Template:Sjs short squeeze: Difference between revisions

{{Script|Herculio}}: How now, Ser Jez: how fares thy short?<br>{{Script|Ser Jaramey}}: Squeezèd. <br>Unwarily I trod the [[bottom of the range|basest range]] <br>And sold there what I borrowed: <br>A common stock of dismal prospect. <br>{{Script|Herculio}}: A manful punt for so scant a likely gain? <br>{{Script|Ser Jaramey}}: Aye but, I thought, yet safe enough — <br>That laggard scrip, housed around in bricks and mortar, <br>Whose hawkery of pre-loved flickish playthings <br>Casts surer shade across the [[Chapter 11|purgatorial chapter]] <br>Than e’er it might upon some distant hea’enly host. <br>The surest thing was up: its only way was down. <br>{{script|Herculio}}: Oh? Did it not turn out so? <br>{{script|Ser Jaramey}}: A [[Reddit|noisome band of amateurs]] did twist its price. <br>That vapid instrument prescribed a path most inopportune. <br>{{script|Herculio}}: A sideways move perchance? <br>{{script|Ser Jaramey}}: How might I wish! <br>{{script|Nuncle}}: It went to the moon. <br>{{script|Nuncle}}: When the [[GameStop]] stops, stop.<br>{{script|Herculio}}: How fares thy mark-to-market now? <br>{{script|Ser Jaramey}}: Sadly low, and presently moist, or damp — <br>{{Script|Herculio}}: “Damp,” you say? I never heard a portfolio get wet! <br>{{script|Nuncle}}: Yet ever’y other one is under water. <br>{{script|Herculio}}: Now I catch the drift. How far deep is down? <br>{{Script|Ser Jaramey}}: More fathoms than I can fathom. <br>And now the one who wrote my swap hath taken ill, <br>Though he be to the good and I be in the hole. <br>{{script|Herculio}}: Ill? What malady afflicts a man so thickly profited? <br>{{Script|Ser Jaramey}}: His payments due to other banks <br>In sum well ’cross the starry [[Threshold Amount - ISDA Provision|Threshold]], lie in [[arrears]]. <br>Sans [[Grace period|grace]] or [[composition with creditors|composition]]; absent a cleansing [[force majeure]] <br>He’s in default. I have him bang to rights.<br>Herein, my dilemma: Do I close my book, as is my right <br>And bear the funded pain of outward cashflow — <br>Or hold my peace, keep powder dry and stay the course <br>To expiry in earnest hope that, ’twixt now and then <br>Vicissitude should salt away my losing marks? <br>The latter course, of course, appeals, save this: <br>I, by lights of our compact, must pay what is [[Confirmation - ISDA Provision|confirm]]’d <br>While my oppugnant customer — the very one in breach<br>Revels in churlish delinquency. It feels unjust. <br>{{Script|Herculio}}: Canst thou not, with merry words <br>Assuage this awkward detriment? <br>A simple term, to wit: whilst man defaults <br>He may not seek performance? <br>{{Script|Ser Jaramey}}: Alas, that lance doth fetch aslant <br>Upon the voiding sheen of [[Bankruptcy Code|code]].<br>No feint, nor jibe, nor fulsome thrust of cunning covenant <br>Couldst adjourn our present debt short of its terminance<br>Such canny phrase wouldst fall away: <br>A null, a nought, a preference rudely voided.<br>And thus, our right demis’d. No more <br>Than had we ne’er inked it in the first place.<br>{{Script|Nuncle}}: Hold that thought. There’s something in ’t yet.<br>Empty is as empty does, Sirrah. One cannot pick an empty pocket. <br>What rights a man hath never had cannot be stole.<br>{{Script|Ser Jaramey}}: ’Tis an empty supposition, Fool. <br>Mere riddles cannot make us whole.<br>{{Script|Nuncle}}: Hold on: if wholly the whole’s a hole <br>Who’ll hold the whole hole holy? <br>{{script|Ser Jaramey}}: Holy moly. <br>{{Script|Herculio}}: I have a thought. This meagre tract: not ninety words <br>Wrapp’d about with preliminal nicety and <br>Stamp’d as for affixation to a [[boilerplate|servic’d boiler]] —<br>Conceals a clever trick. <br>{{script|Ser Jaramey}}: What kind of onion’d witchery is this? <br>{{Script|Nuncle}}: He who soaps an [[assignee]] with unfreighted tropes of conjury<br>Tricks only his own frail examinership.<br>{{script|Herculio}}: Hear me, though: this rider taps a deeper art<br>Than the sequestrator’s strange astrology. <br>Should constellations, ill-aligned, by morbid glint <br>Throw misadventure upon a side — call him, “A”  <br>Whilst the other — that one, “B” — by present value judg’d <br>Beholds a box of bets as long of extant tenor as they are short of current wisdom.<br>Thus poor Party B confronts a cleffèd stick: <br>Shouldst he close out now, but fund afull his bishèd speculation — <br>Or stay in play, and pray the stars parlay<br>Yet in the meantime pay what’s due away<br>In dim hope of reciprocation? <br>