What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Stock Thread (60 Viewers)

culdeus said:
Well considering that is just a concept car at this point, what am I owning?
Click to expand...
A car that is the final stages of pre-production. 

https://www.geek.com/tech/all-electric-porsche-mission-e-set-for-2019-launch-1716576/

Chairman Oliver Blume told CAR magazine that the sports car will go on sale by the end of 2019, priced “like [the] entry-level Panamera,” which starts at $85,000.
Click to expand...
A new rapid-charge battery booster takes fewer than 15 minutes to reach 80 percent, allowing for fast pit stops; Tesla’s Superchargers, meanwhile, take about 40 minutes to reach 80 percent.

The quarter-hour recharge will be offered at launch, according to CAR.

“It will be enough for a [250 mile] range on an 80 percent charge,” Blume told the magazine.

While Porsche remains quite tight-lipped about its upcoming production vehicle, the company boss confirmed that “the design is fixed,” and the final Mission E will look “very close to what you saw two years ago.”
Click to expand...
This Porsche is going to destroy the Model S.

 
Another the sky is falling for Apple kind of day. Feel like they coordinate all of these PRs...

UBS drops sales forecasts and earnings per share from 11.65 to 11.50... iPhone X isn't selling good, only 10% growth, not 12 (based on some random 6,000 person survey). Valuation is too high, which happens to be my favorite - prob the only company on Earth with a mountain of cash, printing 10's of billions per quarter, and the lowest PE of any tech company - yea, their valuation is too rich :lmao:

 
So, Proshares just launched an inverse ETF, Decline of the Retail Store, symbol EMTY :lol:

It is based on an index of US companies with: at least 50% of  revenue from retail operations,75% or more of its retail revenues from in-store sales

This has to mark a bottom for Retail, right? 

 
Last edited by a moderator:
Sold 5 of 50 AMZN and 5 of 40 GOOGL.  Incredible runs and want some more cash.  Plus if this FIFO part of the tax "reform" goes through, might as well get rid of some of the higher shares now.

ETA  Profit of $5000 or so.  Hurray.

 
Last edited by a moderator:
St. Louis Bob said:
Sold 5 of 50 AMZN and 5 of 40 GOOGL.  Incredible runs and want some more cash.  Plus if this FIFO part of the tax "reform" goes through, might as well get rid of some of the higher shares now.

ETA  Profit of $5000 or so.  Hurray.
Click to expand...
:thumbup:

PM if you want some advice on where NOT to put that money. 

 
My guess would be year-end distribution.

ETA- Yes, $7.90/sh cap gain

PS- This is a good example of why you shouldn't buy a fund late in the year. You buy the fund after most of the gains have been realized, but you still get the full distribution, which you then have to pay taxes on.

 
Last edited by a moderator:
St. Louis Bob said:
Sold 5 of 50 AMZN and 5 of 40 GOOGL.  Incredible runs and want some more cash.  Plus if this FIFO part of the tax "reform" goes through, might as well get rid of some of the higher shares now.
ETA  Profit of $5000 or so.  Hurray.
Click to expand...
Yay for $5k.
I'm trying to do some "specified lots" sales, too. Larry Kudlow swears a staffer snuck that in and it has no chance to survive to final bill. But in their zeal to get something passed., I don't trust them on anything.

 
Walking Boot said:
It's daily % is positive... Did they pay out a dividend? 
Click to expand...
I don't think so, but I'm pretty much a halfwit about this stuff, it's just in my 401k.

It was cruising along with everything else and then since 11/27 it crapped the bed. Seems pretty crazy for a mutual fund to drop that much in a day.

But, It did the exact same thing the last 2 years right around this same time.

Let's pretend I'm a complete moron when it comes to this stuff, why wouldn't I just shift a bunch of my 401k stuff into this? And more importantly why would I move it out before this happens next year and back in right after?

 
Mystery Achiever said:
Yay for $5k.
I'm trying to do some "specified lots" sales, too. Larry Kudlow swears a staffer snuck that in and it has no chance to survive to final bill. But in their zeal to get something passed., I don't trust them on anything.
Click to expand...
Kudlow is a Rush Limbaugh clone but on a financial channel.  Also, it's still in the bill.

 
Walking Boot said:
It's probably a distribution. The payout will make it a wash. You wouldn't gain or lose anything by moving money in or out, before or after, the distribution date. 

Mutual Funds only report prices at the end of the day, so, wait until tomorrow and see if your total # of shares you own has gone up by the proportionate amount, or, if they just gave you a big cash payout.
Click to expand...
I hope this is right. Right now that fund shows a loss of about 10% to my balance, I will check over the course of the next few days.

 
Sold my GRX stake as HC is going nowhere and I needed to free up cash.  With the cash bought EPD - distributions are growing and their yield is hitting a high in the last few years.  Good time to buy a stalwart paying 6%.

