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Stock Thread (21 Viewers)

"institutions coming in now"

:lmao:

It is resilient, I'll give it that... Thought that would be the road back to 20 cents.

 
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General Malaise said:
Could I interest you in physical cobalt?
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Health effects that are a result of the uptake of high concentrations of cobalt are:

- Vomiting and nausea
- Vision problems
- Heart problems
- Thyroid damage

Health effects may also be caused by radiation of radioactive cobalt isotopes. This can cause sterility, hair loss, vomiting, bleeding, diarrhea, coma and even death.

So you're saying I might not need to get snipped?  I'm listening.

 
Bob Sacamano said:
Health effects that are a result of the uptake of high concentrations of cobalt are:

- Vomiting and nausea
- Vision problems
- Heart problems
- Thyroid damage

Health effects may also be caused by radiation of radioactive cobalt isotopes. This can cause sterility, hair loss, vomiting, bleeding, diarrhea, coma and even death.

So you're saying I might not need to get snipped?  I'm listening.
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Jesus, I thought you got snipped a decade ago.  Sending some cobalt to you now.


Also, penny stock alert!

 
Al Czervik said:
Todem, what are your thoughts on ABBV with today's set back?
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These types of stocks are always going to be news sensitive. I would look at this as a long term buying opportunity. But the stock is not down that sharply (4%) and I expect it to rebound over time.

This is their key drug....so any negative news in regards to Humira will do this to the stock price. The Patents (Humira's composition patent set to expire at year end 2016) and the equivalent European (April 2018) were coming anyway. 

I bought the stock on the fact they also have 20 compounds or indications in Phase II and Phase III development across a fairly wide spectrum. Add to that the highly attractive valuation and a healthy 3.8% yield I like the stock long term and can see a 12-18 month price target anywhere from $75-$85 based on revenues, pipeline and also getting past this noise today.

I still think it is a great buy in a beaten down sector. 

 
Yup, SGYP down 5% from up 10% earlier... I might just suck it up and sell. I ####### hate this more than anything.

@John Bender What are you doing with UWTI? It has been on such a run, a little worried to hold through API data tonight and the more meaningful EIA data tomorrow. Good data gets oil over $50, worried bad data sends this into a retreat. 

 
fantasycurse42 said:
Yup, SGYP down 5% from up 10% earlier... I might just suck it up and sell. I ####### hate this more than anything.

@John Bender What are you doing with UWTI? It has been on such a run, a little worried to hold through API data tonight and the more meaningful EIA data tomorrow. Good data gets oil over $50, worried bad data sends this into a retreat. 
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Think I will hold unless and until it gets to 50.  If it dips I'll stay with it because while the daily ups and downs seem very minor, the overall trend has been up. I'm not ready to pull the rip cord. 

I don't think we're shooting back down to 30 dollars a barrel anytime soon (or any time at all) so, while volatile, the floor is nothing that scares me at this time. I think it's a lot higher if a floor than we suffered through earlier this year. I can handle those swings. 

 
John Bender said:
Think I will hold unless and until it gets to 50.  If it dips I'll stay with it because while the daily ups and downs seem very minor, the overall trend has been up. I'm not ready to pull the rip cord. 

I don't think we're shooting back down to 30 dollars a barrel anytime soon (or any time at all) so, while volatile, the floor is nothing that scares me at this time. I think it's a lot higher if a floor than we suffered through earlier this year. I can handle those swings. 
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Alright, I'm sticking with it too... I own more than I should, but I'm letting it ride. 

Nice API report, pretty bullish for oil. 

 
Good god, I wish I could find shares to short :kicksrock:

http://www.businessinsider.com/john-mcafee-mgt-stock-2016-5

  • September 8, 2015: MGT sells all but 11% of its stake inDraftDay.com, according to its annual report.
  • April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand. Additionally, it describes its business as "principally engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space as well as the social casino industry." The report does say that following the sale of DraftDay, the firm is "considering all methods to create value for shareholders, including potential mergers, spin-offs, distributions and other strategic actions."
  • May 3: Michael Brauser, of Grander Holdings, acquires 1,337,668 shares of MGT Technologies, 6.4% of the company at the time of filing. Brauser has been sued numerous times for fraud involving small, publicly listed firms, though some of those allegations have been dismissed. 

