Stock Thread (24 Viewers)

[sporthenry]

Holding TVIX over the weekend. Can't wait for the Fed to announce a new program in the Monday premarket.

Well they haven't even started the first program. Although I think they achieved their goal of opening up the credit markets. But they have another $2T+ bazooka that is armed. I think they'll likely wait to see how things shake out before announcing another one. 

As an aside, it is pretty telling when you read between the lines of Powell's presser of how ugly it is getting that they're going to need more money but the market just wants more money irrespective of what it says about the economy. 

 

[fantasycurse42]

TVIX opened and closed within $1  

I still don't understand why not just short a futures contract. 

 

[lod001]

Well they haven't even started the first program. Although I think they achieved their goal of opening up the credit markets. But they have another $2T+ bazooka that is armed. I think they'll likely wait to see how things shake out before announcing another one. 

As an aside, it is pretty telling when you read between the lines of Powell's presser of how ugly it is getting that they're going to need more money but the market just wants more money irrespective of what it says about the economy. 

I think they let the market sell of quite a bit before they print off some more $.

 

[cosjobs]

I'm not deploying the bankrolls you guys have, so I'm tempted to take my 15% in TVIX and bow out. But...the pattern for me (so far) has been to buy and sell too early. Cos, talk me down.

Holding TVIX over the weekend. Can't wait for the Fed to announce a new program in the Monday premarket.

Same

Good job holding.

So far.

After hours:

Bid 234.12 x 1

Ask 234.45 x 1

(closed 45 minutes ago at 227)

 

[cosjobs]

TVIX opened and closed within $1  

I still don't understand why not just short a futures contract. 

Lots of stocks do that, maybe most. Are you going to short them all?

 

[BassNBrew]

What a brutal day. Most everything I own did worse than the market today

 

[sporthenry]

I’m confused. A stock was up 17.6% today and someone’s complaining. VIX was up 9% so maybe it underperformed by 50bps. But an investment that’s up 17% when IWM is only down 4% seems like a win. 

 

[BassNBrew]

Zoom and Draftkings were my only 2 green holdings today. I was red overall the same % the market was. 

I lost 1.4% to the s&p despite holding cash and tza. That means my average holding was down 6% or so. 

 

[Moonlight]

NP clearly stated in an interview yesterday that Dr Patterson would be published in a prestigious medical journal today.  Haven't seen anything on this yet but my antennas will go up a bit if he's out there pumping something that is not true.

There is no need to pump if this is happening, just let it happen and if you are going to say something, you have to be credible.

With my limited exposure to the company I would say that they seem overly optimistic regarding timelines. But it would be quick to have something published within a week from submission, it was submitted on the 28th. . I went over to the JAMA and they are adding articles and studies on a daily basis. I would be more concerned if we don't see something published in the next 7 to 10 days. I think they will get it done. I

 

[kevzilla]

I’m confused. A stock was up 17.6% today and someone’s complaining. VIX was up 9% so maybe it underperformed by 50bps. But an investment that’s up 17% when IWM is only down 4% seems like a win. 

I went from 4% down to 13% up today, I am not complaining. I sold at 56 as it proceeded to 1000, so if anything, I have FOMO.

 

[Jefferson the Caregiver]

With my limited exposure to the company I would say that they seem overly optimistic regarding timelines. But it would be quick to have something published within a week from submission, it was submitted on the 28th. . I went over to the JAMA and they are adding articles and studies on a daily basis. I would be more concerned if we don't see something published in the next 7 to 10 days. I think they will get it done. I

Pretty much agree.  It would be stupid to say this was going to happen and it never happen.   Was a little frustrated because expectations were different.

He got a little excited probably, still something he needs to be careful about.   Really he doesn't need to say anything at all like this, just let it happen.

 

[Moonlight]

Pretty much agree.  It would be stupid to say this was going to happen and it never happen.   Was a little frustrated because expectations were different.

