Alright I have to go do something i don't know what. Maybe drive the ole' Jeep a bit. I have a stuffed left ear and I use that for listening for oncoming traffic but maybe a drive in the country side is in order. The trouble is yesterday I saw three different cop cars, they are cracking down on these new arrivals- New Yorker's who drive fast. I am an old arrival New Yorker having been up here in Ct 13 years already every summer and on weekends. I do not want to get stopped in the current environment! They say I can sound sarcastic...when I shift into an old time South slang... Which I always seem do when dealing with law enforcement... Here's to my wife for putting up with me since 1994. We got married on this day in 94' that happened to be the same night the Knicks were in the playoffs and OJ was on the run. Oh what a night! Half the wedding party was in the kitchen of this space we had rented watching a small TV led by my wife's brother. My Mother walked around handing out CD's of my little brothers music oblivious to the fact that I was getting married. We had rented an entire ferry boat to take us from Patchoge Long Island to Fire Island and a whole group of us flying on ecstasy made the journey in an extra long limo the kind that always crashes. -SI
Hi Stoney. They have an Ollies in Waterbury and Manchester CT. There's 21 in NY, and 6 in Jersey. Tap in your zip code on their website. They do sell camping and lawn and garden stuff. They're pretty cool stores really. Great place to buy books. Incredible book selection. The stock is pricey, but there's several reasons. I'll get to that later. Now your thesis on camping, here's my opinion Stoney. People who decide that because of Covid, camping will now be their family thing to do... those people are folks of modest means at a minimum. People like that who have heretofore never ventured into a realm such as camping (i hate it btw...)... they do research. Tents, gear, whatever. They use the internet. And people like that, they're gonna use AMZN, and rightly so. Price compare most items on AMZN vs Dicks, there's no compare. Unless it is in fact items that are price controlled by the manufacturer. Like Yeti I suppose, or other top brands of various sporting goods. Anything DKS sells, AMZN sells, and AMZN has all the cheap knock-offs that in many cases.. are apples to apples. DKS stores are huge and expensive af. Always located in the highest priced retail sections of any major city. I mean that's good, but the costs... and the taxes. That also limits growth. By comparison, Ollies always opens up stores in decent areas, but in strip centers with vacancies. Ollies is a "destination store", ie people specifically head out of their hovels to grace one. Renovation costs per sqf are minimal. Their stores are well laid out, but they don't spend a lot on fluff. These are not Target Stores lol. This is a huge component to their growth story. The stores don't have to be pretty, its what's in them that matters. Name brand stuff at 60% off. They've buried Piglots... $BIG... in every market they've entered. BIG has over 1600 stores... Ollies has only 360 in 25 states. Growth potential is huge. Same store sales continue to increase also. That's the reason they are so pricey. All things being equal stoney... imo.... instead of buying your wife some Dicks for the anniversary, I say go with Ollies. DKS is overpriced, its a mature model imo. It should not command that PE. Ollies has huge growth ahead, and if they do load up on quality inventory due to so many other companies shutting down or just dumping inventory for cashflow, then Ollie's organic growth and same store sales should reach new highs. OLLI- $96.50 DKS- $41.50 Lets see what happens going forward. Note, ollies had a nice bounce off of $95 today, but there's a little gap around $92. That $95 bounce today might be a floor going forward... assuming the broader tide stays above 2900 S&P.
