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Stock Thread (4 Viewers)
- Thread starter St. Louis Bob
- Start date
McBokonon
Footballguy
So Cramer did a “deep dive” on $NNOX last night, and by “deep” I mean “shallow AF.” Basically just gave a recap of events, mentioned the short sellers, said they were smart but didn’t agree or disagree, said they have a binary event (the demonstration at the conference) which is more risk than he can handle, and basically didn’t take a stand. I think that’s why it’s getting dinged today.
McBokonon
Footballguy
McBokonon
Footballguy
Just from what I own, $SE, $AAPL, $MSFT, $SQ, and why not try a little gambling with $NNOX? But there’s a ton of good options, $AMZN, $CRWD, $MA, etc.
Don Hutson
Footballguy
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Don Hutson
Footballguy
ChiefD
Footballguy
bshell27
Footballguy
JoeSteeler
Footballguy
where are you guys buying this? Fidelity wont let me due to "Delinquent SEC Reporting"
bshell27
Footballguy
JoeSteeler
Footballguy
ChiefD
Footballguy
JoeSteeler
Footballguy
ChiefD
Footballguy
So, what is your strategy for a stock like this? Or anyone else for that matter?
Do you guys hold this for a home run (say over $1 a share), or if it hits .10 you get out?
bshell27
Footballguy
Don Hutson
Footballguy
ChiefD
Footballguy
Don Hutson
Footballguy
CBBT just hit $0.021. It has tripled since you bought!All you penny stock chasers - got an alert from an online acquaintance on CBBT - scooped up a small amount at .007 - he thinks it can run well into the dimes - don't know much about it but he has a great track record on these so if you want to throw some play money into it, go for it. Something about a letter of intent to buy another company (yes, I know that's usually fake news or misleading) and something about an ex Apple executive investing through notes convertible at .10 - sure, he could be a bad apple
Don Hutson
Footballguy
ChiefD
Footballguy
Oh sure, I realize that. But at least I wouldn't be pissed at it every day I look at it.
Had a not so good day today since some of the tech high fliers came down a bit and some of the SPAC type stocks got hit, but I’m going to pause for a bit. Between the ZM and FSLY sales (seem to be timed well so far), I’ve freed up a nice amount of cash to see if any deals arise. I think I’ve got enough in SPAC/IPO stuff to not double down on anything, so more long term holdings. Definitely feel like it might be a little rougher on some earnings. TSM is something I bought pre earnings last week (or week before) and they beat bottom and top lines be a good margin and the stock is flat. I think that unless you have a ZM like blowout for a stock that’s popped this year it could be a down day.McBokonon said:
Huge? It’s up 10% since he recommended. That’s nice but pretty sure he had a much higher target closer to $60 on it. It’s diversification for me but why get out so soon?
BassNBrew
Footballguy
I'm up 16% in one account and 24% in another. That's big for me for a utility. My target was $50, but I'll gladly take the profits like we did on PPL and move into something else.
NajehHejan
Footballguy
I’m holding CBBT for at least a dime. May actually buy more at .02. Might hit a buck but probably not.
Don Hutson
Footballguy
NajehHejan
Footballguy
Love the pi reference. I treaded carefully and bought 250,000 shares (of course wish I bought 1,000,000) so I’m tempted to hold for a possible buck or just watch it go to zero.
I'll caution you to not get greedy. The market cap of this company is $2.8M, yes, not quite 3 million and that's after tripling. There's no real news. What could they possibly be acquiring with that market cap? Congrats on the run up, but if CYDY taught me anything, it's set an exit price that isn't crazy. I remember getting chastised for saying I'd be happy with a $9 buyout when the stock was around $3 and hadn't run up. I still made a real nice amount and sold at the next two peaks after the top, but had I stuck with that thought, I would have gotten out at the top. People were saying, no, a buyout at $9 would suck because it could go to $20. The day it went over $9 was the only day at that price.
This isn't a good company with great future prospects. It's a small enough company that people getting enough folks interested, like yourself, you could actually move the price. Problem is, when others feel they got enough, it could lose a large percentage over night.
