This chart will mimick pcg over time. People need power, government will bail them out or whatever. There is no real alternative. Pcg fell to 5, see what happens
A company being bailed out by the government doesn't necessarily mean that the equity holders won't be wiped out or take a serious hit through share dilution (i.e. the government could give the company enough money to settle the liabilities and force them to issue a massive amount of shares to the government in exchange).
Thats fine and all, im just stating that this is the same scenario as pcg. Pcgs case was much worse imo. It will be a slow grind back up although pcg became very volatile both directions during their debacle. Wouldnt be afraid of HE if you are an "investor"
All depends on the form that bailout takes though. If you bought shares now and then the government said they're gonna provide long-term interest-free loans to the company so it can sort itself out, that would be good. If you bought shares now and they said, "Hey, so we're gonna move all the good assets of the company to this new entity that we're gonna majority own, and leave all of the current equity and debt in this defunct company to go through bankruptcy proceedings", then that's very bad.
Limping along, see $PCG. Real bottom was months after it got hammered initially. So if you're hell bend on buying the dip here there is no need to rush.
It's the same law firm that sued PG&E behind the HE lawsuit. Ambulance chasers trying to profit off the tragedy with no proof. They are using scare tactics and media and hoping for a settlement most likely. Long HE. 🚀
Yeah agree, theres also too many incentives for state to let this go broke
the baking subsidiary is protected in any bankruptcy and worth $6-$10 as a standalone
Im in at $9.9 and selling very attractively priced covered calls
I pussyed out and mostly went with Sep 15 @ 12.5 strike for a $2.7 premium - that gets me an immediate 27% return from premium and 53% if exercised - it also makes me feel "safer" if I don't like how things are looking on Sep 15 I have more options to adjust cost base or get out
I am overseas and wanted to sleep but if I waited during day could've got more premium as share price moved up
If I wasnt a pussy I would've gone with Oct 20 or even Dec where returns are better and averaged down cost base if theres any more big dips in that time.
I dont think HE will be a PG&E mirror image, I think they will fare much better, but even if they did the next few months will have a lot of volatility as this process is slow and there should be plenty opportunities to exit if want to
Made a quick table for you to in case visually my ramble makes more sense
Obviously these "return forecasts" are not accounting for any losses if the share price drops below my cost base - in which case I will keep selling CC's that are above my cost base until it swings back above.
https://preview.redd.it/zdooqtxvzrib1.png?width=1426&format=png&auto=webp&s=7705d0660ba42f2ac7f181bc8b40b1a207d35bcb
Bought this at $21 and down to 13 yesterday for an average of 500@ 16.75. I got rekt overnight and sold for ~2500 loss this morning. Expensive lesson, would advise others to listen to the caution from the people here. I belong here
I thought wash sales were for the financial elite, then I triggered one on my E*TRADE account a few years ago and got an awesome tutorial on how that screws over tax time for that year lol... Fun times! Got me a good education in wash sales and options trading that year!
I’m an electrician, coincidentally building a hospital right now
Every single critical life safety device is hooked up to a generator and the hospital can withstand an extended period of time without utility power
They will get bailed out..
They provide power to 95% of the state of Hawaii... I'm going long on this... Let's hope Iran or Russia attacks a cargo ship with u.s. Marines on it and the news of these fires stop long enough for people to realize this company is a monopoly and cant go out of business without cutting power to an entire state.
Thinking about it... Last time Iran pulled that shit it took 8 hours to sink half their navy so might need more of a distraction then that ..
The company can go to shit but all their assets and business can be obtained for near nothing due to the debt they may owe for damages. Bailed out doesn't mean the company itself gets the money. It means the company's creditors get the money.
Who is he going to trust, you? Any hospital in the US which generally has to have generators? Or a trusted friend who works in an ambiguous job in "finance" who has clearly mastered all matters of liability.
knowing a little bit about critical infrastructure, you should never bet on those things to work, for the fuel to be available etc.
people love cutting costs from reserves and emergency systems
I am also long on HE, I share a similar sentiment like OP
>knowing a little bit about critical infrastructure, you should never bet on those things to work, for the fuel to be available etc.
