The SOS Short Squeeze Heard Around the World

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The SOS Short Squeeze Heard Around the World

InvestorPlace2021-04-23

SOS stock went on a 28% run earlier in April but has since run out of gas. The latestInvestorPlacecontributor to write aboutSOS Ltd.(NYSE:SOS) is Tezcan Gecgil. She suggested on April 19 that the ...

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Onlys
·2021-04-24
$SOS Limited(SOS)$ we shall see
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KingMickey
·2021-04-23
??
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ALIBINHASSAN
·2021-04-23
I have been burnt by SOS... don’t want toget burnt again.
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- ALIBINHASSAN:
  Time to buy back now I think
  2021-04-28
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- cutemiao:
  Me too. Won't buy this anymore
  2021-04-24
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She suggested on April 19 that the ...</p>\n\n<a href=\"https://investorplace.com/2021/04/the-sos-stock-short-squeeze-heard-round-the-world/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SOS Short Squeeze Heard Around the World</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SOS Short Squeeze Heard Around the World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 14:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/the-sos-stock-short-squeeze-heard-round-the-world/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SOS stock went on a 28% run earlier in April but has since run out of gas.\n\nThe latestInvestorPlacecontributor to write aboutSOS Ltd.(NYSE:SOS) is Tezcan Gecgil. She suggested on April 19 that the ...</p>\n\n<a href=\"https://investorplace.com/2021/04/the-sos-stock-short-squeeze-heard-round-the-world/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOS","symbol_name":"SOS Limited","start_time":0,"source_url":"https://investorplace.com/2021/04/the-sos-stock-short-squeeze-heard-round-the-world/","article_id":"1179803660","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179803660","pubTimestamp":1619157704,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"SOS stock went on a 28% run earlier in April but has since run out of gas.\n\nThe latestInvestorPlacec","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOS":"SOS Limited"},"translate_title":"全世界听到的SOS短挤声","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOS":0.9},"content_text":"SOS stock went on a 28% run earlier in April but has since run out of gas.\n\nThe latestInvestorPlacecontributor to write aboutSOS Ltd.(NYSE:SOS) is Tezcan Gecgil. She suggested on April 19 that the euphoria surrounding SOS stock is at an end.\nThat’s a polite way of saying the company’s latest endeavormining cryptocurrenciesis a poor choice, and most rational investors have lost interest in the company.\nA couple of weeks earlier, SOS stockjumped 28%on news the company had become the latest short-squeeze target forWallStreetBets, the Reddit group thatrose to fameduring the firstGameStop(NYSE:GME) movement in late January.\nReddit traders, convinced that SOS was the victim of unsubstantiated claims by short-sellerHindenburg Research, started beating the war drums to take out the short-sellers. It jumped to $15.88 a share before losing steam.\nAs of midday April 22, 2021, it’s trading at $4.15 a share.\nMy colleague stated that SOS hasn’t revealed annual financials since June 2020. That was for fiscal 2019. The 20-F for fiscal 2018 didn’t get filed until November 2019. It’s anyone’s guess when SOS will file the 20-F for fiscal 2020. It could be in June, or it could be November. Who knows?\nIn the meantime, I wouldn’t be surprised if another short-squeeze rally presents itself in the days and weeks ahead.\nWhatever you do, don’t be fooled. This isn’t a $5 stock. Here’s why.\nI Wasn’t a Fan of SOS Stock At $6.50\nIn March, I argued that SOS stock wasthe last investment you should maketo benefit from blockchain technologies.\nThe March 30 purchase by accredited investors of 25 million ADS (American Depositary Shares) at $5 each raised$125 millionfor its cryptocurrency mining operations with the potential to raise an additional $125 million from warrants attached to the issue that has an exercise price of $5.\nThat all sounds very promising. After all, who in their right mind would invest $125 million in something that has no redeeming qualities? I sure wouldn’t.\nBut what precisely are these redeeming qualities?\nAccording toInvestorPlacecontributor Muslim Farooque, SOS’s crypto-miners are already deliveringBitcoin(CCC:BTC-USD) revenues.Approximately one-thirdof the 15,600 crypto-miners it’s acquired is in operation, with the remaining 10,600 ready to go soon.\nFarooque points out thatRiot Blockchain(NASDAQ:RIOT) only has 11,500 operating at the moment. Game, set and match for SOS.