You don't ever go short do you Stoney? Oh well, but in the spirit of the thread, "Ideas for now", an article caught my eye the other day about cashew farmers in West Africa. The crop is being left to rot due to Covid and its effect on the folks required to harvest it. A very high risk demographic there. Poverty, lack of healthcare, sanitary conditions etc. Not good. https://www.reuters.com/article/us-...w-market-some-crops-left-to-rot-idUSKBN23J15R Now Hershey's ($HSY) has had quite the run over the last several years. Comfort food for fat people I guess... either way its at $133, off from an all-time high near $160. The recent drop was attributed (by the company) to a drop in sales due to Covid. So its off its highs, no big deal. But where am I going with this? Hershey's and cashews? NOoooo. 75% of the worlds cacao bean production comes from that exact same region of Western Africa. I remember stupid little facts like that. So if cashews are rotting on trees.... what's going to happen to this year's coco bean crop? Get the idea? Prices soar. Hershey gets f'd. Lets put it on the short watchlist and see what happens. HSY $133
I can't bring myself to go short. It feels Un American to me. I have been thinking how can I buy this VIX is their a time stamp on it or can I just buy some VIX for downside protection. In a full on crash that would go up a lot but wht are you acryally buying and who is going to pay for it? It's all so confusing. Yea deff cannot buy the wife dick.... But Olli I like the idea Van! Oh look how GAN did after the CC at 11:00 (check the time chart) GAN Limited (GAN) NasdaqGS - NasdaqGS Real Time Price. Currency in USD Add to watchlist 23.25+1.31 (+5.97%)
Ok Stoney... In my unwavering dedication and ongoing benevolence to the ET community here, I took it upon myself to visit an Ollies today. I gotta call it as I see it. It was a f'n dump. The shelves were a mess, they were under-staffed, and.... it was just a pos all in all. Now the books... I highly recommend it for those here that actually read real books. Dirt cheap. Big selection. Probably a commentary on the way things are these days. These publishers run more than they can sell of a second edition or whatever..... and they wind up unsold sitting in boxes somewhere. I remember ordering several of O'Reilleys "Killing *****", be it Jesus, Reagan, or Patton for top dollar on AMZN... $3.99 now. Can't beat that. (I wonder what Bill O is up to these days. Probably getting ready for the new Trump TV cable channel... https://elitetrader.com/et/threads/...lt-is-questionable.346159/page-2#post-5126190 ) Anyway.... not impressed. I might check out another one tomorrow. They didn't have what I went there to buy... a friggin garden hose.... ....cashier was nice. She said they can't keep them in stock. I wanted one of those accordion ones. The ones that shrivel up like... well.... there was an episode of Seinfeld about that. Either way... they had none. Shrivel, shrinkage, or not. A waste of a trip. But I did buy some interesting books. Lets take a pause on olli for a bit and let me do some more channel checks.
Noooooo. That keeps the market honest. If people could short this latest batch of penny stocks that the Robinhood folks are blowing up with, we wouldn't have 20 yo's jumping out windows. Slight hyperbole, but you get the idea. Short positions keep things in check, aside from the occasional squeeze.
It was a f'n dump.-- You're like a grumpy Peter Lynch. Well one thing I know about short positions is when you outlaw them the market goes up! I've heard MM make your argument about ' keeping things honest ' and then I ask how they made their money and they bet against some guys heath insurance-- he died early. Or took away someones house through betting against the mortgage market ... In the case of individual stocks I wonder if it's all about value or some sort of revenge. In my view everyone should be able to dream for the stars, they should be able to choose an investment idea and not have to worry that someone is borrowing off someone's else's account and taking shares that are resting at a brokerage and should be locked up and loaning them out without telling the owner of that stock.. and using that leverage, artificial as it is-- against the investor. So it's not really fair is it. You are not shorting a specific number of shares that are liquid in the market trading at that moment you are creating new shares by borrowing and if enough people do that at the same time then the whole share count / float is imagined and managed... Goal posts are continually moved. Since we are talking ' Big Picture " stuff-- here's a tricky question... I've been thinking about this a lot.. Could a stock that you invest in , X Company go negative? Yup you bought a stock for say $15.75 and through some manipulation, Quant rebooting, Index plunging event and overall market pile on, could that investment in X company go to a negative number. Say MINUS $6.00. WITHOUT the company going bankrupt. Think about it.
I'm not sure I'm following that. The float is the float. If a company has a 100M shares in the public float and the short interest is 6%, then 6M shares are short, but the float is still 100M, not 106M. Right? I do remember a funny quote by Warren Buffet though; someone asked him why he never goes short individual stocks.... he said "because I like to sleep at night."
Good day to daytrade this long probably. CNBC hasn't mentioned it, but Trump had about 2 dozen Tweets last night regarding grants to dozens of states for road construction. Check it out. Martin Marietta Materials too. $MLM