FreeBaGeL
Footballguy
I held through it as well, now wish I had bought more down there. I was tempted but I didn't really see a reasonable out on the Tik Tok ordeal. I thought ORCL had very little chance of winning that bid. Whoops.
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Stock Thread (15 Viewers)
- Thread starter St. Louis Bob
- Start date
FreeBaGeL
Footballguy
kevzilla
Footballguy
No path to profitability for two more years, according to the showrunner. He's a smart guy, but you can probably have $11 a year from now.
Don Hutson
Footballguy
I just did some research on RVVTF. The phase 3 trial of their drug Bucillamine is just starting to enroll. They believe that it'll enroll quickly but it's hard to know if that is true or not. If it does enroll super quickly, the earliest that results could be released would likely be February. If it doesn't enroll quickly, then who knows. It is a drug that is taken within the first 72 hours of the onset of Covid symptoms. So it is in direct competition with Regeneron's and Lilly's monoclonal antibodies. Since Regeneron's and Lilly's treatments are showing efficacy, that isn't good. Although, I'm not sure if Bucillamine could be taken simultaneously with the mabs. It is a pill that is taken 3 times a day for 14 days. That is good since it could be done on an outpatient basis. That is especially important when hospitals get slammed. RVVTF's market cap is only $30 million dollars and it trades in very low volume. On average, about $1.5 million shares are traded each day. At about 20 cents per share, that is about $300,000 worth of stock traded each day. So be careful with market orders. Its small market cap does make it intriguing since good news could send the stock price skyrocketing. But good news doesn't look to be very close.
Revive Therapeutics is also involved in psychedelic mushroom therapies and cannabis therapies. They are working with UW-Madison to develop psilocybin-laced oral thin films. Basically, breath mint strips with either micro or macro levels of psilocybin. It's actually pretty interesting and many states are on the path to legalizing psilocybin for treatment purposes and maybe even recreational purposes. Here is a interview with one of the researchers from UW-Madison: https://www.youtube.com/watch?v=aA6sJACvmPA&feature=emb_logo
I won't be investing in RVVTF, yet. But I'm going to keep my eye on it.
Nice. Looks like I’ll be hanging onto it for a while. I bought two different times so my cost basis is $17 and change at 417 shares. It’s in my top 4 gainers and here’s to hoping it keeps ascending.
I’m going to hold for a bit. Want to see some quarterly reports (why I plan to hold FMCI for a while). I’m using the SPACs as money market accounts unless the merger announced turns into something I want to hold. It’s also a diversification into something I don’t have.
Also, I do think it’s excitement as well. People are hoping for an AirBNB or a Nikola (maybe not anymore). GHIV is merging with UWMC, a competitor to Rocket, but not real exciting. @Chadstroma is in the mortgage broker business and he loves UWMC and loathes Rocket, but the name is huge right now until the actual finances start rolling in.
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Desert_Power
Footballguy
Biden would certainly be a negative for oil companies in terms of regulation, without even getting into any potential tax or cap-and-trade scheme. I do think the changing of political guard could impact the calculus of OPEC+ though. I tend to think the Russia/SA war on shale oil has been successful and they won't need to keep prices so low.
beef
Footballguy
Good points. Others too. Thanks.
I'll be holding IPOC for a while too I think. When it comes to healthcare insurance companies, the "Medicare Advantage" sections is only part that interests me. Seems likely to grow a lot in the future, just not sure how long into the future.
skycriesmary
Climbing up the Walls
Are we more or less looking at the floor for GHIV? Isn't the buyback (if the merger doesn't take place) of this about $10? I'm thinking about throwing a few bones into this.
beef
Footballguy
Added a whoppin' 6 shares of DPHCU at 23.50.
It's in my Roth and all I had available.
CR69
Footballguy
Based on the “offers” I still get on FMCI and OPES to buy me out around $10, I suspect it is basically the floor. I think I’m part due to NKLA, SPACs haven’t been running as well the past few weeks. They still pop like IPOB if the announcement is a known entity, but they are still down from highs and some with deals are barely up at all like GHIV and IPOC.
Based on @Chadstroma’s rec since he’s in the industry, GHIV seem like a solid buy with a solid floor. Upside is an unknown until they release some earnings reports. That was what has kept FMCI above $20 (same $10 start), because they’ve reported revenue/earnings above forecast. I like them a lot. Their market cap is around 2x 2021 sales which is very low for a company growing at 70% per the report last night. I compared them to Snowflake who’s growing at a faster rate but price to sales was around 100x.
Grabbed some of the U at $24.86Added a whoppin' 6 shares of DPHCU at 23.50.
eaganwildcats
Footballguy
I might end up losing my money and being sad, but following Twitter for this has been great entertainment.
Al Czervik
Not wearing pants
I hope the new CEO Farley helps get them going in the right direction. My wife works for Ford and in her opinion the previous guy (Hackett) was the worst CEO they have had in her 30 years there (which includes the Jac Nasser years).
CR69
Footballguy
Al Czervik
Not wearing pants
On the SPAC front, is anyone in Flying Eagle Acquisition Corp (FEAC)? Apparently this is run by the same guys from Diamond Eagle Acquisition which became DKNG. FEAC is set to merge with Skillz (mobile gaming company) to take them public. Don't know much about FEAC or Skillz, but from what I have read it sounds interesting.
