going to be a long ass post. Read the damned post. I don't care if you're dyslexic, use text-to-speech. Got ADHD? Pop your addys, rub one out, and focus! Are you 12? Make sure to go post in the paper trading contest thread first.
This shit is targeted at the mouthbreathers, but maybe more knowledgeable folk’ll find some useful info, idk. How do you know if you’re in the mouthbreather category? If your answer to any of the following questions is yes, then you are:
Table of Contents:
I. Maybe, just maybe, I know what I’m talking about
II. Post-mortem of the February - March 2020 Great Depression
III. Mouthbreather's bootcamp on managing a position – THE TECHNICALS
IV. Busting your retarded myths
V. LIQUIDITY NUKE INBOUND
VI. The mouthbreather-proof trade - The Akimbo
VII. Quick hints for non-mouthbreathers
Chapter I - Maybe, just maybe, I know what I’m talking about
I'm not here to rip you off. Every fucking time I post something, a bunch of dumbasses show up saying I'm selling you puts or whatever the fuck retarded thoughts come through their caveman brains.
"hurr durr OP retarded, OP sell puts" - random_wsb_autistSit down, Barney, I'm not here to scam you for your 3 cents on OTM puts. Do I always get it right? Of course not, dumbasses. Eurodollar play didn't work out (yet). Last TQQQ didn't work out (yet). That’s just how it goes. Papa Buffet got fucked on airlines. Plain retard Burry bought GME. What do you fucking expect?
Meanwhile, I keep giving y'all good motherfucking plays:
Chapter II. Post-mortem of the February - March 2020 Great Depression
Do you really understand what happened? Let's go through it.
I got in puts on 2/19, right at the motherfucking top, TQQQ at $118. I told you on 2/24 TQQQ ($108) was going to shit, and to buy fucking puts, $90ps, $70ps, $50ps, all the way to 3/20 $30ps. You think I just pulled that out of my ass? You think I just keep getting lucky, punks? Do you have any idea how unlikely that is?
Well, let's take a look at what the fuckstick Kevin Cook from Zacks wrote on 3/5:
How Many Sigmas Was the Flash Correction Plunge?
"Did you know that last week's 14% plunge in the S&P 500 SPY was so rare, by statistical measures, that it shouldn't happen once but every 14,000 years?"
On 3/5, TQQQ closed at $81. I just got lucky, right? You should buy after a 5-sigma move, right? That's what fuckstick says:
"Big sigma moves happen all the time in markets, more than any other field where we collect and analyze historical data, because markets are social beasts subject to "wild randomness" that is not found in the physical sciences.Ahahaha, fuckstick bought TQQQ at $70, cuz that's what you do after a random 5-sigma move, right? How many of you dumbasses did the same thing? Don't lie, I see you buying 3/5 on this TQQQ chart:
Meanwhile, on 3/3, I answered the question "Where do you see this ending up at in the next couple weeks? I have 3/20s" with "under 30 imo".
Well good fucking job, because a week later on 3/11, TQQQ closed at $61, and it kept going.
Nomura: Market staring into the abyss
"The plunge in US equities yesterday (12 March) pushed weekly returns down to 7.7 standard deviations below the norm. In statistical science, the odds of a greater-than seven-sigma event of this kind are astronomical to the point of being comical (about one such event every 160 billion years).Let's see what Stephen Mathai-Davis, CFA, CQF, WTF, BBQ, Founder and CEO of Q.ai - Investing Reimagined, a Forbes Company, and a major fucktard has to say at this point:
"Our AI models are telling us to buy SPY (the SPDR S&P500 ETF and a great proxy for US large-cap stocks) but since all models are based on past data, does it really make sense? "Good job, fuckfaces. Y'all bought this one too, admit it. I see you buying on this chart:
Well guess what, by 3/18, a week later, we did get another 5 standard deviation move. TQQQ bottomed on 3/18 at $32.73. Still think that was just luck, punk? You know how many sigmas that was? Over 12 god-damn sigmas. 12 standard deviations. I'd have a much better chance of guessing everyone's buttcoin private key, in a row, on the first try. That's how unlikely that is.
"Hurr durr you said it's going to 0, so you're retarded because it didn't go to 0" - random_wsb_autistYeah, fuckface, because the Fed bailed ‘em out. Remember the $150b “overnight repo” bazooka on 3/17? That’s what that was, a bailout. A bailout for shitty funds and market makers like Trump's handjob buddy Kenny Griffin from Citadel. Why do you think Jamie Dimon had a heart attack in early March? He saw all the dogshit that everyone put on his books.
Yup, everyone got clapped on their stupidly leveraged derivatives books. It seems Citadel is “too big to fail”. On 3/18, the payout on 3/20 TQQQ puts alone if it went to 0 was $468m. And every single TQQQ put expiration would have had to be paid. Tens or hundreds of billions on TQQQ puts alone. I’d bet my ass Citadel was on the hook for a big chunk of those. And that’s just a drop in the bucket compared to all the other blown derivative trades out there.
Y’all still did good, 3/20 closed at $35. That’s $161m/$468m payoff just there. I even called you the bottom on 3/17, when I saw that bailout:
"tinygiraffe21 1 point 2 months ago
"hurr durr, it went lower on 3/18 so 3/17 wasn't the bottom" - random_wsb_autistIdiot, I have no way of knowing that Billy boy Ackman was going to go on CNBC and cry like a little bitch to make everyone dump, so he can get out of his shorts. Just like I have no way of knowing when the Fed decides to do a bailout. But you react to that, when you see it.
Do you think "Oh no world's ending" and go sell everything? No, dumbass, you try to figure out what Billy's doing. And in this case it was pretty obvious, Billy saw the Fed train coming and wanted to close his shorts. So you give the dude a hand, quick short in and out, and position for Billy dumping his short bags.
Video of Billy & the Fed train
Here's what Billy boy says:
“But if they don’t, and the government takes the right steps, this hedge could be worth zero, and the stock market could go right back up to where it was. So we made the decision to exit.”https://www.businessinsider.sg/bill-ackman-explains-coronavirus-trade-single-best-all-time-podcast-2020-5
Also, “the single best trade of all time.” my ass, it was only a 100-bagger. I gave y’all a 150-bagger.
So how could I catch that? Because it wasn't random, yo. And I'm here to teach your asses how to try to spot such potential moves. But first, the technical bootcamp.
Chapter III. Mouthbreather's bootcamp on managing a position – THE TECHNICALS
RULE 1. YOU NEVER BUY OPTIONS AT OPEN. You NEVER OVERPAY for an option. You never FOMO into buying too fast. You NEVER EVER NEVER pump the premium on a play.
I saw you fuckers buying over 4k TQQQ 5/22 $45 puts in the first minutes of trading. You pumped the premium to over $0.50 dudes. The play's never going to work if you do that, because you give the market maker free delta, and he's going to hedge that against you. Let me explain simply:
Let's say a put on ticker $X at strike $50 is worth $1, and a put at strike $51 is worth $2.
