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28 minutes ago, Big League Chew said:

noob question here, bare with me. im using ameritrade and most stocks i buy there isn't a commission . CYDY charges a commissions. is it because its such a low value stock?

CYDY isn't on one of the "normal" stock exchanges, and one of the reasons why is that, yes, it's low value doesn't qualify it. It's traded over-the-counter (OTC) instead, so there are lots of fees.

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10 minutes ago, Todem said:

These are buys in my own account. The PITA part of being an advisor....you can’t buy on the same days as your clients. It is a real PITA. Can’t front run.

So I got in a couple of highly stressed buys today....not worried about a 10-15% more drop short term on these two stocks. 

We are looking at 3-6-12 months holds on these. All depends on how long those doubles take......and in this market...who knows. It moves so damn fast. LOL.

Next week though (assuming the re-test or close to it)......we are buying that master list for both my clients and myself....just have to choose the day for me LOL.

Anyway.

please continue to post your thoughts. your takes so far are spot on.

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I got a buy put in for 2k of blmn at 6.40, inching closer to that number....

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CYDY trading up on lower volume.  It seems like some of the supply has dried up.  

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I know I said earlier I was going to invest long term and all that jazz. But seeing CYDY move up after I got it a few days ago at 1.04 is fun. I have 10k to play with and to hell with it lets gamble. Going to put 2k on MGM and 2k on BLMN just going to pick a price and go with it. 

Lets go boys !!!!

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27 minutes ago, Todem said:

We are in BLMN at $6.42

This will be a glorious trade.

Sold Apr 7.50 puts for 1.70. Don’t mind taking the stock at a cost basis of 5.80 or collecting the premium if it jumps back up in a few weeks. 

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7 minutes ago, CGRdrJoe said:

I got a buy put in for 2k of blmn at 6.40, inching closer to that number....

 

Gonna put mine in at 6.39 for 2k just because. Good luck 🙂

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2 minutes ago, Wooderson said:

 

Gonna put mine in at 6.39 for 2k just because. Good luck 🙂

That didn't take long

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2 minutes ago, Wooderson said:

 

Gonna put mine in at 6.39 for 2k just because. Good luck 🙂

Thanks gb same to you,  just had the ticket punched, here’s to some Vegas money hopefully.

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4 minutes ago, Blue Dot Orange Dot said:

Sold Apr 7.50 puts for 1.70. Don’t mind taking the stock at a cost basis of 5.80 or collecting the premium if it jumps back up in a few weeks. 

Great move.

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Posted (edited)
6 minutes ago, CGRdrJoe said:

Thanks gb same to you,  just had the ticket punched, here’s to some Vegas money hopefully.

 

Lets double down !!! haha

It's at 6.30

Edited by Wooderson

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First individual stock trade in forever (the shippers if anyone was around for that fun - MOATS)

In BLMN 6.375

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In the next week, twice as many Americans will die of COVID as were killed on 9/11.

Anyone thinking that Won't begin to wear on the market is nuts. 

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Just now, [icon] said:

In the next week, twice as many Americans will die of COVID as were killed on 9/11.

Anyone thinking that Won't begin to wear on the market is nuts. 

I agree it will hit the market again next week, but we’re a pretty disgusting society and I’m starting to think the current administration is only concerned about GDP and not about people dying. 

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What’s going on with CYDY, noticed it’s up 35% today.

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1 minute ago, fantasycurse42 said:

I agree it will hit the market again next week, but we’re a pretty disgusting society and I’m starting to think the current administration is only concerned about GDP and not about people dying. 

I agree it's sad but people will move on quicker then people might think. 

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37 minutes ago, Walking Boot said:

CYDY isn't on one of the "normal" stock exchanges, and one of the reasons why is that, yes, it's low value doesn't qualify it. It's traded over-the-counter (OTC) instead, so there are lots of fees.

Wait. So did I end up buying hundreds of shares of CYDY from Jordan Belfort??

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56 minutes ago, cosjobs said:

accumulate. None of us bought in expecting a $1.50 stock. I think most of us are wishcasting $10-30.

Yep. I’m even in my brokerage account due to this and I have more in my IRA but I don’t have ZM in the IRA so down a little bit there overall today. Finally got some action on it. I didn’t get in at .29, wish I had, but I’ll take a 40% gain today.

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3 minutes ago, fantasycurse42 said:

What’s going on with CYDY, noticed it’s up 35% today.

Positive phase 2 results posted upthread by @chet

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39 minutes ago, Walking Boot said:

CYDY isn't on one of the "normal" stock exchanges, and one of the reasons why is that, yes, it's low value doesn't qualify it. It's traded over-the-counter (OTC) instead, so there are lots of fees.

