Stock Thread (13 Viewers)

[CR69]

Well I appreciate you linking the milkshake theory here but the milkshake theory is more a consequence of the USD being the reserve currency than saying the USD will remain the world reserve currency. He even acknowledged it towards the end. There could be a near-term short squeeze in the USD but that doesn't necessarily change things. 

The point about every central bank doing it is fair but it does seem the Fed's response is greater than the rest of the world. Not just by size obviously but on a % basis although I'd have to look into it more. But I think our response is the greater and obviously the QT side of things remains to be seen. The fact that everyone is doing it may reduce some of the pressures to switch. But I am of the belief a lot of the USD strength, as discussed by the milkshake theory, is the need for the USD by outsiders. What is the driver of that? I think it's all the borrowing in the USD. So I think as we get through this, there will be a lot less borrowing in the USD by foreign countries and countries. Now obviously, something needs to replace it and BTC acts too much like equity at the moment. 

The Roach article below is a different piece and touches on more fundamental economic activity. Roach also talks about our pull back from the rest of the world in terms of trade and protectionism possibly exacerbating things. Now of course, things could change in the fall but conversely, Johnson mentioned Trump made the US a more attractive place to invest which could also reverse. So you have puts and takes there. But my thesis is that we'll print our way out of this mess but folks will realize the pain associated with funding foreign debt in the US, wonder why they're helping the US print its way out when they're helpless and want to change things. That would be exacerbated if the Fed ever loses control. 

https://www.bloomberg.com/opinion/articles/2020-06-08/a-crash-in-the-dollar-is-coming

I too would be very curious to look at data showing the relationship of QE to GDP in response to SARS-CoV-2 but am struggling to find that info. The best I could come up with is linked below. 

I just don't feel the USD will be replaced as the reserve currency until a true global currency is created. What other option is there right now? Also, the Fed (and US government) have been banking on inflating our way out of this debt but if this really drags on our economy we may be headed for some deflation which makes our debt more attractive, right?

https://www.nber.org/papers/w27339

https://www.visualcapitalist.com/global-central-banks-policy-response-covid-19/

 

[cosjobs]

I can invest in companies I don't believe, but not if their stock price hasn't recovered to 2000 aught levels.

Had this conversation with Todem a month or two ago. Conclusion was that while you must be unemotional about stock selections, there are so many available that you can certainly exclude a few without hurting your trading potential. I refuse to buy Monsanto, ATT and Haliburton, but I did short Haliburton last week.

 

[sporthenry]

Alright bonus obscure stock. Let’s say you think covid is bad and likely to be around for awhile. It’s not a leap to say it may perhaps materially decrease life expectancy of those 70+. Now let’s say you have a company with 27.5% exposure to over 2.5 billion in potential life settlement policies with an average age of 85 years old and is trading around 50 million in market cap. Presentation here.

There is some nuance to the waterfall I don’t totally understand and they need to get a loan to pay back some of the initial investors, but generally think this thing is undervalued  — will be a very interesting Q2 result  

This is also a fairly morbid play so to each their own. 

This is interesting. I probably appreciate the financial engineering side of this too much that they essentially found a way to bet on folks dying. But how much work have you done on it? Lot of warrants outstanding. Have to figure out the actual market cap but what is the correct way to look at it? $2.6bn in life settlement policies offset by ~$1.1bn in premiums to pay? Obviously some upside if premium don't need to be paid but $1.5bn of value left over. ~$400mn in value at 28%. $40mn in debt implies some decent upside from there. 

 

[cosjobs]

But if their network sucks and their customer service sucks, how are they going to maintain market share against Verizon and T-Mobile?

A very cute spokewoman with huge knockers

 

[djmich]

HUGE story on cytokine storms on front page of CNN.

Leronlimab not mentioned, but may still help bring attention to the cause, and eventually CYDY. 

Have not had a chance to read in entirety yet.