If you all fomo in at once into the same strike, the market maker algos will just pull the asks higher. If you overpay at $2 for the $50p, the market maker will just buy $51ps for $2 and sell you $50ps for 2$. Or he'll buy longer-dated $50ps and sell you shorter-dated $50ps. Max risk for him is now 0, max gain is $1. You just gave him free downside insurance, so of course he's going to start going long. And you just traded against yourself, congrats.
You need to get in with patience, especially if you see other autists here wanting to go in at the same time. Don't step on each other's toes. You put in an order, and you wait for it to fill for a couple of seconds. If it doesn't fill, AND the price of the option hasn't moved much recently, you can bump the bid $0.01. And you keep doing that a few times. Move your strikes, if needed. Only get a partial fill or don't get a fill at all? You cancel your bid. Don't fucking leave it hanging there, or you're going to put a floor on the price. Let the mm algos chill out and go again later.
RULE 2. WATCH THE TIME. Algos are especially active at x:00, x:02, x:08, x:12, x:30 and x:58. Try not to buy at those times.
RULE 3. YOU USE MULTIPLE BROKERS. Don't just roll with Robinhood, you're just gimping yourself. If you don't have another one, open up a tasty, IB, TD, Schwab, whatever. But for cheap faggy puts (or calls), Robinhood is the best. If you want to make a play for which the other side would think "That's free money!", Robinhood is the best. Because Citadel will snag that free money shit like no other. Seriously, if you don't have a RH account, open one. It's great for making meme plays.
RULE 4. YOU DON'T START A TRADE WITH BIG POSITIONS. Doesn't matter how big or small your bankroll is. If you go all-in, you're just gambling, and the odds are stacked against you. You need to have extra cash to manage your positions. Which leads to
RULE 5. MANAGING YOUR WINNERS: Your position going for you? Good job! Now POUND THAT SHIT! And again. Move your strikes to cheaper puts/calls, and pound again. And again. Snowball those gains.
RULE 6A. POUND THOSE $0.01 PUTS:
So you bought some puts and they’re going down? Well, the moment they reach $0.01, YOU POUND THOSE PUTS (assuming there’s enough time left on them, not shit expiring in 2h). $0.01 puts have amazing risk/return around the time they reach $0.01. This is not as valid for calls. Long explanation why, but the gist of it is this: you know how calls have unlimited upside while puts have limited upside? Well it’s the reverse of that.
RULE 6B. MANAGING YOUR LOSERS:
Your position going against you? Do you close the position, take your loss porn and post it on wsb? WRONG DUMBASS. You manage that by POUNDING THAT SHIT. Again and again. You don't manage losing positions by closing. That removes your gainz when the market turns around. You ever close a position, just to have it turn out it would have been a winner afterwards? Yeah, don't do that. You manage it by opening other positions. Got puts? Buy calls. Got calls? Buy puts. Turn positions into spreads. Buy spreads. Buy the VIX. Sell the VIX. They wanna pin for OPEX? Sell them options. Not enough bankroll to sell naked? Sell spreads. Make them fight you for your money, motherfuckers, don't just give it away for free. When you trade, YOU have the advantage of choosing when and where to engage. The market can only react. That's your edge, so USE IT! Like this:
Initial TQQQ 5/22 position = $5,000. Starts losing? You pound it.
Total pounded in 5/22 TQQQ puts = $10,824. Unfortunately expired worthless (but also goes to show I'm not selling you puts, dickwads)
Then the autists show up:
"Hahaha you lost all your money nice job you fucking idiot why do you even live?" - cscqb4Wrong fuckface. You see the max pain at SPX 2975 & OPEX pin coming? Sell them some calls or puts (or spreads).
Sold 9x5/20 SPX [email protected], bam +$6,390. Still wanna pin? Well have some 80x5/22 TQQQ $80cs, bam anotha +$14,700.
+$21,090 - $10,824 = +$10,266 => Turned that shit into a +94.85% gain.
You have a downside position, but market going up or nowhere? You play that as well. At least make some money back, if not profit.
5/22, long weekend coming right? So you use your brain & try to predict what could happen over the 3-day weekend. Hmm, 3 day weekend, well you should expect either a shitty theta-burn or maybe the pajama traders will try to pooomp that shite on the low volume. Well make your play. I bet on the shitty theta burn, but could be the other, idk, so make a small play.
Sold some ES_F spreads (for those unaware, ES is a 50x multiplier, so 1 SPX = 2 ES = 10 SPY, approximately). -47x 2955/2960 bear call spreads for $2.5. Max gain is $2.5, max loss is 2960-2955 = $5. A double-or-nothing basically. That's $5,875 in premium, max loss = 2x premium = $11,750.
Well, today comes around and futures are pumping. Up to 3,014 now. Do you just roll over? You think I'm gonna sit and take it up the ass? Nah bros that's not how you trade, you fucking fight them. How?
47x 2960 calls
-47x 2955 calls
Pajama traders getting all up in my grill? Well then I buy back 1 of the 2955 calls. Did that shit yesterday when futures were a little over 2980, around 2982-ish. Paid $34.75, initially shorted at $16.95, so booked a -$892 loss, for now. But now what do I have?
46x 2955/2960 bear calls
1x 2960 long call
So the fuckers can pump it. In fact, the harder they pump it, the more I make. Each $2.5 move up in the futures covers the max loss for 1 spread. With SPX now at ~3015, that call is $55 ITM. Covers 24/46 contracts rn. If they wanna run it up, at 3070 it's break-even. Over that, it's profit. I'll sell them some bear call spreads over 3050 if they run it there too. They gonna dump it? well under 2960 it's profit time again. They wanna do a shitty pin at 3000 today? Well then I'll sell them some theta there.
Later edit: that was written yesterday. Got out with a loss of only $1.5k out of the max $5,875. Not bad.
And that, my dudes, is how you manage a position.
RULE 7 (ESPECIALLY FOR BEARS). YOU DON'T KEEP EXTRA CASH IN YOUR BROKER ACCOUNT. You don't do it with Robinhood, because it's a shitty dumpsterfire of a broker. But you don't do it with other brokers either. Pull that shit out. Preferably to a bank that doesn't play in the markets either, use a credit union or some shit. Why? Because you're giving the market free liquidity. Free margin loans. Squeeze that shit out, make them work for it. Your individual cash probably doesn't make a dent, but a million autists with an extra $1200 trumpbucks means $1.2b. That's starting to move the needle. You wanna make a play, use instant deposits. And that way you don't lose your shit when your crappy ass broker or bank gets its ass blown up on derivative trades. Even if it's FDIC or SIPC insured, it's gonna take time until you see that money again.
Chapter IV. BUSTING YOUR RETARDED MYTHS
MYTH 1 - STONKS ONLY GO UP
Do you think the market can go up forever? Do you think stOnKs oNLy Go uP because Fed brrr? Do you think SPX will be at 5000 by the end of the month? Do you think $1.5 trillion is a good entry point for stonks like AAPL or MSFT? Do you want to buy garbage like Hertz or American Airlines because it's cheap? Did you buy USO at the bottom and are now proud of yourself for making $2? Well, this section is for you!
Let's clear up the misconception that stonks only go up while Fed brrrs.