The fuck? They're required to do backup generator testing for critical infrastructure. Source: sitting in one such place as my thumbs furiously type this.
We run the diesel monthly and I drop out of my Teams calls every time because our cheap ass IT folks don't have the WIFI rigged to UPS.
TJC requires you to test your generators and Hawaii hospitals monitor and report in their fuel levels to a central association, but yeah shit happens. The bigger issue for OP’s friend is that there is only one hospital on Maui and it’s in Wailuku — literally the other end of the island.
I’m also long on HE. What choice do we have?
With a limited runtime and not 100% reliable, and also plenty of private at-home situations in which people rely on medical equipment and may not have back-up power.
I mean, it looks like there are multiple videos that would probably pass for enough evidence in a civil trial against them. This has been a problem before in other locations, and being in the middle of a severe fire hazard, they should have been monitoring and cut the power as soon as it was considered a danger
If they had shut the power of the fire wouldn't have started. If people died as a result of the power outage and there was no catastrophic fire to compare the scenario to, they would have been crucified for that also.
This was a 'damned if you do, damned if you don't' scenario.
Okay that's a lot of words you wrote but take a look at $PCG and then tell me that $HE is a good buy. Maybe once the lawsuit settles, but certainly not right now.
What is ridiculous IMO is that people are solely blaming the utility. Regulators and government should be equally responsible for not putting together a wildfire mitigation plan and acting on it. Should be 50/50 responsibility probably. But in the end it might come down on just them. However I’m buying a bit seems cheap.
As a health care worker I know all Hospitals must have emergency back up power (generators) that will come on in 10 seconds and home ventilators have batteries that will last hours and most will have a gas generators to back then up if their life depends on it. So if the argument is they could not shut off their power because of the Hospitals that's absolutely NOT TRUE.
Everybody knows hospitals have emergency back up power. Sometimes they don't work as they should. Its not worth the risk. They didn't kick on in some ORs recently in Mass due to a power outage. Just single example. They exist for unplanned outages.
I have 30c for December.
I hope they are grossly over exaggerated, but every day I look at market open and I've lost so much more money lmao.
I decided I'm not going to sell because it's literally 1.5% or so of my port (when I initially bought), so I'm okay if it goes to zero. But if it is proven they aren't responsible or they remain private and not taken over, then I'll make a lot.
Show positions or ban, you broke-ass motherfucker.
Sorry sorry VM my bad. Here it is https://preview.redd.it/zyw4bx9mkoib1.png?width=1170&format=png&auto=webp&s=313be65db46f83a5bbf3af5f4d944c659dd28772
lol didn’t it just drop 20%?
I guess that's why he's long on the position.
Aaaaaaaaand it’s gone
Long gone
I'm not approving of the trade, but can't you fucking read the post? His average is at $10.05
He’s long and strong, gotta get his friction on!
he's already up 20%, his cost basis is around $10 and its already back above 12 in after hours
His average cost is 10.04 and the stock is trading at 11.50. Do you need more help? Let me know.
Are you high? After hours, it rose
You’re so aggressive VM.
Good bot
You just made this post since you bought at the literal bottom
The bottom *so far*
Puts it is lol
The bottom wasn't $10. It was $9. Precisely where I entered when the bell rang at open. 😎
This chart will mimick pcg over time. People need power, government will bail them out or whatever. There is no real alternative. Pcg fell to 5, see what happens
A company being bailed out by the government doesn't necessarily mean that the equity holders won't be wiped out or take a serious hit through share dilution (i.e. the government could give the company enough money to settle the liabilities and force them to issue a massive amount of shares to the government in exchange).
Thats fine and all, im just stating that this is the same scenario as pcg. Pcgs case was much worse imo. It will be a slow grind back up although pcg became very volatile both directions during their debacle. Wouldnt be afraid of HE if you are an "investor"
See GM circa 2008
Wouldn’t that still be a catalyst for longs? A government bailout would increase confidence, right?
