Stock Thread (49 Viewers)

[sporthenry]

Soneone's buying the stock and I think it's an institution.  I am hoping it's an investor and not big pharma.

I mean wouldn't a pharma player have to file something? At this rate, it wouldn't take much to get above that 10% threshold at the very least. I was never good with the forms but wouldn't they have to disclose it as a proposed activist position sooner than later?

It does look like at least one day trader, Timothy Sykes got a hold of it. Will be interesting price dynamics. I would think a pullback once shorts get squeezed may be healthy assuming the bottom doesn't fall out of it. 

 

[ConstruxBoy]

I don't like hearing this.

DEF 14A sec filing
June 22, 2020

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.

The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.

We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.

Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer

That's normal for a company in this position. But if you see a reverse split so that they can get the stock price high enough to uplist, then run for the hills. 

 

[chet]

I mean wouldn't a pharma player have to file something? At this rate, it wouldn't take much to get above that 10% threshold at the very least. I was never good with the forms but wouldn't they have to disclose it as a proposed activist position sooner than later?

It does look like at least one day trader, Timothy Sykes got a hold of it. Will be interesting price dynamics. I would think a pullback once shorts get squeezed may be healthy assuming the bottom doesn't fall out of it. 

Unless the rule has changed, you don't have to report unless you own >5%.

5% of 500MM is 25MM shares.  That's a month or two of "smart" buying (being~25% of overall buy volume) or a couple weeks of aggressive buying.

 

[Zegras11]

I'm beginning to feel like I bought it at a buc now. 

 

[Freak Show]

Nobody likes the onion anymore

I just bought more

 

[cosjobs]

TVIX is getting delisted...

http://www.prnewswire.com/news-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-velocityshares-etns-301080971.html

Interesting. I bought 50 this morning. Down 30 cents. Unsure the best move here. Instinct is to sell at the tiny loss.

 

[The General]

Nobody likes the onion anymore

I just bought more

I'm in for more.

Distracted by this CYDY explosion though.

 

[CR69]

Interesting. I bought 50 this morning. Down 30 cents. Unsure the best move here. Instinct is to sell at the tiny loss.

I have some VIX calls but no idea what I would do in your shoes 

 

[cosjobs]

PUT (DIS) DISNEY WALT CO SEP 18 20 $105 (100 SHS)
 

 

[stbugs]

Well I’ll be. Damn solid day. CYDY, FSLY and LVGO just straight running up the hill. Bunch of other tech rolling but those have just exploded lately. 

 

[ghostguy123]

Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  

 

[djmich]

That's normal for a company in this position. But if you see a reverse split so that they can get the stock price high enough to uplist, then run for the hills. 

Why is that bad?  Doesnt dilute and uplist is good.

 

[stbugs]

Looks like tech?

100% is. I’m very big long term on tech names although still in other areas (Amazon’s a pretty big retailer and lots of healthcare/biotech/whatever). I’ve got index type funds in my 401ks, but my self managed is very much in the tech bucket, which is an extremely broad term. It’s beating the S&P by 46% YTD.

 

[BassNBrew]

This stock market thing is a lot more fun when Blmn is bounce up and down and not going straight down.

 

[Bob Sacamano]

I basically agree with all of this. The buy alerts came in from Chet when this was trading in the high 20 cent range. It’s his tip, he’s invested, we know he’s a sharp dude, I follow him blindly on this one. I differ from this statement in one way:

I just bought and held. I made one sale around $1.20 and rebought around 80 cents, this was a while ago. I feel I got lucky and decided I can’t sell to accumulate more and risk chasing higher. There were posters in here selling $3.50 last week, now what do they do? Sure, it can drop to $1.50, but it could also go to $5; avoiding those decisions will guarantee me the upside while I’m aware of the risks of $0. 

I think you're misunderstanding slightly. I'm not selling my initial to accumulate. I originally decided I was comfortable exposing $x total and not a $ more. I got to that point relatively quickly, and I've kept those shares the entire time. I haven't sold one of them.