What's your target for the SPX top? Think 3500 by the end of the year? 3500 by September? 4000? 4500? 5000? Doesn't matter, you can plug in your own variables.
Let's say SPX only goes up, a moderate 0.5% each period as a compounded avg. (i.e. up a bit down a bit whatever, doesn't matter as long as at the end of your period, if you look back and do the math, you'll get that number). Let's call this variable BRRR = 0.005.
Can you do the basic math to calculate the value at the end of x periods? Or did you drop out in 5th grade? Doesn't matter if not, I'll teach you.
Let's say our period is one week. That is, SPX goes up on average 0.5% each week on Fed BRRR:
2950 * (1.005^x), where x is the number of periods (weeks in this case)
So, after 1 month, you have: 2950 * (1.005^4) = 3009
After 2 months: 2950 * (1.005^8) = 3070
End of the year? 2950 * (1.005^28) = 3392
Now clearly, we're already at 3015 on the futures, so we're moving way faster than that. More like at a speed of BRRR = 1%/wk
2950 * (1.01^4) = 3069
2950 * (1.01^8) = 3194
2950 * (1.01^28) = 3897
Better, but still slower than a lot of permabulls would expect. In fact, some legit fucks are seriously predicting SPX 4000-4500 by September. Like this dude, David Hunter, "Contrarian Macro Strategist w/40+ years on Wall Street". IDIOTIC.
That'd be 2950 * (BRRR^12) = 4000 => BRRR = 1.0257 and 2950 * (BRRR^12) = 4500 => BRRR = 1.0358, respectively.
Here's why that can't happen, no matter the amount of FED BRRR: Leverage. Compounded Leverage.
There's currently over $100b in leveraged etfs with a 2.5x avg. leverage. And that's just the ones I managed to tally, there's a lot of dogshit small ones on top of that. TQQQ alone is now at almost $6b in AUM (topped in Fed at a little over $7b).
Now, let's try to estimate what happens to TQQQ's AUM when BRRR = 1.0257. 3XBRRR = 1.0771. Take it at 3XBRRR = 1.07 to account for slippage in a medium-volatility environment and ignore the fact that the Nasdaq-100 would go up more than SPX anyway.
$6,000,000,000 * (1.07^4) = $7,864,776,060
$6,000,000,000 * (1.07^8) = $10,309,100,000
$6,000,000,000 * (1.07^12) = $13,513,100,000
$6,000,000,000 * (1.07^28) = $39,893,000,000.
What if BRRR = 1.0358? => 3XBRR = 1.1074. Take 3XBRRR = 1.10.
$6,000,000,000 * (1.1^4) = $8,784,600,000
$6,000,000,000 * (1.1^8) = $12,861,500,000
$6,000,000,000 * (1.1^12) = $18,830,600,000
$6,000,000,000 * (1.1^28) = $86,526,000,000
And this would have to get 3x leveraged every day. And this is just for TQQQ.
Let's do an estimation for all leveraged funds. $100b AUM, 2.5 avg. leverage factor, BRRR = 1.0257 => 2.5BRRR = 1.06425
$100b * (1.06^4) = $128.285b
$100b * (1.06^8) = $159.385b
$100b * (1.06^12) = $201.22b
$100b * (1.06^28) = $511.169b
That'd be $1.25 trillion sloshing around each day. And the market would have to lose each respective amount of cash into these leveraged funds. Think the market can do that? You can play around with your own variables. But understand that this is just a small part of the whole picture, many other factors go into this. It's a way to put a simple upper limit on an assumption, to check if it's reasonable.
In the long run, it doesn't matter if the Fed goes BRRR, if TQQQ takes in it's share of 3XBRRR. And the Fed can't go 3XBRRR, because then TQQQ would take in 9XBRRR. And on top of this, you have a whole pile of leveraged derivatives on top of these leveraged things. Watch (or rewatch) this: Selena Gomez & Richard H. Thaler Explaining Synthetic CDO through BLACKJACK
My general point, at the mouth-breather level, is that Fed BRRR cannot be infinite, because leverage.
And these leveraged ETFs are flawed instruments in the first place. It didn't matter when they started out. TQQQ and SQQQ started out at $8m each. For the banks providing the swaps, for the market providing the futures contracts, whatever counter-party to whatever instrument they would use, that was fine. Because it balanced out. When TQQQ made a million, SQQQ lost a million (minus a small spread, which was the bank's profit). Bank was happy, in the long run things would even out. Slippage and spreads and fees would make them money. But then something happened. Stonks only went up. And leveraged ETFs got bigger and more and more popular.
And so, TQQQ ended up being $6-7b, while SQQQ was at $1b. And the same goes for all the other ETFs. Long leveraged ETF AUM became disproportionate to short AUM. And it matters a whole fucking lot. Because if you think of the casino, TQQQ walks up every day and says "I'd like to put $18b on red", while SQQQ walks up and says "I'd only like to put $3b on black". And that, in turn, forces the banks providing the swaps to either eat shit with massive losses, or go out and hedge. Probably a mix of both. But it doesn't matter if the banks are hedged, someone else is on the other side of those hedges anyway. Someone's eating a loss. Can think of it as "The Market", in general, eating the loss. And there's only so much loss the market can eat before it craps itself.
If you were a time traveller, how much money do you think you could make by trading derivatives? Do you think you could make $20 trillion? You know the future prices after all... But no, you couldn't. There isn't enough money out there to pay you. So you'd move the markets by blowing them up. Call it the Time-travelling WSB Autist Paradox.
If you had a bucket with a hole in the bottom, even if you poured an infinite amount of water into it, it would never be full. Because there's a LIQUIDITY SINK, just like there is one in the markets.
And that, my mouth-breathing friends, is the reason why FED BRRR cannot be infinite. Or alternatively, "STONKS MUST GO BOTH UP AND DOWN".
MYTH 2 - YOU CAN'T TIME THE MARKET
On Jan 14, 2020, I predicted this: Assuming that corona doesn't become a problem, "AAPL: Jan 28 $328.3, Jan 31 $316.5, April 1 $365.7, May 1 $386, July 1 $429 December 31 $200."
Now take a look at the AAPL chart in January. After earnings AAPL peaked at $327.85. On 1/31, after the 1st hour of trading, when the big boys make moves, it was at $315.63. Closed 1/31 at $309.51. Ya think I pulled this one out of my ass too?
Yes you can time it. Flows, motherfucker, flows. Money flow moves everything. And these days, we have a whole lot of RETARDED FLOW. Can't even call it dumb flow, because it literally doesn't think. Stuff like:
And many many others. Spot the flow, and you get an edge. How could I predict where AAPL would be after earnings within 50 cents and then reverse down to $316 2 days later? FLOWS MOTHERFUCKER FLOWS. The market was so quiet in that period, that is was possible to precisely figure out where it ended up. Why the dump after? Well, AAPL earnings (The 8-K) come out on a Wednesday. The next morning, after market opens the 10-Q comes out. And that 10-Q contains a very important nugget of information: the latest number of outstanding shares. But AAPL buybacks are regular as fuck. You can predict the outstanding shares before the market gets the 10-Q. And that gives you EDGE. Which leads to
MYTH 3 - BUYBACKS DON'T MATTER
Are you one of those mouthbreathers that parrots the phrase "buybacks are just a tax-efficient way to return capital to shareholders"? Well sit the fuck down, I have news for you. First bit of news, you're dumb as shit. Second bit:
On 1/28, AAPL's market cap is closing_price x free_float_outstanding_shares. But that's not the REAL MARKET CAP. Because the number of outstanding shares is OLD AS FUCK. When the latest number comes out, the market cap changes instantly. And ETFs start moving, and hedges start being changed, and so on.