How is it even possible at this stage that there is widespread thinking and publishing of materials that support the cytokine storm angle...and the pharmaceutical company with a safe solution that has proven promising and is close to statistically significant testing results...is not mentioned.

Just reinforces the insane puzzle of this company.  We're all either witnessing the most incredible under the radar discovery in our lifetimes...or this thing is a fraud/bust and its just not apparent to us yet.

WTF...

 

[cosjobs]

I never had a problem with Verizon's customer service or heard of it being anywhere near the levels of AT&T, Comcast, etc. But might be something for me to look into. 

As far as T-Mobile, last I checked with the Sprint merger they have the most spectrum of any carrier and a huge chunk of the coveted 600 mHz spectrum that has the best building penetration. With the recent sale of shares I believe they are actually best positioned for the long run (assuming they continue to build the network out) though they're not currently paying a dividend. 

https://www.fiercewireless.com/wireless/25-charts-spectrum-ownership-united-states

Some investors avoid any dividend paying stock. I don't necessarily agree, but its a valid point.

 

[cosjobs]

Well I appreciate you linking the milkshake theory here but the milkshake theory is more a consequence of the USD being the reserve currency than saying the USD will remain the world reserve currency. He even acknowledged it towards the end. There could be a near-term short squeeze in the USD but that doesn't necessarily change things. 

The point about every central bank doing it is fair but it does seem the Fed's response is greater than the rest of the world. Not just by size obviously but on a % basis although I'd have to look into it more. But I think our response is the greater and obviously the QT side of things remains to be seen. The fact that everyone is doing it may reduce some of the pressures to switch. But I am of the belief a lot of the USD strength, as discussed by the milkshake theory, is the need for the USD by outsiders. What is the driver of that? I think it's all the borrowing in the USD. So I think as we get through this, there will be a lot less borrowing in the USD by foreign countries and countries. Now obviously, something needs to replace it and BTC acts too much like equity at the moment. 

The Roach article below is a different piece and touches on more fundamental economic activity. Roach also talks about our pull back from the rest of the world in terms of trade and protectionism possibly exacerbating things. Now of course, things could change in the fall but conversely, Johnson mentioned Trump made the US a more attractive place to invest which could also reverse. So you have puts and takes there. But my thesis is that we'll print our way out of this mess but folks will realize the pain associated with funding foreign debt in the US, wonder why they're helping the US print its way out when they're helpless and want to change things. That would be exacerbated if the Fed ever loses control. 

https://www.bloomberg.com/opinion/articles/2020-06-08/a-crash-in-the-dollar-is-coming

Because of fears along these lines, I keep a lot of precious metals, both physical and shares representing physical (CEF SVR, altho I accidentally sold SVR at wrong time and future purchases would be a Wash sale, so I need a replacement), I also have a larger portion of international stocks untethered to USD (KSFT, BABA). Probably a little heavy in RE, but not much (30% of total val). 

Any other thoughts or suggestions on reducing impact of falling dollar or rampant inflation?

 

[cosjobs]

When, not if, IMO. Eventually, the world will get sick of the US printing our way out of everything; could take 20 years, could take 70. US losing world reserve currency status at some juncture within the next 20-70 years (I said “many” decades)  

I will certainly be dead in that range, so unsure I need to factor it in my retirement

 

[sporthenry]

I never had a problem with Verizon's customer service or heard of it being anywhere near the levels of AT&T, Comcast, etc. But might be something for me to look into. 

