Tweet
I shorted FB this week, and would short TWTR too, but I don't think it's quite overpriced enough yet to be a safe bet. Maybe at 80 I'd short it. Both are going to $5 or under, imo.
-
-
Jiesen, I disagree, FB and Twitter are here to stay, at least for a few years. You wont see $5 on them. They are for the younger generations. I don't understand, but accept them.
-----------------billyComment
-
This article seems to make sense unless there's a dark secret about GSVC that's going to be revealed Monday.
------------------billyComment
-
That's what I was trying to say. Just bought a few November $10 calls at $3.70 anyway. It's only money.Originally posted by billyjoe View PostThis article seems to make sense unless there's a dark secret about GSVC that's going to be revealed Monday.
------------------billyComment
-
Louetta, and I bought more GSVC...May the Good Lord be With Me
----------------billyComment
-
GSVC going up. Have people seen the error of their ways?
--------------billyComment
-
Anyone still holding onto some GSVC? I have a tiny bit running on earning announcement.Comment
-
Yes, Looking for good guidance in 1 hour or I'm toast.
---------------billyComment
-
Net Asset Value Increases to $13.16 Per Share as of September 30, 2013
Not sure yet of the impact with Twitter looking forward.Comment
-
I'm going to roll my options out to December and later further if necessary. The results as of 9/30 and the subsequent move in TWTR and the size of the stake GSVC has in TWTR make me continue to believe the NAV is close to 16 right now if not a tad more. To quote Elvis ... fools rush in...Comment
-
I will have to listen to the call, but $16 NAV may be a bit optimistic short term. TWTR may add $2.00 NAV, but $3 will take some time.Originally posted by Louetta View Post
That is probably why it is also down AH ($13.11, ouch)
I think there are some other IPO's on deck for 2014 as well, so even though I am down I will hold for now.
I like covered calls to reduce my cost as well.
-AdamComment
-
Well 13 was my limit and it got hit AH. I'm out of this one. Better to take a small loss now and preserve my capital than a larger loss later if things do not turn around. Plus the earning conference call did not sound as if management had alot of amazing things to day.Comment
-
The Good Lord was not with me. Although GSVC spiked over 14 shortly this morn, I'm out.Originally posted by billyjoe View Post
---------------billyComment
-
From the GSV Capital SEC Filing on September 23, 2013.
GSVC owns 1,835,600 common shares of Twitter at a cost of $31,755,821. This is approximately 15% of the NAV of GSVC. This $17.30 per share.
TWTR is $42 as I write this. I am ignoring the preferred shares. The common shares are now worth approximately 1,835,600 times $42 = $77,095,200, an increase of $45,339,379.
Assuming all of the other holding of GSVC remain constant, the NAV is now
$290,634,907 divided by 20.3 million = $14.32 per share. The current price of $13 per share is approximately a 10% DISCOUNT to NAV. I do not know the discount/premium history of GSVC. Assuming it normally trades at par, we can expect the stock to move up about ten percent, all things staying the same.
I am going to buy some here - best time to buy is when the price is low.
There is a posting on the Yahoo GSVC message board. It says that SEC FORM N-2 FILED FOR $400 MILLION STOCK TO BE ISSUED BY GSVC. I searched the SEC website and could not find this filing. The current NAV of CVC is just under $300 million. It is pretty hard to believe that they would dilute the common stock by over 100%. I believe this is just someone ignorant of the facts trying to beat down the price of GSVC common. Perhaps they are short.Last edited by mimo_100; 11-12-2013, 02:20 PM.Tim - Retired Problem SolverComment
-
Perhaps a good call. Later in the day it went as low as 12.56. Cost me $.11 per contract to roll my Nov $10 calls out to December, raising my cost to $3.81 ignoring commissions.Originally posted by billyjoe View PostComment
Comment