Author Topic: What are you buying today?  (Read 2206499 times)

randomep

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Re: What are you buying today?
« Reply #630 on: June 12, 2014, 03:50:26 PM »
Interesting gary..  it doesn't exactly scale though, does it? :)

Also it is not liquid, I don't think there is a secondary market for it :))


stahleyp

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Re: What are you buying today?
« Reply #631 on: June 12, 2014, 03:53:20 PM »
Paul

PatientCheetah

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Re: What are you buying today?
« Reply #632 on: June 12, 2014, 03:57:47 PM »
risk as little as possible until all the stars have aligned

Longer Term: FB MSFT BABA JD YRD

gary17

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Re: What are you buying today?
« Reply #633 on: June 12, 2014, 04:24:09 PM »
Create a few more accounts and use different names!  There's money to be made here, you just gotta do the work!

JBird

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Re: What are you buying today?
« Reply #634 on: June 12, 2014, 05:07:19 PM »
Gift cards going for curious prices:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=231251221870

And seller is charging $2.32 for email delivery...
Woman and wine, games and deceit, make the wealth small and the wants great. - Ben Franklin

PatientCheetah

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Re: What are you buying today?
« Reply #635 on: June 12, 2014, 06:36:55 PM »
Gift cards going for curious prices:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=231251221870

And seller is charging $2.32 for email delivery...

buying using stolen credit cards? I was curious why there were so many gift cards on sale at 80-90 face value. Then I learned hackers were laundering stolen gift cards using these gift cards reselling sites. The discount is warranted because any stolen cards have some possibility of being cancelled.
risk as little as possible until all the stars have aligned

Longer Term: FB MSFT BABA JD YRD

JBird

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Re: What are you buying today?
« Reply #636 on: June 12, 2014, 07:33:14 PM »
Gift cards going for curious prices:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=231251221870

And seller is charging $2.32 for email delivery...

buying using stolen credit cards? I was curious why there were so many gift cards on sale at 80-90 face value. Then I learned hackers were laundering stolen gift cards using these gift cards reselling sites. The discount is warranted because any stolen cards have some possibility of being cancelled.

That makes it clear why cards should sell at a discount, but the one I linked was selling at a premium. The face value was $50. It sold for $162.50.
Woman and wine, games and deceit, make the wealth small and the wants great. - Ben Franklin

gokou3

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Re: What are you buying today?
« Reply #637 on: June 12, 2014, 09:24:59 PM »
Most likely MONT is a fraud. But with PDSTI acquisition, shorting it may be too dangerous ? PDSTI could acquire it and IPO in Chinese stock market.



MONT Jan 2015 20 - 15 put spreads at 55 cents

Tilson Right, Chinese company is a fraud buyout not real:     8 Profit
Tilson Wrong, Chinese company is a fraud but buyout real: -1 Loss

http://seekingalpha.com/symbol/MONT?s=mont


Why I Just Made Montage Technology Group My Largest Short Position
Whitney Tilson Today, 12:30 PM 2 Comments
China Orders Montage Technology To Cease Production And Sale
Aristides Capital Today, 8:13 AM 25 Comments

    Montage's stated set top box revenue is not consistent with its reputation as a very minor player; other brands dominate Montage by 10:1 to 35:1 among suppliers and finished goods.
    Montage produces the majority of chips in a 5 million chip per month black market; China's government recently ordered them to "stop illegal production and sales activities immediately".
    Excluding illegal chips, Montage trades at roughly 10x revenue. Neither PDSTI nor anyone else is likely to buy MONT at this price. Any of numerous catalysts could drop MONT precipitously.
Yep that's why I bought put spreads that pay you $5 if it's fraud for the premium of 55 cents. I also would t short this for fear of halt risk and borrow risk. Some guys who successfully identified frauds got destroyed by borrow when share were halted for months. Anyways, the base case is obviously thT the deal goes through and I lose my money, but when you see a company that has delayed SEC filings announce a buyout 20 minutes after a seeking alpha article cries fraud and the acquirer is some state owned thing, I think it's a decent bet to taken given the odds the options market is giving you. Obviously to be done in small size. I know people have mixed feelings about tilson, but I think I agree with him that betting against this thing is a good risk reward , and the put spreads make it more appealing.

I cloned the exact trade today, but only got 11 contracts filled at $0.55 spread.  Like the risk-reward.

In China, "only the fakery is real".

Thanks for the idea.

fareastwarriors

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Re: What are you buying today?
« Reply #638 on: June 12, 2014, 10:32:43 PM »
Gift cards going for curious prices:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=231251221870

And seller is charging $2.32 for email delivery...

buying using stolen credit cards? I was curious why there were so many gift cards on sale at 80-90 face value. Then I learned hackers were laundering stolen gift cards using these gift cards reselling sites. The discount is warranted because any stolen cards have some possibility of being cancelled.

That makes it clear why cards should sell at a discount, but the one I linked was selling at a premium. The face value was $50. It sold for $162.50.

That is crazy  for that premium. but i buy a ton of gift cards online and often times see ppl pay for more than face value and in my mind I'm just what....

randomep

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Re: What are you buying today?
« Reply #639 on: June 15, 2014, 09:21:40 PM »

Bought EUPIC:ATH, European Reliance General Insurance SA

http://bovinebear.blogspot.com/2014/06/why-i-bought-european-reliance.html