Got mine with $0 commissions on Fidelity. I may have to check but I don’t recall seeing any. That said, I’ve got almost every account including my current 401k there so I might get some extra benefits. I keep getting emails from a wealth advisor, but I kind of like buying stocks instead of funds.

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1 minute ago, stbugs said:

Got mine with $0 commissions on Fidelity. I may have to check but I don’t recall seeing any. That said, I’ve got almost every account including my current 401k there so I might get some extra benefits. I keep getting emails from a wealth advisor, but I kind of like buying stocks instead of funds.

I do see anything extra on mine from TD Ameritrade 

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Posted (edited)
1 hour ago, Todem said:

OK this restaurant stock just caught my attention.

 

BLMN

 

Who thinks Outback, Carabas, Bonefish Grill are going under? 

 

If you don’t this stock just suspended it’s dividend (who cares....we are buying it for a massive turnaround pop trade) and drew down it’s entire credit facility to sit on 400MM in cash.

They will get through this. I can’t see this huge chain brand just going under. The first thing people are doing.....once this is past us is going back out to eat. Big time.

Thoughts?

Do they own their stores? Do any corp restaurants? Its a lot easier to meet just payroll for a longer period (>3mos?), than payroll plus rent.

Edited by cosjobs

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I'm watching the futures, looking at the hourly chart... Let's see how good I can get, but it to me it is screaming to buy at 3:28 and sell at close. 

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9 minutes ago, cosjobs said:

Do they own their stores? Do corp restaurants? Its a lot easier to meet just payroll for a longer period (>3mos?), than payroll plus rent.

I can't speak for all locations but many are leased.  I've seen many of them listed for sale with the lease attached over time listed on a commercial real estate site I use.

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Posted (edited)
3 minutes ago, fantasycurse42 said:

I'm watching the futures, looking at the hourly chart... Let's see how good I can get, but it to me it is screaming to buy at 3:28 and sell at close. 

Wait, I'm drunk, that's not correct.

ETA: just fact-checking my work.

Edited by fantasycurse42

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Heading upwards as we near close.  Just doesn’t make sense with what’s going on in the world to buy into the weekend.  
 

Is it possible that the Fed and their “limitless asset purchases” has the weight to strategically build market momentum at key times?  

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1 hour ago, cosjobs said:

accumulate. None of us bought in expecting a $1.50 stock. I think most of us are wishcasting $10-30.

Huge volume on it today compared to normal.

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1 hour ago, cosjobs said:

Since I can hae anything I want, I'm going to take a break and make some fried catfish, mac n cheese and cole slaw. And a vodka tonic. Hold my beer.

mmmm

I hope intermittent fasting works; I eat like a pig 8 hours a day

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1 hour ago, NajehHejan said:

Agreed - easy double or triple. 

Unless you are Ricky Henderson, there really aren't any easy doubles or triples

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1 hour ago, Todem said:

We are in BLMN at $6.42

This will be a glorious trade.

I see they took a poison pill. Great article about that process:


Coronavirus-stricken U.S. companies pop poison pills
BY Reuters
— 2:25 PM ET 03/25/2020
By Svea Herbst-Bayliss

(Reuters) - More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders and activist shareholders eager to exploit the coronavirus-induced market sell-off.

The S&P 500 Index has lost about a quarter of its value in the last month, as large swathes of the U.S. economy shut down and people stay at home to prevent the spread of the virus. This has made the shares of many companies cheaper and more vulnerable to approaches by corporate rivals and hedge funds.

Ten U.S. companies have announced poison pills in March, setting a record, according to FactSet Research Systems Inc and Deal Point Data LLC. Over the last 12 months through March 25, 44 poison pills have been adopted, double the number during the previous 12-month period, according to FactSet.

Poison pills prevent other companies and investors from amassing ownership stakes above a certain threshold, by authorizing the targeted company to sell new stock to its shareholders at a discount. Pioneered by corporate lawyer Martin Lipton in the early 1980s, their use can make amassing a stake in a company much more expensive.

Poison pills are often criticized by shareholders, as well as proxy advisers such as Institutional Shareholder Services and Glass, Lewis & Co, for their dilutive effect on ownership. As a result, they have been deployed sparingly by most companies in recent years, and are regarded as an emergency measure that enables the boards of targeted companies to remain in control.

Most poison pills, which are also referred to as shareholder rights plans, are adopted for a limited time, until the takeover threat subsides. Only rarely are they exercised once announced. Nevertheless, the spike in their adoption in the wake of the coronavirus outbreak highlights how vulnerable many U.S. companies feel to hostile bids and corporate agitators after their shares nosedived, corporate governance experts said.