He got a little excited probably, still something he needs to be careful about.   Really he doesn't need to say anything at all like this, just let it happen.

Agree. It is frustrating when you see everything that is happening with the Gilead drug that you thought would be the case for CYDY. If the science is true, cant see how leronlimab doesn't become the main focus of treatment.

 

[Whyatt]

Does anyone follow Adam Feuerstein?

https://twitter.com/adamfeuerstein/status/1256356792545705984

 

[chet]

Does anyone follow Adam Feuerstein?

https://twitter.com/adamfeuerstein/status/1256356792545705984

A little misleading--CYDY filed an S3 which registers stock and makes it legal to sell but it doesn't mean that he sold anything.  Really stupid for CYDY to do this but they're a small company and don't know how these things work.  Nader needs to realize that institutional investors look at these types of things. 

 

[Whyatt]

A little misleading--CYDY filed an S3 which registers stock and makes it legal to sell but it doesn't mean that he sold anything.  Really stupid for CYDY to do this but they're a small company and don't know how these things work.  Nader needs to realize that institutional investors look at these types of things. 

I see a Form 144. 

https://www.sec.gov/fast-answers/answersform144htm.html

 

[sporthenry]

I see a Form 144. 

https://www.sec.gov/fast-answers/answersform144htm.html

Can you find the actual 144? I can't find the actual one. Just the S-3/A. Perhaps it is showing up somewhere already but could also be short sellers on twitter playing games. 

It isn't a great look but looks like they filed the initial S-3 in January. Not sure what the amendment covers.

 

[Whyatt]

https://twitter.com/AuspexResearch/status/1256361707603099648/photo/1

 

[sporthenry]

https://twitter.com/AuspexResearch/status/1256361707603099648/photo/1

That is the only place I see it though. I even looked up that SEC file number and got nothing. Maybe it hasn't hit yet. But can't confirm its existence yet. 

 

[Whyatt]

That is the only place I see it though. I even looked up that SEC file number and got nothing. Maybe it hasn't hit yet. But can't confirm its existence yet. 

That’s all I have. If you search Twitter $cydy (latest tab) a whole bunch of ridiculousness pops up. 

 

[chet]

Does anyone follow Adam Feuerstein?

https://twitter.com/adamfeuerstein/status/1256356792545705984

Feuerstein writes some really nasty things about CYDY.  He's a darling of the short sellers and I think he writes things like that to appease them.  

Personally, I think it's disgusting to purposefully write misleading and untrue items about a company that is actively working to help COVID-19 victims.  He may not like Nader but he should separate that dislike from the science and impressive results.

 

[Bob Sacamano]

First Squawk

@FirstSquawk

TRUMP SAYS HE HAS A PLAN TO ADDRESS NATIONAL DEBT

This should be good given how he seems to misunderstand negative rates. Cancel China's debt? Restructure? Declare bankruptcy?

"I was perusing the numbers last night, because I do that - people don't know that about me, but I'm a numbers guy, the best, with the numbers. Especially pie. That's my favorite.

But I found a line item called Socialist Security. I assume it's for payments to China or AOC's free birth control budget for the kids to keep having all the sex.  But it's not for anything important, I assume. Since I've never heard of it. And we're just going to use that money. Because socialists are bad - very bad. Some people have told me they say to me, they say, "Sir, why are we securing the socialists?" I just had the King of Atlantis and the Prime Minister of Guam say that to me just the other day. They tell me that all the time.  And we don't want them to be secure. So we're doing this."

 

[Jefferson the Caregiver]

The form 144 is in here, April 30

https://www.sec.gov/corpfin/form-144-email

Anyone smarter than me want to interpret this?

 

[Capella]

The form 144 is in here, April 30

https://www.sec.gov/corpfin/form-144-email

Anyone smarter than me want to interpret this?

Not good? 
 

Why would this guy be unloading this if he thought the rocket was getting ready to take off?

