Market Value of Publicly Held Shares

Added on by C. Maoxian.

If you’re a small cap short seller, this is one of the key things you have to understand:

(D) Market Value of Publicly Held Shares

A failure to meet the continued listing requirement for Market Value of Publicly Held Shares shall be determined to exist only if the deficiency continues for a period of 30 consecutive business days. Upon such failure, the Company shall be notified promptly and shall have a period of 180 calendar days from such notification to achieve compliance. Compliance can be achieved by meeting the applicable standard for a minimum of 10 consecutive business days during the 180 day compliance period , unless Staff exercises its discretion to extend this 10 day period as discussed in Rule 5810(c)(3)(F).

Here’s Nasdaq’s Continued Listing Guide (pdf) from January 2019. The market value standard is currently $15 million. Once you know the size of the company’s common share float, you can quickly figure out what price “they” are trying to maintain for 10 consecutive days. Then you act accordingly.

Movies Watched -- Revenge (2018)

Added on by C. Maoxian.

108 minute running time. Some French language. Rape-revenge movie, ultra-violent and gory, buckets of blood, not leavened by enough humor, fairly low budget, girl in bikini toting heavy weaponry, this appeals to teenage boys, I guess … you know, sex and violence and “revenge” without any subtlety … no idea why it’s 92% fresh at RottenTomatoes, the rating system there is next to useless… avoid it, unless you’re a certain kind of teenage boy.

Lena Wilson correctly writes: “… though the film makes a valiant effort to subvert a sexist formula by shrouding itself in French art film trappings and pseudo-empowering femininity, it ultimately falls prey to its exploitative roots … the film sets itself up for feminist failure by buying into the violent rape-revenge premise at all.”

Tomb Raider Jen

Tomb Raider Jen

Movies Watched -- Beast (2018)

Added on by C. Maoxian.

107 minute running time and I could have cut out seven minutes to make the sacred 100 minute mark, but it wasn’t overly long, which is the case with nearly every movie made today. I liked this one, even though it’s a W.D. By movie (written and directed by the same guy).

It’s a sort of horror / thriller / mystery. Mental illness, stifling family relations (Mommie Dearest), island life (Jersey) … I liked the class angle (as always) … lead actress was good, really good, amazing red hair, I think she’s Irish, reminds me of Sally Hawkins … movie has a strange vibe which is kind of wonderful, thanks in part to the cinematographer.

It’s not a great movie, but it’s unusual and good enough to get a recommendation from me. Green light, go.

You need help.

You need help.

Trading Notes -- 20190208 Friday

Added on by C. Maoxian.

Weird mixed tone with eod spike (see chart below) … brief notes … quiet Friday … lowered stop on AMRS and they jammed me out which was of course a perfect spot to add, so I instantly re-shorted (revenge trading much?) but I still think I’m right and this was so low-volume shenanigan BS, dummy de-Gentile revealed his big short so now they have to drive him (and me) out … SNNA the only HTB play, miraculously IB got me some shares but not even enough for a full fill on ONE leg, annoying and messes up the whole thing, thank god it worked otherwise I really woulda been annoyed … used bookie broker (0.0369) to short some more but again couldn’t leg in due to PDT, dumb, must get money over there but I’m worried about the bookies booking back to Bermuda or wherever :-) But SNNA a beauty entered C, got no adds (see above) but got lovely minC Typ3 exits for a solid win… if you were playing the morning “flag” breakout you surely woulda been trapped and crushed a real disaster but that never happens to anyone at least on TWTR, ya know… COTY an earnings play and I was a little smartassy shorting the PO B level or at least I think that’s what I was doing, didn’t wait for C which I think is a rule, innit?, but of course it went against me and I was good about not adding in the PM (for once!), will be a small loss if I don’t pull the stop which I very well might since I’m a sicko… ARRY not getting to minC and I wish it would before ToS gives me another margin call in my rapidly diminishing $4K account, lol … HYRE was a yday HTB SDJ and today it did under a thousand trades EOD talk about being StuckAtaProfit don’t worry no one holds overnight with the 7x fee sheesh. BIOC did an offering PO those dirty bastards, I recall shorting $3 just the other day and now it’s $1, but again, 7x ON holding cost. Usually I lose money on Fridays, often lots, but SNNA saved me today (bookie broker borrow the key there).

Lost and Lonely

Added on by C. Maoxian.

