How are they going to straddle the bankruptcy and stay listed when their stock $1b distribution has to Hot I’m Pretty Sure I Only Need One More Bad Decision And Then I’ll Own The Whole Set Shirt be roughly 3x the current number of shares on the market while $1b is a fraction of their estimated current $20b (and growing) debt load. Didn’t they recently announce DIX has issues and hasn’t been just institutional dark pool buying but has been including retail somehow? Pretty sure I saw something along those lines.
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Anyone buying HTZ is signing up to be a bagholder. There might be a short term pump but in the end, HTZ will be gone and anyone left with shares will have nothing to Hot I’m Pretty Sure I Only Need One More Bad Decision And Then I’ll Own The Whole Set Shirt show for it. Nice to see a fellow eve guy graduating from eve spreadsheets into real risk. Touching this is a bad idea because it’s fully irrational. You might do well, you might do worse. It’s all up to how retail wakes up tomorrow. You can make a case for things going up on Monday but it’s not solid.
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Just to put things in perspective. The logical course of action. The bankruptcy resolving that’s is. Will make it’s worthless. Agreed. But going two years long on an irrational pump seems especially reckless. Profiting of a pump is one thing, expecting it to hold for two years is another. The most likely outcome is that stockholders will be wiped out. IV is too high to Hot I’m Pretty Sure I Only Need One More Bad Decision And Then I’ll Own The Whole Set Shirt bet on the opposite. It could be worthy of a gamble with some pocket money, if you are right, there will a high gain, but it’s so risky you can’t or shouldn’t be able to rationally justify putting any larger sum of money on it.
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