 

[sporthenry]

The form 144 is in here, April 30

https://www.sec.gov/corpfin/form-144-email

Anyone smarter than me want to interpret this?

Oh wow, thanks for that. There it is. That does seem pretty bad. CEO selling 4.8 million of his shares. According to the S-3, he owns 8.7 million shares. Registered to sell 2 million shares in the S-3. Not sure if that 4.8 million is completely separate. 

I mean the good news from the S-3/A is that most insiders increased their stake. I'm not close enough to know how much of that was the convertible offering and/or the exercise of any warrants for insiders. As Chet alluded to, the S-3 doesn't require them to sell them but the Form 144 is only filed with an intention to sell the securities. Perhaps he needed the money.

 

[matuski]

Feuerstein writes some really nasty things about CYDY.  He's a darling of the short sellers and I think he writes things like that to appease them.  

Personally, I think it's disgusting to purposefully write misleading and untrue items about a company that is actively working to help COVID-19 victims.  He may not like Nader but he should separate that dislike from the science and impressive results.

If CYDY has results, please publish them.  Paying for spots does not lend credibility to claims.. results would indeed do so.

 

[Jefferson the Caregiver]

NP seems like a joker, not the right guy for the role.
I believe that Dr Patterson is legit and definitely sees something here.   

Its hard to separate what looks like it might be legit from all the red flags flying around though.

 

[General Malaise]

No way to sugarcoat it, the CEO selling more than half his shares looks horrible.  He may have all kinds of reasons for doing so, but the optics are bad.  The shorts are gonna have a field day with this.  Not the end of the world; happens all the time when stocks jump like this, but it's not the sort of news that inspires confidence. 

 

[The Ref]

Oh wow, thanks for that. There it is. That does seem pretty bad. CEO selling 4.8 million of his shares. According to the S-3, he owns 8.7 million shares. Registered to sell 2 million shares in the S-3. Not sure if that 4.8 million is completely separate. 

I mean the good news from the S-3/A is that most insiders increased their stake. I'm not close enough to know how much of that was the convertible offering and/or the exercise of any warrants for insiders. As Chet alluded to, the S-3 doesn't require them to sell them but the Form 144 is only filed with an intention to sell the securities. Perhaps he needed the money.

Seems to be some bickering that he hasn’t sold a share but now could of he wanted.

Company has been around for a while and a few months ago his 8.7M shares were worth ~$2M which if he sold 8.7M shares would have tanked the stock price even lower at the time.  I’m not sure if he’s a wealthy guy or not beyond these shares and whatever salary he gets paid.

today the shares are worth roughly $30M.  It may be bad optics but he would be stupid to not sell some and lock up his financial future, a few Million Worth anyway.  Selling half, if that’s true wouldn’t be a good signal.  You would think he would send a press release on this or something.

 

[The Ref]

Someone asked Mancini how low does he expect the market to go.

I'll post a chart tommorow, but right now my levels are 2790ish, 2720, and 2630

 

[The Ref]

2:30 in the morning on a Saturday and yahoo finance has 10 people, all shorts, pounding away on CYDY...... seems suspect.

 

[Jefferson the Caregiver]

You would think he would send a press release on this or something.

There is no question some damage control is needed.  

 

[Moonlight]

A lot of controversy going on regarding CYDY. Some saying that  144 form is a fake and plot by shorts to drive price down before Dr. Patterson's paper is published.

A person on another board said that they received an e-mail from NP when they contacted him. See below

Posted By: LongPennyPincher

From Nader

Absolute lie, 49 million existing shares were registered on a S3. Nothing to do with any sales

With best regards

Nader

Nader Pourhassan, PhD

Director, President & CEO
CytoDyn Inc. (www.cytodyn.com)
1111 Main Street, Suite 660

Vancouver, Washington 98660
(360)980-8524 Ext. 1  - Work
(360)980-8549 - Fax
(503)348-4173-Cell
 

Read More: https://investorshangout.com/post/view?id=5754343#ixzz6LGW59QW9

 

[Moonlight]

Checked CYDY twitter site nothing mentioned there about the issue. As was mentioned previously the paper not getting published can lead to doubts. 