 
The General said:
I hope this is right. Right now that fund shows a loss of about 10% to my balance, I will check over the course of the next few days.
Click to expand...
You received a $7.90/sh capital gain distribution. Depending on the election you made on whether to reinvest dividends, you will receive that either as cash or they will buy you more shares with it. As Walking Boot said, it is pretty much just an accounting thing. If you held it in a regular account, vs 401k, it would be a 2017 tax liability.

ETA link   https://www.baronfunds.com/tax-center?class=Retail&fund=-1

 
Last edited by a moderator:
sbonomo said:
CBLLF up 20% today - @General Malaise any idea why?  I have 1500 shares so not sure if it is profit taking time?
Click to expand...
Price of cobalt appears to be up about 10% in the last week alone. 

I forgot I set up a $10 sell on this when I bought.  Oops?  Yay!  Not really sure how I'm supposed to feel here.  On the teeter-totter of life, greed always seems like the giant fat kid sitting across from happiness, and he bucks that ####er off every. single. time.

 
You have to do what you have to do.  Everybody has a different risk appetite, but despite the likelihood of a short-term dip, I probably wouldn't have sold at $10 if I hadn't taken that decision out of my own hands.

 
Bob Sacamano said:
You have to do what you have to do.  Everybody has a different risk appetite, but despite the likelihood of a short-term dip, I probably wouldn't have sold at $10 if I hadn't taken that decision out of my own hands.
Click to expand...
This was one of those stocks i put 10,000 ish into and told myself to forget about it so i think i am standing pat.  As GM originally noted, with the electric car boom, this seems like a stock that can gain value for a while.  I will probably be kicking myself in the butt in a month.....

 
sbonomo said:
CBLLF up 20% today - @General Malaise any idea why?  I have 1500 shares so not sure if it is profit taking time?
Click to expand...
Combination of things:
1.  Management is out marketing again hard and the impact is being felt.
2.  As Bobby Sac said, the metal has advanced after roughly six months of consolidation/flattening.  It's mating season for producers and end-users and we're seeing an uptick in activity.  One funny side note is Volkswagen has the temerity to 'demand' cobalt at a steep discount to fuel their EV production.  Cobalt traders are laughing them out the door.  
3.  The LME, which does very little in the way of cobalt trading, is demanding that any material brought to them be proven to be conflict free, as in no material touching the hands of poor little artisanal mining children.  LME wants complete transparency in all material and that's got people looking around nervously like this :oldunsure:
4.  There's a dispute going on in the Congo where a sizeable cobalt producer is going to court which will halt supply for the time being.  Article on Bloomberg below along with another recap from Bloomberg just highlighting the activity in KBLT/CBLLF.
 

Dispute at Congo Cobalt Mine Heads to Court, Halts Supply
By William Clowes  and Thomas Wilson

November 26, 2017, 9:00 PM PST Updated on November 27, 2017, 1:43 AM PST

  • State miner Gecamines facing legal action by two parties
  • Gecamines partner GTL accounts for 4% of global cobalt supply
An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine.

Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern Congolese town of Lubumbashi in March to make way for a new investor, as prices for the metal soared. The attempt to switch one partner for the other has resulted in both parties taking legal action against the state-owned company for breach of contract.

Jersey-registered GTL, a joint venture in which closely held Groupe Forrest International has a 70 percent stake and Gecamines holds 30 percent, is suing Gecamines in the commercial court in Brussels for damages, according to two people familiar with the matter. The court schedule means no more cobalt is likely to be produced at the site until at least 2020 if there isn’t a settlement, said the people, who asked not to be identified because they’re not authorized to speak publicly about the matter. The court declined to comment.

Separately, British Virgin Islands-registered Shamrock Global Inc. says it petitioned the International Court of Arbitration in Paris on Nov. 2 to rule whether Gecamines breached a July 2016 agreement to grant Shamrock access to the same site after GTL’s contract ended, Chief Executive Officer James McCormack said in a statement emailed Nov. 22.

Global Supply

Congo supplies about two-thirds of the world’s cobalt, of which as much as 5,000 metric tons a year, or 4 percent of global supply, was produced by GTL. Traditionally used to harden steel, cobalt’s ability to conduct electricity has made it an essential part of the rechargeable batteries needed to power electric vehicles. The price of the metal has risen 86 percent this year to $61,000 a metric ton on the London Metal Exchange.

Glencore Plc, the world’s largest cobalt miner, has bought GTL’s output since 2015.

GTL has processed mine waste, known as slag or tailings, at the Lubumbashi site since 2001. The project was a lucrative source of revenue for Gecamines. The state miner received as much as $65 million a year in payments for the raw material, in addition to its 30 percent share of total profit, GTL’s majority shareholder, Groupe Forrest International, said in April.

