gruecd
Footballguy
I don't envision a lot of unexpected bad news. Bad earnings the next couple of quarters aren't going to surprise anybody.
Not Oprah, but I do see J.J. Watt every now and then...
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Stock Thread (9 Viewers)
- Thread starter St. Louis Bob
- Start date
Not Oprah, but I do see J.J. Watt every now and then...
beef
Footballguy
@gruecd I agree on the lows. That's done and so last month. Fed won't allow a re-test so why bother fighting them on it. Seems like most of the WS talking heads have let that set in too and are just skipping 2020 and going right into 2021. As long as companies don't go BK, they get a free pass and a year+ to prove they can make money again.
Once it sucks everyone in and they change from 'waiting for a retest of the lows' to 'TO THE MOON!!!', then it falls apart.
-OZ-
Footballguy
I figured we'd pay a rental company, and I don't mind working on the house a bit. But I want flexibility and any house or condo we'd want will cost more in maintenance than I want to pay unless we're killing it in rentals. Buying was more the wife's dream than mine.
Inflation can suck eventually.
I get it, pretty much agree.
Don't Noonan
Footballguy
Food for thought if this is just a bear market rally the 25% gain would be the largest "bear market rally" ever recorded.
-OZ-
Footballguy
I think this is where many of us got it "wrong".
Without turning this into a political thread, we've gotten to corporate socialism.
BassNBrew
Footballguy
My rental company has figured out a way to legalize rape and still insists that i say thank you afterwards.
Sand
Footballguy
Not sure if the top, but I have an uncanny ability to have terrible timing. Doesn't matter when I chose it would be wrong, so why not. This can easily keep going up. Bought back in yesterday and this morning.
I've just resigned myself to follow the market where she goes in a conservative allocation. Only thing I bought that was speculative was DAL for a long term hold.
beef
Footballguy
In an odd way it might make sense. CYDY seems to be working and actually helping people. In traditional market reactions, like back in the old days, that would make the stock rise or hold. But not these new markets. It's like my kid's "new math" in school. Can't just multiply numbers in your head anymore. You have to draw out squares and circles and shade in some to the point it gets so f'n confusing you just give up and accept the answer the Fed teacher wants.
Gotcha. Good luck. I do think we could be reaching a top here. I have heard so much bad news tied in with the we won't retest the bottom optimism that I feel like retesting the bottom is inevitable based on the unbelievable optimism tied with the unemployment/small business hits/entire industries getting killed (not just travel and restaurants, but hospitals and everyone servicing these industries). I think the recovery will happen, but the markets had already had a huge run up so I can't imagine that right now or even looking ahead we should be retesting the all time highs. Oh well, I have 88% invested (not including 401ks) right now so I'm enjoying the ride but I am very skittish. I rode out the 35% drop and I don't want to do it again.
General Malaise
Footballguy
The short interest in CYDY is still very strong. There's still no borrow available, which indicates a lot of force against this one. For all the believers in this one (myself included) there are legions of investors betting against it. As of March 31, there were over 7mm shares short on this one. 2.7mm on Dec. 31. It's a headwind for sure.
Are they all OTC stocks that are pretty easy to manipulate on the short side? Do they have "new" good news?
I wish I didn't add to my stake last week. Still up $13k, but lost a bit in the last week. Unfortunately, most of the biotech stocks had those run ups and the ones, unlike CYDY, that were more about PR and not actual good news went back down. CYDY has had legitimately good news so it's held up, but it seems like it is in a holding pattern until the next real news.
cosjobs
Footballguy
Don Hutson
Footballguy
So they let us know that they call their Board of Directors "the Board" and call CytoDyn "the Company" in the press release announcing the hiring of Scott not the astronaut Kelly. Kind of strange and amateurish for them to let us know their nicknames for their board and company. And calling themselves "the Company" is ridiculous. Do they want the public to call CytoDyn "the Company"? Boe Rimes, the supposedly unaffiliated guy who wrote the Microcapdaily article, calls CytoDyn "the Company" three times in his article. He capitalizes "Company" each time. My guess is that the same person wrote both the press release and that article.
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What in the world are you talking about? Defining phrases like ABC Corporation (“the Company”) and The Board of Directors (“the Board”) is about as standard practice as you’ll find.
And where is the astronaut reference?
Don Hutson
Footballguy
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sporthenry
Footballguy
Is she nibbling in it here? Love how they’re all usually ultra long but still find cash to nibble on stuff.
cosjobs
Footballguy
Their new CMO shares his name with Scott Kelly the astronaut. They were correct in informing the public that it is not the astronaut.