Also, getting to a buck would mean an over 100x jump. That's not a common thing and typically it's a juggernaut like Netflix, Tesla or Amazon. Not a stock with no earnings reported since 2018 that is acquiring a teensy/nothing company.
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NajehHejan
Footballguy
Guys I think I found our next money maker. SESN. It’s a stock I made some money on in 2018 then moved on but kept it on my watch list. It seems to be picking up steam again as it gets closer to possible FDA approval for its bladder cancer drug Vicinium, which is in phase 3. They just signed an exclusivity agreement with Cardinal Health for third party logistics related to Vicinium. As you guys know these things take a while so folks get impatient and the stock sells off, the company dilutes a bit for cash, etc so the stock chart can look ugly with a slow and steady decline for a year or two. It could still go down a bit but I have the feeling we’re in the early parts of the Phoenix rising stage. I’m not up to speed on how much cash they have on hand, need to do more research. They may have announced the Cardinal Health PR so they can dilute some. I’m taking a starting position tomorrow and am looking to accumulate at least $10,000 worth. I think this is worthy of returning moatloads.
BassNBrew
Footballguy
JPM going after Square and Paypal
https://www.cnbc.com/2020/10/21/jpmorgan-takes-on-square-and-paypal-with-smartphone-card-reader-faster-deposits-for-merchants.html
This could be tasty for us longs.
https://www.cnbc.com/2020/10/21/jpmorgan-takes-on-square-and-paypal-with-smartphone-card-reader-faster-deposits-for-merchants.html
This could be tasty for us longs.
Interesting. I got a rec for Square in June (it was at $80 SMH). It seems way too rich now for me to buy, kind of like SE. I like it but I missed the boat thinking it wouldn’t keep going up. If JPM can undercut and provide the same service then that could be interesting. JPM obviously has a lower multiple but SQ is growing way faster with a fraction of the revenue. That said, SQ has slightly more than 1/4 the market cap.
General Malaise
Footballguy
BEEM (formerly Envision Solar) got a big order from San Diego - hoping for a nice pop on this news.
McBokonon
Footballguy
There seems to be a full-on assault on $SQ this morning. There’s this, Paypal launching a crypto service, and Visa rolling out tap to phone payments - all three of these are in the news this morning.
This tells me, yes, competition, but also that Square knows what they’re doing and everyone else is playing catch-up.
NajehHejan
Footballguy
Bought 10,000 SESN at 1.21. Long term hold for me. Will buy another 10,000 if drops below 1.00
Nigel
Footballguy
Sold half (2,500) at $2.40 this morning, up ~50% from $1.63. Just bought them back for $1.71.Blindly tailed someone on NWBO last week, beauty of a bump today.
I only share good news.
Nick Vermeil
Footballguy
Not liking this slow bleed of NNOX.
McBokonon
Footballguy
High flying tech having their semi-monthly sell off.
$NNOX catalysts are first FDA decision (Any day?) and their demo 12/2. Both binary events (FDA could have others like asking for more info.) Might want to just ignore it until then or sell it if you’re watching it every day. It’s better to think of it as a biotech with no product waiting for approval or denial.
$NNOX catalysts are first FDA decision (Any day?) and their demo 12/2. Both binary events (FDA could have others like asking for more info.) Might want to just ignore it until then or sell it if you’re watching it every day. It’s better to think of it as a biotech with no product waiting for approval or denial.
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Don Hutson
Footballguy
I'm surprised this didn't cause a pop in stock price today. I guess everyone is focused on the effect of the stimulus bill.
BassNBrew
Footballguy
McBokonon
Footballguy
Everyone hates financials and this feels like when JPM decided to stop badmouthing crypto or tried their own payment app way after the fact (ChasePay which is discontinued) - they're late on some things and they haven't always executed. Great bank, best in class and all, but this feels reactionary.
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Probably should have taken the quick 20% but I’m not a good day trader. Too many meetings/work. It’s back at $2 so I’m basically flat. I’m just waiting for the data because it’s either going to be a nice pop or a sell and forget!
I really hate these short term stocks like NNOX as well, although with good news they could actually turn into longer term stocks. They move so much and you spend way too much time watching them.