\nWhile I respect my colleague’s opinion, I find it hard to believe that anyone would back a company that provides so little information about its financial situation. Its website leaves a lot to be desired.\nIt did, however, point me to itssix-month numbersthrough June 30, 2020. On the top line, it had sales of $9.9 million, a gross profit of $79,000, and an operating loss of $2.6 million.\nI guess that’s better than a kick in the head. But this equates to a $700 million market capitalization? I don’t think so. Annualize the $9.9 million and you get a price-to-sales ratio of 35.\nNuts.\nThe Bottom Line\nThe Reddit supporters like to talk about thedemocratization of investing. You know, the whole leveling of the playing field, and all that.\nThe problem is that it doesn’t address an obvious issue that retail investors face each day: the lack of information.\nNo, I’m not talking about Google. I’m talking about how the Securities and Exchange Commission (SEC) blindly lets companies such as SOS trade on the New York Stock Exchange. The information contained within its SEC filings is woefully inadequate for most retail investors to make an educated decision about investing in its stock.\nI’ve talked many times about my vision for the democratization of investing. It involves being able to buy 25 stocks on 25 stock exchanges in 25 countries using a smartphone.\nHowever, to make that happen, each of these countries must ensure that proper documentation is made available by public companies in that country to investors of all types.\nSome would say they already do. If SOS is any example, I would disagree.\nAs for investing in SOS stock, Tezcan Gecgil pointed out no less than seven ETFs that made smarter bets on the blockchain and cryptocurrencies. I totally agree with her argument.\nThe short squeeze likely isn’t coming. Do not buy SOS stock based on wishful thinking. You will get burned.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":372686659,"gmtCreate":1619201500171,"gmtModify":1704721239817,"author":{"id":"3572850338146832","authorId":"3572850338146832","name":"Onlys","avatar":"https://static.tigerbbs.com/395973f6a070d2e0cb52edd69e9e4d93","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3572850338146832","idStr":"3572850338146832"},"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a> we shall see","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a> we shall see","text":"$SOS Limited(SOS)$ we shall see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372686659","repostId":1179803660,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372102950,"gmtCreate":1619183920570,"gmtModify":1704720914239,"author":{"id":"3566378427346351","authorId":"3566378427346351","name":"KingMickey","avatar":"https://static.tigerbbs.com/601dcd580c30cd444f1a167fc54f20ad","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3566378427346351","idStr":"3566378427346351"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372102950","repostId":1179803660,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372040765,"gmtCreate":1619162377557,"gmtModify":1704720598066,"author":{"id":"3570479349727470","authorId":"3570479349727470","name":"ALIBINHASSAN","avatar":"https://static.tigerbbs.com/1a7c31b79e7bff28841c5f18dca737f4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3570479349727470","idStr":"3570479349727470"},"htmlText":"I have been burnt by SOS... don’t want toget burnt again.","listText":"I have been burnt by SOS... don’t want toget burnt again.","text":"I have been burnt by SOS... don’t want toget burnt again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/372040765","repostId":1179803660,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4156285,"gmtCreate":1619575848530,"gmtModify":1680785954065,"authorId":3570479349727470,"author":{"id":3570479349727470,"idStr":"3570479349727470","authorId":3570479349727470,"name":"ALIBINHASSAN","avatar":"https://static.tigerbbs.com/1a7c31b79e7bff28841c5f18dca737f4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372040765,"type":1,"supId":4116290,"prevId":0,"content":"Time to buy back now I think","text":"Time to buy back now I think","html":"Time to buy back now I think"},{"id":4116290,"gmtCreate":1619214789047,"gmtModify":1680785320892,"authorId":3574384014717887,"author":{"id":3574384014717887,"idStr":"3574384014717887","authorId":3574384014717887,"name":"cutemiao","avatar":"https://static.tigerbbs.com/bb482433c2ea26132373994768ab7de2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372040765,"type":1,"supId":0,"prevId":0,"content":"Me too.&nbsp; Won't buy this anymore","text":"Me too.&nbsp; Won't buy this anymore","html":"Me too.&nbsp; Won't buy this anymore"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":5,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}