RE:RE:RE:RE:RE:RE:RE:RE:RE:The case that FIRE is about to shake its demons and rip I was referring to you suggesting I was scheming with you over private message on shorting when it never happened.
On the short side, I would have some concern if you don't own FIRE.DB as a hedge. It's possible the narrative will become APHA buying FIRE with the relationship between the CEOs and the FIRE.DB maturity being catalysts. Still lots of time for that to play out.
Hope you don't make money on your FIRE short but it likely won't impact my position.
brentkosta wrote: You think im dishonest. Interesting. One thing that I have been the entire time is honest. Brutally honest which the kiddies here dont much like.
Youre right I have no money to invest. I lost it all going short on FIRE. Bummer
Method wrote: I'm actually honest unlike yourself.
My ACB is around 50 and I will trim some on the way up but I expect to own the vast majority of my position until the YTM is closer to 10-15%. There are some relatively risk free returns available at those rates so I rather own those all else being equal.
Are you short stock or not have any money to invest in anything else?
brentkosta wrote: Method. Care to be upfront and tell us what you bought those DB's at? Im just wondering if you are hoping others buy the price up so you can get out of your lousy position. No judgement if thats the case. Its common practice here on SH
Method wrote: maritimedreamer wrote: HI Method, although you have presented some very strong arguments for Fire.DB (had to do some research since) i am still a fan of the equity..... i believe the liquidity as well as the potential SP appreciation is far above what the DB will be able to offer. But as you have stated, right now a rising SP will rise both boats. I believe your investment strategy is sound, but i believe long term the equity will outpace.
Thanks for the civil response.
Why put all of your eggs in one basket though? You probably don't need liquidity on 100% of your position.
Even if the common does nothing for the next year (I know that is not your base case), you still make 300%+ on the FIRE.DB. Do you think the stock will be meaningfully north of $1 by next July?