That was going to be the height of my risk tolerance with this stock. But with the volatility in the stock and the run up it's had, I decided I was good taking on a little extra exposure periodically (with no intent to make that added exposure a long-term thing). So every time it has dipped substantially into the $2s, I've added an additional 2k shares above and beyond my initial.

So if I started with 20k shares at $20k (I didn't), I've left all of that untouchable. I then add anther 2k shares for $5k, wait and sell 1500 of those 2k shares for $5k and essentially add 500 shares with no basis. Just playing the volatility in addition to my initial buy-in.

 

[stbugs]

Why is that bad?  Doesnt dilute and uplist is good.

Usually, reverse splits indicate that the stock has been going way down and it’s a desperation attempt to stay listed. Reverse stock splits are bad news unless it’s a RH favorite. 

 

[BassNBrew]

100% is. I’m very big long term on tech names although still in other areas (Amazon’s a pretty big retailer and lots of healthcare/biotech/whatever). I’ve got index type funds in my 401ks, but my self managed is very much in the tech bucket, which is an extremely broad term. It’s beating the S&P by 46% YTD.

This can't go on forever????  Eventually the rest of the market will have to catch up of the techs will have to pull back????

 

[djmich]

Usually, reverse splits indicate that the stock has been going way down and it’s a desperation attempt to stay listed. Reverse stock splits are bad news unless it’s a RH favorite. 

Gotcha.  I believe it can also be good if the purpose is to get above thresholds that certain institutional investors have (for example can’t buy shares of below $10/shr)

if cydy reverse split tomorrow I wouldnt see it as bad.  If they went back down to .40 and reversed from there...yah desperation 

 

[stbugs]

This can't go on forever????  Eventually the rest of the market will have to catch up of the techs will have to pull back????

I’ve been scared for a while. I’d assume so, but it hasn’t happened. I was planning to hold on for years and I likely will through ups and downs. I still have a decent chunk of cash ready for a drop, but like LVGO, I just decided I couldn’t wait anymore and that’s up 25% now in a couple weeks. I’m very paranoid about the floor dropping out but I’ll be honest that I’d much rather have LVGO and FSLY for the next five years than BLMN, MGM, DFS and other non tech names that have been mentioned a lot in here.

 

[eaganwildcats]

How's my tanker gang holding up? Yeesh. 

 

[sporthenry]

Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  

I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 

 

[ghostguy123]

BLMN hasn't been this low in over a month.  Gotta be fear right?

 

[-OZ-]

Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  

Shutdowns or just really prolonged limited capacity. Either makes sense and dampens hype. 

My only problem today is I'm out of cash to buy.

 

[fantasycurse42]

I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising half more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 

Regardless of shutdowns (which I don't really anticipate more), I believe the market might be realizing consumers aren't going to be out and about until there is a vaccine or viable treatment (I'm looking at you Leronlimab). 

 

[stbugs]

I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising half more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 

My thoughts exactly and why I’ve avoided “value” like that. You are talking about companies that already run lean having little to no income for months depleting cash and adding debt. It’s not a good thing even if things return to normal. That’s a big hit. 

 

[sporthenry]

How's my tanker gang holding up? Yeesh. 

Eh, only 3-5%. Death by slow cuts. I'm trying to find out what 'Bunker Sire' means. I keep getting back to a tweet that doesn't explain it at all. But Tankers International keeps reposting it. 

 

[BassNBrew]

How's my tanker gang holding up? Yeesh. 

Going down with the ship.

 

[BassNBrew]

In and out of FMCI for a 7% gain today.  This and Opes have replaced Blmn and the trading stocks.

 

[FreeBaGeL]

Generally, dividend yielders and high growth potential should be in Roth accounts.  Stable companies would be better for regular brokerage.

CYDY can't buy us lambos if we have it in a Roth.

