“Management’s success in securing capital to avoid a near-term bankruptcy has clearly been a positive for investors.”Short interest as a percentage of free float was 12%, according to data from S3 Partners, down from 61% in December. It’s rare that David and Tom formally agree on the exact same stock – it’s only happened 25 times over the entire history of Motley Fool Stock Advisor. One of its most prominent members made some purchases in December that could benefit from the new Biden administration. In London, shares of Cineworld Group Plc, another favorite among short sellers, jumped as much as 21%. “The thing is it’s not the majority of those people and eventually a whole bunch of people lose money.”(Updates with comments from Chamath Palihapitiya and adds share price move in the seventh paragraph. These countries will be added to China, for which, we implemented such measures on January 30th, 2020. “The data is compelling and out of an abundance of caution, the government of The Bahamas has decided to implement border control and quarantine measures for people coming from those countries. 1. Restaurant bankruptcies continue to pile up. While raising their price target to $10 from $1.60 to reflect the stock’s recent surge, they noted that GameStop is in “a weaker not a stronger place” and reiterated their underperform recommendation.“While it is difficult to know how much very high short interest and retail ownership could continue to put upward pressure on the shares, we think fundamentals will again factor into valuation,” analysts led by Curtis Nagle wrote in a note. Non-residents currently en route to The, While there remains no reported or confirmed cases of COVID-19 in The, http://www.prnewswire.com/news-releases/the-bahamas-ministry-of-foreign-affairs-updates-border-control-and-quarantine-measures-for-persons-coming-from-selected-countries-301019291.html, Steven Cohen reassures Mets fans on his involvement in GameStop stock frenzy, Corn Futures Touch Fresh 7-Year High on Roaring China Demand, White House says telecom equipment made by vendors such as Huawei is a threat to national security, Nokia not aware of any reason for share surge, COVID-19 Response Team: Federal government has 2-3 day vaccine supply on hand, remainder sent to states. Denied Entry to 1,200 applicants ... it is “committed to carrying out the mandates of our agency to combat illegal migration by establishing effective border control management to ensure compliance with the Statute Laws of our country. My daughters inherited my ex-wife’s 401(k), should they convert it to a Roth? Shares of GameStop and AMC Entertainment Holdings more than doubled on Wednesday, forcing hedge funds to retreat with heavy losses and sparking calls for scrutiny of social media-driven stock market trading. Traveler Benefits 1. Effective immediately any non-resident who has visited South Korea, Iran or Italy in the last twenty (20) days will be denied entry into The Bahamas. Senator David Perdue, a Republican, was criticized for making numerous stock trades during his six years in Congress. Melvin Capital’s mistake, if it can be called that, was leaving footprints behind in the marketplace. If they convert, invest prudently, and leave the funds alone, in 2030 they could get a good chunk of money tax-free at a time when they may be in a higher tax bracket. They were up 204% as of 1 p.m. in New York after earlier reaching the highest level since October 2018. “Hey stock jockeys keep bringing it,” he wrote on the social media platform.Until this year, Plotkin, 42, had one of the best track records among hedge fund stock pickers. A cohort of twelve (12) Immigration Officers led by Mr. Dwight Beneby, Assistant Director […], EMERGENCY POWERS (COVID 19 PANDEMIC) (NO. Pelosi could now have a conflict as she works to pass clean energy initiatives from which her family could profit. Easier Domestic Connections - Accept tighter connection windows at U.S. airports and be less likely to miss a domestic connection. Here's an FAQ about what's going on with the market and what "Wall Street Bets" is. Before long, veryforestgreen weighed in: “Melvin Capital New Short Attack.” Then, greekgod1990: “Melvin vs WSB! U.S. Assistance to The Bahamas U.S. foreign assistance to The Bahamas supports the key goals of improving maritime and border security, bolstering law enforcement and counternarcotics efforts, including demand reduction, strengthening the criminal justice system, and improving interdiction capabilities. Big Short investor Michael Burry issued a warning. ... says it is committed to carrying out the mandates of the agency to combat illegal migration by establishing effective border control management to ensure “compliance with the Statute Laws of our country. (Bloomberg) -- GameStop Corp.’s breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate.The shares rose 157% to a session-high of $380 shortly after 11 a.m. in New York, leading to at least two volatility halts. The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine … On Wednesday, they touched an intraday high of $20.36.“While the recent move in AMC shares has been extraordinary, we remain positive on the outlook for the domestic box office coming out of the pandemic,” B. Riley analyst Eric Wold said in an email to Bloomberg. Cuba will close flights from The Bahamas and some other destinations as of January 1, 2021 and reinforce border control measures following COVID19 positive cases from its neighbours! If the 401(k) was funded with pretax contributions, any amount converted will be taxable to them but converting to Roth could be a good move because at 21 and 23, they are likely in a low tax bracket. NASSAU, BAHAMAS — Bahamas Hotel and Tourism Association (BHTA) President Robert “Sandy” Sands has expressed his confidence in the destination’s ability to meet the travel requirements for all air passengers travelling/returning to the US.. Sands stated: “The new viral COVID cross-border testing protocols for travel to the US, which includes the rapid antigen test, … Here's a list of 17 stocks expecting up to 966% EPS growth. In operation since 1952, Preclearance has proven benefits for all major stakeholders in the air travel industry. The Ministry of Foreign Affairs refers to the press release of the Nassau Airport Development Company (NAD), regarding the Government’s decision to close the borders of The Bahamas, to all incoming passengers, effective 27 March. Highly shorted stocks are being targeted by some investors trying to force people who have bet the prices will fall into covering. Married women traveling with a Birth Certificate and Photo ID with different names (maiden name) must bring along a copy of the marriage certificate showing the name change. The Border Management System (BMS) was the first phase and was deployed to all points of entry into the country. It's something that was noted by none other than the founder of Reddit Alexis Ohanian who shared some thoughts on Twitter. Silicon Valley genius predicted the top tech stocks of 2016, 2018, and 2019. The attack on Plotkin’s six-year-old Melvin Capital shifted the balance of power in ways that would have seemed unimaginable only months ago. AT&T Just Reported Earnings. He said he will donate $500,000 from his profits and original position to the Barstool Fund for small businesses. According to the Director-General's 4, The data is compelling and out of an abundance of caution, the Government of The, , 2020. 