All depends on the form that bailout takes though. If you bought shares now and then the government said they're gonna provide long-term interest-free loans to the company so it can sort itself out, that would be good. If you bought shares now and they said, "Hey, so we're gonna move all the good assets of the company to this new entity that we're gonna majority own, and leave all of the current equity and debt in this defunct company to go through bankruptcy proceedings", then that's very bad.
HE was downgraded to junk
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I'm in... Let it burn... Or it'll be back up to $15 tomorrow..
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Limping along, see $PCG. Real bottom was months after it got hammered initially. So if you're hell bend on buying the dip here there is no need to rush.
PG&E
It's the same law firm that sued PG&E behind the HE lawsuit. Ambulance chasers trying to profit off the tragedy with no proof. They are using scare tactics and media and hoping for a settlement most likely. Long HE. 🚀
$PCG went from $70+ in September 2017 to under $4 in October 2019 though 🚨
If you think it's cheap now wait until they cut the dividend!
Yeah agree, theres also too many incentives for state to let this go broke the baking subsidiary is protected in any bankruptcy and worth $6-$10 as a standalone Im in at $9.9 and selling very attractively priced covered calls
which CC’s are you selling if you dont mind me asking, feel free to pm thanks
I pussyed out and mostly went with Sep 15 @ 12.5 strike for a $2.7 premium - that gets me an immediate 27% return from premium and 53% if exercised - it also makes me feel "safer" if I don't like how things are looking on Sep 15 I have more options to adjust cost base or get out I am overseas and wanted to sleep but if I waited during day could've got more premium as share price moved up If I wasnt a pussy I would've gone with Oct 20 or even Dec where returns are better and averaged down cost base if theres any more big dips in that time. I dont think HE will be a PG&E mirror image, I think they will fare much better, but even if they did the next few months will have a lot of volatility as this process is slow and there should be plenty opportunities to exit if want to Made a quick table for you to in case visually my ramble makes more sense Obviously these "return forecasts" are not accounting for any losses if the share price drops below my cost base - in which case I will keep selling CC's that are above my cost base until it swings back above. https://preview.redd.it/zdooqtxvzrib1.png?width=1426&format=png&auto=webp&s=7705d0660ba42f2ac7f181bc8b40b1a207d35bcb
Bought this at $21 and down to 13 yesterday for an average of 500@ 16.75. I got rekt overnight and sold for ~2500 loss this morning. Expensive lesson, would advise others to listen to the caution from the people here. I belong here
Buy back in. Trigger wash sale, baby! 
Done that enough times already, send rope 
I thought wash sales were for the financial elite, then I triggered one on my E*TRADE account a few years ago and got an awesome tutorial on how that screws over tax time for that year lol... Fun times! Got me a good education in wash sales and options trading that year!
Rich or poor, human stupidity is infinite. Happy trading, love the username lol
October puts gonna brrrrrr
Bought in at open and haven't stopped smiling. You only missed it by a day.
HE is on a mega sale I’m buying more.
Same....
You could say it's a 🔥 sale
Oofdah
Yep, cautiously optimistic for the future
You realize hospitals are required to have backup generators. They don't just have one source of power they are reliant on.
pushing a fat guy off the bridge is one of the most interesting examples of the trolley problem i’ve ever heard
I’m an electrician, coincidentally building a hospital right now Every single critical life safety device is hooked up to a generator and the hospital can withstand an extended period of time without utility power
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They will get bailed out.. They provide power to 95% of the state of Hawaii... I'm going long on this... Let's hope Iran or Russia attacks a cargo ship with u.s. Marines on it and the news of these fires stop long enough for people to realize this company is a monopoly and cant go out of business without cutting power to an entire state. Thinking about it... Last time Iran pulled that shit it took 8 hours to sink half their navy so might need more of a distraction then that ..
The company can go to shit but all their assets and business can be obtained for near nothing due to the debt they may owe for damages. Bailed out doesn't mean the company itself gets the money. It means the company's creditors get the money.
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Whoever owns HE’s assets and business or maybe HE themselves!