 

[FreeBaGeL]

Damn. I hate having cash settled account. Sold some of my index fund to buy more CYDY on Thursday but didn't settle in time.

I have good exposure to CYDY but I wanted to buy quite a bit more.  I added $10k to my account to buy an additional 10k shares back when it was at $1 but since it's OTC I had to wait for the cash to settle (normally would have instant buy ability).  CYDY gapped up from $1 to $3 while I was waiting for that cash to settle

 

[cosjobs]

BLMN hasn't been this low in over a month.  Gotta be fear right?

damn. my put expired Friday

 

[cosjobs]

CYDY can't buy us lambos if we have it in a Roth.

why not? (as long as your 59 1/2 and owned your Roth >5yrs)

 

[-OZ-]

CYDY can't buy us lambos if we have it in a Roth.

The 60 yo Oz can. (Future me called to say thanks, he also said CYDY was bought out, and COVID was just the start of crazy diseases)

 

[jvdesigns2002]

BLMN hasn't been this low in over a month.  Gotta be fear right?

I posted this on Friday.  The second paragraph of my post is all about bloomin.  There is also a link on there that shows a map of their locations. You can see how many there are in states where the covid numbers are rising rapidly. 

https://forums.footballguys.com/forum/topic/673466-stock-thread/?do=findComment&comment=22798876

 

[cosjobs]

The 60 yo Oz can.

 

[stbugs]

In and out of FMCI for a 7% gain today.  This and Opes have replaced Blmn and the trading stocks.

Try SHLL as well. Another SPAC that announced their deal on Friday. Unfortunately, didn’t know until yesterday and it is basically at where it opened this morning.

 

[BassNBrew]

Try SHLL as well. Another SPAC that announced their deal on Friday. Unfortunately, didn’t know until yesterday and it is basically at where it opened this morning.

I may look for a starter position if it drops back into the 16s.

 

[FreeBaGeL]

You can withdraw your principal tax free at any time 

Say you put in 5k a year for 15 years. You can take out 75k without penalty 

What kind of ####ty lambo are you buying for 75k?

 

[pecorino]

Already announced a couple of weeks ago.

It's not a huge dilution. I wouldn't lose sleep over it. BTW, did you notice that CYDY is up 10% each of two consecutive days?

 

[-OZ-]

What kind of ####ty lambo are you buying for 75k?

No kidding. 

https://www.cargurus.com/Cars/l-Used-Lamborghini-m34#listing=270962808

 

[pecorino]

CYDY can't buy us lambos if we have it in a Roth.

For us older gentlemen, oh yes it can. Although my plans are more like a Buick, some golf shoes and a custom set of clubs. And a boat.

 

[General Malaise]

C
Y
D
Y


!!!!!!!!!

 

[Judge Smails]

I'm cheering on my FBG brethren with CYDY.  Have not made it to the dance yet

 

[chet]

I'm cheering on my FBG brethren with CYDY.  Have not made it to the dance yet

Wondering if @Otis is still in.  

 

[Moonlight]

I don't like hearing this.

DEF 14A sec filing
June 22, 2020

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.

The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.

We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.

Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer

I think NP indicated they wouldn't issue the whole amount of the increase but a small portion. Does give some ammo to doubters though.

 

[FreeBaGeL]

Honestly I'd be down for an offering right now for the opportunity to buy on the dip.  15% share dilution isn't going to matter if this thing gets uplisted and puts out some good COVID news.

 

[chet]

I think NP indicated they wouldn't issue the whole amount of the increase but a small portion. Does give some ammo to doubters though.

My issue is that when they don't have a specific use of the new shares, many will get used for executive compensation.  NP just got a raise.

 

[General Malaise]

Wondering if @Otis is still in.  

Cav's gotta be up over a quarter million now, right?

 

[Bob Sacamano]

Wondering if @Otis is still in.  

TWSS

 

[chet]

Cav's gotta be up over a quarter million now, right?

Hopefully.