"But ETFs won't change the number of shares they hold, they will still hold the same % of AAPL in the index" - random_wsb_autist
Oh my fucking god you're dumb as fuck. FLOWS change. And the next day, when TQQQ comes by and puts its massive $18b dong on the table, the market will hedge that differently. And THAT CAN BE PREDICTED. That's why AAPL was exactly at $316 1 hour after the market opened on 1/31.
So, what can you use to spot moves? Let me show you:
Market topped on 2/19. Here’s SPY. I even marked interesting dates for you with vertical lines.
Nobody could have seen it coming, right? WRONG AGAIN. Here:
In fact, JPYUSD gave you two whole days to see it. Those are NOT normal JPYUSD moves. But hey maybe it’s just a fluke? Wrong again.
Forex showed you that all over the place. Why? FLOWS MOTHERFUCKER FLOWS. When everything moves like that, it means the market needs CASH. It doesn’t matter why, but remember people pulling cash out of ATMs all over the world? Companies drawing massive revolvers? Just understand what this flow means.
But it wasn’t just forex. Gold showed it to you as well. Bonds showed it to you as well.
Even god damn buttcoin showed it to you.
And they all did it for 2 days before the move hit equities.
Chapter V. LIQUIDITY NUKE INBOUND
You see all these bankruptcies that happened so far, and all the ones that are going to follow? Do you think that’s just dogshit companies and it won’t have major effects on anything outside them? WRONG.
Because there’s a lot of leveraged instruments on top of those equities. When the stock goes to 0, all those outstanding puts across all expirations get instantly paid.
Understand that Feb-March was a liquidity MOAB. But this will end with a liquidity nuke.
Here’s just HTZ for example: $239,763,550 in outstanding puts. Just on a single dogshit small-cap company (this thing was like $400m mkt. cap last week).
And that’s just the options on the equity. There’s also instruments on etfs that hold HTZ, on the bonds, on the ETFs that hold their bonds, swaps, warrants, whatever. It’s a massive pile of leverage.
Then there’s also the ripple effects. Were you holding a lot of HTZ in your brokerage margin account? Well guess what big boi, when that gaps to 0 you get a margin call, and then you become a liquidity drain. Holding long calls? 0. Bonds 0. DOG SHIT!
And the market instantly goes from holding $x in assets (HTZ equity / bonds / calls) to holding many multiples of x in LIABILITIES (puts gone wrong, margin loans, derivatives books, revolvers, all that crap). And it doesn’t matter if the Fed buys crap like HTZ bonds. You short them some. Because when it hits 0, it’s no longer about supply and demand. You get paid full price, straight from Jerome’s printer. Is the Fed going to buy every blown up derivative too? Because that's what they'd have to do.
Think of liquidity as a car. The faster it goes, the harder it becomes to go even faster. At some point, you can only go faster by driving off a cliff. THE SQUEEZE. But you stop instantly when you hit the ground eventually. And that’s what shit’s doing all over the place right now.
And just like that fucker, “I’m standing in front of a burning house, and I’m offering you fire insurance on it.”
Now is not the time to baghold junk. Take your cash. Not the time to buy cheap crap. You don’t buy Hertz. You don’t buy USO. You don’t buy airlines, or cruises, or GE, or motherfucking Disney. And if you have it, dump that shit.
And the other dogshit that’s at ATH, congrats you’re in the green. Now you take your profits and fucking dump that shit. I’m talking shit like garbage SaaS, app shit, AI shit, etc. Garbage like MDB, OKTA, SNAP, TWLO, ZM, CHGG etc.
And you dump those garbage ass leveraged ETFs. SQQQ, TQQQ, whatever, they’re all dogshit now.
The leverage MUST unwind. And once that’s done, some of you will no longer be among us if you don’t listen. A lot of leveraged ETFs will be gone. Even some non-leveraged ETFs will be gone. Some brokers will be gone, some market makers will be gone, hell maybe even some big bank has to go under. I can’t know which ones will go poof, but I can guarantee you that some will. Another reason to diversify your shit. There’s a reason papa Warrant Buffet dumped his bags, don’t think you’re smarter than him. He may be senile, but he’s still a snake.
And once the unwind is done, THEN you buy whatever cheap dogshit’s still standing.
Got it? Good.
You feel ready to play yet? Alright, so you catch a move. Or I post a move and you wanna play it. You put on a small position. When it’s going your way, YOU POUND DAT SHIT. Still going? Well RUSH B CYKA BLYAT AND PLANT THE GOD DAMN 3/20 $30p BOMB.
Chapter VI - The mouthbreather-proof play - THE AKIMBO
Still a dumbass that can’t make a play? Still want to go long? Well then, I got a dumbass-proof trade for you. I present to you THE AKIMBO:
STEP 1. You play this full blast. You need some real Russian hardbass to get you in the right mood for trading, cyka.
STEP 2. Split your play money in 3. Remember to keep extra bankroll for POUNDING THAT SHIT.
STEP 3. Use 1/3 of your cash to buy SQQQ 9/18 $5p, pay $0.05. Not more than $0.10.
STEP 4. Use 1/3 of your cash to buy TQQQ 9/18 $20p, pay around $0.45. Alternatively, if you’re feeling adventurous, 7/17 $35p’s for around $0.5.
STEP 5. Use 1/3 of your cash to buy VIX PUT SPREADS 9/15 $21/$20 spread for around $0.15, no more than $0.25. That is, you BUY the 21p and SELL the 20p. Only using Robinhood and don’t have the VIX? What did I just tell you? Well fine, use UVXY then. Just make sure you don’t overpay.
Chapter VII - Quick hints for non-mouthbreathers
Quick tips, cuz apparently I'm out of space, there's a 40k character limit on reddit posts. Who knew?
Good luck. Dr. Retard TQQQ Burry out.
“… A treasure, yeah, a treasure.On Rhodes Island, operator Folinic finally receives a message regarding Dr. Anton after waiting in the communication room for twenty hours: she was last seen in one of Leithanien's cities, where a catastrophe had just struck a month ago.
“If there's a treasure to help us too… that'd be nice.”
“Wolumonde, meaning the eighth moon, formed the brilliant business sector with its surrounding seven cities in Northern Leithanien—.https://preview.redd.it/yx2roamal3a51.png?width=1280&format=png&auto=webp&s=d95bd30561d4793d2cef8b82443d06e6c378640d
“That’s what the book said.”