General Malaise
Footballguy
That's just standard financialese for press releases. I wouldn't read too much into that.
sporthenry
Footballguy
I mean what are your other Covid 19 plays? I presume it’s WFH and quarantine stuff like AMZN, ZM, ROKU, NFLX, etc? In that sense, CYDY is the opposite since if CYDY is the cure, we can all go out and those stocks won’t see as big a benefit as people think. It’s also a small biotech stock with a binary outcome as it relates to covid. Either it works or it doesn’t. And even if it does, other drugs could also work. I bought a little for the optionality if it works for covid but also have the other indications as a fall back.
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Insoxicated
I added a nice chunk (for me) at 2.51 with the plans to throw a trailing stop loss in once it crosses 2.75ish range.
Don Hutson
Footballguy
But why is Boe Rimes capitalizing "Company"? It shouldn't be capitalized. It is capitalized in both articles. Same author.
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-OZ-
Footballguy
Put a buy in (always using limit) at $2.50. only another $500, which pretty much takes me out until next pay day (or stimulus comes through).
General Malaise
Footballguy
It's very common in the industry. Instead of using the word CytoDyn Inc in the article, they're using "Company" as a replacement term. So it should be capitalized as you would capitalize CytoDyn. Think of the word "Company" as a placeholder.
One is a press release. If they want to define CytoDyn as “The Company” so that they don’t have to say CytoDyn a hundred times, then it positively would be capitalized.
The other is an article. You’ll have to ask the author why they did the same.
But to be up in arms about it is nonsensical.
General Malaise
Footballguy
Don Hutson
Footballguy
I'm wrong. I thought it wasn't normally capitalized. I still think that the Microcapdaily article was written by CytoDyn. I don't like that they'd write an article about themselves and claim to have no affiliation at the end of the article.
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General Malaise
Footballguy
Well, if you're NOT accustomed to reading these things, consider yourself lucky.
It's just standard operating procedure.
Warrior
Footballguy
Have you never read a press release? Or a contact? Or a legal document of any kind?
Edit: saw your most recent response so never mind.
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BassNBrew
Footballguy
BassNBrew
Footballguy
ALT, VBIV, DGX
ETA - cydy isn't really a covid play for me, but I wouldn't mind a cover bounce from here.
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Wooderson
Fight The Power
You only made a mistake if you buy back in at a higher price. So if it's getting to your sell point, get back in before it hits that mark. If you wait until then, why bother selling in the 1st place Should have just left it alone. But if you even get in 1% lower, you just outperformed 90% of the rest of investors. This was about the easiest market timing ever gifted to anyone.
Everyone should have jumped out for a day at least in late Feb, early March.
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ConstruxBoy
Kate's Daddy
So if you get back in, you just outperformed the majority of investors and all the buy and hold ones in that. That is how I look at it. Anytime you get the gift of being able to scalp 1% or more (in your case) vs the buy & hold guys, you take it.
Once this recession/virus is over, that 'gift' is gone and then it's buy and hold for S&P 4000 for me.
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SFBayDuck
Footballguy
We lost a guy in the old Bitcoin thread. Dude was early, way before the 20k run up, but got involved in some awful web site that was trying to be a marketplace. I assume he took a huge bath on that and then missed the huge run up. I don't know if it's true, but there were some posts that he was LHUCKS, the guy who called the top before the S&P went on to triple. He was definitely on the short side, so him not posting in here might indicate that he's taken it in the shorts.
I own some, was up a nice amount before the drop and close to even now. I subscribe to the Motley Fool for a couple things as well. Seems like a decent long term play, but as with everything right now, I am a bit more skittish on almost everything I own except ZM (I got in that in the 60s, so already happy), AMZN and ROKU. I like some others, but I don't know how much the current environment/fundamental changes in the way people live will affect them. I think ZM, AMZN and ROKU's addressable markets are bigger now than before CV. If the market retests lows, those three will handle things much better than Appian.
Wooderson
Fight The Power
The reason I asked is because you really didn't know. You got lucky and that's great. Just like when to put money back in. You won't know the correct time. Hopefully you get lucky again.
sporthenry
Footballguy
Elon is playing 3D Chess. Just tell your landlords you're not paying rent. What a genius idea. I'm going to try that.
Bossman
Footballguy
... you're making my point sir.
Not many folks want to believe the bear market ended ... what with the body count .. and all of the small business closures and such.
... and I believe 20% is where they consider it to be a "Bull market". Strange that people will not concede.
Don't Noonan
Footballguy
Wait, how do you know we lost a guy? Seems like the only you would know would be if a friend of his in real life was also a poster and relayed the news.