As far as T-Mobile, last I checked with the Sprint merger they have the most spectrum of any carrier and a huge chunk of the coveted 600 mHz spectrum that has the best building penetration. With the recent sale of shares I believe they are actually best positioned for the long run (assuming they continue to build the network out) though they're not currently paying a dividend. 

https://www.fiercewireless.com/wireless/25-charts-spectrum-ownership-united-states

I just have a hard time betting against VZ when it comes to network stuff. Know they've been going after different bands than TMUS. Either way, it does make it easy to bet against AT&T. I don't like the synergies between CNN and owning a wireless business. Their 7% dividend yield isn't sustainable so market thinks decent chance of divvy cut. Obviously some upside if that doesn't happen. In the near-term, assuming they defend the dividend, could outperform. But long-term, their balance sheet will likely hurt it in 5G buildout. Somewhat similar to TMUS. They just don't have the balance sheet flexibility that VZ does. Legere leaving was a bit of a head-scratcher. I trust Hans a bit more than Sievert even though the former got pushed out of Ericcson.

 

[The Ref]

When, not if, IMO. Eventually, the world will get sick of the US printing our way out of everything; could take 20 years, could take 70. This is a pretty simple concept.

It’s utterly shocking to me that something this basic can escape anyone. Do they think the notion of the US losing world reserve currency status at some juncture within the next 20-70 years (I said “many” decades) is that crazy? Yes, the world will fund Americans to live like #######s forever.

And who exactly is going to get mad at us for printing dollars?

the EU?

the UK?

the Saudis?

India?

The Japanese?

they all printing worse than we are and if we stop printing, more so for liquidity sake than fiscal, we would take down the entire world.
 

The only two countries of consequence who don’t want us to print, and both could be argued the oposite are Russia and China.

 

[CR69]

Some investors avoid any dividend paying stock. I don't necessarily agree, but its a valid point.

For growth companies I 100% agree because they should be reinvesting to grow the business but for companies like C, KO and VZ that have such a huge market share and there is only so much growth potential or companies to buy, what else are they going to do with profits? Am I wrong in this line of thinking?

 

[CR69]

I just have a hard time betting against VZ when it comes to network stuff. Know they've been going after different bands than TMUS. Either way, it does make it easy to bet against AT&T. I don't like the synergies between CNN and owning a wireless business. Their 7% dividend yield isn't sustainable so market thinks decent chance of divvy cut. Obviously some upside if that doesn't happen. In the near-term, assuming they defend the dividend, could outperform. But long-term, their balance sheet will likely hurt it in 5G buildout. Somewhat similar to TMUS. They just don't have the balance sheet flexibility that VZ does. Legere leaving was a bit of a head-scratcher. I trust Hans a bit more than Sievert even though the former got pushed out of Ericcson.

100% agree with this. Was more trying to say VZ over T but if you're looking for growth in the industry, I think TMUS is the play. 

 

[fantasycurse42]

And who exactly is going to get mad at us for printing dollars?

the EU?

the UK?

the Saudis?

India?

The Japanese?

they all printing worse than we are and if we stop printing, more so for liquidity sake than fiscal, we would take down the entire world.
 

The only two countries of consequence who don’t want us to print, and both could be argued the oposite are Russia and China.

Why can’t Japan and Europe collaborate on something, the Yero?

Who knows? Regardless, my feelings about Covid and the USD kinda echo one and another, although the USD will be a much longer horizon; we’re arrogant, stupid, and unprepared... said that as early as Jan discussing CV19. In the year 2050, we won’t have the biggest GDP, not even close. So why is the world going to rely on the USD FOREVER when we can’t even get our #### together for a Pandemic? We’ve turned into a joke & we need to get it together quickly!

 

[cosjobs]

For growth companies I 100% agree because they should be reinvesting to grow the business but for companies like C, KO and VZ that have such a huge market share and there is only so much growth potential or companies to buy, what else are they going to do with profits? Am I wrong in this line of thinking?

I don't know. Is ordering a pizza with pineapple on it wrong?

 

[cosjobs]

I've been doing fairly well with KSFT (Kingsoft) a Chinese company that does gaming, cloud and other stuff. Just recently able to buy through US exchanges and I've accumulated a mid-sized position. Going up but not a whole lot. For me its more of a LT Hold and diversification in international stocks. Fidelity charges $50 per trade for it, but TD only $6-7. 

