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  1. #1
    Senior Member Reputation points: 54989
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    Just wanted to add seems 20-29M was used to buy on deck stock today..now today's news was great but with tens of Billions in hedge fund money with the best analysts on staff seeking bargains and game-changing events 30M alone tells me the real big smart money has not come to the table today. (perhaps they are sitting on the long island railroad or on choppers to Bedford and/or Greenwich studying the stats for a late party entry). will see.
    Marcus Clapman | Business Development | Cresthill Capital
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  2. #2
    Senior Member Reputation points: 341293
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    Quote Originally Posted by mcaguru View Post
    Just wanted to add seems 20-29M was used to buy on deck stock today..now today's news was great but with tens of Billions in hedge fund money with the best analysts on staff seeking bargains and game-changing events 30M alone tells me the real big smart money has not come to the table today. (perhaps they are sitting on the long island railroad or on choppers to Bedford and/or Greenwich studying the stats for a late party entry). will see.
    Nobody has cared about the stock for a long time. The Company has somewhat shifted their model and starting to show profitability. If it continues, it's not the fin-tech crowd that buys as their is a lot of scorched earth with the Company. Value financial services funds will take a look. Let's see what happens next quarter and watch the volume. Volume precedes price every time.

    You have to look at this company differently than the original investor groups. The model seemed great, but the Company could not stop the bleeding. Lower cost of funds and better customers for the future are key.

    Remember...Schwab started out as a fin-tech company that was going to revolutionize the brokerage business. The fin-tech investors got in and out. When the Company became an asset gatherer a different type of investor base started supporting the Company as they executed on their plan: Get the customer! Give them easy access to markets and plenty of products and gather their assets. All at a cost that is a better value than most traditional brokerage firms.
    ONDK Shorted 50K in lots of 10K with an average of 14.21. My buy stop covered me at 4.57 and I was a little pissed, but glad it was triggered. Have a long buy order down at 7 thinking the stock may drift back a little as volume slows.
    Last edited by Kevin Henry-Seacoast; 08-08-2018 at 09:03 AM.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

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