I dig this cover of what is probably The Cure’s best song. The bassist’s primal roar made me laugh out loud.

Dinosaur Jr. performs "Just Like Heaven" live in the KEXP studio. Recorded December 17, 2011. Hosts: DJ El Toro & Henry Rollins Audio Engineer: James Nixon Cameras: Jim Beckmann, Scott Holpainen & Patrick Richardson Wright Editing: Scott Holpainen http://www.kexp.org/ http://www.dinosaurjr.com/ http://henryrollins.com/

Americanization

Added on by C. Maoxian.

From this interview with Barbara Crossette:

“… but what is Americanization? You know, I'd say to people--they'd say, `Well, you know, Coca-Cola, you know, rock,' whatever. It--you know, it's not. It's--it is, but it isn't. And some of these things are--come from--it's human rights, it's the rule of law, it's the fact that the education system--we run it down all the time, but basically it works. Why do so many people want to come here? Because they know that when they come--if September comes around, the school's open and the children go to school, you turn the tap and the water comes out, electricity works, that the police have problems, but that there is a police force that, if your house is burglarized, you don't have to go down to the police station and bargain for how much money you have to pay for them even to register the case, people don't steal the stamps off your envelopes--I mean, the sense of civil society that works.”

I spent ten straight years in China, which made my love for America, and everything it stands for, that much stronger.

I also liked this line from her Singaporean friend, which is a folky version of 仓廪实而知礼节:

“When the tummy gets full, the mind gets hungry.”

Trading Notes -- 20190207 Thursday

Added on by C. Maoxian.

Broad tone neg, first trend day down in ages … I got a margin call in my $4000 ToS account on the ARRY as they gapped it against me, that was a surprise, never seen such a thing, it must suck to be a little guy, any kind of day trading just impossible if you’re short stacked, no wonder the kids go to the sleazy offshore bookie brokers, they don’t have a choice … anyway stopped out of ARRY and re-shorted it immediately in both ToS and IB. AMRS looked weak so I did the Smashian in the money add and it instantly went against me. Added more off today’s OR, but they drove me out. Made a sorta mistake not tightening stop on it, but did end up taking 1R loss (on one leg only, coulda and shoulda been three legs given morning action but I was confused by in the money add and old posish so thankfully took a smaller loss than I should have) on today’s trade … the larger AMRS play still underway, even added some more at C which was only semi-wise? Covered some MGNX at D since the range is so crazy there, I’ll be happy to be all out at minC, fingers crossed it’s way down there… two decent HTB plays this morning HYRE and ATOS (see below), I played neither, PULM a latecomer and instantly failed, I never woulda been quick enough, BIOC also briefly in play, I didn’t take the borrow, LCI earnings thought I’d get a play but they slammed it so hard during OR it was finished.

Trading Notes -- 20190206 Wednesday

Added on by C. Maoxian.

Broad tone slightly neg … my trading vacation hasn’t started yet since I needed to close up some old positions … and establish some new ones out of a sick need to gamble, lol. Adjusted targets in APHA and took it off for a decent profit, turns out the crazy sized add would have been good to hold on to but no I prudently scratched it, same goes for ZYNE which broke down dramatically but I had scratched the giant add so just took a normal minC Typ3 gain, which was impressive enough on its own… NVLN and TRVN the HTBs of the day, I was fortunate to choose TRVN (0.02) since it was picture perfect (see below) with a C entry and minC Typ3 exits, took a late in the day trade in ARRY in ToS and of course it looks like it will stop me out, zero for two in that account, ha! Something call MGNX, I called it Magnavox, went nuts, started shorting too early PO but it was fine since I sized it correctly (thank god) and got good adds at B & A, but I still might not make a dime in it, we’ll see, 1.5MM shares avail made it a must play, shorted AMRS again, we’ll see how it goes. EOLS woulda been a good play but I had a lot going on and went to gym at midday which will be a good new habit.

Tigers in Tiny Spaces

Added on by C. Maoxian.

I dig these old farts … that lead guitarist is almost exactly my age … the entire band shares my sartorial and grooming style.

http://KEXP.ORG presents Built To Spill performing "Living Zoo" live in the KEXP studio. Recorded July 24, 2015. Host: Cheryl Waters Audio Engineer: Kevin Suggs Cameras: Jim Beckmann, Luke Knecht & Justin Wilmore Director: Scott Holpainen Editor: Jim Beckmann http://kexp.org http://www.builttospill.com