Ironically, I was served with a Jury duty summons this past week. Process starts in October. It will most likely be a civil trial based upon the court building. Would love to sit in a criminal trial for once (Last time was a civil damages case) and feel what it is like to be a robot and try to weigh evidence like that. Could help trading! But a civil trial will do.
this is not going to any discovery in my opinion. If there is a contract issue it will go to arbitration and there is no discovery wide open for non material issues, only whether one party violated the terms of the contract. No one gives a shit why so Musk does not get to tlak about bots and other fantasies. If contract says he committed with his actions and is in default then he will have to pay penalties under the contract settled by arbitration. 9 out of 10 major contracts have arbitration clauses.
And its funny when I asked, no one was talking about it... now it's all the buzz across all the financial talking heads. And that's why I asked.... if Twitter has been less than transparent long before Elon (I wrote verbatim this AM) >>> watch out below.
Got jury duty only once (able to get out of many other summons) and figured being a lawyer at the time was a one way ticket out. Sadly both attorneys had no objection and I sat for a drug possession case. We spent the first 30 minutes of deliberation handling the crack cocaine in the evidence bag because I had never seen it up close. 2 half days and then an hour or two deliberating so not a major case by any stretch. I definitely would not want one of those 2 week murder trials. White collar crime would put me to sleep.
You guys just had to go there, didn't you. You know I cannot resist. El Gato, I will need you as my attorney when Baron puts me on trial for video spam.
Well, (i also posted earlier) the option action on the whale side of things today was most definitely bullish for TWTR. We're talking 10's of millions in bull put spreads.
Lol, are you serious? So you fondled what is effectively baking soda powder that has congealed. That was a weird jury box!
This will be a very interesting case though. I bet he doesn't plead down and it goes to trial. Unless they offer some kind of manslaughter with probation and no time.
Implied vols still relatively high I think on TWTR options so I can see plenty of sales of puts OTM with some hedges ot make them bull put spreads. Musk being out of the deal or having ot buy above market are both bullish for twitter I would think so stock could see significant support here. I could see support in the $25 - $30 range. Near weeklies trading at 80% vols and 1 month out still above 70%. OTM put spreads out 1 month trading at 75 - 80%.