Seriously though, there is no single answer. Is it a taxable account or an IRA? How long did you hold it before you sold? What’s your top income tax rate/AGI? Did you buy and sell the same stock close to the same times? Was the profit a dividend? Lots of variables.
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wazoo11
Footballguy
It’s a taxable account- I sold a share of Starbucks at a 10.00 profit last month.
my agi is like 15-20K, hooray grad life.
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Then your capital gains tax is 0% if you hold it a year or longer before selling or 10% (lowest bracket) for under a year. There’s also a 3.8% extra tax that you don’t qualify to get.
I’m good at 300, whether or not I reduce cost by pennies isn’t enough to get more. Still have some other things to keep an eye on.
That said, freaking fabulous day. Up 3.5% overall today, not sure how long this can keep running.
FreeBaGeL
Footballguy
FreeBaGeL
Footballguy
Yeah best day in a while. It's a crazy day when both my primary holdings and the stock that shall not be named are up bigly on the same day. They usually run kind of inverse of each other.
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Congrats. I'm holding to much cash to score that big.
Sold the Amazon I bought yesterday at around $3105 at $3199.99. Almost got the high number on the day. Amazon is currently over 30% of my stock holdingss so I need to pare it down. My DCA is $3050 after selling all I had before at $3000 and $3200 prior to last earnings plus some day trading profits. I think I'll sell a share every $100 up and buy one any time it drops significantly.
ConstruxBoy
Kate's Daddy
Thanks, funny thing is that I had an almost identical gain last week or the week before. Been a real nice roll the past few weeks.
I have a lot of Amazon as well but no plans to reduce. I do have a big chunk hitting 1 year in November and December. Taxes are big so not selling no matter what before then and still probably not selling. I’ve got enough taxable account cash to cover living and college expenses through 2022 so selling has to make great tax sense/better opportunities.
I got out of that completely but that was a fun stock because it seemed to carry me (I had way too much) on those not great market days.
Chadstroma
Footballguy
No one knows UWM name because they don't do retail lending, only wholesale. Hell, even Mortgage Loan Officers working for banks and direct lenders don't know the name sometimes. Many people around the industry don't know the name. I am sure it would be rare for a realtor to know UWM. In fact, I am doing my own refi right now, through UWM, and mentioned it to the appraiser as we talked and he never heard of it. It just isn't a name brand. However...
It IS the fastest growing Mortgage lender on the country.
It IS the largest wholesaler in the country.
It IS the second largest mortgage lender on the country.
It IS the favorite/preferred lender of most mortgage brokers whose market share of mortgage lending has been growing exponentially.
It IS lead by one of the most admired leaders in mortgage lending (Mat Ishbia). They set trends and the market (retail and wholesale) follow.
McBokonon
Footballguy
A very un-IBM style pop this morning after they raised guidance but probably most importantly, they’re spinning off their managed infrastructure unit so they can focus on hybrid cloud. They seem to be making the right decisions under this new CEO.
Good short time bet, but they’ve been a terrible stock to own. Ignoring dividend, the stock price even with the pop is still $4 less than where it was 5 years ago. That’s awful. Big tech stocks like Microsoft, Apple and Amazon are up 4-5x in the same period.
Geez, just looked again and IBM right now is basically where it was in 1999 after the dot com run up. It’s been a money market account (dividends) during one of the best bull runs for 21 years. Even with the crashes in 2000 and 2008, the market is up 2.5x without dividends.
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McBokonon
Footballguy
There’s no way I would have been patient enough to hold all those years, but there were real signs that they were getting focused on growth and this new CEO seems to get it. That’s why I finally bought in September.
I sold my BZQ bought on Monday for a 3% profit and moved it to TZA just now.If I had any guts I would double down on TZA now. I do not.
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kevzilla
Footballguy
My real problem is that I bought a "full" position in TZA. If I had bought a half position the other day, I would be lowering my cost basis a lot this morning. Arrogance is not my friend.
I have a half position in UVXY, but it's not down enough to justify doubling down, yet.
I have a half position in UVXY, but it's not down enough to justify doubling down, yet.
Is TZA one you play for short term and if you see a nice little pop you generally get out?
I’m nervous but then again, I’m optimistic. I feel like the smart thing would be to lock in my gains over 2020, but then again I remember people posting in here the past couple months about pulling out and now they just missed a nice 10-20% bump. I’m so close to a mid point in the next big milestone and I’m up 77% YTD in my trading accounts which make up most of my investments. S&P’s up 6.5% YTD. Just feels like I might want to just lock in the gains and wait for a pull back, but the whole can’t time the market thing gets me. Too many stocks I own make huge jumps up and down in one day.
beef
Footballguy
Been there before. Then I make that Full position, a Full-er position...
I bailed on TZA the next morning premarket after the take back comments and ate a few %. Just can't pull myself to get back in either as I don't trust betting against the markets right now being only weeks away from E-day.
kevzilla
Footballguy
Yes. At the most, I would hold these maybe a couple of days past the election.
Yesterday and today, I've been bailed out by CYDY. Not likely to be durable.