If CYDY is for real there is a lot of reason to punish the stock and not let it get off the ground. I heard that CYDY in the call today said they had no interest in merging or partnering with another drug company.

 

[PennState-JD]

2:30 in the morning on a Saturday and yahoo finance has 10 people, all shorts, pounding away on CYDY...... seems suspect.

A couple things seem odd about this—

— the form showed 4.8M shares out of 480M shares.  Assuming the 480M can’t be his total stake, so why is that listed?

— Don’t insiders have to file for future trades well in advance (30 days)?   I’ve seen situations where insiders file to sell the day after a positive earnings announcement.  Granted, if he is selling 50%, that looks bad.  But could it be indicative of he expects some significant positive news and wants to secure some cash?  

 

[[icon]]

Investment update from my pops guy

they like: 

CTXS

SRVR

CLX

WMT

AMZN

Gold

"Healthcare"

 

[pmedina]

Bought my first stand alone stocks yesterday . 
- 1 share of amazon

-150 shares of mgm

-10 shares of boeing 

Left 1900 in account to move into another stock.  Thanks for the education, I open this thread several times a day.

Up $17.24 #boatloads

 

[BassNBrew]

Bought my first stand alone stocks yesterday . 
- 1 share of amazon

-150 shares of mgm

-10 shares of boeing 

Left 1900 in account to move into another stock.  Thanks for the education, I open this thread several times a day.

Up $17.24 #boatloads

Congrats and good job.  Why Boeing?  It seems risky for one of your first stock purchases

 

[BassNBrew]

"I was perusing the numbers last night, because I do that - people don't know that about me, but I'm a numbers guy, the best, with the numbers. Especially pie. That's my favorite.

But I found a line item called Socialist Security. I assume it's for payments to China or AOC's free birth control budget for the kids to keep having all the sex.  But it's not for anything important, I assume. Since I've never heard of it. And we're just going to use that money. Because socialists are bad - very bad. Some people have told me they say to me, they say, "Sir, why are we securing the socialists?" I just had the King of Atlantis and the Prime Minister of Guam say that to me just the other day. They tell me that all the time.  And we don't want them to be secure. So we're doing this."

If you like your security, you can keep your security. Security for everyone. The best security and you’ll save $2400 on your security. 

 

[fantasycurse42]

So CYDY is going to drop 30% on Monday thanks to either a greedy or incompetent CEO, yes?

 

[Slapdash]

A lot of controversy going on regarding CYDY. Some saying that  144 form is a fake and plot by shorts to drive price down before Dr. Patterson's paper is published.

I mean, it's real and you can download it from the SEC site.  What it means is a different story.

 

[Don Hutson]

Leronlimab gets a mention in the LA Times along with a bunch of other drugs.

Drugs for heartburn, gout and depression now being tested as coronavirus treatments

https://www.latimes.com/science/story/2020-05-02/researchers-testing-pepcid-as-coronavirus-treatment

Leronlimab, the first of a new class of HIV drug and still in clinical trials, is thought to inhibit the coronavirus’ entry into cells and possibly to reduce the likelihood of a cytokine storm. In a pair of trials, Montefiore Medical Center in New York will test the drug in patients with mild and severe cases of COVID-19 to see if it improves symptoms and reduces the risk of death.

 

[humpback]

Oh wow, thanks for that. There it is. That does seem pretty bad. CEO selling 4.8 million of his shares. According to the S-3, he owns 8.7 million shares. Registered to sell 2 million shares in the S-3. Not sure if that 4.8 million is completely separate. 