Still, Gecamines blocked GTL’s access to the site on March 23, forcing the company to switch off the furnace five months later. Between March and July, GTL twice failed to obtain a temporary decision from the Belgian courts to restore access to the mine waste and save its supply of raw material for the furnace. 

Differing Interpretations

Groupe Forrest spokesman Henry de Harenne confirmed the case is ongoing, but declined to comment on the details of the dispute. Gecamines said in an emailed response to questions that the dispute with GTL centers around “the interpretation and execution of contractual agreements concluded in 1997,” noting that Belgian courts have already “ruled in favor of Gecamines” twice this year.

GTL contests Shamrock’s claim to the tailings and says its contract grants it preemption rights to the parts of the site it wasn’t exploiting. Shamrock’s own arbitration further complicates the prospects of future production at the site.

A ruling in Shamrock’s favor by the Paris arbitration court will “have the effect of ordering Gecamines to cease and desist from the conclusion of any and all contract negotiations and or settlement agreements with any third parties in respect to the Lubumbashi slag dump, pending the outcome of the main arbitration hearing between Shamrock and Gecamines,” McCormack said.

The court heard the case on Nov. 24 and will decide whether to issue an emergency arbitration order on Monday, he said. Shamrock will continue with the main arbitration hearing if the emergency order isn’t granted, McCormack said.

Contract Interpretations

“Gecamines considers that the agreements concluded between Gecamines and Shamrock have not entered into force” because “preceding conditions” are yet to be satisfied, the state-owned miner said.

Under a 1997 contract, GTL had the right to produce as much as 5,000 tons of cobalt annually from the tailings site for about 15 years. That agreement was revised in January 2013 and Groupe Forrest has said its interpretation of the amendment gives GTL the right to continue to process cobalt at the same rate until the resource is fully depleted.

In October 2016, independent assessments by Gecamines and GTL agreed that about 1.47 million tons of ore remained in the dump. That’s equivalent to a further five years of operations, Groupe Forrest said in April.

Despite the amendment, in December Gecamines said GTL had exceeded the quota permitted by the original contract and it reserved the right to annul the agreement, according to copies of correspondence provided by Groupe Forrest in April. Gecamines said in August that the amended contract abolished a 20-year fixed term contained in the original accord “while maintaining the maximum quantity of 75,000 tons of cobalt.”

Gecamines said its “external studies” showed GTL had surpassed its allowance and the state miner had “consequently ceased to deliver slag, in accordance with the terms of the contract.”

GTL has produced less than 65,000 tons and there is no production limit under the revised contract, Groupe Forrest said in April.
Click to expand...
Cobalt Company Jumps 29% as Electric-Car Boom Sparks Metal Bets

  • Shares surge Wednesday as volumes accelerate in Toronto
  • Canadian company holds a stockpile of key battery metal
By Mark Burton

(Bloomberg) -- 

Shares in a small Canadian minerals company that holds physical cobalt and a portfolio of related investments surged as much as 29 percent as investors hunt for ways to buy into raw materials that are key to powering electric vehicles.

Cobalt 27 Capital Corp. climbed to C$13.88 in Toronto, the highest intraday since March 2012. (NOTE:  THIS IS MISLEADING AS THE PRIOR COMPANY HAS NOTHING AT ALL TO DO WITH KBLT/IT WAS USED AS A SHELL BY KBLT) The Mission, British Columbia-based company pitches itself as one of the few means for investors to bet on a likely surge in demand for materials used in lithium-ion batteries. 

The metal has more than doubled on the London Metal Exchange this year, as automakers such as Tesla Inc., Volkswagen AG and General Motors Co. plan to step up EV production. Banks including Exane BNP Paribas and leading producers like Glencore Plc have predicted booming usage in batteries.

Wednesday’s surge in the stock came after cobalt prices took another leg higher on the London bourse. Some 383,000 Cobalt 27 shares traded as of 1:18 p.m. in Toronto, triple the volume on Tuesday.

Cobalt 27 Chief Executive Officer Anthony Milewski said that while he didn’t know of any particular reason for the surge on Wednesday, gains have been driven by investors’ growing conviction over the outlook for the battery-powered vehicle market. 

“People are expressing their view about the accelerating adoption of electric vehicles,” he said by phone from London. “It’s that’s basic.”
Click to expand...

 
Bob Sacamano said:
Price of cobalt appears to be up about 10% in the last week alone. 

I forgot I set up a $10 sell on this when I bought.  Oops?  Yay!  Not really sure how I'm supposed to feel here.  On the teeter-totter of life, greed always seems like the giant fat kid sitting across from happiness, and he bucks that ####er off every. single. time.
Click to expand...
Considering the amount of losers I've recommended lately, any gain no matter the size is a win coming from this assss clown. 

