Cody Lister

@KeithMcCullough Here comes the clown…

Game 190 of the 2023 Season goes to The Bears

@elonmusk @JoeBiden Hahaha

@JoeBiden Please give him the password, so he can do his own tweets. Please, I’m begging you!

It’s about time the super-wealthy start paying their fair share.

@SimpletonWill @zerohedge Yeah…. that was my point.

@CodyBLister @zerohedge The one they have to vote on first before we can see it.

*MCCARTHY SAYS NOT EVERYONE WILL BE HAPPY WITH DEBT DEAL

@zerohedge Oh no, here we go…

Goldman on NVDA: "this might be the best TMT earnings print we've seen since that June qtr 2020 print from Zoom (ZM), when they beat revs by ~62%."

@The_RockTrading You sold 100 calls? If so, then your account might look like this tomorrow AM.

PAIN!!!

@JoeBiden That’s pretty funny

No matter what happens, you can hear Ron DeSantis’ agenda loud and clear.

@WallStreetSilv DeSantis was surprisingly coherent. I think he’ll win.

Republican Primary: After listening to the DeSantis announcement, who would you support? In the replies tell us, did you change your mind on anything?

@elonmusk @kylegriffin1 Not sure why the old media cares this much... Throwing stones like they’re running People or TMZ. Wreaks of desperation.

@kylegriffin1 I call it “massive attention” Top story on Earth today

New York Times calls the DeSantis announcement a "fiasco." NBC News calls it a 'melt down.' The Washington Post calls it "awkward." Politico calls it "horrendous."

@elonmusk @WallStreetSilv That’s awesome!

@WallStreetSilv Twitter new account signups just went ballistic

The obsolete news media is terrified that Twitter is dominating the news cycle for elections. The Twitter platform has far more potential than simple newspapers or cable TV news. They realize that and it terrifies them that they are losing their information gatekeeper role.

@BillAckman @HindenburgRes A $5.58 billion decrease in the value of Icahn's IEP margin loan collateral in a month. I'm sure Morgan Stanley Private Bank is sweating this right now, which is evidently who underwrote Icahn's margin loans based on this UCC-1 financing statement filed in Florida.

I have been fascinated by the @HindenburgRes $IEP situation, and there are some interesting learnings here. For example, one learns from $IEP that a controlling shareholder of a company with a small float that pays a large dividend can cause his company to trade at a large premium to intrinsic value, best approximated in $IEP by its NAV per share. The premium to NAV creates liquidity for the controlling shareholder by enabling him to access margin loans secured by overvalued shares that can be used to fund investments. The $IEP premium has been sustained by a large dividend yield, which is not supported by operating cash flows. The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors. This system has worked for a considerable period of time, but it is highly dependent on the maintenance of the premium and the placidity of Icahn's margin lender(s). $IEP stock held by Icahn is not a liquid asset as it represents approximately 85%+ of $IEP shares outstanding. The shares also purportedly represent 85%+ of his net worth so he apparently does not have much outside resources to draw upon. A sustained premium requires confidence in Icahn and $IEP. If Icahn were to sell any shares, the stock would likely drop precipitously as the overhang of additional sales and the further resulting loss in confidence would catalyze other shareholders to exit before the deluge. The problem Icahn has is that his system has been outed by @HindenburgRes. Transparency is not the friend of $IEP having caused a more than 50% decline in the shares, which has caused Icahn to post more shares, now more than 65% of his holdings. Further declines over the last several days will likely require additional postings. Even after the recent share price decline, $IEP still trades at a 50%+ premium to its NAV. Its performance history and governance structure do not justify a premium; rather they suggest that a large discount to NAV would be appropriate. Icahn's margin lender(s) must be extremely concerned with the situation, particularly in light of the recent involvement of the @TheJusticeDept, which will also likely be investigating the lenders' involvement in the situation. There is likely more than one margin lender involved here because of the very large size of the loan and the risk limits that margin lenders have. $IEP reminds me somewhat of Archegos where the swap counterparties were comforted by each having relatively smaller exposures to the situation. The problem is that multiple lenders make for a more chaotic situation. All it takes is for one lender to break ranks and liquidate shares or attempt to hedge, before the house comes falling down. Here, the patsy is the last lender to liquidate. I am surprised that Icahn has not disclosed the terms of his margin loans including who provided them. My understanding of the @SECGov 13D rules is that they require disclosure of sources of financing and even copies of financing agreements, although many investors ignore these requirements. Icahn's favorite Wall Street saying: "If you want a friend, get a dog." Over his storied career, Icahn has made many enemies. I don't know that he has any real friends. He could use one here. We are neither long or short. Just watching from a distance.

@elonmusk wow, this is what CNBC reports about DeSantis’ announcement to run for president… This is not breaking news.

@sparkle6193920 Probably a good time to start shorting NVDA at these levels.

I should have sold my house, lived in a tent ⛺️ and gone all in $nvda

@Liathetrader Meanwhile someone turned $100k into $1.4 million within half an hour.

If you think you’re having a bad day, imagine those who are short $NVDA 😹😹

@Liathetrader Seriously, that would suck.

@Mr_Derivatives Lol

$NVDA HOLY SHIT. Recession cancelled. Infact not only is it cancelled but but everyone wins a car… Courtesy of Nvidia.

@Liathetrader Nice one.

Also sold CASH secured puts on $SHOP (June $50), $NVDA (June $260) and $PLTR (Aug $13) all monthlies.

@HedgeyeRetail $PLCE was a clear short ahead of earnings. Its business model is failing and website traffic was down. Wouldn't be surprised if this ends up in bankruptcy like Foot Locker within the next two years.

Does $PLCE know how to NOT guide down? A perennial loser in retail. I'm not short it bc its cheap and I thought it was done guiding down. Some would call it a missed opportunity. I call it being wrong. Cheap can always get cheaper, especially when numbers are wrong.

@GavinNewsom Zzzz… give me a break.

CEO of Target Brian Cornell selling out the LGBTQ+ community to extremists is a real profile in courage. This isn’t just a couple stores in the South. There is a systematic attack on the gay community happening across the country. Wake up America. This doesn’t stop here. You’re black? You’re Asian? You’re Jewish? You’re a woman? You’re next.

@Liathetrader @SoulTCreations That’s Miami for you.

@CodyBLister @SoulTCreations Depends, I know plenty house wives who do nothing and still are tired for that 😂

Remember, no man is too tired or too busy for sex. Good night 😘

@Liathetrader @SoulTCreations Yes, women also work harder than most men so it makes sense why.

@SoulTCreations They are often tired for sex.