“Why, why are those outsiders interfering with our own problems!Severin took care of the last few infected rioters. He thanks Folinic for their help, and tells her to talk later as it isn’t safe here. Folinic glances around at the street that isn’t so different from other places, and Suzuran wonders how it’d be if everywhere was so nice to the infected. But Folinic thinks that the atmosphere is too odd. Even Leithanien wouldn’t let the infected roam the streets as they please.
“And you! Severin! Your son died in that fire, and yet you’re still helping those assholes!”
Severin: She is missing.Severin says that Anton set up a campsite outside the city to help take care of the infected, but a fire, which they deemed to be an accident, destroyed it, and Anton left Wolumonde soon after. He apologizes, as he too doesn't wish Anton to come to harm, but there have been many suspicious personnel wandering in the outskirts of the city whom he believes are simply bandits trying to nab something from the disaster. Folinic questions why they’re simply wandering around and not raiding the city, and asks Severin if he knows about Reunion. Severin replies that he does, but it isn’t something a small city like Wolumonde will worry about.
Folinic: … Gendarme, you shouldn't act so frivolously when talking about such a topic.
Severin: The truth is frivolous, simple, and light. Just like how you are furious, but you are not too surprised. You have already guessed, haven't you?
Severin: We did receive an infected doctor who called herself "Anton". During the most difficult times in Wolumonde, she helped us take care of many infected residents. We deeply thank her.
Folinic: So your way of expressing your thanks is to tell us that Anton is missing?
Representative: … How long can we keep hiding it?Severin tells Tatjana to look after their new guests. After she leaves, he recalls Folinic’s sorrowful expression, and wonders why Tatjana never looked sad when Thorwald could’ve become her husband.
Severin: Did you see her expression?
Representative: … Yes.
Severin: Indeed, perhaps Rhodes Island isn’t a company that will extort us for benefits, but they will go to unexpected lengths for lost comrades.
Severin: It’s the same for us.
Representative: But… it shouldn’t count as our responsibility, no, in the end, didn’t those damn infected set the fire!?
Severin: We don’t have evidence.
Representative: But we can’t just take the blame for it!
Representative: We are tolerant to these infected, but how did they treat us? After the gendarme squad left, there are infected acting out against us every day!
Severin: … Yeah, the truth is frivolous. Do you see this match? The match is more reliable than the truth.
Suzuran: … Miss Tatjana, if you’re feeling sad, it’s better if you say it out loud.Folinic asks to inspect the corpses, and Tatjana agrees. She suddenly notices a name tag on one of the Rhodes Island crates, and it belonged to Anton.
Suzuran: I can feel it, it’s filled with sorrow here.
Suzuran: There were… a lot of discontent, a lot of happiness, a lot of pain, but they’re all gone now.
Tatjana: Is this… some sort of Arts?
Suzuran: No—I’ve just seen too many things like this. Everyone likes to hide their thoughts, but that isn’t good.
Suzuran: Maybe I’m just overthinking it, but, if you always force yourself, you’ll make the people around you worry.
Suzuran: You can cry. No one is going to say anything.
Tatjana: Officer…He already knows that Tatjana led Rhodes Island to the scene of the fire. Tatjana wants to trust them, but Severin says that if every Rhodes Island operator he meets is a good person, he’ll be worried instead.
Severin: I told you, when we're alone, I'm not your officer. I'm Thor's father, your uncle.
Tatjana: No, officer, you… you were planning to kill that infected.
Severin: … I won’t deny that.
Tatjana: That will aggravate the conflict… ! And you shouldn’t act out against those who were once Wolumonde’s family!
Severin: Despite him telling the rioters the fact that Wolumonde is lacking its gendarme squad?
Severin: You know what it means, Tatjana.
Tatjana: But you shouldn’t be so heartless—
Severin: Unless you know everything, it’s difficult for any of us to make the right decision. We don’t have a choice.
Severin: If objectively, a great banker or prophet told me that a few deaths will return peace to Wolumonde—
Severin: I will do it, no matter who it is.
“… If I tell you, the supplies have diminished due to the increase in the infected, will you believe it?https://preview.redd.it/j7syjk5yl3a51.png?width=1280&format=png&auto=webp&s=bafaf31371b8289a6b171bd1bffb4edc02b8e984
“No, whether you believe it or not doesn’t matter. Do they believe it?
“They’ll tear down the doors of the reserve, inspect every grain, before they trust our words.
“Then, are we just going to let them tear it down?
“They incite, they raid, what they did today was only for their own survival, and leaving the rest to starve. Putting it bluntly, they’re looking for an excuse to rob.
“Rhodes Island is an expert in infected issues, of course I believe that. Dr. Anton’s professionalism and your battles are proof enough.
“—Is oripathy the only hardship in this land?”
“Reunion started a wildfire. From the past, the present, to the future, it will live on in every corner of this land.Mudrocks says that they’re just people on the run since they left Kazdel. She also knows that the fire wasn’t an accident, but since she doesn’t trust Rhodes Island completely, she refuses to divulge more information. Greythroat tells her that unrest is brewing in the city, and her men are inciting the infected residents. Although Mudrock agrees that the riots are bad, she won't make them back down until a murderer is found, and exits. Greythroat decides to continue the investigation on Wintergeist.
“But, Reunion doesn’t represent all of the infected.
“So, what about you? Are you a local Leithanien, or an exile from elsewhere with sins and conspiracies?”
It was a fragile brach♪
Wintergeist, ah Wintergeist♪
Tired of a long-lasting life and death♪
It resiliently sang its song♪
It sang for a summer♪
And for a winter♪
Wintergeist, ah Wintergeist♪
Severin: … I don’t know if I should tell you these, this is beyond what Rhodes Island needs to know…Another explosion. The infected have captured the patrols in Twelfth Note Street. Severin gathers his forces and prepares for a battle, telling Rhodes Island that they can act as they see fit, and promising them that he will give them a satisfactory answer after this is over—if he is still alive, that is.
Severin: If a gendarme told these things to a foreign corporation, it’ll upset some nobles very much.
Folinic: Nobles… ? Upset??
Folinic: —Anton sacrificed herself for you! Is this the time to save face!?
Suzuran: Sis, sister Folinic! Sacrifices… shouldn’t be an excuse for quarreling.
Suzuran: Officer Severin… ! Can you stop this search? It’ll only aggravate everyone’s emotions, and make matters beyond saving!
Folinic: … No, the only clue is in front of our eyes, we can’t miss it.
Folinic: Severin… all those mobile cities in Leithanien, all those nobles in their high towers, who ever cared about your wellbeing?
Folinic: Even if the Great Rift occured, if nearby mobile cities gave their aid, will there really be a famine?
Folinic: Severin, figure out who’s helping you!
Ayerscarpe: This rescue is beyond our plan. Are you all right without any protective equipment?
Greythroat: I am.
Ayerscarpe: —Surprising. The Miss Greythroat in rumors wasn’t someone who would enthusiastically accept originium. I was worried about that.
Greythroat: … I just don’t want too many tragedies. Saving lives come first, save the talk.
“… Who do you think will burn down a medical campsite that takes care of the infected? The infected themselves?The group returns to Severin, and he thanks Rhodes Island for rescuing Tatjana. Ayerscarpe informs him that the captured rioters claimed to be part of Reunion. If they are led by Mudrock, then things will become more difficult. Severin decides to return to the Assembly Hall before making his decision. Despite Folinic wanting to fight too, Greythroat tells her that as a medical operator, she should stay and help the wounded.