I think its worth owning or at least looking into. Interested in the thoughts of others

 

[CR69]

I don't know. Is ordering a pizza with pineapple on it wrong?

Not if it has jalapeños on it. 

I just wanted to make sure I wasn't missing something. Seems like we have similar approaches and risk tolerances so I was genuinely asking your opinion. 

 

[cosjobs]

This may be blasphemous but has anyone looked into $HGEN? It also looks like it reduces cytokine. I only found out about it when looking for CYDY on Twitter, lot of folks hoping it pops like CYDY. So may just be a slightly cheaper way to play it. Stock has run up from $1 to $3 but still cheaper than CYDY at $7. Just kidding, I know it doesn't work that way but HGEN's market cap is $700mn compared to CYDY at $3.6bn. I would assume HGEN doesn't have the other use cases? But I may just diversify a bit my cost basis is a bit too high in CYDY. 

Any chance they get  Martin Shkreli back to head them up when he gets out of jail. He's quite the stigmata on any company past or present. Still interesting, tho

 

[sporthenry]

Because of fears along these lines, I keep a lot of precious metals, both physical and shares representing physical (CEF SVR, altho I accidentally sold SVR at wrong time and future purchases would be a Wash sale, so I need a replacement), I also have a larger portion of international stocks untethered to USD (KSFT, BABA). Probably a little heavy in RE, but not much (30% of total val). 

Any other thoughts or suggestions on reducing impact of falling dollar or rampant inflation?

I mean that seems pretty diversified. Crypto I'm still on the fence about. XRP seems interesting but even then, it's more a store of wealth than investments like buying any other 'currency.' I think the EM type stocks, particularly of a company who is domestically focused in a country that is handling the virus and subsequent monetary response better would be interesting. But trying to find them. China's economy should bounce back faster given its industrial focus. KOSPI is only down less than 5% from YTD highs. Suppose you could justify with the money flowing in the system, they can get to ATHs faster than the US. 

But if anyone has a country favorite, I'd love to hear it. 

 

[cosjobs]

Not if it has jalapeños on it. 

I just wanted to make sure I wasn't missing something. Seems like we have similar approaches and risk tolerances so I was genuinely asking your opinion. 

Yeah, I was just repeating something I used to hear a lot, I think it was back in the tech bubble but unsure. As I stated, I think its a valid point, but not a black/white deal. The post saying no for new, growing companies, yes for established, profitable low growth makes a lot of sense.

 

[cosjobs]

I mean that seems pretty diversified. Crypto I'm still on the fence about. XRP seems interesting but even then, it's more a store of wealth than investments like buying any other 'currency.' I think the EM type stocks, particularly of a company who is domestically focused in a country that is handling the virus and subsequent monetary response better would be interesting. But trying to find them. China's economy should bounce back faster given its industrial focus. KOSPI is only down less than 5% from YTD highs. Suppose you could justify with the money flowing in the system, they can get to ATHs faster than the US. 

But if anyone has a country favorite, I'd love to hear it. 

I'm too old to risk crypto plays. Maybe too old for China.

 

[SFBayDuck]

I’ve never had a problem with AT&T’s network and their customer service is adequate. I was going to switch to Verizon but I’ve heard their customer service is terrible now, the switch was solely because both my kids could use new phones and I was going to see if Verizon would buy me out of what I still owed on their phones. 
 

t mobile in the San Fran north bay has awful network service, whenever my family visits they always seem to be having dropped service.

Verizon has several dead spots here in Novato, fwiw. How is AT&T here?

 

[eaganwildcats]

This is interesting. I probably appreciate the financial engineering side of this too much that they essentially found a way to bet on folks dying. But how much work have you done on it? Lot of warrants outstanding. Have to figure out the actual market cap but what is the correct way to look at it? $2.6bn in life settlement policies offset by ~$1.1bn in premiums to pay? Obviously some upside if premium don't need to be paid but $1.5bn of value left over. ~$400mn in value at 28%. $40mn in debt implies some decent upside from there. 

