Stock Thread

[fantasycurse42 8,290]

I need to clear my calendar this afternoon to watch Stocktwits when this turns... I can guarantee some gold!

"The shorts are manipulating, don't let them steal your shares for cheap"

"I lost my life savings"

"BUY THE DIP!!"

"Nooooooooooo!!!!"

"Great time to buy"

 

[fantasycurse42 8,290]

Last piece of analysis here:

Company = $50M (really zero)

Value of shares traded hands in first hour of day = $223M

[NREC34 3,519]

1 minute ago, fantasycurse42 said:

I need to clear my calendar this afternoon to watch Stocktwits when this turns... I can guarantee some gold!

"The shorts are manipulating, don't let them steal your shares for cheap"

"I lost my life savings"

"BUY THE DIP!!"

"Nooooooooooo!!!!"

"Great time to buy"

 

They think it's going to 20...

[Bob Sacamano 9,330]

Just sold NTRSP at $27.60. Couldn't pass up grabbing 2 years of yield now.

Gotta figure out what to do with it now. 

[RUSF18 3,631]

About to break $5.

[RUSF18 3,631]

I might have jinxed it!

[NREC34 3,519]

14 minutes ago, RUSF18 said:

I might have jinxed it!

Timber!

[fantasycurse42 8,290]

Who will be left holding the bag?

[fantasycurse42 8,290]

"institutions coming in now"

It is resilient, I'll give it that... Thought that would be the road back to 20 cents.

Edited May 17, 2016 by fantasycurse42

[NREC34 3,519]

BTFD!!!

[fantasycurse42 8,290]

Just tried to short through etrade, obviously no share are able to be borrowed against this  

[Al Czervik 257]

On 2/29/2016 at 10:31 AM, Todem said:

Here is a gem of a bio pharma stock IMO and it's trading at a very low valuation and pays a healthy 4% dividend.

 

Been buying this today for a $78-$80 price target.

 

ABBV

Todem, what are your thoughts on ABBV with today's set back?

[General Malaise 25,149]

1 hour ago, Bob Sacamano said:

Just sold NTRSP at $27.60. Couldn't pass up grabbing 2 years of yield now.

Gotta figure out what to do with it now. 

Could I interest you in physical cobalt?

[fantasycurse42 8,290]

Quote

The upside here is absolutely insane. We're seeing a future global tech powerhouse starting from the ground floor

 

[lod01 905]

2 hours ago, fantasycurse42 said:

Wait this is John McAfee? The guy who was suspiciously involved in some murders in Mexico or South America or something like that? Isn't this guy a maniac? 

Yea, this will end well. 

Exactly. Classic pump n dump on his being named CEO.

[fantasycurse42 8,290]

And SGYP in the red after being up 10% earlier... 3rd time in 6 trading days this has happened.

[fantasycurse42 8,290]

Quote

I'm down $6 Grand, what should I do?

Quote

Hold it, it will close the week at $10

I'm sorry, I just find MGT so entertaining.

[Bob Sacamano 9,330]

34 minutes ago, General Malaise said:

Could I interest you in physical cobalt?

Health effects that are a result of the uptake of high concentrations of cobalt are:

- Vomiting and nausea
- Vision problems
- Heart problems
- Thyroid damage

Health effects may also be caused by radiation of radioactive cobalt isotopes. This can cause sterility, hair loss, vomiting, bleeding, diarrhea, coma and even death.

 

So you're saying I might not need to get snipped?  I'm listening.

[NREC34 3,519]

$MGT why would you want to short this? Once it hits 5$ it's just going to go up even higher lmao

[fantasycurse42 8,290]

I'm creating an account to start pumping in there, I can't stop reading it, so funny.

http://i.imgur.com/9ofePaH.png

[General Malaise 25,149]

32 minutes ago, Bob Sacamano said:

Health effects that are a result of the uptake of high concentrations of cobalt are:

- Vomiting and nausea
- Vision problems
- Heart problems
- Thyroid damage

Health effects may also be caused by radiation of radioactive cobalt isotopes. This can cause sterility, hair loss, vomiting, bleeding, diarrhea, coma and even death.

 

So you're saying I might not need to get snipped?  I'm listening.

Jesus, I thought you got snipped a decade ago.  Sending some cobalt to you now.


Also, penny stock alert!

 

[General Malaise 25,149]

Article is a year old, but still very valid and why we are accumulating physical cobalt for our funds.

[Todem 4,144]

1 hour ago, Al Czervik said:

Todem, what are your thoughts on ABBV with today's set back?

These types of stocks are always going to be news sensitive. I would look at this as a long term buying opportunity. But the stock is not down that sharply (4%) and I expect it to rebound over time.

 

This is their key drug....so any negative news in regards to Humira will do this to the stock price. The Patents (Humira's composition patent set to expire at year end 2016) and the equivalent European (April 2018) were coming anyway. 

 

I bought the stock on the fact they also have 20 compounds or indications in Phase II and Phase III development across a fairly wide spectrum. Add to that the highly attractive valuation and a healthy 3.8% yield I like the stock long term and can see a 12-18 month price target anywhere from $75-$85 based on revenues, pipeline and also getting past this noise today.