"Companies have been adopting poison pills at a faster pace than we have ever seen in recent years. We expect more will be coming, many more," said Lawrence Elbaum, co-head of law firm Vinson & Elkins LLP's shareholder activism practice.

Oil and gas exploration and production company Occidental Petroleum (OXY) , entertainment and restaurant company Dave & Buster's Entertainment Inc (PLAY) , petroleum refiner Delek US Holdings Inc (DK) , natural gas pipeline operator Williams Companies (WMB) , in-flight video content company Global Eagle Entertainment (ENT) and gourmet food and restaurant supply company Chefs' Warehouse (CHEF) are companies that announced the adoption of poison pills in the last 10 days.

Occidental and Delek adopted poison pills to defend against billionaire investor Carl Icahn, while the other four companies unveiled poison pills following a plunge in their stock price, without disclosing a specific threat. All of them declined to comment or did not respond to requests for comment by Reuters.

Many companies have mobilized following warnings from their advisers. Goldman Sachs Group Inc warned clients in a memo last week that cash-rich hedge funds were buying stocks in the downturn with an eye to making demands on companies later, according to one of the memo's recipients. The investment bank urged companies to discuss adopting poison pills with their lawyers.

Law firm Davis Polk & Wardwell LLP told clients in a memo last week that, while most poison pills cap ownership of any shareholders to around 15%, "a meaningfully lower threshold may be appropriate now."

HEDGE FUNDS SEEKING TO CUT LOSSES

To be sure, many activist hedge funds that had significant stakes in companies suffered losses when the stock market plunged. Yet many bought more shares following the market sell-off, lowering their cost basis in hope of offsetting or reversing earlier losses when the stocks recover. This unnerved the companies they have been targeting.

"Unlike the bedrock American companies drained by the (coronavirus) crisis, there is ample dry powder in the coffers of some funds and companies to support the continuance of activist attacks and takeover raids," Lipton, who is the founding partner of law firm Wachtell, Lipton, Rosen & Katz LLP, wrote in a note to clients on Wednesday.

Among the recent examples, Jana Partners raised its stake in restaurant chain Bloomin' Brands (BLMN) two weeks ago to 9.2% from 7.4%. ValueAct Capital last week disclosed it increased its ownership of adventure cruises company Lindblad Expeditions Holdings (LIND) to 9.8% from 7.4%. Pershing Square Capital Holdings bought Starbucks Corp (SBUX) shares after having sold a previous stake earlier in the year, fund manager William Ackman told Reuters earlier this month.

"Hedge funds don't see an economic crisis of epic proportions, they see an opportunity," said Kai Liekefett, co-chair of law firm Sidley Austin's shareholder activism practice.

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9 minutes ago, Golf Guy 69 said:

Up 36k on CYDY today, crazy.  

Actually that's not crazy, chet's 360k is crazy.

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6 minutes ago, Wooderson said:

I’m in for 2k for mgm if it hits 12.22

Grabbed some earlier today at $12.29.  Thought about waiting to near close for a potential sell off, but figured I need to stop being picky and be happy with the approx 63% value from their high.

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16 minutes ago, cosjobs said:

Unless you are Ricky Henderson, there really aren't any easy doubles or triples

Or Billy Hamilton on the very rare occasion he actually makes contact.

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In on BLMN.

Come on fatties, pull up to the table when this is over.

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Typical Friday selloff at the close.

And I think we get our third Monday Bloody Monday in a row. Be ready.

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MGM looks interesting, but I'm going to wait until next week and look at selling a bunch of January 2021 puts, maybe even as low as a 5 buck strike price.

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14 minutes ago, Todem said:

Or Billy Hamilton on the very rare occasion he actually makes contact.

Hitting the ball is an important first step in getting any base hit.

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1 hour ago, Random said:

First individual stock trade in forever (the shippers if anyone was around for that fun - MOATS)

In BLMN 6.375

#Moatloads

#PRGN

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6 minutes ago, Big League Chew said:

that BRZU went from 1.89 to 1.62 pretty quick

It's crazy. I felt dumb for bailing at 1.75 when I could have had 1.89 but it's so hard to hit a homer on those. Just glad I made some scraps. I'll be eyeing it up Monday morning as well. If it's a bloodbath like  everyone thinks, we could be seeing an open around 1.30 or so - I'll be looking to perhaps jump in for another quick ride. 

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Great job today everyone - keep the recommendations coming - let's keep making some green! Be safe and have a great weekend.

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