My due diligence is notoriously light. Read this (especially the comments) for perhaps more insight. Based on my understanding they aren’t on the hook for the premiums. Risk I suppose is leronlimab cures aging and these people live to 100 but luckily we’ve hedged that risk a bit. 

 

[sporthenry]

I'm too old to risk crypto plays. Maybe too old for China.

Fair. I don't think XRP is as risky as BTC. Less upside as well. But like gold isn't going to double, XRP could have some upside. 

 

[CR69]

I mean that seems pretty diversified. Crypto I'm still on the fence about. XRP seems interesting but even then, it's more a store of wealth than investments like buying any other 'currency.' I think the EM type stocks, particularly of a company who is domestically focused in a country that is handling the virus and subsequent monetary response better would be interesting. But trying to find them. China's economy should bounce back faster given its industrial focus. KOSPI is only down less than 5% from YTD highs. Suppose you could justify with the money flowing in the system, they can get to ATHs faster than the US. 

But if anyone has a country favorite, I'd love to hear it. 

I've got a basket of various coins (BTC, ETH, LC, XRP, XMR, etc) that I've pretty much just held on to for years now. Got into crypto about 7 years ago so it's up quite a bit since then lol. Even after the drop two years ago. I mostly just consider it a lotto ticket at this point. If it ever actually reaches mass adoption then I'm ####### rich, but if not it was only a few thousand back in the day. 

 

[BassNBrew]

Why can’t Japan and Europe collaborate on something, the Yero?

Who knows? Regardless, my feelings about Covid and the USD kinda echo one and another, although the USD will be a much longer horizon; we’re arrogant, stupid, and unprepared... said that as early as Jan discussing CV19. In the year 2050, we won’t have the biggest GDP, not even close. So why is the world going to rely on the USD FOREVER when we can’t even get our #### together for a Pandemic? We’ve turned into a joke & we need to get it together quickly!

Maybe because Europe’s collaboration is failing is why Japan isn’t interested 

 

[CGRdrJoe]

Verizon has several dead spots here in Novato, fwiw. How is AT&T here?

 All solid minus by the Hamilton pool

 

[cosjobs]

Verizon has several dead spots here in Novato, fwiw. How is AT&T here?

Next time you guys drive by A Rafinelli's, grab me a case of zin

 

[BassNBrew]

Great stock talk this morning gents. Good to read different perspectives 

 

[sporthenry]

My due diligence is notoriously light. Read this (especially the comments) for perhaps more insight. Based on my understanding they aren’t on the hook for the premiums. Risk I suppose is leronlimab cures aging and these people live to 100 but luckily we’ve hedged that risk a bit. 

"Despite a US life expectancy of 78.6 years, Emergent somehow found 576 individuals that are so healthy that it’s statistically impossible for this cohort to exist."

I'm probably in but will have to look more into the warrants and what not. But on the surface, looks fun, albeit more ####ed up than my investment in SCI. 

 

[SFBayDuck]

 All solid minus by the Hamilton pool

Well I just saw that’s closed for the year, so you’re good. 

 

[sporthenry]

My due diligence is notoriously light. Read this (especially the comments) for perhaps more insight. Based on my understanding they aren’t on the hook for the premiums. Risk I suppose is leronlimab cures aging and these people live to 100 but luckily we’ve hedged that risk a bit. 

Wait, kuppy is involved? Are you kuppy? Or is that how you found out about it?

 

[eaganwildcats]

Wait, kuppy is involved? Are you kuppy? Or is that how you found out about it?

Hahahaha no my brother clued me in to him, but indeed it’s a kuppy special.

I’m not worried about the warrants - I just still can’t understand the waterfall. 

 

[The Ref]

Why can’t Japan and Europe collaborate on something, the Yero?