 

I still think it is a great buy in a beaten down sector. 

[fantasycurse42 8,290]

Yup, SGYP down 5% from up 10% earlier... I might just suck it up and sell. I ####### hate this more than anything.

@John Bender What are you doing with UWTI? It has been on such a run, a little worried to hold through API data tonight and the more meaningful EIA data tomorrow. Good data gets oil over $50, worried bad data sends this into a retreat. 

[John Bender 6,527]

1 minute ago, fantasycurse42 said:

Yup, SGYP down 5% from up 10% earlier... I might just suck it up and sell. I ####### hate this more than anything.

@John Bender What are you doing with UWTI? It has been on such a run, a little worried to hold through API data tonight and the more meaningful EIA data tomorrow. Good data gets oil over $50, worried bad data sends this into a retreat. 

Think I will hold unless and until it gets to 50.  If it dips I'll stay with it because while the daily ups and downs seem very minor, the overall trend has been up. I'm not ready to pull the rip cord. 

I don't think we're shooting back down to 30 dollars a barrel anytime soon (or any time at all) so, while volatile, the floor is nothing that scares me at this time. I think it's a lot higher if a floor than we suffered through earlier this year. I can handle those swings. 

[fantasycurse42 8,290]

2 hours ago, John Bender said:

Think I will hold unless and until it gets to 50.  If it dips I'll stay with it because while the daily ups and downs seem very minor, the overall trend has been up. I'm not ready to pull the rip cord. 

I don't think we're shooting back down to 30 dollars a barrel anytime soon (or any time at all) so, while volatile, the floor is nothing that scares me at this time. I think it's a lot higher if a floor than we suffered through earlier this year. I can handle those swings. 

Alright, I'm sticking with it too... I own more than I should, but I'm letting it ride. 

Nice API report, pretty bullish for oil. 

 

[Eminence 1,294]

3 hours ago, fantasycurse42 said:

I'm creating an account to start pumping in there, I can't stop reading it, so funny.

http://i.imgur.com/9ofePaH.png

Wait, I bought some MGT a few days ago. Should I have sold today?

[fantasycurse42 8,290]

3 minutes ago, Eminence said:

Wait, I bought some MGT a few days ago. Should I have sold today?

No, I think their long term future is huge. Going to $20. 

 

[Eminence 1,294]

1 minute ago, fantasycurse42 said:

No, I think their long term future is huge. Going to $20. 

 

Sweet, I got in at $1.06.

[fantasycurse42 8,290]

Just now, Eminence said:

Sweet, I got in at $1.06.

You're gonna have more money than me by next week. Buy more.

[fantasycurse42 8,290]

Good god, I wish I could find shares to short

http://www.businessinsider.com/john-mcafee-mgt-stock-2016-5

Quote

• September 8, 2015: MGT sells all but 11% of its stake inDraftDay.com, according to its annual report.
• April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand. Additionally, it describes its business as "principally engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space as well as the social casino industry." The report does say that following the sale of DraftDay, the firm is "considering all methods to create value for shareholders, including potential mergers, spin-offs, distributions and other strategic actions."
• May 3: Michael Brauser, of Grander Holdings, acquires 1,337,668 shares of MGT Technologies, 6.4% of the company at the time of filing. Brauser has been sued numerous times for fraud involving small, publicly listed firms, though some of those allegations have been dismissed. 
  
  The most recent was dismissed in September 2015, for the company IDI Inc. Brauser was also CEO of an email-marketing company, Naviant, which was acquired and eventually sued by credit agency Equifax after the firm accused the shareholder sellers of fraud. The case settled in arbitration for a payout to Equifax of $15.2 million.
• May 6: MGT Chairman Joshua Silverman steps down from his position. Silverman's Cayman Island-based Iroquois Capital owns 9.4% of the firm, according to a filing on May 9. According to that filing, Silverman and his firm no longer have any representation on the board.
• May 9: McAfee is named chairman and CEO, and the company buys Wyoming-based cybersecurity firm D-Vasive for $300,000 in cash and 4,760,000 in shares of MGT. The stock jumps 60% for the day.
• May 16: MGT files to delay its 10Q report because the firm needs "additional time to work with its auditors and legal counsel to prepare and finalize the Form 10-Q."

 

[RUSF18 3,631]

Seems reasonable. 

[Johnnymac 1,110]

7 minutes ago, fantasycurse42 said:

Good god, I wish I could find shares to short

http://www.businessinsider.com/john-mcafee-mgt-stock-2016-5

 

Whats not to like??

[lod01 905]

Mark Cuban: “I can say with 100% certainty that there is a really good chance we could see a huge, huge correction,”

 Way to go out on a limb.

[St. Louis Bob 6,205]

7 hours ago, Bob Sacamano said:

Just sold NTRSP at $27.60. Couldn't pass up grabbing 2 years of yield now.

Gotta figure out what to do with it now. 

Still holding.

[John Bender 6,527]

1 hour ago, fantasycurse42 said:

Alright, I'm sticking with it too... I own more than I should, but I'm letting it ride. 

Nice API report, pretty bullish for oil. 

