Yo Bro

Water Cooler Investing
#1

how big you shorting Zynga?

http://finance.yahoo.com/news/10-brands-disappear-2015-172428388.html

#2

I’ve never had a position in Zynga. It’s big, crowded, and already down a lot. It’s probably a stupid idea as a long but it doesn’t fit the profile for me.

#3

true. forgot u dont mess with that size. thoughts on the rest of the list?

#4

SFLY is probably an okay place to look but wouldn’t be top of the list for me. At some point it will probably be a great short if it gets commoditized (I don’t like seasonal businesses for the most part).

LULU, rather be short than long here but no position.

ARO is a dog but no position. I hate teen retail.

I don’t know the others.

#5

What about CYNK?

#6

WOW a reverse merger, zero revenue, OTC stock with a >$5B market cap in a stupid business…! I liquidated everything in my fund and went all in on CYNK this morning, with leverage.

Do something SEC, just put down the porn for 10 minutes and regulate. Please…

#7

WOOOOOOOOOW I’m way up on CYNK now.

291 million shares out, seems legit

#8

http://www.streetinsider.com/Insiders+Blog/UPDATE%3A+Cynk+Technology+(CYNK)+Lunacy+Should+Be+Ended+by+Regulators/9652047.html

StreetInsider.com has placed a call with FINRA about the stock. FINRA’s media relations was unfamiliar with the situation but is now looking into the matter.

I feel better already

#9

This might be the single dumbest thing I have ever seen in the stock market.

#10

Holy crap its on the WSJ front page today

http://blogs.wsj.com/digits/2014/07/10/a-social-network-with-no-members-but-a-4-billion-valuation/?mod=WSJ_hpp_sections_tech

#11

did u write this bro lol

http://www.valuewalk.com/2014/07/cynk-technology-corp-cynk-no-revenue-no-assets-no-problem/

#12

http://www.businessinsider.com/cynk-technology-2014-7

#13

Nope

#14

If ever you doubted that the SEC is completely and totally 100% useless and does nothing, doubt no longer. How the f–k this can exist is beyond me. It’s obviously an offshore pump and dump designed to defraud idiot retail investors. You can see that in 5 minutes (really it takes about 1 minute). Why this has been allowed to go on for weeks is beyond me.

#15

lolZ

In a filing with the SEC, however, the company says it “does not have an employment contract with its key employee, the sole shareholder who is the Chief Executive and Chief Technical Officer.”

According to data from Bloomberg, Sanchez owns 210 million shares of the company.

#16

I thought about shorting it a few days ago, maybe I should have bought it instead…

#17

is it hard to borrow

#18

There are no shares to borrow. It will get halted at some point so it’s 100% money good but would be extremely risky and volatile until then. There is a skilled short seller on SA who wrote this up at 1/10th the price (ouch). Sign of the times.

I don’t do this but I think you can make a lot money identifying the pump and dumps early, riding them up, getting off the train and then shorting them. Execution is hard so that’s easier said than done but when it works you will make a fortune on both sides. I usually just try to short them after they start breaking down if there is borrow.

#19

Bro = BSD

I for one am very happy he posts such helpful and insightful stuff.

#20

^+1