Who knows? Regardless, my feelings about Covid and the USD kinda echo one and another, although the USD will be a much longer horizon; we’re arrogant, stupid, and unprepared... said that as early as Jan discussing CV19. In the year 2050, we won’t have the biggest GDP, not even close. So why is the world going to rely on the USD FOREVER when we can’t even get our #### together for a Pandemic? We’ve turned into a joke & we need to get it together quickly!

Two places printing money as fast as we are with even worse/loose monetary policy in terms of negative interest rates than the US at the moment are going to break free of the USD?
 

i can’t speak for 2050 and I’m not saying what we have going is substainable - but let’s hold off on the world turning their collective backs on us at the moment.  

 

[sporthenry]

Hahahaha no my brother clued me in to him, but indeed it’s a kuppy special.

I’m not worried about the warrants - I just still can’t understand the waterfall. 

Well I'm more trying to find out what the market cap actually is. It's clearly more than the $50 million or so google finance reports. Digging more into the waterfall but what is confusing you?
It seems like one of those compounding investments in terms of if things go well, it goes really well and the equity will rise a ton. The faster the policies expire (aka people die), the faster they get money, the less premiums they pay going forward and the faster they achieve the 11% return and get money to equity holders. 

 

[JerseyToughGuys]

And who exactly is going to get mad at us for printing dollars?

the EU?

the UK?

the Saudis?

India?

The Japanese?

they all printing worse than we are and if we stop printing, more so for liquidity sake than fiscal, we would take down the entire world.
 

The only two countries of consequence who don’t want us to print, and both could be argued the oposite are Russia and China.

USD is the world reserve currency because of the Petrodollar system. 

All it would take is for the Saudis to demand another hard(er) form of currency — gold or a digital equivalent like BTC or a “stablecoin” — for the petrodollar system to collapse.

There’s certainly a non-zero chance of that happening somewhere down the road. And it’s not like our fiat experiment has some rich history. Bretton Woods is only 75 years old. We’ve been off the gold standard and 100 percent fiat for only 50 years.

 

[Bob Sacamano]

Next time you guys drive by A Rafinelli's, grab me a case of zin

They'll reopen orders for the holidays right before Thanksgiving. Can't remember what the max is on Zin, but I think a case or two. I could prob shoot some over to you if you're really interested. 

 

[rascal]

USD is the world reserve currency because of the Petrodollar system. 

All it would take is for the Saudis to demand another hard(er) form of currency — gold or a digital equivalent like BTC or a “stablecoin” — for the petrodollar system to collapse.

There’s certainly a non-zero chance of that happening somewhere down the road. And it’s not like our fiat experiment has some rich history. Bretton Woods is only 75 years old. We’ve been off the gold standard and 100 percent fiat for only 50 years.

I've always wondered if one of the main hidden reasons why renewables is hard for us to implement here in the US is that doing so would degrade/eliminate the petrodollar system.

 

[CR69]

I've always wondered if one of the main hidden reasons why renewables is hard for us to implement here in the US is that doing so would degrade/eliminate the petrodollar system.

 

[cosjobs]

They'll reopen orders for the holidays right before Thanksgiving. Can't remember what the max is on Zin, but I think a case or two. I could prob shoot some over to you if you're really interested. 

absolutely. Can only get it in re$taurant$ here. One of the first premium wines I got in to. Must have been 25 years ago when I was in Brisbane

 

[Bob Sacamano]

absolutely. Can only get it in re$taurant$ here. One of the first premium wines I got in to. Must have been 25 years ago when I was in Brisbane

I'll try to remember. If we get to thanksgiving week and you haven't heard from me, shoot me a message. 

 

[cosjobs]

I'll try to remember. If we get to thanksgiving week and you haven't heard from me, shoot me a message. 

Appreciate it. Something I'd love to have, but probably not even remember if it doesn't happen.