1. Benzinga does not provide investment advice. A classic $50 short can lose multiples that amount if the stock soars. The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine measures for persons coming from those countries. The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine measures for persons coming from those countries. U.S.-BAHAMAS RELATIONS The United States established diplomatic relations with The Bahamas in 1973 following its independence from the United Kingdom. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's giving away his top pick for free right here. The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine … BAHAMAS MINISTRY OF TOURISM & AVIATION STATEMENT ON COVID-19. See how... AT&T saw a huge net gain in wireless subscribers for the fourth quarter, but it also offered guidance that calls for little to no growth in sales and earnings in 2021—likely much softer than investors had expected. Sean Astwood, Deputy Premier and Minister of Border Control and Employment Services, thanked the Bahamas for its willingness to collaborate with the TCI. Griffin, his partners and the hedge funds he runs at Citadel threw in $2 billion and Cohen’s Point72 Capital Management, which already had about $1 billion invested in Melvin, ponied up another $750 million.Cohen, one might argue, was bailing out his own investment. That Cohen would step in made sense, given his longstanding relationship with Plotkin -- and an initial investment of about $200 million in the firm that had grown to about $1 billion.Griffin, who started Citadel in 1990, has a history of swooping in when others are in distress. What if I'm in my 40s and don't have a retirement fund? The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine measures for persons coming from those countries. The data is compelling and out of an abundance of caution, the Government of The Bahamas has decided to implement border control and quarantine measures for persons coming from those countries. An earlier version of this story corrected a title in 19th paragraph. Reddit and its r/wallstreetbets forum have become powerful, unpredictable forces in the market, sending certain stocks unexpectedly to the moon. The advance means the video-game retailer’s market value has risen more than 20 times this month alone to about $26 billion, making GameStop bigger than more than a third of the companies in the S&P 500 Index.The meteoric rally has left short sellers counting the cost in a battle with day traders who have taken to the Reddit social media platform to encourage others to follow their lead. That night Elon Musk tweeted a link to the Reddit thread with the caption “Gamestonk! Microsoft continues to do what it does — blow minds on Wall Street. Both firms got a minority revenue share from the firm for stepping in.Late Tuesday, Cohen broke his usual habit of only tweeting about his New York Mets. COVID-19 Bahamas Border Closure Nationals of The Bahamas Seeking to Return to Their Countries. And while using options may limit losses, investors can get wiped out quickly if the stock rises.The shorts that were listed in Melvin’s regulatory filing from the third quarter all rocketed in recent weeks. If they use put options, for example, they buy them over the counter, which means they don’t have to list them in regulatory filings. Hotel News Atlantis resort closes after Bahamas shuts borders Hotel News STR: 2020 worst year on record for U.S. hotels Hotel News Marriott plans to open nearly 100 properties in Asia-Pacific in 2021 The Ministry of Health is encouraging preventative measures and protocol to minimize the potential spread of the illness, and The Bahamas implemented new border control … AMC’s ability to raise any additional funds at the current share price could help it navigate a liquidity crunch, said Bloomberg Intelligence analyst Amine Bensaid.The gain “isn’t based on fundamentals and appears to be similar to the GameStop run-up driven by retail investors, yet could help ease a severe liquidity crunch if the company capitalizes on the jump and issues additional shares,” Bensaid said.A year ago, AMC shares were trading at $6.36 and reached a low of less than $2 a share earlier this month. Melvin generally manages money for charitable organizations like endowments and foundations.New RiskInvestors have been expressing faith that Plotkin will climb out of this hole.Griffin said Monday that he and his partners “have great confidence in Gabe and his team.” Cohen called him “an exceptional investor and leader.”A person familiar with the thinking inside Plotkin’s firm said one lesson is clear: Don’t leave a trace and only buy put options over the counter.“This phenomenon of retail investors jumping on a bandwagon to dominate trading activity is a new kind of portfolio risk,” said Jay Raffaldini, global head of sales and distribution at UBS O’Connor. And GME to the moon.”So it was that the tables turned on Wall Street -- and a hedge fund star suddenly found himself at the mercy of the day-trading Reddit bros who have become one of the most powerful, if improbable, forces in the stock market today. Watch Dillard’s and AMC Entertainment. Names include Bed Bath & Beyond Inc., iRobot Corp. and GSX Techedu Inc. GameStop, the stock that seemed to set off the short squeeze, soared 634% in the month through Tuesday. At the same time, it’s become a major headache for institutional investors betting it would fall.“It is unwise to try to stand on principle against an angry mob,” said Wedbush Securities Inc. analyst Michael Pachter, who had a price target of $16 for GameStop as of Jan. 11. “It’s going to cause a lot of hedge funds to rethink how they approach their long and short investment strategies.”(Updates with shares in ninth paragraph. Bahamas Police Detain Over 50 Haitians Aboard Vessel. TD Ameritrade told clients in a message that it has put in place several restrictions on some transactions in GameStop, AMC and other securities.“The thing about these manias is there’s always enough people who make 600% or 1,000% and tell everybody about it that everybody gets excited about it,” said Anne Stevenson-Yang. 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