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It's official: Dallas, TX and New York, NY – May 17, 2021. AT&T Inc. (NYSE:T) and Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international...

Spacs!!

Stripe as well, but their last valuation was something silly like $95B, which would make PSTH stake fairly insignificant. True on Publix, Ackman flat out said in the interview last week that he’s got zero interest in grocers and that there is a lot of current disruption in that space.

Bloomberg would be a great business. It’s mature and is a cash cow with its terminal services. However, there’s not that great of a moat? Ackman also said it would be “recession proof” and “markets could stop tomorrow and still make money” That doesn’t seem to fit. Lastly, as mature as Bloomberg...

There are countries (UK) that outright banned vacation rentals for months. The entire country had basically been in full lockdown since December through March+ when the UK covid variant started going apeshit.

Most Americans still operate this way. "I can afford X amount per month house, car, etc." Real costs / common sense be damned.

Just announced Binance facing Justice Dept and IRS investigations. COIN lower with this news. @Sanrith Descartes

Fully agree, but there should be some personal responsibility too. People were just deluisional thinking house prices would just carry on as they were. Just like stocks, past peformance does not equal future results. Otherwise reasonably smart people were just oblivious to the glaring issues...

At the open, 236k share bid at 24.50 on PSTH ($5.7m). Wowza

If SPY can't hold 403.38, there is a pure air gap down on the daily chart to 400.67. Feeling we might be testing 400 today, which is a technical and psychological support level. If we give that up.. who knows? Plus heading into the end of the week? QQQs are running into an ascending support...

Wow.

500k share buys just hit. New high of day on PSTH.

AAPL just hit 100 day SMA. Market looks very weak here though.

Timestamps Ackman Quotes: 4:20 - "Been working on a transaction since November" 4:37 - "Get a transaction done in a relative short time.....weeks." 7:00 - "iconic, phenomenal, great business....."

Either way, I am excited. Adding up previous Ackman comments, they filed PSTH2 back in January and he recently said it would not go live until the PSTH deal is done. I think he is fairly confident in sealing this deal.

The long rumor has been Stripe, then later rumors swirled of a 3 way deal with Stripe + Plaid. Rumors for sure, but "complex" box ticked.

see below

Can you imagine the entity that dumped ~700k shares yesterday around 22.50? Up 5% now.

Said this could be done in "weeks". One target theyve been working on since November.

Live in less than 15mins. Holding and hoping.

Forget YoY, with all the covid stuff skewing things. I think the more telling picture is month on month. Expected 0.2%, actual 0.8%. 4x expectations is pretty bad.

CPI report came in with 3% yoy inflation. Markets spooked and dumped. Will be an interesting day.

Monster volume sell on PSTH. About 700k share dump. Stop loss raid?

Re PSTH (Ackman is a WSJ Future of Everything festival speaker):

AAPL block trade 2.5 mil shares at 09:07:31 at $126.85

PLTR first technical support level (pivot) is mid $14s. Going to need some catalyst to get this moving again!

Feeling like we see a spike down in market with stop loss triggers at the open, causing more panic. Looking to buy some bargains today!

Looks like order spoofing to me. The big seller appears and disappears randomly. Continued algos pushing spacs down? Good way to force out the weak hands and pick up bottom prices.

Looking at a red open. Looking around for some bargains and I see PSTH Level 2 has a 30k Share seller sitting at 22.75.

PTON a day trading dream today. Respected technicals textbook today. Lots of short and long opportunities off well respected intraday pivots and vwap.

Cathie Wood on CNBC discussing ARK

Everyone is expecting stellar earnings with reopenings. It's priced in already, in my opinion.

*Correction* : EVERY broker that has "free" comissions are selling your order flow. A day trading professional brokerage, like Lightspeed, you can pay for direct routing to the exchanges. You pay commissions on every trade, plus ECN fees based on the exchange, but it is the fastest direct...

Employment huge miss. Expected nearly 1mil, came in under 1/4 of that. Yields tanked, QQQ exploded higher.

I know nothing of mining since about 7+ years back… just curious on the numbers of this rig. How long would it take to mine an Eth coin? How long would it take to pay itself off? (Excluding power costs)

True. It's going to take some real fear mongering to drop another ~$15.

Careful. The beats are being sold. It is red and heading lower. No forward guidance given, which is not normal for them. Conference call is going to be interesting.

@Blazin ARKK back to lows today.

Biden administration wants to uphold Trump's China investment ban. Hence the dip.

Well, last year we had big green market days on awful unemployment numbers. Only makes sense that it doesnt make sense!