 

[cosjobs]

Leronlimab: CytoDyn Inc (OTCMKTS:CYDY) The Bull Has Awoken

BY BOE RIMES ON JUNE 25, 2020MEDIA & TECHNOLOGY, MICRO CAP INSIDER, SMALL CAPS

CytoDyn Inc (OTCMKTS:CYDY) has seen a spectacular rise in recent trading rocketing up over $6 per share. Microcapdaily has been reporting on CytoDyn since the stock was trading for pennies which was not that long ago. CYDY commands the number 1 spot for most traded small cap stock every day and regularly tops $100 million in daily trading volume. For years longs hailed Leronlimab as a possible wonder drug but the stock price went nowhere until coronavirus came along, then CYDY took off. Leronlimab has demonstrated significant potential to attack a number of diseases including cancer, HIV and now coronavirus (COVID-19).

Investors are choosing CYDY as coronavirus continues its deadly march forward infecting 10 million people as of this writing and growing fast. There is no known cure for covid-19 but several treatments have emerged and CytoDyn’s wunderdrug Leronlimab is near the top of the pack with highly positive results coming back.

CytoDyn Inc (OTCMKTS:CYDY) is an emerging biotech developing innovative treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Leronlimab has been hailed as a possible wonder drug and has demonstrated significant potential to attack a number of diseases including cancer, HIV and now coronavirus (COVID-19).

CytoDyn has successfully completed a Phase 3 pivotal trial with leronlimab in combination with standard antiretroviral therapies in HIV-infected treatment-experienced patients. CytoDyn filed its BLA in April 2020 to seek FDA approval for leronlimab as a combination therapy for highly treatment experienced HIV patients, and submitted additional FDA requested clinical datasets on May 11, 2020. CytoDyn is also conducting a Phase 3 investigative trial with leronlimab as a once-weekly monotherapy for HIV-infected patients. CytoDyn plans to initiate a registration-directed study of leronlimab monotherapy indication. If successful, it could support a label extension. Clinical results to date from multiple trials have shown that leronlimab can significantly reduce viral burden in people infected with HIV. No drug-related serious site injection reactions reported in about 800 patients treated with leronlimab and no drug-related SAEs reported in patients treated with 700 mg dose of leronlimab. Moreover, a Phase 2b clinical trial demonstrated that leronlimab monotherapy can prevent viral escape in HIV-infected patients; some patients on leronlimab monotherapy have remained virally suppressed for more than five years. CytoDyn is also conducting a Phase 2 trial to evaluate leronlimab for the prevention of GvHD and a Phase 1b/2 clinical trial with leronlimab in metastatic triple-negative breast cancer.

MicroCapDaily has been reporting on CYtoDyn since February 1 when we reported: “CytoDyn Inc (OTCMKTS:CYDY) has seen a spectacular rise in recent months from a starting point of $0.25 back in mid December to recent highs over $1.50 per share. During this time CYDY has transformed from thinly traded to one of the top most traded stocks on the entire small caps regularly topping $5 million per day in dollar volume.

Leronlimab is getting a lot of attention on  #twitter and people are excited:

On june 11 CYDY announced the Company has met its 75 patient enrollment for its Phase 2 clinical trial entitled “Study to Evaluate the Efficacy and Safety of Leronlimab for Mild to Moderate COVID-19.” This Phase 2 trial evaluates clinical improvement of several symptoms over a 14-day period, including changes in multiple clinical baseline metrics after days 3, 7 and 14. The Company expects the evaluation clinical patient data to be available two weeks after the last patient is enrolled. Because there are more patients who have been screened for enrollment, final enrollment is expected to exceed 75.

CEO Nader Pourhassan, Ph.D commented, “Based upon our understanding of clinical outcomes from severe and critically ill COVID-19 patients, we are guardedly optimistic about the potential results from the mild-to-moderate patients. Furthermore, CytoDyn will do an interim analysis of patient data in the Phase 3 trial for severe and critically ill COVID-19 patients and we hope to have these important results in 2 to 3 weeks.”

