I’ve been seeing numerous reports talking about Mike Pence being able to “choose the next president”, depending on who he chooses for the senate president. I’m wondering about how big of a deal is this.
After witnessing the GME explosion, I went looking last week for other stocks with high short %, and ideally low volume. One in particular stood out to me -- SKT, Tanger Outlets.
The average volume over the past 3 months is 3.55m, and has been slowly building -- the avg volume over the past 10 days is 10.82m, so some scouting and positioning has clearly already been done.
The float for this stock is only 89.64m shares. That's way less than other recent meme stocks like NOK (5.6 billion), BB (508 million), and comparable to AMC (102m).
Given that AMC has a similar float, I then checked out the short % of the float -- for SKT it's 75.26%. AMC is 38.12%.
Furthering the case for SKT, the open interest in puts has been dropping drastically. 4th largest OI put decrease.
SKT recently reinstated their dividend, and being a dividend/real estate stock, this seems to be one that is safer to hold, and that current holders are less likely to try to exit on a pop. I live right near one of their outlets, and you wouldn't think we were in a pandemic with all the traffic it has. Even if malls begin to shutter their stores, outlet stores generally stay open as the stores relocate their inventory to the outlets for clearance, figuring bargain hunters will go scoop them up.
At the start of this year, a new CEO was installed - Stephen Yalof, who previously headed up Simon Property Group (SPG). He was CEO of SPG starting July 2014, when SPG stock was at 168.19, and hit a high of 227 a few years later. He ended up departing SPG in April 2020, obviously after the pandemic/crash.
Melvin Capital, as of 9/2020, was short 1 million shares of SKT.
This seems like an extremely attractive target for a short squeeze to me and I ended up buying shares and leaps last week, and intend on holding for a while. The charts the past couple days have been following other meme stocks, but not as drastic -- up 10%, down 8%, etc. Twice today the stock bounced off the 14.50-15.00 range, and it seems like the AH orders showed that as well
There's certainly some resistance at $20, but given the low volume and high % of float, OI put interest dropping sharply, I think it's a matter of time before this one hits t... keep reading on reddit ➡
Indestructible hands (can’t be cut or crushed or feel pain)
50% sleep (50% of your normal sleep is sufficient)
Most attractive (5% of people on earth think you are the most attractive person alive)
Power outlet butt cheeks (you have a fully functional power outlet in your butt cheeks)
Not sure if I am adding in too many outlets, this is a 1930 home and rooms had 2-3 outlets in the baseboards, and some rooms are 20x16 feet so they are large. I’m putting one on each side of a corner roughly, and towards the middle of a longer run. Do you put outlets behind doors for any reason? Would appreciate your process. I’ve done a lot of googling and of course everyone has their opinion, and I’m trying to stick to code and more.
Edit: Wow!! So many lives touched by lack out outlets. Seems like the answer is actually - even more outlets! Hardwired Ethernet to every room. I was planning a dedicated 20 amp outlet in every room too, might now actually add two in busier rooms. Love all the feedback.
Edit edit: what do you all think about outlets in closets?