jeffree
2 days ago
do NOT be fooled...
The Bi-monthly short interest report shows a drop...this month of about 3m shares...
but...Today alone, on higher-than-avg-volume...a Lot of short-selling... accounted for the price not moving even higher...Over 75% of sells were short-
Off-Exchange Short Volume 12,503,115 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 75.20 % - source: FINRA (inc. Dark Pool volume)
This stock Wants to go higher...Lots of Uncovered short positions...with Minimal hedge...
I am waiting for that critical point...where enough New buyers and existing shareholders control enough shares to put SI into the "danger zone"....and then...Alice...
JMO
(I have recently added about 25% more shares to my personal account...Everybody, including Institutions, please do likewise)😉
Stock Guy777
3 days ago
Lumen, Microsoft forge deal to drive digital transformation, AI initiatives
Lumen Technologies (NYSE:LUMN) has forged a strategic deal with Microsoft (NASDAQ:MSFT) to support digital transformation and drive AI initiatives across its organization.
Lumen (LUMN) has launched an enterprise-wide transformation to simplify and optimize its operations. As part of the partnership, the telecommunications company will migrate and modernize its workloads to Microsoft Azure, use Microsoft Entra solutions to safeguard access and prevent identity attacks, and partner with Microsoft to create and deliver new telecom industry-specific solutions.
This element alone is expected to improve Lumen's (LUMN) cash flow by more than $20M over the next 12 months, while also elevating the company's customer experience.
In addition, Microsoft (MSFT) has selected Lumen (LUMN) as a strategic supplier for its network infrastructure needs. Lumen's Private Connectivity Fabric will enable the tech firm to expand its network capacity to support rising demand on its datacenters due to AI.
jeffree
3 days ago
GOOG was looking to buy WIZ...internet/cloud security systems for $23 Billion...
but deal Not to be consummated...
Anyone think Lumen's Black Lotus security systems has any value to a large company such as GOOG or MSFT...???
I don't know, but they could get the whole LUMN Company for $23 Billion...ya think?
Vertical Intergration providing a conduit to many levels/types of customers...as well as the Security systems...
Am I just a dreamer...??...or could such companies buy up all the Lumen Debt on the market...buy up as many millions of shares of common stock as available in the market...Then acquire the balance of the Company...???...Then refinance any remaining debt at a lower rate...making the business Profitable...???
The debt would go to full value...The shares owned would soar...at the expense of 140,000,000 shorteds...and
everybody is Happy...!!?
(well, not Everybody)
Kate Johnson worked for Microsoft...a competitor to GOOGLE...so hmmmmmm...makes me wonder...
A bidding war for LUMEN would be delightful
JMO
just dreamin, probly...
jeffree
1 month ago
Look...Expiry is Today...
a Net 27,000 contracts on the PUT side will likely exercise into shares Sold...adding a chunk to the Short positions...
That's 2,700,000 shares...if all exercise...
WoW!
Puts
In The Money
Contract Name Last Trade Date (EDT) Strike Last Price Bid Ask Change % Change Volume Open Interest Implied Volatility
LUMN240621P00000500 4/26/2024 2:22 PM 0.5 0.03 0.00 0.02 0.00 0.00% 5 16,632 1,000.00%
LUMN240621P00001000 6/20/2024 3:41 PM 1 0.01 0.00 0.00 0.00 0.00% 317 21,387 50.00%
LUMN240621P00001500 6/20/2024 7:10 PM 1.5 0.43 0.00 0.00 0.00 0.00% 200 20,182 0.00%
LUMN240621P00002000 6/20/2024 3:14 PM 2 0.90 0.00 0.00 0.00 0.00% 3 7,329 0.00%
LUMN240621P00002500 6/7/2024 6:03 PM 2.5 1.21 0.00 0.00 0.00 0.00% 1 1,113 0.00%
LUMN240621P00003000 6/5/2024 5:02 PM 3 1.68 0.00 0.00 0.00 0.00% 10 97 0.00%
LUMN240621P00003500 4/29/2024 7:55 PM 3.5 2.29 2.12 2.28 0.00 0.00% 10 0 0.00%
LUMN240621P00004000 5/24/2024 7:33 PM 4 2.75 0.00 0.00 0.00 0.00% 10 13 0.00%
LUMN240621P00004500 4/22/2024 1:50 PM 4.5 3.20 3.05 3.30 0.00 0.00% 1 0 0.00%
LUMN240621P00005000 5/24/2024 7:56 PM 5 3.75 0.00 0.00 0.00 0.00% 18 0 0.00%
LUMN240621P00007000 12/11/2023 5:52 PM 7 5.60 5.20 5.65 0.00 0.00% - 0 0.00%
jeffree
2 months ago
the Jackals bragging about taking down the Share price a few pennies...hmmm
On a day when 70% of the recorded trade volumes were Short Sales...hmmm
Really...that is an accomplishment...???...hmm
Want to do something to brag about,, shorts?...Show how easy it is to Cover 145,000,000 shares...and keep the Share price from moving...