 
General Malaise said:
Considering the amount of losers I've recommended lately, any gain no matter the size is a win coming from this assss clown. 
Click to expand...
I am almost embarrassed to ask and I could probably find the answer by looking at the prospectus but, thought you may know off the top of your head...Will they ever sell their supply or will the stock price just go as the metal price goes?  

 
sbonomo said:
I am almost embarrassed to ask and I could probably find the answer by looking at the prospectus but, thought you may know off the top of your head...Will they ever sell their supply or will the stock price just go as the metal price goes?  
Click to expand...
Right now, the stock is trading at a pretty good premium to NAV after today (and this week).  I don't think that bifurcation lasts (at least not to the divergence we're seeing currently), but we'll see.  I think cobalt the metal is about to jump and sometimes, equities can lead the metals (in both directions, though not always).  I think the biggest effort afoot right now is the attempt to acquire a stream or something similar which would bring in some cash, which I further believe would be paid to shareholders via dividend.  

That said, I have heard it said that if no streams or off-takes are secured and KBLT just appreciates along with cobalt that the CEO wouldn't object to selling all the material and returning the proceeds to shareholders.  That'd be a win too if everything plays out the way we think it will, but I do think there is a lot more opportunity with KBLT and trust management to make some good decisions on shareholders' behalf. 

 
Mystery Achiever said:
You received a $7.90/sh capital gain distribution. Depending on the election you made on whether to reinvest dividends, you will receive that either as cash or they will buy you more shares with it. As Walking Boot said, it is pretty much just an accounting thing. If you held it in a regular account, vs 401k, it would be a 2017 tax liability.

ETA link   https://www.baronfunds.com/tax-center?class=Retail&fund=-1
Click to expand...
This was exactly as you and @Walking Boot  said. All is right this morning.  :thumbup:

 
Mystery Achiever said:
Great. I'm sure you were relieved to see your balance.
This was actually  my "fifteen minutes" years back. I got quoted in the WSJ on not buying funds close to distribution date in an article on year end planning.
Click to expand...
This is why I don't follow it too closely :lol: just try and max out the 401k contributions and buy a few stocks of companies I like from time to time. 

Congrats on the WSJ fame. Hopefully they did one of those cool dot pictures of your head!

 
  :D  Nah, I wasn't important enough for a picture even with dots. I was in financial marketing and  talked to a reporter  about various year end issues. She called back and asked to quote me.  My PR  guy usually handled media, but he got me a meeting at the WSJ, because that was the dream placement, so they knew me. It was fun thing at the time, for sure

 
With dividend and day trading buying and selling dips on AAPL, I've lowered my cost average from $172.98 to $170.78 while keeping the same amount of shares. 

Beyond all the reasons of liking them, bringing home this mountain of cash is pretty big for them IMO and gets less love than it should - they've got a quarter of a trillion dollars sitting across the pond right now. 

Average analyst target for them in 2018 is around $190, I can easily see them climbing to $220-$230.  
 

One of the key reasons I took a swing on AAPL out of all the high flying tech stocks is safety reasons. Yesterday kinda validated that for me:

Out of FAANG, they dropped the lowest percentage yesterday, still a bloodbath, but not as bad as the others. My least favorite took the biggest hit, NFLX. 

I can handle the dips on AAPL without going into a panic and selling (I think)... Mainly bc there feels like safety there - lowest P/E, most cash, best positioned company possibly in the world. 

 
Last edited by a moderator:
fantasycurse42 said:
With dividend and day trading buying and selling dips on AAPL, I've lowered my cost average from $172.98 to $170.78 while keeping the same amount of shares. 

Beyond all the reasons of liking them, bringing home this mountain of cash is pretty big for them IMO and gets less love than it should - they've got a quarter of a trillion dollars sitting across the pond right now. 

Average analyst target for them in 2018 is around $190, I can easily see them climbing to $220-$230.  
 

One of the key reasons I took a swing on AAPL out of all the high flying tech stocks is safety reasons. Yesterday kinda validated that for me:

Out of FAANG, they dropped the lowest percentage yesterday, still a bloodbath, but not as bad as the others. My least favorite took the biggest hit, NFLX. 

I can handle the dips on AAPL without going into a panic and selling (I think)... Mainly bc there feels like safety there - lowest P/E, most cash, best positioned company possibly in the world. 
Click to expand...
This was my thinking. Got in around $90, $130 and thinking of buying more in my taxable and going AAPL and AMZN in my Roth IRA. 

 
You must log in or register to reply here.

Similar threads

Andrew74
2025 FBG Stock Contest
2
Replies
77
Views
4K
Andrew74
Andrew74
Andrew74
2024 FBG Stock Contest
2 3
Replies
127
Views
8K
McBokonon
McBokonon
Wingnut
Pluribus TV show discussion thread
2
Replies
55
Views
1K
northern exposure
northern exposure

Users who are viewing this thread

Total: 56 (members: 4, guests: 52)
Back
Top