“Only the ones who can’t stand the infected will do such a thing, you should trust us—
Mudrock: …In the Assembly Hall, Greythroat asks Severin how the identity of the corpses are confirmed, since according to the rioters they encountered, there were four infected who died in the fire, but Severin has said prior that there were only three.
Sarkaz Soldier: We’re just going to let ourselves be used by them like this?
Sarkaz Soldier: … If they actually borrowed the name of “Reunion”, what would happen?
Mudrock: … They surely will declare so.
Mudrock: We will be hunted down.
Mudrock: A city of this size can’t deal with us, but… but what if it’s an entire mobile city?
Sarkaz Soldier: Leithanien is filled with cities and high towers. All those bankers and musicians and nobles watching over the land, any one of them is troublesome enough.
Mudrock: Arrogance will destroy them.
Sarkaz Soldier: And arrogance is what allowed Leithanien's dirty invasiveness to be controlled.
Sarkaz Soldier: Perhaps we should stop involving ourselves in Wolumonde. If we continue, we will be left without options.
Old Man: But… hey… as a Wintergeist, when I first saw the boiling furnace move the city, was I angry? Did I feel helpless? I only remember that I cried.A catastrophe messenger who is supposed to be dead is commanding the rioters.
Old Man: It was surging, burning, unstoppable… how could I take it on with my bow and shortsword? I fell in love with it… with this murder weapon…
Old Man: … But Biederman did it, that sly kid… a catastrophe messenger, an outsider, did what I didn’t dare to do my entire life…
Suzuran: —W, wait, grandpa! Did you, did you say Biederman—?
Suzuran: I remember that it’s the name of a Leithanien catastrophe messenger, but he should’ve died in the fire—
Old Man: Oh? Then I’m not sure… it was indeed him who were giving the orders.
Sarkaz Soldier: According to Sarkaz traditions, it’s simple. We’ll destroy this city, destroy everything. It's not hard.The infected and uninfected are already starting to fight. They accused each other, pushing all the blame onto the opposite side. Yet it seemed as if they didn’t know why they were arguing or fighting. They didn’t know why they took up weapons and went into the battle to their lives away.
Sarkaz Soldier: The most troublesome defenses, those automated casting devices, have stopped functioning due to the riots.
Sarkaz Soldier: Just give the order, and the moon will forever remain on the barren Wintergeist Mountains. Spring… won't come.
Mudrock: … This year's winter, will be long.
Sarkaz Soldier: Now, decide, Mudrock.
But now, before my eyes, they’re fighting, wanting to kill each other, and they’re insulting, cursing, blaming, pushing responsibilities.At the same time, Mudrock prepares to march into battle.
Mudrock: … Stop. At ease.
Sarkaz Soldier: Yes… now, we’re only a step away.
Mudrock: … One step can destroy this city.
Mudrock: But we won’t leave behind hope and continuity. They shout liberation, but they will only liberate anger and hatred. This is just a common, dirty march.
Sarkaz Soldier: Really? I actually don't mind. At this point, things can’t be wrapped up nicely.
Mudrock: This is the last chance… a chance for them, before we take this final step.
Sarkaz Soldier: … A chance to surrender?
Mudrock: No… A chance to resist, a chance for them to show their faith. Let us and them, on everyone's behalf… fight.
Sarkaz Soldier: A lot of effort for no return. As a mercenary, you're always the one to do that.
Sarkaz Soldier: Whatever, I'll listen to you.
Mudrock: —Soil and stone, rise.
Sarkaz Soldier: Chaos. This city was never together, like a cake cut into pieces.Folinic is at a loss. If Biederman is dead, then their last lead on the culprit is gone. Suzuran tries to stop the rioters alone, and is saved by Greythroat and Folinic. Severin’s forces are being pushed back, many are wounded, and Rhodes Island must try to stop this riot.
Sarkaz Soldier: Now, the last piece will crumble into sand. They don't have the strength.
Sarkaz Soldier: Even if we stop, even if we retreat, can they really survive?
Sarkaz Soldier: Leithanien will abandon them.
Sarkaz Soldier: The closest two mobile cities, the twenty-four high towers, not a single person of significance can see the struggles of a small city in the Wintergeist Mountains.
Sarkaz Soldier: … It's Rhodes Island. You're placing your hopes on a few kids.—————
Sarkaz Soldier: They're not mature enough. They couldn't stop all of this. It's too late.
Mudrock: … But they, are already warriors.
Sarkaz Soldier: Oh—?
Mudrock: The warriors have already entered the battle.
Mudrock: Have the others stand down.
Mudrock: We're moving in.
The Sarkaz ripped off the symbol of Reunion. She raised her hand, and stones crumbled and reformed.
The battlefield fell into silence. The rioters moved aside, and the resistors stepped back in fear.
And she took a step forward.
“Don't listen to his ramblings! Is it important who the culprit is!?Mudrock tells Severin that it's useless. Even if they fought, the winter and famine will still destroy this city. Severin chooses to believe in Rhodes Island and asks Mudrock to kill him, and Mudrock assures him that they will leave after his death, and stop the rioters from acting out.
“What we want is for the infected to no longer be oppressed, for the poor to no longer lay down their lives for the nobles! The Wintergeists can reclaim their land!
“We are Reunion—we will pioneer a new age—!”
Mudrock: … I see.Mudrock summons a golem with her life force to scare the rioters into obedience, and the other armed infected leave the city. Before Reunion leaves, one of the Sarkaz soldiers lend Severin a match for his smoke.
Mudrock: —We're retreating.
Armed Infected: What? But we…
Mudrock: I said, retreat.
Mudrock: If it's only a few… there's a way to cross the Great Rift and return to the warm areas.
Mudrock: No matter if you want to reclaim your land or take revenge on the rich… you'll all fall victim to the permafrost.
Mudrock: Do you want to last through the winter with your anger, or do you want to find warmth from burning the corpses of the innocent?
Mudrock: Since the culprit is dead, we should retreat.
Rioting Residents: But, but we will claim Wolumonde! It's our land!
Sarkaz Soldier: Shut up, Wintergeist. You only want rights. The right to comfortably hide behind the strong and pick up their trash.
Sarkaz Soldier: Don't question the leader, and get smarter, or I'll throw you into the barrens.
With the sound of crumbing stones, the Sarkaz turned their heads.
The street is burning.
The rioters leave, and the only reason why another conflict hasn’t arisen is only due to fear and intimidation.
The last piece of rock fell to the ground.
When the crowd is arguing, the former officer, Severin Hawthorn himself has fallen asleep.
He had a dream. He dreamt of the moon marching on the bright plains, dreamt of the women gazing at the stars, and the men rebuilding the pointy towers.
He dreamt of a giant that arose from the ground. It was his deceased son. He dreamt that giant blew away the catastrophe clouds, and filled the rift with godly powers.
He dreamt that the giant lifted up his home, and stepped towards the place where the snow had melted.