 

Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.

[fantasycurse42 8,290]

Just now, John Bender said:

Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.

This fire in Canada is wreaking havoc on their production right now, bullish catalyst.

[dschuler 909]

Get onboard the VRX train!!! It's about to take off for GGRREEEEEBNN pastures! 

[GoBirds 8,790]

57 minutes ago, John Bender said:

Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.

I don't get how I think it was XOM I heard on the radio is close to all time highs or 52 wk? With the beating oil has taken why would any of these companies be near all time highs.....it had to have been 52 wk? Where's the value right now. I took my tax loss in KMI last year and had thought about getting back in, are there better options out there? 

[John Bender 6,527]

6 minutes ago, GoBirds said:

I don't get how I think it was XOM I heard on the radio is close to all time highs or 52 wk? With the beating oil has taken why would any of these companies be near all time highs.....it had to have been 52 wk? Where's the value right now. I took my tax loss in KMI last year and had thought about getting back in, are there better options out there? 

There are. Fc42 knows his stuff in this area and I have some opinions as well. Out at the bar now and will post tomorrow for what I think

[Sand 5,253]

5 hours ago, fantasycurse42 said:

• April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand. Additionally, it describes its business as "principally engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space as well as the social casino industry." The report does say that following the sale of DraftDay, the firm is "considering all methods to create value for shareholders, including potential mergers, spin-offs, distributions and other strategic actions."
• May 16: MGT files to delay its 10Q report because the firm needs "additional time to work with its auditors and legal counsel to prepare and finalize the Form 10-Q."

 

 

HUGE   here.  Any company that can't report on time is very likely to have some very damaging accounting issues show up down the line.

[IC FBGCav 5,565]

Many big investors buying apple, soros 400 million betting against us market.  Thoughts?

[dschuler 909]

48 minutes ago, FatUncleJerryBuss said:

Many big investors buying apple, soros 400 million betting against us market.  Thoughts?

 I've been bearish Apple for the past couple of years. They have so much cash but will be the next Nokia or Blackberry if they can't innovate.  Seriously, they seem content on just riding the IPhone out and letting everyone else get into new technologies.   Poor leadership.  If it gets much lower though it might start becoming attractive as a value play.  Buffet is also in Apple but doesn't have the best record with Tech either BTW.  I think he is down overall on his IBM bet.  

VRX will be a payday soon.  10 new drugs getting released into the pipeline this year, 12 billion in revenue with a 10 billion market cap, cash flow positive, brand name drugs.  

[IC FBGCav 5,565]

2 minutes ago, dschuler said:

 I've been bearish Apple for the past couple of years. They have so much cash but will be the next Nokia or Blackberry if they can't innovate.  Seriously, they seem content on just riding the IPhone out and letting everyone else get into new technologies.   Poor leadership.  If it gets much lower though it might start becoming attractive as a value play.  Buffet is also in Apple but doesn't have the best record with Tech either BTW.  I think he is down overall on his IBM bet.  

VRX will be a payday soon.  10 new drugs getting released into the pipeline this year, 12 billion in revenue with a 10 billion market cap, cash flow positive, brand name drugs.  

Buffett and Soros did apple.   Buffett did more.   I think they are playing the same thing but buffett does like playing against our market in general.   Moral thing.  Fyi, my 2 cents.

[dschuler 909]

1 minute ago, FatUncleJerryBuss said:

Buffett and Soros did apple.   Buffett did more.   I think they are playing the same thing but buffett does like playing against our market in general.   Moral thing.  Fyi, my 2 cents.

Also David Einhorn got into Apple, but Icahn and David Tepper got out.  Who knows what all their longevity views are with their positions. 

[Routilla 76]

Go INO!!!!

[IC FBGCav 5,565]

4 minutes ago, dschuler said:

Also David Einhorn got into Apple, but Icahn and David Tepper got out.  Who knows what all their longevity views are with their positions. 

David is a very conservitive poker player.  

[fantasycurse42 8,290]

Really nervous about some oil pullback. Being how much this has run, it would be healthy, just concerned about how much.

I really want to learn about options. I want to buy $55 calls, but I just don't understand it.

[John Bender 6,527]

2 minutes ago, fantasycurse42 said:

Really nervous about some oil pullback. Being how much this has run, it would be healthy, just concerned about how much.

I really want to learn about options. I want to buy $55 calls, but I just don't understand it.

I'm lost on options too.  

 

I feel like I'm more nervous about not being in oil at this point and missing the next mini run up.  I think I'm still standing pat.

 

Edited May 18, 2016 by John Bender

[fantasycurse42 8,290]

12 minutes ago, John Bender said:

I'm lost on options too.  

 

I feel like I'm more nervous about not being in oil at this point and missing the next mini run up.  I think I'm still standing pat.

 

I am too, but I'm on eggshells right now. I'm scared of a decent pullback, although over the next few weeks, even with a good pullback, I think the upwards trend continues.

MGT has traded 23M shares in 40 minutes, even though it is basically outlined as fraud. 

Is it possible that there are that many Eminences out there? 

I'm just so excited for the collapse of this thing. 

Edited May 18, 2016 by fantasycurse42