    The most recent was dismissed in September 2015, for the company IDI Inc. Brauser was also CEO of an email-marketing company, Naviant, which was acquired and eventually sued by credit agency Equifax after the firm accused the shareholder sellers of fraud. The case settled in arbitration for a payout to Equifax of $15.2 million.
  • May 6: MGT Chairman Joshua Silverman steps down from his position. Silverman's Cayman Island-based Iroquois Capital owns 9.4% of the firm, according to a filing on May 9. According to that filing, Silverman and his firm no longer have any representation on the board.
  • May 9: McAfee is named chairman and CEO, and the company buys Wyoming-based cybersecurity firm D-Vasive for $300,000 in cash and 4,760,000 in shares of MGT. The stock jumps 60% for the day.
  • May 16: MGT files to delay its 10Q report because the firm needs "additional time to work with its auditors and legal counsel to prepare and finalize the Form 10-Q."
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Mark Cuban: “I can say with 100% certainty that there is a really good chance we could see a huge, huge correction,”

:lmao:  Way to go out on a limb.

 
fantasycurse42 said:
Alright, I'm sticking with it too... I own more than I should, but I'm letting it ride. 

Nice API report, pretty bullish for oil. 
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Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.

 
John Bender said:
Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.
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This fire in Canada is wreaking havoc on their production right now, bullish catalyst.

 
John Bender said:
Agreed.

I feel like we're on the right end of things at this point.  We've been on a decent run of stability (hey, it's all relative) in the big oil producing countries as well. Something at some point is going to go wrong, it always does, and in turn, always affects oil prices.  To be fair, I have an equal stake of XOM which is obviously far less volatile and safer (as well as some KMI).  We might dip again, but I think the nastiness is over for now.
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I don't get how I think it was XOM I heard on the radio is close to all time highs or 52 wk? With the beating oil has taken why would any of these companies be near all time highs.....it had to have been 52 wk? Where's the value right now. I took my tax loss in KMI last year and had thought about getting back in, are there better options out there? 

 
GoBirds said:
I don't get how I think it was XOM I heard on the radio is close to all time highs or 52 wk? With the beating oil has taken why would any of these companies be near all time highs.....it had to have been 52 wk? Where's the value right now. I took my tax loss in KMI last year and had thought about getting back in, are there better options out there? 
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There are. Fc42 knows his stuff in this area and I have some opinions as well. Out at the bar now and will post tomorrow for what I think

 
fantasycurse42 said:
  • April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand. Additionally, it describes its business as "principally engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space as well as the social casino industry." The report does say that following the sale of DraftDay, the firm is "considering all methods to create value for shareholders, including potential mergers, spin-offs, distributions and other strategic actions."
  • May 16: MGT files to delay its 10Q report because the firm needs "additional time to work with its auditors and legal counsel to prepare and finalize the Form 10-Q."
Click to expand...


HUGE  :penalty:   here.  Any company that can't report on time is very likely to have some very damaging accounting issues show up down the line.

 
FatUncleJerryBuss said:
Many big investors buying apple, soros 400 million betting against us market.  Thoughts?
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 I've been bearish Apple for the past couple of years. They have so much cash but will be the next Nokia or Blackberry if they can't innovate.  Seriously, they seem content on just riding the IPhone out and letting everyone else get into new technologies.   Poor leadership.  If it gets much lower though it might start becoming attractive as a value play.  Buffet is also in Apple but doesn't have the best record with Tech either BTW.  I think he is down overall on his IBM bet.  

VRX will be a payday soon.  10 new drugs getting released into the pipeline this year, 12 billion in revenue with a 10 billion market cap, cash flow positive, brand name drugs.  

 
dschuler said:
 I've been bearish Apple for the past couple of years. They have so much cash but will be the next Nokia or Blackberry if they can't innovate.  Seriously, they seem content on just riding the IPhone out and letting everyone else get into new technologies.   Poor leadership.  If it gets much lower though it might start becoming attractive as a value play.  Buffet is also in Apple but doesn't have the best record with Tech either BTW.  I think he is down overall on his IBM bet.  

VRX will be a payday soon.  10 new drugs getting released into the pipeline this year, 12 billion in revenue with a 10 billion market cap, cash flow positive, brand name drugs.  
Click to expand...
Buffett and Soros did apple.   Buffett did more.   I think they are playing the same thing but buffett does like playing against our market in general.   Moral thing.  Fyi, my 2 cents.

 
FatUncleJerryBuss said:
Buffett and Soros did apple.   Buffett did more.   I think they are playing the same thing but buffett does like playing against our market in general.   Moral thing.  Fyi, my 2 cents.
Click to expand...
Also David Einhorn got into Apple, but Icahn and David Tepper got out.  Who knows what all their longevity views are with their positions. 

 
Really nervous about some oil pullback. Being how much this has run, it would be healthy, just concerned about how much.

I really want to learn about options. I want to buy $55 calls, but I just don't understand it.

 
fantasycurse42 said:
Really nervous about some oil pullback. Being how much this has run, it would be healthy, just concerned about how much.

I really want to learn about options. I want to buy $55 calls, but I just don't understand it.
Click to expand...
I'm lost on options too.  

I feel like I'm more nervous about not being in oil at this point and missing the next mini run up.  I think I'm still standing pat.

 
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John Bender said:
I'm lost on options too.  