He dreamt that the giant was Wintergeist, and he was snow and water, the origin, the intersection between the wild and civilization. The giant remains upright.
He’s tired, but the violent bronchospasm couldn’t bring him back into reality.
He dreamt of himself holding a scythe. He dreamt of the golden wheat fields.
In the dream he smiled. He smiled as he cried.
It was the first time he cried since losing his son.
Biederman: You want to draw Rhodes Island over… ?The voice tells Biederman that this is the chance to atone for his sins. Unless he’s killing all of the good people and saving the evil people, he wouldn't hesitate—but who knows who is good and who is evil. If all goes well, both of them will die in this riot. “All for the sake of more lives.”
???: Ah… in our numerous collaborators, Rhodes Island is at the end of the list. At least on the surface.
???: We can’t expect them to save an entire city.
Biederman: Then… what you want is the riot itself.
???: I’ll find some excuse over at the high towers. Only with a fire will those nobles see the tragedies on this land.
???: Sigh, sometimes I really can’t tell if they’re too corrupted to see what’s going on, or they’re simply so far off from the ground.
Biederman: But, but many people will die…
???: Many people will die regardless. When Wolumonde’s condition turns worse, then there are plenty of reasons for a conflict within this mess of a city.
???: Not to mention… in the groups that followed Wolumonde, there are some special infected mixed in. They are armed, resistors. They will bring conflict.
???: If that’s the case, why don’t we pave the path for them, so as little people die as possible.
???: Well… you can underestimate me. After all it took me great effort to escape from my pursuers.
???: Tsk tsk, using ice Arts to hide myself in the snow, I’m almost freezing to death from my own Arts.
???: But don’t underestimate the possibilities birthed from Wolumonde. The worst possibilities.
???: Oh… you’ll kill me?
???: You won’t. In fact, in order to force one side to compromise, you will help the other side.
Biederman: Not necessarily. Thorwald… no matter who you have in mind, you are an accomplice. You committed a capital offense.
???: All right, all right… you can act as how you see fit when the time is right, but not now.
???: … And, I have to thank you. I originally thought to give “this” to some random angry uninfected, and wait for it to happen.
Biederman: … This is, the core of a casting device, where did you get it?
???: The Gramophones. That Gramophone. See it?
???: After it’s done, I’ll wait for you there.
???: That’s my grave, haha… it’s pretty close.
Biederman: You’re scared.
???: You always will be.
Folinic: Where can you go?In the end, Mudrock leaves, and Folinic's group brings Anton's body back to Rhodes Island.
Folinic: Kazdel, that’s not a nice place.
Mudrock: We’re not nice folks, Rhodes Island.
Mudrock: Real “nice places” won’t accept us.
Environmental, Social and Governance (ESG) has risen greatly in popularity in recent time. With many factors (including Covid) raising awareness around ESG it would appear there has never been a better time to invest in this market trend/values (besides maybe six months ago).submitted by GhostfacexProdigy to SPACs [link] [comments]
Government subsidies, decarbonization, climate change, industrial/infrastructure upgrades, technological advancements, ESG popularity, greenwashing and police brutality are but a few of the catalysts favouring ESG focused companies (ETFs, funds and SPACs like SPAQ/SOAC). The recent growth in EV market, solar stocks, renewable energy, Tesla, the Juneteenth stock’s and the green energy market (including SPACs - NKLA SHLL SPAQ) are but a few of the benefiters of this “movement” to date.
It’s not just day trading millennials (beckys/RH) who love this stuff but hedge funds are also benefiting from this trend (that is here to stay). It might be a personal belief of mine coupled with my passion for environmentalism but market trends do not lie (although can pop) – and if I can profit from this, why not?
SPAQ SHLL SOAC FMCI BMRG HCCH NKLA BLNK DGLY SOLO EVSI NIO UONE BYFC FMCI BYND RUN WKHS TSLA
Furthermore, ESG funds tend to outperform traditional investments (during downturns - like covid – and some SPACs were a safe haven (because of something called Escrow).
It seems like we need a SPAC ETF ESG focused on some of the above mentioned.. more like needed it six months ago (imagine the returns $$$)??
Very Basic (and inconclusive without further) Market Research:
![img](1cqt9q0rnva51 " ")
** all info sourced in links**
“A poll … by JP Morgan of 50 global institutions with $12.9 trillion under management found that 71% of respondents felt the economic shock of Covid-19 would increase awareness and actions globally to tackle climate change and “high impact, high probability” events like it. “Over the long run, COVID-19 could prove to be a major turning point for ESG investing,” said Jean-Xavier Hecker and Hugo Dubourg, co-heads of ESG and Sustainability at JP Morgan. “
The ESG SPAC Space:
There are a few (openly) ESG focused SPACs right now - SOAC is arguably the best. When you invest in a SPAC remember – you are investing in the team ie management, UW, legal and institutional backing (follow the money) C.R.E.A.M.
Sustainable Opportunities Acquisition Corp.SOAC
345m - 100% still in Trust18mo term – I like the short term (maybe we see a CCXX or BMRG early announcement)IPO May 6 2020 – Love the confidence of IPOing in the face of Covid½ Warrant/UnitCitigroup running the books soloKirkland and Ellis & Davis Polk and Wardwell are lawyers involvedCrescent term threshold of $9.2
“We believe that there are significant, attractive investment opportunities that exist within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. While investing in ESG covers a broad range of themes, we are focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from our management team’s commitment and expertise in executing such practices. We believe our management team’s experience allows us to evaluate targets in industries such as manufacturing (including auto, building materials), chemicals, services (including waste, environmental, construction), logistics (including transportation, distribution), technology (hardware, software, devices), agriculture (including biofuels) and energy (with focus on renewable generation, utility services, energy efficiency/management), among others. Furthermore, our target universe could include companies undergoing a transition to increase their environmental sustainability profiles, reflecting an opportunity to bring environmentally sustainable practices to companies that may not have historically been focused on environmental sustainability. We believe there is a wide array of companies undergoing this “brown-to-green” transition in our target universe. Companies in our target universe tend to have stable growth rates and would greatly benefit from access to public market capital.”
“The SOAC management team has extensive experience in operating and managing sustainability initiatives within a wide range of companies and industries throughout the U.S.”
“Scott Honour (the one and only**) serves as the Chairman of our board of directors**. Mr. Honour has over 30 years of private equity investment experience and has been involved in over 100 transactions totalling over $20 billion in transaction value. Mr. Honour is Managing Partner of Northern Pacific Group (“NPG”), a private equity firm, which he co-founded in 2012. Prior to that, Mr. Honour was at The Gores Group, a Los Angeles based private equity firm, for 10 years, serving as Senior Managing Director and one of the firm’s top executives. During his time at The Gores Group, the firm raised four funds, totaling $4 billion in aggregate, and made over 35 investments. Mr. Honour also served on the investment committee for The Gores Group. Prior to joining The Gores Group, Mr. Honour was a Managing Director at UBS Investment Bank from 2000 to 2002 and was an investment banker at Donaldson, Lufkin & Jenrette from 1991 to 2000. Mr. Honour began his career at Trammell Crow Company in 1988. Mr. Honour has served on the board of directors of numerous public and private companies including Solar Spectrum Holdings LLC, Anthem Sports & Entertainment Inc., 1st Choice Delivery, LLC, United Language Group, Inc., Renters Warehouse LLC, Real Dolmen (REM:BB) and Westwood One, Inc. (formerly Nasdaq: WWON), and is a co-founder of Titan CNG LLC and YapStone Inc. Mr. Honour earned a B.S. and B.A., cum laude, in Business Administration and Economics from Pepperdine University and an M.B.A. in Finance and Marketing from the Wharton School of the University of Pennsylvania.