I mean the good news from the S-3/A is that most insiders increased their stake. I'm not close enough to know how much of that was the convertible offering and/or the exercise of any warrants for insiders. As Chet alluded to, the S-3 doesn't require them to sell them but the Form 144 is only filed with an intention to sell the securities. Perhaps he needed the money.

My link

 

[sporthenry]

I mean, it's real and you can download it from the SEC site.  What it means is a different story.

Yes. I mean I suppose it isn't completely out of the question that someone threw a fake 144 into the SEC given COVID. Not sure how much COVID is changing things. But that would likely mean jail time for someone. And doing it so it comes out in a zip file late in the week and doesn't hit until after the market closes would be pretty dumb for shorts since they have all weekend to refute it. 

But I'm much more likely to believe a file on the SEC website than a random investor website where the guy could literally just made up that email. At least a screenshot of the email would be more believable. 

 

[BassNBrew]

How about Chet as ceo of cydy?

 

[ghostguy123]

So a guy sells half the company he runs for probably way more money than he has.

Half, not all, half.  

Sounds like a smart move regardless of what happens with the company

 

[dkp993]

So a guy sells half the company he runs for probably way more money than he has.

Half, not all, half.  

Sounds like a smart move regardless of what happens with the company

I agree completely IF as CEO you don’t believe the company goes 10x from here (which would “only” put the stock in the low 30’s). 

Obviously there is tons of speculation right now and as has been said none of us know NP’s financial situation even if this sell is real.  But if it is real it doesn’t speak positively to NP’s feeling that anything that moves the stock significantly forward is coming any time soon. 

 

[ghostguy123]

I agree completely IF as CEO you don’t believe the company goes 10x from here (which would “only” put the stock in the low 30’s). 

Obviously there is tons of speculation right now and as has been said none of us know NP’s financial situation even if this sell is real.  But if it is real it doesn’t speak positively to NP’s feeling that anything that moves the stock significantly forward is coming any time soon. 

I would happily take 30 million now even if I felt very strongly it would be 300 million at some point.  Setting yourself up for a few lifetimes guaranteed or risk that to set yourself up for 50 lifetimes...........I dont see the point.

If someone hands you 30 million free dollars right now but tells you that you can gamble that 30 million with an 80% chance at 300 million, what's your decision?

 

[[icon]]

If someone hands you 30 million free dollars right now but tells you that you can gamble that 30 million with an 80% chance at 300 million, what's your decision?

I take 15 now and 80% shot at 150 later. 
 

HOWEVER, I will say IF the drug is actually good against HIV and cancer (even forgetting COVID here), it's not like the other 20% of your future scenario is anywhere close to 0... and is likely much more than 30.

THAT's my issue with this thought approach. 

 

[dkp993]

I would happily take 30 million now even if I felt very strongly it would be 300 million at some point.  Setting yourself up for a few lifetimes guaranteed or risk that to set yourself up for 50 lifetimes...........I dont see the point.

If someone hands you 30 million free dollars right now but tells you that you can gamble that 30 million with an 80% chance at 300 million, what's your decision?

Sounds like an amazing plot to a movie.  You know who would be perfect in the staring role? Richard Pryor!  

No doubt what you’re saying is rational, I’m just saying if you’re on the inside and know all the details the “gamble” isn’t as steep as what you’re implying IF what NP has been saying for months is true. If it isn’t then the gamble is what your describing.  And that’s my point.  If 300mil was realistic and close no I don’t believe he cashes for 30 now(yes I realize all these number are hypothetical, just staying consistency with the theme).  If 300 was some possible distant point in the future then yes cashing for 30 makes complete sense.  

 

[Jefferson the Caregiver]

Just on Thursday alone, this joker is out telling shareholders that Bruce will be published in prestigious medical journal on Friday and then same day goes and puts out intent to sell half his shares

He's losing credibility and that's a problem for any shareholders. Going to be hard to believe anything he says going forward.  So many shady biotechs out there, its not going to take much for people to bail.