hmmmm...???
June 21, a week from this Friday... where will the SP close...???
How many PUT contracts will exercise...???...many into additional Short share positions...???
Verrry Interesting, no?
JMO
jeffree
3 months ago
I Am Watching...
and I ALMOST feel Bad....
for the Shorts...as they have positioned themselves...
on a scary, dark and dangerous, one-way street...😏
so...What kind of hedge can they have?...IF the Company does "well"...meaning surviving and "doing better than expected""...???
I don't see any amount of open interest in Call options that could even come close to offering protection...
What can they Do...but Keep Shorting...and acting like idiots on the Yahoo Finance board...???
WoW...
JMO
BTW...of Today's reported transactions, 80% of sells...were Short sells...
IF short positions were reported accurately...including Dark Pools and other "hidden" trading...possibly well over 150,000,000 shares...???...more...hmmm
jeffree
3 months ago
Something to Watch for...???...Naked/illegal shortselling...
(the Actual number of shorted shares might be a lot higher than reported...
I will defer further comment on this matter...until a later date)...
Naked Short Selling Is Technically Illegal — But It Still Happens
Though the SEC made naked short selling illegal in 2008, instances of naked short selling have occurred in the U.S since. One famous example happened fairly recently, with GameStop shares.
“The most infamous recent example of naked short selling was the GameStop saga in 2021, where traders reportedly sold short around 140% of its shares,” Turner said. “This meant that 40% more shares were sold short than existed, which is only possible with ‘phantom’ sales from naked short selling.”
What this means, essentially, is that naked short sellers deposited digital entitlements into buyers’ accounts, “which are like a promise or IOU to locate the actual shares and deliver them at some point,” Turner explained.
“However, when the short squeeze picked up steam, the lack of available shares meant that many short sellers failed to deliver these borrowed shares. This led to a parabolic rise in the share price and many trades not getting settled.”
Naked Short Selling Continues Via Loopholes
Naked short selling continues today, albeit on a much smaller scale than it did prior to 2008. Though technically illegal, the practice is able to be executed through numerous loopholes, including zero-plus agreements.
“One way that traders have been able to circumvent laws and regulations against naked short selling is by entering into ‘zero-plus’ agreements, which allow them to simultaneously enter into long and short trades,” Turner said. “This means they can offset any potential losses from naked shorting while avoiding penalties from regulators.”
Another loophole traders can exploit is called “payment for order flow.” In this scenario, brokers “receive payment for routing orders away from exchanges and into dark pools, allowing them to bypass certain rules or restrictions on their trades,” Turner explained.
“This can make it more difficult for regulators to detect cases of illegal naked shorting since trades are routed away from exchanges, thus making the transactions more difficult to trace.”
Yet another fast one traders can pull is to employ multiple entities (e.g., offshore accounts) that disguise their activities so as to not raise suspicion from regulatory agencies.
“For example,” Turner said, “if an entity enters into a complex network of contracts spread out over several countries, investigators will likely have difficulty tracing back all the interlinked accounts involved in a single transaction.”
Naked short selling, when carried out, however deviously, is a generally negative occurrence that can upset and confuse the market.