I feel like I'm more nervous about not being in oil at this point and missing the next mini run up.  I think I'm still standing pat.
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I am too, but I'm on eggshells right now. I'm scared of a decent pullback, although over the next few weeks, even with a good pullback, I think the upwards trend continues.

MGT has traded 23M shares in 40 minutes, even though it is basically outlined as fraud. 

Is it possible that there are that many Eminences out there? 

I'm just so excited for the collapse of this thing. 

 
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fantasycurse42 said:
I am too, but I'm on eggshells right now. I'm scared of a decent pullback, although over the next few weeks, even with a good pullback, I think the upwards trend continues.

MGT has traded 23M shares in 40 minutes, even though it is basically outlined as fraud. 

Is it possible that there are that many Eminences out there? 

I'm just so excited for the collapse of this thing. 
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I'm gonna be rich!

 
fantasycurse42 said:
I am too, but I'm on eggshells right now. I'm scared of a decent pullback, although over the next few weeks, even with a good pullback, I think the upwards trend continues.

MGT has traded 23M shares in 40 minutes, even though it is basically outlined as fraud. 

Is it possible that there are that many Eminences out there? 

I'm just so excited for the collapse of this thing. 
Click to expand...
Ok so here is a quick and dirty on options.

They can be used in a few ways. Here are the two ways I use them.

1) Insurance

2) Portfolio Yield enhancement

So as an insurance hedge. You can do it this way if your walking on eggshells about the oil market and let's say a stock like XOM (which is the company you should be the least worried about in the entire sector). 

You own XOM and you bought it at eg: $75 

Today XOM is trading at 89.53 you buy what is called a married put. 

Let's say you love the stock long term but want to hedge some short term downside. Right now your up 19.37% and let's say for this example you own 200 shares. Your fear is it will drop 20% in another oil correction and all your gains will be wiped. So you go and buy 2 XOM July 2016 75's and pay a total of $30 

The premium on July 75's is currently .15 cents. Multiple that buy 200 shares (each option contract is equivalent to 100 shares) and you just paid $30 bucks for insurance.

How so you ask?

Let's say your right and XOM and the oil market free fall again this summer and XOM's price moves down to say $78 bucks.....that $30 insurance you just bought is now probably worth $3.00 which at that point you will go ahead and sell those 2 contract you purchased and book a profit of $600 to offset your stock value going down 12% 

200 shares valued at 89 = $17,800

200 shares valued at 78 = $15,600 (-12% from 89 stock price)

Add your profit on the put + 600

XOM value really is = $16,200 (look at this like a special cash dividend you created on XOM)

value = $16,200 you mitigated 4% of downside. You basically created a special cash dividend for $30 of risk.

That is one way to mitigate downside and keep the stock long term. If the stock never drops......or never sniffs that area...you option will expire worthless in July. You spent $30 bucks for insurance you never used. The longer you go on your expiration the higher the initial premium will be, but the flip side is if the stock really drops like a rock you will make double than that July put (Let's say you sell an October put instead). So their is give and take. Time value of money plays into it.

Another way...which is to me more of a dividend enhancement most of the time and sometimes a reset of cost basis is selling covered calls. I sell covered calls a lot. And it works. I add anywhere from 1-1.5% yield to my clients (and my own) Portfolio each year with this strategy.

Let's say you think the oil rally is overdone, your sitting on 20% profit on XOM....but you don't want to sell the stock (short term capitol gains etc). Your a long term investor. So enhance the dividend if you really sure XOM won't go much higher over the next 3-6 months but at the same time don't care if it is "called away". Here is how.

Let's look at October 2016 XOM 97.50's 

Right now you can bring in (because you will sell this call as opposed to buying a put) a premium of 1.00 So you sell 2 XOM 97.50 OCT 2016 and $200 dollars hard cash goes right into your account.

The stock never sniffs 97.50 and the third week of October rolls around (third friday of every month is witching day when options expire) and the option is now worth .05 cents...you can buy it back and make 95% or let it expire worthless. Either way you just added another $1.00 to your dividend yield in XOM which currently pays $3.00 per year per share. You just increased the yield from 4% (remember you paid 75 bucks for the 200 shares) to 5.33 and it was a 5 month call.

Go ahead and sell another one after expiration. And if it get's called at 97.50...so be it. You still made 20 plus % on the stock....and if you want it back...buy it again. Now you just reset your cost basis.

I have a third option strategy selling out of the money puts on stocks I want to own but at a cheaper price. Digest this first and ask me questions....if you get it...then i will tell you about this other Put strategy I employ with blue chip stocks.

 
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John Bender said:
lol awesome
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Fell from $5 to $3 in about 5 minutes. Nothing to see here. 

Em, hopefully you're out... Look for it to come back online at around $2, probably lower.

I'll post some stocktwit insights in a little. I'm sure there will be some good stuff in there.

 
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