CYDY is making that run up the charts longs were dreaming about when the stock was trading for $0.25 and this was not long ago. CYDY commands the number 1 spot for most traded small cap stock every day and regularly tops $100 million in daily trading volume. The Company is among the first biotechs to have a drug that ccould be effective in the global fight against coronavirus COVID-19 world epidemic. leronlimab which has been hailed as a possible wonder drug has been found to have significant potential to attack a host of diseases including cancer, HIV and now coronavirus COVID-19. On June 11 in a cc as well as a press release CydtoDyn said they have filled out the enrollment of the goal of 75 patients in their double blind study of mild-to-moderate cases of their coronavirus trial, and that final enrollment may be as high as 85 or more. Results will come in July. As Thomas Barnard on SA stated “If the results are better than remdesivir or dexamethasone, pressure will be intense to approve it for sale. Moreover, the FDA gave Cytodyn the advice to end its EIND/compassionate use and focus on enrolling patients in its double blind studies, which seems to put an additional burden on the FDA themselves.” The Leronlimab story is starting to get picked up by the national media which could spell doom for the significant short position that has built up in CYDY over the past few months. while there are dozens of big board biotechs looking for a coronavirus treatmen, Leronlimab and CytoDyn keep popping up mainstream press and on TV. 

Disclosure: we hold no position in CYDY either long or short and we have not been compensated for this article.

 

[ghostguy123]

Go CYDY go.  I am a total fool for only having 1000 shares.

Anyway, I think a bunch of the destination stocks could easily tank again.  Think DIS, MGM, LYV........also cruises and a bunch of others.

Question is, which ones do we expect to fall hard, and of those which have basically zero bankruptcy risk (think Disney for example)?

 

[ConstruxBoy]

Had this conversation with Todem a month or two ago. Conclusion was that while you must be unemotional about stock selections, there are so many available that you can certainly exclude a few without hurting your trading potential. I refuse to buy Monsanto, ATT and Haliburton, but I did short Haliburton last week.

I was looking at Bayer recently as undervalued before remembering “ oooooo, Monsanto “

 

[cosjobs]

Go CYDY go.  I am a total fool for only having 1000 shares.

Anyway, I think a bunch of the destination stocks could easily tank again.  Think DIS, MGM, LYV........also cruises and a bunch of others.

Question is, which ones do we expect to fall hard, and of those which have basically zero bankruptcy risk (think Disney for example)?

You have identified stocks in a big pile of #### and you're trying to find the least ####ty one. Just go look in another pile of less ####ty stocks.

 

[ghostguy123]

You have identified stocks in a big pile of #### and you're trying to find the least ####ty one. Just go look in another pile of less ####ty stocks.

I haven't identified anything, that's why I am asking.  

I didn't think DIS was ####ty though, at least not if it falls to mid March levels

 

[fantasycurse42]

Two places printing money as fast as we are with even worse/loose monetary policy in terms of negative interest rates than the US at the moment are going to break free of the USD?
 

i can’t speak for 2050 and I’m not saying what we have going is substainable - but let’s hold off on the world turning their collective backs on us at the moment.  

I didn't say at the moment, nor do I feel this is in the immediate future... BUT, it will happen at some point, very very possibly in my lifetime; I think it is almost a given. The YERO was just some pie in the sky who knows what idea, but when this does happen, it will be a systemic risk to the USA that will take decades to recover from. 

 

[SFBayDuck]

Appreciate it. Something I'd love to have, but probably not even remember if it doesn't happen.

Don’t think I’ve been there, but we’re members of a couple others in that area so will definitely check it out. 

 

[CGRdrJoe]

@cosjobs https://arafanelliwinery.com this place? 

 

[cosjobs]

@cosjobs https://arafanelliwinery.com this place? 

Yep. I loved it when you were in junior high