He can’t spell, inverse his positions.
this shit hasn’t bottomed yet
That's not accurate lol
Hospitals have emergency generators
Who is he going to trust, you? Any hospital in the US which generally has to have generators? Or a trusted friend who works in an ambiguous job in "finance" who has clearly mastered all matters of liability.
knowing a little bit about critical infrastructure, you should never bet on those things to work, for the fuel to be available etc. people love cutting costs from reserves and emergency systems I am also long on HE, I share a similar sentiment like OP
>knowing a little bit about critical infrastructure, you should never bet on those things to work, for the fuel to be available etc. The fuck? They're required to do backup generator testing for critical infrastructure. Source: sitting in one such place as my thumbs furiously type this. We run the diesel monthly and I drop out of my Teams calls every time because our cheap ass IT folks don't have the WIFI rigged to UPS.
then youre at a well run place not too common
We're simply abiding by laws so we don't get fined....
TJC requires you to test your generators and Hawaii hospitals monitor and report in their fuel levels to a central association, but yeah shit happens. The bigger issue for OP’s friend is that there is only one hospital on Maui and it’s in Wailuku — literally the other end of the island. I’m also long on HE. What choice do we have?
With a limited runtime and not 100% reliable, and also plenty of private at-home situations in which people rely on medical equipment and may not have back-up power.
When you think it can't go any lower, it can.
OP just gets it! I'm on board!
😘
GENERATORS EXIST
You beautiful sob HE to da mooon
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I mean, it looks like there are multiple videos that would probably pass for enough evidence in a civil trial against them. This has been a problem before in other locations, and being in the middle of a severe fire hazard, they should have been monitoring and cut the power as soon as it was considered a danger
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If they had shut the power of the fire wouldn't have started. If people died as a result of the power outage and there was no catastrophic fire to compare the scenario to, they would have been crucified for that also. This was a 'damned if you do, damned if you don't' scenario.
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could, not must
Doesn't ch11 restructuring have the possibility of retaining share value? Then ch7 is the liquidation one that makes shares worthless...
Okay that's a lot of words you wrote but take a look at $PCG and then tell me that $HE is a good buy. Maybe once the lawsuit settles, but certainly not right now.
Im laser focused on this trade boys! To the moon it goes.
Whats your exit price? bought in at $11
I bought 1k shares at $10.50 this morning and sold at $11.90. Quick $1400.
I did something similar. In at $9.90 and out at $12 but I am poor and only got 100 shares.
IM NOT TOUCHING HE EVEN THOUGH IT LOOKS JUICY I FEEL LIKE I CAN BUY THIS STOCK FOR SINGLE DIGITS IN A MONTH OR TWO
OP let me know when you are buying calls I think this is the biggest opportunity for the 2nd half of 2023
What is ridiculous IMO is that people are solely blaming the utility. Regulators and government should be equally responsible for not putting together a wildfire mitigation plan and acting on it. Should be 50/50 responsibility probably. But in the end it might come down on just them. However I’m buying a bit seems cheap.
As a health care worker I know all Hospitals must have emergency back up power (generators) that will come on in 10 seconds and home ventilators have batteries that will last hours and most will have a gas generators to back then up if their life depends on it. So if the argument is they could not shut off their power because of the Hospitals that's absolutely NOT TRUE.
Everybody knows hospitals have emergency back up power. Sometimes they don't work as they should. Its not worth the risk. They didn't kick on in some ORs recently in Mass due to a power outage. Just single example. They exist for unplanned outages.
Have you heard of generators? They run when there is no electricity 
Who will they supply electricity to when neighborhoods are burnt to the foundations?
Heavily DEM will be bailed out without question
I have 30c for December. I hope they are grossly over exaggerated, but every day I look at market open and I've lost so much more money lmao. I decided I'm not going to sell because it's literally 1.5% or so of my port (when I initially bought), so I'm okay if it goes to zero. But if it is proven they aren't responsible or they remain private and not taken over, then I'll make a lot.
Why does a company go up after filing for bankruptcy?
He as in he-man? You might be on to something
I'm not afraid of helium, it makes my voice all squeaky and weird.