David Quiram serves as our Chief Financial Officer. Dr. Quiram has over 20 years of leadership experience in technology, strategy and finance organizations with a deep understanding of the chemicals, emerging technology, bioscience and energy sectors. Previously, Dr. Quiram served as Head of Financial Planning and Analysis and Tax at GenOn Energy (“GenOn”) from 2017 until 2019 where he was responsible for standing up the financial and administrative functions of GenOn as a stand-alone entity from NRG Energy Inc. (NYSE: NRG). Prior to that, Dr. Quiram served as Head of Investments for Enterprise Services of Hewlett Packard Enterprise (NYSE: HPE) from 2014 until 2017 where he directed investments into products and services. From 2010 to 2014, Dr. Quiram was with Accenture (NYSE: ACN) as a Senior Manager in their Strategy practice focused on transforming utilities, independent power producers, and energy retailers. From 2006 to 2009, Dr. Quiram worked at multiple roles at TXU Energy starting in finance and later served as Vice President of Retail Pricing and Procurement where he led the pricing and hedging for TXU Energy’s retail portfolio. Dr. Quiram began his career at McKinsey & Co where he worked as an Engagement Manager from 2001 until 2005, and as a Research Scientist at DuPont (NYSE: DD) from 1998 to 2001. Dr. Quiram earned a B.S. in Chemical Engineering with Highest Distinction from the University of Virginia, and an M.S. and Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology.
Rick Gaenzle has agreed to serve on our board of directors. Mr. Gaenzle has over 30 years of private equity investment and corporate finance experience; he is the founder and currently serves as a Managing Director of Gilbert Global Equity Capital, L.L.C., the principal investment advisor to Gilbert Global Equity Partners, L.P. and related entities, a $1.2 billion leveraged buyout and private equity fund. Mr. Gaenzle has spent the last twenty-eight years at Gilbert Global and its predecessor entity, completing over 110 direct equity investments, co-investments and add-on acquisitions for portfolio companies. Previously, Mr. Gaenzle was a Principal of Soros Capital L.P., the principal venture capital and leveraged equity entity of the Quantum Group of Funds and a principal advisor to Quantum Industrial Holdings Ltd. Prior to joining Soros Capital, Mr. Gaenzle held various positions at PaineWebber Inc. Mr. Gaenzle currently serves as a Senior Advisor to Impact Delta, an impact-investing and impact-measurement advisory firm; an Operating Partner of NPG; and Chairman of Lake Street Homes, a single-family rental investment vehicle. Mr. Gaenzle holds a B.A. from Hartwick College and an M.B.A. from Fordham University.
Isaac Barchas has agreed to serve on our board of directors. Mr. Barchas is the President and Chief Executive Officer of Research Bridge Partners (“RBP”), a socially-driven investment company, which he founded in 2016. RBP uses both concessionary and nonconcessionary investment to create startup companies based on university research and advance those companies into the venture capital markets. Prior to founding RBP, Mr. Barchas led the Austin Technology Incubator (“ATI”) at The University of Texas at Austin from 2006 to 2016. ATI’s Clean Energy Incubator was the first university clean tech incubation program in the United States. During Mr. Barchas’ leadership, ATI companies raised over $1 billion in the capital markets. Mr. Barchas joined the university from McKinsey & Co., where he worked in the Chicago, Sydney, Auckland, and Dallas offices, from 1996 to 2006 and served on the leadership teams of McKinsey’s North American Healthcare Practice and Global Organization Practice. Mr. Barchas has served on multiple private company boards and on philanthropic boards including Pecan Street Inc., the largest analytically-focused clean energy and climate data consortium in the United States, where he was a founding board member. Mr. Barchas earned a J.D. (honors) and M.A. (Century Fellowship) from The University of Chicago. He received an A.B. from Stanford University (honors and Phi Beta Kappa).
Justin Kelly has agreed to serve on our board of directors. Mr. Kelly is currently the Chief Executive Officer and Chief Investment Officer of Winslow Capital Management, LLC (“Winslow Capital”), Nuveen’s center of excellence for growth investing. Mr. Kelly also serves as lead portfolio manager on the firm’s flagship U.S. Large Cap Growth Strategy. Mr. Kelly has been with Winslow Capital for over two decades and has transformed the firm from a single strategy, niche investment firm to a thought leader globally in growth equity investing with four strategies. Prior to joining Winslow Capital in 1999, Mr. Kelly was an equity analyst at Investment Advisors in Minneapolis. Prior to that, Mr. Kelly worked at Prudential Bache, from 1993 to 1996 as Investment Banker, and Salomon Brothers, from 1996 to 1997 as Investment Banker. Mr. Kelly earned a B.S. in Finance/Investments from Babson College.
Our management team will be supported by NPG, a technology and business services focused private equity firm based in Wayzata, Minnesota. NPG has considerable experience investing in ESG related portfolio companies with community impact, workplace diversity and integrity, and environmental resource management acting as cornerstones to key investment decisions. NPG has offset its carbon footprint to net zero, achieving CarbonNeutral® status. The partners of NPG have been involved in acquisitions, financings and advisory transactions totaling over $20 billion in transaction value and have significant experience investing across a variety of economic cycles and a track record of identifying high-quality assets, businesses and management teams with significant resources, capital and optimization potential. We believe that we will benefit from NPG’s prior experience.”
CEO BREIF INTERVIEW
SPAC’s tend to be 50/50 after merger IMOPotential EV or ESG bubble might be formingDoes anyone have an example of a SPAC in the last 15 years (or later) that has liquidated and didn’t pay out?(I honestly haven’t looked)I see 0.1% risk in SPAC shares/units long term (thanks to escrow)
Future (disruptive) ESG companies (like PureCycle) might want to try and avoid previous mistakes (like UBER) by going the public via the SPAC route... Its kind of a thing these days (thank you Covid) and helps them to make more money faster, price their deal properly/more efficiently and gain (those all-important wall street) connections – I see you SPAQ .. also anyone else see spacs drop in the WSJ?
Completely speculative possible ESG SPAC’s – IPOC/IPOB, HCAC/JIH, GMHI/NPA, SBE/ALUS/TDAC, **KCAC/**SSPK, or JWS/PTSH? Who else are we missing?? Who else will pivot like SHLL, SPAQ, HCCH or get a BlackRock PIPE??
Disclaimer: This is not investment advice and I have positions in some of the above.
TLDR: ESG trend is here to stay and SOAC is a ESG SPAC with great a great team
**check out the discord link for more info, resources and tools**
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